Connect with us

News

Alleged Fraud Proceed: EFCC Reveals How Much Found In ex-NNPCL GMD Mele Kyari’s Jaiz Bank Accounts

Published

on

The Federal High Court in Abuja temporarily froze four bank accounts belonging to former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over allegations of fraud.

According to The Punch, Justice Emeka Nwite issued the order on Tuesday after considering an urgent application brought before the court by the Economic and Financial Crimes Commission (EFCC), represented by counsel Ogechi Ujam, who explained that investigations into Kyari were still ongoing.

It was reported that the EFCC had, filed the application seeking to freeze the accounts, on the basis that Kyari was being investigated for conspiracy, abuse of office, and money laundering. The agency disclosed that preliminary findings indicated the accounts, domiciled with Jaiz Bank, contained over ₦661 million suspected to be proceeds of unlawful activities.click for details

MBA Forex Victims: Can EFCC Deliver Justice?

Justice Nwite stated that he had thoroughly reviewed the evidence and documents presented and found sufficient grounds to grant the request. The court fixed September 23 as the date for the next hearing.

An affidavit sworn to by Amin Abdullahi, an investigator with the EFCC’s Special Investigation Section, stated that the Guardian of Democracy and Rule of Law had, on April 24, lodged a petition against Kyari. Abdullahi explained that his team obtained bank records, corporate documents, and interviewed individuals and company representatives linked to the transactions.

The investigation allegedly revealed that substantial sums were transferred from the NNPCL and oil companies connected to the corporation into Kyari’s Jaiz Bank accounts. Although the accounts were said to be under Kyari’s control, they were reportedly operated using family members as proxies.

‘Orji Kalu Positioned For Senate Presidency – APC Chieftain Asks Ex-Abia Deputy Governor To Drop 2027 Senate Ambition

The court order covered two accounts in Kyari’s name and two others belonging to the “Guwori Community Development Foundation.” The EFCC also directed Jaiz Bank to produce hard copies of all statements of account.

It was further disclosed that a temporary “no debit” order had earlier been placed on the accounts, but it could not remain effective beyond 72 hours without judicial approval.

The affidavit indicated that the EFCC’s lawyer argued that securing a court order was necessary to preserve the funds while investigations continued, emphasizing that granting the application was in the interest of justice.

The EFCC maintained that the total amount traced to the accounts, ₦661,464,601.50, was suspected to be proceeds of crime and that freezing the accounts was essential to safeguard the money pending further investigations and possible prosecution.

 

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Breaking: Excitement In Bayelsa As Gov. Diri Finally Joins APC

Published

on

The Bayelsa State capital, Yenagoa, is reportedly abuzz with excitement as members of the All Progressives Congress (APC) formally welcome Governor Douye Diri and his supporters to the party

APC Schedules July 24 NEC For Ganduje ReplacementNaija News recalls that Diri, who resigned from the Peoples Democratic Party (PDP) on October 15, has been engaged in weeks of discreet negotiations with key APC figures to finalize his defection plan.

Thousands of supporters of the APC and Diri, who were dressed in white t-shirts and colourful attire from all eight local government areas, started trooping into the state capital as early as 8 am, defying the early morning downpour.

Other supporters were seen signing and drumming along some major streets of the state capital.

Additionally, the 5,000-capacity Samson Siasia Stadium was filled, with the crowd continuing to throng inside, prompting security operatives to stop further entry due to concerns about a potential stampede.

Already, the Governor of Akwa Ibom State, Pastor Umo Eno, the Governor of Delta State, Elder Sheriff Oborevwori, and his predecessor, Senator Ifeanyi Okowa, the Governor of Ondo State, Orimisan Aiyedatiwa, former Governor of Edo State, Adams Oshiomhole, Minister of Regional Development, Engineering Abubakar Momoh, have arrived at the state capital for the event.

The latest development has formally put to rest speculation about Diri joining the APC

Continue Reading

News

BREAKING: Chad Shuts Its Border With Nigeria Amid Fears Of Trump Threats

Published

on

The Chadian Government has reportedly announced an immediate closure of its border with Nigeria, citing heightened security concerns and intelligence reports of possible militant infiltration from Northern Nigeria.

Military sources in N’Djamena confirmed on Monday that President Mahamat Idriss Déby Itno ordered a military lockdown on the Nigerian border following reports that armed groups were planning to cross into Chad.

According to regional security analyst Zagazola Makama, Chadian troops have been deployed along key border corridors, backed by armoured vehicles and aerial reconnaissance units to prevent infiltration.

Chadian troops and armoured vehicles have been deployed to critical routes from Nigeria, and all units are now at full readiness,” Makama reported.

President Déby was quoted as warning that “no armed group or foreign force will be allowed to enter Chadian soil under any disguise.”

Naija News reports that the border closure follows growing tension across the Sahel and West Africa amid rumours of U.S. military movements in the region.

While no official statement has been issued from Washington, speculation about America’s alleged repositioning of troops in parts of West Africa has sparked diplomatic unease and security responses from several regional governments

Security experts described Chad’s border closure as a preventive measure designed to protect its territory from potential spillovers of regional instability.

Chad’s latest action comes amid renewed militant activity across Lake Chad Basin countries and shifting alliances following military takeovers in neighbouring Niger and Burkina Faso.

With the Nigerian border now closed, movement between the two countries has been temporarily suspended.

Meanwhile, cross-border traders and transport operators have been advised to remain patient pending further directives from the Chadian authorities.

Continue Reading

News

Just In: Police Declare Sowore Wanted

Published

on

The Lagos State Police Command has declared activist and publisher, Omoyele Sowore, wanted for allegedly planning to incite public disorder and obstruct major roads across the state.

Naija News reports that the Commissioner of Police, Olohundare Jimoh, made the announcement on Monday while addressing journalists at the Iyana-Oworo section of the Third Mainland Bridge, warning that the command would not tolerate any attempt to disrupt public peace.

According to Jimoh, intelligence reports revealed that Sowore and his associates had mapped out strategic locations, including the Third Mainland Bridge, Lekki Tollgate, and Freedom Park for simultaneous demonstrations.

The Commissioner said, “Sowore should surrender at the nearest police station or face arrest wherever he is found.

Anyone attempting to cause disturbance or block our roads will face the full weight of the law.”

The police chief described the planned demonstrations as “criminal”, warning that such actions could trigger massive traffic gridlock and endanger lives.

He further stated, “It is only someone who needs examination that would attempt to block such a vital route used by thousands daily.”

Jimoh confirmed that 13 suspects had already been arrested in connection with the alleged protest plot, while Sowore reportedly fled before the operation began.

“Investigations are ongoing to identify sponsors and collaborators,” he stated.

He disclosed that security operatives had been strategically deployed to critical locations across Lagos, including bridges, highways, and entry points, where temporary roadblocks and diversions had been introduced to maintain orders

The Third Mainland Bridge was not designed to hold stationary weight. Any gathering on it could pose structural risks,” the Commissioner warned.

Jimoh also spoke on the recent demolitions in parts of Lagos, particularly the Oworo-Soki area, dismissing claims that the exercise was carried out without compensation.

He said, “The government compensated those affected, and the media witnessed it. There is no justification to provoke crisis under the guise of protest.”

The police boss assured residents that there was no cause for alarm, adding that all security agencies were fully mobilized to protect lives and property.

“We are not sleeping. We will apprehend, investigate, and prosecute anyone attempting to undermine public safety in Lagos,” Jimoh said.

He reaffirmed the command’s commitment to enforcing the law without fear or favour, emphasizing that while freedom of expression is guaranteed, it must not degenerate into public nuisance or lawlessness.

 

Continue Reading

Trending