laudate:

Guy, you don talk am finish. Nothing more to add. Balloski, I hope this answers your questions?

cc: Anansek,

bros, me sef don give up.

The question is easy please answer it,and stop beating around the Bush.the fact is no crime has been commited .I can empty any of my account into another.it is my money.none of the account where linked to the minister rather it was his brother,the money in question has not been linked to any crime.this is a disgrace if this report truely came from EFCC because this wouldnt indicate that they do not know what they are doing

jomoh:



Please delete this post if yours its embarrassing.


Investment of a company liquidated into a private account? And you say there's nothing wrong with it? You need to talk to an auditor to explain what it means to you.

Tribalism can not help you,the fact remain and no politicain in Nigeria can claim he doesnt know it.Buhari is incorruptible.so because your brothers cant milk the country dry again una dey vex for am.the truth is with reckless sharing the country would die.are am sayibf they are no corrupt people in his government,hell no but as we pick them baba would do the needful

Princedapace:


'm sorry for u bro.. Buhari and his gangs are raping this country dry.

Buhari is not different from others.. Just that his own is worse becus he is a bigot. An ethnic bigot is a dangerious one.

Buhari boys are raping the economy. His sentiment and ethnic bigotry are making them commit economic sabotage and go free..

Nigeria may collapse if APC wins a second term. Mark my words. Evils are been done daily in Abuja by top APC big wings and Buhari boys bro.

adanny01:

So what?

He is a minister but not in charge?

You sound like the democrates in the state.who believe that the people are too stupid to know what is good for them and they democrates are well breed to order there lifes.Buhari is the best leader at this time better than GEJ even though I respect GEJ in his personal capacity,I disliked his wife in all capacity.as for the economy we are not fools,that it happened is as a result of GEJ boys and girls they recked havork on the treasury and the bubble finally busted when Buhari took over.so do not under estimate the capacity of the man in the street

ReubenE:

It is very unfortunate you hold the opinion that Nigeria is not finished already.
It is legendary that people like you still hold the view that Buhari is the man when all facts points in the opposite direction.

Its absurd to think Buhari just maybe is using some charm to garner followership but again I do not think there is any charm potent enough to bewitch a large number of people like his followers.
If that be the case, then what is wrong with all this people that refuse to see beyond president Buhari's pretence that he is as bad as those we condemn?

Though, I agree with you that President Buhari is the last of his kind. His kind only administer pain, anguish, hunger, worthlessness and death.
He is the last of his kind because Abacha is gone, Idi Amin Dada, Mobutu Sese sekou, Pharoah, Benito Mussolini, Hitler, Stalin etc they are all gone.

The memo from VP written since May 2016 before the president fell sick is now what you are leaking in October 2017 as a response to age long Northern parasitic manipulation of Southern Nigeria resources without bringing anything tangible to the table other than the large population liability & the integration of your arewa brothers in Niger, Chad, Cameroun, Ghana, Togo, etc into the nation's burden.

Since inception, only northerner has occupied the EFCC chairmanship position. For a very long time, Custom CG is reserved for the North. Yaradua retired baba Fadahunsi to prevent a Yoruba man the most senior as at that time from becoming the Custom CG. The only southerner NSA I can remember died from a Navy Helicopter crash. But the northerner fought with everything to become the EVC of Nigerian Communication Commission.

Having gone through your belated may 2016 northerner EFCC probe report which has been in public knowledge to some people in the sector, it is the continuation of allegations levelled to remove Kachikwu when he was GMD of NNPC. He is Executive Vice Chairman of ExxonMobil in Africa before he was invited by government.

It is normal for your people to always see federal govt MDAs as their birth right properties disrespecting bosses from South & not following any laid down rules. This EFCC report is belated, dead on arrival, what we want is the president response to
the Minister's letter.

fyneguy:


Are you kidding?

An oil firm transferred money into a private investment account, only for same to be liquidated into DUMEBI KACHIKWU's account? An account that had nothing to do with the inflow.

Na wa o

As if half of those screaming even know what liquidated means, why didn't they act on this since last year punish whomever was found culpable, why unearth an incomplete report because the minister blew the whistle? If this report is credible, it's even more indictment on the President's part, when let it go since last year? Scratch my back I scratch yours?

Fool, u see, you are more worried about a borrowed language than d rubbish u spit out, animal living in the Zoo.

ojlifa:
I would think you should be more sorry for yourself because if you read what you wrote it is clear you have some mental issues

ojlifa:
The question is easy please answer it,and stop beating around the Bush.the fact is no crime has been commited .I can empty any of my account into another.it is my money.none of the account where linked to the minister rather it was his brother,the money in question has not been linked to any crime.this is a disgrace if this report truely came from EFCC because this wouldnt indicate that they do not know what they are doing

Yes no crime has been commuted and the report also states that investigation is still ongoing to determine the reason why but the fact is that there can never be a reason for the investment of a company to be liquidated into the account of another company. Two separate entities that has no stake in each other.

It might not be the kind of crime your mind sees(stealing and stuff) but it is a financial misnomer that makes it a crime. transfering the investment of a company to another is not a crime but liquidating the invesment(asset) of a company into the account of another company without a letter to show for the transfer of investment is a crime.

Even the bank would be in trouble when the sh!t hits the fan.

ideylaff:


Kachickwu has always bn a deals man don’t be fooled by the sharp suits and all. Way back from. Mobil days he’s always bn mr 50/50 but in a very quiet and subtle way.

He’s crying coz the deals he planned have bn cornered nothing more.

He’s Gov Uduaghans person what do you expect?

He was appointed by Buhari through Danjuma and IBB. They are all into dodgy stuff.

Baru could be wrong but both are culpable in all

See them bunch of blackmailers.

So they have this EFCC report, yet they kept quite till now.

istandfortruth:
Aha! I've been expecting this. You speak against this government then suddenly the EFCC remembers you in thier so called antigraft war. Same tactic repeated over and over again. Kachikwu is no fool, he won't have a genuin case to answer EFCC and yet accuse a serving GMD of corruption because he knows the usual response from this government is counter accusation. They do this because they know that gullible Nigerians will forget the first accusation and follow whatever the media feeds them with

Can you speak in dates please...everybody is a suspect

ojlifa:
Wonderful now please quote what chapter of the consitition that voilate or tell me the name of the crime? I repeat this is the.most useless report an investigating organization can release

Can you also quote the chapter of constitution that says GMD of NNPC cannot award contracts..

In nigeria it is either we kill tribalism or it would kill us.the NNPC GMD limit is 20million dollars without recourse to the board.he is alleged to be at 20billion without recourse to the board in fact he doesnt attend board meeting.this is the same reason OBJ jailed bode George

chngebeginwthme:


Can you also quote the chapter of constitution that says GMD of NNPC cannot award contracts..

ojlifa:
In nigeria it is either we kill tribalism or it would kill us.the NNPC GMD limit is 20million dollars without recourse to the board.he is alleged to be at 20billion without recourse to the board in fact he doesnt attend board meeting.this is the same reason OBJ jailed bode George

LOL so Bode George work with NNPC? LOL wetin we no go hear.. Buhari is the Minister of Petroleum and Kachikwu is just Minister of State..

Ddaji:
Despite the clear evidence of transferred to dumibi kachukwu some people are bend on depending corrupt minister forgetting both baru and kachukwu are appointee of Buhari.As for me I will neither depend baru no kachuckwu they are all capitalist elite, let the government do proper investigation and do the needful,which i doubt if they can do going by fate of Lawal and oke report. This confuse people today forget that kachukwu is fro Nigeria and anti biafra.

Oga, abeg next time, use Defend.

jayson87:
Wonder why some persons are vehemently defending corruption. See them defending Kaichukwu. Damn! Tribalism and Nepotism are the order of the day in this country.

So you guys think only NNPC GMD can steal and kaichukw is a saint. Dream on!

STOP DEFENDING CORRUPTION! Corruption is Corruption

If you continue to reason in this manner, you may not go far. The allegation raised against kaichukwu happened before he was nominated as minister. Moreover this has to do with his company fund not public fund for God sake. Let me educate you, you can liquidate your investment to any account in as much you give an instruction to that effect. People do such to avoid double payment of account maintenance fee.

Try to reason like sane human.

ojlifa:
I do not think you know what you are talking about President Buhari is the last of his kind the only one left in Nigeria.in fact if not for him Nigeria would have finished.I always say it God has specail love for Nigeria.with the rubbish GEJ boys and girls did.Nigeria was on life support when PMB took over it is called economic bubble go and check it up

Nigeria was on life support and we were not as hungry as today?
Who do u tink u r talking to sef? Fools?

jomoh:



Yes no crime has been commuted and the report also states that investigation is still ongoing to determine the reason why but the fact is that there can never be a reason for the investment of a company to be liquidated into the account of another company. Two separate entities that has no stake in each other.

It might not be the kind of crime your mind sees(stealing and stuff) but it is a financial misnomer that makes it a crime. transfering the investment of a company to another is not a crime but liquidating the invesment(asset) of a company into the account of another company without a letter to show for the transfer of investment is a crime.

Even the bank would be in trouble when the sh!t hits the fan.

I hate it when people speak from both sides of their mouth.

I still do not understand where the crime is and how it concerns Ibe Kachukwu. A company (or an individual) can transfer cash to any company or anybody. As long as the money is not being transferred from public purse and the company transferring or receiving the money has not made any complaint, i do not see the business of the government in this.

ojlifa:
Tribalism can not help you,the fact remain and no politicain in Nigeria can claim he doesnt know it.Buhari is incorruptible.so because your brothers cant milk the country dry again una dey vex for am.the truth is with reckless sharing the country would die.are am sayibf they are no corrupt people in his government,hell no but as we pick them baba would do the needful

e go clear for una eyes.. what has he done to chief of army staff? How much was spent on ur Buhari's head in his home town?

I just dey pity u.. na everyone criticizing Buhari is now a PDP supporter... and corrupt person abi? sorry, by the time APC completes and leaves office, we all go hear their own story na including ur buari..

u saying buhari is incorruptible shows how shallow u are as a person. U are far from being intelligent bro. Im sorry, no human is incorruptible bro.

Dee60:

The purported letter from VP to the President looks very very fake. The VP who is a professor of law and a SAN cannot in my opinion sign such a terrible letter filled with grammatical errors. Its fake.

He is a yoruba professor, anything is possible.

wirinet:


I hate it when people speak from both sides of their mouth.

I still do not understand where the crime is and how it concerns Ibe Kachukwu. A company (or an individual) can transfer cash to any company or anybody. As long as the money is not being transferred from public purse and the company transferring or receiving the money has not made any complaint, i do not see the business of the government in this.

Oga ignorance is written all over you and your sentiment is blinding you from seeing the obvious error in your analogy.

There's a very huge, really huge difference between investment and cash that you are referring to.

Cash can be transferred by anybody to anyone no doubt but liquidated investment cannot unless expressly stated in letter to the financial institution and some explanation has to be provided to EFCC why the Investment was liquidated into another company's account and not the investing companies account.

Why didn't the company wait for the investment to liquidate into its own account and then transfer the cash to the receiving account.


EFCC is empowered to investigate anybody corporate or individual, private or public, as long as they have financial dealing within the jurisdiction or Nigeria and especially when they are relatives of government officials.


Stop wasting time embarrassing yourself here and get proper education on how government works.

jomoh:



Oga ignorance is written all over you and your sentiment is blinding you from seeing the obvious error in your analogy.

There's a very huge, really huge difference between investment and cash that you are referring to.

Cash can be transferred by anybody to anyone no doubt but liquidated investment cannot unless expressly stated in letter to the financial institution and some explanation has to be provided to EFCC why the Investment was liquidated into another company's account and not the investing companies account.

Why didn't the company wait for the investment to liquidate into its own account and then transfer the cash to the receiving account.


EFCC is empowered to investigate anybody corporate or individual, private or public, as long as they have financial dealing within the jurisdiction or Nigeria and especially when they are relatives of government officials.


Stop wasting time embarrassing yourself here and get proper education on how government works.

Are you sure you read the report or you just too much in a hurry to crucify Emmanuel Ibe Kachikwu, that you are blind to reason.

What do you mean by there is a difference between investment and cash? We are not talking about physical investment, we are talking about investment account . It is a bank account. I have been doing business in this country for over 20 years, and i have numerous types of accounts, believe me there is little difference on how people and banks themselves treat the different accounts. Sometimes people transfer cash into my corporate account, sometimes from abroad for nothing to do with my business. Sometimes, people transfer money for business purposes into my saving account. Because the account is termed "investment Account" does not mean money for all sorts of issues cannot be transferred to or from that account. If you say it is unprofessional, i agree, you can even say it is unethical, i sill agree, but to term it a crime is preposterous.

Now, now where was Emmanuel Ibe Kachikwu mentioned in the whole letter, except where it says "upon receipt of additional intelligence relating to duchess energy ltd, Emmanuel Kachikwu and Dumebi Katchikwu (i wonder what that means), it was talking mainly about Dimebi Kachikwu and one Olatimbo (i suspect Olabimbo) Ayinde. Now, if the alleged crimes were committed by these duo, why not arrest them and take them to court, what concerns Ibe Kachikwu, or is Ibe Kachikwu going to be responsible for all crimes committed by any one named Kachikwu.

This sound like people looking for anything to nail kachikwu, for raising questions on the allege monumental fraud going on at the NNPC. it is not different from how Sanusi was witch hunted out of CBN for raising similar issues.

factsandfigures:
Sensible Nigerians are expecting this familiar line. Very soon they will come with reports on how Kachikwu stole billions from NNPC and how he built mansions in Venus and Mars. They just succeeded in exposing the demonic manoeuvring that has been going on. This report was written more than a year ago and if Kachickwu was indicted, why was he retained as Minister of State for Petroleum? How many of such reports have been written about other Ministers that are being held to be released whenever they refused to fall in line?

We would not be surprised if they even discovered billions of Naira in his apartment. The line is simple: Speak against the APC government and you will be tagged corrupt!
The sad realities is that some Nigerians even professors and SANs have been afflicted with conspiracy of blindly supporting the unsupportable!

It's a pity this is what tinubu and co brought to nigeria due to very selfish reasons what a shame.

wirinet:


Are you sure you read the report or you just too much in a hurry to crucify Emmanuel Ibe Kachikwu, that you are blind to reason.

What do you mean by there is a difference between investment and cash? We are not talking about physical investment, we are talking about investment account . It is a bank account. I have been doing business in this country for over 20 years, and i have numerous types of accounts, believe me there is little difference on how people and banks themselves treat the different accounts. Sometimes people transfer cash into my corporate account, sometimes from abroad for nothing to do with my business. Sometimes, people transfer money for business purposes into my saving account. Because the account is termed "investment Account" does not mean money for all sorts of issues cannot be transferred to or from that account. If you say it is unprofessional, i agree, you can even say it is unethical, i sill agree, but to term it a crime is preposterous.

Let me school you a bit but before I go on let me tell you about myself. I am a trained accountant who had worked in 2 different commercial banks. Particularly booking investments and helping to liquidate investments. Something I did for quite a number of notable Nigerian businessmen.

Now when they say investment account, it does not mean their's a particular account dedicated for such by the bank. An investment account is opened for you when you decide to make an investment and it automatically closes the moment the investment matures and its liquidated. You cannot transfer a single kobo from an investment account. You can only decide to liquidate the investment before the maturity date which is called draw down. Now if you are a private investor or individual, you may decide to liquidate the investment into any account that you provide but for a corporate account, you have to present a resolution if the company's board or shareholders to be able to liquidate the investment into another company's account.

It now becomes a crime because the report didn't state that there was a letter to that effect.

It becomes a crime because you cannot just transfer N1bn cash into another unrelated company's account let alone liquidate an investment into another unrelated company's account. There has to be a resolution signed by the shareholders of the company at an extraordinary general meeting to do so and their has to be a very tangible reason for such. If no tangible reason is given it will be interpreted as laundering money for a particular person in the company or the company is trying to avoid tax. Either which is a serious crime in any country.

Now, now where was Emmanuel Ibe Kachikwu mentioned in the whole letter, except where it says "upon receipt of additional intelligence relating to duchess energy ltd, Emmanuel Kachikwu and Dumebi Katchikwu (i wonder what that means), it was talking mainly about Dimebi Kachikwu and one Olatimbo (i suspect Olabimbo) Ayinde. Now, if the alleged crimes were committed by these duo, why not arrest them and take them to court, what concerns Ibe Kachikwu, or is Ibe Kachikwu going to be responsible for all crimes committed by any one named Kachikwu.

The fact that Ibe Kachichwu's name is mentioned in the same line as his brother's and Energy resources (the company) may goes to show that the two of them may have stakes in the company or they may not. If they do, it will make both of them to be liable to litigation when the veil of incorporation is lifted.

And remember the investigation is actually about the minister and everything surrounding him will be touch-lighted to reflect any wrong doing.

This sound like people looking for anything to nail kachikwu, for raising questions on the allege monumental fraud going on at the NNPC. it is not different from how Sanusi was witch hunted out of CBN for raising similar issues.

Yes it may sound like that but I am not part of those people cos you've not seen where I mentioned categorically that Ibe kachikwu is directly involved. I only cleared your submission that no crime was committed.

Like I said earlier, it is all politics. The aim was to paint him bad by informing the public that he was under investigation but your submission that no crime is committed is not an excuse cause obviously a crime has been committed unless a meaningful explanation is provided and the explanation may and may not eventually be linked to Ibe Kachikwu.

adanny01:


You said you've read through our exchanges but somehow you missed this part.

I hope it answers your question.

I hope you also see why I cannot just start replying you with another long epistle.

Sorry for the insults.

jomoh:


Let me school you a bit but before I go on let me tell you about myself. I am a trained accountant who had worked in the 2 different commercial banks. Particularly booking investments and helping to liquidate investments. Something I did for quite a number of notable Nigerian businessmen.

Now when the say investment account, it does not mean theirs a particular account dedicated for such by the bank. An investment account is opened for you when you decide to make an investment and it automatically closes the moment the investment matures and its liquidated. You cannot transfer a single kobo from an investment account. You can only decide to liquidate the investment before the maturity date which is called draw down. Now if you are a private investor or individual, you may decide to liquidate the investment into any account that you provide but for a corporate account, you have to present a resolution if the company's board to be able to liquidate the investment into another company's account.

It now becomes a crime because the report didn't state that there was a letter to that effect.

It becomes a crime because you cannot just transfer N1bn cash into another unrelated company's account let alone liquidate an investment into another unrelated company's account. There has to be an agreement signed by the shareholders of the company to do so and their has to be a very tangible reason for such. If no tangible reason is given it will be interpreted as laundering money for a particular person in the company or the company is trying to avoid tax. Either which is a serious crime in any country.



The fact that Ibe Kachichwu's name is mentioned in the same line as his brother's and Energy resources (the company) maygoes to show that the two of them may have stakes in the company or they may not. If they do, it will make both of them to be liable to litigation when the veil of incorporation is lifted.

And remember the investigation is actually about the minister and everything surrounding him will be touch-lighted to reflect any wrong doing.



Yes it may sound like that but the I am not part of those people cos you've not seen where I mentioned categorically that Ibe kachikwu is directly involved. I only cleared your submission that no crime was committed.

Like I said earlier, it is all politics. The aim was to paint him bad by informing the public that he was under investigation but your submission that no crime is committed is not an excuse cause obviously a crime has been committed unless a meaningful explanation is provided and the explanation may and may not eventually be linked to Ibe Kachikwu.

Lecture learnt and correction taken.

We both agree that it is pure politics. At worst the companies and its stated directors could be guilty of money laundering, but I still insist nothing in the said letter implicated Ibe Kachukwu.

EFCC said they have been instigating this case since September 2015, even before Ibe Kachikwu was appointed minister, Is EFCC telling us that they could not conclude simple financial transactional investigation within 2 years? So what is the purpose of the letter? What do they want the vice president to act on when they have not reached any conclusion in their investigation?

wirinet:


Lecture learnt and correction taken.

We both agree that it is pure politics. At worst the companies and its stated directors could be guilty of money laundering, but I still insist nothing in the said letter implicated Ibe Kachukwu.

EFCC said they have been instigating this case since September 2015, even before Ibe Kachikwu was appointed minister, Is EFCC telling us that they could not conclude simple financial transactional investigation within 2 years? So what is the purpose of the letter? What do they want the vice president to act on when they have not reached any conclusion in their investigation?

Like we agreed on, its all politics.


There's nothing bad in EFCC investigating a minister. But it is bad that someone can leak the information to the press. Honestly there should be security clearance for people to have access to this kind of info and who ever leaked it along the security clearance line can be traced and dealt with. Stuffs like this are normal in government of any country but if allowed to go out, it creates problem and unsettles the populace.


If EFCC had been on it since sept 2015 before Ibe was appointed, then it must have been part of the back ground check on the minister before appointment. Background security check does not mean the person v big investigated is guilty it is to check if he is clean enough or if his baggage can be managed. But then it should never have been made public by anyone. It means Nigeria as country cannot do anything in secret without the world knowing.

jomoh:


Let me school you a bit but before I go on let me tell you about myself. I am a trained accountant who had worked in the 2 different commercial banks. Particularly booking investments and helping to liquidate investments. Something I did for quite a number of notable Nigerian businessmen.

Now when the say investment account, it does not mean theirs a particular account dedicated for such by the bank. An investment account is opened for you when you decide to make an investment and it automatically closes the moment the investment matures and its liquidated. You cannot transfer a single kobo from an investment account. You can only decide to liquidate the investment before the maturity date which is called draw down. Now if you are a private investor or individual, you may decide to liquidate the investment into any account that you provide but for a corporate account, you have to present a resolution if the company's board to be able to liquidate the investment into another company's account.

It now becomes a crime because the report didn't state that there was a letter to that effect.

It becomes a crime because you cannot just transfer N1bn cash into another unrelated company's account let alone liquidate an investment into another unrelated company's account. There has to be an agreement signed by the shareholders of the company to do so and their has to be a very tangible reason for such. If no tangible reason is given it will be interpreted as laundering money for a particular person in the company or the company is trying to avoid tax. Either which is a serious crime in any country.



The fact that Ibe Kachichwu's name is mentioned in the same line as his brother's and Energy resources (the company) maygoes to show that the two of them may have stakes in the company or they may not. If they do, it will make both of them to be liable to litigation when the veil of incorporation is lifted.

And remember the investigation is actually about the minister and everything surrounding him will be touch-lighted to reflect any wrong doing.



Yes it may sound like that but the I am not part of those people cos you've not seen where I mentioned categorically that Ibe kachikwu is directly involved. I only cleared your submission that no crime was committed.

Like I said earlier, it is all politics. The aim was to paint him bad by informing the public that he was under investigation but your submission that no crime is committed is not an excuse cause obviously a crime has been committed unless a meaningful explanation is provided and the explanation may and may not eventually be linked to Ibe Kachikwu.

About the bolded, who has committed the crime, the bank that approved an illegal transfer or the person whose account is the destination.

EFCC can do all the investigations they like, it will never make sense to rope Ibe Kachikwu's name in something that does not directly relate to him or his immediate family.

adanny01:


About the bolded, who has committed the crime, the bank that approved an illegal transfer or the person whose account is the destination.

EFCC can do all the investigations they like, it will never make sense to rope Ibe Kachikwu's name in something that does not directly relate to him or his immediate family.

This is why you should not jump into people's conversation when you don't know the genesis and its eventual revelation. It makes you look stupid and dumb.

jomoh:


This is why you should not jump into people's conversation when you don't know the genesis and its eventual revelation. It makes you look stupid and dumb.

Those who are quick to rain insults actually donot have anything to give.

I asked a simple question, you obviously have no answer in your arsenal but a lot of insults.

There are no conversations on NL, there posts. Anyone can quote and post. Dont act dumb, it doesnt fit your argument.

adanny01:


Those who are quick to rain insults actually donot have anything to give.

I asked a simple question, you obviously have no answer in your arsenal but a lot of insults.

There are no conversations on NL, there posts. Anyone can quote and post. Dont act dumb, it doesnt fit your argument.

The more you try to justify the dumber you appear.

If you had bothered to follow the trail of comments between the person and I you wouldn't have commented cos the answer that eludes you had already been trashed in the comments. You don't expect me to start repeating my comment to everyone in your dumb category every time they asked that question.


It pays to read and a very important virtue of intelligence is patience and proper investigation.

MaziOmenuko:
Where was this OP when this issue was addressed and laid to rest since last year? Try again with something more substantial, this one is dead on arrival.

Meanwhile, this Paints the presidency in more bad light. It looks more like a presidential witch hunt which everyone has been anticipating.

Simple!

The same way the Barus's case was addressed and laid to rest since last month.