Osun Govt Seals-Off Banks, University Over Alleged Unpaid Tax

The Osun State Government on Thursday sealed off two new generational banks, WEMA and Unity Banks, over refusal to pay taxes and other levies due to the State.

Shutting down alongside was the popular private University, Joseph Ayo Babalola University (JABU) situated at Ikeji Arakeji.

The incident according to our correspondent paralysed business activities as these companies were shut down.

The two affected banks, as well as the University, were said to have remained adamant to offset the outstanding taxes amounting to N42million which they owed the state government.

Addressing journalists, the acting Chairman, Osun, Internal Revenue Service, Mr Bicci Alli, said: ” the affected companies left the State Government with no  other option than to resort to closing down their premises after series of meeting held with them on the modality for the payment proved abortive.” He stated

Alli further stated that “The distraining exercise will be continuous and extended to other bank, while some other recalcitrant tax corporate and non-corporate payers were found guilty of owing the state government until all what is due to the state is recovered.

“The defaulters were properly served notices before the enforcement begun, the state is being owed about N30billion as tax and levies.”  he explained

Alli further stated that the affected establishments were given notices and reminder of the need to pay up their taxes and levies due to the state, saying the agency approached the court to secure the otices and the need to pay up their taxes and levies due to the state saying the agency approached the court to secure order allowing it to seal off any defaulting establishments after the expiration of the notice.

The revenue boss who added that after the secure of the court order,  another ultimatum was given to allow them ample time to make payment to the coffer of the state.

Alli maintained that the state government embarked on the action in order to boost its purse for the completion of various ongoing infrastructural projects across the state.

While noting that tax default is criminal, Alli said that the government is not only enforcing payment of taxes but to ensure compliance by all citizenry across the state.

He, however, explained that “What the state is demanding from the people is not new taxes and levies but existing ones adding that the governor, Rauf Aregbesola wants to complete all ongoing projects and the only way to achieve this is through buoyant resources that could be generated internally” .he said

He noted that Governor Aregbesola has zero tolerance for tax evasion, adding that OIRS is set to begin criminal prosecution of all tax defaulters in the state so as to ensure that culprits are made to face the full wrath of the law.

 

Absence of EFCC Counsel Stalls Trial Of Jonathan’s Aide

Judges, Court, Judges, Court, Absence of EFCC Counsel Stalls Trial Of Jonathan's AideThe trial of Waripamo-Owei Emmanuel Dudafa, the former Special Assistant on Domestic Affairs to ex-President Goodluck Jonathan, could not go on Tuesday at the Federal High Court in Lagos, owing to the absence of the EFCC’s counsel, Mr Rotimi Oyedepo.

Presiding judge, Justice Muhammad Idris, told the court that he received a letter from the EFCC counsel seeking for an adjournment.

In the letter, Mr Oyedepo asked the court to grant the adjournment to enable him attend to an appeal filed by Senior Advocate of Nigeria, Mr Ricky Tarfa against the commission

Counsel to Mr Dudafa, Gboyega Oyewole, did not object to the request for an adjournment. He however informed the court that he was surprised that his client was not present in court.

Upon enquiry from the prison’s officials, Mr Oyewole said he was told that Dudafa is seriously sick.

He complained about the EFCC treatment of his client.

Justice Mohammed Idris has granted the prosecutor’s application and adjourned the matter till Thursday November 10, for the continuation of the defendants’ trial.

Dudafa and one Iwejuo Joseph Nna, are standing trial before Justice Mohammed Idris on alleged 5.1 billion naira fraud.

In the first count, the defendants on or about June 11, 2013 in Lagos allegedly conspired amongst themselves to conceal the sum of 1.667 billion Naira said to be the proceeds of crime.

The Offence was said to be contrary to Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 17(a) of the same Act.

In the other charges, Mr Waripamo-Owei also allegedly used six companies – Seagate Property Development and Investment Limited, Avalon Global Property Development Company Limited, Ebiwise Resources, Pluto Property and Investment Company, Rotato Interlink Services and De Jakes Fast Food and Restaurant Nigeria Limited  – to conceal varying sums of money between June 2013 and April 2016.

The EFCC’s Prosecuting Counsel, Rotimi Oyedepo, had listed 21 witnesses to testify against the defendants, including Representatives of some banks.

EFCC Charges Jonathan’s Aide, Waripamo-Owei

EFCC, Dudafa Waripamo-Owei, Goodluck JonathanThe Economic and Financial Crimes Commission (EFCC) has filed a 23-count charge against the Senior Special Assistant on Domestic Affairs to former President Goodluck Jonathan, Dudafa Waripamo-Owei.

Channels Television’s judiciary correspondent, Shola Soyele, who obtained a copy of the charge, said that Mr Waripamo-Owei was charged alongside one Iwejuo Joseph Nna, also known at various times as Taiwo Ebenezer and Olugbenga Isaiah.

In the first count, the defendants on or about June 11, 2013 in Lagos allegedly conspired amongst themselves to conceal the sum of 1.667 billion Naira said to be the proceeds of crime.

The Offence was said to be contrary to Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 17(a) of the same Act.

In the other charges, Mr Waripamo-Owei also allegedly used six companies – Seagate Property Development and Investment Limited, Avalon Global Property Development Company Limited, Ebiwise Resources, Pluto Property and Investment Company, Rotato Interlink Services and De Jakes Fast Food and Restaurant Nigeria Limited  – to conceal varying sums of money between June 2013 and April 2016.

The EFCC’s Prosecuting Counsel, Rotimi Oyedepo, had listed 21 witnesses to testify against the defendants, including Representatives of some banks.

The accused have been scheduled for arraignment on Wednesday before Justice Mohammed Idris of the Federal High Court in Lagos, Nigeria’s commercial capital.

N8b Currency Scam: EFCC To Arraign 6 CBN Bosses, 16 Others

EFCCThe Economic and Financial Crimes Commission (EFCC) is set to charge six top officials of the Central Bank of Nigeria (CBN) and 16 others to a Federal High Court on June 2, for a sum of 8b Naira currency fraud.

The commission said in a statement signed by its Head of Media & Publicity, Wilson Uwujaren, on Sunday that it would bring the executives before the court for their involvement in the theft and re-circulation of defaced and mutilated currencies.

According to the EFCC, “The Economic and Financial Crime Commission (EFCC) has concluded arrangement to arraign in court, five top executives of the Central Bank of Nigeria (CBN), implicated in a mega scam involving the theft and re-circulation of defaced and mutilated currencies.

“The suspects drawn from various business units of the apex bank are to be docked by the anti-graft agency before a Federal High Court sitting in Ibadan, Oyo State, from Tuesday June 2, 2015 to Thursday June 4, 2015.

“They include Patience Okoro Eye (Abuja), Afolabi Olufemi (Lagos), Kolawole Babalola (Ibadan), Olaniran Muniru Adeola (Ibadan), Fatai Yusuf Adekunle (Head, Security, CBN, (Ibadan) and Ilori Adekunle Sunday, (Akure).”

The commission explained further that “the remaining 16 suspects were drawn from various commercial banks, who were found to have conspired with the CBN executives to swing the heist. All the suspects, who are currently in the custody of the EFCC, are now ruing the day they literally allowed greed and craze for materialism to becloud their sense of judgment and responsibility, when they elected to help themselves to tones of defaced Naira notes.

“Instead of carrying out the statutory instruction to destroy the currency, they substituted it with newspapers neatly cut to Naira sizes and proceeded to recycle the defaced and mutilated currency. The fraud is partly to blame for the failure of government monetary policy over the years as currency mop up exercises by the apex bank failed to check the inflationary pressure on the economy.”

“The lid on the scam which was widely suspected to have gone on unchecked for years, was blown on November 3, 2014 via a petition to the EFCC alleging that over N6, 575, 549, 370.00 (Six Billion, Five Hundred and Seventy-Five Million, Five-Hundred and Forty-Nine Thousand, Three Hundred and Seventy Naira) was cornered and discreetly recycled by light fingered top executives of the CBN at the Ibadan branch.

“The suspects, who were members of the Briquetting Panel, plotted their way to infamy on September 8, 2014, while carrying out a Briquetting exercise at the CBN Branch, Ibadan. In banking parlance, Briquetting is disintegration and destruction of counted and audited dirty notes. By this practice, depositor banks usually take mutilated notes to the CBN in exchange for fresh notes equivalent of the amount deposited.

“The depositor banks in this instance, are Zenith Bank, FCMB, Wema Bank, Access Bank, First Bank, Skye Bank, Ecobank and Sterling Bank. But while carrying out the assignment, the team were alleged to have found one of the currency boxes filled only with old newspapers rather than 20 bundles of N1000 notes. A similar case, according to investigation, had been discovered on September 22, 2014 when a box that was supposed to contain N500 notes to the tune of N5billion was filled with old newspapers,” the commission said.

The EFCC stressed further that “unlike in the past, this fraud could not be swept under the carpet, as a member of the Briquetting Panel from the Osogbo branch blew the lid on the illicit deal.

“In a statement, the informant stated that the exercise was designed to last between August 4 and 8, 2014. The 35-year-old, however, stated that she discovered a strange ‘sight’ while opening the third box on the second day of the exercise. It was a discovery that beat her ken.

“A five count charge awaits the suspects as they prepare to face the wrath of the law.”