*How top govt officials looted N70trillion hidden in 29 bank accounts* Exclusive.. *HOW TOP GOVT OFFICIALS LOOTED N70TRILLION HIDDEN IN 29 BANK ACCOUNTS* written by Our Reporter December 15, 2022
Report fingers top CBN, Zenith Bank, First Bank officials
Court adjourns case till 6th of March 2023
Attorney-General of the Federation and Minister for Justice grows cold feet
Honourable Justice Peter Odo Lifu of Federal High Court, Ikoyi, Lagos has adjourned till 6th of March 2023 the suit seeking for the Recovery and Forfeiture of over N70 trillion of looted funds in the hands of few Nigerians.
The revered Justice presided over the suit marked No: Fhc/L/Cs/968/2021 on the 7th of March 2022 and adjourned to the 31st of March 2022 for ruling before the last adjournment till March next year.
The money said to be stashed away in 29 bank accounts mainly in Zenith and First banks is enough to fund Nigeria’s budget for three years with some change to keep. The proposed budget for 2023 is N20.5 trillion, meaning that the N70 trillion hidden by some Nigerians could effectively finance the national budget for three years.
Attempts by Muhammad T. Ismail (a private investigator) and his team to recover the N70 trillion through the office of Ndarani (SAN) & Co (Solace Law Chambers) have met a brick wall as some vested interests in high places have moved in to frustrate the case.
The investigator lamented that all efforts to recover the said loot were being frustrated by some vested interests in the Presidency, Central Bank Nigeria, Zenith Bank and First Bank.
Below is the full deposition made by the investigator:
*BRIEF ON THE RECOVERY AND FORFEITUURE OF OVER N70 TRILLION NAIRA OF LOOTED FUNDS IN THE HANDS OF FEW NIGERIANS IN SUIT NO: FHC/L/CS/968/2021.*
1. Muhammad T. Ismail (a private investigator) and his team were able to identify fraudulent bank accounts where trillions of illicit funds belonging to the Federal Government of Nigeria were domiciled. Mohammad T. Ismail needed a legal instrument to recover these illicit funds to the Federal Government of Nigeria.
2. Muhammad T. Ismail therefore approached Ndarani (SAN) & Co (Solace Law Chambers) and instructed him to write and request for a letter of mandate/instruction from the Attorney-General of the Federation and Minister for Justice, and also from the Minister of Finance, Budget and Economic Planning of the Federal Republic of Nigeria on his behalf, for the recovery of the illicit funds hidden in some secret bank accounts in Nigeria. These funds belong to the Federal Government of Nigeria. This letter from Muhammad T. Ismail was received and acknowledged on the 6th of January 2021 by the Head of Department of Civil Litigation in the Ndarani (SAN) & Co (Solace Law Chambers), Barr. Saidu Alfa Bala.
3. Muhammad T. Ismail also swore to an Affidavits on the same date of 6th of January 2021 in support of the instruction given to Ndarani (SAN) & Co (Solace Law Chambers).
4. As instructed and being convinced of the facts available, Ndarani (SAN) & Co (Solace Law Chambers) wrote to the Attorney-General of the Federation and Minister of Justice, the Minister of Finance, Budget and Economic Planning and also to the Accountant General of the Federation. Ndarani (SAN) & Co (Solace Law Chambers) requested for a mandate and instruction to recover Federal Government looted and hidden funds on behalf of his client who is Muhammad T. Ismail. (Copies of all these letters and correspondences will be made available to you on request).
5. The Office of the Attorney-General of the Federation and Minister of Justice responded on the 14th of January 2021 by way of inviting Ndarani (SAN) & Co (Solace Law Chambers) for a meeting scheduled for the 19th of January 2021 to discuss details and procedures for the recovery with the Asset Recovery Unit in the Office of the Attorney-General of the Federation and Minister of Justice. Twenty Nine (29) bank accounts where a combined sum of over seventy trillion naira (N70 Trillion) belonging to the Federal Government was hidden were identified.
6. On the 21st of June 2021, The Office of the Attorney-General of the Federation and Minister of Justice approved and issued the letter of instruction to recover illicit funds traced to specified accounts of individuals to Ndarani (SAN) & Co (Solace Law Chambers). The letter of instruction also listed the twenty nine (29) bank accounts. The twenty nine (29) bank accounts are in seventeen (17) banks in Nigeria.
7. As expected, Ndarani (SAN) & Co (Solace Law Chambers) ran to the Federal High Court 9, Ikoyi Lagos where most of the Bank Head Quarters are domiciled. The case was between (1) The Federal Republic of Nigeria (2). The Attorney-General of the Federation and Minister of Justice as Claimants/Applicants against the seventeen banks as Defendants.
8. On the 9th of August, 2021, Hon. Justice T. G. Ringim gave several orders including an Interim Order of Forfeiture. All the Banks were served accordingly. The Banks were also to provide Ndarani (SAN) & Co (Solace Law Chambers) all documents and information relating to the listed accounts.
9. Shockingly, the Banks could not provide information regarding the ownership of twenty six (27) out of the twenty nine (29) accounts. That automatically meant that all the funds in the twenty seven (27) accounts should be forfeited to the Federal Government of Nigeria even as no one has come to claim ownership of the accounts. But this has not happened till date. The hands of the courts have been tired down.
10. Three (3) accounts stand out. The affected banks were able to provide documents relating to the three (3) accounts;
1. Zenith Bank Plc.
Account Name: NNPC (REM ACC/PRIVATE)
Account No: 1012280444
Account Bal. N32 Billion Naira
Currency Type: Naira
2. First Bank Plc.
Account Name: NNPC/ NAOC IPP SECURITY
Account No: 2006367288
Account Bal. N147B Naira
Currency Type: Naira
3. First Bank Plc.
Account Name: NNPC/NAOC IPP SECURITY
Account No: 2005942905
Account Bal. $299,613. 72 USD
Currency Type: DOLLAR USD.
11. This is the interesting part; Zenith Bank Plc., suddenly woke up from sleep and said that the N32B in Account No. 1012280444 with Account Name NNPC (REM ACC/PRIVATE) has been swept into NNPC Remittance Account (Coastal PRD Sales) Account No. 1010654418 from where it was eventually transferred to CBN/TSA Account No. 3000004989 with the CBN on the 7th of January 2016. This is not true.
12. Recall that the CBN directives for all balances/receipts due to the Federal Government or its Agencies to be paid into the Treasury Single Account (TSA) ended on or before September 15, 2015. Zenith Bank Plc. has not been able to give explanation as to the reason Account Nos. 1012280444 and 1010654418 were still operational after September 15, 2015.
13. Another shocking revelation is that Account No. 1012280444 with Zenith Bank Plc. has five (5) BVNs as follows: 22173355534,22376914983, 22193440291, 22367697055, and 22235680190. Zenith Bank Plc. has not been able to supply statement of accounts for Account Nos 1012280444 and 1010654418from inception to date. They cannot provide photograph pictures of the five (5) BVN owners.
14. Zenith Bank Plc. stated that Account No. 1012280441 (another account being investigated with N32B lodgement) belongs to Mrs Okoro Comfort with cellular number 08130734041. However, Mrs Okoro Comfort, through her counsel denied any knowledge of the said account or any other account with Zenith Bank Plc. Mrs Okoro Comfort admitted that her cellular number is 08130734041 and her BVN is 222417%%%49 different from the BVN 2236767055 attached to the account number 1012280441.
15. BVN 2236767055 belongs to Mr Okam Eze Ezenna who receives transaction alerts from Account No. 1012280441 with two (2) cellular numbers 08139383487 and 08130734041which belongs to Mrs Okoro Comfort. Account Number 1012280441 with Zenith Bank Plc. has Thirty two million naira (N32m) with no identifiable owner coming to claim it.
16. The question in the mouth of every concerned person is, what is holding back the hand of justice to declare total forfeiture of all these stolen funds to the Federal Government of Nigeria.
17. It is expected that Muhammad T. Ismail and Ndarani (SAN) & Co (Solace Law Chambers) should have a Memorandum of Understanding (MoU). At the beginning of the assignment, Ndarani (SAN) & Co (Solace Law Chambers) allotted a space to Muhammad T. Ismail and his team in his office to do the leg work and provide the needed information for Ndarani (SAN) & Co (Solace Law Chambers) to do the needful. Surprisingly, Ndarani (SAN) & Co (Solace Law Chambers) has not shown any interest in signing the MoU with his client, Muhammad T. Ismail.
18. On the 7th of September, 2021 Ndarani (SAN) & Co (Solace Law Chambers) wrote to the Office of the Attorney-General of the Federation and Minister for Justice to provide Bank Account details to receive recovered funds to the tune of one hundred and seventy nine billion naira (N179B) and $299,613.72 USD from three (3) out of the twenty nine (29) accounts.
19. On the 8th of September, 2021 Ndarani (SAN) & Co (Solace Law Chambers) also wrote to the Central Bank of Nigeria, complaining against the uncooperative attitude and disobedience of court orders by First Bank Plc. and Zenith Bank Plc. Proof of service of the court orders was attached to the letters to the CBN.
20. It was after the request for bank details was sent to the Office of the Attorney-General of the Federation and Minister for Justice and a complaint against First Bank Plc. and Zenith Bank Plc. was sent to CBN that trouble started. Some persons who are in position to drive the process for the recovery of the illicit funds became threatened and they had to act fast to stop the process.
21. In their response on the 27th of September 2021, CBN stated that they cannot act because they were not served any court order and that necessary steps should be taken to effect service on the CBN to enable them respond to the request. The Office of the Attorney-General of the Federation and Minister for Justice, although received the letter of request for account details to receive recovered funds, never responded and the request not met.
22. *In March 2022, Ndarani (SAN) & Co (Solace Law Chambers) invited Mohammad T. Ismail and told him that the Attorney-General of the Federation and Minister for Justice had terminated the recovery exercise but he could not show any document or correspondence from the Attorney-G eneral of the Federation and Minister for Justice to that effect. To make matters worse, Mohammad T. Ismail and his team were stopped from accessing the office and prevented from retrieving details of information in the office*.
23. *On one hand, Ndarani (SAN) & Co (Solace Law Chambers) claimed that the Attorney-General of the Federation and Minister for Justice had seized from pursuing the recovery of the trillions of naira for the Federal Government of Nigeria. However, he sent another SAN to represent him in court on the 7thof March 2022 in respect of the same matter that he told Muhammad T. Ismail that the Attorney-General of the Federation and Minister for Justice had seized to pursue.*
24. Hon. Justice P. O. Lifu of FHC, Ikoyi Lagos presided on the 7th of March 2022 and adjourned to the 31st of March 2022 for ruling. Since then, it has been adjournment upon adjournment with the next adjournment scheduled for 6th of March 2023.
25. Ndarani (SAN) & Co (Solace Law Chambers) is now foot-dragging in pursuing the case as it should be. Mohammad T. Ismail is also not enjoying the cooperation of the Attorney-General of the Federation and Minister for Justice as it was in the beginning. The Judge only announces long adjournment to frustrate the case. The Banks too are acting above the law. CBN is not worried that trillions of naira which can service our national debt was being stolen.
26. Several correspondence had been sent to Ndarani (SAN) & Co (Solace Law Chambers) to release copies of all the correspondence relating to the recovery exercise but he hasn’t obliged. He has also refused to sign the MoU with his client, Muhammad T. Ismail who owns the recovery exercise and hired him to work for him. He is no longer showing seriousness in the recovery pursuit.
27. It can only be concluded that some persons are congregating to share over N70 trillion belonging to the Federal Government of Nigeria. We have a responsibility and a sacred duty to let the world know the truth and those who are sabotaging this nation and causing everyone to crawl while they ride on horseback.
Copied.
Let them go and exposed this corruption in human right radio Abuja
Abisolababe: Good morning Nairalanders I want to share my testimony with you on how Good saved my life on Thursday. Please don't mind my errors I'm into catering and decorations ,I receive a call from a particular lady asking me to come for a business contract at Mowe Ogun State, she had collected my number at one event in Sagamu with the hope that she will help me with a job. I was so excited to get the contract so I left for Mowe on this fateful day. On getting to move I called this lady and ask me to cross to the other side of the road. Lo and behold I saw this lady and we talked for about 20minute to negotiate the price, after we both agreed on the price she ask me to follow her to the venue where the party will be held. On entering the car I saw two guys sitting at the back and a man who happens to be the driver, I was shocked when I entered the car, I was not myself again and wasn't feeling comfortable. I picked my phone so that I can text my mom but the next thing I heard was a hot sounding slap, the guys at the back collected my phone and was trying to strangle my neck, I was unconscious. This incident happened around 2pm in the afternoon, I wasnt myself until we arrived at the unknown spot..then my eyes was wide open, it was then I knew I had entered into kidnappers den. I was tied down with rope and I met four different ladies who were already naked. They collected my bag and my two phones, I started praying and asking God for forgiveness because I know that is the end, there is no way I can escape this. They held us hostage until some set of people came and took three of the girls away after they have killed them. To my greatest surprise the man ask me to thank my star that I would have been a dead soul by now and that I should keep on serving God. I can't even recognize the location of the incident but when they release me and ask the people in that area, they told me that I'm in shimarwa. It was God that saved me because I had to walk a long distance before I could see a car to help me down to Mowe bus stop because it was around 8pm In the night as I was left with nothing. I had to sleep at a filling station after I had explained my experience to the manager. I still feel the shock in my body because this is this first time in my life that I will be having such experience. Let's be careful of people who transcact business with this season and I pray we will not be victims of kidnappers and unknown killer in Jesus name.
Why don't you report this incident to DSS, I said DSS because police may not do a nice job. Failure to report to security agencies this guy's will be free in the society and alot of people will still fall victims
Viking07: I no longer keep my salary in my account. Immediately it enters I don move all out to somewhere else. They should be aware that this is the wrongest time to ask for repayments. Inflation is at an all time high over 200%. So many job loses everywhere, companies shutting down. Just this evening a popular restaurant just closed down here in Abuja . I’m sure the story will hit front page tomorrow.
very soon they will debit any money that enter through your bvn linked account, also remember their is penalty for late payment
https://www.youtube.com/watch?v=K172bBCsKb0 The construction of the Loko-Oweto road is indeed a big relief for motorists travelling to Otukpo and other eastern and southern parts of the country from Abuja or Keffi and its environs.
Using this route, the people of Benue South Senatorial district travelling from Abuja will no longer have to pass through Lafia to Makurdi or through the longer route of Lokoja-Ejule road to Otukpa before getting to their destination.
what of the connecting road from keffi to loko town, have it been constructed
shimolv: The Port Harcourt auction process is being handled by Samurira Ventures Integrated Services Limited and fully monitored by the EFCC and the media. Hundreds of people showed up at the Port Harcourt Zonal Command and inspected printed photograph of the vehicles pasted on the wall.
Small cars As Low As N100,000 ($130) were auctioned. While some fuel tankers were sold at N3,200,000 ($4,500).
Under a normal conditions hope uzodima would have purchased innoson vehicle but since innoson castigated imo state government in the last vehicle they bought now the state government have to look elsewhere
Till date I did not learn how to drive, I only start driving with confidence and observation. That last two years ago, now I am a master of the road now.
Potatoes is supposed to be the most cheapest food item in Nigeria, how do people cultivate potatoes, you just cut a potato leaves and plant it on the ground next the stem will start germinating and spreading on the ground till you harvest it. Infact the left over stem on the ground will still germinate and produce another potatoes in next planting season.
This policy will help curb inflation especially the aspect of printing less higher denomination note such as 1000 naira. Printing 200 naira will bring more smaller denomination into circulation and bridge inflation
lrman: So what if you go to a shop to buy a product with price of more than 20k..?? That means you cannot pay via pos unless you use a bank transfer ??smh..
Shouldn't cost you more than 5k to scan only and get you any error codes. If you use honda, take the car to Oyingbo in lagos. That is the home of honda mechanics.
For those that said juju is real. Oya carry juju and go to the bank and ask the cashier to pay you money from the bank. Not until the empty the bank vault bacause of juju I don't believe it.
Crime / Re: NAF Special Forces Rescue 7 Abducted Chinese In Kaduna by Asquare84(m): 7:20pm On Dec 17, 2022 
