Connect with us

Business

Inspector General of Police, Ibrahim Idris sues the Senate, Bukola Saraki over fraud allegations

Published

on

 

 

 

The Inspector-General of Police, Mr. Ibrahim Idris, on Thursday, filed a suit before the High Court of the Federal Capital Territory in Abuja, seeking an order restraining the Senate and Senate President ,Bukola Saraki from going ahead with their plan to investigate allegations of malpractices against him.

The lawmaker, representing Bauchi Central Senatorial District, Isah Misau, of the All Progressives Congress, had alleged, among others, that the IG collected about N10bn monthly from some firms and highly-placed Nigerians for giving them security cover.

Misau, a former police officer before being elected to the Senate, also accused Idris of granting fraudulent promotions to undeserving police operatives.

Misau, who is the Chairman, Senate Committee on Navy, had, on August 25 accused Idris of extorting money, ranging from N10m to N15m, from Commissioners of Police, State Mobile Commanders and Special Protection Units Commanders, for favourable postings.

He had argued that the level of corruption being perpetrated by Idris was so alarming and capable of undermining the anti-corruption stance of President Muhammadu Buhari.

The IG had denied these allegations while the Force Headquarters had accused Misau of leaving the force with forged retirement papers.

Idris had alleged that Misau was a deserter.

In his fundamental rights enforcement suit marked FCT/HC/CV/3158/17, the IG asked the court to declare both the Senate committee, set up to probe the allegations and the conduct of the committee as unconstitutional, null and void.

He also wants the court to make an order restraining the committee from inviting him, sitting, conducting any hearing on the allegation, discussing or making any report in respect of the planned investigation pending the determination of his suit.

Saraki had mandated the Senate Committee on Ethics, Privileges and Public Petitions to investigate the circumstances surrounding Misau’s disengagement from the Nigeria Police.

Through his team of lawyers, led by Charles Ogolu, Idris contended that the Senate President, without regard to relevant constitutional requirements in respect of the role of the Senate in investigations of allegations, set up the committee “in reaction to “these frivolous allegations” by Misau.

As part of his grounds of the suit, the IG states, “The applicant is a law-abiding citizen and has fundamental right to dignity of person under Section 34 of the Constitution of the Federal Republic of Nigeria (1999) (as amended), and Article 5 of the African Charter on Human and Peoples Rights (Ratification and Enforcement) Act.

“The applicant occupies a hallowed office as the Inspector-General of Police in Nigeria and is thus in charge of all police officers in Nigeria.

“One Senator Isa Misau, a member of the 2nd respondent (Senate), while raising a matter of urgent national importance, had sometime between September and October 2017, alleged that the applicant instituted roadblocks across Nigeria with the purpose of extorting money from unsuspecting motorists.

“The said Senator, while commenting on his motion, equally alleged that the applicant collects illegal fees by way of security protection given to corporate organisations, eminent citizens and oil companies running into billions of naira.

“The said Senator equally rained a personal attack on the person of the applicant that the applicant is having unwholesome relationship with the female officers in the force.

“Without the 1st respondent (Saraki), having regard to the relevant constitutional requirements in respect of the 2nd respondent’s role in investigations of allegations, he, in reaction to these frivolous allegations, quickly constituted a committee consisting members of the 2nd Respondent to look into the matter.”

The IGP contended that “the act of the first respondent (Saraki) in constituting the committee is ultra vires, unconstitutional, null and void.”

He added, “The said committee so constituted is acting ultra vires, unconstitutional, null and void.”

The Senate President had named the Deputy Chief Whip, Senator Francis Alimikhena, as Chairman of the panel; and senators Joshua Lidani, Binta Masi Garba, Duro Faseyi, Nelson Effiong, Obinna Ogba, Abdul-Azeez Murtala-Nyako and Suleiman Hunkuyi as members.

But the Federal Government had, on Tuesday, through the Office of the Attorney General of the Federation and Minister of Justice, filed two separate sets of charges against Misau, accusing the Senator in one set of spreading injurious falsehood against the IG.

Faulting the constitutionality of the committee set up by the Senate to investigate him, the IGP is therefore seeking, “A declaration that the committee set up by the Senate of the Federal Republic of Nigeria to investigate the allegations against Mr. Ibrahim Idris is unconstitutional, null and void.

“A declaration that the sitting and other conduct of such constituted committee to investigate the allegations against Mr. Idris are unconstitutional, null and void.

“An order restraining the Senate Committee howsoever designated from sitting, inviting Mr. Ibrahim Idris, hearing or taking a decision, against the current Inspector-General of Police, pending the determination of this suit.

“An order restraining the President of the Senate and the entire Senate from receiving and discussing any report submitted to it by the committee set up to investigate the allegation against Mr. Ibrahim Idris pending the determination of this suit.”

IG, Misau’s foreign trips frustrate Senate probe

Meanwhile, the Senate Committee on Ethics, Privileges and Public Petitions, which is investigating alleged corruption and misconduct against the IG, explained why it had delayed invitations to Idris and Misau, the IG’s accuser.

The Chairman of the Committee, Senator Sam Anyanwu, told The PUNCH on Thursday that the panel had yet to start working as both Misau and Idris had not been around to answer its invitations.

“We understand that the IG is out of the country and, of course, Senator Misau is also on his way out of the country for the IPU. We cannot take off without both parties,” Anyanwu told one of our correspondents.

It was, however, learnt on Thursday that the police boss, who was at the VII Congress on the Fight Against Kidnapping and Extortion in Cartagena, Colombia, was back in the country.

Anyanwu had exclusively told The PUNCH, on Wednesday, that the committee would continue with the probe of the police chief since neither the panel nor the Senate was joined in the suit filed by the AGF against Misau.

When Anyanwu was asked through a text message if his committee would go ahead with the investigation, as the AGF had filed a suit against Misau, he replied, “The committee or the Senate is not a party to the suit.”

Meanwhile, Misau has declined to comment on the charges filed against him by the Federal Government through the Office of the AGF.

The lawmaker neither returned calls to his two mobile lines nor replied to a message sent to him.

When contacted at his office, his legislative aide, who confirmed that the lawmaker was in, said his boss was “busy.”

The aide, after listening to one of our correspondents’ enquiries, went into Misau’s office and came out to say his boss insisted that he would not talk to the press.

Chairman of the Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi, who was asked for the chamber’s reaction to the suit filed by the Federal Government, said, “No comment.”

A member of the Senate, who declined to be named, however referred our correspondent to Orders 41(7) and 53(5) of the Senate Standing Rules, where it is stated that a matter that is pending in a court could not be treated in the chamber, while the lawmakers will continue with a case pending in the chamber before the case is taken to court.

“The truth of the matter is that we started the case first and whatever happens in the court does not concern the Senate. We are not a party to the case. Besides, if we have to stop work on every matter because it is before a court, it means an arm of government will be gagged,” the source said.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes

Published

on

*Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes

 

 

Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced the grand finale of the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics.

Launched in 2019, Wema Hackaholics is a groundbreaking initiative designed to harness the creativity and entrepreneurial spirit of Nigeria’s youth, providing them with a platform to turn their tech-driven ideas into reality. The highly anticipated Hackaholics 5.0 grand finale will take place on November 27th, 2024, under the theme, “Meta Idea: Capitalizing Africa’s Growth Through Innovation.” This year’s theme aims to showcase how tech-driven solutions can fuel Africa’s development by tapping into the continent’s growth potential through innovation and digital transformation.

The grand finale will bring together the brightest innovators from universities and tech communities across the country. These innovators will pitch their Digi-Tech solutions designed to solve real-world problems and contribute to Africa’s economic and social progress. The event promises to be the culmination of months of intensive competition, collaboration, and mentorship, providing a platform for youth-led tech ideas to reach new heights.

Announcing the date of the grand finale, Moruf Oseni, MD/CEO of Wema Bank, highlighted the bank’s vision for Hackaholics. “Hackaholics is more than a competition; it is a movement to equip Nigeria’s youth with the skills, networks, and resources needed to drive Africa’s digital transformation. The Meta Idea theme for this year is a call to action for young innovators to think beyond the present and design solutions that will capitalize on Africa’s growth. We are excited to see how our participants envision and build the Africa of tomorrow.”

Speaking on the prizes, the MD/CEO said “At the grand finale, participants will compete for exciting cash prizes, grants, and access to Wema Bank’s extensive network of investors, mentors, and industry experts. The total worth of prizes for this year is ₦75,000,000. The winning team will receive ₦30,000,000, the first runner-up will receive ₦20,000,000 and the second runner-up will receive ₦15,000,000 worth of prizes. Additionally, we will be awarding a special grant of ₦10,000,000 worth of prizes to the female-led team to encourage gender diversity in tech innovation.” He concluded.

Wema Bank’s Hackaholics is a testament to the Bank’s commitment to shaping Africa’s future through innovation and entrepreneurship. Hackaholics 5.0 began with a nationwide call for entries earlier in the year and has engaged over 10,000 aspiring tech innovators and entrepreneurs across Nigeria. With 2,297 applications across 8 physical pitch centers and 1 virtual pitch center, 34 innovators across all locations are set to pitch their ideas at the pre-pitch stage ahead of the grand finale scheduled to hold in Lagos.

Through Hackaholics, Wema Bank has provided a platform for youth to channel their creativity and entrepreneurial spirit into actionable tech solutions that address Africa’s most pressing challenges. Over the years, Hackaholics has grown into one of the largest and most influential tech competitions in Nigeria, impacting thousands of young minds.

The competition not only offers winners cash prizes and grants, but also access to mentorship, industry networks, and resources to help scale their innovations globally. This initiative is a key part of Wema Bank’s broader strategy to harness technology as a driver of socio-economic growth in Africa.
Interested individuals can register to attend the grand finale via https://hackaholics.wemabank.com/grandfinale

Continue Reading

Business

ATMs empty as banks ration withdrawals

Published

on

ATMs empty as banks ration withdrawals

ATMs empty as banks ration withdrawals

 

The Automated Teller Machines of Deposit Money Banks have consistently remained empty in recent months as banks grapple with a sustained low cash supply.

It was also gathered on Wednesday that some DMBs, particularly in the Federal Capital Territory, have begun another round of cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between N5,000 and N20,000.

While banks struggle to get cash, Point-of-Sales operators have been fulfilling the cash needs of customers.

Speaking at the Facts Behind the Rights Issue Presentation of FBN Holdings at the Nigerian Exchange Limited recently, the Executive Director/Chief Financial Officer of First Bank, Patrick Iyamabo, said that the matter was an industry-wide one and not peculiar to a specific bank.

He said, “It is an industry problem. Most customers after exhausting the options available in other banks, tend to settle at FirstBank to address their cash needs. The challenge differs by location but we know it is a challenge that the regulator is looking into to address. But as we speak of physical cash, we must appreciate that the direction of the industry is to go digital.

“A lot of our customers do most of their transactions digitally, and you heard the GMD speak to this, very often people don’t want to transact in cash. In terms of this new order, your bank, FirstBank is very well positioned so if you look at the statistics and I’m speaking to independent statistics, just pick up your NIBSS report, the bank with the most stable platform meaning availability to always transact digitally is FirstBank. So, all our customers have the benefits of having their cash in First Bank and having access to this cash anytime anywhere and as necessary. It’s a huge advantage.”

Speaking anonymously with The PUNCH, a banker at a tier-1 bank put the blame on the Central Bank of Nigeria.

“It is what CBN has given us that we are using. We are confined within the limits of what is available to us. Also, because we are a big operation, we have to deal with many other businesses.

“Have you also noticed that there is a boom in the PoS business? Those people don’t take their money to the banks. The money comes out of the banks and it stays within their circle. They warehouse their funds, unlike you and I who would withdraw money and spend it which will eventually find itself back into the formal banking system. It is not the same with them. They warehouse their funds and distribute it among themselves.”

According to data from the CBN, currency outside the banks hit N4.02tn in September from N3.86tn in August. This brings it closer to the value of currency in circulation which stood at N4.31tn in September.

Meanwhile, some PoS operators on Lagos Island have increased their charges from N200 for cash of N10,000 to N300.

This was observed at both the CMS bus stop and at Obalende. However, off Lagos Island, the rates had remained at N200 for cash withdrawal of N10,000.

It was further gathered that banks have begun cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between N5,000 and N20,000.

Findings by The PUNCH showed that the development is gradually leading to cash shortage, as many ATMs were non-functional, leaving customers with no choice but to seek alternative means of withdrawing cash.

As a result, many people have turned to Point-of-Sale operators, who have become the primary channel for cash withdrawals, albeit often at higher transaction fees.

Major commercial banks visited by one of our correspondents on Wednesday claimed not to have sufficient cash allocation hence the ration withdrawals to serve more customers.

The banks visited include Guaranty Trust Bank, Zenith Bank along Airport Road, and EcoBank at Jabi in Abuja.

A bank customer at EcoBank, who spoke without mentioning her name, said she was only allowed to withdraw N5,000 from N20,000 previously allowed.

“I was just informed that I can only withdraw N5,000 from my account. Can you imagine? The amount will can’t even take me home.”

Our correspondent received the same answer when he attempted to obtain cash.

At GTBank and Zenith Bank along the airport road, customers were permitted a maximum withdrawal of N20,000 from N100,000 previously disbursed as a daily limit.

 

A customer, Mr Faith, who visited the bank expressed shock about the new limit. He said the banks didn’t give any cogent reason for reducing the withdrawal limit.

“I just visited these banks, and I was informed that I can only withdraw N20,000 from N100,000, which was the previous limit. They didn’t even give any reason for reducing, now I have to start looking for cash elsewhere. This country is just so annoying,” He vented.

Cash scarcity became a recurring and widespread issue across Nigeria after the Central Bank of Nigeria introduced a controversial policy in January 2023, which significantly reduced the daily and weekly cash withdrawal limits to N100,000 daily, N500,000 weekly for individuals, and N5m for business entities.

This decision, aimed at encouraging a cashless economy, led to long queues at ATMs, increased difficulty in accessing physical cash, and a general disruption of daily financial transactions for millions of Nigerians.

The policy’s impact was felt particularly by those in rural areas and lower-income groups, who rely heavily on cash for their day-to-day needs, exacerbating economic hardships across the country.

Last week, data from the CBN showed that currency in circulation climbed 56.1 per cent year-on-year to reach N4.31tn, up from N2.76tn in September 2023, reflecting an increase of N1.55tn.

This is just as currency outside banks surged by 66.2 per cent in September 2024, reaching N4.02tn compared to N2.42tn in September 2023, a notable rise of N1.60tn in just one year.

This indicates that the volume of currency retained outside the banking sector outpaced the total released for circulation within the past year.

Compared to August 2024, currency in circulation rose by 4.0 per cent month-on-month, adding N166.2bn from the previous figure of N4.14tn.

The CIC is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses. It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.

Earlier in September, the CBN announced plans to sanction banks that fail to dispense cash through their automated teller machines, as part of efforts to improve cash availability in circulation.

The CBN also revealed plans to release an additional N1.4tn into circulation over the next three months to ease cash flow within the banking system.

This strategy aims to ensure that ATMs and bank branches have sufficient cash, addressing ongoing challenges faced by customers over cash shortages.

Efforts to get a reaction from the apex bank on the new situation proved abortive as the acting Director, Corporate Communications, Sidi Ali Hakama, did not respond to enquiries sent to her phone number.

 

Continue Reading

Business

NNPCL Makes New Leadership Appointments

Published

on

NNPCL Makes New Leadership Appointments

NNPCL Makes New Leadership Appointments

 

The Board of Directors of Nigerian National Petroleum Company Limited (NNPCL) has just made fresh leadership appointments.

A communication by Olufemi Soneye, Chief Corporate Communications Officer of the nation’s oil company, announcing the development reads…

The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes
reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.

The following key appointments have been made:
1. Mr. Adedapo A. Segun has been appointed as the Chief Financial Officer (CFO). Mr. Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations.
2. Mr. Isiyaku Abdullahi has been named Executive Vice President (EVP), Downstream.
3. Mr. Udobong Ntia has been appointed Executive Vice President (EVP), Upstream.

These appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organization’s strategic objectives.

The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited.

NNPC Limited remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritizing the interests of the Nigerian public in the petroleum industry.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Limited
November 13, 2024S

Continue Reading

Cover Of The Week

Trending