Tag Archives: Corruption

‘EFCC is Coming For You’ Oyo Governor Tells Ajimobi’s Family, Others

The Governor of Oyo State, Seyi Makinde has said his administration will not relent until it recovered billions of the state’s funds looted by officials of the previous administration in the state led by late Ajimobi.

Makinde made this statement while kick-starting the construction of the 21km Ajia-Airport-New Ife Expressway road, in Ajia town, said his administration was ready to put measures in place to retrieve all looted funds to develop the state’s infrastructure.

The 21km Airport-Ajia-New Ife Express road, with spur to Amuloko, was awarded to Messrs Peculiar Ultimate Concerns Ltd, at a cost of N8,520,919,776.41.

According to the governor, unlike the previous government, which, he said preoccupied itself with how to corner the state’s funds on a daily basis, his administration would drastically reduce the infrastructure deficit in the state within the shortest possible time.

He added that it was only in doing so that the state can be positioned on the path of economic growth.

Addressing the criticisms trailing the announcement of N100 billion bond issuance by the state, the governor stated that people need to understand that he is not like that heard somebody criticising his government on radio concerning the N100 billion bonds, and was of the opinion that this administration wants to put the state in debt.

He said his government isn’t like that of others (referencing to Ajimobi’s government), who for period of eight years spent in office, they were only preoccupied with how to corner N1 billion monthly into their private pockets every day they went to the office.

He added that Ajimobi used 96 months in office, that means his administration has Oyo State’s N96 billion in its care and he will retrieve every fund that belongs to Oyo people for the purpose of infrastructure development.

Makinde then asked those who can to tell those in Ajimobi’s government that the EFCC of Oyo State is coming for them.

The special adviser on media to the former governor, Bolaji Tunji said he won’t join issues with Governor Seyi Makinde because today (Thursday) makes it 40 days since the former governor was laid to rest, as such it is still a mourning period for the family.

However, Tunji said that such an attack is expected having laid bare the fallacy behind the N100 billion bond.

Buhari Orders Suspension of EFCC Secretary And 11 Magu Loyalists

President Muhammadu Buhari has ordered the suspension of the Secretary of the Economic and Financial Crimes Commission, Olanipekun Olukoyede and 11 other directors who are said to be loyalists of the embattled former EFCC Boss, Ibrahim Magu.

According to report, the order was handed down following a request by the presidential panel investigating the allegations of graft and misconduct against the former EFCC acting chairman , Ibrahim Magu .

It was learnt that the directors were asked by the Attorney General of the Federation , Abubakar Malami ( SAN ) , to proceed on suspension on Tuesday in compliance with the presidential order .

A source hinted that the panel actually requested the suspension of all the directors in the commission.

It was gathered that this is happening as some loyalists to Magu were said to have fled with some sensitive files requested by the presidential panel .

It was also said that the failure of some of the loyalists referred to as Magu boys to provide the sensitive files requested by the panel is being treated as a serious security issue.

Meanwhile , Magu on Wednesday demanded a copy of the report of the Presidential Committee on Audit of Recovered Assets and a memo by the Attorney- General of the Federation to the President in which 22 allegations were levelled against him .

The former EFCC boss in a letter to the panel chairman , Justice Ayo Salami, dated July 15 , 2020 , explained that he had not seen the allegations and petitions against him despite spending over nine days in custody.

Osinbanjo Says Finding An Anti-Corruption Crusader Will Soon Be An Issue In Nigeria

Nigeria Vice-President, Yemi Osinbanjo has said that as things is going pertaining corruption in the country it would get to a point that many people would become discouraged to stand up against corruption.

Osinbanjo who said this in his address at the 20th anniversary regional webinar organised by the Independent Corrupt Practices and other offences Commission titled “Combating corruption and illicit financial flows: New measures and strategies”, said the fight against corruption is nuanced and hydra-headed, and that it is not going to get easier by the day; as a matter of fact, it will get more difficult by the day and many will become discouraged in standing up against corruption.

However he pointed that it is the duty individuals and institutions, especially in developing countries where corruption has such a devastating effect, to ensure that fight against corruption is being prioritised and continually devise new ways and new approaches even as the hydra-headed problem itself continues to manifest in different ways.

Osinbajo said the administration of the President Muhammadu Buhari had been demonstrating the political will and support for anti-corruption measures, which, he said, had afforded all anti-corruption agencies in the country the latitude to do their work without interference.

He noted that over the years, massive public resources and assets have been directly stolen, diverted, deliberately misapplied to gratify corrupt tendencies, stashed in foreign jurisdictions or mired in and susceptible to pilferage by the inequitable and unjust international economic system that continues to undermine the social and economic development aspirations of poor countries, especially from Africa.

The VP also noted that without effectively combating corruption and IFFs and promoting international cooperation for asset recovery and asset return, Africa cannot achieve the Sustainable Development Goals 16 which is devoted to corruption.

He as well said that said breaking the wall of secret corporate ownership was crucial, especially in developing countries, because secrecy around corporate ownership was implicated in the countries’ underdevelopment.

The Vice President said the experience in Nigeria, as in other developing countries, is that anonymous corporate ownership covers a multitude of sins, including conflict of interests, corruption, tax evasion, money laundering, and even terrorism financing.

He also disclosed that Nigeria was in the process of amending its corporate law to mandate the disclosure of beneficial interest in a company’s shares and prescribe punitive measures for failure of disclosure.

Osinbanjo added that the country must make corruption expensive for those who engage in it and send the unequivocal message that corruption simply does not pay.

Breaking: Buhari’s Panel Suspends EFCC Boss

The panel set up by President Muhammadu Buhari to probe corruption allegation levelled against the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has asked the him to temporarily quit office.

Magu who was said to have spent last night in police cell at the Force Criminal Investigation Department Headquarters in Area 10, Garki, Abuja was quizzed on Monday for about six hours by a Presidential panel, chaired by a former President of the Court of Appeal, Justice Ayo Salami was suspended some hours ago according to a source in the Presidency.

The panel that suspended the EFCC boss was constituted by President Muhammadu Buhari to probe various allegations levelled against Magu following a petition by the Minister of Justice and Attorney General of the Federation, Abubakar Malami, and the Department of State Service (DSS).

Malami’s memo allegedly accused Magu of diversion of recovered loot.

The memo was said to contain 22 allegations against the embattled EFCC chairman.

However, Malami’s spokesman, Dr Umar Gwandu, said he had no knowledge of Magu’s arrest nor the suspension.

Also, when the media aide of the anti-graft boss, Tony Amokedo was contacted, he said that he is not aware of the suspension of his boss.

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