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Patience Jonathan Dares EFCC, Recovers N2bn Hotel

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  • Patience Jonathan Dares EFCC, Recovers N2bn Hotel

Patience, the wife of former President Goodluck Jonathan, has recovered her N2bn hotel which was sealed off by the Economic and Financial Crimes Commission in June.

In June, the EFCC placed the red inscriptions, ‘EFCC Under Investigation’ all over the hotel which is located near Setraco Construction Company, off the Mabushi Kado Expressway.

However, when our correspondent visited the five-storey building recently, the EFCC inscriptions had been covered with patches of grey paint.

When our correspondent knocked on the gate, three men who attended to him said they acted on the instruction of Mrs. Jonathan.

When asked if they had the right to enter the building, one of them said, “Go and ask the EFCC if they had the right to put their sign all over the building in the first place. If you want more information, go and ask madam.”

The spokesman for the EFCC, Mr. Wilson Uwujaren, said he did not know much about the seizure of the building and thus could not say if it had been returned to Patience or not.

He said, “I have spoken to the appropriate people but I was not able to get any answer on the matter.”

A source at the EFCC said it was wrong of Patience to have erased the EFCC inscription from the building.

He said, “Sometimes when we are investigating some politically exposed persons, they immediately begin to sell off their buildings in order to cover their tracks and run away with the cash so that is why we put EFCC signs on the buildings so that innocent people will not buy those buildings.

“As it is, she has removed the inscriptions and can quickly sell it off.”

Although the hotel has not been officially valued by the EFCC, some estate agents within the community told our correspondent that the property should be worth about N2bn.

The property, which has not yet been officially opened, has between 50 and 100 rooms, a gym, a fountain and other amenities.

In his reaction, Mrs. Jonathan’s lawyer, Ifedayo Adedipe (SAN), said he was not aware of the seizure of the property.

Adedipe said if the hotel in question was indeed seized through a court order, then the removal of the EFCC inscriptions would be of no effect.

He, however, boasted that all properties and funds seized from the former first lady would be returned to her soon.

The senior advocate revealed that Mrs. Jonathan had dragged the EFCC before a high court in Abuja and the matter would soon come up for mention.

Adedipe said, “I am not aware of the seizure of property. If the EFCC seal was removed from the property, let them go and put another one. In any case, we have sued the EFCC for abuse of her human rights and human dignity. The matter is pending before the Federal High Court in Abuja and everything has been included in that suit.

“We are challenging all the seizures because without prejudice to our case, Mrs. Jonathan was neither a public officer nor a contractor. So, the idea of harassing her beats my imagination.

“I don’t see the basis for the EFCC’s harassment of that woman and the case wears a political toga because she was a formidable element during the campaign.”

Patience first came under EFCC investigation in May 2016 when the commission arrested a former Special Adviser to the President on Domestic Affairs, Waripamowei Dudafa.

Mrs. Jonathan laid claim to about $15m found in bank accounts allegedly belonging Dudafa’s domestic servants.

She subsequently sued Skye Bank Plc and the EFCC. The commission then went ahead to freeze her personal account with a balance of $5m.

The anti-graft agency had also frozen bank accounts belonging to her relatives and friends including business mogul, Bola Shagaya.

Her husband, Dr. Goodluck Jonathan, had complained about the harassment of his wife by the commission while Patience had also written a petition to the House of Representatives asking the lawmakers to caution the EFCC and stop harassing her and her relatives.

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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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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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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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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