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Hidden N19.3bn Kogi Salary Bail-Out Funds Returned to CBN

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Hidden N19.3bn Kogi Salary Bail-Out Funds Returned to CBN
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Hidden N19.3bn Kogi Salary Bail-Out Funds Returned to CBN

EFCC Press Release

The Central Bank of Nigeria, CBN, has acknowledged the receipt of the sum of N19, 333,333,333.36 (Nineteen Billion, Three Hundred and Thirty-three Million, Three Hundred and Thirty-three Thousand, Three Hundred and Thirty-three Naira, Thirty-six Kobo) recovered the EFCC from the Kogi State Salary Bail-out account domiciled in Sterling Bank Plc.

This effectively puts to rest the campaign of misinformation and unconscionable denials by the Kogi State Government that no fund was recovered from its bail out account.

The apex bank in a letter referenced, DFD/DIR/CON/EXT/01/099 and dated 9th November, 2021 informed the Executive Chairman, EFCC, Abdulrasheed Bawa that it has received the money.

The letter reads in part: “We refer to your letter dated November 5, 2021 with Ref. No: CR:3000/EFCC/LS/CMU/REC-STE/VOL.4/047 on the above subject and wish to confirm the details of the receipt of the amount as stated below: Bank: Sterling Bank Plc; Amount: N19, 333, 333,333.36; Date of receipt: 04 November, 2021”.

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The return of the money to the apex bank is in compliance with the October 15, 2021 Order of a Federal High Court sitting in Ikoyi Lagos directing the unfreezing of the Kogi State Salary Bail-out account to enable Sterling Bank to remit the balance in the account to the Central Ban of Nigeria. Justice Chukwujekwu Aneke gave the Order pursuant to an application filed by the EFCC.

The Commission had told the court that the management of Sterling Bank Plc, where the account was domiciled had acknowledged the existence of the said account with the staggering sum of N19, 333,333,333.36 in its books.

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The Commission further brought to the attention of the court that “The sum of N19, 333,333,333.36 is still standing in the credit of the account frozen”, adding that “the management of Sterling Bank PIc, has, pursuant to a letter dated 15 September, 2021, signed by its Managing Director, indicated intention to return the total sum of N19, 333,333,333.36 back to the Central Bank of Nigeria.”

The EFCC prayed The court that it “is expedient for the instant suit to be discontinued and the account unfrozen to enable the management of Sterling Bank PIc effect the transfer/ return of the sum of the sum of N19, 333, 333, 333.36 back to the coffer of the Central Bank of Nigeria , where the said bailout funds was disbursed.”

The transfer has put paid to any further controversy regarding source and ownership of the funds and most importantly, aborted the funds dissipation.

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On August 31, 2021, Justice Tijani Garba Ringim, a vacation Judge, had ordered the freezing of the account, following an ex-parte application filed by the EFCC.

The EFCC, in a 13-paragraph affidavit in support of the ex-parte application, had stated that it received a credible and direct intelligence, which led to the tracing of the funds reasonably suspected to be proceeds of unlawful activities in account No. 0073572696 domiciled in Sterling Bank, Plc with the name Kogi State Salary Bailout Account.

After listening to the EFCC application, Justice Ringim on August 31, 2021, ordered the freezing of the account and directed the publication of the order in a national newspaper by the EFCC.

Wilson Uwujaren
Head, Media & Publicity
19 November, 2021

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EndSARS Whitepaper: You Can’t Submerge The Truth – Ebun Adegboruwa

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EndSARS Whitepaper: You Can’t Submerge The Truth – Ebun Adegboruwa

#EndSARS PANEL REPORT: THE SIEGE IS OVER

Since November 15, 2021, when the Reports of the #EndSARS Judicial Panel were submitted to the Lagos State Government, a good number of my colleagues, friends and admirers prevailed on me to refrain from further public pronouncements on the activities and reports of the Panel since the government was studying the said reports.

Upon the submission of the said reports, lawyers on the payroll of the government and other employees of the government, took turns to denigrate the reports, on national television, in paid adverts in newspapers and on the social media.

Ministers in the Cabinet of the Federal Government have also commented on the said reports, in some cases calling members of the Panel unprintable names and even comparing victims of brutality and human rights abuses to goats and taunting their already traumatized families and friends.

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EndSARS Whitepaper: You Can’t Submerge The Truth – Ebun Adegboruwa

On November 30, 2021, the government released two separate White Papers, to the general public. The Panel was not informed of this action and it was not availed copies of the said White Papers, till this moment.

The Committee that reviewed the Reports of the Panel and which produced the White Papers was headed by the Honourable Attorney-General of Lagos State.

On December 1, 2021, the Honourable Attorney-General of Lagos State was a guest on Arise Television, where he took time to discuss the Reports of the Panel and the contents of the White Papers that his Committee produced. The impression was also created that the Panel mismanaged funds released to it.

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It has become necessary therefore for me and all other Members of the Panel to study the White Papers and make appropriate responses thereto. There will be no holds barred, since the government itself has opened the doors for public scrutiny of the report and the white papers.

For the records, the Panel relied upon the evidence of witnesses, documents tendered before it and the goodwill of the people of Nigeria, throughout its assignment.

It is painful for me and the Panel that the government is creating the wrong impression of financial impropriety as a tool of distraction when the Panel had a Secretariat that managed all its funds, through the Ministry of Justice.

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Although I served on the Panel free of charge without collecting a dime, I know as a fact that other members served sacrificially, giving up their time, families and careers for a whole year.

At the appropriate time, we will respond to all the inaccuracies, the coverups and the inconsistencies contained in the White Papers released by the government.

Assuredly, nothing can ever cover the truth. What happened at the Lekki Toll Gate on October 20, 2020, was already in the public domain, those who received the bullets knew what happened and the doctors that treated them knew what happened. The Panel reports only confirmed what most Nigerians already knew.

Ebun-Olu Adegboruwa, SAN
Lekki, Lagos.
01/12/2021

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Man Almost Cut Off His Employer’s Manhood In Ogun, Beat Up His Boss’ Wife

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Man Almost Cut Off His Employer's Manhood In Ogun, Beat Up His Boss' Wife
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Man Almost Cut Off His Employer’s Manhood In Ogun, Beat Up His Boss’ Wife

A 40-year-old logger identified as Ogidan Yussuf, has been arrested for allegedly cutting the genital organ of his employer, Oluwo Shakiru, and assaulting his wife over loss of equipment.

The suspect said to be a resident of Wuraola Street, Epe, in Ijebu East LGA and reportedly a saw machine operator for the victim, was arrested by operatives of Ogun State security network codenamed Amotekun.

State commander of Amotekun, David Akinremi who disclosed this yesterday November 30, said the incident occurred two months after Yusuf had been dodging his boss over loss of the machine.

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He said;

“The insistence of the victim to get back his saw, coupled with the assault on the victim’s wife by the suspect led to a physical fight.

“In the process, the suspects allegedly gripped the victim’s genital organ and almost yank it off only to escape from the scene before his arrest by our operatives.

“The victim was immediately rushed to Olabisi Onabanjo Teaching Hospital and is responding to treatment while the suspect who confessed to the dastardly act has been handed over to the police for prosecution.”

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Lai Mohammed Will Now Say That FG Forced Jack Dorsey To Resign – Aisha Yesufu

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Lai Mohammed Will Now Say That FG Forced Jack Dorsey To Resign – Aisha Yesufu

Recall that the co-founder of Twitter, Jack Dorsey stepped down from his executive role.
On this note, Aisha Yesufu, popular social media activist, has said that the Minister of Information and Culture, Lai Mohammed, would claim responsibility for Jack Dorsey’s resignation as Twitter Chief Executive Officer.

According to her, the government would soon tell Nigerians that Jack’s resignation was part of negotiations to return the social media platform to the Nigerian space.

Dorsey, who posted the first-ever tweet in 2006, will be replaced by Chief Technology Officer (CTO), Parag Agrawal.

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Elliott Management and billionaire investor Paul Singer had advised the tech guru to step down from Twitter or Square, his financial payments company

In an announcement of Monday, the company said Dorsey would exit but remain on the board until the stockholder meeting in 2022.

“I wouldn’t be surprised to hear Lai Mohammed claim they forced Jack to resign. They might even say it was part of the agreement for them to unban twitter in Nigeria,” Aisha tweeted.

Twitter is currently under suspension in Nigeria having been accused of being used in spreading fake news in the country.

However, one major event that happened before Twitter suspension was the taking down of President Muhammadu Buhari’s tweet where the Nigerian leader was adjudged to have threatened citizens of the country

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