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According to sources, a portion of the forfeited funds, amounting to N54 billion, was distributed among certain ministers and aides of President Tinubu, in collaboration with EFCC officials.


Some of President Bola Tinubu’s ministers and aides have been accused of sharing over N54 billion from the N120 billion forfeited to the Federal Government by Aminu Yaro and his wife, Saadatu Yaro.

The Yaros, who were associates of former CBN Governor Godwin Emefiele, reportedly agreed to forfeit the funds as part of a plea bargain with the EFCC to drop pending criminal charges against them.


Sources have characterised this development as scandalous.

"Emefiele’s accomplices Aminu Yaro and his wife, Saadatu Yaro forfeited N120 billion as plea bargaining,” one of the sources said. "Now Tinubu's aides and ministers shared over N54 billion of the money amongst themselves and EFCC is complicitly aware.”

When contacted by SaharaReporters, Mr Dele Oyewale, the EFCC's Head of Media and Publicity, declined to comment on the allegation, neither confirming nor denying the allegation.

"Let me find out; I will get back to you," he said.

At the time of filing this report on Tuesday morning, Oyewale had not responded to SaharaReporters' inquiry.

A June 16, 2023 report by SaharaReporters disclosed that the EFCC's investigations had revealed a N70 billion fraud allegedly perpetrated by Godwin Emefiele, former CBN governor, in collusion with others.

Sources indicated that Emefiele, Alhaji Aminu Yaro, Sarkin Hausawa of Lagos, and his wife, Saadatu Ramallan Yaro, generated the funds through a foreign exchange differential fraud scheme facilitated by Emefiele.

According to the sources, Emefiele grossly abused the privileges of the office by making quick cash from forex differential fraud with the help of the Sarkin Hausawa of Lagos, Yaro and his wife.

“This is a case of forex differential fraud involving the CBN governor, Godwin Emefiele.



“The governor sells forex to various individuals at the official rate on paper. He has an understanding with the individuals that they will sell at the black market rate when the CBN credits the banks of the individuals that buy the forex.



“When they sell, the difference will be paid into the account of Aminu Yaro on behalf of Emefiele,” one of the sources said.



“So far, about N70 billion has been traced to the account in the course of the investigation.”



According to sources, Saadatu Ramallan Yaro was a signatory to the company account where the funds were deposited.

On May 22, 2023, SaharaReporters reported that the EFCC charged Saadatu Ramallan Yaro and her company before Justice Obiora Egwuatu of the Federal High Court, Abuja, with money laundering offences totalling over N140 billion.

Yaro is also a director of April 1616 Investment Limited and Amsamay Limited. In a 25-count charge, she was accused of failing to report Tsami Babi Resources Limited's activities, enabling transactions exceeding N100 billion into the company's account with a new generation bank, in violation of her duties as a director of a designated non-financial business.

Arraigned alongside Tsami Babi Resources Limited, one of the counts against the defendants reads, “That you, Saadatu Ramallan Yaro, being a Director Of Tsami Babi Resources Limited, a designated non-financial institution, between 5th July, 2021 and 20th day of April, 2022, in Abuja within the jurisdiction of this Honourable Court, failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the total sum of N20,967,535,184.00 (Twenty Billion, Nine Hundred and Sixty-seven Million, Five Hundred and Thirty Five Thousand, One Hundred and Eighty-Four Naira was deposited into the Company’s account No.1216254641 domiciled in Zenith Bank Plc and you thereby committed an offence contrary to sections 5(1) (a), 16(1) of the Money Laundering Prohibition Act 2011 (as amended) and punishable under section 16 (2)(b) of the same Act.”



Another count reads, “That you, Tsami Babi Resources Limited, a Designated Non-financial Institution, in year 2021, in Abuja within the jurisdiction of this Honorable Court, failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the total sum of N17,623,756,150.00 (Seventeen Billion, Six Hundred and Twenty-three Million, Seven and Fifty-six Thousand, One Hundred and Fifty Naira) was deposited into the company’s account No. 1017359121 domiciled in Zenith Bank Plc and you thereby committed an offence contrary to sections 5(1)(a), 16(1)(f) of the Money Laundering Prohibition Act, 2011, as amended and punishable under section 16(2)(b) of the same Act.”



In a separate 12-count charge, Saadatu Ramallan-Yaro is accused alongside M.A.Y Fine Fragrance Limited, a designated non-financial Institution, of money laundering offences totalling N40 billion.

One of the counts reads, “That you, M.A.Y Fine Fragrance Limited, a designated non-financial institution, between 19th day of May and 9th day of August, 2022, in Abuja within the jurisdiction of this Honourable court, failed to submit to the Special Control Unit Against Money Laundering, a declaration of your activities within which period the total sum of N15,761,938,147 (Fifteen Billion, Seven Hundred and Sixty-one Million, Nine Hundred and Thirty-eight Thousand, One Hundred and Forty-seven Naira) was deposited into your account No.1222868021 domiciled in Zenith Bank Plc and you thereby Committed an offence contrary to Sections 6(1) (a), 19(1) (f) of the Money Laundering (Prevention and Prohibition ) Act, 2022 and Punishable under section 19(2)(b) of the Same Act.”

The defendants pleaded not guilty to the counts.



https://saharareporters.com/2024/08/20/tinubus-ministers-aides-shared-n54billion-n120billion-forfeited-emefieles-accomplices

Tajbol4splend:
What is difficult for you to understand that an Igbo cannot have a Political seat in Yoruba land, it's an abomination.

Living under a stone

We have already some representing Amuwo Odofin constituency in Lagos

Oh wait. You’re right. I forgot Lagos is not Yoruba land 🤣🤣

Yugoslavia247:
If you hate women so much.
How about your daughter? Will you hate her too.

Please move on. Chase gals below your class.
Let gals of your class chase you.

This logic is for those that want to have a stress free life.

What about the ones above your class ?

Ebubu3:
Is planting of trees in Fegge a sin?

Just concrete everywhere, no trees, no art, no aesthetic, no allure. No modern design. Just cement literally everywhere.

Ttipsy
Bestmanfornow
Sonature

How many trees are in Surulere , alimosho and mushin combined ?

On a serious note , can they just legalize it already in the southwest ?

That free trade zone in ogun state , nah Yoruba meat dem suppose dey sell there

Na this is their heritage

If not for the Europeans that came in ships and the Hausas that came on horseback to flog sense into them, nobody in that region would be making it to the age of 60 .

Once you clock 59 , they’ll hunt you down like wild fowl and butcher you to pieces

yommen:
Accepted! Yorubas are evil. Can you all now pack your load and go back to your holy land, the east? At least, we affect you with their evil. Oya, make unna dey go now!

Ooni of ife has Igbo blood .
He is our son
Oduduwa also has Igbo blood through Bini and Igbo intermarriage in his bloodline

So we claim rulership over all Yoruba territory

Alexis11:
Yoruba thought your grandparents how to read and write, helped you form your alphabets, helped you translate your bible to Igbo, gave your forefathers their identity.

Stop being clowni.sh 😂 😂

lol. The white people taught you how to read

We had our own indigenous system of writing before the white people came. Look up Nsibidi.

What did you have ? . You couldn’t write until oyibo came

We had our market days , oyibo came and gave you business days .

Wait someone actually wrote that book ?

So these people are grateful to God that the great Igbo has blessed them with their presence

Without the presence of the great Igbo, the great Bini , the industrious Hausa and the Europeans , the southwest would’ve been like the stone ages

Humans parts would be traded in their markets like :

Max24:
Why not appeal to Obi to help Otti with ideas to generate money so that Abia can stop paying the ridiculous #20000 minimum wage which has since be discarded. Even if he can't pay #70k now let him upgrade it to #30k first. Or does it mean that Obi and Otti are clueless on how to generate funds to pay workers living wage? Obi that can not help Otti pay
#30k minimum wage is always criticising Tinubu that is ready to pay #70+ minimum wage for federal workers. Is that not hypocrisy? Imagine if he had won elections. Same way they are clueless in Abia is how he would have been clueless about Nigeria blaming Buhari. Do you hear Tinubu blaming Buhari for his challenges?; An incompetent man always find excuses to give while an achiever hits the ground running.

Jumping around from one pillar to post and spewing gibberish along the way

What is this nonsense

I asked you have you been to Obi’s garage to check his cars , you started spewing trash. On what ground do you stand to assert that Obi does not support his brother. Btw , Obi is a private citizen and not holding any public office currently. Is he accountable to you ? . Is Obi your messiah ?

You have a sitting president who hails from the political party that is responsible for the economic woes of the country but no they are not a flop. They should not even be held accountable according to you.

Behave yourself please . I don’t have time for nonsense miscreants .

Amibo1:

https://www.youtube.com/watch?v=1wmRh_x0KyU

Lagos Bridge Yoruba & Igbo Together Forever

"The Igbo and Yoruba share a rich cultural heritage, and the Igbo's warm hospitality and kindness towards the Yoruba have fostered a deep and abiding friendship between the two nations. By embracing each other's differences and celebrating their shared humanity, the Igbo and Yoruba can continue to thrive together, building a brighter future for generations to come."

#igbo #yoruba #lagos

The Yoruba culture was bestowed upon them by Oduduwa, a son of Bini.
The ancient Bini had interactions with early Igbo populations, probably intermarried and enjoyed the benefits of the ancient wisdom of our great ancestors.
Infact there’s an Igbo settlement in present day Edo state

So Igbo can claim lordship over Yoruba through Benin . Ooni is our direct descendant
Every Ooni has Igbo heritage

The Yoruba are privileged to have us among them . And they’re happy to sell their ancestral lands and resources to us. It shall be well with any great son of Yoruba who understands this and shows hospitality to the Igbo nobles dwelling among them

But curses and damnation await anyone who conspires against the blessed and ancient igbo dynasty

Max24:
Why not attack the message instead of the messenger. We have said so severally that Obi is not yet prepared for Nigerian leadership. Had he won he would have been the biggest flop of the century. That's why he is referred to as Agulu packaged fraud. Soyinka called him gbajue master.

What useless message

You’ve been to Obi’s garage to check his cars? Online miscreants cannot be taken seriously .
Yea enjoy your situation under the current best president ever . He’s not a flop . Another protest in the North and SW loading in Jan . This one would be called Ebi ti pawa pata pata.

FreeStuffsNG:
It was a PDP Governor who signed the contract just like the P&ID criminal case. It is always PDP and that's why we will never reward PDP or its low-budget version, ElluPee, with the Presidency.

But it was APC government that terminated the contract claiming that the company erected only a perimeter fencing on the property

The party of lies and deceit

diamond68:
Or add any names I am missing
1- obasanjo
2-Awolowo
3- Fela
4- Tinubu
5- Ajayi crowther
6-Wole Soyinka
7- lateef Jakande

Remove the thief from the list

You know who

Which one your papa dey drive ?

Dagah2:
It was for comparative purpose, believe me, as much as you hate to admit the point I was trying to make, it stands. If the Lagos indigenes had not sold off their lands with reckless abandon, these foreigners won't even have the mouth to utter such things. Have you seen these people laying such claims to Sango-Ota and entire Ogun State? I am never from Lagos and would never claim to be. I am proud of my roots

You may have a point here
But the truth is , they were massively outnumbered by the influx of yorubas from the southwest .
Are you referring to the former Lagos colony or the current Lagos as defined by its present noundaries ? Cos they’re not the same .

FreeStuffsNG:
This is the education we have been giving to a few people who think Lagos started after capital was moved from now underachieving colonial capital of Calabar to Lagos or when they/ their parents moved to Lagos to become Ara Eko .

Lagos has never been for sale and it's history has been well preserved so much that it serves as credible foundation further research and knowledge will be build upon.

The question you should answer yourself is are you an indigene or a resident ?

In case you don’t understand what the learned gentlemen is saying , let me explain it for you .
He’s saying that those of you from other parts of the southwest residing in Lagos can never be indigenes and have no more special status than say someone from Bauchi or Bayelsa .

Do you get it now ?

But BATISTS want Tinubu/Ganduje collaboration

You can see the difference between the two sets of people

Biodun556:
Nairaland news that a large container ship Bert in Onne generates a lot of comments that that would help descongest Lagos. How?

I don't understand how decongested Lagos will make South East grow when growing Abuja, Rivers, Oyo, Ogun and Kano have no negative impact on Lagos.

The sky is wide enough for birds to fly without disturbing each other.


South Easterners should work on their states without negative interest against others

Why do you desperately want Lagos congested ?

Did you conduct a census ?

The denials have started

AdolfHitlerxXx:
We don't do sit-at-home there. I'm 100% sure you have never seen an airport before. Not even the desolate one in Abakaliki

Stop mouthing off without proof