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REVEALED!!! How OPC Boss, Gani Adams disregarded Ooni Of Ife, Oba Ogunwusi + How he collected $22m from Gaddafi

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Some state chairmen of the Odua’ Peoples Congress have called on the President Muhammadu Buhari led government and the Economic and Financial Crimes Commission to investigate Mr. Gani Adams, who they referred to as a former OPC National Coordinator.
While accusing Adams of financial impropriety, they also called on the EFCC to investigate some aides of Adams such as Ogunshola Olugbade and Femi Felix, who they referred to as his fronts.
They spoke on Sunday during a media briefing in Ilorin, the Kwara State capital.
The OPC Kwara State Coordinator, Mr. Maruff Olanrewaju, who addressed the media conference on behalf of other six states’ coordinators was flanked by the Oyo State Coordinator, OPC, Chief Adeagbo Musediq; his Ondo State counterpart, Mr. Rotimi Akinsonwon, a member of the National Coordinating Council, Mr. Lateef Oshodi; a former National Publicity and Director of Programmes, OPC, Mr. Sunday Bankole as well as some other national and Kwara State executives of the organisation.
Olanrewaju said, the Delta State coordinator, Mr. Hakeem Agbo-ola; his Sokoto State and Kaduna State counterparts, Alhaji Yekini Salaudeen and Alhaji Rasaq Ogunsanwo respectively and that of Bayelsa State though absent were in agreement with their position.
He said, “We also call on President Muhammadu Buhari and the EFCC to investigate all Gani Adams banks accounts; Ogunshola Olugbade’s account as well as Femi Felix account from February to November 2015.
“Moreso, President Muhammadu Buhari-led administration should give very closed monitoring to the bank and industry sectors because how can someone within a month save more than a billion in an account without any alarm from the bankers?”
He accused Adams of planning to unleash violence in Kwara State and urged the state government, security agencies to closely monitor the activities of Adams in the state.
According to him, Adams is planning to storm Ira, Oyun Local Government on March 12 allegedly with his hoodlums.
He said Adams was removed as national coordinator of OPC because he allegedly failed the entire members of the organization and allegedly betrayed the entire Yoruba race.
He accused Adams of disrespecting Yoruba leaders including the Ooni of Ife, Oba Adeyeye Ogunwusi.
Olanrewaju said, “Just of recent, you are all living witnesses when a former President of Nigeria, Chief Olusegun Obasanjo went to Oni of Ife, he prostrated flatly before Oni. But when Gani Adams went, he just bowed his head with hand shake to Oni. That is disrespectful.
Adams is a disgrace to Yoruba culture. When you are promoting culture and you cannot bow in front of one of the most highly respect Oba in Yoruba land that is unacceptable.”
The Kwara State OPC boss further said Adams was not financially transparent to members of the organization.
According to him, Adams had collected N1.6bn from a former President, Dr. Goodluck Jonathan for empowerment of the members, which he did not make the members to benefit from.
He also alleged that Adams collected N9bn from Jonathan’s government allegedly to destabilize the Yoruba race as well as allegedly received take off grant from Jonathan for pipe-line surveillance contract which OPC members executed only to allegedly deceive the OPC members who he said actually executed the contract that the contract money had not been paid.
Olanrewaju said, “Adams promised our members that if Jonathan released money, each member will get between N200,000 and N250,000 as empowerment. When Jonathan released N1.6bn through Musiliu Obanikoro, for that empower, there was nothing to show for it.
“He should explain how Jonathan’s money was spent. Before the election, there was a publication by a former National Publicity Secretary of the All Progressives Congress now Minister of Information and Culture, Alhaji Lai Mohammed that Adams had collected N9bn from Jonathan to disorganize the Yoruba race. We denied that but later we came to the realization that truly he collected the money.
“At the first meeting after the election, he told us that he spent N800m on OPU outside the country. Where did he get the money? He also bought some properties. After the election, he went to London to establish Odua Voice Radio, which cost him thousands of dollars. Where did he get the money from if he did not collect N9bn from Jonathan?”
According to the Kwara OPC boss, Adams collected $22m from a former leader of Libya, late Muammar Gaddafi. He further alleged that Libyans had been demanding for the refund of the money.
“Adams should explain how Jonathan’s money was spent. We demand immediate reaction to the allegation of $22m Gadaffi money. He should show to the world the registration certificate of Olokun Festival Foundation, Oodua Economic Empowerment Initiative and that of Oodua Voice Radio,” Olanrewaju said.
He also alleged that Adams became partisan and supported many governorship candidates that later failed.
He added that Adams had boasted that he would mobilize 6m votes for Jonathan from South West. He stated that even with alleged rented crowd, Adams disappointed Jonathan.
According to him, Adams supported Gadaffi against Libyans while Gadaffi later died.
Olawale who said other state coordinators of OPC were solidly behind them in their revolt to Adams challenged him to sue them if he believed that their allegations against him are untrue.

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ATMs empty as banks ration withdrawals

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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.

 

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NNPCL Makes New Leadership Appointments

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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

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Oil Cabals crippled Govt Refineries, now working against Dangote Refinery – Pastor Adeboye

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How Prophet Kingsley Predicted The Rumble In Pastor Adeboye Led RCCG

Oil Cabals crippled Govt Refineries, now working against Dangote Refinery – Pastor Adeboye

 

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries.

The respected clergyman made the call for nationwide prayers during the November 2024 Abuja Special Holy Ghost Service themed ‘Total Restoration’, which held in the capital city. While Adeboye did not explicitly name the Dangote Petroleum Refinery, his remarks echoed the ongoing attempts by oil marketers to prevent the refinery from functioning as it was designed to.

The Dangote Refinery based in Ibeju-Lekki, Lagos is the only facility currently refining petrol in Nigeria, and Adeboye’s comments reflected the dispute between the refinery and oil marketers, who seek to continue importing fuel for personal gain.

Pastor Adeboye reminded the congregation that it was God who raised Aliko Dangote to establish a refinery after years of failed attempts to revive Nigeria’s four public refineries, which had consumed billions of Naira with little result. He questioned the persistence of fuel imports despite Nigeria’s status as a major crude oil producer.

“Are we under a curse?” he asked. “We have four refineries, we poured all kinds of money into them, none of them is working. But God raised someone to build a refinery that works. He is not my relative, he is not from my village. He is not even a Christian, but he is a Nigerian who says, ‘Why should my people suffer when I have the means to build a refinery that can work?’ Now he is refining petrol, and some people want to stop him from selling it, so they can keep importing.”

Adeboye also pointed out the damage caused by the fuel subsidy, describing it as a significant drain on Nigeria’s resources, contributing to the country’s mounting debts and corruption. He stressed that when President Bola Ahmed Tinubu announced the end of the subsidy in 2023, Nigerians largely welcomed the decision, but oil marketers, who benefitted from the subsidy regime, were furious.

These marketers, the renowned pastor claimed, have formed alliances with some International Oil Companies (IOCs) and other powerful interests to obstruct the Dangote Petroleum Refinery. This includes restricting access to crude oil, forcing Dangote to import crude from countries like the United States, among others.

He called for prayer for the total restoration of the country, noting that the Nigerian people are suffering the consequences, as the prices of essential goods have soared, pushing many items beyond the reach of ordinary citizens. “The masses are the ones suffering because these marketers, who are bent on keeping imports alive, already have more money than they can ever spend,” he said.

Despite the Dangote Petroleum Refinery’s capacity to meet Nigeria’s entire demand for petroleum products – and even to export surplus fuel – oil marketers continue to pressurise the government to allow ongoing petrol imports. This has placed additional strain on the Naira, which has continued to depreciate.

Recently, the Crude Oil Refineries Owners Association of Nigeria (CORAN) urged the government to protect local refineries from unfair competition posed by importers and international petroleum traders, in line with provisions in the Petroleum Industry Act (PIA).

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