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N20bn bailout fund: Make your findings public, Kogi tells EFCC

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Gov. Yahaya Bello of Kogi State
Kogi state Governor, Yahaya Bello
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The Kogi  Government has dared the Economic and Financial Crimes Commission (EFCC) to make public,  report of its investigations on the purported N20 billion bailout fund fraud.

The EFCC in August,  alleged that the N19.3 billion Kogi bailout fund domiciled in Sterling Bank, had been partly misappropriated and the state account frozen on orders of a Lagos High Court.

The News Agency of Njgeria (NAN) recalls that the EFCC  on Friday, withdrew its suit, seeking  forfeiture of  the N20 billion bailout fund.

However, Kogi government  had  kicked against the withdrawal by the EFCC,  charging the anti-graft body to make its findings on the fund public.

In a statement, the Commissioner for Information, Mr Kingsley Fanwo, the state government said  the EFCC despite the withdrawal, should be able to provide  facts of  its investigations.

He also urged Nigerians to ask the EFCC in whose custody it found a part of the bailout fund said to have been dissipated.

Fanwo insisted that the alleged sum of N19.3 billion which Sterling Bank had undertaken to the EFCC to transfer to the Central Bank of Nigeria,  does not belong to the Kogi  government, and that the state did not enter into any agreement, either with Sterling Bank or the EFCC, to return any bailout fund to the CBN as being portrayed.

“It is our belief that the  withdrawal of the suit by the EFCC without informing the Court of the facts,  is a deliberate and face-saving effort by the commission,    all in a bid to ‘nail’ at all cost, the Kogi government and tarnish its image,” Fanwo said.

He said  the EFCC violated an earlier order of the court, as it failed to report its findings to the court, rather it unceremoniously withdrew the suit, without facts of its investigation   to the court and the public.

According to him, residents of Kogi  and indeed Nigerians at large,  should rather ask the EFCC to publish on its official platforms,  the report of its investigation as to the ownership of the said sum of N19,333,333,333.36,  and the whereabouts of the sum of N666,666,666.64, which they alleged had been dissipated.

The commissioner further said: “Nigerians should further ask the EFCC whether a commercial bank can  simply undertake to transfer a customer’s money from the customers’ account without the order of any court mandating such transfer or a forfeiture?

“Nigerians also deserve to know what becomes of the criminal allegation that the EFCC made,  when it informed the Federal High Court that the sum of N666,666,666.64  out of the N20 billion bailout loan had been dissipated and that same was being traced.

”Nigerians will  want to know if the EFCC has found the money, if so, in whose custody was it found? Have charges been preferred against the custodian of the said funds.

”Or has the EFCC also abandoned that chase? Nigerians deserve to know the truth.

“We have as of October 2019,  fully disbursed our bailout funds and are already religiously repaying the loan to Sterling Bank Plc,” he  clarified.

The government spokesman said that  concealing these inalienable facts of the matter would be  misleading and unethical.

“Finally, while we reserve all our legal rights against the EFCC, we reiterate our demand for an unreserved apology from the EFCC as contained in our letter to the Chairman of the EFCC on  Sept. 6.

“We hope the EFCC will honour the said demand to regain the trust of Nigerians,” Fanwo said.

He disclosed that the Kogi  government had, as revealed in freshly published documents, sought further clarifications from Sterling Bank to drive home its innocence in the matter.

The commissioner said:  “Buoyed by the strength of our innocence, the Kogi  government on Oct. 4, wrote to Sterling Bank, seeking further clarifications on the contentious account. The Bank did not only reinforce their earlier stance that the account is a Mirror Account; it also made it unequivocally clear that the Kogi  government has nothing to do with the opening or operation of the account.

“All of these facts are in their reply received by the Kogi  government on Oct. 5.

‘”The state government again urges  the  commission to tender public apology to it  and refrain from  measures that can  further damage the image of the nation,”  Fanwo said. (NAN)

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How Tracking Helped ICPC Recover N2.06bn From Kaduna Projects

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The tracking of 31 constituency and executive projects across the three senatorial districts of Kaduna State, has enabled the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to recover N2.056 billion.

The projects, valued at about N2 billion, were monitored under the commission’s Constituency and Executive Project Tracking Initiative, which aims to ensure that public funds allocated to development projects are properly utilised and that projects are executed in line with approved specifications.

The exercise was coordinated by Chief Superintendent Haruna Aminu, who was among the commission’s officers monitoring the selected projects across the Kaduna South, Kaduna North, and Kaduna Central Senatorial Districts.

The officers visited selected project sites to assess their level of execution, determine whether they represented value for money and verify compliance with approved project specifications.

The commission also examined the utilisation of funds allocated to the projects as part of efforts to promote transparency and accountability in the implementation of government-funded projects.

The recovery of N2,056,467,766.86, representing Two Billion, Fifty-Six Million, Four Hundred and Sixty-Seven Thousand, Seven Hundred and Sixty-Six Naira, Eighty-Six Kobo, according to the ICPC, was facilitated by the monitoring exercise.

This feat, the commission maintained, gives highlights the importance of sustained monitoring of constituency and executive projects to protect public resources and ensure that government interventions deliver the intended benefits to citizens.

The ICPC’s project tracking initiative is designed to promote transparency, accountability and value for money in the implementation of government-funded projects, while deterring the diversion and misuse of public resources.

The recovery of the funds is therefore considered a significant outcome of the Kaduna State exercise, demonstrating the role of effective oversight in safeguarding government funds and ensuring proper implementation of public projects.

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New Zealand Moves to Ban Social Media for Under-16s

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New Zealand’s government has introduced legislation to ban children under 16 from using social media, joining a growing international push to shield young people from harmful online content and the risks associated with excessive social media use.

Prime Minister Christopher Luxon said the proposed law was necessary to protect a generation of children from what he described as the growing harms of social media, including addictive technology, harmful content and online pressures.
“We simply cannot accept the harm being done to a generation of New Zealand children,” Luxon said.

The prime minister said one in three New Zealand children aged between 13 and 17 now spends at least five hours a day on social media. He said excessive use was affecting young people’s family life, mental health, sleep and education.

Under the proposed legislation, major platforms including Instagram, TikTok, Snapchat and Facebook would be required to take “reasonable steps” to ensure their users are at least 16 years old.

Platforms could use existing account information, facial age-estimation technology, digital identity services and formal identification documents to verify users’ ages.
Companies would also be required to assess the risks their platforms pose to children and report on measures taken to reduce those risks.

Firms that fail to comply could face penalties of up to 10 per cent of their global revenue.

Education Minister Erica Stanford said the bill would place clear legal obligations on social media companies, while children and their parents or caregivers would not face penalties.
However, the legislation faces significant political hurdles. The government’s coalition partners, the libertarian ACT Party and populist NZ First, have expressed opposition to the proposal.

NZ First criticised Australia’s experience with a similar ban, describing the legislation there as a “colossal failure.” ACT has also argued that the proposed restrictions would not work and that teenagers could easily find ways around them.

The main opposition Labour Party has yet to decide whether to support the bill. It has submitted dozens of questions concerning issues including how age verification would operate and which platforms would be covered.
“We take this legislation very seriously,” Labour spokesman Reuben Davidson said, warning that the safety of young people in Aotearoa New Zealand was at stake as they faced increasingly complex online risks.

New Zealand’s proposal follows Australia’s landmark social media restrictions, which came into effect in December 2025 and barred under-16s from platforms including Facebook, Instagram and TikTok. The Australian measures were introduced to tackle problems such as online bullying and exposure to “predatory algorithms.”
However, a peer-reviewed study by Australia-based researchers published in June found little evidence that teenagers had significantly reduced their use of social media following the ban.

New Zealand’s proposed legislation will therefore face close scrutiny over whether age restrictions can be effectively enforced and whether they can deliver the intended protections for young people without simply driving teenagers toward alternative ways of accessing social media.

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The Medical Doctor Who Sold Sand, Owns 6 Aircrafts and is Building a Billion-dollar Refinery in Bayelsa State

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The Medical Doctor Who Sold Sand, Owns 6 Aircrafts and is Building a Billion-dollar Refinery in Bayelsa State

The story of Dr Eruani Azibapu Godbless, a trained medical doctor- turned businessman, a graduate of the University of Port-Harcourt, is both interesting and inspiring.

After graduating from the medical school, he worked in the private and public sectors.

In the course of his medical practice, he demonstrated a high degree of commitment to his work which helped him to get multiple promotions before he was called upon to serve as the Honorable Commissioner for Health in Bayelsa State.

In the course of this political appointment, he also got appointed as a Special Adviser to President Goodluck Jonathan, then the governor of Bayelsa State.

While growing up, Dame Patience Jonathan (Former First Lady) connected Dr Eruani to Alhaji Aliko Dangote and The Dantatas.

Even though the entrepreneurial spirit was always there, connecting with like minds helped to fan that flame the more.

The entrepreneur in him triggered his looking around the whole of Bayelsa without seeing any sand supplier.

Consequently, Dr Eruani chose selling sand in the State to fill the gap. He did so at a commercial scale by introducing the mechanized approach.

He pulled his resources together and launched a dredging company, Azikel Dredging.

It was from this dredging company (selling of sand) that he made his first ₦1 billion ever.

That ₦1 billion revenue from sand business proved that the concept was right.

Using the proceeds from selling sand, he bought his first helicopter and private jet, and expanded to other businesses.

Today, he has diversified into aviation, power generation and recently, petroleum.

Today, work is on top gear at his $1 billion Azikel Refinery investment and it will be commissioned soon. When in full operation, it will be delivering 25,000 barrels per day.

There are some lessons to learn from Dr Eruani Azibapu Godbless, .

First of all is that, no business is really too small or beneath your standard if you are a big thinker.

Ordinarily, many would expect that a medical doctor at his level going into business will start by building a hospital.

That may have been the disappointment of his former colleagues. Many probably expected when they heard that he left active medical practice that he had started a big hospital instead of selling sand in Bayelsa State. Others would expect he had rather joined them to japa, get a better job or build a new hospital.

But he understood alone “why” creating jobs and wealth for other people is so that they can live healthier lives.

Every business is as big as the mindset and the vision of the person who’s operating it.

Using the revenue made selling sand, he bought his first helicopter and private jet. Today, he has 3 helicopters and 3 private jets (short and ultra-long ranges).

Secondly, associating with people who can inspire you is important. Who you associate with can influence your life in more ways than you can imagine.

It is better to be alone than to be in the wrong company. Being alone doesn’t mean you are lonely.

Mrs Patience Jonathan’s facilitating Dr Eruani to connect with Alhaji Aliko Dangote and The Dantatas many years ago, while they were much younger, became vital in his entrepreneurial quests.

According to the Former First Lady, Dr Eruani was the youngest among them in their clique. She asked him to follow Alhaji Aliko Dangote closely and he did.

Even though contestable, it’s important to note that entrepreneurial excellence is a culture-based thing. You can pick up a lot about why someone is wealthy or poor by looking at their way of life (which is culture).

In addition, it’s necessary to venture into any business only when you believe in it or understand it in and out.

That explains why even though Dr Eruani, Alhaji Aliko Dangote and many others have not come from petroleum engineering background but because of strong conviction, they are doing well in it.

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