If ur file says we corrupt in Lagos... den come and do ur job now

Hotfreez:


Everyone knows if they ban gala hawking in that same Lagos, the economy of your entire region would collapse.

do visit East and come back again

Be specific with names pls.

maynation:
With what Tinubu has done to Lagos so far, I wonder what will become of Nigeria if he ever becomes the President.

Eleyin dudu, elenu shipoti.

You should ask the cannibals in Abia

Almangiri Republic of Nigeria.

We will not stop till either NO Nigerian child is allowed to suffer almangiri studies on our watch or watch Every Nigerian become a beggar like us.

Choose your fight wisely.

Love us as you love your God!!!

Not surprised

Mokason28:
Rivers and Lagos State equals Amechi and Tinubu Heads Money launderers
Mr Magu please sir be bold enough to mention the names of people and companies involved in this heinous crime

What is ur problem, so u are saying Amaechi is more corrupt than Wike.

Get sense o

Ok

majamajic:
Do visit East and come back again

So that you cannibals can eat me the way you wanted to eat Mr. Ibu.

I'm sure you're from Isiala-Ngwa.

THE Acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, on Tuesday, described Rivers and Lagos States as the headquarters of money laundering in Nigeria.

Magu said that though Lagos State was the first in terms of money laundering, the unenviable position was followed by Rivers.

The acting EFCC chairman, who made these remarks while speaking with newsmen in Port Harcourt, pointed out that the rate of money laundering in Port Harcourt was high as a result of the oil business going on in the city.


He said, “I think Rivers State is the next to Lagos in terms of crime. This (Rivers) is the headquarters of money laundering because there is a lot of oil money here.

“I think you can rate Port Harcourt the second to maybe Lagos when you talk of people playing with sinking, diving, hiding, maybe because of the large space of oil deals.”

Maintaining that the judgement halting the EFCC from probing Rivers State governors will not stand, Magu explained that the court order obtained by the former governor of the state, Dr. Peter Odili, retraining the anti-graft agency from investigating government officials in the state had been overtaken by event.


He added that the commission would ensure that no stone was left unturned in exposing all criminal activities in Nigeria.

Magu pointed out that unfolding events in the past had shown that not even the court would stop the EFCC from performing its function of investigating and prosecuting those alleged to be involved in financial crimes.

He stated, “Nothing is going to stop us; even the issue of the court order allegedly obtained by Dr Peter Odili and co to stop the EFCC from investigation and prosecution has been overtaken by event.


“I am telling you that, that judgement cannot stand; it will only take some time. it cannot hold and we are going to conclude the investigation. There are so many investigations we are doing.

“We will take it before the court; let the court refuse to prosecute their case. I am sure the matter has suffered for about 13 years now. we are going to test it. The matter is in the Supreme Court, we will follow it up.


“That decision that is pending in the Supreme Court does not actually… cannot hold water again. There are subsequent judgements that have discarded it. Clearly, there are other judgements that came up and said nobody, not even the judge, not even the judiciary, not even the court can stop us from investigating and prosecuting.”

He, however, recalled that the anti-graft agency had been able to secure the conviction of three former governors, adding that 1,245 convictions were recorded in 2019.

https://www.google.com/amp/s/punchng.com/rivers-lagos-headquarters-of-money-laundering-magu/amp/

Nigeria still do not know how to manage money.

Why are they craving to recover more money when they will still be exposed to looters.

After all the money were recovered from corrupt politicians and their cronies.

What did Nigeria government do with the recovered funds.

They were relooted by the same corrupt politicians.

Nigeria government must reorder their priority and know how to manage money, know how to spend money.

This way the common man in the street can benefit.

Coldie:

What is ur problem, so u are saying Amaechi is more corrupt than Wike.

Get sense o

I don’t reply childish people

Hotfreez:

So that you cannibals can eat me the way you wanted to eat Mr. Ibu.
I'm sure you're from Isiala-Ngwa.

your parents must have advised u good , hope u have been fed this morning ?

Hotfreez:

So that you cannibals can eat me the way you wanted to eat Mr. Ibu.
I'm sure you're from Isiala-Ngwa.

your parents must have advised u good , hope u has been fed this morning ?

Before nko, is that not where most rich people are?

Will you like to Burn that fat in 28 days? Check my signature.

Mokason28:

I don’t reply childish people

I repeat get sense o

maynation:
With what Tinubu has done to Lagos so far, I wonder what will become of Nigeria if he ever becomes the President.

Eleyin dudu, elenu shipoti.

God forbid tinubu to be president of Nigeria. It is better for the Europeans (Germany) to lease Nigeria for 50 years.

majamajic:
Your parents must have advised u good , hope u have been fed this morning ?

Why don't you direct your question to those whose parents died of Kwankwaso and starvation in a stupid ear their fathers fought.

If not starvation, how did adding palm oil to garri and dried stock fish become part of your diet. They even collect stock fish as part of dowry. Culture based on hunger.

Hotfreez:


Everyone knows if they ban gala hawking in that same Lagos, the economy of your entire region would collapse.

everyone knows if the gala sellers get one sea port in their gala region, and they all leave Lagos, Lagos becomes more like zamfara

Hotfreez:


Why don't you direct your question to those whose parents died of Kwankwaso and starvation in a stupid ear their fathers fought.

If not starvation, how did adding palm oil to garri and dried stock fish become part of your diet. They even collect stock fish as part of dowry. Culture based on hunger.

u have been studying the igbos all your life ?

debbysure01:
Before nko, is that not where most rich people are?

Will you like to Burn that fat in 28 days? Check my signature.

That's not an excuse

Aiyk2333:

everyone knows if the gala sellers get one sea port in their gala region, and they all leave Lagos, Lagos becomes more like zamfara

Seaport in the gala sellers region?
Okay, mention a single sea in your region.
Or it the stagnant water in Abia you want the ships to pass.

Lagos has had an airport as far back as 1947. At that time, your ancestors were roaming about naked, jumping from tree to tree and eating grass.

Musa just told me dt he has seen hell

Someone knowledgeable should be kind enough to define "money laundering " for Mr. Magu.

And before you quote me wrongly, get the meaning of money laundering first.

maynation:
With what Tinubu has done to Lagos so far, I wonder what will become of Nigeria if he ever becomes the President.

Eleyin dudu, elenu shipoti.

The person that is yet to die does not know the type of death that will kill him!!
Carry on without regards for morals.

majamajic:
U have been studying the igbos all your life ?

People study baboons, goats, monkeys, pigs and other animals.

Did I mention Igbos?
I said kwashiokor and starvation and you automatically assumed it to be Igbos?

Nigeria's most biased organization.. Mtchwww

Magu should tell us the position of Kano and Kaduna State on the ranking of money laundering.

The FRC established by the Financial Reporting Council of Nigeria Act, No. 6, 2011, under the supervision of the Federal Ministry of Industry, Trade and Investment, is responsible for, among other things, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria; and for related matters.

Governance Code 2016 of the Act encompasses three sectors: the private, the public and not-for-profit. It is the not-for-profit sector, sometimes referred to as the Benevolent Sector, the Third Sector or the Civil Society Sector, that religious bodies fall under.

Obayemi: RCCG’s new ‘Daddy GO’

The code read in part, “The founder or leader of a NFPO (not-for-profit) occupies a special position in the organisation and is committed to the success and longevity of the NFPO. Accordingly, a founder or leader should not take on too many responsibilities in the organisation or have an indefinite term in the running of the organisation.

“Where, for any reason, a founder or leader of NFPO also occupies any of the three governance positions of chairmanship of the board of trustees, the governing board or council, and the headship of the executive management (or their governance equivalents), the following provisions shall apply before the end of the organisation’s financial year in which this code takes effect.

“The founder or leader shall cease to occupy these three governance positions simultaneously. This is to ensure the separation of powers and avoid possible concentration of powers in one individual.

“The founder or leader may however choose – subject to the agreement of the organisation’s apex authority as expressed in the annual general assembly, annual meeting, annual stakeholder engagement, annual conference, annual synod, annual fellowship assembly or their equivalents – only one of these three governance positions subject to his current tenure. This is to ensure a clear division of responsibilities at the head of the organisation between the running of the governing body and the executive responsibility for the management and fulfilment of the organisation’s mission.

“Where the founder or leader has occupied all or any of these three governance positions for more than twenty years, or is aged seventy years or above, the choice in the section above should only relate to the board of trustees as in section below, except the constitution of the organisation otherwise provides.’’

SUNDAY PUNCH learnt that apart from Adeboye, the law would cause leadership changes in other churches, where their general overseers had spent more than 20 years in that capacity.

Kumuyi, Oyedepo, Olukoya, others to follow

Some of the general overseers to be affected by the regulation include Dr. Daniel Kolawole Olukoya of the Mountain of Fire and Miracles Ministries, who has spent 22 years as the general overseer; Bishop Mike Okonkwo of The Redeemed Evangelical Mission (35 years); Pastor Kumuyi (43 years); Pastor Ayo Oritsejafor of Word of Life Bible Church (29 years); Rev. Chris Okotie of the Household of God ( 29 years); Kingsway International Christian Centre’s Pastor Matthew Ashimolowo (24 years); Winners Chapel’s Bishop David Oyedepo (35 years).

Others are Pastor Chris Oyakhilome of Believers’ LoveWord International (26 years); Pastor Samuel Abiara of Christ Apostolic Church (39 years); Pastor Sam Adeyemi of Daystar Christian Centre (21 years); Pastor Tunde Bakare of Latter Rain Assembly (27 years); House on the Rock’s Pastor Paul Adefarasin (22 years), among others.

When contacted by one of our correspondents, the Public Relations Officer of the Deeper Christian Life Ministry, Mr. Segun Babatope, declined to speak on whether Pastor Kumuyi would also step down like Pastor Adeboye did.

He referred our correspondent to the church secretary, who also declined to speak on the matter.

Babatope said, “I cannot speak on behalf of the church. We are not fully aware of what Pastor Adeboye said and we cannot comment on rumours.”

Also, calls made to the mobile of Rev. Chris Okotie were not answered. He did not also reply the text message sent to his mobile as of press time.

Similarly, when contacted on Saturday, one of Pastor Olukoya’s media aides, Mr. Idowu Ajanaku, did not respond to calls made to his mobile phone, neither did he respond to the text message our correspondent sent to him.

A Senior Advocate of Nigeria, Mr. Dele Adesina, who is an ally of Bishop David Oyedepo, told SUNDAY PUNCH that he needed to read the FRC’s code to give “an informed opinion” on the issue.

How the ministers’ meeting ended

Sources said after his speech at the meeting, Adeboye introduced Pastor Joseph Obayemi as the ‘new overseer’ of the church, Funsho Odesola as the new church secretary and Joseph Adeyokunu as the new church treasurer.

Adeboye reportedly said, ‘‘At least, nobody can stop me from being a general overseer in other countries of the world.’’

By the pronouncement, Adeboye ceases to be the General Overseer of the RCCG in Nigeria while he remains the church’s spiritual leader worldwide and general overseer of its international arm. The church has branches in about 190 countries.

SUNDAY PUNCH learnt that the clerics, who were newly appointed into key positions in the church, were not allowed to speak to the gathering. But Adeboye asked the ministers to pray for them and he also did the same.

A statement reportedly issued by Odesola after the meeting stressed that the new structure was particular to Nigeria alone as Adeboye remained the spiritual leader and global missioner of the church.

Before now, there had been expectations in the church that Adeboye would name a successor after he clocked 70 — the stipulated retirement age by the church.

In a statement credited to Leke Adeboye, Adeboye’s last son and personal assistant, he cited the FRC’s law as the reason for the church’s decision, adding, however, that Adeboye remained the General Overseer of RCCG worldwide.

Adeboye is now 74. He became the church’s general overseer in 1981 after taking over from the church’s founder, Pa Josiah Akindayomi.

Our correspondent gathered that at the service, Adeboye asked the ministers to tell all members in their parishes to join any political party of their choice.

The revered cleric noted that by joining political parties, they would be able to partake in the making of vital political decisions at the ward level in order for the country to have good representation.

He also noted that their involvement in politics would check imposition of candidates.

Lawyers’ speak on FRC regulation

Speaking with one of our correspondents, a human rights activist and lawyer, Ebun-Olu Adegboruwa, who commented on the FRC law, said churches, mosques and other not-for-profit organisations, as long as they are registered with the Corporate Affairs Commission, were bound by the new financial regulation targeted at ensuring financial transparency and seamless succession.

Adegboruwa who is also an RCCG pastor, said, “The plan of succession must not be to the benefit of a family member. By law, churches are called incorporated churches with a board of trustees. It cannot be run by a family. Pastor Adeboye, of his volition, decided to obey the regulation by handing over to a successor. I must also state that the confusion being created by some people that Pastor Adeboye is the general overseer of the RCCG Worldwide is unnecessary. There is no such organisation as the Redeemed Christian Church of God Worldwide. He is the Global Missioner and Spiritual Leader of the Church. There is nothing like RCCG Worldwide.’’

There were reports on Saturday that the Federal Government had suspended the not-for-profit governance code of 2016. The human rights activist and lawyer explained that the law was suspended in relation to the public sector and not for organisations like churches and mosques.

He said, “There was a stakeholders’ meeting where churches, mosques and civil society organisations met with the government. We actually challenged the regulation at the Federal High Court and we lost. We decided to comply with the regulation because we didn’t want the government to see Christians as people who do not want to follow a seamless succession system. We also do not want government to see us as people who have something to hide about their finances. The RCCG is a transparent organisation and that’s why it decided to comply.

“This (regulation) is not just about Pastor Adeboye. It concerns all the churches registered in Nigeria. Any church leader who has spent 20 years has to hand over to somebody else.”

Also, Lagos-based lawyer, Mr. Jiti Ogunye, stated that the agency’s regulation for religious organisations was still in force.

Another legal practitioner, Moses Alao, told SUNDAY PUNCH that the FRC regulation provides that a religious leader of a registered religious organisation should step down after 20 years in office or on attainment of age 70.

He said, “Whichever comes first, it is either the religious leader has turned 70 or has spent 20 years or more as the head of the organisation, he has to go. The person will stop being involved in administrative issues of the religious organisation. He will only be a figure head with no real authority. Pastor Adeboye, in the case of the Redeemed Christian Church of God, will still be the spiritual figure head but there will be a general overseer (a position he had relinquished).’’

Old men draining and bleeding the country of its financial resources and wealth while dumb youths attack themselves over useless religious sentiments and ethnic bias. The future of the dumb youths wasted, bastardised and jeooardised.