FCMB Promises Improved Retail Banking

FCMB bank Retail BankingThe First City Monument Bank (FCMB) has promised to build on the success of its retail banking initiative to serve its customers better.

The Executive Director of Finance, FCMB, Mrs Yemisi Edun, made the statement at the official opening of the bank’s branch in Asokoro district of Abuja, Nigeria’s capital.

She said that the bank would work assiduously through its four core values, to bring its services to an enviable height.

Mrs Edun disclosed that the idea was driven by the bank’s desire to further enhance its retail banking scheme, expressing optimism that their customers’ needs would be met.

Another senior official of the bank, Mr Akinwunmi Kolapo, said that FCMB had provided several banking platforms for easy banking to its numerous customers.

He explained that banking channels would help fast-track business transactions and appealed to the bank’s customers to use it judiciously.

One of the bank’s customers, Olusola Alabi, expressed delight at the establishment of a new branch closer to them.

Court Dismisses Ohakim’s No-Case Submission Against EFCC

Ikedi Ohakim, Court, EFCCThe Federal High Court in Abuja has dismissed a no-case submission filed by a former Imo State Governor, Ikedi Ohakim.

Justice Adeniyi Ademola struck out Ohakim’s suit which was filed through his counsel, Awa Kalu, against the Economic and Financial Crimes Commission (EFCC).

The anti-graft agency made the ruling public on Thursday in a statement by its Head of Media and Publicity, Wilson Uwujaren.

Mr Ohakim is facing trial for allegedly making a cash payment to the tune of $2,290,000.00 (about 270,000,000 Naira) for the purchase of a property in Abuja, Nigeria’s capital.

One of the counts reads: “That you, Ikedi Ohakim, on or about the January 26, 2013 in Abuja within the jurisdiction of the Federal High Court, while under arrest for an offence under the Economic and Financial Crimes Commission Establishment Act, 2004 knowingly failed to make a full disclosure of your assets by not declaring your ownership of the property known and described as Plot No. 1098 Cadastral Zone A04, Asokoro District- it is also known as No.60, Kwame Nkurumah Street, Asokoro, Abuja and thereby committed an offence contrary to Section 27(3)(c) of the Economic and Financial Crimes Commission Establishment Act, 2004 and punishable under the same section”.

The former governor had pleaded not guilty to the three-count charge when it was read to him.

Consequently, the prosecution presented a number of witnesses and tendered several documents, which were admitted in evidence to prove its case against the defendant before it closed its case.

At the last hearing on June 6, the defence filed a no-case submission against the prosecution.

In his ruling on Thursday, Justice Ademola stated that the prosecution had been able to establish its case against the defendant.

The case has been adjourned till October 10 and 13 for the commencement of the defence.

False Assets Declaration: First Witness Testifies In Orubebe’s Trial

OrubebeThe first prosecution witness in the trial of former Minister of Niger Delta Affairs, Mr Godsday Orubebe, on Thursday testified.

The witness, Mr Samuel Madojemu, said the former minister failed to declare Plot 2057 Cadastral Zone, Asokoro, a property he owns in Abuja.

Speaking under cross examination, he added that a document obtained by him from the FCT Land Registry as the investigator for the tribunal, indicates that there were three plots of land allocated to Orubebe out of which he declared only two.

He said the plot in question, which was allocated to the former minister on April 10, 2011, was not declared as at the time he was leaving office as Minister of the Federal Republic of Nigeria and at the end of tenure declaration document signed by him on April 27, 2011.

The witness said there was no place in the asset declaration form where Mr Orubebe indicated that the said plot was given to him by the federal government free of charge.

He testified under re-examination by prosecutor, Mohammed Diri, that he invited the defendant via telephone to come and clarify issues regarding the said plot, an invitation he failed to honour and reason for which, the prosecution says he should be held accountable .

But the defense counsel, Larry Selekowei, who ascertained during cross-examination of the witness that he did not confirm in his investigation that the documents were delivered to the former minister before his declaration of assets, insists there is no credible evidence against his client.

Chairman of the Tribunal, Justice Danladi Umar, has adjourned the case till Tuesday, May 24 for cross examination of the second prosecution witness.

Mr Orubebe is being charged by the Code of Conduct Bureau for alleged failure to declare landed property in Kyamu and Asokoro District, both in Abuja, on assumption of office as minister on September 26, 2007.

In the other counts, Mr Orubebe is also facing charges of allegedly accepting bribes totalling 70 million naira from one Pastor Jonathan Alota for the award of contracts in favour of his company.


Trial Of Former Niger Delta Minister, Orubebe, Commences

OrubebeTrial of the former minister of Niger Delta Ministry, Mr Godsday Orubebe, has commenced.

The first prosecuting witness, one Samuel Madujemu, an investigator in the Asset Tracing Department of the Code of Conduct Bureau just began his testimony.

The witness said the former minister was issued asset declaration forms five times between 2007 and 2011.

According to him intelligence assessment was conducted on the claims made by Orubebe and it was discovered that there were some other properties allegedly traced to him that were not declared.

There after a record examination was conducted, by writing a letter to the Federal Capital Territory Department of Lands Administration ,which responded stating that plot number 2057 Asokoro District, Abuja with a C of O issued on 10th April 2011 belong to Mr Orubebe.

“We compared the information arising from the response of the FCT Department of Land Administration with the asset declaration, he made to the bureau between 2007 to 2011 and we discovered that the said plot was not declared to the bureau, even as at 29th May, 2011 when he left office”, the investigator said.

The witness sought to tender the documents gotten from the Federal Capital Territory Land Administration Department but counsel to Orubebe raised an objection

According to him the document was asked for and received on the 8th of February 2016, five clear months after the suit had been instituted against the former minister .