Connect with us

Crime

Lid blows open in Buhari Minister’s secret gas deal *Ahmed, ex-Finance Minister, fingered

Published

on

A consultancy deal quietly orchestrated by Zainab Ahmed, former Minister of Finance, Budget and National Planning, is raising eyebrows in the power sector, with several insiders describing it as “illegal” and “a waste of public funds.”

TheCable reports that to execute a Make-up Gas Reprocessing (MUGR) deal, the ministry appointed a “transaction adviser” in an arrangement that some fear might land the federal government in legal challenges.

Make-up gas (MUG) is the gas a power generation company (GenCo) has already paid for but has, for one reason or another, not utilised during the year.

A gas supply agreement (GSA), a bilateral transaction executed by a GenCo and a gas supplier, spells out terms for a review of the clauses.

Ahmed, who had proposed that Nigeria could covert the MUG to liquified natural gas (LNG) and export to earn revenue for the federation, was said to have sought and got the approval of former President Muhammadu Buhari.

However, there are now questions as to her engagement of Ahmed Zakari & Co, an accounting firm, as transaction advisers in what is purely a bilateral agreement between Calabar Generation Company Limited (Calabar GenCo) and Accugas Ltd.

Calabar GenCo is owned by the Niger Delta Power Holding Company (NDPHC), which belongs to the three tiers of government, while Accugas is a private company.

“Accugas and NDPHC were already discussing the extension of the sunset date for the utilisation of the MUG without the involvement of any consultant or adviser. Both parties subsequently executed an addendum to the GSA that provides for the MUG to be utilised within seven years,” an official of the ministry of finance told TheCable.

“The implication is that at the time Zainab Ahmed executed the transaction agreement with Ahmed Zakari & Co in September 2022, they all knew that there was really nothing for the firm to do, beside being paid for doing nothing.”

TheCable could not confirm the exact fees Zakari & Co is being paid but sources said it is dollars.

The paper quoted an industry insider as saying: “The standard practice with respect to the utilisation of MUG is for the buyer to contact the seller and for both contracting parties to negotiate alternative durations for the utilisation of the MUG. This is necessary because it is gas that the buyer has already paid for. There is usually no requirement for a third party to get involved. Indeed, because the GSA is a bilateral agreement, it will cease to be so if third and fourth parties get involved.

“What would usually happen is for the two parties to concede doing one of the following or both: one, renegotiate the take-or-pay quantity upon which the GSA was executed or, two, extend the sunset date for the utilisation of the MUG.”

CURIOUS CONTRACT

Moyi Dahiru, then special assistant on power to Ahmed, had led the discussions with the power sector stakeholders to discuss the MUGR proposal early 2022.

In attendance were officials of the Nigerian Bulk Electricity Trading (NBET) Plc, NDPHC Ltd, Accugas and Azura.

An official of the ministry of finance told TheCable: “Azura made it clear to Mr Dahiru that they do not have any business with the MUGR, particularly because the government is not a party to the GSA.”

However, NDPHC — which manages the National Integrated Power Projects (NIPP), including 10 GenCos — did not raise any objections, reportedly because it did not want to upset ministry officials who process the payment of the gas invoices every month.

In February 2022, Ahmed secured an approval from Buhari to retain the accounting firm of Ahmad Zakari & Co as the transaction adviser.

This became effective from September 5, 2022 when the firm signed the agreement with the Federal Government of Nigeria (FGN), represented by the ministry of finance.

“Ahmad Zakari & Co’s agreement is of no effect, but money is being paid to the firm for doing nothing,” an official of the ministry of finance, who declined to be named for fear of victimisation, told TheCable.

“The truth is that top government officials usually connived with some of the principal members of staff in the Presidential Villa to mislead Buhari into signing all kinds of things, including appointments for the most unqualified persons and dubious payments.”

‘PRESIDENTIAL APPROVAL’

On May 24, 2023, Aliyu Ahmed, the permanent secretary in the ministry of finance, wrote a letter to Total Energies with the title ‘Make-Up gas re-purpose transaction, conveyance of extracts of presidential approval of global framework transaction’, conveying the directive of the government on the treatment of the MUG by GenCos.

The make-up gas belonging to Calabar GenCo is under the MUGR.

“If I were to advise President Bola Tinubu, he should direct the ministry of finance to stop all payments to Ahmed Zakari & Co and ask the ministry to submit a report of the payments that have been made to the firm so far and for what purposes,” an official said.

“President Tinubu should ask for all the agreements under this MUGR and demand a copy of the addendum which the Accugas executed with the NDPHC that extended the sunset date for the utilisation of the MUG to seven years.”

TheCable has contacted the media office of the former finance minister for comments.

TheCable understands that Dahiru has been putting pressure on Calabar GenCo to execute the deal since he left office with the former finance minister.

Crime

FUOYE female student’s murder: We need justice, students cry out *Suspect cover-up *Demand safety on campus

Published

on

Some aggrieved students of the Federal University, Oye Ekiti (FUOYE), have cried out over what they suspect were attempts to smear the image of Atanda Modupe Deborah, the female student of the institution, whose body was discovered in a shallow grave near the Faculty of Pharmacy, on Wednesday after she was brutally murdered by yet to be ascertained assailants.

Though the police say they had arrested about 10 suspects, the students, some of them, associates and classmates of the deceased, believe that the attempt to skew the narrative of the circumstances surrounding her death, could be a way of depicting her as a bad person, thus blaming her for the fate she faced.

There had been narratives surrounding the tight wears with which she was covered when her body was exhumed from the grave after it was discovered by a search party, which some people claimed she was wearing before her attack, suggesting that such scanty dressing must have invited her killers.

But in a detailed account by one to the students, who saw her last, such a narrative was far from the truth as she was well covered and had never been known to indulge in untoward behaviours, being a devout Christian, adding that contrary to the allegation that she went out at night, she only stayed back in the classroom to read after the day’s lectured in the afternoon.

The students, who expressed worries about the sudden lukewarm attitude of the authorities of the institution, including the student’s union of the university, demanded security on campus, saying there was no crime in their deciding to move around the compound to pursue their academic dreams.

The students wrote: “We want to give detailed information about the news trending online right now about FUOYE. We are not doing this for clout but simply want justice to be served, correct misinformation and those questioning her character. Now, this unfortunate incident surrounding the death of our friend and colleague, Miss ATANDA MODUPE DEBORAH started on Tuesday when she went to read after classes ended in the afternoon at about 1:30pm in one of the halls close to the faculty and didn’t return in the evening to the private hostel accommodation where she stays located on campus which is about a five-minute walk from the faculty.

“Prior to this, the hostel did not provide light for the students in that residence despite their 24hr light claim so our phones were low and hers was most likely dead because her roommates and friends tried reaching out to her but her line was switched off.

“The situation was reported by her roommates and some friends living in the same hostel to the hostel management which then resulted to some of her departmental colleagues starting up a small search party at about 10:00a.m on Wednesday.

“An e-poster was made to declare her missing and was shared across student platforms. During the search, some of her things were recovered such as: her earrings, a button of her shirt, the buckle from her shoe and her notes strewn about nearby locations.

“After the discovery of her things, a full-blown search was carried out as the SUG and school management eventually got involved which led to a later discovery of her body in a shallow grave around the faculty. She was decently dressed in a blouse and skirt which was taken off of her as she was in her tight shorts as at the time of discovery of her body. She was a God-fearing person and a bright student who was on a 4point CGPA.

“WE ARE CRYING OUT BECAUSE WE NEED JUSTICE FOR MODUPE! GOING TO READ IN A CLASSROOM IS NOT A CRIME. WE AS STUDENTS SHOULD BE ABLE TO FEEL SAFE TO MOVE AROUND WITHIN THE CAMPUS! STUDYING TO BE THE BEST IS NOT A CRIME. THE SCHOOL SYSTEM SHOULD DO RIGHT BY US AS EDUCATION IS SUPPOSED TO IMPROVE OUR LIVES! We appeal that you pull as much attention to this case as possible. Your efforts are greatly appreciated.

Continue Reading

Crime

BREAKING: FUOYE female student, murdered! *Body buried behind faculty *Students ordered home, as school shuts down

Published

on

Tragedy has struck at Federal University, Oye Ekiti, in Ekiti State, following the discovery of the body of an 18-year-old female student in a freshly dug grave, after a search party, combed the premises for several hours after she was declared missing.

The 200-level Stream A, nursing student, was said to have gone missing after she decided to stay back for extra reading on Tuesday afternoon, but did not return to her hostel, leading to a search for her which yielded no result immediately, until the party eventually discovered her body buried in a shallow grave at the back of one of the faculties in the institution’s premises, late Wednesday.

The danger signals had surfaced after some tell-tale signs were said to have been discovered earlier in the day, when one of her shoes and an ear-ring were discovered somewhere within the premises, which is said to be surrounded by thick forests.

Distraught students, who bewailed the incident, said the young lady had some of her siblings in the university, which was founded by former President Goodluck Jonathan, as part of his educational policy of establishing a federal university in every state of Nigeria, who joined in the search.

To underscore the seriousness of the situation, a security cordon is said to have been thrown around the school with armed security personnel, said to have taken over the premises to get to the root of the matter, while students have been ordered to vacate the institution.

May be an image of 1 person and smiling

A statement signed by Muftau Ibrahim, Registrar of the institution, ordering the students out of the school, said the students should return home for now to await a new resumption date, while security operatives engage in a thorough job of getting to the root of the matter, adding that some arrests had already been made.

The statement, said: “The university management has received the case of Ms Modupe Deborah Atanda, who was reported missing, Wednesday, 6th September 2023, and management is saddened at the turn of events.

“It is pertinent to promptly inform the university community that immediate steps have been taken in that regard, as all national security personnel have been drafted to handle the situation. As a matter of fact, several arrests have been made of suspects.

“To this end, all students (Stream A and any other full-time student still on any of the university’s campuses, are hereby directed to vacate the premises with immediate effect, to ensure a proper, holistic, and unimpeded thorough investigations, please.

“It is worthy of note that armed security personnel have been deployed for patrol surveillance and security purposes. Rest assured that all steps would be taken by the university to fish out any and all culpable persons and they shall face the full and unmitigated consequences of their action(s).

“A new resumption date for all students would be conveyed accordingly. We regret all inconveniences these may have caused. Thank you.”

May be an image of text that says "FEDERAL UNIVERSITY OYE-EKITI RELEASE CURRENT OCCURRENCE THE UNIVERSITY University Management community situation. quichly shall University th We sho unmitigated amy would conveyed accordingly. nconveniences these couted. (Signed] Mufutau IBRAHIM Registror"

Continue Reading

Crime

How popular musician lured, murdered two bureau-de-change operators

Published

on

Police in Lagos are currently on the manhunt for one Collins Etaredafe, popularly known as Top Boy, who has gone into hiding after being linked to the killing of two-yet-to-be-identified Bureau-De-Change operators at his residence in the Lekki area of Lagos State.

The PUNCH is reporting that the musician, was with a yet-to-be-identified friend, invited the BDC operators into his apartment on March 18, the same day of the governorship and House of Assembly election, under the guise of changing some dollars, but ended up killing them and subsequently dumped their bodies in a drainage located in front of his residence.

The report, quoted a facility manager in the area, Paul Omotosho, as saying the agent in charge of the building informed him that some neighbours, upon discovering the corpses in the drainage, traced some drops of blood to the apartment of the musician.

Omotosho, who is currently in detention narrated his experience thus: “I knew Etaredafe through his girlfriend, Evelyn, about three years ago when she contacted me that he needed an apartment. That was how he got my number. He called me, said he stays in Delta State, and that he wants to book a short-let apartment. That was how he became a regular client.

“Sometimes he would claim he does not know Lagos and will send money to my account to help him get some items and send them to him. In February 2022, he said he wanted to secure an apartment where his mum would be living in Lagos; he said he wanted to surprise her with the apartment as she has not been to Lagos before.

“I had to reach out to a fellow agent who assisted me in getting the apartment. After that, the agent sent me a form to fill in the details of the occupant but when I asked for the details of his mum, he said she did not have any means of identification. Out of the trust I had for him as a regular client, I foolishly provided someone’s details to keep the place for him and since then, my thinking is that his mother had moved in.”

Omotosho, who said he was at home when the agent in charge of the singer’s apartment had been living in the place of his mother, called to inform him that he had allegedly killed the BDC operators, added further: “The agent called me that Etaredafe had killed two people in his apartment. He also said he dumped their corpses outside the gate and ran away. The agent said the blood of the deceased victims was traced to his apartment and later discovered that the people the musician killed were Bureau-De-Change operators. I was told he invited them to his apartment because he wanted to change dollars before killing them.

“In a bid to locate Etaredafe’s whereabouts, I contacted his girlfriend who said she did not know any address of his relatives. She later called me on Monday and asked if I heard that Etaredafe killed two people in his house and ran away. She said they only met on social media and she does not know where he or his family lives.”

Omotosho, who was invited for questioning, by operatives of the Lagos State Police Command, attached to the State Criminal Investigation Department (SCID), Yaba, has been in detention since Friday, alongside two other agents that helped him to secure the apartment.

Benjamin Hundeyin, Superintendent of Police and spokesman of the command, who confirmed the incident, was quoted in the report as saying: “The main suspects are on the run. No part of the deceased victims’ bodies was cut off. The case is at the SCID and is progressing. The security man is in custody and is assisting with the investigation.”

Continue Reading

Trending