Connect with us


Ex-NNPC boss sneaks out over $1.6b Diezani’s deals



• EFCC seeks former GMD’s whereabouts • 50 oil giant’s workers in N15b mess

Where is the former Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) linked to an alleged $1.6 billion money laundering and oil deals involving former Petroleum Resources Minister Mrs Diezani Alison-Madueke?

The Economic and Financial Crimes Commission (EFCC) is looking for him for interrogation over the matter.

He is believed to have sneaked out of the country since he could not be located in all his Nigerian addresses.

Also, 50 workers of the corporation are undergoing internal probe for an alleged N15billion retail outlets fraud.

NNPC management has sought legal advice on whether to hand them over to the EFCC.

It was learnt that the EFCC has sought NNPC’s help in locating the former GMD for interaction on some aspects of the ongoing probe of Mrs Alison-Madueke.

But, in its response to EFCC’s letter, NNPC said it could not locate its former helmsman.

It was learnt that the former GMD might have gone abroad to rest.

A top source, who spoke in confidence, said: “The former GMD is needed to assist the EFCC in respect of some transactions relating to the tenure of the ex-Minister of Petroleum Resources.

Also Read:  EFCC Denies Raid On Atiku's Son Home

“The NNPC has not been able to locate its former boss who might have gone abroad. His address overseas was yet to be located.

“We are hopeful that the ex-GMD will be honourable enough to make himself available for interaction with our team of investigators.

“Alternatively, we will look for him wherever he is.”

Apart from alleged money laundering of about $1.6billion with some businessmen, the ex-Minister is under probe also for a $115million poll bribery scam and for allegedly owning a property in Abuja worth $18 million.

The National Crime Agency (NCA) in the United Kingdom on October 2, 2015 quizzed Mrs. Alison-Madueke in London for alleged bribery and corruption.

Apart from restricting her movement to London (a Westminster Magistrate’s Court) on Marylebone Road approved the seizure of $41,000 (£27,000) cash from her.

Although she might face trial in the UK, no date has been fixed for her arraignment.

Among the 50 Retail Services Unit officials facing internal investigation are in the unit who have been recalled by NNPC. The others are two hitherto sacked workers and 46 others.

It was learnt that preliminary findings have established that all the 50 workers have a case to answer on the diverted N15billion.


But the management of NNPC is yet to decide on whether to hand them over to the EFCC or subject the fraud to internal disciplinary measures.

It was gathered that a Group General Manager (GGM) has recommended that all those involved should be taken to EFCC for a thorough investigation.

As at press time, the NNPC management was seeking legal advice on how to resolve the case.

A reliable source said: “The N15billion fraud was committed in NNPC retail outlets nationwide and about 50 staff have been implicated so far.

“Going by the NNPC Act, we have to exhaust internal mechanism of investigating the N15billion fraud before inviting EFCC or any anti-graft agency.

“Since we have our checks and audit control unit, we must have gone far in our auditing process in order to be able to hand over our findings to EFCC. All those involved are presently going through internal investigative procedures. We have even recalled two former Managing Directors of the Retail Services Unit who have retired.

“We are also seeking legal advice on how to manage the detection of the N15billion fraud.”

-The Capital

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Richard Quest Visit Management Of Fidelity Bank Plc



CNN Anchor, Richard Quest (left) engaging with Managing Director/CEO, Fidelity Bank, Nnamdi Okonkwo on SME lending and leveraging digital channels to deepen financial inclusion in Nigeria… Monday

CNN Anchor, Richard Quest, paid a courtesy visit on the Management of Fidelity Bank Plc on Monday, February 12.

During the visit, he engaged the team on several issues including SME lending and leveraging digital channels to deepen financial inclusion in Nigeria., presents pictures from the event.


Also Read:  UBA Promises to Put Customers’ Needs First as it Holds 2019 Forum in Lagos
Continue Reading


3,000 Undergraduates Benefit From Fidelity Youth Empowerment Programme




Fidelity Bank Plc, has trained over 3,000 undergraduates from various tertiary institution on skills acquisition through its youth empowerment programme. Nnamdi Okonkwo, the bank’s CEO made this disclosure Friday during the closing ceremony of the Fidelity Youth Empowerment Academy (FYEA) held at the Sokoto State University (SSU) in Sokoto.

“The students were drawn from the 5 institutions that have benefitted from the banks youth empowerment initiative that aims to teach vocational and entrepreneurship skills”, he stated.

Okonkwo who was represented by the Head, Corporate Social Responsibility (CSR) and Sustainability, Fidelity Bank, Mr. Chris Nnakwe called on Nigerian youths to embrace entrepreneurship and create wealth for themselves instead of searching endlessly for non-existing paid jobs.

Organised as part of the bank’s CSR intervention, Nnakwe pointed out that the programme now in its 7th edition seeks to empower the Nigerian undergraduate with skills and enterprise training, which are relevant for self-reliance.

Also Read:  Honour From Above! Buhari Picks Obasa, Others To Serve State Legislature, Judiciary Autonomy Committee

He stated that the bank had organised the programme in various institutions of higher learning including the University of Nigeria, Nsukka; Waziri Umar Federal Polytechnic, Birnin-Kebbi; Federal Polytechnic Oko, Anambra State; Rivers State University of Science and Technology, Port Harcourt; Bayero University, Kano and Nnamdi Azikiwe University, Awka.

For the Sokoto edition, Nnakwe stated the bank has expanded the scope of the programme in a bid to accommodate new areas of vocational training. Apart from the typical training on tailoring and make-up, he noted that participants were also provided with requisite skills and first-hand knowledge in Fashion Designing, Cloth Embellishment, Cocktail and Phone Engineering among others. “We in Fidelity Bank have targeted programmes on education, environment and youth empowerment. This one you are witnessing today is part of fulfilling our promises to the society,” Nnakwe said.

According to him, the youths were trained to acquire skills to enable them to become self-reliant and also make them employers of labours even while in school. He disclosed that at the end of the training, starter packs would be given to each participant to enable him or her to commence business.

Also Read:  Harrysong Escapes Death

Speaking earlier at the opening ceremony, the Governor of Sokoto State Aminu Tambuwal, thanked Fidelity Bank for choosing the school for the programme. Tambuwal, stressed that as a responsible government his administration has prioritised the welfare of the youths in the state. He enjoined the participants to stay focused and concentrate in order to benefit from the training.

In the same vein, the Vice Chancellor, Sokoto State University, Prof. Sani Dangogo, thanked Fidelity Bank for the gesture, saying the training would go a long way in alleviating the financial burden of the students.

Continue Reading


2020 GTBank Lagos Polo Leighton Kings are Majek champions NRT, RCF win Low, Governor’s Cups



The 2020 GTBank Lagos International Polo Tournament ended on a flourishing note Sunday with Lagos Leighton Kings clinching the prestigious Majekodunmi Cup 10-5 at the expense of Lintex Agad.
NRT also clinched the Low Cup while RCF win the Governor’s Cup.
Speaker of the House of Representatives Hon. Femi Gbajabiamila, Lagos State Governor Babajide Sanwoolu, his Deputy, Obafemi Hamzat, Governor Dapo Abiodun of Ogun State, Kwara state governor, Abdulrahman Abdulrazaq; Alhaji Aliko Dangote and MD/CEO GTBank,  Mr Segun Agbaje led the large roll call of dignitaries for a colourful ending to a memorable tournament which featured an unprecedented 39 teams.
The Kings, which had Bowale Jolaosho, Bello Buba, Raul Laplacette and Manuel Crespo, were aiming for an unprecedented four title wins having won the Oba of Lagos Cup, Open Cup, Italian Ambassador’s Cup but were pushed all through in the opening and second chukkas by Agad which paraded Sodiq Dantata, Bashir Dantata, Chris McKenzie and Thomas Lorente.
The Kings’ superiority eventually came to fore in from the third all through the end of the six-chukka match as they coasted to victory with five clear goals.
In the  Low Cup final, which was the penultimate match of the dual-phase tournament, Timi Badiru scored a high – goal with less than two minutes to play as NRT survived a late surge by STL for a 9 ½ – 8 triumph over their fellow Lagos side.
Englishman Dorian Bulteau – playing for the first time in Arfica – was pivotal to the priceless win scoring a handful of the goals for the team who also featured Tomi Ojora and Yasin Amusan.
The Governor’s Cup went the way of Lagos RCF A+ with Argentine five-goaler Andre Crespo leading the home team’s resurgence.
Nasariya were leading 4-1 as at the tail end of the penultimate third chukka but four straight goals by RCF three of which came off the mallet of the South American and one from Mohammed Dangote completed a remarkable turnaround.
Herein below is the caption to the picture attached-
L-R Speaker,  House of Representatives, Federal Republic of Nigeria,Hon. Femi Gbajabiamila; Governor,  Lagos State, Mr. Babajide Sanwo-olu; Governor,  Ogun State,Mr. Dapo Abiodun and Executive Director,  Gtbank,  Mr. Hassan Musa during the presentation of the trophy at the Final of the Majekodunmi Polo Tournament sponsored by Gtbank in Lagos, at the weekend.
Also Read:  Report on Ayeni's detention untrue - Media Aide
Continue Reading



Copyright © 2019, February13 Media