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When the Super Eagles of Nigeria players protested and boycotted the next round games involving France, President Goodluck Jonathan approved the sum of $3.4million, which Dr Tammy Danagogo was to take to Brazil to let down frayed nerves of the players.

While the President was giving out the instructions, Globacom chairman, Dr Mike Adenuga, on the spot dropped $200,000(N39.8m), which made the full money $3.6million. The President was elated and thanked Adenuga for the gesture especially for always supporting sports in the country and especially the Super Eagles.

Afterward the World Cup money, a total sum of $8.4million was paid by FIFA to Nigeria, after deductions of expenses incurred by FIFA on the nation’s behalf.

Sources told us that Dr. Tammy Danagogo had his eye on the money and fraudulently requested that the entire $3.6million be brought to him by cash for onward transmission to President Jonathan.

His crazy request was opposed by NFF chief Accounting officer, Musa Amadu, who insisted on having a formal order from the NFF President, Amaju Pinnick.

Barrister Chris Green, who is from the same state with Danagogo was equally against the minister’s request and threatened to drag everyone involved to the EFCC if the monies were moved in cash.

After much ado, Amaju Pinnick was said to have handed over Adenuga’s money($200,000 about N39.8m) to Dr Danagogo.

Trouble started in the Glass House over the money after a former FA boss(name withheld) called Chief Adenuga to thank him for the ‘loan’ which had been returned to him.

It was said that Adenuga felt insulted because he was not given any money , and reported the matter to President Jonathan who summoned Danagogo and confronted him.

As we speak now, the $200,000 had not been returned to the NFF while there is no administrative evidence to show that the money is with the minister.

As it is, the minister may not return the money to the NFF while the NFF does not and cannot account for the money in question.

However, the bottom-line is the money Chief Adenuga ‘borrowed’ the Super Eagles has been returned, but it did not get to him, and had left the NFF.

It was further gathered that when Amaju met the sports minister to discuss the money in order for the association’s account to be in good stead, he was told by Danagogo that Adenuga had given him the money as gift.

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News and Report

Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]




Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.


In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.


The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.


The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.


“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.


“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”



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FCMB Manager Arrested For Hoarding New Naira Notes



A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.


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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage



The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.


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