December 25 2023

HYPOCRISY! EFCC indicts 4 Buhari’s Minister over N187bn fraud, one to spend Xmas in custody

Former president Muhammad Buhari under fire as 4 of his Ministers are now under investigation by Economic and Financial Crime Commission (EFCC), one of them to spend Xmas Christmas in custody

The former President Muhammad Buhari is under fire as ongoing investigations by the Economic and Financial Crime Commission (EFCC) have already indicted four of his Minister over N187 billion fraud, casting dark cloud on the much-talked integrity of his administration.

The Mail reported that EFCC was trailing one Mr James Okwete, a contractor, who operated 143 different bank accounts and who fraudulently received over N37 billion from Ministry of Humanitarian Affairs, Disaster Management, and Social Development under Sadiya Umar-Farouk, Buhari’s Minister.

Read Also: HYPOCRISY! EFCC finally dares Buhari, traces first N37bn fraud to him

Mr Okwete has been finally arrested and would spend Christmas in EFCC custody, an insider source from the anti-graft agency confirmed to Punch.

“The contractor involved in the N37.1bn fraud has been arrested and would spend Christmas in our custody. He has given some names, and the former humanitarian affairs minister and directors-general in the ministry were linked to the fraud,” it said.

“It is not only Umar-Farouk we are investigating. Three other former ministers are also under probe. They were allegedly involved in graft to the tune of N150bn,’’ a credible source in the EFCC confided in our correspondent on Sunday,” another source said, added that former agencies’ directors-general are expected to go down as the probe progresses.

Read Also: “Emefiele should be killed by firing squad if not that Nigeria is ‘good country,’” – Tinubu’s Aide

Buhari was swept to victory in 2015 mainly for his success in deceiving voters that he would have “zero-tolerance for corruption.” And all the while he was in power, had kept maintaining that his administration was as clean as a whistle.

The ongoing probe is not just a national scandal, but it is also a huge embarrassment to the former President, the so-called man of integrity who hounded countless men and women to abyss with his anti-corruption mantra.

December 24 2023

HYPOCRISY! EFCC finally dares Buhari, traces first N37bn fraud to him

Economic and Financial Crime Commission, EFCC, dares to probe a Minister under former President Muhammad Buhari to expose his hypocrisy

The hypocrisy of self-righteous former President Muhammad Buhari is being exposed as the Economic and Financial Crime Commission (EFCC) now dared to launch investigation, the first of its kind, into his regime.

Read Also: Emefiele operated 593 illegal accounts in US, UK and China – Special Investigator

Punch reported that the anti-graft agency has traced whooping sum of N37,170,855,753.44 laundered in the Ministry of Humanitarian Affairs under former minister Sadiya Umar-Farouk.

The money was transferred directly from the Federal Government treasury to 38 different bank accounts domicile in five commercial banks connected to a contractor named James Okwete.

Upon receiving the money, EFCC account continues, Okwete transferred over N6.7 billion to Bureau De Change Operators for obvious intent to save the money in hard currencies.

He then withdrew N5.4 billion in cash with which he bought luxury cars worth N288,348,600.00 with luxury houses in Enugu and Abuja worth N2,195,115,000.00.

EFCC also traced 53 companies linked to Okwete who used 47 of them to lift Federal Government contracts worth over N27.4 billion. He has 143 different bank account numbers.

Of the 53 companies, the contractor is the director in 11, and the remaining 42 are linked to his Bank Verification Number as a signatory to the accounts, EFCC reported.

Read Also: “Emefiele should be killed by firing squad if not that Nigeria is ‘good country,’” – Tinubu’s Aide

“The monies were sent to 38 bank accounts domiciled in five legacy commercial banks. The suspect transferred N6,746,034,000.00 to Bureau De Change Operators, N540,000,000.00 withdrawn in cash, N288,348,600.00 used to purchase cars, and used N2,195,115,000.00 to purchase choice properties within Abuja and Enugu State.

“Fifty-three companies were traced to the suspect. He used 47 of the companies to lift Federal Government contracts amounting to N27,423,824,339.86. Okwete is associated with 143 bank accounts in 12 commercial banks in which 134 of the 143 accounts are corporate accounts linked to different companies,” EFCC said.

Federal Ministry of Humanitarian Affairs is presently serving as parent ministry to eight agencies, including National Commission for Refugees, Migrants, and Internationally Displaced Persons.

Umar-Farouq, the youngest in Buhari’s cabinet, was the pioneer Minister of Humanitarian Affairs, Disaster Management and Social Development, appointed in 2019.

Former President Muhammad Buhari was swept to power in 2015 mainly due to his anti-corruption appeal and, throughout his stay in power, he claimed that his administration waged unprecedented war against crime and corruption in the country.