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We Have Fresh Evidence of Corruption Against Atiku, Says FG

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  • We Have Fresh Evidence of Corruption Against Atiku, Says FG

The Federal Government said on Friday it was in possession of fresh evidence allegedly linking the presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, to the collapse of Bank PHB.

It stated that Abubakar had questions to answer in connection with an alleged N156m slush fund that he took from the bank through Claremont Management Services Account on 13th January, 2009.

The Minister of Information and Culture, Mr Lai Mohammed, made the allegation in Abuja while speaking with State House correspondents on whether the government was disturbed that the former VP got a United States visa and travelled to the US on Thursday.

Mohammed claimed the government was not bothered about the trip but added that he must clear his name of corruption allegations, especially his alleged role in the collapse of Bank PHB.

The minister said, “I have come to make few remarks about the recent visit of the presidential candidate of the PDP to the US. You can recall that a few weeks ago, I did issue a statement advising the US Government not to issue a visa to Atiku.

“Remember also that in that same press conference, I also stated that it remained the prerogative of the US government to issue visa to anyone it deemed fit.

“Let me say right away that we are not perturbed one bit that Alhaji Atiku Abukakar was able to secure a visa to the US. As a matter of fact, he can go ahead and get the US Green Card; that will not save him from imminent defeat in the forthcoming election.

He added, “I want to remind Abubakar that the elections will be right here in Nigeria and not in the US. In any event, any time Abubakar returns home, he has questions to answer following the fresh evidence that we have that he benefited from slush funds that led to the collapse of former Bank PHB.

“The document we have shows he benefited to the tune of N156m from that slush fund.

“The paper which we have here started from an internal memo on January 13, 2009, which reads, ‘Please refer for discussion, your requested overdraft in favour of Atiku Abubakar for N156m and deliver same to me.

“Please note that it must be delivered today (January 13) on the same date.’’’

The minister stated that there was a second memo, which confirmed the receipt of the money requested.

He quoted from the second memo, which reads, “Please confirm that the amount stated below be issued from Claremont Management Services account.”

He said, “And we have evidence here of the account mandate, the name of Atiku Abubakar; we also have a copy of the cheque in which the sum of N156m was issued to Atiku Abubakar, dated January 13, 2009.

“And of course, we also have a statement of account within that period that confirms that this sum was actually paid into his account.

“These are fresh evidence as to his involvement in the collapse of Bank PHB. So, we want him to stay as long as he wants in the US, but as soon as he comes back, he has to explain to the electorate and to Nigerians what his role was in the collapse of the former Bank PHB.”

Mohammed, however, observed that the visa the US gave to Abubakar was an indirect endorsement of Abubakar for the February 16 polls by the US government.

Allegation of corruption by FG is cock and bull story -Atiku

In his reaction, Atiku mocked the Federal Government for failing to stop the United States government from granting him visa, saying with or without a trip to the US, the PDP would dislodge the President Muhammadu Buhari-led All Progressives Congress at next month’s election.

The former vice-president also dismissed as cock and bull story, the allegation by Lai Mohammed that he had a case to answer over the collapse of Bank PHB (Platinum Habib Bank).

In a statement issued in Abuja on Friday, Atiku’s Special Assistant on Public Communication, Mr Phrank Shaibu, said the Federal Government should bury its head in shame having failed to stop him from travelling to the US.

He said it was shameful that the governing APC took it upon itself to call on the authorities of another country not to grant a private citizen entry visa, which ordinarily should not be its business.

Atiku who arrived in the US on Thursday said the APC was jittery knowing that its government had failed.

He stressed that Buhari’s days as President of Nigeria were numbered, adding that members of the ruling party had been running from pillar to post.

Atiku challenged the Federal Government to either prove his alleged corrupt activities or forever remain quiet.

He said, “It is disgusting to continue to spin allegations of corruption against me by people who have failed to come forward with a single shred of evidence of my misconduct while in office.

“Isn’t it a shame that the ruling party, which National Chairman, Adams Oshiomhole, only on Thursday gave official confirmation to the general belief that even if Lawrence Anini becomes an APC member today, Buhari will forgive and consecrate him, can turn around to accuse me of corruption today?

“They just suddenly woke up to the reality that their lies about Atiku being corrupt can no longer hold?”

he had added, “I challenge the Federal Government to come up with evidence that I benefitted from N156m slush funds through Claremont Management Services Account on 13th January, 2009 as well as the collapse of Bank PHB as they have alleged.

“It is instructive to note that the same Bank PHB is now Keystone Bank, which was said to have been acquired by Buhari’s cronies through AMCON last year.”

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

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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.

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