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‘The Whereabouts Of $43, 449, 947, 000 Seized From Osborne Towers in Ikoyi Cash With CBN’ – Source

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As the probe of the whereabouts of $43, 449, 947, 000 seized from Osborne Towers in Ikoyi deepens, there were indications on Sunday that the cash was deposited with the Central Bank of Nigeria(CBN).

 

It was also learnt that the cash might have been transferred to the Consolidated Revenue Fund (CRF) account of the Federal Government.

But it was unclear if the cash has been spent or returned to the National Intelligence Agency (NIA) which was the original owner.

Neither the Office of the Minister of Finance and Budget Planning nor the Office of the Accountant-General of the Federation was ready to speak on the issues last night.

An official of the apex bank also declined to comment yesterday. He said customer-bank confidentiality will be respected.

The  House of Representatives on Wednesday raised questions about the status of the cash which was recovered by the Economic and Financial Crimes Commission (EFCC).

The Director of Finance and Admin in the Office of the National Security Adviser(ONSA), Brig. General Ja’afaru Mohammed said the office was not in custody of the $43.4m.

The cash was seized in April 2017  from Flat  7B, No. 16 Osborne Road, Osborne Towers in Ikoyi, Lagos.

It was learnt that the intercepted cash was transferred to the CBN vault pending the final forfeiture order by a Federal High Court.

The money was said to have remained in the custody of the CBN until it was finally forfeited to the Federal Government.

A highly-placed source, who spoke in confidence, said: “Upon interception of the $43, 449, 947, 000, it was deposited with the CBN and receipted pending a forfeiture order by the Federal High Court. The CBN has Recovered Funds Account.

“There was no diversion whatsoever. The cash was with the CBN until it was eventually forfeited.

“The House of Representatives should not embark on a wild goose chase. Every movement of the cash was documented.

“From records, about $286million was released to NIA out of which the $43.4million was intercepted in the affected flat.

The source added: “The $1, 658, 000  Flat 7B, No. 16 Osborne Road, Osborne Towers, where the cash was kept has also been forfeited to the Federal Government. Nothing has been done with it.

“I think NIA designed it as a safe house for strategic activities.”

The Director of Finance and Admin in the Office of the National Security Adviser, told the House Adhoc committee that ONSA had nothing to do with the money.

He explained that money recovered from the NIA was about $41 million  which has been returned to the agency on the directive of  President Muhammadu Buhari.

He said “The operation that was carried out at Osborne Towers Ikoyi Lagos was planned and executed by EFCC operatives. ONSA was neither part of the team that recovered the funds nor were the funds handed over to ONSA at any point of the recovery.

“However, for the avoidance of doubt, there were issues of funds belonging to an intelligence outfit that was taken out of the abode and was later returned to the outfit on the directive of Mr. President. Evidence of the deposit of the fund is hereby attached.

“The NIA was under investigation and the President directed that the ONSA should take charge of the place. I was sent there to take charge of the funds of the agency. I went there and counted the money in their vault and it was about $41million .

“We kept that money and after the investigation, the President ordered that the money be returned to the agency. We have returned it to the owners as directed by the President”.

When asked of the status of the cash, a top official of the CBN told The Nation that the apex bank as banker to the government would not divulge the status of any fund to a “third party”.

According to the official, only a court order or a parliamentary request could compel the CBN to disclose the status of such funds.

The CBN he said will maintain bank-customer confidentiality agreement between it and the government it serves.

The federal ministry said “no comments please”

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Opeifa request for the state government to assist the Railway Police and Otti, thanks Tinubu for picking the best material to rewrite Nigeria Railway history

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Gov. Otti describes Opeifa as a thorough-bred professional ready to rewrite Nigeria Railway history
Lauds President Tinubu for picking the best material to reposition Nigeria’s oldest corporation

A deserving commendation came the way of the Managing Director of the Nigerian Railway Corporation, Dr Kayode Opeifa, as the Abia State Governor, His Excellency, Dr. Alex Otti, described him as an exceptional professional, most suitable to lead the Nigeria’s oldest surviving public corporation.

Governor Otti spoke on Wednesday, at the Government House in Abia State, during a business visit by the MD/CEO of the Nigerian Railway Corporation, as part of his familiarization tour of the Eastern District of the Corporation.

According to Governor Otti: “I have had so many engagements with past leaders of the Nigerian Railway Corporation, you are clearly different and knows the job”. He thanked President Bola Ahmed Tinubu for appointing Dr. Opeifa to lead the Nigerian Railway Corporation, expressing assurance at his ability to deliver.

He thanked the MD/CEO for promising to synergize with the Federal Ministry of Transportation, and the State Government to see that the transformation of the transportation system in Umuahia is achieved. According to the Governor, “Umuahia Bus terminal is progressing rapidly and we felt that it is important to replicate what we have in Paignton, United Kingdom in Umuahia, by linking the train station with the Terminal to enhance intermodal transportation services.

The Governor stated that he was very happy to see that the MD/CEO is committed to taking the track from Aba to Enugu and even beyond. He recalled, with nostalgia how the train had served the people of the state and regretted the downward trends of rain services across the entire South East.

On the MD/CEO’s request for the state government to assist the Railway Police in the state, Governor Otti promised that his government will provide mobility for Aba Railway Police.

He added that the state government is always ready to support the Federal Government institutions as users of such federal institutions are people of the state, adding that his administration cannot differentiate between federal and state government workers.

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Airlin Advocacy Commissions Jos Office, Targets 7m Members By Next Elections,Says Mohammed Gamawa

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During the inauguration ceremony, the National Chairman of Airlin, Mohammed Gamawa, delivered a keynote address, emphasizing the organization’s commitment to educating Nigerians on their civic rights and responsibilities.

According to Gamawa, Airlin aims to bridge the gap between citizens and the principles of the rule of law by fostering a society where people understand not only their rights but also what is expected of them by the country.

“Our goal is to foster interaction among Nigerians, promote respect for the rule of law, and ensure citizens know their rights and civic responsibilities — such as voting to elect future leaders not based on materialism but based on integrity and competence,” Gamawa stated.

He added that understanding and exercising one’s franchise, especially during elections, must go hand in hand with being law-abiding and fully aware of civil responsibilities.

As part of its mission, Airlin is currently targeting 19 states in Northern Nigeria, with Jos becoming the 15th state to be commissioned.

The ceremony also featured the appointment of state and local government coordinators who will help drive the organization’s grassroots advocacy efforts.

With a current membership base of 2.1 million Nigerians aged 18 and above, Airlin projects a significant growth trajectory, aiming to reach 7 million members before the next general elections.

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Nothing new in FBI report on Tinubu, says Onanuga

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Senior Special Adviser to the President on Information and Strategy Bayo Onanuga has dismissed a report of a United State (U.S.) court ordering two law enforcement agencies to release information on President Bola Ahmed Tinubu during a “purported federal investigation in the 1990s.”

In a tweet on his verified X handle, Onanuga told those agitated by the directive that there would be nothing revealing in the anticipated report.

In an April 9 ruling, District Court for the District of Columbia Judge, Beryl Howell ordered the Department of State, Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), Drug Enforcement Administration (DEA) and the Central Intelligence Agency (CIA) to release the information to Mr. Allan Greenspan.

The information being sought by Greenspan was classified as “confidential information” generated during a “purported federal investigation in the 1990s.”

Judge Howell said that protecting the information from public disclosure “is neither logical nor plausible.”

Commenting on the ruling, Onanuga said: “There is nothing new to be revealed. The report by Agent Moss of the FBI and the DEA report have been in the public space for more than 30 years. The reports did not indict the Nigerian leader”, Onanuga said yesterday.

He said that counsel to the President have been “examining the ruling”.

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