₦airaland Forum

Tinubu is now the next target

simpleseyi:
YES, and what will you do? Has EFCC jailed imPatience Jonathan? Has EFCC jailed Obasanjo?

But they promised to fight corruption

helinues:


Bullion van news Wey go soon die like other fake rumors news

Fake rumour news like the Ikoyi millions

dre11:
Magu, Presidency in dilemma

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, might have put himself and the Presidency in a tight corner over the latest foreign cash seizure, which is said to be over N13 billion when converted.

This is coming on the heels of confusion over the ownership of the funds. While there had been brickbats over the temporarily forfeited sum, a Presidency source told Saturday Telegraph that some people within the corridors of powers are not happy with Magu for not letting The Presidency know about the latest operation before rushing to the media.

The EFCC had on Wednesday circulated photos and video footage of the cash hoard, which was recovered at Osborne Towers at 16, Osborne Road, in Ikoyi area of Lagos on Wednesday.

The hidden money, said to be in different currencies; $43,449,947; £27,800 and N23, 218,000 were hidden in safe cabinets inside one of the apartments in the building.

The source, who happened to be a high-ranking officer in one of the armed forces, explained that most of those who had spoken about the issue were not happy with Magu because he had put the Presidency in a difficult situation.

“It was silly of the EFCC to have rushed to the media. Now, it has put itself in trouble because the money belongs to those we call BGP (Big Government People) in our own phraseology.”

“How do you now expect the issue to be handled? And you know with the anti-corruption posture of the government, President Muhammadu Buhari and his people will wash their hands off.

And this will cause bad blood. Magu has really goofed this time”, he said. However, in the midst of claims and counter claims about the ownership of the building as well as the fund found in it, a former Minister of Aviation, Chief Femi Fani- Kayode, had alleged that the money belonged to Amaechi, the incumbent minister of transportation.

More from: https://newtelegraphonline.com/news/ikoyi-43m-rivers-claims-ownership/

www.nairaland.com/attachments/5161567_efcc3653x365_jpeg7b59c438c85b699e9de59f2f87285285

anonimi:
Fake rumour news like the Ikoyi millions




www.nairaland.com/attachments/5161567_efcc3653x365_jpeg7b59c438c85b699e9de59f2f87285285

The problems with you people are, Una no dey learn and dey always easily forgetting things

helinues:
The problems with you people are, Una no dey learn and dey always easily forgetting things

What did you forget

anonimi:
What did you forget

Try and meditate so that you can remember

PoliticalWitch:
Because anytime EFCC arrests the big politicians, you people come out enmasse and cry 'PARTIALITY'

Like now, any attempt to investigate GEJ or Buhari would lead to most of the country being on fire.

So, EFCC goes after the simple crimes (and to be frank , that's the main bulk of its work).

And don't defend Yahoo boys. They are a big part of the reason why foreign investment does not come into this country...because people get duped, and think all of us Nigerians are bad. Plus, if we let those 'bad' ones among the Nekede boys go today, tomorrow they will be our opressors. No thanks.

I laughed at your assertion, let me tell you, if politicians did what they were voted for, like performed outstandingly well, won't everyone be okay and doing fine? who would think of going into crimes when he has a good source of livelihood.. Man forget what you saying Yahoo exist because the govt failed. You talked about arresting politicians right, which APC political big wig has been probed since their useless corruption fight started? If not only members of PDP (opposition).. if you see the truth say and move on.. so long as the system remains same, and criminal politicians keep walking free Yahoo must continue

So, Tinubu is now a friend of Aso Rock. Thought they peddled not too long ago that Buhari has been taking steps to cut him to size ahead of 2023. Sometimes, you people don't even know what you're saying!

Beverlyjean:
But they promised to fight corruption

Audio fight that is selective.

FactBoyz:
The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, has said politicians’ sins are forgiven when they join the ruling party.

Oshiomhole made this statement on Thursday, while welcoming new members to the party, at the APC presidential campaign in Benin.

As he reeled out names of those who have defected from the PDP to the APC, he said: “I am told that there are a lot of very very senior people from PDP who have decided to join forces with President Buhari to take the broom to sweep away PDP and to continue to ensure that APC continues to preside all over Nigeria.

“It includes my own brother, my friend who comes from my own clime, Henry Duke Genebe. He is the former organising secretary of PDP and we also have former vice chairman PDP and leader of Edo North of PDP. We also have my brother Chief Esheshi Godwin. He is also former council chairman and my very dear friend. We have quite a number of other leaders who have come.

“We have quite a number of other leaders who have come… in fact, once you have joined APC, all your sins are forgiven.”

https://www.google.com.ng/amp/dailypost.ng/2019/01/18/join-apc-sins-forgiven-oshiomhole-video/amp/

www.nairaland.com/attachments/3900895_tmpfbimg14671496201601359061659_jpeg16b35e0420df707155480a7e11564764

Efcc is tinubu's personal security.....

Hmmmmm
AYF...PDP wing
Na so

APC=PDP

helinues:
The problems with you people are, Una no dey learn and dey always easily forgetting things

Look at those drawers carefully, u will notice it wasnt broken..it was rather opened...

So tell me..did the looter keep d key for efcc to find...?.

Very confused organisation....the efcc

They are trying to force EFCC's hand. Na game plan

VirginSearcher:
I laughed at your assertion, let me tell you, if politicians did what they were voted for, like performed outstandingly well, won't everyone be okay and doing fine? who would think of going into crimes when he has a good source of livelihood.. Man forget what you saying Yahoo exist because the govt failed. You talked about arresting politicians right, which APC political big wig has been probed since their useless corruption fight started? If not only members of PDP (opposition).. if you see the truth say and move on.. so long as the system remains same, and criminal politicians keep walking free Yahoo must continue

Dariye was in APC...where is he now...jail.

Nyame was in APC , where is he now...jail

Plus, you PDP guys kept quiet about the corruption when you were in power because you were enjoying. The same thing that your APC counterpoarts are doing.

That's why I don't like you Nigerians very much (yes i am one). Since 2005, i have been hearing 'EFCC goes after OPPOSITION'....which both APC and PDP supporters use when they are out of power. And it is thanks to that line that NO ONE has been put in jail...and NO ONE EVER WILL.

Because y'all defend your corrupt politicans, when they are on your side.

I don't know who you think i am, but as for me......EVERY CORRUPT NIGERIAN POLTICANS...WHOEVER THEIR NAME MAY BE DESERVES TO BE IN JAIL.

So, cut the 'EFCC is prosecuting opposition track.' I have heard that tale since 2005...and frankly, I'm tired of it. I'm also tired that nothing was done about bullion van and grasscutting.

And Yahoo exists because you Nigerians are a greedy people. Far more people are engaged in legit activities, and it is the few yahoo boys that are spoiling it for the rest of us. Stop defending them. And stop defending corrupt PDP polticans....same as I would tell those APC zombies to stop defending their corrupt leader polticians.

chrisxxx:
I can even make statement for Tinubu.
Tinubu as a businessman he is, has a cordial relationship with bullion vans drivers. To be frank the two guys that drove the vans to his house - Adewale Shittu and Gbenga Kehinde have been his personal friends since his days in ExxonMobil.
The two guys decided to visit him as friends at close of work in their bullion vans. If they were ambulance drivers they would have done the same. Would anybody have questioned that? Cant friends visit their friends again? If they were military guys they would have come in their uniform.
Chief Wale Wale
Personal Publicity Secretary to Asiwaju Tinubu.

Just look at how stupid you sound in the name of defending a looter.

Days after the bullion van saga, he admitted the van was carrying money by his reckless statement " is it your money", and you are here talking rubbish.

There are even two scenarios here.

1. His movement of such heavy cash violates the anti-money laundering laws.

2. The money came in less than twenty four hours to election possibly for vote buying, as crowd were seen gathered around his house as t the time of the van entering.

He has some serious explanations to make on this issue.

Please stop sounding stupid and intellectually empty in trying to defend a criminal.

chrisxxx:
I can even make statement for Tinubu.
Tinubu as a businessman he is, has a cordial relationship with bullion vans drivers. To be frank the two guys that drove the vans to his house - Adewale Shittu and Gbenga Kehinde have been his personal friends since his days in ExxonMobil.
The two guys decided to visit him as friends at close of work in their bullion vans. If they were ambulance drivers they would have done the same. Would anybody have questioned that? Cant friends visit their friends again? If they were military guys they would have come in their uniform.
Chief Wale Wale
Personal Publicity Secretary to Asiwaju Tinubu.

you made me laugh this morning....
thanks

chrisxxx:
I can even make statement for Tinubu.
Tinubu as a businessman he is, has a cordial relationship with bullion vans drivers. To be frank the two guys that drove the vans to his house - Adewale Shittu and Gbenga Kehinde have been his personal friends since his days in ExxonMobil.
The two guys decided to visit him as friends at close of work in their bullion vans. If they were ambulance drivers they would have done the same. Would anybody have questioned that? Cant friends visit their friends again? If they were military guys they would have come in their uniform.
Chief Wale Wale
Personal Publicity Secretary to Asiwaju Tinubu.

Is this for real?

You Nigerians deserve your leaders. You really do, honestly!

That's the reason buhari was installed as a president, for him not to be arrested by any anti graft agency,to cover all his ill rotten wealth,the president is doing his job to cover this baron.

Arewa youth or arewa men?


so people think Tinubu will be bold to drive bullion van in his house without the back up from the federal govt?


how are this critic sure federal govt is not the one that ordered the bullion van inn Tinubu's house?


there is no case here but a political humiliation to undermine Tinubu's mythical political ambition



Tinubu is not running for presidency, that's the fact but people with low IQ won't deduce that. this man lowkey made him what he's today. he talk less, only grant interview when is needed.


though I understand that is silence is killing many ignorants. no wonder people here were expecting him to talk on herdsmen saga when he don't even hold any political post. the babalawo that made Tinubu a talk of the country really do something big for him

The power of the broom

I still imagine how Tinubu,I mean how a whole Tinubu will think like “nothing go happen” bring me the bullion van on election eve!!!. I respect that man a lot but acting in this matter make wonder if our leader still think

what exactly did Tinubu do to contradict the law mr hater

a private citizen can cash any amount of his personal money anytime he likes without restriction, (dangote once cashed 10 million usd just to see how it looks like) and you can request for the services of a bullion van as a private citizen even with police escort (filling station, hotels, and eateries do this)

Tinubu is a major share holder in INTELS with Atiku his friend, Tinubu owns chains of hotels accross africa, he owns Nation wide Newspaper and TV station, his tax contancy business services many state, and even west african countries like ghana and the rest


The Money Laundering Act 2011
In the last few months, the Nigerian Government has put a massive focus on the anti-corruption fight, and the Money Laundering (Prohibition) Act 2011 (and the amendment to the Act in 2012) is a big part of this fight.

We at LawPàdí decided to create this short informational post to list a few aspects of the law, which concerns the average Nigerian carrying out his/her daily duties. This post is obviously not meant to be a comprehensive review of the Money Laundering (Prohibition) Act 2011 (and the amendment to the Act in 2012), and in fact, we intentionally do not cover the aspects that are more relevant to financial institutions and designated non-financial institutions. This quick review was created specifically for the average Nigerian.



1. What is Money Laundering?
Money laundering according to the Act is when any person in or outside Nigeria directly or indirectly conceals or disguises the origin of; converts or transfers; removes from the jurisdiction; acquires, uses, retains or takes possession or control of; any fund or property, knowingly or which he/she should reasonably have known that such fund or property is, or forms part of the proceeds of an unlawful act.

‘Unlawful act’ includes – participation in an organized criminal group, racketeering, terrorism, terrorist financing, trafficking in persons, smuggling of migrants, sexual exploitation, sexual exploitation of children, illicit trafficking in narcotic drugs and psychotropic substances, illicit arms trafficking, illicit trafficking in stolen goods, corruption, bribery, fraud, currency counterfeiting, counterfeiting and piracy of products, environmental crimes, murder, grievous bodily injury, kidnapping, hostage taking, robbery or theft, smuggling (including in relation to customs and excise duties and taxes), tax crimes (related to direct taxes and indirect taxes), taxes crimes (related to direct taxes and indirect taxes) extortion, forgery, piracy, insider trading and market manipulation or any other criminal act



2. Cap on Cash Transactions
The Money Laundering (Prohibition) Act 2011 makes it illegal for any individual to accept or make any cash payment that exceeds N5m (Five Million Naira). This means that every cash transaction over N5m must be done via a financial institution.

Any person found guilty of contravening this is liable to imprisonment for a term of not less than 3 years or a fine of N10m (Ten Million Naira) or to both.



3. Declaration when transporting cash overseas
The Money Laundering (Prohibition) Act 2011 states that any individual, who is transporting cash or negotiable instruments in excess of US$10,000, or its equivalent must be declared to the Nigerian Customs Service.

Non-declaration of the funds or false declaration is an offence that is punished upon conviction by the individual forfeiting the funds in question, or to imprisonment of not less than 2 years or to both.



4. Gambling in a Casino
If you gamble in casinos in Nigeria, then you should be aware that the Money Laundering (Prohibition) Act 2011 provides that a casino must verify the identity of its customers and record all transactions, including the nature and amount involved in each transaction, and this information shall be kept in a register and preserved for a period of at least 5 years after the last transaction recorded in the register.

Therefore the information about people who gamble in casinos is mandated by law to be kept for 5 years.



5. Data Retention by Financial Institutions and Designated Non-Financial Institutions
The Act provides that the above institutions shall keep a record of a customer’s identification for a period of at least 5 years after the closure of the account or the severance of relations with the customer.

This therefore means that irrespective of the fact that you have closed your account or dealings with the above institutions, they are still obliged by law to keep a record of your details.



6. Obligation to report to the Economic and Financial Crimes Commission (EFCC)
The Act provides that financial institutions and designated non-financial institutions are obliged to report to the EFCC any single transaction, lodgement or transfer of funds in excess of N5m (Five Million Naira) within 7 days.

Therefore individuals should be aware that if they make such transactions, such transactions would be liable to be monitored by the EFCC.



7. Numbered or Anonymous Accounts
The Money Laundering (Prohibition) Act 2011 makes it illegal to open or maintain a numbered or anonymous account in Nigeria. A numbered bank account is a type of bank account where the name of the account holder is kept secret, and they identify themselves to the bank by means of a code word known only by the account holder and a restricted number of bank employees, thus providing accountholders with anonymity in their financial transactions.

The offence is liable on conviction to a term of not less than 7 years but not more than 14 years imprisonment.



8. Money Laundering ‘Agent’, Conspirators, and Accessories
The Act makes it illegal for individuals to carry out money laundering activities on behalf of another person, when he/she knows or suspects that the other person is engaged in or has benefited from criminal conduct, and such an act is liable on conviction to imprisonment for a term not less than 5 years or to a fine equivalent to 5 times the value of the proceeds of the criminal conduct or both such imprisonment and fine.

The Money Laundering (Prohibition) Act further makes it a crime to conspire, aid, abet, incite, procure, induce or counsel any other person to commit a Money Laundering offence, commits an offence and is liable on conviction to the same punishment as is prescribed for that offence under this Act.

clarocuzioo:
Just look at how stupid you sound in the name of defending a looter.

Days after the bullion van saga, he admitted the van was carrying money by his reckless statement " is it your money", and you are here talking rubbish.

There are even two scenarios here.

1. His movement of such heavy cash violates the anti-money laundering laws.

2. The money came in less than twenty four hours to election possibly for vote buying, as crowd were seen gathered around his house as t the time of the van entering.

He has some serious explanations to make on this issue.

Please stop sounding stupid and intellectually empty in trying to defend a criminal.

helinues:
The problems with you people are, Una no dey learn and dey always easily forgetting things

What did you forgetting

Gandollar:
What did you forgetting

That's haram English se you know

oyin44:
l can't imagine..how could anyone be throwin stones on a fruitless tree.

People like that will throw stones on NEPA poles waiting for Mangoes to fall.

chrisxxx:
I can even make statement for Tinubu.
Tinubu as a businessman he is, has a cordial relationship with bullion vans drivers. To be frank the two guys that drove the vans to his house - Adewale Shittu and Gbenga Kehinde have been his personal friends since his days in ExxonMobil.
The two guys decided to visit him as friends at close of work in their bullion vans. If they were ambulance drivers they would have done the same. Would anybody have questioned that? Cant friends visit their friends again? If they were military guys they would have come in their uniform.
Chief Wale Wale
Personal Publicity Secretary to Asiwaju Tinubu.

Night of a thousand laughs.