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EFCC After me Over Saraki, Magu’s Rejection – Nwaoboshi



Achike Udenwa
  • EFCC After me Over Saraki, Magu’s Rejection

A member of the Senate representing Delta-North Senatorial District, Peter Nwaoboshi, on Friday, alleged that the Economic and Financial Crimes Commission is after him over his loyalty to President of the Senate, Bukola Saraki.

He alleged that the EFCC was also after him and other senators due to their opposition to the confirmation of the Acting Chairman of EFCC, Mr. Ibrahim Magu, by the Senate.

The lawmaker denied the allegation that his Bank Verification Number had been linked with 20 different company and personal bank accounts, urging the EFCC to contact the firms.

It was reported on Friday that based on a petition from an undisclosed author in Delta State, the EFCC was investigating Nwaoboshi’s alleged complicity in the non-execution of N4bn contracts awarded by the government of Delta State.

The EFCC was reported to also be investigating how the lawmaker operates 20 accounts in six banks with different signatories.

He was alleged to have used a company to buy a 12-storey building in Apapa, Lagos, which belonged to the Delta State Government, for N805m.

Nwaobosho was also accused of not declaring all the companies and bank accounts belonging to him to the Code of Conduct Bureau.

Speaking with journalists in Abuja on Friday, Nwaoboshi denied the allegations.

He said, “They said I have 20 bank accounts and that my BVN number is linked to the 20 accounts but my brother is the signatory to those accounts. If you have a BVN, can it be different from the signature to an account?

“Again, if it is true, what disqualifies my brother from owning 50 bank accounts for his businesses if he decides to own different accounts for his companies? What disqualifies his company from owning an account in different banks? Is there is any law that says a company should have only one bank account?

“These are just meant to malign, discredit and stop me from talking. I learnt they are planning to arrest and detain me. I am the wrong person because it will not stop me from talking and doing the work my people sent me here to do. Great men have gone into detention – those bigger than me.”

He further said it was the duty of the CCB to verify the information provided in his assets declaration form. He stated that it was not a case to be handled by the EFCC.

The Senate had rejected Magu’s nomination by President Muhammadu Buhari based on a damning report by the Department of State Services.

Nwaoboshi said, “If the power of confirmation resides here and that power of confirmation and rejection has been exercised, the appointing authority should do what is needful. That was what I said and that was what I was supposed to say. If the Senate of the Federal Republic of Nigeria, of which I am a member, takes a decision on a matter, it is binding on the members.

“I am a senator of the Federal Republic of Nigeria. Senate is an institution I must protect. I was not born a senator. I am a teacher, lawyer, businessman before becoming a senator. I have come and I will go but the institution of the Senate must be defended.”

When asked if he felt his investigation by the EFCC was due to his loyalty to Saraki, he replied, “Yes, we are paying for the alleged sins of our principal.”

The lawmaker stated that he was not in the Delta State Government during the period under which EFCC acts under investigation were committed.

He said, “EFCC can go ahead to contact the companies. I have nothing to hide and we have nothing to hide in the companies. We do business and we stand by the business because we have a name. We have nothing at all as a company to hide in this matter. Although, I am no longer a director in the company.

“For me, I don’t have a problem; they will go to court and we will go to court. All they want is what I’m telling you; they cannot stop me from saying what I believe in. What I believe in, I will say it.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Zabarmari Massacre: Buhari to Provide More Resources for the Nigerian Military



President Muhammadu Buhari

President Muhammadu Buhari has promised to provide more resources to the military in the aftermath of the Zabarmari massacre.

On Saturday, Boko Haram killed 43 people with around 70 people still missing in Zabarmari, a village in Borno State.

Reacting to the massacre, Buhari, through his official Twitter handle @MBuhari said “Nothing is more important than ensuring the security of lives and property of Nigerians. Everything is secondary when security is at stake. I will ensure that more resources are made available to the military and other security agencies to prosecute the war against terrorism.

“As we mourn all the lives lost in Zabarmari, the Armed Forces have been given the marching order to take the fight to the insurgents, not on a one-off, but on a continuous basis, until we root out the terrorists.

“We will intensify our cooperation with neighbouring countries on bilateral and multilateral levels, to ensure that there is no hiding place for the terrorists.

“As I noted earlier, the massacre by Boko Haram in Zabarmari is nothing short of senseless, barbaric, gruesome and cowardly. It reinforces our resolve to root out all forms of insurgency and insecurity not just in Borno but everywhere across Nigeria.”

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Boko Haram Kills Rice Farmers in Borno State, Northeast Nigeria



Rice farmers were killed on Saturday morning in the Northeast Nigeria by suspected Islamist militants, Boko Haram, according to a Reuters Report.

The report also noted that 30 of the people killed were beheaded while over a dozen others were still missing.

However, resident of the Zambarmari Village where the attacks took place said a total of 70 people were feared dead.

Another resident and Amnesty International were quoted as saying at least 10 women were among those missing.

In another statement by Edward Kallon, the United Nations’ humanitarian coordinator in Nigeria, it was armed men on motorcycles that led the brutal attack on civilians harvesting their fields.

Armed men on motorcycles led a brutal attack on civilian men and women who were harvesting their fields,” Edward Kallon stated.

“At least 110 civilians were ruthlessly killed and many others were wounded in this attack,” he added, noting that several women are believed to have been kidnapped.

“The incident is the most violent direct attack against innocent civilians this year. I call for the perpetrators of this heinous and senseless act to be brought to justice,” Kallon said.

On Sunday, Governor Babaganan Umara Zulum of Borno State, who was at the burial told journalists that at least 70 farmers were killed on Saturday.

The Governor, therefore, called on the Federal Government to recruit more Civilian Joint Task Force members, Soldiers and civil defence fighters to protect farmers in the region.

He added that people are facing desperate choices.

In one side, they stay at home they may be killed by hunger and starvation, on the other, they go out to their farmlands and risk getting killed by the insurgents,” he said.

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In The Fight Against Corruption, No Individual is Bigger Than The State – Buhari



Muhammadu Buhari

In response to the suspended acting EFCC Chairman, Ibrahim Magu, President Muhammed Buhari, lamented that the anti-corruption war becomes endangered “when persons entrusted with the responsibility of that magnitude become suspects themselves.”

Buhari, whose vision is to put an end to corruption in Nigeria, believed that every aspect of the nation’s life is enshrined in corruption and it’s of major concern when leaders of institutions saddled with the mandate to fight the menace are found in the waves of the corruption they claimed to be fighting.

This act is a great abomination not only because it strikes at the root but it also trivialises and undermines the anti-corruption crusade itself, the President explained.

He further said that in a bid to put an end to this great abomination, he had set up Ayo Salami Panel to unravel the mystery behind the mystique of Magu’s alleged involvement in corruption that his administration is fighting.

Buhari said that his administration is ready and willing to go all out in the fight against corruption, and no one is too big nor above the law to become a victim of anti-graft’s sledgehammer.

The president said, “However, the stark reality of widespread corruption becomes poignant when allegations of corruption touch on the leadership of an institution set up by law to coordinate and enforce all economic and financial crimes.

“It is an abomination that strikes at the root and undermines the government’s anti-corruption programme.

“It was in response to the serious allegations against the Economic and Financial Crimes Commission that I set up a panel headed by the Honourable Justice Isa Ayo Salami, retired President of the Court of Appeal, via an Instrument dated 3rd July 2020 pursuant to the Tribunals of Inquiry Act (Cap T21, LFN, 2004).

“We recognise that there are more grounds to cover in the war against corruption, and we are prepared to go out to possess those lands by cutting off any stream that nourishes the seed of corruption and supports its growth.

“Let it be known that in the fight against corruption, no one is too big to tackle, as no individual is bigger than the Nigerian State!”

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