₦airaland Forum

Truth234:
@Adesiji77 According to a CBN report, about $20 billion is sitting idle in various domiciliary accounts. This is almost $23 billion of the entire foreign reserve of the nation, the problem is, as long as you have such amount sitting idle, the Naira will continue to struggle while the parallel market thrive due to the gap in foreign exchange rates.

So, the CBN is struggling to get an autonomy to effect changes to individual/company holding of dollars, including repatriation. It is all to control activities of saboteurs and further inject liquidity into the market.

Though, there are certain things to be removed from their demands, but this move seems necessary if we really want to curtail the illiquidity issue.

THE REASON 20B USD IS SITTING IDLE IN ACCOUNTS IS BECAUSE CBN HAS MADE IT IMPOSSIBLE FOR PEOPLE TO USE THEIR MONEY. CARDS DO NOT WORK, THEY CANNOT TRANSFER AND CANNOT WITHDRAW. This policy will deal the final blow to the naira. We are still waiting for policies and regulation like low interest finance and production clusters for adding value to rawmaterials and the production of intermediate goods -policies that will actually encourage diversification. Not all these noise about forex.

Many of us might have brushed the rahama indimi vs Mohammed babangida squabble as a mere marital dispute but beneath it lies the many troubles that our sisters and mothers are facing. Women being forced to give up their children when they leave a marriage. From what I have read even Islam does not hand over the children to the father so why did the Nigerian court hand over the four children to mohammed-someone who has remarried. How can another woman take care of the children better than their mother. Especially a woman who has had a hostile relationship with their mother. More details below-


https://www.naij.com/1054528-babangidas-wife-lied-husband-tried-fool-buhari-sultan-evidence.html

Paperwhite:
Buhari should be ashamed of himself. "Abacha never stole"yet he is going to shamelessly retrieve funds he claimed never existed.

The money is going to be returned to The abacha family. Malami is one of the abacha family lawyers

The woman that should be first lady not that one that went to disgrace her husband on international BBC.

Kogi bribe was used to bait ademola and co. The prayers of the kogi people shall not go in vain. These judges will suffer just like they make our people suffer.

kcnwaigbo:
All we can deduce from this charges is that money was paid into the Bank accounts belonging to justice Ademola and his Wife.

This is no proof of crime.The only way the EFCC can prove a crime was committed is for them to prove the judge was handling cases involving these companies as at the periods these monies were paid into their accounts. Anything other than that the EFCC has no case

My friend, you know very well that justice ademola is godson of justice Mahmud and he is the first point of contact for anybody that wants to buy judgement from the high court and supreme court. His case is well known. You also know that the was caught them red handed by using the bribe they collected to sell the recent kogi judgment as a a bait. They were set up and they fell for it because of greed and lack of shame

This is vintage Jonathan. He never has the back of his non ijaw loyalists. Ideally he should have sponsored a huge international propaganda machine to ensure dasuki is release but he has not done so. I am not surprised because i know what he did to kogi pdp when he sponsored people against the then governor because he manufactured it in his head that the governor betrayed him.

kcnwaigbo:
My dear you do not have anything against the honourable jurist.

You seem to have a personal link with the ngwuta judge and his friends. Tell them kogi judgement is haunting them. The only way he can be saved is to come clean on what transpired.

Sylvester Ngwuta will definitely regret the day he collected money to sell that shameless judgement he gave in the kogi matter. They gave him the bribe and a few hours later they swooped on him in a ' sting' operation. Cunny man die cunny man bury am. Ngwuta is in a fix now he cannot say the truth because that will amount to confession of guilt. God is great

The story around town is that he is being chased around by the spirit of the late audu.

drss2:
supreme court is d ONLY independent court in nigeria! d others have been compromised by d dullard.

GO AND READ THEIR JUDGEMENT IN KOGI THEN YOU WILL KNOW HOW CORRUPT THE SUPREME COURT IS. THEY JUST GO WITH THE HIGHEST BIDDER WHICH IS USUALLY THE INCUMBENT GOVERNOR BECAUSE OF THEIR ACCESS TO THE STATE'S PURSE.

This bello is gradually taking over from lai mohammed. Go and remove the bailout money and allocation from fixed deposit and pay people you want to go to mecca.

There is disquiet in Kogi State over alleged curious withdrawal of N450million from the state’s Ecological Fund account without due process.

The cash was withdrawn without the State Executive Council in place as required by the enabling law.

The account was drawn about two and a half weeks before the State Governorship Election Petition Tribunal delivered judgement on the polls that brought Governor Yahaya Bello to power.

But it was unclear last night what the cash was used for.

Investigation showed the cash was drawn on May 16, 2016 from the Ecological Fund Account Number: 1016623580 domiciled in UBA.

The account had a balance of N706, 102, 350.21 as at January 19, 2016.

A top source said: “The law governing the Ecological Fund says it must be discussed and approved by the State Executive Council.

“When the cash was withdrawn by government, there was no State Executive Council in place.

“There was no emergency ecological challenge in the state to have warranted such a huge spending.

“What is more baffling is that the cash was accessed barely two and a half weeks before the tribunal judgment on Kogi Governorship poll.

“The people of Kogi State want the state government to account for the whereabouts of the N450million.

“We want the Economic and Financial Crimes Commission to pay attention to the ongoing developments before the state becomes bankrupt.”

Another source alleged that the state government is becoming reckless with public funds.

The source said the state recently secured a loan of N2.4bn froma commercial bank for Sustainable Development Goals.

“They’ve started spending the money despite not getting the required counterpart funding,” the source said.

He added: “The state government tried to withdraw another N450m from the infrastructure loan account with a bank but they refused, citing CBN guidelines that require transfers directly to contractors.

“Since then the state government has been using a Lebanese contractor to draw down on the funds.

“There is an abuse of the system and no respect for due process. For example, Agasa road in Okene LGA was awarded to aconstruction firm without following due process at a total cost N3.2billion with about N1.2 billion mobilization fee already paid.

“Apart from the construct ion of nine roundabouts at a cost of N100m each, a Prado jeep cost the state government N78million. The weekly cost of cleaning Government House is N16m.”

Source: http://thenationonlineng.net/disquiet-kogi-curious-withdrawal-n450m-ecological-fund/

In the case of CPC vs Ombugadu. Page 45 of the judgement. The supreme court affirmed that votes belong to the candidate and also affirmed that a primary expires as soon as a winner emerges. So Bello really has no claim over primaries section 141 of the electoral act as amended was enacted to correct what is called the amaechi mischief in legal parlance. That section affirms that a CANDIDATE that does not participate FULLY in all stages of an election cannot be declared WINNER. Note the emphasis on CANDIDATE and WINNER. not party but candidate. It is a no brainer to know that votes belong to candidate and not to party. The judgement of the kogi tribunal did not come to those who are conversant with electoral cases as a surprise. The kogi case is a political case and justice can only be done at the apex court- the supreme court. Expect political judgements from the first two courts- tribunal and appeal. Bello knows he is in trouble hence his resort to using scare tactics to prevent the major actors in the case- faleke and wada from apealing.

Judgement was prepared by agf malami. It cannot stand the test of time. He has failed already. This kogi case will embarrass him.

Which supreme court? Remember at the beginning of this saga. AgF malami refused to go and seek direction from the supreme court. He will now do all he can to make sure this case does not reach supreme court. I see them using security agencies to persecute faleke and wada. This bello is a lucky guy sha

Dr Goerge Uboh, is the chief executive officer of Panic Alert Security Systems that was engaged by the Attorney General of the Federation, Mr Abubakar Malami to trace and recover federal government funds all over the world. Dr Uboh speaks with NAIJ.com on the sleaziness and the connivance of the AGF with the banking sector mafia to frustrate the recovery of funds. NAIJ.com: What is the latest on the controversy surrounding the asset recovery and tracing of funds for the Federal Republic of Nigeria?

Thank you for the previous interview. After that interview the president actually some people use the word queried…I would say treated my petition asking the Attorney General of the Federation (AGF) to respond. When you came I was actually drafting an open letter to the president because I thought the president had not responded to or rather treated my petition to him.

Now knowing that the president has treated my petition I had to rewrite the open letter and addressed the issue that the AGF raised. I started by saying that globally and universally speaking one does not need a letter of engagement to furnish information to any law enforcement agency. I cited Foreign Corrupt Practices Act (FCPA), Security and Exchange Commission (SEC) in the United States. I asked the president to use his network to look it up. In fact you can look it up…ahhh Whistle-blowers reward in the US. Reward is given to Whistle-blowers from anywhere in the world once you give tip regarding any US company that is corrupt in your company as long as that company is trading on the SEC. That being established and I now stated that tips are received from anybody regardless of the class of the person. Whether you are jail or ex-convict. I even went further to say that even prisoners serving term give tips to law enforcement and those information are used to reduce the sentence that they are serving or outright financial reward. And that even the more revered CIA and FBI actually go to prisons to recruit brains as operatives. And I went further to say that, Sir, Mr President Buhari you were once in jail. Obasanjo was once in jail and the late Mandela was actually sentenced to life imprisonment and from there he served of South Africa.

The issue that matter is the credibility of the information you are offering regardless of where you are offering the information from. After that I went into the crux of the matter that AGF has refused to recover the funds. I went into how the engagement vindicated me because I was able to trace funds that EFCC is hiding at access bank which I alleged a year earlier when I went to the senate. Access bank is the most culpable of the banks. Access bank expunged four years record for EFCC. So with this engagement I found out some of the monies. Of course, I found another fictitious account that EFCC is maintaining at Access bank. The EFCC uses to do their shenanigans, round tripping and pay salaries, insurance claims and all that.

NAIJ.com: Are you saying that some cabinet members of the present administration are working against the very reason why President Buhari was elected?

So it is really appalling that you guys, the cabinet members that Buhari appointed and as I stated in my open letter to Buhari that for these banks to be flouting TSA and most of your cabinet members are coming on record to say that the banks have complied with TSA. So what are we saying? So what sort of people are we dealing with? Before we (I and Mr Abubakar Malami who is the minister of justice) disembarked he (AGF) promised to recover the funds. I went to London, delivered my speech and came back and wrote the president appraising him of my meeting with the AGF and the AGF’s promise to recover but I still craved the president’s indulgence to impress upon the AGF to recover the funds expeditiously. Because this thing has to be done in a timely fashion and I don’t want these banks to dissipate these funds. But the AGF refused to take my calls and answer my text messages and am receiving threatening phone calls. I am not saying he is the one. I never allege anything against anyone unless I have concrete proof but the point is he (AGF) has not lived up to what I call our gentle-man agreement. So, today I made a decision based on the interest of our country, Nigeria and the assertion, the position the AGF took in his letter to the president that our company based on the plain language of the engagement letter is obligated to trace, recover and remit the funds to the federal government account. Now putting aside the fact that I differed sharply on that premise because inherently speaking and by law what I know a Banker’s order is supposed to be gotten from the Magistrate to freeze those accounts. But who am I to question the chief legal officer of the country. If had said that the letter he wrote should be construed liberally to mean that our company can recover the funds and remit to the government. I have gone ahead to open four accounts with First bank called Panic Alert Security Systems/ Assets Recovery account in naira, US dollars, British pounds and Euros for the purpose of recovering these funds for onward transfer to the federal government. I have written the AGF today of my intention, the president and the banks involved to go ahead and transfer these monies to the accounts, the respective currencies for onward transfer to the federal government. Once the monies hit our accounts, we then ask the federal government to give us account numbers to transfer these monies to and of course everything will be made public.

NAIJ.com: What then would be the last option in this case? The last option? I would not say last. There are options and I wouldn’t say which one is the last. There is an option to go to court but the reason I don’t want to go to court is that if I am to take this matter to court I can’t discuss it anymore. It becomes subjudice. So I really want to put it before the president who was voted on that singular vouch of anti-corruption. I commend him though to the extent that he even responded because when I was fighting Larmode during President Jonathan’s regime I never got any response from him (the ex-president). But just asking Malami, the AGF to respond to me is not the only thing needed. In fact, the remedy I sought in my letter to him is for the president to call me and the AGF so that I can table what I have. He hasn’t done that. I am not going to tell the president how to go about his job but the fact remains that the common denominator here is the monies. Asking Malami to respond……I am not privy to the minutes on the letter whether it says Malami should recover but the point is that is why I am going back to him. With these letters now, the first one that I met Malami and he promised to recover and the second one that Malami has reneged on his gentle-man agreement and the need for the president to really look into this matter and show the president the ₦1.93trn that EFCC has not remitted to the federal government and the over₦23bn that is still with the banks. Revoking this letter of engagement actually truncated the process. Tracing a ₦1bn is a tip of the iceberg. I showed Malami before I was engaged that the entire evidence that we can trace nothing less than $70bn from the banks, worst case scenario and $75bn best case scenario. That still need to be done. Those are the reasons why I need to speak with president to understand the scope of what we are talking about rather than going to China to borrow. I am not saying we should get the money from offshore but right here at home we are talking about a lot of money.

NAIJ.com: With the inconsistency in the words of Mr Malami and his actions would you be calling for his sack? In the interest of Nigeria. Listen. When I met Malami on the plane I told Malami that look to the extent that you gave me this letter of engagement I am very grateful but your actions and inactions post engagement are incomprehensible and very shocking. And that I don’t think that he is still the same person I met before you were appointed and immediately when you were appointed AGF. Because even when I showed him the evidence of the fictitious accounts that the EFCC is maintaining at Access bank, an eight page report, he read it and I was watching his demeanour. There wasn’t anything in him to show me that he was the same man because before he was appointed I showed him evidence against EFCC and he said he was going to discuss with the president. Immediately he was appointed he was still vowing he was going to fight EFCC and that he was going to set up what I had always called a phantom committee for ….with me included in the presidential committee for assets verification to fight EFCC but he wasn’t the same person anymore.

Again when I come out to say EFCC is a country within a country. That is what I am talking about. Now it is the AGF that I had so much hope that we are going to work together. Even the issue of him saying that I went beyond the scope, when I spelt out everything to him……how can you say I went beyond the scope?Assets tracing is like an octopus. You are tracing and you going into different areas but still within the banks. It is human beings and these organizations that deposited these monies in the banks so you have to reconcile. That was why asked in my open letter to the president where I asked Malami whose side is he on. I have gotten results, over a $1bn I traced but you are more concerned that I went beyond the scope of my engagement when the banks that we are talking about even brought the records to me and was willing to be bringing the records until they called me that they saw you and you promised to call me to soft-pedal. Of course he was the one that brought up the issue on the plane that your allegations that I saw Access bank and promised Access bank that I will call you is not true and I said you are not getting it. That I don’t need to record you and Access bank. I have the call recordings between myself and Access bank and they stated unequivocally that they have met with you and there is need for me to soft-pedal. So you need to settle with Access bank.

I also wrote the banks that there is a certain bank that has gone to the minister and that to make it easier for them I would copy the minister. If the minister does not want me to do the job again let him tell me. But he (Malami) went and put in his letter to the president that I am threatening the banks. One doesn’t need to be a cynic to understand that Malami’s loyalty lies with the banking sector mafia and not Nigeria.

Source: https://www.naij.com/845580-exposed-deep-corruption-buharis-government-man-behind-photosvideo.html

Esperooke:
Kogi has always been revelling in governance disaster.
Wada: naive and clueless but humane
Yaya Bello: arrogant, insensitive but seems somewhat proactive
Faleke: Tinubu's ambassador to Kogi, Kogi by blood but Lagosian per se...... But seems adept politically, and in governance.
The prayer is, God let the best ascend the throne. Kogites have suffered enough, its time to move forward.

Wada - naive , YES! humane YES! clueless - capital NO! except you mean meticulous. Wada is a governor that was forward looking. the benefit of his embarking on an aggressive revenue generating drive for the state and his prudent manner of managing resources is now being appreciated by kogites. imagine in this days of fuel price hike,if wada cheap transport which cut fares down by 60 percent were running how easy it would have been for lokoja residents. why is bello not doing that? because it will not bring money to his pocket.

How proactive is Yahaya bello when he is just stealing the state blind. dont be fooled by the cutting down civil service. it is just a scam. a governor that received 50 billion but announced that he received only 20 billion, A governor that announced that he had abolished security vote yet he was withdrawing secutity vote daily.

On Faleke, he is adept politically but in the area of governance, his sojourn as chairman ojodu lg in lagos does not speak well for him

confluence:
For all the posters above me criticizing Yahaya Bello, Most of you guys are selfish, wicked and heartless being, for a state like kogi to have Over bloated civil service with outrageous monthly wage bill and several thousands of Ghost workers on it payroll, Yahaya Bello is the best thing to have happen to that state. Common township road that the former Governor Wada cannot do in 4 years, check out how bello is vigorously doing it with less thank six month in office.

And I guess the same township road that Bello is vigorously doing was not almost completed by Wada. Did bello award a new contract for the job when he came? bello has to do it because in additon to the 50 billion bailout which was released to him he also got 10 billion infrastructural fund which was withheld from wada because he was not favoured. What will he have done with almost 80 billion has collected so far? embezzle it all?

Mistamahmud:
It's funny how people let sentiment cloud their sense of judgement, it is a known fact that kog is one of the states with high number of ghost workers if he is cleaning up the civil service and u re here wailing I can wish u keep on wailing while he keep on winning[color=#990000][/color]

You mean he is carrying out ethnic cleansing of the civil service so he can divert the bailout! he even released an official statement where he announced to the whole world that he will NOT set up a committee for disbursement of the bailout and that he will use part of the bailout for what he calls infrastructural projects. bailout is meant for salary arrears but bello is bold enough to announce he will use the money for another purpose. why did he not 'clean' the civil service before collecting the money. he used their names to collect the money and now he is retrenching them. Bello cannot be trusted with kogi money. a governor that announced one day that he had abolished security vote but went ahead to withdraw 250 million everyday.
http://www.premiumtimesng.com/investigationspecial-reports/203354-exclusive-kogi-governor-bello-squandered-n260-million-security-vote-days-assuming-office.html

BREAKING: The G15 Kogi Assembly Members just arrived the Kogi state assembly complex led by the authentic Speaker, Rt. Hon. Momoh Jimoh Lawal.

Sanity is gradually taking over impunity in Kogi State. We appreciate the judiciary and the rule of law. Nobody can be greater than the state. Kogi State belong to all of us.