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N5.2bn Case: JAMB Ex-registrar Operated Eight Phony Firms, Says Aide

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Prof ‘Dibu Ojerinde, the former Registrar of the Joint Admissions and Matriculation Board, allegedly founded eight companies, purchased three buildings, and bank shares through his cronies while holding public office, according to a Federal High Court in Abuja on Wednesday.

When Ojerinde was the chief executive of JAMB, he allegedly bought the companies, two duplexes, a bungalow, and bank shares.

Peter Oyewole, a witness for the Independent Corrupt Practices and Other Related Offenses Commission, made the revelations while testifying in the N5.2 billion corruption case against Ojerinde.

The witness, who was a legal adviser to the ex-JAMB Registrar, admitted that he incorporated the eight companies and purchased the three houses for Ojerinde as his client on oral and written instructions.

The companies are Oke-Afin Boys and Girls Hostel Limited, Sapati International School, Doyin Ogbohi Petroleum Limited, Cheng Marbles Limited, Standout Institute Limited, Trillion Learning Centre Limited, Grace Petroleum Limited, and Ifelodun Communications Limited.

The certificates of incorporation of the companies and the title documents of the three buildings allegedly purchased for the defendant in Abuja were tendered and admitted as exhibits by the court.

Oyewole, who was led in evidence by the ICPC counsel, Ebenezer Sogunle, claimed to have been called to the Nigerian Bar in 1999.

He told Justice Obiora Egwuatu that the companies were floated in the names supplied to him by the defendant.

Oyewole testified that Ojerinde was registered as a director in two of the companies, while his cronies were used as directors in the rest, adding that he never met any of the cronies at the time he was using their names at the Corporate Affairs Commission.

The cronies used to register the companies, according to him, are Ojerinde Dayo, Ojerinde Olumide, Awodayo Habib, Adeyanju Gbenga, Ojerinde Olutoyin, Ojerinde Akanbi, Ojerinde Adedayo, Olayiwola Ayanwale, Ibrahim Danmusa, and Sanusi Alade Najeem, among others.

Oyewole said the receipts obtained in the course of transactions for the defendant were received and acknowledged in writing on behalf of the ex-registrar by his son and a serving member of the House of Representatives, Olumide Ojerinde.

The witness, who claimed to be an indigene of the same town, Igboho, with Ojerinde, denied registering companies for the defendant to blackmail him, adding that everything he did was on the instructions of the defendant.

To buttress his point, the witness tendered 12 letters exchanged between him and the defendant as well as 17 photocopies of bank drafts issued for his payment for the registration of the companies and the purchase of the three buildings.

The 17 photocopies of the bank drafts allegedly delivered to him by one Dr. Jimoh Olabisi, a former Director of Finance in JAMB, were admitted as exhibits.

The witness further told the court that Ojerinde acquired millions of shares in Osanta Microfinance Limited in addition to being a director in the firm at the time he was JAMB registrar.

However, Ojerinde’s counsel, Ibrahim Ishyaku (SAN), could not cross-examine the witness on the grounds that several documents tendered and admitted as exhibits were not part of the proof of evidence supplied to him.

The lawyer applied for an adjournment to enable him to obtain the documents and carefully study them.

Due to no objection by the ICPC counsel, Justice Egwuatu fixed April 4 and 5 for the continuation of trial.

The anti-graft agency had last year slammed 18 charges against Ojerinde bordering on alleged diversion of public funds to the tune of N5.2bn.

BIG STORY

Federal Government Earmarks N827bn For Education Infrastructure In 2025 Budget

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has announced that the Federal Government has disbursed a total of N34bn in loans to students studying at tertiary institutions across the country through the “Nigeria Education Loan Fund.”

The President made this statement on Wednesday while presenting the N49.7tn 2025 budget estimates to a joint session of the National Assembly. He also highlighted that the government has allocated N826bn for infrastructure development in the education sector for the 2025 fiscal year.

He stated, “Our administration has so far disbursed N34bn to over 300,000 students via the Nigeria Education Loan Fund.”

“In the 2025 budget, we have made provision for N826.90bn for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education and the nine new higher educational institutions.”

He continued, “We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated N402bn for infrastructure investments in the health sector in the 2025 budget and another N282.65bn for the Basic Health Care Fund.”

“Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians.”

“This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.”

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BIG STORY

President Tinubu Targets N1,500 Per Dollar Rate In 2025 Budget Goals

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Wednesday, stated that the Federal Government aims to stabilise the exchange rate at N1,500 to the dollar to ensure the smooth implementation of the 2025 budget.

This marks a reduction of about N200 from the current rate of N1,700 to a dollar.

President Tinubu made this known while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

“The budget projects that inflation will decline from the current rate of 34.6% to 15% next year, while the exchange rate will improve from approximately N1,700 per dollar to N1,500. The base crude oil production assumption is set at 2.06 million barrels per day”, he said.

“The projections are based on the following observations: reducing the importation of petroleum products, increasing exports of refined petroleum”. He added.

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BIG STORY

JUST IN: 32 Reportedly Die In Ibadan Children Programme Stampede

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At least 32 people have tragically lost their lives during a stampede at a children’s carnival in Ibadan, the Oyo State capital, in the early hours of Wednesday.

A statement from the Commissioner for Information and Orientation, Prince Dotun Oyelade, revealed that the stampede occurred at a private children’s funfair at Islamic High School, Basorun, resulting in the deaths of 32 people, mostly children, with some others sustaining injuries.

He mentioned that the state government promptly deployed a rapid response team to the site following the incident.

The commissioner confirmed that the victims have been transported to various hospitals across Ibadan for medical treatment.

While thanking the Commissioner for Health, Dr. Oluwaserimi Ajetunmobi, for quickly activating all available response teams to assist at the scene, Oyelade emphasized that the state government will do everything possible to support the victims of the stampede during this difficult time.

He noted that the sate government was not involved in the planning of the carnival, adding that the Ministry of Health was also not carried along in the organisation of the private end of the year children funfair.

Oyelade emphasised the importance of proper coordination when organising events of such magnitude, especially those involving children and elders.

“We are currently awaiting a detailed report from the Commissioner of Police to clarify the total number of victims involved in this unfortunate incident,” he said.

The commissioner urged parents who are concerned about the whereabouts of their children to check the following medical facilities in Ibadan where affected children were taken for proper medical attention, with a valid means of identification:

  • Patnas Hospital, Basorun
  • Western Hospital, Basorun
  • Ringroad State Hospital
  • Molly Specialist Hospital
  • University College Hospital (UCH)

“Oyo State Government extends its deepest sympathies to the families affected by this tragedy while also urging the public to remain calm and cooperative as relevant pieces of information are gathered and necessary supports arranged for the victims,” he added.

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