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

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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.”

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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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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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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