The Economic and Financial Crimes Commission says the sum of
N27bn, which formed part of the proceeds of the sale of Power
Holding Company of Nigeria, was shared among top government
functionaries in 2014.
The EFCC disclosed this in a court paper filed before the
Federal High Court in Abuja on December 5, 2017.
The total sum of N27,188,232,208.20, allegedly looted by the
named officials was said to be meant for the settlement of the
insurance premiums for disengaged members of staff of PHCN.
Among the top government officials, named in the alleged scam,
were the then Chief of Staff to the then President Goodluck
Jonathan, Brig. Gen. Jones Arogbofa (retd.); the then Accountant
General of the Federation, Mr. Jonah Otunla; and the then Permanent
Secretary in the Ministry of Power, Dr. Godknows Igali.
Others also named in the scam are a cousin to Jonathan, Robert
Azibaola; a former Director-General, Bureau for Public Enterprises,
Mr. Benjamin Dikki; and a former Minister of State for Power,
Mohammed Wakil.
A supporting affidavit, filed alongside the EFCC’s ex parte
application, stated how the money was shared.
The commission alleged that through proxies, Arogbofa got N150m;
Dikki N1bn; Igali, N475m; Otunla N3.6bn; Jonathan’s cousin,
Azibaola, N2.5bn; and Wakil, N118m.
The application alleged that of the total sum of
N27,188,232,208, allegedly misappropriated by the government
officials, the sums of N6,584,785, US$222,000, and N2,028,800,000
worth of shares of Aso Savings Limited had been recovered from the
suspects.
The document, obtained by The PUNCH on Sunday, stated that the
recovered money was being kept in the EFCC’s Recovered Funds
Account domiciled at the Central Bank of Nigeria.
It added that apart from the monetary recovery, 12 houses as
well as two pieces of land, located in Lagos, Ibadan and Abuja, and
which were allegedly bought with proceeds of the loot, had also
been recovered.
The seized properties include two units of four-bedroom detached
duplex (Houses 12 & 14) at Alexander Miller Estate,
Lekki-Lagos; one unit four-bedroom semi-detached terrace duplex
(block C11, Unit 7) at Lekki Garden Estate Paradise 3, Lekki,
Lagos; one unit of four-bedroom semi-detached(House 4b) at Olive
Court, Agodi, GRA, Ibadan, Oyo State; and two units of
three-bedroom flat with one room boys quarters at 6a & b
Ogedengbe Street, Apapa, Lagos.
Others include one unit four-bedroom terrace duplex with one
one-bedroom flat boys quarters (House 23, Flat 6) at Plot
100/101Gudu District, Isa Mohammed Street, Cadastral Zone, B01,
FCT, Abuja; and one unit bedroom detached (House No. D1077) at
House No. D1077 at Brains & Hammers Estate, Apo, Dutse,
Abuja.
They also include one unit six-bedroom detached (House No.D1069)
at house No.D1069 at Brains & Hammers Estate, Apo Dutse, Abuja;
one unit three-bedroom flat (Flat 4A Hyde Tower) at 16a Akin
Olugbade Street, Victoria Island, Lagos; a five-bedroom (detached)
and three-bedroom bungalow both at Plot 145, Tarkwa Close, Wuse II,
Abuja.
The rest are one unit plot of land, measuring 921.26 square
meters at Plot 1086 Cadastral Zone, B10 Daki-Biyu, FCT, Abuja, and
one unit plot of land, measuring 2486.12 square meters at Plot 2317
Nbora District, Cadastral Zone C06 FCT, Abuja.
The commission, by its ex parte application, is seeking orders
of interim forfeiture to the Federal Government of Nigeria” of the
sums of N6,584,785,000.00 and US$222,000.00 “recovered in the
course of investigation and presently in the possession of the EFCC
in its Recovered Funds Account domiciled at the CBN.”
It also seeks the interim forfeiture of “units of ASO savings
shares worth the sum of N2,028,800,000.00 “recovered in the course
of investigation”.
It said the share certificates were “in the possession of the
EFCC.”
The application also seeks an “order of interim forfeiture to
the Federal Government of Nigeria of the properties allegedly
“recovered in the course of investigation from several persons and
bodies and presently under the control of the EFCC (the
applicant).”
The commission is also asking the court to direct the
publication of a notice in any national daily newspaper “inviting
any person(s) or body, who may have interest in the funds and /or
assets/properties to show cause, within 14 days of the publication
of the order of final forfeiture to the Federal Government of
Nigeria, why the said funds and assets/properties forfeiture order
should not be made.”
The commission, through a member of its Special Investigation
Committee, Madaki Yakubu, who deposed to a supporting affidavit,
explained that it received intelligence report concerning the
looted N27bn in August 2016.
The investigating officer explained that the sum of N27bn, which
was part of the proceeds of the sale of PHCN, was released upon a
recommendation by the Bureau for Public Enterprises and
presidential approval, for settlement of insurance premiums for
disengaged staff of the company.
He said the money was released to Great Nigeria Insurance.
He said there were however hiccups that arose in the process of
paying the money to GNI Plc, but instead of returning the money to
the treasury, “some unscrupulous public officials conspired among
themselves and misappropriated the funds.”
He added that investigation revealed “that the funds, less
taxes, which amounted to the sum of N26,236,594,986, was
fraudulently paid to BBIL for further sharing to the conspirators
ostensibly to collate details of beneficiaries, verify their claims
and effect payment of group life and group accident insurance
claim.”
On how the alleged loot was shared, the document stated, “That
in furtherance of the fraudulent scheme, BBIL in turn paid out the
sum of N6bn from the said funds to PJO Ventures Limited, a company
controlled by Cecilia Osipitan, who doubled as the Managing
Director/CEO of GNI Plc.
“That further to paragraph 9 above, the remaining sum of N20bn
was further shared by BBIL amongst individuals and corporate bodies
who acted as proxies and nominees of top government functionaries
while BBIL also retained a part of the proceeds of unlawful
activity for itself.
“That investigation further revealed that the details of the
beneficiaries of the fraudulent sharing and criminal
misappropriation of the public funds are as follows:
“Sunrise Estate Development Limited, a company controlled by one
Sami A. Jaoude, fraudulently received the sum of N150m out of the
funds from the account of BBIL on behalf of Brig. Gen. Arogbofa
(retd.), the Chief of Staff to the then President Goodluck
Jonathan, for development of a personal property.
“Kebna Studios & Communication Limited, a company in which
Mr. Benjamin Ezra Dikki, the then DG of BPE, has interest,
fraudulently received the sum of N1bn out of the funds by the order
of BIBL.
“Cheltenham Investment Services Limited, controlled by one
Ifeyinwa Umunnakwe Okeke, fraudulently received the sum of N475m
out of the funds from the account of BBIL, ostensibly to invest on
behalf of Dr. Godknows Igali, the then Permanent Secretary of the
Ministry of Power.
“WESAC Farms Limited and five other companies, all linked to
Otunla Jonah, then Accountant General of the Federation,
fraudulently received the sum of N3.6bn out of the funds from BBIL
and used the sum of N2.0288bn to purchase Aso Savings’ shares in
the name of LAVAGRE Y Limited.
“Sentinel Investment & Property Limited fraudulently
received the sum of N45m also from BBIL out of the misappropriated
funds.
“KAKARTA CE Limited and its promoter, one Robert Azibaola,
fraudulently received the sum of N2.5bn out of the funds from
BBIL.
“Carozzeria Nig. Limited and Pikat Properties Limited, both
controlled by the then Minister of State for Power, Mohammed Wakil,
fraudulently received the respective sums of N118m and N30m from
BBIL out of the misappropriated funds.
“Nathan Christopher Construction Limited received the sum of
N475m from BBIL out of the misappropriated funds on the pretext of
a loan.”
The commission stated that the funds” paid in favour of the
respective beneficiaries thereof, represent proceeds of unlawful
activity, to wit criminal conspiracy, criminal breach of trust,
criminal misappropriation and abuse of office by the public
officers involved on one hand, and the unlawful act of obtaining by
false pretences, receiving stolen property and money laundering by
the companies involved and their promoters on the other hand.”
It added, “In the course of investigation, the public officials,
representatives and management of some of the beneficiary companies
surrendered the properties listed as items No. 5, 6, 7, 8, 9, 10,
11 & 12 in the schedule to the Motion on Notice, and refunded
various amounts of money in Naira and US Dollars (the total of each
is stated on the Motion paper) to the Recovered Funds Account of
the EFCC domiciled at the Central Bank of Nigeria.
“That further to paragraphs 12 & 13 above, in the course of
our investigation, we discovered that the properties listed as
items No. 1, 2, 3 & 4 in possession of PJO Ventures Limited,
were substantially purchased with the proceed of unlawful
activities of the company and its promoters as stated in paragraph
9 above.
“That further to paragraphs 11(d) & 12 above, the boards of
Aso Savings Limited and Lavagrey Development Company Limited have
respectively passed separate resolutions surrendering and
forfeiting to the Federal Government of Nigeria the said shares
purchased with the proceeds of unlawful activity.
“That further to the foregoing paragraphs, I know as a fact that
the recovered funds are proceeds of the stated unlawful activities
and/or unclaimed properties, and that it is desirable and in the
interest of justice to grant our prayers.”
Jonathan’s ex-Chief of Staff has been invited, cleared
–Aide
Meanwhile, a spokesman for Arogbofa said the ex-chief of staff
had been invited by the EFCC and cleared.
The spokesman, who spoke on condition of anonymity, said it was
Igali that handled all the affairs of the Ministry of Power.
He said, “Mr. Arogbofa was invited by the EFCC last year and he
explained everything he knew. Igali and his people were the ones
running the entire power ministry.
“When the EFCC saw that he (Arogbofa) was innocent, they let him
go. As I speak to you, he is out of the country because he is no
longer on the EFCC radar. You can call his lawyer, Mr. Kayode
Ajulo, for more details.”
However, attempts to speak with Ajulo on Sunday proved abortive
as his telephone indicated that it was switched off.
I know nothing about that, says Igali
When contacted on the EFCC’s allegations against him as touching
the N27bn allegedly shared proceeds, Igali, who was the former
permanent secretary of the power ministry, told one of our
correspondents that he was not aware of the case.
Igali, who claimed to be ignorant of the matter, requested to
know when the court paper was filed.
When told that the paper was filed on December 5, 2017, at the
Federal High Court in Abuja, he replied, “I don’t know anything
about that.”
Attempts to speak with the former DG of BPE, Mr. Benjamin
Filling, proved abortive as calls to his mobile rang out.
He had yet to respond to a text message sent to his mobile line
as of the time of going to press.
The Economic and Financial Crimes Commission says the sum of
N27bn, which formed part of the proceeds of the sale of Power
Holding Company of Nigeria, was shared among top government
functionaries in 2014.
The EFCC disclosed this in a court paper filed before the
Federal High Court in Abuja on December 5, 2017.
The total sum of N27,188,232,208.20, allegedly looted by the
named officials was said to be meant for the settlement of the
insurance premiums for disengaged members of staff of PHCN.
Among the top government officials, named in the alleged scam,
were the then Chief of Staff to the then President Goodluck
Jonathan, Brig. Gen. Jones Arogbofa (retd.); the then Accountant
General of the Federation, Mr. Jonah Otunla; and the then Permanent
Secretary in the Ministry of Power, Dr. Godknows Igali.
Others also named in the scam are a cousin to Jonathan, Robert
Azibaola; a former Director-General, Bureau for Public Enterprises,
Mr. Benjamin Dikki; and a former Minister of State for Power,
Mohammed Wakil.
A supporting affidavit, filed alongside the EFCC’s ex parte
application, stated how the money was shared.
The commission alleged that through proxies, Arogbofa got N150m;
Dikki N1bn; Igali, N475m; Otunla N3.6bn; Jonathan’s cousin,
Azibaola, N2.5bn; and Wakil, N118m.
The application alleged that of the total sum of
N27,188,232,208, allegedly misappropriated by the government
officials, the sums of N6,584,785, US$222,000, and N2,028,800,000
worth of shares of Aso Savings Limited had been recovered from the
suspects.
The document, obtained by The PUNCH on Sunday, stated that the
recovered money was being kept in the EFCC’s Recovered Funds
Account domiciled at the Central Bank of Nigeria.
It added that apart from the monetary recovery, 12 houses as
well as two pieces of land, located in Lagos, Ibadan and Abuja, and
which were allegedly bought with proceeds of the loot, had also
been recovered.
The seized properties include two units of four-bedroom detached
duplex (Houses 12 & 14) at Alexander Miller Estate,
Lekki-Lagos; one unit four-bedroom semi-detached terrace duplex
(block C11, Unit 7) at Lekki Garden Estate Paradise 3, Lekki,
Lagos; one unit of four-bedroom semi-detached(House 4b) at Olive
Court, Agodi, GRA, Ibadan, Oyo State; and two units of
three-bedroom flat with one room boys quarters at 6a & b
Ogedengbe Street, Apapa, Lagos.
Others include one unit four-bedroom terrace duplex with one
one-bedroom flat boys quarters (House 23, Flat 6) at Plot
100/101Gudu District, Isa Mohammed Street, Cadastral Zone, B01,
FCT, Abuja; and one unit bedroom detached (House No. D1077) at
House No. D1077 at Brains & Hammers Estate, Apo, Dutse,
Abuja.
They also include one unit six-bedroom detached (House No.D1069)
at house No.D1069 at Brains & Hammers Estate, Apo Dutse, Abuja;
one unit three-bedroom flat (Flat 4A Hyde Tower) at 16a Akin
Olugbade Street, Victoria Island, Lagos; a five-bedroom (detached)
and three-bedroom bungalow both at Plot 145, Tarkwa Close, Wuse II,
Abuja.
The rest are one unit plot of land, measuring 921.26 square
meters at Plot 1086 Cadastral Zone, B10 Daki-Biyu, FCT, Abuja, and
one unit plot of land, measuring 2486.12 square meters at Plot 2317
Nbora District, Cadastral Zone C06 FCT, Abuja.
The commission, by its ex parte application, is seeking orders
of interim forfeiture to the Federal Government of Nigeria” of the
sums of N6,584,785,000.00 and US$222,000.00 “recovered in the
course of investigation and presently in the possession of the EFCC
in its Recovered Funds Account domiciled at the CBN.”
It also seeks the interim forfeiture of “units of ASO savings
shares worth the sum of N2,028,800,000.00 “recovered in the course
of investigation”.
It said the share certificates were “in the possession of the
EFCC.”
The application also seeks an “order of interim forfeiture to
the Federal Government of Nigeria of the properties allegedly
“recovered in the course of investigation from several persons and
bodies and presently under the control of the EFCC (the
applicant).”
The commission is also asking the court to direct the
publication of a notice in any national daily newspaper “inviting
any person(s) or body, who may have interest in the funds and /or
assets/properties to show cause, within 14 days of the publication
of the order of final forfeiture to the Federal Government of
Nigeria, why the said funds and assets/properties forfeiture order
should not be made.”
The commission, through a member of its Special Investigation
Committee, Madaki Yakubu, who deposed to a supporting affidavit,
explained that it received intelligence report concerning the
looted N27bn in August 2016.
The investigating officer explained that the sum of N27bn, which
was part of the proceeds of the sale of PHCN, was released upon a
recommendation by the Bureau for Public Enterprises and
presidential approval, for settlement of insurance premiums for
disengaged staff of the company.
He said the money was released to Great Nigeria Insurance.
He said there were however hiccups that arose in the process of
paying the money to GNI Plc, but instead of returning the money to
the treasury, “some unscrupulous public officials conspired among
themselves and misappropriated the funds.”
He added that investigation revealed “that the funds, less
taxes, which amounted to the sum of N26,236,594,986, was
fraudulently paid to BBIL for further sharing to the conspirators
ostensibly to collate details of beneficiaries, verify their claims
and effect payment of group life and group accident insurance
claim.”
On how the alleged loot was shared, the document stated, “That
in furtherance of the fraudulent scheme, BBIL in turn paid out the
sum of N6bn from the said funds to PJO Ventures Limited, a company
controlled by Cecilia Osipitan, who doubled as the Managing
Director/CEO of GNI Plc.
“That further to paragraph 9 above, the remaining sum of N20bn
was further shared by BBIL amongst individuals and corporate bodies
who acted as proxies and nominees of top government functionaries
while BBIL also retained a part of the proceeds of unlawful
activity for itself.
“That investigation further revealed that the details of the
beneficiaries of the fraudulent sharing and criminal
misappropriation of the public funds are as follows:
“Sunrise Estate Development Limited, a company controlled by one
Sami A. Jaoude, fraudulently received the sum of N150m out of the
funds from the account of BBIL on behalf of Brig. Gen. Arogbofa
(retd.), the Chief of Staff to the then President Goodluck
Jonathan, for development of a personal property.
“Kebna Studios & Communication Limited, a company in which
Mr. Benjamin Ezra Dikki, the then DG of BPE, has interest,
fraudulently received the sum of N1bn out of the funds by the order
of BIBL.
“Cheltenham Investment Services Limited, controlled by one
Ifeyinwa Umunnakwe Okeke, fraudulently received the sum of N475m
out of the funds from the account of BBIL, ostensibly to invest on
behalf of Dr. Godknows Igali, the then Permanent Secretary of the
Ministry of Power.
“WESAC Farms Limited and five other companies, all linked to
Otunla Jonah, then Accountant General of the Federation,
fraudulently received the sum of N3.6bn out of the funds from BBIL
and used the sum of N2.0288bn to purchase Aso Savings’ shares in
the name of LAVAGRE Y Limited.
“Sentinel Investment & Property Limited fraudulently
received the sum of N45m also from BBIL out of the misappropriated
funds.
“KAKARTA CE Limited and its promoter, one Robert Azibaola,
fraudulently received the sum of N2.5bn out of the funds from
BBIL.
“Carozzeria Nig. Limited and Pikat Properties Limited, both
controlled by the then Minister of State for Power, Mohammed Wakil,
fraudulently received the respective sums of N118m and N30m from
BBIL out of the misappropriated funds.
“Nathan Christopher Construction Limited received the sum of
N475m from BBIL out of the misappropriated funds on the pretext of
a loan.”
The commission stated that the funds” paid in favour of the
respective beneficiaries thereof, represent proceeds of unlawful
activity, to wit criminal conspiracy, criminal breach of trust,
criminal misappropriation and abuse of office by the public
officers involved on one hand, and the unlawful act of obtaining by
false pretences, receiving stolen property and money laundering by
the companies involved and their promoters on the other hand.”
It added, “In the course of investigation, the public officials,
representatives and management of some of the beneficiary companies
surrendered the properties listed as items No. 5, 6, 7, 8, 9, 10,
11 & 12 in the schedule to the Motion on Notice, and refunded
various amounts of money in Naira and US Dollars (the total of each
is stated on the Motion paper) to the Recovered Funds Account of
the EFCC domiciled at the Central Bank of Nigeria.
“That further to paragraphs 12 & 13 above, in the course of
our investigation, we discovered that the properties listed as
items No. 1, 2, 3 & 4 in possession of PJO Ventures Limited,
were substantially purchased with the proceed of unlawful
activities of the company and its promoters as stated in paragraph
9 above.
“That further to paragraphs 11(d) & 12 above, the boards of
Aso Savings Limited and Lavagrey Development Company Limited have
respectively passed separate resolutions surrendering and
forfeiting to the Federal Government of Nigeria the said shares
purchased with the proceeds of unlawful activity.
“That further to the foregoing paragraphs, I know as a fact that
the recovered funds are proceeds of the stated unlawful activities
and/or unclaimed properties, and that it is desirable and in the
interest of justice to grant our prayers.”
Jonathan’s ex-Chief of Staff has been invited, cleared
–Aide
Meanwhile, a spokesman for Arogbofa said the ex-chief of staff
had been invited by the EFCC and cleared.
The spokesman, who spoke on condition of anonymity, said it was
Igali that handled all the affairs of the Ministry of Power.
He said, “Mr. Arogbofa was invited by the EFCC last year and he
explained everything he knew. Igali and his people were the ones
running the entire power ministry.
“When the EFCC saw that he (Arogbofa) was innocent, they let him
go. As I speak to you, he is out of the country because he is no
longer on the EFCC radar. You can call his lawyer, Mr. Kayode
Ajulo, for more details.”
However, attempts to speak with Ajulo on Sunday proved abortive
as his telephone indicated that it was switched off.
I know nothing about that, says Igali
When contacted on the EFCC’s allegations against him as touching
the N27bn allegedly shared proceeds, Igali, who was the former
permanent secretary of the power ministry, told one of our
correspondents that he was not aware of the case.
Igali, who claimed to be ignorant of the matter, requested to
know when the court paper was filed.
When told that the paper was filed on December 5, 2017, at the
Federal High Court in Abuja, he replied, “I don’t know anything
about that.”
Attempts to speak with the former DG of BPE, Mr. Benjamin
Filling, proved abortive as calls to his mobile rang out.
He had yet to respond to a text message sent to his mobile line
as of the time of going to press.
Read more https://nairalaw.com/jonathans-officials-cousin-shared-n27bn-proceeds-of-phcn-sale-efcc/