Peoples Daily Newspaper, Thursday 31, January, 2013

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www.peoplesdailyng.com

Vol. 10 No. 24

Thursday, January 31, 2013

. . . putting the people first

Bandits have taken PDP NWC denies over Birnin Gwari, rift with Bamanga Emir cries out Tukur >> PAGE 3

>> PAGE 2

Rabiul Awwal 19, 1434 AH

N150

Offa/Erin-Ile clash: Kwara govt declares curfew

How Israeli swindled Navy over dockyard >> PAGE 5

By Abdulwahab Isa & Joy Baba

T

here are indications that some staff at the Federal Ministry of Defence may have aided an Israeli firm, TP Marine Global Services, owned by one Mr. Amit Lichtenfeld, in swindling the Navy in the execution of the commercialization/ concession joint venture project of the Naval Dockyard in Lagos. Documents obtained by Peoples Daily show glaring breaches in the execution of the contractual agreement stipulated in the Memorandum of Understanding (MOU) on the part of TP Marine, headed by the Israeli. Initially conceived for building and repairing of ships after its rehabilitation, the Federal Government was expected to earn about $500,000,000 per annum from the dockyard project. But experts in Marine affairs describe the deal which was sealed through an MoU in April 2011 as a monumental fraud. “Participation by the parties will be in the ratio of 30:70 between the Nigerian Navy and TP Marine Global Services Limited,” according to the MOU. “The concession is a grievous fraud that has cost Nigeria fortunes,” Rabiu Hassan, a security consultant said, explaining that “the TP BV of Holland whose name was used to incorporate the Nigeria TP Marine Global was to be a technical partner because of its Contd on Page 2

Former Director of Police Pension Board, Mr. John Yakubu Yusufu (middle), was re-arraigned by Economic and Financial Crimes Commission (EFCC), yesterday at Federal High Court, Abuja. Photo: Mahmud Isa

N289m pension theft: Court detains convict in prison By Sunday Ejike Benjamin & Umar Muhammad Puma

T

he Federal High Court yesterday ordered that the former Director of the Police Pension Board, Mr. John Yakubu Yusufu, who was convicted Monday by an Abuja High Court for stealing N23.3 billion be remanded at the Kuje Prison in Abuja. Yusufu was arraigned yesterday by the Economic and Financial Crimes Commission

...As protesters storm Supreme Court

(EFCC) for allegedly stealing the sum of N289 million belonging to the police Pension fund. This amount allegedly stolen by the former Director is different from the N23.3 billion for which he was convicted and sentenced to two years imprisonment or pay a fine of N750, 000 by Justice Mohammed Talba of Abuja High Court. Yusufu pleaded not guilty to

the fresh four count charges slammed against him by the antigraft agency. His counsel, Mayaki Theodor, made an oral application for his bail which was vehemently opposed by the prosecution counsel, Rotimi Jacobs (SAN), and the trial Judge, Justice Adamu Bello then told the defence counsel to formally file the bail application and ordered the remand of the

accused person at the Kuje Prison till March 1 when the matter will come up for hearing. It would be recalled that the anti-graft agency which was miffed with the two-year jail term or an option of N750,000 fine handed over to the convict who pleaded guilty to the charges preferred against him, slammed a fresh four count charge against Contd on Page 2

PD INDEX

28th Jan., 2013

CBN RATES $ £ EURO CFA RIYAL

BUYING 154.74 244.10 209.59 0.2981 41.25

SELLING 155.74 245.68 210.95 0.3181 41.52

PARALLEL RATES EURO £ RIYAL $

BUYING 208 254.50 42 157

SELLING 210 257.50 43 158


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