[b]A former Secretary to the Government of the Federation, Chief Olu Falae, has submitted to the Economic and Financial Crimes Commission an email correspondence between him and a former Chairman of the Peoples Democratic Party’s Board of Trustees, Chief Tony Anenih.
Buhari’s anti-corruption war getting out of hand – Falae
Falae tendered the email as an evidence in the probe linking him to N100m election funds
It was learnt that Anenih, in the email, mentioned that he was acting on the instruction of former President Goodluck Jonathan.
A source at the EFCC told our correspondent that in the email dated March 2015, Anenih, who played a supervisory role in the Goodluck Jonathan Campaign Organisation, informed Falae that N100m had been approved by Jonathan and would be handed over to him (Falae).
A source at the EFCC said, “In the email, Anenih told Chief Falae, who is the Chairman of the SDP that N100m had been approved by President Jonathan as part of the agreement between the PDP and the SDP ahead of the presidential election.[/b]
“He further urged Falae to provide an account which the money would be paid into.”
The N100m, which was given to Falae by Anenih, was said to have emanated from the imprest account of the Office of the National Security Adviser in the Central Bank of Nigeria.
It was eventually paid into the account of Marreco Limited, where Falae is chairman. The fund was credited into the company’s United Bank for Africa Plc account, 1000627022, on March 25, 2015.
When contacted on the telephone, a spokesman for Falae, Mr. Alfa Mohammed, confirmed that 78-year-old Falae had submitted all correspondence between Falae and the PDP.
He said, “We had a letter of agreement between the PDP and the SDP regarding cooperation between the two parties for the election. There was an email from Anenih stating that Mr. President (Jonathan) told him to transfer the money to that effect.
“We have submitted everything to the EFCC, but the EFCC has not deemed it fit to invite Anenih which shows that it is people within the All Progressives Congress that are just trying to rubbish the image of Chief Falae, who has served meritoriously as a permanent secretary, a SGF and a finance minister.”
Mohammed said the PDP still owed the SDP about N70m and it was unrealistic of the EFCC to ask Falae to return the N100m.
He said Falae could not have known that the money emanated from the ONSA and thus could not be held liable.
The commission had finalised plans to charge the ex-SGF with conspiracy to indirectly retain the sum of N100m which he ought to have known formed part of the proceeds of an “unlawful act to wit: stealing.”
The EFCC had alleged in March that about N3.145bn was mysteriously transferred from the account of the ONSA to the account of Joint Trust Dimensions Limited, a company allegedly owned by the Director of Finance of the Jonathan Campaign Organisation, Senator Nenadi Usman.
Usman was said to have transferred N840m to the account of the Director of Publicity of the organisation, Chief Femi Fani-Kayode, in Maitama branch of the Zenith Bank with number, 1004735721, on February 19, 2015, while she allegedly gave Falae N100m on the instruction of Anenih.
[b]A former Governor of Imo State, Achike Udenwa, and a former Minister of State for Foreign Affairs, Viola Onwuliri, according to some documents, got N350m in two tranches. The first tranche of N150m was paid into their joint account with Zenith bank on January 13, 2015. The second tranche of N200m was credited into their account with Diamond bank.
Usman and Fani-Kayode had been arraigned before the Federal High Court in Lagos and their accounts frozen while Udenwa and Falae are expected to be arraigned soon.
Attempts to reach the Media Adviser to former President Goodluck Jonathan, Mr. Ikechukwu Eze, were not successful as repeated calls to his mobile phones did not connect.
Similarly, a text message sent to his phones had yet to be delivered as of press time.
All attempts to speak with Anenih’s spokesman, Mr. Ojeifo Sufuyan, also proved abortive as his line did not connect, while a text message sent to his telephone had yet to be responded to as of 7pm on Sunday.
However, in a letter he had personally written to the EFCC in January, Anenih admitted that he received N260m for Jonathan’s election campaign out of which he gave Falae N100m.[/b]
He, however, maintained that the ex-President still owed him N180m.
Anenih had said, “I was not in a position to ask the former President how he was going to source the fund. I was not a direct beneficiary of the sum of N260m that was a part refund of the money I spent on the president’s instructions.
“A sum of N63 million was disbursed to a northern group, led by elder statesman, Alhaji Tanko Yakassai, for mobilisation and post-election peace advocacy in that part of the country.
“N100m was given to the National Chairman of the SDP, Chief Olu Falae, to enable the party to mobilise support and votes for the PDP presidential candidate since the SDP did not have a candidate for the election.
AZeD1: 10000MW installed capacity Mambilla is at least four years away.
No Nigeria won't have 24 hrs in the next four years. Some states would have though but not the whole country.
Many areas in Nigeria today are already getting close to 18 hours @ less than 5000MW so with additional 12,000MW from Dangote alone in less than 2 ears from now it's safe to conclude that we are almost there..
Correction on my part.
We have 10,396.0 MW installed capacity so adjusting my math means a good forecast for 27,671MW.
Aftet 55 years of failure and 16 years of PDP and stolen $20 billion power funds, we are going to double our installed capacity in less than 4 years..
The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by 2018.
He also said that his business estate would start selling foreign exchange to the Central Bank of Nigeria by 2020.
Dangote, who spoke in Lagos on Monday at the Nigerian Economic Summit organised by Economist Events, an arm of The Economist of London, said, “We are looking at a situation that by 2020, we will be the one selling FX to the CBN. Our projects are mainly import substitution. We are working to be self-sufficient to grow about a million tonnes of rice over the next five years.
[b]“Our gas project would have our gas pipelines on the seabed. The output should be able to provide about 12,000MW of power. We see a lot of transformation when we are done with most of our projects by 2018.
“We have 15 countries in the ECOWAS community that are duty-free. The export market is big and profitable if you have the capacity. Players in the manufacturing (sector) should be encouraged to export if they have the capacity. We must also meet local consumption.”
Dangote said the fall in crude oil price was not a curse and that the nation must use the opportunity to explore the potential in other sectors of the economy.
He said, “This is the right moment to pursue the diversification of the economy, which we have been talking about. I know that once oil gets back to $80 per barrel, we will go back to the same misbehaviour.
“But I think this is the right time for that. Government must come up with the right policy, because if we don’t do it now, we may not do it. But low prices do not mean doom. In 1998-1999, the price of oil was $9. What we need to do is just to block the leakages and pursue diversification.”[/b]
According to Dangote, the monthly revenue inflow from oil, which used to be $3.2bn, is now around $1bn, and this has caused a number of challenges for businesses in the country.
“There are some areas where we are facing serious challenges and there are some where we are not. It depends on your business model. If your business model is to import 100 per cent, definitely, you will be facing challenges, because the inflow of foreign exchange is not where it used to be a year and a half ago,” he added.
The Group Managing Director, Access Bank Plc, Mr. Herbert Wigwe, on his part, said a number of manufacturers were facing hard times due to their inability to access forex to buy raw materials.
According to him, there is a need to explore import substitution, while efforts are being made to boost forex supply in the country.
Wigwe said, “We have a lot of manufacturers who have to rely on forex for their raw materials but who are going through tough times. However, are there opportunities? I believe there are. I think it is time for us to move towards import-substitution. But I think we need to do things to support the supply side of forex and liberalise the market.
“Even for those who have to source their raw materials locally, there is a value chain effect. If the entire value chain in a production process is not sorted out, we will have a problem. So, access to foreign currencies for raw materials is important. However, it is important that people start looking at how to use local raw materials to produce.”
The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, said the Federal Government was focusing on creating an enabling business environment to attract investment and fast-track industrialisation.
He noted that efforts were being made to give adequate support to Micro, Small and Medium-scale Enterprises.
Enelamah said, “The key is to create the right incentive, regulation and policy so that people can work with them and do more locally than just importing. The other thing I should mention is that Nigeria has an industrial revolution plan developed by the last government, but the plan needs to be revisited.
“We need to look beyond the rhetorics and actually implement what we are talking about, because I believe that if we implement them, we will get better result.”
The minister added that the government of President Muhammadu Buhari had made employment, local production and inclusive economy growth its top priorities
Lifestone: Op what are they in "West Germany " for. Studies? Excursions? Attachment?
Exactly three weeks after leaving Osun State and arriving in the State of Saxony-Anhalt in Germany for their three months intensive training in agriculture and food production technology, beneficiaries of the scheme have expressed high hopes that Nigeria’s fate lies in modern agriculture enterprises.
The ongoing training is in furtherance of the collaboration between the Osun State Government and the state of Saxony-Anhalt, Germany.
AZeD1: I know you support the APC but almost eradicating our power problems? Seriously? As a country, we need to be generating at least 50k MW and we have not even gotten to 10MW.
We are moving forward but we are not even close. Easy with the exaggeration.
Almost eradicating and Eradicated are 2 different things...
Power supply is stabilizing as we speak
We have 14 new solar power plant coming up
4,000MW Mambilla power plant is coming up
IPPs are going up in Kano, Kaduna and so on
Dangote Gas plant means more than enough Gas for our gas starved power plants
Dangote power plant is set to generate whooping 12,000MW less than 2 years from now
6,000 installed capacity
1,275MW solar
4,000MW Mambilla
12,000MW Dangote
= 25,000MW
We will have steady power supply in less than 4 years..
Yes, I can see the light at the end of the tunnel.
This has nothing to with APC or any political party, this is reality...
800 Nigerians Sponsored by Dangote Group Departs India to Study Refinery Operations
As part of its plan to commence the Dangote Petrochemical refinery in 2018,Dangote Group has sent its first batch of management trainees to India. The 50 engineers will gain expo training and capacity building on the technicalities, models, and framework of the refinery, by world class experts and professionals.
Some of the trainees who spoke to Proshare WebTV, were excited that they will be part of the team that will design, construct and drive the operations of the Dangote petrochemical refinery. For them it was a landmark and history in the making, as they will be pioneers of what will emerge as the single largest refinery in the globe..
According to Mr Mohan Kumar, Director Human Capital Management & Project Support, the objective of the “training scheme” is geared towards building the Nigerian talent, improving the core competence of the trainees and exposing them to the latest technologies in the petrochemical industry.
Mr Kumar particularly noted that the Group was in partnership with an Indian company, that will also equip the Nigerian trainees on design engineering. Also speaking Engr. Mansur Ahmed, Executive Director Stakeholder Management and Corporate Communictaions said the 1-year training programme for all the engineers ,will give them an opportunity to understudy the functionalities of refineries in India. The Dangote Petrochemical Refinery, with an earmarked production capacity of 650,000bpd is to be located in the Lekki Free Trade Zone, Lagos. Valued at about $14bl the refinery which will comprise the petrochemical and fertilizer plants, when completed will change the landscape of the Nigerian economy. It is an ambitious project of the Dangote Group, that is determined to address the socio-economic challenge of perennial “ long fuel queues” in the nation.
Imagine 800 young Nigerians with technological know how in refinery, petrochemical, fertilizer and gas plant operations. Never before in the history of Nigeria. The sky is the limit.
And they'll return to pass the knowledge to many many more Nigerians.
How can any Nation industrialize without petrochemicals when it's the basic foundation of manufacturing?
How can any Nation attain food security, diversify and export without self sufficiency in fertilizer?
Nigeria has more arable and agriculture land than China
How can any any Nation attain stable electricity without self sufficiency in Gas production that alone is going to give us at least 12000MW of electricity.?
How can any Nation progress without jobs. These projects alone are going to generate hundreds of thousand of jobs, generate taxes for Lagos and the FG...
These projects alone totally diversified our whole economy..
Bethelwealthy: Congrat my brother, You medal is waiting. D reason d north will always be backward inspite of their access to power and resource is because they are brain-dead. If you are indeed concerned by Nigeria wouldnt you rather clamour for a level playing ground.?? inside ur stupid mind, you are thrasing me abi? No be small thing
[/s]
Bethelwealthy: .........The ZOMBIES will still chant SAI BUHARI. ........................or blame GEJ.
Worry about your ipob and let Nigerians worry about Nigeria...
Bore you because somebody introduced shit and you prefer it till eternity...Human nature in itself is amenable to change...mutation and evolution..Does this make sense to an IPOO..?[/s]
Stingman: Your cure is in your unstable emotions...If Igbo man instituted CORRUPTION...should it be sustained or reformed to suit the exigency of the time or not?...and how come I need a cure...am I Abdullahi?
thedarksider: abegi,,,mr igbo,park well..i joined nairaland atleast one and half years ago.....the war was already raging...it was the same time kanu was talking rubbish in america about weapons blabla.... do you wanna tell me the yorubas have no rights to defend themselfes??...
Ikechukwu48: 1.) Yolobas started the tribalism in NL. Infact it was so severe, your first victims which in that case was northerners ran out of NL because of it. It was that bad that when the list of FBI most made NL and the names were all yoloba, the only hausa boy left at that time insulted, degraded and you lots when confronted and cautioned by others, his only reply was among the line of "they did that to us." Do you need the link to that cause I'll be more than happy to provide it. After the northerners left, you turned your tribalistic ads to Igbos but unlike north, Igbos took una heads on and more showed up. Pretty much the same way you lots have turned your tribalistic eyes to ijaws was the exact same shit you did to igbos.
As for the rest of your crap, why argue when I can quote non Igbos opinion on it
Let's see who others believe brought in tribalism in Nigerian politics.
North Reference:SLS [ yorubas are the problem of Nigeria]
Edo Reference: Igho [midwest and the future of Nigerian federalism]
As you lots brought in tribalism on NL and asee well control the tribalistic forums of that country is exactly the same way you lots brought in tribalism in N8ferian politics.
You lots oozes tribalism.
[/s]
Substituting credible and documented history with one man's silly and irrelevant opinion is idiocy...
Stingman: SEE what a northerner said, after reading an independent view about the Bifara war>>>>>
"They say a man without the knowledge of history is like a man without memory. As a northern Nigerian under the age of 30 I’ve always wondered why the Igbos tend to refuse to apply themselves very well politically.
I guess they’ve always wanted to be Biafrans (and justifiably so), not Nigerians. They didnt just want to ‘threaten’ Nigerian unity like they have always been accused of doing… I now understand where they’re coming from.
Just imagine if the Igbos were simply allowed to break away and form their Biafran Republic, how this entity called Nigeria would have fared. Maybe we will have ended up becoming prosperous friendly nations and economic allies with special ECOWAS relationships. And certainly the shameless massacre by the Nigerian and British governments will have been completely avoided.
Nigeria may be better off united economically and militarily, but the true yearnings of the peoples involved count more than mere economic growth on paper. Everyone has to feel among and feel important. Maybe, just maybe, if we were all allowed to go our separate ways we will end up becoming friends and allies and everything will eventually turn out for the better" Abdullahi.
1. ibo man aka Zik wanted One Nigeria hence going against wisdom and advise when he teamed up with the North to form One Nigeria
2. Ibo man aka Aguiyi Ironsi abolished regional autonomy and system of government when he gave us the current power in the center form of government and One Nigeria.
3. Ibo people love One Nigeria even till today because they love the fact that they belong to the so called National party called PDP that's basically ruled and dominated by the North even though the same PDP has no interest in making any ibo man or woman the president of Nigeria and in fact, the same PDP already zoned their 2019 presidential slot to the North.
Look in the mirror for your illness for proper diagnosis and cure if you can..
Ikechukwu48: Will you shut that your misrable lying mouth I've v been on NL some 2012 and the hate started from YOLOBA. Hell both website ran by yolobas, aka naijapals and nairaland, are both tribalistic den. Ironically enough the same can't be said on any site ran by any other tribes in Nigeria including hilariously enough a North aka that hausa boy's blog.
You mofos have displayed hatred towards igbo since the creation of NL, infact MAJORITY of Igbos that hate you lots, myself inclided, we're turned tribalists because of you animals and all that happened before GEJ lose. And I can back up Everything I just said with quotes dating all the way back to 2012.
Hell even the Nnamdi Kanu's that you misenable rats masterbate over was equally made a tribalists by you lots, not the other way around. After all, in year 2011 he was video taped fighting for all Nigerian...fast forward to year 2015 and he Hayes una with passion. What changed? Oh I don't know maybe the fact your worthless tribe rejoiced each time massob Myers were killed by the security force. Who the f2k that claims to "love you" applauds your death.
Do not come here and spread some Bullshit lie because theory are some of us that's been a member on NL and seen who started the tribalism on this forum.
Slow your role, I was here too and it was the other way around.
1. Tribalism on NL was started by ibo on NL and Yoruba people used to ignore your tribal insults till like 2-3 years ago when they stopped turning the other cheek for you to insult.
2. Tribalism in Nigeria is strictly an ibo thing and it started way way before independence when hatred for Yoruba people made Zik/ibo man teamed up with the North against wisdom for such action by the rest of the South.
3. The first coup, bloodshed and National violence was introduce by ibo man when they tribally slaughtered military and political readers from from the North and SW.
4. Yoruba and Hausa people after the coup and loss did not do anything and in fact they gave power to an ibo man as the new head of state, but what did he do, he played the same ibo tribalism by refusing to punish the coup plotters and sadistic killers, he dd not even slap them on the wrist because they were ibo and this is what led to the violence against ibo people in the North
5. Our regional autonomy and system of government was terminated by ibo man when he abolished regional system of government and finally put us all in the same basket with power moved to the center instead of the states and regions.
6. Achebe spewed hatred and tribalism till his last breath and straight into his grave with his hate book...
Nigeria is what it is today because of hatred and ibo tribalism and tribal ways and their tribal was is still on full display till this very second hence still languishing in the wilderness with zero social, political and economic power and alliance..
You are basically reaping what you sow and have been sowing since way before independence...
Scatec Solar secures 100 MW Solar Project in Nigeria
Scatec Solar has signed an agreement with CDIL, a Canadian renewable energy development company focused on Africa, and BPS, a Nigerian strategic consulting firm, securing the 100 MW (DC) Nova Scotia Power plant located in Jigawa State, Nigeria. This agreement was announced in connection with Scatec Solar’s second quarter results.
The Nova Scotia project company signed a 20-year Power Purchase Agreement (PPA) with the Nigerian Bulk Electricity Trading Plc (NBET) last month.
"Solar power in Nigeria has significant long-term potential, and we want to take part in the development of this new market. This investment is the culmination of an extensive review during which the Nova Scotia Power project stood out thanks to its exceptional fundamentals. With the quality of its site, development standards and equity funded by Scatec Solar and its partners, the project is ideally positioned to progress rapidly to financial close” said Raymond Carlsen, CEO of Scatec Solar.
"We recognized the importance of partnering with a sponsor able to bring the project to financial close and with whom we share a long-term vision. We are proud of teaming up with Scatec Solar, who has demonstrated its unique ability to deliver similar projects in Africa”, said Arif Mohiuddin, President and CEO of CPCS, the parent company of CDIL.
A long-term player with an installation track-record of close to 600 MW, Scatec Solar will develop, build, own and operate the solar power plant in Jigawa. The project is expected to reach financial close in 2017 and commercial operations 12 months thereafter.
Currently, Scatec Solar produces electricity from 404 MW of solar power plants worldwide and is a leading independent solar power producer in Africa with nearly half of this capacity located in the region.
revolt: Buhari gave out licences, same way abacha gave out licences, a licence isn't enough reason to come do business. A Every investor needs guarantee on the safety of his investments. Even the banks will not give out loans if they fear loopholes in the sector being invested in. It should be noted that not everybody has the support and clout dangote enjoys from this govt. Why was dangote scared of building his refinery in the last admin?
If you don't put laws protecting investments in that sector nobody will put money in there. I expect the president to radically insist the Senate pass the PIB. Giving dangote our scarce forex at the detriment of all other businesses is terribly biased and bigoted.
I'm tired of this topic, and just like I spoke out during the ojota jamboree of 2012 and the resultant effect, I'll sit down and watch. we still remember what happened in the cement industry when dangote was the monopply,and how the fg sabotaged ibeto, cause no laws protected him.
Kill all other businesses so we have a dangote refinery, good buhari economics. I've never heard where fg finds a private business and destroys others. Some people still think it's equity .
1. Your looting and stealing jona and his PDP gang looted our forex dry to the bone and this is the reason why we have to prioritize where and how we allocate our meager forex.
2. Dangote's projects are of vital National interests and he obviously justified the 10% allocated to his company.
3. If you have anything against it, it is your burden to let us know the companies with such groundbreaking projects with significant National economic impact like Dangote's projects that were denied forex.
4. 100% - 10% = 90%. Meaning we still have 90% left many many more investors like Dangote so what's your crocodile tears point?
All you ipobs and anti Nigerian elements are doing is crying and spewing ignorant and emotional trash with zero logic and rationale..
In this area, I have no problem with you since this is really the kind of idiotic and bigoted nonsense you are known for and exactly what I was asking you to stick to instead of masquerading around like you really care about Nigeria when in fact you are just another anti Nigerian ipob....
I care less about your ipob trash, but go back to the topic to spew trash and I'll be there to trash you like I've been doing..
revolt: he's still onw of those ppl spreading beer parlor gist that yorubas are more educated than bla bla.... does he even know who the pioneer indigenous lecturers of the 1st universities in nigeria and the west were? They love to rewrite history sha
Common federal appointment to a federal institution means you are more educated?
Politics › Falae Links Jonathan To N100m Election Funds Scam. Email To EFCC As Evidence by aresa(op): 4:02am On Aug 29, 2016
