Nigeria President query Justice Minister (Abubakar Malami ) For Failing To Recover N300bn In Nigerian Banks
George Uboh and his company, Panic Alert Security System (PASS) engaged by the minister to trace the money.
The
president’s query followed two letters of complaint written against the AGF by
Uboh and his company, PASS, accusing him of frustrating efforts to recover
already identified funds.
In
his response, Malami denied the allegation and pledged his commitment to
recover all stolen money in line with the position of the Federal Government.
He
also said that he revoked the mandate he gave to PASS and Uboh to recover the
monies because Uboh went beyond the mandate given to him.
In
his reply to the president through the office of the Chief of Staff, Alhaji
Abba Kyari, dated 4th April, 2016 with Reference Number HAGF/SH/2016/Vol.1/20,
the minister said the allegations levelled against him were unture and
baseless.
Uboh
had accused Malami of deliberately frustrating him his effort to recover over
N300 billion his company, Panic Alert Security Systems (“PASS”) allegedly
traced to some Nigerian banks.
The
minister said, “In demonstration of my firm commitment to the recovery efforts
of the government, I gave PASS a letter titled: TO WHOM IT MAY CONCERN dated
17th February, 2016, introducing PASS to the aforesaid banks/financial
institutions.
“The
aforesaid Letter of Engagement dated 9th February, 2016 and the subsequent
Letter of Introduction dated 17th February, 2016 (“HAGF Letters”) were given to
PASS on the firm understanding that PASS had already identified and/or traced
specific FGN funds stashed/trapped in the aforementioned banks and that PASS
would promptly embark on processes that would lead to actual recovery and
remittance of the traced funds into the designated account of the FGN in line
with the proposals submitted, presentations made and the terms contained in its
letter of 9th February, 2016.”
Source
Source
No comments