•Presidency rules out soft landing for Lawal, Oke
•Searchlight to be beamed on all linked private, public officials
•Osinbajo panel opts for closed sessions
•Committee may not summon Jonathan

A former boss of the National Petroleum Investment Management Services (NAPIMS) may have some questions to answer from the Presidential Investigative Panel on the $289 million allegedly withdrawn from the company’s accounts ostensibly for national security.

NAPIMS is a subsidiary of the Nigerian National Petroleum Corporation (NNPC).

The investigative panel, headed by Vice President Yemi Osinbajo, is currently probing the $43.4million haul made recently from the Orborne Towers, Ikoyi, Lagos, and the N200m curious contract awarded by the Presidential Initiative on the North-East.

The erstwhile NAPIMS boss, said to be a kinsman of ex-President Goodluck Jonathan, was in charge of the company when the huge withdrawal was made during the last political dispensation.

The Ikoyi cash is believed to be part of the leftover of the NAPIMS funds.

But he won’t be the only to face the panel.

The committee said yesterday that it will invite “all relevant officials and private individuals who may be connected to both cases.”

For now, it is unlikely that Dr. Jonathan will be summoned by the committee, contrary to widespread speculations.

Media reports had suggested that Jonathan gave the go ahead for the release of the $289 million to the NIA and other security agencies from the account of NAPIMS.

It was also gathered yesterday that there will be no soft handling of anyone implicated in the $43.4million haul and the N200m contract award.

Two top government officials – Secretary to the Government of the Federation, Babachir Lawal and the Director-General of the National Intelligence Agency (NIA), Ambassador Ayo Oke – were sent home last Wednesday over their suspected involvement in the matters.

President Muhammadu Buhari is understood to have told the investigative panel not to spare the rod or give soft landing to anyone found wanting.

Buhari demanded a thorough job no matter whose ox is gored, sources told The Nation.

The panel announced yesterday that its assignment will take place behind closed doors to avoid speculations and distractions.

Sources told The Nation that Buhari’s instruction to the Osinbajo Committee is straight forward.

“The President directed that there should be no cover up for anybody no matter how highly placed. He said there will be no soft landing for the suspended officials or any official or anyone closer to him who is involved,” a highly placed source said.

“And Buhari demonstrated this on Wednesday when the affected officials were suspended. Before the announcement was made, SGF Babachir Lawal earlier wanted to see him but he sent a message to him to go and see the Vice President.

“As a matter of fact, he had expected that one of the two suspended officials would have resigned given overwhelming public opprobrium on the allegations against him but he refused. “The President then decided that he cannot be bearing the burden of anyone.

“So, this committee is not the Kangaroo type or a soft landing panel to save anybody.”

The committee yesterday shed light on its mode of operation.

It said its sessions will be closed to the public to avoid speculations and distractions.

The committee made the clarifications through a statement by the Senior Special Assistant on Media & Publicity to the President (Office of the Vice President), Mr. Laolu Akande.

It said: “The Presidential Committee ordered earlier this week by President Muhammadu Buhari to probe certain allegations against the Secretary to the Government of the Federation, Engineer Babachir Lawal, and the Director-General of the National Intelligence Agency, NIA, Mr. Ayo Oke has commenced its work in earnest.

“President Buhari on Wednesday established the three-man panel headed by Vice President Yemi Osinbajo, SAN, with Attorney-General & Justice Minister, Abubakar Malami and National Security Adviser, Rtd Major General Babagana Monguno as members, to investigate allegations of legal and due process violations made against the Secretary to the Government of the Federation, SGF and the discovery of large amounts of foreign and local currencies by the Economic and Financial Crimes Commission(EFCC) in a residential apartment in Ikoyi, Lagos.

“In the discharge of its work, the panel is expected to invite all relevant officials and private individuals who may be connected to both cases.

“It will also obtain and scrutinize documents that may throw some light on the issues raised in both cases. All its proceedings will however be in closed sessions to avoid speculations, allow for full disclosure and enhance the pace of proceedings.

“The panel which is expected to submit its report to the President at the expiration of the 14-day deadline, will conduct its work with utmost diligence and without fear or favour.”

Investigation confirmed last night that ex-President Jonathan might not be summoned by the Osinbajo Panel.

On the alleged huge withdrawal of funds from the account of NAPIMS termed Special Intervention Funds for the NIA,the source said: “”Since Jonathan’s kinsman was in charge of NAPIMS, it was convenient for the former administration to withdraw some funds from the account of the agency.

“Apart from NIA, some security agencies and offices benefitted from the Special Intervention Funds.

“The Presidential Investigative Committee may interact with a former Group General Manager and some select officials of NAPIMS who disbursed the Special Intervention Funds.”

A separate source said:”There are so many documents, EFCC investigative report, Senate Committee report and public officers involved in some of the projects or activities and funds being probed.

“The committee is unlikely to summon ex-President Jonathan. He is actually not on our radar. Let each public official carry his or her own cross.”

The three-man committee is expected to:

Enquire into the circumstances in which the NIA came into possession of the funds,
how and by whose or which authority the funds were made available to the NIA,
and to establish whether or not there has been a breach of the law or security procedure in obtaining custody and use of the funds.”

http://thenationonlineng.net/jonathans-kinsman-trouble-289m-special-votes-nia/

The Drama.


The erstwhile NAPIMS boss, said to be a kinsman of ex-President Goodluck Jonathan, was in charge of the company when the huge withdrawal was made during the last political dispensation.

I have issues with this part of the post OP, Dafe Stephen ex-GGM NAPIMS was never related to Jonathan and was the most qualified individual for that job.

He's corrupt maybe but not a kinsman let's stop this subtle attempt at calling all dogs mad because of one with rabies.

Let the investigation continue, there are more to this case than that meet the eyes.

GEJ the father of modern day corruption

xstry:
GEJ the father of modern day corruption

Wetin dis one dey talk?

Where Saint Buhari carry money from to contest election four times?

All na thief dem be,
But na only thief were dem catch were dem dey call thief

xstry:
GEJ the father of modern day corruption

for ur own good read my signature

They are still trying hard to continue the media circus to divert our attention from the glaring hardship being faces by most common men in Nigeria and the unstoppable Fulani mayhem across the country.

hungryboy:
Wetin dis one dey talk?

Where Saint Buhari carry money from to contest election four times?

All na thief dem be,
But na only thief were dem catch were dem dey call thief

I been wan reply you but I check your siggy, hope you don chop?

Witch-hunting, let them quntinue.

As usual, twist and turn every corruption story and allegation into a GEJ and family affair which morons will swallow hook line and sinker... Make dem dey deceive d ppl dey want to deceive. What happened to all d previous Jonathan's family allegations? Every day same shit, jus different shithole...

unclezuma:
The Drama.


The erstwhile NAPIMS boss, said to be a kinsman of ex-President Goodluck Jonathan, was in charge of the company when the huge withdrawal was made during the last political dispensation.

I have issues with this part of the post OP, Dafe Stephen ex-GGM NAPIMS was never related to Jonathan and was the most qualified individual for that job.

He's corrupt maybe but not a kinsman let's stop this subtle attempt at calling all dogs mad because of one with rabies.

Dafe Sejebor is corruption personified. His antics while at NGC are legendary

bulletproofmonk:


Dafe Sejebor is corruption personified. His antics while at NGC are legendary

Then let him face the music with commiserate proof.

Look at these foolish BMC.... trying to divert attention from your cluelessly mad president by mentioning Jonathan again....

Buhari is a woeful failure... deal with it.... Jonathan is miles ahead of him bar the money looting aspect till when Buhari's tenure is over..

Mention one area Buhari government is doing better than what Jonathan govt did....

Nigerian politicians are all thieves
Be it APC or PDP
The masses should come together and call for restructuring of the country before it's too late
Nothing is working

Let's us stop defending thieves and those who toy with our future

The management and board of Nigeria”s foremost bank, First Bank, have a lot of explanation to do to the Nigerian and global audience particularly their customers over alleged underground financial recklessness going on in the bank in which top management and board members have been fingered as masterminds.

The full details of the dealings contained in a petition by a human rights group obtained by thegazellenews.com revealed that about N50 billion was involved in the spurious loan deals which revolves around the top management and board members of the bank.
The petition, by the Social and Economic Rights Derivatives Centre, thegazellenews.com can revealed, has been forwarded to various agencies, institutions and top government officials in the banking sector for action and investigation.

The petition signed by the Executive Director of the group, Comrade John Eyinayya and dated April 12, 2017, has been forwarded to the following:
The Economic and Financial Crimes Commission (EFCC)
The Governor of the Central Bank of Nigeria (CBN)
The President of the Senate,.Senator Bukola Saraki
The Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara
The Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibraheem
The Chairman of the Presidential Committee on Corruption, Professor Itse Sagay.

A copy of the petition currently in possession of thegazellenews.com, the Social and Economic Rights Derivatives Centre is asking the aforementioned bodies to investigate the Chairman of the FBN Holdings Plc, Mr Ayoola Oba Otudeko; former Group Managing Director of the bank, Dr Bisi Onasanya; and former Chairman of First Bank, Prince Ajibola Afonja over alleged “financial recklesness and dangerous insider deals”.
In the petition, the human rights group wants the Group Chairman of the FBN Holdings Plc, Mr Ayoola Oba Otudeko investigated alongside with the management of First Bank for allegedly collecting N29 billion from the bank through FBN Trustees and having the said loan curiously and dubiously written off without the knowledge and consent of the bank’s shareholders.
Thegazellenews.com also gathered through the petition that Otudeko also took a N9 billion Sun Trust credit line from First Bank without following due process.

It was also alleged that an unspecified huge billions of naira was allegedly siphoned from the bank through a company named Sinod Petroleum while the sums of N4.82 billion and N4.7 billion were suspiciously and dubiously released to Broadwaters Resources Limited and Nujutek Nigeria Limited respectively without due process. In her internal audit report, the Client Audit Executive of the bank, Uduak N. Udoh, submitted thus:
“The term loan of N4.7 billion approved in August 2015 but disbursed to Nujutek Nigeria Limited in October 2105 purportedly to commence Terminal Shipping Operations and Logistics was packaged and approved without proper credit analysis and due process.
“The facility was purposefully arranged to pay down the facility of N4.82 billion, packaged in the name of Broadwaters Resources Limited in February 2015.

The approval process and grid for this earlier loan was also intentionally circumvented by top management staff of the bank”.
Apart from Otudeko, other top former and current staff fingered in the huge loan scam are:
Bisi Onasanya, former GMD/CEO with staff number 013946
Abiodun Odubola, former Executive Director of the bank with staff number 023687
Cecilia Majekodunmi, ex-General Manager with staff number 007240
Omolade O Olawore, former Deputy General Manager and ex-Head, Credit Risk Management Department with staff number 019379
Olayemi O Agboola, Deputy Manager, Credit Analysis and Processing Department with staff number 019368
Nwanguma Olufunmilayo, Assistant General Manager and former Group Head, CBMG, Lagos Island with staff number 026562
Nduka U Dike, Manager who is the Business Manager of CBMG, Marina Lagos with staff number 025515 and
Idode Stephen Ikhazuagbe, Relationship Manager, CBMG, Marina Lagos with staff number 026536.

The petitioners viewed the underground financial dealings going on in First Bank as a big threat to the development and growth of the nation’s economy hence the need d it to be properly investigated with perpetrators made to face the wrath of the law.


https://breaking.com.ng/nigeria/exclusive-n48b-loan-fraud-rocks-first-bank-how-otudekos-n29b-loan-was-written-off-without-due-process-other-details/

cc lalasticlala