Business

EXPOSED!! How Jonathan govt. trickishly carted away N67.2bn cash from CBN

Published

11 years ago

September 21, 2015

Former President Goodluck Jonathan authorised the withdrawal of a whopping N67.2 billion in cash money from the Central Bank of Nigeria between November 2014 and February 2015 for “special services,” according to a report by PREMIUM TIMES

The two cash withdrawals were made in the build up to the 2015 general elections.

Our sources said even more ‘curious’ large withdrawals were made from the bank during the period but we were unable to obtain documents to authenticate the claims.

But highly classified documents obtained by this newspaper, Friday, showed that at least N67.2 billion were withdrawn in cash from the banks in two tranches.

Insiders at the CBN said the huge cash were carted away in bullion vans.

One of the withdrawals was made through a memo which originated from the office of the former National Security Adviser, Sambo Dasuki, allegedly based on Mr. Jonathan’s instruction.

The second memo was generated by the National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC.

NAPIMS is in charge of the Federal Government’s investments in the petroleum industry.

The first memo, dated November 2014, contained a request for the withdrawal of $47 million cash out of N10 billion earmarked for release for an unbudgeted “special services”.

In the memo with reference number: NSA/366/S and titled: “Request for Funds for Special Services,” an official from Mr. Dasuki’s office had drawn the CBN governor’s attention to a previous discussion and requested the release of the said funds by the bank.

The balance from the N10 billion, the memo directed, was to be paid out in Euro, while a certain Director of Finance and Administration with the name S.A Salisu, was authorised to sign and receive the haul of U.S dollars and Euro in cash, on behalf of the NSA’s office.

“Further to our discussion, you are pleased requested to provide the sum of forty seven million United States Dollars (USD47, 000,000.00) cash out of the Ten Billion Naira (N10, 000,000,000.00) and the balance in Euro to this office for special services,” the memo read in part.

“Mr. S. A. Salisu, director finance and administration is, hereby authorised to sign and collect the amount. Please accept, Your Excellency, the assurances of my highest esteem,” the memo said.

It remains unknown what the “special services”, for which the funds were removed, are.

Our sources claim they were spent on “electioneering-related” matters. But that could not be independently verified Saturday.

The second memo, raised by NAPIMS, and dated February 25, 2015 conveyed an instruction to the director, Banking and Payment System Department of the CBN to urgently pay in cash, the sum of $289,202,382 (N57.2 billion) to the National Intelligence Agency, NIA.

“Upon receipt of this mandate, please pay urgently the under-listed beneficiary the cash amount indicated,” the memo said.

“Please debit CBN/JVCC Foreign Account No. 000000011658360 with the JP Morgan Chase, New York… and advise (sic) as soon as the payment is made.”.

The payment instruction in favour of the NIA was signed by one Okonkwo Godwin, General Manager, Finance, NAPIMS, with staff No. 18526, on February 25, 2015.

But sources from the CBN, who cannot be named because they were not authorised to speak on the issue said the funds were taken away at night with bullion vans under heavy security cover.

When contacted, CBN’s Director, Corporate Communications, Ibrahim Mu’azu, declined comment on the report.

Mr. Mu’azu said he did not have authority to speak to the media about the status of the bank customers’ transaction details.

However, a senior official, who asked not to be named, as he had no permission to speak on the issue in his official capacity, said the bank has details of the transaction.

“My brother, the report is true,” he told PREMIUM TIMES. “Every detail is on point. But, since they claimed the withdrawal was for security services, anything could have been referred to as such. Nobody knows.”

Mr. Jonathan could not be reached for comments. One of his former spokespersons said he no longer speak for the former President. Another said he was busy and could not speak on the matter.

They all requested anonymity, saying they don’t want to be associated with issues they know nothing about.

Violating the law

The withdrawals of the huge cash is a violation of Nigeria’s Money Laundering (Prohibition) Act, 2011, which Mr. Jonathan personally assented to.

According to Part 1, Section 1 of the law, “No person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding- (a) N5,000,000.00 or its equivalent, in the case of an individual; or (b)N10,000,000.00 or its equivalent in the case of a body corporate.”

Section 16 (d) of the Acts says anyone who makes or accepts cash payments exceeding the amount authorized under this Act shall upon conviction be liable to a forfeiture of 25% of the excess above the limits placed in section 1 of the Act.

Source : Premium times

Business

Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers

Published

2 days ago

April 13, 2026

Sahara Weekly

Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers

As the festive spirit of Eid al-Adha (Sallah) approaches, Adron Homes & Properties, Nigeria’s leading real estate company, has announced a nationwide Sallah Mega Promo designed to reward subscribers with unbeatable discounts, flexible payment plans, and exciting gift items.

The limited-time promotional campaign aims to empower Nigerians to celebrate the season of sacrifice with both joy and long-term investment security by making property ownership more accessible and rewarding. Subscribers can enjoy a 30% discount on all plots across Adron estates nationwide, alongside a flexible payment plan of up to 36 months. In addition, clients can spread their initial deposit over four months, easing financial pressure while securing valuable real estate assets.

According to the company, the Sallah promo reflects its continued commitment to providing affordable housing solutions while rewarding both new and existing clients during key festive periods.

“Sallah is a time of giving, sacrifice, and celebration. At Adron Homes, we believe there is no better time to empower families and investors with the opportunity to own land while also receiving valuable gifts that enhance their celebration,” the company stated.

As part of the promo, subscribers will enjoy a wide range of gift rewards tied to their payment milestones. Platinum plot subscribers stand to receive items such as bags of rice ranging from 10kg to 50kg, food packs with chicken and seasoning, goats and rams for Sallah celebrations, and even a cow or a double-door refrigerator for high-value subscribers. Compact plot subscribers will also benefit from gift items including bags of rice, vegetable oil, cartons of noodles, goats, and other household essentials designed to support festive celebrations.

Over the years, Adron Homes & Properties has remained at the forefront of real estate development in Nigeria, consistently delivering affordable luxury and flexible payment structures tailored to a wide range of investors. The Sallah Mega Promo further reinforces the company’s mission to democratize property ownership while strengthening its relationship with clients through value-driven initiatives.

Prospective subscribers are encouraged to take advantage of this limited-time offer by contacting Adron Homes through its official channels.

📲 WhatsApp: +234 805 101 1951
🌐 Website: Adron Homes Official Website

With the Sallah season fast approaching, this promo presents a unique opportunity for Nigerians to celebrate meaningfully by securing their future through real estate investment while enjoying generous festive rewards.

Business

Please be careful, there’s a WhatsApp scam going around

Published

3 days ago

April 12, 2026

Sahara Weekly

*Please be careful, there’s a WhatsApp scam going around

Scammers are currently impersonating Aigboje Aig-Imoukhuede, the Chairman of Access Holdings Plc, to trick people into fake investment schemes.

They’ve created a WhatsApp group called *“Value Focus Club 60”* using this number: *+234 915 708 8290*, and even used his picture to make it look real.

*Important things to know*:
• The Chairman is NOT on WhatsApp running any investment group
• Access Holdings does NOT offer investment advice via WhatsApp
• Any message claiming otherwise is 100% fake

A whistleblower actually spotted this and raised the alarm, so please don’t ignore this.

*What you should do*:
• Don’t join the group or engage them
• Don’t share your personal or banking details
• Block and report the number on WhatsApp
• Let others know so they don’t fall victim

The company is already working to shut it down, but awareness is key.

Please share this with your contacts, someone you know could be targeted.

Business

HOUSE OF BIMPE FIT GAINS ATTENTION WITH TRENDY UNISEX FASHION LINE

Published

5 days ago

April 10, 2026

Sahara Weekly

HOUSE OF BIMPE FIT GAINS ATTENTION WITH TRENDY UNISEX FASHION LINE

LAGOS — A fast-rising fashion brand, House of Bimpe Fit, is making waves in the style scene with its collection of modern, elegant outfits designed for both men and women.

The brand, which showcases a blend of contemporary and classic designs, is quickly attracting attention for its attention to detail and quality finishing. From sharply tailored men’s native wears and suits to chic, figure-flattering outfits for women, House of Bimpe Fit is positioning itself as a go-to destination for fashion lovers seeking both style and comfort.

Speaking on the brand’s vision, the management emphasized its commitment to delivering “quality outfits for both men and women,” ensuring customers step out with confidence and class regardless of the occasion.

Fashion enthusiasts have particularly praised the brand’s versatility, as it caters to a wide range of tastes—from corporate elegance to casual sophistication.

With an active presence on social media, especially on TikTok via @house_of_bimpefit, the brand is leveraging digital platforms to reach a broader audience and showcase its latest collections.

Industry watchers say House of Bimpe Fit is one to watch, as it continues to carve a niche for itself in Nigeria’s competitive fashion industry.

For inquiries, customers can contact the brand via phone at 0802 686 6277.