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Suspect Sponsors False N10B Allegations Against EFCC Official

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More facts have emerged over allegations of corruption levelled against a senior official of the Economic and Financial Crimes Commission (EFCC ) Alhaji Abubakar Aliyu Madaki claiming that he owned 474 hectares of land in Nasarawa State worth N10 billion, a N450 mansion worth of house in Wuse 2 and another N200 million worth of house for his girl friend in Wuse Zone 4,

Investigations revealed that the news report on the allegations are unfounded, cheap blackmail, total falsehood and deliberate attempt to bring the image of the official into disrepute

Findings carried out however revealed that the land at Anwan Sarkin Mada was sold to Madaki by his cousin ,Muazu Ishaq a retired Permanent secretary for N700,000 which payment was made in three installment. The land at Angwan Chediya as it was indicated in survey published in the news was purchased from one late Alh Zakari Jibirin through his friends Alh Abbas Ibrahim, Bagobiri and Abdullaziz Badamasi a.k.a Soja for N600,000 between 2011 and 2012 payment was completed.

While the land at Angwan Kyero along Madubi Road was purchased in ,2010 from Magajin Garin Bagaji, Kasimu Yahaya through his first son, Hamza kasimu for N150,000.The payment was made through Gaskiya Auta the present APC chairman Karu local Govt and the total cost of these lands was 1.45M as against the purported N10B claimed in the news report being published in some sections of the media especially the online media.This was confirmed by the vendors and some of their witnesses.

Our investigations further revealed that the lands at Angwan Monday and Angwan Saka belong to Madaki dynasty, the man behind the false report dubiously collected the survey plans from the family surveyor one Bature Musa and changed the survey name to Madaki after he had cajoled Bature that some Generals wanted to buy large hectares of lands and they preferred individual well known to represent the family preferably Alh Abubakar Aliyu Madaki.

In an interview with the Magajin Garin Keffi Alhaji Balarabe Ismaila na Kaibo who is the family Head of Maje Gunduma family, he disclosed that when he was asked to chose someone to represent the family he agreed that the name of Abubakar be used to sell the land as he, Magajin Gari is bed riden hence he chose Madaki to represent the family

He claimed that the family has vast hectares of land saying from keffi to Gitata all the land belong to Maje Gunduma include “where Army Barracks is located in Keffi is our family land you can go and cross-check the fact from the authority” The family Head said

On the N450 million mansion in Wuse claimed to had been owned by Madaki and another N200 million house bought for his lady friend, the writer failed to establish the exact address of the house in Wuse 2 as well as the seller of the house; how payment was made, which bank executed the transaction, colour and picture of the house in question among other details that would aid independent and proper investigation.

Secondly, the writer also failed to mention the name of the lady, the address of the house, mode of payment and the bank that carried out the transaction

Check revealed that Madaki has only a car and he used to come from Keffi to his office in Abuja every day while he uses his only Toyota highlander Sport Utility Van ( SUV)for his office work and for other run around activities.

One of the commission operatives who preferred anonymity said that the senior operative could not pay school fees of one of his children in the Nasarawa state University till the school closed its portal. He said when the commission chairman, Ibrahim Mustapha Magu heard of the development he shouted and felt bad

Further investigation also revealed that the poultry farms was inherited from his late Father who was a prominent farmer.Our correspondent who visited the farms reported that the farming activities there were generally declined due to financial constraints.

The poultry farm with almost ten pegs ,only three pegs were in used with 4,000 birds as against 15000-20000 that his late daddy used to rear . Indications also showed that cattle rustlers struck recently in his farm and made away with 71 cows out of 91 cows in the farms.

Investigations carried out in Madaki’s village- Gunduma and within the anti-graft commission revealed that the brain behind the purported news was a man who has some projects worth over N3B in Gunduma but the commission is investigating the source of his wealth in which he erroneously believed that it was Madaki’s who instigated the probe.

When our correspondent visited Gunduma in Karu local government reports indicated that the man’s projects was located along Keffi-Jos road after Army Barracks. The man who came to invest in the area initially told the villagers that the project was filling station, later he said bakery , at a stage he turned it to an estate but presently the man said it is a private university, the development however confused the villagers on whether the man really knows what he is doing.

A source within the commission who narrated how the man behind the purported news taught Madaki masterminded his probe said one Monday when madaki was coming to office from home in Keffi , there was gridlock and he called one of his colleagues Hamza Abdullahi in the office to hold forth for him at the meeting but later said the commission has sent him out not knowing the operative and his colleagues were going to Madaki’s village, gunduma to carry out investigation on the man .

Madaki was said to be at the meeting when the man called and told him that EFCC were in his house at Gunduma while Madaki inquired who were the operatives but he said he was in Abuja so, when he got to Gunduma he called and handed over the set to the operatives who turned out to be Hamza, Madaki told Hamza that he was going to his village for operation and he did not brief him but Hamza said he never know the place to be Madaki’s village .

According to the source ,Madaki however advised that they should do their work according to the law and not to harass anyone and he equally advised the man to corporate with the operatives. Around 4pm the man called Madaki and said that they have finished their work but they insisted they were taking him to Abuja ,Madaki pleaded with Hamza so that the man would not be detained and the man was released after writing his statement

It was gathered that the next day the man called Madaki instead of showing appreciation accused him of sending EFCC operatives to his house and madaki denied since then the man has embarked on campaigns of calumny against Madaki, vowed to ruin his name even when he sponsored the publication against Madaki, he didn’t hide it as he was sending the news report to many people including Madaki’s uncle, cousins and other relations .

Efforts to reach out to the man proved abortive as he was not at Gunduma when our correspondent visited his site and most of people at the site looked very hostile when the reporter asked of the man

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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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