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CBN yields to Satellite Times’ report; orders MTN to refund $8 billion

– fines Standard Chartered Bank N2.4 billion, Stanbic IBTC N1.8 billion, Citibank N1.2 billion, Diamond Bank N250 million




MTN building showing its logo

After months of pressure that came in the wake of an earth-shaking joint investigation by SATELLITE TIMES and UK-based Finance Uncovered that exposed one of the biggest financial wrongdoings in Nigeria by the telecom giant MTN, Nigeria’s apex bank has finally descended the hammer on MTN and its four bankers.

In February 2018, SATELLITE TIMES in an exclusive report published details of a secret forensic audit ordered by the office of the Attorney General of the Federation (AGF) which revealed some of the most repugnant demonstrations of impunity by a multinational company. And how MTN illegally exported $14 billion out of Nigeria using fraudulent Certificate of Capital Imports (CCIs). The report titled “Investigations: Secret memos and documents from MTN’s $14 billion offshore transfers” also brought to public attention the role in the CCI saga of MTN’s four bankers namely Standard Chartered Bank, Stanbic IBTC, Citibank and Diamond Bank.

READ ALSO: INVESTIGATION: Secret memos and documents from MTN’s $14 Billion offshore transfers

In a statement released this Wednesday, the Nigeria’s apex bank ordered MTN to refund the sum of $8 billion to the coffers of the Central Bank. For their roles in the illicit transfer, MTN’s bankers were sanctioned by CBN with Standard Chartered attracting a fine of N2.4 billion, Stanbic IBTC N1.8 billion, Citibank N1.2 billion and Diamond Bank N250 million respectively.

Six weeks ago, SATELLITE TIMES was tipped off by an authoritative source that CBN was ready to hit MTN with a sledge hammer. The press statement read out today by CBN ‘s Director of Communications, Isaac Okorafor, was actually prepared in July. But extraneous factors including influences of powerful political figures badly hamstrung the apex bank from making the pronouncement on MTN. One of the last-ditch efforts to save MTN came from a powerful lobbyist from Funtua in Katsina State, described as a childhood friend of President Muhammadu Buhari. CBN was therefore slow in acting because the governor of the apex bank was uncertain if the lobbyist was a messenger of the President or that the Funtua businessman was merely carrying out his own protection racket.

READ ALSO: INVESTIGATION: AGF Malami may file “criminal charges” against Standard Chartered, Stanbic IBTC and Citi Bank over MTN’s $14 billion transfers

After the initial investigative report, SATELLITE TIMES had diligently followed the behind-the-scene developments on MTN, CBN and the office of the Attorney General that initiated the secret probe. To keep the issue on the front burner, this newspaper followed with another investigative report detailing the cold war that had ensued between the CBN Governor and the Attorney General of the Federation as to sanction or not to sanction MTN became a big political question in Nigeria. The report, “Investigation: AGF Malami may file criminal charges against Standard Chartered Bank, Stanbic IBTC and Citibank over MTN’s $14 billion transfer” gave an insight to the intrigues and horse trading in the country’s political and business circles over MTN.

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A welcome development m. Kudos to the apex bank.


Police to review lopsided promotions after Satellite Times report



Jimoh Moshood, Police Public Relation Officer (PPRO)

Following the exclusive report by SATELLITE TIMES which exposed lop-sidedness and favouritism in the last Police promotion exercise, the new leadership of the Police Service Commission (PSC) is set to review the controversial promotions.

In his determination to bring back the past glory of the police, the new Chairman of Police Service Commission, Alhaji Musiliu Smith, a retired Inspector-General of Police (IGP), has appointed retired Justice Clara Ogundipe to head the committee to review recent promotions revealed by this newspaper to have been lopsided.

In July 2018, SATELLITE TIMES’s investigation revealed that the last police promotion had left legion of deserving officers disaffected as Jimoh Moshood, Police Public Relation Officer (PPRO) was promoted twice in six months while Abdulkarim Abdullahi, a personal assistant to the current Inspect General of Police, Ibrahim Idris, was promoted to the rank of Chief Superintendent of Police (CSP), whereas his Course 35 mates were still only Superintendent of Police (SP), having been promoted to that rank just last year.

Going by the General Promotion Guidelines spelt out for the Police Service Commission, it takes a minimum of three years for an officer between the ranks of Assistant Superintendent of Police (CSP) – Assistant Commissioner of Police (ASP) to be considered for another promotion during which time he or she must have attended the relevant promotion course and passed the prescribed examination. Similarly, it takes a minimum of four years for an officer in the Nigeria Police Force to be considered for promotion to any of the ranks between Assistant Commissioner of Police and Assistant Inspector General of Police (AIG).

A dependable source at the Police Service Commission told Daily Independent newspaper “the committee started sitting two weeks ago, and it has called for the nominal roll of the entire police force.”

READ ALSO: Police Promotion Scandal: Spokesman Jimoh Moshood elevated twice in 3 months, P.A to Inspector General promoted above mates

“The committee is mandated to review all promotions from 2016 till date. After the screening, those who do not merit their promotions would be reverted to their former ranks,” the source added.

Daily Independent learnt that Justice Ogundipe, a retired Justice of the Supreme Court, is being assisted by Lawa Bawa, a retired Assistant Inspector-General of Police (AIG).

The timeframe given to the committee to submit its report was not immediately known, but the dependable source at the PSC explained that there was no timeframe because of the volume of work involved.

“The volume of work is much that was why they were not given a timeframe, because they are expected to do a thorough work, so that tomorrow nobody will say he or she was victimised.”

It was gathered that the Musikilu Smith-led new new board members, on assumption of duty in July, received myriad of petitions from serving police officers who were said to be aggrieved over what they claimed was “lopsided promotions”.

The paper also reported that some of those who petitioned the commission claimed that when the list of promoted officers was released, their names were not among the successful officers even when they were due for promotion.

They alleged that because they could not induce some influential officers, their rights were denied them.

Link to SATELLITE TIMES report

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46 NGOs mobilize to free man in SARS Police dungeon



Samuel Edache in detention [Photo Credit: Satellite Times]

Following SATELLITE TIMES’s report which days ago sparked public outrage over a Nigerian citizen languishing for three months in Federal Special Anti-Robbery Squad (F-SARS) police detention facility in Abuja, NOPRIN a coalition of 46 Civil Society Organisations (CSO) has mobilized to set free the detainee and to put to an end the agony of his wife who must leave behind her one-year-old and 3-year-old children to travel a combined 400 kilometres and six hours to be able to visit her husband for three minutes.

NOPRIN (Network On Police Reform in Nigeria) said the SATELLITE TIMES report published September 16, with the headline: “SARS Policemen keep man in dungeon, demands N2.9 million for his release” caught the attention of the human-rights coalition, compelling it to forward the newspaper report to the Deputy Inspector-General (DIG) of Police in Charge of Operations, Mr. Habila Joshak, for necessary actions.

National Coordinator of NOPRIN, Mr. Okechukwu Nwanguma, who spoke to SATELLITE TIMES after sending the story via WhatsApp and e-mail, which he said relayed the agony of the victim and his family to the police boss, added that the case was just one among many across the country about citizens suffering similar fate in the hands of lawless people calling themselves policemen.

READ ALSO: SARS Policemen keep man in dungeon, demands N2.9 million for his release

“The manner of arrest is arbitrary and therefore illegal. Edache was simply abducted by the SARS operatives because at the point of arrest, they did not inform him of the reason for his arrest.

“He has been denied access to legal representation and family. He has been detained indefinitely without being charged to court, this is unlawful.

“The IPO has extorted money from his wife and has been engaging in lies and deceit in a bid to extort more money. His wife has been subjected to untold hardship by being made to travel long distance to Abuja from Nasaarawa to see her husband without being allowed access to him.

“The incommunicado detention of the man amounts to abuse of his right to liberty, presumption of innocence, the dignity of his human person and other due process guarantees under the constitution of the Federal Republic of Nigeria

The conduct of the SARS operatives and the posture of the police hierarchy which indicates condonement and endorsement clearly shows that police authorities are not genuinely committed to reforming SARS and punishing and ending acts of impunity”, Nwanguma said.

Nwanguma added that the story of Edache was very pathetic and one that demanded urgent actions to be taken. He said that was why his organisation sent the report to the DIG in Charge of Operations.

He explained that sending the story to a senior and respected officer like Mr Habila was a way of calling the attention of police authority to what is going on within the Police Force, adding that now that the story is in the public domain, stakeholders are watching what is going on with keen interest and NOPRIN is also following the Citizen Edache case.

Nwanguma called on the Police Services Commission (PSC) and the National Human Rights Commission to initiate immediate investigation to ensure the freedom of the detainee while the police officers responsible for this cruelty are made to face the law.

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SARS Policeman dismissed after Satellite Times report



A cross-section of FSARS operatives used to illustrate the story

Following SATELLITE TIMES exclusive report on a woman who was terrorised and extorted at gunpoint by a team of policemen from the Federal Special Anti-Robbery Squad (FSARS) led by Inspector Charles Omotosho, justice has come to the victim and the society made safer with the dismissal of Omotosho by the Nigeria Police Force. 

On May 18, 2018 SATELLITE TIMES published the ordeal of Ms. Ifeoluwa Adegoke in the hands of SARS operatives attached to the Ipakodo-Ikorodu in Lagos State. Adegoke and her friends were travelling from Lagos to Ikorodu for a video shot on Wednesday May 16, 2018 about 1pm when the team of armed policemen pulled them over and announced they were under arrest.

Pointing guns at the terrified woman and her colleagues, the policemen led by Inspector Omotosho threaten to “waste” their helpless victims and demanded to be paid the sum of N100,000. Adegoke said she “begged and begged” her tormentors and was forced to surrender all she had in her bank account.

Using mobile money transfer, the woman transferred the sum of N5,000 to an account number supplied by the policemen.

SATELLITE TIMES published the transaction receipt from UBA Bank showing that on the fateful day, Adegoke Ifeoluwa transferred the said sum to Omotosho Olushola Charles of receiver account number 3039061420.

Ifeoluwa Adegoke

Ifeoluwa Adegoke

Adegoke said Inspector Omotosho and his team held her captive while he waited to receive the credit alert from his bank.

Report on Adegoke’s ordeal attracted the attention of the Assistant Commissioner of Police, ACP, Abayomi Shogunle, who also heads the Public Complaints Rapid Response Unit (PCRRU) of the Nigeria Police.

Three months after, the PCRRU which promised to investigate has now made public its findings, saying Omotosho has been handed his dismissal letter by the Nigeria Police Force.

The PCRRU tweeted on Friday that the Assistant Inspector General of Police Zone 2, Lagos, Ibrahim Adamu, has approved the dismissal of Mr Omotosho.

“UPDATE #PCRRU316356. The Assistant-Inspector General of Police Zone 2, Lagos, AIG Ibrahim Adamu has reviewed the Orderly Room proceedings and approved the punishment of dismissal of AP. No. 136207 Inspr. Charles Olusola Omotosho from @PoliceNG wef 16.07.2018.”

“Omotosho attached to SARS Ikorodu, Lagos at the time was found guilty of Corrupt Practices and Discreditable Conduct contrary to Para. C (ii) and E (iii) of Police Act and Regulations CAP. P19 LFN 2004.

“Three other accomplices of the dismissed inspector were awarded punishment of reduction in rank from sergeant to corporal by the police. All @PoliceNG items (uniforms & ID card) have since been retrieved from the dismissed Inspector”, the tweet read.

Reacting to the development, National Coordinator of the Network on Police Reform in Nigeria (NOPRIN) – a coalition of 46 Civil Society Organisations – Mr. Okechukwu Nwanguma gave the thumbs up to Ifeoluwa Adegoke for crying out.

Speaking to SATELLITE TIMES, Nwanguma said: ” dismissal is obviously in response to the sustained public outcry against acts of impunity by SARS operatives across the country and the recent, albeit, belated directive from the presidency to the IGP to reform SARS.

” It is good that in this case, the police have shifted from the norm of covering up crimes and shielding criminals within the police.

” This highlights the importance of citizens remaining vigilant and standing up for their rights. The credit goes to the victim who spoke out and to all the individuals and citizen groups who took up the gauntlet to campaign against SARS criminality and advocate for reform.

” I also commend the AIG for showing the courage to take this necessary disciplinary measure” Nwanguma said.

Please find link to the SATELLITE TIMES report in May

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