The Kaduna State House of Assembly has urged security and anti-corruption agencies to commence the investigation and prosecution of the immediate-past governor of the State, Nasir El-Rufai, and some other indicted members of his cabinet over alleged N423bn fraud.

The resolution was sequel to the investigation of the ad-hoc committee set up by the House, led by the Hon. Henry Magaji Danjuma.

According to the report submitted by Hon. Danjuma on Wednesday, most of the loans obtained under former Governor el-Rufai-led administration were not used for their intended purposes, and in some cases, due processes were not followed in securing the loans.

The United Nigeria Group (TUNG) has raised the alarm that President Bola Tinubu is allegedly plotting with lobbyists to cause delays in the judgement relating to the discovery of his records at the Chicago State University (CSU) currently going on in the United States.

The group, in a press release signed by its National Coordinator, Dr Bright Emenena, said that the alert followed the intelligence of a meeting between the President and his cronies in Paris, the French capital.

The statement reads: “Bola Tinubu and a well-known Lebanese merchant based in France met in Paris and recruited a powerful Jewish American lawyer and a known political lobbyist in Washington DC as a consultant to lobby the appeal judge to delay the judgment scheduled to be delivered either this Friday or Monday next week or to their favour.

“This meeting and approval was given last night in Paris at 10 pm Paris time.

“The payments are millions of dollars in cash and with crude oil as bonus.”

It will be recalled that President Tinubu left the United Nations General Assembly (UNGA) session in New York last weekend, in the middle of a scandal arising from the Illinois Magistrate court ordering the Chicago State University to cause a full discovery of his academic records at the university.

It will also be recalled that President Tinubu had caused an emergency appeal to the court order, with his lawyers in the United States, filing their appeal on Monday.

The Chicago court hearing the case is billed to receive the filing of Atiku’s lawyers latest on Wednesday and judgement will be expected in a few days after.

A new development, yesterday, crept into the alleged certificate scandal Presidential Bola Tinubu, as the Chicago State University (CSU), has refused to authenticate the certificate Tinubu submitted to the Independent National Electoral Commission (INEC) ahead of the of February 25 presidential elections.

Also, the United States District Court for the Northern District of Illinois, on Tuesday, adjourned ruling on a subpoena application for Tinubu’s records from the universe.

Counsel for CSU, Michael Hayes, while speaking before Judge Jeffrey Gilbert in Chicago, stated that the school was not in a position to authenticate Tinubu’s certificate as either fake or genuine.

The recent statement, however, contradicted the school’s previous assertions that it issued a certificate to the Nigerian politician after he graduated in 1979.

Hayes, at the hearing in Chicago, which began at about 1:30 p.m. (local) and lasted several hours in the lawsuit brought by Atiku Abubakar, candidate of the Peoples Democratic Party (PDP) said, “Is the diploma authentic or is it a forgery? My client can’t answer yes to either of those questions.”

The lawyer insisted that the school’s administrators, if asked under oath won’t be able to certify Tinubu’s certificate because they “just don’t know” where he obtained it or how.
Hayes was responding to the judge’s inquiry into the school’s ability to confirm under oath that Tinubu was issued the certificate he tendered to Nigeria’s electoral office as part of his final eligibility paperwork in June 2022.

Hayes insisted that CSU records showed Tinubu attended the school, but admitted there were several contradictions that the school’s administrators won’t be able to clarify under oath.

Those discrepancies included the June 22, 1977, date that Tinubu’s certificate carried, as well as the school’s president at the time the certificate was obtained and typographical, font and header errors on the document.
Tinubu on June 17, 2022, submitted a certificate to INEC that was purportedly issued in 1979 and signed by Elnora Daniel.

But Ms Daniel only arrived at CSU in 1998 from Hampton University, 19 years after Mr Tinubu was said to have graduated.

She then left the school in 2008 following a financial mismanagement scandal or 14 years before June 2022 when CSU issued yet a fresh certificate in Tinubu’s name under subpoena from a Nigerian lawyer, who had inquired about Mr Tinubu’s education there.
The contradictions, among others, caused Mr Abubakar to file the suit to compel CSU to produce records relating to Tinubu and make its top officials available for deposition to certify the produced records, according to the Nigerian opposition leader’s lawyers.

Alexandre de Gramont, who appeared in court for Abubakar, said the documents and depositions were being sought for use in the Nigerian Supreme Court, where the final battle over Tinubu’s election has headed.

Atiku has until September 20 to appeal the September 6 decision of the Court of Appeal, which is the first instance court in the presidential election tribunal process in Nigeria.

Angela Liu, counsel to former Vice-President Atiku Abubakar in the US, says Chicago State University has provided two similar certificates indicating that President Bola Tinubu attended its institution.

Liu said while the first certificate was signed by three people, the other one was signed by two people.

She was speaking in response to a submission by Tinubu’s lawyers.

According to filings by Oluwole Afolabi and Christopher Carmichael, counsel to Tinubu, an unidentified clerk of the university made the error about the date the school stated on his recently-issued certificate, thereby creating “the appearance of differences”.

The counsel of the Peoples Democratic Party (PDP) presidential candidate said while one document asserts that Tinubu was issued the certificate on June 22, 1979, another suggests that the president received the degree on June 27, 1979.

The former vice-president is seeking a disclosure of the president’s certificate from the US university. The documents he is making his case on – tendered at the US court and presidential election tribunal – were seen by TheCable.

“The document marked ‘A’ is the certificate submitted by Tinubu to INEC. This certificate is in every material respect, exactly the same as the document marked ‘B’ except for the following,” Liu said.

“Document ‘A’ is signed by at least 3 people whereas ‘B’ is signed by only 2 people.

“The document marked ‘E’ states that Tinubu was issued a certificate on 22nd June 1979 but then proceeded to forward a copy of a certificate (‘B’) dated 27th June 1979. Please note that ‘A’ is actually dated 22nd June 1979, but this document did not emanate from CSU. Only ‘B’ did.

“It is clear that either ‘A’ or ‘B’ is fake (if not both). You cannot have two certificates issued by the same university, to the same person, for the same course of study, but issued on different dates and signed by two different sets of people.

“The documents ‘A’ and ‘B’ both state that Tinubu graduated with a BSc in ‘Business AND Administration’, whereas document ‘E’ (which came from CSU) states that he graduated with a BSc in ‘Business Administration’.”

The lawyer said CSU’s website reads: “The College of Business offers a contemporary business program leading to a Bachelor of Science in Business Administration or Masters in Business Administration (MBA)”, adding that “nowhere is there any reference to ‘business and administration” throughout the website.

The lawyer argued that it was not possible for Elnora D. Daniel to be among those who signed both certificates because she was only the president of the university between 1998 and 2008.

“She was neither president of the university in 1979 – when the certificate was purportedly issued – nor was she president in 2022, when the replacement certificates were issued,” she said.

The lawyer also expressed dismay that both certificates bear different letter fonts and logos of the university.

The Special Assistant on Public Communication to former Vice President, Atiku Abubakar, Mr. Phrank Shaibu, has faulted the announcement by the Nigerian National Petroleum Company Limited (NNPCL) that it had taken a $3bn loan for the primary purpose of supporting the naira.

Shaibu dismissed the announcement as “a mere banana peel”, a ruse to force the naira to appreciate on the parallel market.

He said this in a statement, in Abuja, on Wednesday.

According to him, the move was cosmetic and unimaginative and had “once again exposed President Bola Tinubu as a lilliputian economist that lacked ideas on how to rescue the economy he had pushed to the edge with unviable policies.”

He maitained that monetary policy was not the job of the NNPCL but the Central Bank of Nigeria and wondered why the NNPCL, which claimed to be a profit-making organisation, would go ahead to take a loan for the primary purpose of stabilising the naira.

The Atiku aide also drew parallels between the actions of the NNPCL and the CBN under the authority of Godwin Emefiele.

Shaibu noted that oil production had dropped on Tinubu’s watch due to continuous oil theft.

He pointed out that instead of boosting forex liquidity by increasing production and exports, Tinubu decided to take the Jejune path of obtaining foreign loans, an inglorious road that his predecessor had travelled

Shaibu said, “For many years, Tinubu claimed that he built the economy of Lagos from scratch. Now, he has been exposed as a charlatan. His administration detained Emefiele and vilified him for taking FX loans from JP Morgan and Goldman Sachs running into $7.5bn, which was used in defending the naira.

“Now, Tinubu’s administration claims to have done the same thing by forcing the NNPCL to take a loan of $3bn to defend the naira. We, however, have it on good authority that this is all a ruse to force the naira to appreciate at the parallel market, an action that will further affect the government’s credibility.

“The NNPCL has failed to shed the toga of an ordinary government agency. No wonder it has refused to become a public limited liability company, as stated in the Petroleum Industry Act.

“The NNPCL boss, Mele Kyari, who is also desperate to retain his job, has allowed himself to become a willing political tool just like Emefiele. If the NNPCL was a publicly listed oil firm like Aramco and Mobil, would it obtain a loan in order to ‘defend the naira’?”

He further stated that Tinubu lacked a clear economic blueprint, hence his constant failures. He argued that Tinubu’s policy flip-flops had already begun affecting Nigerian bonds, as reported by Bloomberg.

The Atiku Spokesperson further stated that , “The PUNCH aptly described Tinubu in its recent editorial as a loose cannon that goes around with a wrecking ball. He takes action whimsically without thinking about consequences. He announced the removal of petrol subsidies without proper planning and brought the nation to its knees.

“He forced the CBN to float the naira even though the country had liquidity problems. Now, he is on the verge of taking the West African region to war without Senate approval. Tinubu is nothing but a myth that will continue to unravel.

“He claims to have deregulated the petroleum sector, and yet NNPC is still the one determining the price of petrol. He has pegged the price of petrol and yet claims that there is no subsidy. Nigerians must not allow themselves to be deceived by this man.”

Phrank Shaibu, an aide to former Vice President Atiku Abubakar, has dismissed a plan by President Bola Tinubu to pay N8,000 monthly to 12 million poor households.

The president, who sought and got the national assembly’s approval for an $800 million loan to be used for palliative, said the plan would provide relief to citizens following the removal of the petrol subsidy.

On May 29, Tinubu announced in his inaugural speech that the petrol subsidy “is gone”.
In a statement on Thursday, Shaibu described the plan as a “joke”.

“According to statistics, a Nigerian household as of 2019 counted on an average of 5.06 members,” he said.

“So, with Tinubu’s uninspiring plan, each individual in a household will get N1,600 per month or N53 per day. What should they do with it? Use the money to buy a sachet (pure) water or a cup of boiled groundnut on a daily basis?

“Tinubu boasted that he would develop Nigeria’s economy like that of Lagos but this was all a scam. Statistics show that over 70 percent of Lagos revenue comes from income tax paid by private companies which had been in Lagos for decades due to its status as Nigeria’s former capital.

“His only plan is to tax Nigerians to death as he did in Lagos and that is why the people of Lagos rejected him in the last election.”

Shaibu said the All Progressives Congress (APC) has lost favour with a vast majority of Nigeria.

“It is no coincidence that since 2019 when the party invented the charade of trader moni, it also incontrovertibly introduced the menace of vote buying into Nigeria’s politics.”

Nigerian Oil Tycoon, Okoloko Reportedly Burdened By Multi-billion-naira In Debts To Estranged Wife’s Company, Enmeshed In Divorce Scandal

Nigerian businessman, Onajite Okoloko reportedly owes his estranged wife, Salma Okoloko, and her company, Techtonic Oil $37 million and N5.3 billion respectively through his company, Eroton Exploration.

The duo are currently enmeshed in a messy divorce following allegations of extra-marital affairs.

Okoloko is currently the Group Chief Executive Officer and Managing Director of Notore Chemical Industries Plc (“Notore”).

The oil mogul is a founding partner of the Ocean & Oil/Oando Group and a former member of the Board of Union Bank of Nigeria Plc.

He is also the Chairman of Midwestern Oil & Gas Limited (“Midwestern”) and the Chairman of Eroton Exploration & Production Limited (“Eroton”).

Eroton admitted to owing $14 million and N2.9 billion for the said contract executed. But his estranged wife’s company put the amount at $37,147,654.25 and N5,308,689,150.84, saying the “said amount is all-inclusive of the disputed and reconciled sums”.

Despite a US court ordering the Nigerian billionaire to pay his debt, family members of Salma claimed he filed for a divorce in 2020 and threatened to kick the wife out of their Florida home with their two kids.

“The funny part is, instead of filing for a divorce in Florida in the U.S. where they got married and where he confirmed as his place of residence, he went to Badagry, Lagos, paid a judge to assume jurisdiction and take the divorce case,” Salma’s relation alleged.

“The divorce case is now at the Appeal Court where Okoloko is also planning to pay judges to give him a favourable judgement.

“Okoloko and his Eroton Exploration have been in and out of the Economic and Financial Crimes Commission office (EFCC) after he is accused of mismanaging OML18, under-reporting production of the oil field which under him, fell from 30,000 barrels per day to 1,000 barrels per day.”

In March 2023, the Nigerian National Petroleum Company (NNPC) Limited took over Eroton Exploration and Production Company Limited as the new operator of the oil mining lease (OML) 18.

According to Chief Corporate Communications Officer, Nigerian National Petroleum Company Limited, Garba-Deen Muhammad, in a statement, Eroton was removed to curtail further degradation of the asset and revamp the production of oil and gas on it.

It was however gathered that while NNPCL has duly paid Eroton all its dues, the company was yet to pay off TOTL the balance of $14 million and N2.9 billion for the said contract executed.

“In order to protect the joint venture investment in OML 18, the non-operating partners, NNPC Limited (55 per cent interest) and OML18 Energy Limited (16.20 per cent interest), jointly owning 71.2 per cent equity, removed Eroton as operator of the JV in line with the provisions of the Joint Operating Agreement.

“NNPC Limited and OML 18 Energy further appointed NNPC Eighteen Operating Limited as operator of the JV. The change in operatorship has been notified to the Nigerian Upstream Regulatory Commission and communicated to Eroton,” the statement read in part.

NNPCL also pointed out that while the key business reasons that made the change in operatorship were compelling, it was publicly available information that production had declined from 30,000 barrels per day to zero.

It said the persisting inability of Eroton to meet the financial obligations of the Federal Government led to the sealing of Eroton’s head office in Lagos by the Federal Inland Revenue Service for more than 12 months due to non-payment of outstanding taxes to the government.

The national oil firm further said Eroton was also not able to remit to the JV parties the proceeds of gas supplied to its affiliate, Notore, adding that a number of audits and investigations, including by the EFCC, NURPC’s work programme audit and others, had been undertaken or were ongoing.

“Some of these audits are regulatory steps that may lead to licence revocation under the relevant laws if drastic steps are not taken by non-operating partners,” NNPCL stated.

It added, “NNPC Limited in particular, as majority shareholder with a unique stewardship responsibility to the federation, is committed to ensuring that the energy and financial security of the country is uppermost in its business decisions.

“Removing an operator in these circumstances is therefore inevitable in order to protect the JV from governmental or third parties action from entities, including Eroton’s lenders and other service providers.”

NNPCL said it was important to highlight that OML 18 was an oil-producing block covering 1,035 square kilometres located south of Port Harcourt and contained 11 oil and gas fields with about 714 million stock tank barrels of oil and condensate and 4.7 trillion cubic feet of natural gas reserves.

According to a letter from Tectonic dated April 6, 2023, and addressed to the Group Managing Director of NNPCL, the said the money was for a contract awarded to the company by Eroton dated May 1, 2016, for the provision of Coiled Tubings, Pumping, and Nitrogen Lift Services with contract No. EEP 16-0125.

The letter said Tectonic had since executed the contract but had yet to be fully paid by Okoloko’s Eroton.

Also, Eroton in a letter dated July 2, 2021, addressed to the Vice President Operations, Tectonic Oil Tools Limited, Lagos, Nigeria, admitted to owing the company a balance “sums (net of taxes) of NGN 2,969,754,531.07 (Two Billion, Nine Hundred and Sixty-Nine Million, Seven Hundred and Fifty-Four Thousand, Five Hundred and Thirty One Naira, Seven Kobo Only) and USD 14,030,212.87 (Fourteen Million, Thirty Thousand, Two Hundred and Twelve United States Dollars and Eighty Seven Cents Only) due and payable to your company.”

The letter which detailed a payment plan to liquidate the debt owed to the wife’s company by Eroton read in part: “We also recognize that some other claims have been submitted and confirm that same are currently undergoing verification and reconciliation. These additional claims would be included in the outstanding sums detailed above upon completion of the reconciliation exercise. The payment plan will be amended accordingly to include the additional claims and paid within the same time frame.”

“In respect of the reconciled outstanding sums referenced above, please find below our payment plan,” the letter said.

While the letter listed how the outstanding debt will be paid between Q3 2021 and Q3 2022 for the N2.9 billion, it also listed how the outstanding $14 million will be liquidated between Q4 2021 and Q3 2022.

The letter signed by Ibironke Olaniyi, Chief Financial Officer (CFO) for Eroton Exploration & Production Company, ended with: “Please be advised that we would notify you of the payments as they are made in line with the specified timelines and assure you of our highest regard.”

However, despite the admission made in the letter, Eroton has reneged on the payment terms and agreement.

Meanwhile, Onajite and his wife, Salma, have been locked in a divorce drama.

Onajite filed for a divorce in 2020 and the case is currently at the Appeal Court.

A media consultant to Okoloko denied the accusations.

“It is ridiculous. I may have to get back to you because I’m yet to talk to him but all the allegations are not true,” he told SaharaReporters.

In 2022, the EFCC linked the oil mogul, his companies and others to a multi-billion-naira corruption case involving a former minister of Petroleum Resources, Diezani Alison-Madueke.

The EFCC in a document filed with a motion ex-parte, sought to question Alison-Madueke about her business relationships with Okoloko’s Midwestern Oil & Gas Company Limited, Mr. Tonye Cole’s Sahara Energy Group, Chief lkpea Leemon of Lee Engineering Group, Mr Donald Amamgbo, and Mr Afam Nwokedi.

Miss Olatimbo Bukola Ayinde, Christopher Aire, Harcourt Adukeh, Julian Osula, Dauda Lawal, Mr Leno Laithan, Atlantic Energy Drilling Concept Limited and Atlantic Energy Brass Development Limited, both owned by Jide Omokore, Septa Energy Limited, and others were among those named.

Fraudulent Oil Billionaire, Onajite Okoloko owes his estranged wife, Salma Okoloko, and her company, TECTONIC Oil, $35million and N6billion respectively through his company, Eroton Exploration.

Despite the Court ordering him to pay, he filed for a divorce in 2020, threatening to kick her out of their Florida home with their two kids.

The funny part is, instead of filing divorce in Florida, U.S where they got married and where he confirmed as his place of residence, he went to Badagry, Lagos, paid a Judge N50million to assume jurisdiction and take the divorce case.

The divorce case is now at the Appeal court where Okoloko has also paid millions to the Judges to give him favorable judgement.

Okoloko and his Eroton Exploration have been in and out of the EFCC after he is accused of mismanaging OML18, under reporting production of the oil field which under him, fell from 30,000 barrels per day to 1,000 barrels per day.

FX2BROWN:
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