BIG STORY

Asset Declaration: Focus On Bank MDs, Others, Workers Reply EFCC

Published

4 years ago

March 18, 2021

Deposit Money Bank workers on Wednesday said the Economic and Financial Crimes Commission should focus its asset declaration drive on the managing directors of banks and other agencies of government.

EFCC Chairman, Abdulrasheed Bawa, had declared on Tuesday that the commission would from June 1 be demanding the asset declaration forms of bankers.

Bawa said the decision was in line with the provisions of the Bank Employees Declaration of Asset Act.

Reacting to the pronouncement of the anti-corruption agency in an interview with our correspondent, bankers under the aegis of National Union of Banks, Insurance and Financial Institutions Employees said the EFCC should review its stance.

Speaking on behalf of workers, the Deputy General Secretary, NUBIFIE, Sola Aboderin, said, “We are not against any policy of the government to checkmate fraudulent activities either in the financial institutions or the country as a whole.

“But what we are concerned about is why single out banks? What about the Nigerian Port Authority, NNPC (Nigerian National Petroleum Corporation), and other organizations?

“Why are they particular about banks? We are not saying they should not check the illegality in the transfer of funds but why focus on banks?”

Aboderin said, “Another thing is that they said, bank workers. Now, who are the bank workers? They should go to CBN (Central Bank of Nigeria) and ask who are the bank workers. The CBN has said that about 90 percent of those working in banks are not bank workers.

“So if you are saying tellers, marketers, and others are not bank workers, then fine. In that case, they (EFCC) should focus on the MDs (managing directors) of banks.”

He added, “I’m telling you that if you enter into the branch of any bank today, hardly will you find more than three or four people working as real staff of the bank. The rest are the outsourced staff.

“From the gate to the teller, note cashier, marketer, etc, they are all outsourced staff. So who do they want to investigate? If they really want to investigate, then they should go and investigate the MDs of banks.”

The NUBIFIE official said the anti-corruption agency argued that the actual workers on the payroll of a bank in any branch were the branch manager and three or four persons.

Post Views: 267

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BIG STORY

Alleged N110bn Fraud: Court Adjourns Yahaya Bello, Other’s Bail Ruling To December 10

Published

4 hours ago

November 27, 2024

PorscheClassy News

The Federal High Court in Abuja has adjourned to December 10 for a ruling on the bail application by the immediate past Governor of Kogi State, Yahaya Bello, and two others.

Bello had pleaded not guilty to the 16-count charges brought against them by the Economic and Financial Crimes Commission.

The former governor, along with Umar Oricha and Abdulsalami Hudu, are being prosecuted as the 1st to 3rd defendants, respectively, in a fresh N110bn 16-count charge instituted against them by the EFCC.

Bello, the 1st defendant, vehemently denied the allegations before Justice Maryanne Anenih as they were read out to them.

After taking their plea, the Defendant’s Counsel, Joseph Daudu, moved an application for bail.

However, the EFCC Counsel, Kemi Pinheiro, opposed the application, arguing that it had expired in October.

Clarifying the issue, the Defendant’s Counsel stated that the only relevant application before the Court was the motion for bail in respect of the first defendant, which was filed on November 22.

Relying on all the paragraphs of the affidavit, he added that the bail application was also supported with a written address.

Justice Anenih ordered that the defendants be remanded in the custody of the EFCC.

The EFCC had filed an N110bn alleged fraud suit against the former governor.

Post Views: 37

BIG STORY

JUST IN: Court Remands Yahaya Bello In EFCC Custody Amid Alleged N110bn Fraud Case

Published

7 hours ago

November 27, 2024

PorscheClassy News

The Federal Capital Territory (FCT) High Court has remanded Yahaya Bello, former governor of Kogi, in the custody of the Economic and Financial Crimes Commission (EFCC).

Bello was arraigned on a 16-count charge related to alleged money laundering on Wednesday.

He pleaded not guilty to all the charges.

More to come…

Post Views: 66

BIG STORY

First Phase Of 10,800-Bed Hostel In LASU Ready — Tokunbo Wahab

Published

7 hours ago

November 27, 2024

PorscheClassy News

The first phase of a 10,800-bed hostel project at the Lagos State University (LASU) is now ready for inauguration, according to Tokunbo Wahab, former special adviser to the governor on education.

Wahab, who is now commissioner for environment and water resources in Lagos, describes the project as ambitious and transformative.

“ It remains one of the most ambitious and transformative projects undertaken during my time as the Special Adviser to the Governor on Education,” he wrote on X.

“It was executed through a Public-Private Partnership (PPP) model under a Build-Operate-Transfer (BOT) arrangement which involves seven reputable investors.”

Wahab commended Babajide Sanwo-Olu, Lagos governor, for his leadership and continuous support.

“Proud of the work done here and to have been a part of this special one,” he added.

“Through the grace of God and the unwavering support and the dedication of the Lagos State Office of Public-Private Partnerships, the relentless efforts of the management staff of LASU, led by Vice Chancellor Prof. Ibiyemi Olatunji-Bello, and the cooperation of other key stakeholders, the first phase of this landmark project has now been completed.”

Wahab emphasized that the project showcases the state government’s commitment to leveraging public-private partnerships to address critical infrastructure needs in the education sector.

Post Views: 60