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Amaechi denies N53b missing money

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Former Rivers State gover­nor, Chibuike Rotimi Amae­chi, has debunked the al­legation that N53 billion was missing from the state Re­serve Fund, under his administra­tion.

Amaechi had described the Jus­tice Omereji –led Panel of In­quiry, set up by Governor Ezebu­won Nyesom Wike, to probe his administration, as a last-ditch effort to blackmail him.

Amaechi, who spoke through his media office, in a statement signed by Bekee Anyalewechi, said: “The mischief is all the more evident, as the funds referred to are funds from the Rivers State Reserve Fund, which was duly approved by the Rivers State House of Assembly, and whose expenditures were duly captured and accounted for.”

The statement, howev­er, said that the ongoing mud­slinging against him was aimed at diminishing the former governor’s towering stature, as a statesman and honest Nigerian.

According to the statement also, every expenditure made of the Re­serve Funds was approved by the extant laws, adding that Amae­chi also explained the purposes for which they were used.

The statement read in part: “The attention of the media office of former Governor Chibuike Rotimi Amaechi, has been drawn to a statement cred­ited to the chairman of Mr. Nyesom Wike’s invidious panel of inquiry. The statement, credited to the panel’s chairman Justice Omereji of a miss­ing N53 billion is unfortunate and leaves much to be desired. The mis­chief is all the more evident as the funds referred to are funds from the Rivers State Reserve Fund which was duly approved by the Rivers State House of Assembly, and whose ex­penditure were duly captured and ac­counted for.”

It continued: “Ordinarily, we might not have responded to the mis­chief of Mr. Wike knowing that hav­ing failed with his various desperate tactics to stop the nomination of the Rt. Hon. Chibuike Amaechi as a min­ister, he has embarked on this last-ditch effort, which is his trump card in the hope that it will diminish the for­mer governor’s towering stature as a statesman and honest Nigerian. How­ever, in keeping with former Gover­nor Amaechi’s ethos of transparent and accountable leadership, we will again repeat the facts of the matter.

“Between 2013 and early 2015, revenue accruing to the Gov­ernment of Rivers State was cut in half due to dwindling federal alloca­tion to states. From about an aver­age of N20 billion, the state began receiving between N9 and N10 bil­lion. By the middle of the first quarter of 2015, the state revenue dipped to as low as N6 billion. Salaries alone stood at over N9 billion besides other expenses. Government had set aside, the reserve funds as a rainy day fund and had need to fall back to it to fund salaries and projects. The details of the expenditure were very clearly captured and this information, which was already in the public domain was shared with the incoming administra­tion and the Omereji panel.”

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Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]

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Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.

 

In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.

 

The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.

 

The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.

 

“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.

 

“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”

 

WATCH VIDEO HERE:

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FCMB Manager Arrested For Hoarding New Naira Notes

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A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.

 

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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage

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The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.

 

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