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EXPOSED; How Tinubu’s Aides, Ministers shared N54bn forfeited by Emefiele’s accomplices

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Some of President Bola Tinubu’s ministers and aides are accused of sharing over N54 billion from the N120 billion forfeited to the Federal Government by Aminu Yaro and his wife, Saadatu Yaro.

The Yaros, who were associates of former CBN Governor Godwin Emefiele, reportedly agreed to forfeit the funds as part of a plea bargain with the EFCC to drop pending criminal charges.

According to sources, a portion of the forfeited monies, totalling N54 billion, were disbursed among key ministers and advisers of Tinubu in cooperation with EFCC officers.

“Emefiele’s accomplices Aminu Yaro and his wife, Saadatu Yaro, forfeited N120 billion as plea bargaining,” one of the sources said. “Now Tinubu’s aides and ministers shared over N54 billion of the money amongst themselves, and the EFCC is explicitly aware.”

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When contacted by reporters, Mr. Dele Oyewale, the EFCC’s Head of Media and Publicity, declined to comment on the accusation, neither confirming nor denying it.

“Let me find out; I will get back to you,” he said.

Oyewale had not responded to reporters as of Tuesday, when this report was filed.

According to reports, the EFCC’s investigations discovered a N70 billion scam reportedly committed by Godwin Emefiele, former CBN governor, in cooperation with others.

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According to sources who spoke to our reporter, Emefiele, Alhaji Aminu Yaro, Sarkin Hausawa of Lagos, and his wife, Saadatu Ramallan Yaro, generated the monies through a foreign exchange differential fraud operation that Emefiele assisted.

Sources added that Emefiele blatantly misused his official privileges by committing FX differential fraud with the cooperation of the Sarkin Hausawa Lagos, Yaro, and his wife.

“This is a case of forex differential fraud involving the CBN governor, Godwin Emefiele.

“The governor sells forex to various individuals at the official rate on paper. He has an understanding with the individuals that they will sell at the black market rate when the CBN credits the banks of the individuals that buy the forex.

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“When they sell, the difference will be paid into the account of Aminu Yaro on behalf of Emefiele,” one of the sources said.

“So far, about N70 billion has been traced to the account in the course of the investigation.”

According to these sources, Saadatu Ramallan Yaro was a signatory on the firm account where the cash was put.

SaharaReporters revealed on May 22, 2023, that the EFCC charged Saadatu Ramallan Yaro and her company with money laundering charges worth more than N140 billion before Justice Obiora Egwuatu of the Federal High Court in Abuja. Yaro is also a director at April 1616 Investment Limited and Amsamay Limited.

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In a 25-count allegation, she was accused of neglecting to report Tsami Babi Resources Limited’s activities, allowing transfers of over N100 billion into the company’s account with a new generation bank, in breach of her duties as a director of a designated non-financial corporation.

In a second 12-count allegation, Saadatu Ramallan-Yaro and M.A.Y. Fine Fragrance Limited, a designated non-financial institution, are accused of money laundering to the tune of N40 billion.

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Shettima becomes 1st VP to lead Nigeria’s delegation to UN Assembly in 25 yrs

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President Bola Ahmed Tinubu has decided not to attend the 79th United Nations General Assembly (UNGA) session in New York this year.

The president has thus directed Vice President Kashim Shettima to lead Nigeria’s delegation.

President Tinubu, who returned to the country last Sunday after his trip to China and the United Kingdom, according to a statement yesterday by his spokesman, Bayo Onanuga, wants to focus on domestic issues and address some of the country’s challenges, especially after the recent devastating flooding.

“At UNGA 79, Vice President Shettima will deliver Nigeria’s national statement to the General Assembly, attend important sideline events, and hold bilateral meetings.”

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“The high-level General Debate, with the theme ‘Leaving no one behind: Acting together for the advancement of peace, sustainable development and human dignity for present and future generations,’ will run from Tuesday, September 24, through Saturday, September 28, 2024,” the statement added.

Since return to democratic governance in 199, Shettima will be the first Vice President to Nigeria’s delegation to UNGA.

Only Goodluck Jonathan represented Nigeria as Acting president in September 2010 at the 65th UNGA, while late President Umaru Musa Yar’adua was away in Saudi Arabia due to his ill health.

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Plateau Assembly approves N5.8bn for LG election

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The Plateau State House of Assembly, on Thursday, approved N5.8bn for the conduct of the local government election in the state slated for October 9, 2024.

The approval by the House followed a communication from Governor Caleb Mutfwang, which was read at plenary by the Assembly Speaker, Gabriel Dewan.

The Speaker stated that the request was necessary as there was no budgetary allocation for the LG elections in the 2024 budget.

A member of the State Assembly, who declined to be named because he was not authorised to speak for the Assembly, confirmed the development to The PUNCH in Jos on Thursday.

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The lawmaker said, “Governor Mutfwang, at Tuesday’s plenary, sought the House’s approval for N5.7bn as the 2024 supplementary, which was increased after upward review by the legislators.”

He continued, “The House leader, Joseph Bukar, presented the bill during our plenary. While soliciting the support of members for speedy passage, he said PLASIEC was running out of time in preparation for the election.”

“In their individual contributions, Hon. Kalamu Dal suggested a downward review of the budget size, while Hon. Daniel Nanbol urged for a critical review and deliberations. Afterwards, members approved a revised sum of N5.8bn, as opposed to the N5.7bn requested.”

The increase, as explained by Bukar, was due to an increase in security allocation for the election, from N2.7m to N4.2m. “So, that is what happened, and that is where we are at the moment regarding the forthcoming LG election,” the lawmaker concluded.

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Enugu, Kwara tighten security ahead of LG polls

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Security measures have been intensified in Enugu and Kwara states ahead of their Local Government elections scheduled for Saturday, September 21, 2024.

In Enugu State, the Police Command has pledged to ensure the safety of lives and properties during the elections.

However, the peace accord signing for the elections was marred by the absence of major parties like the Peoples Democratic Party, All Progressives Congress, and Labour Party.

Only representatives from the All Progressives Grand Alliance and Accord attended but chose not to sign the accord, citing the lack of participation from the leading parties.

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Enugu State Commissioner of Police, Kanayo Uzuegbu, said all wards and flashpoints had been identified, and security personnel would be on high alert to prevent any disruptions.

The Chairman of the Enugu State Independent Electoral Commission, Prof. Chris Ngwu, said the commission was fully prepared for the elections with the support of the state government in procuring necessary materials.

In Kwara State, security agencies have been actively coordinating to ensure a smooth electoral process.

Over 3,000 personnel from the Nigeria Security and Civil Defence Corps have been deployed across the state.

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The Kwara State Independent Electoral Commission has completed arrangements for a trouble-free election.

Kwara State Police Public Relations Officer, Toun Ejire-Adeyemi, reported that a strategic meeting with heads of various security agencies, including the Nigerian Army, Navy, Air Force, and others, had been held to ensure coordinated efforts for maintaining law and order.

The Commissioner of Police, Victor Olaiya, guaranteed maximum security for the election period.

The NSCDC Commandant, Dr. Umar Mohammed, announced the deployment of 3,000 personnel to various polling units and emphasised their role in preventing violence, ballot snatching, and other disruptions.

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Meanwhile, the Chairman of the Benue State Independent Electoral Commission, Telumun Tombowua, announced on Thursday that eight political parties will participate in the upcoming LG elections in the state, scheduled for October 5, 2024.

Addressing journalists in Makurdi, Tombowua said the election would be conducted fairly and transparently.

He emphasised that the law establishing the BSIEC does not permit the use of Bimodal Voter Accreditation Machines for this election.

Regarding the APC, Tombowua confirmed that the National Working Committee of the party had requested the commission to work with the seven-man caretaker committee appointed to oversee party affairs in the state.

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He noted that while 14 parties had initially shown interest, only eight completed the necessary processes and submitted their candidates.

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