REVEALED: CCB Documents Show Zamfara State Governor, Lawal Declared Cash Assets Of Over $5 Billion

In the wake of calls by anti-corruption crusaders seeking a probe into the submissions made by Zamfara State Governor, Dauda Lawal to the Code of Conduct Bureau, the Anti-Corruption Watch in Africa can authoritatively report that it is in possession of documents that show records of the former First Bank Executive Director’s filings at the Code of Conduct Bureau claiming to have billions of dollars in cash.

According to the Code of Conduct Asset Declaration Form for Public Officers filed by Lawal Dauda, with date of birth stated at “02/09/1965,” Dr Dauda Lawal claimed to be a Business Man before being elected into the Office as Governor.

In the column for Details of Assets, Dauda Lawal claimed to have three different dollar accounts in First Bank, totalling the sum of $5,000,029,220.35 (Five Billion Twenty Nine Thousand Two Hundred and Twenty Thousand Dollars and Twenty Five Cents) as at the 23rd of May 2023. He claimed that the source of these funds are from Personal Income and “Proceeds of Business.”

The Governor also had about N500 million in his Guaranty Trust Bank Naira account, with another $12 million in Guaranty Trust Bank Dollar accounts.

The Code of Conduct Bureau is an anti-corruption agency of the Federal Government of Nigeria, set up to check corrupt practices by public officials and in the conduct of government business. Asset Declaration is a mandatory requirements for all Public Officials, where they state their current appointment, their assets in cash, in the bank (whether in Nigeria or abroad), landed properties, moveable properties and assets (whether in Nigeria or abroad), securities and bonds, and also assets of wives and children, as well as how they were acquired.

The contentious sum of over $5 billion unexplained personal income has raised flaks and suspicion of Dr Dauda Lawal’s source of wealth as well beliefs that this may be a ploy to create an avenue for what anti-corruption campaigners describe as “Pre-emptive Looting”.

The $5 billion sum lodged in his First Bank account (See Below for Form) amounts to over N4.7 trillion Naira (using N950 - $1m as exchange rate).

For Dauda Lawal to have over N4.7 trillion in earnings from his business, he is deemed to be among the top 5 richest Nigerians, however with no verifiable source of business that could have produced such wealth, asides a relationship with the embattled fugitive, and former Minister of Petroleum, Diezanni Allison Madueke, who is wanted for allegedly looting billions of dollars from the country’s coffers.

A source within the Anti-Corruption agencies who asked not to be mentioned noted that this is a legitimate call for investigation by the anti-corruption agencies as well as the Code of Conduct Bureau.

“When we saw the reports at first, we were taken aback. I shared it with my superior and she said we need documents to prove this. On seeing the declaration form you just sent to me, I can say that we have a case here.

“I believe that the various anti-corruption bodies will swing into action. They do not have to put it on the media, but I can assure you that they will begin to investigate these huge allegations.”

The Anti-Corruption Watch in Africa notes that it would take Dauda Lawal to have earned N222 million every day of his life for the past 58 years to have an income of N4.7 trillion Naira.

Reporting by Anti-Corruption Watch in Africa

Yarimo, seunmsg, LeoDeKing and other Agbadorians

Did Tinubu declare his assets?

See cash,, Chai. There is money in Naija o

Abi eye dey pain me? Personal income $5,000,000,000


The man no even fear to declare the asset. See mind.

Don't forget to show us criminal thiefnubuu asset declaration form too

Fake news.

Not up to 100 individuals in the whole world have up to 5 billion USD in their personal bank accounts.

With 5billion US dollars in a First Bank Domiciliary account as claimed, it means that it is First Bank of Nigeria that would be helping the CBN with dollars and not the other way round.

If the news mentioned that the money was in a tax Haven, in Scandinavia or a Swiss Bank, I'd believe. You have to be unexposed or know little about money to believe the OP.


The Governor has denied the rumours long time ago.

https://www.thecable.ng/i-didnt-declare-n9trn-in-assets-says-dauda-lawal

https://guardian.ng/news/zamfara-governor-dauda-lawal-denies-declaring-n9trillion-assets/

Corrupt elephants fighting, no need getting involved on either side

Shey Asset declaration no reach president and vice president side? Yeye people

N3TRAL:


Not up to 100 individuals in the whole world have up to 5 billion USD in their personal bank accounts.

There's over 700 billionaires living in the USA

Ikaeniyan0:
There's over 700 billionaires living in the USA

That they're worth above 1billion USD doesn't mean they have it in their personal bank accounts.

Ikaeniyan0:
There's over 700 billionaires living in the USA

They don't have 5 billion dollars In cash.

$5billion in cash? How’s this even possible? He’s not even listed on Forbes as a million in dollars. It’s either this news is fake or the governor over declared his accept. Whatever the case, this should be thoroughly investigated. His previous tax history should also be looked at.

I agree

N3TRAL:


That they're worth above 1billion USD doesn't mean they have it in their personal bank accounts.

Roboto11:


They don't have 5 billion dollars In cash.

I agree

These guys hold sha, yes poverty thrives

How much did he really declare since he is denying the fake 5 billion?

Lol

This is the "conservative" sum he intends to fleece from his State coffers. What a bold and arrogant thief.

Now, this is how all of them politicians and rogue businessmen rubbish the naira and continue to mount pressure on it.

His intention from the get-go is to perpetually use whatever Naira accrues to his State to mop up any available dollar at any rate possible to justify his outlandish asset declaration.

Oles

N3TRAL:
Fake news.

Not up to 100 individuals in the whole world have up to 5 billion USD in their personal bank accounts.

With 5billion US dollars in a First Bank Domiciliary account as claimed, it means that it is First Bank of Nigeria that would be helping the CBN with dollars and not the other way round.

If the news mentioned that the money was in a tax Haven, in Scandinavia or a Swiss Bank, I'd believe. You have to be unexposed or know little about money to believe the OP.


The Governor has denied the rumours long time ago.

https://www.thecable.ng/i-didnt-declare-n9trn-in-assets-says-dauda-lawal

https://guardian.ng/news/zamfara-governor-dauda-lawal-denies-declaring-n9trillion-assets/

LMAO! 🤣🤣🤣🤣

seunmsg:
$5billion in cash? How’s this even possible? He’s not even listed on Forbes as a million in dollars. It’s either this news is fake or the governor over declared his accept. Whatever the case, this should be thoroughly investigated. His previous tax history should also be looked at.

LMAO! 😆😆😆

Oluwabash:
For Dauda Lawal to have over N4.7 trillion in earnings from his business, he is deemed to be among the top 5 richest Nigerians, however with no verifiable source of business that could have produced such wealth, asides a relationship with the embattled fugitive, and former Minister of Petroleum, Diezanni Allison Madueke, who is wanted for allegedly looting billions of dollars from the country’s coffers.

The rooster has finally come to rest

Artiiclebeast:
Lol

This is the "conservative" sum he intends to fleece from his State coffers. What a bold and arrogant thief.

Now, this is how all of them politicians and rogue businessmen rubbish the naira and continue to mount pressure on it.

His intention from the get-go is to perpetually use whatever Naira accrues to his State to mop up any available dollar at any rate possible to justify his outlandish asset declaration.

Oles

One of the more reason why these politicians want the Naira to keep being useless.


Their supporters keep defending them online & offline


Foolish people everywhere

Diezanni says she gave him $9 Billion for safe keeping when he was Executive Director at First Bank. he took off with the money, stopped picking her calls and set her up to be detained by UK police.

Now, how can a CCB under Asiwaju Gbajabiamila Govt investigate these kinds of misrepresentation of facts?

Criminality, it runs in the blood and that's why they don't need a squeaky clean man to lead Nigeria because, those who goes to try, must go with equity. Na Asiwaju with drug offenses and certificate scandals wan try this one?

Abeg make una shift make I pass. Ndi Ara!

Karlifate:



LMAO! 😆😆😆

I think I know better now. Nothing is impossible again in Nigeria.

If the Governor is worth this then Tinubu and Emefiele must have triple of this amount each.

So Dangote has competitors.

Karlifate:



The rooster has finally come to rest

The Supreme Court gave him another N9 billion cash this week.

So much bastard billionaires in this nation suffering from leadership corruption. Meanwhile, how come his CCB form could be obtained with ease yet the ones of other high profile criminals like the druggie president, Gandollar, Matawalle are protected by the same CCB regulations? Selective justice system.