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Maina fights back alleges 6m pounds loot in London accounts

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The embattled former Chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Maina, said yesterday that he was being hunted for stopping N5.32 billion allegedly being stolen monthly in the office of the Head of Service (HoS) and Police Pension office.

Maina said his media trial and allegations against him were part of efforts by ‘pension thieves’ to stop him from exposing them. He said it was the reason he urged President Muhammadu Buhari to investigate pending pension petitions, especially as Senator Kabiru Gaya said in an interview that the N195 billion he (Maina) was accused of stealing was in the Treasury Single Account (TSA).

Speaking through his aide, Olajide Fashikun in Kaduna yesterday, Maina who has been on the run, said the presidential investigation was imperative to expose the real pension thieves, some of whom he alleged, were highly placed public office holders.

Maina, who said his task team saved the country about N282 billion from June 2010 when it was constituted, added that the presidential investigation would also expose the £6 million (about N3.3 billion) stashed in accounts in London and the top government functionaries in different offices who were drawing the interest on the accounts.

According to him, “between the Head of Service and the Police Pension office, the two places PRTT worked, a leakage of N5.32 billion was stopped per month. This is what civil servants steal monthly in the two offices out of the 99 pension offices in the country. About 43 persons were arrested and handed over to the Economic and Financial Crimes Commission (EFCC) to prosecute while 222 houses were seized from them.”

The aide said: “In the current media trial where all manner of stories have been published, there has been a lot of distortion of facts and sometimes outright blackmail, all in an attempt to paint the PRTT boss black.

“As soon as Maina was driven to exile before the coming of the PTAD, N35 billion was stolen in the Head of Service office. The Independent Corrupt Practices and other related offences Commission (ICPC) did not come out with the report. How come nobody is talking about these monies?” Fashikun asked.

He further said: “After the biometric exercise, there were 71,000 genuine workers in the police pension office who needed N826 million to pay them unlike N5.3 billion appropriated for them annually. They were pocketing N4.2billion yearly. They devised several ingenious ways to pull this cash out, they pull out an average of N300 million daily, Monday to Friday. There are bank alerts to substantiate these assertions.

“There is a particular person who has 69 cloned versions of his name on the payroll. Bank officials were in cohort. Names of dead pensioners were ‘exhumed’ from the dead and paid pension. Accounts were created with fictitious names. The agents who do the multiple collection of these monies from banks get 5 per cent of the volume collected. One of the folks caught then, by name Haruna Maigida, was paid via three accounts in June 2011 the sums of N7,783,891.68, N17,452,910.87 and N17,293,888.44. He confessed when the EFCC officials arrested him that he got 5 per cent for pulling the cash.”

According to Maina, “there has been a lot of deliberate cover in a well written script to give him a bad name. Some of those who worked in the PRTT committee do kabu-kabu to augment their survival. They were severely starved of funds, the PRTT was a cog in the wheel of so many who were looting the pensioner’s funds.”

He said his PRTT was brought in to sanitise a very corrupt pension system and it was the success of his pension system in the Ministry of Interior that brought him to the PRTT.

Maina said he had “verifiable” evidence the federal pension scheme was returning to “the looting era” which his team set out to end, noting that an alleged 98 per cent of pensioners had been denied their benefits since November 2012.

But in a swift reaction, the Nigeria police denied allegation that N5.32 billion was stolen from the police pension office, saying the allegation was unfounded.

The Force Public Relations Officer, CSP Jimoh Moshood who spoke with The Guardian in Abuja, yesterday said: “To the best of my knowledge, there’s no pensioner that said his or her money has been stolen and no money is being stolen from police pension. The allegation is baseless and it is unfounded.”

On Monday, there were reports of a leaked memo of the Head of Service of the Federation (HoS), Mrs. Winifred Oyo- Ita, which revealed that the recall and reinstatement of Maina was not done without President Muhammadu Buhari’s consent. She said she warned the president against it.

The HoS made this known in a memo addressed to the Chief of Staff to the President, Abba Kyari. The memo entitled, “Re: Abdulrasheed Abdullahi Maina” was received in the office of the Chief of Staff to the President on October 23.

Buhari had directed the HoS to investigate the circumstances of Maina’s return to the civil service.

The HoS said she met Buhari after the Federal Executive Council meeting of Wednesday, October 11, and verbally warned him against recalling Maina. She, however, did not say what the response of the president was after briefing him.

Meanwhile, the apex Yoruba socio-cultural organisation, Afenifere has challenged the Federal Government to prove its anti-corruption crusade by prosecuting Maina and his accomplices.

The Publicity Secretary of the group, Mr. Yinka Odumakin, spoke yesterday in their resolutions after a meeting held in Akure, alleging that the Buhari’s anti-corruption crusade was partial.

Afenifere expressed shock at the recall, reinstatement and promotion of Maina and the involvement of top government officials in the conspiracy that brought him back to office.

Odumakin, who also condemned the military occupation of the South West, insisted that the anti-corruption crusade should not be reduced to a means of fighting the opposition.

Also, the Catholic Archbishop of Abuja, Cardinal John Onaiyekan, urged President Buhari to go beyond the sacking of the former Secretary to the Government of the Federation (SGF) Babachir David Lawal and the former Director General of the National Intelligence Agency (NIA) Ambassador Ayodele Oke.

Onaiyekan spoke yesterday in Abuja at the Bicentenary (200th) anniversary of the birth of Baha’u’llah, the prophet and founder of the Baha’i Faith organised by the National Spiritual Assembly of the Baha’is of Nigeria.

According to Onaiyekan, not going beyond their sacking would make other people susceptible to corruption knowing they can only be sacked from their positions after stealing.

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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