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Nigeria’s system allows fraud to flourish – EFCC boss

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The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has said “Nigerians are good people”, but the problem is that the country operates “a system that allows fraud to flourish.”

This is as Olukoyede stressed the need for public officeholders to uphold transparency and accountability in the conduct of affairs in the country.

Olukoyede, who spoke when a delegation of the NDDC management, led by its Managing Director, Dr Samuel Ogbuku, paid him a courtesy visit at the EFCC’s headquarters in Abuja, said that he was impressed by the “Rewind to Rebirth” initiative of the Commission.

This was contained in a statement issued in Port Harcourt on Friday by the NDDC Corporate Affairs Director, Seledi Thompson-Wakama, sent to newsmen.

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The statement quoted the EFCC chairman, saying, “The five minutes of interaction with the MD left me with a different perception of NDDC. I want to congratulate and also thank you for your readiness and commitment to bring change. Maybe, we will begin to see an NDDC that is a symbol of pride, accountability, transparency and able to deliver on its mandate.

“That is what the NDDC should stand for and I want to thank you for bringing that to the table. From his presentation, you can see that he is somebody who is ready to bring a change, and that is the exact thing that we stand for in EFCC.

“It is possible for us to build a system of accountability, transparency and integrity in Nigeria.”

Olukoyede used the occasion to urge all public officeholders to uphold probity, transparency and accountability in the management of the finances they hold in trust for the public knowing that a day of reckoning would come.

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He said: “Always have it at the back of your mind that while you are on this side today, you might be on the other side tomorrow. Let it be the guiding principle for those in positions of trust in everything they do.

“That has always been my own guiding principle because you will not be there forever. You can protect certain things today, but if you leave, you will discover that the person closest to you, maybe someone who benefitted from you, would be the one to expose you.”

He also said, “Fundamentally, Nigerians are good people. The only problem that we have is the system that we operate; a system that allows fraud to flourish. But if you take the same Nigerian who is corrupt in our system to an environment with strict regulatory compliance and structures, you will discover that he will behave.”

The EFCC boss assured that the Commission would continue to do its job with determination and courage, noting: “We are not going to compromise. We have been called names and maligned but we are resolute. We are moving forward because somebody has to do this job and we will do it and deliver.

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“I told Nigerians upon my assumption of office that we are going to use the instrumentality of the anti-corruption fight to build the economy and ensure good governance.”

Olukoyede assured that the EFCC would continue to assist the NDDC to achieve its mandate.

“We have been working with you to make recoveries, we will continue to do more.

“The collaboration is something we need to take to the next level, and with what you have put on the table I think we are ready to work with you to strengthen your systems and processes and to take the NDDC to the next level,” he said.

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Speaking earlier, the NDDC Chief Executive Officer, Dr Ofbuku, explained that the visit to EFCC headquarters was in appreciation of the financial recoveries the Commission made on behalf of the NDDC, which he said had helped in developing the Niger Delta region.

He said: “We want, as a management, to thank the EFCC for supporting the NDDC to make the recoveries that have helped the region and the Commission. Mr Chairman, this is to let you know that the NDDC is investing the recoveries in projects.

“At a point, we will invite the EFCC to join us in commissioning some of those projects. It will be a sign that the recoveries made by the EFCC are used to support the development of the Niger Delta.”

Ogbuku said further: “Apart from thanking you, we also came to let you know what the NDDC has been doing so far. Many people had a very dark impression of the NDDC but we thought that we should look forward and not backward.

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“So, we came up with the policy of rewind to rebirth, because we just have to go back a little to see where we started and what we needed to do in future. We went back to our books and interacted with previous management to know where things went wrong. One of the areas that we have to rebirth the NDDC was in the area of transparency.”

He sued for enhanced collaboration between NDDC and EFCC, observing: “We believe that further collaboration with the EFCC in the area of technical support will further strengthen us as a Commission and guide us in our operations. I also want to use this opportunity to plead with Mr Chairman that before our corporate governance performances and SOP (Standard Operating Procedure) are passed, you should delegate some of your officers to look at the documents and probably make your input in areas where you think you can further contribute in strengthening us as an organisation.”

He also pleaded for further technical support in the area of training finance staff of the NDDC in financial management.

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IPMAN vows to begin strike over N100bn unpaid claims by next week Monday

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By Kayode Sanni-Arewa

The Independent Petroleum Marketers Association of Nigeria has vowed to begin nationwide strike next week Monday if N100billion claims remain unpaid.

The association issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to fulfil the payment of bridging claims amounting to N100bn.

The association threatened to withdraw services if the amount was not paid to them before the deadline.

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This move follows the NMDPRA’s failure to clear the debt, despite promises made 40 days ago in the presence of the National Security Adviser, Nuhu Ribadu. If unresolved, the situation could lead to a nationwide scarcity of Premium Motor Spirit nationwide.

The Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, disclosed this during a press conference in Abuja on Monday.

Reading a communique, Alhasan expressed frustration over the NMDPRA’s failure to settle the bridging claims, despite repeated assurances.

The claims, which date back to 2024, were deducted from marketers’ payments for products to settle bridging allowances.

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Alhasan said, “If NMDPRA doesn’t pay our money within seven days, we are going to withdraw our services across the nation.”

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Alleged Money Laundering: Bello’s Name Missing On Property Documents, EFCC Witness Tells Court

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….Case Adjourned To March 6, 7

By Kayode Sanni-Arewa

The Federal High Court, Abuja, on Monday, adjourned the money laundering case instituted by the Economic and Financial Crimes Commission against the immediate past Governor of Kogi State, Yahaya Bello, to March 6 and 7, 2025, for continuation of trial.

The court adjourned after the prosecution counsel, Kemi Pinheiro, SAN, called his two witnesses, one on subpoena.

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When Pinheiro, SAN, called the first witness, Segun Joseph Adeleke, the Defendant’s Counsel, Joseph Daudu, SAN, objected, saying that the witness’ name was not included in the initial list of witnesses provided by the prosecution.

This, he said, could affect his cross-examination.

The trial, however, proceeded and the witness, who identified himself as the General Manager of Efab Properties Limited, was asked to tell the court what he knows about a property on 1, Ikogosi Road, Maitama and another one in Gwarinpa.

Adeleke told the court that the name of the former governor did not reflect on any of the two properties being examined on Monday and that he did not sight him throughout the transactions.

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Giving an account of what transpired, he said sometime in 2020, his chairman, Chief Fabian Nwora, introduced him to a young man called Shehu Bello and that they had a discussion concerning the purchase of the property.

“We had a discussion concerning the purchase of the property in question. And he told me that the young man would be coming back to make payment for the property at an agreed price of N550 million,” he said.

When asked if he had seen Shehu Bello since that day, he said, “I saw him three times. The first time was for introduction, the second time for payment and the third time was when he brought a legal document for the execution of the EFAB property.”

The EFCC lawyer then mentioned another property at 5th Avenue in Gwarinpa and told the witness to tell the court what he knows about it.

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Responding, the witness said the property was purchased by one Nuhu Mohammed for N70 million and was paid for through a bank transfer.

He was asked if he remembered which bank the money came from, but he said no.

On cross-examination, the defendant’s counsel, Daudu, SAN, asked if the witness’ actions were purely based on the instructions of his chairman. He responded, “Yes.”

The counsel further asked whether it was correct to say that he did not initiate any discussion with Shehu Bello on his own, to which he also answered, “Yes.”

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On the documents signed for the transactions, the Defendant’s Counsel asked the witness if he could confirm that Shehu Bello signed his own part in his presence.

“He did not my Lord,” he answered.

Daudu, SAN, also asked: “Throughout this transaction, did you set eye on the defendant?”

“Not at anytime in the course of this transaction,” the witness responded.

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He was also asked if the name of the defendant appeared anywhere on the documents he said were with the EFCC.He, again, answered, “no!”

The Prosecution then told the court that they had another witness to call, on subpoena.

The Defendant’s Counsel objected that they were being taken by surprise but added that he had no intention of stalling the trial.

The second witness identified herself as Williams Abimbola, a compliance officer with the United Bank for Africa Plc (UBA).

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She had the subpoena with her, which the lawyer sought to tender as evidence.

The Defendant’s counsel had no objection and it was marked “Exhibit 1”.

The witness read out the documents the subpoena asked for to include the statement of account of Kogi State Government House, from January 1, 2016 to January 31, 2024.

The statements of account of Maselina Njoku, from January 1 to December 31, 2022, were also admitted in evidence, including the account opening packages of American International School and statements of accounts, from September 1 to September 30, 2020.

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Justice Emeka Nwite then adjourned to March 6 and 7, 2025 for continuation of trial.

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Aiyedatiwa sworn in as Ondo State Governor

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By Kayode Sanni-Arewa

Lucky Aiyedatiwa has been inaugurated as the governor of Ondo State, marking the beginning of his first full four-year term after replacing Governor Rotimi Akeredolu who died in office in 2023.

The ceremony took place on Monday at the Ondo State Sports Complex in Akure, the state capital, two months after he won the governorship election on the platform of the All Progressives Congress (APC).

Aiyedatiwa took his oath of office just after his running mate Olayide Adelami around 12:59 pm.

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The governor thereafter rode in an open van around the complex, waving to cheers from supporters.

Road to Alagbaka

The inauguration completes the succession process in the Sunshine State, with Aiyedatiwa expected to head the next administration which will lead the state in the next four years.

To arrive here, Aiyedatiwa had to overcome a stiff competition from another former deputy governor of the state, Agboola Ajayi, who contested against him on the platform of the Peoples Democratic Party (PDP).

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Aiyedatiwa’s stay at the Government House in Alagbaka, Akure, was extended when he was declared winner of the November 16, 2024 governorship election by the Returning Officer, Olayemi Akinwumi, who is also the Vice-Chancellor of the Federal University, Lokoja, Kogi State.

The APC candidate polled 366,781 votes to defeat his closest rival Ajayi, who scored 117,845 votes, more than twice lower than Aiyedatiwa.

The final results showed that the APC won the election in a landslide, clearing all 18 local government areas.

A former deputy governor, Aiyedatiwa ascended to power on December 27th, 2023 after Governor Rotimi Akeredolu’s death.

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Akeredolu died after a lengthy battle with illness and had before his demise transmitted power to Aiyedatiwa.

He, thereafter, won the APC’s ticket for the 2024 governorship election in Ondo, pitting him against 17 other candidates including Ajayi who was also a former deputy to Akeredolu during his first term in office.

Credit: ChannelsTV

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