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Banks Absolve Lagos Speaker, Obasa Of Alleged Multiple Accounts

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Officials of Ecobank, Wema Bank and Polaris have absolved the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa of allegation of operating multiple bank accounts in the banks.

Some representatives of the banks spoke before the 9-man House Adhoc Committee on fact finding and investigation on the corruption allegations against Speaker Mudashiru Obasa being circulated on the social media on Friday.

The bank officials stated that it was not possible for an individual to operate multiple accounts with one Bank Verification Number (BVN).

The Committee is headed by Hon. Victor Akande (Ojo Constituency 1).

Present during the meeting were Hon. Rotimi Olowo, Hon. Yinka Ogundimu, Hon. Lukmon Olumoh and Hon. Mojisola Alli-Macaulay.

A Business Development Officer with Wema Bank, Mr. Adekunle Adeleke, said that the BVN server is not reserved with any bank, but the Central Bank of Nigeria (CBN).

“Sahara Reporters stated the account number and other details in their reports, but they didn’t state the BVN. What Sahara Reporters wrote is not BVN. There are a lot of errors in their report.

“The BVN and the accounts stated in the story are not correct and they don’t belong to the Speaker of the Assembly.

“It is not possible for a BVN to have two dates of births. If they do so, it would be rejected in another bank, they would have to swear to an affidavit so that it would be the same.

“If it should be changed, it would be backed up by marriage certificate or sworn affidavit,” he stated.

Adeleke stressed that the companies stated by Sahara Reporters in their reports had no linkage with Rt. Hon. Mudashiru Obasa.

He added that the name, signature and other details in the story has no relationship with Rt. Hon. Mudashiru Obasa.

“You can write Wema Bank to confirm if the accounts mentioned by Sahara Reporters had any relationship with the Speaker.

“The computer system in the bank has a digital footprint that would show any visit to any account. It will show imprint of anyone that checks the account. You can request the details of all the checks, but we will need written request from the owner of the account.

“BVN is a different server, it does not belong to any bank. You cannot punch BVN and get any financial details. It is only the regulator or the anti-corrupion agency that can do so through the CBN,” he said.

Polaris Bank was represented by Mr. Charles Osho and Mr. Rotimi Omotayo, Chief Internal Auditor of the bank.

Mr. Omotayo said that only three of the 64 accounts credited to the Speaker by SaharaReporters were with Polaris Bank.

He revealed that two of the accounts belong to one Mr. Adebayo Adeyemi David, while one belongs to Mr. Ajayi Mudashiru Obasa.

“Mr. Adebayo Adeyemi David is different from Mr. Ajayi Mudashiru Obasa and there is no linkage between the two personalities.

“Rt. Hon. Ajayi Mudashiru Obasa has one account with our bank and the BVN quoted for Obasa is correct. The other person has a separate BVN for the two accounts.

“It is not possible to check someone’s account without authorisation. There is what we call system log. Whoever accesses an account is logged on the system and we can see whoever does that.

“We know those who access any account at any point in time. We can avail you of the information if you require it,” he said.

General Manager of the Lagos State Public Procurement Agency (PPA), Mr. Onafowote Fatai Idowu, who was also invited by the Committee, revealed that the 40 Toyota Corolla back-up cars bought for the 8th Assembly were with the notice of his office and that the purchase followed the due process.

He said that Certificate of Compliance was issued for the procurement of the vehicles on 30th April, 2019.

“We were communicated and we responded for the process to continue and we approved the purchase of the vehicles.

“The purchase of the vehicles was approved by the Management Committee of the House, led by the Speaker Mudashiru Obasa and the relevant documents were provided.

“Members of the Committee were Hon. Wahab Olumuyiwa Jimoh, Hon. Rotimi Olowo, Hon. Dayo Saka-Fafunmi, and Hon. Setonji David. The purchase was budgeted for and It is in tandem with the appropriate Procurement Law,” he said.

The committee subsequently adjourned sitting to Saturday 6th June, 2020 at 10am.

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Lagos State Govt Invade Shops, Confiscate Styrofoams Aka Take Away Packs

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Officials from the enforcement agencies under the Lagos State Ministry of the Environment and Water Resources on Thursday, March 29, intensified the mopping up of banned styrofoam food containers across markets in the state.

Recall that the state government banned the use of Styrofoams in the state in January this year.

Announcing the ban, the state Commissioner for Environment and Water Resources, Tokunbo Wahab, said the decision was reached following the menace the single-use plastics especially the non-biodegradable Styrofoams were causing on the environment.

 

Lagos state govt invade shops, confiscate Styrofoams aka Take Away packs (photos)

 

 

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CBN Pegs Minimum Capital Base For Banks At N500bn, N200bn

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The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion.

A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks emphasised that all banks are required to meet the minimum capital requirement within 24 months commencing from April 1, 2024, and terminating on March 31, 2026.

CBN spokesperson, Hakama Sidi Ali, confirmed the development in Abuja on Thursday.

According to Ali, the new minimum capital base for commercial banks with national authorisation is now ₦200 billion, while the new requirement for those with regional authorisation is ₦50 billion.

The apex bank also disclosed that the new minimum capital for merchant banks would be ₦50 billion, while the new requirements for non-interest banks with national and regional authorisations are ₦20 billion and ₦10 billion, respectively.

The announcement comes just days after CBN Governor, Olayemi Cardoso, urged deposit money banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system.

Last November, Cardoso, who assumed office two months earlier, had said commercial banks in the country would be directed to increase their capital base to service a $1 trillion economy ambition of the President Bola Tinubu administration.

The last time the CBN increased capital base for banks was in 2005, when the current Anambra State Governor, Charles Soludo, was the apex bank chief. Capital base was raised from ₦2bn to ₦25bn.

 

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Okuama Massacre: Military May Place Bounty On Monarch, Others Declared Wanted

“We will do whatever it takes to get these people, even if it means we place a bounty on them, we will do that.”

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The Nigerian Defence Headquarters, DHQ, has revealed plans to place a bounty on those declared wanted over the killing of 17 soldiers in Okuama community, Delta State.

The Director of Defence Media Operations, Major General Buba Edward said the military was fully committed to apprehending all individuals who have been declared wanted.

In a statement, Edward said: “We will do whatever it takes to get these people, even if it means we place a bounty on them, we will do that.”

On March 14, the troops of 181 Amphibious Battalion, Bomadi Local Government Area of Delta State, while on a peace mission to Okuama Community, were ambushed and killed by some irate youths.

The deceased soldiers were buried at the Military Cemetery in Abuja on Wednesday.

Shortly after their burial, the Military declared eight people, including a woman, wanted.

The suspects include: Prof. Ekpekpo Arthur, Andaowei Dennis Bakriri, Akevwru Daniel Omotegbo (a.k.a Amagben), Akata Malawa David, Sinclear Oliki, Clement Ikolo Ogenerukeywe, Reuben Baru, and Igoli Ebi.

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