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Management of Galaxy Transportation debunks EFCC allegations of fraud against Dalori
Management of Galaxy Transportation debunks EFCC allegations of fraud against Dalori
By Funmi Lawrence
The Management of Galaxy Transportation and Construction Services Limited has debunked the allegations of fraud against its Managing Director, Mr Babagana Dalori by the Economic and Financial Crimes Commission (EFCC).
The management said this in a statement signed by Mr Cletus Enejo, on behalf of the management and made available to newsmen in Abuja on Tuesday.
Enejo said it was untrue that its MD’s detention was based on fraud and/or running of phantom schemes.
According to him, what is at stake is that our company could not meet its obligations to its clients within the time expected of it for reasons beyond.
“As such, some investors who were not satisfied with our explanation and efforts currently put at recovering the loss, petitioned the EFCC even though the matter was civil and not criminal.
“As an obedient citizen of the country, the MD turned in and gave himself to the Commission’s interrogations.
” Prior to this, the company has been consistently providing the Commission and other relevant regulatory bodies with weekly reports detailing them of its income and spending.
” It is therefore obvious that our failure to meet our obligations has nothing to do with either misappropriation of funds, fraud or even bankruptcy.”
Enejo added that the company had not declared that it was not in position to settle its obligations to its clients.
He, therefore, said that the arrest of Dalori only tarnishes his hard-earned reputation and the company unnecessarily despite the fact that the case was civil.
” Needless to add, his continuous detention is hugely slowing the company’s efforts to recover from its losses and begin to settle its clients.
“The company has provided over 250 Nigerians with employment who are currently in its payroll, besides other indirect opportunities and the arrest of our MD is also endangering the livelihood of these Nigerians.”
Enejo added that right now, the company’s consultants and other financial firms have been engaged to determine the fastest way to pay the clients based on the incomes generated.
He said the company hope to develop a payment schedule based on their recommendations and begin payment disbursements in the next few days.
He said the management had also been meeting some of the investors at various levels since these incidents occurred so as to discuss how best they could be settled.
It would be recalled that Dalori was arrested by EFCC following a petition by some of its clients who are disgruntled by the inability of the company to settle their payment as a result of several factors.
Dalori was arrested for allegedly collecting N7 billion from 20,700 potential investors.
Dalori, 35 and a 2010 graduate of Electrical/Electronics, University of Maiduguri is the Managing Director, Galaxy Transportation and Construction Services Limited.
The transport company has been in business in over five states in the country with its headquarters in Abuja for the last nine years since 2010.
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NSF: Oparaoji, Ekpeyong, Quadri Gear Up for Tough Quarterfinal Clashes in Abeokuta
Joel Ajayi
The tennis courts at the ongoing National Sports Festival in Abeokuta are buzzing with intensity as the competition hits the quarterfinal stage in both the men’s and women’s singles events, following a gripping round of 16.
Men’s Singles Quarterfinals:
Abubakar Yusuf of FCT will square off against Rivers State’s Abua Canice. Yusuf booked his spot with a 4-0, 4-2 win over Ehigiamusoe Endurance of Edo, while Canice cruised past Azi David 4-1, 4-0.
Bayelsa’s Uche Oparaoji faces Adeleye Daniel of Ekiti in a clash of skill and strategy. Oparaoji outclassed Urenyang Nuhu of Taraba 4-1, 4-2, just as Adeleye powered past Kaduna’s Ibrahim Sulaiman with the same scoreline.
In one of the most anticipated ties, Danjuma Lucky (FCT) will lock horns with Bayelsa’s top seed David Ekpeyong. Danjuma came through a thrilling contest against Ekiti’s Abamu Matthew, rallying to win 1-4, 4-2, 10-5, while Ekpeyong dominated Taraba’s Rubi Toba 4-0, 4-2.
Home favourite Christopher Bulus of Ogun will battle Edo’s Michael Chima for a semifinal ticket. Bulus swept past Rivers’ Timibra Godsgift 4-1, 4-0, while Chima triumphed over Delta’s Iloputa Ikechukwu in a straight-set win.
Women’s Singles Quarterfinals:
Delta’s Barakat Quadri, fresh off a 4-1, 4-0 win over Rebecca Ekpeyong of Bayelsa, will face rising star Emmanuel Bright of the IJA (Invited Junior Athletes), who overcame Rivers’ Maxwell Timipre 4-2, 5-3.
Edo’s Omotayo Blessing will battle Akwa Ibom’s Udoffa Mary in what promises to be a fiery encounter. Omotayo brushed aside Ekiti’s Adeusi Jesutoyosi 4-0, 4-1, while Udoffa outplayed Moses Favour of Kaduna 5-3, 4-0.
Elsewhere, Ogunjobi Success of Ekiti will test her mettle against Aina Goodnews of IJA, and Akwa Ibom’s Etoro Bassey faces Ogun’s Yakubu Ohunene in a South-South vs South-West showdown.
With the quarterfinals locked in, tennis fans are in for a thrilling ride as the battle for medals intensifies under the Abeokuta sun.
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