NSA Fund Scandal: Presidential Committee Indicts Over 300 Contractors

Published

9 years ago

March 25, 2016

There are more revelations from the Presidency on contracts allegedly awarded by the office of the National Security Adviser (NSA) from 2011 to 2015.

A committee set up to examine the contract transactions has indicted more than 300 companies and prominent citizens including serving and retired officers of the Armed Forces.

According to the report, over 7 billion Naira has so far been recovered from the companies and individuals.

Also another 41 billion Naira is to be refunded by the indicted companies while further investigation by the EFCC is still ongoing.

The committee has further established that one of the indicted companies was overpaid to the tune of 7.9 million euros and 7.09 million dollars.
Below is the full statement by the Presidency.

PRESIDENTIAL COMMITTEE INDICTS OVER 300 ONSA CONTRACTORS, RECOVERS OVER N7 BILLION, ASKS FOR THE REFUND OF N41 BILLION, RECOMMENDS FURTHER INVESTIGATION OF CONTRACTS VALUED AT OVER N75 BILLION

A committee set up to probe contracts awarded by the Office of the National Security Adviser (ONSA) from 2011 to 2015 has indicted more than 300 companies and prominent citizens including serving and retired officers of the armed forces.

Over N7 Billion has been recovered so far from the indicted companies and individuals.

Another N41 Billion is to be refunded by the indicted companies while further investigation by the EFCC has been ordered to determine whether another N75 Billion should be recovered from some of the companies for unexecuted or partially executed contracts.

The committee further established that one of the indicted companies, Societe D’Equipment International was overpaid to the tune of 7.9 Million Euros and $7.09 Million.

The committee which is different from the committee that is investigating the Defence Arms and Equipment Procurement, discovered that there was a total disregard of salient provisions of the Public Procurement Act in the award of contracts by ONSA.

Several contractors were apparently over paid, while others were given full upfront payments contrary to their contract terms and agreements in force.

There was also evidence of payments to individuals and companies by ONSA without any contractual agreement or evidence of jobs executed. The committee further discovered that somecompanies failed to meet up their tax obligations for contracts executed.

The Committee has made attempts and succeeded in recovering some of the funds from these individuals and organizations amounting to Three Billion, Five Hundred and Thirty Seven Million, Five Hundred and forty Nine Thousand,
Two Hundred and Twenty Three Naira and Four Kobo (N3,537,549,223.04), Eight Million US Dollars ($8,000,000.00) and houses worth Five Hundred and Twelve Million Naira (512,000,000.00) from 32 companies. The Committee also established that some individuals and companies received monies without evidence of contractual agreements or jobs done. The amount received by these individuals was Seven Billion One Hundred and Four Million, Nine Hundred and Twenty Five Thousand Naira only (N7,104,925,000.00).

In a similar vein, the Committee revealed that some companies that failed to execute contracts or did so partially were to make refunds. The total amount to be refunded is Nineteen Billion, Eight Hundred and Ninety Six Million, five
Hundred and Thirty Nine Thousand, One Hundred and Twenty-five Naira and thirty kobo (N19,896,539,125.20) only, Forty Three Million Seven Hundred and Seventy One Thousand, Four Hundred and Thirty Three US Dollars and
Seventy-Three Cents ($43,771,433.73) and 2 houses in Abuja worth Two Hundred and Sixty Million Naira (N260,000,000.00).

The Committee also revealed that 15 companies were awarded contracts that require further investigation to ascertain the status of their contracts. The total value of the contracts awarded in this category was Eleven Billion Seven Hundred and Twenty Six Million Five Hundred and Seventy One Naira only (N11,726,571,161.00), Two Hundred and Two Million, One Hundred and Twenty Six Thousand, Eight Hundred and Ninety US Dollars only ($202,136,890.00) and Four Million, One Hundred and Fourteen Thousand Seven Hundred and Fifty Two Euros and Ninety Six Cents (€4,114,752.96).

The Companies investigated by the committee include:
a. Abrahams Telecommunication Limited and Value Trust Investment Limited RC 1050628 and RC133792.
b. Bilal Turnkey Contractors Limited RC 616389.
c. Circular Automobile Limited RC 953549.
d. Continental Project Associates Limited RC 1201210.
e. Da’voice Network Solutions Limited RC 658879.
f. Foretech Investment Limited RC 759046.
g. Forts and Sheild Limited RC 1148793.
h. GDP Associated Limited RC 830715.
i. Hakimco Automobiles – RC 904389.
j. Hamada Properties and Investment Limited RC 635720.
k. International Resources Management Company RC 228657.
l. Investment Options Limited – RC 133484.
m. Jakadiya Picture Company Limited RC 270972.
n. JBE Multimedia Investment Limited RC 48875.
o. Kamala Motors Limited RC 845545.
p. Key Information Services Limited RC 297516.
q. Leeman Communications Limited RC 499781.
r. MCAF Associates RC 734745.
s. Moortown Global Investment RC 968416.
t. Syntec Nigeria Limited RC 220165.
u. Trafiga Limited RC 1098961.
v. Trim Communications Limited RC 261180.
w. Securicor Emergency and Safety RC 431246.
x. Sologic Integrated Services Limited RC 744982.
y. Wada Autos Limited RC 1082513.
z. Zukhruf Nigeria Limited RC 306244.
aa. 2020 Nigeria Limited RC 1090292.
bb. A and B Associates Limited RC 279980.

The individuals and companies that received payments without contractual agreements are:

a. Honourable Bello Matawalle.
b. Brigadier General AS Mormoni-Bashir (the former Principal General Staff Officer at the ONSA and still a serving military officer).
c. Alhaji Umar Sani.
d. Dr Yakubu Sanky.
e. Baba Bala.
f. Ambassador Clement Layiwola Lasseinde (a Director in the ONSA).
g. An architect from Baitil Atiq Travels and Tours.
h. Alhaji Shuaibu Salisu (The former Director of
Finance and Administration at the ONSA).
i. Colonel Bello Fadile (rtd) (Special Adviser to Lt Col Sambo Dasuki; former NSA).
j. Mr Otunla Jonah Niyi.
k. Otunba Adelakun.
l. Alhaji Bashir Yaguda.
m. Dr Tunji Olagunju.
n. Miss Oluwatoyin Oluwagbayi.
o. Lt Col MS Dasuki (rtd) {The former NSA}.
p. Honourable Maipata Mohammed Abubakar.
q. Mohammed Suleiman. From Musaco investment and properties.
r. Ibrahim Abdullahi also from Musaco investment and properties.
s. Alhaji Aliyu Usman.
t. 18 other officers that served in the ONSA.

The companies that out rightly failed to execute contracts or did so partially, and have therefore been asked to refund various sums with are as follows:
a. A and Hatman Limited.
b. Abuja Consulting Limited.
c. Afro-Arab Investment.
d. Agbede A Adeshina and Co.
e. Aleppo Systems Nigeria Limited – RC 947255.
f. Amp Africa Holdings and Solar Services.
g. Apple Drops Nigeria Limited – RC 1102219.
h. Apt Security Limited – RC 165189.
i. Autoforms Integrated Enterprises Limited – RC 1234829.
j. Axis Consulting Services Limited – RC 1151145.
k. Belsha Nigeria Limited.
l. Community Defence Law Foundation – RC/IT No 56854.
m. Complus International Service Limited.
n. Cosse Limited – RC 316214.
o. Daar Investment and Holdings Limited.
p. Dalhatu Investment Limited – RC 404535.
q. Destra Investment Limited.
r. Development Strategies International Limited – RC 361191.
t. DFX/White Zebu BDC – RC787658/RC1049919.
u. Duchy Concepts Limited RC392281.
v. Fara Security Limited RC 694607.
w. Fimex Gilt Nigeria Limited RC 143150.
x. First Aralac Global Limited RC939512.
y. Fix-HYL Global Investment RC1129654.
z. Good year Properties Limited RC1168828.
aa. Image Merchant Promotions Limited RC 416703.
bb. Interglobal Limited RC 189188.
cc. Jos Peace Dialogue Forum CAC/IT/No75434.
dd. Kakatar Limited RC 443321.
ee. Leaderette Nigeria/Norden Global
RC 422129/RC1119925.
ff. London Advertising Limited UK BASED.
gg. Mithra Oil Limited RC 620979.
hh. NigerLink BOG (Under Musaco Investment) RC 834592
ii. Iban Global (Under Musaco Investment)
jj. Musaco Investment (Bank Charges)
kk. Mystrose Limited RC 475579.
ll. NAF Holding Company Limited.
mm. Peach Tree Communications Limited RC 410115.
nn. Perception BDC RC 740741.
oo. Pioneer Ventures RC 69776.
pp. Proptex Nigerian Limited – RC 116801.
qq. Prosedec Interglobal Limited RC 619845.
rr. Real Property Investment Limited RC 294761.
ss. Sinash Communications Limited RC 333134.
tt. Skytick International Limited RC 798693.
uu. Soject Nigeria Limited RC 74991.
vv. StellaVera Development Company Limited RC 713258.
ww. Teracon AG SWISS BASED.
xx. Wehsec Farms Limited RC 713258.
yy. African Cable Television Limited RC 1113903.
zz. BCN Nigeria Limited RC 509693.
aaa. Brains and Hammers RC 655673.
bbb. Concept Options Ultimate Limited RC 604167.
ccc. Elizade Nigeria Limited RC 11544.
ddd. Emerging Platforms Limited RC 922205.
eee. EMI System Nigeria Limited RC 248986.
fff. Hadassa Investment and Security RC 709085.
ggg. Kala Consulting Solutions Limited RC 98562.
hhh. Pioneer Ventures.
iii. Nan Bizcom Nigeria Limited RC 680708.
jjj. Nerres Limited RC 1138835.
kkk. Plectrum Consulting Limited RC 937931.
lll. Protech Consultant RC 301426.
mmm. Summit Publications Limited RC 304671.
nnn. Telios Development Limited RC 468351.
ooo. Urban Abode Nigeria Limited RC 651613.
ppp. RCN Networks Limited RC 439720.
qqq. Sail International Limited RC 97863.
rrr. Suburban Broadway Limited – RC 469689.
sss. Geronimo Middle East and Africa.
ttt. Julius Berger RC 6852.
uuu. Romgat Morgan Nigeria Limited RC 902020.
vvv. Stallion Motors Limited RC 178627.

Contracts awarded to the following companies are to be further investigated:
a. 2020 Nigeria Limited RC 1090292.
b. Acacia Holdings Limited RC 940978.
c. Africair Incorporated US Company.
d. Augusta Westland Limited.
e. Almond Project Limited.
f. Bam Project and Properties.
g. Bob Oshodin Organisation Limited RC 790662.
h. Coral Builders Limited RC 397748.
i. Dan Clington Nigeria Limited RC 940978.
j. Law Partners and Associates BN/UY/004566.
k. Magnificient 5 ventures Limited BN/2299463.
l. MPS Global Services Limited.
m. One plus Holdings Nigeria Limited RC 695999.
n. Quadsix Nigeria Limited RC 1177968.
o. Reliance Reference Hospitals

Upshot

Related Topics:National Security Adviser (NSA)NSA Fund Scandal

Up Next

Fincantieri Delivers 2nd Viking, Launches 3rd

Don't Miss

U.N. tribunal finds former Bosnia Serb leader guilty of genocide

4 Comments

WAIVER CESSATION: Igbokwe urges NIMASA to evolve stronger collaboration with Ships owners

Published

5 years ago

April 13, 2019

Maritime First

…Stresses the need for timely disbursement of N44.6billion CVFF***

Highly revered Nigerian Maritime Lawyer, and Senior Advocate of Nigeria (SAN), Mike Igbokwe has urged the Nigeria Maritime Administration and safety Agency (NIMASA) to partner with ship owners and relevant association in the industry to evolving a more vibrant merchant shipping and cabotage trade regime.

Igbokwe gave the counsel during his paper presentation at the just concluded two-day stakeholders’ meeting on Cabotage waiver restrictions, organized by NIMASA.

“NIMASA and shipowners should develop merchant shipping including cabotage trade. A good start is to partner with the relevant associations in this field, such as the Nigeria Indigenous Shipowners Association (NISA), Shipowners Association of Nigeria (SOAN), Oil Trade Group & Maritime Trade Group of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).

“A cursory look at their vision, mission and objectives, show that they are willing to improve the maritime sector, not just for their members but for stakeholders in the maritime economy and the country”.

Adding that it is of utmost importance for NIMASA to have a through briefing and regular consultation with ships owners, in other to have insight on the challenges facing the ship owners.

“It is of utmost importance for NIMASA to have a thorough briefing and regular consultations with shipowners, to receive insight on the challenges they face, and how the Agency can assist in solving them and encouraging them to invest and participate in the maritime sector, for its development.

“NIMASA should see them as partners in progress because, if they do not invest in buying ships and registering them in Nigeria, there would be no Nigerian-owned ships in its Register and NIMASA would be unable to discharge its main objective.

The Maritime lawyer also urged NIMASA to disburse the Cabotage Vessel Financing Fund (CVFF)that currently stands at about N44.6 billion.

“Lest it be forgotten, what is on the lips of almost every shipowner, is the need to disburse the Cabotage Vessel Financing Fund (the CVFF’), which was established by the Coastal and Inland Shipping Act, 2003. It was established to promote the development of indigenous ship acquisition capacity, by providing financial assistance to Nigerian citizens and shipping companies wholly owned by Nigerian operating in the domestic coastal shipping, to purchase and maintain vessels and build shipping capacity.

“Research shows that this fund has grown to about N44.6billion; and that due to its non-disbursement, financial institutions have repossessed some vessels, resulting in a 43% reduction of the number of operational indigenous shipping companies in Nigeria, in the past few years.

“Without beating around the bush, to promote indigenous maritime development, prompt action must be taken by NIMASA to commence the disbursement of this Fund to qualified shipowners pursuant to the extant Cabotage Vessel Financing Fund (“CVFF”) Regulations.

“Indeed, as part of its statutory functions, NIMASA is to enforce and administer the provisions of the Cabotage Act 2003 and develop and implement policies and programmes which will facilitate the growth of local capacity in ownership, manning and construction of ships and other maritime infrastructure. Disbursing the CVFF is one of the ways NIMASA can fulfill this mandate.

“To assist in this task, there must be collaboration between NIMASA, financial institutions, the Minister of Transportation, as contained in the CVFF Regulations that are yet to be implemented”, the legal guru highlighted further.

He urged the agency to create the right environment for its stakeholders to build on and engender the needed capacities to fill the gaps; and ensure that steps are being taken to solve the challenges being faced by stakeholders.

“Lastly, which is the main reason why we are all here, cessation of ministerial waivers on some cabotage requirements, which I believe is worth applause in favour of NIMASA.

“This is because it appears that the readiness to obtain/grant waivers had made some of the vessels and their owners engaged in cabotage trade, to become complacent and indifferent in quickly ensuring that they updated their capacities, so as not to require the waivers.

“The cessation of waivers is a way of forcing the relevant stakeholders of the maritime sector, to find workable solutions within, for maritime development and fill the gaps in the local capacities in 100% Nigerian crewing, ship ownership, and ship building, that had necessitated the existence of the waivers since about 15 years ago, when the Cabotage Act came into being.

“However, NIMASA must ensure that the right environment is provided for its stakeholders to build and possess the needed capacities to fill the gaps; and ensure that steps are being taken to solve the challenges being faced by stakeholders. Or better still, that they are solved within the next 5 years of its intention to stop granting waivers”, he further explained.

Breaking News: The Funeral Rites of Matriarch C. Ogbeifun is Live

Published

6 years ago

March 7, 2019

Maritime First

The Burial Ceremony of Engr. Greg Ogbeifun’s mother is live. Watch on the website: www.maritimefirstnewspaper.com and on Youtube: Maritimefirst Newspaper.

Wind Farm Vessel Collision Leaves 15 Injured

Published

6 years ago

February 20, 2019

Maritime First

…As Valles Steamship Orders 112,000 dwt Tanker from South Korea***

A wind farm supply vessel and a cargo ship collided in the Baltic Sea on Tuesday leaving 15 injured.

The Cyprus-flagged 80-meter general cargo ship Raba collided with Denmark-flagged 31-meter wind farm supply vessel World Bora near Rügen Island, about three nautical miles off the coast of Hamburg.

Many of those injured were service engineers on the wind farm vessel, and 10 were seriously hurt.

They were headed to Iberdrola’s 350MW Wikinger wind farm. Nine of the people on board the World Bora were employees of Siemens Gamesa, two were employees of Iberdrola and four were crew.

The cause of the incident is not yet known, and no pollution has been reported.

After the collision, the two ships were able to proceed to Rügen under their own power, and the injured were then taken to hospital.

Lifeboat crews from the German Maritime Search and Rescue Service tended to them prior to their transport to hospital via ambulance and helicopter.

“Iberdrola wishes to thank the rescue services for their diligence and professionalism,” the company said in a statement.

In the meantime, the Hong Kong-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering.

Sumitomo is to deliver the Aframax to Valles Steamship by the end of 2020, according to data provided by Asiasis.

The newbuild Aframax will join seven other Aframaxes in Valles Steamship’s fleet. Other ships operated by the company include Panamax bulkers and medium and long range product tankers.

The company’s most-recently delivered unit is the 114,426 dwt Aframax tanker Seagalaxy. The naming and delivery of the tanker took place in February 2019, at Namura Shipbuilding’s yard in Japan.

Maritime Executive with additional report from World Maritime News