EFCC grills more celebrities over naira abuse, recovers huge funds from ministry – Newstrends
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EFCC grills more celebrities over naira abuse, recovers huge funds from ministry

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EFCC grills more celebrities over naira abuse, recovers huge funds from ministry

The Economic and Financial Crimes Commission (EFCC) on Sunday said it has so far recovered N32.7 billion and $445,000 from the Ministry of Humanitarian Affairs, Disaster Management, and Social Development.

The anti-graft agency, in a statement titled: ‘Setting the Records Straight on Investigations of  Humanitarian Ministry’, said the monies were recovered from past and suspended officials of the ministry and others.

While saying it has not cleared any individual of fraud allegations, the EFCC said it has also expanded investigations into fraudulent dealings involving COVID-19 funds, the World Bank loan, and Abacha recovered loot released to the Ministry by the Federal Government to execute its poverty alleviation mandate.

On Naira abuse, the EFCC said it is investigating several celebrities involved in the act, adding that many of them have made useful statements to the Commission.

Newstrends reports that cross-dresser, Idris Okuneye, also known as Bobrisky, was jailed a few days ago by Lagos Court for Naira abuse.

The EFCC statement reads in full : “The Economic and Financial Crimes Commission, EFCC, has noticed the rising tide of commentaries, opinions, assumptions and insinuations concerning its progressive investigations into the alleged financial misappropriation in the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

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At the outset of investigations, past and suspended officials of the Humanitarian Ministry were invited by the Commission and investigations into the alleged fraud involving them have yielded the recovery of N32.7billion and $445,000 so far.

Discreet investigations by the EFCC have opened other fraudulent dealings involving Covid -19 funds, the World Bank loan, Abacha recovered loot released to the Ministry by the Federal Government to execute its poverty alleviation mandate.  Investigations have also linked several interdicted and suspended officials of the Ministry to the alleged financial malfeasance.

It is instructive to stress that the Commission’s investigations are not about individuals. The EFCC is investigating a system and intricate web of fraudulent practices. Banks involved in the alleged fraud are being investigated. Managing Directors of the indicted banks have made useful statements to investigators digging into the infractions. Those found wanting will be prosecuted accordingly. Additionally, the EFCC has not cleared anyone allegedly involved in the fraud. Investigations are ongoing and advancing steadily. The public is enjoined to ignore any claim to the contrary.

On the issue of the works of the Commission against Naira abuse,  dollarization of the economy and the enforcement of all extant laws relating to them, the EFCC appreciates the avalanche of public awakening,  support  and involvement demonstrated so far.

Increasingly, members of the public are drawing the attention of the Commission to video recording of abuse of the Naira by Nigerians from all walks of life. These gestures amply demonstrate rising consciousness of the public to the sanctity of our national currency and the need for collaborative engagement to sustain the tempo.

To this end, the Commission will always investigate and prosecute anyone involved in the abuse of the Naira. Old videos being exhumed and flying around for the attention of the Commission are noted as the Commission is sensitive to the fact that its Special Task Force against Naira Abuse and Dollarization of the economy commenced operations on February 7, 2024. However, going forward, new videos of such infractions will be investigated and prosecuted.

At the moment, the Commission is investigating several celebrities involved in Naira abuse.  Many of them have made useful statements to the Commission and many more have been invited by investigators working on the matter. The EFCC will not relent in its no-sacred-cow mode of operations and the public should be wary of running afoul of laws against the crime.”

EFCC grills more celebrities over naira abuse, recovers huge funds from ministry

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Don’t fuel Rivers crisis, Edwin Clark tells APC, PDP

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Edwin Clark

Don’t fuel Rivers crisis, Edwin Clark tells APC, PDP

Leader of the Pan Niger Delta Forum (PANDEF), Edwin Clark, has warned against the two political parties fueling the crisis in Rivers State.

He also accused Minister of the Federal Capital Territory (FCT), Nyesom Wike, of sowing a seed of discord against Governor Sim Fubara of the state.

In a letter dated May 20, 2024, addressed to the chairmen of both the Peoples Democratic Party (PDP) and All Progressives Congress (APC), Clark expressed concerns about the crisis.

He stated, “As a patriotic old statesman, I strongly believe that I should address this letter to you to call to order FCT Minister, Chief Nyesom Wike, because he is dancing naked in the open market in the politics of madness in Rivers State with one leg each in the two parties.”

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Clark highlighted Wike’s alleged control over both the PDP and APC in the state, urging action to prevent further political turmoil.

He emphasized the importance of stability in Rivers State, a significant contributor to the nation’s economy due to its oil resources and the presence of International Oil Companies (IOCs) and the Onne deep seaport.

He further said, “I strongly advise both of you to withdraw from the madness of politics of Rivers State to avoid the dangerous crisis facing Rivers State, one of the most important states producing the resources used to sustain the economy of this country.”

Clark condemned the Federal Government and the political parties’ inaction in the face of disruption in Rivers State.

Don’t fuel Rivers crisis, Edwin Clark tells APC, PDP

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Insecurity: How to make state police effective, by Senate leader

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Senate Leader Opeyemi Bamidele

Insecurity: How to make state police effective, by Senate leader

Senate leader, Opeyemi Bamidele,  has said that the establishment of state police will go a long way to addressing the insecurity across the country.

Bamidele, who stated this in Abuja on Monday in a statement issued by his media office described the current state of policing in Nigeria as “ailing and dysfunctional.”

The statement read in part, “We must admit that the system can no longer guarantee the dignity of human lives and the security of collective assets considering our security dynamics in the Fourth Republic.

“The proposal for the creation of state police has been a subject of intense debate in the last decade or more.

“This, in part, can be attributed to the rise of armed attacks orchestrated by diverse interests either pursuing divisive agendas or seeking predatory ends in virtually all geopolitical zones,” he said.

He noted that Nigeria, one of the world’s fastest-growing nations in terms of population, could not continue to operate a centralised policing system.

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“Such a policing model cannot meaningfully address existential threats to our internal cohesion and stability. Unlike in 1979, when we had a population of 70.75 million, Nigeria is now a federation of about 229 million people and is currently the world’s sixth-biggest country.

“This is as shown in the demographic data of the United Nations. Contrarily, as revealed in the recent presentation of the Inspector-General of Police, Kayode Egbetokun, Nigeria has a police-citizen ratio of one to 650.

“This ratio is a far cry from a ratio of one to 460, which, according to the United Nations, is a minimum requirement for every sovereign state or territory worldwide,” the Senate leader said.

The lawmaker further noted that the ongoing review of the 1999 Constitution would allow stakeholders to interrogate the nation’s security framework and take a position on the desirability or otherwise of state police in the country.

“We must go about it (state police) with a clear sense of self-realisation. We must, first and foremost, realise that the present police system is ailing and dysfunctional.

“We must also admit that the system can no longer guarantee the dignity of human lives or the security of collective assets.

“With this admission, it is evident that the option of adopting state police is no doubt inevitable as an antidote to the diverse security challenges that threaten us as a federation,” he said.

The Senate leader further said that as the debate for a more efficient police model continued, the National Assembly was under obligation to provide a legal framework with clearly defined preconditions.

“Sub-national governments must conform to the preconditions before establishing their policing formation. The role of all 36 state Houses of Assembly is equally indispensable in the quest to adopt the decentralised police system,” he said.

The bill for the establishment of the state police is currently in the National Assembly. In February, the House of Representatives passed the bill for the second reading.

The bill, sponsored by the Deputy Speaker of the House, Benjamin Kalu and 14 others, seeks to alter the relevant Sections of the 1999 Constitution to pave the way for states to establish their policing outfits.

Insecurity: How to make state police effective, by Senate leader

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CBN in U-turn withdraws cybersecurity levy

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CBN Governor, Olayemi Cardoso

CBN in U-turn withdraws cybersecurity levy

The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory withdrawal of 0.05 per cent from every electronic transaction as cybersecurity levy.

The controversial directive for collection of the levy had attracted nationwide condemnation when the central bank introduced the policy last week, prompting the Presidency to immediately suspend the implementation of the Cybersecurity Levy.

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In a withdrawal circular that was issued by the CBN on Sunday night, it directed the banks not to go ahead with the initial directive, in line with the presidential directive. The apex bank authorities claimed it’s a sign that the present administration was a listening one that prioritises public good.

“Further to this, please be advised that the above referenced circular is hereby withdrawn,” CBN director in charge of payments system, Chibuzo Efobi, and the director, financial policy and regulation, Haruna Mustapha, said in the circular, adding that all banks should “Please be guided accordingly.”

CBN in U-turn withdraws cybersecurity levy

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