• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘Zenith Bank fingered’ Businessman petitions EFCC, presidency over unpaid N50mln contract sum

Freelanews by Freelanews
July 6, 2021
in General
0 0
0
efcc

Lagos-Based businessman, Taiwo Samuel Akinwande, has petitioned the Economic and Financial Crimes Commission (EFCC) and the Presidency over alleged non payment of contract fees he executed for the Nigerian National Petroleum Corporation (NNPC) in 2010 by the chairman of the Federal Inland Revenue Service (FIRS), Muhammad Mamman Nami and chairman, Due Process Contract, Debt Payments of the office of the presidency, Dr. James Okon.

Speaking through his counsel, Ayodeji Bobaderin, Akinwande said both parties have been withholding the sum of $50 million owed to him and have asked him to make several payments as tax and Value Added tax (VAT) severally.

According to a copy of the petition made available to The Guardian, Akinwale had executed a contract awarded to him by the NNPC worth $50 million.

He said that the office of the Presidency NNPC/DUE process gave the certificate and approval of payment of the said amount to him on July 8, 2010.

The businessman said he received a letter of irrevocable guarantee from the Presidency through the former Secretary to the Federal Government (SGF), Anyim Pius Anyim, on September 9, 2013, stating that the money will be paid to his account in Germany upon the payment of Є3,700.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

He claimed that he got a letter of irrevocable guarantee from the head of Due Process, where it was stated that once he provides a valid current tax clearance certificate, there will be no further request or requirement for the payment.

Akinwande said he subsequently paid ЄЄ3,700 and $2,500 as taxes and a tax clearance certificated dated October 23, 2015 was issued to him by FIRS.

After making the payment, he claimed that he also paid the Procurement Director, a sum of Є50,000 to obtain a certificate of legality from the Federal High Court, approving the payment of his money on September 18, 2017.

According to the petitioner, on September 19, 2017, Zenith Bank transferred $50 million to IB International in Amsterdam, Netherland instead of ING Bank Brussels, contrary to the information on their slips and instructions.

On September 20, 2017, a letter of immediate stop order of the transfer of the money to Akinwande was served to Zenith Bank PLC after the money had already been transferred to the Federal Government of Nigeria’s corresponding bank – IB Inter Bank in Amsterdam and not his bank in Belgium based on his instruction.

Subsequently on November 23, 2017, he received a letter of Credit Advance in his favour amounting to $50 million from IB Inter Bank, Amsterdam and his fund was transferred to his account within 24 hours, but till today he is yet to access the money.

The petitioner alleged that he got a letter from IB Inter Bank, placing on hold the payment of the money to him pending the presentation of a Tax Clearance Certificate for the year 2020, even when the said sum of $50 million is already in his personal offshore account, lamenting that the bank refused to allow him till date to control and manage the funds.

“That emboldened by his desires to have his money after having being extorted financially he paid a further ЄЄ10,500 to FIRS but the agency refused to issue him a clearance certificate to enable him access his fund.

“Contrary to the promise that he will not have to pay further on tax charges, he received another letter from FIRS on July 6, 2020 that the chairman of due process demanded he pays another ЄЄ20,500 for tax and VAT for the year 2020,” his lawyer stated.

The lawyer claimed that his client did not fall within the categories of workers, who are entitled to pay yearly tax, but he was taxed severally and he paid each time just to get his money.

“In 2010 Mr. Akinwande had paid $2,500, which is the legal liabilities imposed on him by law. It is illegal for Nami and Okon to write a letter to the IB Interbank officially to stop the payment,” he said, calling on the EFCC to investigate the claims.

Meanwhile, efforts to get FIRS respond to the allegations proved abortive as the agency kept mum for over two weeks of contacting them for a reaction.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Related Posts

Image 2023 11 08 at 083758 13cd37a8 jpg
General

Yoruba Aborigin Progressive Initiative advocates for indigenous security in Southwestern Nigeria

by Freelanews
November 8, 2023
Atiku Abubakar
General

‘I’ll empower states’ Atiku promises to tackle power crisis, reveals plans

by Freelanews
August 19, 2022
police 2 jpeg
General

Police counter dismissed officers, caution media against misinformation

by Rtn. Victor Ojelabi
January 4, 2024
Obasanjo and Jonathan
General

‘Nominated!’ Ex-presidents Obasanjo, Jonathan, Sanwo-Olu, others to receive international award

by Freelanews
July 22, 2021
Screenshot 2024 11 21 at 18 31 43 Ekpa.jpg WEBP Image 1080 %C3%97 912 pixels %E2%80%94 Scaled 79
General

Simon Ekpa faces extradition to Nigeria amid terrorism allegations

by Freelanews
November 21, 2024

Leave a ReplyCancel reply

UBA bank ad UBA bank ad UBA bank ad

Recent News

Boko Haram

Boko Haram raid kills soldier, burns hospital in Borno

July 9, 2026
Oil

Oil jumps above $80 as Trump ends Iran ceasefire

July 9, 2026
DSS

DSS defends journalist ,Zainab Sodiq detention over drone probe

July 9, 2026
Dangote

Dangote Cement’s N753.8bn dividend fuels market optimism

July 9, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Boko Haram

Boko Haram raid kills soldier, burns hospital in Borno

July 9, 2026
Oil

Oil jumps above $80 as Trump ends Iran ceasefire

July 9, 2026
DSS

DSS defends journalist ,Zainab Sodiq detention over drone probe

July 9, 2026
Dangote

Dangote Cement’s N753.8bn dividend fuels market optimism

July 9, 2026
ADVERTISEMENT
July 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Jun    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Oladimeji Olatunji-Audu

    Atrium Homes CEO, Rtn. Olatunji-Audu, talks service, property

    0 shares
    Share 0 Tweet 0
  • Former Ogun LG chairman Wale Adedayo docked over allocation diversion allegations Against Abiodun

    0 shares
    Share 0 Tweet 0
  • Kwara community rejoices as abducted worshippers return home

    0 shares
    Share 0 Tweet 0
  • Peter Obi says he may not be alive to contest 2027 election

    0 shares
    Share 0 Tweet 0

Just Published!

Boko Haram

Boko Haram raid kills soldier, burns hospital in Borno

July 9, 2026
Oil

Oil jumps above $80 as Trump ends Iran ceasefire

July 9, 2026
DSS

DSS defends journalist ,Zainab Sodiq detention over drone probe

July 9, 2026
Dangote

Dangote Cement’s N753.8bn dividend fuels market optimism

July 9, 2026
ActionAid

AKSG reaffirms commitment to humanitarian development with ActionAid Nigeria

July 9, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Editorial Charter
  • Corrections Policy
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.