Updated: EFCC to investigate MTN’s listing 

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MTN Nigeria says it received a letter from the Economic and Financial Crimes Commission (EFCC) on Thursday May 23, requesting information and documentation related to the listing of its shares on the Nigerian Stock Exchange (NSE).
In a statement signed by Uto Ukpanah, MTN’s company secretary, the telecommunications company says it has not been accused of any wrong doing by the EFCC.
“We wish to reiterate that we received all regulatory approvals required to list our shares on the NSE, as publicly declared by the Nigerian Stock Exchange and Securities Exchange Commission (SEC),” Ukpanah said.
BusinessDay learnt that on Friday May 24, operatives of the EFFC visited the MTN head office in Falomo Ikoyi Lagos, disrupting work activities.
Our source confirmed that the visit was pertaining to alleged issues on the genuineness of MTN’s recent listing which the EFCC would need to investigate.
“I believe the EFCC was informed that MTN was manipulating figures and also, maybe because of fraud pertaining to the company’s listing,” the source said.
However, MTN denies any fraudulent activity.
“As a law abiding and responsible corporate citizen, we are co-operating fully with the authorities. We are committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria,” MTN said in its statement.

 

Jumoke Akiyode-Lawanson

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EFCC shuts down MTN Nigeria head office for alleged fraud

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Operatives of the Economic and Financial Crimes Commission (EFCC), on Friday raided the MTN Nigeria head office in Falomo Ikoyi Lagos, shutting down all activities in the Complex, BusinessDay has learnt.

Although the reason for the raid could not be ascertained at the time of reporting, BusinessDay, sources say members of the anti-graft agency stormed the telco’s head office, stopping all activities for alleged fraudulent financial activities pertaining to the company’s recent listing on the Nigerian Stock Exchange (NSE).

“I believe the EFCC was informed that MTN was manipulating figures and also, maybe because of fraud pertaining to the company’s listing,” the source said.

BusinessDay contacted Funso Aina, MTN’s Public Relations Officer, who neither denied nor admitted that the company was raided, but said: “We will send out a statement to that effect very soon.

 

Jumoke Akiyode-Lawanson

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EFCC quizzes NASS Clerk, seizes his passport

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The Economic and Financial Crimes Commission (EFCC) has interrogated the Clerk to the National Assembly, Mohammed Sani Omolori, on issues related to records of finances of the Assembly as well as the inauguration of the Ninth National Assembly, BusinessDay has learnt.

Checks at the National Assembly on Wednesday, revealed that Omolori was invited to the headquarters of the Economic and Financial Crimes Commission (EFCC) on Tuesday, May 14, 2019 and interrogated for six hours beginning from 11am to 5pm.

Apart from initial questions on records of finances of the National Assembly, it was gathered that Omolori was asked a specific question on the method of election of the Presiding Officers of the Ninth National Assembly.

When contacted, authorities at the EFCC confirmed Omolori’s interrogation.

The EFCC source however would not want his name mentioned because he was not authorized to speak on the matter.

Findings revealed that operatives of the anti-graft agency seized Omolori’s international passport.

It was also learnt that other key officials of the National Assembly including the Clerk of the Senate, Clerk of the House of Representatives as well as their deputies would be invited to the commission on Thursday.

Investigations showed that before Omolori’s invitation, the former Clerk to the National Assembly, Salisu Abubakar Maikasuwa, was equally quizzed.

A National Assembly source hinted that Maikasuwa was quizzed shortly before Omolori got to the EFCC office and the two met there.

On how Omolori got invited to the EFCC, the National Assembly source said that he was initially informed by one of his top security aides that the EFCC chairman, Ibrahim Magu, wanted to see him.

But on getting to the EFCC headquarters, Omolori was told that Magu had left the office and had left instruction that another EFCC officer should attend … Read More...

EFCC faults ThisDay’s report on investigation of Saraki, his IHRC appointment

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The Economic and Financial Crimes Commission (EFCC) has faulted a publication of ThisDay newspaper, which suggested that the anti-graft agency moved against President of the Senate, Bukola Saraki, following his appointment by the International Human Rights Commission (IHRC), stressing that the report is a deliberate ” falsehood and misinformation”.

A statement issued on Monday by the Acting Head of Media and Publicity of the EFCC Tony Orilade, said “the attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a publication in ThisDay Newspaper of Sunday, May 5, 2019 captioned “Again, EFCC Moves Against Bukola Saraki,” and wishes to correct the deliberate falsehood and misinformation it served the general public.

The publication had said that “A few days after the International Human Rights Commission (IHRC) announced the appointment of the Senate President, Dr Bukola Saraki as its Ambassador at large, the Economic and Financial Crimes Commission has initiated a fresh investigations, which seek to probe all salaries, allowances, estacodes and payment he received as Governor from 2003 to 2011.”

The Commission noted that the writer strived to create a misleading nexus between the Senate President’s IHRC ambassadorial appointment and EFCC’s inquiries into his financial earnings as Kwara State governor.

“For the avoidance of doubt, investigation into the Senate President’s activities while he held sway as the governor of Kwara State started long before his nomination and emergence as IHRC ambassador.

“In fact, the Commission’s letter to the Kwara State Government House which sought an inquest into Saraki’s earnings as the state governor, from  from 2003 to 2011 was dated Friday, April 26, 2019, predating his announcement as IHRC ambassador at large which came on Sunday,  April 28, 2019 with two clear days.

“We, therefore, urge members of the public to … Read More...