Home > Breaking news > Jibrin Owns £1.558m In UK Bank, Says NYCN

Jibrin Owns £1.558m In UK Bank, Says NYCN

The National Youth Council of Nigeria, NYCN on Sunday said it had traced £1.558m (N825m) to a United Kingdom account allegedly owned by the embattled former chairman, House of Representatives’ Committee on Appropriations, Abdulmumin Jibrin.

The Head of the Anti-corruption unit of the NYCN, Ifeanyi Okonkwo, who stated this in an electronic mail, said the operation of the accounts contravened existing Nigerian laws on the conduct of elected and appointed public officers. The group said documents it obtained from the UK revealed that Jibrin allegedly “owns and operates the said account domiciled in ING Bank Channels Island, United Kingdom.”

It said, “The bank is located at Forum House, Grenville Street, St-Heller, Jersey JE2 4UF, Channels Island United Kingdom. “Jibrin opened the account with his address at 453 Crank brook Road, Ilford Essex IG2 6EW. “Details of the account statement obtained by some lawyers in the UK show that Jibrin has a total £1.558m (approximately N825m) in the account between June 1, 2016 and June 30, 2016.”

The group claimed that Jibrin withdrew the sum of £623.44 pounds within the one month period bringing the balance in the account to £1.376, 193.84 British pounds. “Jibrin’s ownership of foreign account contravenes the provisions of the 1999 Constitution which bars public officers from owning and operating foreign account,” the group added.

Paragraph 3, Part one of the Fifth Schedule of the Constitution of the Federal Republic of Nigeria 1999, states: “The President, Vice-President … members of the National Assembly and Houses of Assembly of states and such other public officers or persons shall not maintain or operate a bank account in any country outside Nigeria.”

Paragraph 18 of same Schedule provides to the effect that where the Code of Conduct Tribunal finds a public officer guilty of contravention of any provision of the code of conduct the punishments to be imposed include vacation of office or seat; disqualification from membership of a legislative house; seizure or forfeiture of assets or property being proceeds of such corruption; and prosecution in addition to the above sanctions; where the conduct constitutes a crime.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

x

Check Also

I Thank God The Police Arrested Us, Says Robbery Gang Leader

The Nigeria Police on Thursday paraded seven members of a gang responsible for robbing three ...

Plot To Sack NASS Clerk, Sani-Omolori, 150 Others Suffers Setback

The moves by the National Assembly Service Commission (NASC) to sack the Clerk to the ...