EXPOSING THE NEWS - politics . sports . cartoons

A wealthy banker in one of the old generation banks …an Executive Director…presently who also served as former deputy Governor in CBN under Sanuci Lamido has returned a giant sum of $649 million to government. The man who is presently in service also owns 115 flashy state of the art cars. Under the former Petroleum Minister Dizieni Allison Madueke, he was said to have  helped her to purchase a property worth over 10 billion in Port Harcourt which was later forfeited  to the Federal Government. He is believed to be so wealthy that sources say he doesn’t want any trouble with the Federal Government. But he was  very close  to Mrs Allison Madueke!

With the conviction of Firms that laundered money for the former First Lady Patience Jonathan, the noose tightens around her neck. The four firms, Pluto Property and Investment Company Limited, Seagate Property Development & Investment Co. Limited, Trans Ocean Property and Investment Company Limited and Avaloon Global Property Development Company Limited. They are all linked to the former Special Adviser on Domestic Affairs  to the ex-President Good Luck Jonathan, Waripamo Owei Dudafa. The EFCC had earlier frozen the accounts where the $15.5 million were domiciled in Skye Bank and seized it in the course of probing Dudafa for money laundering. Patience Jonathan is allegedly under investigation for numerous other crimes bordering on her yearly receipt of 16 billion from the NDDC for contracts that were never executed. She was said to have received that amount for 5 years continuously; she is also under scrutiny for receiving similar amounts from NIMASA, the Presidential Amnesty...

The long arm of the law is catching up with those formerly described as sacred cows. This is all in the spirit of President Muhammadu Buhari’s decision to crack down on every suspected corrupt Nigerian. The purge spearheaded by the EFCC has been yielding good results. Now a former Custom boss is in the net; he has just returned 1 billion naira to the Federal Government in addition to having his 2 billion naira worth of mansion forfeited to the Federal Government! The Custom boss Alhaji Abdullahi Dikko had earlier returned a whopping 49 billion and was released on sick grounds. Five of his former Deputy Comptroller General’s retired and indicted had each returned the sum of 10 billion naira each to the Federal Government according to insider sources. The funds were allegedly drawn from proceeds of the 7% cost of collection and !% comprehensive import supervision scheme. He was arrested on June last year but released on grounds of poor health. A source in the EFCC confirmed that t...

A Judge of the Federal High Court in Lagos who gave the EFCC false information has been caught red handed! The female judge who is facing EFCC charges of acquiring 520 million worth of properties in Park View Ikoyi and Lekki had told the EFCC when invited for questioning that she was sick and in the hospital. The mistake she made was to give the name of the hospital. Soon after, operatives of the commission stormed the hospital—without her knowledge—and caught the hospital staff as they were trying to smuggle the female Judge inside through the back door! What a shame! This shows the extent some hardened Nigerian Government officials would go to tell lies!

Fear is now the key factor in Ministries, Departments and Agencies as the EFCC spreads its dragnet. The reason is that there is no more hiding space for those fingered in corrupt cases. Nigerians, known for their penchant for lying have now been boxed into the corner by the EFCC. A director of Finance in one of the Pension directorate who allegedly owned 24 houses and disguised them in various pseudo names was swiftly caught. Asked to explain where he got the money to purchase the houses, he said a “family friend” obliged him with loans. The family friend is now in the net for obvious lies! The deed of Agreement he presented was written in someone’s name but the signature was his! The EFCC went ahead to scrutinize all his banking transactions, actual loans borrowed. The company’s he registered were also found to contain names of his wife, brothers, sons, in-laws as directors. “Government officials think they can just perpetrate any crime and go away scot free”, said an insider in EFCC...

The Economic and Financial Commission has received kudos in their renewed onslaught against corrupt Nigerian Government officials. The praise came from the Chairman, League of Patriotic Lawyers, Malam Abubakar Yusuf. Speaking in Lagos, the fiery lawyer even called for the Bangladesh treatment where corrupt officials are tried for two weeks and thereafter the guilty ones are executed by hanging. "Without such a drastic action, stealing will continue", he declared to the ExposeNews. “The situation where Nigerian Government officials think that they are clever and attempt to hide their ill-gotten wealth under pseudo names won’t work anymore”. He cited the case of Justice Ofili Ajumogobia who bought several properties in Park View Estate and London using fake names although the properties bore her signatures. She is right now in EFCC net. There is also the case of Orji Uzor kalu whose billion naira fraud case has now been charged to court. The lawyer equally hailed the EFCC for ...