nigeria is a disgrace and a huge joke!!!!

April fool!!!

Source:
http://www.compassnews.net/Ng/index.php?option=com_content&view=article&id=30205:folorunsho-baba-blue-passes-on-&catid=54:arts&Itemid=694

[img]http://G:\Users\KOFI\Desktop\babablue.jpg[/img]

In a very short session by the Southwack Court Eight, Friday’s proceeding was only for the ruling in respect of the stay of proceedings sought by the legal team of Chief James Ibori’s associates that were undergoing pre-trial hearing of money laundering charges in London. The defence had argued that as what was in London was only money laundering charges, the United Kingdom proceeding would amount to an abuse of process especially in light of the Nigerian proceedings.


The application was successful. In his ruling, His Honour Justice Hardy said:

“I am asked to rule on the propriety of the UK proceedings whilst the Nigerian proceedings have yet to take place.

“I had requested further information from Nigeria as to the state of play there and the information I have received has been very helpful. I am told that the Prosecution are ready for trial and they can see no reason for any delay. I am of the view that the outcome of the Nigerian proceedings are not determinative for the UK trial, however I also accept that it would be unfair to proceed in the UK as the hearing in Nigeria is only a few weeks away. In order to prevent any injustice on the defendants, it would be unfair to proceed. I am told that the hearing in Nigeria will be short, it is expected to last a couple of hours and the judgement will be within two weeks. I believe therefore the Court should have the full picture and so will adjourn this matter to the 9th November 2009, when trial will start. I am also reminded that Court of Appeal applications will be heard during this time”.

This is a major victory for the defence, who had been arguing that the cases both in Nigeria and the UK are not just similar but the same. Thursday, the Crown Prosecution Service as well as the London Metropolitan Police argued that the UK court was not subordinate to the Nigerian Court, in a bid to defeat the stay of proceedings application.

The implication of this stay of proceedings is that everything now appears to depend on the outcome of the Ibori case before the Federal High Court, Asaba. If the Ibori wins there then no predicate crime can be made out for “if there is no crime, there can be no money laundering”, as defence lawyer Andrew Trollope (Queen’s Counsel, British equivalent of Senior Advocate of Nigeria) said in London immediately after the ruling. This is because the Crown accepts that they have no evidence of corruption, they are relying on inferences as to how the funds were handled. Senior police officers had to lie to sustain their allegations; the Prosecution resisted every attempt for disclosure of simple and basic documents.

Despite the victory, the defence legal teams have in the meantime commenced appeal proceedings, which are likely to be heard in the next few weeks.

Here in Nigeria, the Ibori case comes up again on 26th October, 2009. Already, Ibori’s lawyers have asked that the case be dismissed, claiming that the prosecution has not established any prima facia case against either Ibori or those charged with him.
The motion brought by Mr. Austine Alegeh (SAN), rested on three main planks; One, that “None of the counts disclose a prima facie case against any or all of the accused persons”, that is Ibori or any of his co-accused. Two, “the accused persons are not in any way linked to the offence of money laundering as charged by prosecution”. Three, “Constitutionally, the charges are incompetent as they constitute Delta State business or affairs of state which the Federal Government of Nigeria or any of its agencies such as the EFCC is incompetent to inquire into”.

In the affidavit in support of the application, filed by Mr. Emmanuel E. Okosun, of Alegeh’s chambers, and obtained from the Federal High Court, Asaba, Mr. Alegeh classified all the 170 count charges against Ibori into “13 clusters” for ease of reference, all said to be punishable either under the Money Laundering (Prohibition) Act of 2003 or that of 2004. Alegeh said in the application that the EFCC has failed to show in any way, and in all instances, that any “offence has been disclosed against any of the accused”.
Specifically, Alegeh claimed in section (g) of the application; “That in other words, the accused persons are not linked to any of the allegations made in the 170 count charge”. Actually, this is at the heart of the application; that what EFCC has done so far is to claim that Ibori or his associates may have moved money , but so far failed to show how the accused persons moved any moneys from a particular bank to another, the dates of such movement, from which bank account to another, etc,

Alegeh therefore held that “the prosecution has not been able to meet this vital requirement because such illegality or proof of corruption does not exist, prima facie or at all, on the face of the documents annexed to the charge”.

“He should tell the world who paid for his hotel accommodation at 47 Park Street, Mayfair, London where he stayed on his way from San Francisco, USA. Additionally, Ribadu went about soliciting for contributions from those he claimed to be investigating, towards a non-existent EFCC Football Club, for which he collected large sums of money which was never applied for the purpose they were collected. This may account for one of the reasons why he made away with many files when he was leaving office, and has refused to formally hand over to his successor in office to date. Has he declared how much he so collected?


I want Ribadu to answer this direct question. This is not mere accusations. This is fact that can be checked out. As a Lawyer, Ribadu knows better!

There are receipts, proofs, CCTV ETC

@Op,
I just opened a UK account with GTbank, London.
Of course I opened the account with British Pounds Sterlings.
Kindly walk into any GTbank and ask for the details.

meanwhile, some of those CSU staffs are so dumb. You might need to speak to Marketers or Account officers!

bbngozi:

ok I'm trying to get my fiance a VISA to come to united State and i don't know where to start.
i was thinking that he applies for student visa but then again, how does he do dat, does he just go to the embassy and what?

I was also thinking that he apply to American schools and see if he gets accepted as an international student since he's an intelligent guy[b](he came first out of the whole graduating class)[/b]

any idea, at least where to start, right now he's going to university of Enugu state, studying Biochemistry

1. How didyou get to teh US? Abi u be oyibo?
2. Dont you know the US embasy website? go there you will see various ways one can visit   the US
3. He came out first, which school? and what do you mean by "first"-is that in secondary school?
4. How intelligent could he be that he doesnt know simple issues like vamoosing from Nigeria that even simple minded people know.
Na wa for you and your boyfriend,,  sorry your fiance o!!!
5. as for the University of Enugu state?where that one dey for Nigeria? no wonder !!!

good one?

Rubbish!!!

dumb posts gets dumb reply

@Topic,

One thing I love and hate about Nigerians is that they are very critical.

Today they like and applaud you

Tomorrrow they hate and judge you.

Dbanj is the talk of the town. He introduced koko mansion and the same Nigerians wrote him off.

2face is the best. His personal and private life became a source of hatred.


Na so we be.

Sooner than later, we will start hearing hateful messages about Rugged Man

OUTGOING police chief Mike Okiro launched yesterday a desperate battle to save his career from ending on a bitter note.

The retiring Inspector General of Police (IGP) denied allegations by Nigeria Deposit Insurance Corporation (NDIC) that he was part of the loan defaulters who killed Lead Bank Ltd.

NDIC had on Wednesday alleged that Okiro contributed to the bank’s insolvency by failing to repay credit facilities of more than N166 million extended to him between 2000 and 2001.

The corporation alleged that Okiro, as "a police officer and knowing the implication of forging a signature, signed a document as Bessy Okiro and which signature is consistent with your true signature as Sir Mike Okiro on some of the documents available to us".

Okiro, alleged the NDIC, secured the loan to finance a pipeline laying contract that he had won from Nigeria Agip Oil Company (NAOC). He used his family business enterprise, Hekiro Nigeria Ltd, to obtain the loan, it said.

It also accused Okiro of abuse of office and a breach of the code of conduct for public officers for using his office to secure the contract.

At his valedictory conference with senior police officers yesterday in Abuja, Okiro, who is retiring today, said the allegations were untrue and were mere frame-up by the NDIC in consonance with its Managing Director, Ganiyu Ogunleye, whom he accused of trying to tarnish his image as a pay back for the court case he (Okiro) instituted against him (Ogunleye) for alleged acts of fraud.

He said the company belongs to his wife who got the loan from the defunct Lead Bank to execute on Agip contract, adding that the money had been paid back.

Okiro said an agreement was reached that Agip should pay the contract sum directly to Lead Bank to offset the loan while his wife who maintained an account with the defunct bank would get her profit from the contract through the account after the debt might have been defrayed.

He added that unknown to his wife, Lead Bank ran into trouble and was suspended by the Central Bank of Nigeria (CBN) from foreign exchange handling, thereby prompting Lead Bank into opening an account with the defunct National Bank to handle its (Lead Bank’s) foreign currency transactions.

Okiro said Agip complied with the instruction by Lead Bank that the foreign currency payment meant for Lead Bank should be paid into the special account opened with the National Bank.

His words: "The contract sum was paid up by Agip. Lead Bank did not pay my wife her own share of the money paid by Agip while NDIC that had taken over the assets of National Bank had not deemed it fit to release the trapped fund.

"My wife did not owe NDIC or Lead Bank. NDIC was the one owing my wife.

"I challenge Ogunleye and the NDIC management to bring to public any document I (Okiro) signed on behalf of the company as a director of the company to prove the allegations that I forged a signature of my wife or anybody."

Parading a document on which lists of borrowers from defunct banks were written and forwarded to the Senate Committee on Banking, Insurance and Other Financial Institutions on the June 27, last year, Okiro said neither the name of his wife, his wife’s company’s nor his was listed as a debtor or a borrower, adding that the new move by NDIC was an afterthought.

In a July 20 letter to Okiro signed by NDIC lawyer, Okunade Olorundare (SAN), released in Abuja on Wednesday, the corporation demanded immediate re-payment of the loan within 48 hours.

NDIC noted in the letter that as at January 16, 2006 when the banking license of Lead Bank Ltd was revoked, Hekiro Nig. Ltd, which was being run as a family business by the Okiros was indebted to the bank to the tune of N166, 597,365.97.

Rights lawyer Femi Falana said yesterday that Okiro should face trial, if the allegations are found to be true.

He said: "Since the rule of law stipulates that nobody is above the law Mr Mike Okiro should be arrested and charged before the Code of Conduct Bureau and the High Court for alleged forgery under the Criminal Code, breach of Code of Conduct, corrupt practices and obtaining the sum of N166m by false pretences."

The alleged defection of Governor Ikedi Ohakim of Imo State to Peoples Democratic Party (PDP) takes place on the 25th of July 2009.

It would be recalled that newspaper publications within the last one week had purportedly reported that governor Ohakim of Imo state, who was elected under the banner of the PPA during 2007 election, would decamp to PDP on July 25, while it was also said that President Umaru Yar’Adua would attend the ceremony.


Nigeria: Good people, ,

The Nigeria Deposit Insurance Corporation (NDIC) has accused the Inspector-General of Police, Mr Mike Okiro, of contributing to the liquidation of Lead Bank Ltd.

NDIC alleged that Okiro contributed to the bank’s insolvency by failing to repay credits of more than N166 million extended to him between 2000 and 2001.

The corporation alleged that Okiro secured the loan to finance a pipeline laying contract that he won from Nigeria Agip Oil Company (NAOC), adding that he used his family business enterprise, Hekiro Nigeria Ltd, to obtain the loans.

The police reacted swiftly to the allegation, which they described as "blackmail".

In a July 20 letter to Okiro, NDIC lawyer Mr Okunade Olorundare (SAN), demanded re-payment of the loan within 48 hours. The corporation also accused Okiro of abuse of office and a breach of the Code of Conduct for public officers for using his office to secure the contract.

"Our client informed us that as at January 16, 2006 when the banking licence of Lead Bank Ltd was revoked, Hekiro Nig. Ltd, which was being run as your family business enterprise was indebted to the bank to the tune of N166,597,365.97.

"NDIC as a liquidator of Lead Bank Ltd wrote you a demand letter on May 9, 2007, asking you for proposal on how you would want to liquidate the debt. "By various documents submitted to us by our client, you personally guaranteed the loan by mortgaging your landed property at Abeokuta covered by certificate of occupancy number 022226 in the name of Mike Mbama Okiro, which you obtained while in Ogun State Command of the Police.

"From some of the documents passed to us, you signed as chairman, while in some, you signed as director for Hekiro Nigeria Limited.

"However, despite the fact that you are a police officer and knowing the implication of forging a signature, you signed as Bessy Okiro and which signature is consistent with your true signature as Sir Mike Okiro on some of the documents available to us.


"Apart from signing as Bessy Okiro, we have discovered that you did not declare your interest in Hekiro Nigeria Ltd to the Code of Conduct Bureau as required by the 1999 Constitution," the letter said.

Hekiro Nigeria Ltd, NDIC said, maintained a corporate account number 32620009260 with the Port Harcourt, Rivers State branch of the bank where the facilities were drawn.

The corporation said Okiro’s international passport number AO696925 was used in opening the account.

NDIC contended that after series of efforts to recover the loan, Okiro’s wife, Hera, paid N5million vide a Fidelity Bank cheque number 00553907 on April 30.

"Our instruction, therefore, is to demand for the immediate payment of the outstanding sum of N161,597,365.97 which was the accrued debt as at January 16, 2006.

"You are to deposit the above sum in our chambers or pay directly to NDIC, the liquidator of Lead Bank Ltd, within 48 hours from today.

"In addition to the above, it is our client’s further instruction to drag you before the Code of Conduct Tribunal and equally to write to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and related agencies to prosecute you.

"You are to comply with the above demand immediately, else, we shall carry out our client’s instructions to the hilt," the letter said.

Contacted, the Police Force Public Relations Officer, Mr Emmanuel Ojukwu, said the letter was directed to Okiro personally, adding that the alleged transaction was private not official.

Ojukwu said he recalled that the police had charged the NDIC management to court for alleged conspiracy and fraudulent deals with the recovered fund of Fortune Bank (in liquidation).

He said the allegation against Okiro could be a "hit back" by the corporation.

The police filed charges at an Abuja High Court against NDIC Managing Director, Mr Ganiyu Ogunleye and its Executive Director of Operations, Prof. Peter Umoh.

Also charged are two members of the Central Bank of Nigeria (CBN) -Interim Management Committee for Fortune Bank, Dr Joe Emerson, and Mr Innocent Ilozumba, a manager with Fidelity Bank, Adedapo Agboola and a former chief accountant of Fortune Bank, Pius Obeleke.

The police alleged that Ogunleye, Umoh, Emerson and Ilozumba unilaterally granted 60 per cent interest waiver on the indebtedness of Nasarawa State Government to Fortune Bank without the approval of the then Finance Minister, Dr Shamsuddeen Usman.

They were also accused of dishonesty in depositing the N1.058 billion recovered from Nasarawa State Government with Fidelity Bank, instead of a designated Fortune Bank Account number 023-01236-41-55-3 with CBN.

The corporation, however, submitted that the criminal charge was "frivolous and a crude attempt to intimidate its officials and divert their attention from recovering the outstanding debt of N161.9 million, owed by Okiro’s family to Lead Bank".

NDIC said on November 12, last year, Okiro’s wife met with its officials and sought an interest concession on the loan which was not granted.

@Poster,
Prof E.A.C Nwanze is no longer the VC of Uniben!
Please update this: PROF U.B GBENEDIO is the Acting VC

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