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Nigeria’s system allows fraud to flourish – EFCC boss

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The Chairman of the Economic and Financial Crimes Commission,  Mr. Ola Olukoyede has said “Nigerians are good people”, but the problem is that the country operates “a system that allows fraud to flourish.”

This is as Olukoyede stressed the need for public officeholders to uphold transparency and accountability in the conduct of affairs in the country.

Olukoyede, who spoke when a delegation of the NDDC management, led by its Managing Director, Dr Samuel Ogbuku, paid him a courtesy visit at the EFCC’s headquarters in Abuja, said that he was impressed by the “Rewind to Rebirth” initiative of the Commission.

This was contained in a statement issued in Port Harcourt on Friday by the NDDC Corporate Affairs Director, Seledi Thompson-Wakama, sent to newsmen. 

The statement quoted the EFCC chairman, saying, “The five minutes of interaction with the MD left me with a different perception of NDDC. I want to congratulate and also thank you for your readiness and commitment to bring change. Maybe, we will begin to see an NDDC that is a symbol of pride, accountability, transparency and able to deliver on its mandate.

“That is what the NDDC should stand for and I want to thank you for bringing that to the table. From his presentation, you can see that he is somebody who is ready to bring a change, and that is the exact thing that we stand for in EFCC.

“It is possible for us to build a system of accountability, transparency and integrity in Nigeria.”

Olukoyede used the occasion to urge all public officeholders to uphold probity, transparency and accountability in the management of the finances they hold in trust for the public knowing that a day of reckoning would come.

He said: “Always have it at the back of your mind that while you are on this side today, you might be on the other side tomorrow. Let it be the guiding principle for those in positions of trust in everything they do. 

“That has always been my own guiding principle because you will not be there forever. You can protect certain things today, but if you leave, you will discover that the person closest to you, maybe someone who benefitted from you, would be the one to expose you.”

He also said, “Fundamentally, Nigerians are good people. The only problem that we have is the system that we operate; a system that allows fraud to flourish. But if you take the same Nigerian who is corrupt in our system to an environment with strict regulatory compliance and structures, you will discover that he will behave.”

The EFCC boss assured that the Commission would continue to do its job with determination and courage, noting: “We are not going to compromise. We have been called names and maligned but we are resolute. We are moving forward because somebody has to do this job and we will do it and deliver. 

“I told Nigerians upon my assumption of office that we are going to use the instrumentality of the anti-corruption fight to build the economy and ensure good governance.”

Olukoyede assured that the EFCC would continue to assist the NDDC to achieve its mandate.

“We have been working with you to make recoveries, we will continue to do more.

“The collaboration is something we need to take to the next level, and with what you have put on the table I think we are ready to work with you to strengthen your systems and processes and to take the NDDC to the next level,” he said.

Speaking earlier, the NDDC Chief Executive Officer, Dr Ofbuku, explained that the visit to EFCC headquarters was in appreciation of the financial recoveries the Commission made on behalf of the NDDC, which he said had helped in developing the Niger Delta region.

He said: “We want, as a management, to thank the EFCC for supporting the NDDC to make the recoveries that have helped the region and the Commission. Mr Chairman, this is to let you know that the NDDC is investing the recoveries in projects.

“At a point, we will invite the EFCC to join us in commissioning some of those projects. It will be a sign that the recoveries made by the EFCC are used to support the development of the Niger Delta.”

Ogbuku said further: “Apart from thanking you, we also came to let you know what the NDDC has been doing so far. Many people had a very dark impression of the NDDC but we thought that we should look forward and not backward. 

“So, we came up with the policy of rewind to rebirth, because we just have to go back a little to see where we started and what we needed to do in future. We went back to our books and interacted with previous management to know where things went wrong. One of the areas that we have to rebirth the NDDC was in the area of transparency.”

He sued for enhanced collaboration between NDDC and EFCC, observing: “We believe that further collaboration with the EFCC in the area of technical support will further strengthen us as a Commission and guide us in our operations. I also want to use this opportunity to plead with Mr Chairman that before our corporate governance performances and SOP (Standard Operating Procedure) are passed, you should delegate some of your officers to look at the documents and probably make your input in areas where you think you can further contribute in strengthening us as an organisation.”

He also pleaded for further technical support in the area of training finance staff of the NDDC in financial management.

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Former Governor Ifeanyi Okowa, Spends Second Night In EFCC’s Cell Over N1.3 Trillion Alleged Fraud

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Immediate past governor of Delta State, Ifeanyi Okowa, who was arrested and detained by the Economic and Financial Crimes Commission (EFCC) has spent second night in the custody of the anti-graft commission.

 

Okowa is currently being investigated and detained over the alleged diversion of N1.3 trillion.

 

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

 

According to sources within the commission, Okowa was invited to the EFCC office in Port Harcourt, Rivers State, where he’s subsequently detained by officials.

 

One of the sources stated, “Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him. He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.

 

“He is also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas. He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.

Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.

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Lagos Government Shuts Down Redeemed Church, Celestial Church, Clubs, Event Centres Over Noise Pollution

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The Lagos State government has shut down a branch of Pastor E. A. Adeboye’s Redeemed Christian Church of God, a Celestial church, nightclubs and event centres over noise pollution.

The Commissioner for Environment and Water Resources, Tokunbo Wahab, who made this known on Wednesday, said the churches, clubs and event centres were sealed on Tuesday by the Lagos State Environmental Protection Agency (LASEPA) in the Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota areas of the state.

The sealed establishments include: Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Lounge & Lodging, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.

The commissioner in a post on X said, “In a bid to address noise pollution and other environmental violations, the Lagos State Environmental Protection Agency (LASEPA) took action yesterday, closing down several establishments across different parts of the state.

“This enforcement drive, focusing on areas like Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota, is part of LASEPA’s continuous efforts to uphold environmental standards and safeguard public health.

“The affected establishments include Honourable Lounge & Lodging, Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.”

 

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Gen. Taoreed Lagbaja: Tinubu directs flags be flown at half-mast

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President Bola Tinubu has directed that Nigeria’s national flags be flown at half mast for seven days across the country to mourn the passing of the late Chief of Army Staff, Lt. Gen. Taoreed Lagbaja.

The late Army chief, who was appointed by Tinubu on 19 June 2023, was said to have passed away on Tuesday night after a prolonged illness.

The Secretary to the Government of the Federation, George Akume, in a statement on Wednesday by his office Director of Information & Public Relations, Segun Imohiosen, said the president expressed regret over Lagbaja’s death.

Akume said, “President Bola Tinubu has expressed regret following the death of the Chief of Army Staff, Lieutenant General Taoreed Abiodun Lagbaja, after a brief illness at the age of 56.

“The President has directed that national flags be flown at half mast throughout the country for seven days in honour of the departed Army chief.

“He profoundly appreciates the services of the departed to the nation and wishes the family the fortitude to bear the great loss.”

Meanwhile, the Ministers of Defence, Mohammed Badaru and Bello Matawalle, have commiserated with the president, the military, and Lagbaja’s family over his death.

In a statement by the Ministry’s spokesperson, Henshaw Ogubike, the ministers described Lagbaja’s death as a great loss to his family, the Army, and the nation at large.

“The passing on to eternal glory shocked us at the Ministry of Defence, as our working relationship with him was commendable; he exhibited the spirit of camaraderie and cooperation with us in the discharge of our mandate.

“The late Chief of Army Staff contributed significantly to internal security operations across Nigeria and also exhibited a high level of professionalism.

“He will be greatly missed by the family, the military, and the nation, as he served the nation with commitment and dedication,” the statement added.

 

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