Tinubu Faces Pressure Amidst Corruption Probe Involving Chief Of Staff, Gbajabiamila
Allegations of corruption have ensnared the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, intensifying the pressure on the political heavyweight.
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Femi Gbajabiamila indictedÂ
Gbajabiamila is purportedly implicated in a corruption probe surrounding Ahmed Kuru, the Chief Executive Officer of the Assets Management Corporation of Nigeria (AMCON), and the former Governor of the Central Bank of Nigeria, Godwin Emefiele.
Sources revealed to SaharaReporters on Monday that Gbajabiamila was identified as one of the beneficiaries of corruption unravelled during Ahmed Kuru’s tenure at AMCON, with ties reaching back to Gbajabiamila’s days as the Speaker of the House of Representatives.
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The Special Investigator, Jim Obazee, reportedly exposed Gbajabiamila’s involvement in benefiting from Kuru’s “largesse of Ikoyi properties.” In return, it is alleged that Gbajabiamila played a role in ensuring Kuru’s continued position as AMCON’s Chief Executive for approximately nine years.
Fresh revelations shed light on Emefiele and Kuru’s collaboration in an alleged abuse of office, using public funds to fraudulently take over Polaris, Keystone, and Union Banks.
The Special Investigator’s report, obtained by SaharaReporters, highlights significant sums of public funds involved in the fraudulent acquisition of these banks.
On January 10, the Central Bank of Nigeria (CBN) dissolved the boards and management of Titan Trust Bank, Union Bank, Polaris Bank, and Keystone Bank. This decision followed a report submitted to President Bola Tinubu by Special Investigator Jim Obazee.
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It was reported that the dissolution of boards occurred after a meeting between the CBN Governor, Yemi Cardoso, Obazee, and the boards of the four banks, including Titan Trust Bank’s investors.
The investigation also exposed a scheme by Emefiele and Kuru, involving a N20 billion investment in Heritage Bank in 2017. This investment allegedly facilitated a loan of N25 billion to the Sigma Golf Consortium, led by Emefiele, Kuru, Abu Funtua, Asega Alega, and Umaru Modibbo (as a front) to acquire Keystone Bank.
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The unexpected directive to sack the boards of Union, Keystone, and Polaris Banks reportedly caught the Riverbank Sigma Golf Consortium by surprise.
Pressure on President Tinubu mounts as political associates, including Gbajabiamila, are said to be entangled in the corruption scandal. Gbajabiamila’s alleged role in safeguarding Kuru’s position and benefiting from Ikoyi properties during his tenure as Speaker adds another layer to the unfolding controversy.
Efforts to reach Gbajabiamila and Kuru for comments were unsuccessful as calls and text messages to their mobile phones went unanswered.
As the investigation continues, questions emerge about the reach and implications of corruption within the Nigerian political landscape, potentially reshaping alliances and dynamics in the coming days.
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