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Jaiz Bank Boss, Hassan Usman, Others To Be Summoned by EFCC Over N109 Billion Theft

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Hassan Usman

Jaiz Bank Boss, Hassan Usman, Others To Be Summoned by EFCC Over N109 Billion Theft

Hassan Usman

 

The Economic and Financial Crimes Commission, ( EFCC) may soon summon Hassan Usman, the Managing Director of Jaiz Bank Plc, and other senior members of the Islamic Bank for questioning regarding their alleged roles in the N109 billion that Ahmed Idris, the disgraced former Accountant General of the Federation, is accused of stealing, according to sources in the commission.

 

Idris, who is currently facing charges from the EFCC along with two other conspirators, Godfrey Olusegun Akindele and Mohammed Kudu, allegedly stole the enormous sums of money by hacking into the Treasury Single Account (TSA), Government Integrated Financial Management Information System (GIFMIS), Integrated Payroll and Personnel Information System (IPPIS), and smuggled away billions of naira that belonged to the government.

 

 

 

 

 

 

 

 

The group was last week charged before Justice A. O. Adeyemi Ajayi of the Maitama, Abuja-based Federal Capital Territory High Court.

 

Investigative work by the EFCC revealed that the former Accountant General had opened bank accounts with an Islamic bank and utilized those accounts to refine his money-laundering techniques.

 

 

 

 

 

 

 

 

 

 

Investigations indicated that the bank was used to launder a sizable amount of money to high government officials at the federal and state levels, while the magazine is unable to determine the extent of some bank employees’ involvement in the crime.

 

According to information obtained by The Source Magazine, the commission is currently working to uncover any shady dealings the former AGoF may have had with some Islamic bank executives, which may have “enabled him to use the bank to launder public monies.” The bank must respond to important queries, according to an EFCC source.

 

 

 

 

 

 

 

 

 

“The Accountant General and his accomplices must have chosen Jaiz bank, in order not to draw any suspicion from the public and banking regulators. But it’s now obvious that there’s no hidden place for the bank and greedy government officials who committed the fraud. The EFCC will get to the bottom of the fraud and expose those involved” another EFCC top official said on Tuesday.

 

“There is a need to question more top officials of the bank apart from the chief executive who must be privy to how and when huge sums of money were moved without deeming it fit to alert constituted authority in the country and EFCC. There’s no way huge sums will be moved without the MD’s knowledge, and we are quite sure these officials are not unaware of the money laundering law,” the official said.

 

 

 

 

 

 

 

 

 

The EFCC claimed that Idris utilized a substantial portion of the stolen money to launch businesses and buy real estate in Kano, where he is from, as well as Abuja and other places.

 

These properties include, among others, the Kano City Mall, the Gezawa Exchange Limited, and the Gezawa Integrated Farms.

 

 

 

 

 

 

 

 

 

A portion of the earnings from the theft were also utilized by the disgraced former accountant general to bribe important members of the state and federal governments, including former governor Abdul’Aziz Yari of Zamfara state, who was at the time the chairman of the Nigeria Governors’ Forum (NGF).

 

During the trial last week, an EFCC prosecution witness Hayatu Ahmed, said Idris has accounts with Jaiz Bank which he used to make payments to individuals and companies, including a N280 million he paid into “Gezawa Commodity Market with Jaiz Bank.”

 

 

 

 

 

 

 

 

 

 

Additionally, it was discovered from EFCC sources that the bank was used in a large number of transactions that the disgraced Idris conducted with bureau de change. Several bureau de change in Kano and Abuja were paid via the bank, according to credible proof. The source stated that the dollar equivalent was then collected in cash and afterwards paid directly to people who had benefited from the crime.

 

Giving an overview of the fraud last week, the EFCC witness claimed that three groups shared the stolen money, including members of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), including one of its commissioners, Peace Akomas, a former deputy governor of the Abia State who is accused of collecting N18.8 billion.

 

 

 

 

 

 

 

 

 

“The second group is the AGF group, and it got a total sum of N18.01 billion.

 

“The third group, the Commissioners of Finance in the nine oil producing states, received N21.4 billion. The money was withdrawn by Akindele, converted to US dollars, and handed over to Akomas on behalf of the group.

 

 

 

 

 

 

 

 

“The fourth group is called the Yari group. This group received N17.15 billion. The entirety of the sum was transferred to the account of Fimex Professional Services on the instruction of the representative of this group – Abdul’Aziz Yari, former Zamfara state governor.

 

“The remaining N8.9 billion was retained by the second defendant. Furthermore, N4.29 billion was converted to US dollars by Akindele as appreciation for the consultancy contract, and the balance of N4.6 billion was given to Akindele,” the EFCC witness said in court.

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Defence headquarters confirms the arrest of terrorists behind Owo church attack

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Owo church attack

Defence headquarters confirms the arrest of terrorists behind Owo church attack

Owo church attack

 

The Defence headquarters said it has arrested the terrorists behind the attack on the St. Francis Catholic Church in Owo, Ondo State.

The Chief of Defence Staff, General Lucky Irabor, who made the disclosure during a parley with media executives at the Defence Headquarters, Abuja, said the criminals were arrested in collaboration with other security agencies.

 

 

 

Terrorists attacked the Catholic Church during a Sunday Mass and opened fire on the worshippers, resulting in the death of over 30 persons.

The incident happened on June 5.

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Exposed! Owner of Olabest Farm is a Scammer

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Exposed! Owner of Olabest Farm is a Scammer

By Olorunfemi Adejuyigbe

 

scammer

 

Olabest farms, an organization that is supposedly into the sale and delivery of Seafoods, Frozen foods, Cow, Goat/Ram, Roasted grass cutter and Guinea Fowl, has been found to be a scammer.

 

It has been discovered that after people place their order with olabest, the organization collects the money and then refuses to deliver the ordered product.

 

 

One of the victims, Mr miracle who spoke to a correspondent of saharaweekly, explained that he ordered for guniea fowl and snails on Saturday, August 6th, 2022 with the promise to deliver Sunday morning, and till date he hasn’t gotten what the ordered for, only for him to discover that he has been blocked on whatsapp and IG. He operates with a wema bank account with the name Nicholas Ekeh and account number 7351940957

 

 

Here is the link to the IG page: https://www.instagram.com/olabestfarmsng

Aside that, other victims who spoke to us revealed that the operator of the page is a fraud and dubious person who has duped innocent customers of their hard earned money.

 

 

 

 

 

 

 

Below are images of the chat of the victims and olabest farms:

scammer scammer scammer scammer

 

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SCIID Arrests The Younger Brother Of The Late Owner Of Tania Suites Over Allegations Of Being Involved In His Brother’s Death

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Tania Suites

SCIID Arrests The Younger Brother Of The Late Owner Of Tania Suites Over Allegations Of Being Involved In His Brother’s Death

Tania Suites

 

Crack detectives from the State Criminal Investigation and Intelligence Department (SCIID), attached to the Oyo state Police Command, have arrested one Femi Owolabi, immediate younger brother of the late owner of Tania Suites and hotel in Ogbomosho, OluGbenga Owolabi.

Femi was arrested after preliminary police investigations indicted him in the death of his elder brother.

 

 

 

 

Recall that Gbenga was abducted same day he arrived his Ogbomosho hometown (29/7/22) and was shot dead days later by his abductors alongside a staff of his hotel, Racheal Opadele, a 500level Lautech student even after the agreed five million Naira ransom had been delivered. The okada rider who took the ransom to the kidnappers was also killed.

 

 

The suspect who has since confessed to the dastardly deed, blamed the devil for misleading him. He is Femi Owolabi, Gbenga’s immediate younger brother.

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