A foremost civil society organisation (CSO), Network Against Corruption and Trafficking (NACAT), has challenged Cross River State governor, Ben Ayade to go to court if he is aggrieved over its exposé on how he misappropriated state funds and diverted over N500 billion to private accounts of different companies and government functionaries in eight years.

Recall, NACAT at a press conference in Abuja on Tuesday called on the Economic and Financial Crimes Commission, EFCC and the Independent Corrupt Practices Commission, ICPC to investigate Governor Ayade over the alleged financial sleaze.

The group had said it embarked on a comprehensive audit of the Cross River State government’s accounts between 2015-2020 and discovered financial infractions and irregularities ranging from circumvention of procurement processes, suspicious payments of money, possible money laundering, to award of contracts to non-existent shell companies.

NACAT made reference to various payments made to certain account numbers without any explanation of what they were meant for contrary to financial regulations.

It cited Financial Regulations 603 which states that, “all vouchers shall contain full particulars of each service such as dates, numbers, quantities, distances and rates and will invariably be supported by relevant documents such as LPOs, invoices, special letters of authority, time, sheets, rates etcetera.”

NACAT said that the governor had engaged in money-laundering schemes by using his personal companies, Leophina Works Limited and Hally Brown International Limited and the office of the chief of staff to divert public funds.

According to the group, Leophina Works Limited was incorporated in Port Harcourt, Nigeria with registration Number 631232 with the following directors, notably, Ayade Alami Elizabeth, Alade Akinseye Peter, Akinseye Francis, Francis Ayade and Ben Bengioshuye with company’s registered address as Plot 4, Ada George Street Port Harcourt, Rivers State.

“On 2nd February 2015, a transfer of N17,813,530.93 was made from CRSG RECURRENT EXP. (FAAC) ACCOUNT, 2017445579 (First Bank) to Hally Brown International Limited. The company is owned by Ben Ayade, Francis Ayade and Goddy Tedy Agbbe.

“On 02/11/2016, HALLY BROWN INTERNATIONAL LIMITED owned by the family of Governor Ben Ayade received payments of N49,000,000.00 and N42,872,614.72 from the CRSG CONSOLIDATED ACCOUNT with number 2030459287 domiciled with First Bank of Nigeria. The company’s directors are Dr Ben Ayade, Francis Ayade, and Goddy Tedy Agbbe.

“Cross River State government needs to explain in details the following ‘in-and-out’ transactions in Zenith Bank account 1012499828 in the name of Leophina Works Limited. Who are the beneficiaries of the following debit entries and for what? 22/2/2018 – N200,000,000 and 16/1/2018 – N200,000,000.

“Cross River State government needs to further explain similar ‘in-and-out’ transactions in Access Bank account no. 0007104615 in 2019, through Leophina Works Limited, especially the debits. 07/03/2019 -N170,000,000; 28/03/2019 – N30,000,000; 28/3/2019 – N10,000,000; 13/02/2019 – N170,000,000; 7/01/2019 – N170,000,000; 03/07/2019 -N170,000,000; 02/08/2019 – N170,000,000; 02/09/2019 – N170,000,000; 07/03/2019 – N170,000,000; 28/03/2019 – N30,000,000; 28/3/2019 – N10,000,000 and on the 13/02/2019 – N170,000,000

“On what basis did Leophina Works Limited receive two transfer of N50 Million each, totaling N100 Million on 03/05/2019 as TRUSTFUND PENSIONS? The government should speak on this.

For full details please visit:
https://www.dailyrecordng.com/alleged-n500bn-corruption-go-to-court-if-untrue-nacat-challenges-governor-ayade/

This guy raped Cross River State silly...
Hope he's brought to book