EXCLUSIVE: Bank documents expose how notorious gunrunner Ibikunle Amosun withdrew N7.2 billion in cash from Ogun State treasury - PeoplesGazette

Ibikunle Amosun has always seen himself as being above the law, which was why he disregarded decency and caution in handling public safety and finance throughout his eight-year stint as Ogun State governor.

Shortly after he left office as governor in May 2019, Mr. Amosun was exposed as a gunrunner in a series of articles by Premium Times. Over a year and a half later, he has not been brought to justice. Instead, he has remained a close ally of President Muhammadu Buhari, a relationship that has continued to shield him from being brought to book for complicating Nigeria’s perennial insecurity.

No sooner after he assumed office in May 2011 than the Gateway State descended into chaos. Armed robbery, abduction-for-ransom, cultism and political assassinations became rampant across the state.

But as residents were reeling from the disarray which they blamed on the governor’s “ineptitude,” Mr. Amosun was busy inflicting a generational assault on the state’s treasury, according to state financial records reviewed by Peoples Gazette.

The records showed that Mr. Amosun withdrew N900 million in 90 transactions at N10 million each on September 26, 2014.

On September 29, 2014, alone, Mr. Amosun collected N1.2 billion in 120 cash transactions at N10 million each from the state treasury.

The next day on September 30, 2014, Mr. Amosun again withdrew N600 million in cash over 60 transactions at N10 million each.

The transactions were pulled from Ogun State Government Expenditure Account by Taiwo Adeoluwa, Mr. Amosun’s cabinet secretary throughout his two-term tenure. In some other cases, the transactions were carried out on Mr. Amosun’s behalf by Olusegun Olaleye, then permanent secretary of the state’s finance ministry.



Mr. Amosun rejected multiple requests seeking comments from the Gazette about the transactions, but they came around the presidential primaries of the then-opposition All Progressives Congress.

Mr. Amosun supported then-candidate Muhammadu Buhari at the primaries and he has long been seen as one of those who provided a financial buffer for the Nigerian president. Nigerian politicians are generally known to bribe their way through primaries — using cash inducement to amass just enough number of delegates.

Cash and guns

Mr. Amosun’s questionable cash withdrawals appeared to have begun immediately after he assumed office in 2011 when Mr. Adeoluwa started drawing N10 million in cash transactions from the state’s bankers.

Although bank documents reviewed by the Gazette showed Mr. Amosun withdrew over N4.2 billion from Ogun State, only a fraction of that amount (N70 million) was identifiable as cash withdrawal. More than N4.1 billion bank withdrawals could not be traced because their descriptions were retroactively wiped out, an unethical and potentially criminal practice that has been common amongst Nigerian treasury looters and their collaborators in the banking sector.

The Gazette identified 716 transactions amounting to N7.22 billion that were drawn in cash public treasury by Mr. Amosun in 2011, 2012, 2014, 2016 and 2019. Over N14 billion in bank withdrawals could not be traced to specific descriptions in 2011 and 2019.

Our review did not cover transactions for 2013, 2015, 2017 and 2018 due to opaque financial records available for those years.

Mr. Amosun failed to clarify the transactions when confronted with the bank documents by the Gazette, apparently confident that anti-graft officials and other relevant law enforcement bodies would be too timid to go after him due to his friendship with the president.

Since he was exposed for smuggling arms into Nigeria in mid-2019, security agencies have been reluctant to hold Mr. Amosun to account. The Nigerian Senate also failed to investigate or sanction him for moving over 1,000 AK-47 rifles into Nigeria without permission.

On December 2, the Gazette exposed how Mr. Amosun transferred N12.5 million to Mr. Buhari for unknown reasons. The presidency in a statement denied our report, saying the funds were destined for a project which Mr. Amosun carried out for Ogun State but in the president’s name.

A spokesman for the EFCC did not return a request seeking comments about how Mr. Amosun squandered state funds between 2011 and 2019.

An anti-corruption campaigner Arisekola Bakare told the Gazette that Mr. Amosun has not been held to account for his mismanagement of Ogun State funds because he was succeeded by a man who was his long-time business associate.

“It is true that Governor Dapo Abiodun and Senator Amosun are now political enemies,” Mr. Bakare said from Sagamu. “But they were once friends and Abiodun received billions worth of public contracts when Amosun was governor.”

“Amosun is being protected at the federal level by President Buhari,” Mr. Bakare said. “While at the state level he is being protected by Governor Abiodun who is afraid of opening a can of worms that could expose both of them as fraudulent politicians.”

Download bank documents reflecting Mr. Amosun’s suspicious cash withdrawals in 2011, 2012, 2014, 2016 and 2019.

2011=https://files.peoplesgazette.com/2011-Ogun-State.pdf

2012=https://files.peoplesgazette.com/2012-Ogun-State-Doc.pdf

2014=https://files.peoplesgazette.com/2014-Ogun-State.pdf

2016=https://files.peoplesgazette.com/2016-Ogun-State.pdf

2019=https://files.peoplesgazette.com/2019-Ogun-State-Doc.pdf

Source: https://peoplesgazette.com/exclusive-bank-documents-expose-how-notorious-gunrunner-ibikunle-amosun-withdrew-n7-2-billion-in-cash-from-ogun-state-treasury/

Amosun is one of the most useless governor in Nigeria

I can't forget my years in Ogun , what I went through in oke aro , matogun, Alagbado, akute axis ,

Raining season of 2017 !

No matter what people are saying now that he's no longer the governor of the state, the fact remains that he performed very well in terms of urban renewal, agriculture, IGR and infrastructure


The current governor of the state is more or less like a lame duck he's behaving as if they are using remote control to manipulate him

Ogun state been having useless Governor since 1900BC this there present governor iz own uselessness is on First Class....

7.2bn sounds like better block for streets oh.
And this one na the one wey we hear of oh

and he's already at their retirement home (Senate)
how will Nigeria ever get better?

It is obvious that Amosun stole when he was governor. Infact he stole very big. But this newspaper should stop being a hypocrite by promoting one thief while vilifying another. On the page of this Amosun news, the newspaper or is it blog, is also promoting Okezie Ikpeazu of all people. This shows that they can be easily compromised. Smh.

You lied OP. There was no single gun in what he handed over. He has his faults though but what you posted are lies upon lies. Amosun era was the safest in the history of ogun state. OGD was known as the grand patron of bad boys but when amosun came, he dislodged all of them hence the need to fortify the police.

You're being economical with the truths. Amosun increased IGR from paltry N700m to N7bn,the highest in the history of the state. Osoba left the IGR at N350m/month which OGD could only doubled for his 8yrs stint, same period amosun increased it to N7bn. He constructed 7 flyovers in Abeokuta alone, expanded all major roads to standard dual carriage way.

Reasonable investments are now coming into ogun state due to his legacy termed Mission to Rebuild. No governor in the history of the state attracted the volume of companies brought to ogun state during his time. He has his faults but we that live in the heart of ogun state knows he tried. Remember no governor can satisfy every areas of the state ditto Fashola and even Donald Duke.

Dapo has been a farcry to what amosun left behind. Instead for the IGR to be doubling, it's now decreasing every month. He's busy building roads meant for LGA across the state. You will think they forced him to govern. He hasn't slept in Abẹ́òkúta for a day since his assumption. Locals don't even feel whether they have a governor or not. The man is totally clueless.

OP, if you were being sponsored to write that trash up there it will be good for you to bring it down. Amosun was bad in some areas, yes, but not what you wrote up there.


Get conscience for once in your life.

What has fun running got to do with embezzling funds

Nonsense write up. Go to your State to pull down your leaders. We Yoruba are no longer supporting pull him down projects again. Launch against your leaders in ala Igbo and arewastan

Hhh

Naso

Na their way. I am not ready to download any file.

This guy loot the entire treasury of the state leaving the poverty ravaged citizens to mine skull daily... to afford a paltry morsel of amala

What a joke.

majamajic:
Amosun is one of the most useless governor in Nigeria

I can't forget my years in Ogun , what I went through in oke aro , matogun, Alagbado, akute axis ,

Raining season of 2017 !

.Amosun!

.
"How Notorious Gunrunner Amosun Withdrew
N7.2 Bn Exposed By Bank - PeoplesGazette"


With this headline alone, it is certain someone is out to destroy Amosun.


Modified*

etokhana:
The next day on September 30, 2014, Mr. Amosun
again withdrew N600 million in cash over 60
transactions at N10 million each.
Source: https://peoplesgazette.com/exclusive-bank-documents-expose-how-notorious-gunrunner-ibikunle-amosun-withdrew-n7-2-billion-in-cash-from-ogun-state-treasury/

.

If this is true

Boys in Ogun state need to start ransacking all his Properties in the state, especially villages because that's where greedy politicians hide looted cash.


.

We all know he stole...

But he's a sacred cow because he's Buharis son

For the umpteenth time.....

May all politicians that have stolen from our national treasury never end well in life, along with those supporting them.....no matter the party they are.

Okay

Get a professional business or company logo done for just 3k only and get all the following files of your logo;

1, High quality 3D logo
2, Transparent background logo for watermark
3, Plain logo for letterhead, business card, Id card etc
4, Pdf copy of your logo.
Call/WhatsApp me via the number on the image below.
The link to my WhatsApp is in my signature

Evidence of gun running

this should be investigated

The headline smacks of premeditated slander so I didn't even bother reading

Speechless
Only God can save Nigeria

Ok

In as much as I do not support criminality, this post looks entirely political