Published On: Mon, Oct 3rd, 2016

Buhari's Cabinet Member in Trouble (Must Read)

Loading...

Buhari’s Cabinet Member in Trouble (Must Read)

Nigeria problems mount as Buhari’s minister, Enelamah , Paschal Dozie, Oyebode, others fingered in $13.9bn fraudulent forex deals.

The hope that the current administration of President Muhammadu Buhari is the one to rid Nigeria of corruption is fading by the day as a serving minister and change agent Okeychukwu Enelamah has been indicted in a fraudulent $13.92 billion forex deal.

This revelation that one of the change agents of the administration is enmeshed in such questionable deals has now compounded Nigeria’s problem with the hope of a revamp of the country hanging in the balance.

Others fingered to have colluded with the alleged deal that ran for 10 years beginning from 2006 to 2016, the current year are Paschal Dozie, chairman of Diamond bank, Gbenga Oyebode, chairman of Access bank, Victor Odili and Ahmed Dasuki among others.

The syndicate which the serving minister serves as its nucleus was aided by the MTN group under which guise, Enelamah and his cohorts claimed to have brought in foreign investment into the telecom firm.buhari_3373847b.jpg

They were assisted by the quartet of Diamond Bank, Citibank, Standard Chartered bank and StanbicIBTC.

Of the total $13.92 billion, StanbicIBTC was responsible for $4.27 billion, Citibank $2.9bn, Standard Chartered $5.72bn and Diamond bank $1.03bn.

On his assumption of office on May 29, 2015, President Muhammadu Buhari was welcomed by myriads of challenges that have sent the country to its knees.

The nation has experienced mismanagement and corruption that characterized the oil boom era. The dysfunction came to light with the global oil price plunge that has left the treasury dry. Everything was in tatters with violence and blackouts becoming permanent feature of a country that was once a promised land but now a frustrated fortunes.

To fix the country, President Buhari needs change agents that align with the “Change” slogan that brought him to power. So he picked Okechukwu Enelamah as part of his cabinet with whom he hope to return Nigeria’s lost image and glory.

Enelamah is a popular name in the Nigeria economy. A graduate of medicine who left the business of saving lives for figures and money when he became a chartered accountants. Enelamah is popular owing to his involvement with the African Capital Alliance, an investment institution with hands in several businesses in the country.

Enelamah who is also a pastor in one of the popular Pentecostal churches in the country, got the nod to serve as minister in the President Muhammadu Buhari’s administration through the chief of staff, Abba Kyari. They all rode to power with its ‘change mantra’.

He sits on the ministry of industry, trade and investment which responsibilities is to assist in industrialising the country, make the country a destination for investments, change the course of the monolith economy and help create jobs and by extension, wealth.

His inclusion in the Buhari’s cabinet which carries the

Use your ← → (arrow) keys to browse

Comments

Share This
Tags

About the Author