Tag Archives: Corruption

Kenya banks fined over $78m corruption scandal


Kenya’s Central Bank has fined five commercial banks linked to an alleged $78m (£59m) corruption scandal involving the National Youth Service (NYS).

The missing funds were allegedly stolen in a scheme involving senior government officials and ghost suppliers.

Standard Chartered, Equity Bank, KCB Bank, Co-operative Bank and Diamond Trust Bank were collectively fined just under $4m.

They are accused of being conduits of fraudulent payments to suppliers of the NYS.

The NYS is an initiative by the government to train young people in life and business skills. It was part of President Uhuru Kenyatta’s plan to fix Kenya’s high youth unemployment.

BBC Africa Business’s Hudheifa Aden says Kenya’s director of public prosecution is expected to determine the criminal culpability of the accused banks.

NYS boss Richard Ndubai, who was arrested in May, is among 20 officials already facing charges over the scandal.

Advertisements

US blocks visas for ‘corrupt’ DR Congo officials


The US State Department has imposed visa bans on a number of Congolese officials accused of corruption or electoral malpractice.

It declined to name those targeted, but said the move was intended to send a strong signal that Washington was committed to fighting corruption and to supporting credible elections.

The Democratic Republic of Congo is to hold a much-delayed presidential election in December to choose a successor to Joseph Kabila.

His second and final term in office ended in 2016 but many suspect he is trying to stay in power.

By Morning Call

“Buhari is a joke of the century” – Ghanaians reacts to Buhari’s promise to help Ghana fight corruption



​It was remembered that President Buhari who arrived Ghana on Monday to honor the country’s 61st Independence Anniversary gave a speech as a Guest of Honour.

President Buhari while speaking at the Special Guest of Honour Speech during Ghana’s 61st Independence Anniversary Parade at the Black Star in Accra, applauded Ghana’s President, Akufo-Addo and assured him that he will help Ghana fight corruption.

“I congratulate you on your efforts to fight corruption which has eaten into the public fibre…Your Excellency I can assure you that you have a good partner in me in tackling endemic corruption,” the President Buhari said.

However, in his bid to be of help to Ghana in fighting corruption in the country, Ghanaians have expressed their furiousness over the statement of President Buhari.

Many Ghanians who blasted Buhari warned him to leave Ghana with his people who they accused to have corrupted their country.

Many others reacting to the statement from Buhari told the President that he should not bring snakes, and monkeys to swallow Ghana’s money.

See the reactions in photos below;

Source: kingsleyiwu.com.ng

Corruption will return automatically if PDP wins in 2019 – Minister


Amaechi.jpgAmaechi says the PDP is hungry for money and not power.Amaechi says the PDP is hungry for money and not power.

The minister of transport, Rotimi Amaechi says corruption would return automatically if the Peoples’ Democratic Party (PDP) returns to power.

Speaking to Pulse correspondent and other journalists in Abuja on Thursday, February 15, 2018, Amaechi said the PDP is not hungry for power but money.

“If we don’t win, corruption will come back automatically,” Amaechi announced.

“The way it will come back because the people (PDP) are out, they have been out for four years. They have never been out of government before. PDP never left government so now they are hungry, not hungry for power.

“In fact if you tell them that I want to keep power and I will give you money, they will say take power and give us the money,” he added.

The minister said Nigerians expected too much from the Muhammadu Buhari-led government.

“The problem was expectation. In fact, the president got worried and he called me and said ‘Amaechi go and reduce the expectation’ and I said ‘Oga I’m not a magician’.

“If we are not borrowing to pay salaries, it means we are generating our own money. I hope Nigerians remember under the past government oil was at $110, $120. But when we came oil was $58 per barrel.

“The highest that we have gotten is the mistake that happened in the last two weeks that it rose to &70 or 80 after one day it came down to a little over $50, instantly,” the minister said.

Amaechi admitted that the APC has made some mistakes but expressed optimism that the party would deliver on its mandate to Nigerians if reelected.

“Are we perfect? No. Have we made mistakes? Yes. Can we overcome the mistakes, we have made? Yes. Can we surmount the challenges we met in the office? Yes. But again we need more than four years to do that,” Amaechi announced.

When asked if the President has appointed him as the director-general of his campaign, Amaechi said: “That question is for the President to answer not me”.

source: Pulse.ng

I’ve no corruption case—OGAH. Abia State Nigeria


UMUAHIA—PDP chieftain and the man at the centre of the yet to be finally resolved Abia State political crisis, Dr. Uche Ogah has dismissed as erroneous, the insinuation in some quarters that he is facing a corruption case in court.

Rather, according to Ogah, he was the person who first approached the courts to protect the business interest of his company, Masters Energy Oil and Gas.

A statement issued by his media aide, Mr. Kingsley Ibeawuchi, explained that the dispute in a business between Ogah’s firm and another firm, Mut-Hass Petroleum, dated back to 2011, when the latter allegedly approached Ogah’s firm for an oil business collaboration, which he said was sealed and entered into after a memorandum of understanding, MoU, was signed by the two parties.

Specifically, Ibeawuchi, explained that the business was an offer by Mut-Hass Petroleum to Masters Energy “to sell, transfer and assign her company’s interest on the 10,000 Mt of Premium Motor Spirit (PMS) allocation for the period of second quarter for the year, 2011, as a result of lack of funds and expertise to carry out the transactions”.

He said that the offer was considered based on a plea by the owners of the company and a Memorandum of Understanding that was entered into by the two firms.

“The MoU was dully signed conscientiously, on the 6th of May, 2011 between the two firms and in her haste to get the business started, the owner of the other firm allegedly offered to prepare a handwritten invoice in respect of the 10,000 MT of PMS, which she said was to ensure the entire transaction commences.

“In the Memorandum of Understanding signed by both companies, it was clearly stated that all rights, interest ,privileges, obligations and the permit to import 10,000 Metric Tons (MT) of Premium Motor Spirit (PMS) under the Petroleum Support Fund (PSF) Scheme for the second quarter of the year 2011 ‘’ be” transferred to Masters Energy Oil and Gas Ltd, and by virtue of the Memorandum of Understanding, based on those clearly spelt out terms of the agreement, Masters Energy Oil and Gas Limited paid the total sum of =N=26, 820, 000.00 Only (Twenty Six Million, Eight Hundred and Twenty Thousand Naira) as full and final Consideration to Mut-Hass Petroleum Nig. Ltd”, he explained.

He went further to give the bank and the numbers of three cheques issued by Ogah’s firm covering payment for business deal, allegedly issued to the firm.

Ibeawuchi alleged however that the other party flouted the MoU, prompting Ogah’s firm resolved to approach the court of law in (Suit NO: FCT/HC/2196/14) to address their grievances.

He said they decided to make the clarification so that the public would be deceived.

  1. Follow us on Facebook
  2. Follow us on Twitter
  3. Follow us on Instagram
  4. Source: Vanguard

​Why hardship may increase corruption in Nigeria, by cleric


CALABAR—CURRENT hardship affecting a large section of Nigerians has the capacity to increase the rate of corruption as people become desperate to survive, Bishop Emmah Isong, Assistant National Deputy President of the Pentecostal Fellowship of Nigeria, PFN, South South, has said.

Speaking with Vanguard, yesterday, the President of Central Christian Chapel International, noted that those who ordinarily would have kept away from corruption could out of desperation to make ends meet be forced to engage in corrupt practices just to survive.

He said: “The question is, are we going to be alive in Nigeria till 2019 with the level of hardship the people are going through? This situation has the tendency to make people who ordinarily would have stayed away from corrupt practices to engage in corruption.”

He said what the current administration should do is to draw up an economic blue print that focuses on increased agricultural production and rehabilitation of infrastructure to create jobs for people as many companies and industries were folding up and laying off workers which is exacerbating the hardship in the land.

“I can testify that Nigerians are feeling the impact of the hardship as 17 of my members have opted  to return to their villages because they have either been laid off work or have closed their businesses and so cannot pay their rents and feed their families.”

According to Bishop, the fight against corruption should take into account the need to address the basic needs of the people which include good roads, food and regular payment of salaries.

“Nigerians are very easy people to lead, all a leader needs to do is to ensure that there is food for the people, good roads, pay salaries but if things are allowed to continue like this, there is a level of hunger which can cause people to revolt, so the government should not concentrate solely in fighting corruption but should endeavour to create a viable economic atmosphere to help put food on the table.”

  1. Follow us on Facebook
  2. Follow us on Twitter
  3. Follow us on Instagram
  4. Source: Vanguard

​Group vows to uphold Nigeria’s unity, tackle corruption



ASABA—THE Society for Peace Studies and Practice, SPSP, has vowed to uphold the unity of Nigeria and continue to fight corruption in the country.
Rising from its 10th annual convention with theme ‘Curbing Corruption and Building Sustainable Peace’ held in Asaba, Delta State, the group in a communique by its President, Olagbamiji Oyebode, Secretary Adeola Adams and one other, said that corruption was a major obstacle that has impeded sustainable peace and development since the nation gained independence in 1960.

They decried the systemic decay, lopsided criminal justice system, poverty, unemployment, greed, inconsistent government policies, politicized anti-corruption agencies, moral decadence among youths and lack of political will on the part of the leadership to account for the high level of corruption and the prolonged sense of insecurity being witnessed in various parts of the country.

The group which also elected new executives to pilot its affairs for the next three years, lamented that corruption has continued to fester because the political class and the media has elevated the culture of impunity in public affairs by failing to adhere strictly to the rules of the game.

Follow us on Facebook

  1. Follow us on Twitter
  2. Follow us on Instagram
  3. Source: Vanguard