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Failed Banks: Odili, Lafiagi, Others Fingered

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Senators on Tuesday named Nigerians who abused their positions in banks, borrowed loans worth N53.3 billion, and refused to pay them back, which made the banks to go under.

A report presented to the senate by its committee on banking, insurance and other financial institutions listed a former governor, a former managing director of banks as contributors to such collapse.

A letter dated June 27, 2008 sent by the Nigerian Deposit Insurance Cooperation (NDIC) to the senate NDIC committee attached a list of ‘insider credits’ of 13 closed banks as at June 2008.

But it noted that in view of the fact that the accounts are insider related, the records are constantly reviewed and reconciled.

Those listed include former Kwara State Governor, Mohammed Lafiagi (N1,156,776.57 unlimited personal guarantee); Sanusi Ado Bayero (N45,003,963.93); former Gulf Bank Managing Director, Babajide Rogers (N11,874,216.56); Chrome Services and Related Companies chairman, Emeka Offor (N3,850,016,620) personal guarantee of Offor and 100,000 units of ordinary shares of Environmental Remediation Holding Corporation, USA), and another N3,850,016,620 loan without guarantee.

Victor Odili, N41,103,498.56 – fixed and floating debenture on the assets of the company, N2,628,979.05; N10,856,129.75.

Owner of liquidated All States Trust Bank now Federal Airports Authority of Nigeria (FAAN) chairman, Ebitimi Banigo, Nta Henshaw, and others (N48,551,995,304.83); former Progressive Peoples Alliance (PPA) Governorship candidate Remi Bakare (N1,093,247,535.40); Mike Ajegbo (N210,291,896.21); C.M. Ibeto (N643,340,680.92); and former Information Minister, Dapo Sarumi (N3,847 743.90).

Oluwaogbon Motors chairman, S.O. Bakare (N544,585,269.86 and N21,311,398.59); former City Express Bank chairman, Samuel Adedoyin; former City Express Bank chief executive officer, Sola Adeoti, Former Minister of State for Health, Funke Adedoyin (N5,131,275,864.01); and Angela Onyeador (N30,755,363.13-legal mortgage).

Committee chairman, Nkechi Nwaogu, noted that 50 banks failed because of the huge debts that were never paid, including 36 which crashed before consolidation in 2005, and 14 after consolidation.

But less than two minutes after she read out the list, threatening death text messages flooded her mobile telephone, according to Eyinnaya Abaribe who sat beside her.

Based on the death threats, senate president David Mark, directed the inspector general of police, Mike Okiro, to provide personal security for all the 12 members of the committee immediately.

He lamented that the debtors could go to the extent of threatening the lives of the committee members when they are supposed to be ashamed.

Mark told the committee members: “You have performed wonderfully well and there is absolutely nothing for you to fear because you have done what you ought to do for your country.

“All those sending text messages to you should think twice about what they have done to this country rather than having effrontery to send text messages to you.

“All of us here take collective responsibility for this report. It is not a report from senator Nkechi Nwaogu”

Chairman, Rivers State Council of Traditional Rulers and Oba of Ogbaland, HRM, Eze Chukwumela Nnam Obi (right), with former Head of State, Major-General Muhammadu Buhari as guests at the first Marshall Harry Memorial Lecture in Port Harcourt, last Monday. Chris Monyanaga.

Chairman, Rivers State Council of Traditional Rulers and Oba of Ogbaland, HRM, Eze Chukwumela Nnam Obi (right), with former Head of State, Major-General Muhammadu Buhari as guests at the first Marshall Harry Memorial Lecture in Port Harcourt, last Monday. Chris Monyanaga.

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Bello’s Gunmen After My Life, Family -Kogi Dep Gov

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Deputy Governor of Kogi State, Elder Simon Achuba yesterday alleged that the governor of the state has sent gunmen after his life.
Acbuba called on the inspector General of Police, the Department of State Services (DSS), the Army and other security personnel to safeguard his life, family members and his aides.
Achuba, who spoke with newsmen at his official residence in Lokoja said, “From all information at my disposal, the governor has mobilised gunmen to attack me.
“I want the police, SSS, IGP to know that if anything should happen to me, my family and aides, the governor should be held responsible.”
The deputy governor likewise called on the President to beam his searchlight on the state.

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LGAs Responsible For Farmers, Herdsmen Clashes In Nigeria -UN

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Zebulon Takwa, Peace and Development Adviser, Office of the UN Resident Coordinator in Nigeria, says poor Local Government administration is largely responsible for farmers-herdsmen clashes in Nigeria
Takwa, who gave the position in an interview with newsmen yesterday in Abuja, expressed concerns over “weak operational structures at the local government level’’.
He said that issues that were supposed to be addressed by local administration authority were left unattended to over a long period.
The UN official noted that most of the issues that escalated to crises ought to have been resolved at the local level by the authorities, traditional and religious leaders.
He decried the situation where structures for such prompt amicable settlement were not effective enough to prevent conflicts.
Takwa condemned the situation where most local government officials migrated to urban centres instead of concentrating on their primary responsibilities of settling crises, developing infrastructure and social amenities, among others.

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Reprisal Killing: Taraba Police, Tiv, Junkun Differ On Casualities

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The Police Command in Taraba State has said that only one individual was killed in what appeared to be a revenge for the alleged murder of a Junkun man yesterday.
While the Tiv claimed that no fewer than nine of their kinsmen were killed in Takum town, Takum Local Government Area of Taraba State on Tuesday, the Police said the figure was not true.
Takum is the hometown of Governor DariusIshaku who turned 65 today.
Multiple sources in Takum said trouble started yesterday morning when a Jukun man was killed on his farm along Takum-Wukari road, and irate Jukun youths in Takum went on the rampage, killing at least eight people in the town.
A resident of Takum, Mr. Nathaniel Jato, in a telephone interview with our Correspondent said the eight people killed in Takum town were all Tiv resident in the town.
“We counted at least eight dead bodies around General Hospital Junction and Zenith Bank around the Wukari roundabout.
“We were told that many people were killed around Rimi Primary school area, but there is tension, so we can’t go there.
“The Caretaker Chairman of Takum Local Government Council, ShibanTikari, has assured us that the situation will not escalate, but I am afraid the situation might degenerate if adequate security measures are not put in place,” he lamented.
Jato, who said there was threat that their houses would be attacked in the night, called on Governor Darius Ishaku and security authorities to quickly restore peace in the area to pave way for proper investigation of the matter.

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