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Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank - Politics (2) - Nairaland

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Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by MANNABBQGRILLS: 11:08pm On Nov 05, 2019
God bless Nigeria.

1 Like 2 Shares

Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Jonhbulll: 11:11pm On Nov 05, 2019
[s]
post=83776281:
God bless Nigeria.
[/s]
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Sapeleboy911(m): 11:15pm On Nov 05, 2019
post=83774726:
Another thread by wailers for wailers.
Irredeemable losers.
You will see children of hate, perdition and frustration masturbating on the thread as usual.

Again,
RUMOURS are spread by fools and accepted by idiots.

Keep on your hatred for your country,
Nigeria will move forward without criminals.
Like seriously are you normal, Or are you paid to defend this APC led Government?

1 Like

Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by GEEBITE: 11:20pm On Nov 05, 2019
Read first,it wont hurt your brain.
AntiWailer:
Lol @ Buhari's minister.


The minister no get name ?
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Jonhbulll: 11:20pm On Nov 05, 2019
[quote author= post=83774898][/quote]
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Johans1991: 11:30pm On Nov 05, 2019
When I said igbos are the problem of this country some people will deny it. Now you can see how an Igbo minister showing his talents of criminality. 90% of crimes in Nigeria is committed by the Igbos . just imaging these people get the presidency.
IGBO AMAKA
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Jonhbulll: 11:35pm On Nov 05, 2019
[s]
post=83774726:
Another thread by wailers for wailers.
Irredeemable losers.
You will see children of hate, perdition and frustration masturbating on the thread as usual.

Again,
RUMOURS are spread by fools and accepted by idiots.

Keep on your hatred for your country,
Nigeria will move forward without criminals.

That one must used Buhari's name on the FP to attract wailers to the thread as if the minister doesn't have a name.
Shior.
[/s]

1 Like

Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Ywey82: 11:45pm On Nov 05, 2019
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by juman(m): 12:57am On Nov 06, 2019
Wow.
It shows buhari does not hate igbos.
Waiver was given to their companies as well, based on interest of the country.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Nobody: 1:11am On Nov 06, 2019
Which one is Buhari's minster again? OP are you trying to be funny or what?
Why can't you guys report your RUMOURS without being annoyingly annoying? It's obvious you're either a jester or a PDP fanatic.
Whatever man
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by bilulu(m): 2:41am On Nov 06, 2019
sodiqapril:

the way you defend this adminstration is appalling and I've noticed you comment on every thread on this forum..don't you have a job?
You read clearly a reported case of corruption yet all your detailed brain can think of is to insult "Wailers" I know you're an old man just that your sense has refused to grow with you.. I hope someone knocks sense into your thick skull so you can see the evil in the administration you're supporting before it leads you down the path of doom your business took
I don’t even mind d zombies comment even when it’s not relating to politics cuz he’s already programmed..... a disgrace to humanity
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by mu2sa2: 6:17am On Nov 06, 2019
sexiestharam:
Igbo Amaka!! grin cheesy
Dont mind the hypocrites. Pmb may not even be aware of things like this, yet perpetrators' kinsmen will come here to spew rubbish. Ipobians, all the perpetrators are your people.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Mrpojj(m): 6:21am On Nov 06, 2019
Kwanza:
The acting Registrar-General of the Corporate Affairs Commission, CAC, Azuka Azinge, has allegedly colluded with a former minister of Industry, Trade and Investment, Okechukwu Enelamah, to short-change the commission over N559 million.

Investigations by the DAILY NIGERIAN revealed that in 2018, Messrs Azinge and Enelamah had connived to illegally grant waivers to two private companies, one of which was Polaris Bank Limited, when it sought to increase its share capital base from one million to 25 billion.

DAILY NIGERIAN reports that waivers are economic policies done by government to encourage or promote the production of a particular commodity that has direct bearing on the country’s economy.

However, experts say waivers could be granted for corrupt or political reasons.

Financial analysts said the filing charges the CAC was supposed to collect from the bank amounts to N186million but was waived by the agency.

Copies of leaked email correspondence between the acting Registrar-General and Mr Enelamah, sighted by this reporter, revealed that the duo had met privately on the matter and perfected plans on how to share the proceeds of the alleged illegality.

Mrs Azinge’s initiating email to the minister, dated September 23, 2018, read: Good Evening Honourable Minister. Hope this message finds you well.

“Further to our discussion yesterday on granting waiver for increase in share capital to Polaris Bank, may I suggest that you kindly send your approval by email to enable staff handling the transaction sight the authorization for the waiver.

“This will ensure smooth handling of the increase without audit query and delay. I will ensure speedy delivery accordingly,” the letter ends.

The following day, on September 24, 2019, the minister wrote back to the Mrs Azinge, granting his approval for the said waiver.

In the email response, the minister said: “Please accept this as my approval of the waiver as requested. Thank you, Best regards, Okey Enelamah.”

DAILY NIGERIAN reports that a few days after granting the waiver, many staff members at the headquarters of the commission raised concerns over the development, especially as the commission was battling with dwindling revenue.

One of the staff members who pleaded anonymity said: “We have problems like the non-remittance of pension funds for a long time now. No staff training and other welfare packages.”

Another document sighted by DAILY NIGERIAN revealed that another waiver was granted to Enyimba Economic City Development Company Limited, a Public-Private-Partnership between Abia State Government and Crown Realities Limited, a private developer.

In October, 2018, the company wrote to the CAC, expressing its intention to increase its share capital from 100million to 50billion and the commission demanded the sum of N373.24million as filing fees.

Faced with this reality, the company sought the intervention of Mr Enelamah, who also hails from Abia State.

In convincing their kinsman, the company argued that the PPP project, if completed, would provide over 625,000 direct jobs for Nigerian youths.

The minister, thereafter, conveyed his approval for the granting of waiver for the company.

However, a source at the Office of the Secretary of the Government of the Federation, OSGF, said waivers of that nature needed presidential approval.

He said: “Waivers running into hundreds of millions need presidential approval. The minister actually acted in error, except if he did what he did for financial gains.”

However, a director at the industry, trade and investment ministry who did not want his name on print told DAILY NIGERIAN that in the case of Enyimba Economic City, President Muhammadu Buhari was briefed about the project and he welcomed the initiative.

“Also, the Federal Government, through the Nigeria Special Economic Zone Company, which promotes Made In Nigeria for Export, MINE, was contacted and a partnership deal was signed.

“The Federal Government and Abia State Government signed Definitive Agreements for the project between the Enyimba City Economic Zone Limited.

“The signing took place sometime in the second week of December, 2018 at the Presidential Villa and the Federal Government was represented by Nigeria Special Economic Zone Company,” the source said.

The source, however, disclosed that the President was bypassed in granting the waiver, saying: “the issue of waiver was not discussed with the President at all.

“It was the minister that used his prerogative to approve the waiver. However, by law, the President must be notified and his consent sought before such decision was to be made.”

“Ideally, special waivers are anchored through the presidency, directing related ministries to implement the same.

“In this case, I never heard of any directive for waivers to private companies trying to expand their businesses.

“For example, why would the Nigerian government grant waiver to a bank when if any Nigerian approaches such bank for a loan must be charged interest? I mean, this is a simple question that can expose this illegality.”

Reactions

While the former minister is yet to return DAILY NIGERIAN email inquiry requesting his response, Mrs Azinge, through her spokesman, Moses Adaguusu, shifted the blame to the former minister.

She said: “The position is that the two companies duly applied and were duly granted waivers on filing fees by the Hon. Minister who by law had the power to do that.”

Both Polaris Bank Limited and Enyimba Economic City Development Company Limited did not reply to our reporter’s inquiry.


https://dailynigerian.com/exclusive-how-cac-boss-connived-with-buharis-minister-to-grant-over-n559m-illegal-waivers-to-polaris-bank-enyimba-dev-company/

We are in the era of inpuinity ,so am not
surprised
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by yaki84: 6:34am On Nov 06, 2019
Kwanza:
The acting Registrar-General of the Corporate Affairs Commission, CAC, Azuka Azinge, has allegedly colluded with a former minister of Industry, Trade and Investment, Okechukwu Enelamah, to short-change the commission over N559 million.

Investigations by the DAILY NIGERIAN revealed that in 2018, Messrs Azinge and Enelamah had connived to illegally grant waivers to two private companies, one of which was Polaris Bank Limited, when it sought to increase its share capital base from one million to 25 billion.

DAILY NIGERIAN reports that waivers are economic policies done by government to encourage or promote the production of a particular commodity that has direct bearing on the country’s economy.

However, experts say waivers could be granted for corrupt or political reasons.

Financial analysts said the filing charges the CAC was supposed to collect from the bank amounts to N186million but was waived by the agency.

Copies of leaked email correspondence between the acting Registrar-General and Mr Enelamah, sighted by this reporter, revealed that the duo had met privately on the matter and perfected plans on how to share the proceeds of the alleged illegality.

Mrs Azinge’s initiating email to the minister, dated September 23, 2018, read: Good Evening Honourable Minister. Hope this message finds you well.

“Further to our discussion yesterday on granting waiver for increase in share capital to Polaris Bank, may I suggest that you kindly send your approval by email to enable staff handling the transaction sight the authorization for the waiver.

“This will ensure smooth handling of the increase without audit query and delay. I will ensure speedy delivery accordingly,” the letter ends.

The following day, on September 24, 2019, the minister wrote back to the Mrs Azinge, granting his approval for the said waiver.

In the email response, the minister said: “Please accept this as my approval of the waiver as requested. Thank you, Best regards, Okey Enelamah.”

DAILY NIGERIAN reports that a few days after granting the waiver, many staff members at the headquarters of the commission raised concerns over the development, especially as the commission was battling with dwindling revenue.

One of the staff members who pleaded anonymity said: “We have problems like the non-remittance of pension funds for a long time now. No staff training and other welfare packages.”

Another document sighted by DAILY NIGERIAN revealed that another waiver was granted to Enyimba Economic City Development Company Limited, a Public-Private-Partnership between Abia State Government and Crown Realities Limited, a private developer.

In October, 2018, the company wrote to the CAC, expressing its intention to increase its share capital from 100million to 50billion and the commission demanded the sum of N373.24million as filing fees.

Faced with this reality, the company sought the intervention of Mr Enelamah, who also hails from Abia State.

In convincing their kinsman, the company argued that the PPP project, if completed, would provide over 625,000 direct jobs for Nigerian youths.

The minister, thereafter, conveyed his approval for the granting of waiver for the company.

However, a source at the Office of the Secretary of the Government of the Federation, OSGF, said waivers of that nature needed presidential approval.

He said: “Waivers running into hundreds of millions need presidential approval. The minister actually acted in error, except if he did what he did for financial gains.”

However, a director at the industry, trade and investment ministry who did not want his name on print told DAILY NIGERIAN that in the case of Enyimba Economic City, President Muhammadu Buhari was briefed about the project and he welcomed the initiative.

“Also, the Federal Government, through the Nigeria Special Economic Zone Company, which promotes Made In Nigeria for Export, MINE, was contacted and a partnership deal was signed.

“The Federal Government and Abia State Government signed Definitive Agreements for the project between the Enyimba City Economic Zone Limited.

“The signing took place sometime in the second week of December, 2018 at the Presidential Villa and the Federal Government was represented by Nigeria Special Economic Zone Company,” the source said.

The source, however, disclosed that the President was bypassed in granting the waiver, saying: “the issue of waiver was not discussed with the President at all.

“It was the minister that used his prerogative to approve the waiver. However, by law, the President must be notified and his consent sought before such decision was to be made.”

“Ideally, special waivers are anchored through the presidency, directing related ministries to implement the same.

“In this case, I never heard of any directive for waivers to private companies trying to expand their businesses.

“For example, why would the Nigerian government grant waiver to a bank when if any Nigerian approaches such bank for a loan must be charged interest? I mean, this is a simple question that can expose this illegality.”

Reactions

While the former minister is yet to return DAILY NIGERIAN email inquiry requesting his response, Mrs Azinge, through her spokesman, Moses Adaguusu, shifted the blame to the former minister.

She said: “The position is that the two companies duly applied and were duly granted waivers on filing fees by the Hon. Minister who by law had the power to do that.”

Both Polaris Bank Limited and Enyimba Economic City Development Company Limited did not reply to our reporter’s inquiry.


https://dailynigerian.com/exclusive-how-cac-boss-connived-with-buharis-minister-to-grant-over-n559m-illegal-waivers-to-polaris-bank-enyimba-dev-company/
Tell us how many waifers abi waivers has been granted northern coy by buhari.
Am pdp but kudos to enelamah.
We need more of him pls.
No be only Northerners suppose benefit jor.
No be for this regime buhari thru mumu emefiele gave northerners dollars for free when dollar had rose to 450naira.
Was that not waiver
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by ChoCho54(f): 6:43am On Nov 06, 2019
sodiqapril:

the way you defend this adminstration is appalling and I've noticed you comment on every thread on this forum..don't you have a job?
You read clearly a reported case of corruption yet all your detailed brain can think of is to insult "Wailers" I know you're an old man just that your sense has refused to grow with you.. I hope someone knocks sense into your thick skull so you can see the evil in the administration you're supporting before it leads you down the path of doom your business took
Hahahaha.. is a product of the system, you can't blame him for the way he is. He has been thoroughly violated by his traducers on this forum and you can only imagine it has led him paranoid.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by ChoCho54(f): 6:44am On Nov 06, 2019
Acjohn:
Even though Baba hand no clean na this kine thing dey make am fear those people from that side of the country.

They can fit encourage themselves for corruption
It's so easy to spot you are a simpleton. grin
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by ChoCho54(f): 6:49am On Nov 06, 2019
fergie001:
Who doesn't know it's true?
I don't know the role CAC played but I know Enelamah's involvement......
...then again, went ahead to punish people to write proposal, attend interview....send them text messages and it all ended there.
Yet in Abuja, all the news have it that money have been provided, for over how many thousand people with #1m each for SME...

That man?
No P.
Buhari and his goons are interested in covering their trail of massive looting while forgetting that these little little things would be their undoing.

Kemi yahoo was waiting for when they will catch her looting..but her certificate did it for her. grin

1 Like

Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by ChoCho54(f): 6:58am On Nov 06, 2019
NaMeAboki:


Imagine what damaged they'd do if given the presidency grin
Hahaha..can they do more damage than you have done already. All you that rules and continue to rule, see what you have done to a promising nation handed over to us by the colonialists!

See the mess you have turned Nigeria to. The north has ruled more than their other accomplices but you can see that presently, the north is the most regressed in Africa!

While the Yorubas held sway in all ministries as perm sec, directors and CEO, the hausas just wanted power and nothing more not even compulsory education for their peoples.

And so have the evil cycle, the Yoruba as DG in the ministry uses his education to prepare and perfect looting the system while the hausa man with power appends his signature.

The results is what you have today!! This is your Nigeria! A failed state! Shame! Shame! Shame bro!
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by NaMeAboki: 1:55pm On Nov 06, 2019
ChoCho54:
Hahaha..can they do more damage than you have done already. All you that rules and continue to rule, see what you have done to a promising nation handed over to us by the colonialists!

See the mess you have turned Nigeria to. The north has ruled more than their other accomplices but you can see that presently, the north is the most regressed in Africa!

While the Yorubas held sway in all ministries as perm sec, directors and CEO, the hausas just wanted power and nothing more not even compulsory education for their peoples.

And so have the evil cycle, the Yoruba as DG in the ministry uses his education to prepare and perfect looting the system while the hausa man with power appends his signature.

The results is what you have today!! This is your Nigeria! A failed state! Shame! Shame! Shame bro!

You are only describing the symptoms but not the actual cause of our problems which squarely rests with ppl who destroyed our nascent democracy with the first coup of 1966.

Ever since then; all those who came after them were building the country on very faulty foundations earlier destroyed by their Igbo predecessors.

Moreso, the same ppl complaining now and demanding for separation were the ones who ensured we are still inseparably joined at the hip - by rejecting insertion of the secession clause enabling any region to later secede should it choose to go its separate way.

In short, wailers should blame themselves for their and all our current woes.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by ChoCho54(f): 4:04pm On Nov 06, 2019
NaMeAboki:


You are only describing the symptoms but not the actual cause of our problems which squarely rests with ppl who destroyed our nascent democracy with the first coup of 1966.

Ever since then; all those who came after them were building the country on very faulty foundations earlier destroyed by their Igbo predecessors.

Moreso, the same ppl complaining now and demanding for separation were the ones who ensured we are still inseparably joined at the hip - by rejecting insertion of the secession clause enabling any region to later secede should it choose to go its separate way.

In short, wailers should blame themselves for their and all our current woes.
Shut up your mouth before amadioha shuts it for you!

Your retort is lame and off topic. If you want to go that way, open a thread on it and mention me.

Shame on you all ruling regressors!

Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by NaMeAboki: 6:54pm On Nov 06, 2019
ChoCho54:
Shut up your mouth before amadioha shuts it for you!

Your retort is lame and off topic. If you want to go that way, open a thread on it and mention me.

Shame on you all ruling regressors!

Empty barrel, can't even address the issues raised; as usual resorting to throwing insults - a trait typical the wailers.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by ChoCho54(f): 7:09pm On Nov 06, 2019
NaMeAboki:


Empty barrel, can't even address the issues raised; as usual resorting to throwing insults - a trait typical the wailers.
IMAGINE THIS THING.. abuooki enwe!
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by Dedetwo(m): 7:17pm On Nov 06, 2019
NaMeAboki:


Imagine what damaged they'd do if given the presidency grin

It will never surpass the damage your ethnicity has rendered already. You have a life for deception.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by NaMeAboki: 6:39am On Nov 07, 2019
ChoCho54:
IMAGINE THIS THING.. abuooki enwe!

IMAGINE THIS NYAMIRI - say no to baby factory bigots.
Re: Azuka Azinge Connived With Enelamah To Grant ‘illegal Waivers' To Polaris Bank by NaMeAboki: 6:54am On Nov 07, 2019
Dedetwo:


It will never surpass the damage your ethnicity has rendered already. You have a life for deception.

Keep deceiving yourselves - always wailing, insulting and blaming other ethnicities for your self inflicted woes; its no wonder your tribe is gradually becoming one of the most despised world over; from SA, Togo, Ghana, Europe and all over Asia.

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