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Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions (27195 Views)

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Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by ogatboy(m): 11:50am On Jul 04, 2019
Till Kano state Governor with clear evidence is prosecuted, this government corruption fight is just non-sense
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Nobody: 11:51am On Jul 04, 2019
This happened under Jonathan
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Afospecialk: 11:51am On Jul 04, 2019
There is no a single politican that has never looted Nigeria treasury but the matter of billions should no longer be addressed as a criminal but a major terrorist
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by brenister10: 11:53am On Jul 04, 2019
OAUTemitayo:

Your objectivity has gone to the winds.
You are now a shadow of your former self.
I am still wondering how you turned from an apt and objective personality to one with so much hate and vile.
How the mighty has fallen.

OAU temitayo, you're a disgrace to the name you carry. OAU is known for its zero tolerance for corruption. With people like you in Nigeria, the country's golgotha is just a stone throw away

2 Likes

Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by ClearFlair: 11:55am On Jul 04, 2019
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.
See this one. Some people just like lying to themselves.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Nobody: 11:58am On Jul 04, 2019
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.
.... Mumu go and learn how to read and digits articles read angry
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by 2mch(m): 12:01pm On Jul 04, 2019
ba7man:
It seems you don't know how to prioritise your life.

They're investigating a $2 billion fraud you're talking about $5 million. undecided
Even if it’s 1 Naira. He should be probed. I am sure EFCC has more than 1 staff or resource they can dedicate to the case. You on the other hand fail to use your brain.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Charly68: 12:03pm On Jul 04, 2019
OAUTemitayo:

Your objectivity has gone to the winds.
You are now a shadow of your former self.
I am still wondering how you turned from an apt and objective personality to one with so much hate and vile.
How the mighty has fallen. His view to me is myopic and too subjective ..because one or two people messed up therefore he concluded that all were bad...
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by bankulizer: 12:03pm On Jul 04, 2019
SarkinYarki:


So because he laid the bare facts his objectivity has gone with the winds? So he should behave like you and your wicked ilk and pretend all is well with Buhari govt and pretend Buhari is not sponsoring terrorist against innocent people of Nigeria , pretend that the economy is in great shape and corruption has been eliminated , pretend that Buhari is the best leader ever ko .. Look ate your self in the mirror and you will see a picture of a hypocrite.
[url][/url]

Gerout!
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by bankulizer: 12:04pm On Jul 04, 2019
brenister10:


OAU temitayo, you're a disgrace to the name you carry. OAU is known for its zero tolerance for corruption. With people like you in Nigeria, the country's golgotha is just a stone throw away
Gerout
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Nobody: 12:09pm On Jul 04, 2019
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.

The fraud was perpetrated under GEJ's watch by your saint emir of kano the fraud and his accomplice
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by OAUTemitayo: 12:22pm On Jul 04, 2019
brenister10:


OAU temitayo, you're a disgrace to the name you carry. OAU is known for its zero tolerance for corruption. With people like you in Nigeria, the country's golgotha is just a stone throw away
If you have any small sense, you will know the fraud was perpetrated under PDP led government.
But you have none.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Nobody: 12:22pm On Jul 04, 2019
post=79932137:

Mr Diamond?
Let us find out who he is already!


If you used that time you are using to ponder about posts to start thinking about your life.
we guess your parent will be proud of you in their old age.
Instead of just sitting at home eating mom's food day and night.
How does their posts affect your misery in life?
Rise up and work kid.
Make your parent proud of you in life.
Stop being a disappointment in life........Always!
Mr ponder Ekamba! cheesy wink
Some people no go just lie down for their mat for village quietly sha! grin
Bros don't blame the guy. Meself dey ponder am like;
Does this guy not have any other ambition in life apart from asslicking?
We're all just concerned for your mental health!!

2 Likes 1 Share

Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by AnanseK(m): 12:31pm On Jul 04, 2019
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.

Evidence please or I’ll classify you as a rumor monger.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by DaV8King(m): 12:34pm On Jul 04, 2019
Bob Diamond was the Group Managing Director of Barclays Bank Worldwide whom was indicted for being one of those that triggered the Global Financial Crisis by rate manipulation and packaging of toxic assets and securities..

https://en.wikipedia.org/wiki/Bob_Diamond_(banker)

Na whom una go see bring as foreign investor?!!

Na God and Ogun go combine punish una!
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by profbayo: 12:37pm On Jul 04, 2019
SarkinYarki:


So because he laid the bare facts his objectivity has gone with the winds? So he should behave like you and your wicked ilk and pretend all is well with Buhari govt and pretend Buhari is not sponsoring terrorist against innocent people of Nigeria , pretend that the economy is in great shape and corruption has been eliminated , pretend that Buhari is the best leader ever ko .. Look ate your self in the mirror and you will see a picture of a hypocrite.
...
@ OauTayo, I tire for some pple on NL ooo
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by profbayo: 12:40pm On Jul 04, 2019
Okoyeebo:


Do you have information?
Write a petition and stop asking senseless questions here.
...It shows the guy is really senseless .
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by ArasaCargo(m): 12:56pm On Jul 04, 2019
I look forward for a revolution in this Country. Don't forget to visit my signature
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by freshMallam1122: 12:58pm On Jul 04, 2019
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.
U AR a fool for saying this at least the were all sanetor an one time saving in ur PDP government.or were they not corrupt then? . an the corruption took place during yr party stay as executive.. so u should be ashamed to say this Yong man.. did u told us ur elites were corrupt at all.. if not for buhari who is bold enough to tell us.. an u ar here forming Saint Anthony.. God punish that yr dirty mouth
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by israelmao(m): 1:01pm On Jul 04, 2019
Anti-corruption crusaders caught in the web's of corruption.

1 Like

Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by ofordegreat(m): 1:02pm On Jul 04, 2019
mysidechick:
The Federal Government has begun interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares.

According to NAN, those invited for interrogation were former minister of Budget and National Planning, Sen. Udo Udoma and his counterpart in the Ministry of Trade and Investment, Okechukwu Enelamah.

Chukwuemeka Obasi, the legal representative of a whistle-blower, disclosed this to newsmen on Wednesday in Abuja.

Obasi said that the General Managing Director of Union Bank Nig Plc, Mr Emeka Emuwa was also questioned.

According to him, the various representatives of all private and public institutions linked with the fraud were also invited and quizzed.
Obasi said the establishments mentioned in the petition included the Chapel Hill, National Security Exchange (NSE), Security Exchange Commission (SEC) and the Central Bank of Nigeria (CBN).

The interrogation hinged on a petition reporting the alleged fraud submitted to the Attorney-General of the Federation, Mr Abubakar Malami, SAN, dated April 3, 2019.

The petition is titled “Official corruption, misuse of FGN USD two billion, fraud and unjust enrichment of persons who dispossessed more than 65,000 Nigerians and conferred ownership of the Bank on few Nigerians and their foreign accomplices’’.
The petition did finger former Central Bank Governor, the Emir of Kano, Alhaji Sanusi Lamido Sanusi II, under whose watch the alleged fraud was perpetuated.

Also accused of alleged complexities in the transactions were the two former ministers.

Enelamah was particularly fingered as the mastermind of the transaction by allegedly leading Africa Capital Alliance to form the Mauritius shell company to house Nigerians pretending to be foreign investors.

The transactions allegedly dispossessed Nigerian shareholders and investors in order to transfer ownership of the bank to a few persons including insiders, chieftains of competitor banks and others who would not pass CBN’s “fit and proper’’ test for bank ownership.

The petition claimed that Enelamah allegedly organised the registration of the offshore shell company in Mauritius called Union Global Partners Limited for the purpose of disguising the true majority ownership of Union Bank shares concealed in the offshore company.

The petition also alleged that the transactions commenced under Udoma’s supervision as Chairman of Security and Exchange Commission and sealed up when he became the Chairman of Union Bank of Nigeria Plc.

“The circumstances can best be described as official corruption and insider trading’’, the petition alleged.

The petition further alleged that Udoma and other officials illicitly granted a renewable five-year waiver to Union Bank of Nigeria to remain listed on the exchange in spite of being owned by a few private equity firms till today.

According to the petition, the alleged unlawful action is to ensure the more than 65,000 Nigeria former shareholders whose shares were diluted from 85 per cent to less than 15 per cent of public float to still be listed on Nigerian Stock Exchange (NSE).

“It is to be recalled that 49% shares of Union Bank of Nigeria plc is now majority owned and controlled by London listed Atlas Mara, the investment company led by Robert Diamond Jr.

“Mr Diamond is a former Chief Executive Officer of Barclays Bank who was sacked for his involvement in manipulating Libor.

“Not only is Mr Diamond not a fit and proper person to own a bank according to the rules of Nigeria, he had also been blacklisted by the Bank of England as a result of the Libor manipulation.

“One wonders how the former CBN Governor, Sanusi Lamido Sanusi authorised the Union Bank change of ownership transaction and bridged it with USD two billion national patrimony, in spite of glaring evidence of fraud and the nature of the ultimate foreign owner who was already known and waiting in the wings.


https://www.google.com/amp/s/dailypost.ng/2019/07/04/fg-commences-investigation-two-ex-minister-billions-dollars/amp/


Interesting!
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by asanwafo: 1:04pm On Jul 04, 2019
2mch:
What about Ganduje
Gaduje has immunity. U only talk cos others are talking
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by 2mch(m): 1:05pm On Jul 04, 2019
asanwafo:
Gaduje has immunity. U only talk cos others are talking
So he has immunity to rob the country and his state
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by Myself2(m): 1:16pm On Jul 04, 2019
post=79932114:

WAY TO GO........
Perhaps we will get our money back.

Sharrap dia, which money, so if them say make animals wey get horn stand up, snail too go stand ??
Na your burnt suya wey you dey carry for head dey hawk upandan you wan use buy shares
grin

1 Like

Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by lastempero: 1:47pm On Jul 04, 2019
Street!!! It is a capitalist world.


Either you join them or you close your eyes.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by bluecircle470: 1:59pm On Jul 04, 2019
doctokwus:
There is no single appointee of President Buhari with the president and his vice,that doesn't have a past or present,openly documented corrupt deed hanging on his/her neck.
This is by far the most corrupt government ever elected and assembled in Nigeria.

Your mumurity has gone beyond repair
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by nogragra: 2:02pm On Jul 04, 2019
mysidechick:
The Federal Government has begun interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares.

According to NAN, those invited for interrogation were former minister of Budget and National Planning, Sen. Udo Udoma and his counterpart in the Ministry of Trade and Investment, Okechukwu Enelamah.

Chukwuemeka Obasi, the legal representative of a whistle-blower, disclosed this to newsmen on Wednesday in Abuja.

Obasi said that the General Managing Director of Union Bank Nig Plc, Mr Emeka Emuwa was also questioned.

According to him, the various representatives of all private and public institutions linked with the fraud were also invited and quizzed.
Obasi said the establishments mentioned in the petition included the Chapel Hill, National Security Exchange (NSE), Security Exchange Commission (SEC) and the Central Bank of Nigeria (CBN).

The interrogation hinged on a petition reporting the alleged fraud submitted to the Attorney-General of the Federation, Mr Abubakar Malami, SAN, dated April 3, 2019.

The petition is titled “Official corruption, misuse of FGN USD two billion, fraud and unjust enrichment of persons who dispossessed more than 65,000 Nigerians and conferred ownership of the Bank on few Nigerians and their foreign accomplices’’.
The petition did finger former Central Bank Governor, the Emir of Kano, Alhaji Sanusi Lamido Sanusi II, under whose watch the alleged fraud was perpetuated.

Also accused of alleged complexities in the transactions were the two former ministers.

Enelamah was particularly fingered as the mastermind of the transaction by allegedly leading Africa Capital Alliance to form the Mauritius shell company to house Nigerians pretending to be foreign investors.

The transactions allegedly dispossessed Nigerian shareholders and investors in order to transfer ownership of the bank to a few persons including insiders, chieftains of competitor banks and others who would not pass CBN’s “fit and proper’’ test for bank ownership.

The petition claimed that Enelamah allegedly organised the registration of the offshore shell company in Mauritius called Union Global Partners Limited for the purpose of disguising the true majority ownership of Union Bank shares concealed in the offshore company.

The petition also alleged that the transactions commenced under Udoma’s supervision as Chairman of Security and Exchange Commission and sealed up when he became the Chairman of Union Bank of Nigeria Plc.

“The circumstances can best be described as official corruption and insider trading’’, the petition alleged.

The petition further alleged that Udoma and other officials illicitly granted a renewable five-year waiver to Union Bank of Nigeria to remain listed on the exchange in spite of being owned by a few private equity firms till today.

According to the petition, the alleged unlawful action is to ensure the more than 65,000 Nigeria former shareholders whose shares were diluted from 85 per cent to less than 15 per cent of public float to still be listed on Nigerian Stock Exchange (NSE).

“It is to be recalled that 49% shares of Union Bank of Nigeria plc is now majority owned and controlled by London listed Atlas Mara, the investment company led by Robert Diamond Jr.

“Mr Diamond is a former Chief Executive Officer of Barclays Bank who was sacked for his involvement in manipulating Libor.

“Not only is Mr Diamond not a fit and proper person to own a bank according to the rules of Nigeria, he had also been blacklisted by the Bank of England as a result of the Libor manipulation.

“One wonders how the former CBN Governor, Sanusi Lamido Sanusi authorised the Union Bank change of ownership transaction and bridged it with USD two billion national patrimony, in spite of glaring evidence of fraud and the nature of the ultimate foreign owner who was already known and waiting in the wings.


https://www.google.com/amp/s/dailypost.ng/2019/07/04/fg-commences-investigation-two-ex-minister-billions-dollars/amp/
Those are the pepo that say they also want to rule Nigeria by hook by fire. All their species are always money loving and corrupt with nothing to show for their stewardship except empty noises. GEJ, MADUEKE, EZE, MAMAPEACE, COME TO MIND AS WELL.
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by InvertedHammer: 3:02pm On Jul 04, 2019
/
A seasoned journalist wrote that someone was "fingered" instead of "implicated" in a criminal investigation. Imagine if the suspects are females. How do you interpret that?

How low can education go?

/
Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by erico2k2(m): 3:16pm On Jul 04, 2019
SarkinYarki:


So because he laid the bare facts his objectivity has gone with the winds? So he should behave like you and your wicked ilk and pretend all is well with Buhari govt and pretend Buhari is not sponsoring terrorist against innocent people of Nigeria , pretend that the economy is in great shape and corruption has been eliminated , pretend that Buhari is the best leader ever ko .. Look ate your self in the mirror and you will see a picture of a hypocrite.
Oh you 4got to add we now have 25 hours of electricity in Nigeria in a day cheesy cheesy cheesy, WHo remembered when pictures of fridges with blocked out bottles was being paraded on NL

1 Like

Re: Udo Udoma, Okechukwu Enelamah: FG Investigates Ex-ministers Over Billions by NigeriaIsDoomed: 3:23pm On Jul 04, 2019
OAUTemitayo:

Your objectivity has gone to the winds.
You are now a shadow of your former self.
I am still wondering how you turned from an apt and objective personality to one with so much hate and vile.
How the mighty has fallen.
No be Afonja again? Asslicker!
Na so Abiola do today e dey with him ancestors, the drug balon and him fool soldiers don carry on. Issorait!
Las las na zooo republic grin

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