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PDP crisis: Shock, disbelief as fraud allegations unsettle Ayu, Atiku

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Amidst weighty allegations of corruption hovering around his office, the National Chairman of the Peoples Democratic Party, PDP, Chief Iyorchia Ayu is expected back to Nigeria today, Friday.

However, unlike when he departed the country to Europe with fanfare, that may not be said of his return trip as he is coming back to face a court of public opinion, with his colleagues in the National Working Committee, NWC, of the PDP making shocking revelations.

Barely one week ago, Governor of Rivers State, Nyesom Wike in what appears to be blowing the lead, had accused Ayu of engaging in corrupt practices.

However, not many took Wike’s allegations seriously, considering his long drawn war with the chairman ever since the party conducted its presidential primary election, which Wike lost to Alhaji Atiku Abubakar.

Wike, answering questions from journalists, alleged that Ayu received N1 billion from one of the presidential hopefuls in the party.

He went further to say that Ayu is corrupt, and that the chairman cannot deny that he received the money but refused to remit it to the party’s account.

“Ayu is very corrupt. I’m totally informed. Ayu has the opportunity to challenge me, I will name the person.

“Some of the governors can tell you. Will he deny the fact that he didn’t collect N1 billion from Lagos? Let him deny it, I will tell him who gave him the money not from the Lagos state government, the money was given to him in Lagos.

“He met one of the presidential candidates and told him that he’s not sure these governors may want to sponsor the party.

“That money did not enter into the account of PDP, but we are not attacking Ayu on that basis.”

That was a strong cannon shot from Wike but no reply came from Ayu who has been outside the country.

However, while Nigerians were still expecting Ayu to react to the grave allegations, more can of worms were opened on Thursday, with at least four members of the Ayu-led NWC rejecting suspicious money paid into their accounts.

The money totalling over N122 million has already been returned to the PDP account, with each of the recipients dropping a note for Ayu.

Those who returned the money included the National Vice Chairman (South-West) Olasoji Adagunodo, the Deputy National Chairman (South) Taofeek Arapaja; National Vice Chairman (South), Chief Dan Orbih and National Women Leader, Prof. Stella Affah-Attoe.

Details in their letters show that Arapaja got N36 million, Adagunodo, Orbih and Effah-Attoe got N28.8 million each.

Orbih, in the letter he addressed to Ayu said, “My attention has been drawn to a damaging trending story reported in THE NATION Newspaper by Yusuf Alli on September 26, 2022 titled ‘Disquiet in PDP NW over N10 billion nomination fees.’ Amongst several other allegations, he alleged that members of the NWC were offered N28 million to gloss over scandalous financial misappropriation.

“To my shock and surprise, it has been confirmed to me by my bank that the sum of N28, 800,000. (Twenty-eight million eight hundred thousand Naira) has been credited to my account by the party. I hereby notify you of my decision to pay back the money to the party’s account.

“Kindly confirm receipt of Zenith Bank Manager’s cheques of: N10,000,000, N10,000,000, N8,800,000 TOTAL = N28,800,000 to the Party’s account. A/C: 1000095003, Globus Bank PLC.”

DAILY POST reports that other members of the NWC wrote similar letters to Ayu, indicating their rejection of the questionable fund.

One of them, Effah-Attoe said upon enquiry, she was told the money was meant for her two-year rent.

She, however, said phone calls from party members, friends, family members and the general public, were suggestive that the money was a bribe “to bring me and other NWC members on the side of The National Chairman, following the crisis between him on one side and the Governor of Rivers State, H.E Governor Nyesom Wike/ Wike’s Group on the other side.”

The development is said to have unsettled the PDP top hierarchy, including the camp of the presidential candidate, Atiku Abubakar, who see the unfolding events as not good for the party, especially with the commencement of campaigns.

“Remember that one of the reasons the party was voted out in 2015 was owing to monumental corruption in governance; now this is happening.

“The feeling everywhere is that Wike has been proved right; there is disquiet everywhere.

“This is happening at a very bad time because it will be difficult for the party to go and talk to the electorates about anti-corruption when its house is tainted with several unresolved fraud allegations.

“Frankly, most of the party leaders are in shock over this development and the most honourable thing for the national chairman to do now is to resign. This is no longer about Wike. If Ayu has the interest of the party at heart, he should just give way.

“There is no way he can lead the party into a general election with this kind of baggage; it will be difficult to clean this mess before the election,” the top party source said.

As of the time of filing this report, there is still graveyard silence from the PDP leadership over these allegations.

Resign, hand yourself over to EFCC – HURIWA to Ayu

Meanwhile, a civil rights activist, Comrade Emmanuel Onwubiko, National Coordinator of the Human Right Writers Association of Nigeria, HURIWA, has said the happenings in the PDP was an indication that the party had not changed from its old ways.

Onwubiko told DAILY POST that the right thing was for Ayu to resign and surrender himself to the Economic and Financial Crimes Commission, EFCC.

According to him, “The corruption unearthed in the hierarchy of the Peoples Democratic Party, PDP, as disclosed by some notable leaders and members of the National Executive Committee of the party who refunded humongous bribes paid into their account allegedly by Iyorchia Ayu shows that it is difficult for a Leopard to change its colour.

“Both the PDP and the All Progressives Congress are twin evils because in both of their leaderships there is total absence of accountability and transparency and this is because of how the Chairmen of these parties emerged through corrupt means.

“PDP Chairman should do his party the favour of resigning and handing himself over to the Economic and Financial Crimes Commission, EFCC, for investigation and possible prosecution.

“It is a crying shame that the PDP that ought to work hard to convince voters about its determination to push out the absolutely corrupt and power drunk government of President Muhammadu Buhari is itself weakened by avarice, greed and corruption.

“It’s a big opportunity for voters in Nigeria to be determined to sack both the PDP and the APC.”

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I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court

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A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.

The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.

Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.

According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.

He said he subsequently took the money to the office of the then Director-General.

“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.

The witness explained that he collected the bag from his aide before entering the office.

“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”

The witness was initially a defendant in the case but later opted to testify for the prosecution.

While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.

According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.

He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.

“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.

During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.

When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”

After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.

The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.

Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.

They pleaded not guilty to the offences.

The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.

According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.

Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.

The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.

One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.

 

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CBN Bars Chronic Loan Defaulters from Accessing New Banking Services

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The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).

This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.

This order is specifically targeted at large-ticket obligors.

The CBN issued the directive in a circular to banks on Monday.

The latest instruction comes almost a week after the CBN asked financial institutions to stress test.

It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.

“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.

“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.

“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”

 

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Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

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Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.

Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.

He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.

“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.

“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?

“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.

“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.

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