Read How Governor Fayemi Demanded 10% Of N159billion Refund To Paris Club Contractors As Kickback - IReporteronline
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Read How Governor Fayemi Demanded 10% Of N159billion Refund To Paris Club Contractors As Kickback

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Ekiti State Governor and Chairman of the Nigerian Governors’ Forum, Dr Kayode Fayemi, has become the latest public official to be fingered in the ongoing grand financial fraud of $418 million (about N159 billion at the current official exchange rate of $1 to N380) judgment debts around the Paris Club Refund which is unfolding before Nigerians.

The six individuals and entities who served as contractors to some states and local governments to secure their Paris Club Refund and who are demanding over $418 million judgment debts from the government have alleged that Fayemi demanded 10 percent of the sum as a kickback.

 

Already, the Attorney-General of the Federation, Abubakar Malami, and the Chief of Staff to President Muhammadu Buhari, Prof Ibrahim Gambari, are at the centre of the scandal, having forced the Central Bank of Nigeria to pay $350 million (about N133 billion) as part of the judgment debts – much of which was shared between them and the contractors.

SaharaReporters had exposed on Wednesday how the AGF and Gambari’s move to have the money paid was contrary to the NGF’s stance that the judgment debts should first be subjected to a probe – a request which President Buhari had acceded to.

The judgment debts are concerning the payments of a total $418 million, said to be owed six individuals and entities who purportedly offered services to states and their local governments on the payment of Paris Club debts.

Top sources, however, on Friday revealed to SaharaReporters that Governor Fayemi acting through proxies reached out to the contractors and demanded 10% of the judgment debts – a move they resisted and claimed might have necessitated the NGF Chairman’s stance against the payment of the debts.

The six individuals and entities which served as the Paris Club contractors include a former member of the House of Representatives, politician and lawyer, Ned Nwoko, who is laying claim to $142,028,941 (about N54 billion) via a consent judgment he obtained from the Federal High Court in Abuja in the suit marked FHC/ABJ/CS/148/2017.

Others are Riok Nigeria Ltd, Orji Nwafor Orizu, and Olaitan Bello. From the total money, Riok Nigeria Limited has a share of $142,028,941.95 (about N54 billion), Mr Nwafor is entitled to $1,219,440.45 (about N464 million), and Mr Bello has a share of $215,159.36 (N81.7 million).

One of the six contractors told SaharaReporters that Governor Fayemi first sent a civil servant to them to meet at an office in Aso Drive, Abuja, and that when they refused to bulge, he summoned four of them to several meetings to agree to a sum.

The source stated, “Fayemi demanded 10 percent of Paris Club Refund from contractors. He sent proxies to ask for 10 percent of the entire sums from four of the contractors.

“The governor first sent a civil servant to meet them at an office in Aso Drive and when they refused to bulge, he summoned them to a meeting at his (Fayemi’s) Guzape house on Sunday, February 7, 2021, to discuss how to collect his cut, which would have amounted to $41. 8 million (N51.9 billion)

The source stated that Prince Nwoko, Prince Nicholas Ukachukwu (Riok Nigeria Limited), Dr Ted Iseghohi Edwards and Dr George Uboh were at the meeting Fayemi secretly called.

“The governor still sent a civil servant a few days ago to put pressure on the contractors. But the contractors are insisting that since they did not involve in corruption and that their transactions are legitimate, they would not accede to pay bribe to the serving governor.

“The contractors said the judgment debts were still being processed and would be paid soon as President Muhammadu Buhari has already approved,” the source revealed further.

SaharaReporters had on Wednesday reported that Malami and the Chief of Staff, Gambari already forced the Central Bank of Nigeria to pay $350 million (about N133 billion) from the judgment debts.

It had been gathered that Malami and Gambari forced the CBN to cough up the initial $350 million from the sum, which was secretly shared between the entities, including Nwoko.

“Malami, New Nwoko and Gambari already got the money. The first one was also shared between (former Zamfara Governor Abdulaziz) Yari, who was also former NGF Chairman, and Ned Nwoko. They said the CBN Governor did not approve cash and settled for promissory notes because for the last $350 million, the CBN Governor was not paid his entitlement.

“So, these people had collected and shared an initial $350 million. It was that money Nwoko shared to ex-NGF Chairman, Yari. But his share was frozen by the Economic and Financial Crimes Commission till date.

“Nwoko then bought a jet at first and when the jet had an accident, he bought a second one and married that little girl (Regina Daniel). With the rest of the money, he purchased high rise estates in Abuja and then was broke for a while,” a top source had explained to SaharaReporters.

According to Premium Times, Fayemi had therefore, written to Gambari on March 8, 2021, stating that the NGF had noticed “that there are attempts to proceed with defraying the purported debts to some consultants who claim to have executed various services to the states in respect of the London Paris Club refunds.”

“Notable among these so-called judgment creditors are Prince Ned Nwoko (Ned Nwoko Solicitors), Prince Nicholas Ukachukwu (Riok Nigeria Limited), Dr Ted Iseghohi Edwards and Dr George Uboh (Panic Alert Security Systems PASS),” the Ekiti governor had added.

Source: Sahara Reporters

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You Need UTME To Gain Admission Into Our Academy – NDA

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The Nigerian Defence Academy (NDA) has announced that the Unified Tertiary Matriculation Examination (UTME) is a basic requirement for admission into the academy.

This was made known in a statement by Maj. Bashir Jajira, the NDA Public Relations Officer, on Saturday in Kaduna.

He said the academy had nothing to do with fake news speculating that academy suspended UTME for the incoming members of 73 Regular Course.

Part of the statement read: “The academy wishes to inform the general public that UTME is one of the basic requirements for entry into the academy.

“All interested applicants into the academy must have passed the UTME and attained an acceptable minimum national standard as determined by JAMB annual policy meeting before gaining entry into the 73 Regular Course.”

He advised the general public to ignore any information on social media purporting the suspension of JAMB exam for 73 Regular Course.

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No Oil Money Again, FG Printed N60bn To Share In March – Obaseki

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Governor Godwin Obaseki of Edo has warned that there would soon be no crude oil revenue for Nigeria to spend, adding that the federal government had to print extra N60 billion for states to share in March.

The governor made this statement on Wednesday during a meeting with the state’s Transition Committee in Benin.

Mr Obaseki noted the Nigerian economy can no longer rely on global oil prices because major oil-producing companies are now investing in alternative sectors, Channels news reported.

The governor further expressed his concern over the habitual borrowing system of the government, he explained that by the end of the year that there would be additional N16 trillion debt owed by the Nigerian government.

He mentioned that the situation may cause a collapse in the economy of the country and the value of naira because there is no way of paying back borrowed loans.

“In another year or so, where will we find this money that we go to Abuja to share every month? Last month, we got FAAC for March. The federal government printed an additional ₦50 to ₦60 billion to top-up for us to share,” he said.

“We say remove subsidy, they say no. This April, next week again, we will go to Abuja and share. By the end of this year, the total borrowing is going to be in excess of ₦15 to ₦16 trillion.

“My worry is that we will wake up one day like Argentina, the naira will be ₦1,000, ₦2,000 and will be moving because we don’t have money coming in. You are just borrowing, borrowing and borrowing without any means or idea of how to pay back.”

Speaking further, the governor explained that the people are concerned about the 2023 election while they keep blaming the president for the current state of the nation’s economy.

Also, the governor commended the effort of the Independent National Electoral Committee for adopting technology to bring a change to the voting system in the country so it will be difficult to rig election results.

“INEC itself had also begun its own process of change. They have been worried, scandalised by what happened in Kogi and Bayelsa and were trying to redeem themselves.

“So using technology, they made sure that as soon as you finish voting in the polling unit, that result was uploaded straight into a portal so they can see the pattern which makes it difficult to change results at the collation centers.’’

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JUSUN To Consider NBA’s Proposal To Call Off Strike

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The Judiciary Staff Union of Nigeria (JUSUN) has said it would table before its National Executive Committee (NEC) a proposal to reopen federal courts and courts in states that have complied with its financial autonomy demands.

JUSUN spokesman Jimoh Musa, however, warned the proposal, made by the Nigerian Bar Association (NBA), was likely to split the union, whose members are on an indefinite strike.

According to a statement by NBA Publicity Secretary Dr. Rapulu Nduka, Musa spoke during a JUSUN national officers’ visit to officially communicate the circumstances leading to the Union’s ongoing strike action, as well as to seek the NBA’s support.

JUSUN began a near-nationwide indefinite strike last Monday over the non-implementation of judicial financial autonomy.

NBA 1st Vice President, John Aikpokpo-Martins, who received the delegation, decried the failure of the State government to comply with the provisions of the 1999 Constitution and the Executive Order, No. 10 signed by President Muhammadu Buhari on May 20, 2020, to enforce the autonomy of State Judiciaries.

He reiterated the NBA’s position as contained in an April 5, 2021 statement, that the timing of the strike action was “rather inauspicious.”

Aikpokpo-Martins pleaded with the union “to consider calling off the strike for its members in the federal judiciary (since the Federal Government has complied with the constitutional provisions on Judicial autonomy), as well as in the states which have given effect to the provisions of the Constitution.”

Responding, Musa expressed JUSUN’s dissatisfaction with the NBA’s “historical apathy to the autonomy of the Judiciary which left the Union with the unfortunate option of shutting down the courts.”

He however expressed the hope that the current administration of NBA President Mr Olumide Akpata will approach things differently.

Musa also bemoaned the failure of the government to enforce its previous undertakings with the union and underscored the union’s resolve not to call off the strike, until all its demands are met.

On the proposition to call off the strike for the federal judiciary, Musa observed that such a step would be a recipe for division within the union, as solidarity was at the core of the struggle.

He, however, promised to table the proposal before the National Executive Committee (NEC) meeting for consideration. He thereafter sought the support of the NBA in charting a new course for the Judiciary towards ensuring its independence.

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