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FG recovers N7b, indicts 300 persons and companies

FG recovers N7b, indicts 300 persons and companies

The Committee inaugurated by the Federal Government to probe contracts awarded by the Office of the National Security Adviser from 2011 to 2015 has indicted more than 300 companies and prominent citizens, including serving and retired officers of the Nigerian Armed Forces.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, stated this in a statement on Thursday.
Shehu explained that the committee was different from the committee investigating the Defence Arms and Equipment Procurement.
He said over N7bn had been recovered so far from the indicted companies and individuals.
Shehu, however, did not give the breakdown of how much each company or individual returned.
He said  N41bn was to be returned by the indicted companies, adding that the Economic and Financial Crimes Commission had been ordered to determine whether another N75bn should  be recovered from some of the companies for unexecuted or partially-executed contracts.
According to him, the committee further established that one of the indicted companies, Societe D’Equipment International, was overpaid to the tune of 7.9m Euros and $7.09m (about N3.15bn).
He added that the committee discovered that there was a total disregard for salient provisions of the Public Procurement Act in the award of contracts by ONSA.
Shehu said, “Several contractors were apparently overpaid, 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 some companies failed to meet up with their tax obligations for contracts executed.
“The committee has made attempts and succeeded in recovering some of the funds from these individuals and organisations amounting to N3,537,549,223.04; $8m and houses worth N512m 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 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 return money to the government. The total amount to be is  N19,896,539,125.20 only, $43,771,433.73 and two houses in Abuja worth 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 N11,726,571,161.00,  $202,136,890.00  and €4,114,752.96.”
The presidential spokesperson stated that companies that failed to execute contracts or did so partially included  Daar Investment and Holdings Limited; Dalhatu Investment Limited; Destra Investment Limited;  NAF Holding Company Limited; BCN Nigeria Limited; Elizade Nigeria Limited; Hadassa Investment and Security; RCN Networks Limited;  Julius Berger; and Stallion Motors Limited.
These companies, he said, had been asked to return undisclosed amount of money.
The presidential spokesman also listed some of the individuals and companies that were indicted for  receiving payments without contractual agreements to include the former Principal General Staff Officer at the ONSA and still a serving military officer, Brig. Gen. A.S. Mormoni-Bashir; Dr. Yakubu Sanky; a Director in the ONSA, Amb. Layiwola Laseinde; a former NSA, Col. Sambo Dasuki (retd.); Special Adviser to Dasuki, Col. Bello Fadile (retd.);  a former Accountant- General of the Federation, Mr. Otunla Jonah Niyi; and a former Minister of State for Finance, Alhaji Bashir Yuguda.
Others are Dr. Tunji Olagunju, Miss Oluwatoyin Oluwagbayi, Maipata Mohammed Abubakar,
Mohammed Suleiman, Ibrahim Abdullahi, Alhaji Aliyu Usman and 18 other officers that served in the ONSA.
Those indicted for receiving payments without contractual agreements
Bello Matawalle
Brig. Gen. A.S. Mormoni-Bashir
Alhaji Umar Sani
Dr. Yakubu Sanky
Baba Bala; Ambassador Clement Layiwola Laseinde
Alhaji Shuaibu Salisu
Col. Bello Fadile (retd.)
Mr. Otunla Jonah Niyi.
Otunba Adelakun.
Alhaji Bashir Yaguda.
Dr. Tunji Olagunju.
Miss Oluwatoyin Oluwagbayi.
Lt. Col. Sambo Dasuki (retd.)
Maipata M. Abubakar.
Mohammed Suleiman
Ibrahim Abdullahi
Alhaji Aliyu Usman.
18 other officers that served in the ONSA.
Companies that failed to execute contracts or did so partially
Hatman Ltd.
Abuja Consulting Ltd.
Afro-Arab Investment.
Agbede A. Adeshina and Co.
Aleppo Systems Nigeria Ltd.
Amp Africa Holdings and Solar Services.
Apple Drops Nigeria Limited
Apt Security Ltd.
Autoforms Integrated Enterprises Ltd.
Axis Consulting Services Ltd
Belsha Nigeria Limited.
Community Defence Law Foundation
Complus International Service Ltd.
Cosse Ltd.
Daar Investment and Holdings Ltd.
Dalhatu Investment Ltd.
Destra Investment Ltd.
Development Strategies International Ltd.
DFX/White Zebu BDC
Duchy Concepts Ltd.
Fara Security Ltd.
Fimex Gilt Nigeria Ltd.
First Aralac Global Ltd.
Fix-HYL Global Investment
Good Year Properties Ltd.
Image Merchant Promotions Ltd.
Interglobal Ltd.
Jos Peace Dialogue Forum
Kakatar Ltd.
 Leaderette Nigeria/Norden Global
London Advertising Ltd.
Mithra Oil Ltd.
NigerLink BOG (Under Musaco Investment)
Iban Global (Under Musaco Investment)
Musaco Investment (Bank Charges)
Mystrose Ltd.
NAF Holding Company Ltd.
Peach Tree Communications Ltd.
Perception BDC
Pioneer Ventures
Proptex Nigerian Ltd.
Prosedec Interglobal Ltd.
Real Property Investment Ltd.
Sinash Communications Ltd.
Skytick International Ltd.
Soject Nigeria Ltd.
StellaVera Development Company Ltd.
Wehsec Farms Ltd.
African Cable Television Ltd.
BCN Nigeria Ltd.
Brains and Hammers
Concept Options Ultimate Ltd.
Elizade Nigeria Ltd.
Emerging Platforms Ltd.
EMI System Nigeria Ltd.
Hadassa Investment and Security
Kala Consulting Solutions Ltd.
Pioneer Ventures.
Nan Bizcom Nigeria Ltd.
Nerres Ltd.
Plectrum Consulting Ltd.
Protech Consultant
Summit Publications Ltd.
Telios Development Ltd.
Urban Abode Nigeria Ltd.
RCN Networks Ltd.
Sail International Ltd.
Suburban Broadway Ltd.
Geronimo Middle East and Africa.
Julius Berger
Romgat Morgan Nigeria Ltd.
Stallion Motors Ltd.
Firms investigated by the committee
Abrahams Telecommunication Ltd. and Value Trust Investment Ltd.
Bilal Turnkey Contractors Ltd.
Circular Automobile Ltd.
Continental Project Associates Ltd.
Da’voice Network Solutions Ltd.
Foretech Investment Ltd.
Forts and Sheild Ltd.
GDP Associated Ltd.
Hakimco Automobiles
Hamada Properties and Investment Ltd.
International Resources Management Company
Investment Options Ltd.
Jakadiya Picture Company Ltd.
JBE Multimedia Investment Ltd.
Kamala Motors Ltd.
Key Information Services Ltd.
Leeman Communications Ltd.
MCAF Associates
Moortown Global Investment
Syntec Nigeria Ltd.
Trafiga Ltd.
Trim Communications Ltd.
Securicor Emergency and Safety
Sologic Integrated Services Ltd.
Wada Autos Ltd.
Zukhruf Nigeria Ltd.
2020 Nigeria Ltd.
A and B Associates Ltd.
Firms to be further investigated
2020 Nigeria Ltd.
Acacia Holdings Ltd.
Africair Incorporated US Company.
Augusta Westland Ltd.
Almond Project Ltd.
Bam Project and Properties.
Bob Oshodin Organisation Ltd.
Coral Builders Ltd.
Dan Clington Nigeria Ltd.
Law Partners and Associates
Magnificient 5 ventures Ltd.
MPS Global Services Ltd.
One plus Holdings Nigeria Ltd.
Quadsix Nigeria Ltd.
Reliance Reference Hospitals.

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