Connect with us

News and Report

Kingdom Disagreement: How Ayiri Emami Outsmarted Olu Of Warri

Published

on

Society Reporters reports that what seems endless disagreements in the royal kingdom of Warri, Delta State between the Olu of Warri, His Majesty, Ogiamé Atuwatse III and Ayiri Emami, a deposed Ologbotsere of Warri, has exploded to somewhat uncontrollable dimension as the first round of the battle saw Emami outsmarting the Olu in collecting royal beads and other insignia of office.

According to the story, the Olu appears to have crossed the Rubicon in his long-drawn disagreement with Ayiri Emami, when on Sunday, April 16, 2023, he installed Chief Oma Eyewuoma, as the new holder of the highest Itsekiri traditional title.

Prior to his installation as Ologbotsere, the traditional prime minister of Warri Kingdom, Eyewuoma was the Aboludero of Warri.

The immediate past holder of the title, Emami, a businessman and political activist, was deposed by the Olu of Warri on October 5, 2021 at a ceremony held at the palace.

Emami as the Ologbotsere challenged the process that led to the emergence of Ogiame Atuwatse III as the Olu of Warri, insisting that there were some violations.

As the controversy raged, two crowns of the ancient kingdom were allegedly stolen from the palace and a police investigation indicted Emami and other individuals, including two princes who were declared wanted. Emami was arraigned.

The court case and missing crowns notwithstanding, the Olu of Warri, upon ascending the throne, has been carrying on his traditional and social duties with his reconstituted council of chiefs without an Ologbotsere.

Palace sources however hinted that there had been interventions from several quarters to settle the dispute among the parties involved and ensure unity among natives of the Itsekiri nation.

However, the latest in the peace and reconciliatory moves between the Olu of Warri and the Ologbotsere descendants led by Chief Ayirimi Emami, hit a brick wall last Sunday as the scheduled meeting at the Aghofen, the palace, witnessed the installation of a new Ologbotsere.

The development surfaced after Emami rejected the monarch’s offer to install him as the “Eyeku” of Warri; a title held by his late father, Chief Akonu Emami.

The reconciliatory meeting was witnessed by the immediate past Governor of Delta State, Dr Emmanuel Uduaghan; ex-president, Christian Association of Nigeria and Pentecostal Fellowship of Nigeria, Pastor Ayo Oritsejafor, notable palace chiefs, as well several Itsekiris who thronged the Aghófen Hall for the meeting.

Prior to the meeting, the Olu had invited Warri chiefs to report at the palace with their insignias of office, beads and swords, for a revalidation exercise.

Addressing the gathering, the Olu of Warri, who prior to the installation of the new Ologbotsere, had collected symbols of the Ologbotsere title (beads and ‘Uda’ sword) from Emami, reminded his subjects that the conferment of chieftaincy titles on anyone was solely the prerogative of the Olu.

The monarch noted that as a father to all, he was using the occasion to offer forgiveness to erring subjects, noting that “forgiveness and reconciliation are virtues that have the potential of making us stronger as people and as a kingdom.’’

In a long speech, the Olu of Warri stressed his superiority as king over Iwereland, disclosing that he understood from the dreams he had that Emami should bear his late father’s title.

The monarch added, “Today is a very unusual day. But we will do something unusual. I won’t do this publicly again, but there is a reason why today is public. An opportunity for us to come together and reconcile. The outcome is for the good and betterment of Itsekiri, irrespective of anybody’s reaction.

“God does not have an opposite. Ogiame does not have an enemy. In this kingdom, there is no rival. The beads on the neck of our chiefs are personal property of the Ogiame. I will have mercy on whom I will have mercy.

“True reconciliation will not be forced on Ogiame. The terms will be determined by Ogiame. We have a divine reason to do this publicly.

“It is not an easy thing for me to do this. I had to humble myself. Itsekiris want Ogiame to be proud at all times because we are a proud people. As directed and determined by God, pride is actually not one of the ways of God.

“I had been battling for almost two years on how I could come down to address this Ologbotsere issue. I was covering Ayiri Emami even when I was in Idaneken.

“I authored an apology for him to read. As it happened, the apology didn’t surface. God wants this matter to be resolved. I understand the fears some of you might have. Every human being deserves a second chance. Monarchy is a reflection of how God operates.

“Ikenwoli told me, “What I did privately with Ayiri, do it publicly for all to see.’’ This was after O.N. Rewane, Chief Mayuku and Chief Akonu Emami appeared to me in a dream. None of you here is better than this man (Chief Ayiri).

“I am tired of fighting. I will not humiliate the Ologbotsere family. The Ologbotsere title remains the most senior title. Ikenwoli like Atuwatse II knew what they saw in this man (Chief Ayirimi Emami). Let everyone stand up and celebrate this man (referring to Chief Emami).

“I do not want Itsekiri to fight. I have given him a chance for redemption, to work for the interest of Itsekiri. He has conceded he will not accept his father’s title.”

It was gathered that the stalled peace initiative was brokered by Pastor Oritsejafor who is also a prominent Itsekiri.

Earlier, the Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, was in Warri a few months ago, during which he met with the Olu of Warri and Chief Ayiri Emami separately.

In a dramatic twist, Emami, who left the Olu of Warri palace after rejecting the king’s offer, said he remained the Ologbotsere of Warri. He noted that the traditional beads and sword he submitted on Sunday to the king during the meeting at the palace where he was deposed were fake.

He claimed that he still had the original traditional beads and sword presented to him by (former kings) Ogiame Atuwaste II and Ogiame Ikenwoli and the Uda.

Emami said he did that because he had a dream about what would happen during the reconciliation meeting and he was prepared.

Addressing Ologbotsere descendants and supporters, who accompanied him to his residence, Emami disclosed that the original beads and sword, authenticating him as the Ologbotsere of Warri Kingdom were still intact.

He displayed the traditional beads and the sword to buttress his claim, saying, “These three beads; the bead of Atuwatse II, my late father and that of Ikenwoli, are my inheritance. I did not buy them. Have you seen me with one bead before?

“What happened at the palace today was not what we agreed on during Ologbotsere descendants and myself with the Olu of Warri. I was open for genuine reconciliation but suspected that the king and some of his chiefs were not sincere, hence, I have to go there with another set of beads and sword.

You can see the original beads and sword right in my house (displaying the beads and sword to the Ologbotsere descendants and his followers at his home)”

Also, the spokesman for the Ologbotsere descendants worldwide, Alex Eyengho, while speaking with journalists on the development, emphasised that the title of Ologbotsere is conferred on an individual “till death.”

According to him, Emami accepting the title of his father, which is a “lesser title in the name of peace,” will amount to “peace of the graveyard,” which nobody wants.

Eyengho stated, “What happened in the palace today (Sunday), was part of a script that has been written. We had a premonition of the event that would play out. Hence, the bead and sword presented at the palace were fake. It has been an ongoing script.

The Ologbotsere family is not stupid. The original beads and sword are intact. Once you give a title to someone, it is till death. You don’t take it back. For the Ologbotsere title to be given, it must come from the family of Ologbotsere, on request from the king. Chief Ayirimi Emami remains the Ologbotsere of Warri Kingdom.’’

As Emami is unyielding, the Olu of Warri is also sticking to his guns, maintaining that “the outcome is for the good and betterment of Itsekiri, irrespective of anybody’s reaction.’’

Some observers of the events emanating from the revered kingdom are of the view that the last of the matter had yet to be heard considering both parties’ rigid bearings

Contacted, a Warri-based industrialist, Chief Lucky Omonigho, said that some powerful forces had continued to frustrate the patriotic efforts of the monarch for their own selfish interests. According to him, the monarch wants to ensure that the people of the kingdom, not a few individuals, benefit from oil firms operating in the kingdom.

Another Itsekiri indigene, Madam Veronica Ogene, however, called for a truce between the Olu of Warri and his chiefs stressing that the campaign for peaceful coexistence in the community should be sustained for the much-needed socio-economic development of the kingdom.

 

 

News and Report

EFCC indicts Sirika, brother in new N19bn fraud

Published

on

By

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.

 

Continue Reading

News and Report

Nigerian Bank chiefs obtain N549bn insider loans in five years

Published

on

By

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

Continue Reading

News and Report

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

Published

on

By

 

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

Continue Reading

Trending