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Money Laundering: 22 Ex-Governors, Many Serving Senators Under Probe — Attorney-General

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The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, on Thursday, disclosed that a total of 22 former Governors and currently being investigated on money laundering related charges.

The AGF, who described President Muhammadu Buhari’s fight against corruption as “total, comprehensive and dispassionate devoid of any political or ethnic sentiments or inclination”, equally revealed that many serving Senators are under FG’s investigative radar.

Malami spoke during a media parley he held with the National Association of Judiciary Correspondents, NAJUC, at the Federal Ministry of Justice headquarters in Abuja.

Stressing that corruption undermines the security of any nation, generates huge economic damage and violates human development, the AGF said President Buhari would leave no stone unturned to recover wealth stolen from Nigeria either by individuals or corporate entities.

He noted that three former Governors have already been convicted and are currently serving various jail terms for corruption-related crimes they committed while in office, adding that the Economic and Financial Crime Commission, EFCC, had between 2015 and 2019, secured the conviction of 1, 636 persons involved in corruption-related offenses.

Malami said: “I am delighted to host Judiciary Correspondents as part of the end of the year briefing on the monumental activities and historic achievements of the Ministry and its parastatals.

“Occasions like this one serve as avenues for introspection and unveiling action plans, future projects and strategic initiatives for consolidating the Ministry’s drive-in Justice sector enhancement for the forthcoming year and beyond.

“Members of the Judiciary Correspondents have been contributing tremendously in their reportage of the activities of the Ministry and its parastatals.

“You report to the general public the enviable contributions of the teaming members of the Ministry that culminated into landslide accomplishments.

“I would like to acknowledge the fact that that the Judiciary Correspondents have been very supportive in providing positive and adequate publicity for the Ministry’s activities.

“I am optimistic that the meeting is essential in enhancing the working relationship between the Ministry and the Media.

“The imperative of having a committed leadership that respects the rule of law and above all has zero-tolerance to corruption and corrupt tendencies remains the fulcrum upon which development revolves.

“Let me inform this gathering that corruption undermines the security of any nation, generates huge economic damage and violates human development. No doubt, failure to address corruption inhibit sustainable long growth which undermines national development.

“Like the President always states, if we don’t make an effort to kill corruption, corruption will kill us and when corrupt monies find a haven, it will begin to fight back. Thus, Nigeria and Africa at large can only move forward if we resist corruption in all forms.

“The present administration has been fighting corruption in all its ramified manifestations including legislative framework, institutional infrastructure and the adoption of effective preventive measures against corruption and putting in place mechanisms for the management of recovered stolen assets.

“To this end, we have created a central database for recovered stolen assets which is under the supervision of the Attorney General of the Federation and Minister of Justice.

“The Government made concerted efforts that see to the boosting of the institutions and agencies responsible for the fight against corruption; Ministry of Justice, Independent Corrupt and other related Offences Commission (ICPC), Economic and Financial Crime Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), Code of Conduct Bureau, among others.

“Nigeria has taken anti-corruption measures in tackling cybercrime, money laundering, oil bunkering and false assets declaration among others. Pursuant to the Code of Conduct Act, Public Officers are expected to declare their assets immediately upon assumptions of office.

“We have also developed the National Anti-Corruption Strategy and a guideline for smooth implementation of the strategy which five (5) pillars include: Prevention of Corruption, Public engagement, Ethical re-orientation, Enforcement and sanction, and Recovery and management of proceeds of crime.

“The Government has improved the economic fortune of the country through institutional support and legislative framework. The Financial Bill, Deep Offshore Profit Sharing Contract Act among others count among steps in that direction.

“I am pleased to inform this gathering that the Federal Government of Nigeria has recovered funds from corporate bodies and individuals through the combined efforts of the Office of the Attorney General of the Federation and Minister of Justice and our Law Enforcement Agencies through local and international collaboration with international community and adoption of strategies put in place.

“On the international front, Nigerian Government is collaborating with various jurisdictions to recover and repatriate funds that have been stolen and stashed outside Nigeria.

“The government is not relenting in the pursuit of Nigeria’s stolen wealth. The recovery efforts are ongoing and work is in progress.

“Government of the Federal Republic of Nigeria under the leadership of President Muhammadu Buhari will leave no stone unturned to recover wealth stolen from Nigeria either by individuals or corporate entities.

“Our fight against corruption is total, comprehensive and dispassionate devoid of any political or ethnic sentiments or inclination.

“One of the multiple institutions involved in the fight against corruption, the Economic and Financial Crime Commission, was able to, from 2015 to September 2019 convict 1, 636 persons involved in corruption-related offenses.

“It might interest you to note that former state Governors and even serving senators are not spared.

“Currently, high profile personalities including judicial officers and former governors indicted for corruption have been prosecuted and many sentenced to jail.

“We have three former Governors convicted and serving various jail terms for corruption-related crimes while in office. Equally, twenty-two ex-governors are either under probe or on trial.

“The Whistle-blowing Policy is also well implemented and has yielded lots of recoveries of stolen assets in Nigeria.

“I urge journalists to use the institution of the media for advocacy against corruption, encouraging the implementation of crucial measures and providing inspirational motivation against corrupt practices as well as highlighting exemplary models by promoting excellence and creativity in anti-corruption projects as an incentive to greater motivation is significant to the Africa continent.

“This engagement is about soliciting for consensus building in the fight against corruption and working together toward nation-building for the betterment of its citizens.”

BIG STORY

Lagos State Government To Concession Red And Blue Line Rails For Sustainability, Loan Repayment

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The Lagos State Government has announced plans to concession the operations of the Red and Blue Line rail systems to the private sector in order to ensure their sustainability and repay loans taken for the rail projects.

This announcement was made by the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, during a recent TVC News interview, where he discussed the measures being implemented to ensure the continued viability of the state’s rail systems.

Osiyemi explained that the concessioning process would involve transferring the operations of the rail systems to private sector players for a defined period. This approach is intended to ensure the continued operation and effective management of the rail projects.

“The ultimate game is for all our rail systems we’ve done—that is, the Red Line and Blue Line—there is going to be some concessionairing with the private sector for a period of time to ensure sustainability and continuity,” he stated.

He added, “The concessioning would help pay back the loans taken for the rail projects.”

The commissioner emphasized that the concessioning strategy aims to ensure efficient operations and long-term financial sustainability, in line with the state’s vision for a world-class transportation network.

  • More Insight

Osiyemi further highlighted the substantial financial and technical challenges involved in operating rail systems, describing them as capital-intensive projects that require significant resources and specialized expertise.

To tackle these challenges and build local capacity, he noted that the Lagos State Government has enlisted foreign partners to temporarily manage the operations of the trains.

These partners are expected to not only ensure smooth operations during their tenure but also transfer critical skills to Nigerian personnel. The plan includes a structured training program lasting one to two years, after which the management of the rail systems will be fully handed over to local operators.

“What we have done is we have consulted foreign partners who, of course, would run these trains for a particular period of time and train our people—that is, transfer of skills.”

“They will train our people for one to two years, then hand over for our own management,” Osiyemi explained.

  • Things You Should Know

The Lagos State Government, under its Lagos Strategic Transport Master Plan, has set out an ambitious vision to develop a network of rail systems across the state.

Currently, only the first phases of the Red Line and Blue Line rail systems have been completed, with passenger services already in operation.

The Blue Line is a 27km electric rail line designed for sustainable operations. Its first phase, covering 13km from Lagos Marina to Mile 2, was completed in 2023 and began commercial operations in September, carrying over 2 million passengers to date.

The Red Line, spanning 37km from Agbado in Ogun State to Oyingbo in Lagos, operates on diesel. Its first phase, a 27km stretch, includes eight strategically located stations: Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo.

The construction of the second phases of both the Red Line and Blue Line rail systems is being managed by the China Civil Engineering Construction Corporation (CCECC), which also oversees the operation of the trains.

Beyond the Red and Blue Lines, the state has plans for additional rail systems, including the 68km Green Line (Lekki Free Trade Zone to Marina), the 85.7km Purple Line (Redemption Camp to Ojo), the 48km Orange Line (Ikeja CBD to Agbowa), and the Yellow Line, all aimed at enhancing the state’s transportation network.

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BIG STORY

Lagos Commissioner Tokunbo Wahab Condoles With Families Of Epe Accident Victims

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Condolence Message from the Honourable Commissioner for Environment and Water Resources, Lagos State, Mr. Tokunbo Wahab.

I am deeply saddened by the tragic incident that occurred in our community, Epe, claiming the lives of two promising young adults, a dedicated tricycle driver, and leaving several other people injured. This heartbreaking accident has left our hearts heavy, as we mourn the loss of these young souls who were full of hope and dreams, and an industrious individual who worked tirelessly for his livelihood.

As a member of this community, I extend my heartfelt condolences to the families and friends affected by this terrible loss. I can only imagine the pain you must feel, and I want you to know that you are not alone in this moment of grief.

Let us honor the memories of these individuals by advocating for safety and awareness on our roads. As we move forward, may we find comfort in community and strength in one another. May their souls rest in peace, and may their families find solace and healing in the days to come.

Our thoughts and prayers are with you all.

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BIG STORY

JUST IN: Monday Okpebholo Sworn In As Edo State Governor

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Monday Okpebholo, a serving senator, has been sworn in as the governor of Edo State.

Okpebholo took his oath of office at about 1pm on Tuesday during the inauguration ceremony in Benin, the state capital.

As the candidate of the All Progressives Congress (APC), Okpebholo won the September 21 off-cycle governorship election in the state.

He polled 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP), who came second with 247,274 votes.

Olumide Akpata, the candidate of the Labour Party (LP), came third with 22,763 votes.

Dennis Idahosa was also sworn in as the deputy governor of Edo.

Dignitaries, including Vice-President Kashim Shettima, Abdulrahman Abdulrazaq, chair of the governors’ forum; Philip Shaibu, reinstated deputy governor of Edo; and other governors from the party, were present as Okpebholo took the oath of office.

The new governor later rode in an open-top van around the stadium, acknowledging cheers from supporters.

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