{"id":105524,"date":"2023-06-20T02:50:53","date_gmt":"2023-06-20T01:50:53","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=105524"},"modified":"2023-06-20T02:50:53","modified_gmt":"2023-06-20T01:50:53","slug":"cbn-nddc-other-mdas-in-n200b-looting-spree-over-tinubu-board-dissolution-plan-group-alleges","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/cbn-nddc-other-mdas-in-n200b-looting-spree-over-tinubu-board-dissolution-plan-group-alleges\/","title":{"rendered":"CBN, NDDC, other MDAs in N200b looting spree over Tinubu board dissolution plan, group alleges"},"content":{"rendered":"<div id=\"m#msg-f:1769154646767073187\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">A transparency group, the League of Nigerian Democrats (LND) has raised an alarm over the allege looting spree embarked upon by officials of the Ministries, Departments and Agencies following last week announcement by President Bola Ahmed Tinubu for the freezing of accounts and possible dissolution of the boards.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to the LND, despite the directive of President Bola Ahmed Tinubu, there has been a clandestine looting spree and illegal payment of fraudulent contracts by some Ministries, Intervention Agencies and Parastatals and the country may have lost over N200billion in the last few days.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The National Coordinator of the group, Barr. Yomi Adelakun, in a statement which Pointblanknews.com has a copy states that some of the illegal payments and withdrawals were done over the weekend with the connivance of some senior bank officials.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Adelakun, said though the group in collaboration with some transparency groups in Lagos, Port Harcourt, and two northern states, including the Federal Capital territory, Abuja, are collating facts and figures for a formal petition to President Bola Ahmed Tinubu.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to Adelakun, &#8220;the group received the announcement made by President Bola Ahmed Tinubu with mixed feelings as it prepared these looters to embark on looting spree despite the Presidential order for the freezing of MDAs accounts.&#8221;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;We are also worried that the looting spree, which is done under the cover of quick payments of outstanding contracts is a clear case of theft. The NDDC, the North East Development Commission, the CBN and others have been fingered in these unholy transaction even during the weekends. Some of their Finance department staff were placed in hotels over the weekend to process alleged fraudulent payments.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;We also have it on good authority that the looters and their sponsors are seeking desperate ways to avoid being dissolved. They have deviced means to lobby the Secretary to the Government of the Federation (SGF), the Chief of Staff to the President, and even the son of the President with millions of dollars to provide cover and ensure their boards are exempted from being dissolved &#8220;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;We however want to call on President Bola Ahmed Tinubu to immediately dissolve these MDAs and Agencies to halt the secret looting and save the country from unimaginable loss.&#8221;<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A transparency group, the League of Nigerian Democrats (LND) has raised an alarm over the allege looting spree embarked upon by officials of the Ministries, Departments and Agencies following last&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":105526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-105524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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