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APC chieftain, Sen. Osita Izunaso in property grabbing mess

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A top chieftain of the All Progressive Congress, APC and former senator representing Imo West in the National Assembly, Senator Osita Izunaso is currently enmeshed in a battle of wits to grab an apartment in the Apo Legislative Quarters and evict its rightful owner.

Claiming to be executing the judgment of the court in his favour, reports have it that the national organizing secretary of the APC, forcefully gained access to the property and removed some of the owner/occupier, Mrs. Esther Jesulanke’s fittings and belongings. It is said that he flung out the old woman’s belongings outside the property thereby damaging the fittings and belongings of worth and value in spite of a pending suit at the FCT High Court challenging an earlier court judgment.

It was learnt that Senator Izunaso, who showed more than a passing interest in the property located at Block 20, Flat 3, Moses Adasu Close, Zone D before it was sold by the original owner, had earlier deposited a paltry five million naira for the property whose value then was about N35 million in 2013.

The then owner, Mrs Grace Inyang, who reportedly put up the property for sale with plans to buy a new property in her village where she planned to relocate after retirement, was said to have rejected the senator’s deposit even though it was paid through her counsel, Barrister Victor Okangbe, for the reason that the senator did not fulfill the condition precedent to ownership rights, which was payment of the total sum of N35, 000, 000.00 required for the release of the Deed of Mortgage on the said property with Aso Savings.

She consequently assigned the property to Taulahi Investment Nigeria Ltd represented by one Hon. Jega who sold it to the current owner/occupier, Mrs Esther Jesulanke who was certainly oblivious of the transaction between Mrs Inyang’s counsel and Senator Izunaso.

Mrs. Inyang declared that the five million naira paid by Senator Izunaso to Barrister Okangbe was received without her consent and she had transferred to money back to her counsel before empowering Taulahi Investment Nigeria Ltd to proceed with the sale of the apartment to a buyer who was willing to pay the complete amount.

Now, the buyer, Mrs Jesulanke is crying out that there have been attempts to eject her by hook or crook by Senator Osita Isunazo who alleged that by a judgment dated 13th October 2013, the court gave an order of specific performance of the contract of sale between him and Mrs. Grace Inyang.  She said she was taken aback by the fact that a judgment of specific performance was awarded to enforce the said sale where Senator Osita purportedly paid a paltry deposit of N5, 000, 000.00 for a property as opposed to a part payment.

According to information, Mrs. Jesulanke’s assertion is that the transfer of the property from Mrs. Inyang to Taulahi Investment Nig. Ltd whom she derived her title from was first in time. In addition, she was a bona fide purchaser for value without any notice of any attempted sale or failed sale.

Also, that Senator Osita who was aware that there was an occupant in the premises did not take adequate steps to join the said occupant to the purported suit he filed at the High Court of Abuja. Mrs. Jesulanke was shocked to discover the attempt to execute the purported judgment against her when she had been in possession of the property as a bona fide purchaser.

Mrs. Jesulanke’s solicitors, we further gathered, have sought redress on her behalf by filing a suit for trespass against Senator Osita Izunaso at the FCT High Court in Suit No: Cv/386/2015 -Taulahi Investment Nig Ltd v. Senator Osita Izunaso & Grace Inyang. In addition, her solicitors are also challenging the judgment of the Hon. Justice Talba by filing a Notice of Appeal at the Court of Appeal as an interested party whose interest the trial court ought to have considered before giving an order of specific performance.

In spite of the solicitors; pending suits, Senator Osita still forcefully ejected her belongings out of the property when Mrs. Jesulanke travelled out of the country. Senator Osita threw her properties and belongings outside and lots of her properties have been seriously damaged while others were stolen.

Mrs. Jesulanke has considered the deprivation of her property as unfair and unjust and desires her property back. However, this has proven difficult in the midst the forceful ejection and the political clout of the senator who ejected her from the property.

It is believed that Senator Izunaso is using his political clout as a former Senator and Chieftain of the ruling APC to intimidate and coerce a hapless old woman to forfeiting her property.  All attempts and overtures from this grandmother has fallen on deaf ears as he continues to threaten and harass her.

“We hope that the former lawmaker would respect court processes and wait for the outcome of the appeal before causing further pains to the old woman, more so, as a top member of All Progressives Congress, a political party that claims to fight corruption, preaches equity and fairness.” A source in the know said.

Efforts to reach Sen. Izunaso for his reaction to the development proved futile as calls and text messages sent to his mobile line were not responded to as at press time.

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INVESTIGATION

EFCC to probe Delta Gov. Okowa’s N736m substandard road project

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…..As Community Youths Protest Low Standard Job

 


 

Information reaching The Witness has revealed that the Economic and Financial Crimes Commission, (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), are set to take over the lingering case of the ongoing substandard road contract awarded to PORTPLUS limited, a marine service company, at the sum of N736, 404, 555.60 by the Delta State government.

It would be recalled that in March, 2017, Delta state governor, Mr. Ifeanyi Okowa, had awarded to Portplus Limited, the contract to construct a three kilometers concrete pavement road with both sides drainages at Ikpide-Irri, a riverine community, Isoko South local government area of Delta state.

The substandard collapsed culvert.

The contract which is said to be a ‘kola-nut’ from the governor to the chairman of Portplus Limited, Mr. Immanuel Omoefe, an indigene of the community is already generating controversy following the substandard work and usage of low quality materials by the contractor, resulting to protest by the locals.

Speaking with our reporter, an EFCC official who does not want his name mentioned confided that, “Please don’t quote me, but I can tell you that the commission has been following stories from online media concerning the contract. We saw in the whole contract elements of fraud especially in the area of execution. We are very must interested in the issue”

One of the culverts being constructed with 10mm rods as against the specified 16mm on the BOQ

According to pur EFCC source, “As we talk, we are talking with the lawyer to the concerned indigenes of the community who petitioned governor Ifeanyi Okowa on the substandard work and he is cooperating with us.

“Once we receive the petitions been expected, our Benin city office in Edo state will swing into action and all names that will be mentioned especially the contractor would be invited for questioning. A colleague of mine in the ICPC told me too they are interested and will also step into the matter.”, Our EFCC source disclosed.

The concerned indigenes of the community through a petition addressed to governor Okowa last week and signed by their counsel, Mr. Chuks. F. Ebu, had raised the alarm of substandard job by the contractor saying that instead of construction of both sides drainages, using of rods and other materials specified in the Bill Of Quantity, (BOQ), the contractor went for substandard materials.

The 10mm used to construct one of the culverts.

The petition which was made available to tbis medium, copied the Commissioner of Police, state commissioner for works, member representing constituency 1 in the state house of Assembly, Orezi Esievo, State Director, SSS, Chairman, Isoko South local government area, all branch chairmen of Ikpide-Irri unions, President General, Isoko Development Union, (IDU) and others.

According to the petition with the title “Re:Construction Of Ikpide-Irri Township Roads: Protest Against The Substandard Job And Call For Strict Adherence To The Bill Of Quantity.”, failure by the contractor to adhere strictly to the Bill of Engineering Measurement and Evaluation, ( BEME), the BOQ and other contract papers, the Economic and Financial Crimes Commission, (EFCC) and other anti-graft agencies would be invited into the contract.

“That the culverts should be reconstructed because the converts construction was not met as rods used was 10mm at interval of 300mm instead of 16mm at interval of 150mm spacing specified in the drawings and the original Bill Of Quantity (BOQ) and concrete mixed was very poor. Also the size specified in the drawings was not professionally followed.”

Our correspondent reliably gathered that few days ago one of the controversial culverts carrying 10mm rods as against the specified 16mm collapsed during a visit by some persons from the Ministry of works.

Meanwhile, the community youths on Sunday staged a peaceful protest in the community and called on the contractor to as a matter of urgency and importance follow standards in the execution of the contract or be ready to face the music of the Economic and Financial Crimes Commission, (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Speaking during the protest, the leader of the protest, an activist and indigene of the community who doubles as the President of Isoko Monitoring Group, (IMG), a Pan Isoko group known for championing of development in Isoko, Delta and beyond, Mr. Sebastine Agbefe, lamented the substandard work by Portplus limited and called on the contractor to immediately destroy and reconstruct all the culverts in the community that were done with 10mm instead of 16mm according to the BOQ.

“This is a fraud of the highest order, this is pure wickedness and we can no longer folds our arms and watch one man shortchange us because of his personal greed and selfishness. We are warning the contractor to destroy all the culverts done with 10mm and reconstruct same with 16mm according to the BOQ.

“The contractor should also make sure that both sides drainages are constructed on the road and must use standard materials specified on the BOQ. And again, Portplus must adhere strictly to the specifications on the BOQ and any attempt to compromise standards as far as this contract is concerned, Portplus will be made to face EFCC and ICPC.”, Mr. Agbefe stated.

The IMG president, however enjoined indigenes of the community, especially the youths not to take the laws into their hands even as he challenge all communities in Isoko nation to be involved in the monitoring of execution government projects in their various domains.

It was gathered that some of the youths and other indigenes who came out enmass were scared away from the protest by parents and relatives for fear of been victimized by power that be in the community that is already compromised by the contractor.

Our correspondent reliably learnt that video clips and photographs of the substandard work taken during the protest will be sent to the Economic and Financial Crimes Commission, (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as requested.

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INVESTIGATION

How DMO DG, Oniha’s management style is killing Nigeria’s economy

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-As financial experts call for her sack

By Festus Onajite

Nigeria’s economy is heading for more tough times ahead going by current happenstances at the Debt Management Office, DMO, manned by Ms. Patience Oniha.

There have been red alerts pointing towards a major crisis in the Nigerian economy since Oniha took over about a year ago from Dr. Abraham Nwankwo as the director-general. And despite the several millions of naira allocated to the agency, DMO itself is presently a shadow of its old self due largely to the perceived incompetence of the current DG.

The major worry at the moment is that despite the rising debt profile of the nation, the federal government has been unable to develop a fresh debt management strategy, seven months after the expiration of the Debt Management Office’s (DMO) five-year Third Strategic Plan initiated by Oniha’s predecessor.

Investigations also revealed that DMO is bereft of its own internal working plan, which we learnt, is in the pipeline.

Nigeria’s total public debt increased by 4.52 per cent in the first three months of 2018, the DMO had revealed, adding that the country’s debt increased from N21.73 trillion in December 2017 to N22.71 trillion at the end of the first quarter of 2018.

Financial experts attribute the above trend to lack of administrative skills exhibited by Ms Patience Oniha in handling affairs at the DMO. It is further argued that if no drastic steps are taken by the federal government concerning the Debt Management Office, the Nigerian economy risks a further nosedive in a few months to come.

“She is an analogue administrator who cannot operate in the digital age of debt management,” a financial expert quipped recently. He called for the sack of the director-general to be replaced by a more competent and experienced hand to manage an agency as strategic as the DMO.

As it stands, the prospect of the debt portfolio has become higher as Nigeria has just signed an agreement with France for $475million loan facility for some projects in Lagos, Kano and Ogun States.

The Debt Management Agency is a very critical arm of the federal government as far as debt management is concerned. Section 6(c) of the DMO Establishment Act 2003 states that the agency must, “prepare and implement a plan for the efficient management of Nigerian’s external and domestic debt obligations at sustainable levels compatible with desired economic activities for growth and development; and participate in negotiations aimed at realising those objectives.”

Due to its very critical role in the economy, the Debt Management Office has always operated with a strategic plan since it was establishes on 4th October 2000 to centrally coordinate the management of Nigeria’s debt. Its last strategic plan that expired last December was the third since its establishment.

Though the director-general of DMO had said that Nigeria’s steadily rising debt profile was not a big issue, the International Monetary Fund has expressed deep concerns over Nigeria’s capacity to repay its rising debts. IMF officials recently warned the government that Nigeria has been sliding down towards debt trap.

At a press conference on the sidelines of the World Bank Group Spring Meetings in Washington DC, recently Mrs Catherine Pattillo, Assistant Director, Fiscal Affairs Department of IMF, described Nigeria’s debt to revenue ratio, which she put at 63 percent, as “extremely high.”

According to her, “Borrowing by countries can create benefits if used for investments of high returns. Our evidence suggests that’s not the case in some countries, especially in Nigeria. So rising debt can create the vulnerabilities.”

Chirstine Lagarde, the head of International Monetary Fund corroborated this last month while addressing financial leaders from some developing countries. She said that global debt had soared to 220 per cent of global output, a staggering level that did not bode well for member economies.

In most economy, the debt problem was casting a shadow over future growth prospects, she said.

All efforts to reach Ms. Oniha for her angle proved futile as her mobile number 0802..…….79 was not reachable as at press time.

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INVESTIGATION

Customer battles Diamond Bank over N1.5bn fraud

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Diamond Bank Plc may have to shell out the princely sum of N2.6 billion if it loses the suit brought against it by a limited liability company Gitto Costruzioni Generali Nigeria Limited. The company which specializes in construction is suing the bank for allegedly mismanaging its accounts domiciled in the bank.
The statement of claim filed by B. A. M Ajibade (SAN) averred that the deponent had sometime in 2004 opened a main account with Diamond Bank to execute construction projects. Moreover, in the course of the normal relationship between bank and customer it was able to secure overdrafts, loans and bank guarantees.
According to a copy of the statement of claim obtained by this newspaper, trouble began when the bank allegedly began to overcharge the company’s main account with sundry levies including Commission on Turnover (COT), lending fees, bank guarantee fees, transfer fees and interest on loans in a manner contrary to the written agreements the company had earlier signed with the bank.
The statement claimed further that an audit of the company’s accounts revealed that it had been overcharged to the tune of N1.5 billion by Diamond Bank. It further claimed that Diamond Bank voluntarily admitted to having charged excessively to the tune of about N246 million.
The company further claimed that the uncertainty surrounding its accounts with Diamond Bank and the bank’s withdrawal of funds from its accounts through illicit charges caused cash flow problems and delays for the company and contributed to the company’s inability to execute some major projects, including the Akwa Ibom Airport, in a timely and efficient manner.
It is therefore claiming N564 million in damages for loss of profit, N1 billion in special damages for consequential loss, another 1 billion in general damages for breach of the banker/customer relationship, and an additional N100 million in legal costs.
The suit has been adjourned till 15th of October, 2018 for hearing.
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