Floyd Mayweather shows off his newly acquired $3.5M 2015 Bugatti

Floyd Mayweather showed off his new 2015 Bugatti Veyron Grand Sport Vitesse, he said it cost him $3,498,000.

Tyga and Kylie Jenner jet into LA looking quite stylish

The couple who have been in New York since Tuesday jetted into LA yesterday evening. Kylie looked quite stylish in a crop top and ripped jeans while Tyga changed his outfit at the airport before landing in LAX.

Six-year-old girl beats the odds after being born with her heart outside her chest.

Virsaviya Borun, a native of Russia who moved to South Florida with her mother, suffered from a rare condition - called Pantalogy of Cantrell- that caused her heart and intestines to form outside of her body. Her heart is protected only by a thin layer of skin.

German rapper who fought for ISIS terror group killed in an airstrike

The former German rapper who joined ISIS in 2012 and had publicly threatened President Obama has been killed in an airstrike, the Pentagon confirmed on Friday, October 30.

BVN Deadline: 26m bank accounts to be frozen

With less than 1 day to the deadline for Bank Verification Number, BVN, about 26 million account holders still haven't registered to protect their money.

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Showing posts with label corruption. Show all posts
Showing posts with label corruption. Show all posts

Thursday, 17 December 2015

EXCLUSIVE: Like Saraki, Dep. Senate President Ekweremadu to get 10 new exotic vehicles despite cash crunch


Deputy Senate President, Ike Ekweremadu, will be receiving 10 new exotic vehicles for his convoy at over N300 million, as part of a multibillion naira illegal automobile acquisitions by the National Assembly management, for senators. The purchases are coming despite the difficult economic situation Nigeria continues to face, with workers unpaid for months in some states, and governors considering reducing the national minimum wage or sacking civil servants. The acquisitions are also coming at a time National Assembly support staff have yet to receive their November salaries. PREMIUM TIMES had exclusively
reported how despite cash crunch facing the nation, the Nigerian Senate concluded plans to buy top-of-the-range vehicles for its president, Bukola Saraki, and 108 other senators. The contract was estimated at nearly N5 billion. But new details computed after the publication, show the actual amount would be in excess of that amount. We have also obtained tender documents indicating that the deputy senate president, Mr. Ekweremadu, will be receiving 10 new vehicles for his convoy, the number Mr. Saraki is getting. The cars include a Mercedes Benz S550, 4 Toyota Prado Jeeps, 4 Toyota Hilux vans and a Toyota Hiace Bus. The market survey conducted by this paper show that the Senate will be spending about N329.5 million on Mr. Ekweremadu’s convoy alone. A Mercedes Benz S550 2016 goes for $95,650, which translates to N23, 912,500 and addition of 105 percent (duty, levy and profit margin) takes the total cost of the car to about N49, 020,625.00. For the Toyota Prado SUVs, each unit costs $73,000, which equals N18,250,000, while a 105 per cent addition of levy, duty and profit would put the cost of each at N37,412,500. The total cost of the four Prado Jeeps being acquired for Mr. Ekweremadu is N149, 650,000.00. Also proposed for the deputy senate president’s convoy are four Toyota Hilux SS, Auto vehicles, each costing $50,150. At N250 to the dollar, each Hilux Van would cost N12, 537,500 and an additional 105 percent would raise the price of each unit to N25, 601, 875. The sum of the proposed four Hilux brands is N102.4 million. The last vehicle under consideration is a Toyota Hiace Bus 2016 model, which by our findings, could go for as high as N28.4 million. The acquisition of cars for senators is a violation of the monetisation policy of the federal government, which debars government bodies from purchasing vehicles for its officials. The policy instead allows public officers and political office holders to receive 250 per cent of their annual basic salary as motor vehicle loan, which translates to N5.07 million for each
senator. Our sources at the National Assembly said the Senators got these loans before also proceeding to acquire these new Toyota Land Cruisers. Also, like Mr. Saraki, the 10 vehicles proposed for Mr. Ekweremadu far exceeds the six allowed the Revenue Mobilisation, Allocation and Fiscal Commission for the two offices respectively. Individually, they are entitled to two official cars, one pilot car, one protocol/press car, one ambulance and one security car. In its response to our earlier story, the senate struggled to justify the purchases, claiming the vehicles would serve committee needs, a deceitful argument the Senate and the House of Representatives have used in the past to defend similar procurements. The spokesperson for the Senate, Aliyu Abdullahi, said in a statement on Sunday that it became necessary to replace Mr. Saraki’s vehicles because he was using his personal vehicles and older brands inherited from his predecessor. “With respect to the official vehicles of the Senate President, it should be noted that majority of the vehicles in his convoy are his personal vehicles while some of the vehicles that he inherited, including his official vehicles and the backup car, are so old that they are already developing faults and not fit for long journey. “We can recall that on several occasions, his official car broke down. Three instances will suffice here. I remember on a visit to Nasarawa state for a wedding of the daughter of a colleague. Other occasions were at the National
Mosque three weeks ago and at the Abuja airport. “The implication is that the vehicles in his official convoy are so old that they are already causing embarrassment for the Senate. The media should know that a man of his antecedent will not at this point be excited with purchase of new cars. His official cars are really
long overdue for replacement,” Mr. Aliyu said. Mr. Aliyu could not be reached for comments regarding the purchases for Mr. Ekweremadu.

Fresh facts expose how Ekweremadu, others withdrew N8 billion, laundered funds in failed constitution amendment


Fresh details have emerged on how members of the National Assembly Committee on the Review of the 1999 Constitution withdrew N7.75 billion purportedly to amend Nigerian constitution. PREMIUM TIMES had last week exposed how the federal lawmakers collected the money in tranches to purportedly alter the document between 2011 and 2015, but which former President Goodluck Jonathan refused to sign into law. While the 49-member Senate Committee on Constitution Review led by the Deputy Senate President, Ike Ekweremadu, withdrew a total N4,500,000.00 for the exercise, the 53-member House of Representatives Committee headed by the former Deputy Speaker, Emeka Ihedioha, spent N3,250,000,000.00. The documents, exclusively obtained by this newspaper, also showed that the Committee withdrew money from its account few days before the 2015 general elections. The presidential and National Assembly elections held on March 28. While on March 2, it withdrew N83.33m, it withdrew the same amount 21 days later, precisely on March 23. Yet, on April 13, two days after the governorship election, it withdrew another N83.33m. The fresh documents exclusively obtained by this newspaper which exposed bank transactions showed
that the two committees transferred various sums of money from two National Assembly accounts – 321/212/606/1/1/0 and 321/212/606/1/1/3 domiciled in Guarantee Trust Bank to their own accounts in different banks. While the House Committee transferred funds to its account in Zenith Bank, its counterpart in the Senate transferred monies to its three accounts
domiciled in Bank PHB (now Keystone Bank), Oceanic Bank (now EcoBank) and United Bank for Africa. According to the documents, the House Committee transferred to its Zenith Bank account N500m on December 16, 2011; N500m on May 17, 2012; N250m on August 6, 2013; and N250m on November 11, 2013; N250m on February 20, 2014; N250m on May 27, 2014; N250m on August 21, 2014; N166.5m on a date not specified; N83.5m on December 5, 2014; and N83.33 on March 2, 2015. The committee, on different occasions, also withdrew huge amounts in cash, serially violating Nigerian money laundering law. Part 1, Subsection 1 of the Money Laundering Act 2011 provides that “No person or body corporate shall, except in a transaction through
a financial institution, make or accept cash payment of a sum exceeding- (a) N5,000,000.00 or its equivalent, in the case of an individual; or (b)N10,000,000.00 or its equivalent in the case of a body corporate.” It withdrew N250m on October 29, 2012; N250m on May 8, 2013; N83.33m on March 23, 2015 and another N83.33m on April 13, 2015. The Senate Committee, the documents revealed, transferred the sum of N125m on April 21, 2010 to Bank PHB; N250m on June 10, 2010 to Oceanic Bank; N125m on a date not specified; to Oceanic Bank and N250m on October 13, 2010 to Bank PHB. The transactions were made before the Committee was inaugurated in the 7th Assembly in 2011 It also transferred N250m on a date not specified to Oceanic Bank; N250m on February 9, 2011to Bank PHB; N500m on December 16, 2011 to Bank PHB; N250m on May 17, 2012 to Bank PHB; N250m on July 23, 2013 to Keystone Bank, N250m on November 5, 2013 to Keystone Bank; N250m on February 5, 2014 to Keystone; N250m on May 22, 2014 to Keystone; N250m on August 18, 2014 to Keystone; N166.6m on November 25, 2014 to Keystone; N83.4 on December 5, 2014 to Keystone; and N83.33m on February 27, 2015 to Keystone. It further withdrew N250m on April 20, 2012; N250m on February 27, 2013; N250m on May 8, 2013; N83.33m on March 17, 2015; and N83.33 on a date not specified, in cash. This again was a clear violation of Nigeria’s money laundering law. PREMIUM TIMES could not reach Mr. Ekweremadu to speak on this story last week. He did not respond to calls to his mobile telephone nor replied a text message sent to him. Mr. Ihedioha directed this newspaper to the Clerk of the House, Sani Omolori, who did not respond to our enquiries by phone. The management staff of the National Assembly, including its Clerk, Salisu Maikasuwa, did not also respond to our enquiries. Uche Anichukwu, the media aide to Mr. Ekweremadu, however issued in a statement on Saturday, denying that members of the two committees judiciously spent the huge sum on the fourth alteration of the Constitution. “The Office wishes to state categorically that there was no “pocketing” of N8 billion by members of the Committee on Constitution Review in the 7th Senate chaired by Senator Ekweremadu,” the statement said. The statement also claimed members of the 7th
National Assembly and the 36 state assemblies did not fail in their legislative duties towards the realization of the fourth amendment of the 1999 Constitution. Mr. Anichukwu said, “Members diligently and successfully piloted the most elaborate amendments to the 1999 Constitution through all the legislative due process. They were indeed amendments that held great promises for the nation’s democracy”. The statement did not attempt to explain how the several billions withdrawn by committee members were spent or why committee members were withdrawing as much as N250million in cash, serially committing money laundering.

Monday, 14 December 2015

Court papers show how ex-NSA Dasuki allegedly shared N13.6bn arms money to cronies, politicians


Court papers containing charges against a former National Security Adviser, Sambo Dasuki, and some of his former lieutenants, have provided further details of how Mr. Dasuki allegedly distributed billions of naira meant for arms purchase for the fight against the insurgent Boko Haram group, to politicians, his cronies and family members. Mr. Dasuki was on Monday arraigned before an Abuja High Court on a 19-count charge of money laundering and breach of public trust. Those charged alongside Mr. Dasuki were a former director of finance at the office of the NSA, Shuaibu Salisu, as well as an aide to former President Goodluck Jonathan, Waripamowei Dudafa. A former general manager at the Nigeria National Petroleum Corporation, NNPC, Aminu BabaKusa, and two firms, Acacia Holdings Limited and Reliance Referral Hospital Abuja, were also charged. The first charge accused Messrs. Dasuki, Salisu and Dudafa (said to be at large) of withdrawing N10 billion in foreign currency equivalent from the account of the NSA with the CBN on November 27, 2014. The charge says Mr. Dasuki claimed to have distributed the money to PDP presidential primary election delegates – an act the Economic and Financial Crimes Commission said was punishable under section 315 of the penal code Act, Cap 532, Vol. 4 laws of the federation 2004. Another count says Messrs. Dasuki and Salisu withdrew N2.120 billion from the NSA account with CBN, between January 22 and March 19 and paid same to the account of Daar Investment and Holding Company Limited controlled by Raymond Dokpesi, for the funding of the media activities for the 2015 presidential election campaign of the PDP. Messrs. Dasuki and Salisu were also accused of criminal breach of trust by withdrawing N90 Million from the NSA’s account with Diamond Bank Plc and remitting the said amount into the account of “Brains and Hammers Limited for the purchase of 7-bedroom duplex house at No. 11 Mansur Bamalli Drive (D1064), Apo 1, Abuja in the name of Abubakar Atiku Dasuki, the son of Mr. Dasuki”. Messrs. Dasuki and Salisu also on 28 January reportedly withdrew N170 million from another NSA account with Skye Bank Plc and paid the money into the account of Urban Abode Nigeria Limited for the purchase of a four-bedroom duplex at plot 2562/2643, Platinum Villa (PV) Asokoro Abuja in the name of AVM M. N. Umaru. The Nigerian government is also accusing Messrs. Dasuki and Salisu of illegally transferring N1.5 billion of Nigerian money held at Zenith Bank between October 9, 2014 and April 17 2015, to Acacia Holdings limited “controlled by one Aminu Babakusa purporting
same to be payment for organizing prayers”. The duo were also said to have on April 17, 2015 transferred N750 Million from the NSA account with Zenith bank to the account of Reliance Reference Hospital also controlled by Mr. Babakusa for organizing prayers. In a separate charge, Acacia Holdings and its owner, Mr. Babakusa, were accused of collecting N1.45 billion from the account of the NSA with Zenith Bank, into their accounts with UBA and Ecobank, between October 9, 2014 and April 17, 2015, from Messr. Dasuki and Salisu for organizing prayers, knowing that the money “directly represented proceeds of criminal conducts and knowing same to be stolen property”. Mr. Babakusa and Reliance Hospital were also accused of collecting N750 million from Mr. Dasuki on April 17, 2015 “which sum belonged to the Federal Government of Nigeria and knowing the said sum to be stolen property but purporting same to be payment for organizing prayers and you thereby committed an offence punishable under section 317 of the penal code Act, Cap 532, Vol. 4 laws of the federation 2004”. The government also said that on April 9, 2015,
Messrs. Dasuki and Salisu transferred N380 million in the account of the NSA with CBN to the account of Belsha Nigeria Limited for “consultancy services”. Messrs. Dasuki and Salisu were also accused of transferring, on 12th August 2014 and 23rd March, 2015, from the NSA account with CBN, the sum of N670 Million to the account of General hydrocarbons Limited with Guarantee Trust Bank, GTB, controlled by Nduka Obaigbena as payment for “energy consulting”. Mr. Obaigbena is the publisher of ThisDay newspaper. The two former government officials are also accused of transferring N260 million from the NSA account with Skye Bank to the account of a former chairman of the Board of Trustee of the PDP, Tony Anenih, with First Bank of Nigeria Plc. Messrs. Dasuki and Salisu are also accused of criminal breach of trust when they allegedly transferred N345 million from the CBN account of the NSA to the account of Starbrid Limited with Stanbic IBTC Bank and GTB controlled by Emmanuel Lawani on behalf of Iyorchia Ayu, for the construction of a shopping mall at Jabi, Abuja, “purporting same to be payment for satellite charges and security equipment” thereby committing an offence punishable under section 315 of the penal code Act, Cap 532, Vol. 4 laws of the federation 2004. In all, the EFCC said it was accusing Messrs. Dasuki and Salisu of conspiring to do an illegal act through criminal breach of trust by public officers between October 2014 and April 2015 by distributing N13.570 billion belonging to the Federal Government to politicians and cronies. The EFCC said the offense committed by the duo is punishable under section 97 of the Penal Code Act, Cap 532, Vol, 4 LFN 2004. The anti-graft agency also said by “dishonestly receiving stolen property” belonging to the Nigerian government, totalling N2.2 billion, Acacia Holdings Limited, Reliance Reference Hospital and Aminu Babakusa have committed an offence punishable under section 97 of the Penal Code Act, Cap 532, Vol, 4 LFN 2004.

Tuesday, 24 November 2015

Sabotage and theft undermining power supply- Buhari, says Fashola to begin work on Lagos-Ibadan expressway next week


Read the press statement from the presidency below...
President Muhammadu Buhari has identified sabotage and theft of gas as factors undermining the efforts of the government to increase power supply in the country. To tackle the problem, the President announced that existing Military Task-Forces will be reorganized to ensure a successful protection of the network of gas pipelines.

Monday, 23 November 2015

New photos of Diezani Alison-Madueke in The Boss Newspaper


Nigeria’s former Minister of Petroleum Resources Diezani Alison-Madueke in Ovation Magazine publisher - Dele Momodu‘s The Boss Newspaper. She insists that she didn't steal the alleged billions they claimed she stole. More photos after the cut...

Saturday, 31 October 2015

Court of Appeal dismisses Saraki's appeal


The Abuja division of the court of Appeal has dismissed the appeal filed by senate president, Bukola Saraki challenging his trial by the Code of Conduct Tribunal. The appeal court dismissed all 5 issues raised by Saraki in the appeal. Two of the three panel of judges ruled that his appeal lacks merit. This implies that the Code of Conduct will still go ahead with Saraki's trial.

Fight against corruption: I have never lost sleep over comments that I am being selective- Buhari


President Buhari says he never lost sleep over comments by some people accusing him of being selective in his fight against corruption. The President said this while fielding questions from pressmen in India where he is attending the 3rd Summit of the India-Africa Forum