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EFCC Grills Fayose, Asks ex-gov to Return N1.3bn

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  • EFCC Grills Fayose, Asks ex-gov to Return N1.3bn

The immediate past Governor of Ekiti State, Ayodele Fayose, finally honoured an invitation by the Economic and Financial Crimes Commission on Tuesday after losing his immunity from prosecution and arrest.

After leading Fayose to the interrogation room, it was learnt that he was asked to write a statement explaining how he spent N1.3bn he allegedly received from the Office of the National Security Adviser through a former Minister of State for Defence, Senator Musiliu Obanikoro, during the build-up to the 2014 governorship election in Ekiti State.

The commission also asked him to return the money.

A source at the EFCC, however, told our correspondent that the former governor refused to admit to collecting the money.

He said, “We have treated Fayose with respect since he arrived in our office. We asked him about the money he received from Obanikoro and when he would return it but he is denying everything.

“He said in his statement on oath that he never received any money despite the overwhelming evidence. The man is refusing to cooperate despite the overwhelming evidence we have.”

It was learnt that as of 7 pm on Tuesday, the former governor was still writing his statement.

The funds allegedly traced to Fayose were said to be part of the N4.7bn allegedly handed to Obanikoro by the then National Security Adviser, Col. Sambo Dasuki (retd.)

While about N1.3bn was given to Fayose, another N1.3bn was also handed over to the governorship candidate of the Peoples Democratic Party in Osun State in 2014, Senator Iyiola Omisore.

The funds were said to have been transported from Lagos to Ekiti State by air.

Since the investigation began in 2015, the EFCC has interrogated over 20 persons.

Apart from Obanikoro and Omisore, others interrogated by the EFCC include Captain Ahmed Borodo, the pilot whose plane was allegedly chartered by Obanikoro; Aide-de-Camp to Obanikoro, Lt. Olumide Adewale; and Fayose’s aide, Abiodun Agbele (who is standing trial for allegedly receiving the funds on behalf of Fayose).

Others interrogated include bureau de change operators and senior bank executives.

“Despite the statements made by all these people indicating that Fayose received money, the man is still denying the allegations,” an EFCC detective said.

However, Fayose’s lawyer, Chief Mike Ozekhome (SAN), said Fayose would not compromise himself in the name of administrative bail.

Ozekhome said Fayose’s accounts had already been frozen by the commission and was already in court over the matter.

On whether Fayose would return the money as demanded by the EFCC, Ozekhome said, “Which money are they saying he should return? Has he said any money is with him? They won’t dare tell him to return the money.

“Fayose is not like other Nigerians that the EFCC will bamboozle and force and blackmail to make refunds. Why tell a man to refund the money he has not admitted to receiving when the matter is in court?

“If they offer him an administrative bail with no strings attached, which is not a Greek gift, then he should take it.”

Earlier in the day, before entering the EFCC premises, Fayose and scores of his supporters had created a scene at the entrance of the commission.

Fayose, who wore a blue shirt with the inscription, ‘EFCC, I am here’, and a blue pair of trousers with a blue face-cap to match, arrived at the Tunde Idiagbon House, Wuse 2, which is the former headquarters of the EFCC, around 1 pm.

The former governor, who clutched a backpack and a small duffel bag, was accompanied by Governor Nyesom Wike of Rivers State; a former Minister of Aviation, Chief Femi Fani-Kayode; his lawyer, Chief Mike Ozekhome (SAN), and several of his aides and supporters.

Addressing reporters before making his way into the EFCC, Fayose said, “I am here in line with my promise that I will be here on the October 16.

“And, as I said to the EFCC, they should await my arrival. This morning, they have been to my house; they cordoned off my street, which I feel was unnecessary. It was unwarranted.

“When a man says he is coming, Nigerians should be given benefit of the doubt.

“I had led Ekiti, and the best I could give, I have given. Therefore, every question, whatever they need to ask today, I will be able to respond appropriately.”

Also speaking, Governor Wike said he accompanied Fayose in order to warn the EFCC to respect his rights.

Wike added, “He wrote a letter to the EFCC that he will submit himself on October 16. He is hale and hearty and I believe that EFCC should know he is well. Our fear from the present report that we have is that he may be harmed.

“But, let Nigerians know that he came by himself to the EFCC without anybody harassing him. So, that is why I brought him here today.”

In his remarks, Fani-Kayode said the EFCC should remember that their actions were being monitored by the international community and they should not abuse Fayose’s rights.

Ozekhome asked the EFCC not to keep Fayose for more than 24 hours as failure to release him would be an abuse of his rights.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Knocks, Kudos For Judiciary Over Stoppage of Allocations to Rivers State as Fubara Boasts of Coping Without FG’s Funds

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Siminalayi Fubara

A mixture of condemnation and praises has trailed a judgement of a Federal High Court that stopped the release of state allocations to the Rivers State Government.

Investors King had reported that Justice Joyce Abdulmalik of a Federal High Court in Abuja, on Wednesday, ordered the stoppage of the release of monthly federal allocations to Rivers State.

Justice Abdulmalik predicated her action on the grounds that the state government was in violation of the Constitution as regarding the state expenditures.

According to the judge, the current budget being operated by the state was not passed by a lawful arm of the Rivers State House of Assembly, therefore, Fubara is not entitled to allocations from the government at the centre.

Meanwhile, some stakeholders in the country have knocked the judiciary over the decision, calling on the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun to rein in on judges’ actions over the political crisis ravaging Rivers.

For former Vice President Atiku Abubakar, the judiciary should be cautioned against setting the South-South State on fire.

In a statement by his media adviser, Paul Ibe, the former Vice President, said it was appalling that some elements loyal to the Federal Government were pulling the strings from behind.

Atiku wondered why Justice Joyce Abdulmalik issued the order when it was public knowledge that Rivers State had already challenged the Court of Appeal’s judgement on the legality of Rivers State’s 2024 budget.

He, however, called on Justice Kekere-Ekun to ensure that those found wanting are disciplined in order to restore the fading glory of the nation’s judiciary.

In the same vein, Chief Emeka Kalu, National Coordinator of the Peoples Democratic Party (PDP) Coalition observed that the ongoing crisis plaguing Rivers State must be handled with caution to save it from unnecessarily being flamed in uncontrollable state of lawlessness.

Kalu in the statement said the judiciary is expected to maintain its integrity and protect her independence by working to avoid being politically purchased to harm democratic processes and the ethics of law.

According to him, the recent judgement by the Abuja Federal High Court division directing the RMAFC to stop releasing statutory monthly allocation to the State government was done out of bias and politically motivated plans to disrupt Fubara ‘s administration.

The group affirmed that it remains the height of injustice for a political party under the guise of personal interest to continue raising the dust of anarchy against the will of the people and the judiciary is expected to redeem and revitalize the failed system instead of allowing herself to be used to ruin the polity.

On the contrary, the National Democratic and Change Coalition has hailed the court for the judgment banning further release of allocations to Rivers and called on Governor Fubara to refund all monies spent without appropriation to the state coffers.

The coalition, while expressing satisfaction with the ruling, said the people of Rivers State have been vindicated and the long-awaited justice has been served on the governor.

Reacting via a press release by John Uloko, president of the coalition hailed Justice Joyce Abdulmalik for the judgment, saying that since January 2024, Rivers State had received and spent allocations based on an “illegitimate” budget, thereby describing it as a “constitutional aberration”.

The group, made up of lawyers, agreed with the court that Governor Siminalayi Fubara’s presentation of the 2024 budget before a four-member Rivers House of Assembly was an affront to the constitutional provision.

It added that the ruling is a victory for democracy and will teach rogue governors the bitter lesson that the Constitution of the Federal Republic must be respected and the sanctity of the nation’s democratic institutions upheld irrespective of their political desperation.

Nonetheless, the embattled Governor Fubara, on Wednesday said the restriction placed on the state allocations is “the least” of his problems.

Governor Fubara stated this during a special thanksgiving service organised by the state government to celebrate his administration’s resilience amid escalating political crises, which began with the arson attack on the State House of Assembly complex exactly one year ago.

Governor Fubara assured that despite the court order, his administration would continue payments to contractors and ensure workers’ salaries are disbursed from today (Thursday).

He also confirmed that allocations for the 23 Council Chairmen would be credited, as the Joint Accounts Allocation Committee procedures have been completed.

The governor encouraged his supporters to remain resilient, assuring them that all challenges are surmountable.

Reflecting on his administration’s success, Governor Fubara noted that despite predictions that his government would not last even a week, he has successfully led for over a year.

He said his administration has also conducted local government elections against all odds and maintained a full cabinet despite attempts to undermine his leadership through resignations.

Highlighting his administration’s progress, he mentioned ongoing project executions across the state, countering critics who claimed he would be unable to deliver.

He also cited recent reports that position Rivers State as one of the leaders in financial accountability and transparency.

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Court Bars FG From Giving Monthly Allocation To Rivers Government

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Siminalayi Fubara

The Federal High Court in Abuja has restrained the Federal Government of Nigeria from giving monthly constitutional allocation to Rivers State Government.

Specifically, the court presided over by Justice Joyce Abdulmalik stopped the Central Bank of Nigeria (CBN), the Accountant General of the Federation, Zenith Bank and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.

Justice Abdulmalik stated while delivering the order on Wednesday that further release of monthly financial allocations to the Rivers State government is unconstitutional and an aberration.

The court maintained that the previous collection and disbursement of monthly allocations since January this year by Governor Siminalayi Fubara is a constitutional somersault and aberration that must not be allowed to continue.

The judge anchored his decision on the manner in which Governor Fubara presented the 2024 budget, stressing that the presentation of the fiscal document before a 4-member Rivers House of Assembly was an affront to the Constitutional provision.

He said that Fubara action in implementing unlawful budget smacked gross violations of the 1999 Constitution he swore to protect.

Abdulmalik then stopped the CBN, the Accountant General of the Federation, Zenith Bank and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.

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Senate Postpones Screening Of Ministerial Nominees, Gives Reasons

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Senate President Akpabio

Nigerian Senate has shifted the scheduled screening for ministerial nominees, initially set for today.

The postponement of the exercise to Wednesday is to enable the nominees provide all needed documents as well as allow for sufficient time to complete their documentation and pre-screening processes.

The announcement was contained in a statement signed on Tuesday by the Special Adviser to the President on Senate Matters, Senator Basheer Lado.

According to Lado, the screening will hold on Wednesday, at 12:00 pm.

Lado, while explaining the reason for the postponement said the scheduled screening of ministerial nominees was shifted by the Senate, adding that it is to allow all nominees to conclude all aspects of documentation and pre-screening exercises.

He said the Office of the Special Adviser to the President on Senate Matters thanked the public for their understanding and cooperation.

Recall that the Special Adviser to the President had on Monday disclosed in a statement that the screening will hold today.

President Tinubu had written the Senate, seeking the screening and subsequent confirmation of appointments of seven ministerial nominees announced in Abuja last Wednesday.

Tinubu’s request was contained in a letter addressed to the President of the Senate, Senator Godswill Akpabio, and read last Thursday during plenary.

According to the letter, the ministerial nominees were Dr Nentawe Yilwatda, Minister of Humanitarian Affairs and Poverty Reduction; Muhammadu Maigari Dingyadi, Minister of Labour and Employment; and Bianca Odinaka Odumegu-Ojukwu, Minister of State, Foreign Affairs.

Others were Dr Jumoke Oduwole, Minister of Industry, Trade and Development; Idi Muktar Maiha, Minister of Livestock Development; Rt Hon Yusuf Abdullahi Ata, Minister of State, Housing; and Dr Suwaiba Said Ahmad, Minister of State, Education.

President Tinubu in the letter had sought expeditious consideration of his request by the Senate.

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