Inspector General of Police's Wife Owns Failed Bank N166. 597M - Politics - Nairaland
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| Inspector General of Police's Wife Owns Failed Bank N166. 597M by Recognise: 9:11am On Jul 25, 2009 |
[size=16pt]Failed banks: My wife owns debtor firm - Okiro[/size]  Retiring Inspector General of Police Mike Okiro Retiring Inspector General of Police Mike Okiro yesterday admitted that his wife owns the company accused of contributing to the collapse of Lead Bank by not defraying loans amounting to N167 million, but denied direct links with the company. Okiro said at a meeting with senior police officers in Abuja that the company, Hekiro Nigeria Ltd, which the Nigeria Deposit Insurance Corporation (NDIC) accused of borrowing a total of N166. 597 million between 2000 and 2001 from the now failed Lead Bank, belongs to his wife Mrs. Hera Okiro. He said his wife borrowed $1.4 million from the bank to undertake a contract secured by the company from Agip Oil Company to the tune of $2.4 million. Okiro said his wife then opened an account with the bank, which Agip agreed to pay the money into. “This was done in collaboration with the bank so that as Agip pays the contract money, the bank will recoup its money including the interest. When Lead Bank had some problem my wife opened an account with the National Bank (in liquidation) in which Agip was informed. Agip has been remitting the money into the National Bank account,” Okiro said. He said three years later Agip informed his wife that the oil company had paid the sum of $2.4 million into the National Bank account and she contacted the NDIC for settlement but this was never done. Okiro was responding to news reports quoting a letter sent to him by NDIC, in which the commission accused him of being the real owner of Hekiro Ltd because he signed cheques of the company’s accounts. Okiro said he allowed his wife who hitherto worked with a bank to set up the company (Hekiro) so she could settle with him instead of moving from one place to another on transfer. He said his wife’s company is not on the list of those indebted to Lead Bank recently released by the Senate. He said NDIC only wanted to hit back at him because he investigated and prosecuted some of its officials including the Managing Director Ganiyu Ogunlewe. “I was requested to investigate the NDIC officials by the National Assembly,” he added. NDIC lawyer Mr. Okunade Olurundare had in a letter to Okiro dated July 20, demanded the re-payment of the loan within 48 hours, failing which the commission would take action against him. Olorundare told Daily Trust by phone yesterday that even though Okiro has responded to the letter, the case will still be referred to the Economic and Financial Crimes Commission (EFFC), Independent Corrupt Practices Commission (ICPC) and the Code of Conduct Tribunal for further investigation. He said he was yet to read Okiro’s reply because he was not in his Abuja office when the reply was delivered. On Wednesday, NDIC alleged that Okiro used his family company, Hekiro Nigeria Ltd, to collect loans from Lead Bank and refused to repay, and therefore contributed to the collapse of the bank. Records show that even though the company was registered on January 25, 1989 under an assumed name of Madam Bessy Okiro, signatures used to collect loans from the failed bank included that of the former IGP. The records also show that the signature on the International Passport of Mike Okiro with passport number A0696925 issued on October 19, 2000 is similar to the one used by Bessy Okiro. The NDIC letter to Okiro had said, “From some of the documents passed to us, you signed as Chairman, while in some, you signed as Director for Hekiro Nigeria Limited. However, despite the fact that you are a Police Officer and knowing the implication of forging a signature, you signed as Bessy Okiro and which signature is consistent with your true signature as Sir Mike Okiro on some of the documents available to us. Apart from signing as Bessy Okiro, we have discovered that you did not declare your interest in Hekiro Nigeria Ltd to the Code of Conduct Bureau as required by the 1999 Constitution.” But the Senate yesterday frowned at non-inclusion of Hekiro Nigeria Limited in the list of debtors of failed banks submitted to it by the NDIC. Speaking to Daily Trust on telephone yesterday, Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Senator Nkechi Nwaogu (PDP, Abia) said the NDIC must be queried over the non inclusion of Hekiro on the list. “I don’t know why NDIC did not include the firm in the list they sent to us during the investigation we conducted. I am going to write a query to them on this because it shows that they may still be hiding some of the debtors,” she said. for SOURCE: Click here |
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