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N84bn fraud : Senator-Elect Yari Running from Corruption Investigation, Arrest says EFCC Source

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Abdulaziz Yari
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As the race for the president of the 10th Senate gathers momentum, an aspirant in the Democratic Group of the Senators-Elect, Senator-Elect Abdul-Aziz Yari, has ran to the judiciary to prevent his arrest by the Economic and Financial Crimes Commission (EFCC) and other anti-corruption agencies for corruption cases he was linked with as well as emerging money laundering investigation into his reckless spending in pursuit of his ambition.

It is to this extent that the recent injunction secured by former Governor of Zamfara State is adjudged as being capable of undermining the nation’s image on Anti-Corruption war.

Yari had secured court Injunction before Justice Donatus Okorowo of the Abuja Division of Federal High Court to prevent his re-arrest by the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offenses Commission, ICPC, as well as Directorate of State Services, DSS, from re-arresting him.

Yari is currently under investigation on N84 billion fraud involving the former Accountant- General of the Federation, Idris Ahmed which he reportedly benefited N22 billion.

In addition, Yari is under investigation by EFCC over alleged financial infractions of $56,056.75 reportedly lodged in his account with Polaris Bank; N12.9m, N11.2m, $303m, N217,388.04 and $311.8m said to be kept in different Zenith Bank accounts in the name of Yari and his companies.

Sources familiar with the investigations by EFCC stated that the ongoing investigation of the N84 billion fraud by former Accountant-General of the Federation, Ahmed Idris, in which Senator -Elect Yari was linked and previously arrested but released on bail is still pending with more information coming to light on the role of Yari and his associate, one Anthony Yaro of Finex Professional Services believed to be a front that collected N20 billion of the looted fund on behalf of Yari.

The source in EFCC who wants to remain anonymous as he is not authorized to publicly comment on the sensitive case said “with the court order that we read in the newspapers, we may need our Legal Department opinion on what to do”.

He said further that “In addition to new revelations on the massive fraud at the Accountant-General of the Federation’s Office for which some refund has been made, in the EFCC investigations of the ex-governor ofl Zamfara State, Mr. Bello Matawale, the name of Yari has also surfaced in the alleged massive looting of the resources of that poor state under his watch as governor.

We are making efforts to locate him (Yari) for further interrogation in this regard.”

In similar manner, the ICPC was about to invite Senator-Elect Yari for his role in the fraud of Paris Club Refund to governors when he was the Chairman of the Nigerian Governors’ Forum (NGF) for which about N500million and $500,000 have been forfeited to the Federal Government.

“The Senator Elect from Zamfara West is a subject of inquiry in our office. Beyond the Paris Club Refund looting, we are also investigating the disclosure that Yari spent at least $700,000 in Saudi Arabia on a trip for lesser hajj which has raised suspicion of money laundering” an ICPC source disclosed on why he may have approached the court to prevent his invitation.

Aside from running to the court to frustrate his imminent re-arrest, Yari is also reportedly planning to go underground in the coming days to prevent possible arrest for questioning days before the inauguration of the 10th National Assembly.

As if the above alleged humongous financial malfeasances were not enough troubles for the Senator-Elect who has remained defiant of the zoning arrangement for the leadership of the 10th Senate by his party, the APC, another source disclosed that the Department of the State Security (DSS) has also unearthed some information that the killings and banditry in Zamfara State may not be unconnected with the gold mining activities of Senator Yari, another source of his unexplained wealth.

Observers are keenly watching how Senator-Elect Yari will free himself from the many tangles he has walked himself into and whether the judiciary will vacate the exparte motion when the matter comes up on Thursday, 8th June, 2023 to allow the security agencies to perform their roles without let or hinderance.

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Senate Amends N/W, S/E Development Commission Acts Over MD, Chairmanship Positions

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Nigerian Senate
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**South-South Development Commission Bill Scales  Second Reading

The Senate has commenced the process to amend the Northwest and Southeast Development Commission Acts, specifically addressing the allocation of Managing Director and Chairmanship positions.
Additionally, the Senate passed the South-South Development Commission Bill for second reading, further advancing efforts to establish the commission.

Senate Leader Opeyemi Bamidele, while presenting the amendments, explained that the proposed changes to the Northwest Development Commission Act, 2024, aim to ensure fair geopolitical representation within the commission’s Governing Board. One key amendment is to prevent the appointment of both the Chairman and Managing Director from the same state in the zone, while also mandating Senate confirmation of these appointments, as required by the Nigerian Constitution.

“To uphold fairness and align with the federal character principle, it is necessary that the commission’s membership reflects other geopolitical zones, in line with the Acts governing federal commissions,” Bamidele said.

A similar rationale was provided for the proposed amendments to the Southeast Development Commission Act.

Following the second reading, Senate President Godswill Akpabio stressed the importance of the amendments, noting that they are essential for the smooth operation of the development commissions in both regions.

Meanwhile, the Senate also approved the South-South Development Commission Bill for second reading, just months after initially rejecting it. The bill, sponsored by Senator Asuquo Ekpenyong (APC, Cross River South) and supported by Senator Seriake Dickson (PDP, Bayelsa West), received overwhelming support across party lines.

During the debate, Senator Dickson clarified that the Niger Delta Development Commission (NDDC), often misconstrued as a zonal entity, is actually a resource-based commission addressing the environmental damage caused by oil exploration across several states. He noted that the NDDC serves not just the South-South, but parts of the Southeast and Southwest as well, while the proposed South-South Development Commission would be zonal.

With strong backing from the Senate, President Akpabio referred the bill to the Senate Committee on Special Duties and requested a report within one week.

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LG poll: Protest Rocks PDP Secretariat In Rivers

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There are reports that protests erupted at the Peoples Democratic Party (PDP) secretariat in Port Harcourt, Rivers State on Thursday.

Recall, local Government election has been scheduled for October 5, 2024.

According to Channels TV report, the protesters arrived in large numbers at the party’s secretariat, forced security operatives to step in to control the crowd and manage traffic congestion in the area.

Specifically, the unrest followed growing concerns over the delay in the release of the 2023 Voters’ Register by the Independent National Electoral Commission to the Rivers State Independent Electoral Commission.

Further recall that Justice Peter Lifu of the Federal High Court in Abuja, in a ruling delivered on September 30, 2024, barred INEC from releasing the voters’ register to RSIEC due to legal challenges.

Despite the court ruling, Governor Siminalayi Fubara maintained that the election would go on as planned.

Fubara expressed confidence that the Supreme Court’s earlier ruling, which mandated that all states in the federation must have democratically elected local government executives, supports his position.

 

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Constitution Review: I’m Not Working against Yoruba’s Interest – Bamidele

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Senate Leader, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Senator Opeyemi Bamidele has faulted claims that he is working against the interests of the Yoruba in the National Assembly.

Bamidele, also, said the claims “are baseless, false and unfounded,” noting that he had been dutifully serving the interests of Ekiti Central, Ekiti State, South-west and Nigeria by extension since his election into the National Assembly.

He made this clarification in a statement by his Directorate of Media and Public Affairs on Wednesday, thereby challenging any person with audio-visual and documentary evidence to come out and present such.

Some media platforms had falsely attributed a statement to the senate leader that “If we allow the regional system in Nigeria, we would have automatically given the easterners Biafra.”

Faulting the statement on Wednesday, Bamidele said he never made such a statement, which he said, was an attempt to pitch him against the Yoruba and other ethnic nationalities in the federation.

He added that he did not make any statement about the regional government in line with the 1960 and 1963 Constitution at the 27th-28th September 2024 Senate Retreat on the Review of the 1999 Constitution.

“The claim is far from the truth. I never spoke about the return to the regional government at any forum; neither did I make a claim that ‘If we allow the regional system in Nigeria, we would have automatically given the easterners Biafra.’

“It is a sheer case of misinformation and deliberate fake news, which do not in any way represent my worldview about federal governance structure,” Bamidele said.

Bamidele, however, warned that he would not hesitate to legally challenge any individual or establishment fabricating and circulating fake news against his person and office.

Currently, according to the senate leader, there is no proposal for the return to the regional government before the Senate Ad-hoc Committee on the Review of the 1999 Constitution.

He further said: “How then can I oppose the proposal that is not currently before the Constitution Review Committee? I believe this statement is politically motivated to discredit me before Nigeria as a whole.

“Already, the 10th Senate Constitution Review Committee has received 37 fresh constitution alteration bills. The Committee is also considering 16 constitution alteration bills inherited from the 9th National Assembly, making 53 alteration bills altogether.

“None of these alteration bills proposed the return to the regional federal governance structure as practised in the First Republic. Linking me to an anti-regional government is a deliberate attempt to tarnish my image. I am not working against the interest of the Yoruba. I will never do so for any reason,” he said.

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