Author Topic: OIL BLOCK: TURAKI DISOWNS FIRMS  (Read 1250 times)

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OIL BLOCK: TURAKI DISOWNS FIRMS
« on: November 28, 2008, 01:35:38 PM »
  Oil block: Turaki disowns firms
By Tobi Soniyi, Abuja


Former Jigawa State Governor, Alhaji Saminu Turaki, on Thursday, told a Federal High Court in Abuja that he had no link with a firm, INC Natural Resources Limited, which he was accused of using to acquire an oil block with state funds.

In a counter-affidavit filed by his lawyer, Mr. Rickey Tarfa (SAN), Turaki said that the controversial $118m paid by the firm to the Department of Petroleum Resources, did not belong to him or to the Jigawa State Government.

The former governor, who is now a senator, disowned the two firms that were charged with him by the Economic and Financial Crimes Commission for alleged money laundering.

The second firm is Arkel Construction Limited.

The EFCC is prosecuting Turaki on a 32-count charge.

The accused also denied an allegation of using the state money to sponsor oil block deals on behalf of INC Natural Resources.

Turaki also exhibited correspondences between a bank and the Central Bank of Nigeria, where the bank asked the CBN for approval to disburse $98m on behalf of INC Natural Resources to the Department of Petroleum Resources for the said oil blocks.

The exhibits were attached to an affidavit in support of an application by the accused asking the court to quash the charge against him on the grounds that it was baseless and lacked credibility.

In the affidavit, Turaki had dissociated himself from the ownership of INC Natural Resources, asking why EFCC would accuse him of using state funds to acquire the oil blocks for the firm when the exhibits showed that the CBN approved the release of the said $98m by the bank on April 25, 2006.

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OIL BLOCK: TURAKI DISOWNS FIRMS
« on: November 28, 2008, 01:35:38 PM »

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