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Shola Olatunde Adepoju: Former FRIN Director General Quizzed By EFCC Over Alleged Corruption, Fraud.

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The Economic and Financial Crimes Commission (EFCC), on Tuesday, interrogated the Chairman, Governing Council of the Federal College of Education, Ilawe Ekiti, Prof. Shola Olatunde Adepoju, over corruption allegations during his tenure as Director General of the Forestry Research Institute of Nigeria (FRIN) in Ibadan, Oyo State.

 

Adepoju, who was the Director-General of FRIN from March 31, 2015 to March 31, 2023, had been accused of diverting government properties.

 

However, he was appointed by President Bola Tinubu in June 2024 as Chairman, Governing Council of the Federal College of Education, Ilawe

 

Gathered that Adepoju, who was invited in August by the EFCC to answer questions regarding corruption allegations during his tenure as FRIN DG, finally honoured the invitation on Tuesday.

 

 

Document revealed that a month after Adepoju’s appointment as the Chairman of the Governing Council of Federal College of Education, Ilawe Ekiti, the EFCC asked him to appear at its Ibadan office over alleged fraud activities that took place under his watch as FRIN boss.

 

He was invited to the Commission’s office through a letter dated August 12, 2024 with Ref CR: 3000/EFCC/IB/SIT/FIR/VOL.2/069. The letter was signed by Hauwa G. Ringim, Ag. Zonal Director, Ibadan, Oyo State.

 

The invitation which was addressed to the current Director General of FRIN stated, “This Commission is investigating a case in which the name of the above mentioned Former Director General of your organization, featured.

 

 

In view of the above. you are kindly requested to inform him to attend an interview with the undersigned through SIT Team on Monday, 26th August, 2024 at No: 16A Reverend Oyebode Crescent, lyoganku GRA Ibadan. Oyo State.”

 

The EFCC had in a previous letter to Adepoju with Ref CR: 3000/EFCC/IB/SIT/FIR/VOL.1/069 dated April 22, 2024, titled: “Investigation Activities,” asked him to furnish the commission with the account details in which payments were received, citing an earlier communication.

 

In the letter signed by ACE II Hassan Saidu, FDC for then Ag. Zonal Director, Ibadan, the commission noted that the request was made pursuant to Section 38(1) and (2) of the Economic and Financial Crimes Commission (Establishment Act, 2004 and Section 24 of the Money Laundering (Prevention and Prohibition) Act. 2022.

 

 

Our letter with Ref: CR: 3000/EFCC/IB/SIT/FIR/VOL1/032 dated 19th March, 2024 and your response with Ref:CG.516/1/33 dated 4th April, 2024 refers.

 

“In view of the above, you are further requested to furnish us with the account details in which the payments were received as requested in our earlier letter,” the letter partly read.

 

However, a source privy to the case told SaharaReporters that Adepoju finally showed face on Tuesday, September 24, 2024 at Ibadan Zonal office, about a month after his invitation date.

 

According to the source, the President’s appointee was grilled on various allegations bordering on diverting government properties, specifically exotic vehicles meant for the institute’s operations, in collusion with the institute’s human resources director, Olufemi Michael Hastrup.

 

 

Meanwhile, the EFCC spokesman, Dele Oyewale, on Thursday, confirmed to SaharaReporters that Adepoju was interrogated at their Ibadan office. He explained that the commission has commenced full investigation into all the allegations against him.

 

“He has honoured the invitation. He came on Tuesday; he was interviewed and he was allowed to go. When we commence investigation like that, he will always interact with us.

 

“If we need anything from him, we will call him. Since he has come around and we have started investigation; as the investigation continues, when we will still need him, he will come,” Oyewale said.

Some staff members of the institute who conspired with him have also been invited and they have made useful confessional statements,” the source said.

“He’s doing everything including using his connection in the Redeemed Christian Church of God to influence and undermine the investigation process as the chairman of the commission is a member of the RCCG.”

 

When contacted for comments, Adepoju claimed he was away when the invitation was sent in August and that he later honoured the invitation.

 

 

When asked why he refused to honour the EFCC invitation in August, he said, “I am a law-abiding person, how can an authority set-up invite me and I will not honour it? The invitation was in August and I think my lawyer replied that I wasn’t around and they fixed, I think 6th or 9th September but they said that they would not be around and they fixed 23rd and 24th September.

 

“I was in their office up to Tuesday evening (September 24) and I am back in my base. I was with the EFCC throughout on Tuesday.”

 

On the issue of the exotic cars Adepoju allegedly sold to himself, he confirmed that it was part of the focus of the EFCC interrogation.

 

“That is the allegation they made to EFCC. They (EFCC) are investigating it and I can’t talk about it until they finish their investigation, let me not be prejudice to their investigation.”

 

 

As FRIN boss, Adepoju was at multiple times accused of awarding fraudulent contracts without recourse to procedure and due process.

 

A source in the agency had told SaharaReporters that he ran the agency like a personal estate.

 

“The Director-General, Professor Adepoju Olusola has been found doing the following; withholding of staff deductions (Contributions of over N50,000,000) to co-operative society for the month of October 2020. Confirmed by IPPIS,” a source squealed.

 

“Illegal removal or deduction from salaries of staff (This is done randomly) with no reason, explanation and move to refund (He does not listen to anyone) for same October, 2020.

 

 

Flouting of civil service rule in relation to promotion of staff. In the year 2020, promotion exercise was conducted, over 30%-40% of staff denied promotion even though they passed the examination, but he claimed there was no vacancy.

 

“By January 2021, this year, those who got promoted received their letters and were promoted appropriately. To our amazement, by June 2021, part of those promoted and served their letters were given another promotion. We found out that they are his partners in crime in the institute.

 

“Imagine, someone got promoted to Grade Level 11 in January 2021 and received another promotion in June 2021 to Grade Level 13, in the space of five months.

 

“All efforts to have him explain this move proved abortive as he will never give room for questioning. He’s above the law and people are afraid to challenge him.”

 

 

Gathered that in 2020, Adepoju returned N17 million, part of the over N50 million meant for cooperative societies in the institution which was diverted in the same year.

 

Documents seen by SaharaReporters showed that the N17 million was returned on January 23, 2022, by the then FIRN boss into a Stanbic IBTC Bank account numbered – 0012099396.

 

A recent report by Foundation of Investigative Journalism also revealed how Adepoju allegedly diverted government properties before leaving office in March 2024

 

According to FIJ, some exotic vehicles purchased for the smooth operations of the institute were diverted by the former FRIN DG and Olufemi Michael Hastrup, the institute’s human resources director.

 

 

Few months to the expiration of Adepoju’s second term, the Federal Ministry of Works and Housing undertook an inspection and valuation of some vehicles belonging to FRIN,” the report read.

 

“According to a document exclusively obtained by FIJ, five vehicles were inspected and valued at disingenuously low rates. The mechanical division of the works ministry valued two Toyota Prado cars, a Toyota Hilux, a Volkswagen Bettle and a Kia Cerato at ridiculous amounts.

 

“While the first valuation report containing details of the two Prado and Hilux vehicles bearing the stamp of the mechanical division was dated December 12, 2022, the second report bore the stamp of the Federal Comptroller of Works of the same works ministry and was undated.

 

 

As stated in the reports, the Toyota Prado purchased in 2019 at the rate of N78 million with the chassis number JTEBU3PFJ1KK172524 was determined to be worth N7 million.

 

“The second Toyota Prado acquired in 2013 for N21 million with the chassis number JTEBU9FJ1D5002342 was determined to be worth N800,000.

 

“The institute bought the Toyota Hilux with the chassis number MROHX8CD7K1389911 in 2018 for N18 million. In the valuation report, it was said to be worth N1 million.

 

“FIJ also gathered that the Volkwagen and Kia Cerato earlier mentioned were valued at N2,000 and N20,000 respectively. At the time of the report, both vehicles had been used for six years by FRIN. All of the vehicles mentioned in the reports have been illegally taken away by the former FRIN bosses,” an FIJ source said.

 

 

In particular, Hastrup was said to have bought a Land Cruiser carrying an official number plate FRIN-01FG belonging to the office of the director-general.”

 

 

Source; Sahara Reporters

Society

‘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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Society

Just In: Wasiu Ayinde loses mum, aged 105

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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.

 

 

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