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Alleged scam: EFCC Impounds Okowa’s Passport

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The Economic and Financial Crimes Commission has seized the international passport of the former governor of Delta State, Ifeanyi Okowa.

Okowa was nabbed by the anti-graft agency on November 4, 2024, over an alleged diversion of N1.3tn derivation fund.

The N1.3trn amounted to a 13 per cent derivation fund from the federation account between 2015 and 2023.

He was also accused of failing to render accounts of the funds as well as another N40bn he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.

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Okowa also allegedly bought shares of N40bn in one of the major banks in the country, representing eight per cent equity to float the offshore LNG.

According to sources in the commission, Okowa was at the EFCC office in Port Harcourt, Rivers State and was subsequently arrested by officials of the commission.

A source privy to the matter but not permitted to speak with journalists said Okowa had been released since last week Wednesday, after meeting his bail conditions.

The source said one of the conditions was to submit his travel documents with the agency, pending the conclusion of the matter.

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“Okowa is no longer in our custody. He was released last Wednesday after meeting his bail conditions, which include depositing his travel documents with the commission, pending the conclusion of our investigations of the allegations against him.

“The sum allegedly is too huge to take risks. And what we have done is not out of place. This is to prevent anyone under investigation from jumping the bail he/she had been granted,” he said.

Several calls put through to the EFCC’s spokesperson, Dele Oyewale, were not answered.

He was also yet to respond to the message sent to him on the matter as of the time of filing this report.

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Speaking on his trial, Okowa described the allegation that he misappropriated N1.3tn oil derivation funds while in office as laughable and totally false.

Speaking when he received the national leadership of Urhobo Progress Union, led by its President General, Chief Ese Owe, on a solidarity visit at his residence in Asaba, on Tuesday, Okowa said he was not worried by the EFCC invitation.

The former governor, who was speaking publicly on the issue for the first time since his return from honouring the EFCC invitation, said he was confident that he would come out clean.

In a statement signed by his Chief Press Secretary, Olisa Ifejika, the former governor disclosed that the petitioners were driven by mundane political considerations but asserted that he would continue to support Governor Sheriff Oborevwori to deliver on the mandate freely given to him by the Delta people.

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“It was a petition written several months ago, but unfortunately, with the politics of our time, some people decided to ensure that Okowa must be invited by the EFCC.

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“People are genuinely uncomfortable about Okowa and I was actually invited and I went there by myself and the first thing I saw was that they said I misappropriated N1.3tn. I said, do you know the kind of money you are talking about?

“To successfully take N1.3tn, it means you have to be taking between N16bn and N20bn every month into your pocket. I don’t even know if the President of this country will be able to do that, not to talk of the governor of Delta State.

“They have forgotten that the first in three years we came into office – 2015, 2016 and 2017 – the money that was coming into the state was not even enough to pay salaries at all.

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“Some local governments like Ethiope East were owing as much as 15 months salaries and even in the state here, some people were getting half salaries.

“Delta State is the highest salary-paying state in this nation; our salaries grew to the level that salaries and pensions went up to over N11bn in a month.

“There are some states whose total staff strength is less than 18,000, but here in Delta, we have over 56,000 workers,” he said.

The former governor added, “Workers always received their salaries promptly while we also embarked on all the projects that were done, and nobody thinks about it, especially the projects we did in the riverine areas. But, I know that the people are not happy with those who wrote the petition.”

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He said, “Personally, I am not against investigation because the EFCC has to do its job, and I know that I have done everything how it ought to be done.

“For every allegation, they will investigate, and when they have found the truth, they will stop, but for those who sent a wrong communication, it is rather unfortunate.

“I just pray for them because when you allow yourself to be used as a tool when evil starts to come, the impact will be so much, but I pray that God will forgive them.

“I know that by the special grace of God, we have done the things we ought to do to the best of our ability and by the special grace of God, Governor Oborevwori is beginning to do a lot.

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“I believe that by next year, he will do a lot more. So, let me assure you that I will continue to support the UPU and the governor of the state as much as I can because I know that he has a lot to offer this state.”

He commended the UPU for its support to him over the years, saying, “I thank the UPU and the Urhobos because they supported me a lot and they also believe in equity because I always got more votes from them than their sons who contested against me.”

Earlier, the President-General of UPU had said that their visit was to thank the former governor for supporting their son, Oborevwori, to emerge as governor of the state.

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Core Public Servants hail Tinubu for appointing thoroughbred Procurement officer, Adedokun as BPP DG

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A group under the aegis of Core Public Servants, CPS hail President Bola Tinubu for appointing Dr Adebowale Adedokun, a thoroughbred Procurement officer as the Director General of Bureau of Public Procurement, BPP.

CPS in a congratulatory letter signed by Kudirat Akindero to Adedokun lauded President Tinubu for following due process and picking the most qualified to run the affairs of the soecialised agency.

In the letter, the ADSC said:

“Congratulations to Dr. Adebowale Adedokun, PhD (MCIPS, CMILT), on his appointment as the Director-General/Chief Executive Officer of the Bureau of Public Procurement (BPP).

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“This significant achievement reflects his extensive expertise and unwavering dedication to advancing public procurement in Nigeria.

“With over 20 years of robust experience in public service, Dr. Adedokun has made substantial contributions to procurement reform.

“His distinguished academic background includes a doctorate in Procurement and Supply Chain Management, complemented by four master’s degrees in Procurement, Finance, Technology, and Transportation Management.

” This diverse educational foundation equips him with a comprehensive understanding of the complexities inherent in procurement processes.

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“In his career, Dr. Adedokun has held pivotal roles, including serving as a National Consultant for the United Nations Development Programme (UNDP) on public procurement reforms.

“He represents Nigeria in the International Research Study on Public Procurement (IRSPP) and serves as a World Bank Resource Person on Sustainable Procurement. His commitment to capacity building is evident in his training of over 4,000 federal and state government procurement professionals nationwide.

” Additionally, he has been instrumental as the focal point officer for the UN Women Project aimed at empowering women in procurement in Nigeria and as the Project Coordinator/Procurement Node for the SPESSE – World Bank Project.

“Dr. Adedokun’s professional affiliations are extensive, including membership in the Chartered Institute of Procurement & Supply (CIPS), UK; Chartered Membership in the Chartered Institute of Logistics & Transport (CILT); Fellowship in the Institute of Strategic Management Nigeria (ISMN); Fellowship in the Institute of Management Consultants (ICMC), Nigeria; membership in the Nigerian Institute of Chartered Arbitrators (ACArb); Fellowship in the Nigeria Institute of Training & Development (NITAD); membership in the Nigeria Institute of Management (NIM); and membership in the Association of Certified Fraud Examiners (ACFE).

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In recognition of his consistent contributions to reform, Dr. Adedokun was honored with a Certificate of Special Recognition by USAID’s Nigerian Reforms Project in July 2009.

As he assumes the role of Director-General of the BPP, Dr. Adedokun’s extensive knowledge and experience are anticipated to significantly contribute to the agency’s strategic repositioning.

” His leadership is expected to advance efficiency, transparency, and accountability within Nigeria’s public procurement system.

Once again, congratulations to Dr. Adebowale Adedokun on this well-deserved appointment.

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Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps

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By Gloria Ikibah
The House of Representatives has highlighted the detrimental impact of the mass migration of health workers from Nigeria, describing it as a major challenge to the country’s healthcare system.
The Chairman, House Committee on Health Institutions,  Rep. Amos Magaji, stated this during a public hearing on 16 bills aimed at establishing various health institutions, on Thursday in Abuja.
Rep. Magaji underscored the need for better distribution of healthcare facilities, particularly in rural areas, to address population growth and healthcare gaps.
He noted, “Recently, there has been an enormous migration of doctors, nurses, and other health workers in search of ‘greener pastures,’ leaving Nigeria’s health sector severely understaffed. To improve the sector, we must invest in human resources, medical intelligence, and the administrative appointment of capable persons based on merit.”
The Chairman also brought to light the infrastructural deficiencies in healthcare institutions across the country, citing inadequate funding, lack of maintenance, and insufficient equipment as recurring issues.
The Minister of Health, Prof. Mohammed Ali Pate, represented by Dr. Jimoh Olawale Salahudeen, in his submission warned against the duplication of health institutions, and stated that such efforts would strain the already scarce resources.
He explained, “Existing Federal Teaching Hospitals and Medical Centers in Nigeria, including those in the North West, already provide cardiovascular care and related services. Establishing a new institute would add financial burden without addressing the core issues.”
Pate also acknowledged the migration of health workers and the need for a stronger workforce to handle emerging health challenges.
“The Federal Ministry of Health supports the establishment of new institutions but insists on considering geographical spread, population density, and disease burden in proposed locations,” he added.
The hearing emphasised the need for balanced development in the healthcare sector, adequate funding for existing institutions, and policies to retain health professionals in Nigeria.
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Access Bank (UK) Limited to Acquire AfrAsia Bank Limited

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By Gloria Ikibah
Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited (“Access UK”), has signed a binding agreement to acquire a majority stake in AfrAsia Bank Limited, the third-largest bank in Mauritius by total assets.
Mauritius, known for its strong financial sector, which contributes 13.4 per cent to its GDP, offers Access UK a strategic base to grow its personal and corporate banking services.
This was contained in a statement by its Company Secretary, Sunday Ekwochi, made available to Naijablitznews.com on Thursday.
According to Ekwochi, the acquisition will also position Mauritius as a hub for Access Bank’s trade finance operations, enhancing its ability to manage cross-border transactions across Africa and internationally.
AfrAsia Bank, as of June 30, 2024, reported total assets of over $5.7 billion and a net profit after tax of $152.4 million, underlining its solid financial position.
**Key statements on the acquisition:**
– Managing Director/CEO of Access Bank Plc, Roosevelt Ogbonna, speaking on the acquisition said:  “This acquisition is a crucial step in our African growth strategy, strengthening our position as a top Pan-African financial institution. Mauritius’ role as a financial hub aligns with our vision to unlock opportunities that drive trade, support businesses, and promote economic inclusion across the region.”
Also Managing Director of Access Bank UK, Jamie Simmonds, stated: “AfrAsia Bank’s strong balance sheet and established brand in Mauritius give us a solid platform for sustainable growth. This deal supports our strategy to diversify earnings and provide clients with seamless access to global markets.”
Access Bank UK aims to promote sustainable growth, deliver innovative financial solutions, and support trade between Africa and the world.
The acquisition process will be finalized in the coming months, with updates provided as needed.
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