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Eyes on drivers’ seats as 16 senators battle to claim governorship crowns

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SUNDAY ABORISADE examines the large numbers of senators who are eyeing the governorship seats in their respective states and the likely issues this may throw up

Gone are those days that the Senate was considered as the retirement abode and safe haven for former ministers, governors, retired captains of industries and top civil servants; at the moment, the red chamber has become a platform where governors are made.

There are quite a number of senators, who are currently serving as governors, just as there is a considerable figure of former governors enjoying their retirement at the upper legislative chamber.

Some of the former governors in the 9th Senate are: Orji Uzor Kalu (Abia North), Theodore Orji (Abia Central), Gabriel Suswan (Benue North East), Kashim Shettima (Borno Central), Sam Egwu (Ebonyi North) and Chimaroke Nnamani (Enugu East).

Others are: Danjuma Goje (Gombe Central), Rochas Okorocha (Imo North), Ibrahim Shekarau (Kano Central), Ibrahim Gaya (Kano South), Muhammad Aliero (Kebbi South), Tanko Al-Makura (Nasarawa North) and Abdullahi Adamu (Nasarawa West).

The list also includes Ibikunle Amosun (Ogun Central), Aliyu Wamakko (Sokoto North) and Ibrahim Gaidam (Yobe East).

Meanwhile, 16 serving senators are warming up to become governors of their respective states, starting from the November 26, 2021 Anambra governorship election.

Senator Ifeanyi Ubah (Anambra South) and Senator Uche Ekwunife (Anambra Central) have perfected necessary arrangements to contest their parties’ primary elections, preparatory to the main election.

While Ubah will contest the poll on the ticket of the Young People’s Party, Ekwunife is planning to fly the banner of the Peoples Democratic Party.

Investigations by our correspondent revealed that other serving senators had started perfecting strategies to contest the governorship seats in their respective states.

One of them, according to findings, is the current Minority Leader of the Senate, Senator Enyinnaya Abaribe (Abia South), who was a deputy governor of Abia State before coming to the red chamber.

Abaribe is an experienced politician, who has done everything necessary to win the party’s ticket, according to one of his close aides.

The aide, who preferred anonymity because he did not have the mandate of his boss to speak on the issue, said the 66-year-old Abaribe “has perfected strategies to contest the 2023 governorship election in his seat.”

He said the senator was currently oiling his political machinery to kick-start his campaign to take over from Governor Okezie Ikpeazu.

Another former deputy governor, Senator Biodun Olujimi (Ekiti South), is also said to be in the race in her state next year.

Olujimi was deputy to former governor Ayo Fayose in his first time in office. She later contested the Senate seat in the 8th National Assembly and later emerged as the Senate minority leader.

Ibrahim Gobir (Sokoto East) is also a major contender for the Sokoto State governorship election in 2023.

Our correspondent learnt that he had set up a formidable team and strong machinery in motion to actualise his dream.

This is his second time in the Senate as he contested the seat of the Sokoto East Senatorial District on the platform of the All Progressives Congress in 2015.

A three-time Deputy President of the Senate, Ike Ekweremadu, is also said to be eyeing the Enugu Government House in 2023.

One of the senator’s aide confided in our correspondent on condition of anonymity that the lawyer was seriously warming up to take over from Senator Ifeanyi Ugwuanyi.

Another governorship hopeful in the Senate is the Deputy Minority Leader, Emmanuel Bwacha.

He represents the Taraba South Senatorial District and he is a ranking member of the Senate, having been in the upper chamber since 2011.

The incumbent Deputy Senate President, Ovie Omo-Agege, 57, who represents the Delta Central Senatorial District at the red chamber, is also said to be doing everything possible to contest the governorship election in his state come 2023.

Omo-Agege will, however, have to slug it out with Senator James Manager, who is representing Delta South, and who has been in the Senate since 2003.

Elisha Abbo, who currently represents the Adamawa North Senatorial District, is also said to be re-engineering his political machinery to contest the next governorship election in his state.

He defected to the ruling All Progressives Congress last year as part of his calculation to become governor in 2023.

The soft-spoken former Minister of Interior and the current senator representing the Benue South Senatorial District, Abba Moro, is also in the race to become the governor of Benue State in 2023.

It was learnt that his political godfather, former Senate President, David Mark, is also not leaving anything to chances to ensure that Moro’s dream becomes a reality.

The politician is said to have taken it upon himself in the last few months to woo the major tribes in his home state to consider an Idoma governor in 2023.

Moro is expected to fly the flag of the Idoma, the dominant tribe in his senatorial district, ahead of the next general elections.

A one-time governor of Kano State, Kabiru Gaya, who is the current Chairman, Senate Committee on the Independent National Electoral Commission, is also said to be in the governorship race come 2023.

Another senator, who is eyeing the number one seat in his state, is Gershom Bassey.

Bassey, who is currently representing Cross River South Senatorial District in the Senate, is a second time federal lawmaker and is believed to be vigorously working towards succeeding Prof Ben Ayade in 2023.

When confronted by our correspondent to know if the recent defection of Ayade, his friend and political ally, to the APC would not affect his chances of becoming governor in 2023, Bassey, said, “Have I told you that I am contesting? I have not declared my ambition yet.”

Findings by our correspondent also revealed that the three senators from Jigawa State are also interested in becoming the governor in 2023.

They are Ibrahim Hadejia (Jigawa North East), Abubakar Sankara (Jigawa North West), and Mohammed Sabo (Jigawa South West).

Details of their political calculations to outsmart each others in the game are still sketchy as of the time of filing this report.

Meanwhile, both Ubah and Ekwunife have written the Senate through the Senate President, Ahmad Lawan, about their intention to contest the November governorship election in Anambra State on the platforms of the YPP and the PDP, respectively.

Ubah specifically told our correspondent last week that he would launch his campaign fully after the emergence of other political parties’ candidates latest by July.

“I am set for the election but I want to wait till July and see the candidates that the other parties will produce. They are still aspirants for now,” he said.

The senators’ struggle to govern states is understandable as many of them envy governors who control power, political patronage and resources.

THE PUNCH

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EFCC indicts Sirika, brother in new N19bn fraud

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The Economic and Financial Crimes Commission has charged former Minister of Aviation, Hadi Sirika, his brother, Ahmad Sirika; and his company – Enginos Nigeria Limited, with over N19.4bn fraud.

The sum is said to be for several aviation ministry contracts from the former minister to Enginos Nigeria Limited, owned by Sirika’s younger brother, Abubakar.

The Sirika brothers and Enginos Nigeria Limited will be arraigned before Justice Belgore of the Federal Capital Territory High Court, Garki, Abuja today (Tuesday).

It is the second criminal charge the EFCC will be filing against the ex-aviation minister.

He was last Thursday arraigned for N2.7bn fraud before the High Court of the Federal Capital Territory in Abuja.

Sirika was arraigned on six counts alongside his daughter, Fatimah; brother-in-law, Jalal Hamma, and Al-Buraq Investment Ltd.

The defendants pleaded not guilty while Justice Sylvanus Oriji granted them N100m bail each, with the condition that they must not travel out of the country until the end of the criminal case.

On Monday, EFCC insiders informed The PUNCH that the anti-graft agency had filed a second charge against the ex-minister, bordering on N19.4bn fraud.

In the copy of the fresh charges sighted by our correspondent on Monday, the EFCC alleged that Sirika, “while being the Minister of Aviation, on or about 18th August 2022, in Abuja, within the jurisdiction of this honourable court, did use your position to confer an unfair advantage upon Enginos Nigeria Limited, whose alter ego, Ahmad Abubakar Sirika, is your biological brother, by using your position to influence the award to him, the contract for the construction of a terminal building at Katsina Airport for the sum of N1,345,586,500.00.”

According to the EFCC, Sirika’s alleged action was a violation of Section 19 of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under the same section.

In another count, the EFCC alleged that “on or about 3rd of November, 2022, in Abuja,” Sirika used his position “to confer unfair advantage upon Enginos Nigeria Limited, whose alter ego, Ahmad Abubakar Sirika, is your biological brother, by using your position to influence the award to him, the contract for the establishment of Fire Truck Maintenance and Refurbishment Centre at Katsina Airport for the sum of N3,811,497,685.00.”

In another count, he was accused of corruptly awarding a N615,195,275.00 contract to his brother for the procurement and installation of lift and air conditioners and power generators for the Aviation House in Abuja.

Furthermore, the EFCC alleged that Sirika, between August 2022 and May 2023 in Abuja, “had possession of an aggregate sum of N2,337, 840,674.16, which sum you knew indirectly represented the proceeds of criminal conducts of Hadi Abubakar Sirika, who was the Minister of Aviation at the time.”

It was revealed that the ex-minister’s younger brother, Abubakar, was earlier arrested and detained by the EFCC in connection with N3,212,258,930.18 paid to his company, Enginos Nigerian Limited’s bank account by the former minister.

 

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Nigerian Bank chiefs obtain N549bn insider loans in five years

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Directors and key management personnel of Deposit Money Banks borrowed about N549bn from their financial institutions in five years.

This is according to The PUNCH analysis of the banks’ annual reports filed with the Nigerian Exchange Limited between 2019 and 2023.

However, the banks’ loans and advances to some directors and key management personnel as well as related party transactions dropped significantly in 2023.

These transactions dropped to N52.40bn for eight financial institutions compared to N111.31bn in 2022, indicating a 52.92 per cent decline in one year.

Financial institutions reviewed in the 2023 review include Access Holdings, Guaranty Trust Holding Company Plc, Zenith Bank Plc, United Bank for Africa, Fidelity Bank, Wema Bank, Stanbic IBTC Holding Plc and the FCMB Group.

This decline came amid the release of new corporate governance guidelines by the Central Bank of Nigeria which went into effect August 1, 2023.

In the circular dated July 13, 2023, and signed by Director, Financial Policy and Regulation Department, Chibuzo Efobi, the guidelines which imposed responsibilities on the bank board and the executive compliance officers, supersede other previous codes, circulars and related directives, according to the apex bank.

The CBN guidelines on related party transactions said, “Banks shall establish a policy concerning insider trading and related party transactions by directors, senior executives, and employees, as well as publish the policy or a summary of that policy on their website. 22.2 The policy shall contain appropriate standards and procedures to ensure it is effectively implemented. 22.3 In addition to the requirements in Section 22.2, there shall be an internal review mechanism carried out by the internal audit function of the bank, to assess the compliance and effectiveness of the policy.

“22.4 Any director whose facility or that of his/her related interests remains nonperforming in any financial institution for more than one year shall cease to be on the board of the bank and shall be blacklisted from sitting on the board of such bank and that of any other financial institution under the purview of the CBN. 22.5 No director-related loans and/or interest thereon shall be written off without the CBN’s prior approval.”

Leading the pack in terms of major decline in loans to related parties and entities controlled by key management personnel was Fidelity Bank Plc, which went from N92.31bn at the end of December 2022 to N2.09bn at the end of last year.

In footnotes, the bank however said that some of the related parties like A-Z Petroleum Limited, Dangote Group and Genesis Group as of 31 December 2022, had “exited the related party relationship post 2022 financial year in line with CBN requirement.”

In 2022, the total value of insider loans for 10 banks including Access Holdings, Guaranty Trust Holding Company Plc, Zenith Bank Plc, United Bank for Africa, Fidelity Bank, Wema Bank, Stanbic IBTC Holding Plc, FCMB Group, Unity Bank and Sterling Bank amounted to N131.04bn.

Fidelity Bank led the highest for the year, followed by Unity Bank at N17.32bn and UBA at N13.74bn.

In 2021, the loans to related parties of these financial institutions rose to N139.16bn with Fidelity Bank and UBA leading at N97.73bn and N15.28bn, respectively. GTCO trailed in third position with N6.859bn.

Between 2019 and 2020, a total of N226.6bn was disbursed as loans. In 2019, eleven banks borrowed its key management personnel a total sum of N29.65bn. The figure also includes loans to companies related to the directors.

An analysis showed that GTCO lent N155m, Zenith Bank (N1.76bn), UBA borrowed its directors N297m, Wema Bank (N5.2bn), Stanbic IBTC (N95m), FCMB (N4.8bn), Unity Bank(N7.14bn), Sterling Bank (N10.12bn) to related parties.

In 2020, the figure increased by 564 per cent or N167.32bn to N196.97bn.

Checks showed that Access Bank lent the highest with a total of N174bn to its directors and companies related to them. This was followed by Unity Bank with N7.55bn. Third on the list was Sterling Bank with N6.01bn.

Other banks including Fidelity borrowed its directors N986.2m, GTBank (N67.9m), Zenith Bank (N1.797bn), UBA (N206m), Wema Bank (N2.82bn), Stanbic IBTC (N332m), FCMB (N3.2bn), Unity Bank (N7.55bn), Sterling Bank (N6.01bn).

Commenting on the trend, the Chief Research Officer at InvestData Consulting, Ambrose Omordion said “In my language, they say, it is the yam that you know that you use to make pounded yam. If an organisation feels that the insider or director can pay the loans given to them, then there is no issue. It is when they do not pay that is where there would be issues.

“Like what is happening now in the economy, banks are not giving loans to ordinary companies unless those with names because of economic headwinds. If they give loans to the public and they are unable to repay, Non-Performing Loans will rise. If the banks offer to insiders that would pay, it is better for them.”

 

The Punch

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Court Orders Arrest of Ex-Naval Chief, Usman Jibrin Over Alleged N1.5billion Money Laundering Charges

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Justice Inyang Ekwo of the Federal High Court, Abuja, has ordered the arrest of a former Chief of Naval Staff, Vice Admiral Usman Jibrin, and two other officers over N1.5 billion money laundering charge.

 

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) dragged the trio before the court over fraud N1.5bn allegations.

 

The court issued the arrest warrant after hearing a motion exparte marked FHC/ABJ/CR/158/2023 and filed by ICPC counsel, Osuobeni Ekoi Akponimisingha.

 

In the motion, the lawyer submitted that Usman Jibrin Oyibe, Adam Imam Yusuf, Brigadier General Ishaya Gangum Bauka (first to third defendants), were investigated for allegations of money laundering and making false statements regarding diversion of funds in their respective military and paramilitary institutions, into companies in which they allegedly had stake.

 

According to him, at the commencement of the investigation into the allegations, the defendants were released on administrative bail on self-recognition because of their status as serving and former public figures and has since then refused to show up for possible arraignment in court.

 

The Lawyer prayed the court for a bench warrant against the 1st, 2nd and 3rd Respondents (Vice Admiral Usman Jibrin Oyibe, Adam Imam Yusuf, and Brigadier General Ishaya Gamgum Bauka) in charge No. FHC/ABJ/CR/158/2023 which is pending before the court for the purpose of arresting and bringing them to court for their arraignment and trial.

 

Listed as first to sixth defendants in the 17-count charge are Usman Jibrin Oyibe, Adam Imam Yusuf, Brigadier General Ishaya Gangum Bauka, Lahab integrated & Multi Services Limited, Gate Coast Properties International Limited and Ummays Hummayd Energy Ltd

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