Doyin Abiola Arrested For Fraud

Former Managing Director of the defunct Concord Newspapers, Dr. Doyin Abiola has been arraigned before the Federal High Court, Lagos, for fraud.
A statement signed by Police Public Relations Officer DSP Ngozi Isintume-Agu said that the Financial Malpractices Investigation Unit (FMIU) of Special Fraud Unit (SFU) said that between 2006 and 2008, as a Director of the Integrated Microfinance Bank, Dr. Abiola granted to herself without collateral and approval from the Management, the sum of N26,611,246.48.
Dr. Abiola, of 42/46 Moshood Abiola Crescent, Ikeja, Lagos, and wife of the late Chief Moshood Abiola, is one of four Managing Directors or Directors of Integrated Microfinance Bank (IMFB) located at 6A Adeniyi Jones Avenue, Ikeja, who were arrested and charged by the SFU.
The others are Akinteye Simon Ademola, Dr. Jerry Orimovuohoma and Oladapo Bello.
The SFU said the four officials of IMFB unauthorized credit facilities to the tune of N327,566,000 to themselves and other related companies without collateral and that the loans are still outstanding.  In the forensic investigation conducted by FMIU of SFU, the Directors were found wanting in the discharge of their duties while on the Board of Integrated Microfinance Bank (IMFB).
· Ademola of Plot 7, block 90, Mobolaji Ogunde Crescent, Magodo GRA Phase 2, Lagos converted the sum of N131.176 million to his personal use without approval.
· Orimovuohoma of 129B Oba Ladejobi Street, GRA, Ikeja granted unauthorized credit facility to the tune of N29,200,000.00 to himself without collateral.
· Bello of 23/25 Ijora Causeway, Ijora, Lagos recklessly granted the sum of N3,200,000.00 to himself without collateral.
“The bank liquidity was greatly affected with the sum the directors took,” the statement said.    The case comes up at the Federal High Court on December 10.

PDP Says It Is Not Worried About Losing Key Members to Rising APC

The Peoples Democratic Party (PDP) says it is not worried about today’s major decamping of several governors who joined the All Progressive Congress (APC), asserting that those members have a right of association.
“We wish to state categorically that the PDP remains unperturbed as we are now rid of detractors and distractions, it said in a statement by its National Publicity Secretary Olisa Metuh, in which it called on its members to remain focused.
It said that by their open declaration, the departing members have unveiled their true intent and “chosen to abandon a broad based national platform” in favour of “a narrow group of ethnic and religious bigots whose main intention is to unleash a state of anarchy” on the country.
“We wish to remind our members that from the rulings of the court there are no factions whatsoever in the PDP. In the eyes of the law, the PDP remains one and an indivisible entity under the leadership of Alh. Dr. Bamanga Tukur, CON. We wish to commend the wise decision of some of the aggrieved Governors to dissociate themselves from the action of some of their colleagues. We assure all Nigerians that the PDP will continue to grow from strength to strength and will definitely emerge stronger from this event.”
Insisting that there are no factions whatsoever in the PDP, despite the fact there have been open and growing divisions for months, Mr. Metuh stated that the peace process initiated by President Goodluck Jonathan is still on course, and thanked him for “his patience, humility and spirit of accommodation.”
The meeting between the President and aggrieved members shall hold on next Sunday, he said.  A similar meeting scheduled for last weekend was cancelled by Mr. Jonathan after he returned from London.
In a somewhat conciliatory tone, the party noted that its doors remained open to address all grievances, but warned it will not condone acts of internal subversion.
“The beauty of democracy is that in a political party system, some members are bound to leave while others come in,” the statement said.

Asari-Dokubo Arrested In Benin Republic

The leader of the Niger Delta People’s Volunteer Force, Alhaji Mujahid Dokubo-Asari, was today arrested in Cotonou, Benin Republic.
A statement by his lawyer, Festus Keyamo, said Dokubo was picked up by the police between 1:00pm and 2:00pm around the Lubeleyi roundabout, and taken to an unknown destination.
The wealthy former militant reportedly opened a private university in the Benin Republic, the King Amachree African University that is preparing to start degree-awarding programmes in 2014.
“We want to emphasise that Alhaji Dokubo-Asari carries on legitimate business and has been living partly in Benin Republic for many years now,” Keyamo said in his statement.  “In fact, he owns houses, schools and an academy in that country. All these places have been searched as at this evening and nothing incriminating was found.”
He suggested that Dokubo’s arrest and detention may be a ploy by “certain forces in Nigeria in unholy alliance with the Beninoise government” to keep his client away as 2015 approaches.
“We call on the Nigerian government to immediately intervene and ensure that no harm befalls Alhaji Dokubo-Asari and to use all diplomatic means to secure his immediate release and safe return to Nigeria,” he said.
Dokubo has in recent times vowed that unless Mr. President Jonathan retains the presidency in 2015, Nigeria would break up.

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