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.
Niger Delta Youth Council Facilitates with Nigerians on the Occasion of World Youth Day
…reflects on the state of the nation
…calls for youth friendly policies
The Niger Delta Youth Council (NDYC), a pressure group devoted to youth empowerment and development in the Niger Delta has facilitated with the federal government and Nigerian youths as the world marks International Youth Day, a day set aside to celebrate youths all over the world and reflect on the challenges they face and ways to surmount them.
In a press release made available to journalists in Abuja by the National Coordinator, Engr. Jator Abido, the group expressed optimism that this year’s World Youth Day will avail Nigerian youths and government and avenue to brainstorm and find lasting solutions bedeviling the Nigerian youth especially in the area of unemployment and perennial insecurity that has hindered economic activities in many parts of the country.
“Today is an important date sets aside to celebrate International Youth Day. The importance of this annual celebration according to the United Nation (UN) is to among other things raise voices against any injustice or discrimination and deprivation around the globe against the youth. We as a pressure group want to use this opportunity to call attention to the alarming rate of unemployment which has risen to 35% in the third quarter of 2022 as well as insecurity which has brought to a halt economic activities in most parts of the country. It is our hope that government will act fast to end insecurity and reverse the ugly trend of unemployment in the country”, the statement noted.
The lingering strike by the Academic Staff Union of Universities (ASUU), the group noted has far reaching implications on the future of Nigerian youths and if nothing is done about it, will endanger the mental and social capacity of youth, predisposing them to social crimes and agents of destabilization in the forth coming general elections
“The implication of this unwarranted strike is that for the past six months and counting, Nigerian youths have been idling away at home and the federal government has not considered the damage such failures portend. Not just that future leaders of Nigeria are idle but an idle mind is the devil’s workshop. Criminal elements within the ruling class will quickly recruit and turn them to agents of destruction and crime as the 2023 general elections draw near. This must not be allowed to happen. The federal government must act fast to reverse this ticking time bomb from exploding” the statement urged.
The CSO equally charged the federal government to come out with policies that will encourage the participation of Nigerian youths in the downstream oil sector especially by actively using local artisans in line with local content policy of the federal government insisting that Nigerian youths especially those in the Niger Delta region have what it takes to actively transform the oil sector and end the sad phenomenon of exporting crude and importing refined products which is almost crumbling the economy.
“We are once again calling on the federal government on this occasion of International Youth Day to as a matter of national importance formulate policies which will make the local content law a more practical reality. Our youths are well skilled in oil exploration and even refining. Granting licenses to local artisans and modifying their technology will end the uneconomical policy of importing refined petroleum products at exorbitant rates at the expense of the naira. Such steps will also put an end to youth restiveness in the country and stimulate economic growth”, the statement added.
On the need to inaugurate the Niger Delta Development Commission’s (NDDC) Board, the CSO noted, it is long overdue and the federal government must use this occasion of the International Youth Day to respond to the yearnings of youths in the Niger Delta who are the first beneficiaries and sufferers of both good and bad policy choices in the region, arguing that, NDDC can not continue to run without a substantive Board.
“Mr. President Sir, we are calling on you to use your good office and cause the inauguration of the NDDC Board which was duly constituted but has since not being inaugurated because of the activities of saboteurs. This is not only unconstitutional but a slap on the faces of law abiding Niger Deltans who are looking forward to development massive in the region. Without a Board, corruption is rife in the Commission and the people who are supposed to be served are suffering because of the greed of a few politicians. If nothing is done to bring an end to this impunity, we’ll have no choice but to take up arms and fight for our rights”, the statement concluded.
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