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Old 1st Jul 2013, 13:30
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Keke Napep
 
Join Date: Jun 2013
Location: Ogba
Age: 53
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You're so right atedo, this man has no right to be invited to such a meeting except as an example of continual asset-stripping of every company he's been involved with . He's created wealth for himself and misery and ruin for almost everyone else he's ever had dealings with - NICON, Air Nigeria, Newswatch all plundered by this heartless and unscrupulous corporate raider who doesn't hesitate to call in Mopol to curb any protests, was questioned by the Economic and Financial Crimes Commission, EFCC, over possible money laundering charges before closing down Air Nigeria.
This is a man who was tried in court for tax evasion and forgery by the Federal Inland Revenue Service (FIRS) which accused the billionaire’s company of evading a N4.86 billion naira tax over five years; and of forging a Tax Clearance Certificate (TCC) to enable it to get the necessary expatriate quota of pilots for his airline.
He was also recently investigated by the Police, to explain the roles his insurance companies, Nicon Insurance Plc, and Nigerian Reinsurace Corporation played in the N32billion police pension administration fraud being investigated by the police.
For non-Nigerians reading this to get some context of the sums involved, N32 billion is US$ 198 million, N4.86 billion is US$ 30 million and the figure of you quoted of N35.5Billion from the FG given to support Airlines, is US$220 million. These are obscene sums for our country which according to the World Bank had only a gross national income per capita of US$1,280 in 2011 and which a Renaissance Capital survey of the Nigerian middle class estimated annual income between $5,760 and $7,740.
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