Corruption in High Places: How Former IGP Ehindero Soiled His Hands

// News | Breaking News | Corruption in High Places: How Former IGP Ehindero Soiled His Hands
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

Former IGP Sunday Ehindero and wife

By SaharaReporters, New York

More facts emerged on Sunday on how a former Inspector General of Police (IGP), Mr. Sunday Ehindero, and a former Commissioner of Police, Mr. John Obaniyi, fraudulently embezzled police funds.
Investigations show that while serving as the IGP, Ehindero had collected the sum of N500m as donations from then Governor of Beyelsa State, who is now the President, Dr. Goodluck Jonathan, to buy equipment for the Nigeria Police Force.

Ehindero, with the connivance of Obaniyi, split the money into two, paying the sum of N300m into Wema Account and N200m into the defunct Intercontinental Bank. Both deposits were fixed.
On July 4, 2006, Obaniyi, who was then the CP (Budget) at the Force Headquarters, Abuja, wrote a letter to the Managing Director of Wema Bank at Cental Business Area, with the reference number CV.1929/PB/FHQ/ABJ/Vol.6/408.

Obaniyi, under the headline, “Investment” wrote, “The Inspector-General of Police has approved the placement of the sum of three hundred million naira (N300,000,000.00) only in your bank for 90 days.
“I attach herewith First Bank of Nigeria Plc cheque No 01111782 dated 4th July, 2006 for the sum of three hundred million naira (N3000,000,000,00) only for investment at 10% interest rate.
“Acknowledge receipt, please.”

On July 10, 2006, the bank, in a letter signed by Modupe Bakre (Unit Head) and Femi Feyide (Regional Manager, North) acknowledged receipt of the placement and thanked the IGP for the deposit.

The bank, in another letter signed by the duo of Bakre and Feyide to Obaniyi on October 16, 2006, informed him about the maturity of the deposit but also said the deposit had been rolled-over.

However, Obaniyi wrote back on November 8, 2006 that the investment should be terminated, adding that

“It will be appreciated if a draft of the three hundred million naira is raised in favour of ‘Inspector General of Police’ and made available to this office, please.”

The request was honoured on November 9.

Before then, on October 13, 2006, Obaniyi wrote another letter to the bank asking for the 10% interest on the investment to be made available in cash for operational expenses.

The bank agreed and sent the cash of N7, 377,260.27(Seven million, three hundred and seventy seven thousand and sixty naira, twenty seven kobo) “being the accrued interest” on the placement for 90 days.
Apart from this, he also got another N2, 465, 753.42 for extra 30 days that the money was with the bank as shown in the letter sent to Obaniyi by the bank’s Business Manager, Jide Bello.  

At Intercontinental Bank where the sum of N200m was fixed, Obaniyi paid in the sum via a First Bank of Nig. Plc cheque number 01111788 “dated 10th July, 2006.”

The bank also acknowledged the receipt in a letter signed by Anuli Nwangeneh (Relationship Officer, Public Sector) and Kemi Adedoyin (Relationship Manager, Public Sector).

On the same October 13 that Obaniyi wrote to Wema Bank asking for 10% interest in cash on the investment there as operational expenses, he also wrote to demand of Intercontinental that since the money there had matured a day earlier, “It will be appreciated if the 10% interest on the investment can be made available in cash for operational expenses urgently, please.”  It was the same language used in the letter to Wema.

Perhaps, knowing that something was fishy in the demand for the payment of cash by Obaniyi, the duo of Nwageneh and Adedoyin wrote to the Executive Management of the bank, asking for permission to pay cash, which they said was against the normal practice “since the normal practice is that the interest accrued on the deposit should be issued to the Nigeria Police using our Manager’s cheque since the account with us is a fixed deposit account and not operations account.

“We hereby seek your approval to pay cash of N4,986,301.37 being the interest on N200m at 10 % for 91 days.”

The approval was granted with an instruction that “the CP budget acknowledges the payment.”
At the end of the day, Obaniyi, who was the sole signatory to the said account into which the N200m was deposited, was issued a cash (open) cheque on 19th October, 2006 for the interest.

On 8th November, 2006, Obaniyi wrote to the bank informing its management about the termination of the investment. He, therefore, demanded that “it will be appreciated if a draft for the two hundred million naira is raised in favour of ‘Inspector General of Police’ and made available to this office, please.”

The following day, the bank replied him via a letter written by Tunde Bajela (Group Executive, Public Sector) and Jimi Shotunde (Group Executive, FCT &North Central) by raising the cheque for the amount.
Now, Ehindero is being asked to explain the whereabouts of the funds and the interests that accrued to it. An Abuja High Court had already ordered the Independent Corrupt Practices and other related offences Commission to arraign both Ehindero and Obaniyifor money laundering to the tune of N557 million.

Obaniyi had been dismissed from the Force over corruption by the Police Service Commission when he tried in vain to smuggle large sum money running into hundreds of millions from Force Headquarters immediately Ehindero was retired.

Tagged : No tags for this article

Headlines Newsview all

Oil Subsidy Scam: How I Arrived At $32bn Figure - Bukola Saraki

Former governor of Kwara State, Senator Bukola Saraki, who claimed Monday, that Nigeria was spending $32 billion on non-existing oil subsidy operators, has explained that ... Full story

Omotunde Ogundimu: I Haven't Had S3x For 3 Years

Remember the Yoruba actress, Omotunde Ogundimu, who was down with fibroid some months and had to undergo surgery to remove it? Well, the lovely actress ...

Ghana Opposition Leader’s Brother Charged Over Acid Attack

The younger brother of a leading figure in Ghana’s main opposition party appeared in court on Tuesday charged with the murder of a politician who ... Full story

Chocolat Royal Shut Down: Cool Wazobia FM Chairman On The Run

The real reasons the National Agency for Food and Drugs Administration and Control (NAFDAC) Tuesday night, sealed completely the business outlet of a popular elite ... Full story

Babatunde Fashola: Forget About The N418billion Debt I'm Leaving Behind Focus On My Good Works

Lagos state governor, Babatunde Fashola wants Nigerians to forget about the huge debt he's leaving behind but focus on the good things his administration has ... Full story

US Justice Is Merciless To Buruji Kashamu

US District Judge in Chicago Charles Richard Norgle told press the Justice Department is “fully ready to ensure that an express hearing is given” as ... Full story

100 Killed In Benue Communities, Refugee Camps

Over 100 persons, mostly women, children and the elderly, were feared killed early Sunday morning in villages and refugee camps located at Ukura, Gafa, Per ... Full story

Bribery Scandal: ‎Judge Hands-Off Extradition Case Against Okoyomon

Justice Evoh Chukwu of the Federal High Court sitting in Abuja, yesterday, ‎handed-off the extradition case against the former Managing Director and Chief Executive Officer ... Full story

Alfa, Prophetess Defraud Bankers Of $30,000

Two staff of a new generation bank (names withheld), simply identified as Temitope and Yusuf, have been allegedly defrauded by an Alfa and a prophetess, ... Full story

Namadi Sambo Submits Handover Report To Buhari’s Committee

The Vice President Namadi Sambo, yesterday, submitted the handover note prepared by the transition committee of the Federal Government to the president-elect’s committee with a ... Full story

Boko Haram Mercenary Commander Killed

The Defence headquarters said, Monday, that a Boko Haram Commander, suspected to be a foreigner, was on Saturday killed during the ongoing offensive to rid ... Full story

Comment on: Corruption in High Places: How Former IGP Ehindero Soiled His Hands

Rate this article

0

Breaking News

14 FIFA Officials Arrested By US Justice Department For Corruption Charges

American authorities in New York are issuing corruption charges against as many as 14 members of the world's football-governing body FIFA after a series of ...

Babangida Aliyu Wants Federal Government To Remove Fuel Subsidy

Niger State governor, Dr. Babangida Aliyu has asked the Federal Government to deregulate the oil sector by removing subsidy on petroleum products. Aliyu  spoke while commissioning ... Full story

Ex-NTA Big Girl, Grace Egbagbe In Search Of Husband

For many years, Grace Egbagbe was a top staff of the Nigerian Television Authority (NTA). At a point, she was the Marketing Director of the ...

Joke Silva Wants Those Behind Fuel Scarcity Jailed

Veteran Nollywood actress, Joke Silva, has advocated jail term for those behind the scarcity of petrol that has brought the country to her kneels. For over ...

Nothing Can Make Me Fight John Dumelo—Yvonne Nelson

Over the past days, two Ghanaian movie stars, John Dumelo and Yvonne Nelson have been in the news over a reported animosity between the two ...

DROK ENERGY JOURNAL: SEPLAT First Quarter Pre-tax Profit by Dr Wole Kupolokun

It seems the low crude oil prices and pipeline persistent pipeline vandalism in Nigeria have had a tremendous effect on SEPLAT. Reuters notes that the ...

DROK ENERGY JOURNAL: OTC 2015 By Dr Wole Kupolokun

The collapse of the job market for the oil industry as-well as currently low oil prices led to low attendance numbers for the 2015 OTC ...

Ace Comedian, ‘I Go Save’ Pays Hospital Bills Of 20 Kids

The month of May seems to be dedicated for giving, going by the number of celebs that have shown their philanthropic sides. Not too long ago, ...

Sira Kante Snubs Davido In Atlanta

She has 99 problems but Davido is not one of them apologies to Jay Z. That is the current disposition of Guinean model and ex-girlfriend ... Full story

BBC Women's Footballer Of The Year Award: Asisat Oshoala Wins

Nigeria and Liverpool forward Asisat Oshoala has been named as the BBC Women's Footballer of the Year. The 20-year-old forward is the first player to win ... Full story