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Attempt to defraud CBN of $100m lands Oil firm’s GMD in court

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The Group Managing Director (GMD) of an oil marketing firm, Triumph Oil and Gas Madagascar Nigeria Limited, Ibrahim Olanrewaju Mahmud has been charged with an attempt to defraud the Central Bank of Nigeria (CBN) to the tune of $100 million.

Mahmud, who was arraigned before a High Court of the Federal Capital Territory (FCT) on a six-count charge, marked: CR/1041/2020 was also accused of forging the signatures of the CBN Governor, Godwin Emefiele, Special Assistant to the President, Sabiu Yusuf and the GMD of Nigerian National Petroleum Corporation (NNPC), Mele Kyari.

According to the Economic and Financial Crimes Commission (EFCC), Mahmud, who allegedly claimed to be a Deputy Governor in CBN, was said to have taken the said forged documents to the apex bank to demand payment of $100m for the contract he claimed his firm was awarded by the CBN.

Mahmud was said to have also claimed that his firm was engaged to monitor and supervise major Federal Government’s infrastructure projects, forfeited assets and government businesses, for which the CBN approved the payment of the $100m.

Upon being confronted with Mahmud’s claims, the CBN was said to have referred the case to the EFCC for investigation, following which the investigating agency found that, not only was his firm not registered, the documents he paraded were of doubtful origin.

Mahmud, who, pleaded not guilty and was granted bail by Justice Halilu Yusuf, was, on Monday, ordered to be returned to the Kuje prison following his inability to meet the bail conditions.

At the mention of the case on Monday, prosecuting lawyer, Benjamin Manji said the case was for trial and that he was ready and has his witness in court.

Defence lawyer, J. K. Kolawole pleaded for time to enable him familiarise himself with the case, claiming he was new in the matter.

With EFCC’S lawyer not opposing the defence lawyer’s application, Justice Yusuf adjourned till January 24 for a definite trial, during which an official of the CBN is expected to testify for the prosecution.

Some counts in the charge read: ”That you Ibrahim Olanrewaju Mahmud on or about 8th May 2020 at Abuja, fraudulently made a false document to wit: Central Bank of Nigeria certificate of ownership, dated 6th May, 2020, purportedly signed by Mr. Godwin Emefiele, Governor of Central Bank of Nigeria and National Assembly of Federal Republic of Nigeria signature stating that you are the rightful beneficiary of US$100,000,000.00 only with the intention of causing same to be believed that the said document was genuine and emanated from Central Bank of Nigeria, which you knew to be false and thereby committed an offence contrary to Section 362 and punishable under Section 364 of the Penal Code Cup, 532 Laws of the Federation of Nigeria, (Abuja) 1990.

”That you Ibrahim Olanrewaju Mahmud on or about 18th May, 2020 at Abuja, fraudulently made a false document to wit: Central Bank of Nigeria deposit certificate dated 18th May, 2020, purportedly signed by Mr. Mele Kyari, Chairman of NNPC and Mr Godwin Emefele, Governor of Central Bank of Nigeria depositing US$50,000,000.00 only wit the intention of causing same to be believed that the said document was genuine and emanated from Central Bank of Nigeria, which you knew to be false and thereby committed an offence contrary to 362 and Punishable under Section 364 of the Penal Code Cup, 532 Laws of the Federation of Nigeria, (Abuja) 1990.

*That you Ibrahim Olanrewaju Mahmud on or about 22 July 2020 at Abuja, fraudulently used as genuine a forged document to wit: Centre Bank of Nigeria deposit certificate dated 18th May, 2020 purportedly signed by Mr. Mele Kyari, Chairmen of NNPC and Mr. Godwin Emefiele, Governor of Central Bank of Nigeria, when you presented the said document to the Central Bank of Nigeria to support your claim of USS50,000,000.00 only which you knew to be false and thereby committed an offence contrary to Section 366 and punishable under Section 364 of the Penal Code Cup, 532 Laws of the Federation of Nigeria, (Abuja) 1990.

”That you Ibrahim Olanrewaju Mahmud on or about 5t October 2020 at Abuja, with the intent to defraud, had in your possession, a document titled: Federal Republic of Nigeria Confirmation of Appointment, dated 15th January 2018 purportedly signed by Sabiu Yusuf, Special! Assistant to the President, printed from your email account – [email protected] wherein you presented yourself as Deputy Governor of Central Bank of Nigeria, a representation you knew to be false and thereby committed an offence contrary to Sections 6 & 8(b) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.

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Reduce cost of governance instead of planned oil subsidy removal – Muslim journalists tell FG

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Muslim journalists on the platform of Muslim Media Practitioners of Nigeria (MMPN) have advised the Federal Government to reduce the cost of governance instead of the planned subsidy removal.

DAILY POST recalls that the Federal Government had a few days ago announced its plan to remove subsidy on petroleum products.

But, MMPN in its reaction has advised the government to shelve the idea of oil subsidy removal.

The Oyo State chapter of the association, in a communique issued at the end of its monthly meeting held in Ibadan on Sunday, insisted that the government should reduce the cost of governance in order to save money to embark on developmental projects.

In the communique made available to DAILY POST on Monday through its Chairman, Alhaji Ridwan Fasasi, MMPN enjoined the government not to remove oil subsidy because such a move will lead to an increase in prices of fuel and other essential commodities.

The association revealed that the removal of subsidy at this time will inflict more suffering on the majority of the Nigerian masses.

It appealed to the committee set up by the Federal Government on fuel subsidy to advise the government to look for other options such as reduction in the cost of governance at all levels by 70 percent.

“The reduction in the cost of governance will help to save more money as the Association believes that the cost of governance in the country is too high compared to the developed world,” it said.

The association while reviewing recent happenings in the journalism profession in the state, advised media professionals to uphold the responsibility of being the watchdog of the society by avoiding practices that could lead to derailment from its journalistic ethos.

It condemned the crisis that characterised the October Correspondents’ chapel election and the recently held NAWOJ election in the state.

“The charade that led to the NUJ National election, the brouhaha that characterized NUJ, Oyo State Correspondent Chapel election and the recent State NAWOJ election where two factions are claiming leadership of the union is a show of shame which have soiled the watchdog responsibility of the media as well as its role model functions.

“MMPN warns civil and public servants against being overzealous in implementing government circulars or taking steps that could lead to denial or infringement on Muslims fundamental human rights,” it added.

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EPL: Highest goal scorers in Premier League so far [Top 20]

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Liverpool’s Mohamed Salah remains the top scorer in the Premier League after Week 13 games.

The Egyptian international is ahead of Leicester City’s Jamie Vardy on the goal chart.

Salah has so far scored eleven Premier League goals for Liverpool this season.

The former Chelsea and AS Roma star has two goals ahead of Vardy.

Premier League top scorers after match-day thirteen:

11 goals: Mohamed Salah (Liverpool).

9 goals: Jamie Vardy (Leicester City).

7 goals: Sadio Mane (Liverpool) and Diogo Jota (Liverpool).

6 goals: Michail Antonio (West Ham)

5 goals: Emmanuel Dennis (Watford), Joshua King (Watford), Maxwel Cornet (Burnley), Raphinha (Leeds United) and Ismaila Sarr (Watford).

4 goals: Reece James (Chelsea), Conor Gallagher (Crystal Palace), Cristiano Ronaldo (Manchester United), Bruno Fernandes (Manchester United), Son Heung-Min (Tottenham), Roberto Firmino (Liverpool) and Mason Greenwood (Manchester United), Christian Benteke (Crystal Palace), Callum Wilson (Newcastle United) and Pierre-Emerick Aubameyang (Arsenal)

Meanwhile, the Premier League match-fourteen will commence on November 30.

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EPL: Paul Pogba reacts to appointment of Ralf Rangnick as Man Utd manager

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Manchester United midfielder, Paul Pogba has welcomed with open arms the appointment of Ralf Rangnick as the club’s interim manager, The Athletic reports.

Rangnick is expected to be appointed the club’s interim boss soon and may be in charge of United’s next game against Arsenal on Thursday or the visit of Crystal Palace on Sunday.

Pogba is currently out of action after sustaining a thigh injury while on international duty with France.

The World Cup winner is currently in Dubai where he is continuing his recovery but is said to be ‘enthused’ by the news coming out of Old Trafford.

Pogba, according to the report, has received ‘positive feedback’ about the German from contacts in the game and is looking forward to working under him.

United won one and drew one of their last two games since they sacked Ole Gunnar Solskjaer and handed the role to Michael Carrick as caretaker boss.

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