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I’ll release Bayelsa commissioner when police free my father, says kidnapper

Published

3 years ago

January 23, 2022

Federal Otokito

The abductors of the Bayelsa State Commissioner for Industry, Trade and Investment, Federal Otokito, have contacted the paramount ruler of his community, Otuokpoti, in the Ogbia Local Government Area of the state.

Otokito’s assailants, believed to be operators of illegal crude oil refinery, also known as ‘kpofire’, had stormed his residence in the community on Thursday night and grabbed him from his bedroom at gunpoint into a waiting speedboat at the waterside and sped away.

They were said to have kidnapped Otokito for opposing their plan to set up an illegal crude oil refinery in the community’s forest.

Sunday PUNCH learnt that the kidnappers’ leader called the community chief on the phone and informed him that the commissioner was in their custody.

But they were yet to contact the victim’s family more than 48 hours after they took him away to an unknown place.

A family source, who spoke in confidence on Saturday, said the kidnappers’ leader called the traditional ruler at about 5:30am on Saturday.

According to the source, the camp leader did not demand any ransom but stated that they would release Otokito only on the condition that his detained father was released by the police.

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The source said, “They’ve not contacted the family but the actor (leader) called the paramount ruler that he actually did the kidnapping and the commissioner is with him.

“He called the paramount ruler at about 5:30am but did not demand ransom. The only seeming demand he placed is that his father held by the police should be freed. He threatened to come back to the community if his demand was not met.”

Before the incident, the gang leader had reportedly approached Otuokpoti community and held a meeting with some elders and youths, where he sought to set up an illegal bunkering camp around the community’s bush.

He and his men allegedly sealed the understanding reached at the meeting by providing bags of rice, lives goats and cash gifts, among other items.

However, Otokito got wind of the meeting and headed to the village and vowed that as a serving commissioner, he would not allow any illegitimate oil refinery to operate in the area.

He was said to have also confronted the leader of the gang and warned them to stay away from the forest, threatening to expose them if they attempted to carry out their nefarious business.

Apparently angered by the commissioner’s decision to abort their illicit plan, the armed oil thieves were said to have stormed Otokito’s house at about 11pm on Thursday and gained entrance through the kitchen.

Punch

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BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

Published

12 hours ago

November 14, 2024

Trends Admin

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year.

Atiku Bagudu, Minister of Budget and Economic Planning, disclosed this to journalists on Thursday following the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu.

Bagudu revealed that the council had approved the Medium-Term Expenditure Framework (MTEF) for 2025-2027.

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According to the minister, the government has pegged the crude oil benchmark at $75 per barrel, with an oil production target of 2.06 million barrels per day (bpd).

The budget also sets the exchange rate at N1,400 per dollar and aims for a gross domestic product (GDP) growth rate of 6.4%.

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

metro

EFCC arrests ex-NCMB boss over $35m energy project fraud

Published

12 hours ago

November 14, 2024

Trends Admin

EFCC arrests ex-NCMB boss over $35m energy project fraud

The Economic and Financial Crimes Commission (EFCC) told FIJ that they have arrested Timber Wabote, the former executive secretary of the Nigerian Content Development and Monitoring Board (NCMB), on the grounds of a failed $35 million Bayelsa refinery project fraud.

Dele Oyewale, the EFCC’s spokesperson, confirmed this to FIJ on Thursday.

“It is true,” Oyewale responded to FIJ’s inquiries.

Wabote is accused of misappropriating public funds for a refinery project that should have improved local energy production.

Vanguard reported that the NCDMB under Wabote paid $35 million to support the development of energy infrastructure in the Brass Local Government Area of Bayelsa, yet there was nothing to show for it.

The EFCC picked Wabote up following the arrest of Akintoye Adeoye Akindele, the Managing Director of Atlantic International Refinery and Petrochemical Limited, for alleged misappropriation, money laundering and diversion of $35 million in public funds.

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“NCDMB under the watch of Wabote allegedly paid the $35 million to Akindele to build a 2,000 barrel per day (BPD), refinery, jetty, gas plant, power plant, data centre and tank farm at Brass free trade zone (FTZ), Okpoama Community in Brass LGA of Bayelsa State,” a source with the EFCC had explained.

Since December 2020 when the payments were made, Akindele abandoned the project with little or nothing to show for the huge sum he received.

Preliminary investigations showed that Wabote’s NCDMB financed 17 different projects, including the 2,000 BPD refinery in Brass LGA.

There has been a series of public fund misappropriation cases in the energy sector in recent times.

FIJ earlier reported that members of the House of Representatives summoned three ministers to defend how over $2 billion was spent on renewable energy with not much to show for it.

A recent FIJ report also recently detailed how residents of Yenagoa, the capital of Bayelsa, have not had power in their homes since July due to the vandalisation of the Ahoada-Yenagoa transmission towers caused by unidentified persons.

The Bayelsa state government told FIJ it was the federal government’s responsibility to provide electricity for residents. The state has no renewable energy options reliable enough to power its capital despite the multi-million-dollar NCMB energy project.

Transparency in the energy sector has become necessary at a time when Nigerians have suffered power instability due to frequent grid collapses.

EFCC arrests ex-NCMB boss over $35m energy project fraud

metro

Court adjourns Yahaya Bello’s trial till Nov 27

Published

12 hours ago

November 14, 2024

Trends Admin

Yahaya Bello

Court adjourns Yahaya Bello’s trial till Nov 27

The Economic and Financial Crimes Commission (EFCC) has requested an adjournment in the new case against the immediate past Governor of Kogi State, Yahaya Bello, stating that the 30-day window for the previously issued summons is still active.

The commission has granted administrative bail to his co-defendants, Umar Oricha and Abdulsalami Hudu, and asked the court for an extension of time for Bello to appear.

At the resumed hearing before Justice Maryann Anenih of the Federal Capital Territory High Court, Abuja, EFCC Counsel Jamiu Agoro noted that the court’s order from October 3rd had not yet expired.

“In that wise, we feel it will not be appropriate for us to take proceedings while that 30 days is still running. So we have discussed and agreed to come back on the 27th day of November, 2024, my lord,” he told the court.

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He also mentioned that the previously set date of November 20th was not convenient for the prosecution counsels.

Counsel to the second defendant, Aliyu Saiki, SAN, confirmed that his client had been granted administrative bail by the prosecution and had no objection to the adjournment request. The third defendant’s counsel, ZE Abass, concurred.

The prosecution counsel also requested the court to allow the notice of hearing to be pasted on the last known address of the first defendant.

After hearing from all counsels, the judge granted the EFCC’s application for adjournment and the issuance of the hearing notice.

“I have considered the application for adjournment by the complainant and issuance of hearing notice and the submission by the second and third defendants. The application is granted,” she said.

Justice Anenih then adjourned the case to November 27th for arraignment.

The former governor, alongside Umar Oricha and Abdulsalami Hudu, are being prosecuted as 1st to 3rd defendants, respectively, in a fresh 16-count charge instituted against them by the EFCC.