Connect with us

Society

Ajaokuta Steel Company Boss, Sumaila Abdul-Akaba Faces EFCC Probe, Forced To Resign Over Alleged Mismanagement

Published

on

 

Sumaila Abdul-Akaba’s seven-year period as the Sole Administrator of Ajaokuta Steel Company Limited has been forced to an end, as he now faces a probe by the Economic and Financial Crimes Commission (EFCC).

We learnt that the company prepared a memo saying Abdul-Akaba completed his tenure in office but it was understood that the EFCC probe actually abruptly ended his administration and forced his resignation.

 

 

 

The internal memo obtained by SaharaReporters claimed that his tenure simply elapsed on October 10, 2024.

 

 

According to the memo, dated October 14, 2024, from the Head of General Administration, Mr. Ahmed, S.A., Abdul-Akaba’s departure “was merely a result of completing his tenure, not resignation.”

 

 

 

“The Ministry of Steel Development has approved Kanwai Atungs Joseph, the most senior Engineer and General Manager of Engineering Works, to oversee the company’s affairs until a new Sole Administrator is appointed.”

 

 

The memo added, “Following the completion of the tenure of Engr. Sumaila Abdul-Akaba, FNSE on 10th October, 2024, the Ministry of Steel Development has approved that the most senior Engineer in the Company, Engr. Kanwai, Atungs Joseph (General Manager -Engineering Works) to oversee the affairs of the Company pending the appointment of a substantive Sole Administrator.

 

“All Head of Departments are to bring this information to the attention of all staff and enjoined them to accord him their full cooperation.”

 

We learnt that despite the memo stating that the tenure of the outgone Sole Administrator elapsed on October 10 according to the memo, he actually left office on October 14, four days after the expiration of the purported tenure.

 

Meanwhile, sources told SaharaReporters that the Minister of Steel Development, Prince Shuaibu Abubakar Audu, has also resubmitted his name to the Senate Committee on Steel Development for reappointment in contravention of extant laws establishing Ajokuta Steel.

 

We have it in good authority that the Minister has submitted his name to the Senate for reconfirmation as the next Sole Administrator of Ajokuta Steel Company. Meanwhile, while the memo of October 14, stated that he has completed his tenure on October 10, why was he in office till October 14? Again there’s no company or federal government parastatal that the tenure of its leadership is beyond five years,” stated one of the sources.

 

 

“So we suspect that because of the petition to the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Minister and ministry realised that his tenure in office has elapsed to stall investigation of his corruption activities.”

 

The Nigeria Ethnic Nationalities Youth Leaders Council (NENYLC) had in September, petitioned the anti-graft agencies alleging corrupt practices and mismanagement under Abdul-Akaba’s leadership.

 

The group cited widespread allegations of job racketeering, kickbacks, inflated contracts, and diversion of funds meant for the company.

 

The EFCC in acknowledgement letter of the petition, numbered EFCC/PET/HOR/2914/2024, stated “This is to certify that the petition with the following details was received by the commission on this day, Wednesday 4th September, 2024 at 03:14PM.

 

The petition was titled: “Petition to the EFCC Corrupt practices and mismanagement at the Ajaokuta Steel Company.”

 

Source: Sahara Reporters 

Continue Reading
Advertisement

Society

Just In: Dr Doyin Okupe Is Dead

Published

on

By

 

Dr. Doyin Okupe, a prominent Nigerian physician, politician, and former presidential aide, has died.

 

He passed away at the age of 72.

 

According to sources close to the family, Dr. Okupe had been critically ill in the weeks leading up to his demise.

 

His health had reportedly deteriorated significantly, prompting concern among his loved ones and supporters.

 

A reliable source confirmed that his death was linked to cancer, marking the end of a long struggle with the illness.

 

 

It was reported  in October 2023 that Okupe was hospitalized with prostate cancer and was flown to Israel for treatment.

 

However, it was learnt that his condition did not improve as he and his family expected.

 

Okupe was first diagnosed with prostate cancer 16 years ago and later developed sarcoma in his right shoulder.

 

Continue Reading

Society

Alleged $340,000 Fraud:  Court Adjourns Mercy Chinwo’s Ex-Manager’s Case till May 14

Published

on

By

 

Justice A.O. Owoeye of the Federal High Court, Ikoyi, Lagos, has adjourned the alleged $340,000 fraud case involving Ezekiel ThankGod, former manager of gospel artiste, Mercy Chinwo till May 14, 2025 for hearing.

 

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC had filed a three-count charge against him bordering on money laundering and dishonest conversion to the tune of $340,000.

 

One of the counts reads: “That you, EZEKIEL ONYEDIKACHUKWU THANKGOD and EEZEE GLOBAL CONCEPTS LIMITED sometime in 2023, directly retained the sum of $260,494 (Two Hundred and Sixty Thousand Four Hundred and Ninety-Four USD) in EEZEE GLOBAL MINISTRY Zenith Bank Plc account number, which sum you reasonably ought to have known forms part of the proceeds of an unlawful activity, the dishonest conversion of the said sum, property of Mercy Chinwo and Judith Kanayo.”

 

The offence is contrary to Section 18(2)(d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.

 

He was to have been arraigned alongside his company, Eezee Global Concepts Limited, on February 17, 2025 but his absence stalled his trial. The court had also issued a bench warrant for his arrest and ordered him to appear in court today March 6, 2025 either by the subsisting bench warrant or production by his counsel.

 

His counsel, Dr. Monday Ubani, SAN had also assured that he will be in court on the adjourned date.

 

At the resumed sitting on Thursday, prosecuting counsel, Bilkisu Buhari informed the court of the prosecution’s readiness to arraign the defendant who was present in court.

 

“The matter is for arraignment and subject to the court’s overriding convenience, we are ready to commence,” she said.

 

Justice Owoeye, however, held that: “There is an administrative procedure on this matter and I cannot proceed until the determination of the procedure.”

 

The case was thereafter adjourned till May 14, 2025 for hearing.

Continue Reading

Society

Court Dismisses Businessman, Funtua’s Suit Seeking To Stop EFCC’s Probe Over Alleged Fraud

Published

on

By

A Federal High Court in Abuja and presided over by Justice Emeka Nwite has thrown out a suit seeking to compel the Attorney General of the Federation and Minister of Justice, AGF, Mr Lateef Fagbemi, SAN, to stop the Economic and Financial Crimes Commission, EFCC, from investigating allegations of fraud and economic crimes allegedly committed by a businessman, Abu Samaila Isa Funtua.

The presiding judge dismissed the case on Monday, February 24, 2025 on the ground that the request of the businessman lacked merit and substance.

 

Delivering judgment in a fundamental rights enforcement suit against AGF and EFCC, Justice Nwite held that AGF has enormous power to take over proceedings in criminal matters but held that such enormous powers are not at large.

Justice Nwite said that under Section 43 of EFCC Act 2004, the anti-graft agency was not under any obligation to take advice from any ministry or agency to drop its statutory powers to initiate investigation into any alleged economic crimes.

The businessman had in his suit marked FHC/ABJ/CS/2024 sued the AGF and EFCC complaining of unlawful investigation into some business transactions involving him and others.

He alleged that EFCC was biased and mischievous in the ways and manners he was being investigated.

Specifically, Funtua alleged that EFCC was acting the script of his business adversaries to cause investigation against him without telling him the nature of his offence or show any petition against him.

Funtua subsequently asked Justice Nwite to issue an order of mandamus against the AGF to order EFCC to drop the investigation and direct any other security agency of the federal government to take over the investigation.

However, in his judgment, Justice Nwite held that Section 174 (3) of the 1999 Constitution upon which the case was predicated did not confer any power on the AGF to nominate any agency to conduct investigation into economic crimes or financial breaches.

The judge held that in the exercise of its statutory duties, the EFCC was not under any obligation to obey directives from any ministry or government department.

Justice Nwite said that Section 43 of the EFCC Act 2004, has no ambiguity to the fact that the anti-graft agency shall have powers to initiate investigation into alleged economic crimes and initiate prosecution of those indicted in the process.

He subsequently dismissed the suit for want of merit and substance.

Continue Reading

Trending