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UK Probe Finds No Stolen Nigerian Funds Linked To Diezani –Ozekhome

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Legal luminary, Prof. Mike Ozekhome, SAN, has debunked persistent allegations of corruption against former Minister of Petroleum Resources, Diezani Alison-Madueke, asserting that no stolen Nigerian funds have ever been traced to her by UK authorities.

In a statement released on Sunday titled, ‘There is no such thing as Diezani Loot,’ Ozekhome stated, “The immediate past Executive Chairman of the EFCC, Abdulrasheed Bawa, confirmed to her lawyers that no funds from the coffers of the Federal Government of Nigeria have been found ever stolen by her.”

He said that the former minister, who has been under investigation by UK authorities since October 2015, has not been charged with misappropriating public funds despite nearly a decade of scrutiny.

According to Ozekhome, Alison-Madueke’s prolonged ordeal stems from baseless allegations, unverified narratives, and public vilification rather than concrete evidence.

“DAM (Diezani Alison-Madueke) has continued to face relentless defamation and misinformation. Her name is routinely linked to allegations and properties, like the recent case of the ‘Galactica Yacht,’ which she neither owned nor ever set eyes on,” he said.

Ozekhome referenced court rulings to support his client’s case, particularly a decision by the Federal High Court, Abuja, which cleared parties linked to a Strategic Alliance Agreement (SAA) of wrongdoing.

“Let us be very clear about this: the issues of non-payment of the cash-calls that subsequently arose in the Atlantic Energy SAAs had nothing whatsoever to do with the initial contract award which followed due process and was properly made.

“Those issues arose as a direct result of the manner of operational implementation and supervision and had nothing whatsoever to do with DAM. She was never involved in any way or manner.

“As a matter of fact in April 2014, as soon as she was brought to her attention by an external multinational head that there were some issues regarding the Atlantic Energy SAAs, she immediately took strong and direct action by promptly alerting Mr. President, the Permanent Secretary (PS), of MPR and the GMD-NNPC, in writing, and directed that an immediate two-week investigation be carried out.

“Following the resulting investigative report, DAM again directed in writing to the PS, MPR and the GMD-NNPC, with Mr. President’s knowledge and approval, that a process for the recovery of the unpaid cash-call be immediately put in place,” he said.

He noted that the yacht in question was reportedly forfeited by businessman Kola Aluko, who had valid contracts with the NNPC.

The lawyer emphasised that Alison-Madueke’s role as minister was limited to endorsing contracts already vetted by the NNPC, adding, “She merely followed due process as required by her statutory duties.”

Ozekhome also shed light on the former minister’s health struggles, revealing that she underwent chemotherapy for cancer shortly before being detained in the UK.

“Despite battling for her life and surviving on goodwill from friends and family, she has faced unrelenting public scrutiny and baseless accusations,” he lamented.

The senior advocate called on the public to allow the UK legal process to take its course without interference or prejudice, stressing the importance of fair hearing.

“Let the law take its natural course. It is time to stop the vilification of an innocent Nigerian citizen,” he added.

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US Embassy, Consulate To Close Monday For Presidents’ Day

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The United States will temporarily shuts its Embassy in Abuja and the Consulate General in Lagos on Monday, 17 February 2025, in observance of Presidents’ Day.

This was disclosed in a post on X by the diplomatic mission.

It assured the public that normal operations would resume the following day.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 17, 2025, in observance of Presidents’ Day. We will resume normal operations on Tuesday, 18 February 2025,” the mission said.

The Presidents’ Day is observed in the United States annually on the third Monday of February to honour past and present leaders of the nation.

Although essential services will remain accessible through emergency contact channels, routine consular services will resume after the holiday.

Nigerians seeking U.S. visas or consular assistance are advised to plan their visits accordingly.

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Alleged ₦96bn Fraud: Edo Panel Indicts Obaseki, Impeached LG Chairmen

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Edo State Governor, Monday Okpebholo, receives the report from the Administrative Panel of Enquiry set up to investigate the financial dealings of the impeached 18 Local Government Chairmen in the state.


Edo State Governor, Monday Okpebholo, has received the report of the Administrative Panel of Enquiry set up on the 18th of December, 2024 to investigate the financial dealings of the impeached 18 Local Government Chairmen in Edo State from 4th September, 2023 to November, 2024 and has vowed to petition the EFCC over its findings.

The Chief Press Secretary to the Governor, Fred Itua, disclosed this in a statement on Sunday.

He said the Chairman of the panel, Solomon Imohiosen, while submitting the report and recommendations to Governor Okpebholo over the weekend disclosed that findings and forensic investigations uncovered that huge sums amounting to ₦96 billion were either mismanaged and/or diverted to private accounts.

“The panel’s investigation uncovered significant irregularities in the financial activities of the 18 Local Governments Councils. The recommendations outlined in the report aim to address these issues and promote transparency and accountability in the Local Governments finances,” Imohiosen said.

According to the statement, the panel observed that ₦95 billion was received from the Joint Allocation Account Committee (JAAC) by the 18 Local Government Area Chairmen for the period investigated. It, however, reported that the funds were not judiciously utilized as no meaningful projects were on the ground to justify the amount received.

The panel reportedly confirmed fraudulent diversion of Local Government funds to political godfathers in the State, alleging that over ₦10 billion was fraudulently siphoned, using the psudo name, “Security, Environment and Training.

The report is said to claim that the 18 Local Government Area Chairmen contributed to the account, which was used as a conduit pipe to drain government resources, as money were transferred from there to various individuals and companies.

Besides the impeached Local Government Chairmen who were reportedly indicted by the report, former governor Godwin Obaseki, and leaders of the factional Peoples Democratic Party (PDP), among others, were also allegedly fingered.

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‘Taxes And More Taxes On Over­burdened Masses’, Nigerians Fault CBN’s Decision To Impose Minimum Charge On ATM Transactions

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By Augustine Akhilomen

Nigerians have questioned the decision of the Central Bank of Nigeria boss, Olayemi Cardoso, to impose a mini­mum charge of N100 for ATM transactions exceeding N20,000, which is expected to take effect from March 1st, 2025.

Under the revised fee struc­ture, withdrawals from one’s bank ATMs will remain free of charge.

However, customers using ATMs of other banks will be subjected to a charge of N100 per withdrawal of N20,000 or less at on-site ATMs, which are located within or directly affiliated with a bank branch.

Off-site ATMs, which are po­sitioned outside bank premises such as shopping malls, fuel sta­tions, and other public spaces, will attract an additional sur­charge of up to N500 per trans­action.

However, such policies have angered some Nigerians who believe that President Bola Tinubu has increased the burden of the masses with such policies.

Meanwhile, bishop Herbert Ekechukwu, a cleric and economist, recount­ed: “This new policy is expected to take effect from March 1, 2025. Another bank ATM will attract N100 levy, plus additional sur­charge of up to N500 per N20,000.”

“Taxes and more taxes on over­burdened masses. The average Nigerian is struggling to make a living.

“They are already encum­bered with super runaway in­flation. To suffocate them again with more taxes shows a high level of insensitivity by the elite ruling class.

“Not quite long, we discussed the proposed increase of telecom tariff and now this.

“I remember many years ago when Military President Ibrahim Babangida was putting Nigerians under great affliction with the Structural Adjustment Programme (SAP).

“General Olusegun Obasanjo warned that SAP should have a human face. I do not see this gov­ernment having a human face.

“Please, let us think outside the box to grow this economy. Taxation is not the only way to grow the economy.

“Let us look at other options available without putting more stress on the already suffering masses.

“Let our emphasis shift to youth empowerment, agricul­ture and rural industry, quality education, etc.

“Taxation is necessary, but people’s welfare is of utmost im­portance.”

Also, Tola Oresanwo, an activist and public affairs analyst, said, “It portrays this administra­tion as one that is insensitive, unresponsive and callous.

“The weight of the burden being placed on the common man in the country is becoming unbearable day by day.

“Although the CBN attributes this review to rising operational costs and the need to enhance the efficiency of ATM services in Nigeria’s banking industry, I want to disagree with that notion because going by the huge profits after tax being declared by these commercial banks, year in, year out, there is no basis whatsoever for an upward review of the ATM transaction charges.

“The increased fees may discourage the use of banking services, especially among low income earners who may see the upward review as a means of cheating or shortchanging them, and this move could negatively impact the CBN’s financial inclu­sion campaign.”

In the same vein, Utase Joseph Utase, a consul­tant, stated: “The new CBN poli­cy imposing a minimum charge of N100 per N20,000 withdrawn from other banks’ ATMs will sig­nificantly impact on everyday Nigerians.

“Many rely on ATMs for cash transactions, especially in areas with limited banking services.

“This additional cost could strain low income earners who frequently use ATMs for small withdrawals.

“It may also discourage cash transactions, pushing more peo­ple toward digital banking.

“However, for those with lim­ited access to mobile banking, it could lead to frustration and increased financial burden.

“Ultimately, while the policy may benefit banks operationally, it adds another expense for regu­lar Nigerians.”

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