Connect with us
Advertisment

Business

Inspector General of Police, Ibrahim Idris sues the Senate, Bukola Saraki over fraud allegations

Published

on

Advertisment

 

 

Advertisment

 

The Inspector-General of Police, Mr. Ibrahim Idris, on Thursday, filed a suit before the High Court of the Federal Capital Territory in Abuja, seeking an order restraining the Senate and Senate President ,Bukola Saraki from going ahead with their plan to investigate allegations of malpractices against him.

The lawmaker, representing Bauchi Central Senatorial District, Isah Misau, of the All Progressives Congress, had alleged, among others, that the IG collected about N10bn monthly from some firms and highly-placed Nigerians for giving them security cover.

Advertisement

Misau, a former police officer before being elected to the Senate, also accused Idris of granting fraudulent promotions to undeserving police operatives.

Misau, who is the Chairman, Senate Committee on Navy, had, on August 25 accused Idris of extorting money, ranging from N10m to N15m, from Commissioners of Police, State Mobile Commanders and Special Protection Units Commanders, for favourable postings.

He had argued that the level of corruption being perpetrated by Idris was so alarming and capable of undermining the anti-corruption stance of President Muhammadu Buhari.

The IG had denied these allegations while the Force Headquarters had accused Misau of leaving the force with forged retirement papers.

Idris had alleged that Misau was a deserter.

In his fundamental rights enforcement suit marked FCT/HC/CV/3158/17, the IG asked the court to declare both the Senate committee, set up to probe the allegations and the conduct of the committee as unconstitutional, null and void.

He also wants the court to make an order restraining the committee from inviting him, sitting, conducting any hearing on the allegation, discussing or making any report in respect of the planned investigation pending the determination of his suit.

Saraki had mandated the Senate Committee on Ethics, Privileges and Public Petitions to investigate the circumstances surrounding Misau’s disengagement from the Nigeria Police.

Through his team of lawyers, led by Charles Ogolu, Idris contended that the Senate President, without regard to relevant constitutional requirements in respect of the role of the Senate in investigations of allegations, set up the committee “in reaction to “these frivolous allegations” by Misau.

As part of his grounds of the suit, the IG states, “The applicant is a law-abiding citizen and has fundamental right to dignity of person under Section 34 of the Constitution of the Federal Republic of Nigeria (1999) (as amended), and Article 5 of the African Charter on Human and Peoples Rights (Ratification and Enforcement) Act.

“The applicant occupies a hallowed office as the Inspector-General of Police in Nigeria and is thus in charge of all police officers in Nigeria.

“One Senator Isa Misau, a member of the 2nd respondent (Senate), while raising a matter of urgent national importance, had sometime between September and October 2017, alleged that the applicant instituted roadblocks across Nigeria with the purpose of extorting money from unsuspecting motorists.

“The said Senator, while commenting on his motion, equally alleged that the applicant collects illegal fees by way of security protection given to corporate organisations, eminent citizens and oil companies running into billions of naira.

“The said Senator equally rained a personal attack on the person of the applicant that the applicant is having unwholesome relationship with the female officers in the force.

“Without the 1st respondent (Saraki), having regard to the relevant constitutional requirements in respect of the 2nd respondent’s role in investigations of allegations, he, in reaction to these frivolous allegations, quickly constituted a committee consisting members of the 2nd Respondent to look into the matter.”

The IGP contended that “the act of the first respondent (Saraki) in constituting the committee is ultra vires, unconstitutional, null and void.”

He added, “The said committee so constituted is acting ultra vires, unconstitutional, null and void.”

The Senate President had named the Deputy Chief Whip, Senator Francis Alimikhena, as Chairman of the panel; and senators Joshua Lidani, Binta Masi Garba, Duro Faseyi, Nelson Effiong, Obinna Ogba, Abdul-Azeez Murtala-Nyako and Suleiman Hunkuyi as members.

But the Federal Government had, on Tuesday, through the Office of the Attorney General of the Federation and Minister of Justice, filed two separate sets of charges against Misau, accusing the Senator in one set of spreading injurious falsehood against the IG.

Faulting the constitutionality of the committee set up by the Senate to investigate him, the IGP is therefore seeking, “A declaration that the committee set up by the Senate of the Federal Republic of Nigeria to investigate the allegations against Mr. Ibrahim Idris is unconstitutional, null and void.

“A declaration that the sitting and other conduct of such constituted committee to investigate the allegations against Mr. Idris are unconstitutional, null and void.

“An order restraining the Senate Committee howsoever designated from sitting, inviting Mr. Ibrahim Idris, hearing or taking a decision, against the current Inspector-General of Police, pending the determination of this suit.

“An order restraining the President of the Senate and the entire Senate from receiving and discussing any report submitted to it by the committee set up to investigate the allegation against Mr. Ibrahim Idris pending the determination of this suit.”

IG, Misau’s foreign trips frustrate Senate probe

Meanwhile, the Senate Committee on Ethics, Privileges and Public Petitions, which is investigating alleged corruption and misconduct against the IG, explained why it had delayed invitations to Idris and Misau, the IG’s accuser.

The Chairman of the Committee, Senator Sam Anyanwu, told The PUNCH on Thursday that the panel had yet to start working as both Misau and Idris had not been around to answer its invitations.

“We understand that the IG is out of the country and, of course, Senator Misau is also on his way out of the country for the IPU. We cannot take off without both parties,” Anyanwu told one of our correspondents.

It was, however, learnt on Thursday that the police boss, who was at the VII Congress on the Fight Against Kidnapping and Extortion in Cartagena, Colombia, was back in the country.

Anyanwu had exclusively told The PUNCH, on Wednesday, that the committee would continue with the probe of the police chief since neither the panel nor the Senate was joined in the suit filed by the AGF against Misau.

When Anyanwu was asked through a text message if his committee would go ahead with the investigation, as the AGF had filed a suit against Misau, he replied, “The committee or the Senate is not a party to the suit.”

Meanwhile, Misau has declined to comment on the charges filed against him by the Federal Government through the Office of the AGF.

The lawmaker neither returned calls to his two mobile lines nor replied to a message sent to him.

When contacted at his office, his legislative aide, who confirmed that the lawmaker was in, said his boss was “busy.”

The aide, after listening to one of our correspondents’ enquiries, went into Misau’s office and came out to say his boss insisted that he would not talk to the press.

Chairman of the Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi, who was asked for the chamber’s reaction to the suit filed by the Federal Government, said, “No comment.”

A member of the Senate, who declined to be named, however referred our correspondent to Orders 41(7) and 53(5) of the Senate Standing Rules, where it is stated that a matter that is pending in a court could not be treated in the chamber, while the lawmakers will continue with a case pending in the chamber before the case is taken to court.

“The truth of the matter is that we started the case first and whatever happens in the court does not concern the Senate. We are not a party to the case. Besides, if we have to stop work on every matter because it is before a court, it means an arm of government will be gagged,” the source said.

Advertisment
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

NNPC cautions motorists, others against panic buying

Published

on

NNPC cautions motorists, others against panic buying

NNPC cautions motorists, others against panic buying

 

Advertisment

The Nigerian National Petroleum Corporation (NNPC) Limited has warned motorists and the public against panic buying of Premium Motor Spirit (PMS), commonly referred to as petrol.

In a statement signed by the Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, on Tuesday, he said the corporation emphasised that the supply and distribution of petrol across the nation have witnessed significant improvements.

Advertisment

According to Soneye, NNPC officials have conducted thorough monitoring of filling stations in various states, including Lagos and the Federal Capital Territory (FCT), where the queues have notably decreased.

He reassured the public that this positive trend will continue to expand to other states in the coming days.

 

Advertisement

 

The statement reads, “The Company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

 

 

The NNPC Ltd. is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives, to address hoarding and other unwholesome practices.”

The move, according to Soneye, underscores NNPC’s commitment to ensuring a steady supply of petrol across the country and mitigating any potential disruptions in the fuel distribution chain.

 

 

Earlier, NNPCL said it has addressed concerns that surround the current scarcity of Premium Motor Spirit.

It added that the scarcity in certain regions of the country stems from logistical challenges, which have since been resolved.

Advertisment
Continue Reading

Business

Integrated System and Devices Limited Achieves IMS Certification

Published

on

Integrated System and Devices Limited Achieves IMS Certification

Integrated System and Devices Limited Achieves IMS Certification

 

Advertisment

Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018 certifications following a rigorous audit process conducted by Bureau Veritas Certification Holdings SAS-UK Branch.

 

Advertisment

 

 

In 2021, ISDL bagged the Quality management systems ISO 9001:2015, and now in 2024, with unwavering dedication to customer satisfaction, the occupational Health and Safety system ISO 45001:2018 and the Environmental management system ISO 14001:2015 have been consolidated to form an Integrated Management System.

Advertisement

 

Integrated System and Devices Limited Achieves IMS Certification

 

These certifications, covering ISDL’s headquarters and branches, signify the company’s unwavering commitment to upholding the highest standards of quality management across all facets of its operations. According to Engr. Oluseun Mabogunje, the Managing Director of ISDL, the scope of the certifications encompasses the design, procurement, supply, installation, integration, maintenance, and after-sales support of various electronic security and Extra Low Voltage (ELV) equipment.

Engr. Mabogunje expressed his elation at receiving the IMS certifications, emphasizing ISDL’s dedication to delivering exceptional quality and service to its clientele. He emphasized that this achievement underscores the company’s ongoing pursuit of continuous improvement and customer satisfaction.

ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 are internationally recognized standards for Quality, Occupational Health & Safety and Environmental management systems, emphasizing a process-based approach to meeting customer requirements and enhancing satisfaction, protecting the environment and also providing safe and healthy working conditions to prevent work-related injuries and illnesses among our employees, contractors and visitors. ISDL’s certification demonstrates its ability to consistently provide products and services that not only meet regulatory requirements but also exceed customer expectations.

Engr. Mabogunje extended profound gratitude to the workforce for their contribution to this achievement, attributing it to their team spirit and unwavering dedication to hard work, resilience and excellence. He urged the staff to continue offering top-notch services to their clients.

About Integrated System and Devices Limited (ISDL):
Integrated System & Devices Limited (ISDL), incorporated in 1988, is a leading provider of Electronic Low Voltage(ELV) and Security systems, that provides a total turnkey service for the design, supply, installation and continued effectiveness of security systems for medium and high-risk locations. ISDL has over 30 years’ history in the delivery of professional electronic security services in integration, maintenance and after sales support of various electronic security and related equipment. ISDL has her head Office in Lagos, and two branch offices in Abuja and Port Harcourt, Nigeria.

For more information about ISDL, please visit www.isdlnig.com

Advertisment
Continue Reading

Business

ZENITH BANK SHOWS CONTINUED MARKET LEADERSHIP WITH 189% GROWTH IN Q1 EARNINGS

Published

on

ZENITH BANK SHOWS CONTINUED MARKET LEADERSHIP WITH 189% GROWTH IN Q1 EARNINGS

ZENITH BANK SHOWS CONTINUED MARKET LEADERSHIP WITH 189% GROWTH IN Q1 EARNINGS

 

Advertisment

 

 

Advertisment

 

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This is despite the challenging operating environment and tightening monetary policy stance.

 

Advertisement

 

 

 

From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 3rd May 2024, this impressive growth in the topline also enhanced the bottom line, as profit before tax (PBT) rose to ₦320 billion in Q1 2024, representing an increase of 270% from the ₦87 billion reported in Q1 2023. Profit after tax (PAT) equally grew significantly by 291% from the ₦66 billion reported in Q1 2023 to ₦258 billion in the current period.

 

 

 

Interest and non-interest income contributed significantly to the growth in gross earnings. Interest income grew by 155% from the ₦192 billion reported in the quarter ended March 2023 to ₦489 billion in the period to 31 March 2024. The growth in interest income is due to the repricing of risk assets, owing to the increase in the central bank’s Monetary Policy Rate (MPR), which currently stands at 24.75%. The growth in net interest income is primarily due to the increase in fees and commissions as well as trading grains.

The Group reported an impairment charge of ₦56 billion for Q1 2024, up from ₦8 billion recorded in Q1 2023. This is attributable to significant growth in risk assets, primarily driven by the revaluation of its USD loans, which necessitated additional impairment on the bank’s foreign currency-denominated loans.

The cost of funds grew by 48% from 2.7% in Q1 2023 to 4% in Q1 2024 due to the high-interest rate environment, while interest expense increased by 157% from ₦71 billion reported in Q1 2023 to ₦182 billion in the period to March 2024. Notwithstanding the year-on-year (YoY) increase in interest expense, net interest margin (NIM) grew by 20% from 6.9% in the 3 months ended March 2023 to 8.3% in the current period ending 31 March 2024. Return on Average Equity (ROAE) and Return on Average Assets (ROAA) increased year-on-year (YoY) by 114% and 119%, respectively, due to improved profitability.

Gross loans, which are largely funded by customer deposits, grew by 30% from ₦7.1 trillion in December 2023 to ₦9.2 trillion in March 2024. Customer deposits also grew by 11% from ₦15.2 trillion in December 2023 to ₦16.8 trillion in March 2024, underpinning continued customer confidence in the Zenith brand. Total assets increased by 19% to ₦24 trillion within the same period.

The Group has consistently maintained all prudential ratios well above the minimum regulatory requirement. At the end of Q1 2024, Capital Adequacy Ratio (CAR) and Liquidity Ratio stood at 20% and 67%, respectively, demonstrating the Group’s ability to maintain a strong and liquid balance sheet.

The Group is making progress on the planned capital raise to support future growth and is very optimistic about meeting the new minimum capital requirements in line with the CBN’s recapitalisation directive. As the Group accelerates migration to its new technology architecture and also transitions into a holding company, it remains poised to maximise value for all stakeholders.

 

Advertisment
Continue Reading

Cover Of The Week

Trending