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How Accountant-General, Idris Acquired Multi-Billion Naira Properties, Shared To Family Members Before Eventual Arrest By EFCC

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The Economic and Financial Crimes Commission (EFCC) on Monday arrested the Accountant-General of the Federation, Ahmed Idris, over alleged mismanagement of N80billion.

Idris was arrested on Monday in Kano and is currently being moved to Abuja.

“Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, May 16, 2022 arrested serving Accountant General of the Federation, Mr. Ahmed Idris in connection with diversion of funds and money laundering activities to the tune of N80billion (Eighty Billion Naira) only,” a statement by the agency read.

“The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

“The funds were laundered through real estate investments in Kano and Abuja. Mr. Idris was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts.”

SaharaReporters had in a series of detailed investigations exposed how Idris acquired several properties whose values ran into many billions of naira since he was appointed by President Muhammadu Buhari as the administrative head of the treasury in June 2015.

A visit to Gezawa Commodity Market Limited and Gezawa Integrated Farms Limited owned by Idris lend credence to the allegations made by concerned citizens and some stakeholders on how and where the AGF got the money he used in acquiring the multi-billion naira firms, both in Kano through his direct family members.

The shareholdings of both firms indicate a spread of Idris family members on the official board.

Certified copies of the documents from the Corporate Affairs Commission seen by SaharaReporters showed that the shares for Gezawa Commodity Market Limited are distributed among the family members of the AGF as follows:

(1) Zainab Ahmed Idris: 35,000,000 shares

(2) Shamsiyya Ahmed Idris: 35,000,000 shares

(3) Nabila Mu’azu Abubakar: 35,000, 000 shares

(4) Zuhair Ahmad Idris: 22,500,000

(5) Hussain Ahmad Idris: 22,500,000 shares

(6) Abdulrraham Ahmed Idris: 22,500,000 shares

(7) Khadija Ahmed Idris: 18,500,000 shares

(8) Mua’zu Abubakar lll: 40,000,000 shares

(9) Mohammed Chiroma: 60,000,000 shares

(10) Alh Usman Kansila Yahaya: 60,000,000 shares

(11) Baloni Ibrahim Lawal (representing Silvermark Investment Limited) : 60,000,000 shares

(12) Abubakar Nabila Mua’zu (representing Gezawa Integrated Farms Limited) : 20,000,000 shares.

There have also been questions asked about how the AGF bought “Sokoto Hotel” in Kano with N500million cash.

SaharaReporters gathered that Idris upon acquiring the hotel, ordered its immediate demolition with the intention to build a multi-billion naira shopping mall on the property.

Despite clocking 60 years in 2020, Idris succeeded in pulling different strings in the Presidency to secure an extension of his appointment beyond the legal limit.

SaharaReporters gathered that he engaged the services of highly placed persons including governors, senators and emirs who prevailed on President Buhari to give him the extension.

The action is however against the civil service rules, which states that a career civil servant must disengage from service either after attaining 60 years of age or having worked for 35 years, whichever comes first.

It was also against a circular from the office of the Head of Service to all agencies of the Nigerian Government which says, “For avoidance of doubt and in order to maintain discipline and integrity of the extant public service rule which prescribed 60 years of age or 35 years of service for mandatory retirement, should strictly be complied with.

“Accordingly, the following guidelines shall apply. (I) that career officers who take up tenured appointment should at the point of taking up the appointment retire from service to ensure they run their term uninterrupted.

“(II) that career officers who have not retired from service before the commencement of their tenured appointment must leave office on attainment of mandatory age/years of service for retirement and (iii) that career officers who are currently holding tenured appointment are required to retire from service with immediate effect and continue to run their term. Failure to do so would mean that they would vacate office on attaining the mandatory age or at the expiration of their term whichever comes first.”

Idris’ arrest is also coming few months after he secretly married a 16-year-old Kano State girl, identified simply as Hussain.

SaharaReporters had in a string of reports revealed that despite Hussain’s family kicking against the wedding, Idris who turned 61 on November 25, 2021, insisted on marrying her.

“This is our late sister’s daughter by name Hussain; she’s just sixteen, not long that she clocked sixteen years old but it’s very unfortunate that a lady called Amina was the one that linked or brought the Accountant-General to our house in order to seek her hand in marriage.

“This, she did, knowing that this is a very young girl, what does that mean? It shows the accountant general is just after that small girl to take advantage of her youthful age.

“Immediately I heard, I messaged him because when I was working with the then Head of Service, I had the opportunity of having his contact when we met over a serious matter about the country. So I messaged him on WhatsApp regarding his wedding; I sent him my picture, that of my son, my late sister and the daughter, Hussain. He replied that it’s a small world which confirmed the wedding was true,” a top family source had confided in SaharaReporters.

The family source added that the Accountant-General bribed some media organisations they contacted for help and their request to expose his atrocities was therefore turned down.

“He went as far as bribing this girl with a gold of over N200million, iPhones, buying cars for her, giving her millions of naira – all to buy her attention. He started meeting different people that he wanted to know the girl’s family; he married the girl, just like that.

“There was no investigation just because he is the Accountant General of the Federation. Why are things happening in this country like this? He even told the girl to go and look for any house of her choice in Abuja, that he is ready to purchase it for her.

“He is spending the government money and every media house we go to report him, he pays them not to air or report the story. Please help us for justice to be done. This girl is just sixteen years old,” the source had added.

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Contempt: Again, court commits EFCC boss, Abdulrasheed Bawa, to prison

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The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has been committed to prison for allegedly disobeying court order.

The court also directed the Inspector-General of Police, Usman Baba, to effect Bawa’s arrest and remand him in Kuje prison for the next 14 days until he purges himself of the contempt.

Justice R.O. Ayoola of the Kogi State High Court, in his judgement on Monday, granted the application for committal to prison of the EFCC chairman for disobeying a court ruling delivered on November 30, 2022, wherein the EFCC chairman was directed to produce the applicant in the case, Ali Bello.

Ali Bello had dragged Bawa to court for arresting and detaining him illegally, with the court ruling in his favour, only for the EFCC to arraign him for alleged money laundering three days after the ruling.

The EFCC’s applications for setting aside and stay of execution of the ruling were refused for want of merit.

The Court had, in Form 49, Order IX, Rule 13, marked, “HCL/697M/2022” and titled, “Notice to Show Cause Why Order of Committal Should not be Made,” asked the EFCC Chairman to appear before it on January 18, 2022 to explain why he should not be jailed for flouting the order given on December 12, 2022 in a case filed by Ali Bello against the EFCC and Bawa, as the 1st and 2nd respondents, respectively.

The court ordered that the EFCC and Bawa be served the motion of notice together with Form 49 by substituted means.

The court had declared the arrest and detention of the applicant in the face of a subsisting court order made by a court of competent jurisdiction and without a warrant of arrest “or being informed of the offence for which he was arrested” as unlawful, unconstitutional, and in contravention of the personal liberty and dignity of human person guaranteed under Chapter IV of the Constitution of the Federal Republic of Nigeria 1999 (as amended).

The court had also ordered the respondents to tender an apology to the applicant in a national newspaper and awarded N10 million compensation for him.

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Fidelity grows profit to N52 billion for FY 2022 

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Fidelity Bank Plc has announced an impressive growth in Profit Before Tax to N52 bn for the Full Year 2022. This was made known in the Bank’s unaudited statement of account presented to the Nigerian Exchange (NGX) on Wednesday, 31 January 2023.

 

According to the regulatory filing, the bank grew Gross Earnings by 33.9% to N335.897 billion (from N250.774 billion in FY 2021) and Net Interest Income by 61.1% to N152.813 billion (from N94.877 billion in FY 2021) leading to a Profit After Tax of N47.163billion for FY 2022 (from N35.579billion in FY 2021).

 

Similarly, Total Assets for the Bank now stand at N3.999trillion (from N3.289trillion in FY 2021) and Deposit from Customers is now at N2.591trillion (from N2.024trillion in FY 2021).

 

Analysts posit that this is yet another strong showing for the tier-one bank having sustained impressive performance year-on-year even in the face of the headwinds in the economy. Despite growing its Gross Earnings at an impressive rate, the bank has managed to record one of the lowest Non-Performing Loans (NPL) ratios in the Nigerian banking industry, for instance.

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Petition signatures to Emefiele over new naira hit 1653..

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Petition signatures to Emefiele over new naira hit 1653

 

Following the crisis over the non-availability of the redesigned N100, N200, N500 and N1000, over 1653 Nigerians have petitioned the Central Bank Governor, Mr Godwin Emefiele, to end what they termed ‘hardship’ on the citizens.

 

The petition, hoisted on the global change website, change.org, which was started on Friday, garnered over 1653 signatures on Saturday.

 

As of the time of filing this report, many bank customers have yet to access the new notes as many automated teller machines are either not dispensing cash or completely shut down because of the crowd.

 

Protests have erupted over the situation in some parts of the country and some banks vandalised by hoodlums, demanding access to their money lodged in several accounts.

 

 

 

There have also been controversial videos showing bank officials sabotaging the process by hiding the new notes behind old ones in vaults.

 

The President, Major General Muhammadu Buhari (retd.), has requested seven days from Nigerians to fix the mess.

 

Part of the petition stated, “The recent shortage of physical cash in Nigeria has caused major untold hardship to Nigerians. People are spending hours in long lines at banks just to withdraw cash, and many are forced to rely more on digital transactions which tend to be unreliable due to poor bank networks.

 

POS operators also charge outrageous amounts; as much as N1000 for a N10,000 withdrawal. The Central Bank of Nigeria has stated that the shortage is temporary, but it is causing serious disruption to the daily lives of many Nigerians.

 

“We call on the government, stakeholders, law enforcement agencies and the CBN to take urgent action to address the cash shortage crisis in Nigeria. We demand that the CBN increase the distribution of physical cash to meet the demand, and also any POS operator found charging outrageous amounts for withdrawal should be arrested.’’

 

Meanwhile, the National Association of Nigerian Students has expressed displeasure over the issue, noting that the process was not only ill-timed but also not well thought out.

 

Speaking to Sunday PUNCH during a telephone interview on Friday, National Vice President (External Affairs), Akinteye Afeez-Babatunde, said, “The whole situation is crazy. We are tired. Students are crying and complaining. They can’t get cash. The leaders have confirmed to us that they don’t care for the people. The policy is fine but the process to get it done is to the detriment of our own lives as Nigerians. Our day-to-day activities have been disrupted. Nigerians are suffering.’

 

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