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Failed Banks: Odili, Lafiagi, Others Fingered

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Senators on Tuesday named Nigerians who abused their positions in banks, borrowed loans worth N53.3 billion, and refused to pay them back, which made the banks to go under.

A report presented to the senate by its committee on banking, insurance and other financial institutions listed a former governor, a former managing director of banks as contributors to such collapse.

A letter dated June 27, 2008 sent by the Nigerian Deposit Insurance Cooperation (NDIC) to the senate NDIC committee attached a list of ‘insider credits’ of 13 closed banks as at June 2008.

But it noted that in view of the fact that the accounts are insider related, the records are constantly reviewed and reconciled.

Those listed include former Kwara State Governor, Mohammed Lafiagi (N1,156,776.57 unlimited personal guarantee); Sanusi Ado Bayero (N45,003,963.93); former Gulf Bank Managing Director, Babajide Rogers (N11,874,216.56); Chrome Services and Related Companies chairman, Emeka Offor (N3,850,016,620) personal guarantee of Offor and 100,000 units of ordinary shares of Environmental Remediation Holding Corporation, USA), and another N3,850,016,620 loan without guarantee.

Victor Odili, N41,103,498.56 – fixed and floating debenture on the assets of the company, N2,628,979.05; N10,856,129.75.

Owner of liquidated All States Trust Bank now Federal Airports Authority of Nigeria (FAAN) chairman, Ebitimi Banigo, Nta Henshaw, and others (N48,551,995,304.83); former Progressive Peoples Alliance (PPA) Governorship candidate Remi Bakare (N1,093,247,535.40); Mike Ajegbo (N210,291,896.21); C.M. Ibeto (N643,340,680.92); and former Information Minister, Dapo Sarumi (N3,847 743.90).

Oluwaogbon Motors chairman, S.O. Bakare (N544,585,269.86 and N21,311,398.59); former City Express Bank chairman, Samuel Adedoyin; former City Express Bank chief executive officer, Sola Adeoti, Former Minister of State for Health, Funke Adedoyin (N5,131,275,864.01); and Angela Onyeador (N30,755,363.13-legal mortgage).

Committee chairman, Nkechi Nwaogu, noted that 50 banks failed because of the huge debts that were never paid, including 36 which crashed before consolidation in 2005, and 14 after consolidation.

But less than two minutes after she read out the list, threatening death text messages flooded her mobile telephone, according to Eyinnaya Abaribe who sat beside her.

Based on the death threats, senate president David Mark, directed the inspector general of police, Mike Okiro, to provide personal security for all the 12 members of the committee immediately.

He lamented that the debtors could go to the extent of threatening the lives of the committee members when they are supposed to be ashamed.

Mark told the committee members: “You have performed wonderfully well and there is absolutely nothing for you to fear because you have done what you ought to do for your country.

“All those sending text messages to you should think twice about what they have done to this country rather than having effrontery to send text messages to you.

“All of us here take collective responsibility for this report. It is not a report from senator Nkechi Nwaogu”

Chairman, Rivers State Council of Traditional Rulers and Oba of Ogbaland, HRM, Eze Chukwumela Nnam Obi (right), with former Head of State, Major-General Muhammadu Buhari as guests at the first Marshall Harry Memorial Lecture in Port Harcourt, last Monday. Chris Monyanaga.

Chairman, Rivers State Council of Traditional Rulers and Oba of Ogbaland, HRM, Eze Chukwumela Nnam Obi (right), with former Head of State, Major-General Muhammadu Buhari as guests at the first Marshall Harry Memorial Lecture in Port Harcourt, last Monday. Chris Monyanaga.

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Group Honours DPO 

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A non- governmental organisation under the aegis of South South Media Association has presented an award to the Divisional Police Officer, Omoku ,CSP John Ladan.
The event which held recently in Omoku in Ogba/ Egbema/Ndoni Local Government Area of Rivers State, saw the attendance of top ranking officers and well wishers who gathered to celebrate an icon.
Presenting the award, the Chairman of the group, Kio Hopeson, said following the DPO’s selfless service to humanity, peace and development of the society, the group found him worthy to receive the award.
Hopeson  hinted that the award had long been overdue, as his posting to Omoku had brought about peace, social harmony and drastic reduction of crime, saying, his open door policy and ensuring that every stakeholder is carried along in the fight against crime, was a contributing factor.
He said their investigation revealed that the people were extremely pleased with the reduction of crime under his watch in the area, stressing that his effort to interface with everyone has boosted the cooperation between the police and the residents.
On his part, the recipient, CSP John Ladan thanked the group for the honour done him.
The DPO expressed his gratitude to God and the Commissioner of Police for the support given him to serve.
He urged the people to see the police as friends as their job is protection of lives and property.

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Rivers Begins Screening Of National Health Fellows

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As part of efforts towards enrolment into the National Health Fellows programm of the Federal Government, the Rivers State Government in partnership with the World Health Organisation, (WHO) and other development partners has started the process of interviews for the selection of   health professionals to be enrolled into the  programme.
The National Health Fellows Programme is an interventionist  initiative by the Federal and State Governments following the declaration of a state-of-emergency on the health sector by President Bola Ahmed Tinubu in 2023.
The initiative is aimed at reducing the physical and financial burdens on health-seeking Nigerians.
Briefing newsmen in Port Harcourt, the Acting Director, Research and Planning, Rivers State Ministry of Health, Dr Juliane Nwoke, who spoke on behalf of the State Commissioner for Health, Dr Adaeze Oreh  said the programme is expected to enrol 774 persons representing each of the local government areas in the country.
In Rivers State, she said 23 persons are expected to emerge from the 69 shortlisted candidates, adding that already, nine persons have been interviewed, adding that the successful candidates would be engaged by the Federal Government for a period of one year to support the provision of healthcare services especially public health at both local, state and national levels.
She explained that core areas of competencies  of shortlisted candidates includes public health, proficiency in Information and Communication Technology and data management.
“We have interviewed already, about nine candidates and by the end of today, we’ll be interviewing about 29 candidates.
“The interviews will end officially today for Rivers State because we are expected to interview 69 candidates.
“Specific competencies were considered in the selection process with interest on competencies in public health, ICT and data management, so we received the shortlist of candidates which we expect are based on these competencies.
“As you may know, there is a global and local shortage of manpower, so the 23 who qualifies in this round will add to the skilled manpower that is needed to drive healthcare delivery.
“As per impact, this fellows would be engaged directly by the Federal Government for a period of one year to support healthcare delivery and population health management at the local government, state and perhaps national levels, working directly from their LGAs,” she stated.
Dr. Nwoke assured shortlisted candidates of fairness in the screening process, maintaining that only the best will emerge at the end of the exercise.

John Bibor

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NCSU Rejects Supreme Court Judgments …Says Nigeria Drifting To Banana Republic 

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The Nigeria Civil Service Union(NCSU) has described as unacceptable, callous, wicked and cruel the judgments and pronouncements of the Supreme Court last Friday, concerning Rivers State political crisis, saying they are nothing to write home about.
This is even as the union has said Nigeria is fast drifting to a Banana Republic, where the rule of law is not upheld but thrown overboard.
The union equally took to the cleaners the Justices, who gave the judgments and pronouncements, for allegedly mortgaging their consciences, and urged Rivers State Governor, Sir Siminalayi Fubara not to obey the judgments until such a time that the case bordering on the defection of the 27 pro-Wike lawmakers, pending at the Court of Appeal is dispensed with.
The Rivers State Chairman of NCSU, Comrade Chukwuka Richman Osumah, who canvassed this position in an interview in Port Harcourt, particularly described the judgment ordering the Central Bank of Nigeria(CBN) and the Accountant General of the Federation not to release the Federal Allocations of Rivers State as not only callous and wicked but cruel and self-serving.
He said civil servants in the State in particular reject the judgements and pronouncements of the apex court in their totality, and enjoined them to rise up against all plots and machinations to unseat the Governor, as a demonstration of their love, support and solidarity for him, contending that folding their arms and watching the plots to succeed, would amount to giving the enemies of the State a free rein to overrun the State.
He said the workers firmly believe that those fighting Governor Fubara, are not only fighting him but the people of the State, and enjoined them to rally round the Governor, who he noted has put smiles on their faces within the short period he has been in office.
Osumah noted that the Supreme Court judgments and pronouncements are an attempt by enemies of the State to pull the hands of the clock backwards, considering the monumental achievements of the Fubara administration so far.
He said it is unfortunate that the Justices who handed down the judgments and pronouncements, have through their actions and inaction, desecrated the sacred temple of justice, and by so doing making the judiciary a laughing stock in the eyes of the world, instead of elevating it in such a way that it becomes the much-acclaimed last hope of the masses and the common people in the country.
He decried a situation where the country’s judiciary has rather degenerated to a level where the highest bidders have held it hostage, at the expense of the ordinary people, saying it is a strong indication that the country is fast drifting to a Banana Republic, where the rule of law is bastardised and thrown overboard.
According to him, the judgements and pronouncements portend grave danger for the State and the people, as they are a recipe for chaos, confusion and unabated crises.
Osumah further lamented a situation where the case bordering on the defection of the Martin Amaewhule-led lawmakers is relegated to the background while other contending issues are given undue preference and preeminence, saying the defection case is rather the kernel and pivot on which every other matters concerning the political crisis in the State gravitate.
The labour leader, therefore, stressed the need for the execution of the Supreme Court judgments and pronouncements to wait, pending the final determination of the defection suit, describing as hasty and preposterous the issuance of a 48-hour ultimatum to Governor Fubara by the 27 pro-Wike lawmakers, to present before them the 2025 Budget of the State.
Osumah equally reminded civil servants in the State that the time has come for them to boldly rise up and defend one of their own, and never allow the shenanigans of the old order to overwhelm and subject them once more to the throes and pangs of penury, poverty and needless suffering and hardship.
He recalled with glee that Governor Fubara has wiped away their tears, by not only providing a conducive environment for them to operate but also making sure that their welfare needs are given top priority, thereby restoring and providing all that the enemies of the State had denied them in the past.
While reiterating that the entire workforce in the State vehemently reject the judgments and pronouncements of the Supreme Court, Osumah said the apex court has through such judgements and pronouncements, declared war against the State and her people.

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