In a petition written by the coalition’s chairman, Olanrewaju Suraju, and made available to journalists, the group said it is demanding a swift and thorough investigation into these allegations in order to recover the nation’s dwindling resources at the hands of unscrupulous elements and the deserved punishments meted out where necessary.
The Civil Society Network against Corruption (CSNAC), has petitioned the Chairman of Economic and Financial Crimes Commission, Ibrahim Lamorde, to investigate the circumstances surrounding the movement of N67.2billion from the Central Bank of Nigeria under the administration of former President Goodluck Jonathan.

The full petition can be found below:

23rd September, 2015
The Chairman,
Economic and Financial Crimes Commission,
No. 5, Fomella Street,
Off Adetokunboh Ademola Crescent,
Wuse II, Abuja.

Dear Sir,

REQUEST FOR THE INVESTIGATION OF THE CIRCUMSTANCES SURROUNDING THE MOVEMENT OF N67.2 BILLION FROM THE CBN UNDER THE FORMER PRESIDENT GOODLUCK JONATHAN ADMINISTRATION FOR “SPECIAL SERVICES”

Civil Society Network against Corruption (CSNAC) is a coalition of over hundred and fifty Anti-corruption organizations whose primary aim is to constructively combat corruption vigorously and to ensure the effective monitoring of the various Anti-graft agencies in the fight against corruption and contribute towards the enthronement of transparency, accountability, probity and total commitment in the fight to eradicate corruption in Nigeria.

In its publication of the 19th day of September, 2015, the PremiumTimes, an online newspaper reported that the former President Goodluck Jonathan authorised the withdrawal of a whopping N67.2billion in cash money from the Central Bank of Nigeria between November 2014 and February 2015 for what was called ‘special services’ in the build up to the 2015 general elections. Insiders at CBN said the huge cash were carted away in bullion vans.

The report further stated that one of the withdrawals was made through a memo which originated from the office of the former National Security Adviser, Sambo Dasuki, while the second was generated by the National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation in charge of the Federal Government’s investment in the petroleum industry.

Furthermore, according to the report, ‘The first memo dated November, 2014 contained a request for the withdrawal of $47 million cash out of N10billion earmarked for release for an unbudgeted ‘special services’. In the memo with reference number NSA/366/S and titled:’Request for Funds for Special Services’, an official from Mr Dasuki’s office had drawn the CBN’s governor’s attention to a previous discussion and requested the release of the said funds by the bank’. The balance from the N10billion, the memo directed, was to be paid out in Euro, while a certain Director of Finance and Administration with the name S. A. Salisu, was authorised to sign and receive the haul of US Dollars and Euro in cash, on behalf of the NSA’s office. It remains unknown for what purpose the ‘special services’ fund was utilized.

Also, the second memo raised by NAPIMS and dated February 25, 2015 conveyed an instruction to the Director Banking and System Payment Department of the CBN to urgently pay in cash, the sum of $289,202,382 (N52.7 billion) to the National Intelligence Agency (NIA). ‘Upon receipt of this mandate, please pay urgently the under listed beneficiary the cash amount indicated. Please debit CBN/JVCC Foreign Account No. 000000011658360 with the JP Morgan Chase New York and advise (sic) as soon as the payment is made’. The payment instruction in favour of the NIA was signed by one Okonkwo Godwin, General Manager, Finance, NAPIMS, with staff no 18526 on February 25, 2015. However, sources claimed the funds were taken away at night with bullion vans under heavy security cover. When contacted, according to Premiumtimes, "the CBN’s Director, Corporate Communications, Ibrahim Muazu declined comments as well as former spokespersons of the former president. However, a senior official of the bank on the condition of anonymity confirmed the report. He said ‘My brother, the report is true. Every detail is on point but since they claimed the withdrawal was for security services, anything could have been referred to as such. Nobody knows”

These huge withdrawals violate the Money Laundering (Prohibition) Act 2011 which was signed by Mr. Jonathan. According to Part 1, Section 1 of the law,

“No person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding- (a) N5,000,000.00 or its equivalent, in the case of an individual; or (b) N10,000,000.00 or its equivalent in the case of a body corporate.”

Section 16(d) of the Act says anyone who makes or accepts cash payments exceeding the amount authorised under this Act shall upon conviction be liable to a forfeiture of 25% of the excess above the limits placed in section 1 of the Act.

From the foregoing this is another case of high profile corruption and money laundering that deserves a thorough investigation to identify the key players and circumstances surrounding the movements of such huge sums of money. One would wonder how a president who signed an important Act such as the Money Laundering Act into law will now be responsible for flouting the same enactment, whether personally or through his stooges. This is a brazen disregard for the rule of law and due process that should be prosecuted appropriately to serve as deterrent.

In the light of this, CSNAC is therefore by this petition demanding that a swift and thorough investigation be launched into the allegations as contained above, in order to recover the nation’s dwindling resources in the hands of unscrupulous elements and the deserved punishments meted out where necessary.

Thank you in anticipation of your cooperation.

Yours faithfully,

Olanrewaju Suraju
Chairman.
http://saharareporters.com/2015/10/05/csnac-petitions-efcc-over-n672b-illegal-withdrawal-under-jonathan

really

.

this man has really finish nigeria reserve; his loot keep proping up everyday, just like abacha;s
he no dey finish, the way is loot dey prop up, abacha own dey learn

I will take EFCC and DSS serious when they prosecute Prince Abubakar Audu over the Alleged 11billion loot...

In the light of this, CSNAC is therefore by this
petition demanding that a swift and thorough
investigation be launched into the allegations as
contained above, in order to recover the nation’s dwindling resources in the hands of unscrupulous elements and the deserved punishments meted out where necessary.

@bolded.... Ever since Buhari emerged as the president.... All I've been fed with is recovery of looted funds.... And how the treasury is left empty...

If anyone should calculate the amount of money budgeted for a presidential travel and visiting as Buhari has plunged into since he became the president...One will wonder exactly what was left empty and what is spent so far....

And now this!!!

yanabasee:
I will take EFCC and DSS serious when they prosecute Prince Abubakar Audu over the Alleged 11billion loot...




@bolded.... Ever since Buhari emerged as the president.... All I've been fed with is recovery of looted funds.... And how the treasury is left empty...

If anyone should calculate the amount of money budgeted for a presidential travel and visiting as Buhari has plunged into since he became the president...One will wonder exactly what was left empty and what is spent so far....

Atleast the visits are yielding some results. Madueke is in trouble now and America is now selling weapons to us.

Can you tell me what special thing gej did with the billions budgeted for the indepence day alone? Hypocrite

Tiwa Savage Exp0sed Her Priv@te Part Again On Stage


http://downloadwapaz.com.ng/2015/09/12/tiwa-savage-exp0sed-her-privte-part-again-on-stage/

Why haven't we heard anything about Lamido Sanusi's indictment of financial recklessness in CBN?

abduljabbar4:

Atleast the visits are yielding some results. Madueke is in trouble now and America is now selling weapons to us.

Can you tell me what special thing gej did with the billions budgeted for the indepence day alone? Hypocrite

Buhari's visit isn't the reason Madueke's is held under the UK's NCA... Madueke case was under investigation since 2013.... So shut it...

Buhari visits, covers a lot of money... Why then is he claiming that GEJ left nothing for him?

Buhari visits isn't yielding any result... Coz one of his shameful visits where he was purportedly absent at the discourse over the displaced citizens and tactical issues to handle Boko haram ... Is not yielding any good thing.

Asking me to list what GEJ did...is like asking me to tell you GEJ's full name... You're a not politically sound.....

Episteme2:
Why haven't we heard anything about Lamido Sanusi's indictment of financial recklessness in CBN?

one after the other

Yinmu. All this groups sef

HE SHOULD USE THAT ONE AS RETIREMENT BENEFIT...

Good. This Otuoke The*f EFCC and his corrupt cohorts should be probed and jailed if found wanting because there should no secret cow again in Nigeria!!!!

topsyking:
this man has really finish nigeria reserve; his loot keep proping up everyday, just like abacha;s
he no dey finish, the way is loot dey prop up, abacha own dey learn

The propaganda is meant 4 people like u to bliv.
Take it easy on urself ok. They are called LIES!!!
Ur daura hero is looking 4 excuses. N God will surely disgrace him. Just b on d watch. That's all.
Can he just go ahead without complaining about Johna The words of an incompetent person centers on blames.

yanabasee:


Buhari's visit isn't the reason Madueke's is held under the UK's NCA... Madueke case was under investigation since 2013.... So shut it...

Buhari visits, covers a lot of money... Why then is he claiming that GEJ left nothing for him?

Buhari visits isn't yielding any result... Coz one of his shameful visits where he was purportedly absent at the discourse over the displaced citizens and tactical issues to handle Boko haram ... Is not yielding any good thing.

Asking me to list what GEJ did...is like asking me to tell you GEJ's full name... You're a not politically sound.....

Now you are evading my question. Between the money spent on independence day during gej era and money spent on Buhari's visits which one is more wasteful?

Telling me that Buhari's visit isnt yielding any result is an insult on my intelligence. Stop being dishonest with yourself

ellechrystal:

The propaganda is meant 4 people like u to bliv.
Take it easy on urself ok. They are called LIES!!!
Ur daura hero is looking 4 excuses. N God will surely disgrace him. Just b on d watch. That's all.
Can he just go ahead without complaining about Johna The words of an incompetent person centers on blames.

Another stup!d post

Kai! Midolian you are right. Too many confused fools

abduljabbar4:

Now you are evading my question. Between the money spent on independence day during gej era and money spent on Buhari's visits which one is more wasteful?

Telling me that Buhari's visit isnt yielding any result is an insult on my intelligence. Stop being dishonest with yourself

Evading what question? Your dauran clown says there isn't any money left for him to manage the affairs of the country as he planned to... And yet he spends millions travelling across the globe... Your question is senseless as Buhari's led administration.

Your intelligence is useless and meaningless to me...

I wonder how a typical day in Sahara reporters office would look like? I mean they have dedicated their entire life in destroying a man that can't be clearly destroyed. Am sure they're made to recite anthems like "I vow to ruin GEJ and everyone that like him" as soon as they step into their office to work.

It's a shame

abduljabbar4:

Another stup!d post

Kai! Midolian you are right. Too many confused fools

lol..

yanabasee:


Evading what question? Your dauran clown says there isn't any money left for him to manage the affairs of the country as he planned to... And yet he spends millions travelling across the globe... Your question is senseless as Buhari's led administration.

Your intelligence is useless and meaningless to me...

Buhari said the treasury is virtually empty. U like twisting things

abduljabbar4:

Buhari said the treasury is virtually empty. U like twisting things

Ok, so the million he spend to travel with his delegate is to eventually Empty the treasury! Reason he wouldn't admit that he's witch-hunting...

Same Man claimed he was poor... And couldn't afford a presidential ticket.... Same man's asset proved him otherwise. Telling us the treasury is empty is a provability of his ineptness.

.

ellechrystal:

The propaganda is meant 4 people like u to bliv.
Take it easy on urself ok. They are called LIES!!!
Ur daura hero is looking 4 excuses. N God will surely disgrace him. Just b on d watch. That's all.
Can he just go ahead without complaining about Johna The words of an incompetent person centers on blames.

Every news is always lies and propanganda to you guys.

During the election you all termed it lies and propanganda till your Jesus Otuoke master was disgracefully and shamelessly kicked out,a feat of first of its kind.

liberty300:
I wonder how a typical day in Sahara reporters office would look like? I mean they would have dedicated there entire life in destroying a man that can't be clearly destroyed. Am sure they're made to recite anthems like "I vow to ruin GEJ and everyone that like him" as soon as they step into their office to work.

It's a shame

They must have powerful witches as they have succeeded in driving the clueless one out of power

lalasticlala ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

Lies!

Kwaruption

When Confronted with the height of Corruption in his administration, He said he was CAGED.

When Confronted at the Late Mama Awolowo's family house, he said he was in HIDING.

I can only wonder what NEXT the Corruption-IS-NOT-Stealing-Man would say when Confronted with Maduekes's Arrest
- She didn't steal, she merely embezzled ??

Well,
I guess, Embezzling public funds is not Stealing. !!!
It's Merely Looting.
And Looting IS NOT Stealing.

UniPort should SHUT down its PhD Programs.

I don't want to say anything, because I am crying for my beloved country. The first question is why God blessed Nigeria with all these
evil and blood sucking leaders for Christ sake? The second question is: Why these peoples are so evil and corrupt and that there is no fear of God in them? Finally, did any one of these idiots remember that in the end its six feet. What a wasteful lives they've built for themselves. Jonathan whether you like it or not God will judge you and your entire cabinet. You are very evil Jonathan, so wicked and heartless. Because you are little idiots, so many things went wrong during your government. Corruption were celebrated day-in-day-out for 8 good years. Jonathan do you understand the number of Nigeria graduates that all the looted monies during your administration could have benefited. All of you will retired in pains, sorrow and weeping till Jesus comes. Rest assure that all looted monies has been spiritually used to built a mansion for all of you in the Hell fire.

The CBN under the leadership of Emefiele allowed the withdrawal of these large sums in Forex.
The same CBN immediately after the general elections commenced the introduction of retrogressive measures
denying Manufacturers, Entrepreneurs and Individuals legitimate access to Forex citing paucity.
Just recently, the CBN governor predicted the country is heading for recession in 2016.
So who’s interest precisely was the retarded CBN governor serving when our Forex treasury was being looted?