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‘I gave N2.3billion to Governor Fayose in 2014’ – Obanikoro Confesses

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A  former Minister of State for Defence, Senator Musiliu Obanikoro, has told the Economic and Financial Crimes Commission that he gave the sum of N2.3bn to the Governor of Ekiti State, Ayodele Fayose, in the run-up to the Ekiti State governorship election in 2014.

Obanikoro was said to have also told operatives that N60m was converted to dollars at N168 per to a dollar and given to Fayose.

The PUNCH learnt on Tuesday that the minister told operatives of the anti-graft commission, who continued his interrogation in Abuja on Tuesday, that he personally handed over N5,357,357 to the governor on an occasion.

A top operative of the commission, who spoke to our correspondent on condition of anonymity, said Obanikoro told his interrogators that the money was transferred to Fayose on the instruction of the former National Security Adviser, Col. Sambo Dasuki, (retd.).

The source alleged that following the instructions from the former NSA, the sum of N1.3bn was brought for transfer to Fayose by Diamond Bank in a bullion van.

Obanikoro was also said to have told the EFCC operatives that Agbele received the money in the presence of the ex-minister’s Aide De Camp, one Lt. Adewale, and officials of Diamond Bank at the Lagos airport.

The source added, “The former minister, Obanikoro has made some revelations. You know that he responded to a petition from the office of the NSA dated 28/11/2015 under the category ‘Payment without award of contracts’.

“He admitted that N2.23bn was transferred to Macnamara for onward transfer to Governor Ayodele Fayose. He claimed that it was done on the instructions of the NSA.

“He also said he handed over N5,357,357 to Fayose.

“Obanikoro told the commission that the N1.3bn was received by Mr. Biodun Agbele, one of Fayose’s associates, in the presence of his (Obanikoro) ADC, one Lt. Adewale, and bank officials.”

The former minister was said to have told his interrogators that while he had no interaction with the officials of the bank, he called Fayose to have his consent to hand over the money to Agbele.

The source stated that Obanikoro also told his interrogators that Agbele used his (Obanikoro) mobile to speak to Fayose to confirm receipt of the money.

“Obanikoro also said the money was moved from the Lagos airport to Akure airport in two flights.

“He said he instructed that the money be handed over to the governor before leaving with the first flight,” the source said.

The source said the ex-defence minister, however, denied ownership of Sylvan Mcnamara, the company that received N4.685bn from the ONSA between April 4, 2014 and November 13, 2014.

The anti-graft agency had alleged that Obanikoro’s sons, Babajide and Gbolahan, were directors in Sylvan Mcnamara as of the time the money was paid into the company’s account.

The former minister was quoted to have admitted that he introduced the owner of the firm, whose name was given as Mr. Kareem Taiwo, to the former NSA in the days of heightened fear of possible Boko Haram attacks on Lagos and the South-West.

The source stated, “He denied being the owner of the company but admitted introducing the owner of the company, one Mr. Kareem Taiwo, to the NSA during the days of the threat of Boko Haram in Lagos and the South-West.

“He said the company was introduced to the ONSA at a time government was taking a decision to incorporate local input into intelligence gathering to prevent terrorists attacks in Lagos and the South-West.”

The PUNCH learnt that the former minister was being questioned by the commission for receipt of funds from the ONSA without contract awards.

The firm, which received the money from the ONSA, Mcnamara, was said to be listed as number 78 among companies that received funds from the ONSA.

Our correspondent learnt that Obanikoro was still being detained by the EFCC as of the time of fling this report on Tuesday night  to continue with the agency’s investigations on Wednesday.

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FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

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FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT   By Farouk Mohammed

FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

 

By Farouk Mohammed

 

Once again, FirstBank has reaffirmed its position as a champion of arts, culture, and entertainment through its annual DecemberIssaVybe initiative. This year, the bank brought music lovers an unforgettable Christmas Eve experience with the Davido Live in Lagos concert, held at the iconic Eko Hotel Convention Centre. As part of the initiative, the event was a highlight of the festive season, delivering joy, excitement, and unmatched entertainment to thousands of fans.

 

Delivering Exclusive Experiences

True to its legacy, FirstBank ensured its customers and followers had the chance to enjoy this spectacular event through ticket giveaways across its social media platforms. By engaging with fans on Instagram (@firstbanknigeria) and Facebook (First Bank of Nigeria Limited), the bank seamlessly connected with its audience, creating opportunities for them to witness one of Nigeria’s biggest stars perform live.

Through its First@arts initiatives like these, FirstBank continues to elevate the entertainment experience for its stakeholders, positioning itself as more than just a financial institution but a lifestyle enabler.  The bank’s efforts underscore its commitment to bringing premium opportunities to its customers, creating memorable moments for families and individuals alike.

 

Davido: The Highlight of DecemberIssaVybe

On Christmas Eve, the atmosphere at the Eko Hotel Convention Centre was nothing short of electric as Davido, the Afrobeats superstar, delivered an exhilarating performance. With hits like “Feel,” “Unavailable,” “FUNDS,” and “Dami Duro”, the audience was immersed in a musical journey that celebrated Nigerian creativity and artistry. The energy was infectious, as fans sang along to every lyric, making the concert an unforgettable experience for all in attendance.

For many, this was their first time seeing Davido live, and FirstBank made it possible, proving once again its dedication to supporting the arts and providing access to world-class entertainment.

 

The Spirit of DecemberIssaVybe

The DecemberIssaVybe initiative is not just about music; it’s about community, homecoming, and shared joy. Designed to resonate with Nigerians, both at home and in the diaspora, the initiative creates opportunities for family bonding and cultural connection during the festive season. Events like Davido’s concert, the Calabar Carnival, and Flytime Fest have all contributed to making the 2024 edition of DecemberIssaVybe truly extraordinary. Through DecemberIssaVybe, FirstBank continues to demonstrate its commitment to enriching the lives of its customers by providing access to premium events and creating platforms that celebrate the essence of Nigerian culture.

 

More Than Banking: A Commitment to Community

FirstBank’s impact goes beyond providing financial services—it’s about enabling memorable experiences. By supporting events like the Davido Live in Lagos concert, FirstBank strengthens its bond with customers, enhancing its role as a catalyst for joy and togetherness during the festive season.

With its steadfast support for the arts and entertainment industry, FirstBank also contributes to the economic empowerment of the value chain, showcasing its leadership in promoting culture, music, and creativity in Nigeria.

 

Stay Connected, Stay Vibing

For those who experienced the magic of Davido’s concert and other DecemberIssaVybe events, the memories will remain cherished. For those who missed out, FirstBank offers more opportunities to join the excitement. Stay tuned to its social media platforms—Instagram (@firstbanknigeria), Twitter (@FirstBankngr), and Facebook (First Bank of Nigeria Limited)—for updates, contests, and more exciting opportunities.

FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

By Farouk Mohammed

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Don’t Return Fuel Subsidy Through Dubious Means, Group Tells NNPCL’s Mele Kyari

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Don’t Return Fuel Subsidy Through Dubious Means, Group Tells NNPCL’s Mele Kyari

 

The Afenifere Mandate Forum (AMF) has cautioned the Nigerian National Petroleum Company Limited (NNPCL) against re-introducing fuel subsidy through dubious means, citing the regime’s notorious history of corruption.

The group emphasised the need for transparency going forward, urging the Central Bank of Nigeria (CBN) not to make payments to NNPCL’s foreign partners in the name of subsidy.

In a statement signed by its President, Otunba Davies Folorunsho, the group said the fuel subsidy regime was embroiled in corruption, with allegations of fraudulent payments and inflated subsidies.

Folorunsho said Mele Kyari, the Group CEO of NNPCL, was at the centre of the controversy, with reports of the company importing toxic fuel from Malta.

He noted that this not only perpetuated corruption but also endangered the health and safety of Nigerians.

However, Folorunsho said the he removal of fuel subsidy has been a significant step towards economic recovery, saving the country billions of dollars that were previously spent on subsidizing petrol prices.

“In 2022 alone, subsidies gulped $10 billion, leaving the state oil company NNPC with nothing to remit to the treasury,” he added.

“Fuel subsidy were not only financially ruinous but also largely regressive, benefiting mostly car-owning urbanites and those who could afford petrol-powered generators.

“As a result of the subsidy removal, the financial burden on the government has been significantly reduced, freeing up more funds for critical infrastructure and social programs.

“Additionally, government revenue has increased, smuggling has decreased, and the risk of adulterated fuel has been mitigated. The removal of fuel subsidy has also paved the way for a more sustainable energy ecosystem, encouraging the use of alternative energy sources and reducing Nigeria’s reliance on fossil fuels.

The group urged the NNPCL to maintain transparency in its operations and avoid re-introducing fuel subsidy through the backdoor.

“We believe that the removal of fuel subsidy is a step in the right direction, and we urge the government to continue on this path towards economic recovery,” Folorunsho said.

 

 

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Adron Homes Celebrates Christmas with Customers, Reaffirms Commitment to Bridging Nigeria’s Housing Deficit

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Adron Homes Celebrates Christmas with Customers, Reaffirms Commitment to Bridging Nigeria’s Housing Deficit

 

As the world embraces the joy and warmth of the Christmas season, Adron Homes and Properties, Nigeria’s foremost real estate company, has extended heartfelt greetings to its esteemed customers while reaffirming its commitment to addressing the nation’s housing challenges.

In a message of gratitude and celebration, Adron Homes expressed deep appreciation to its customers for their trust and loyalty throughout 2024. The company highlighted its unwavering dedication to making incredible housing affordable for all Nigerians, in line with its mission of reducing the country’s housing deficit.

“Christmas is a time to celebrate family, unity, and gratitude,” the statement read. “As we reflect on the year, we are proud to have played a role in making homeownership a reality for thousands of Nigerians. Our vision is clear—to bridge the housing deficit by providing affordable, luxurious, and secure homes for all, regardless of income level.”

Adron Homes has continued to lead the real estate industry by implementing innovative solutions that make homeownership accessible, including flexible payment plans and cost-effective housing models tailored to meet diverse customer needs.

As part of its Christmas and end-of-the-year celebration, the company has launched a special festive promotions ‘Lemon Friday’ aimed at encouraging more Nigerians to join its growing community of homeowners.

“We remain committed to transforming dreams into reality. This is not just about building homes; it’s about building futures and creating opportunities for families to thrive in a space they can call their own,” the statement added.

Adron Homes extended warm wishes to all Nigerians and its global customers, urging them to embrace the season’s spirit of love and hope. “May your homes be filled with peace, joy, and prosperity this Christmas and beyond.”

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