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DSS quizzes Embattled CBN gov, Emefiele, 10 board members, others over forex

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The embattled Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, the other 10 members of the apex bank’s Board of Directors, including the four deputy governors and six non-Executive Directors as well as Chief Executive Officers/Managing Directors of 27 commercial banks in the country, were at the weekend summoned by the Department of State Services.

They are all expected to appear before the DSS today (Monday) to answer further questions on forex allocations from 2017 to date.

Emefiele, as the Chairman of the apex bank’s Board of Directors, is to lead other members of the Board to the DSS headquarters in Abuja today.

The CBN Board of Directors is statutorily empowered to deliberate and approve forex allocations based on requests, before disbursement.

However, DSS’ investigated of the forex allocations, it was gathered was necessitated by the shocking discovery that forex allocations meant for particularly people in business and investments were not getting to those who really needed and applied for it, rather it had been ending up in the pockets of few privileged, influential and highly placed individuals, including Presidency officials and their acolytes.

It was gathered that preliminary report on forex allocations in the past six years under Emefiele as CBN Gov “is very shocking,” and according to a reliable source, “Nigerians as well as the international community will be surprised at what has been discovered.”

However, it was gathered that the CBN Gov may not honour the DSS invitation and may not visit the secret police headquarters along with the other directors of the apex bank and the commercial bank CEOs today.

Recall that last Wednesday, Emefiele, through a Civil Society Organisation, Forum for Accountability and Good Leadership, obtained a nocturnal fresh court injunction from a Federal Capital Territory High Court restraining the DSS from questioning and obtaining any information from CBN officials and the CEOs of the 27 commercial banks regarding Foreign Exchange allocations from 2017 to date. First News obtained a copy of the court order granted by the Presiding Judge, Justice SB Belgore, who adjourned hearing of the motion on notice on the matter till January 25.

The embattled CBN Gov’s major reason for rushing to court at night last Wednesday, First News learnt, was to stop the commercial banks from releasing the details about forex allocations to the DSS.

But unknown to him, the DSS had, before the court granted the order, questioned and obtained documentary evidence from his deputies at CBN as well as from the 27 bank CEOs on forex allocations in the past six years, as several of the banks had also fully complied with the DSS’ request before the Wednesday night injunction was granted by Justice Belgore.

Following his discovery that most of the commercial banks had complied with the DSS’ request on information concerning the matter, apprehensive Emefiele summoned the banks’ MDs to Abuja for a “crucial meeting” last Saturday, where he “strategised” with them on how to deal with today’s invitation by the secret police.

At the Abuja meeting, First News reliably learnt, it was resolved that the remaining commercial banks that had yet to comply with the DSS’ request for information on forex allocations should “doctor their reports.”

It was further learnt from reliable sources that at today’s meeting with the DSS, the CBN officials and bank CEOs are to shed more light on the approvals of forex allocations to beneficiaries from 2017 to date.

They are also to submit the list of individuals and corporate organisations that have benefitted from the forex allocations so far.

The bank CEOs, it was further gathered, are also to supply the DSS a schedule of the investors and export window foreign exchange allocated to their individual banks from 2017 to date.

The commercial banks are to break the schedule into the amount of forex allocations given to them, list the name of the individual customer/or beneficiary and their purpose/criteria for getting the allocation.

They are also to supply the DSS the name of the authorised persons who allocated the forex and confirm whether it’s the CBN or the commercial banks themselves.

The commercial banks are also to give the secret police summary of the top 50 customers allocated the highest amount of forex and their order of importance.

Recall that the DSS had recently accused Emefiele of allegedly aiding and abetting terrorism, insisting that the CBN Gov must be prosecuted for the alleged crimes.

According to the secret police, preliminary investigations revealed Emefiele’s involvement in various acts of terrorism financing, fraudulent activities and economic crimes of national security dimension.

But the embattled CBN boss has continued to employ all means to escape arrest and interrogation by the DSS.

He recently delayed his return to Nigeria after a trip abroad. He was also said to have engaged some close associates of President Buhari to help him prevail on the DSS to let him off the hook.
The CBN governor is also alleged to have been employing propaganda through organised public protests and demonstrations by CSOs, all in a bid to stop his investigations by the DSS.

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Information Ministry takes Economic Enlightenment Campaign to Jigawa

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Muhammed Idris

To educate citizens on the economic interventions under President Bola Ahmed Tinubu’s administration, the Federal Ministry of Information and National Orientation has commenced a public awareness campaign in Jigawa State.
The ministry urged the public, especially the youth, to take advantage of the opportunities for self-reliance, with the initiative highlighting various job creation and poverty alleviation programs.
The Minister of Information and National Orientation, Mr. Mohammed Idris, represented by Mala Bashir Dahiru Galadanci, Head of the Federal Information Center in Dutse, highlighted the government’s “Renewed Hope” initiatives.
He emphasized that the interventions were designed to change the narratives in the economic wellbeing of Nigerians and provide job and skill opportunities, particularly for the youth, to encourage self-reliance and entrepreneurship.

According to Mr. Galadanci, the administration is committed to addressing poverty and unemployment by introducing accessible programs that benefit citizens at the federal, state, and local levels. He called on the people of Jigawa State to explore these opportunities and support government efforts in transforming the country’s economy.

Jigawa State Director of the National Orientation Agency (NOA), Mr. Ahmad Tijjani, also called for public support of the government’s policies. He acknowledged that while some recent policy changes have impacted citizens’ living standards, these new interventions are a proactive step toward alleviating poverty and economic hardship.

In a presentation, Professor Ali Siro of the Sociology Department at the Federal University Dutse detailed various federal interventions, including the Student Loan Program, Consumer Credit Corporation, Compressed Natural Gas Initiative, National Youth Talent Export Program, National Housing Initiative, and several small business loan schemes.
He explained the eligibility criteria, repayment terms, and benefits of the initiatives to encourage public participation.

In his goodwill message, the Emir of Dutse, Hamim Nuhu Sanusi, commended the federal government for introducing multiple economic interventions to cushion the impact of new policies.
Represented by Senior Counsellor Alhaji Mustapha Aminu, the Emir suggested a review of civil service rules, urging the government to adjust workers’ salaries and make loan terms more flexible to prevent financial strain on the workforce.

This campaign marked the beginning of a nationwide effort to educate citizens on government interventions aimed at creating socio-economic opportunities and improving the overall welfare of Nigerians.

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EFCC declares that Bello is not in its custody, amidst speculation of his arrest by the agency

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***Bello leaves EFCC without interogation

The Economic ane Financial ctimes Commisaion has discredited reports that the immediate past Governor of Kogi State Yahaya Bello is in its custody .
Head, Media and Publicity of the anti graft agency, Dele Oyewale in a terse statement on Wednesday indicated that Media reports earlier in the day that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC, is incorrect. “The Commission wishes to state that Bello is not in its custody. Bello, already declared wanted by the Commission for alleged N80.2billion money laundering charges, remains wanted with a subsisting warrant for his arrest.
Bello’s media team had sent out a statement earlier indicating that the former Kogi State Governor Yahaya Bello had turned himself in to
honor the Economic and Financial Crimes Commission (EFCC) invitation, following allegations of corruption and fraudulent activities during his tenure.
Their statement confirmed that the former Governor appeared before the EFCC after consulting with his family, legal team, and political allies.
In another twist, indications emerged that Bello, who had initially claimed to have voluntarily honoured the commission’s invitation, was trailed and arrested by EFCC operatives in Lokoja at midnight.

In yet another twist, Bello’s Director of Media, Ohiare Michael said, “Earlier today, we reported the voluntary visit of former Governor of Kogi State, HE Alh. Yahaya Bello to the Economic and Financial Crimes Commission office to honour the Commission’s invitation.
“In the statement, we reiterated the former Governor’s great respect for the rule of law and constituted authority, and stressed that, all the while, he only sought the enforcement of his fundamental rights in order to ensure due process.
“The EFCC did not, however, interrogate him as officials told him he could leave. We don’t know what this means yet. As we write, HE Alhaji Yahaya Bello has left the EFCC office. He was accompanied there by the Governor of Kogi State, HE Alhaji Ahmed Usman Ododo.
“Recall that the case has been before a competent court of jurisdiction, and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing. The former Governor decided to honour the invitation to clear his name as he has nothing to hide and nothing to fear. “

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At last, Yahaya Bello honors EFCC invitation

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Yahaya Bello

Former Kogi State Governor Yahaya Bello has honored the Economic and Financial Crimes Commission (EFCC) invitation, following allegations of corruption and fraudulent activities during his tenure.
Bello’s media team in a statement confirmed that he appeared before the EFCC after consulting with his family, legal team, and political allies.
The former governor had been declared wanted by the EFCC over alleged money laundering and corrupt enrichment amounting to N80.2 billion.

The statement reads: “The former Governor, who has great respect for the rule of law and constituted authority, had, all the while, only sought the enforcement of his fundamental rights in order to ensure due process.

“The case has been before a competent court of jurisdiction, and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing. It is important for the former Governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.

“The former Governor believes firmly in the efforts of the administration of President Bola Ahmed Tinubu to place Nigeria on the path of sustainable economic development; and supports the fight against corruption in the country.

“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the State work for the people of the State.

“He was accompanied to the EFCC Headquarters by high profile Nigerians.

“It is our hope that the Commission will be as professional as necessary and respect his fundamental rights as a citizen of the Federal Republic of Nigeria.

“Details of his engagement with the operatives of the Anti-Graft Agency will be disclosed later.”

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