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How Diezani Laundered $115m through Fidelity Bank, Gave Belgore, Sulaiman N450m…Bank Officials…

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Mr Timothy Olaobaju, an official of Fidelity Bank Plc has narrated how  former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke deposited a sum of $115,010,000 in the bank with subsequent instruction to change it into naira and distribute it among individuals in the 36 states of the federation.

Among the beneficiaries, Olaobaju said, were a Senior Advocate of Nigeria, Mr Dele Belgore; and a former Minister of National Planning, Prof. Abubakar Sulaiman, who both received N450m.

Olaobaju said this on Monday when he appeared as a prosecution witness before Justice Rilwan Aikawa of the Federal High Court in Lagos where Belgore and Sulaiman are being tried for alleged money laundering involving N450m.

The Economic and Financial Crimes Commission charged Belgore and Sulaiman with five counts.

Charged along with the SAN and the ex-minister is Diezani, who is said to “still be at large.”

The EFCC had earlier arraigned Belgore and Sulaiman on February 8, 2017, but they were re-arraigned on Monday on an amended charge which included the name of Diezani.

Upon their re-arraignment on Monday, Belgore and Sulaiman pleaded not guilty to the five charges just as they had earlier done.

Trial commenced immediately after the defendants’ plea with the EFCC calling Olaobaju as its first witness.

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Led in evidence by the EFCC prosecutor, Mr Rotimi Oyedepo, the witness narrated, “Sometime in April 2014, our MD, Mr Nnamdi Okonkwo, gave a directive that certain companies and individuals would pay into an account with our bank some amounts of money. The purpose of the payment was not disclosed.

“Over the period, thereafter, some amounts were paid into the account. The funds were deposited in dollar. The total sum was $115,010,000.

“On the 27th of March, 2015, there was an instruction from the former Petroleum Resources Minister, Diezani Alison-Madueke, through our MD, that the fund in the account should be converted to naira and paid to certain individuals of which the list of beneficiaries was sent to our MD and the amount to be paid to them in naira.

“The funds were paid according to Alison-Madueke’s instructions.

“On the list sent to our branch, the names of the defendants (Belgore and Sulaiman) were on that list because the money was paid in about 36 states of the federation.

“The defendants are not customers of our bank.

“The instruction was that the sum of N450m should be paid to Mr Dele Belgore (SAN) and Prof. Abubakar Suleiman.

“They both received the money and they filled the Receipt of Payment as evidence of receipt of the money and acknowledgement of same.”

The witness said Belgore and Sulaiman signed separate Receipts of Payment for the same N450m on March 26, 2015.

The court admitted both Receipts of Payment in evidence and marked them as Exhibits 1 and 1A.

Asked by the prosecutor whether any cheque was issued in favour of Belgore and Sulaiman in respect of the fund, the witness answered in the negative.

Asked whether the N450m was credited into any account, the witness said, “To my knowledge, the N450m was not credited into any account.”

For the cross-examination of the witness, Belgore’s lawyer, Chief Ebun Shofunde (SAN), asked for an adjournment, as he said most of what the witness said on Monday were not in the proof of evidence front-loaded and served on the defence counsel.

Sulaiman’s lawyer, Mr Olatunji Ayanlaja (SAN), aligned himself with Shofunde.

The prosecutor said he would grudgingly concede to an adjournment till Tuesday in view of his respect for the defence counsel.

Justice Aikawa, consequently, adjourned the matter till Tuesday for further proceedings.

In the charges, Sulaiman, a professor of Political Science and International Relations at the University of Abuja, and Belgore, a former governorship aspirant in Kwara State, were accused of conspiring between themselves to commit the offence on March 27, 2015.

The duo were accused of making a cash transaction of N450m on March 27, 2015, without going through any financial institution.

The EFCC claimed that the defendants paid N50m to one Sheriff Shagaya.

The EFCC said the cash sum was above the lawful threshold permitted by the Money Laundering (Prohibition) Act.

The EFCC claimed that the defendants “ought to have reasonably known that the N450m formed part of proceeds of an unlawful act.”

Belogore and Sulaiman were accused of violating sections 1(a), 16(d), 15(2)(d) and18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012.

The prosecution said they are liable to be punished under sections 15(3)(4), and 16(2)(b) of the same Act.

Justice Aikawa had earlier granted them bail on self-recognisance.

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Illegal buildings: Lagos is victim of its own development – Tokunbo Wahab

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The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab said the recent crackdown and demolition of illegal structures across Lagos State was an indication that the state is a victim of its own development.

Wahab stated this in an interview with Arise Television on Sunday.

He said the government of Lagos State is not battering its citizens but is rather just a victim of its own development, and as such, everybody coming into the state has got to come in and be responsible and be able to be accounted for.

“The truth is that no matter what the government does, there is a state of mistrust between them and the citizens globally. It is a global thing. My response to this is we are not battering them. You can’t say you are under the bridge and you want us to account for you. It is not habitable at all. It is not about battering people that are under privileged, we can’t do that. But it is about taking ownership. Lagos is just a victim of its own development.”

Speaking on the incident that led to the recent demolition of the illegal under bridge structure at Dolphin Estate Ikoyi, the commissioner said a whistleblower alerted authorities about suspicious activities under the bridge and following the tip-off, investigations uncovered a network facilitating illegal tenancy arrangements, with individuals, including women and young people, being exploited.

“The past few weeks and months, the state made a policy that we shall reclaim all our ungoverned spaces and we started out with Ijora under bridge, under national theatre, from there we went to Apongbon, Obalende, then a whistleblower called our attention last week Wednesday, he said he was jogging and heard voices under the bridge. He didn’t even stop, he slowed down and peeped in, took a video and sent it to my social media handle.

“Right there and then, I had to inform the governor that something was happening there and that we had to go, and he approved and the rest they say is history. What is not history is the fact that we have declared the ringleader wanted because somebody somewhere has been collecting rent and giving out spaces to individuals, women, young people and we have said to him that the long hand of the law shall surely catch up with him, no matter how long it takes us.”

He said efforts are underway to repurpose these spaces for beneficial use.

“We are also trying to put these spaces to functional usage. We have an agency called Glass pack. The role of that agency is to put these ungoverned spaces to proper usage to citizens.

“The one at Ijora, a design has been approved and it’s a CSR by a Lagosian who believes we can turn it to a football pitch and have some other games in there. Obalende has been taken up by one of the biggest telecoms companies in the country, MTN and the design is already in the works. Same thing we are going to do for Apongbon and the Dolphin area.

“So, what we are saying to the citizens is, don’t be vulnerable, no matter how desperate you are. If you have the means to pay two hundred and fifty thousand naira for a small space under the bridge, you don’t have to be in Ikoyi, you can go and live outside the Island or where you can pay for rent for a decent accommodation.

“We were even there yesterday and it was very emotional. We saw three young kids and I spoke to my colleague in the ministry of youth and social development and I said to him to take them to our homes and I will be personally responsible for them from now till they are able to go to the University and graduate and that for me is the path and way to go as a State.

“We are profiling each one of the tenants. I am not the one that will perform that duty. The agency under which they were arrested is profiling them. With the profiling they are going to remove those that were just there and then take the criminal elements or suspects to court on Monday.”

Wahab said several notices were served prior to the demolition as well as engagements with major stakeholders.

“I don’t demolish properties; I remove contraventions on the right of way of the drainage system or the canal and with respect to Mende…in 2021, my predecessor in office served them a notice and they had engagements that ran into months and years.

“In November 2023, we called a stakeholders meeting, we served notices before then and even marked buildings on the right of way and they came to my office and we had a meeting, played the video and they did admit that they were on the right of way but however pleaded that we reduce the right of way.

“On the issue of notices, they have been served enough notices. We served in 2021, renewed again in 2023, that is about six months ago. In my first life, I was a lawyer and notices are the first of every activity and we have served them and I am sure of that.

“If they have a genuine claim, they have a means to ventilate that claim and that is the court of law. The executives have done what they believe is overriding public interest.”

On government plans to curb reemergence of illegal structures in the future, he called on citizens to collaborate by reporting illegal activities, emphasising that the collaboration will aid the government in being accountable for the people.

“We have ramped up the capacities of our enforcement units, so they have to start pinning down officers in every area where we have ungoverned spaces and then we are relying on the citizens to take ownership and trust the government to do the right thing in the sense that when you whistle blow, the government will take steps of actions.

“With respect to those people who have no business to be where they are staying, what we are trying to push back in Lagos here is for us to be able to account for everyone that is in this space. For the sake of the generality of our citizens, if you come in and you are staying under the bridge, how do we plan for your education, for your health and for our own infrastructure to take care of you. If you are under the bridge, nobody can make plans for you.”

 

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Illegal buildings: Lagos is victim of its own development – Tokunbo Wahab

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The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab said the recent crackdown and demolition of illegal structures across Lagos State was an indication that the state is a victim of its own development.

Wahab stated this in an interview with Arise Television on Sunday.

He said the government of Lagos State is not battering its citizens but is rather just a victim of its own development, and as such, everybody coming into the state has got to come in and be responsible and be able to be accounted for.

“The truth is that no matter what the government does, there is a state of mistrust between them and the citizens globally. It is a global thing. My response to this is we are not battering them. You can’t say you are under the bridge and you want us to account for you. It is not habitable at all. It is not about battering people that are under privileged, we can’t do that. But it is about taking ownership. Lagos is just a victim of its own development.”

Speaking on the incident that led to the recent demolition of the illegal under bridge structure at Dolphin Estate Ikoyi, the commissioner said a whistleblower alerted authorities about suspicious activities under the bridge and following the tip-off, investigations uncovered a network facilitating illegal tenancy arrangements, with individuals, including women and young people, being exploited.

“The past few weeks and months, the state made a policy that we shall reclaim all our ungoverned spaces and we started out with Ijora under bridge, under national theatre, from there we went to Apongbon, Obalende, then a whistleblower called our attention last week Wednesday, he said he was jogging and heard voices under the bridge. He didn’t even stop, he slowed down and peeped in, took a video and sent it to my social media handle.

“Right there and then, I had to inform the governor that something was happening there and that we had to go, and he approved and the rest they say is history. What is not history is the fact that we have declared the ringleader wanted because somebody somewhere has been collecting rent and giving out spaces to individuals, women, young people and we have said to him that the long hand of the law shall surely catch up with him, no matter how long it takes us.”

He said efforts are underway to repurpose these spaces for beneficial use.

“We are also trying to put these spaces to functional usage. We have an agency called Glass pack. The role of that agency is to put these ungoverned spaces to proper usage to citizens.

“The one at Ijora, a design has been approved and it’s a CSR by a Lagosian who believes we can turn it to a football pitch and have some other games in there. Obalende has been taken up by one of the biggest telecoms companies in the country, MTN and the design is already in the works. Same thing we are going to do for Apongbon and the Dolphin area.

“So, what we are saying to the citizens is, don’t be vulnerable, no matter how desperate you are. If you have the means to pay two hundred and fifty thousand naira for a small space under the bridge, you don’t have to be in Ikoyi, you can go and live outside the Island or where you can pay for rent for a decent accommodation.

“We were even there yesterday and it was very emotional. We saw three young kids and I spoke to my colleague in the ministry of youth and social development and I said to him to take them to our homes and I will be personally responsible for them from now till they are able to go to the University and graduate and that for me is the path and way to go as a State.

“We are profiling each one of the tenants. I am not the one that will perform that duty. The agency under which they were arrested is profiling them. With the profiling they are going to remove those that were just there and then take the criminal elements or suspects to court on Monday.”

Wahab said several notices were served prior to the demolition as well as engagements with major stakeholders.

“I don’t demolish properties; I remove contraventions on the right of way of the drainage system or the canal and with respect to Mende…in 2021, my predecessor in office served them a notice and they had engagements that ran into months and years.

“In November 2023, we called a stakeholders meeting, we served notices before then and even marked buildings on the right of way and they came to my office and we had a meeting, played the video and they did admit that they were on the right of way but however pleaded that we reduce the right of way.

“On the issue of notices, they have been served enough notices. We served in 2021, renewed again in 2023, that is about six months ago. In my first life, I was a lawyer and notices are the first of every activity and we have served them and I am sure of that.

“If they have a genuine claim, they have a means to ventilate that claim and that is the court of law. The executives have done what they believe is overriding public interest.”

On government plans to curb reemergence of illegal structures in the future, he called on citizens to collaborate by reporting illegal activities, emphasising that the collaboration will aid the government in being accountable for the people.

“We have ramped up the capacities of our enforcement units, so they have to start pinning down officers in every area where we have ungoverned spaces and then we are relying on the citizens to take ownership and trust the government to do the right thing in the sense that when you whistle blow, the government will take steps of actions.

“With respect to those people who have no business to be where they are staying, what we are trying to push back in Lagos here is for us to be able to account for everyone that is in this space. For the sake of the generality of our citizens, if you come in and you are staying under the bridge, how do we plan for your education, for your health and for our own infrastructure to take care of you. If you are under the bridge, nobody can make plans for you.”

 

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80% of Lekki buildings have no approval, says LASG….

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Lagos State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, stated that 80 per cent of buildings in Ibeju Lekki have no approval.

He disclosed this in a recent interview with newsmen.

He said, “Just last week Thursday and Friday, myself and the team were in the Ibeju Lekki and Epe axis and you would agree with me that anybody passing through that corridor would see a lot of estates marked. We went there, and I can tell you that from what we saw, over 80 per cent of them do not have approval.

“The procedure to get approval is first to get the planning information, as to what those areas have been zoned for. In this case, what we have is agricultural land, and people now go to their families to buy agricultural land. Of course, those lands would be sold because those families do not know the use such land would be put to.

“The next thing to do is the fence permit. If you missed the earlier information on not knowing the area zoning, at the point of getting the fence permit, you would be able to detect what the area is zoned for. After that, the layout permits a large expense of land follows.”

Olumide noted that a layout permit cannot be obtained if it is not zoned for the purpose it was designed for or for the purpose it was being requested.

“So, you can see all these layers, but people still go ahead to start advertising. Some have even gone to the extent of displaying the sizes they want to sell. Imagine someone in the diaspora who wants to send money without any knowledge. Then, no approval is eventually gotten. Even if they pass the assignment and the survey to them, we would not grant the individual permit, because that area is not zoned for that purpose,” the commissioner explained.

In the same vein, the Chief Executive Officer of Octo5 Holdings, Jide Odusolu, said Lekki Peninsula’s masterplan got distorted post-2010 due to rapid development, with newer estates sidestepping old regulations.

He said, “The Lekki peninsula had a master plan which was originally launched when Bola Tinubu was the governor and updated under Babatunde Fashola. Almost all large estates along the Lekki corridor, especially those developed between 2000-2008, have approved layout plans. It was obligatory and rigidly enforced by the state government.

“However, starting in 2010, the plans became distorted with accelerated development, and many of the smaller schemes that sprung up deliberately sought to avoid the large infrastructure burdens carried by the legacy era developments.

“I am sure investigations with developers such as UPDC (Pinnock Beach), Trojan Estate, Aircom (Northern Foreshore), Cityscape (Buenavista), Howard Roarks (Lake View) and Octo5 (Ocean Bay) will reveal how they all spent huge sums providing infrastructure with zero support from the government while still paying punitive taxes.”

According to Odusolu, the government weaponised planning and titling for internally generated revenue, and that disincentivises compliance, leading to chaotic development.

Meanwhile, the Managing Director of Fame at Oyster & Co. Nigeria, Femi Oyedele, said most of the estates had layout plans that were not coordinated to form a planned city.

He noted that the communities that were not planned were the historic settlements that the government excised in the scheme.

“To do Lekki better, those estates which have been approved on the west and east arterial roads, which go down to Awoyaya on the east side and to Akodo on the west side of Lekki-Epe Expressway, must be demolished to make way for the planned roads.

“The kind of restoration done to Abuja by Nasir El’Rufai must be done in Lekki. Lekki Peninsular and Victoria Island have a population of over 3 million people. Glasgow has a population of less than 2 million people with twice the roads of Lekki Peninsula,” he enunciated.

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