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Fayose: Obanikoro’s Return Planned to Nail Me

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Ekiti State Governor Ayo Fayose.
  • Obanikoro’s Return Planned to Nail Me

The testimony of former Minister of State (Defence) Musiliu Obanikoro in the custody of the Economic and Financial Crimes Commission (EFCC) appears to be rattling Ekiti State Governor Ayo Fayose.

Obanikoro claimed that he gave Fayose N2.3 billion, which came from the former National Security Adviser (NSA), Col. Sambo Dasuki (retd.) in the run-up to the June 21, 2014 governorship election in Ekiti State.

Apparently troubled by Obanikoro’s evidence, Fayose, in a statement made available to reporters yesterday, alleged that the ex-minister’s return from the United States was “arranged and compromised” in a bid to nail him (Fayose).

The governor also described Obanikoro’s surrender to the EFCC as part of “Fayose-Must-Be-Implicated-At-All-Cost” project, urging the All Progressives Congress (APC)-led Federal Government to channel its energy towards providing food for hungry Nigerians.

Dismissing the claim that Obanikoro had confessed to the EFCC on the receipt of funds from Dasuki to sponsor his 2014 governorship campaign, Fayose said he was only reacting just to fulfil all righteousness because Nigerians are more interested in having food on their tables.

He claimed that the APC and the EFCC were conducting a media trial, urging them to halt all salvos being fired at him and wait for him to present his defence.

He said: “We have gone beyond this stage of media trial. EFCC should rather keep its gun powder dry. When we get to the bridge, we will cross it. They said more than this in the 2006 poultry scam blackmail. Despite that, I am the governor today.”

Fayose added: “Those who arranged the dramatic and compromised return of Senator Obanikoro to Nigeria obviously did so in continuation of their project ‘Fayose must be implicated at all cost’ but I am not bothered because my election was legitimately funded.

“However, if this is why they are intimidating judges and the judiciary, it won’t work as far as my own matter is concerned as no one can play God.

“As far as I am concerned, I am busy here in Ekiti attending to the welfare and well-being of my people. I won’t be distracted.”

Fayose challenged the EFCC to also investigate the funding of APC elections, expressing outrage that “financial assistance from Nigerians is now criminalised”.

He said: “Since we are now in the era in which financial assistance from Nigerians to fund elections is being criminalised, the international community, especially those funding EFCC, must insist that the commission probes the funding of APC elections before further funds are released to the commission.

Also yesterday, Fayose dispelled the rumour that he had shut down the Ado-Ekiti branch of Access Bank Plc following last Monday’s attempt by agents of the EFCC to arrest Mrs Precious Chikwendu Fani-Kayode, the wife of former Minister of Aviation Femi Fani-Kayode, in the bank premises.

In a statement in Ado-Ekiti by his Chief Press Secretary, Idowu Adelusi, Fayose said it had nothing against the bank and there was no reason whatsoever to shut down the financial institution.

He said: “The attention of the state government has been drawn to rumours making the round, especially on social media, that Ekiti State Government has shut downý a branch of Access Bank in Ado-Ekiti, the state capital.

“This is definitely coming from the warped minds of opposition elements, whose mouths have been locked by the sterling performance of Fayose and the unprecedented support he is enjoying from the people of the state.

“For the sake of clarity, Ekiti State Government has no axe to grind with the management of Access Bank. Also, the state government does not license banks and can’t withdraw same.

“We enjoin the good people of Ekiti State and Nigerians in general to disregard such unfounded rumours.

“They should not let themselves be dragged to the level of the unintelligent like the opposition people have shown by embarking on this type of insinuation they probably brought from the pit of hell.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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