Connect with us

Government

Delta Paid Ibori N250m in UK Prison — Investigation

Published

on

james-ibori
  • Delta Paid Ibori N250m in UK Prison

The Delta State Government paid former Governor James Ibori N250m while he was in jail in the United Kingdom between 2012 and 2016,an investigation has revealed.

It will be recalled that Ibori was convicted on February 27 2012, after pleading guilty to 10 counts of money laundering and conspiracy to defraud at a Southwark Crown Court, London.

It was learnt that Ibori, who was accused of stealing over £250m, was entitled to life pension being a former governor of the oil-rich state.

The ex-governor, who served between 1999 and 2007, was able to sign into law the Delta State Governor and Deputy Governor Pension Rights and Other Benefits Law 2005 which was later amended in 2009.

The law makes provision for an ex-governor to be paid N50m per year among other perks.

Defending the payment of the money to Ibori in 2012, the then Commissioner for Information, Mr. Chike Ohgeah, said Ibori would continue to be paid N50m until a court nullified his tenure in office.

Ogeah said this in reaction to an affidavit deposed to by the Economic and Financial Crimes Commission which accused the state government of enriching the ex-governor.

He said, “The truth is that like every other elected governor who had served the state, Ibori was paid his pension entitlement and other benefits alongside his deputy under existing law. The law is the Delta State Governor and Deputy Governor Pension Rights and Other Benefits Law 2005 and the Delta State Governor and Deputy Governor Pension Rights and Other Benefits (Amendment) Law 2009.”

Calculations by one of our correspondents showed that for the five years Ibori spent in the UK prison, he was paid N250m by the state government.

Delta State is one of the states in the country currently struggling to pay salaries and which received bailout fund from the Federal Government.

According to a report on the bailout funds monitoring of states conducted by the Independent Corrupt Practices and Other Related Offences Commission, in February 2016, Delta State had N36, 417,217, 601.53 as total debt value accrued from staff salaries and emoluments. The state was granted N10, 936, 799, 299 as bailout fund from the Federal Government.

Speaking with one of our correspondents on Saturday, human rights lawyer, Mr. Femi Falana (SAN), said the matter was a structural problem and it would be unfair to single out Ibori.

Falana explained that several states including those who could not pay salaries, were paying pensions to ex-governors who had also looted their state treasuries.

He said, “The matter goes beyond Ibori because he is not the only ex-governor collecting the pension. The law in Delta State does not say an ex-governor should stop receiving pay if he is convicted.

“The matter shows the failure of the Nigerian system. I am not defending Ibori but I don’t think he should be singled out. Pension for ex-governors should be scrapped completely.”

Meanwhile, the Delta State Government on Saturday said it was legal for it to honour the laws of the state by paying severance packages and other entitlements ascribed to former governors and deputies including Ibori.

The state government said it would be flouting the law if it decided not to pay the former governor.

Speaking through his Chief Press Secretary, Mr. Charles Aniagwu, Governor Ifeanyi Okowa said on Saturday that if the state government was owing Ibori his severance package, the government would clear the backlogs as clearly stipulated by law.

“If Ibori is entitled to pension by law, we will not take it away from him because that will be breaching the law . Even if he is owed, it is sure that he deserves the entitlements.’’

He also added that Ibori contributed meaningfully to the infrastructural development of the state and laid the foundation upon which successive governments were building on.

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.

Continue Reading
Comments

Government

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

Published

on

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.

Continue Reading

Government

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

Published

on

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.

Continue Reading

Government

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

Published

on

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.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending