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SERAP Urges FG To Probe ‘Missing’$12.4bn Oil Windfall

The Socio-Economic Rights and Accountability Project (SERAP), has sent an open letter to the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), asking him to “use your good offices as a defender of public interest, and exercise your powers under Section 174(1) of the Constitution of Nigeria, 1999, and Sections 104–106 of the Administration of Criminal Justice Act, to re-open the unresolved case of the ‘missing’ $12.4billion oil windfall.”
The organisation asked Malami to “establish the truth about what exactly happened to the public funds reportedly spent between 1988 and 1993 by the government of former military President, Gen. Ibrahim Badamasi Babangida.”
The letter, dated August 19, 2016, and signed by SERAP Executive Director, Adetokunbo Mumuni, urged Malami to “work diligently and effectively to find and publish widely the Pius Okigbo panel report, as well as bring to justice anyone suspected of corruption and mismanagement of the colossal public funds.”
The letter reads in part: “SERAP has for many years sought explanations and official release of the Pius Okigbo panel report, which the government voluntarily established but successive governments have blocked every chance to make this happen, even claiming that the report of the panel could not be found. SERAP’s request is entirely consistent with established legal principle that in matters relating to crimes, including corruption, time does not run against the state.
“Reopening the case would also send a clear message that cases of high-level official corruption would not go unpunished, no matter how long it takes, and that suspected perpetrators would be held to account, no matter who is involved.
“SERAP also believes that re-opening the unresolved case of the ‘missing’ $12.4billion oil windfall would serve as a litmus test for the government of President Muhammadu Buhari oft-repeated commitment to transparency, accountability and the fight against corruption in the country.
“Full accountability for the missing public funds would contribute to ending impunity of high-ranking public officials for large scale corruption and provide effective remedies to victims of corruption.
“SERAP believes that Nigerians have the right to their natural resources and wealth and to economic development, as guaranteed by Articles 21 and 22 of the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act), the rights that are being denied by the failure of successive governments to resolve the case of the ‘missing’ $12.4billion oil windfall. “The government of President Buhari has the duty to find the Okigbo panel report, and to pursue accountability on the spending of the accrued revenue. Such duty exists on the basis of Article 9 of the African Charter on Human and Peoples’ Rights, which has become part of our national laws, as well as the provisions of the Freedom of Information Act.
“Reopening the case would help to provide adequate reparation, which may take the form of restitution, compensation, satisfaction or guarantees of non-repetition to millions of Nigerians that have been denied their human rights as a result of the failure by successive governments to ensure transparency and accountability in the spending of $12.4billion oil windfall.
“We hope that you would act swiftly in this case and do justice by reopening the case, publishing the Okigbo panel report and holding to account anyone suspected to be responsible for the missing public funds.
“SERAP notes that the Federal Government in 1994 set up the Pius Okigbo Panel to investigate the activities of the Central Bank of Nigeria (CBN) and recommend measures for the re-organization of the bank. In the course of its assignment, the Okigbo panel found that the $12.5 billion in the Dedicated and Special Accounts had been depleted to $100 million.
“The panel recommended that the Dedicated and Special Accounts be discontinued. The panel also recommended the immediate re-organization of the Central Bank of Nigeria. In line with the said recommendations, the Dedicated and Special Accounts were discontinued while the Central Bank of Nigeria was re-organized. But the truth about what exactly happened to the ‘missing’ $12.4 billion oil windfall is yet to be known,” SERAP emphasised.
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Wike, Promise Keeper – Eze Gbakagbaka
His Majesty, Eze Oha Evo III, King Leslie Nyebuchi Eke, has described the Rivers State Governor, Nyesom Ezenwo Wike, as an astute leader and a promise keeper.
Eze Eke stated this when he spoke with newsmen at the commissioning of Rumuigbo internal roads in Obio/Akpor Local Government Area, yesterday.
Governor Wike, he said, has so far proven that he has the interest of the state at heart, and expressed satisfaction over the Governor’s continuous project execution even towards the end of his administration.
According to him, the internal roads built by Governor Wike have opened the area to new trench of business and economic activities.
He noted that the community has now become a bee hive of business activities due to the roads.
The Evo King recalled how floods ravaged the area in recent times, but said such now belong to history due to Wike’s intervention.
On the recently commissioned phase one of the Trans-Kalabari Road, he said it has exposed the riverine communities to business activities as well.
He noted that the prices of commodities in the area will now stabilise as more business operators will be trooping into the place.
“The jinx of monopolistic operation is now broken. Everyone in the area will now be moved to do one business or the order. I think the Trans-Kalabari Road is one in million. Kudos to Governor Nyesom Ezenwo Wike”, he said.
He also called on the people to jettison all forms of rancour and acrimony and give the in-coming administration under the leadership of Sir Siminialayi Fubara the needed support in order to enable him execute more people-oriented projects like the out going governor.
The monarch, who supported the idea of ‘Consolidated Government’, revealed that it would bring about rapid development in the state.
“My thinking is that Consolidation is necessary. For instance, the beauty of governance in Lagos State is that they maintained one party over the years, which has addressed the issue of abandoned projects”, he said.
The Governor Nyesom Wike-led administration has executed more projects in the state than any other government with no record of abandoned project.
By: King Onunwor
News
Pensioners Demand Separate Ministry Under Tinubu’s Govt

Nigeria Union of Pensioners (NUP) has called on the President-elect, Sen. Bola Tinubu, to create a ministry that will be saddled solely with the responsibility of addressing the plights of retirees in the country.
The South-West zone of NUP made the call after its quarterly meeting in Abeokuta, yesterday.
The Tide source reports that the meeting was attended by chairmen and secretaries of NUP from Ogun, Oyo, Ondo, Osun, Lagos and Ekiti states.
Speaking with newsmen after the meeting, the Zonal Public Relations Officer of NUP in the zone, Olusegun Abatan, said that the creation of the ministry would turn the fortunes of pensioners around in the country.
Abatan called on Tinubu to do more for pensioners when he assumed office as president.
“President Muhammadu Buhari has done quite a lot for pensioners. He really helped them and so we are appealing to Tinubu to please give the matter of pensioners serious attention.
“We want a separate ministry that will be solely addressing matters that have to do with pensioners under the administration of Tinubu,” he said.
Abatan alleged that governors of South-West states were owing pensioners in the zone huge sums as gratuities and pensions.
He urged all the governors in the zone to implement the consequential adjustment and the 35 per cent increment in pensions without further delay.
Abatan particularly cited Ogun, Ekiti and Osun states where he claimed that the gratuities of pensioners were paid last in 2012.
“They are owing arrears of pensions, gratuities and other entitlements, including gratuities and entitlements to the next of kin of some deceased pensioners.
“We want to appeal to our governors to step up their interests in the affairs of pensioners,” he said.
News
We’ll Defend PDP’s Mandate Secured During The Election In Rivers -Wike

Rivers State governor, Chief Nyesom Wike, says the Peoples Democratic Party (PDP) in the State will defend the mandate that was been given to all of its candidates in the 2023 general election.
The governor noted that soon the various election tribunals will commence sitting where the mandate will be challenged, but the PDP will stand in defence of its candidates to ensure that the mandate is not stolen.
Governor Wike gave the assurance when he spoke at a luncheon organised to celebrate the PDP candidates who won their election and have been presented with their Certificates of Return by the Independent National Electoral Commission.
Those honoured with the luncheon at the Banquet Hall of Government House in Port Harcourt on Wednesday were the Governor-elect, Sir Siminialayi Fubara, Deputy Governor-elect, Prof. Ngozi Odu and other elected Representatives of Rivers State to the National and Rivers State House of Assembly.
Governor Wike pointed to the fierce political battle that was experienced during the general election and that if not for God, the victory that PDP is celebrating today would have eluded it.
The Rivers State governor told those who have been elected to the National Assembly to support every cause that promotes national unity, while placing the interest of the State paramount at all times.
He explained the importance of working in tandem with the State on any cause, whether it is suiting to them or not, but because it is expedient in advancing the interest of the State.
Governor Wike pointed to some Rivers leaders who went to Abuja and betrayed the interest of the state. He said they have become the greatest losers and fallen out of relevance in the State.
The governor also urged the elected representatives to trend with caution and never use their elevated positions to undermine or antagonise existing leadership structure in their various local government areas.
He told them not to abandon those who have contributed sundry efforts to ensure that their emergence at the polls was successful.
Governor Wike scolded Hon. Nwanaka Okpokiri, the member representing Ahoada West State constituency, for working against the success of the PDP in the last general election, but failed.
In his speech, Rivers State Chairman of PDP, Ambassador Desmond Akawor, said there is massive celebration across the State over the victory of the party in the last general election.
He noted as astute the leadership governor Wike provided in leading the party in a fierce electoral battle that has produced youngest governor-elect in Nigeria, Sir Siminalayi Fubara.
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