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OgunNewsFact:
Pressure Mounts on Buhari to Remove Finance Minister, Kemi Adeosun
A group has blamed the alleged inactive role played by the current Finance Minister on the downturn of the Nigerian economy which is generating panic among the populace.
A civil society organisation, Rescue Nigerian Economy Project has called on President Muhammadu Buhari to as a matter of urgency redeploy Nigeria’s Finance Minister, Kemi Adeosun to another Ministry in order to save Nigeria’s economy from going into recession according to Daily Independent.
In a statement made available to Daily Independent on Tuesday, its Executive Secretary, Dennis Alamu- George said Adeosun’s handling of the Finance Ministry since her appointment has proven that she is a rookie who is not qualified to proffer solutions to the myriads of problems confronting Nigeria’s economy.
While also calling on Adeosun to resign honourably if she finds the task too daunting, the group said the minister”through her inactions in the past few weeks has confirmed the verdict by the Economist that she is poorly qualified to be Nigeria’s Finance Minister”.
“President Buhari does not know Kemi Adeosun from Adam. She was recommended to her by the incumbent governor of Ogun state under which she has served as Commissioner for Finance. From her performance so far, the Minister has proven that the management of Nigeria’s economy is a different ball game when compared to that of Ogun state”.
“While there is lack of economic direction from the federal government, the Minister has not come up with any concrete plan aimed at salvaging Nigeria’s economy, which is in a state of coma. Foreign investors are leaving in droves while millions of Nigerians have had their money stuck in the capital market”.
“If Nigerians can criticise the contents of the 2016 budget and President Buhari has written to the National Assembly seeking its withdrawal, he should also realise the mistake he has made in the appointment of Mrs Adeosun and redeploy her to another ministry as a matter of urgency”.
If there is any ministry that requires a thoroghbred professional with vast experience, it is the Ministry of Finance. It is not a ministry that anybody should experiment with, especially now that we are grappling with sharp decline in oil prices.Competence should take priority over political affiliations” the group said.

Meanwhile, it would be recalled that the Coalition Against Corrupt Leaders, CACOL had earlier declared Kemi Adeosun as unfit to be the Minister in charge of the economy based on the alleged fraudulent activities she was said to be used for as the finance Commissioner in Ogun State.

The excerpts...

Kemi Adeosun Declared Not Fit To Be Minister

3 months ago

The head of the Coalition Against Corrupt Leaders, Debo Adeniran, has described the ministerial nominee from Ogun state, Kemi Adeosun, as a misfit for the task if eventually confirmed by the Nigerian Senate.

Adeosun was one of the 21 nominees for ministerial positions sent by President Muhammadu Buhari to the Senate and which was read by the Senate President, Bukola Saraki on Tuesday, October 6.


In a petition titled: Kemi Adeosun’s Ministerial Nomination; CACOL Discovers Another Misfit, Adeniran said after running through the list, he and other concerned Nigerians, cannot pretend to be comfortable with some names, prominent among which is that of Kemi Adeosun, the former Finance Commissioner in Ogun State of Nigeria.


“Whilst conceding to you, as constitutionally empowered, the power to appoint, even without consulting with anyone, we in CACOL consider it a patriotic responsibility on our part to bring to your notice, facts and information at our disposal that are considered useful and helpful to your administration; all in the overall interest of Nigeria and Nigerians.

“This petition, we want to make clear, is not aimed at pulling anybody down or settling scores other than to ensure the right pegs are in the right holes; a sermon you have consistently, since assuming office, been preaching.

“Do permit us to remind you that CACOL had, right from time, been in the vanguard of advocating thoroughness and sincerity in the exercise of selecting those who were to man top positions in your government as Nigerians are yearning for a sharp departure from the ugly past whereby appointments were made strictly as a means of settling loyalists of the ruling party while competence and integrity were relegated to the background.

“You will also remember, your excellency, how we have remained consistently vocal in demanding that some of your favoured party men who had previously served in high public offices but were having allegations of one corrupt act or the other hanging on their neck, be thoroughly investigated and cleared before being considered for higher responsibilities in your government, or prosecuted if found culpable.

“The former governor of Lagos State, Babatunde Fashola is one of such cases in question.

“This is why we would be imploring you to see and treat this piece as just one way of contributing our quota to the process of that positive change in our life as a nation and to further strengthen the degree of impressive credibility and confidence your young administration is presently enjoying from across the country,” Adeniran said in a petition to the President.

He added that Mrs. Adeosun is one individual that cannot add any value or gain to Buhari’s administration which, as the President had promised, would be focused, proactive, selfless and above all, corrupt-free.

He said his protest against Adeosun was due to her many scandals premising on financial mismanagement, questionable and self-beneficial transactions of government businesses, wastefulness, acquisition of questionable wealth, ineptness and graft.

“Report even has it that Mrs. Kemi Adeosun has been parading a dual citizenship (British/Nigerian); a status that constitutionally disqualifies her from holding such office.
 
“Your Excellency, as you can see from the attached, our office has been inundated with petitions from various quarters, apparently out of patriotic zeal and inclination for a positive change in our national life and polity, as consistently being canvassed by you and your party, the APC and certainly NOT out of personal grudge or bitterness,” Adeniran said adding that his organisation was in possession of documents which chronicles allegations of financial impropriety leveled against her by Organisation of Financial Probity.”

The group had in a statement issued last week accused the former commissioner of dual citizenship, fraud, awarding contracts to her husband, manipulation of government records, and living above her income.

It, also in a press release titled ‘Ten Things People Need to Know About Mrs Kemi Adeosun, Former Commissioner for Finance, Ogun State’, alleged that Mrs Kemi Adeosun’s four-year stint in Ogun State left behind a trail of financial mismanagement, immeasurable ineptness and unspoken avarice. Mrs Kemi Adeosun failed in her primary duty to guide Governor Ibikunle Amosun in prudent financial management.

Among the claims of the group include:

1.        A British citizen, Adeosun returned to Nigeria in the early 2000s, having worked at a local branch of a UK building society, but determined to break into the Nigerian financial sector by any means possible.

2.        One of the first positions she obtained in Nigeria was in Bolaji Balogun’s ChapelHill Denham where she was asked to resign, following anti-company activities which she executed in conjunction with Niyi Adeosun, her husband – a heavy drinker who has made a career of capitalising on dubious opportunities created by his wife. We would like Kemi Adeosun to let the general public know about the role both she and her husband played in the failed Ogun State Model Schools project which resulted in a huge waste of public funds. Her husband’s company collected an advance payment for building some of the schools yet the structures did not materialise.

3.        Although their relationship has since gone awry, it is widely known that it was Mr Wale Edun, former Lagos commissioner for Finance (under Tinubu) who generously recommended Kemi Adeosun to Governor Amosun. Due diligence was clearly not done or else it would have been apparent to Ibikunle Amosun that he was appointing someone who is commonly referred to as a ‘rogue’ in the Nigerian financial sector.

4.        On getting the job as Commissioner for Finance in Ogun State, Kemi Adeosun constantly misled both the State Executive Council and the governor by over-inflating the state’s IGR. This led to the Ogun State government being further plunged into debt. It would be instructive to learn just how much debt Ogun State has accrued in the last four years under the watch of Governor Ibikunle Amosun and his Finance Commissioner. We challenge Mrs Kemi Adeosun to provide an analysis of the recurrent income that supports her IGR claims. Does Kemi Adeosun not know that the huge debts owed to hundreds of contractors should form part of the state’s current liabilities? Ogun State’s finances are in a mess.

5.        During her tenure, Kemi Adeosun routinely rejected good opportunities for investor funding of projects, in preference for loans to the state so that she could benefit from kickbacks from banks such as GTBank and First Bank. So devious is she that when given preloaded bankcards, she would specifically demand that the money be handed to her in cash.

6.        Kemi Adeosun misled the State Executive Council in divesting from or underfunding potentially lucrative but failing parastatals like Gateway Savings and Loans, Plantgate etc thereby creating business opportunities for companies to which her husband is linked.

7.        Kemi Adeosun used her inside knowledge of projects in other ministries to hijack initiatives that the ministries were promoting. A case in point is the flagship programme, Home Owners Charter, which ended up being driven by the Ministry of Finance instead of the Ministry of Housing. Such projects provided the opportunity for profiteering. Based on our research, Mrs Kemi Adeosun managed the statewide supply of the bright green Home Owners Charter porter cabins at six times the going rate.

8.        A particularly juicy project was the implementation of the cashless policy. It affected almost all major ministries yet was done without consultation or collaboration, leaving Kemi Adeosun as the controller-in-chief of the ‘thank-you’ packages from the banks who paid her a percentage on a recurrent basis.

9.        In the words of a member of staff at the Ministry of Finance, “When Mrs Adeosun can not find a way of personally benefitting from an initiative introduced by any of her colleagues, she is known to kill it with lies, thereby abusing her access to the governor. She would then repackage the same ideas in a way that would benefit her directly, more often than not using the Ministry of Finance or her external surrogates.” The details of such transactions will be made public in due course.

10.     It is important for Nigerians everywhere to know that if Kemi Adeosun is appointed to any Federal MDAs, she will without a doubt undermine President Buhari’s intentions by damaging such an institution with her greed and inclination for corrupt practices. Without resorting to bamboozling people with her cockney accent, we challenge Mrs Kemi Adeosun, who is not an indigene of Ogun State to provide the general public with references from the financial institutions she has worked for.

Adeosun said that there was no truth in the allegations and dared the group to provide evidence of their claims made in their statement.

 

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lionness:
Yeeeebos bloggers and fake news. The news isnt even from Naij.com but some Onitsha Rubbish Blogger who writes about S3x positions and trash.
Anyways, you shamelessly defended the greatest fraud to ever grace the ministry of finance, the same calamity who wrecked the country by giving cash to her looters brothers, and you think your rubbish can sway the current government? Bunch of looooosers! Keep posting trash! 2019 is a long time

OgunNewsFact:
Kindly go through the story for better understanding. The recent call to remove the finance minister was reported by Daily Independent, some 3 months ago, CACOL described her as a fraud not fit for such position and that was reported by Naij.com. Please always read well to understand before reacting.

lionness:
Yeeeebos bloggers and fake news. The news isnt even from Naij.com but some Onitsha Rubbish Blogger who writes about S3x positions and trash.
Anyways, you shamelessly defended the greatest fraud to ever grace the ministry of finance, the same calamity who wrecked the country by giving cash to her looters brothers, and you think your rubbish can sway the current government? Bunch of looooosers! Keep posting trash! 2019 is a long time

DIKEnaWAR:
To be very frank and fair to this woman, she is not the problem. Buhari is the problem. Which Minister has really taken any action since being sworn-in? They are all waiting for Buhari to tell them to do this or that because he doesn't trust them or their ideas about running a government. This is what we got by reposing so much confidence in one man and making him think he is the best among us. Examples abound to buttress my assertion. Look at what is happening between the CBN and forex restrictions.

Some persons have hijacked Buhari and are preying on his total ignorance and lack of knowledge of world affairs. I don't know who but it is evident Buhari is not in control and in tune with his environment.

Look at the shameful budget presentation and disappearance for instance. Buhari only got to know the contents of the budget after reading newspaper criticisms of the over-bloated budget. Look at his response to the Military massacre of Nigerian citizens who are followers of Sheikh Al-Zakzaky. His response to issues shows he does not have first hand information on it. He acts on hearsay from very biased minds. Like Yar'adua, he is confined to Aso rock and made to believe he is in-charge, while every other thing is adrift.

I miss the days of Obasanjo. At least we were moving forward. I miss the days of GEJ. We were moving forward. Now we are in reverse gear and moving backwards. The APC is not helping matters by looking in the rear view mirror and finding who to blame.

Buhari needs people in the mould of:

1. Okonjo-Iweala as Finance Minister(no matter what some idiots say, I believe they will soon realise her worth and ask for her help, even if covertly).

2. Aganga as his Minister of Trade and Investment.

3. Adeshina as Minister of Agriculture.

The only appointments Buhari got right are:

1. Ibe Kachikwu. Petroleum

2. Geoffrey Onyeama. Foreign Affairs.

He should learn to allow his Ministers bring their own initiative to governance. Two gOod heads are better than one.

oduastates:
Kemi ain't going nowhere.
For the first time in a very long time, we have an accountant in charge of the country books.
Economic direction?
Direction ko, erection ni.
Do you think we are still in the era of the clueless otuoke fisherman who allowed himself to be bamboozled by an equally incompetent and unpatriotic Iweala?

Economic direction will given by those constitutionally authorised to do so. The national economic council.( NEC)
The president and his team, the governors, the CBN and other agencies of government whose job it is to handle Revenues
Kemi's Job is to do the government's account,find the money to enable the government to execute her policy and follow the money once it goes out.
Or wait, do you expect buhari to give the entire economy to a graduate in agriculture like Jonathan once did

One of the first positions she obtained in Nigeria was in Bolaji Balogun’s ChapelHill Denham where she was asked to resign, following anti-company activities which she executed in conjunction with Niyi Adeosun, her husband – a heavy drinker who has made a career of capitalising on dubious opportunities created by his wife.

hedonistic:
Funny indeed. This is what gullible Nigerians have been saddled with. Let them enjoy their 'change'.

lionness:
Yeeeebos bloggers and fake news. The news isnt even from Naij.com but some Onitsha Rubbish Blogger who writes about S3x positions and trash.
Anyways, you shamelessly defended the greatest fraud to ever grace the ministry of finance, the same calamity who wrecked the country by giving cash to her looters brothers, and you think your rubbish can sway the current government? Bunch of looooosers! Keep posting trash! 2019 is a long time