Mr. Oti Ikomi, MD/CEO of Keystone Bank
The sum of N4.5 billion approved by President Goodluck Jonathan to the Association of Local Government of Nigeria, (ALGON) purportedly for enhancement of primary healthcare, PHC in the country has been diverted into private pocket.
From documents obtained by Timesofnigeria.com, President Jonathan, in September 2010, approved a waiver of N4.5 billion to ALGON which had purportedly entered into an agreement with American Hospital Limited, through a specialized university, the American University of Medical Sciences (AuMedSc), to purchase its 30% equity share capital for the sum of N5.5 billion.
The approval was subsequent to a proposal by ALGON with prospects of revamping the decaying health sector in conjunction with the American Hospital.
The medical group, largely owned by one Doctor Ifeanyi Obiakor of Afam Medical Centre, Brooklyn, New York, served as consultant to ALGON.
According to the documents, of the N4.5 billion approved by the President, sum of N3.8 billion was paid into ALGON’s Bank PHB account (1001173005), through the Central Bank of Nigeria (CBN) and on the orders of the then Accountant-General of the Federation (AGF).
After this payment, ALGON President and Secretary-General respectively, Felix Akhabue and Chief Chikwe Udensi, transferred N2.5 billion to the Bank PHB account of Impecca Services Limited with account no. 1002807679. The money, transferred on July 15, 2011, was expended within ten days according to bank statement
The disbursement was done in collaboration with Ibrahim Mohammed Abdul-Azziz, the Manager of Bank PHB, Asokoro branch, who was also paid N132 million through account no. 1000102545 domiciled in Kano.
Impecca Sevices Limited account was opened with a balance of (N2,821,25).
And after all the N2.5 billion transactions, the account reverted to zero balance indicating that the account may have been opened solely for that purpose.
The summary of the withdrawals indicate that 52 cheque drawings were made, 31 cash withdrawals, 46 cheques for BDCs, 15 By National Electronic Funds Transfer (NEFT), 3 Account Transfers and one other transfer to FIRS.
The transaction, according to our findings, was without the knowledge ALGON’s Interim Management Committee (IMC) and contravenes a Federal High Court order in suit no. FCH/ABJ/CS/538/2010.
The order constituted the IMC and stipulated that all decisions of ALGON shall be made by the ALGON IMC with at least two thirds majority. The transaction also violated the Constitution of ALGON, which provided that the Treasurer and Secretary-General shall be the co-signatories with the President as supervising signatory to all ALGON bank accounts
Findings reveal the owners of Impecca Sevices Limited with registration RC 410395 under the Companies and Allied Matters Act 1990, as John J. Okoro and Iheanyichukwu Okoro and their adcdress asPlot 406 Abayomi St., Amuwo Odofin, Lagos ALGON BoT, Chairman, Umar Kassim Ibrahim and ALGON IMC President, Akhabue and Secretary-General, Udensi, both sacked and later recalled are now engaged in a battle of wits to get to the root of the bizarre transaction. Both parties refuse to entertain questions on the transaction.