Tag Archives: RECOVERS

Unremitted Revenue: FG Recovers N793m From MDAs

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The federal government yesterday  announced that it has recovered additional sum of N793billion from three  agencies.

The funds were recovered by the Recovery Committee set up two weeks ago by the Minister of Finance, Mrs.  Kemi Adeosun.

According to a statement that was signed by director of information in the ministry of finance, Salisu Dambatta, the recoveries were made from the Raw Materials Research and Development Council (RMRDC) N278 million; Nigeria Shippers Council (NSC) N407 million and Nigeria Export Promotion Council (NEPC) N108 million.

The latest recovery brings the total money recovered under the operation to N1.44 billion. The sum of N650 million was earlier recovered from the Nigeria Shippers Council. Dambatta also disclosed that several other agencies were in the process of submitting repayment plan for approval.

The Minister of Finance had accused many of the federal government agencies of not remitting a huge part of their operating surpluses of about N450 billion for the period of 2010 to 2015 fiscal year to the federation account.

Adeosun who had threatened the defaulting agencies with prosecution said, “We expect greater compliance in the weeks ahead.”

The agencies are required to pay the operating surpluses to the Consolidated Revenue Fund of the Federal Government not later than one month following the statutory deadline for publishing each corporation’s account as provided in  Section 22 (2) of the Fiscal Responsibility Commission Act 2007.

Meanwhile, the federal government has announced the restructuring of the Youth Enterprise with Innovation in Nigeria (YouWin) programme into a multimedia-based programme and relaunched it as YouWinConnect,  with a focus on supporting young entrepreneurs with fresh business management ideas for sustainability.

Adeosun had hinted that the government, which was a brain child of the previous administration, would be restructured to improve its performance and sustainability of small and medium businesses start-ups.

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EFCC Recovers Over N325m From Politicians, Individuals In North-east

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The Economic and Financial Crimes Commission (EFCC) says it has recovered N325,181,919.00 from politicians and individuals the Northeast zone and secured five convictions in its operations across the states there.
 
Aminu Ado Aminu, EFCC Head of Operations, made this known in Gombe at the weekend while recounting the successes from January 2016 to date within the zone. It comprises Adamawa, Bauchi, Plateau, Taraba and Gombe, which is the headquarters of the zone.
 
He said the recovered money included the sum of N183,590,000.00, from politicians within the zone as part of funds illegally sourced and used in prosecuting the 2015 general elections.
 
He further explained: “In line with the above, a total of 130 Independent National Electoral Commission (INEC) staff drawn from Adamawa, Gombe and Taraba States have been interrogated and will soon be charged to court for corruption involving the sum of N73,000,000.00 bribe during the 2015 polls.
 
“A breakdown shows that Gombe State has 26 staff involved, Adamawa has 86, and Taraba 18. We also have recovered the sum mentioned above from the INEC.”  
Credit: thisdaylive

EFCC Recovers N900m From Jonathan’s Kinsman- Report

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The Economic and Financial Crimes Commission has recovered N900m from Mr. Waripamowei Dudafa, a former Special Assistant on Domestic Affairs to ex-President Goodluck Jonathan.

A reliable source at the EFCC told Punch correspondent on Sunday that the money was found in one of Dudafa’s accounts, which was immediately frozen.

The source said, “Dudafa said that he had no money; so, we began to investigate his accounts. We then found N900m that was hidden in one of his accounts through the connivance of his account officer.

“Dudafa initially denied owning the account but when he was confronted with evidence, he had no choice but to admit. Some people, who had paid money into the account based on Dudafa’s instructions, even came forward to say that the account indeed belonged to Dudafa. The N900m will be used as evidence against him in court.”

Dudafa, who was a close aide to and a kinsman of Jonathan, was arrested on April 18 at the Murtala Muhammed International Airport in Lagos.

The former presidential aide, alongside Jonathan’s ex Aide-de-Camp, Col. Ojogbane Adegbe, was accused of giving N10bn to delegates at the presidential primary of the Peoples Democratic Party in December 2014, in which Jonathan was the only candidate.

The money was allegedly diverted by the Office of the National Security Adviser from a Signature Bonus Account in the Central Bank of Nigeria.

The N10bn is believed to have been diverted from oil receipts as follows: $5m (November 14, 2014); $47m (November 27, 2014); €4m (December 3, 2014) and €1.6m (December 24, 2014).

While Adegbe was arrested but later released, Dudafa was said to have fled to either Dubai or a Caribbean country where he stayed for several months.

However, impeccable sources at the EFCC told Punch correspondent that Dudafa was arrested by operatives of the Department of State Services upon arrival at the Murtala Muhammed International Airport, Lagos.

In his Statement of Witness/Accused Person, which had been filed at the High Court of the Federal Capital Territory, embattled former NSA, Col. Sambo Dasuki (retd.), had said the N10bn was given to Ojogbane and Dudafa.

Dasuki had said, “That I am aware in November, I cannot remember the exact date, my office requested the CBN to exchange N10bn from the account of the Office of the National Security Adviser domiciled in CBN. The money was exchanged and $47m and some Euros, which I cannot remember the exact amount, were delivered at my residence.

“The money was for delegates that attended the nomination convention for the PDP presidential nomination. The money was paid and sent to Hon. Dudafa (SSAP, Household) and ADC(C-I-C) for distribution on the instruction of the President.”

Credit: Punch

EFCC Searches Badeh’s House, Recovers $1m Cash

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The Economic and Financial Crimes Commission has recovered $1m cash from one of the houses belonging to the immediate past Chief of Defence Staff, Air Chief Marshal Alex Badeh(retd.).

It was learnt that the money was recovered after detectives searched a mansion located at 6, Ogun River Street, Maitama, Abuja.

A detective at the EFCC, who did not want his name in print, said, “We have seized several properties belonging to Badeh. A few days ago, we returned to the mansion located at 6, Ogun River Street, Maitama.

“In the presence of several witnesses, including neighbours, we searched the house and recovered $1m in cash. The money has been lodged as evidence.”

The property, which is said to be worth over N1.1bn, is one of the five properties seized from the ex-defence chief.

Some of the properties were said to have been purchased, renovated and furnished for a son of the former CDS, Alex Badeh (Jnr.).

Badeh also allegedly bought a commercial plot of land at Plot 1386, Oda Crescent, Cadastral Zone A07, Wuse II, Abuja for N650m.

They were said to have paid N878m for the construction of a shopping mall at Plot 1386, Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, and another sum of N304m to complete the construction.

The anti-graft agency also accused them of paying N260m to purchase a duplex at No. 19 Kumasi Crescent, Wuse II, Abuja, for Badeh’s son.

The sum of N60m was said to have been paid for the renovation of the property and another N90m to furnish the property.

The retired Air Force officer also allegedly paid N330m to one Honourable Bature to purchase a duplex at No. 14 Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja.

They were also accused of paying N240m to Rabiu Isyaku Rabiu to buy a semi-detached duplex at No. 8A Embu Street, by Sigma Apartment, Wuse II, Abuja.

They also allegedly renovated a private property at No. 2, Nelson Mandela Street, Asokoro, Abuja, with N62m.

In the charges, signed by EFCC’s Deputy Director, Legal and Prosecution Department, Aliyu Yusuf, the anti-graft agency alleged that Badeh removed the sum of N3.9bn from the accounts of the Nigerian Air Force.

But Badeh had, last week, denied ownership of the properties seized by the anti-graft agency.

Badeh, who has remained in the EFCC custody since February 8, has been charged along with a firm, Iyalikam Nigeria Limited, before Justice Okon Abang of the Federal High Court in Abuja.

He is set to appear in court on Monday (today).

Credit: Punch

Fraud In NBC: EFCC Recovers N10b, Set To Prosecute Ex-DG Mba, Three Others

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The Economic and Financial Crimes Commission (EFCC) has recovered NN10,061,172,600 from the National Broadcasting Commission(NBC) being alleged inflation of collateral funds meant for Digital Set-Top -Boxes.

The commission is set to prosecute a former Director-General of NBC, Mr. Emeka Mba and three others.

Also to face trial is  the NBC’s Director of Finance, Mr. Patrick Areh, who received a curious transfer of N390million and another N20million cash gift from the contract sum.

Others are  the Managing Director, Technology Advisor, Mr. Basil Udotai, and the Managing Director of In-View Technology Limited and D-Vine Partners Limited, Mr. Babatunji Amure.

According to EFCC’s investigation, NBC under Mba defied the Federal Government’s directive  of August 7, 2015 on Treasury Single Account (TSA) to divert N15,038,400,000, out of N34,114,500,000 received from MTN for Spectrum Band Width, to finance the contract for the Digital Set-Top -Boxes.

Out of the diverted N15,038,400,000 as collateral security to Zenith Bank Plc, EFCC investigators discovered that only N4,977,227,400 was needed.

The commission said “only eight (8) out of the 12 companies opened letter of credit amounting to N3,739,727,400.00 while the sum of N1,237,400,000 was for the Digital Access Fees making a total of N4,977,227,400.”

The EFCC said after a reconciliation meeting with the Ministry of Information and Zenith Bank Plc, it was “agreed that N10,061,172,600 was in excess and should be recovered by the EFCC.”

Mba and others will face trial for non-compliance with the Federal Government’s directive on TSA, abuse of the Procurement Law, and award of contracts beyond the N50million spending limit of the DG of NBC.

Credit: Nation

Nigerian Govt. Recovers Over $14million In Unpaid Oil Royalty From This Firm

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The Nigerian government has succeeded in compelling the Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Jide Omokore to cough out over $14m, being crude oil royalty which his company failed to remit to the federal treasury, administration insiders said.

High ranking federal officials familiar with the development told this newspaper that the funds were supposed to have been paid between 2011 and 2012 by Atlantic Energy which was, in controversial circumstances, awarded oil assets by the Goodluck Jonathan government shortly after it was incorporated in 2010.

Sources said the money was finally paid into the Federal Government’s account with JP Morgan Chase on January 29, after the Economic and Financial Crimes Commission waded into the matter of recovering taxes due to the Federal Government.

“The investigation of tax defaulters in the dollar-soaked oil industry is continuing,” a source at the EFCC said Wednesday. “Those who failed to willingly pay up stand the risk of arrest and prosecution for tax fraud.”

Operatives of the EFCC had on January 27 questioned Mr. Omokore, an ally of former President Jonathan in connection with a series of multi-billion dollar crude export deals.

Mr. Omokore could not be reached for comments Wednesday. But his company recently issued a statement saying it was getting back on course after submitting its plan to settle outstanding financial commitments to the Nigerian authorities.

Credit: PremiumTimes

FRC Recovers Over N360bn From MDAs

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The Fiscal Responsibility Commission (FRC) Monday said it recovered over N360 billion from the operating surpluses of Ministries Departments and Agencies (MDAs).

The chairman of the commission, Victor Muruako said this during a 2day training tour of Ebonyi State Fiscal Responsibility Commission to FRC Abuja.

His words: “As part of our mandates, we have gone out to look for these revenues from agencies that have been hiding their report and we have retrieved over N360billion by our activities from the consolidated revenue funds”.

Adding that the commission at present has embarked “on investigative visits to several agencies which prompt them to do what is right.”

According to him, “a lot of government agencies ordinarily won’t pay the operating surpluses which they are now paying.” While noting that the money is not being paid to them but they (MDAs) pushed it to the consolidated revenue funds of the federal government.

Credit: Nation

ICPC Recovers N80bn Loot

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered over N80 billion loot including N23 billion stashed in 40 banks in the country.

A member of the commission, Mallam Ozi Salami, stated this yesterday during the maiden interactive session of the North Central zonal advisory/ consultative committee held at the Confluence Beach Hotel, Lokoja, Kogi State.

He said the commission has so far received over 4,497 petitions with 899 cases con- cluded while 470 are still in court.

He said contrary to claims that the anti-graft agency has not performed well in securing convictions in the court, he said it has done so much that it has helped in shaping the society.

Salami said, for example, the commission on receiving a petition investigated and uncovered 63 illegal degree- awarding institutions and in conjuction with the National Universities Commission (NUC) ordered their closure.

Credit: SunOnline

El-Rufai Recovers N24 Billion From 423 Accounts

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Governor Nasir el-Rufai of Kaduna State said that his administration had recovered N24 billion from 423 accounts operated by his predecessor.

He made this known in a town hall meeting in Kafanchan. Represented by his deputy, Bala Barnabas Bantex, he said the adoption of a single account by the state government brought about the recovery of the huge amount of money.

According to him, “we will not relent until we have the actual number of our civil servants. Not only do we have ghost workers, we also have ghost schools in the state.”

The governor reiterated his government’s resolve to protect the integrity of public institutions and to reclaim public lands encroached on.

He said the impunity that led to some personalities to conclude that public lands are for private use “is being corrected.”

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Army Recovers Illegal Arms In Rivers

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Soldiers in Rivers State have recovered a cache of arms during an operation in Ahoada East, Ogbakiri in Emohua and Buguma, Asari Toru Local Government Areas of the state.

Meanwhile, the Rivers State Government, has alleged that the Deputy Commissioner of Police in the state, Mr Amadi has released Independent National Electoral Commission, INEC, adhoc staff allegedly caught thumb-printing ballot papers for Peoples Democratic Party, PDP, candidates in the April polls.

Chief Press Secretary to the state governor, David Iyofor, in a statement, yesterday, said: “The adhoc staff of INEC were arrested on Sunday, one day after the governorship and House of Assembly elections in a private residence in Rumueprikom, Port Harcourt, (allegedly) thumb-printing ballot papers for PDP candidates. The INEC personnel were arrested by policemen from MOPOL 19.

“However, as the arrested INEC staff were being moved, the MOPOL team were intercepted by a Divisional Police Officer in Rumueprikom Police Station, who informed Mr Amadi. He came and released the arrested INEC staff. He took them to INEC office.”

Read More: vanguardngr