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Try Suspects In 103 Graft Cases, 15 Missing Files, SERAP Tasks Buhari
The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari requesting him to “instruct Minister of Justice and Attorney General of the Federation, Mr Abubakar Malami, SAN, to take immediate steps to expeditiously, diligently, effectively and fairly prosecute high-profile corruption cases, and to publish details of the whereaabouts of allegedly missing case files, as well as the status of prosecution of all the cases being handled by his office.”
The organization said: “The high-profile corruption cases include 103 cases reportedly sent by the Economic and Financial Crimes Commission (EFCC) in 2017, and the 15 allegedly missing case files sent by the now defunct Special Presidential Investigation Panel on the Recovery of Public Property (SPIP) in 2019 to Mr Malami.”
In the letter dated September 26, 2020, and signed by SERAP Deputy Director, Kolawole Oluwadare, the organization said: “The authorities’ failure to diligently and expeditiously prosecute high profile corruption cases amounts to a fundamental breach of constitutional and international obligations. Continuing failure to prosecute these cases may create the perception of a deliberate effort to protect those considered to be very influential and powerful.”
According to the organization: “The fact that these cases have been pending for several years suggests that your government has not carried out its public, constitutional and international obligations, including the obligations to show that no one is above the law as far as the fight against corruption is concerned.”
The organization said: “Public interest demands that high-profile corruption cases are concluded within a reasonable time so that those guilty are punished and the innocent are set free. The rule of law and the preservation of democracy also require that the authorities duly proceed in accordance with the law against every high-profile person suspected of grand corruption, irrespective of where he/she is placed in the political hierarchy.”
The letter, also copied to Malami, read in part: “SERAP is seriously concerned about the apparent inertia by the authorities to diligently and expeditiously prosecute high-profile corruption cases. While many of these cases have been dragging before your assumption of office in May, 2015, several of the cases have not satisfactorily progressed, contrary to Nigerians’ expectations.
“Speedily, diligently, effectively and fairly prosecuting high-profile corruption cases would demonstrate your government’s commitment to enhance probity in public life and willingness to enforce accountability in public life. The basic postulate of the concept of equality: ‘Be you ever so high, the law is above you’, should be your government’s approach to high profile corruption cases.
“Our requests are brought in the public interest, and in keeping with the requirements of the Nigerian Constitution 1999 (as amended) particularly Section 15(5), and Nigeria’s international obligations, including under the UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption, as well as the rule of law.
“We hope that the aspects highlighted will help guide your actions in acting to ensure the diligent, expeditious and effective prosecution of longstanding high-profile corruption cases, including the 103 cases and the allegedly missing 15 case files of high-profile corruption suspects.
“We would be grateful if your government begins to implement the recommended action and measures within 14 days of the receipt and/or publication of this letter.
“If we have not heard from you by then as to the steps being taken in this direction, the Registered Trustees of SERAP shall take all appropriate legal actions to compel your government to pursue prosecution of these longstanding high-profile corruption cases to their logical conclusion, and to regularly report to Nigerians on the progress of prosecution.
“People get frustrated in the system if the process of justice is not allowed to take its normal course, more so, when apparently deliberate attempts are made to subvert and delay the process.
“There is a nexus between corruption at high places in public life and threats to the integrity, welfare, security and economy of the country, as well as the rule of law. There is therefore a clear need for an expeditious, diligent and effective prosecution of these cases, which have already been delayed for several years.
“Expeditious prosecution of those suspected of grand corruption irrespective of the position and status of that person is imperative to retain public confidence in the ability and willingness of authorities to prevent and combat corruption.
“According to our information, details of about 103 high-profile corruption cases being handled by the Economic and Financial Crimes Commission (EFCC) were reportedly made available in 2017 to the Office of the Attorney-General of the Federation and Minister of Justice upon request.
“Further, the case files of 15 high-profile corruption suspects are allegedly missing. The missing files are among the 23 cases reportedly sent by the now defunct Special Presidential Investigation Panel on the Recovery of Public Property (SPIP) in 2019 to Mr Malami, and include some charges of fraud involving some former governors and senators, as well as non-declaration of assets and possession of foreign accounts cases.”
The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank, six Fintechs and some microfinance banks in major financial scams by allowing fraudsters to launder huge sums of money.
Director of public Affairs of the Commission, Mr Wilson Uwujaren, made this known at a press briefing at the commission’s headquarters in Abuja, yesterday.
According to him, the compromised institutions allegedly allowed cryptocurrency transactions worth N162 billion to pass through without proper due diligence within the 2024/2025 financial year.
He said that the financial institutions clearly compromised banking procedures and allowed the fraudsters to safely change their ill-gotten gains into digital assets and move them to safe destinations.
“A total sum of N18.1 billion was moved through the financial system without due diligence of customers by the banks.
“It is worrisome that investigations by the commission showed that cryptocurrency transactions to the tune of N162 billion passed through a new generation bank without any due diligence.
“Investigations showed that a single customer maintained 960 accounts in another new bank and all the accounts were used for fraudulent purposes.
“That is bad news but the good news is that following our intervention the commission has been able to recover N33.62 million, which has been returned to some of the victims.”
He explained that the scams were in two categories, adding that the first was a syndicate of fraudsters that employed an airline discount scheme to lure their victims.
He said that they advertised a discount system for the purchase of flight tickets of a particular foreign carrier.
“The payment module is designed in such a way that the victims’ payment is actually made into the account of the airline.
“After payment is made the passenger’s entire funds in his bank account are emptied.
“Investigations showed that more than 700 victims have been scammed so far, with a loss of N651 million,” he said.
According to him, investigations show that the scheme is being masterminded by a foreign national; the commission has so far recovered and released N33 million to victims of the fraud.
He said that another scheme involved a company named Fred and Farid Investment Limited, simply called FF investment, which lured Nigerians into a bogus investment arrangement.
“More than 200, 000 victims have been defrauded in this regard. A total sum of N18 billion was raked in through nine companies offering diverse investment packages.
“The companies are: Credio Banco Limited; Deliberty Rock Limited; Liam Chumeks Global Service; Ngwuoke Daniels Technology; and Icons Autos and Import Merchant.
“Others are : Newpace Technology Services Limited, Primepath Ways Ventures Limited, Kaka Synergy Network Limited and Sunlight Tech Hub Services Limited.”
He said that foreign nationals were behind the schemes, while there are three Nigerian accomplices who have been arrested and charged to court.
He said that the masterminds were on the run and efforts are being made to bring them to book.
“The Commission is calling on regulatory bodies to bring financial institutions to compulsory compliance with regulations in the areas of Know Your Customers (KYC), Customer Due Diligence (CDD), Suspicious Transaction Reports (STRs) and others.
“Deposit Money Banks, Fintechs, Micro Finance Banks found to be aiding and abetting fraudsters should be suspended and referred to the EFCC for thorough investigation and possible prosecution.
“Negligence and failure to monitor suspicious and structured transactions by banks should no longer be allowed,” he said.
While cautioning members of the public to be wary of these actors, he said that the EFCC would continue its works against money laundering by fraudulent actors.
Uwujaren urged financial institutions to firm up their operational dynamics and save the nation leakages and compromises bleeding the economy.
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