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NSPMC MD, Abbas Masanawa’s Unlawful Financial Transactions As Aide To CBN Governor Godwin Emefiele Exposed!

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In 2014, former President Goodluck Jonathan ordered a reform of the Nigerian Security Printing and Minting Company (NSPMC). While this breathed new life into the ‘near comatose’ corporation, many Nigerians were unaware that the CBN financial gang used this opportunity to install their stooge Mr Abbas Umar Masanawa as the Managing Director, despite his previous appointment as an Aide to the Central Bank Governor, which included numerous violations of the law.

Investigations revealed that on 2nd October 2012, while working in Zenith Bank, Mr Masanawa established Preferred Global Company with the registration number RC 1068515 and the address NO.16, Lakeview Homes, Kado, Abuja, FCT. The company’s board of directors includes Aminatu Abbas, Muhammad Abbas Masanawa, Faruk Abbas Masanawa, Al-Amin Abbas Masanawa, and Fatima Abbas Masanawa.

Mr Masanawa struck gold two years later, in September 2014, when he was appointed by the Federal Government as the Special Assistant and Chief Liaison to the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, his former boss at Zenith Bank.

He continued to operate the company allegedly utilizing it to move funds and execute contracts, with payments made to his bank accounts regularly in violation of the Federal Government Public Service Rules which states that public officers must not be Directors in private companies.

A detailed investigation into Mr Masanawa’s dealings revealed that he operated an account with Eco Bank. Block 1, Flat FD Close, Gwarimpa, Abuja, is the address on the bank account with the number 3913000290, which also serves as his salary account where his allowances are remitted. He also has two Zenith bank accounts with the numbers 2020023667 and 1020010820. Preferred Global Company Limited, which he established in 2012, has a First Bank account number of 2024061878. While the corporate address is No 16, Lakeview Homes, Jabi, Abuja, the phone number associated with the account to receive notifications, +2348035074700, has been validated as Mr Masanawa’s number.

Checks on Masanawa’s account from 2015, when he should have shut down Preferred Global or stepped aside as its director, revealed a lot, as he was running the company account on his own and transferring money regularly to his account.

The large withdrawals and deposits continued in 2016 when a firm called Summit Signature Interservice, registered with RC 1337654 and located at No 3, Sambiero Crescent Maitama Abuja, was brought into the game. Mr Masanawa caused N300 million to be paid from Preferred Global Business Limited to Summit Signature five months and three weeks after the company registration on November 17, 2016.

Summit Signature received N40 million from Masanawa’s company on December 1st of the same year. Fifteen days later, N40M was transferred from Summit Signature account to Preferred Global company account. Interestingly, N300 million was paid from Preferred Global Company Limited to Summit Signature on the same day, with subsequent investigations detailing a consistent flow of funds between Preferred Global and Summit Signature.

As an Aide to the CBN Governor Godwin Emefiele, Mr Masanawa continued in his impunity as he was also paying money into his company account, evidenced in an electronic funds transfer (NEFT) of N16.7 million he made on 7th September into Preferred Global Company account. The year 2017 was a harvest for Mr Masanawa as he made massive withdrawals from the Preferred Global company account unperturbed. He took N6 million out of the account on March 15th and subsequently took N5.5 million out on July 10th, with another N11 million withdrawn on August 15th. Preferred Global wired N9 million to his account on November 8th as he received another N6M from the company on December 27, 2017.

Details of what most of this monies are used for would be revealed in our second edition of this article….

  • Secrets Reporters.

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Yahaya Bello absent as court adjourns, EFCC mulls military’s help to fish him out 

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Justice Emeka Nwite of the Federal High Court Abuja has adjourned the suit instituted by the Economic and Financial Crimes Commission (EFCC), against the immediate past Governor of Kogi State, Yahaya Bello, to April 23rd.

 

The adjournment is for substituted service and possible arraignment of Bello for alleged N84bn money laundering. At the resumed sitting, Counsel for the EFCC, Kemi Phinro, told the court that the immediate past governor of Kogi State was absent from court for his arraignment because he was being protected by someone with immunity.

 

Phinro said the former governor was whisked out of his Abuja residence by the same person with immunity. Phinro said the anti-graft agency might seek the help of the military to fish him out to come face his arraignment. Responding to this submission, Yahaya Bello through his counsel, Abdulwahab Muhammad, told the court that there is an order of the court restraining the EFCC from arresting or arraigning him.

 

Muhammad said a Kogi State High Court had on February 9, 2024 restrained the EFCC from arresting or arraigning the former governor. He added that the EFCC has appealed the ruling and the Court of Appeal was yet to decide on the matter. He pointed out that the action of the EFCC was unconstitutional and the court lacked jurisdiction to entertain any charge from

the EFCC.

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Billionaire Businessman, Tunde Ayeni’s Talk of the town Daughters Wedding

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Barr. John Olatunde Ayeni C.O.N is indeed a man of high repute with a highly cerebral nature blessed with suave, elegance and finesse. As a young man, he has carved a niche for himself as a seasoned investor and a finance person with a background in the legal profession after bagging a law degree at Ahmadu Bello University, Zaria before he was called to bar. Everything he touches turns into gold. He is a man who knows the true spirit of friendship and brotherhood which has elevated him to the position he holds today. The erstwhile Chairman of Skye Bank has created his name in gold as one of the best brains to have come out of Nigeria as he sits atop several high business conglomerates.

 

One thing has remained constant for him he is a man who loves his family and will never trade anything for his family. More reason he spared no cost to ensure his daughter Abolaji Ayeni gets one of the biggest wedding Soiree with her hubby Oluwatobiloba Adeoye that will never be forgotten in a hurry. It was a rollercoaster of events that remained colourful and also further cents Ayeni’s position as a crowd puller as all his friends turned up for him to celebrate him and his family in one of their proud moments as a father.

 

Last year 2nd of December, the Groom’s family was hosted by Ayeni at an introduction ceremony at his Lagos residence and from that moment he has told his friends that; the wedding shindig would be one to remember as he is putting lots of resources into making the day a memorable one and also appreciate his daughter for making him and his wife proud parents.

 

On Thursday the 11th of April, Ayeni and his family hosted a traditional engagement wedding in Lagos Ikoyi where it was a parade of cultural aesthetics from the best Aso-Ebi to the best of Agbada and music as Yinka Aiyefele serenade the audience with his musical rendition there was an array of cuisines that guests savoured their taste buds with and lots of high-cost drinks.

On Saturday the 13th of April, Ayeni also pulled his heavyweight as the Church wedding where the couples were tied together by Pastopr Tunde Bakare’s Latter Rain Church in Oregun before the train moved to the reception at the Balmoral Hall of the Federal Palace Hotel, Victoria Island where guests were treated like a king, the whole V.I corridor was locked down as automobiles of different kinds took over the roads.

 

It was an absolute display of wealth, opulence and splendour as the who is who in Nigeria’s business, political and socialite space were in attendance. The roll call was quite an elitist one as it was like a gathering of stars with deep pockets. The father of the bride adorned in his full Agbada was seen smiling cheerfully welcoming his guests and also making sure those who attended were given the best of treats. The food was local and continental and the wines served were vintage wines. It was like a carnival as Evangelist Dunni Olarewaju (Opelope Annionting)coroner was on the bandstand while King Wasiu Ayinde Marshall the Fuji maestro also serenaded the audience.

 

Those who attended confessed that Ayeni is not only a master planer in the boardroom he is also a master planner of soirees and a good host with a high sense of hospitality. Those spotted were; the Governor of Ogun State, Prince Dapo Abiodun, Kogi State Secretary to the State Government; Mrs Ayoade Folashade, Former Governor of Ogun State Senator Ibikunle Amosun, Chairman Federal Inland Revenue Service; Dr Zacch Adedeji Former Governor of Delta State, Chief James Ibori, Former Governor of Ekiti State, Mr Niyi Adebayo, Hajia Bola Shagaya, Olugbon of Ilegbon Oba Francis Alao, Olofin of Isheri Oba Sulayman Bamgbade, Elegushi of Ikate Land Oba Saheed Elegushi, Akinshiku Dosumu Oba Otudeko, Iyaloja of Lagos Folashade Tinubu-Ojo, Mogaji Wole Arisekola, Former Fidelity Bank MD Mr Nnamdi Okonkwo, Daily Times Publisher Mr Fidelis Anosike and wife Rita Dominic-Anosike, Nkiru Anumudu, Segun Awolowo, Terry Waya, Comfort Obamuyiwa, Aisha Achimogu, Abu Abel, Abisagboola ‘Bankuli’ Oluseun and a host of others.

By: Oladapo Shofowora.

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Just In: Cubana Chief Priest Arrives Court For Arraignment Over Naira Abuse Charge

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Lagos socialite, Pascal Chibuike Okechukwu, also known as Cubana Chief Priest, has arrived at the Ikoyi High Court for arraignment on charges of Naira abuse.

Recall that Economic and Financial Crimes Commission (EFCC), yesterday, announced that Cubana Chief Priest would be charged today for alleged naira abuse.

The commission filed the charge against him at the Federal High Court in Ikoyi.

Cubana Chief Priest will be arraigned before Justice Kehinde Ogundare at 9am.

EFCC last week said many celebrities are being probed for their illegal use of the nation’s currency. This was after cross-dresser, Idris Okunneye, popularly known as Bobrisky, was convicted Friday following EFCC’s prosecution of him for naira abuse. He was jailed for six months.

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