Connect with us

Society

Bursted: Suspended NSITF MD, Adebayo Somefun accuses Ngige of hijacking management

Published

on

•‘N3.4b spent on approved training for three years’

THE suspended Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Adebayo Somefun, on Monday accused Labour and Employment Minister Chris Ngige of hijacking the management of the agency.

Somefun said the allegations against the suspended management were strange.

The embattled managing director explained that the N3.4 billion the minister said was spent on “non-existent training” was the money spent on training between 2017 and 2019, adding that the trainings were duly approved and carried out.

Somefun, who was testifying before a House of Representatives ad hoc committee in Abuja, also said Ngige acted outside the public service rules and circulars from the Secretary to the Government of the Federation (SGF) on how appointed chief executives should be sanctioned and Nigerian law of fair hearing.

The embattled MD told the committee that despite the achievements of the fund under his management, the minister levelled series of allegations against him without following laid-down procedure.

He said Ngige suspended the management and set up a panel to probe the same allegations he made.

The minister was absent at the hearing, but sent word that the committee should give him another date to appear.

Somefun said the normal procedure would have been for the board to investigate any allegation against the management and forward its report to the Permanent Secretary in the ministry, who would in turn forward same to the minister.

According to him, what the minister was expected to do was to forward the report to the Secretary to the Government of the Federation (SGF), who would set up an independent investigation panel before recommending a course of action to the President.

Somefun accused the Ngige of totalitarianism and queried: “How can an interested party be the one to appoint an investigative panel? This is against the principles of fair hearing.”

The suspended MD said the minister was being economical with the truth when he said the suspended management spent about N3.4 billion on non-existing trainings.

He tendered documents before the committee, which he claimed were evidence of approvals for the trainings, with the names of the beneficiaries, the certificates awarded to them and the payment made to them through a platform operated by the fund.

Somefun alleged that Ngige personally wrote letters to the Bureau of Public Procurement (BPP) and the Office of the Auditor General to investigate the fund, but did not wait for the report from the two agencies before suspending the management.

The embattled MD also claimed that while he was on his annual leave, the minister ordered the General Manager in charge of Finance to pay N81 million for a training that was allegedly not done.

He said: “When I returned from leave, I queried the GM, Finance, and insisted that the training must be held. That is one of my sins that I was not forgiven.”

Somefun also accused the minister of personally writing to the management to carry out some promotions, which he claimed were not in line with the rules of the organisations.

According to him, despite his insistence that it would cause disaffection among the workers, the minister said it must be carried out.

The suspended MD also alleged that the Secretary to the NSITF board was appointed by the minister without following due process.

He added that the minister unilaterally suspended the Acting President of Nigeria Employers’ Consultative Association (NECA) from attending the fund’s board meetings.

Both the suspended Executive Director of Finance and Investment, Jasper Azuatalam, and Executive Director of Operations, Kemi Nelson, said they were shocked by the reasons given for their suspension.

Azuatalam said: “I called the letter of suspension copy-and-past. The same letter they used to suspend the MD was the same letter given to me. I am not a member of the tenders’ board and have nothing to so do with procurement. But that was the reason for my suspension.”

Mrs. Nelson, who said she had built a reputation for herself and would not want anybody to tarnish it, also said she was accused of an offence she did not know anything nothing about and got suspended.

“My duty is operations. I have nothing to do with Finance and Procurement. I don’t spend money; I only bring in money into the fund. But they are accusing me of things that are outside the purview of my office.”

The committee also took evidence from the Permanent Secretary in charge of Insurance in the Office of the Head of Service, who, incidentally, is Ngige’s wife.

She told the committee that the letter she wrote to the Ministry of Labour and Employment was addressed to the Permanent Secretary and that it was to be communicated only to treasury funded agencies under the Ministry and not to NSITF which is not a treasury funded agency.

She explained that she was only performing her duty as directed by the Head of Service, saying “I did not write to the Minister but to the Permanent Secretary. I don’t have power to write to Ministers. Only the Head of Service has that power.”

The Chairman Mariam Onuoha said the committee was set up to investigate procedural breach of the presidential directives by the Ministers of Labour and Employment, as well as Power.

Society

‘Not My Property’ – Ex-Petroleum Minister, Diezani Exposes Owner Of Recovered $52.8 Million Loot

Published

on

By

Nigeria’s former Minister of Petroleum Resources, Diezani Alison-Madueke, has clarified that she is not connected to the $52.5 million that was recently brought back to the country from the United States of America (USA).

Society Reporters recalls that the federal government on Friday, January 10, announced the receipt of $52.88 million in recovered Galactica assets linked to the former Minister of Petroleum.

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, announced the recovery during a formal signing ceremony of the asset return agreement in Abuja.

Fagbemi explained that $50 million of the recovered funds would be channelled through the World Bank for the development of rural electrification projects.

The remaining $2.88 million, he added, would be allocated to the International Institute of Justice to enhance the justice system and support anti-corruption initiatives.

However, in a statement issued on Sunday, Diezani, who has been residing in the United Kingdom (UK) since departing from Nigeria, asserted that the funds associated with her in the media as illicit gains actually belonged to Nigeria’s oil entrepreneur, Kola Aluko.

Finally responding to the alleged recovery through her attorney, Mike Ozekhome SAN, Diezani maintained that the term “Diezani Loot” is unfounded, as she had no involvement in the circumstances surrounding the forfeiture of the funds by its rightful owner.

Expressing her stance, the former minister stated that the $52.5 million originated from a vessel that was confiscated by the American authorities from Kola Aluko, which was subsequently sold, with the proceeds returned to the Nigerian federal government.

Her disavowal of ownership over the funds was detailed in an extensive press release issued on Sunday by the Chambers of Mike Ozekhome SAN, titled “There is no such thing as Diezani Loot.”

The statement reads: “My chambers makes this intervention in the public domain as Solicitors to Diezani Alison-Madueke (DAM) ,the former Minister of Petroleum Resources, HMPR.

“As her Solicitors, we are fully versed in and conversant with her present ordeal and the entire facts surrounding her matters both here in Nigeria and abroad. So, we write from the vantage position of one that is aware of the cocktail of lies that have been spurned around her cases in the last ten years.

“Many of the narratives are outrightly false; some others sheer outlandish speculations; and most, simply bizzare stories cooked up by her traducers to extract a Shylock’s pound of flesh from her for reasons she does not know and cannot even fathom.

“This intervention therefore seeks to correct this skewed narrative and set the records straight for purposes of history. Many Nigerians often talk about wanting ‘technocrats’ to be involved in governance. They desire that people with character and integrity should join politics.

“We agree with them. However and regrettably too, now and again and many a time, the same people not only allow, but actually join the bandwagon to mob-lynch those who chose to serve the nation.

“And we often do this insidiously, covertly and overtly, even when there is no concrete or even any iota of proof that such public officers ever abused their offices or stole from public coffers.

“It is therefore surprising and of great concern to us, to see the level of sustained vilification of an innocent Nigerian citizen who has not yet been tried and found guilty of any offence known to law by any court of law whether in Nigeria or abroad. The person at the receiving end is Citizen Diezani Alison-Madueke (DAM).”

Mischievous And Cruel
The statement from Ozekhome’s office described the earlier claims about the asset recovery as misinformation and defaming.

It said: “We note with concern the recent deliberate attempt to link her with what has been described as a civil forfeiture of a yacht Galactica, the sale of which was said to have yielded $52.8m to the US government; which sum has since been repatriated to Nigeria.

This is a clear example of the mischievous and cruel sport of tarnishing the image of the lady through a bouquet of consistent, persistent and unrelenting cocktail of falsehoods and misinformation.

“The purveyors of this line of misinformation term it “name-and-shame”. To sell the storyline, the architects ensured they attached Diezani’s name to a recovered yacht which is not in any way linked to her.

“They now falsely termed it “Diezani loot”. Nothing of the sort ever happened. She was never involved in the purchase, use and sale of the said yacht.

“The yacht Galactica, from information readily available in the public domain and in open sources, was purchased by Mr Kola Aluko who had used the vessel until he agreed to its forfeiture to the United States of America.

“The yacht Galactica was neither owned nor ever used by our client. DAM has in fact never set her eyes on the yacht. Kola Aluko is an experienced businessman who had been in business well before DAM came into office as HMPR.

“The only tenuous basis for deliberately linking DAM to the said yacht is the false narrative that the Strategic Alliance Agreements (SAAs) which were entered into between Kola Aluko & Jide Omokore’s Atlantic Energy companies and NNPC, were allegedly corruptly awarded to the said companies by DAM. DAM was not the GMD of the NNPC as so did not and could not have awarded the said contracts.

“We plead, as her lawyers, with all and sundry that she be accorded fair hearing and that the process of these UK court proceedings be allowed to take their natural course to avoid prejudice to her in the ongoing subjudice UK proceedings against her.

”Those purveyors and peddlers who habitually spin these outrightly false, unfounded, defamatory, unintelligent and indefensible narratives to denigrate and humiliate her should please find better use of their time and leave DAM alone.

“Let the law take its natural course without interference. We humbly pray.”

 

Continue Reading

Society

Bisi Onasanya, ex FirstBank MD flees Nigeria to Ghana as EFCC closes in……

Published

on

By

Bisi Onasanya, the embattled former Managing Director of FirstBank has followed in the steps of Oba Otudeko, the former chairman of FBN Holdings and fled the country.
Onasanya who is expected to appear at the Federal High Court in Lagos on Monday January 20 to answer to the charges brought against him by anti-graft agency, the Economic and Financial Crimes Commission, EFCC, may likely be absent in court as he is currently holed up in Ghana in hiding.

He was spotted at Movenpick Hotel in Accra where he checked in at exactly 8 am on Friday morning.

Society Reporters had earlier reported that Onasanya will be arraigned before Justice Chukwujekwu Aneke for looting over N12.3 billion.

He will be arraigned alongside Otudeko, also the chairman of Honeywell Group who is equally on the run, as well as two others, a former board member of Honeywell Group, Soji Akintayo and a firm, Anchorage Leisure Limited connected to Otudeko.

The quartet committed fraud in tranches of N5.2 billion, N6.2 billion, N6.150 billion, N1.5 billion and N500 million, N6.2 billion and N2.09 billion between 2013 and 2014 in Lagos.

The 13-count charge, filed by EFCC counsel Bilikisu Buhari on January 16, 2025, further claimed that the defendants made and uttered forged documents to deceive the bank.

Specifically, count 1 accused the defendants of conspiring “to obtain the sum of N12.3 billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for by V-TECH DYNAMIC LINKS LIMITED and Stallion Nigeria Limited, which representation you know to be false.”

In Count 2, it was alleged that the defendants, on or about the 26th day of November 2013 in Lagos, “obtained the sum of N5.2 Billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for by V TECH DYNAMIC LINKS LIMITED which representation you know to be false.”

The 3rd count claimed that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”

In the 4th count, they were accused of conspiring to spend the N6,15 billion, out of the monies.

According to the Commission, the offences contravened Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and are punishable under Section 1(3) of the same Act.

Counts 5 and 6 read: “That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO AND ANCHORAGE LEISURE LIMITED on or about 11th day of December 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1,5 Billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, AND ANCHORAGE LEISURE LIMITED on or about the 17th day of December 2013 in Lagos, converted to the use of Honeywell Flour Mills Plc the sum of N500 million only which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 15(2 (b)) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”

“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, AND ANCHORAGE LEISURE LIMITED on or about the 17th day of December 2013 in Lagos, converted to the use of Honeywell Flour Mills Plc the sum of N500 million only which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 15(2 (b)) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”

The Street Journal

Continue Reading

Society

Just In: Wasiu Ayinde loses mum, aged 105

Published

on

By

 

Music Maestro, King Wasiu Ayinde Marshal has lost his adorable mother, Alhaja Halima Shadiya Anifowoshe.

 

 

She was aged 105.

 

May her soul rest in Peace.

 

 

Continue Reading

Trending