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33 Groups Demand Probing Of Nigeria Police Trust Fund

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The CSO-PTF Support and Oversight Group, which includes 33 different civil society organizations, has called on the federal government to launch an investigation into the alleged poor equipment purchased by the Nigeria Police Trust Fund.

According to the organisations, President Muhammadu Buhari’s commissioning breached the NPTF Establishment Act since it was adverse to the ICPC’s ongoing investigation and subversive to the fight against corruption.

CSO-PTF Support and Oversight Group is a Civil Society Organization Observatory on the Implementation of the Police Act 2020 and the Police Trust Fund Act 2019, according to a joint statement released in Lagos.

According to them, it is a coalition of over 200 civil society organisations and activists spread across Nigeria and committed to promoting transparency and accountability in the implementation of the NPTF Act.

The statement reads in part: “We, the undersigned members of the CSO-PTF Support and Oversight Group have received with serious concern, the news of President Muhammadu Buhari’s commissioning, on the 13th of January, 2022, of 200 Buffalo Toyota operational vehicles and other equipment purchased by the Police Trust Fund for the Nigeria Police Force through alleged contract fraud.

“Our concern arises from the fact, not only that the said equipment was fraudulently purchased in utter violation of the PTF Act, but also that the equipment is currently subjects of an ongoing investigation by the Independent Corrupt Practices & Other Related Offences Commission (ICPC) based on a petition alleging abuse of due process, corruption and mismanagement of funds by the PTF Management.

“Fighting corruption is one of President Buhari’s signature commitments and the mantra on which he campaigned to be elected President.

“Several news media reported this scandal. According to the Vanguard Newspapers report of September 20, 2021 captioned “N11bn police equipment contract fraud: How infighting within NPTF management led to ICPC’s petition, an investigation” over N11 billion substandard equipment were fraudulently purchased for the Nigeria Police by the management of the PTF.

“The report further revealed that ‘sharing formula of proceeds from the fraudulent purchase of substandard equipment led to the petition’. The Chairman of the PTF Board of Trustees, former IGP Abba Suleiman, was reported to have testified before ICPC investigators as a witness, during which he made startling revelations of fraud, abuse of due process and mismanagement of the PTF funds by the management.

“The Management staff of the NPTF have also been invited by ICPC over the matter.

“It was further alleged that a former Deputy Governor who is a serving Senator eyeing 2023, and a Minister were fingered in the substandard equipment purchase.

“It was, for instance, alleged that the bulletproof vests that ought to possess double-sided shields were found to only possess shield on one side.

“It was further alleged that the helmets were too small and the Toyota Buffalo vehicles procured were largely substandard.

“It is unbecoming of the President that despite the alleged scandal associated with this procurement which allegedly breached due process and despite the ongoing investigation by the ICPC over the petition alleging fraud and corruption, the President went ahead to commission that equipment.

“The Chairman of the board is quoted to have denied knowledge of the procurement process and that the management of the NPTF has been frustrating him from resuming work with his staff at the office provided by the Nigeria Police Force.

“Is it that the President is unaware of these facts despite being widely reported in the media or is it that someone or a group of people are misleading the President?

“We note that President Buhari was represented at the commissioning by the Minister of Police Affairs who was quoted to have described the provision of the equipment as part of the ongoing reformation of the Nigeria Police Force. How can the commissioning of equipment that is alleged to be substandard and capable of exposing police personnel to grave danger if faced with criminals be part of any reformation?

“The Minister, speaking for President Buhari also commended the Board of Trustees, Management and Staff of the NPTF “for meticulously and meritoriously completing the project.’  We dare to ask: what can be meticulous and meritorious about an alleged fraudulent act that breaches the laws of the country?

“The IGP, Usman Baba, in his remark during the commissioning, was quoted to have said that ‘the items provided for the force are largely in line with the requisite operational specification, tested and found to be standard that would enhance effective and efficient policing.”

“Again, we dare to ask: on what did the IGP base this assessment? We are not aware that the ICPC has concluded or made public the outcome of its investigation into allegations that the equipment was substandard and unsuitable, in fact dangerous, for use by the police. Again, the IGP’s remark is preemptive of and prejudicial to the ongoing ICPC investigation.

“Was the IGP under pressure or in cahoots with those accused of mismanagement of Police Trust Fund?

“We in the CSO-PTF Support and Oversight Group call on the ICPC to expedite action, conclude its investigation into the serious allegations of fraud and mismanagement of PTF funds and make its findings public. All those found to be involved in the allegations should be brought to account.

“ICPC owes Nigerians the legal, moral and sacred duty of ensuring that nobody or group of individuals or groups, no matter how powerful, should be allowed to interfere with or derail the investigation.

“We in the CSO Observatory will continue to monitor and regularly update Nigerians on the progress of this investigation and generally on the operations of the PTF to ensure transparency and accountability in the management of the PTF and to ensure that the purpose of establishing the fund – which is to fill the funding gap for the Nigeria Police with a view to enhancing their operational capabilities to effectively discharge their functions of securing and protecting Nigerians from crimes and insecurity is achieved.”

The groups that endorsed the statement include Rule of Law And Accountability Advocacy Centre (RULAAC), Lagos; International Peace And Civic Responsibility Centre (IPCRC), Anambra State; Conscience for Human Rights and Conflict Resolution. Lokoja, Kogi State; Centre For Human Rights And Ethics in Development (CHRED), Oyo State; Initiative For Gender Equality And Advancement, IGEA/ Edo Civil Society Organization, Edo State; Community Outreach For Development And Welfare Advocacy (CODWA), Kwara State; Human Rights Social Development And Environmental Foundation (HURSDEF), Rivers State; COMPPART Foundation For Justice And Peace Building; Habitatcare And Protection Initiative and Centre For The Advocacy of Justice, And Rights (CAJR), Plateau state.

Others are Civil Liberties Organization (CLO), Lagos State; Foundation For Environmental Rights Advocacy And Development (FENRAD) Nigeria, Abia State; Young innovators And Vocational Training Initiative (YIVTI), Kaduna State; International Solidarity For Peace And Human Rights Initiative, Enugu State; Vivacious Development Initiative, Abia State; Vision Spring Initiatives, Lagos; Anthony Opara, a private citizen; Civil Rights Realisation and Advancement Network (CRRAN), Enugu; Elixir Trust Foundation, Benue State; Centre for Environment, Human Rights and Development (CEHRD),  Rivers State and Social and Integral Development Center (SIDEC), Anambra State.

The rest are African Centre for Entrepreneurship and Information Development (ACEIDEV), Abuja; Centre for Mmadu on Human Rights, Enugu; Grassroots Development Monitoring and Advocacy Centre (GDMAC), Ilorin Kwara State; Women Environment and Youth Development Initiative (WOYODEV), Kwara State; Legal Awareness for Nigerian Women, Kaduna State; Legal Defence and Assistance Project (LEDAP), Lagos; Nnabuihe Azinkpali,  Activist, Abuja; Initiative for Safety Security and Educational Development (IPSSED NETWORK), Enugu State; Centre for Transparency Advocacy, Abuja; Koyenum Immalah Foundation, Benin; ONYIGBUO, Stephen Uche, Private, Enugu and Social Intervention Advocacy Foundation (SIAF), Lagos.

The CSO-PTF Civil Society Observatory was established to act as a catalyst to spur the Police Trust Fund to deliver on its mandate and to carry out vigorous and sustained sensitisation to create public awareness across the geo-political zones on the existence of the Police Trust Fund and its mandate.

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BREAKING: EFCC To Arraign Sirika, Daughter, Two Others On  Thursday Over Alleged N2.7bn Fraud

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Former Minister of Aviation, Hadi Sirika, his daughter, Fatimah, and two other suspects, will on Thursday be arraigned by the Economic and Financial Crimes Commission (EFCC).

The suspects are facing charges over alleged N2.7 billion contract fraud uncovered in the Aviation Ministry under Sirika.

The embattled former Minister would be arraigned for trial for the first time, before Justice Sylvanus Oriji of the Federal High Court in Abuja on Thursday.

Sirika is billed to appear in court with his three co-defendants, his daughter, Fatima; one Jalal Hamma, and Al-Duraq Investment Ltd, on charges of abusing their positions to launder over N2.7 billion.

 

More to come…

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FG Reacts To Binance $150m Bribe Claim, Says It’s An Act Of Blackmail

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  • Bribery Allegation Part Of Orchestrated International Campaign To Discredit Nigerian Government – FG

 

The federal government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as a bribe to settle the prosecution of its executives in Nigeria.

The CEO of Binance, Richard Teng, stated on Tuesday that some unidentified individuals in Nigeria have demanded large sums in cryptocurrency in order to “go away” from their troubles in that nation.

Teng’s accusation came after the company’s head of financial crime compliance, Tigran Gambaryan, and regional manager for Africa, Nadeem Anjarwalla, were taken into custody in Nigeria on February 28.

The two executives were detained as part of a probe bordering on Binance’s illegal operations in Nigeria and foreign exchange rate manipulations.

While criminal charges have been filed against Binance and Gambaryan, Anjarwalla fled detention on March 22.

However, Anjarwalla was reportedly arrested by the Kenya Police Service in April and the International Criminal Police Organisation (Interpol) is working towards extraditing him to Nigeria.

In a statement by Rabiu Ibrahim, special assistant to the minister of information and national orientation, the government said the allegation by Binance is an attempt by the cryptocurrency exchange to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations.

“In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company,” the ministry said.

“This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria.

“The facts of this matter remain that Binance is being investigated in Nigeria for allowing its platform to be used for money laundering, terrorism financing, and foreign exchange manipulation through illegal trading.

“While this lawful investigation was going on, an executive of Binance, who was in court-sanctioned protective custody, escaped from Nigeria, and he is now a fugitive from the law. Working with the security agencies in Nigeria, Interpol is currently executing an international arrest warrant on the said fugitive.”

The ministry said the bribery allegation is part of an orchestrated international campaign by Binance to undermine the Nigerian government.

The ministry said Binance is facing criminal prosecution in many countries including the United States.

“Just a week ago, the founder and former CEO of Binance, Changpeng Zhao, was sentenced to prison in the United States, after pleading guilty to charges very similar to what Binance is being investigated for in Nigeria. In addition, Zhao agreed to pay a fine of $50 million, while Binance is liable for $4.3 billion in fines and forfeitures to the US Government,” the government said.

“We would like to remind Binance that it will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns. The only way to resolve its issues will be by submitting itself to unobstructed investigation and judicial due process.”

The ministry said the Nigerian government will continue to act within its laws and international norms and will not succumb to any form of blackmail from any entity, local or foreign.

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CBN Orders Suspension Of Charges On Cash Deposits

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Central Bank of Nigeria (CBN) has issued a circular, dated May 6, 2024, directing banks to suspend the collection of processing fees on cash deposits until September 30, 2024.

The circular, signed by the Director of Banking Supervision, Adetona Adedeji, was issued in response to concerns raised by bank customers over the collection of processing fees for cash deposits that began on May 1.

Banks were previously required to charge two percent on deposits above NN500,000 for individuals, and two percent on deposits above N3m for corporate account holders.

However, the CBN has now instructed financial and non-financial institutions to suspend these charges until the end of September 2024. This move is expected to ease the financial burden on bank customers and promote cash deposits in the country.

“Please refer to our letter dated December 11, 2023, referenced BSD/DIR/PUB/LAB/016/023 on the above subject, suspending processing charges imposed on cash deposits above N500,000 for Individuals and N3,000,000 for corporates as contained in the “Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions” issued on December 20, 2019,” CBN said.

“The Central Bank of Nigeria hereby extends the suspension of the processing fees of two per cent and three per cent previously charged on all cash deposits above these thresholds until September 30, 2024.”

The apex bank directed financial institutions to continue to accept all cash deposits from the public without any charges till the end of the third quarter.

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