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How I collected $3m cash for Emefiele – CBN employee

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A Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on different occasions, directed him to collect three million dollars cash in tranches.

Osasuwa, while being led in evidence by the Economic and Financial Crimes Commission (EFCC) counsel, Mr Rotimi Oyedepo (SAN), said he was a dispatch rider in Zenith Bank in 2001 before he joined the CBN in 2014.
Osasuwa said he joined the apex bank as a senior supervisor in 2014.

He said Emefiele was the Managing Director of Zenith Bank Plc while he was working as a dispatch rider in the bank.
The witness said he knew Emefiele, who was his boss, while in Zenith Bank and that he later joined him at the CBN.
The witness said he was later appointed  as a senior supervisor (full time) in recording and filing of documents while working in the CBN governor’s office in Lagos.

“I was still working in the CBN governor’s office while I was appointed as a full staff member and we usually communicated through Whatsapp and email.

“I function as a senior supervisor, recording  and filing with other official roles.

“I recall that in 2020, when he was outside Lagos, he called me that he would give me a number that a man had something I should collect from him and that the man would give me the number of another person.

“When I got to the man’s office, I was given an envelope. I  counted the money and the man said I should give it to my boss,” he said.

The witness further told the court that the first defendant used to collect money by himself  anytime he was in Lagos but anytime the defendant was not around, he would tell him to give the money to the second defendant.
Osazuwa added that Emefiele sent him to MINL Ltd. when he was with Zenith Bank.

“This company is situated at Isolo, the first defendant did send me to collect cheques from the company from Mr Monday and when I collected the cheque from Mr Monday, I would give it back to Emefiele and he would lodge the money into Dumies Oil and Gas.

According to him, Emefiele’s co-defendant, Henry Isioma-Omoile, lived in the residence of the former CBN governor.

He stated that when he collected money for his boss, he would take it to his residence at Iru Close, Ikoyi.
“Whenever I received the money and take it to my boss’s residence, Mr Emefiele would tell me to give it to the second defendant whenever he was not at home.

“I did not keep a record of transactions because the instruction he gave me was that I should collect the money and bring the money to his house.

“The highest amount I collected was one million dollars all in cash and some weeks later, the businessman also called me to collect $850,000, $750,000 and $400,000 cash in tranches.

“I have never been rewarded, paid or given anything because I am doing it out of faithfulness and he knows it but he has never for once said, ‘take this’,” he said.

Under cross-examination by the defence counsel, Mr Abdulakeem Labi-Lawal, the witness confirmed  to the court that he had been working with the defendant since 2002.

According to the witness, Emefiele passed instructions to him through the second defendant and that he had been collecting cheques for Dumies Oil and Gas.

He, however, told the court when he was made to confront the second defendant during investigation but the second  defendant failed to admit it.

“I started collecting cheques for Dumies Oil and Gas when I was in Zenith Bank.

“I cannot calculate the exact year I have been collecting the cheques but it all started when the first defendant was the Managing Director at Zenith Bank and I was working at Zenith Bank,” he said.

EFCC on April 8 arraigned Emefiele on 23 counts bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage.

Emefiele’s co-defendant was arraigned on three counts bordering on acceptance of gift by agents.
The defendants, however, pleaded not guilty to the charge.

Earlier, Oshodi had declined the oral application for adjournment moved twice by the defence counsel.
The judge adjourned the case until April 29 for trial and hearing of application for closed-session.

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FG inaugurates Port Harcourt-Aba rail project, train service begins 

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The Federal Government has inaugurated the 6.2 kilometre (KM) Port Harcourt – Aba railway project, marking the start of train operations between Abia and Rivers.

The Minister of Transportation, Sen. Saidu Alkali, who said this at a ceremony in Port Harcourt on Tuesday, noted

that the project was a crucial part of the 1,443km Port Harcourt to Maiduguri narrow gauge rail project.

He said that the Port Harcourt to Aba section of the project was the initial part of the Eastern narrow-gauge railway, aiming to connect five geo-political zones of the country.

“The Federal Government is pleased to inaugurate the train service from Port Harcourt to Aba, a key priority area of President Bola Tinubu’s administration.

“We are grateful to God for the completion of the Port Harcourt to Aba section, which will bring succour to the people.

“The Eastern narrow gauge covers five geo-political zones of the country, including South-South, South-East, North-Central, North- West and North-East,” he said.

Alkali said that following the completion of the first segment and the start of commercial operations, work on the remaining part of the rail line would begin immediately.

“Shortly, we will take a train ride from Port Harcourt to Aba, which means that from today, passenger train service has commenced.

“We will continue the project from Aba to Enugu and from Port Harcourt to both Onne and Port Harcourt seaports for freight services.

“The ministry is currently in discussion with an investor to convert our locomotive from diesel to Compressed Natural Gas (CNG) to reduce transportation cost further,” he said.

The minister assured Nigerians that arrangements were being made with security agencies to ensure adequate security along the rail routes.

He also announced free train rides from Port Harcourt to Aba between May 1 to May 4.

“The train will depart from Port Harcourt to Aba at 8 a.m. daily, while it will leave Aba to Port Harcourt at 3 p.m. daily.

“Full commercial operations will resume on May 7, 2024,” he said.

Muhammad Zakari, the ministry’s Director of Press and Public Relations, said that the project when completed would boost trade, enhance mobility and connectivity between the Southern and Northern part of the country.

He said that the segment of the project was contracted to Messrs China Civil Engineering and Construction Company (CCECC) on Oct. 16, 2020, with a 36-month completion timeline.

“But due to technical and contractual issues, the project commenced in March 2022, involving the construction of modern stations and procurement of new rolling stock.

“The railway line will also connect the seaports of Onne, Bonny, and Port Harcourt to facilitate evacuation of goods and sundry freight through the Eastern corridor,” he said.

Zakari emphasised that upon completing the Port Harcourt to Aba railway, the Federal Government would push CCECC to expedite the completion of the 181km Aba-Enugu section of the project.

He said that he was optimistic that inauguration of the Port Harcourt to Aba rail service would stimulate economic activities between the South-South and South-East zones of the country.

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Fuel Scarcity: IPMAN threatens shutdown over non-payment of bridging claims

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum, has exonerated its members from the current fuel scarcity in the country.

According to IPMAN, the is caused by its inability to source petroleum products.

The IPMAN Depot Chairmen Forum also threatened to withdraw its services over non-payment of N200 billion bridging claims by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to its members, since 2022.

Alhaji Yahaya Alhassan, the Chairman, of the Forum said this while briefing  newsmen on Tuesday in Abuja.

Alhassan said the Nigerian National Petroleum Company Limited (NNPC Ltd.) was the sole importer of the product, but the marketers could not source products from NNPC Ltd. deport, rather from the private depots at high rate.

“We cannot buy fuel from the private depots at N950 and transport the product from Lagos to the North and other parts of the country with N2 million and still sell it at N900 or N1, 000.

“It is expedient for us to state that we are more pained by the non-availability of petroleum products in the country, which has given rise to another round of untold hardship for Nigerians.

“Contrary to claims that IPMAN members are hoarding Premium Motor Spirit (PMS) known as fuel, we would like to categorically state that PMS scarcity is wholly triggered by inability to get fuel from NNPC and not IPMAN,’’ he said.

Meanwhile, the NNPC Ltd. Chief Corporate Communications Officer, Olufemi Soneye said the disruption was due to logistical issues which had since been resolved.

“We currently have an availability of products exceeding 1.5 billion litres, which can last for at least 30 days. Unfortunately, we experienced a three-day disruption in distribution due to logistical issues, which has since been resolved.

“However, as you know, overcoming such disruptions typically requires double the amount of time to return to normal operations.

“Some folks are taking advantage of this situation to maximise profits. Thankfully, product scarcity has been minimal lately, but these folks might be exploiting the situation for unwarranted gain,’’ Soneye said.

He however, said the lines would clear out soon.

On the non-payment of bridging claims, the IPMAN forum said it was distressed and depressed by the laidback attitude of the NMDPRA towards the survival its member’s businesses, arising from its refusal in paying the claims.

“It is with deep frustration that we have assembled here today as the IPMAN Depot Chairmen Forum. It is also disheartening to note that some of our members have completely shut down businesses and retrenched employees.

“As businessmen and women, our members acquired bank loans to keep their fuel retail outlets running on a daily basis across the nooks and crannies of Nigeria in order to serve the teeming population of Nigerians,’’ Alhassan said.

He recalled that Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), at a stakeholders meeting in February mandated the NMDPRA management to clear the entire debt in 40 days.

“However, today, we have crossed the 40 days’ time lapse given to the NMDPRA to clear the debt, and it is shameful to state that only the paltry sum of N13 billion has been paid, ignoring minister’s directive.

“We are not happy with the indiscriminate increment in the issuance and renewal of Sales and Storage Licence, by the NMDPRA, and the subsequent delays in acquiring the licence, which our members are recently subjected to.

“We are also calling on President Bola Tinubu to look into this unwholesome figure which is highly detrimental to our business and reverse it forthwith, as it is bound to impact negatively on the masses.

“We are poised to take far reaching decisions that may cripple the supply and sales of petroleum products across Nigeria if our demands are not met within the shortest period of time.

“We are collectively prepared to withdraw our services, shut down every single outlet, and suspend lifting of products forthwith till our demands are fully met, and the consequences will be terrible.

“We call on our members to however remain resolute and law abiding, even as we draw close to the immediate ultimatum for our demands to be met by the NMDPRA,’’ the chairman said.

Reacting to the IPMAN’s claims, the Acting Head, Corporate Communications, NMDPRA, Seiyefa Osanebi said the bridging claims payment was ongoing.

“The bridging claims payment is always an ongoing process,” she said.

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Senate adjourns plenary until May 7

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The Senate has adjourned plenary until May 7 to allow for further refurbishment of its chamber.

The Senate had resumed on Tuesday, after the Easter and Sallah breaks in the chamber, but was faced with some minor operational challenges, especially poor audio quality in the chamber.

Deputy Senate President, Jibrin Barau who presided over the session said the Senate would adjourn until Tuesday, to allow for finishing touches on the chamber to rectify the problem.

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