BREAKING!!! Minister of Industry, Enelamah Caught Red Handed in N42b Fraud, May Be Sacked


This is serious!

A very strange event on Monday last week, April 1, and it was no April Fool prank. Minister of Industry, Trade and Investment Dr Okechukwu Enelamah appeared before the Senate Committee on Industry, Trade and Investment to defend his ministry’s 2019 budget proposal. The committee, chaired by Senator Sabo Mohammed [APC Jigawa], accused the minister of trying to appropriate N42 billion in federal funds to a private company.

Enelamah presented a booklet containing 2019 budget proposals for his ministry’s 17 agencies. When he finished, committee chairman Sabo Mohammed referred him to item 2 on page 7 of the booklet, where N42.091billion was allocated to Nigeria Special Economic Zone Company [NSEZC], an unknown agency under his ministry. Enelamah then said the company was established through a presidential initiative and approval was given at a cabinet meeting in May last year. Asked to name the company’s owners, the minister mentioned “federal government and other shareholders.”

The committee chairman however produced a document from Corporate Affairs Commission [CAC] which showed that the company’s real name is Nigeria Sez Investment Company Limited and not Nigeria Special Economic Zone Company listed in the minister’s documents. The CAC documents also showed that Dr Bakari Wadinga, Mr Olufemi Edun and Ms Oluwadara Owoyemi are its directors. Mohammed said, “The document clearly states that the company is a private company and that liabilities of the members are limited by share which as shown, gives the federal government 25 per cent and 75 per cent to the private individuals.”

Media investigation later revealed that two of the firm’s three directors are serving aides of Enelamah. While Femi Edun is his Special Assistant on Special Economic Zones, Ms Oluwadara Owoyemi is Enelamah’s Special Adviser on Investment. The third director, Dr Bakari Waringa, is a public servant, Director of Finance and Accounts at the Bureau of Public Service Reforms.

Enelamah’s adviser on strategy and communications Bisi Daniels later said Nigeria SEZ Investment Company Limited (NSEZCO) was incorporated as a special purpose vehicle to deliver Project MINE (Made in Nigeria for Exports), which is a presidential initiative. “The FEC approval also provides that all current and future capital appropriations for Project MINE should be transferred to NSEZCO’s account, as soon as opening formalities are completed.” He also said he requested the Budget Office to domicile the funds for the MINE Project in NEPZA’s 2017 and 2018 budgets because then, NSEZCO had not been created.

The Senate had written to the Accountant-General of the Federation in January this year insisting that on no account should the company be recognised “for the purpose of transferring the funds meant for NEPZA as requested by the Minister of Industry, Trade and Investment (via a letter dated 22nd October, 2018).” The Senate urged the Accountant-General to release the funds “only” to NEPZA as they were “only budgeted for the NEPZA capital projects in the 2017 Appropriation and not an intervention fund.”

Following the detection of this illegal budgetary allocation to a private company masquerading as a government agency, the Senate Committee rejected the ministry’s entire N15.633 billion 2019 budget and threatened to reallocate the disputed funds to other agencies unless the minister forwards a written explanation on how the company got into the Budget, plus its management staff, staff strength and statement of account.
If money is to be appropriated for a project, why wouldn’t it be allocated to the relevant agency, and later paid out as contract fees to a company? Why should a company with 75% private ownership be smuggled into the budget as a so-called special purpose vehicle? And what are the minister’s aides doing there as the special vehicle’s owners?

This is fishy, very fishy. Besides, the creation of NSEZC negates the Buhari administration’s objectives of pruning the number of existing MDAs. The Senate and Presidency must get to the root of this matter. Unless the public gets a cogent explanation, the inescapable conclusion is that someone tried to play hanky panky with public funds.

http://igberetvnews.com/611304/breaking-minister-industry-enelamah-caught-red-handed-n42b-fraud-may-sacked/

CX: Lalasticlara

Chimo

Just see the kind of mega fraud Buharis aides are perpetrating? how can you create a fake company using your cheap aides as directors and and now plan to steal over 42 billion Naira from govt just like that

Buhari's gangsters at work

IPob, Arewa and Afonjas collabo

One Nigeria in crime

impossible , those who know him Know, this is a Dead on Arrival

This is ridiculous if confirmed to be true hence it should be appropriately investigated and judiciously dealt with.

ebukamen:
Chimo

lolzzzzz

RichBoy247:


Buhari's aides or Biafran thieves in Buhari's government? For your reminder, the Minister's name is Dr Okechukwu Enelamah. He is a Flattino that has inherited Stealing, Looting, Drug Trafficking, Armed Robbery and other Crimes from his forefathers. Buhari needs to flush his government of all Flattinos.

Your. Post are always filled with hate,please grow up and change

It is only a Southern head they can disgrace like this. Certainly can't try it with a northerner.

Richdad

@Lalasticlara

To show how foolish many PDP Igbo supporters can be is Babachir Lawal former SGF to Buhari facing prosecution now a southerner ?

Richdad50:
It is only a Southern head they can disgrace like this. Certainly can't try it with a northerner.

Richdad

RichBoy247:


Buhari's aides or Biafran thieves in Buhari's government? For your reminder, the Minister's name is Dr Okechukwu Enelamah. He is a Flattino that has inherited Stealing, Looting, Drug Trafficking, Armed Robbery and other Crimes from his forefathers. Buhari needs to flush his government of all Flattinos.

Wiseandtrue:
If he's from the North, Fulani extract to be precise, Buhari will not be aware of it, he will look the other way, praise, pardon and kill the matter but if he is from the South, he will look into the matter!

He will sack or reshuffle his cabinet

Ethnic division reigns supreme under his regime!

A true definition of president of the North!!!

Already fretting because of tribal allegiances that have suddenly prevented you from blaming Buhari as you are wont to do?

If it was another minister from a different tribe, would you have even contemplated the above quote?

And tribal bigot ve started seeing this as another tribal war

The minister is a thief.

From what I know about the man in question, this is definitely nothing but a lie.
Someone is (or some people are) trying to play a fast one.
By fire by force, Nigeria must be better. God help us.

Enelamah is a professional and a technocrat, i pray this ain't true ooo or else the dude don spoil ihm career !!

He would have lied to The cabinet too ..... anyway sha ..... we dey washh am oo

Aganga made that ministry the back bone of our economy, this guy and his boss are looting.

SarkinYarki:
Just see the kind of mega fraud Buharis aides are perpetrating? how can you create a fake company using your cheap aides as directors and and now plan to steal over 42 billion Naira from govt just like that

Who catch am? Na the same APC.

I smell corruption. Indeed mega one!

Why is Nigeria this corrupt? Why?

For those above watching and commenting with ethnic lenses, I felt sorry for you. Why the chase for the shadow while the players themselves are chasing the substance.

Keep on fighting useless ethnic fight while the players keep on scoring.

I don't care if he is igbo.... HE IS A THIEF! If investigations find him guilty....

He should be sacked... Useless corrupt fool.

Unfortunately our visiting president has left to his country.
By the time this Saint Buhari political staff finish with Nigeria; GEJ's cabinet corruption will be child's play.