Sunday, July 14, 2013

Part 2: update:$27Million Saga: Senate Never Approved OBJ,GEJ To Purchase And Disburse Nigerian Real Property Qualities In U.S.--Reports

 Part 1, Part 3

"he explained, but by who? Embattled Ambassador Adefuye was reportedly left his Ambassadorial post in Washington,DC, and was "virtually sleeping at EFCC's office FCT-Abuja", anonymous FCT-Abuja eyewitnesses told Republic Reporters. Ashiru added: ""The body requested the Senate to probe how the said funds disappeared between 2004 and 2007."Through the sale of the properties, the Nigerian government, through the embassy in Washington, engaged the services of ECULAW Law firm which handled the sales and lodged the proceeds on behalf of the embassy right into a special account with the Washington DC based M & T Bank. The lender was speculated to be holding deposits of huge arises from the property sales until George Obiozor who was then Nigeria's Ambassador to the U.S. returned to Nigeria after completing his service in Washington.

The funds which allegedly yielded substantial monthly curiosity about the M & T Bank remained in the special accounts through the entire tenure of Obiozor's successor, Oluwole Rotimi. Daily Independent newspaper reported that the petitioners said: the funds “mysteriously disappeared” when the incumbent envoy, Adebowale Adefuye, took over from Rotimi, who was fired by late Yar'Adua for insubordination to then Foreign Affairs Minister Ojo Maduekwe, whom he called "Biafran Ragtag, he defeated during Biafran-Nigerian hostilities between 1967 to 1970.

The disappearance of the funds, according to the petition, became evident when M & T Bank was forced to power down the accounts of the embassy and subsequently terminated all banking relations with the embassy in early 2012. According to the petition, all of the three accounts belonging to the Nigerian Embassy in the custody of M & T Bank, such as the $27 million arises from property sales were allegedly drawn down to barely $400,000 during the time the accounts were closed. Since March 2012, there's not been any explanation of the whereabouts of the amount of money which was alleged to be in the bank during the time Adefuye assumed office as Nigeria's envoy. In 2009, about $3 million realized from the same transaction was directly spent on the purchase of a property in Russia. The National Assembly reportedly held a public hearing regarding the misapplied funds. Reports say:"

The petitioners are involved that the Federal Government hasn't done anything to trace the funds before anti-corruption body allegedly petitioned the Senate. Even Adefuye who's believed to have been in Abuja for quite a long time before time for Washington recently, was allegedly not quizzed by government or the Foreign Affairs Ministry. The group, therefore, urged the Senate to investigate the case with a view to recovering the missing funds. Nebukadineze Adiele reacting to Rotimi Osunsanya remarks beneath: "n addition we must demand the source of the Authority to offer and dispose the property of the Government! By my experience, the President does not have the statutory responsibility to procure, sell and dispose any Government property at will. That's against the law and it's an impeachable criminality..", Mr. Rotimi Osunsanya said. Has this to express:

"Whenever I curse out many people on these forums, its is mainly because I haven't any tolerance for falsehood peddling, especially senseless ones. Whenever such senseless falsehoods are peddle by supposedly educated adult Nigerians, nothing short of cursing them out suffices as the peddlers of falsehood are shameless liars and annoyingly impervious to correction or reason.   "What could be more despicable and inviting of a cursing out compared to the brainless falsity peddled by Rotimi Osunsanya, as excerpted above? He shamelessly claims that the president of Nigeria does not have the authority the dispose of property owned by the government of Nigeria.   "But section 130(2) of the constitution of the Federal Republic of Nigeria, 1999 says this:   

The President shall be the Head of State, the Chief Executive of the Federation and Commander-in-Chief of the Armed Forces of the Federation.   He added: "How could a Chief Executive of the Federation not have authority to direct the selling from property belonging to the government, especially ones on this kind of low level scale? How can a leader run a government if he's so statutorily incapacitated? If the president couldn't direct the selling from government property or the procurement of new ones for the government, then who has that authority, the legislature? No, you idiot, these are functions statutorily assigned to the executive branch of the government headed by the president. 

"I agree with Ojo Maduekwe that the legislature was overreaching with your investigations (the Senate has authorization to investigate any allegation of missing money belonging to the government, however the House's prior investigation, as to who authorized the sell of the property, was extra constitutional).   "Rotimi Osunsanya, if I recall correctly, was the fellow who lost his ward and deposit as a PDP candidate for a seat at the House of Representatives from Lagos state. Fellow Nigerians, just imagine this for a second. A person who not even know the functions constitutionally assigned to the president of Nigeria was almost certainly one of your law makers. Can there be any longer wondering as to the reasons Nigeria is a big for nothing country?..", he fumed.

No comments:

Post a Comment