Connect with us

News

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

Published

on

Abdulaziz Yari
Share

 

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Constituency Projects: Oyebanji Joins Senate Leader On Tour Of Project Sites in Ekiti

Published

on

Ekiti State Governor, Biodun Oyebanji and Senate Leader, Sen. Michael Opeyemi Bamidele
Share

 

Ekiti State Governor, Biodun Oyebanji has commended the members of the State Caucus in the National Assembly for their dedication to the advancement of development in the State.

The Governor praised their efforts in initiating constituency projects that directly tackle pressing needs and improve the lives of citizens.

Oyebanji gave the commendation in Ado-Ekiti, the State Capital on Tuesday when he joined the Senator representing Ekiti Central Senatorial District and Leader of the Senate, Senator Michael Opeyemi Bamidele, on a tour of his constituency projects spanning various local government areas within the senatorial district.

The Governor said he is delighted at the remarkable partnership between the state government and National Assembly members, which according to him is now yielding positive results for the people of the state.

He explained that the projects are testimonials to what is possible when there is unity of purpose between the Executive and the legislative arms of government, commending Senator Bamidele’s commitment to grassroots development, dedication to service, and relentless pursuit of initiatives that directly impact the people.

While expressing his gratitude to Senator Bamidele, the Governor lauded the Senate Leader’s proactive approach to governance and his ability to mobilize resources to effectively implement impactful projects that uplift the socio-economic status of the people.

Governor Oyebanji reiterated his administration’s support for the projects and pledged continued collaboration with National Assembly members to advance sustainable development in the state, adding that he was confident that with the Senator’s visionary leadership and collective efforts of all stakeholders, Ekiti would continue to experience greater strides in development and prosperity.

“I am excited, happy and extremely grateful to God for this partnership that is working in the interest of Ekiti people, like the Senate Leader said, this is what we have when there is unity of purpose and collective ownership of vision to develop the state. A vision to run with the Renewed Hope Agenda of Mr President, and this tells me that I need to dig deeper in ensuring that there is continuous unity among the stakeholders in the National Assembly, “ the Governor said.

Earlier in his remarks, Senator Bamidele who thanked the Governor for his support and cooperation in realizing various development projects, said the purpose of the inspection is to assess the progress and impact of the projects across his constituency.

The Senate Leader, while emphasizing the significance of teamwork between the executive and legislative arms in driving positive change and progress in the state, restated his commitment to representing the interests of Ekiti people and working closely with the state government to address the people’s needs.

Senator Bamidele attributed various development projects in the state to purposeful and exemplary leadership provided by the Governor and assured the people that he would continue to work tirelessly to ensure the advancement of the interests of the people and promote development within the state.

“Part of the reason why this is going on is because am at peace with myself, am at peace with the state government and I don’t have any reason to want to isolate myself from what the state government is doing and we thank God Almighty”. He asserted.

Projects inspected included EKSU internal roads and the newly built medical student’s hostels, the newly built state Library in Ado Ekiti, the Mini stadium and sports complex in Erijiyan Ekiti, Intensive Care Unit and Amenities Center at Aramoko General Hospital, Ijero township road, newly built Iyin Ekiti General Hospital Intensive care Unit and Amenities Center, Iyin – Ilawe road, among others.

 

Continue Reading

News

Infrastructure: FG Approves Dualisation of Ado-Ikare Road – Bamidele

Published

on

Senate Leader, Senator Michael Opeyemi Bamidele
Share

After three decades of outright neglect, the Leader of the Senate, Senator Opeyemi Bamidele has revealed that the federal government has approved the dualistion of Ado-Ekiti-Ikere-Akoko road, a 31-kilometre highway that connects Ekiti State to Federal Capital Territory through Ondo, Edo and Kogi States.

The highway, according to the senate leader, was equally captured in the 2024 Appropriation Act purely enacted to implement strategic infrastructure projects that will create limitless opportunities for Nigerians across 36 states of the federation.

He spoke about the road reconstruction during a feedback session with one of the country’s foremost legal icons and Chancellor of Afe Babalola University, Ado-Ekiti (ABUAD), Chief Afe Babalola on Monday.

The Ado-Ekiti-Ikere-Akoko, one of the 12 federal roads connecting Ekiti State to Kogi, Kwara, Ondo and Osun States, has suffered neglect even before democratic transition in 1999.

With Bamidele’s intervention, however, President Bola Ahmed Tinubu approved the dualisation of the road considering its strategic significance to Ekiti and other states directly and indirectly bordering it.

Other federal roads that connect Ekiti to Kogi, Kwara, Ondo and Osun are still deplorable and dilapidated, seriously begging for the attention of the federal and state governments.

Among others, the roads include Ifaki-Otun road, Ifaki-Ilasa-Omuo road, Ado-Ikere road, Ado-Ijan-Ikare road, Ado-Iyin-Aramoko road, Aramoko-Efon-Ijebu Jesa road, Efon-Iwaraja and Otun-Erinmope-Odo Owa road.

At the session on Monday, Bamidele revealed that the dualisation of the Ado-Ekiti-Ikare-Akoko road was captured in the 2024 Appropriation Act and its reconstruction would commence before the end of this financial year.

He explained that the reason for the dualisation of the road “is due to the volume of traffic on this inter-state highway that connects Ekiti to Abuja through Ondo, Edo and Kogi States. It is a decision taken by President Bola Ahmed Tinubu.

“Aside, it is not only that the road was captured in the 2024 Appropriation Act. The Honourable Minister of Works, Senator David Umahi has identified it to the management and staff of the Federal Ministry of Works as a priority federal road, whose reconstruction must take off this fiscal year.

“The federal government has already commenced the design of the road because what was decided was that the road should be dualised from Ejigbo in Ado Ekiti up till 31 kilometres to Ikare Akoko. We will continue from there as a single lane.

“The reason for dualisation is due to the volume of traffic on this corridor. When fully executed, the road will stand the test of time. This was a decision taken not just by the minister, but also by the president, who has tremendous respect for you.”

Bamidele, also, recounted how thousands of students of the Federal Polytechnic, Ado Ekiti trooped out on Monday to protest the deplorable condition of the Ado-Ekiti-Ikare-Akoko road.
Sadly enough, according to the senate leader, the protesting students did not know the federal government had already awarded the contract to dualise the 31-kilometre road.

In his response, Babalola expressed delight about the dualisation of the Ado-Ekiti-Ikare-Akoko road, noting that the news of its reconstruction was the news of the year to him.

He said the news about the dualisation of the primary road directly connecting ABUAD with other parts of the federation “is the news of the year to me in particular and Ekiti people in general.”

Babalola also spoke about the state of Ekiti Airport, lamenting how the airport was inaugurated before former Ekiti State Governor, Dr. Kayode Fayemi completed his second term.

Since the inauguration of the airport project, however, the legal icon observed that no plane had land there due to the failure of Fayemi’s administration to complete the project.

He said: “I am currently financing the completion of the abandoned airport. The airport was inaugurated, but no plane can land there. I am currently financing the airport project to make it functional.”

He, therefore, urged the senate leader to support Ekiti State Governor, Mr. Biodun Oyebanji, noting that both of them “are absolutely committed to the development of Ekiti State.”

 

Continue Reading

News

FEC Approves N75bn Nigerian Youth Investment Fund Restructuring

Published

on

President Bola Tinubu
President Bola Ahmed Tinubu
Share

The Federal Executive Council (FEC) has approved restructuring the Nigerian Youth Investment Fund with additional provisions for it.

This was revealed by the minister of youth development, Jemila Bio Ibrahim after a meeting of the council at the Presidential Villa, Abuja on Wednesday.

She said the N75 billion fund, which was originally established in 2020, will now be institutionalized.

According to her, it will receive N25 billion from the 2024 supplementary appropriation while the central bank of Nigeria will release additional N60 billion to it.

She said: “Secondly, the Nigerian Youth Investment Fund, initially established in 2020, has been restructured and institutionalized through a legal framework.

“The fund, initially set at ₦75 billion, will now receive ₦25 billion from the 2023 Supplementary Appropriation Act and an additional ₦25 billion from the 2024 Appropriation Act. Additionally, ₦60 billion will be released from the Central Bank of Nigeria’s SME Investment Fund, focusing on agricultural investments. “These measures aim to support young businesses and stimulate economic growth.”

Jamila also said that FEC approved the institutionalization of a 2% youth quota in all government appointments and women representation of 30%.

“I’m delighted to brief the gentleman and women of the press that we have received Council’s approval to institutionalize a 2% youth quota, a third percent representation of young people in all government appointments and an equitable young women representation inclusive of this 30%,” she said.

According to her, it will go a long way in addressing “the long marginalization and exclusion of young people in decision making, and will also go a long way to encourage young people to participate in decision making processes and in civic engagements.”

 

 

Continue Reading