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Maina: EFCC ‘Re-Looted’ 222 Recovered Assets Worth N1.63trn, Witness Tells Court

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A witness, Mr. Ngozika Ihuoma, yesterday, narrated before the Federal High Court in Abuja, how the Economic and Financial Crimes Commission (EFCC), under its former Acting Chairman, Ibrahim Magu, mismanaged 222 assets worth N1.63trillion, which he said was recovered by the defunct Pension Reform Taskforce Team (PRTT).

Ihuoma, who appeared as the first defence witness, DW-1, in the ongoing trial of the erstwhile Chairman of the disbanded PRTT, Abdulrasheed Maina, told the court that Magu admitted before the Justice Ayo Salami Judicial Commission of Inquiry, that he shared most of the properties based on a presidential directive.

“Magu admitted before Salami that he shared and allocated most of these properties to most of his friends, associates and colleagues under some presidential directives, but failed to make available to the commission the evidence of that presidential directive”.

The witness told the court that he is a management consultant.

He said his firm, Crincad & Cari Nigeria Limited, was contracted by the PRTT for consultancy service.

He told the court that one of the choice properties the PRTT recovered and handed over to EFCC, was grossly undervalued from N6billion in 2011 and sold to renowned lawyer in 2015 for N1billion.

“One of the properties in question located at No 42, Gana Street, Maitama, was illegally acquired by a renowned lawyer while the property was still subject to litigation,” the witness added, insisting that EFCC should be made to account for all the recovered assets.

Led in Evidence-in-Chief by Maina’s lawyer, Adeola Olawale, the DW-1, told the court that the PRTT wrote to President Muhammadu Buhari shortly after he assumed office in 2015, and expressed its willingness to make available to him intelligence that would lead to the recovery of over N3trillion hidden in undisclosed accounts in some banks.

He said on the basis of the letter, Buhari, in January, 2016, sent the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the National Security Adviser (NSA), to have a meeting with Maina in Dubai, United Arab Emirate (UAE).

“After the meeting in Dubai, Maina gave the delegation intelligence report that led to the recovery of N1.3trillion out of the N3trillion promised to recover.

“The money was reported to the Senate Committee that investigated Maina’s reinstatement back to the civil service in 2017.

“Equally, the task team petitioned the Senate on the need to revisit the 7th Assembly Joint Committee that its report was quashed by the Federal High Court in view of the fact that the 222 choice property valued at N1.63trillion that was handed over to the EFCC have started to be mismanaged”.

Ihuoma noted that when the ex-EFCC chairman appeared before the House of Representatives Committee that investigated the reinstatement of Maina back to civil service, he said Magu denied that the anti-graft agency was a member of the PRTT.

He said Magu equally denied that the pension reformed team handed over any recovered property to the commission.

The witness said he was irked by Magu’s claim, and he accordingly petitioned the AGF, Malami, through his company, informing him that the former EFCC boss lied on oath before the House of Reps committee that the agency was not part of the PRTT, despite the existence of the instrument that established the task force and its terms of reference.

He said it was due to the letter by his company that Malami sent a petition to President Buhari, “demanding that EFCC should account for the 222 property valued at N1.63trillion”.

He said Malami’s petition eventually led to the setting up of the Justice Salami-led panel of inquiry.

Continuing his testimony, the witness, told the court that Maina gave intelligence report to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), about a plan to siphon N35bn from the Head of Service Pension Office.

He said the intelligence led the commission to question the former HoS, Mrs Winifred Oyo-Ita and five other management committee members.

According to the witness, Maina equally gave intelligence report to the then Minister of Finance, Dr Ngozi Okonjo-Iweala and EFCC in March, 2013, which led to the mop-up of N15billion from Customs, Immigration, Prison Pension Office (CIPO).

Ihuoma said that Maina was the only member of the team that was sacked, even though the running cost of the PRTT was not paid by the Federal Government.

He said that one B. G. Kaigama, who served in the team, is currently a director and second in command in Pension Transition Arrangement Department (PTAD).

“G.T Idris, who represented ICPC, is now at NIPSS undergoing a one-year course leading to his promotion to a rank of full commissioner of police.

“Even Winifred Oyo-Ita, who managed the Head of Service Pension Office as interim management committee became the Head of Service (HoS) of Federation where she used that office to stop Maina’s reinstatement since 2017,” the witness added.

He further told the court that another former EFCC Chairman, Mr. Ibrahim Larmode, who was also a member of the team, was promoted to the rank of Assistant Inspector General of Police (AIG).

“We stand to say that Maina deserves to be reinstated back as approved by the Federal Civil Service Commission in 2017 and if possible, in line with the recommendations of the House of Representatives to the then President Goodluck Jonathan, be made to return to service and assist in cleaning up the pension matters now that the issue of pension is going haywire again.

“We believe this trial is not in the interest of pension reformed task team which EFCC was a member,” he said.

Trial Justice Okon Abang adjourned further hearing in the matter to today.

Maina is answering to a 12-count money laundering charge the EFCC preferred against him and his firm – Common Input Property and Investment Limited.

The EFCC earlier closed its case against the Defendants after it called a total of nine witnesses, even as the court ordered Maina to open his defence to the charge.

In the charge marked FHC/ABJ/CR/256/2019, EFCC, alleged that Maina used a bank account that was operated by his firm and laundered funds to the tune of about N2billion, part of which he used to acquire landed properties in Abuja.

It told the court that the 1st Defendant (Maina) used fictitious names to open and operate various bank accounts, as well as recruited his relatives that were bankers to operate fake bank accounts through which illicit funds were channelled.

The Prosecution maintained that the Defendants committed criminal offences punishable under sections 11(2) (a), 15(3), and 16(2) (c) of the Money Laundering Prohibition Act, and also acted in breach of the Advance Fee Fraud Act.

The Defendants, who were arraigned on October 25, 2019, pleaded not guilty to charge.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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