Home / Tag Archives: NIA

Tag Archives: NIA

Buhari appoints Ahmed Abubakar as new DG for NIA

President Muhammadu Buhari has approved the appointment of a substantive Director General for the National Intelligence Agency (NIA). The new Director General is Ahmed Rufai Abubakar, a retired career Foreign Service officer, who till his appointment served as Senior Special Assistant to the President (SSAP) on Foreign Affairs/International Relations. Abubakar …

Read More »

Ikoyi gate: Those Found Culpable Will Be Sanctioned – Buhari

President Muhammadu Buhari Tuesday in Abuja said all those found culpable in the Osborne Towers scandal will be made to account and appropriately sanctioned. Receiving a report of the panel established to review the operational, technical and administrative structure of the National Intelligence Agency (NIA), President Buhari described the discovery …

Read More »

Buhari Receives Panel Report On NIA

President Muhammadu Buhari receives the panel report from the Chairman of the Panel, Ambassador Babagana Kingibe during the presentation of the report of the Presidential Review panel on National Intelligence Agency (NIA) at the State House on Tuesday (December 19) in Abuja.

Read More »

EXCLUSIVE: Auditor-general reveals source of $43m Ikoyi cash

The huge sum of money found at a residence in Ikoyi, Lagos state, was taken from Nigeria’s joint venture (JV) cash call account at the American bank, JP Morgan Chase, according to the report of the auditor-general of the federation seen by TheCable. NNPC currently runs six JVs — with Shell Petroleum Development Company of Nigeria Limited (SPDC), Chevron Nigeria Limited (CNL), Mobil Producing Nigeria Unlimited (MPNU), Nigerian Agip Oil Company Limited (NAOC), Elf Petroleum Nigeria Limited (EPNL) and Texaco Overseas Petroleum Company of Nigeria Unlimited (TOPCON). Also, there was no official documentation for the official release of $289,202,382 to the the National Intelligence Agency (NIA) — which claimed the $43 million found at the residence was the balance from the money it received for “cover projects”. Beyond a request sent to President Goodluck Jonathan by Ayodele Oke — who was the NIA director-general at the time — the normal processes of  approval and authorisation for the release of government funds were not followed. In yet another revelation, the CBN would normally credit NIA’s account at the apex bank, but it was instead directed to release the money in cash to Oke, according to the audit report. In April 2017, the Economic and Financial Crimes Commission (EFCC) said it had discovered $43 million, £27,000 and N23 million stashed away at a flat in Ikoyi after a tip-off from a whistle blower. Following reports that the monies belonged to the NIA, TheCable subsequently reported that the agency collected $289,202,382 in cash from the account of the National Petroleum Investment Management Services (NAPIMS) at CBN in February 2015 after the postponement of the general election. NAPIMS is a subsidiary of the Nigerian National Petroleum Corporation (NNPC) which manages the JV investments of the national oil company. TheCable can now report that in the 2015 annual report of the auditor-general for the federation on the accounts of Nigeria, the auditor-general queried the “misapplication of joint venture cash calls for other purposes”. On pages 75-76 of the volume two of the report seen by TheCable, the auditor-general wrote: “During the examination of the JVCC JP Morgan Chase Account and JVCC CBN Naira Account, it was observed that payments with amounts totaling $292,094,405.82 and N2,474,295,000.00 were made from the Joint Venture Cash call accounts for purposes outside the objectives for which the funds were provided for and thereby constituted misapplication of Federation Funds. “These include: The payment in “Cash” of a total of $289,202,382.00 (N56,972,869,254.00 at 2015 year end rate of N197.00 to $1) to the Director-General, National Intelligence Agency. The Director General sought the President’s approval for the release of a total of $289,202,382.00 to the NIA for the procurement of 13 items of expenditure to enable NIA respond to the nation’s mounting diverse and complex security challenges. “However, audit noted that there was no evidence of the President’s approval to the request other than a minute to the then Minister of Petroleum Resources seeking assistance from the NNPC Security votes. It was not clear from records/documents examined the authority that NNPC/NAPIMS relied on to disburse this fund. “Audit noted that, of NNPC/NAPIMs did not make the payment to an identifiable NIA official account, but rather mandated the CBN to make the payment in Cash to the DG, in spite of government’s e-payment policy and the huge sum involved. This was highly irregular. “Audit further noted that this payment was not budgeted for meaning that it was extra-budgetary payment. Also, it should be noted that an amount of $2,892,023.82 was charged by CBN on the transaction as commission, thereby making the total outlay on this transaction to $292,094,405.00.” This revelation further provides insight into the non-remittance of billions of dollars to the federation account. Oke has now been removed by President Muhammadu Buhari. TheCable

The huge sum of money found at a residence in Ikoyi, Lagos state, was taken from Nigeria’s joint venture (JV) cash call account at the American bank, JP Morgan Chase, according to the report of the auditor-general of the federation seen by TheCable. NNPC currently runs six JVs — with Shell …

Read More »

PDP demands Buhari’s impeachment over Babachir Lawal, Oke’s sack

The Peoples Democratic Party, PDP, has demanded the impeachment of President Muhammadu Buhari over his response to corruption cases involving the former Secretary to the Government, Babachir Lawal, and former National Intelligence Agency, boss, Ayodele Oke. The party, while calling for the prosecution of the duo, said Messrs. Lawal and …

Read More »

Buhari appoints new SGF, sacks Babachir Lawal, Ayo Oke

President Muhammadu Buhari has studied the report of the panel headed by the Vice President, Prof Yemi Osinbajo, SAN, which investigated allegations against the suspended Secretary to the Government of the Federation, Mr Babachir David Lawal, and the Director General, National Intelligence Agency (NIA), Ambassador Ayo Oke. The President accepted …

Read More »

ADP urges FG to release report on Babachir Lawal

The Action Democratic Party (ADP) has urged federal government to release Vice President Yemi Osibanjo´s committee’s report on alleged fraud against suspended Secretary to the Government of the Federation, Babachir Lawal. The National Chairman of the party, Yabagi Sani, made the call on Thursday in Abuja, during the party´s National …

Read More »