Showing posts with label fraud. Show all posts
Showing posts with label fraud. Show all posts

Sunday, November 22, 2009

Petition to the National Judicial Council against Justice Ibrahim N. Buba in relation to Peter Odili


Petition to the National Judicial Council against Hon Justice Ibrahim N. Buba in relation to the Illegal Perpetual Injunctions he granted to Dr Peter Odili: Gross Incompetence and Flagrant Abuse of Powers amounting to Judicial Misconduct and Violations of the Code of Conduct for Judicial Officers.
Honourable Justice Idris L. Kutigi, GCON
Chief Justice of Nigeria & Chairman of the National Judicial Council
Supreme Court Complex
Three Arms Zone
PMB 308
Garki
Abuja
Nigeria

Your Lordship

THE PERPETUAL INJUNCTIONS RESTRAINING THE EFCC FROM CARRYING OUT ITS STATUTORY FUNCTIONS IN RELATION TO THE ALLEGED LOOTING OF THE RIVERS STATE TREASURY BY DR PETER ODILI: GROSS INCOMPETENCE AND FLAGRANT ABUSE OF POWERS AMOUNTING TO JUDICIAL MISCONDUCT AND BREACHES OF THE CODE OF CONDUCT FOR JUDICIAL OFFICERS BY HON JUSTICE IBRAHIM NYAURE BUBA

INTRODUCTION

1. In January 2007 the Economic and Financial Crimes Commission (hereafter referred to as “the EFCC” or “the Commission”), in the exercise of its statutory powers under the Economic and Financial Crimes Commission (Establishment) Act 2004 (hereafter referred to as “the EFCC Act”), issued a report of its investigation into the finances of the Rivers State government under the then outgoing Governor Peter Odili. The “Interim Report of the EFCC on Governor Peter Odili” disclosed that “over 100 billion Naira of Rivers State funds have been diverted by the Governor, Dr. Odili” and contained serious allegations of fraud, conspiracy, conversion of public funds, foreign exchange malpractice, money laundering, stealing and abuse of oath of office against Dr Odili.

Friday, November 6, 2009

The Sanusi Revolution


'Culpable Bank executives should be in jail or even be shot dead' - Sanusi
This will shock you. Make you angry. Leave you at a boiling point and leave you thoroughly mentally and spiritually exhausted.
It is the story of how the former governor of Nigeria’s Central Bank, Chukwuma Soludo connived with the Bank executives to ruin the Nigeria Banking System and destroyed families and people’s investment and left Sanusi Lamido Sanusi to clear the rot. In the end, the story will help you to know you don't have to envy all those fools looting Nigeria blind and throwing their evil wealth around. Their end is nigh

Tuesday, October 27, 2009

Bode George goes to Jail along with his Cohorts




The Lagos High Court under Justice Joseph Olubunmi Oyewole has found Peoples Democratic Party chieftain, Olabode George, guilty of fraud concerning his tenure as the chairperson of the board of the Nigerian Port Authority (NPA). Chief George and five of his cohorts were found guilty on 40 counts of fraud.
They were sentenced to two and a half years in prison without an option of fine. The PDP party chieftain is on his way to prison.People’s Democratic Party Chieftain, Chief Bode George and five other persons accused along with him by the Economic and Financial Crimes Commission, EFCC, over allegation of N85 billion fraud at the Nigeria Ports Authority, NPA, have been sentenced to 28 years imprisonment without an option of fine.He was convicted by Justice Olubunmi Oyewole of the Ikeja High Court this afternoon.George was specifically convicted on 35 out of the 68-count charge which border on contract splitting, inflation, abuse of office and disobedience to lawful order.Justice Oyewole sentenced all the six accused persons to two years each on seven counts of abuse of office and another six months for 28 charges bordering on disobedience of lawful order.

Sunday, October 25, 2009

Nigeria Shocker; Bank Chiefs looted N1trillion!

The Economic and Financial Crimes Commission, EFCC, has hired 10 forensic analysts to trace the whereabouts of about N1trillion looted by sacked Chief Executive Officers and directors of eight banks. Our investigations have revealed that out of the total non-performing loans owed the 10 troubled banks which stood at N1.189.2 trillion, the EFCC has only recovered N135 billion, leaving an outstanding of over N1 trillion.
This ugly development gave the authority of the EFCC great concern and it consequently resolved to make use of forensic analysts in this regard.The forensic analysts, who are already in the country, will join eight other forensic experts who are staff of the anti graft commission. The audit of 24 banks in the country by the Central Bank of Nigeria, CBN has led to the removal of eight Managing Directors and many Executive Directors. While four ex-MDs had been arraigned in court, four others are awaiting trial. Those yet to be arraigned are a former Executive Vice-Chairman of Intercontinental Bank Plc, Mr. Erastus Akingbola, ex-MD of Bank PHB, Mr. Francis Atuche, former MD of Spring Bank Plc, Mr. Charles Ojo, and the sacked MD of Equatorial Trust Bank, ETB.
It was however learnt that the enormity of the fraud uncovered in the eight banks has forced the EFCC to engage 10 forensic analysts to look into the records of these banks.