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$19.4m Legal Fees: Stakeholders, CSOs ask Tinubu to order the probe of  SEPLAT CEO, Board

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The Independent Shareholders
Association of Nigeria (ISAN) and a human rights and good governance advocacy group under the aegis of Make A Difference Initiative (MADI) have urged President Bola Tinubu to direct relevant agencies to investigate the perpetual breach of corporate governance codes by SEPLAT CEO.

Allegations of racism, favouritism of foreign workers against Nigerian employees have earlier been levelled against the CEO of Seplat Energy PLC, Roger Brown, by employees of the company for which MADI had demanded a definite prosecution of Mr. Brown and even the Board of Seplat Energy Plc over connivance and conspiracy to flout the country’s immigration laws. 

Addressing a Press conference in Abuja on Sunday, National Coordinator of ISAN Comrade Moses Igbrude urged President Tinubu to save Seplat and the investments of Nigerians and international investors from going down the drains by directing the Financial Reporting Council of Nigeria (FRC) and Security and Exchange Commission (SEC) to do their jobs by taking disciplinary actions and carrying out a thorough investigation into the perpetual breach of corporate governance codes.

He also demanded “the immediate resignation or removal of SEPLAT CEO, Roger Brown, and Independent Non-Executive Directors to ensure an unimpeded investigation into the rot in Seplat before it is too late”.

“As we speak now, the Corporate Affairs Commission (CAC) does not recognise the resolutions passed during the controversial May 10 AGM, yet they are operating as if everything is normal.

“We also urge the President to institute a probe panel composed of the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and other relevant bodies to investigate the circumstances surrounding the so-called N16bn legal fees and other related matters in Seplat Energy PLC.

“We want to know how much of the senseless N16bn professional legal fees was actually paid to lawyers handling the cases.”

According to Comrade Igbrude, Nigerians and investing public deserve to know who the lawyers are and how much was paid to each lawyer or law firms.

“Did those lawyers in any way serve as conduits for any unholy compromises in the legal tussles that resulted in the questionable court injunctions and vacation of court orders in favour of Seplat? “For instance, the Federal High Court injunction in Suit No. FHC/ABJ/CS/726/2023 was discharged on Motion Ex-parte by the Court of Appeal in less than 48 hours of filling by Seplat without giving the Respondent the opportunity to respond.

“What informed the sudden withdrawal of criminal charges (FHC/AB/CR/149/2023) instituted against Seplat CEO, Roger Brown and the INEDs as well as the restoration of Roger Brown’s visa, work, and resident permit by the Nigerian Immigration Service and Ministry of Interior without any explanation to the public or the endangered Nigerian employees in Seplat whose petition led to the investigation in the first place? 

“Why were such important decisions hurriedly and surreptitiously taken immediately the Minister left office at the end of the previous administration? 

“Equally worthy of investigation is the silence, inaction, and any complicity of the FRCN, SEC, etc. in the face of the serial breaches of the Nigerian Code of Corporate Governance (NCCG) by the Mr Basil Omiyi-led Seplat Board. 

“For instance, Omiyi and Dr. Charles Okeahalam have stayed over 10 years as INEDs on Seplat Board, way beyond the maximum of nine years prescribed by the NCCG to refresh Boards and minimise threats to Board independence. 

“Also, SEC is well aware of the infringements on statutory Audit Committee of Seplat such as Omiyi’s written order directing the Committee not to investigate breach of codes of corporate governance, and the forcing out of the Committee Chairman and a member by a controversial AGM and lawsuit. 

“While the FRCN and CAC have responded to our petitions assuring action and investigation into the matter, SEC, unfortunately, has continued to look the other way.”

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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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