Reps Uncover N640m Paid To 2 Unlicensed Brokers, Summon Customs CG

Barely a week after Finance Minister Kemi Adeosun accused the Nigerian Customs Services (NCS) of fraud in under-remitting of revenue, the House of Representatives Committee at the weekend summoned the Comptroller-General.

It was over the payment of N250million commission paid to an unlicensed broker.

The House ad-hoc committee investigating return on premium paid to government officials by insurance companies at the weekend uncovered the N640 million paid as commissions to the two unlicensed brokers by  insurance companies which provided service for some Ministries Department and Agencies (MDAs). The unlicensed brokers are Chrome Insurance  and Standard Insurance Consultant.

Speaking at the resumed hearing of the committee at the weekend, the Chairman, Hon Adekunle Akinlade,said documents presented to the committee revealed that Guinea Insurance, which provided cover for NCS paid N250 million as commission to Chrome between 2013 and 2015, while Staco Insurance, which provided cover to the Nigeria Ports Authority (NPA) paid N390million to Standard Insurance consultant as commission for 2014 and 2015.

When confronted, the Managing Director of Guinea Insurance, Isioma Okokuku, admitted that her company erred by doing business with Chrome Insurance, in contravention of the Insurance Act which bars insurance companies from engaging brokers that are not licensed by the National Insurance Commission (NAICOM). She said her0 company was moved by desperation to keep the Customs’ account.

On his part,  the Managing Director of Staco Insurance, Sakiru Oyefeso, who claimed to be a seasoned professional, said it was the duty of the regulatory agency to bring to the knowledge of his company the fact that Standard Insurance was not licensed at the time the transaction took place.

After being grilled by the committee, Oyefeso admitted that his company may have committed an infraction and pleaded for leniency.


Troops Uncover Boko Haram’s Underground Armoury

The troops of the Nigerian Army have recovered large cache of arms and ammunition from the Boko Haram insurgents in Gursum, Borno State.

The Theatre Commander, Operation Lafiya Dole, Maj. Gen. Lucky Irabor, said this in the text of a press briefing on the recovered arms and ammunition, forwarded to our correspondent that the troops recovered the items following a tip off.

He said that the troops and some members of the civilian  JTF were mobilised for a clearance operation at Borgozo-Alargana following the intelligence, where the items were recovered.

According to him, the items recovered  included 36 boxes of .51mm  calibre, 5 x 20 Lyra beefcake mixture of 7.62mm (NATO) ammunition, large quantity of 7.62mm (Special), ammunition and one 81mm mortar tube.

He added that the troops also recovered one Toyota Hilux, a generator and several motorcycles.

Irabor said that the patrol team also cleared some remnants of the Boko Haram who were dislodged from Alagarno and were in three camps at Kadari, Abu Fayima and Gursum.

He appealed to Nigerians especially in the three states of Adamawa, Borno and Yobe to continue to provide useful information to the security agencies to enable them to complete the clearance of the insurgents from all their hideouts in the area.

Credit: Punch

Police Uncover Plans To Import Thugs, Arms For Kogi Governorship Poll

The Police said on Friday said it has uncovered plots by some unknown persons to “smuggle in” thugs and ammunitions with the intention to disrupt Saturday’s governorship election in Kogi State.

The Deputy Inspector General of Police in charge of Operations, Leroy Sotonye, who disclosed this while briefing journalists in Lokoja, the state capital, also said travelers going through the state would be restricted, screened and properly searched in order to forestall breakdown of law and order during the poll.

The police chief spoke as the governorship candidate of the Peoples Democratic Party and governor of the state, Idris Wada, alleged that one of the parties, the All Progressives Congress, had concluded plans to manipulate the election.

Mr. Sotonye, who was briefing journalists on the rules of the election, urged travelers to either postpone their journeys, seek alternatives routes or go by flight in order to avoid the inconveniences that might be experienced on Election Day.

“If you know you are going to travel through Kogi State, you are advised to either postpone, suspend the trip, go by flight or take alternative routes because you will be stopped by the police,” Mr. Sotonye said.

“We have intelligence that some people are trying to smuggle in thugs and ammunitions and all sorts of things.

“You will be screened and searched. It will be a distraction to the police and we don’t want to be distracted.”

The DIG warned politicians and troublemakers to stay away from polling units and election area as the police were prepared to deal with offenders during and after elections.

Credit: PremiumTimes

NASS Probes Uncover $15bn Oil Fraud

The National Assembly has conducted 18 legislative probes into sundry cases of crude theft, pipeline vandalisation, misappropriation, Joint Venture agreements, missing crude revenue in Nigeria’s corruption-tainted oil and gas sector from 1999-2014.

According to the outcomes of the selected major probes in the oil sector, about $15bn was lost to fraud while a whopping $6.8bn subsidy was unaccounted for. The period also witnessed the alleged missing N500bn SURE-P claims for oil subsidy for a period of time.

Also, about $16bn was unaccounted for in the power sector while about N2trillion was unremitted by the ministries, departments and agencies (MDAs).

This information is contained in a recently released study by the National Institute for Legislative Studies (NILS). The study made public on October 20 contains a detailed report of 82 key probes and investigative public hearings undertaken by the National Assembly since inception.

Credit: Leadership

Police Uncover 10Metre Hole Dug To Rob Akure Bank

Men of the Nigerian Police of the Ondo State command have foiled a robbery attempt  in a first generation bank in Akure,  the Ondo State capital.
The state Police Commissioner, Mike Ogbodu who disclosed this to newsmen in Akure, said that some suspected  robbers had perfected plans to rob the bank by digging over 10 metres hole from the back of the bank into the bank.

Ogbodu explained that the tunnel was discovered by policemen on surveillance at the bank situated on the Ado-Owo road,  adding that the command put in place adequate measure to foil the attempted robbery.

Items like diggers, cutlasses, hoes and shovels recovered at the scene, were shown to journalists by the police boss while conducted  them round the bank premises.

The police boss, however, assured banks in the state of adequate security of their workers and customers, even as he urged authorities of the banks to be vigilant, with a promise to arrest the perpetrators of the criminal act.

Credit: tribuneonlineng

Another Boko Haram Fuel Dump Busted In Maiduguri

Following a tip-off by well-meaning citizens, troops on Wednesday discovered and raided yet another Boko Haram fuel dump at Abbaganaram in Maiduguri, Borno State, the Army has reported.

“During the operation, one person, Musa Abba, was arrested and the following items were discovered and confiscated: 11 drums of AGO, 1 empty drum, 192 of 25 litres jerrycans (out of which 70 were loaded with AGO, PMS and DPK), a Toyota bus and 1 Peugeot car. Others include a motorcycle and an air conditioner.

“The fuel depot was used to stockpile Petroleum, Oil and Lubricants by Boko Haram terrorists and their equally heartless collaborators for onward movement to the terrorists’ camps in Sambisa Forest.

“Over time, we have been exhorting the public especially the residents of the North-eastern part of the country which has been mostly affected by the acts of the Boko Haram terrorists to cooperate fully with the military and the security agencies”, a statement signed by Colonel Sani Kukasheka Usman, the acting director, Army Public Relations revealed.

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