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My Life In Danger After Asking Atiku Abubakar For Divorce – Jennifer (Full Details Inside)

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Atiku Abubakar’s third wife, Jennifer Abubakar has alleged acts of intimidation including death threats against her and relatives following her request for a divorce from Nigeria’s former vice-president.

Jennifer Abubakar, in a statement made available to The Trent said that the marriage had broken down as she rejected claims that she sought divorce because Atiku married a new lady as a fourth wife.

In the statement, she said:

For some time now, especially in the last few weeks, there has been a whole lot of rumours in circulation about the state of my marriage to his Excellency Alhaji Atiku Abubakar, the Waziri Adamawa, GCON. The stories got more vicious as they continued to circulate. I deem it necessary to defend myself against the calculated propaganda to malign my character, position me in a bad light and damage my name. Without resorting to nonsensical talk, I would address the two key issues at hand:

(1) That I asked for a divorce because His Excellency got married again.

(2) That I sold his Excellency’s house in Dubai.

That I asked for a divorce because His Excellency got married again

Failed Efforts By Friends To Stop Atiku-Jennifer Divorce

• On 26 June, 2021, I asked His Excellency to grant me a divorce in light of the breakdown of our marriage. And, during that period, I told his Excellency that I remain at his Excellency’s service to continue to assist him in his activities even If I am no longer married to him. Suffice it to say that several friends of his Excellency tried to mediate in this matter. I thank them most graciously and remain grateful for their efforts, Peter Okocha, Senator Ben Obi, Tunde Ayeni, Captain Yahaya and Senator Ben Bruce.

• The core reason for the divorce was disagreement over my continued stay in the United Kingdom to look after my children and several other long-standing issues. I needed to play the role of a mother at this time to the children who have gone through the absence of both father and mother growing up; especially, with the passage of my elder sister who used to look after them. Furthermore, in light of Covid times, choosing to stay with the children was nonnegotiable. However, in line with Northern culture, allow the new wife to take up the baton so I can also focus on giving the kids more care.

Divorce From Atiku Not Triggered By New Wife – Jennifer

• Although we were not informed officially according to northern/Islamic culture, I knew about his Excellency’s new wife from the time Excellency was dating her and when his Excellency eventually married her. I had graciously invited our new wife to my son’s wedding in Dubai in 2018 without any ill feelings and congratulated his Excellency when our new wife delivered a child.

• I was already aware that His Excellency had gotten married to our new wife but that did not deter me from supporting His Excellency and indeed, we went through a most rigorous electioneering campaign and garnered massive support for his election in 2019.

That His Excellency married a new wife was never the cause of our problem as many have said. His Excellency is a Muslim and I have never questioned him about his wives or intended.

I hope this brings this issue to rest as I did not leave the house because of his new marriage.

Moving out of the matrimonial Home in Asokoro and Yola

• The Matrimonial home in Asokoro which we reside was gifted to me by him even before we moved into that home from a previous residence. Indeed, His Excellency caused his Private Secretary to process the DEED of assignment documents for the house, which he did and handed me the documents. I then commenced processing the title to the property.

• During the initial mediation discussion, Excellency denied that he gifted the house even after I showed him the document with the signature of his aide, his Excellency asked me to show him the deed of gift. When I asked him, ‘Where will me and the kids stay when we come to Nigeria?’, he told me that since I am the one that asked for a divorce, I should find a place to stay and I later moved out.

• His Excellency further gave orders to have my nephews living with me in the house ejected within an hour of his order and gave orders that I and my family members are not allowed to enter the house. Hence, during my last visit to Nigeria in December 2021, I stayed at a hotel. I have long released these assets to him and hereby reiterate that the titles are at his disposal to pick up whenever he deems fit.

Issues About Atiku’s Dubai Home Following Jennifer’s Request For Divorce

Dubai Home

• There has been a lot of speculation on the Dubai home. For a while now, I had purposely stayed away from Dubai until I took custody of that property in September 2021 after his Excellency reneged on his word to give the current value of the said property in exchange. When I came to Nigeria, in early September 2021. I asked to have a private conversation with His Excellency. During that conversation, I informed his Excellency that once I get back to the United Kingdom, I will go to Dubai and take over the house. He subsequently departed for his medical trip to Germany refusing to address any of the issues I privately wanted to conclude with him outside of third parties.

• I subsequently travelled to Dubai, and took custody of the said property. Once I did that, on 18 September 2021, His Excellency sent me a text and I quote “I hear you have moved to Dubai to take over the house. I am still in Germany for my medicals. Make sure all my properties including (redacted) are intact so I can collect all my properties. I wish you well’. I responded to him: “ Excellency, I am left with no other option as we need to get on with our lives amicably. I hope your medicals are coming up good. I wish you well too’.

• On 19th September, 2021 in response to his text that I am not being amicable and I quote ”Good morning, with due respect, Excellency, I told you on Saturday before you left for Germany, that I was going back to UK, take [our son] back for his test, then come to Dubai. I reiterated that day the need for an amicable resolution. I maintain that stance and remain at your service Your Excellency’.

• Further on Tuesday, 21 September, 2021, I asked His Excellency in another text whether he wanted me to pack up his clothes and give to Rahim (his driver) since the driver on his instructions was moving his cars. I also asked Excellency in that text whether he wanted me to have Rahim pack up his office. Then his Excellency sent me a text back and asked: ‘so its true you have sold the villa?’ Subsequently, His Excellency sent the driver to take possession of all the cars. The truth subsists with regards to the Dubai house. I will make no further comments on it because it is the subject of litigation filed by his Excellency against me.

• I need to also put on record that if I wanted to take His Excellency’s assets, I would not have returned to him his property documents in Abuja and Jos, allowed the driver to collect his cars, given up the house in Asokoro and Yola. The last time I was in Nigeria I called to have the Asokoro and Yola documents delivered to him. It was never picked up and I still state that Excellency is free to send someone to have the documents picked up anytime he deems fit.

Jennifer Alleges Death Threat Following Divorce Request To Atiku

Threats/Intimidation

Since this incident, I fear for my safety and that of my kids. His Excellency’s security operatives especially Ibro and others, have been making threats and calling my relatives, friends and staff and searching for my assets to seize. For that reason, I have exited my law firm, sold all my assets and moved abroad until peace reigns.

I have done nothing wrong except to ask for a divorce and it pains me that I have to use this medium to address thorny issues but fear that at this point, I would have to put my side of the story on record. It is obvious that a campaign of calumny to total discredit and put me in bad light has begun.

Despite all that has happened, I reiterate that I asked for a quiet divorce which if it had been granted, we would not be where we are today.

Divorce is never an easy process for both parties. I reiterate that I hope we can settle our issues privately and I would remain at His Excellency’s service should he need my help, anytime.

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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.”

 

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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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