Showing posts with label Economic and Financial Crimes Commission (EFCC). Show all posts
Showing posts with label Economic and Financial Crimes Commission (EFCC). Show all posts
Impunity seems to have assumed a cultural dimension in Nigeria, because the big thieves are either honoured for plundering the nation's resources, or they are spanked with kid gloves. I am mouth-agaped that the infamous Professor Maurice Iwu of worst election history was still the consultant for election compromise strategies hired by Mrs. Diezani Allison Madueke, the Petroleum Minister under former President Goodluck Jonathan.
Iwu was reported to have worked with Diezani's son and the Managing Director of Fidelity Bank, Okwonkwo, the compromised banker was given 115 million US dollars to be converted to 23 billion naira to be shared among the Resident Electoral Commission (RECs) of Independent National Electoral Commission (INEC) unknown to the then integrity personified Attahiru Jega and election monitors. The plot was that if the election was compromised, the election monitors would write favourable reports to back it up for the sake of credibility.
As it stands, the wind has blown, and the rumps of the foul has been unveiled. Fidelity bank has owned up to its conspiracy, some INEC officials have started singing at the net of Economic and Financial Crime Commission (EFCC), and some of them have started returning monies to the government, but the Chief Consultant Maurice Iwu is on the run, he is too timid to face the law.
No wonder Diezani invited my senior, Dele Momodu, a celebrated columnist cum politician to her London home for "make-belief" cancer narrative to draw sympathy for the female rogue, and to bamboozle the countrymen into believing her innocence. It was Momodu's syndicated narrative on Saraki that made yours sincerely to yank the man off the radar of integrity.
Everyone has a price. Iwu has been declared wanted now. And I am confident he would be implored by friends to get in touch with Momodu for another pathetic narrative that would couch his story in persecution, because Buhari lost election under his leadership of INEC. Nevertheless, something is selling good now with the new sheriff in town.
Iwu is a masquerade handler who is in for a great of trouble this time. This masquerade handler is perpetually in trouble, for he set out two thousand naira worth of masquerade, and lost his cap worth of three thousand naira; while searching for it, the tax collectors arrested him and charged him for tax default to be settled for eight thousand naira. From this scenario Yoruba comes up with a proverb-"odaran moran, alaagba Ile Gbonmi, o se egun nain, o so fila egbedogbon nu, oniwe Ile tun mu".
The monumental corruption buried alive in the grave of poverty and wants in Nigeria has refused to give up ghost. "miraculously", the cases of heartbreaking stealing we thought would not see the light of the day are now staring us in our battered faces, and we are helpless that people do not know whether to fight or to resign to fate.
This is an interesting time in the life of Nigeria, and honestly, I don't envy the jobs of the President or governors, because the sprawling anger against the ruling class is not definable. Those who want President Muhammadu Buhari to run faster, not minding the "broken bottle" of treasury, "broken glasses" of national institutions, "nails" of beneficiaries of the old older, the scourge of rotten judiciary, the unscrupulousness of the "legislators", the unchanging attitude of those who crave for change and other vices, are angry with the President, because they have faith in him, and they want him to pace faster. Meanwhile, those who are affected by the anti-corruption battle are equally angry with the President at the way and manner their "scam shops" are being forced to close daily. And this is the dialectics of unity of opposites.
An interesting dimension is the way names of the children of "vultures" in government featured in their parents' sleaze. These corrupt few sent their children abroad to School on the government bill, bought eye-popping houses for them from government bill, they even allowed them access our collective purse to steal and monitor other thieves, because they wanted to be everywhere at the same time stealing. Whereas, they were asking the children of the poor to come and write job exam at stadia, where death was offered in return. That was the story of the yesterday's men.
Maybe, we do not know that N23 billion dollars could be used to pay Osun workers full salaries of ten months; perhaps, we do not know that the same amount could fix not less than 300 kilometres of roads in the nation; maybe we do not know that the same amount could give us some power turbines for generation of 5000 megawatts; maybe we do not know that 23 hospitals could be fixed with state of art equipment that would save thousand of endangered lives; maybe we do not know that the same amount could produce 500 employers of labour who could create additional thousands of jobs for the youth; maybe we do not know that not less that 50 universities could be fixed with the money. But, it is too late to cry now that the head is off, because our electoral officers and election monitors had already gone shopping with it.
Look, some people are still asking about the change promised by President Muhammadu Buhari, because they have not been given direct food, but how come people are not seeing the change in the way things are going bad for those who pushed the country to the edge? Maurice Iwu and Diezani must be brought to face justice. Of course, corrupt lawyers and SANs must have been dusting their filthy gowns and wigs to defend them on the mantra of rule of law, and their sponsored protesters must be preparing for dress rehearsal. All the same, we must salute the President who has created enabling environment for the anti-graft agencies to unveil this structure of corruption.
Butika is an intercontinental journalist.
The Central Bank of Nigeria under the leadership of the incumbent Governor, Godwin Emefiele, the Economic and Financial Crime Commission, EFCC under the leadership of the ex-chairman, Ibrahim Larmode, probably the Independent Corrupt Practises And Other Related Offences Commission, ICPC may have been indicted by the Fidelity Bank Nigeria PLC in the $115 million 2015 election bribe slush fund championed by former Petroleum Minister, Diezani Aliso-Madueke and Son, Ugonna Madueke.
Following yesterday's viral media reports on the saga, the Fidelity Bank has officially made it clear in an official statement that the said transaction was reported to the appropriate authorities as required by Nigeria's financial regulation.
The bank said it a statement by its Head of Corporate Communication, Mr. Ejike Ndiulo, that the said transaction was reported to relevant authorities as required by banking regulations.
Ndiulo said: “Our attention has been drawn to reports in the media on investigations into transactions undertaken by the bank in the normal course of business in 2015. “The transactions are now the subject matter of investigations by the Economic and Financial Crimes Commission, EFCC.
“We can confirm that the transactions were duly reported as required by the regulators and the bank is cooperating fully with the authorities on the investigation.”
If such report was made to the Central Bank of Nigeria, the CBN under the leadership of Godwin Emefiele, the EFCC; under Ibrahim Lamorde and other regulatory bodies, what have they done before now? Could it be they had their own share of the slush fund reason they kept mum? Were they ordered to be silent by the then President as the he was the giant beneficiary of the scandal? All these questions await genuine answers.
Ordinary and in a sane nation, should Fidelity Bank actually reported the transaction as claimed, the nation could have been saved and protected from this monumental theft by public officers entrusted with powers
#Diezanigate: 36 States INEC Chiefs Indicted, Oil Barons On The Run As INEC Officers, Banks Refund N407m
News Proof 29.4.16 No comments Edit Post
The Economic and Financial Crime Commission, the EFCC has fingered Independent National Electoral Commission officers in the 36 states of the federation in the bribery saga of $115 million slush fund shared by the embattled former minister of Petroleum, Mrs. Diezani Alison-Madueke.
Some oils barons who were mandated to contribute the $88.35 million by the Diezani were reportedly shocked at the anti-graft, the Economic and Financial Crime Commission, EFCC's unearthing the secret deal to aid Jonathan's reelection in 2015. Some of the barons were said to have gone into hiding to avoid been arrested, except for one, Leno Olaitan Adesanya, who has reported himself to the EFCC
It was learnt that besides INEC officials in the 36 states, the EFCC has invited the owners of the oil firms which contributed $88.35million of the $115million sent to Fidelity Bank by the ex-Minister of Petroleum Resources.
One of the four oil firms implicated in the bribery saga has been linked to former Governor of Delta State, who is serving a jail term in the United Kingdom, James Ibori.
It was learnt that besides INEC officials in the 36 states, the EFCC has invited the owners of the oil firms which contributed $88.35million of the $115million sent to Fidelity Bank by the ex-Minister of Petroleum Resources.
One of the four oil firms implicated in the bribery saga has been linked to former Governor of Delta State, who is serving a jail term in the United Kingdom, James Ibori.
An EFCC source, who spoke in confidence to our source, said:”Our investigation into the N23.29billion bribe has reached a critical stage. Six teams are working round the clock in all the geopolitical zones.
“The top officials of Fidelity Bank in custody have made statements, including the list of all beneficiaries and bank details of payments made to them.
“We are likely to arrest more suspects, especially the oil chiefs who provided about $88.35million of the $115million lodged in Fidelity Bank for conversion to naira.
“One of the clues we are probing is the likelihood of these funds being laundered by the oil firms and their owners.
“If these clues are proven, they may eventually face trial for money laundering. We will surely interact with these oil magnates.
“Some oil companies are under surveillance for their covert operation in diverting taxes and revenue meant for the Federal Government to fund campaigns. You can now understand why some of them were given tax waivers.”
The source added: “One of the oil chiefs, Leno Olaitan Adesanya, reported at the EFCC headquarters in Abuja but he has been directed to go to the Lagos office.
“We are expecting him for grilling on Friday (today). We have invited other oil chiefs but two of them have gone underground. We will fish them out wherever they are.”
Fidelity Bank and some former and serving officials of INEC have refunded about N408.7million to the EFCC.
While the bank refunded N49.7million, some former and serving INEC officials in Oyo and Ogun states paid back N359millon
A top EFCC source said: “While scrutinizing their records, we discovered that Fidelity Bank made a profit of N49.7million from the disbursement transactions made in all its branches nationwide. The management of the bank on Thursday refunded the profit while we are continuing investigation on other funds.
“Some former and serving INEC officials in Oyo and Ogun have paid back N359million to EFCC. What happened was that while N802m was voted for bribery of INEC officials and NGOs in Oyo State to change presidential poll results, about N629m was dished out in Ogun State,
“But some of these beneficiaries in Oyo and Ogun were suspicious of the sources of the funds. They cooperated and went to the designated Fidelity Bank branches and collected the cash. Instead of spending it, they sought the service of lawyers who advised them to open accounts to keep the cash in case there are issues in the future.
“When this matter came up, the lawyers assisted in locating the funds and the N359million was refunded.
“We are working on other beneficiaries to recover the slush funds.”
Saraki CCT Trial: Tribunal Chairman Likely Be 'SACKED' Tomorrow
News Proof 27.4.16 No comments Edit Post
PM News - The Code of Conduct Tribunal (CCT) will on Thursday, April 28, deliver its ruling on an application filed by Senate President Bukola Saraki, seeking disqualification of CCT chairman from presiding over his trial.
The tribunal fixed ruling for April 28, after listening to the submissions of counsel.
Saraki had accused the chairman of the tribunal Justice Umar Danladi, of bias and insisted that he cannot get justice under his chairmanship.
Counsel to Saraki, Mr Raphael Oluyede, told the tribunal that the continued presence of Danladi on the panel offended the provisions of Section 36(1) of the Constitution of the Federal Republic of Nigeria.
Oluyede claimed that since the EFCC is largely responsible for the trial and investigation of the N10 million bribery allegations against the chairman, there is no way the chairman will be objective and impartial in the case.
He asked the chairman to disqualify himself from further entertaining the matter.
In his argument, the prosecuting counsel Rotimi Jacobs (SAN), prayed the tribunal to dismissed the motion for lacking in merit.
Jacobs said that the argument of Saraki`s lawyer defy the understanding of legal minds.
He said EFCC investigation remains an investigation, and the CCT chairman was investigated and cleared by the EFCC, he has not been charged before any court.
Jacobs, however, said that Saraki is under trial and he is still serving as Senate President and the defence lawyer was asking the CCT chairman to disqualify himself from trying Saraki.
He said it was a clear misconception of law to argue that because EFCC is investigating CCT chairman, then he should disqualify himself from the trial.
He said the EFCC had concluded investigation in the matter since March, 2015 and issued a clearance letter to the CCT on March 5, 2015.
“My lord, this application is meant to embarrassed your lordship as it was said at the Supreme Court, my lord, there is nothing in this application worthy of notes.
“This is not an EFCC case, it is the Attorney General of the Federation that gave me the fiat to prosecute the matter,” he said.
Jacobs urged the tribunal to take judicial notice of the series of harassment done it by the defence.
“My lord, no one should be above the law, attempt have been made to amend the CCB/CCT Act because of this trial.
“The prosecution is harassed, they went to different courts with the same motion, but never succeeded all in an attempt to frustrate this case” he said.
He said the issues raised are based on sentiment and matters of sentiment have no place on law.
Jacobs said Mr Oluyede has never appeared for Saraki at this tribunal as at the time he filed the motion.
“He is not a counsel on record as at the day he filed his motion and he predicated his case on wrong assumption that EFCC is a party before the tribunal.
Ekweremadu's EFCC Award: The Dirty Plot, Timed Coup To Rubbish Saraki Out of Office
News Proof 24.4.16 No comments Edit Post
Some Senators have revealed that the Deputy Senate President, Ike Ekweremadu has already begun plot to unseat the embattled President of the Senate, Dr. Bukola Saraki.
A Senator who spoke to the Ripples on condition of anonymity revealed that the recent controversial award of the Economic and Financial Crime Commission, EFCC anti-corruption award fraudulently bestowed on Ekeremadu was deliberate attempt to demonize Saraki and position himself as saint.
The Senator said; “We are surprised at the Deputy Senate President. We believe that the award was an orchestrated move to rubbish Dr. Saraki and position himself as a saint. We see through this charade, and are not impressed.
“We smell a dirty plot, a timed coup to stampede Oga out of office.
“We think Ekweremadu is in a hurry to be Senate President. They should allow the law to run its course. Dr. Saraki has said he would not resign and is ready to face trial. This set back is only temporary. We are confident he will prevail in the end”, he said.
The award, ‘Anti-corruption Ambassador,’ which is now mired in controversy was reportedly cooked for Mr. Ekweremadu by the Liaison Officer of the Economic and Financial Crimes Commission (EFCC) at the National Assembly, Mr. Sulaiman Bakari. The agency has since denied the said staff, leaving the Deputy Senate President thoroughly embarrassed and feeling that he may have been scammed.
Sources close to Senator Saraki say that the anti-corruption crusader award bestowed on his deputy took his camp by surprise, coming at a time the Senate President’s integrity was being questioned both at the tribunal and in the Panama Paper leaks. Saraki’s loyalists are now querying the original intentions behind the Ekweremadu misadventure, a source confided in Ripples Nigeria.
What has emerged is that the Saraki and Ekweremadu camps are heading for an apparent showdown as mutual distrust sets in. The Saraki camp is alleging underground moves to unmake their principal via a ‘timed coup’.
The unease among the Saraki elements heightened on Wednesday when the Deputy Senate President emerged from a closed-door session of the Senate to announce that the upper legislative chamber was reversing some of its earlier decisions which had drawn the ire of Nigerians and made Saraki even more unpopular.
Among others, Ekweremadu said the Senate was suspending further debate on amendments proposed for the Code of Conduct Act which many believe was instigated by Saraki to extricate himself from the CCT trial.
He also announced that the Senate was standing down the suspension clamped on Senator Kabir Marafa, a known Saraki critic who wanted the Senate President sacked soon after he was elected.
He added that the Senate had also resolved that all members who had cases instituted in the courts against their colleagues should have same withdrawn, emphasizing that the Senate was now more united than before.
Finally, he said that Senators will stand by their embattled President all through the course of the trial at the CCT. While many at the Senate closed-door session cheered, reports say that die-hard Saraki loyalists were not amused and have since drawn a battle line.
Last week, the Chairman of the All Progressives Congress (APC), Chief Odigie John Oyegun, sent the clearest signal till date of the party’s resolve to sack the troubled Senate President. He had given indications that the APC would spare nothing to oust Saraki.
Analysts believe that Ekweremadu’s succession plots may have been bolstered by Oyegun’s pronouncements.
One commentator told Ripples Nigeria, “The man has a right to aspire. There is a gap to be filled, and this has been made manifest by APC chieftains who have come out to say that they do not want Saraki anymore.
“Politicians are the same everywhere. They are all opportunists and would seize the moment if an opportunity presents itself. Ekweremadu cannot be an exception. He has been lying in wait for long.
“I think he is being edged on by permutations that the opposition party, People’s Democratic Party (PDP) have a comfortable standing in the Red Chamber and only require a few disgruntled APC Senators to climb the throne”, he noted.
Ex-Finance Minister ARRESTED Over Fraudulent Withdrawals From CBN, Fani-Kayode, Falae Named As Beneficiaries
News Proof 22.4.16 No comments Edit Post
The Nation - Economic and Financial Crimes Commission (EFCC) detectives yesterday detained former Finance Minister Mrs. Nenadi Usman.
The EFCC is probing her role in how billions was withdrawn from the Central Bank of Nigeria (CBN) and paid into the accounts of six chieftains of the Peoples Democratic Party (PDP) and the Goodluck Support Group (GSG).
She allegedly owns an account, titled “Joint Trust Dimension Nigeria Limited” in which a substantial part of the funds was lodged. Cash was disbursed to party chieftains from the account, according to investigators.
Besides Mrs Usman, other suspected beneficiaries of the “bazaar” include former Aviation Minister Femi Fani-Kayode; former Secretary to the Government of the Federation and Social Democratic Party (SDP) leader Chief Olu Falae; former Imo State Governor Achike Udenwa; former Minister of State for Foreign Affairs Viola Onwuliri and Okey Ezenwa.
But most of these individuals have denied involvement in the money sharing.
There were strong indications last night that all those who got the slush funds might be picked up by the anti-graft agency.'
Mrs Usman reported at the Lagos office of the agency and was immediately taken into custody for interrogation.
“We may relocate her to Abuja but for now, she has been detained in Lagos.
“She was said to have received the sum of N2.5 billion out of the over N4 billion which was transferred out of Central Bank of Nigeria into various individuals and company’s accounts
“In addition, the sum of N140 million cash was allegedly paid into her Zenith Bank Account in January 2015.
“Some of these funds are said to have been traced to her personal account and her company’s account which she used to acquire properties in Abuja.”
A top source conversant with the deal, which landed the ex-Minister in trouble, said: “Mrs Usman was the Director of Finance of the Presidential Campaign Committee for the re-election of ex-President Goodluck Jonathan. At the prompting of the former President, N4billion was withdrawn from the CBN under the guise of security needs for disbursement to party chieftains.
“The cash was transferred into the account of Joint Trust Dimension Nigeria Limited, a company traced to Mrs Usman, where it was later shared to various individuals and organisations for purposes that are not stated.
“Nenadi, who made a statement to EFCC later went abroad on an undisclosed mission.
“Her trip slowed down investigation because as a vital coordinator, she ought to reappear for further interrogation. This development made the EFCC to watch-list the ex-minister.”
The details of how the funds were disbursed are: Fani-Kayode (N840million); Goodluck Support Group (N320million); Achike Udenwa and Viola Onwuliri (N350million); Nenadi Usman (N140million); and Okey Ezenwa (N100million).
The source gave insights into how the funds were remitted into the accounts of the seven suspects.
He added: “Fani-Kayode was the chief beneficiary of the disbursement as he allegedly received N840million, paid in three tranches into his Zenith Bank, Maitama branch account with No.1004735721.
“The first tranche of payment involving N350million hit the account on February 19, 2015. Another N250milion was also paid into the account on February19, 2015 while N240million was credited to the account a month later; precisely, March 19, 2015.
“The balance on this account as at 31st December, 2015 was N189, 402.72.
“Next is Goodluck Support Group, which allegedly received N320million
“Falae allegedly received N100m through Marreco Limited, a company where he is Chairman. The fund was credited into the company’s United Bank for Africa Plc account No. 1000627022 on March 25, 2014.
“Both Udenwa and Mrs Onwuliri got N350million in two tranches. The first tranche of N150million was paid into their joint account with Zenith Bank on January 13, 2015. The second tranche of N200miilion was credited into their account with Diamond Bank.
“Nenadi Usman got funds through her Zenith Bank account no. 1000158311 on 7, Kachia Road, Kaduna; N36.9million was credited to her.
Okey Ezenwa got N100million.”
The EFCC yesterday confirmed the arrest of a Permanent Secretary in the Ministry of Labour, Dr. Clement Illoh, to whose Zenith Bank N316 million traced to.
A source said: “The EFCC in the course of investigating the Technical Committee for Ratification of MLC of Nigeria Maritime Administration and Safety Agency (NIMASA) discovered that the sum of N14.1 million was paid to Clement & Bob Associates.
“Further investigation revealed that the said company, Clement & Bob Associates, belongs to Dr. Clement Illoh, where he is the sole signatory.
“It was further discovered that the sum of N49 million and N13 million were also paid into Clement & Bob Associates account from the now defunct Subsidy Reinvestment Programme, SURE –P.
“Illoh has been unable to provide satisfactory answer on how he came about the said N316 million in which he has the sum of N200 million in fixed deposit and over N16 million as balance in Zenith Bank.
”The EFCC also discovered that Illoh purchased property worth N75 million from Aso Savings and Loan, Abuja using the name of his wife, Rose.”
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