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Oil subsidy scam: Femi Otedola exposes Goodluck Jonathan

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True words are not defined by the volume of a man’s voice, but by the consequence of his choices. Ask Femi Otedola. The billionaire magnate would never use gilded words to masque deceit neither does he brandish fickle principles and statistics to conclude with a false truth. Unlike many a rabble-rouser, who flashes documents to lock down evidence but never real facts to back their proof, Otedola has revealed the depth of decadence and negligence that aided and abetted corruption in the oil sector during ex-President, Goodluck Jonathan’s regime.

But he to achieve his aim, he did not spin tales out of thin air, neither did he attempt to cut through decency like a butcher’s knife; amid the clamour for better management of the nation’s oil sector, Otedola recently testified before an Abuja High Court Judge, laying the facts bare, about the massive corruption that afflicted the oil sector in the immediate past administration.

He revealed, among other things, how he painstakingly rebuffed overtures by the elements that be to bully and extort him. The Forte Oil boss alleged that he was the one that alerted former president Goodluck Jonathan to the fuel subsidy scam in 2010, even though he was later blackmailed by the house of reps committee that probed the fraud, he was saying the gospel truth, according to esteemed sources privy to the incident.

Otedola, while testifying at the Abuja High Court on Wednesday, as a prosecution witness in the criminal case against Farouk Lawan, who chaired the house probe committee, by the federal government stated that: “In 2010, being the chairman of African Petroleum Ltd and also the CEO of Zenon Oil and Gas Ltd, I realised that companies in Nigeria were claiming money for subsidy on petroleum products they never imported. When I saw how much was being stolen, I went to the then President, Dr Goodluck Jonathan. I told him my observations. He told me later that he had consulted with the Minister of Petroleum and that there was nothing of such.

“I then reached out to Senator Bukola Saraki who raised the issue on the floor of the senate and thereafter, the house of reps set up the panel to investigate the allegation. The defendant reached out to me and I gave him the background information as to how the monies were being stolen. I gave relevant information to the ad hoc committee. I have two companies which are in the oil and gas industry which are AP and Zenon oil.”

Otedola, who owns Zenon Oil and Gas Ltd and Forte Oil (formerly called AP), told the court that when he informed Jonathan that many companies were collecting subsidy payments without importing any product, the president did not believe him.

The billionaire magnate alleged that the two companies had something to do with the defendant’s panel. “AP submitted to the committee documents regarding all the importations of the company. Mr Otaru, general manager AP, had direct contact with the defendant’s committee…On 18th of April, 2012, the defendant came to see me at my house in Abuja after the report of the committee had been laid before the house of reps in plenary.

“He told me that pursuant to what we discussed on phone while I was in the UK, he told me that he was going to indict Zenon Oil and Gas Ltd. He demanded for the sum of $3m USD to exonerate Zenon Oil. I said to him that why will he indict a company that does not import petrol but diesel. He said most of the companies indicted have paid bribe. I told him this is extortion.

“I was in Nigeria when the report was laid before the house of reps. I saw it on the television, NTA on the 18th of April 2012 and I saw that my company was listed as one of the companies involved in subsidy scam. I wrote a petition to the DG DSS to complain. When the report was laid, I was shocked and I had several calls from my international partners and my bankers.”

Otedola disclosed, that, it was after his petition to the DSS that a sting operation was set up against Lawan.

“After my petition to the DG DSS, I received a call from the DSS official, one Mr Caleb ,who told me that they were going to carry out a sting operation. He told me that I would be provided with serialised USD to give to the defendant and they were going to install video recording gadgets in my living and dining rooms. About six operatives of the DSS did the installation.

“I was given 620,000 USD serialised dollars. After the report was laid on the floor of the House of Reps, the defendant called me that if I made $3million USD available, he would exonerate my company. I said to him that this is unfair to a country that has lost about the sum of N1trn to subsidy scam. I took the instruction of the DSS and I agreed to play along,” he said.

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INVESTIGATION

Ecobank Nigeria partners Lagos govt to clean up waterfronts

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Ecobank Nigeria is partnering with Lagos State Ministry of Environment on Waterfront Clean Up Program to enhance the preservation of marine Ecosystem and effectively facilitate socio-economic activities such as transportation, power generation, irrigation and habitat to aquatic life.

The exercise, tagged “Cleaner Waterfront Our Pride”,  was flagged off on Thursday at the Lagos State Government, Ferry Jetty, Amuwo-Odofin.
In his comment, Engr. Joe Igbokwe,  Special Adviser to the Governor of Lagos State on Drainage and Water Resources, said the project was dedicated to cleaning Lagos waterfronts and educating people on ways of disposing plastic waste properly rather than dumping them into the gutter and how to preserve the Ecosystem in general.

Igbokwe who profusely commended Ecobank for its continual support on environmental sustainability issues noted that each and every one of the citizens and corporate bodies are stakeholders and must be involved in helping to preserve the environment, as it is a call to action for all.

Also speaking, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the partnership to clear up Lagos waterfronts is part of the Pan African bank’s Corporate Social Responsibility (CSR) policy to support environmental sustainability initiatives with a view to making the environment safer for living.

According to him, the partnership with Lagos State Government and other non- governmental organisations across the continent was in that direction.
He noted that the water bodies are priceless gifts of nature with huge aesthetic, tourism and economic values.

He lamented that these, however, had been subjected to all forms of abuse and degradation, including dumping and littering with solid wastes and all forms of debris.

The Managing Director who was represented by Tunde Dawodu, a General Manager in the bank, pointed out that there should be a culture change on the way we dispose of our garbage.
This he noted starts with every one of us. He noted that it was in recognition of this fact, that  Ecobank in May this year launched a campaign tagged: ‘Plastic Bottle for Cash’ to pick up four million bottles from Lagos drainages.

Under the initiative, Lagos residents were informed and encouraged to exchange plastic bottles for cash at designated locations across the State.
Of the 4 million target set, over two million used plastic bottles have so far been removed from the streets as the project continues to the end of the year.

According to him, “this initiative is part of our sustainability week for 2019, designed to create awareness on environmental sustainability and to buttress the fact that as a bank, we take time in helping to protect the environment where we operate. Ecobank is an environmentally friendly and socially responsible entity in alignment with the expectation of the Nigeria Sustainability Banking Policy of Central Bank of Nigeria.”

He noted that the 2019 campaign centered on cleaning Lagos and its environs of used plastic bottles along streets, drainages and waterways by collecting and recycling four million plastic bottles. “We hope to reduce this menace affecting our ocean marine life and threatening the food chain. As a responsible corporate organization, the bank will do all it takes to check the trend to ensure a safer living environment for every one of us”.

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Air Peace CEO, Allen Onyema risks jail over money laundering, bank fraud

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Air Peace CEO, Allen Onyema risks jail over money laundering, bank fraud

Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, a Nigerian airline, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes.

The Nigerian businessman was accused of moving more than $20 million from Nigeria through US bank accounts in a scheme involving “false documents” based on the purchase of airplanes.

Onyema was indicted alongside Ejiroghene Eghagha, the airline’s chief of administration and finance, who is said to have committed aggravated identity theft in connection with the scheme.

In a statement issued by the district attorney’s office on Friday, Onyema and Eghagha were indicted on November 19, 2019, on one count of conspiracy to commit bank fraud, three counts of bank fraud, one count of conspiracy to commit credit application fraud, and three counts of credit application fraud.

“Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” Byung J, US attorney for the northern district of Georgia, was quoted in the statement.

“We will diligently protect the integrity our banking system from being corrupted by criminals, even when they disguise themselves in a cloak of international business.”

Robert J. Murphy, the special agent in charge of the Drug Enforcement Administration (DEA) Atlanta field division, also said: “Allen Onyema’s status as a wealthy businessman turned out to be a fraud. He corrupted the U.S. banking system, but his trail of deceit and trickery came to a skidding halt.”

Robert Hammer, another special agent, accused Onyema of setting up “various innocent sounding multi-million dollar asset purchases which were nothing more than alleged fronts for his scam”.

Onyema was said to have started travelling frequently to Atlanta, where he opened several personal and business bank accounts. Between 2010 and 2018, over $44.9 million was allegedly transferred into his Atlanta-based accounts from foreign sources.

After he founded Air Peace in 2013, Onyema was said to have gone to the US to purchase aircraft and “over $3 million of the funds used to purchase the aircraft allegedly came from bank accounts for Foundation for Ethnic Harmony, International Center for Non-Violence and Peace Development, All-Time Peace Media Communications Limited, and Every Child Limited.

“Beginning in approximately May 2016, Onyema, together with Eghagha, allegedly used a series of export letters of credit to cause banks to transfer more than $20 million into Atlanta-based bank accounts controlled by Onyema.  The letters of credit were purportedly to fund the purchase of five separate Boeing 737 passenger planes by Air Peace. The letters were supported by documents such as purchase agreements, bills of sale, and appraisals proving that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia.

“However, the supporting documents were fake — Springfield Aviation Company LLC, which is owned by Onyema and managed by a person with no connection to the aviation business, never owned the aircraft, and the company that allegedly drafted the appraisals did not exist.  Eghagha allegedly participated in this scheme as well, directing the Springfield Aviation manager to sign and send false documents to banks and even using the manager’s identity to further the fraud. After Onyema received the money in the United States, he allegedly laundered over $16 million of the proceeds of the fraud by transferring it to other accounts.”

The statement, however, added that Onyema and Eghagha are presumed innocent of the charges and it will be the government’s burden to prove the guilt beyond a reasonable doubt at trial.

In September, Onyema was hailed by many for evacuating Nigerians stranded in South Africa at no cost. The house of representatives had subsequently also recommend him for national award.

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Controversy trails emergence of Prof. Lilian Salami as UNIBEN new VC

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Professor Salami

The appointment of a substantive Vice Chancellor for University of Benin, UNIBEN is presently causing ripples at the institution as some concerned stakeholders have accused the management of allegedly working to impose an unpopular candidate on the school.

THE WITNESS reliably gathered that a Professor of Home Economics/Nutritional Education, Mrs. Lilian Imuetinyan Salami has emerged as the second female Vice Chancellor of the institution.

Her appointment came 28 years after Prof. (Mrs.) Alele William left as the first female Vice Chancellor of UNIBEN.

The Public Relations Officer of the University, Mr. Michael Osasuyi, confirmed the appointment in a statement on Friday in Benin.

She will take over from the outgoing Vice Chancellor, Prof. Faraday Osasere Orumwense, whose tenure ends in November.

Inside sources however revealed that the emergence of Professor Salami is a big shock, as she becomes the third person of Benin extraction in succession, to be named Vice Chancellor of the University.

Sources further disclosed that the new UNIBEN VC came second in the exam conducted for aspirants for the exalted position, after Prof. MacDonald Idu who scored the highest marks, while Prof. George Eriyamremu came third.

Professors​ Idu and Eremayanru are both from Delta State.

Born in Jos, Plateau State on August 8, 1956, Prof. Salami, (nee Emovon), hails from Benin.

Her early schooling started in Jos but was truncated by the Nigerian Civil War. She later completed her primary and secondary education in Edo State.

She obtained her West African School Certificate (O’ levels) from Baptist High School, Benin City.

She proceeded to the University of Wisconsin, Stevens Point Campus, United States of America, in 1975. She had her summer schooling in the University of Minnesota, St. Paul. She later transferred to North Dakota State University, Fargo after she got married in 1977, where she obtained her Bachelor of Science degree in 1979 in Home Economics and Master’s degree in Nutrition in 1982.

She returned to Nigeria in 1983 and enrolled to serve in the National Youth Service Corps in Benin City.

Upon completion of the national service, she made a brief start of her teaching career with the then University of Ife (now Obafemi Awolowo University).

Between 1985 and 1994, she lectured Nutrition at the University of Maiduguri, Borno State, Nigeria.

This was interjected when she gained admission into University of Nigeria, Nsukka for a doctoral degree in Human Nutrition in 1989 which she obtained in 1991.

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