EXPOSED! How MDAs, Banks, Corporate Bodies Colluded To Steal N324b
ElombahNews is in possession of documents showing how some government Ministries, Departments and Agencies (MDAs) colluded with some banks and corporate organisations to embezzle over 324 billion Naira from government coffers.
The catalogue of corruption spanned several years from past administration up till the present President Muhammadu Buhari’s administration which premised its campaign promises on fighting corruption.
The revelation erupted when this news medium contacted the chairman of George Uboh Whistleblowers Network [GUWN], Dr. George Uboh over allegation that the Minister for Finance, Mrs Kemi Adeosun refused to release his 5% whistleblower’s entitlement being proceeds from loot he traced.
The outstanding claim, i.e. 5% of about 324 billion Naira amounts to over N15 billion.
The breakdown, which includes other cash in foreign currencies, is as follows:
- $648,556,310.97, with aggregate total of over N324 billion.
During the interchange with ElombahNews, the foremost whistleblower produced several documents cataloguing evidences of his job and how it was accomplished.
He informed that through his company, Panic Alert Security System [PASS], he traced the said funds way back in 2016 to the banks where they were lodged after embezzlement.
According to him, the whole fraudulent activities took as much as 77 transactions and involved several government agencies.
Details of the fraudulent transactions perpetrated by the affected bodies involved some of the following government agencies:
- The Nigerian National Petroleum Commission [NNPC]
- Federal Ministry of Health
- Nigerian Ports Authority [NPA]
- National Maritime Authority [NMA]
- Economic and Financial Crimes Commission [EFCC
- Ministry of Agriculture
- Nigeria Army
- Bureau of Public Enterprise [BPE]
- Supreme Court of Nigeria
- Federal Inland Revenue Service [FIRS], etc.
Banks involved in the frauds are:
- Keystone Bank
- Access Bank
- Zenith Bank
- Guaranty Trust Bank
- Enterprise Bank
- CITI Bank
- Ecobank/Oceanic Bank
- Bond Bank/Skye Bank, and,
- First Bank
Some corporate organisations involved include:
- Corporate Oil and Gas Ltd.
- Intercity commodities Ltd.
- Kakawa Discount House Ltd.
- Ola Trade Nig. Ltd.
- Aworo Investment Ltd.
- Yeboa Nig. Ltd., and the rest.
See attached documents showing details, including bank accounts below: