A Federal High Court Abuja, has slammed N10,000 (Ten Thousand Naira) fine against the Economic and Financial Crimes Commission (EFCC) for failing to appear in court for the continuation of hearing on the trial of Dr. Philemon Gora on a two-count charge for illegally operating a financial institution.
This fine was slammed on the 23rd November, 2018, as the non- appearance of the prosecution, the Economic and Financial Crimes Commission (EFCC) in court, without notice, also stalled the hearing of the day.
The counsel to the defense told the court how the EFCC, against a subsistent court order, arrested his client, Dr. Gora after the last court sitting, detained him for almost a week and quickly released him on that night before 23rd November, 2018 trial day.
The defense later opined that it was this illegality on the part of the EFCC that prompted their non- appearance for the trial. Thereafter, the counsel to the defense, Barr. Alex argued for the case to be struck out for non-appearance and other abuse of court orders and processes by the prosecution.
This demand for the case to be struck out was, however, rejected by the court.
The trail judge, justice Ijeoma Ojukwu was very furious at the non-appearance of the prosecution and the continuous harassment, intimidation, incessant arrest and detention of the defendant.
she thereafter slammed a fine OF N10,000 against the EFCC and compelled them to appear on November 30, 2018 for continuation of trial.
On the next trial day, 30th November 2018, the third and fourth prosecution witnesses that were supposed to testify against Dr. Gora were unavailable. The counsel to the prosecution said the witnesses are military officers. He went on the say that one of the witnesses was totally absent in court without any reason while the other called him to take excuse that he (the witness) was not released from his duty post. The circumstance now constrained the prosecution to seek another adjournment.
The lead defense counsel, Barr, Alex, expressed dissatisfaction that the court has had to adjourn the case severally at the instance of the prosecution without serious reasons. He frowned at the careless manner of handling of the suit which they ( The EFCC) filed against the defendant.
Thereafter the trial judge, justice Ijeoma Ojukwu also made known her displeasure with the improper manner of the handling of this very serious suit. The court sitting thereafter indicated that it would not entertain more than 5 adjournments at the instance of the EFCC as they have already sought too many adjournments leading to unnecessary delay on the matter.
This would mean that the honourable court will have to strike out the case if the prosecution continues to frustrate the continuation of this very serious case as the EFCC is fond of seeking unnecessary adjournments.
The prosecution promised to make their witnesses available on the next trial date. The court then adjourned the case to 18th and 19th February, 2019 for continuation of trial.

The allegation of illegally operating a financial institution suit filled by the EFCC against Dr. Philemon Gora continued on Monday 5th October and Tuesday 6th October with the admittance of more evidence by the court as presented by the prosecution witnesses.
Gora has always pleaded not guilty to the charges stressing, “I am not guilty because I have a valid bank license’’
We recall that the first prosecution witness, Philip Eze, while being led in evidence by the prosecution counsel, in the previous hearing had already told the court all he knew about the alleged illegal financial operations of Dr, Gora way back when he worked as a staff in Cashflow ABI Network Limited as business developer, a company owned by Dr. Gora .
The day began with the cross examination of the Mr. Philip Eze by the defense counsel. Mr. Eze confirmed to the court again and again that Cashflow Abi Network Limited and Dr. Gora was indeed paying investors as at when due before the purported freezing of the accounts of Cashflow ABI and Dr. Gora ‘s Personal accounts by the EFCC.
According to Mr. Eze, although, Gora could not continue payment of liabilities based on his company’s accounts being frozen by the government , he, Dr. Gora started different sets of investment schemes and almost all of them ending in a sad note of people investments being trapped.
When he was further cross examined, he said he never operated any of the Cashflow ABI network Ltd’s bank accounts except dealing with bank officers at the counter without meeting with any senior officers. Eze claimed all the investments capital he collected from investors in the capacity of account officer and business developer of Cashflow, he paid them to Cashflow bank accounts.
When pressed further on the mode of payment of ROI to some of the investors that he managed their investments, he said he paid all their accrued interests through their personal bank accounts.
From cross examination and from Eze’s personal statement, he had managed many of the investors’ funds and he used his personal bank account sometimes to make transactions either to collect investment capitals or to transfer money Return on Investments to clients he was managing their investments.
The defense counsel now asked Mr. Eze whether he knew the charges to which Dr, Gora is being tried, he said he was not aware specifically. He was then asked whether his testimony is relevant to the charges in which Dr. Gora is charged, he claimed not to have seen the charge or charges of the case of which Gora is tried. At this point, Eze ended his testimony.

The prosecution then presented another witness by the name of Michael Olushola Olusegun who mounted the witness box to testify against Dr. Gora. Immediately after taking his oath he started by saying Gora with his organization, Cashflow ABI Network Ltd was introduced to him by Philip Eze, the then business developer with Cashflow Network Ltd. Michael told the court that Philip Eze introduced Dr. Gora’s car investment scheme to him which attracted 50% of whatever anyone invested in 45 days to get a car of one’s choice. Michael said he invested N100,000 (One hundred Thousand Naira) of which he was supposed to get his proposed car (Toyota Highlander) after 9 months of investment based on accumulation of the 9 month return on investment (interest) of the 100K invested. He did not get either his N100,000 capital or interest.
He also invested in other packages he could not remember the exact amount. He claimed to have paid all his investments into Cashflow ABI network’ bank account.
According to Mr. Michael, another scheme brought out by Dr. Gora after the collapse and failure of Cashflow ABI Network Ltd, which he also participated was called the Local Robot. It was a scheme that was to last for 7 years of which an investor was expected to get 40% interest in every 30 days. There was an option for investors to cash out their invested capital and interest after 3 months and close their accounts if they so wished. He never took the option of closing his account. He claimed to have invested N900,000, with some fractions of thousand in Naira that he cannot remember, which ended in the same fate like Cashflow Investment with neither his capital returned nor his interest received.
He claimed to have paid this particular investment in 2 installments through Diamond bank account of Cashflow. He also claimed to have photocopies of deposit Tellers to tender in evidence to substantiate his claim. However, there was a mix up as he could not identify which among the numerous tellers is for which of the investments.
The counsel to the EFCC, amidst the confusion of document sorting, applied for adjournment for the prosecution to diligently sought necessary documents for evidence. The judge granted the request and adjourned the case to be continued on the next day, Tuesday, 6th November, 2018
However, On the second day, Michael changed his mind as to the number of installment payment he made on Local Robot investment. As against 2 installments he said on the previous day, he later claimed to have made 3 installments in the payment. When asked the figure by the prosecution counsel, he said it was within the range of 930, 000 (Nine hundred and Thirty Thousand) as he could not get the exact figure since it was a long period of time.
The prosecution counsel thereafter asked Michael whether he had any other investment outside what he had just enumerated, Michael answered yes. He went on to enumerate how he invested in another organization allegedly owned by the same defendant in the name of G- Commanding Ltd. According to him, he subscribed to several investment schemes of the company like farmers investment, Astonish package, and he also invested through Success Aid Corporative Society, an organization with 67 members, of which majority of its members also invested through the organization. Michael said the total money invested by members of Success Aid in G-Commanding is well above 10 Million Naira paid through 2 different cheques. Through success Aid, he claimed to have invested 1.2 Million Naira .
He came with a list of 67 members of Success Aid which the judge later admitted in evidence as he claimed to be the admin Officer of this organization.
In all, Michael told the court that he a made a total investment of N14,335,500 in all of Gora’s organizations (Cashflow ABI Network Limited an G-Commanding). For G-Commanding, the Return on Investment fixed by the company was 40% every month. He claimed to not have neither received his invested capital nor interest promised. Also the investment he made through Cashflow did not yield any return and all investment capitals lost.
When pressed further by the prosecution to prove this allegation, he presented sample cards, a kind of scratch cards of different denomination signaling the total amount of failed investments which was given to him by Dr. Gora. He was supposed to scratch each of the cards, reveal the token and together with bank account details send to Dr. Gora’s personal number through which his account would be credited based on the denomination of the card scratched. Michael said he never scratched any of the cards as he never believed in Dr. Gora again after so many failed promises of payment, one of which Dr. Gora would asked each person to pay 10% of their total trapped investment and Gora could not fulfil his end of the bargain even after the 10%-person payment.
Some of the original card samples were tendered in evidence and the defense counsel did not object.
When crossed examined by the defense counsel, it was pointed out to Michael that in his written statement to the EFCC, he never mentioned that Dr. Gora rolled out different investment schemes and he participated in some of them. Also the defense counsel made it clear to the court that Mr. Michael made 2 different statements on different dates to the EFCC. Mike replied that the second statement was a continuation of his first written statement. However, the judge upheld that the 2 statements are different based on the contents and the date issued.
The case was adjourned to 23rd and 30th November 2018 for continuation of hearing.
Immediately after the adjournment, the defense counsel brought to the attention of the judge of the several threats by the Nigeria Police to re-arrest Dr. Gora still on the same came that is pending in court. The latest instances being the drama of the 10th October, 2018, a rogue police officer illegally was brought to the court premises from Minna Police Command to arrest Dr. Gora in a case already in court. This situation can be seen as an assassination plot using a rogue police officer. The rogue police officer was armed, imagine what would have happened if Dr. Gora did not physically resist the arrest with the help of bystanders. Also on the 1st November 2018, a team of police on the order of the EFCC came to court to arrest Gora based on the same case. Again, on Sunday, 4th November 2018, another set of police came to arrest Gora. The defense counsel reminded the judge that all security agencies were given restraining order from arresting his client for now until this case is finally determined. The judge became furious and ordered that no police, EFCC or any other security personnel should arrest Dr. Gora on this case as it is already in court. She further gave a restraining order that the Nigeria police, the EFCC or other security agencies should stay off from arresting Dr. Gora pending the determination of this case.

ALLEGATION OF ILLEGAL BANK OPERATION OF DR. GORA PHILEMON: THE DRAMA IN COURT

On Wednesday, 10 October, 2018, there was a continuation of the case brought against Dr. Philemon Gora, the Managing Director of Cashflow ABI Network Limited, by the Economic and Financial Crimes Commission, EFCC, before Justice Ijeoma Ojukwu of the Federal High Court, Maitama, on a two-count charge for illegally operating a financial institution.
Gora has always pleaded not guilty to the charges stressing, “I am not guilty because I have a valid bank license’’
The day came with a drama of sort with the testimony of a key witness of the EFCC, Mr. Philip Eze, hitting at the consciousness of the epic case that will determine whether Dr. Gora is guilty or not of the offence of which he is being tried .
On that day, beyond Mr. Philip Eze appearing as a star witness of the EFCC, scores of other people had also converged in the court room very early in the morning, with lots of them getting set to be presented as witnesses against Dr. Gora by the EFCC. Other set of people were engrossed in stimulating discourse on what will be the outcome of the case.
Worthy of note is the fact that Dr. Philemon Gora also had people sympathetic to his ordeal in this whole saga.
That was the setting of the day as Philip Eze mounted the witness box to testify against Dr. Philemon Gora. Mr. Philip claimed to be a former staff of Cashflow ABI Network Ltd working then as business developer from 18th September, 2010 when it was then Cashflow Enterprise . He told the court that his role was primarily to bring in clients to the organization and he covered the following states: Ebonyi, Nassarawa, Osun, Ondo, Kaduna, Enugu, Delta and Imo.
He claimed to have sold different financial products of Cashflow to the clients with a return on investments ranging between 20%-100% depending on the prevailing policy at the different investment periods.
He mentioned some specific products like the International Robot where clients invested in US Dollar with a promise of 60% and were charged N102,000 as consultancy fee with an Memorandum of Understanding signed between each clients and Cashflow.
Each client subscribing to this particular product was mandated to open a Domiciliary account in Diamond, collect a cheque booklet on the account, signed all the cheque leaves and handover the signed cheques to Dr. Gora who was to withdraw their investments for trading. According to Mr. Eze, no client had received their capital investments and promised capitals on this particular product.
Another product, Royalty 7 , was also promoted and sold where subscribers invested in not less than N100,000 (One Hundred Thousand Naira) with a Return on Investment of 80% in 30 days. Most people paid through his (Mr. Eze’s) account of which he would move all the money to Dr. Gora through a POS machine provided by Dr. Gora for this purpose. Mr. Eze also claimed to have also used ATM channel in other occasions to withdraw money deposited through his account to Dr. Gora.
He said his GTB account statement can prove all his points. Eze said all original deposit slips relating to his claims were taken to Jos, the then headquarters of Cashflow at the request of Dr. Gora.
He also mentioned Recharge Card products of which each client paid various amount of not less than N5,000 (Five Thousand Naira) with a return of investment of 80% in 45 days . He said there was an option of reinvestment of both capital and interest at the end of 45 days if the clients did not want to cash out their investment.
At a point, the EFCC counsel requested a document being a bank deposit slip for International Robot investment to be adopted as evidence. There was objections by counsel to Dr. Gora as to the relevance of the document to the trial. At the end of arguments and counter argument between the defense and persecution counsels, the court adopted the document as evidence.
Mr. Eze said, prior to 2012, Dr. Gora was paying investors promptly who invested in different products until the accounts of Cashflow were frozen by the EFCC as was claimed by Dr. Gora. It was after the claim of account freezing that Dr. Gora came up with the International Robot investment scheme.
He also claimed to have invested $3,150 with a consultancy fee of N102,000 in the International Robot investment just like other clients with his money trapped in the scheme without getting anything in return.
The court adjourned to 1st November 2018 for continuation of the case.
However, a mild drama ensued as expectations of witnesses who did not have opportunity to testify against Dr. Gora and aggrieved who besieged the court premises were misplaced or not met as the court adjourned sitting to 1st November. This led to both verbal and near physical abuse, on Dr. Gora. Another set of aggrieved clients brought a police officer illegally from Minna Police Command to arrest Dr. Gora in a case already being tried in court.
However, the situation did not go down well with supporters of Dr. Gora who resisted the move by the rogue police officer. The situation could have generated to violence if not for quick intervention of the security operatives and the arrest and detention of the rogue officer by Maitama Division of the Nigeria Police.
The situation of 10th October is reminiscent of 2nd October, 2018 where the EFCC came with 4 armed policemen to arrest Dr. Gora in the court premises on the same case already in court. But on this occasion, the judge gave a strict warning that no arrest should be carried out until the court determines the case pending before it.
The defense counsel and all supporters of Dr. Gora have so expressed total disgust with the brand of persecution in the name of prosecution being carried out by the EFCC. Dr. Gora is ready to accept the judgement of the competent court of law on this case as he has advised all his aggrieved clients to be patient and ready to respect and accept the judgement of the court.
He is also making personal efforts to see that all his clients will be duly compensated in due course despite all distractions by the EFCC. He opined that violence, incessant arrests and threats to life and freedom are not solutions to this problem. He, however, appeals to all his clients all over to be patient as he is fixing up the system for a more financial rewards to all in future business ventures.

EXCLUSIVE INTERVIEW: I AM CARRYING OUT A VISION AND NOT BUSINESS: SO NO MEDIA TRAIL CAN SILENCE ME- GORA
AN INTERVIEW WITH DR. PHILEMON GORA ON HIS CURRENT TRAVAIL WITH THE EFCC

The Chairman of Time Microfinance Bank, Cashflow ABI Network Ltd, and President of Global Funds Inc. Dr. Philemon Ibrahim. Gora is currently facing charges of fraud in the Federal High Court Abuja. He was granted bail by the trail judge in June 2018.

His determination to make a difference and to better people’s lives drove him to pursue a vision, an empowerment scheme which the Nigerian security agencies and financial regulators see as fraudulent venture.

Gora spoke to a group of journalists on fraud allegation against him by the EFCC and his so-called vision which he claimed is for empowerment rather than a business let alone being a Ponzi scheme.

Read on for more of Gora’s side of the story behind the allegation especially the scandalous trending videos labeling him a fraudster.

QUESTION: Welcome Sir. It will seem that the mere mention of your name goes with several controversies. Why is it so? Are you misjudged on several occasions?

GORA: The case concerning my business activities and all the allegations from the EFCC is in the Court of competent jurisdiction so there are certain things I will have to avoid saying in order not to bridge the sub judice rule.
However, for the benefits of my followers, may I use this opportunity to enlighten them on certain issues they are confused of. Let me start by saying that only God and myself know the real truth about the genuine nature or honest intention of all my business activities in Nigeria and abroad.
You may be right in saying that the mere mentioning of my name brings controversy. I may support your position because the government agencies and some powerful individuals generate this controversy around me s they cannot understand the secret of my business. So since they cannot understand what I do, they become confused and I their confusion stoke controversy around me and all my activities.
The controversies tied around my person and my business activities is more than misjudgment. it is total destruction to my person. My detractors want to reduce my self-worth and they are fighting by the day to achieve that. My consolation is that everyone believes in God though the, concept may be different. Let this same God who we all believe in expose me or my detractors. I am sorry I have to use God here as support though some people may take this as fallacious but I have no other support than God as the issue and fight is trying to overwhelm me.

QUESTION: It seems almost all your established organizations have been involved in one scandal or the other, why so?

GORA: It is not and cannot be so. The problem of this so-called scandal started in 2012 when my accounts both personal and business were frozen. We operated a scheme for empowerment of masses up until 2012. Threatened by the high success and level of empowerment across Nigeria, some top PDP members of the last administration conspired against me using state apparatus/institutions with obnoxious intentions to cripple the whole scheme thereby frustrating my good intentions and rendering the beneficiaries hopeless. They succeeded through a complete frozen of all my personal and company’s accounts. From that point, I have not recovered from the blow it dealt to my vison. Since then I have been trying with little success and failures because of one distraction through arrests and incarcerations. All my companies are registered. Why do I seem to experience failure in Nigeria? Why am I not failing in other countries like the USA, Dubai and Ghana? I am angry that it seems I am failing in Nigeria my country and succeeding in other countries. But let me leave it there for now.

QUESTION: What is your thought on the trending EFCC video labeling you a fraudster? Are you not ashamed considering your integrity and stand as a Christian evangelist?

GORA: I know you journalists are ready to punch me hard with is question. I will rather not commend much on this because the whole ingredient of this issue is in court. If I am to speak the real truth, some staff of the EFCC and even the CBN will lose their job. However, after the court case, I will speak again to the media on this matter.
But for the main time, consider the trending EFCC videos as media trial. The main trial is in court. We are meeting there. Kindly follow my trial in court to know the true position on the video. A lot of things will be exposed in court which I don’t need to talk about it here to avoid contempt of court. If the EFCC has any criminal evidence against me, let them bring it to court. They don’t need to get words from my mouth and label me a fraudster. It is only a court that can declare one a criminal and not EFCC. I won a case in court against EFCC in 2013. I believe in the court as the last hope of a common man. I know you expect more from me.
They unfroze my account on the 7th of December, 2017 and at gun point in Diamond Bank they wanted me to perform magic. How can you do a magic with an account that has not been on operation for years and not connected to BVN? You guys should answer me. I needed time to access my money through the dark cloud where I perform my activities. But let me tell you something that will shock you. The bank deleted all information which I needed to log in to my cloud thereby frustrating my intention, vision and goodwill. At last I was left vulnerable and there and then the EFCC labeled me a fraudster, picked me for detention.
I pray none of you should play into the hands of cabals and mafias. Sometimes you may not escape the game played on your head.
I have written letters to Mr. President requesting for a mandate to help in bringing my professional skills in tackling economic challenges, can a fraudster go to that level?
I believe all these games is to silence me. Let me ask you some questions: who owns the plaza complex where huge physical cash was discovered in Lagos? Who is the man that brought the 5 white sacks that contained abandoned money in the Kaduna Airport last year? Let me just say little for now because if I should continue, my life will be at stake.
For being ashamed of the trending EFCC videos I cannot be. Another video will be played in my life to counter these videos. As a financial prophet, you have to prepare to face some of these issues in life. How can I be ashamed when I have not done anything fraudulent? It is my followers that believe in me that I pity because they are the one to feel ashamed of following a “fraudster”.
I am carrying out a vision and not business: so no media trail can silence me. Unfortunately, you journalists cannot get what you want for now. I will still speak with you in the future on this matter after the court judgement.

QUESTION: what is the status of your company’s (cashflow ABI Network Ltd ) accounts that were frozen by the order of the EFCC, are the accounts now open for operation or they are still closed? And if the accounts have been unfrozen as claimed by the EFCC, why have you not started payment of liability to clients who have suffered untold hardships of different forms?

GORA: Yes. As I said earlier, the accounts have been unfrozen. That happened on the 7th of December 2017. After the accounts were opened, they did not even allow me to operate and work on my platform. Instead the EFCC took me to detention for 21 days. Even after my release from detention, the accounts were and are not still connected to my BVN. Post No Debit (PNB) are placed on those accounts meaning I cannot withdraw any money from there. I needed to operate the accounts to work on my dark cloud where I keep, or should I rather say, save my money but with the lack of linking the bank to my BVN I cannot work on the accounts. Let me say here that Diamond bank has refused to link my BVN to those accounts and has refused to issue cheques on those accounts. At this point I should only say that they (Diamond Bank) are afraid of dealing with Dr. Gora with reasons best known to them. So I have not operated the accounts ever since it was opened. The accounts are as good as still frozen.
On the untold hardship of my clients, I know of all their sufferings. My family members, friends, associates, staff and myself have experienced similar hardship. We pray God redeem all of us very soon.

QUESTION: With all your failed promises of payment, why do you still insist on paying clients when it all seems that you don’t have the capacity to pay so huge a liability chasing you around?

GORA: What I am doing is not a business. I am pursuing a vision. If it is a business, I should have run and hide or travel out and hide in another country with the level of liability staring at me. Even when I had the opportunity of staying permanently in the USA or Dubai I refused. I came back to face my clients and suffer with them. The main reason of coming back is to see how to pay my clients. I must fulfil this reason.
Let me also tell you guys that I should rather die instead of not fulfilling this vision. This vision has come to stay. The vision is given to me by God. The so-called huge debt is not beyond God who gave me the vision. The huge debt is a challenge which I will overcome one day through payment.
I love my clients and the vision must continue. The vision cannot stop.

QUESTION: You made an allegation that some staff of the security agencies of government demanded bribe from you at the course of your trial, can you tell us more?

GORA: This is not true. Nobody in EFCC has ever met me demanding bribe. This allegation of bribe by some staff of security agencies is not from me. No staff of Nigerian security agencies has ever demanded a bribe from me. So those peddling this rumour are just trying to clash me more with the government security agencies. Please nobody, and I repeat, nobody should associate me with this bribe allegation against any staff of EFCC or government security agency. And from today, all those holding this position on Gora;s case should desist from that.
But there were some people who claimed to be facilitators to help me soft pedal things. They were never staff of EFCC. I signed many MOUs with them on the formula of sharing clients’ investments if they can help in opening the accounts.
I was signing all these MoUs as a way out my problem. Remember, if a man is drowning, even if you show him a sharp knife, he will grab to see how to survive. So I signed many of this MoUs out of desperation.
None of the MoUs worked out as the so-called facilitators could not deliver.

QUESTION: How do you cope with your family during this trial?

GORA: By the Grace of God I have a very understandable wife with 3 lovely children. She has never queried this vision for once as I had earlier taken time to explain things to her from the beginning. She has been there as support though she has gotten a fair share of the storm because of this vision(Laugh….). I travel with her within and outside Nigeria, she has been an inspiration to me from the start.
I also enjoy good support from my siblings, parents and in-laws. So they are the source of my encouragement.

QUESTION: What are your achievements so far in this business of yours which you would rather see as a vision instead of business?

GORA: I have so many achievements financially and otherwise. I have made many millionaires; many have built luxurious houses , bought exotic cars, established businesses through my empowerment scheme and programme. I have given scholarships to thousands of school children up to university level. I have built churches, empowered market women and men. I think I don’t need to sing my praises. Let God just take the glory. Simple.

QUESTION: What is the future of your business considering the fact that you seem not to have required documents to operate the type of business you engage in Nigeria?

GORA: (Laugh….). it depends on what you mean by “required documents”. As far as I am concern, I have registered all my companies like the Time Microfinance Bank, the Cashflow ABI Network Limited, the Gadon Kaya BDC, Goras Commanding Ltd, the Cashflow Foundation, the Ibrahim Gora LLC etc, through the CAC. The Global Funds Inc, and Christian Fire and Power Ministry Inc are registered in the USA. I also have a Central Bank of Nigeria Licence to operate a bank in Nigeria, So I don’t know what you mean by lack of required documents. The only document I am yet to get is from the Security and Exchange Commission as Funds Portfolio Manager and Administrator. I have applied for this documents and it is yet to be issued to me. This is what the EFCC is banking on to drag me up and down and labeling me a fraudster.
Also the EFCC are thinking that I am running a Ponzi scheme and that is the seed they are sowing to the public and tarnishing my name.
However, I don’t completely blame the EFCC because related business like the MMM and other Ponzi schemes have ruined many Nigerians. But it is not fair for them to just classify my business as a Ponzi scheme thereby thwarting my trading activities. They should care to understand my business secret instead of just labeling me a fraudster.

QUESTION: Some of your staff are aggrieved that you don’t care about their welfare and especially salary, how do you react to that?

GORA: Apart from the staff that are working in my bank, the Time Microfinance Bank Ltd, I don’t have direct staff. Those people that claimed to be staff are just ad hoc staff which I temporarily engaged when I had one programme or the other to accomplish. Most of my main staff and even the ad hoc ad hoc ones will tell you I don’t play with staff welfare. Most times I go beyond what I negotiate with them to even take care of their personal needs. Also all my ad hoc staff work on commission of which they have been duly remunerated. It will be unfair to my person and my generosity for some people, who claimed to be my staff, to go on the media as part of the grand design to destroy me and my integrity. However, as a human being I cannot satisfy everyone to their expectation. I doubt if any man can do that except God.

QUESTION: It will appear that you always do your business in the church. Why?

GORA: Before the closure of my accounts, I operated in 13 states including the FCT with physical structures and addresses. When the EFCC froze our accounts, we could not meet the commitments with our clients who later stormed our offices and assaulted the staff, that is how we temporary operate from churches who wish to partner with us to use their environment for the time being. Before we approach a church for partnership, we always give the pastor atleast a week to pray and seek the face of God concerning this business before accepting us, and so far, no church as denied us their platform.

QUESTION: Some people are of the opinion that you always use the Bible as a tool for deception, making Christians fall to your antics. How true is this allegation?

GORA: Yes. the Bible is major tool God has given to me to confirm his purpose in my life. I cannot use any other book except the Bible. As a financial prophet I always make reference to the Bible. My faith is in the word of God.
On the issue of deceit, it depends on what you guys termed deceit. I never intend to deceive anybody. I only like to quote my Bible in anything I do because the Word of God is my food and I cherish this food. The Bible is my secret of life, so I don’t care your opinion about my relationship with God. I think it personal to me.

QUESTION: How do you react to some of your trusted staff going to Berekete Human Right Radio to expose you to the world of your alleged fraudulent and unethical practices observed as you carry out your so-called business?

GORA: There must be somebody that will take you to the palace, without the brothers of Joseph he could not have found himself in Egypt. There are not direct staff but my ad hoc staff. I forgive all of them. In life you need people like Judas to deny you, I know they are the judases in my life. And their work is to announce me to the presidency. So they have accomplished their job in the scheme of things. How I wish their announcement will even make the presidency to reply several letters I have written to them(Presidency) which they have not responded to even one.
On the flip side, the security agencies should invite the ad hoc staff that went to Berekete Human Right Radio to show proof of how they spent 1 Billion Naira or 200 Million Naira they claimed passed through their accounts. In other words, I am waiting for the security agencies to act because these staff are just telling us that they are as fraudulent as myself. If I am a fraudster, they are birds of the same feathers. They should be charge to court. They are my accomplice. The police or the EFCC should arrest all of them.

QUESTION: How do you rate the conduct of the EFCC so far on this issue as you have become a regular visitor to the agency?

GORA: I would say that they agency has passion for its job but it needs more political will to pursue their mandate without fear or favour.

QUESTION: How do you rate the economy in the President Buhari’s administration?

GORA: The masses are suffering coupled with incessant killing across the country. Many people are living below poverty level. The president needs professionals to help him fix the economy. I am ready to offer free of charge consultancy if given opportunity. That is it for now I rate the presidency below average regarding economic growth.

QUESTION: What is your advice to the current administration?

GORA: He should use the Eagle style. The president should sack under performing minsters and appoint new professionals. For security, he should replace the security chiefs.

OPEN LETTER TO THE PEOPLE’S COURT
THE TRUTH OF THE MATTER
THE CONSPIRACY BETWEEN ECONOMIC FINANCIAL CRIMES COMMISSION (EFCC) AND DIAMOND BANK ON THE COURT JUDGEMENT OBTAINED BY CASHFLOW ON A CASE INSTITUTED AGAINST THE EFCC/THE NIGERIAN POLICE
Let me use this medium to express my utmost grievance and disappointment with EFCC and the Nigerian Police in dishonouring the court judgment of the Federal High Court on the suit (suit N0: FHC/ABJ/CS/7/2013) filled by Cashflowabi Network Ltd and its chairman, Philemon Gora against EFCC and the Nigerian Police.
By law, Cashflowabi Network Ltd has been registered since 2011 with the CAC( RC No: 948124) having its headquartres in No: 21 Apollo Crescent, Jos, Plateau state with physical branch offices in kaduna, Lafia, Owerri, Enugu, Lagos , Ibadan, Abakiliki, Gombe, kano, Uyo, sokoto, Ilorin, Ibadan, Oshogbo, Kaura Namoda, Abuja, Kafanchan and kebbi.
We could recall that Security and Exchange Commission (SEC) had filled a petition to the Inspector General of Police (IG-P) and the Economic Financial and Crimes Commission (EFCC) to investigate the business activities of Cashflowabi Network Ltd. and its Chairman Philemon Gora for allegedly running an illegal financial institution. At the time of branding the business activities of Cashflowabi as illegal, it had already applied to Security and Exchange Commission (SEC) as funds portfolio manager and investment adviser but yet to receive an official final licence which took sometimes due to government bureaucratic process
With this notice, the EFCC swung into action and directed all corporate bank accounts of Cashflowabi Network Ltd and personal bank accounts of its Chairman , Philemn Gora to be frozen with the all the depositors /investors funds trapped.
Cashflowabi and its Chairman, Philemon Gora then instituted a case in court in suit N0: FHC/ABJ/CS/7/2013 against EFCC and the IG-Police.
A judgement was made in the above suit mandating the applicants (Cashflowabi Network Ltd and Philemon Gora) and the defendants (the EFCC and the IG-P) to setup a committee with the purpose of unfreezing the accounts of the applicants and refunds of deposits to clients/investors of Cashflowabi Network Limited. The court based its judgement on the overriding interest of the public and not less than 60,000 poor investors who are mainly peasants investing their life serving in the scheme. The court also understood the social and security breaches that may ensue should such investors loose their investments.
The executive Directors confirmed that there is enough money in the frozen banks accounts to pay the clients of Cashflowabi Network Ltd.
All efforts of the Board of Directors of Cashflowabi to liaise with EFCC to implement the court judgment in order to ease the suffering of the poor investors of this company prove abortive and fell on deaf ears of the EFCC for the past four years.
Recently, the Economic and Financial Crimes Commission, EFCC on July 11 2016, convicted Pastor Emmanuel Markus Anga and Atin Victor Generous before Justice Abubakar Jauro of Gombe State High Court for five hundred thousand naira (N500, 000.00) that was invested in Cashflowabi Ltd. This is part of collateral damage done to staff by aggrieved investors. Other staff of Cashflowabi network Ltd. are suffering intimidation, physical abuse and threat to life by aggrieved investors of the scheme. The continuous action of the EFCC by not implementing the court order may generate into security issues of unimaginable scale.
Let us be reminded that a Federal High Court had also on 1st March 2013 given a restraining order to SEC, EFCC and ICPC not to molest or intimidate Philemon Gora and his software company from carrying out their legitimate business. That order has not been vacated till date.
It is pertinent for us to know that Philemon Gora is an online trader, a financial analyst and expert in financial technology. He is a shareholder in Bitcoin, a digital asset and a payment system globally recognized as an online platform for financial transaction exchange.
The public should also be aware that there were fraudulent and illegal withdrawal of monies in bank accounts of Cashflowabi Network Limited and personal account of Philemon Gora after EFCC had frozen the accounts. How can monies be withdrawn in accounts that are supposedly frozen by EFCC? I believe these fraudulent activities were carried out in connivance between staff of Diamond Bank and EFCC staff. I will demand an enquiry into these frauds through bank statement from these accounts to ascertain individual behinds these frauds.
For the Diamond Bank not honouring my cheques in the name of garnishee order, I want to state here categorically that at no time was I ever summoned on cases of garnishee order. The conspiracy of blocking the monies of peasant investors is devilish. If the bank should block these monies, how will the so-called garnishee order benefit thousands of investors who are waiting to receive their investments? I demand the so-called garnishee order be made public.
This same case has been complained to the CBN, who, as a regulatory body advised us through a letter (Ref: CPD/CMD/CON/DBP/O1/123) that Cashoflowabi should liaise with Diamond Bank to resolve this issue. All our efforts to resolve this issue has been in vain
The issue here is that the EFCC should grant access to Cashflowabi accounts so that the poor investors will be settled. I can confidently say that more than 600,000 Nigerians who directly or indirectly depend on these investors will have their hope restored if government agencies will see reasons and comply with the court order so that investors of Cashflowabi will be paid.
I will continue to do my best in growing the economy.
Attached are copies of court judgement and other documents for your perusal

Yours Faithfully
Engr. Dr. Philemon Gora

OPEN LETTER TO THE PEOPLE’S COURT
THE TRUTH OF THE MATTER
THE CONSPIRACY BETWEEN ECONOMIC FINANCIAL CRIMES COMMISSION (EFCC) AND DIAMOND BANK ON THE COURT JUDGEMENT OBTAINED BY CASHFLOW ON A CASE INSTITUTED AGAINST THE EFCC/THE NIGERIAN POLICE
Let me use this medium to express my utmost grievance and disappointment with EFCC and the Nigerian Police in dishonouring the court judgment of the Federal High Court on the suit (suit N0: FHC/ABJ/CS/7/2013) filled by Cashflowabi Network Ltd and its chairman, Philemon Gora against EFCC and the Nigerian Police.
By law, Cashflowabi Network Ltd has been registered since 2011 with the CAC( RC No: 948124) having its headquartres in No: 21 Apollo Crescent, Jos, Plateau state with physical branch offices in kaduna, Lafia, Owerri, Enugu, Lagos , Ibadan, Abakiliki, Gombe, kano, Uyo, sokoto, Ilorin, Ibadan, Oshogbo, Kaura Namoda, Abuja, Kafanchan and kebbi.
We could recall that Security and Exchange Commission (SEC) had filled a petition to the Inspector General of Police (IG-P) and the Economic Financial and Crimes Commission (EFCC) to investigate the business activities of Cashflowabi Network Ltd. and its Chairman Philemon Gora for allegedly running an illegal financial institution. At the time of branding the business activities of Cashflowabi as illegal, it had already applied to Security and Exchange Commission (SEC) as funds portfolio manager and investment adviser but yet to receive an official final licence which took sometimes due to government bureaucratic process
With this notice, the EFCC swung into action and directed all corporate bank accounts of Cashflowabi Network Ltd and personal bank accounts of its Chairman , Philemn Gora to be frozen with the all the depositors /investors funds trapped.
Cashflowabi and its Chairman, Philemon Gora then instituted a case in court in suit N0: FHC/ABJ/CS/7/2013 against EFCC and the IG-Police.
A judgement was made in the above suit mandating the applicants (Cashflowabi Network Ltd and Philemon Gora) and the defendants (the EFCC and the IG-P) to setup a committee with the purpose of unfreezing the accounts of the applicants and refunds of deposits to clients/investors of Cashflowabi Network Limited. The court based its judgement on the overriding interest of the public and not less than 60,000 poor investors who are mainly peasants investing their life serving in the scheme. The court also understood the social and security breaches that may ensue should such investors loose their investments.
The executive Directors confirmed that there is enough money in the frozen banks accounts to pay the clients of Cashflowabi Network Ltd.
All efforts of the Board of Directors of Cashflowabi to liaise with EFCC to implement the court judgment in order to ease the suffering of the poor investors of this company prove abortive and fell on deaf ears of the EFCC for the past four years.
Recently, the Economic and Financial Crimes Commission, EFCC on July 11 2016, convicted Pastor Emmanuel Markus Anga and Atin Victor Generous before Justice Abubakar Jauro of Gombe State High Court for five hundred thousand naira (N500, 000.00) that was invested in Cashflowabi Ltd. This is part of collateral damage done to staff by aggrieved investors. Other staff of Cashflowabi network Ltd. are suffering intimidation, physical abuse and threat to life by aggrieved investors of the scheme. The continuous action of the EFCC by not implementing the court order may generate into security issues of unimaginable scale.
Let us be reminded that a Federal High Court had also on 1st March 2013 given a restraining order to SEC, EFCC and ICPC not to molest or intimidate Philemon Gora and his software company from carrying out their legitimate business. That order has not been vacated till date.
It is pertinent for us to know that Philemon Gora is an online trader, a financial analyst and expert in financial technology. He is a shareholder in Bitcoin, a digital asset and a payment system globally recognized as an online platform for financial transaction exchange.
The public should also be aware that there were fraudulent and illegal withdrawal of monies in bank accounts of Cashflowabi Network Limited and personal account of Philemon Gora after EFCC had frozen the accounts. How can monies be withdrawn in accounts that are supposedly frozen by EFCC? I believe these fraudulent activities were carried out in connivance between staff of Diamond Bank and EFCC staff. I will demand an enquiry into these frauds through bank statement from these accounts to ascertain individual behinds these frauds.
For the Diamond Bank not honouring my cheques in the name of garnishee order, I want to state here categorically that at no time was I ever summoned on cases of garnishee order. The conspiracy of blocking the monies of peasant investors is devilish. If the bank should block these monies, how will the so-called garnishee order benefit thousands of investors who are waiting to receive their investments? I demand the so-called garnishee order be made public.
This same case has been complained to the CBN, who, as a regulatory body advised us through a letter (Ref: CPD/CMD/CON/DBP/O1/123) that Cashoflowabi should liaise with Diamond Bank to resolve this issue. All our efforts to resolve this issue has been in vain
The issue here is that the EFCC should grant access to Cashflowabi accounts so that the poor investors will be settled. I can confidently say that more than 600,000 Nigerians who directly or indirectly depend on these investors will have their hope restored if government agencies will see reasons and comply with the court order so that investors of Cashflowabi will be paid.
I will continue to do my best in growing the economy.
Attached are copies of court judgement and other documents for your perusal

Yours Faithfully
Engr. Dr. Philemon Gora
Chairman CASHFLOW ABI Nig Ltd.

OPEN LETTER TO THE PEOPLE'S COURT


THE TRUTH OF THE MATTER

THE CONSPIRACY BETWEEN ECONOMIC FINANCIAL CRIMES COMMISSION (EFCC) AND BANKS ON THE COURT JUDGEMENT OBTAINED BY CASH FLOW ON A CASE INSTITUTED AGAINST THE EFCC/THE NIGERIAN POLICE .

Let me use this medium to express my utmost grievance and disappointment with EFCC and the Nigerian Police in dishonouring the court judgment of the Federal High Court on the case filled by Cash Flow ABI Network Ltd and its chairman, Philemon Gora against EFCC and the Nigerian Police.

By law, Cashflow Abi network Ltd was registered since 2011 with CAC and having its headquarters in No: 21 Apollo Crescent, Jos, Plateau state with physical branch offices in kaduna, Lafia, Owerri, Enugu, Lagos , Ibadan, Abakiliki, Gombe, kano, Uyo, Sokoto, Ilorin, Ibadan and kebbi. The same company had applied to Security and Exchange Commission (SEC) as funds portfolio manager and investment adviser but yet to receive approval for the process is ongoing .

We could recall that sometimes ago the Security and Exchange Commission (SEC) had filled a petition to the Inspector General of Police (IG-P) and the Economic Financial and Crimes Commission (EFCC) to investigate the business activities of Cashflow ABI Network Ltd. and its Chairman Philemon Gora for allegedly running an illegal financial institution.

EFCC directed all corporate bank accounts of Cashflow Abi Ltd and that of its Chairman to be frozen with all depositors /investors funds trapped.
Cashflow and its Chairman, Philemon Gora then instituted a case in court in suit N0: FHC/ABJ/CS/7/2013 against EFCC and the IG-Police.
A judgement was made in the above suit mandating the applicants (Cash Flow ABI Network Ltd and Philemon Gora) and the defendants (the EFCC and the IG-P) to setup a committee with the purpose of unfreezing the accounts of the applicants and refunds of deposits to clients/investors of Cash Flow Abi Network Limited.

The court based its judgement on the overriding interest of the public and the poor investors who were mainly peasants investing their life serving in the scheme. The court also understood the social and security breaches that may ensue should such investors loose their investments/Money.

The executive Directors confirmed that there is enough money in the frozen banks accounts to pay the clients of Cash Flow ABI Network Ltd,however efforts of the Board of Directors of Cashflow to liaise with EFCC to implement the court judgment in order to ease the suffering of the poor investors of this company prove abortive and fell on the deaf ears of the EFCC for the past four years.

EVENTS ON THE BURNER:


Recently, the Economic and Financial Crimes Commission, EFCC on July 11 2016, convicted Pastor Emmanuel Markus Anga and Atin Victor Generous before Justice Abubakar Jauro of Gombe State High Court for five hundred thousand naira (N500, 000.00) that was invested in Cashflow Abi Ltd. This is part of collateral damage done to staff by aggrieved investors. Other staff of Cashflow Abi network Ltd. are suffering intimidation, physical abuse and threat to life by aggrieved investors of the scheme. The continuous action of the EFCC by not implementing the court order may generate into security issues of unimaginable scale.

Let us be reminded that a Federal High Court had also on 1st March 2013 given a restraining order to SEC, EFCC and ICPC not to molest or intimidate Philemon Gora and his software company from carrying out their legitimate business. That order has not been vacated till date.

It is pertinent for us to know that Philemon Gora is an online trader, a financial analyst and expert in financial technology. He is a shareholder in BITQUENCE, a globally accepted online platform for financial transaction exchange.
The public should also be aware that there were fraudulent and illegal withdrawal of monies in bank accounts of Cash Flow ABI Limited and personal account of Philemon Gora after EFCC had frozen the accounts.

How can monies be withdrawn in accounts that are supposedly frozen by EFCC? I believe these fraudulent activities were carried out in connivance between staff of the bank and relevant government security agencies. I therefore seek the attention of the Press,The public courts ,Human and Civil rights advocates to please help us investigate and make enquiry into these activities through bank statements from these accounts to ascertain individuals behinds these frauds.

Another issue is the summoned on cases of garnishee order. The conspiracy of blocking the monies of peasant investors is barbaric ,devilish and inhuman .If the bank should block these monies, how will the so-called garnishee order benefit thousands of investors who are waiting to receive their investments? I demand the so-called garnishee order be made public.

The Presidency under which all Federal agencies are supervise including the EFCC should ensure that she grant access to Cashflow accounts so that poor investors will be settled. I can confidently say that more than 600,000 Nigerians who directly or indirectly depend on the investors will have their hope restored if government agencies will comply with the court order so that investors of Cash Flow will be paid.

I will continue to do my best in growing the economy. Attached are copies of court judgement for your conviction.

Engr.Dr Philemon Gora
Chairman CASHFLOW ABI Nig Ltd.