By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: Osinbajo, House at war over N2.5b fraud, as Presidency uncovers plot to frame Vice President
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
News

Osinbajo, House at war over N2.5b fraud, as Presidency uncovers plot to frame Vice President

April 15, 2018 9:52 am
The Capital
Share
SHARE

The Presidency is not taking kindly to a recent invitation by the House of Representatives to Vice President Yemi Osinbajo to appear before an ad hoc committee.

The Ali Isa-led committee wants Osinbajo to appear before it on why six directors of NEMA, who were implicated in a N2.5billion fraud, were suspended.

The Presidency, our correspondent gathered last night, considers the invitation an affront to its anti-corruption campaign and a plot to frame up Osinbajo ahead of the 2019 polls.

Sources hinted that Osinbajo may not appear before the House Ad Hoc Committee.

The VP statutorily heads the Governing Board of NEMA which, about a week ago, suspended six directors of the agency following a report from the Economic and Financial Crimes Commission (EFCC).

The affected directors are the Director of Finance and Accounts, Akinbola Hakeem Gbolahan; Ag. Director, Special Duties, Mr. Umesi Emenike;  Director, Risk Reduction, Mallam Alhassan Nuhu; Pilot in-charge Air Ambulance and Aviation Unit, Mr. Mamman Ali Ibrahim; the Chief Maintenance Officer, Mr. Ganiyu Yunusa Deji; and the Director of Welfare, Mr. Kanar Mohammed.

An investigation by The Nation revealed that the Presidency was shocked by the decision of the committee to summon the Vice President over the suspension of the directors.

It suspects that the move could be a smokescreen to frame him up ahead of next year’s polls.

“The Presidency felt slighted by the attitude of the Ad Hoc committee to the Vice President when it is obvious that the suspension of the directors was based on an investigation conducted by the EFCC,” a well placed source said.

See also  Pandora Papers: Law Firm Writes CCB, Demands Prosecution of Peter Obi

“It is more irritating to the government that the suspended employees went to report their employer (the Board of NEMA) to the Ad Hoc Committee of the House.

“The Presidency sees the directors’ action as an attempt to use the House to cover up their tracks. This is a case of corruption fighting back.

“This is the same VP that has been in the vanguard of smothering the fragile relationship between the Executive and the Legislature.

“Ordinarily, the VP enjoys constitutional immunity and if there was no more to the issue, the Ad Hoc Committee should not have summoned Osinbajo.”

The government source said the VP might not appear before the Ad Hoc Committee because a pre-determined agenda is being suspected by the presidency.

“There is a strong suspicion that some forces are hell bent to rubbish the Vice President ahead of 2019 polls,” the source said.

“The VP personally felt slighted from the security reports available to him.”

The EFCC had submitted a March 1, 2018 report on alleged fraud in NEMA to the Vice President.

According to the EFCC, the  investigation bordered on “alleged case of conspiracy, abuse of office, misappropriation and diversion of public funds reported to the office of the Vice-President, Federal Republic of Nigeria against the former Director General of the National Emergency Management Agency (NEMA)  and others forwarded to the commission for discreet investigation.”

Some of the alleged sharp practices uncovered by the EFCC are:

Whereabouts of N166m out of N285m realized from the commercialization of NEMA’s air ambulance;

See also  Geregu Power Reports N30.2billion Profit, Up By 145% in 6 Months

Alleged short-change of Federal Inland Revenue Service (FIRS) with N354, 900, 105. 24

N238million NEMA cash placed in Fixed Deposit by a director

Interest on Fixed Deposit diverted single-handedly by a director

Some directors have about 5 to 20 accounts

NEMA funds moved into personal accounts of directors

Frivolous emoluments claims that were wrongly processed by Directors and some officials of the agency.

About N66m out of N280m meant for displaced traditional rulers in the Northeast still unaccounted for

Curious deposit of suspicious funds into domiciliary accounts of top directors

The report says in part: “From the investigation carried out so far, officials could not account for funds transferred from NEMA account to their personal accounts.

“Moreover, the funds were being withdrawn in cash and in some cases transferred to family members. Also, it was discovered that some of these funds were placed in fixed deposit; while both the principal and interest were withdrawn in cash by the depositor.

“Furthermore, the issue of companies incorporated by the officials of NEMA who are Public Servants is against the Public Service Rules. This is more so as the companies are active and still receiving funds in some cases from NEMA.

“There were frivolous emoluments claims that were wrongly processed by Directors and some officials of the agency.

“Against this background, EFCC is of the opinion that placing the officials involved under suspension will assist the successful completion of our investigation.

“This is the only way the commission can have unfettered access to all the necessary documents that will aid our investigation. It is therefore recommended that the Officials who are already indicted in the case be placed on suspension pending the conclusion of the investigation.

See also  Bawa To Bankers: Asset Declaration Now A Must, Says Role Of Financial Institutions In Crime Worrisome

“The aspect of fake IDP camps and relief materials are still being investigated.  Investigation is still on-going and further developments will be communicated.”

You Might Also Like

VIDEO: ‘I Didn’t Kill Super TV CEO’, Chidinma Makes U-Turn
NDLEA Arrests Saudi-Bound Widow With Cocaine In Footwears At Lagos Airport
Laundering $2m: EFCC arrests Atiku’s lawyer
Why A Woman Should Not Be Older Than A Man In Marriage – Reno Omokri
Unfavourable unaudited results: Sell pressure takes toll on Skye Bank, other
Share This Article
Facebook Email Print

BREAKING: Fresh Crisis as 34 ADC Aspirants Resign; Announce New Party

The internal crisis in the African Democratic Congress (ADC) in Katsina State…

BREAKING: INEC Releases Final List of Parties, Candidates for Elections

The Independent National Electoral Commission (INEC) has released a list of candidates…

BREAKING: Filling Stations Adjust Petrol Prices Again as New Landing Cost Emerges

Fresh petrol depot prices have emerged across Nigeria as marketers adjust to…

BREAKING: Court Takes Fresh Action on APC Primaries

The Federal High Court sitting in Gusau, the Zamfara State Capital, has…

BREAKING: Africa’s Second Richest Billionaire, Abdulsamad Rabiu, Acquires Multi-Billion Naira Global 8000 Private Jet

Success has a way of announcing itself, and in the case of…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

$20m bribe: Indicted firm, 21 others apply for contract from govt

October 12, 2017
Why Osimhen Is Giving Chelsea Sleepless Nights
News

Transfer Bombshell: Why Osimhen Won’t Join Chelsea Even With Highest Earning Salary; Two Likely EPL Clubs To Sign Him Revealed

January 21, 2025

Bishop Oyedepo Reacts To Reopening Of Worship Centres, Says God Will ‘Humiliate’ Pandemic

May 23, 2020

Poisoned Chalice! Trouble in MTN As Nigerian Banks Yank off Their USSD, Airtime Purchase,Other Online Services

April 2, 2021

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?