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National Chairman of Peoples Democratic Party Uche Secondus has dismissed reports that he benefited from a multi-billion naira oil cash during Goodluck Jonathan administration.

PorscheClassy understands that the Economic and Financial Crimes Commission has released a document showing that N1.28 billion was spent on acquiring luxury vehicles for him and the party’s ex-national chairman Adamu Muazu and Senator Albert Bassey.

It was learned that the PDP leader got vehicles or gifts worth N310million-N472.5million; Mua’zu, N504, 500,000 and Bassey, N303m.

Secondus, in his reaction to this development, referred to it as blackmail.
Speaking through his spokesman, Ike Abonyi, Secondus said, “We are already in court on some of these allegations. If anybody has anything to prove, let him go to court. We know that this is a continuation of blackmail and media trial against the PDP national chairman.”

The EFCC document also reveals that about N250million was traced to Secondus as remittance in two tranches from the Office of the National Security Adviser (ONSA).

According to the document, out of the cash, N50million was collected by Uche [Secondus] on November 7, 2014 and one Chukwurah, who was a Special Assistant to Secondus, picked the balance of N200million in cash, on February 9, 2015.
The documents indicated that 50 vehicles were purchased for Secondus between June 28, 2013 and November 2014.

BIG STORY

Polaris Bank Takes Over Skye Bank, CBN Assures Depositors Of Cash Safety

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Following the withdrawal of the operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN), in consultation with the Nigerian Deposit Insurance Corporation (NDIC), has established a bridge bank known as Polaris Bank, to assume the assets and liabilities of the defunct bank.

CBN Governor, Mr. Godwin Emefiele, who disclosed this on Friday, said the strategy was for the Asset Management Company of Nigeria (AMCON) to capitalise the bridge bank and begin the process of sourcing investors to buy out AMCON.

“By this decision, the licence of the defunct Skye Bank is hereby revoked.

We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to enable customers to transact their businesses seamlessly.

“Thus, all customers of Skye Bank shall be automatic customers of the new bank and their accounts and records duly purchased by Polaris Bank,” Emefiele explained.

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BIG STORY

BREAKING: CBN Revokes Skye Bank’s Operational Licence

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The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank, The Cable reports.

Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday.

More details will be provided shortly…

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BIG STORY

Osun Guber: Don’t Kill Yourselves Over Who Becomes Governor, Only God Gives Power — Ooni Of Ife

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The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has warned youths against political violence before, during and after the Osun gubernatorial election coming up on Saturday.

Oba Ogunwusi gave the warning during the courtesy visit of the Social Democratic Party (SDP) gubernatorial candidate, Sen. Iyiola Omisore to his Palace, on Thursday, in Ile-Ife.

He said: “It is only Almighty Allah that has the power to elevate whoever He wants to the post. For He is in Heaven doing what pleases Him”.

According to him, people don’t need to fight each other over getting to a post, but should rather allow God’s will to come into perfection.

The royal father, therefore, appealed to all and sundry to maintain peaceful coexistence in the forthcoming election, saying there is no gain in blood shedding.

Earlier, Omisore lauded the Ooni for his fatherly role and for supporting his aspirations to rule the state.

Omisore also thanked Ife and Osun indigenes, for rallying around him in his campaign and appealed to all and sundry to support him by casting their votes for him during the election.

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