Connect with us

News

Naira redesign: Three govs planning salary payment with stashed cash – EFCC

Published

on

 

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Thursday, disclosed that three serving state governors are under monitoring over moves to launder cash through table payment of salaries to workers. 

Bawa, who did not give the identities of these governors, said two of them were from the North, while the third one was from the southern part of the country.

He said intelligence at the agency’s disposal revealed that the three governors had concluded plans to inject the money into the system through table payment of their state workers’ salaries.

“Let me tell you something; the Intel that I have yesterday and I would want you to take this thing very seriously. Already, some state governors have some of this cash stashed in various houses and the rest are now trying to pay salaries in cash in their state,” he told Daily Trust.

When quizzed on whether the commission would summon the said governors, Bawa said they were closely monitoring them.

READ  Osun Election: EFCC storm polling units (photos)

“I don’t know how they want to achieve that but we have to stop them from doing that. Well, we are working, they have not paid the salaries in cash yet but it is a very serious thing,” he said, noting that the act was against section 2 of the Money Laundering Prohibition Act.

“The law is very clear regarding cash transactions. Anybody that is to consummate any cash transaction as an individual, if it is not through a financial institution, must not be above N5m and if it is above that it is criminal for you to engage in such transaction. And for corporate entities, it is N10m.

“Yes, I agree the salaries are not up to that but why are you all of a sudden, and all along you have been paying people salaries through their bank accounts and now you want to pay them in cash, what are you trying to do? They will come under a lot of guises, they are trying to do verification of officers, that is what we have gotten,” Bawa added.

READ  Jesus' brace help Arsenal beat Leicester City to maintain 100% start

The development is coming amid moves by the Central Bank of Nigeria to redesign the naira notes, particularly the N200, N500 and N1000 bank notes.

The CBN had on October 26 announced that the country’s currency would be redesigned to address many issues that had negative effects on Nigeria’s economy. The development has since generated mixed reactions among Nigerians.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

News

BREAKING: Aisha Buhari bows to pressure, withdraws case against Aminu

Published

on

By

 

Following unrelenting pressure and condemnation by activists, Amnesty International, the National Association of Nigerian Students, and other citizens, First Lady Aisha Buhari, has withdrawn the case against the final year student of the Federal University, Dutse, Aminu Mohammed.

The prosecution counsel Fidelis Ogbobe, withdrew the case on behalf of Mrs Buhari, said the First Lady, being the mother of the nation, decided to withdraw the case, following the intervention of “well-meaning Nigerians.”

Moving a motion for the withdrawal of the case, Ogbobe cited section 108 subsection 2(a) of the Administration of Criminal Justice Act.

Justice Yusuf Halilu of the FCT High Court commended Mrs Buhari for withdrawing the case.

Halilu, while issuing the release warrant, called on parents to always monitor their children to avoid recurrence

According to a police report, Mr Muhammed was arrested at Federal University Dutse on November 18, 2022, after Mrs Buhari instructed a team of police detectives to track him down.

READ  EFCC arrests two siblings, 14 others for internet fraud, impounds ten exotic cars

The Presidency had earlier barred visitors from visiting inmates at the Suleja Correctional Centre, Niger State, following the arrest of Aminu.

Amnesty International Nigeria had also condemned the arrest and alleged torture of Aminu Muhammed, adding that the 500-level undergraduate of the Federal University, Dutse, Jigawa must be released and the charges against him, which it described as bogus, be dropped. The PUNCH reports.

Following reports that he has allegedly been subjected to torture and other ill-treatment, including severe beatings, since being detained, AI said, “The Nigerian authorities must urgently release Aminu Muhammed and drop all charges against him. He is a student accused of defaming Aisha Buhari, the First Lady of Nigeria, on Twitter.”

Continue Reading

News

 Collection of PVCs commences December 12 – INEC

Published

on

By

 

Ahead of the 2023 general elections, the independent National Electoral Commission, on Friday, said that citizens who participated in the voters’ registration exercise ahead of the 2023 general elections would be able to collect their Permanent Voters Cards from December 12, 2022.

This was made known in a statement made available to our correspondent in Abuja.

According to the statement, the Commission met, on Thursday, December 1 2022, and deliberated on a number of issues, including the dates for the collection of Permanent Voters Cards nationwide.

The Commission held a retreat in Lagos with all the Administrative Secretaries and Resident Electoral Commissioners from the 36 States of the Federation and the Federal Capital Territory from November 28 to December 2, 2022. At the retreat, the Commission finalised the procedure as well as the timetable for the collection of PVCs.

The statement which was signed by the commissioner in charge of voters education, Festus Okoye partly reads, “Consequently, the Commission has fixed Monday 12 December 2022 to Sunday 22 January 2023 as the dates for the collection of PVCs in all the 774 Local Government Offices of the Commission throughout the Federation.

READ  Sexual assault: Lagos seeks life imprisonment for Baba Ijesha

“The Commission also resolved to devolve PVC collection to the 8,809 Registration Areas/Wards from Friday 6th to Sunday 15th January 2023. Those that are unable to collect their PVCs at the Local Government Offices of the Commission can do so at the Registration Areas/Electoral Wards. After the 15th of January 2023, the exercise will revert to the Local Government Offices of the Commission until January 22, 2023.

“All eligible and valid registrants can collect their PVCs from 9.00 am to 3.00 pm daily, including Saturdays and Sundays.

“All the RECs and Electoral Officers have been directed to convene a meeting with the critical stakeholders in their States and Local Government Areas, including traditional and religious leaders, civil society groups, community-based organisations and the media to brief them on the modalities for the collection of the PVCs in order to sensitise the public and ensure seamless exercise.

“Similarly, RECs and EOs have also been directed to set up help desks to assist registrants with complaints about their PVCs or with the PVC collection procedure for immediate redress.

READ  National Convention: APC govs insist on February, pass confidence vote on Buni

“The Commission appreciates the patience and understanding of Nigerians, especially those who registered as voters or applied for transfer/replacement of their cards from January to July 2022. In making the cards available for collection, the Commission is also working to ensure that the process is simple and hitch-free for Nigerians.”

Continue Reading

News

Former President Jonathan accepts ambassadorial role

Published

on

By

 

Former President Goodluck Jonathan has been accepted as Africa’s Agricultural Technology Ambassador by the African Agricultural Technology Foundation (AATF).

Making the announcement after meeting with the former President in Yenagoa, Bayelsa South-south during the week, the AATF Executive Director, Dr Canisius Kanangire, said the appointment was informed by the former President’s track record of championing agricultural transformation on the continent.

AATF, in a statement by its Communications Officer, Alex Abutu, described Dr Goodluck Ebele Jonathan as a Nigerian politician who served as the President of Nigeria from 2010 to 2015 and had since been at the forefront of agricultural improvement on the continent.

In his acceptance speech, Dr Jonathan said that as a former Head of State, his interest in serving the continent is driven by the interest he has in driving food security and transformation for a better quality of life in Africa.

Kanangire said: “Dr Jonathan’s commitment to uplift agriculture on the continent was exemplified by the Agricultural Transformation Agenda he pursued and diligently implemented in Nigeria during his tenure as President.

READ  27-yr-old convicted yahoo boy, one other forfeit three duplexes, N200m found in accounts

“The agenda targeted increasing efficiency and profitability in about 12 selected key agricultural commodities, which include: cotton, cocoa, cassava, oil palm, maize, soya bean, onion, rice, livestock, fisheries, tomato and sorghum.

“Under the agenda, about 3.5 million new jobs were created based on the selected key products, while many more jobs were created from other value chain activities, with over N300 billion of additional income in the hands of Nigerian farmers and rural entrepreneurs. In addition, over N60 billion (US$380 million) was injected into the economy from the substitution of 20% of bread wheat flour with cassava flour.

“Another critical element of Dr Goodluck’s agricultural legacy as President of Nigeria was his ability to cut down on the importation of food that can be produced locally, thereby, saving the nation well over N1.3 trillion per annum on the importation of foodstuff.

“Dr Jonathan was able to demonstrate in Nigeria that agriculture should be treated as a business and supported by relevant policies for the improvement of the livelihoods of our growing farming population.”

READ  EFCC arrests two siblings, 14 others for internet fraud, impounds ten exotic cars

AATF’s boss further said that Dr Jonathan is a Pan-Africanist who had stood for the eradication of rural poverty and the peaceful coexistence of the continent, hence his involvement in peaceful conflict resolution on the continent.

“As AATF’s Ambassador, Dr Jonathan will advocate for the advancement of Africa’s agricultural goals and economic growth through the application of innovative technologies and enhanced investment in agriculture. AATF is honoured to have the former president as our Ambassador, whose role will accelerate ongoing efforts to improve our agricultural terrain.”

Continue Reading

Trending News