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‘What I Told President Muhammadu Buhari’ -Dele Momodu

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Fellow Nigerians, let me confess that in over 30 years of writing no President has ever reacted directly or positively to my constant admonitions, lamentations or commendations. Rather, most of the time, their aides, cronies and acolytes used to fire darts and barbs at us from every direction. We were called unprintable names that our parents did not give us and by now we are so used to being abused and harassed by those who can never learn useful lessons from the past. You can thus fathom a guess as to how I must have felt when Femi Adesina’s call sneaked in on me like a thief in the night.

I had written an article titled “A Desperate Memo to President Buhari” in which I tried to let the President feel the pulse of the people, especially those who felt he was being too sluggish about running the affairs of state. This memo to the President came on the heels of an earlier intervention titled “In Search of Patience” which unfortunately failed to achieve its objective. My mission had been to persuade my fellow citizens about giving the President some time to settle in before they start complaining about the pace and tempo of governance. I soon realised that rather than the dust settling down matters actually got exacerbated. In the desperate memo, I then attempted to tell the President some home truth about the things he could do urgently and without much ado. I took that chance because of the fact that I knew him to be a voracious reader of news, especially if it pertained to him. The gamble certainly paid off.

The President and his key aides read the “Desperate memo” which had gone viral. A particular online newspaper chose to sensationalise and slant the story in a manner I never intended or envisaged. Their version was garnished with salt and pepper by exhuming an old picture of mine in which I had cried for my mentor, Chief Moshood Abiola, and it was now tilted and titled “Dele Momodu Weeps for President Buhari”. If the idea was to draw a wedge between me and the Presidency, it actually backfired and failed woefully to paint me as someone who has dumped President Buhari within weeks of attaining power. One influential man in the Presidential villa, Nura Rimi, actually saw the post and felt sufficiently alarmed that a key supporter like me should not be allowed to turn his back on the Presidency. He mentioned his fears to Special Adviser Media, Femi Adesina, a childhood friend and brother from our early days at Ife. They decided to intimate the President on the necessity to reach out to me immediately. The President gave his instant approval.

I was away from the country when I received Femi Adesina’s call. My initial reaction before answering was that he was going to complain and grumble like most of his predecessors who only called whenever they felt you had written an unsavoury piece about their principal. At the very best, they would engage you in meaningless rigmarole, or issue veiled threats, by accusing you of being paid by their enemies. But Femi was refreshingly different. After exchanging pleasantries, he said “Bob Dee, the President would want to have a one-on-one meeting with you after reading your latest article.” The message sounded too unusual to be true because I had always seen Nigerian Presidents as the most unreachable human beings on earth. I told Femi I would be more than happy to head back to Nigeria to meet a man who has restored hope and dignity to every Nigerian.

The only problem was how to find a slot to squeeze me into the President’s over-tight schedule. I waited for about a week without an appointment and then suddenly I got a text from State Protocol: “Good morning sir. A window for you to see Mr President on Wednesday 15th July between 14.45 and 15.00hrs in his office has been created. Kindly note accordingly… SCOP” A similar text was also forwarded to me from Femi. I was pleasantly surprised when I received a written notice of audience from Permanent Secretary, State House, Engineer Nebolisa O. Emodi. Subsequent follow-up calls were made to my Lagos office as reminders to me.

The level of professionalism and efficiency displayed was commendable. It was a radical departure from the past when I met a previous Nigerian President in London and was invited to meet him in Abuja. I came for the appointment at the scheduled time but was unable to see him for days. The Chief Security Officer at the time was not so friendly. He took me into his office and lectured me on all the no-go areas of discussion in the Presidential Villa, which rendered my visit totally useless.

The Aso Rock I returned to last Wednesday was virtually transfigured. All the security checks were professionally handled. The guys were strict but friendly about it. Some even joked about following me on social media. In a matter of minutes, I was welcomed into Femi Adesina’s office by Senior Special Assistant, Media and Information, Garba Shehu. It was a happy reunion for the three of us old friends and I felt very much at home. I told Femi I wanted to pay courtesy call on the State House correspondents before meeting the President. I always give priority to my colleagues no matter how junior and went round shaking hands with most of those on duty. I promised to address them after meeting the President.

The day was made extra-special by the presence of the iconic diplomat and former Secretary-General of The Commonwealth, Chief Emeka Anyaoku, whose appointment to see the President was just ahead of mine. A great fan of my column, he came into the waiting lounge and he spoke for a couple of minutes with Femi and I. He inspired me as usual with his oratorical skills. “Dele, I continue to read your column with relish” he said matter-of-factly!

Thereafter, I was soon invited to climb the stairs leading to the President’s office. Since there was no prior agenda sent about the topic of discussion, I had visualised the likely scenario and rehearsed accordingly. I also jotted down some salient points because I was determined to maximise the 15 minutes allotted to me without overstaying my welcome. For me, it was a rare honour and privilege to sit down all by myself with the President of Africa’s greatest nation. It was important to pour out the boisterous content of my soul in a jiffy.
As time ticked away while I waited, I engaged myself in an interior monologue, otherwise known as stream-of-consciousness in Literary Appreciation. Then came the appointed time and I was ushered into the President’s room. I was stunned to see the President already waiting for me by the door. Though we had met on two previous occasions, I didn’t quite know how this particular meeting was going to pan out because on those occasions he was still a co-contestant at first and an aspirant/candidate on the latter visit in London.

I’ve met several Presidents in and out of power but the aura is never the same. The Buhari I met at his holiday apartment in London about four months ago, after his speech at Chatham House, was not the Buhari I met and discussed with last Wednesday. The new Buhari has the power to do and undo. As the aphorism goes, he can turn a certified and certificated pauper into an instant billionaire with a mere stroke of the pen, and vice versa. More importantly, the destiny of nearly 200 million complex beings resides within his palms. Yet here was the powerful man himself welcoming and leading me to a chair very close to him.

President Buhari fired the first shot right from the second I walked through the door: “Let me tell the truth that I was forced to see you by your friends here…” Wow, he would rather give credit to his aides. That was uncommon in our clime. The President was not yet done on the issue because as soon as I sat down, he fired another salvo: “I don’t know if I should tell you this but I suspect Femi is working for you!” and we both exploded raucously. I’m loving this man more and more, I told myself. By then, he had inadvertently relaxed me totally and we were like two old buddies. I had been told endlessly about his supposed taciturnity; that you could sit with him for hours doing all the talking while the President would respond in only a few words. But to my biggest bewilderment and pleasant surprise, the President actually opened up to me and responded to my suggestions. In short we had a dialogue rather than the monologue I had programmed myself to expect in a worst case situation.

I was glad he had allowed two wonderful photographers, Bayo Omoboriowo and Sunday Aghaeze, to join us, as well as a cameraman from NTA. It would have been sad to tell the world the cordial nature of my meeting with the President without solid evidence. This is because he had asked everyone out after the photo-opportunities were comprehensively dealt with. I seized the opportunity to present a copy of my forthcoming book, PENDULUM: A Book of Prophesies, which is a compilation of some of my landmark essays in the last five years or thereabout. Not only did he show some excitement, he actually requested for my autograph: “Please, sign it for me so that people could see I got the original copy from you…” he said with that inimitable tinge of childlike innocence. I couldn’t believe this was the same over-demonised Buhari who had been superfluously described in lurid colours by political opponents. If he was play-acting before me, then he must be a damn-good-actor, I thought to myself coolly.

We went into our discussions proper after the general interlocutions. I told him why I wrote the “Desperate Memo” to him; Nigerians were getting restless and impatient; they expect an instant miracle; the momentum he gained during the election was nose-diving and affecting his super-brand; the opposition was already creeping in and trying to take advantage… and so on. The President said he was aware of people’s expectations but they should exercise some patience as they would realise his vision and mission as events he was directing begin to unfold. He sounded like a man who knows what most of us don’t know. He’s the man in the driver’s seat and only he can see the blind spots.

I told him it is important to us that he succeeds because our opponents don’t believe things can be done better. I reiterated my belief that he cannot hand over Nigeria to typical politicians to run because they will wreck the entire process. I’m certain his Party is going to witness another combustion soon when he begins to assemble his team because political leaders prefer their lackeys to competent professionals. In spite of Party supremacy, he should not allow them to dump some garbage at his doorstep. He must insist on nominations that meet his avowed standards.

I suggested he should involve Nigerian academics in governance like he did as Head of State when he appointed Tam David-West, Ibrahim Gambari and others as Ministers before President Ibrahim Babangida repeated the same style by appointing Wole Soyinka, Olikoye Ransome-Kuti, Bolaji Akinyemi, Tai Solarin, Sunday Olagunju, Sam Oyovbaire, and others in various capacities. I theorised that the relative success of INEC is attributable to the fact that Professor Jega brought in many Professors who did not have the propensity for accumulation of wealth.

I told the President that he should do everything possible to carry the youths along. I suggested he could move a few of his important public functions from campus to campus. I mentioned how American Presidential debates and major Presidential interactions are often held in a university community with students in attendance. I observed that this helps to inspire the youths in no small measure. Any government that has the youths behind it will ultimately succeed.

The aspect of my submission that gave the President amusement amidst the seriousness was when I spoke about the importance of searching for bright women to bring on board: “Sir, I think women are better managers of people and resources for several reasons…” I posited that a woman cannot marry two or three men simultaneously but a man can have four wives and ten concubines at a go and this would encourage corruption. I also elaborated further by stating that women are more afraid of going to prison than men. The President was filled with mirth and exploded in laughter whilst acknowledging the sense and sagacity of my words.

The President confided in me that his three biggest worries are insecurity, corruption and power. He spoke a bit about how he planned to address these issues. Finally, as he saw me off to the door, he spoke about his efforts at combating crime and terrorism and had kind words for the Chadians in particular. He felt proud about Chadian interventions on behalf of Nigeria. He would love to see such cooperation from other African countries.

On the whole, I had spent more than my allotted time of 15 minutes but I believe both of us concluded that we had a good and fruitful discourse. Before I departed, I promised the President my support and assured him that I would always alert him of sensitive developments needing his immediate attention through my articles and column.

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Panic As Governor’s Official Car Got Stolen

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Confusion and fear was the order of the day at one of the Government houses in the Southwest some days ago when one of the official vehicles of the Governor, a bullet-proof jeep allegedly disappeared from the garage.

The SUV which is said to be one of the three bullet-proof vehicles being used for the Governor’s official assignment was discovered missing.

The Governor who was out of the country on a short, rest leave was claimed to have been disturbed when he was alerted.

Sources claimed it wasn’t the first time things would get missing at the Governor’s private residence.

‘There had been series of thefts, ranging from missing cash, phones and other expensive items, it’s usually swept under the carpet. Indiscipline is the order of the day here’, a source confirmed this to papermacheonline.

The State Governor, a quiet individual who is spending his second time in office was said to have been disturbed by the occurrence that he had to cut short his leave and return home. One of his closest aides was also kidnapped recently.

 

 

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Former First Bank Employee Accuses Oba Otudeko, Bisi Onasanya Of Massive Fraud

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A former First Bank of Nigeria Limited employee, Adesuwa Ezenwa, has accused billionaire industrialist Oba Otudeko and former Managing Director Bisi Onasanya of massive fraud during Otudeko’s tenure as chairman of FBN Holdings Plc.

In court documents filed at the National Industrial Court of Nigeria, Ezenwa alleges that unsecured loans of approximately N12 billion were granted to a company in which Otudeko has significant investments, disguised as loans to Stallion Group of Companies.

Ezenwa, who was summarily dismissed in October 2016, is seeking redress for her termination and demanding N500 million in damages and N25 million in legal costs. She claims that she was made to bear the consequences of granting unsecured loan facilities worth billions of naira to companies linked to Otudeko and Onasanya, while her superiors who approved the credit were not penalized.

Ezenwa joined First Bank in 2002 and became a relationship manager in the corporate banking division in February 2016. She alleges that her superiors, including Abiodun Olatunji and Cecilia Majekodunmi, who worked closely with Onasanya, were involved in the fraudulent activities.

“As a relationship manager, I worked under the supervision and direction of my branch manager and group head and signed official correspondence only after they had approved and/or signed same. I had no independent authority in relation to the grant or disbursement of loans or other banking facilities,” Mrs Ezenwa said.

According to the claimant, she executed a large number of documents while she was still employed by First Bank, but only after approval by her bosses and on their direction.

She said she was summoned on 25 August 2015 to appear before a credit disciplinary committee reviewing facilities availed to a company known as Supply and Services Limited, a subsidiary of Royal Ceramics Group, one of the major customers of the bank.

The plaintiff said the committee could not determine whether she had a personal interest in any of the loans granted or whether she made any gain related to her duties. She said she was, however, blamed during proceedings for not whistleblowing on some of the deals endorsed by Mr Olatunji and Mrs Majekodunmi.

“The admonition was most unfair and unwarranted as I was in no position to whistleblow on my superiors … The persons to whom these reports would have been made were the very persons who were the perpetrators of the misdeeds,” she said.

A litany of allegations against Mr Otudeko

Mrs Ezenwa disclosed that unsecured loans of roughly N12 billion were availed, on one occasion, to a company in which Mr Otudeko has significant investment even though the facility was masked as loans granted to Stallion Group of Companies, which later spotted the false entry in its statement of account and complained.

In one case in 2012, she further alleged, an unsecured credit estimated at N2 billion was granted to Broadwaters Resources Company Nigeria Limited, which ended up being a conduit pipe used by Mrs Majekodunmi and Mr Onasanya to siphon monies from the bank. The claimant said the loan was never repaid.

“Out of the N12 billion camouflaged as lending to the Stallion Group, N8.21 billion was transferred through various accounts to a final destination account belonging to a company known as V-TECH LTD, which belongs to the chairman of FBN Holdings, Oba Otudeko, while the sum of N4.45 billion out of the same fictitious facility was transferred to Ontario Oil and Gas. The facility remains unpaid to date,” Mrs Ezenwa said in court fillings.

According to her, several similar loans were granted by Mr Olatunji and Mrs Majekodunmi, including to Supplies and Services Limited, which were “subsequently sublet and disbursed in smaller bits to several customers on more profitable terms to both officers.”

Swap Technologies and Telecomms Plc, Orbit Cargo, Netconstruct Nigeria Limited, and High-Performance Distributions Limited were among the companies named as beneficiaries of the loan disbursement.

Mrs Ezenwa disclosed that such loans could not have been granted without the involvement of the board of First Bank, considering that the amounts involved were huge and above the approval limits of the executive directors, the vice president and the managing director of the bank.

According to the complainant, her dismissal by the bank brought her into disrepute, threatening her chances of securing employment in reputable companies in future.

“The action of the defendant (First Bank) has consequently caused the claimant untold mental distress and is all the more damaging as the claimant is in her thirties and has simply been made a scapegoat for the malfeasance of some of the lapses of the management of the bank,” she said.

Among other demands, Mrs Ezenwa is urging the court to declare that there was no basis for the bank to dismiss her.

“She is being made a scapegoat for a lot of questionable transactions within the bank, which she is claiming innocent of,” Seyi Sowemimo, the claimant’s lawyer, told PREMIUM TIMES on Saturday. “So far, the trial has started. We have subpoenaed the EFCC, and we have subpoenaed the central bank to bring the audit reports of the bank,” Seyi Sowemimo, the claimant’s lawyer, told PREMIUM TIMES.

The allegations have sparked a legal battle, with Ezenwa seeking justice for her dismissal and damages for the fraudulent activities she claims to have uncovered.

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“AMCON MD In Trouble Over Keystone Bank Acquisition By Father In-law”, Isa Funtua

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Why Bank Customers Are Making Panic Withdrawals…

Following the controversy generated by the leading opposition party, the People’s Democratic party, PDP, over the alleged acquisition of Keystone bank and Etisalat by Alhaji Isa Funtua and the CEO of AMCON, Ahmed Kuru, President Muhammadu Buhari has ordered probe into the alleged fraud.

A highly placed source at the headquarters of the Economic and financial crimes Commission, EFCC yesterday told daybreak that the President was thoroughly embarrassed with the allegations linking him to the transactions.

According to the source, a discrete panel will be set up soon comprising of the Chairman of the EFCC, representative of the DSS, ICPC, federal ministry of Justice to look into the allegations.

The source further added that, both Isa Funtua, Ahmed Kuru, the governor of the central bank of Nigeria, CBN, Chief Godwin Emefiele and management Staff of the Keystone Bank and 9Mobile will be quizzed by the operatives of the EFCC for some interactions.

Recently, a mindboggling scandal broke out to public knowledge about how Keystone Bank and 9Mobile were acquired in controversial circumstances by the business interests of one Alhaji Isa Funtua, a close friend of President Muhammadu Buhari, via the instrumentality of Asset Management Corporation of Nigeria (AMCON).

The PDP challenged the federal government to come out clean on what could be a serious dent on its anti-corruption stance, there is indeed no smoke without fire.

The leading opposition party also confirmed fact that the son-in-law of Isa Funtua, Ahmed Kuru, is the current CEO of AMCON.

Before him, the previous CEO, Chike Obi, was a first-class gentleman and technocrat who was strangely removed from office before the expiration of his term and was replaced with Kuru, the son-in-law of Isa Funtua.

Now, let us get into the insider details of how Funtua bought Keystone Bank and 9Mobile in the most bizarre of dealings that circumvent the laws of the land. Keystone Bank was sold by the current CEO of AMCON to his father-in-law, Funtua, without any AMCON Board’s approval and with the active connivance of CBN and NDIC at a grossly undervalued price of 25 Billion Naira. To put things in context, let us recall that Enterprise Bank was sold for over 60 Billion Naira and Mainstreet Bank was sold for over 100 Billion Naira under the former CEO of AMCON.

Before the sale of Keystone Bank to Isa Funtua, all bad debts in the books of the Bank were taken over by AMCON. So, it was a clean Bank with all the Assets and no Liabilities that was sold to the Buyers.

The Executive Management of AMCON was coerced into approving the transaction and those who were willing to submit a much higher bid were disqualified under a most opaque, suspicious process that lacks all transparency. The process was just manipulated in favour of the father-in-law of the AMCON CEO.

The Corrupt Payment for Keystone Bank The most disgusting part of the entire sale of Keystone Bank is how the 25 Billion Naira sales price was paid to AMCON.

The Isa Funtua Team paid 5 Billion Naira to AMCON, and then the balance of 20 Billion Naira was later paid through the most criminal and corrupt approach ever perpetrated by AMCON in favour of the Buyer. What happened was that AMCON moved 20 Billion Naira of their own funds as a fixed deposit at GTBank to Heritage Bank. Heritage Bank then paid the 20 Billion Naira on behalf of the Funtua Group to AMCON. In other words, AMCON used their own funds as a collateral for a loan to the Funtua Group for 20 Billion Naira!

When the Funtua Group took over Keystone Bank, they went borrowing immediately at the Interbank Market for 20 Billion Naira to refund AMCON’s funds. This has left a hole in Keystone Bank’s Balance Sheet and makes the Bank one of the most undercapitalized Banks in the Country as at today. The evidence of this highly compromised acquisition process can be obtained from the current and former staff of AMCON, from NDIC, CBN and from the current staff of Keystone Bank itself.

Another suspicious acquisition scandal surrounding the Funtua Group is about the untidy way 9-Mobile, formerly known as Etisalat, was bought. It is Mr. Adrian Wood of Teleology Holdings, a very sound telecoms professional, who collaborated with the Funtua Group for the acquisition of 9-Mobile.

The problem with their bid was the lack of a qualified Operator to support the bid which was one of the minimum conditions of NCC. Adrian Wood alone was not a substitute for an Operator.

The Nigerian Communications Commission (NCC) gave several conditions that must be met by the Ultimate Buyer of 9-Mobile to ensure the protection of shareholders value, prevent loss of jobs, protect the telecoms industry from slipping into a crisis and ensure transparency and professionalism in the post-acquisition entity.
The conditions listed by NCC that must be met by the Buyer are Strong Telecoms Operating Experience, Strong Financial Capabilities, Strong Technical Knowledge and Strong Administrative Skills.
The first thing that happened once Teleology was announced as the preferred winner was that the Funtua Group edged Adrian Woods out of Management and turned him to an Insignificant Shareholder.

The second development was that the Funtua Group raided Keystone Bank again and forced the Bank to Pay 50 million Dollars as down payment for the acquisition of 9-Mobile.

The third issue was that Teleology Nigeria replaced Teleology Holdings to remove any influence of Adrian Woods from 9-Mobile totally. The fourth step taken the Funtua Group was to borrow 260 Million Dollars from African Exim Bank.

The fifth thing was to coerce NCC to approve the sale at all cost without meeting 90% of the conditions set up ab-initio by the NCC.

The sixth strange action of the Funtua Group was to force the board of NCC to approve the sale through the influence and pressure from the Presidency. And the seventh Funtua infraction was to use the influence of CBN to force the Banks to the table and waive their own conditions of sale of 9-Mobile to the Teleology Nigeria group.

Efforts to reach the acting Head media and publicity of Economic and financial crimes Commission,EFCC, Mr. Tony Orilade to confirmed the latest developments proved abortive as his lines were not connecting.

Source; The Capital

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