EFCC freezes Patience's $5million

Newspapers in Nigeria this morning focuses on different reports today, September 22, 2016. While some are reporting on the economic situation of the nation, others focused on the anti-graft war against the former first family, the Jonathans.

Vanguard is reporting that some Senators have urged President Muhammadu Buhari to sack or redeploy some of his ministers, who are currently saddled with the onerous task of managing the economy.

The legislators want the Minister of Finance, Mrs Kemi Adeosun and her counterpart in the Ministry of Budget and Planning, Senator Udoma Udo Udoma, relieved of their duties or redeployed to other ministries where they could  be more competent and productive.

The call was one of the numerous suggestions the lawmakers proffered to put the country on the path of recovery when they began debate on the economic quagmire the country is mired in.

On the front page of Punch is report about the Economic and Financial Crimes Commission freezing Patience Jonathan’s personal account, titled ‘Patience Ibifaka Jonathan’, which is domiciled in Skye Bank Plc.

“Recall that we had frozen the four companies’ accounts, which Patience Jonathan later laid claim to. We have been able to establish that the money was part of proceeds of crime.

“She had no evidence that the money in the four accounts belonged to her. All she had were platinum debit cards, which she was using to withdraw money and the cards are not evidence of ownership.

“Initially, we had traced $5m to her personal account, which we did not touch but I can confirm to you now that the $5m account, bearing Patience Jonathan’s name, has also been seized since she claimed that the monies in the company accounts and the one in her personal name all emanated from the same source.

“We are tracing other accounts belonging to Patience. It will interest you to know that despite all the letters she has written, she has never stated where she got the money from. She claimed to be a housewife and yet she has $20m” an EFCC source was quoted.

The Nation is reporting that Some experts and leading politicians have suggested the sale of some assets, saying this will provide the cash to reflate the economy, reopen factories and put money in the people’s pockets.

Pushing this view are business giant Aliko Dangote, former Central Bank of Nigeria (CBN) Governor Muhammad Sanusi II, the Emir of Kano and Senate President Bukola Saraki, among others.

But Labour cried out yesterday that the idea will make a few to amass the wealth of all and deepen the seeming despair in the land.

Also against that line of action are Deputy Senate President Ike Ekweremadu and former Benue State Governor George Akume, a senator.

On the front page of Daily Sun is the report that deputy senate president Ike Ekweremadu has advised President Muhammadu Buhari to remove Budget and National Planning Minister, Sen. Udoma Udo Udoma and Finance Minister, Mrs. Kemi Adeosun.

Ekweremadu said the Buhari administration “should not put square pegs in round hole.” This is even as the Speaker, House of Representatives, Yakubu Dogara urged Mr. President to address the National Assemlby, a view expressed by Sen. Ekweremadu who said Nigerians want to see Buhari and not his ministers at Town Hall meetings.

Ekweremadu said: “The President needs to look at his cabinet. He has to put square peg in square hole. Udo Udoma is my friend. He is an accomplished lawyer for that matter, but in fairness to him, I believe he can do better in another ministry especially like trade and investment, certainly not Budget and Planning.

“The Minister of Finance can do much better in another ministry. At this critical, time we need somebody who is more experienced to man the Ministry of Finance so that he can coordinate the strategies for this recovery.

“I also believe that we need to have all hands on deck right now. It does not matter their religion. It does not matter their party. We need to go all out and look for the best brain to come and help us to come out of this recession. America was in recession in 1930s, but they recovered within three years

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