EXCLUSIVE: SUPER ROGUES: HOW ABOUT TO COLLAPSE SKYE BANK CONNIVED WITH LULU-BRIGGS FAMILY TO LAUNDER OVER $800 MILLION PARTNER DAN OBUEKWE MONEY TO JP MORGAN BANK IN USA

Secret Reporters

Money moves and when it does, it breaks even the hardest of barrier, paying the price for even those who boast that no amount of money can buy them over.

For a bank that is struggling to stay afloat the Nigerian financial market, the lure to do dirty business for Pastor Mrs Seinye Lulu-Briggs was too much to resist, that they had to dare the money laundering act and proceeded with the illegal deal, as exclusively seen by Secret Reporters in a water tight petition to the Economic and Financial Crimes Commission (EFCC) calling on the agency to immediately commence investigation into the bank and Lulu-Briggs activities.

For a supposedly friendly deal that was meant to yield life time benefits to all parties, this medium gathered that Seinye Lulu-Briggs and others illegally converted the interests of Late Mr. Dan Obuekwe in oil block OPL 230 (now OML 114) which birthed two new oil blocks OPL 234 in Abia State and OPL 231 in Cross River State.

The Federal Government acting through the Minister of Petroleum Resources granted an Oil Processing Licence (OPL) No. 230 to Moni Pulo Limited vide OPL Deed Document for a term of 5 (Five) years commencing on 8th May, 1992. The said OPL Deed Document was witnessed and collected by Late Mr. Dan Obuekwe who at all material times was a Technical Director, Shareholder with 30% Shares in Moni Pulo Limited as well as one of the Ultimate Beneficial Owners of OPL 230 (now OML 114). In the petition to EFCC, an attachment known as  SCHEDULE “E” was attached where the role of Obuekwe as part of the Joint Venture Agreement dated 5th March, 1996 between Moni Pulo Limited and Brass Exploration Unlimited was analyzed.

Going by the shareholding structure as contained in the only valid Memorandum and Articles of Association of Moni Pulo Limited (which hitherto was registered at Corporate Affairs Commission as Sombreiro Oil Ltd with R.C 183333), the initial subscribers took the following shares:

 

Chief Olu Benson Lulu-Briggs                         40%

Kio Okpukiri                                                                      30%

Dan Obuekwe                                                        30%.

 

Similarly, the beneficial ownership structure of OML 114 as contained in the Joint Venture Agreement of 5th March, 1996 between Moni Pulo Limited and Brass Exploration Unlimited translates to:

 

Chief Olu Benson Lulu-Briggs                         24%

Kio Okpukiri                                                                      18%

Dan Obuekwe                                                        18%

Brass Exploration                                                            40%.

 

It therefore presupposes that Chief Olu Benson Lulu-Briggs cannot transfer more than his 24% beneficial interest to Mrs. Seinye Lulu-Briggs and others. Being that as it may, the beneficial interests of Kio Okpukiri and Dan Obuekwe being a total of 36% cannot be validly transferred to any person without their approval in writing followed by another Ministerial consent. This was confirmed in the celebrated case of MONI PULO LIMITED vs. BRASS EXPLORATION UNLIMITED & 7 Others- Suite No: FHC/L/CS/H/835/2011 wherein judgment was delivered by Honourable Justice Okechukwu Okeke of the Federal High Court sitting in Lagos on 7th May, 2012 and the purport of Paragraph 14 of the First Schedule to the Petroleum Act 1969 and Regulation 4 of the Petroleum (Drilling and Production) Regulations were settled.

In that case, Moni Pulo Limited was able to convince the Court that the share transfer and consequential ceding of 40% participating interest in OML 114 held by Petroleum Oil & Gas Company of South Africa (Nigeria) Ltd to Camac Energy Services Limited and Camac Energy Resources Limited did not receive the prior consent of the Minister of Petroleum Resources. His Lordship held emphatically that Camac Energy Services Limited and Camac Energy Resources Limited were restrained from exercising any rights and/or taking any benefits from and under the lease being that same was invalid, illegal, null and void.

This medium learnt that there truly exist a Deed of Settlement dated 27th February, 2008 entered into between Moni Pulo Limited, Chief Olu Benson Lulu-Briggs, Mr. Dan Obuekwe and Dr. Benoni Briggs whereupon the sum of N366,900,000 (Three Hundred and Sixty Six Million, Nine Hundred Thousand Naira) was paid to the duo of Dan Obuekwe and Benoni Briggs as compensation for “services rendered” to Moni Pulo Limited before their Joint Venture Partners took over the 100% financing.

According to the petition “This does not mean that Dan Obuekwe has been settled in respect of his participating interests both in OML 114 and Moni Pulo Limited. Those interests are for perpetuity and they entitle Dan Obuekwe to continuous dividends and share of profits made from the oil produced until he expressly relinquishes his interests in writing for an acceptable consideration”.

To funnel this money totaling over $800,000,000 (Eight Hundred Million US Dollars) due and accruable to Mr. Dan Obuekwe, Lulu-Briggs secured accounts with three Nigerian banks which include Skye Bank to help in moving the money to JP Morgan and other yet to be verified banks in Ghana contrary to Section 15 (3) and 18 (a) of the Money Laundering (Prohibition) (Amendment) Act, 2012.

In the course of the five months investigation into the details of the account, we reliably gathered that Moni Pulo Limited has two dollar accounts with Skye Bank allegedly used for money laundering and three Naira accounts for same purpose.

The Dollar accounts are 1771502902 and has a balance of $20,462, while 1771502893 has a balance of $17,979.02. The three Naira accounts are 1771228089 which has N32,920, whereas 1771228649 read N193,014 and 1771211351 was N792,910.

Another company also owned by Lulu-Briggs with account in Skye Bank is Soliyama Limited which maintains one Naira account with the balance sheet as N4, 919,274.06. All these accounts stand as the balance when we last investigated in March 2017 but a reliable source revealed that more money in it, but currently under serious monitoring by Skye Bank to avoid prying eyes.

Attempts to get across to Skye Bank Communication Head were not successful as his phone line was switched off, while the office line of Moni Pulo never connected. They never responded to the mail we sent to them as well.

To be continued

REJECTED BY FATHERLAND: AFTER PASSING SCHOLARSHIP EXAMS TO SCHOOL ABROAD, NITDA CANCELS SCHEME AND THROWS STUDENTS INTO THE STREETS

Secret Reporters

“It was on a bright Sunday afternoon (October 02, 2016) that I received a congratulatory email from NITDA confirming that I was successful in the rigorous scholarship aptitude test I wrote on Wednesday (9/28/2016), 9am at Public Service Institute (PSIN) Dutsen Alhaji, Abuja. I was elated by the great news and my hope for continuing my studies up to the postgraduate level was revived.  That was my first time of visiting Abuja”, an elated Nigerian who wrote the exams of National Information Technology Development Agency (NITDA) told Secret Reporters.

But this jubilation is fast turning into sorrow as the agency is about denying them what they merited for no concrete reason, Secret Reporters has learnt.

Following their success in the exam, the candidates representing their respective states and geo-political zones were invited for a one-on-one interview and credentials sighting which did not hold on the said day due to the change in administration of the agency. They were told to go back home with assurance that they will be contacted.

Days passed, weeks went by and months elapsed and none of them received any correspondence from NITDA. Some of the scholars decided to follow up and inquire about the status quo by contacting notable staffs of NITDA but were however persuaded and kept assuring them that they haven’tbeen forgotten but were doing all that is necessary.

On one occasion, they were told that the reason for the delay was because they are negotiating with international institutions for their admission. This rekindled their spirits and kept our hopes alive. They came up again with another tale that they are waiting for the budget to be passed before they will eventually be contatcted officially.

When the budget was passed and NITDA was contacted, they came up with another story of how their fiscal year was different from that of the country that theirs would commence August.

“We continue contacting them but they resorted into complicated tactics in a bid to sideline us. In the advertisement, it was stated that the scholarship would be local which we fully understood before we rolled in our applications (although the reason for the change to local seemed unbecoming).  We were also aware that the country was in recession, which was one of the reasons we received from NITDA. But it can’t be so bad that a nation won’t be able to provide scholarship to absorb its own citizens into its own institutions”, a candidate lamented.

After wasting about a year of their lives, hoping that they will be sent on the scholarship, NITDA sent them a letter on September 5th 2017 terminating every engagement with them and urged them to wait for next year exercise.

Secret Reporters obtained the message sent to them in the course of the tortuous journey, which is reproduced below.

Following your application for the NITDEF Scholarship, you are hereby invited for a Computer-based Aptitude Test on 9/28/2016 by 9am at Public Service Institute (PSIN) Dutsen Alhaji, Abuja.
Compulsory requirements: Valid ID, Application Printable Page and Employment letter as lecturer from University for PhD Applicants.
Accept our Congratulations.
Note: PhD is for Lecturers Only

INTERVIEW INVITATION AFTER WRITING THE TEST
Dear applicant,
Following your performance during the Just concluded aptitude test, you are hereby invited for a one on one interview on the 4th of October by 10am @NITDA HQ, Abuja.
You are to come with your originals credentials for sighting, which includes your
BSc
NYSC
LGA/Indigenization
Valid Identification
Accept our Congratulations.
[9/7, 12:41 PM] ‪+234 809 088 1582: This is the normal flow of the process

It is clearly stated on the scholarship link http://nitda.gov.ng/scholarship/

1) The Agency places an advert in two National dailies.
2) The Agency opens the portal (scholarship.nitda.gov.ng) for application, which will be open for 6 weeks from the date of advent.
3) Qualified applicants are shortlisted to write an aptitude test and contacted via email and SMS.
4) Successful applicants are notified through email and SMS.
5) Verification of original certificates and oral interview of successful applicants.
6) Release of award letters to successful candidates.

A twitter agitation by the scholars has twisted the hands of the agency with a letter sent on 7th September 2017 and signed by one Eniola A.A that they will be accommodated for the 2017/2018 scheme.

CRIMINALS WITHOUT REPENTANCE: HOW BUHARI’S CHIEF OF STAFF AND MINISTER USE ‘BAMA INITIATIVE’ TO STEAL IDPS’ N48 BILLION

Another corruption scandal may be staring the Muhammadu Buhari administration in the face following revelations that his Chief of Staff,Alhaji Abba Kyari, and the Minister of State for Budget and National Planning, Hajiya Zainab Shamsuna-Ahmed are stealing billions of Naira
meant to rehabilitate the ravaged northeast.

This is as the administration pussy-foots on the report of a contract scam involving Kyari’s accomplice, the now suspended Secretary to the Government of the Federation (SGF) Babachir Lawal.

The president had on October 26, 2016 inaugurated the Presidential Committee on North-east Initiative (PCNI). At the occasion, the president directed all government agencies involved in humanitarian action in the zone to collapse into PCNI, which he said would thereafter coordinate all efforts in the zone.

“PCNI “will be the apex coordinating body for all interventions in the region, including those by the public, private, national and international development partners…” and “is charged with the responsibility for developing the strategy and implementation of the framework for rebuilding
the North east region”, said Buhari.

‎A presidency official told Pointblanknews.com that, unknown to Buhari, his Chief of Staff (COS), as well as his  Minister of State for Budget and National Planning had other ideas.

An official of the National Emergency Management Agency (NEMA) from Borno State told Pointblanknews.com that Kyari, who hails from Bama, Borno State, had always wanted to control ‎whatever federal government monies came into the northeast.

He said, “On four occasions Kyari flooded PCNI with his cronies. On each occasion, President Buhari rejected the draft. This explains why it took close to a year to inaugurate PCNI. When it became clear Kyari wouldn’t have his way, he bidded his time, springing up a devious scheme cloaked as “The Bama Initiative.”

He continued, “Kyari and Zainab Ahmed, who belong to Buhari’s kitchen cabinet, fraudulently set up what they call the “Bama Initiative” , an action plan known to only both persons, but through which they hope to steal all of the N48 billion approved by the National Assembly for
humanitarian efforts in the six northeast states”.

The states are Adamawa, Borno, Bauchi, Yobe, Gombe and Taraba. Pointblanknews.com investigations revealed that should feelers from the Ministry of Budget and National Planning be anything to go by, Kyari and Mrs Zainab Ahmed ‎could in the coming months waltz to the banks with all of the N48 billion budgeted for the zone.

In what a ministry official called “testing the waters,” the Minister of State for Budget and Planning penultimate Friday released N5billion to the “Bama Initiative” whose chairman, interestingly, is the Chief of Staff.

“In the next few weeks, madam (Minister Zainab) will release the remainder of the N18 billion which they deceived Acting President Yemi Osinbajo into approving in Baba’s (Buhari) absence‎,” offered a ministry source.

According to the official‎, during Buhari’s medical leave, the Minister on July 28, 2017‎ wrote a memo to Osinbajo requesting the diversion of N18 billion out of the N48 bilion approved by the National Assembly for PCNI, to “Bama Initiative.”

The four-page memo which was entitled “Request for approval for constitution of funding for the Bama Initiative/It’s Presidential Steering Committee Project Implementation Committee and Procurement Committee “, the minister urged Osinbajo to approve the release of N18,227,065,037.50 “out of the N48 billion provided for Northeast Intervention Fund in the
2017 budget.”

According to the ministry official, “either to court the Acting President, or to allay his concerns,”  Minister Zainab Ahmed ‎in the memo disclosed that the Acting President had been appointed chairman of the steering committee of the “Bama Initiative “.

In the memo the minister said she would be chairperson of the project committee, while Kyari would chair the procurement committee. According to the source, Kyari’s strategy was to suck-in Osinbajo as the figurehead chairman of the ‎steering committee while she and Kyari skim
off the funds.

Pointblanknews.com gathered that, not wanting to be further buffeted by Buhari loyalists who were accusing him of trying to oppose everything from their end, Osinbajo, on August 10‎, 2017 approved the minister’s memo. The approval was conveyed in a letter signed by Osibanjo’s deputy Chief of Staff‎, Ade Ipaye.

Noted the senior ministry official, “The Acting President ‎acting either out of fear or ignorance. At no point during the budget defence at the National Assembly did Bama Initiative come up. Bama Initiative is Kyari’s personal property, a front for stealing monies meant to rehabilitate
internally displaced persons (IDPs).

“The Chief of Staff and my boss (Minister) had their minds made up to steal the Northeast money blind. First, they gave the impression that there was a fund called the Northeast Intervention Fund. This is a huge lie. It was created by the Minister to warehouse money from which they can
steal. The money ought to go straight to PCNI headed by the respected General T.Y.Danjuma.

“However, by cleverly creating a dubious account which she dubbed the Northeast Intervention Fund‎, the Minister of State, in concert with the Chief of Staff, have set the stage for controlling every kobo of the N48 billion budgeted by the National Assembly for the northeast.” he added.

A source in the office of the Accountant-General of the Federation (AGF) told Pointblanknews.com that his office released to ‘Bama Initiative’ penultimate Friday N5 billion out of the N18billion approved by the erstwhile acting president, Prof. Yemi Osinbajo.

‎Pointblanknews.com also gathered that, contrary to Buhari’s directive that, as far as all northeast humanitarian efforts are concerned,  PCNI should coordinate, Kyari and Zainab-Ahmed have converted PCNI into a member of the ‘Bama Initiative.’

Scoffed an official of the officie of the Chief of Staff, “I feel so sorry for Mr. President. He is busy fighting corruption, not knowing that corruption springs from his bedroom.

“Can you beat the fact that Chief (of Staff) is chairman of the procurement committee of Bama Initiative, while the head of PCNI, to whom all government agencies and agents should be reporting to, has been reduced to a ‘member’, a typical case of the tail wagging the dog,” he
opined, stressing, with one Farouk Gumel as the taskmaster.

Continued the official, “in their wisdom federal lawmakers‎ approved N48 billion for the entire northeast made up of six states of Borno, Adamawa, Yobe, Taraba, Bauchi and Gombe comprising 112 LGAs.

“However, Kyari and Zainab -Ahmed feel they know better hence they unilaterally cut out N18 billion or about a third of the entire budget for Bama, just one of the 112 LGAs. If this isn’t corruption and abuse of office, what is?” quarried the official.

Pointblanknews.com gathered that the fraud was worsened by the realization that the N5 billion released penultimate week was for “re-training” security personnel in the zone.

‎Minister Zainab Ahmed is believed to have been nominated minister by governor of her home state, Kaduna, Mallam Nasir El-Rufai. The 56-year old minister had served as General Manager of the defunct Nigerian Telecommunications Limited (NITEL), and later, Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI).

In late July 2015, shortly after Buhari’s inauguration, she had during a courtesy visit on the newly sworn-in El-Rufai, declared that NEITI’s checks revealed that between 2009 and 2012, Nigeria lost about 160 million barrel of crude oil valued at $13 billion.

Source: PointBlankNews