Brother to Cross River Governor, Ayade, arrested over alleged N2.4billion fraud

Governor Ben Ayade
Governor Ben Ayade

The Economic and Financial Crimes Commission has arrested a brother to Governor Ben Ayade of Cross River State over alleged N2.4billion contract scam.

Sources at the EFCC told PREMIUM TIMES that Francis Ayade was arrested on Tuesday in connection with the scam.

Mr. Ayade, managing director of Leophina Nigeria Limited and Hally Brown International Limited, was fingered in alleged shady deals involving diversion of public funds into his companies’ accounts.

“Specifically, four different allocations from the Federation Accounts were alleged to have been diverted into Hally Brown International Limited’s account owned by him,” an official told PREMIUM TIMES.

Investigations by EFCC operatives showed that Hally Brown International Limited was awarded a road construction contract to the tune of N2.4billion in 2011.

To finance the contract, Mr. Ayade allegedly took a loan of N350,000,000 (Three Hundred and Fifty Million Naira only) from First Bank Plc, on behalf of Cross Rivers Rural Access and Mobility Project.

The loan, was however, unused for the contract, but transferred into the Mobility Project.

Mr. Ayade has also been implicated in alleged suspicious transactions involving Obudu Micro Finance Bank, among other allegations.

He has been offered administrative bail but still in the custody of the EFCC until he fulfills the bail conditions.

It is not clear if Governor Ayade himself has been linked to the alleged scam. EFCC insiders said investigations were continuing.

Christian Ita, the spokesperson to Governor Ayade could not be reached to comment for this story. He did not answer or return calls made to him on Wednesday morning.

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  • Ade Omowest

    Some people will start shouting ‘witch hunting’ now because Ayade is from South.

    • AFRICANER

      It’s not witch hunting, it’s provocation for WAR, which you will get soon enough.

      • justice

        Ranting.

        • AFRICANER

          It takes a lot, and a while, for the remote part of provoking a people to say enough, and a flicker for the immediate part.

      • kinsly

        War? I beg try fight for your future and the future of your children by working hard. Instead of fighting for a thieve.

    • vagabonds in power

      Only a mumu will think Efcc is acting on behalf of the good of Nigerians-over a contract that was awarded in 2011 while Donald Duke was governor Haba 9ja! Sadly Nigerians requested for a saviour from God—-pleaded and cried to the Heavenly Father to remove Jonathan—based purely on the propaganda work of the CIA—ati the Apes in APC———————-So the Good Lord heeded to our Prayers via the Redeem Church of God—headed by Osibanjo—-whose members are now being slaughtered like goats by the Fulanis up in the North—————ati the Catholic Church THROUGH Father Mbaka–So decided to impose an alien from Mali called Bingo Buhari on us—–who is now lying and using efcc to score cheap political points at the local and international levels while it tries to suffocate the opposition via the same Satanic tactics–Most of these evil acts are ofcourse——–designed to smear the ego of Jonathan—and intimidate him out of the country—–for the Fulanis ati Yorubas-to fully takeover the affairs of the country——————tribalism abi—-d truth–animals

      • Ade Omowest

        Cheii, ignorant man, ” ..2011 while Donald Duke was governor…” – by vagabonds in power. For your info. Donald became governor in 1999 and left in 2007 with Obasanjo and co. Go and get informed and stop disgracing Southerners at this forum.

    • Aminu Mahmoud

      Why bother yourself to comment on this remember Oga Fortunator has once declared stealing is not corruption especially if it happens in the SS.

  • vagabonds in power

    SA Company Exits Nigeria – Sun International, with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions and regulatory dispute”.

    The hospitality and gaming company, which becomes the fourth major South African company to exit Nigeria in 2016, said the controversial detention of five of its staff by the Economic and Financial Crimes Commission (EFCC) spurred its decision to exit Nigeria.

    “Continued setbacks in Nigeria as well as the ongoing shareholder dispute, have frustrated all attempts to develop and improve the property,” the hotel said in its 12-month financial statement.

    “Five of our staff members who were detained by the Economic and Financial Crimes Commission earlier in the year have still not had their passports returned to them despite no charges being laid against the individuals, the company or Sun International.

    Truworths announced its exit from Nigeria back in February, due to the same issues, while Clover left about two weeks later.

    Tiger Brands also sold off its stake in Nigeria-based Dangote Flour, following challenging economic environment in the second largest economy in Africa. What a Shame————-All Fulani Bingo Buhari has been doing for the past one year, is to blame his weak sperm count—-on—————Jonathan and his wife–Separation is the answer–regardless!

    • Rommel

      South Africa Rand just lost 3.5% of its value today on the new that the SA police invited the finance minister of that country,did you also see that?

      • vagabonds in power

        Joe Igbokwe——–U–see why i keep on telling u have no brain—————–while we are here talking about the destruction of our economy by Bingo Buhari u are busy raising issues about south Africa—-what type of Ibo man are u—-?———–The main issues here is about firms leaving the shores of Nigerian because of the luciferic investment climate under we now operate under the demonic rule of Fulani Buhari———–u hear–Separation is the only way out————————————-not the rule of the Fulanis from Niger Repulic and the errand boys among the Yorubas from Togo

    • Jojo

      What does your exodus stories has to do with someone who diverted the allocation for a state? I want to believe that your thinking faculty is not in your anus

    • kinsly

      Mumu comment from a very mumuish brain,

    • Tayo Patriot

      The mouthpiece of the corrupt persons. The corrupt people you are defending are the remote and immediate cause of most of the problems you highlited in your piece. Dirty mind.

    • share Idea

      Aptly stated. Buhari wants the economy to improve but anybody that is doing business in Nigeria runs the risk of being arrested by EFCC based on spurious allegation. What a country, who will like to invest in such environment.

    • okpada

      They are all scammers. Tiger brand almost run down Dangote flour in twinkle of years until bought back the holding shares and now the company is back to profitability.

  • Jasper

    Ha ha, na wetin? Dem swear for you for this country?

  • Anasieze Donatus

    For me i donot care about this stealing by a Niger Delta Man from a Niger Delta state after all is their OYEL MONEY stolen by their brother for SAFE KEEPING.I would have commented if the stealing was carry out by a fulani man..

    • tundemash

      And after embezzling “their own money”, they ought to also stop disturbing teh fulani man about lack of infrastructure in their oyel backyard.

    • Gwazy

      nothing on earth belongs to any body!

    • deansmart

      Shallow brain

      • Anasieze Donatus

        intellectual midget.Lazy Ijaw ,militants no more free money.Get a real job

  • separation is the answer

    Only a mumu will think Efcc is acting for the good of d country ati Nigerians-over a contract that was awarded in 2011 while Donald Duke was governor Haba 9ja! Sadly Nigerians requested for a saviour from God—-pleaded and cried to the Heavenly Father to remove Jonathan—based purely on the propaganda work of the CIA—ati the Apes in APC———————-So the Good Lord heeded our fake Prayers via the Redeem Church of God—headed by Osibanjo–the VP of Fulani Buhari–whose members are now being slaughtered like goats by the Fulanis up North—————ati the faithfuls of the Catholic Church killed also THROUGH Father Mbaka–The Lord then decided to impose an alien from Mali called Bingo Buhari on us—–who is now lying, cheating deceiving 9jas and using efcc to score cheap political points at the local and international levels while at the same time, Bingo Buhari-tries to suffocate the opposition via the same Satanic tactics——-with the aid of this very agency that turned a blind eye to the crimes being committed by the head of the army—alhaji Bingo Buratai————-Amaechi Bingo Amaechi——————Danbazua Bingo Dambazua——–Bingo Prof Yakubu of INEC WHO STOLE 800M from the coffers of UBEC–Most of these evil acts AS WE HAVE ALL COME TO KNOW BUHARI AND OBASANJO FOR—are often——–designed to smear the ego and great achievements of Jonathan—and intimidate him out of the country—–for the Fulanis ati Yorubas-to fully takeover the affairs of the country——————tribalism abi—-d truth–If not efcc will not go and dust the file of contracts in 2011—and refuse to tell us how Fashola Tinubu and Amaechi stole their poeple blind——————-This is Justice Nigeriana at play again—————Less the crimes committed by the Fulni governors from Mali in the Senate-Separation is the answer——————

    • Oladele

      Agbero!

    • Gwazy

      put your real name and face make we see

      • Alhaji Bingo Buhari

        Joe Igbokwe wetin u 4 do-me–hire Fulani boko haram killer squad to assassinate me for exposing Buhari–as a Malin and a rogue? i begi–Is Nigerian leader’s pal ‘fantastically corrupt’? Friend of African president accused of stealing £500million

        * Muhammadu Buhari seen by some as leading the battle against corruption

        *But worrying allegations swirl around one of Nigerian leader’s close allies

        *Rotimi Amaechi accused of misappropriating £338m commission probing sale of state assets

        *Also accused of diverting £140m of state funds into Buhari’s presidential campaign

        When David Cameron was caught on camera last week before an anti-corruption summit describing Nigeria as ‘fantastically corrupt’, the African state’s president rallied to the Prime Minister’s defence by agreeing with him.

        But although Muhammadu Buhari is seen by some as leading the battle against corruption, worrying allegations swirl around one of his close allies.

        Rotimi Amaechi, who travelled with the president to the summit, is Nigeria’s transport minister and is said to have bankrolled Buhari’s presidential campaign.

  • Wetin Naija

    Thank you President Buhari. Almighty God will sustain you. All these criminals will pay for their crime.

  • Dr Pat Kolawole Awosan

    The anti-corruption war embarked upon by president Muhammadu Buhari,s government is truly working and Nigeria, would be better for it at the end.When it comes to corruption crimes against the state,EFCC is really trying and will succeed and set Nigeria, back on transparency track.Some crime stricken minded fellows in this forum are against the EFCC actions and such opponents of anti-corruption war being fought by the EFCC will be consume in hell-fire at the end of their lives.

    • Alhaji Bingo Buhari

      Is Nigerian leader’s pal ‘fantastically corrupt’? Friend of African president accused of stealing £500million

      * Muhammadu Buhari seen by some as leading the battle against corruption

      *But worrying allegations swirl around one of Nigerian leader’s close allies

      *Rotimi Amaechi accused of misappropriating £338m commission probing sale of state assets

      *Also accused of diverting £140m of state funds into Buhari’s presidential campaign

      When David Cameron was caught on camera last week before an anti-corruption summit describing Nigeria as ‘fantastically corrupt’, the African state’s president rallied to the Prime Minister’s defence by agreeing with him.

      But although Muhammadu Buhari is seen by some as leading the battle against corruption, worrying allegations swirl around one of his close allies.

      Rotimi Amaechi, who travelled with the president to the summit, is Nigeria’s transport minister and is said to have bankrolled Buhari’s presidential campaign. Yet EFCC refuses to probe Amaechi and Dambazua ati Burutai–In spite of the several petitions penned against him and gathering dust on the table of Bingo Buhari

      • Comfortkay

        All this your running mouth will land in in jail unless you are living outside of Nigeria. We will fish you out.

      • okpada

        Let Rivers state government charge Amaechi to court if they have evidence of those allegations, instead of propaganda

    • tuby NY

      But our “highly compromised” judges are NOT HELPING his (PMB) corruption’s fight efforts at all — this is the big misery, very shameful and can BE discouraging sometimes. But Mr. President must keep pushing harder and our ppl must show support instead of encouraging this society ill/sickness!

      • not misery …ive read they don’t want that judge…..

  • vagabonds in power

    The Lord after listening to their pleas-decided to impose an alien from Mali called Bingo Buhari on us—–who is now lying, cheating deceiving 9jas and using efcc to score cheap political points at the local and international levels while at the same time, tries to suffocate the opposition via the same Satanic tactics——-with the aid of this very agency that turned a blind eye to the crimes being committed by the head of the army—alhaji Bingo Buratai————-Amaechi Bingo Amaechi——————Danbazua Bingo Dambazua——–Bingo Prof Yakubu of INEC WHO STOLE 800M from the coffers of UBEC–Most of these evil acts AS WE HAVE ALL COME TO KNOW BUHARI AND OBASANJO FOR—are often——–designed to smear the ego and great achievements of Jonathan—and intimidate him into leaving the country—–so that the Fulanis ati Yorubas-will fully takeover the affairs of the country——————tribalism abi-? It is—d truth–If not efcc will not go and dust the files of contracts alleged to have been awarded in 2011—and refuse to tell us how Fashola– Tinubu and Amaechi stole their people blind——————-This is Justice Nigeriana at play again—————Less the crimes committed by the Fulani governors from Mali in the Senate-and amred forces of Nigeria—————Separation is the answer——————

    • anta mitchel

      iboman talk about abia,and your states that are dirty and undeveloped for the past 16 years,don`t cry another man cry.

  • vagabonds in power

    Only a mumu will think Efcc is acting for the good of d country ati Nigerians—who are now living like badly starved animals—————Over a contract that was awarded in 2011 when Chief Donald Duke the APC mole in PDP, was governor of Cross River state———-Haba 9ja!——— Sadly Nigerians requested for a saviour from God—-pleaded and cried to the Heavenly Father to remove Jonathan—based purely on the propaganda work of the CIA—ati the Apes in APC———————-So the Good Lord heeded our fake Prayers via the Redeem Church of God—headed by Osibanjo–the VP of Fulani Buhari–whose members are now being slaughtered like goats by the Fulanis up North—————ati the faithfuls of the Catholic Church killed also THROUGH Father Mbaka-the fraudster and now agent of the devil-s-in Aso Rock—-under the control of Aisha Bingo Buhari

    • anta mitchel

      Duke apc mole i wish ayade is a mole or his master obioma sorry Duke is an icon, he brought CRS out of darkness to limelight. let CRS continue with PDP WHAT HAVE THEY GAINED?

    • thusspokez

      based purely on the propaganda work of the CIA

      You often talk sense but also often spoil your argument by adding silly conspiracy theory to spice them up. Maybe you are addicted to conspiracy theory, in which case, all I can say to you is horses for courses.

      You assign too much undue powers to these foreign organisations and governments. It might be the result of you watching too many movies about (say) the CIA. Or it might well be an inferiority complex that you are suffering from.

      When the Soviet Union broke up, even the CIA didn’t believe it at first, let alone saw it coming. Yet this was an organisation with multi-billion dollar yearly budget and devoted to spying on the Soviet Union. Wouldn’t you describe such an organisation as extremely inept and even unfit for purpose? And yet, you sir treat it like God!

      David Cameron’s government was full of UK’s brightest, all and mighty — supposedly — and yet David Cameron turned out to be the worst British Prime Minister in history. He stumbled from one bad decision to the next and eventually made one final catastrophic mistake that ended his premiership. The UK is currently at a crossroad and can’t decide which road it should take. And yet these are the governments and people you worship like God.

      • serubawon70

        You take this guy called vagabond serious?

    • serubawon70

      Are you ok?

  • thusspokez

    “Mr. Ayade, managing director of Leophina Nigeria Limited and Hally Brown International Limited, was fingered in alleged shady deals involving diversion of public funds into his companies’ accounts.”

    “It is not clear if Governor Ayade himself has been linked to the alleged scam.”

    Could he be fronting for his brother Governor Benedict Ayade?

    BTW there is something fishy about the governor’s own CV posted on wikipedia:

    Benedict Bengioushuye Ayade

    Date of birth : 2 March 1969
    Attended Ambrose Alli University in Ekpoma (1984 – 1988 or ages 15 – 19)
    Completed a Ph.D at University of Ibadan (1990 – 1994 or ages 21 — 25)
    He is also Professor — they must give out these things very cheaply in Nigeria?

    • anta mitchel

      Read more he claims to have invented a water pump in phillipine and my people are blind to believe him. he is just among the fake politicians fronting for bigger thieves.

    • Mufu Ola

      Maybe typograph errors are at work here.

    • serubawon70

      Good observation. This is more serious than stealing money. It borders on integrity and intrinsic quality of a public figure governing millions of Nigerian citizens. I wonder why the so called investigative journalists have not thought it significant enough to report on

    • Nkem

      “BTW there is something fishy about the governor’s own CV ….” No, not about his CV. I have always thought there is something fishy about the man since from the first time I saw him on TV. Just watch him closely. Every time he talks, everything he does, you got the feeling that there is something not quite right about the man.

  • Burning Spear

    Can Buhari quietly tell us if the amount -most of which were quoted in dollars by the Government of Switzerland said to have been stolen by Dasuki –now locked up without bail in his gulag– equals that of Abacha whom he served with all his Fulani heart—-?

    • john Thomas

      Buhari buhari buhari buhari…..don’t you guys get it, what kinda block headed creatures are Nigerians for chrissakes…every and anything is caused by buhari…leaving the real criminals to have a field day…keep it up, when acute hunger hits you, you’ll apply your head somewhere else..

      • Burning Spear

        t is why u suffer and smeil at the same time mumu–behaving like the dog called Buhari

  • this one nko

    ₦38.23billion developed legs and got missing in Central Bank under Sanusi Lamido Sanusi.

    • ₦160billion was taken by Sanusi Lamido at the Central Bank for self-determined spending.

    • ₦1.12billion was taken as spent by Sanusi Lamido on lunch for 12 CBN police guards

    in one year.

    • ₦1.12billion was taken in cash and entered in the account as paid to a non-operating airline

    for charter service.

    • ₦240billion was discretionally doled out at will as ‘donations’ by Sanusi Lamido.

    • ₦1.97billion was paid out in cash and entered on Central Bank accounts as “inexplicable

    expense” by Sanusi Lamido Sanusi.

    • ₦20billion was paid out in cash as Legal Fees by Sanusi Lamido to persons unknown.

    • ₦3.086billion was taken by Sanusi Lamido and written off as expense ostensibly to promote

    Central Bank image…

    • okpada

      Ask Soludo, Emefiele about how much they spent during their respective tenures? Before you can come out to allege spurious lazy allegations that have no substantiations

      • felixoti

        Don’t mind Okpada. When the same Sanusi published a 20-page point-by-point response to all the allegation, thereby causing GEJ to shut up, where was Okpada?

        Busy drinking Ijebu gari in Oworonshoki

        • Tunji Olarewaju

          For wia! Oworonsoki?gari ,keh?He was rather busy drinking ogogoro with the Don at Otuoke

      • vagabonds in power

        Mumu–why dont u ask Buhari to tell us how much his former boss ABACHA stole before launching his fake anti kwaruption crusade—-against dasuki————————Is that not the Buhari who said abacha did not steal a dime from the Niger delta during his tenure with him

  • favourtalk

    See what PDP and thieves in all corners had doen to us, he should be dealt with and allow to go to jail

  • Mike Johnson

    Make over N5MILLION within 9 MONTHS in pig farming. For a guide on how to start with N30k and grow big SMS “PIGFARMING” to 33811. SMS costs N50.