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N2.2bn Fraud: EFCC presents four witnesses against Ex-Ekiti governor, Ayo Fayose

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The Economic and Financial Crimes Commission, EFCC, on Monday, November 19th, opened its case against a former governor of Ekiti State, Ayodele Fayose, who is being prosecuted for an alleged N2.2bn fraud before Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos .

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Fayose was arraigned alongside his company, Spotless Investment Limited, on October 22, 2018 on an 11-count charge bordering on fraud and money laundering to the tune of N2.2bn.

 

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The former governor is facing trial in connection with N1.299bn and $5.3m out of the N4.65bn slush funds allegedly shared by the Office of the National Security Adviser, NSA, through a former Minister of State for Defence, Musiliu Obanikoro.

Fayose pleaded not guilty to the charges preferred against him and was granted bail in the sum of N50m with one surety in like sum. The Judge had adjourned to Monday, November 19, 2018 for the commencement of trial.

In the course of the sitting, a prosecution witness, Lawrence Akande, told the court that one Abiodun Agbele informed him sometime in June 2014 that he had about N1.2 billion cash lodgement to make in Akure,Ondo State.

Akande, an employee of Zenith Bank Plc in charge of South West comprising Ogun, Oyo and Osun States, further told the court that he subsequently received a call from the first defendant in respect of the same issue earlier discussed with him by Agbele.

“Since the lodgement was in Akure, I had to call my colleague there to follow up on it. This is all I know about it, ” he added.

When asked if he knew about the company, Spotless Investment Limited, Akande, who was led in evidence by the prosecution counsel, Rotimi Jacobs, SAN, stated that it was one of his bank’s customers at the Dugbe branch.

When he was shown the account opening document of Spotless Nigeria Limited, De Privateer Limited and Still Earth Limited as well as account document of the first defendant, the witness confirmed the documents. They were tendered and admitted in evidence as exhibita A-D by the court.

When asked where the account of the first defendant was domiciled, he said: ” It is not domiciled within my domain. “But from the documents before me here, I can see Apapa”, he said.

Asked to state if the People’s Democratic Party, PDP, maintained an account with his bank, the witness said so many parties, including PDP, had accounts with his bank.

Under cross-examination by counsel to the first defendant, Kanu Agabi, SAN, the witness told the court that he made statements to the EFCC on June 6, 2016. He, however, said that he did not mention the first defendant in his earlier statement. “I only mentioned him in my subsequent statements to the EFCC ,” he added.

When the defence counsel told him that his evidence was based on what he was told by his colleague, whom he said handled the transactions in Akure, he responded that “I was told how the cash was processed.”

He also stated that he had sought patronage by the first defendant for opening of government account with his bank in line with his responsibility of looking for deposits.

During cross-examination by counsel to the second defendant, Olalekan Ojo, SAN, Akande confirmed to the court that a person who is not a signatory to an account cannot make withdrawals from such account.

“There are withdrawal limits in every account and where withdrawals are to be made above the stipulated limits, it is reported to the Nigeria Financial Intelligence Unit (NFIU) to investigate such transaction,” he further stated.

When asked if his bank ever lodged any report of suspicious transactions on the various company accounts, he said: “We had no reason to do so.”

Also, when asked if he told the EFCC that before the account opening of De Privateer, the sum of N200 million was lodged in the account, he answered in the affirmative.

When asked if he was aware that the PDP organised a fund raiser before the election and that political parties do organise fund raising, the witness said, ” It is not impossible. But I don’t know.”

Akande, who confirmed that he had not had any dealing with the account of the second defendant, also told the court that the CCTV installed in the bank usually captures customers making lodgements in the bank, except it is faulty.

A second prosecution witness, Abiodun Oshodi, who is the Zonal Head of the bank covering South West 2 comprising Ondo, Kwara and Ekiti, recalled some developments in 2014 in relation to the case, saying, “I received a call from my colleague (Akande) that Agbele would be coming to make some lodgments and that I should organise a bullion van. I waited for Agbele who arrived with one Sadiku and some escorts. Senator Musiliu Obanikoro, the then Minister of State for Defence, and his aide, also accompanied them. As soon as the aircraft arrived, I moved with the bullion van towards the plane to evacuate the money.

“The total sum amounted to N1.2 billion. They were lodged into accounts supplied by Agbele. Others include Spotless Nigeria Limited, De Privateer Limited as well as personal account of former governor, Fayose. Some cash were taken to Ado-Ekiti.”

When asked to look at the deposits in the account of Spotless Limited from June 17 to Aug 4, 2014, Oshodi, who also supervises all branches in the three localities, told the court that there was a lodgment of N100 million on June 17. On June 23, there was a cash lodgement of N49 milion. On June 24, there was a cash lodgement of N200,000 while on August 4, there was a cash lodgement of N40 million.

“On same August 4, there were also cash lodgements in the sums of N35 million, N35 million, N24 million, N20 million and N14 million respectively,” he added.

The witness told the court that Agbele made the deposit on June 17.

He, however, said that from the statement before him, the depositor’s name on August 4 was given as Ayo.

A third prosecution witness, Olaitan Fajuyitan, a banker in Diamond Bank, told the court about the involvement of the bank in the transaction, saying , “We received payment instructions on June 16, 2014 to pay cash of N1.2bn. We then moved the funds to CITS account. On the same process on June 17, 2014, we paid N200 millon.”

The account details, account statement and instructions were tendered and admitted as exhibit E.

He confirmed to court that the money was legitimate, since it was received from the Office of the National Security Adviser NSA, through the Central Bank of Nigeria, CBN.

PW3 mentioned the beneficiaries of disbursement funds as: Santuraki Bello( N200m); Yusuf Ulama (N120m); Chmenun Injoku( N250m); Josaha Moses( N250m); Abubaka Sodiq Zanna (N200m) and Franklin Tolani (N150m), respectively.

Also, the fourth prosecution witness, PW4, Damola Otuyemo, Head, Cash in Transit in Service, Diamond Bank, said his duties involved evacuating cash from a bank that has surplus and supplying banks that do not have enough.

He said on June 16, 2014, his Director, Premier Oiwoh, informed him that they needed to pay a sum of N1.2bn cash to a customer, and that he should get the cash ready.

He said because the beneficiaries were not available to pay the cash to, he was told by his Director to move the cash to the airport.

He said: “We had to contact a company that operates bullion vans and moved the cash to the Muritala Muhammed Airport, Ikeja, Lagos .

“On getting to the Airport, we could not have access to enter. So, my Director spoke to Gbolahan Obanikoro, who was described as the person that could help us to proccess the pass. He did and we then entered. After, this Musilu Obanikoro was phoned and the cash was handed over to him. Obanikoro told me not to evacute the cash because it had to be loaded in aircraft”, he said

Giving further evidence, he said: ” The whole cash was moved into the aircraft and they left the airport.

“We did not see the six beneficiaries. We released the cash to Mr Musilu Obanikoro, having been identified by my Director. It was Obanikoro who signed for the money. On June 17, 2014, my Director called me and instructed that I pay a sum of N200m to Malik Bauchi. He said we should waive identification.

“But because the amount was too much, we did not waive the identification, and the money was paid to Obanikoro. They used a cash bag called “jumbo bags” to pack N1.2bn and Ghana- must-go bags to pack N200m. The cash was handed over to Musliu Obanikoro”.

Justice Olatoregun adjourned the matter to January 21 and 28, 2019 for continuation of trial.

 

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Nigeria: The Changing Governance Story

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Nigeria: The Changing Governance Story

Today, however, Nigeria is home to the largest single-train refinery in the world, with the capacity to process 650,000 barrels of crude per day

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Nigeria: The Changing Governance Story

 

 

 

 

 

 

 

By Temitope Ajayi

 

 

 

 

 

 

 

Sahara Weekly Reports That Tracking many stories of remarkable progress currently taking place in Nigeria can be a challenging task. This is so because these important stories are lost to some who daily indulge in the cacophony of adverse reports. These negative news often dominates the headlines.

 

 

 

 

Nigeria: The Changing Governance Story

 

 

 

 

 

With a 24-hour news cycle that tends to focus mainly on distasteful narratives, several Nigerians have been made to accept the view that nothing good is happening in their country.

Those who rely on the mainstream media and social media as the only sources of news and information they consume are the worst hit by the cycle of misinformation that portrays our country as descending rapidly to the edge of the precipice. However, the reality is different: the country is making progress in leaps and bounds.

 

 

 

 

 

 

Late Swedish physician and Professor of International Health at Karolinska Institute, Hans Rosling, his son, Ola Rosling, and daughter-in-law, Anna Rosling, extensively dwell on this subject in “Factfulness: Ten Reasons We’re Wrong About the World – and Why Things Are Better Than You Think,” a book published in 2018. In the book, the authors demonstrate that most people are made to hold the wrong notion about the state of the world because the media project data, analyse trends and select stories to make people assume that things are getting worse around them. The authors assert that a majority of people view the world as poorer, less healthy, and a more dangerous place to live in than it actually is. In other words, many people believe they are living in a worse period in the history of mankind because of misinformation.

 

The same situation the Roslings describe in their book is at play in Nigeria, where individuals, interest groups, activists, analysts, self-serving politicians, and opposition elements constantly project and amplify negative stories.

It is as if we are in a race with those who can say the most horrible things about our country. Yet, we have an abundance of good stories to tell the world. We seem so numb to the good news that we are dismissive of breakthroughs and innovative trends. For instance, we downplay the significance of Dangote Petroleum Refinery and its possibilities to reflate the economy.

 

Many people forgot so soon that we had been importing petroleum products for over three decades because the state-owned refineries are moribund. Our national economy bled, and the country was in a fiscal cul-de-sac for those years as a result of subsidy payments on petroleum products.

 

Today, however, Nigeria is home to the largest single-train refinery in the world, with the capacity to process 650,000 barrels of crude per day. Cynics do not see this as a breakthrough.

 

Nigerians who are 60 years old and below started seeing modern rail infrastructure in 2016 when the All Progressives Congress-led administration of former President Muhammadu Buhari commissioned the standard gauge rail system, beginning with the Abuja-Kaduna route, later Lagos-Ibadan and then the Warri-Itakpe.

 

The national rail modernisation project is progressing with Kano-Katsina-Maradi and Kano-Kaduna standard gauge rail projects at different stages of completion. The contractor working on the rehabilitation of the Port Harcourt-Maiduguri narrow gauge recently announced the completion of the Port Harcourt-Aba section. While the Federal Government is rallying stakeholders to promote economic integration across the country, the Lagos State Government recently launched two metro rail lines -Blue and Red Rail lines – as part of the state’s elaborate master plan to build a modern and efficient megacity. Like Lagos State, there are visible signs of remarkable, quantifiable progress in several other states, including Kaduna, Kano, Akwa-Ibom, Rivers, Kebbi, Borno, Gombe, Oyo, Ekiti and Ogun, among others.

 

A few weeks ago, the President Bola Tinubu-led administration embarked on the construction of the 700 kilometres Lagos-Calabar Coastal Highway that will connect nine coastal states in another bold move to bolster economic growth further and open up the country to productive economic activities.

 

While it may be very easy for critics and other armchair analysts to ignore these developments and their significance to remaking Nigeria, there is no gainsaying that these projects and many more that are ongoing or about to be instituted across critical sectors are the core of President Tinubu’s Renewed Hope Agenda. Indeed, it is hard to process why the so-called critics and cynics can not see the Lagos-Calabar Highway project as a clear demonstration of the President’s commitment to harnessing the potential of our renascent Blue Economy.

 

Despite what is bandied by the most vociferous critics

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Wike’s Loyalist Nwanosike Leads Thugs To Disrupt PDP NEC Meeting

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Wike’s Loyalist Nwanosike Leads Thugs To Disrupt PDP NEC Meeting

 

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Samuel Nwanosike, the chairperson of Ikwerre Local Government Area of Rivers State, Thursday, reportedly led thugs to disrupt the National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP) in Abuja.

Nwanosike, who is the chairman of Ikwerre Local Government Area of Rivers State, is a loyalist of Nyesom Wike, the Minister of the Federal Capital Territory.

Among many other things, a potential sanction for Wike was expected to take the front burner at the party’s NEC meeting over allegations of anti-party activities.

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However, Nwanosike reportedly tried to force his way into the venue and came along with hoodlums. His intent, it was gathered, was to create chaos and halt resolutions by the NEC.

 

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APC Vanguard condemns purported sacking of Ganduje as attempted civilian coup …recommends full investigation

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APC Vanguard condemns purported sacking of Ganduje as attempted civilian coup ...recommends full investigation

APC Vanguard condemns purported sacking of Ganduje as attempted civilian coup
…recommends full investigation

 

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A political interest group in the All Progressives Congress (APC) has condemned the purported sacking of the National Chairman of the party, Alhaji Umar Ganduje.

The group under the umbrella of APC National Vanguard described the sacking as a political coup orchestrated by desperate individuals outside the party who are envious, and felt threatened by Ganduje’s rising profile.

It said that the attempt to sack Ganduje as the National Chairman of the APC is a direct assault on the democratic principles and what the party stands for.

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The group said: “We understand that such calls and attempt to illegally sack the chairman can only be contemplated by anti-democratic forces and those who seek the fall of the APC party.

“It is most unfortunate that they are hiding behind the façade of being democrats when in reality they abhor the very tenets of democracy, which is why they are keen on using crude tactics to cause disarray, and unsettlement within our prestigious party.

“We warn those outside the APC party who desperately want to rejoin the party to do so in the most honorable and civilized manner. Resorting to devilish, demonic, and dubious means to achieve their goals is not only unacceptable but also undermines the principles of democracy and fair play.

“It Is a clear violation of our party’s constitution and an affront to the democratic principles upon which our great nation is built. We stand firmly behind Alhaji Ganduje and affirm our unwavering support for his leadership.

“His dedication, integrity, and commitment to the ideals of the APC have been instrumental in our party’s success and growth. His Excellency, Alhaji Umar Ganduje, has been an exemplary leader within the All Progressives Congress.

“Under his leadership, the party has made significant strides in advancing its agenda, promoting good governance, and delivering on its promises to the Nigerian people. His rising profile is a testament to his dedication, hard work, and commitment to the party’s ideals.”

The group called on Governor Abba Kabir Yusuf of Kano State to call his dogs to order. It said: For those that have hired themselves out as mercenaries to threaten Nigeria’s democracy and causing strife within our noble party, you should be ready to face the sword of justice soonest.

“The governor needs to understand that oppression of the weak is the bane of Justice and Democracy in any country. We implore him to step down if he has nothing in his head other than witch-hunting, and playing divisive politics in Kano State.

“He should hand over government to a competent hands if he’s not ready to embrace following due process of justice, other than using rascality, impersonation, and manipulative tactics to fight opposition.

“We call on all members of the APC, at all levels, to rally together in support of Alhaji Umar Ganduje and to condemn this act of political sabotage.

“Our unity and solidarity are paramount in these challenging times. It is only by standing together, hand in hand, that we can overcome any attempts to divide and weaken us.

“In conclusion, we reiterate our condemnation of the purported sack of His Excellency, Alhaji Umar Ganduje, as the National Chairman of the APC. We expose the legal loophole in the alleged suspension, highlighting the fact that those who addressed the press conference are not card-carrying members of our party.

“Which in regards of this revelation makes the purported suspension null and void, and would have no any effect on the National Chairman.

“We further express our happiness at the good news that, the Ward and Local Government Executives having identified the persons involved in this unfortunate situation, have already prepared to charge them to court for impersonation and calculated attempt to embarrass and dent the image of the Party and that of the National Chairman.

“We also issue a stern warning to those outside the APC who seek to rejoin the party, urging them to do so in a manner that upholds honor, civility, and the democratic values we hold dear.”

 

APC Vanguard condemns purported sacking of Ganduje as attempted civilian coup
...recommends full investigation

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