Senator Peter Nwaoboshi is in hot soup as the Special Presidential Investigation Panel for the Recovery of Public Property has referred him to the Director of Public Prosecution of the Federal Ministry of Justice, Etsu Umar, for prosecution.
In its letter signed on behalf of the chairman of the panel, Okoi Obono-Obla, by Dr. Celsus Ukpong, urged the DPP to prosecute the senator on charges bordering on his failure to declare his assets before the panel in violation of section 3(i)(a) of the Recovery of Public Property (Special Provisions) Act 2004.
The letter stated that the violation was punishable by the same provision of the Act.
It stated that it had forwarded draft charges to the DPP.
Accompanying the letter dated June 7, 2019, and received by the DPP office on June 10, 2019, were documents contained in the case file forwarded to the Ministry of Justice.
The letter read, “I am directed to you above-named case file for further action.
“The above suspect is under investigation before us for possession of suspicious assets far and beyond his legitimate earnings.
“He has refused to declare his assets before the panel after lawful demand by the special presidential investigation panel.
“This refusal is contrary to and punishable under section 3(i)(a) of the Recovery of Public Property (Special Provisions) Act 2004. It shall be appreciated if a charge is brought against him for his offence pending the conclusion of the investigation.”
Controversy trails emergence of Prof. Lilian Salami as UNIBEN new VC
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.
OPS responsible for rising pension fund – PenCom
The acting Director-General of the National Pension Commission, Aisha Dahir-Umar, says the total pension assets in Nigeria rose from N7.44tn in January to over N9tn as of March.
Dahir-Umar attributed the boost in the pension assets to the support of the organised private sector and labour.
The Pencom DG, who was represented by Salihu Bwala, made the disclosure on Thursday in Port Harcourt, Rivers State, during the Nigeria Employers’ Consultative Association and Pencom interactive session on current developments and challenges in the implementation of the Pension Reform Act, 2014.
She said, “The pension industry is one of the fastest growing industries in the country with the support of the organised private sector and labour.
“The Contributory PensionScheme plan currently has over N9tr pension assets. This feat could not have been achieved without the support of the organised private sector.”
She explained that the commission had developed a software application that tackled the problem of multiple registrations and urged employers to encourage their employees to avail themselves to their respective pension administrators for data recapture and regularisation.
– Source: PUNCH
Wema Bank, Dana Airline in alleged money laundering scandal
One of the nation’s topflight banking institutions, Wema Bank and Dana Air, owners of Sri Sai Vandana Foundation, a Non-Governmental Organisation (NGO) have been fingered in a money laundering crime and may be prosecuted by the anti-graft agency.
According to a source, the airline’s inflight donation collected between 2014 and 2018 without following due process is the bane of contention.
“The EFCC will take it up. We will investigate and prosecute the crime element once prima facie is established,” the acting spokesperson of the Economic and Financial Crimes Commission (EFCC), Tony Orilade said.
Dana started Nigeria’s Sri Sai Vandana Foundation in 1995 and commenced the inflight donation in partnership with the Sickle Cell Foundation of Nigeria. But after the airline suffered a major crash in Lagos in 2012 in which 153 persons died, it ceased the collaboration, ‘re-strategised’, and solely ran the inflight donations.
Reports also reveal how Dana through Sri Sai Vandana Foundation, got the inflight donations between January 2014 and October 2018, raking in millions of naira deposited into the Wema Bank account number 0121291839 without due registration with the Corporate Affairs Commission (CAC), a prerequisite for complying with the Special Control Unit against Money Laundering (SCUML) regulations.
The EFCC official stated that the company will be sanctioned and that when there is a vacuum that is when we will lift the veil.
He further explained that by ‘lifting the veil’ he simply means “The company cannot run without humans. So, it is when everyone denies being members of the company that we go after the individuals.”
In line with the Money Laundering Prohibition Act, it is mandatory every Designated Non – Financial Institution, DNFI, to register with SCUML in order to legally operate in Nigeria.
Contravening the SCUML guidelines have some specific penalties, including “suspension or revocation of license, fines or imprisonment or both,” according to Sections 15 to 17 of the Money Laundering (Prohibition) Act 2011 (as amended).
It stipulates a maximum of 14 years jail term for an individual but, in the case of a corporate organisation, the law says such organisation would pay “a fine of not less than 100 percent of the funds and properties acquired as a result of the offense committed” and would also have its license withdrawn.
Precisely, the law defines the unlawful act listed in subsection (2) of the Act to include “corruption, bribery, fraud, counterfeiting, and piracy of products…or any other criminal act specified in this Act or any other law in Nigeria.”
As such, Wema Bank officials involved in Dana’s account opening process may as well be prosecuted by the anti-graft agency, as soon as SCUML forwards its findings to the EFCC.
THE NEWS2 days ago
BREAKING: Kogi guber 2019: Armed masked men allegedly attack Gov. Makinde’s hotel in Lokoja
THE NEWS2 days ago
BREAKING: Bayelsa APC gov candidate qualified for guber election, Appeal Court rules
THE NEWS1 day ago
Kogi Decides: Thugs snatch 8 ballot boxes, INEC official kidnapped, 2 shot
THE NATION2 days ago
WAEC releases Nov/Dec 2019 examination result, withholds 9,457
THE NEWS2 days ago
2019 budget was padded with N12.4bn, says ICPC
THE NEWS2 days ago
NNPC secures $1.16m US grant for 1,350MW Abuja Power plant
BUSINESS2 days ago
Unity Bank partners Avant-Garde for the 2019 sustainability table discourse series
OPINION1 day ago
Money Politics: Nigeria’s delicate delicacy, By Abiodun Komolafe