Connect with us

STRAY BULLET

BMW SCANDAL: STELLA ODUAH SHUNS HOUSE COMMITTEE

Published

on

Spread the love

…We
followed due process, Coscharis tell committee…You deceived
us; Customs tells Coscharis

Fejiro Oliver
The committee that sat to
hear the controversy surrounding the controversial BMW armored cars saga where shocked
to their bone marrow as the lady in the centre of the storm refused to show up
to defend herself, despite ample time given to her. “Absence of the minister is
a slap on the face of the House,” said Jerry Manwe, a member of the committee
from Taraba state.

The hearing which was to
begin by 12 noon started 25 minutes late. Chairman of Coscharis group, Cosmas
Maduka during his presentation told the committee that all due processes were
followed in the purchase of the car. According to him, the SSS and National
Security Adviser interviewed them before they made order for the car.
He stated that the BMW
which is currently causing commotion in the country is the B7 BMW 760 series
which is the highest for civilian and VIP armored cars while anyone higher than
it is for military tanks. The B7 series which was bought by NCAA is sold for
418,000 Euros direct from the factory without tax and shipping cost, he told
the committee.
In a bid to prove to them
how the price for the vehicles were arrived at, he offered to demonstrate to
them through powerpoint, but was disallowed by the committee. He noted that the
current travails of the minister caused by the purchase of the BMW was
politically motivated. “We do business with morality”, he submitted.
First Bank who financed
the cars were unable to explain to the committee how the loan given to NCAA for
all its 54 cars climbed from earlier stated N564 million to N643 million,
claiming that the BMW cars were not initially included in the earlier bargain. The
First Bank representative, Mr. Seyi Oyefeso, who represented the CEO of the
bank noted that First Bank was invited
to make proposals alongside other banks and tender was opened publicly on 21 of
May, 2013 in the presence of other banks and media after which First Bank was
afterwards shortlisted alongside 7 others. First Bank granted a loan facility
of N643 million for purchase of assorted cars.
When
further questioned on the disparity of the sum paid for the vehicles by the
House Chair, Nkiruka Onyejeocha, the bank shifted the answer to NCAA saying
that  “Our job as financier are
based on what the customers are asking for”
COSCHARIS
LIED; CUSTOM REVEALS
There was however a twist
of event as the Customs representatives at the hearing told the committee that
Coscharis lied to the Ministry of Finance and NSA into making them believe that
the vehicles were meant for the Lagos State government which will be used during
the National Sports festival. According to the Deputy Director General of
Customs, Manasa Daniel Jatau, the two BMW were imported from Antwerp,
Netherland through Tin Can Port 2 and were cleared on 19/6/2013.
He told the committee that
waiver was thereafter given to Coscharis who claimed that the armored cars were
part of the 300 vehicles being imported by the Lagos State government, as part
of the NSF, thus not paying the import duty of N10.1 million since there was a
waiver from the ministry of finance
as well as having an End User Certificate from the NSA
office in the name of Coscharis for one year.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Corruption4 hours ago

₦15m, Ngene Kingsley Bashir Account, Four Transfers: Inside the Illegal Transactions Rocking Minister Hannatu Musa Musawa’s Ministry

Spread the loveSecrets Reporters    There have been series of questionable transaction at the Federal Ministry of Art, Culture, Tourism...

Corruption4 hours ago

Matured Criminals: FAAN Depreciates N60 Billion, Wastes N446 Million As Gifts, N12 Billion As Operating Surplus As Audit Scream Blue Murder

Spread the loveSecrets Reporters The Federal Airports Authority of Nigeria (FAAN) has been directed to recover and remit N75.42 billion...

Budget Tracking23 hours ago

While Government Offices Get Millions for Generators, Communities in Bauchi Still Search for Water

Spread the loveSecrets Reporters The questions surrounding the repeated allocation become more difficult to ignore when placed against the everyday...

Corruption1 day ago

Engr. Bassey E. Nkposong, Cross River Basin Development Authority Leadership Mired in ₦4.9bn Financial Irregularities

Spread the loveSecrets Reporters A review of the Cross River Basin Development Authority, Calabar, by SecretsReporters has exposed financial and...

Africa & World1 day ago

Corrupt Nigerian Politicians Get Lucky As US Ends Beneficial Ownership Reporting for Domestic Companies, Raising Fresh Concerns Over Hidden African Wealth

Spread the loveSecrets Reporters The United States has permanently removed a federal requirement that U.S.-formed companies and U.S. persons report...

Corruption2 days ago

₦34.7m Unaccounted, Unrecovered, Unremitted Under Tonye David-West’s NDBDA Tenure

Spread the loveSecrets Reporters The investigative eye of SecretsReporters has uncovered financial and revenue management issues at the Niger Delta...

Corruption2 days ago

EXCLUSIVE: SecretsReporters Uncover Unaccounted ₦75m Cash Advance in Hannatu Musa Musawa’s Ministry

Spread the loveSecrets Reporters   Fresh findings by SecretsReporters have uncovered the management of public funds at the Federal Ministry...

Corruption2 days ago

NNPC Spends ₦393.45m on Three-Years Office Rent for NNPC Board Accommodation Under the Leadership of Bala Wunti in NAPIMS

Spread the loveSecrets Reporters The National Petroleum Investment Management Services (NAPIMS), under the leadership of Bala Wunti, paid ₦393.45 million...

Metro3 days ago

Izeze Remains High-Spirited, Pays Fines for Inmates at Warri Custodial Centre

Spread the loveSuspended Delta State Commissioner for Works (Highways and Urban Roads), Comrade Reuben Izeze, has remained in high spirits...

Contract Fraud3 days ago

Federal Energy Centre at UNILAG Under Scrutiny Over ₦29.8m Procurement and Financial Irregularities

Spread the loveSecrets Reporters  The National Centre for Energy Efficiency and Conservation (NCEEC), a federal research institution hosted by the...

Corruption3 days ago

NNPC Boss Bala Wunti Paid $250,000 Without Supporting Documents in Etihad Energy Contract

Spread the loveSecrets Reporters The National Petroleum Investment Management Services (NAPIMS), under the leadership of Bala Wunti, paid US$250,000 as...

Tinubu picking Teeth Tinubu picking Teeth
Special Report3 days ago

Special Report: N75 Trillion Borrowed By President Tinubu In Three Years, Each Nigerian Owes Foreigners N300,000 As Debt Repayment

Spread the loveSecrets Reporters On March 31, 2026, a letter arrived at the National Assembly carrying a familiar request from...

Corruption4 days ago

₦144m Fraud: Kano Federal Agricultural College Flagged Over Unvouched Payments, Unremitted Revenue, Cash Advances, Procurement Breaches

Spread the loveSecrets Reporters For three years, between January 2018 and December 2020, financial transactions at the Federal College of...

Photos/ Videos4 days ago

Osun 2026 Election: If You See Any of Them From Now on to The Day Of The Election, Kill Them – Senator Francis Fadahunsi

Spread the loveSecrets Reporters In a condemnable twist of events, the senator representing the Osun East Senatorial District, Francis Fadahunsi,...

Special Report4 days ago

Despite Over ₦625 Million Monthly Allocation & Rich in Coal, Ankpa LGA in Kogi State Battles Darkness, Abandoned Hospital, Deadly Erosion, Daily Hardship Whie Council Chair Focuses on Arresting Citizens

Spread the loveSecrets Reporters In the communities of Ankpa Local Government Area in Kogi State, the official figures from the...

Corruption5 days ago

Exclusive: N750m Special Intervention Money Missing Under Arts Minister Hannatu Musawa, Permanent Secretary And Finance Director

Spread the loveSecrets Reporters SecretsReporters has exclusively obtained internal details of a damning set of findings that cast a long...

Corruption5 days ago

Exclusive: Minister Hannatu Musawa Approves N52.5 Million in Irregular Travel Refunds To Self As Brazil Trip Claims

Spread the loveSecrets Reporters Findings by SecretsReporters have laid bare a web of irregular payments totaling ₦52,469,176 linked to foreign...

Special Report6 days ago

Four Years, Three Budgets, One Abandoned Promise: Inside Plateau’s Unfinished Mangu Bye Pass

Spread the loveBulmun Dakwal Standing on what was meant to become the Mangu Bye Pass, Elisha Gutuwas points not to...

Special Report7 days ago

Years of Promises, Budgets and an Abandoned Bridge: How Russau Residents Continue to Risk Their Lives Crossing A River

Spread the loveBulmun Dakwal For residents of Russau, a quiet community tucked behind Students Village Hostel  in Farin Gada, Jos...

Metro1 week ago

Exclusive: High Court Issues Bench Warrant on Akwa Ibom NSCDC Commandant Geraldine Abetianbe Over Alleged Illegal Truck Seizure, Abuse of Office

Spread the love‎ Secrets Reporters   ‎A High Court in Akwa Ibom State has issued a bench warrant for the...