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EXPOSED: The N165b That Caused NPA Boss, Hadiza Usman’s Suspension

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Strong indications emerged on Friday that alleged non-remittance of 2016-2020 operating surpluses of N165.3 billion to the Federation Account by the Nigeria Ports Authority (NPA) may have led to the suspension of the Managing Director of the agency, Hadiza Bala Usman.

Her suspension also stemmed from alleged insubordination to Transportation Minister Rotimi Amaechi under whose ministry is the NPA.

Hadiza, according to sources, had not been attending some vital ministerial briefings as chief executive of one of the parastatals under the Ministry of Transportation.

But some political forces opposed to her suspension have launched a move to rescue her.

The Nation on Friday sighted some documents from the Budget Office of the Federation on the finances of the NPA between 2016 and 2020, which sources said convinced President Muhammadu Buhari to approve Hadiza’s probe.

Amaechi, it was gathered, wrote a memo to the President recommending a ministerial investigation of the activities of NPA under Hadiza.

The memo entitled: “Remittance of operating surplus to the consolidated revenue fund account (CRF) by the Nigerian Ports Authority from 2016 –date,” elaborates on the revenue shortfall in NPA.

“It has been observed from the records submitted by the Budget Office of the Federation that the yearly remittance of operating surpluses by the Nigerian Ports Authority from the year 2016 to 2020 has been far short of the amount due for actual remittance (see the tables attached),” the Minister said.

“In view of the above, I wish to suggest that the financial account of the activities of Nigeria Ports Authority be investigated for the period to 2020 to ascertain the true financial position and the outstanding unremitted balance of one hundred and sixty-five billion, three hundred and twenty million, nine hundred and sixty-two thousand, six hundred and ninety seven naira only (N165,320,962,697).”

Also Read: https://www.societyreporters.com/npa-md-hadiza-bala-usman-swims-in-n20bn-contract-fraud/

He asked the President to “approve that the account and remittance of NPA in the period of 2016-2020 be audited to account for the gross shortfall of remitted public funds.”

In response to the letter, the President on the 17th of March wrote on the letter: “Your above prayer is approved.”

A separate letter on 30th March was written to the Minister of Transportation by the Chief of Staff to the President, Prof. Ibrahim Gambari.“The letter, “Re-remittance of operating surplus to the consolidated revenue fund account (CRF) by the Nigerian Ports Authority from 2016-2020”, said: “Reference letter FMT/F7A/DFA/DMP/I/DI, dated 4th March 2020, I write to forward Reference A to you and to convey to you Mr. President’s approval of your prayers.

Findings however confirmed that the observations of the Budget Office of the Federation and insider’s abuse were “official justifications” to rein in Hadiza.

It was learnt that there were over 100 issues covering some of the following:

Alleged gross violation of procurement process

Administrative lapses leading to non-remittance of VAT deductions running into billions of naira and in foreign currency denomination to the Federal Inland Revenue Service.

Alleged excessive increase in administrative operational expenses.

Extra budgetary expenditures on hotel accommodation and under disclosure of expenditures on hotel expenses.

Alleged inflation of CSR expenses

About 573% rise in expenditure on local and foreign medical expenses, legal fees, corporate souvenirs and expenditure

Alleged increase in administrative cost by 72%

But an authoritative source said the strain in the relationship between the Minister of Transportation and the suspended MD might have fueled the action against her.

Another insider source said: “I think her suspension was the climax of the six-year cold war with her boss (Amaechi). The Minister actually recommended her for the job in 2016 and they started well.

“Along the line, the NPA MD assumed an independent status and refused to defer to Amaechi on the activities and management of the Ports Authority. It got to a stage that the minister never knew what was going on in NPA except through a third party.

“The alleged act of insubordination included refusal of the NPA MD to attend any ministerial briefing or meeting convened by Amaechi.

Also Read: https://www.societyreporters.com/exposed-how-npa-boss-hadiza-bala-usman-makes-business-unbearable-for-lagos-businessmen/

“Even when she wielded political influence to put NPA under the control of the Minister of State for Transportation, Sen. Gbemisola Saraki, her attitude did not change.

“The ‘miraculous’ manner in which she got reappointment for second term six months before the expiration of her tenure confirmed the breakdown of her relationship with Amaechi.

“The minister, who was waiting for the expiration of her tenure to make a point, was shocked to read about the announcement of her reappointment.”

Responding to a question, the source added: “When the minister tried to use the board to check Hadiza, it was not successful because of her high net worth political connection.”

A government source said although President Buhari was yet to hear from Hadiza, he opted for investigation to get a clearer picture.

The source said: “Once issues of alleged fraud or corruption and disloyalty are brought to the attention of the President, he does not waste time in acting. Those who are good in Presidential Villa politics have used Buhari’s disdain for corruption to their advantage.

“Buhari approved immediate suspension of the MD and investigation at the same time.”

It was gathered last night that some political forces had commenced underground moves to save Hadiza.

“There is intense lobbying by some forces for either the reversal of the suspension of Hadiza or an independent probe of the activities of NPA under her watch,” a source familiar with the development told The Nation.

“Those backing Hadiza claimed that she cannot get justice from an investigative committee raised by the minister.”

But a source in the Ministry of Transportation said: “It is unfortunate that some people are turning a serious case into a dispute between the Minister and Hadiza.

“Amaechi has lived with the insubordination in the last five years without complaining. Why are they not addressing the N165.3b surpluses unremitted by NPA?”

 

Additional Information From The Nation

Society

Oniru confers chieftaincy titles on Smith, Idowu, Olorunnimbe, Akintoye others

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The Oniru of Iru-land, His Royal Majesty Oba Abdul-Wasiu Omogbolahan Lawal CON [Abisogun II] has announced the conferment of honourary chieftaincy titles on eminent and distinguished citizens of Nigeria.

 

The revered monarch unveiled the shortlist of recipients as part of activities to mark the fifth anniversary of his peaceful reign on the revered throne.

 

Among the esteemed honourees are Iya Oba of Iru Kingdom – Chief (Mrs) Basira Titilayo Smith, Aare Majeobaje of Iru Kingdom – Chief Adeyemi Idowu, Aare So’ludero ofIru Kingdom- Chief Muyiwa Gbadegesin, Ph.D and Erelu Asa of Iru Kingdom – Chief (Mrs) Bolane Austen-Peters, Aare Fiwagboye of Iru Kingdom – Chief Lukman Olayiwola Mustapha, Asoju Oba of Iru Kingdom- Chief Idris Ibikunle Olorunnimbe and Ajiroba ofIru-Kingdom- Chief Adegboyega Hakeem Akintoye.

 

While extending congratulations to the distinguished honourees on behalf of His Majesty and the Oniru-in-Council, High Chief Abayomi Daramola, Balogun of Iru-Land, in a statement revealed that the conferment of titles will be performed on 14th June, 2025 at the palace (Aafin Oba Oniru), Victoria Island, Lagos.

 

The statement read in part, “to mark the fifth-year anniversary of his ascension to the revered throne of his forebears as the 15th Oniru of Iru-land and after a rigorous selection process, His Royal Majesty Oba Abdul-Wasiu Omogbolahan Lawal CON [Abisogun II] – The Oniru of Iru-land upon the recommendation of the Oniru-in-Council, has issued a Royal Decree approving the conferment of respective honouray Chieftaincy titles on the underlisted eminent and distinguished citizens.”

 

 

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

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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.”

 

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

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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

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