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Thursday, 20 July 2017

Osinbajo writes Reps, wants N135.6 billion moved among budgets of various ministries

The Acting President, Yemi Osinbajo, has written to the House of Representatives requesting approval for “virement’’ of N135.6 billion to fund some critical projects in the 2017 budget.

The request was made in a letter dated July 18, 2017, which was read to members of the House by its Speaker, Yakubu Dogara, at plenary on Thursday in Abuja.

The acting president drew the attention of the House to discussions and agreements between the executive and legislature before the 2017 Appropriation Bill was signed into law.

Part of the agreement was that the executive should submit a “virement proposal’’ to move some funds from within the budget to other critical items in the budget.

Some of the ministries affected by the request are Power, Works and Housing; Transportation; and Agriculture and Rural Development.

They also include Ministry of Interior, Ministry of Defence, Ministry of Education, Federal Capital Territory Administration and Ministry of Health.

Details of the request showed that N46 billion is to be vired within projects of Ministry of Power, Works and Housing and N66 billion within projects of Ministry of Transportation.

Sources of the virement are N33.25 billion from Ministry of Transportation, N3.18 billion from Ministry of Power, Works and Housing and N14.13 billion from Office of the Secretary to the Government of Federation.

Also, N5 billion is to be moved from Office of the National Security Adviser, N5.01 billion from Ministry of Science and Technology and N5.41 billion from Ministry of Trade and Investment.

The sum of N1 billion is to be collected within projects of Ministry of Agriculture and Rural Development, N7.70 billion from Ministry of Interior and N80.50 million within Ministry of Trade and Investment.

Similarly, N3.15 billion is to be sourced from Ministry of Defence, N770 million from Ministry of Education, N1.7 billion from Federal Capital Territory Administration and N1.3 billion from Ministry of Trade and Investment.

Ministry of Health is expected to release N1 billion, N735.04 million from office of the Secretary to the Government of the Federation and N1.09 billion from Ministry of Labour and Employment.

Accordingly, the letter indicated that N729 million would be sourced from Ministry of Information and Culture, N734 million from Ministry of Communication and Technology and N2.39 billion from Ministry of Water Resources.

It also indicated that N1 billion would be derived from Ministry of Mines and Steel Development and N241 million from Ministry of Environment.

The communication from the acting president stated that the specific appropriated items to be vired to were contained in schedule 1, while appropriated items from which to vire the amount required were contained in schedule 2.

Mr. Osinbajo, therefore, called on the House to urgently consider the request in order to support collective efforts to improve the well-being of Nigerians.

Mr. Dogara referred the request to the Committee on Appropriation for necessary action.

Sunday, 16 July 2017

''I’m ready to go to jail'' Ex-Minister Diezani vows to open the can of worms!

Nigerian Ex-Minister of Petroleum, Diezani Alison-Madueke
Former Petroleum Minister, Diezani Alison-Madueke, who is being investigated for a series of multi-billion dollar fraud and money laundering offences in Nigeria, the United Kingdom and America has threatened to squeal on his co-conspirators, Kola Aluko and Jide Omokore. 

She said after opening up on everything that transpired in the controversial fraudulent transactions, she would be ready to be thrown in jail along with her co-conspirators.
Mrs. Alison-Madueke explosive comment is contained in a recorded conversation recovered by investigators probing the corruption allegations against the former minister.

Details of the conversations have now been filed as part of a civil complaint by the United States Department of Justice (DoJ) seeking the forfeiture of over $144 million slush fund.
The trio of Mrs Alison-Madueke, Mr. Aluko and Mr. Omokore were listed as persons of interest in the civil complaint filed at the US District Court, Houston, Texas.

The complaint revealed how the three individuals laundered millions of dollars on behalf of Mrs Alison-Madueke, which was used in buying properties in the US and the UK for her family in return for oil contracts to Atlantic Energy Drilling Concepts Nigeria Ltd (AEDC) and Atlantic Energy brass Development Ltd (AEBD), two shell companies owned by Mr Omokore.
In the conversation with Mr Aluko recorded by herself on May 14, 2014, a clearly angry Mrs Alison-Madueke, admitted to helping his co-conspirators secure the multi-billion dollars Strategic Alliance Agreements (SAAs) deals.

In another conversation with another unknown recipient, the former minister dared Mr. Aluko to reveal details of their dealings, and then face the consequences.
She was however furious at how the ostentatious acquisitions of Messrs Aluko and Omokore might have led law enforcement agencies across the world to their shady dealings.
She was particularly mad at Mr Aluko’s acquisition of a the Galatical Star, a $80 million “super yacht”, warning that he could have rented a yacht for two weeks instead of buying one.
Diezani Alison-Madueke
Ex-Minister of Petroleumm, Diezani Alison-Madueke
“You and Jide [i.e., OMOKORE] had some of the most support that we could possibly give. At a time when we’re not doing anything else, we stuck our necks out regarding the SAA and we supported it. [INAUDIBLE] How the two of you have ruined it is incredulous and incredible to all of us,” she said.
“I spoke to you several times about your general behaviour, acquisition of assets, etc., asking you to be a bit more careful because [INAUDIBLE] will start following you. I remember we had this open discussion more than once. You kept telling me that there was no issue because you did it in a certain way, you did it in a certain—and I kept telling you that it doesn’t matter how you do it.
“Once you start acquiring, acquiring, acquiring at a certain level, then you’ll be—whether you like it or not, whether it was done in the most transparent—you understand?— manner or not, because they will want to trace where it came from. This is an age of terrorism.
“If you want to hire a yacht, you lease it for two weeks or whatever. You don’t go and sink funds into it at this time when Nigerian oil and gas sector is under all kinds of watch, as we have been for some time, and where Atlantic [i.e., AEDC and/or AEBD] itself has been the subject of all kinds of speculation,” she said.
Apparently while the trio allegedly schemed to launder billions of naira that should have accrued to the Nigerian government all was not well with them. In the recorded conversation, Mrs Alison-Madueke, in response to speculations that Mr Aluko was going to blackmail her, threatened to spill the beans.
She said she was ready to reveal to Nigerians all that happened and was ready to follow Messrs Aluko and Omokore to jail.
“I said tell him [i.e., ALUKO] to bring everything out, and then you know what will happen? No problem, I will be happy to escort all of you to jail along with myself. I said, in fact, you’ll be shocked by what I will do. Because when it comes to that, I will come out and tell the Nigerian people this is what happened.
“Oh, yes, I will blame myself, but it [INAUDIBLE] place and everything. Anything they want to say, I am happy to go. But I will come out openly and say it so that they can judge me openly. And then all of us go and sit on the gate. Let us see who survived [INAUDIBLE], me or you,” she said.
Mrs Alison-Madueke also acknowledged that the furniture she was given by the duo of Messrs Aluko and Omokore was not worth more than $4million.
“The furniture they gave me didn’t come to more than four million dollars, altogether. [INAUDIBLE] it is truth. I was with [INAUDIBLE],” she admitted.
Mrs Alison-Madueke, who is reported to be receiving treatment for cancer in the United Kingdom, is already facing a series of multi-billion dollar fraud-related investigations by Nigerian and UK authorities.

Last February a Federal High Court in Lagos ordered the forfeiture of N34 billion linked to her but stashed in several Nigerian banks.
Mr Omokore, an oil businessman, alongside some top officials of the Nigerian National Petroleum Corporation (NNPC) is facing a nine-count charge of criminal diversion of about $1.6 billion of proceeds of sales of petroleum products belonging to the Nigerian government.
The Nigerian government is also seeking a world-wide freeze of multi-billion dollar assets owned by Messrs. Aluko and Omokore.
The assets include a $80 million “Super Yatch”, the Galatica and three private jets.

Credit: PremiumTimesNg

Thursday, 22 June 2017


 As the dispute over the 404.76 hectares of land between some families in Ibadan and the government of Oyo State continued in court on Tuesday, the first defence witness, Olufisayo Ogunbiyi, a Senior Land Officer in the state Civil service told the High Court sitting in Ibadan that apart from 'Exhibit F' there was no other letter written to the Federal Government in respect of the disputed land.
The said 'Exhibit F' was the letter written by the Oyo state government to the Federal Ministry of Land ,Urban and Housing declaring that the state did not have anything against releasing the land 404.76 hectares to the original owners
Ogunbiyi, who said this under cross-examination by the leading counsel to the claimants (land owner families), Barr. Olayinka Abiose further stated that he was not aware that Oyo State government wrote any other letter to the Federal Government requesting for the same land under dispute.
He however disclosed that he was aware that the state government had released 20 acres to four of the owner families out of the disputed land before litigation began on it, adding that his ministry was not contacted by the owner families before the agitation began for the release of the entire 404.76 hectares of land to them.
The defence witness further attested to the fact that the Federal Government directed the government of Oyo State through a letter marked 'Exhibit M', copies of which were made to Stad Properties Nigeria Ltd and the Secretary to the original owners that the land under dispute be released to the original owners.
When asked about the level of compliance of the state government with the FG directive, Ogunbiyi stated that there was a partial compliance by the release of about 100 acres of the land to High Chief Eddy Oyewole, claiming to be the representative of some of the owner families.

Monday, 19 June 2017

Seven Nigerians in UK, Inspiration to Democracy and Africa Continent -Oyintiloye

A Lawmaker in the Osun State House of Assembly, Honourable Olatunbosun Oyintiloye has described the emergence of seven Nigerian-United Kingdom Born citizens who were elected to the parliaments as inspiration for pursuits of excellence in Africa.

Oyintiloye who said their emergence into political limelight in United Kingdom was not only a wake-up call for parents, guardian and caregivers to give attention to child upbringing but a clarion call for leaders at all levels to give priority to the creation of enabling environment*.

Speaking with newsmen in Osogbo, the Lawmaker representing, Obokun State Constituency, maintained that success recorded by these UK citizens of Nigerian extraction, inspires hope and  lend credence to the imperative of development of potentials of young ones.

He stressed the need for people especially *youths to commit themselves to community service, be their best in their field of human endeavours and strive to add value to humanity.

"Politics is a vehicle for the promotion of human dignity, pursuit of happiness, social justice and prosperity, these Nigerians have made us proud”

He called on Nigerians to rise above primordial sentiments, stressing that *putting round pegs in round holes aids development.

" Its only the deep that calls to the deep, individuals who possess talents and guts , who have capacity to deliver , I mean selfless individuals should be encouraged at all times”

“We are excited because they shared Nigerian identity, we must get it right that discovery, nurturing and development of potentials is the right way to go” Oyintiloye addedu

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