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UPDATE: Unity Bank N7 Billion Scandal

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Fresh facts have emerged on Unity Bank N7billion scandal as the Special Presidential Investigation Panel for the Recovery of Public Property on Tuesday, May 21st, 2019 faulted the denial by the bank of the alleged N7billion indebtedness to some ministries, departments and agencies of the Federal Government.
The panel in a statement by its Head, Media & Communication¸ Lucie-Ann Laha, renewed its threat to “visit full force of the law upon the bank” if it failed to desist from its denial.

Faulting the bank’s claim, the panel, in its statement on Tuesday presented what it referred to as “the handwritten resolution reached at the reconciliation meeting, duly signed by representatives of the panel and the bank.”

“The attention of the Special Presidential Investigation Panel for the Recovery of Public Property has been drawn to the statement by Unity Bank refuting the Panel‘s assertion that the bank is to refund over N7bn to the Federation Account in respect of excess and arbitrary charges on Federal Government accounts that were domiciled therein before the advent of TSA.”

“Below is the handwritten resolution reached at the reconciliation meeting, duly signed by representatives of the panel and the bank. Unity Bank will do well to desist from its denial and honour its agreement, pay its debts to the Federal Government; otherwise, the panel will be constrained to visit the full force of the law upon the bank.”

It is interesting to know that the SPIPRPP, led by Mr Okoi Obono-Obla, had on Monday, May 20th, 2019 said it might charge the bank with economic sabotage should it continue to fail to remit the money to the Federal Government’s Treasury Single Account.

In a statement by Laha, the SPIPRPP, said the N7bn “represents the sum of $15,561,769.99 and N1,488,455,810.90), being excess and arbitrary charges on accounts of some agencies of government by the bank before the institution of Treasury Single Account.”

The statement said the agencies from whose accounts the “excess and arbitrary charges” had been deducted by the bank were the Nigerian Ports Authority, the Nigerian National Petroleum Corporation, the Nigeria Customs Service, the Kaduna Refinery and the Nigerian Maritime Administration and Safety Agency.

It stated that the bank had agreed on the amount earlier in February, this year but “has neither proffered a payment plan nor demonstrated good faith by actually initiating payments.”

The bank, through its Head, Corporate Communications, Mr Matthew Obiazikwor, denied any indebtedness to MDAs or any agreement to return money to the TSA.

“The bank therefore maintains that the allegations of the SPIPRPP are superfluous, frivolous, ill-motivated and unfounded, as falsely presented in a press statement purportedly sent to the public.”

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Ex Governor Abdullahi Ganduje, Wife, others To Be Arraigned April 17 Over Dollar Video…..

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The Kano High Court is set to arraign Kano State’s immediate previous governor, Abdullahi Ganduje, on April 17, 2024, on charges of bribery, diversion, and theft of money, including the alleged acceptance of $413,000 and N1.38 billion in bribes.

Haruna Dederi, Kano State Attorney General and Commissioner of Justice, confirmed the situation, saying Ganduje would be charged with his wife and six others.

The accused individuals named in the summons are Abdullahi Umar Ganduje, Hafsat Umar, Abubakar Bawuro, Umar Abdullahi Umar, Jibrilla Muhammad, Lamash Properties Ltd, Safari Textiles Ltd, and Lesage General Enterprises.

The Kano State Government, which initiated the criminal suit against the eight respondents, has declared its readiness to present 15 witnesses to testify before Justice Usman Na’aba of State High Court number four.

“It is very true. We have filed the case and it’s going to hold on the 17th of April, 2024. What I cannot confirm is whether he is served or not, but he will definitely be served,” he said.

Dederi further highlighted the significance of accountability in governance, remarking, “What he (Ganduje) doesn’t understand is that you cannot run away from the evil day, it will definitely come to you, and this will even serve as a deterrence to all of us that are also in government now.”

The commissioner also addressed the jurisdictional aspect of the case, asserting,
“He was saying that we can’t prosecute him, forgetting that the offence also falls under the category of the state offences,” he said.

“It’s not totally a federal affair and we have even appealed to Justice Liman ruling on that.”

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Just In: Emefiele arrives Lagos court for arraignment

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The embattled former Central Bank of Nigeria Governor, Godwin Emefiele, has arrived at the Ikeja State High Court in Lagos for
his arraignment over alleged abuse of office and allocation of billions of dollars.

Emefiele, alongside his co-defendant, one Henry Isioma Omole, will be arraigned on fresh 26 counts before Justice Rahman Oshodi this morning.

In the charge marked ID/23787c/2024 and dated April 3, 2024, the EFCC alleged that Emefiele abused his office between 2022 and 2023 in Lagos.

The commission alleged that the former CBN governor “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.”

Details later…

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Look Beyond Sentiments, Fagade Urges Critics of Tinubu’s Appointments… Congratulates FIRS Boss, Zacch Adedeji

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Businessman and chieftain of the All Progressives Congress (APC) in Oyo state, Chief Abisoye Fagade has told those accusing President Bola Ahmed Tinubu of nepotism to jettison primordial sentiments, vindictiveness and bitterness with a view to supporting the current administration in its drive to take Nigeria out of the doldrums.

Fagade’s submission came against the background of insinuations from some quarters that appointments made so far by President Bola Tinubu was skewed in favour of the Yoruba ethnic group or people in the south western part of the country even though there have been counter reactions from eminent personalities from all parts of the country that the accusation of nepotism against Mr. President was unfounded and invalid.

In a statement issued on Wednesday and made available to journalists in Ibadan, Fagade described the Tuesday confirmation of Dr. Zacch Adedeji as the substantive chairman of the Federal Inland Revenue Service (FIRS) by the Nigerian Senate as “a step in the right direction taken to facilitate the quick realization of economic recovery agenda of the Tinubu administration.

“The appointment of Dr. Adedeji as the FIRS boss as well as other cerebral financial and economic management experts to man one key post or the other in the current administration will no doubt yield the desired results as Nigerians should expect economic rejuvenation, wealth creation and naira stability in no time. Governance is no tea party and one fundamental thing in the life of any government is having the right peg in the right hole and not the other way round.

“It is essential we congratulate our own Zacch Adedeji on the confirmation of his appointment as the FIRS boss by the Nigerian Senate in view of the fact that our confidence and trust in him as a competent administrator, seasoned financial expert and unique patriot remain constant. There are high expectations about Nigerian economy being diversified for obvious reasons by the Tinubu administration and we believe with the likes of Adedeji in FIRS, the goal would be achieved sooner than later.

“Above all, we appeal to all stakeholders in the affairs of our dear country to always eschew jingoism, ethnic biases or religious consideration on any matter relating to the interest of the most populous black nation in the world. The time to fix Nigeria is now and with the person of President Tinubu at the helms of affairs, the massive turnaround desired in our socio-economic and political architecture would begin to materialize very soon and it would not only be consolidated but also sustained for the collective benefits of all and sundry”. Fagade stated.

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