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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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Happy Birthday to President Tinubu, A leader of leaders, Visioneer- Sunday Dare:
Salutes The “General Overseer of Nigeria’s Democracy” at 73.
The Special Adviser to the President (Media and Public Communications), Chief Sunday Dare CON FNIS, has congratulated President Bola Ahmed Tinubu on his 73rd birthday, describing him as a purposeful leader who rescued Nigeria from the brink.
In a statement issued in Abuja on Saturday, Chief Dare said, “Born on March 29, 1952, President Bola Tinubu’s unfolding story is a tapestry of struggles, intrigues, battles, and, ultimately, victories. His political journey has been bold and courageous, a spectacle admired by many.
“The last four decades of President Tinubu’s life culminated in his presidency, an inspiring journey driven by a profound sense of purpose.
His audacity led him into the tumultuous waters of political life, distinguishing him as a leader with a compelling political story. Across Nigeria, he continues to build bridges, fostering relationships and advocating for a national outlook in his politics.
“Where others succumbed to dread, President Tinubu’s bravery in initiating much-needed reforms has turned the country’s economy around, with Nigeria’s prospects now on an unprecedented positive trajectory. These reforms have positively impacted the nation, with economic indicators reflecting significant transformation under his watch.
“Nigeria has found in Bola Tinubu a leader who prioritizes the nation’s welfare over flamboyance. His purposeful leadership stands as a testament to his commitment to Nigeria’s progress and resilience. As Sunday Dare aptly stated, “History has found its man. A leader leading with purpose.
“Happy Birthday to My President, Asiwaju Bola Ahmed Tinubu, GCFR. A leader of leaders. A Visioneer. The General Overseer of Nigeria’s Democracy. A man Leading with Purpose. Renewing the Hope of Nigeria. Rekindling the spirit of Nigerians. Taking the road less travelled to get Nigeria to the desired destination of self-reliance and global relevance.
“On your 73rd birthday my prayers are for more years, more vision, more courage, more wisdom and God’s protection,” the Presidential Spokesperson concluded.SD for Sustainable Development
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