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Union Bank MD, Others Face Fraud Charges

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Interestingly, a federal high court has ordered bosses of Citi Bank, Union Bank and 14 other persons to appear before it to answer criminal charges of fraudulent diversion of N10.7 billion belong to a client

 

The federal high court sitting in Lagos, has issued a writ of summon to C. S. Sankey, chairman, Nigeria International Bank Limited, Citi Bank; Emeka Emuwa, managing director, Union Bank Plc and Olusola Fagbure, legal adviser/company secretary, Citibank, to appear before it on Monday, January 25 in a N10.7 billion criminal charge preferred against them and 14 others by the federal government of Nigeria.

The issuance of the writ of summon and its service to the accused persons on Thursday, January 14, was sequel to an approval by President Muhammadu Buhari for Abubakar Malami, attorney-general of the federation, AGF and minister of justice, to relist the case and begin a fresh charge against them for allegedly defrauding Michael Emerah, an Onitsha-based business mogul and chairman/managing director, Micmerah Group of Companies Limited. Emerah was defrauded of huge sums of money in 2001 under the pretence of assisting him import luxury buses and new motor spare parts.

In the writ of summon, the AGF also ordered the restoration of the attorney-general’s fiat earlier granted to Chris Uche, prosecution counsel, to prosecute the case on behalf of the federal government but which was dropped by the former AGF in 2011.

The order came as a result of the action of Mohammed Adoke, former AGF, who entered a notice of discontinuance (Nolle prosequi) of the case in May 2011 and at the same time withdrew the fiat granted to the prosecution counsel.

In a letter conveying Buhari’s order to the complainant in the case M. Abdullahi, deputy director of prosecution of the federation, DDPF, in the federal ministry of justice, stated that Buhari’s order to re-open the case for the interest of justice, was in line with his administration’s change mantra and his determination to revisit all high profile fraudulent cases, aimed at stamping out corruption within the system in all facets of the nation’s economy.

In a strongly worded letter by Emerah to Buhari, dated August 10, 2015 the complainant alleged that the case was discontinued in a corrupt manner by the former AGF. It is believed Emerah’s complaint prompted an advice from the DDPF to order the re-opening of the case in the interest of justice because of the contentious nature of the case. Besides, going by the petitions and counter-petitions in the file, the DDPF said that the office of the present AGF was convinced that there was sufficient evidence to prosecute the suspects and that the proper venue to determine the interests of the parties involved should be the court and not chambers of the AGF, so that no party would have a feeling that the ministry of justice could not dispense justice.

Emerah had in the petition to the president, alleged that Uche’s fiat to prosecute the case on behalf of the federal government was fraudulently withdrawn by the former AGF, who equally entered the notice of discontinuance (Nolle pprosequi) in a corrupt manner.

Based on the order for the reinstatement of the charge and restoration of the AGF’s fiat to Uche, the prosecution headed to the federal high court, Lagos and slammed a fresh 20-count charge of conspiracy, diversion of federal government’s revenue into their private pockets, fraud, falsification of documents, presentation of untrue documents, making of forged documents, counterfeiting of documents, corrupt enrichment, obtaining money under false pretence, obtaining property under false pretence, fraudulent invasion of duty, conspiracy to steal, conspiracy to commit felony and untrue declaration against the accused persons which prompted this latest writ of summon by the court to appear before it on January 25.

In the fresh charge before the court, other accused persons in the matter are as Peter H. Harris, Adekunle Oladosun, Okechi Emeka Egwu, Lulu Ndubuka, Kabiru Bello, J. E. Eriagbon, a principal staff of Central Bank of Nigeria, CBN; Samson Ebie, Steve Obodomechine, Mikky Dons Nigeria Limited, Mark Anaele, Ariyo Oyowole Odunala, Peter Bamidele Oriade and Obianwa Chuba.

In the suit, the prosecution alleged that the accused persons had on or about January 31, 2001 at Lagos State within the jurisdiction of the federal high court, induced Micmerah International Agency Limited, by means of false pretences and with intent to defraud, delivered to themselves through the Citi bank the sum of about N250 million under the guise of being used for offsetting the purported import finance facility.

The prosecution also alleged that the accused persons had on the same date and venue, conspired to commit an offence to wit: to induce Micmerah by means of false pretence and with intent to defraud, to deliver the sum of N55 million to Mikky Dons Nigeria Limited being money meant for payment of Customs Duty on four Volvo Luxury buses and two 40-feet containers imported into Nigeria by the said Micmerah International Agency Limited.

The prosecution further alleged that the accused persons knowingly falsified an affidavit purported to have been sworn to by one Tawa Ibikunle on April, 11 2003 before Lagos State high court justice for the purpose of fraudulently affecting the release of four Volvo luxury buses and two 40-feet containers from Nigeria Customs and Exercise Department.

The accused persons were further charged in count eight for allegedly making forged document, namely Union Bank of Nigeria plc, Customs revenue receipt Nos. CRR: 092802, 092803, 092804, 092805 and 092700 for the sum of N55 million knowing it to be false and with intent that it may be acted upon as genuine and also to defraud Micmerah International Agency Limited and the federal government of Nigeria.

They were also charged for conspiracy to contribute to the economic adversity of the federal government of Nigeria by diverting the sum of N55 million to themselves being money meant for the payment of customs duty in respect of four Volvo luxury buses and two 40-feet containers, property of Micmerah International Agency Limited, adding that they equally obtained the amount by means of false pretences, attempted to evade the payment of same amount into government coffers and conspired to steal and corruptly enrich themselves with the same N55 million.

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Empowering Tomorrow’s Tourism Leaders: Batsumi Travel’s Mission to Bridge the Skills Gap

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Empowering Tomorrow’s Tourism Leaders: Batsumi Travel’s Mission to Bridge the Skills Gap

 

Batsumi Travel Township Tourism Development (BTTTD) Creates Opportunities for Youth in Tourism
In a country where youth unemployment and skills shortages remain pressing challenges, Batsumi Travel Township Tourism Development (BTTTD) is stepping up to make a difference. This innovative initiative aims to bridge the gap between theoretical education and real-world industry experience for high school students studying tourism in South Africa.

 

Recognizing that many young learners in township schools lack access to practical exposure and industry connections, BTTTD provides in-depth knowledge and hands-on training to better prepare students for further studies and employment. Through educational tours, site inspections, and interactive workshops, students gain valuable insights into various sectors of the travel and tourism industry, one of the country’s fastest-growing sectors.

 

Creating Pathways to Employment and Entrepreneurship

 

Beyond education, BTTTD is committed to empowering previously disadvantaged youth by offering internships and mentorship programs. Through strategic partnerships with tourism industry suppliers, the initiative ensures that students engage with real-world professionals, gaining a deeper understanding of career paths in hospitality, travel management, tour guiding, and more.

Empowering Tomorrow’s Tourism Leaders: Batsumi Travel’s Mission to Bridge the Skills Gap

Financial support is also a key component, as Batsumi Travel works with industry partners to provide learnerships, internships, and employment opportunities for graduates of the program. This not only benefits the learners but also uplifts their families and communities, contributing to broader economic growth.

 

Building a Recognized Industry Leader
Batsumi Travel envisions becoming a major role player within the travel industry, offering world-class services in both inbound and outbound travel, concierge services, flight reservations, and visa assistance. With a commitment to quality, transparency, and customer satisfaction, the company ensures that every client experience—whether for business or leisure—is seamless and stress-free.

 

A Call for Collaboration and Support

To sustain and expand this impactful program, BTTTD seeks to strengthen partnerships with tourism stakeholders, calling on suppliers and sponsors to contribute towards the future of South Africa’s tourism workforce. With the right support, this initiative has the potential to shape a new generation of tourism professionals, ensuring the industry continues to thrive.

 

For more information on how to partner with Batsumi Travel or to book travel services, visit www.batsumitravel.co.za or contact [email protected] | +27 64 534 3213.

Batsumi Travel: Turning Dreams into Destinations—For Travelers and Future Tourism Leaders Alike.

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Lisa Sebogodi: The Trailblazer Revolutionizing South African Tourism

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Resilient, Innovative, Unstoppable – Lisa Sebogodi’s Leadership at Batsumi Travel

Lisa Sebogodi, the visionary founder and CEO of Batsumi Travel, has significantly influenced South Africa’s tourism landscape. Established in 2010, Batsumi Travel emerged from Lisa’s ambition to create employment opportunities and establish a lasting legacy for her family.

Lisa Sebogodi: The Trailblazer Revolutionizing South African Tourism

Under her leadership, the company has become a beacon of excellence in the travel, tourism, and hospitality industry. Lisa’s dedication to client satisfaction was recognized when she was honored as the “Most Client-Focused Woman-Owned Travel Agency 2023 – Gauteng” by Acquisition International.

 

The COVID-19 pandemic posed unprecedented challenges to the global tourism sector, and Batsumi Travel was no exception. Lisa’s resilience and innovative strategies were instrumental in reviving the company post-pandemic. Her commitment to excellence and adaptability ensured that Batsumi Travel not only survived but thrived in the aftermath of the crisis.

 

Batsumi Travel offers a comprehensive range of corporate and leisure travel management services, catering to diverse client needs. The company’s dedication to personalized service and attention to detail has garnered a loyal clientele, both locally and internationally.

Lisa’s impact extends beyond her business achievements. She serves as an inspiration to aspiring entrepreneurs, particularly women, demonstrating that with vision and determination, one can overcome challenges and make a significant impact in their industry.

 

Patronizing Batsumi Travel means supporting a company that values client satisfaction, innovation, and resilience. Under Lisa Sebogodi’s leadership, clients are assured of exceptional service tailored to their unique travel needs, contributing to the growth and sustainability of the tourism industry in South Africa and beyond.

 

For more insights into Lisa Sebogodi’s journey and the ethos of Batsumi Travel, you can watch her interview on the Small Business Show:

Lisa Sebogodi: The Trailblazer Revolutionizing South African Tourism

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Abdul Samad Rabiu: The Game Changer Transforming Lives Through BUA Group

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The Master Builder: Abdul Samad Rabiu and the BUA Legacy”

By Femi Oyewale

 

Arguably, Abdul Samad Rabiu, one of Africa’s leading industrialists and philanthropists, has emerged as a transformative force in Nigeria and beyond. Through the BUA Group, Rabiu has not only revolutionized industries but has also dedicated himself to improving lives and fostering economic growth. This article explores how Abdul Samad Rabiu and his BUA Group are reshaping industries and communities, becoming a beacon of hope and progress.

-The Master Builder, Abdul Samad Rabiu and the BUA Legacy

The Rise of BUA Group: A Visionary’s Journey

Founded in 1988, the BUA Group began as a modest trading company, importing and distributing commodities such as rice, edible oils, and flour. Under Rabiu’s visionary leadership, the company evolved into a diversified conglomerate with operations spanning cement, sugar, real estate, steel, ports, and terminals.

Today, BUA Group stands as one of Africa’s largest and most influential industrial enterprises, directly contributing to the continent’s economic development. With a focus on self-sufficiency and reducing import dependency, Rabiu’s initiatives have helped strengthen Nigeria’s position as a manufacturing hub.

Transforming Industries: BUA’s Impact

1. Cement Industry: Building Nations

BUA Cement has become a cornerstone of Nigeria’s construction and infrastructure sectors. The company’s state-of-the-art plants, strategically located in key regions, have significantly boosted local production capacity, reducing reliance on imports. This industrial expansion has led to job creation and infrastructure development, directly impacting millions of lives.

CEMENTING THE FUTURE: HOW BUA AND EDO STATE BUILT A PARTNERSHIP THAT'S TRANSFORMING LIVES By Jerry Wright-Ukwu

2. Sugar Refining: Sweetening Local Economies

Through its sugar plantations and refineries, BUA Group has contributed to Nigeria’s self-sufficiency in sugar production. The company’s backward integration program, which includes developing vast sugarcane plantations, has provided jobs for thousands of Nigerians while reducing the country’s sugar import bill.

3. Agriculture: Feeding the Future

 

Rabiu’s focus on agriculture goes beyond sugar. BUA’s investments in rice milling and other agro-processing industries are addressing food security challenges and empowering smallholder farmers across Nigeria. By leveraging technology and innovation, the company is helping modernize Nigeria’s agricultural landscape.

4. Energy and Infrastructure: Powering Progress

In a nation grappling with energy deficits, BUA Group has invested in power generation to support its operations and contribute to the national grid. The company’s infrastructure projects, including ports and terminals, are enhancing trade efficiency and positioning Nigeria as a key player in global commerce.

The Abdul Samad Rabiu Africa Initiative: Philanthropy at Scale

Rabiu’s commitment to transforming lives extends beyond business. In 2021, he launched the Abdul Samad Rabiu Africa Initiative (ASR Africa) with an initial pledge of $100 million annually for health, education, and social development projects across Africa.

1. Health Sector Interventions

ASR Africa has funded the construction of hospitals, medical research centers, and healthcare facilities in underserved communities. These initiatives aim to improve access to quality healthcare and address systemic challenges in the sector.

2. Education and Capacity Building

Education remains a cornerstone of Rabiu’s philanthropic efforts. From building schools and universities to providing scholarships, ASR Africa is empowering the next generation of leaders and innovators.

3. Social Development

Through strategic partnerships with governments and NGOs, ASR Africa addresses pressing social issues, including poverty alleviation and community development. These projects are designed to create lasting change and promote inclusive growth.

A Legacy of Impact and Inspiration

Abdul Samad Rabiu’s journey from a young entrepreneur to one of Africa’s most influential figures is a testament to his vision, determination, and compassion. Through the BUA Group, he has demonstrated how businesses can drive economic growth while prioritizing social impact.

As he continues to expand his influence, Rabiu’s focus remains steadfast: transforming industries, empowering communities, and creating opportunities for millions. His story serves as an inspiration for aspiring entrepreneurs and a reminder of the power of purposeful leadership.

Abdul Samad Rabiu and the BUA Group represent a transformative force in Africa’s economic and social landscape. By prioritizing sustainability, innovation, and philanthropy, Rabiu is not just changing industries but also improving lives. His work underscores the importance of aligning business success with societal progress, making him a true game changer in every sense of the word.

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