General
EFCC Report Indicts Saraki, Ex-Bank MD in N19b Paris Club Scam

By Dipo Olowookere
The Economic and Financial Crimes Commission (EFCC) has submitted a report to President Muhammadu Buhari linking Senate President, Mr Bukola Saraki, and some of his aides to the diversion of about N19 billion from the N522bn Paris Club refund.
The report also fingered Mr Robert Mbonu of Melrose General Services Limited, who is a former Managing Director of Societe Generale Bank of Nigeria, the commercial bank owned by the Saraki family which was later liquidated.
The Federal Government had, in December 2016, approved the sum of N522.74 billion to be paid to the 36 states of the federation as part of the reimbursement of the over-deduction on the Paris Club loan from 1995 to 2002.
The EFCC had sometimes in January discovered that the loan refunds were illegally routed through the account of the Nigeria Governors Forum by the Central Bank of Nigeria.
Upon receiving the funds, the NGF, in an alleged connivance with Mr Saraki, began remitting huge sums to private consultants who then laundered about N19 billion.
According to the report, apart from the NGF, others under investigation include the Relationship Manager to the Senate President in Access Bank, Kathleen Erhimu.
Some others under probe and identified as Mr Saraki’s aides include Obiora Amobi, Gbenga Makanjuola, Kolawole Shittu and Oladapo Idowu.
The report alleges that sometimes in December, Mr Saraki introduced the ex-bank MD, Mbonu, to Erhimu.
Others at the meeting were Mr Saraki’s aforementioned aides.
It added that sequel to the meeting, the sum of N3.5 billion was lodged into Melrose General Services Company account number 0005892453, domiciled in Access Bank from the Nigeria Governors Forum on December 14.
The report stated that two of Saraki’s aides, Obiora Amobi and Gbenga Makanjuola, were introduced to Access Bank as representatives of Melrose General Services Limited by Mbonu to enable them to make cash withdrawals from the account.
It added that Amobi and Makanjuola made cash withdrawals in various tranches of N5m and N10m.
The report reads in part, “Based on the foregoing findings, it is clear that Robert Mbonu, the Managing Director of Melrose General Services Company and his company were used to help divert proceeds of unlawful activities under the guise of payment for contractual obligations with the Nigeria Governors Forum.
“Suffice to apprise that all payments received by Melrose General Services Company from the NGF have hitherto been diverted directly via cash withdrawals and indirectly through transfers by Gbenga Peter Makanjuola, Kolawole Shittu and Oladapo Joseph Idowu, who are principal aides to the Senate President.
“Furthermore, other payments from Melrose General Services Company have also been linked to companies that Dr. Bukola Saraki has interest in and carries out transactions with.
“This includes the sum of $183,000, which was transferred to Bhaska Devji Jewellers, Dubai, a company Dr. Bukola Saraki had repeatedly made payments to.
“Also, the sum of N200 million was transferred to Wasp Networks Limited that subsequently transferred the sum of N170m to Xtract Energy Services Limited, a company that routinely made deposits into Dr. Saraki’s Access Bank US Dollar Domiciliary account.”
The report concludes that a prima facie case of conspiracy to retain the proceeds of unlawful activities and money laundering, contrary to sections 15(3) and 18(9) of the Money Laundering Prohibition Act 2004, could be established against the aforementioned suspects.
“Additionally, investigation into their personal accounts is ongoing,” it adds.
When contacted, the Special Adviser to the Senate President on Media and Publicity, Mr Yusuph Olaniyonu, who spoke on behalf of Mr Saraki, said he would not react except he sighted the report.
“Send the report to me and I will be able to read it and contact the necessary people. If I don’t see the report, I cannot react to it in abstract. Send me the report if you want our reaction,” he said.
Spokesman for the EFCC, Mr Wilson Uwujaren, confirmed that investigations were ongoing into the Paris Club scam.
He, however, said he did not know the specifics of the investigations.
“I can only confirm that there are investigations but I don’t have details,” Mr Uwujaren said.
http://punchng.com/n19bn-paris-club-scam-efcc-report-indicts-saraki-aides-ex-bank-md
General
Alison-Madueke Denies Wrong Doing as Prosecutors Present Evidence
By Adedapo Adesanya
Embattled former Nigerian Minister of Petroleum, Mrs Diezani Alison-Madueke, returned to court in London on Monday, denying wrongdoing as prosecutors presented evidence for an alleged bribery.
It was recently reported that Mrs Alison-Madueke, once president of the Organisation of the Petroleum Exporting Countries (OPEC), received cash and luxury benefits in exchange for influence over oil and gas contracts when she was a minister in the cabinet of former President Goodluck Jonathan.
She has denied the claims repeatedly.
In the latest development in her trial, jurors in the British court today heard testimony from a luxury furnishings retailer and a former housekeeper, as prosecutors sought to show how high-end purchases and property use were allegedly routed through intermediaries.
The 65-year-old is accused of multiple bribery counts stemming from a years-long investigation.
The alleged offences occurred between 2011 and 2015, when she was Nigeria’s oil minister but maintained a UK address.
The UK National Crime Agency (NCA), which targets international and serious and organised crime, accused her of receiving the bribes in Britain.
Mrs Alison-Madueke is accused of accepting “financial or other advantages” from individuals linked to the Atlantic Energy and SPOG Petrochemical groups.
Both companies secured contracts with the then Nigerian National Petroleum Corporation (NNPC) or its subsidiaries, according to the prosecution.
The former minister is also said to have received £100,000 ($137,000) in cash, chauffeur-driven cars, a private jet flight to Nigeria and refurbishment work and staff costs at several London properties.
Other counts allege she received school fees for her son, products from high-end shops such as London’s Harrods department store and Louis Vuitton, and further private jet flights.
Mrs Alison-Madueke has been involved in numerous legal cases globally, including in the United States.
She has been on bail in Britain since she was arrested in October 2015.
In 2023, she was formally charged with accepting bribes, which she has denied.
General
Egbin Power Unveils Tech Empowerment Scheme for Youth Employability, Others
By Modupe Gbadeyanka
An initiative designed to encourage entrepreneurship, expand access to opportunities in the digital economy, and improve the employability of young people in its host communities has been launched by Egbin Power Plc.
The tech-based empowerment programme will equip young persons from Egbin, Ijede and Ipakan areas of Lagos State with digital skills.
The chief executive of the power-generating firm, Mr Mokhtar Bounour, described the initiative as part of the company’s Personal Corporate Social Responsibility (PCSR) efforts, reflecting its commitment to inclusive and sustainable development, adding that its responsibilities extend beyond electricity generation to empowering people in surrounding communities.
“In today’s digital age, technology is no longer optional but a critical driver of economic inclusion and growth,” Mr Bounour said, noting that deliberate interventions were needed to bridge digital gaps and prevent uneven development.
He explained that when communities are excluded from the digital economy, development becomes uneven and unsustainable, reinforcing the need for deliberate interventions that bridge digital gaps.
He pointed out that, “The Empowerment Programme is designed to address this gap by providing young people in Egbin, Ijede and Ipakan with access to practical and in-demand digital skills that can improve employability, foster entrepreneurship, and create new economic opportunities within their communities.”
The first cohort brings together beneficiaries from the three communities for structured training in ICT fundamentals, graphic design, full-stack web development, digital marketing, cybersecurity and data analytics. The programme combines classroom instruction with hands-on learning.
Participants were selected through a screening process that assessed curiosity, determination and willingness to learn, the company said. Beyond technical training, the programme also includes workplace skills such as ethics, problem-solving, collaboration, professionalism and digital responsibility.
Mr Bounour urged beneficiaries to act as ambassadors of the initiative and demonstrate the values of integrity, discipline and service, saying their progress would serve as evidence that strategic corporate responsibility can deliver measurable impact.
He encouraged participants to recognise their broader responsibility to their communities, urging them to learn with character, pay their knowledge forward, mentor others, and use their skills to solve real local problems. He noted that the true legacy of the programme will be the ripple effects it creates through shared success and communal growth.
The launch of the Tech Empowerment Programme underscores Egbin Power’s continued commitment to sustainable community development, trust-building, and long-term value creation.
The company reaffirmed its dedication to investing strategically in people, strengthening host communities, and contributing meaningfully to Nigeria’s digital and economic future.
General
NPA Working to Eliminate Manual Bottlenecks, Synchronise Operations Across Seaports
By Adedapo Adesanya
The managing director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, has said the organisation is in collaboration with the International Maritime Organisation (IMO) to deploy the Port Community System (PCS) will eliminate manual bottlenecks and synchronise operations across Nigeria’s seaports.
Mr Dantsoho disclosed this at a recent three-day high-level stakeholder engagement in Lagos titled Achieving a 7-day Cargo Dwell Time, organised by the Presidential Enabling Business Environment Council (PEBEC) in collaboration with the NPA.
The engagement convened the Ports and Customs Efficiency Committee (PCEC) under the Business Environment Enhancement Programme Accelerator (BEEPA) framework, focusing on streamlining port processes to improve efficiency and ease of doing business.
According to the NPA boss, the PCS will serve as the digital backbone of the National Single Window, enabling seamless information exchange among port stakeholders and reducing delays caused by manual documentation.
On her part, the director-general of PEBEC, Mrs Zahrah Mustapha, said the session was designed to go beyond identifying challenges and focus on implementing long-overdue practical solutions.
“Nigeria loses significantly every day due to operational inefficiencies,” Mrs Mustapha said. “These are not just numbers; they represent missed opportunities, jobs not created, and delayed economic growth. This reform is about resilience and unlocking the nation’s economic potential.”
She added that the initiative brings together government regulators and private-sector stakeholders to promote transparency and accountability, with the ultimate objective of reducing cargo dwell time and improving vessel turnaround time.
Recall that the NPA recorded a 100 per cent success rate in PEBEC reforms, ranking fifth among government agencies in 2025 with an 84.2 per cent compliance rating.
Outcomes from the stakeholder engagement are expected to be implemented in the coming months. By addressing operational gaps identified during port inspections, the NPA and PEBEC aim to build a more competitive maritime environment that attracts investment and facilitates seamless trade.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn











