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N23bn Diezani Bribe: EFCC Declares Billionaire Businessman Wanted

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EFCC

The Economic and Financial Crimes Commission has declared billionaire businessman and Managing Director of Aiteo Group, Mr. Benedict Peters, wanted for his alleged role in the $115m (N23bn) bribe given to officials of the Independent National Electoral Commission by a former Minister of Petroleum Resources, Diezani Alison-Madueke, during the build-up to the 2015 election.

The EFCC said in an official gazette signed by its spokesman, Mr. Wilson Uwujaren, that Peters was wanted for criminal conspiracy, diversion of funds and money laundering.

The notice read in part, “Dark-complexioned Peters is wanted in connection with a case of criminal conspiracy , diversion of funds and money laundering. He hails from Abakaliki Local Government Area of Ebonyi State. His last known address is 8B Agodogba Avenue, Parkview Estate, Ikoyi, Lagos.”

Peters is alleged to have given Diezani about $60m during the build-up to the 2015 presidential election.

The EFCC had alleged that the MD of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, helped Diezani convert $115m to N23bn after which it was disbursed to INEC officials.

Some of the money was said to have emanated from some oil companies including Northern Belt Gas Company Limited which allegedly gave $60m to Fidelity Bank on behalf of Diezani.

An EFCC source told our correspondent that Peters was the person behind Northern Belt Gas Company Limited.

The source said, “We have launched investigations into the companies that gave Diezani money in form of kickbacks. About $60m came from Northern Belt Gas Company Limited. We have not been able to ascertain the directors of the company. However, we found out that Mr. Benedict Peters is the sole signatory to the account at Fidelity Bank.

“All attempts to get him have proved abortive. We currently do not know where he is and he is hardly ever in one place because he has a private jet.”

The oil magnate, who owns oil facilities in several countries, is said to own tank farms in Lagos and Port Harcourt. Under former President Goodluck Jonathan, Peters acquired an 85-per cent stake in block OML 29 from Shell Gas Company for $2.56bn. OML 29 potentially holds up to 2.2 billion barrels of oil and about 300 million standard cubic feet of gas.

He was also alleged to have taken part in the controversial crude oil swap deal involving the exchange of crude oil for refined petroleum products in which the Nigerian National Petroleum Corporation gave out 445,000 barrels of crude per day to nine companies through the Pipelines Product Marketing Company, a subsidiary of the NNPC.

However, Peters had in an advertorial in Sunday PUNCH of May 8, 2016, denied the allegations levelled against him.

The statement read in part, “In order to put the facts clearly and correctly in the public domain, both AIETO Group and Mr. Peter would like to state categorically that Mr. Peters has not been officially invited by the EFCC on this matter.

“As a law-abiding citizen and a significant participant in Nigeria’s key oil and gas sector and an accomplished global businessman with significant interests in different parts of the world, Mr. Benedict Peters will upon receipt of an official invitation from the EFCC, cooperate with such relevant authorities.

“Mr. Peters who is currently out of the country will certainly attend to an invitation from the EFCC upon return to Nigeria.”

Meanwhile, the anti-graft agency has also declared one Mr. Johnson Salako wanted for allegedly defrauding the Bank of Industry of N1.424bn.

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

Government

Sanwo-Olu Orders Full Reopening of Markets

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Coronavirus

Governor of Lagos State Orders Full Reopening of All Markets

Governor Sanwo-Olu of Lagos has ordered the full reopening of markets in the state after a report showed new cases of COVID-19 have subsided.

The governor ordered the full reopening of both the food markets and non-food markets across the metropolis.

Dr. Wale Ahmed, the Commissioner for Local Government and Community Affairs, disclosed this in a statement issued on Tuesday.

He said the governor took the decision to further deepen trade and commerce and ease the hardship of recent happenings.

It should be recalled that the markets were shut due to the outbreak of ravaging COVID-19 pandemic in March before they were partially reopened for activities in May.

The governor, however, urged all traders to observe all safety protocols in order to prevent a possible resurgence of COVID-19 in the state.

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Private Sector Coalition Against COVID-19 (CACOVID) Speaks on Looted Palliatives, Explains Delay

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looted palliatives

Looted Palliatives: Private Sector Coalition Against COVID-19 (CACOVID) Speaks

Private Sector Coalition Against COVID-19 (CACOVID) has spoken on the recent actions of criminals and thugs who hijacked the #EndSARS protest and looted warehouses where COVID-19 palliatives were kept for distributions.

The group refuted claims that the stolen items were hoarded for certain people instead of distribution to the vulnerable they were meant for. This is despite the fact that some of the palliatives were already rotten by the time criminals broke into the warehouses.

Some of the looters, who spoke with the press, said a sizeable number of the items were already rotten and destroyed by rodents, while one of the lawmakers tasked with distribution claimed he planned to distribute the items on his birthday. A statement that angered many Nigerians.

However, in a statement issued on behalf of the group by Osita Nwanisobi, the Acting Director of Corporate Communications, CBN, on Monday, CACOVID said due to the huge size of the items meant to be distributed, the complex process involved in manufacturing, packaging and the eventual distribution to 2 million most vulnerable families across the 774 local government in the country, the group agreed to conduct the supply in stages, especially given locked down imposed by the Federal Government during the period.

The statement reads, “Members of the Private Sector-led Coalition Against COVID-19 (CACOVID) wish to call for calm, amidst the looting of COVID-19 palliatives meant for distribution in various State Government warehouses across the country.

“The Coalition is deeply concerned by the recent events and is urging those involved in the wanton destruction of public and private property to immediately desist from these raids, in order to allow the States to proceed with a peaceful and fair distribution of these palliatives to the neediest and most vulnerable in our society.

“Over the past few months, the private sector, through CACOVID has been working with governors, the FCT Minister, and the Nigerian Governors’ Forum (NGF) to procure, deliver, and distribute these food relief items to almost 2 million most vulnerable families (over 10 million Nigerians) across the 774 local government areas of the country, as part of the private sector’s support towards the national response to the COVID-19 pandemic.

“The sheer scale of this nationwide food programme and the timing of the orders and deliveries, which coincided with the lockdowns and reduced movement across the country, compelled CACOVID to roll out distribution in a staggered manner.

“The very large size of the order and the production cycle required to meet the demand caused delays in delivering the food items to the states in an expeditious manner; hence, the resultant delay in delivery of the food palliatives by the state governors.”

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Makinde Directs Schools to Reopen After #EndSARS Protest

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education

Schools to Reopen After #EndSARS Protest, Says Governor Makinde

The Executive Governor of Oyo State, Seyi Makinde, has directed schools across the Ibadan metropolis to resume normal activities immediately after the #EndSARS protest.

Mr Olasunkanmi Olaleye, the commissioner for education, Oyo State, disclosed this in a statement issued on Sunday in Ibadan.

According to Olaleye, the directive was after a careful review of the situation in the Ibadan metropolis as promised by Governor Makinde in a state broadcast on October 20.

This was after the governor ordered the closure of all schools, private and public, in the Ibadan metropolis for three days and promised to review the situation on October 23.

Olaleye said the governor thanks the youths who have been cooperating with security operatives in the state to ensure peace and order.

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