Connect with us

News

Outrage as Kogi Gov Ododo picks Yahaya Bello’s Nephew indicted by EFCC for N3Bn fraud as CoS

Published

on

Outrage as Kogi Gov Ododo picks Yahaya Bello’s Nephew indicted by EFCC for N3billion fraud as CoS
• Ali Bello and Gov Usman Ododo
The newly inaugurated governor of Kogi State, Usman Ododo, is under fire for appointing his predecessor, Yahaya Bello’s nephew, Ali Bello, who is being investigated for a N3 billion fraud as Chief of Staff.

Shortly after Ododo’s swearing-in as the 6th democratic Governor of Kogi State on Saturday, he announced Ali as his Chief of Staff.

However, Ali Bello’s appointment has been heavily criticised because he was docked by the Economic and Financial Crimes Commission, EFCC, for an alleged N3 billion misappropriation on February 8 last year.

The new CoS to the Kogi governor is being prosecuted by Nigeria’s anti-corruption agency, Economic and Financial Crimes Commission (EFCC) on 18 counts bordering on money laundering and misappropriation of about N3 billion.

The other defendants in the case are Abba Adauda, Yakubu Siyaka Adabenege, Iyada Sadat and the Kogi First Lady (Bello’s wife), Rashida Bello.

The EFCC is prosecuting them in suit No ABJ/CR/573/2022.

They are facing charges of misappropriation and money laundering.

According to a statement by EFCC’s in 2022, Messrs Bello and Sulaiman were remanded in prison pending the fulfillment of their bail conditions granted. The judge granted them bail in the sum of N1 billion each.

Advertisement

The defendants are accused of fraudulently withdrawing over N10 billion (N10, 270,556,800), from the Kogi State treasury, which they allegedly delivered to a bureau de change operator, Rabiu Tafada, in Abuja, to keep or change to foreign currencies for personal gains.

One of the charges reads: “That you, ALI BELLO, DAUDA SULEIMAN AND ABDULSALAMI HUDU (NOW AT LARGE)between January and December, 2021, in Abuja within the jurisdiction of this Honourable Court procured RABIU USMAN TAFADA to take possession of the total sum of N5,865,756,800 (Five Billion, Eight Hundred and Sixty Five Million, Seven Hundred and Fifty Six Thousand, Eight Hundred Naira), which sum you reasonably ought to have known forms part of the proceeds of unlawful activity to wit: criminal misappropriation from the treasury of Kogi State and you thereby committed an offence contrary to sections 18 (c), 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3) of the same Act”.

SEE ALSO:  Uneven development cause of rural-urban drift, ungoverned spaces – Chairman S/East Traditional Rulers

Another count reads: “That you, ALI BELLO, DAUDA SULEIMAN AND ABDULSALAMI HUDU (NOW AT LARGE) between January and December 2021, in Abuja within the jurisdiction of this Honourable Court aided RABIU USMAN TAFADA to retain the total sum of N2,509,650,000.00 (Two Billion Five Hundred and Nine Million, Six Hundred and Fifty Thousand), which sum you reasonably ought to have known forms part of the proceeds of an unlawful activity to wit: Criminal Misappropriation from the treasury of Kogi State Government and you thereby committed an offence contrary to sections 18 (a) 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3) of the same Act”.

Reacting to the development, Nigerians on X expressed concerns.

@lawrenceOkoropg:

The same person docked for N3bn Fraud by the EFCC in Feb 2023 was appointed Chief of Staff to the Kogi State government 12 months later. Yet many are wasting in jail for doing nothing.

@firstladyship:

Kogi state is the Wild West & the weakest link in Nigeria. They are the ones I pity the most. Yahaya Bello’s nephew, who has a case file with the EFCC, is now the chief of staff. The politicians are why the Naira will continue to crash against other currencies.

Advertisement

@aai_austin:

A convict in February 2023

A chief of staff in January 2024

Is the Lord not working wonders?

Kogi state? EFCC has turned a blind eye because his name is not Emefiele.

 

 

Advertisement
Advertisements
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Obi is not leaving Labour Party

Published

on

Obi is not leaving Labour Party
• Peter Obi 
The Peter Obi Media Reach (POMR) has said that its Principal, the Labour Party (LP) Presidential candidate, Peter Obi, is not quiting the party.

POMR, in a press statement on Friday, February 23, 2024 signed by its media aide, Michael Jude Nwolisa, dismissed trending news about Obi quitting the Labour party, adding that the “fake and fallacious news” emanated from mischief makers bent on destroying and disorganising the party.

“The Peter Obi Media Reach, POMR wishes to outrightly dismiss trending fake and fallacious news story suggesting that he was parting ways with the Labour Party.

“This is not true and it did not originate from Obi or the Obidient Movement but from mischief makers bent on sowing the seed of discord in the party.

“These rising misdemeanors on the party did not start today as they set out to destroy and disorganize the party all to get at Obi and derail the inevitable journey of rescuing Nigeria,” Nwolisa wrote.

He however said that Obi, on his part, is currently busy with making Nigeria work and focusing on creating an environment where democracy will thrive, adding that “the struggle to rescue Nigeria from the criminal gangs holding it down will not stop until it’s achieved through the will of the Nigerian people.”

The statement continues: “Presently our principal is preoccupied with making Nigeria work not on partisan politics which ended on October 26, 2023, when the Supreme Court of the land took their final decision on the general elections.

“Those bent on creating a crisis in the Labour Party are clearly enemies of democracy wishing for the failed status quo to remain.

SEE ALSO:  Usman Ododo sworn in as new Kogi Governor

“Obi’s focus at the moment is on creating an environment where democracy is to be practiced according to the defined tenets not the rascality and all forms of impunity prevalent in the country today.

Advertisement

“Peter Obi therefore would like to assure Nigerians, particularly the Obidient family that his way with Labour is unshaken and intact and that the struggle to rescue Nigeria from the criminal gangs holding it down will not stop until it’s achieved through the will of the Nigerian people,” he added.

Advertisements
Continue Reading

News

Ex-NBA President Akpata wins LP Gov primary for Edo

Published

on

Ex-NBA President Akpata wins LP Gov primary for Edo
 • Olumide Akpata
A former president of the Nigerian Bar Association (NBA) Olumide Akpata has clinched the Labour Party (LP) ticket for the September 2024 governorship election in Edo State.

Akpata scored 316 votes to win the exercise held in Benin City, the Edo State capital, on Friday.

The Deputy Governor of Abia State Ikechukwu Emeta declared Akpata as the winner of the election.

“I hereby declare as follows: Mr Olumide Osaigbovo Akpata, having scored the highest number of votes and certified the provisions of the constitution of the party, is hereby declared the winner and the gubernatorial candidate of the Labour Party for the Edo State governorship election 2024,” Emeta who is also the chief returning officer for the election said.

After his emergence, Akpata paid tribute to a former governor of Ondo State and NBA president Rotimi Akeredolu who was buried on the same day.

He also thanked his supporters and members of the party for their backing, promising to work for the good of the state if he wins the governorship election.

His victory comes months after he declared interest in the Edo State governorship race under the Labour Party.

In October,  he had visited the Edo LP secretariat in Benin City to formally declare his interest in the race, pinning the decision on his love for the people.

“My interest is for the people of Edo State. And what I find out about politics and governance in Nigeria today is that the people have been taken out of the equation. Nobody cares about the people,” Akpata told the mammoth crowd that welcomed him.

Advertisement

“So, when I look around, the only party I find to be people-oriented and interested in lots of our people is the Labour Party. So I have come here to express my interest and to carry the people along.”

SEE ALSO:  Gov Mbah mourns Wigwe, says Nigeria lost a Corporate Titan 

In August, the corporate lawyer, 51, resigned from the law firm Templars where he served as a senior partner.

“The Partners and management of TEMPLARS wish to announce that a Senior Partner at the Firm and the immediate past President of the Nigerian Bar Association, Mr. Olumide Akpata, has formally informed the Firm of his decision to participate in active politics,” the firm said in a statement.

“On account of this, and in line with the Firm’s governance protocols, Olumide Akpata and the Partners of the Firm have agreed that he disengages from the Firm with effect from 31st August 2023. This will enable him to fully focus on his project of contributing towards nation building.”

That same month, Akpata joined the LP, saying he wanted to play a more active part in the country’s political process.

“This was a major step for me and not one that I took lightly…but I simply got tired of complaining about Nigeria every day and bemoaning her fate and I decided to take the plunge and try to be part of the solution rather than agonising continually over the problem,” he said.

“This, for me, is the start of a very important journey and it is my prayer that I arrive safely at my destination.”

Advertisement
Advertisements
Continue Reading

News

Binance, OctaFX, Coinbase, others blocked over forex crisis (FULL LIST)

Published

on

Binance, OctaFX, Coinbase, others blocked over forex crisis (FULL LIST)

The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market.

Binance is a digital assets platform which serves as a window for peer to peer transaction allowing users to advertise interest to sell or buy currencies of their choice.

On February 5, 2021, the Central Bank of Nigeria (CBN) directed banks, non-bank financial institutions (NBFIs), and other financial institutions (OFIs) to close accounts of persons or entities involved in cryptocurrency transactions.

The regulator also warned local financial institutions against dealing in crypto assets or facilitating payments for crypto exchanges.

CBN cited concerns over money laundering, terrorism financing, cybercrime, and the volatility of cryptocurrencies as reasons for the ban.

In December 2023, the Central Bank of Nigeria changed its stance on crypto assets and asked banks to disregard its February 2021 ban on crypto transactions.

This latest restriction on crypto websites is aimed at slowing currency speculation activities in the country, with Binance stating that its platform is not for currency pricing.

Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, argued that Binance and other crypto platforms should be banned from operating in Nigeria.

Advertisement

He said the cryptocurrency trading platform is facing restrictions in multiple jurisdictions such as the United States, Singapore, Canada and the United Kingdom.

Reacting, Binance said its firm does not operate as a price discovery platform and FX rates are determined by complex forces that have nothing to do with the company.

The trading company said it provides a market-driven peer-to-peer (P2P) platform that is not meant to be a proxy for currency pricing in Nigeria.

SEE ALSO:  Hardship: Why South East is quiet - Josef Onoh replies Usman Yusuf

The platform users have complained about their inability to buy dollars.

The platforms blocked include:

– Binance

– Forextime

– OctaFX

Advertisement

– Crypto

– FXTM

– Coinbase

– Kraken

– Kucoin

– Bybit

There are also many other platforms used in the cryptocurrency transaction in Nigeria.

Nation

Advertisement
Advertisements
Continue Reading

Trending