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EFCC’s questioning over ‘baseless’ N17.5b fraud petition angers Dickson

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DICKSON

Former Governor of Bayelsa Sate, Seriake Dickson, is angry over his invitation and questioning by the Economic and Financial Crimes Commission (EFCC) over his family assets in the United Kingdom (UK) and alleged diversion of funds totaling about N17.5 billion.

The fomer governor, now a senator representing Bayesla West, said the affected assets were acquired before he became governor, and that he had consistently declared the assets with the Code of Conduct Bureau (CCB), describing the petition filed against him at the EFCC by a non-governmental organisation (NGO) for alleged diversion of funds as frivolous.

Dickson was said to have presented himself to the EFCC, following an invitation by the agency.

The Head of Media and Publicity of EFCC, Mr. Wilson Uwujaren, confirmed the invitation of the former governor.

However, in a statement, signed by the gormer governor, he described the petition against him as baseless.

He said apart from being asked to account for the family assets he acquired before becoming a governor, he was confronted with a fresh allegation of diverting funds amounting to N17.5 billion.

The former governor said the EFCC claimed that an NGO alleged that he used part of the cash for his re-election in 2019.

Dickson added that it was obvious the petition was faulty because he did not seek re-election in 2019.

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The statement added: “However, for the avoidance of doubts, let me state that my family investments, Seriake Dickson Trust Incorporated, were made between 1996 and 2012 before I became governor.

“These investments were funded by loans and advances and repaid from salaries, allowances, savings and others. One of them is still on mortgage and I have made these documents available to the EFCC…”

The statement said: “About two weeks ago, I received an invitation from the EFCC to clarify some issues relating to assets declarations as alleged by an NGO.

“On account of our busy schedule at the time, I wrote to inform them and we agreed to reschedule the interview for Tuesday.

“As a law-abiding citizen and with a life-long commitment to supporting law enforcement and security agencies, I honoured the invitation as rescheduled.

“I understand that the subject matter of the enquiry relates to investments of my family trust, which I incorporated while being a member of the House of Representatives to hold my family assets and investments, which were made between 1996 and 2012 before I became governor.

“I understand that there is a petition from an NGO alleging that these investments (largely buildings, plots, farms, etc, in my village, Orua, Yenagoa, and two buy-to-let houses in the UK were not declared.

“I have a duty to clarify these issues with the investigating authorities who, by law, have the responsibility to enquire into these matters.”

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Dickson explained how he acquired his assets between 1996 and 2012.

“However, for the avoidance of doubts, let me state that my family investments, Seriake Dickson Trust Incorporated, were made between 1996 and 2012 before I became governor.

“These investments were funded by loans and advances and repaid from salaries, allowances, savings and others. One of them is still on mortgage and I have made these documents available to the EFCC.

“These investments were declared in my assets declaration form at the House of Reps in 2011; my Governorship Form in 2012, 2016, 2020 after I left office and the Senate Assets Declaration Form this year.

“I went beyond these declarations and wrote several letters to the appropriate agencies, copies of which have been made available to the EFCC.

“My trust and I subscribed to the federal government Voluntary Assets Income AND Declaration Scheme (VAIDES) and also paid the necessary taxes.

“As a result of blackmail from some quarters, the Trust and I went to the Federal High Court where there is a subsisting judgment declaring that no Nigerian law is breached by a public officer who takes loans and other verifiable avenues to make investments for his family provided these are declared.

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“It should be on record that I have since resigned from the Trust Administration since 2011 before I became Governor.

“My solicitors and those of the trust have written to the EFCC to clarify these issues with the accompanying documents.”

He said he witnessed a turn of event when he got to the EFCC and he was confronted with alleged diversion of funds totaling N17.5 billion.”

Dickson narrated how he was confronted with a fresh petition by the EFCC outside of what he was invited for.

The statement said: “However on getting to the commission, the investigating team came up with a new allegation of diversion of flood funds in 2012 totaling N17.5 billion.

“The petition further alleged that the money was used for my re-election in 2019. The fact is that there was no such donation about the 2012 flood in Bayelsa.

“Curiously, there was no mention of donor or where the money came from. There was also no re-election for governorship in Bayelsa in 2019 which are clear proofs that the petition was totally frivolous.

“The commission, after looking into these allegations, has since asked me to return home on self-recognition.

“I have authorised this statement to be released for the avoidance of any misinformation.”

 

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BREAKING: FG, states, LGs share N1.123tn in March

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The Federation Account Allocation Committee has disbursed a total of N1.123tn to the federal, state, and local governments for March 2024.

 

The allocation, derived from a gross total of N1.867tn, marks a critical distribution of funds aimed at supporting various government tiers.

 

This was revealed in a statement signed by the Director of Information and Public Relations, Ministry of Finance, Mohammed Manga, on Friday.

 

FAAC has the duty of examining and approving the distribution of financial resources to the states and the Federal Government.

Monthly, this committee is tasked with the disbursement of funds across Nigeria’s 36 states and its 774 local government areas.

 

This allocation is anticipated to drive progress and support governmental bodies across various tiers in executing their duties.

 

The FAAC shared N1.152.trn to the three tiers of government for February 2024 from a gross total of N2.326.14trn.

 

Manga stated that the Accountant General of the Federation, Mrs. Oluwatoyin Madein, chaired the meeting and highlighted the importance of the allocation.

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This distribution is pivotal in ensuring that all government levels have the necessary funds to continue their development projects and provide essential services to the citizens,” the statement read.

 

The statement noted that the Federal Government received N345.890bn, states, and local governments received N398.689bn and N288.688bn, respectively, while oil-producing states received N90.224bn as 13 per cent mineral revenue derivation.

 

The FAAC statement also noted an increase in the gross revenue from Value Added Tax for March 2024, amounting to N549.698bn—an N89.210bn rise from the previous month.

 

This increase reflects the country’s economic growth and improved tax compliance.

 

Despite the positive trend in VAT, the Gross Statutory Revenue of N1.017tn for March was lower than February’s N1.192tn by N175.212bn.

 

The decrease has been attributed to reductions in excise duty, oil royalty, petroleum profit tax, customs external tariff levies, and electronic money transfer levy.

 

The balance in the Excess Crude Account as of April 2024 stands at $473,754.57, indicating a reserve for future financial stability.

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The statement noted that the FAAC’s decision to allocate these funds is expected to bolster economic activities across the nation and support the government’s efforts in improving infrastructure, healthcare, education, and other vital sectors.

 

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Tinubu appoints Emomotimi Agama as SEC DG

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President Bola Tinubu has appointed Emomotimi Agama as the director general of the Securities and Exchange Commission (SEC).

 

Ajuri Ngelale, special adviser to the president on media and publicity, disclosed this in a statement on Friday.

 

Details later…

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Army releases Delta monarch declared wanted over Okuama killings

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The army has released Clement Ikolo, a traditional ruler in Delta state, who was arrested over the murder of 17 officers in Okuama community.

 

Ikolo was released on Friday during a briefing by Onyema Nwachukwu, director, army public relations, at the Army Headquarters in Abuja.

 

The army personnel were killed on March 14 during a peacekeeping operation in the community.

 

The Defence Headquarters had declared Ikolo among eight persons wanted in connection to the murder.

 

The monarch subsequently turned himself in after releasing a statement to plead his innocence.

 

Ikolo said taking lives is against his philosophy and faith as a Catholic, and urged the army to look elsewhere for the culprits.

 

The monarch was released to Ede Dafinone, senator representing Delta central, who stood as surety.

 

Nwachukwu said Ikolo’s release did not amount to exoneration but was only facilitated after the senator testified to his character.

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Others declared wanted over the murder are Ekpekpo Arthur, a professor of physics at the Delta State University; Akeywiru Omotegbono, Andaowei Bakrikri, Igoli Ebi, a lady; Akata David, Sinclear Oliki, and Reuben Baru.

 

After the killing of the officers, President Bola Tinubu and the military high command promised that the perpetrators would be brought to justice.

 

 

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