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Bailout Fund: Kogi Govt Tackles EFCC, Denies Fixed Deposit In Sterling Bank

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The Kogi State government has denied allegation by the Economic and Financial Crimes Commission (EFCC) that it operated a fixed deposit account with Sterling Bank where bailout funds were allegedly stashed to generate interest contrary to the purpose it’s meant for.

Recall that the EFCC had few days ago obtained an ex-parte order from a Federal High Court in Lagos to freeze the said Sterling Bank Account No. 007357269 allegedly with a total deposit of N19,333,333,333.36, saying the sum of N666,666,666.64 had been misappropriated out of the money in the account by the Kogi State government.

But at a press conference in Abuja on Thursday, addressed by the State Commissioner for Information, Kingsley Fanwo, in company of Commissioner for Finance, Mukadam Asiwaju Idris, the State Auditor-General, Accountant-General, among other senior officials, the State government accused the anti-graft agency of pandering to the whims and caprices of rival politicians in order to score political points.

“The Government of Kogi State has called this Press Briefing to debunk the blatant lies told against her before the Lagos Division of the Federal High Court by the Economic and Financial Crimes Commission (EFCC), amplified in the media by sections of the Press and capitalized upon by shameless political vested interests.

“Gentlemen of the Press, for the records, the Kogi State Government vehemently denies having the sum of N19,333,333,333.36 or any other sum in a fixed deposit account with Sterling Bank Plc as alleged. The Kogi State Government states that it never gave any instruction to Sterling Bank Plc and the said Bank also did not fix on its behalf, any bailout fund or any other funds,” Fanwo said.

He added that, as of the July 23, 2019 when the state government utilised the bailout funds for the payment of salaries and allowances of civil servants and up to August 31, 2021 when the court order was procured by EFCC, it had only N46,000,000.00 cumulatively in the salary and bailout accounts in Sterling Bank.

“The current balance in the said Kogi State Bailout Account  and as of the date of the alleged ex-parte order is the sum of N999,190.50. Accordingly, the allegation that any part of the bailout fund was not used for the purpose for which it was secured is not only patently false, it is malicious and unsupportable by any records, including bank statements relating to all material times.

“That as of the 31st day of August 2021 when the Court Order to preserve the phantom sum of N19,333,333,333.36 was allegedly made, the Kogi State Salary Account No. 0073499012 where the sum of N19,999,000,000 was transferred to since 2019 for the payment of salaries had a credit balance of N44,816,195.24.

“That the allegation that the Kogi State Government authorised the opening of a fixed deposit account wherein it deposited the said Bail out loan of 20billion for the purpose of generating interest for itself is false.

“The Kogi State Government gave no mandate or instruction to Sterling Bank Plc to open a fixed deposit account on its behalf as it could barely meet the salary obligations for which the funds were received at the material time.

“That Sterling Bank Plc by its letter of 1st September 2021 confirmed in writing that the ‘the Kogi State Government does not currently operate or maintain a fixed deposit account with Sterling Bank’.

“Finally, the letter confirmed that account number  0073572696 cited in the alleged order of the Court is ‘an internal (mirror) account operated by the Bank for the purposes of managing the Kogi State Bailout Facility’,” Fanwo stated.

He continued, “This is neither happenstance nor coincidence, but a coordinated hostile action.

“While we are yet to conclude on the EFCC’s motive for this dishonourable act, we cannot but wonder if the ‘new’ EFCC is now lending its machineries for the use of politicians and detractors to tarnish the image of a State that has enjoyed the confidence and commendation of domestic and international partners as a bastion of accountability and integrity.

“Consequently, we urge Nigerians to know that the various news surrounding the alleged conversion of salary bail out funds in Kogi State are fake, the allegations and acts are those of malicious men and women employing the machineries of Government to do the bidding of their seen and unseen allies.

“The Kogi State Government will seek appropriate redress and will resist most vehemently the instant attempt and any further attempt to bring her into disrepute,” Fanwo stated.

Culled from the Leadership News Nigeria

Houston

Membership Interest Soars After Sugar Land People’s Club’s Successful Induction

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Branch considers annual induction as August celebration of prestige, culture and comradeship inspires growing community interest

HOUSTON, TEXAS — Membership requests to the Sugar Land Branch of People’s Club of Nigeria International (PCNI) have risen significantly following its successful August induction ceremony, prompting the organization to consider making the event an annual affair.

Group Chairman, Hon. Prof. Chris Ulasi, confirmed the surge in interest, saying the branch has received numerous inquiries from prospective members since the ceremony that formally admitted 16 new members to the organization.

“The response since the induction has been remarkable. We have seen a significant increase in people asking about membership and how they can become part of the People’s Club family,” Ulasi said. “Many of them attended the event or heard about it afterward and were impressed by the fellowship, dignity, cultural pride, and genuine comradeship they witnessed.”

Ulasi said the development, including a possible change from the current bi-annual induction arrangement to an annual ceremony, would be discussed at the branch’s September general meeting.

The renewed interest in membership comes on the heels of an elaborate induction that attracted national officers, patrons, branch chairmen, members, and guests from across the People’s Club family.

National President, Atty. Fidelis Onyebueke, who presided over the swearing-in of the 16 inductees, described the event as a total success and commended the Sugar Land Branch, PCNI’s First International Branch, for what he called an exceptional celebration of fellowship, culture, service, and unity.

During the formal ceremony, each inductee was invited to the podium to take the membership oath and receive a certificate from the national president, who was assisted by PCNI Attorney Chukwuka John Ukadike.

Beyond the admission of new members, however, the event offered guests a public display of the traditions that have historically defined the People’s Club: prestige, love, service, and comradeship. Those characteristics were reflected throughout the ceremony, from the reception of national officers and interaction among members to the formal induction, cultural presentation, and extended social celebration that followed.

Grand Patron, Ide Obinna Nnanyelugo Mbachu, said the growing interest in membership was an indication that the organization’s values resonated with guests who experienced the event.

“What people witnessed was the character of People’s Club—the love among members, respect for one another, willingness to serve, and the comradeship that brings us together,” Mbachu said. “Prestige is not simply about appearance; it is about how we conduct ourselves and how we treat people. When the community sees those values demonstrated, it is understandable that others would want to become part of the organization.”

The cultural presentation was among the most visible features of the evening. Women members and associates appeared in coordinated traditional attire featuring red-pinkish blouses with matching head ties and white wrappers bearing the PCNI logo. The men wore all-white outfits complemented by customized PCNI cap pins and distinctive PCNI sashes worn as neckpieces.

The coordinated appearance created a colorful expression of Nigerian cultural identity while reinforcing the sense of unity that characterized the gathering.

As the formal program concluded, the ceremony transitioned into an extended social celebration. Members, inductees, and guests shared food and drinks before taking to the dance floor, with music and festivities continuing into the early hours of Sunday.

The presence of members and officials from different branches also gave the ceremony broader significance for Sugar Land, whose status as the First International Branch places it prominently in PCNI’s history outside Nigeria.

For Ulasi, however, the strongest indication of the event’s impact came afterward, as inquiries from prospective members continued to reach the branch.

He said that while the organization welcomes the increased interest, prospective members would be expected to understand the responsibilities and traditions associated with belonging to the People’s Club. “Membership is about much more than attending social events,” Ulasi said. “It is about service, friendship, responsibility, and commitment to one another. Those are the values we intend to preserve as the branch continues to grow.”

The September meeting is expected to consider how the branch will respond to increased membership interest and whether the success of the August ceremony provides sufficient grounds to move to an annual induction schedule. For the Sugar Land Branch, the aftermath of the August induction may prove as significant as the ceremony itself: 16 members entered the People’s Club that evening, but the celebration appears to have inspired many more to seek a place within its ranks.

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Houston

People’s Club Sugar Land Celebrates Landmark Induction of 16 New Members

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National President Atty. Fidelis Onyebueke hails First International Branch for a spectacular celebration of culture, fellowship and service

HOUSTON, TEXAS — The Sugar Land People’s Club of Nigeria International (PCNI), the organization’s First International Branch, has been declared a total success following a spectacular bi-annual induction ceremony that brought together national leaders, branch chairmen, patrons, members, and guests from across the People’s Club family.

National President Atty. Fidelis Onyebueke, who presided over the swearing-in ceremony, commended the Houston branch for delivering an outstanding event that reflected the organization’s enduring traditions of friendship, fellowship, service, and community.

Hon. Prof. Chris Ulasi, SLPCNI Chairman, leads the grand entrance of the national leadership during the induction ceremony, followed by National President Atty. Fidelis Onyebueke and his wife.

“The Houston branch has once again demonstrated what People’s Club represents at its very best. This was a beautifully organized and highly successful event, rich in culture, fellowship, dignity, and unity. I commend the leadership, members, and entire Houston family for an exceptional celebration worthy of the First International Branch.”

The ceremony witnessed the formal swearing-in of 16 new members, each of whom was individually invited forward to receive a certificate of membership from the national president. Onyebueke was assisted in administering the oath by PCNI Attorney Chukwuka John Ukadike.

Group Photo: Women Members and Associates of SLPCNI

The inductees joined an impressive gathering that reflected the diversity and strength of the People’s Club community. Members and guests traveled from various branches across the United States and beyond, transforming the Houston ceremony into a truly international gathering.

The cultural elegance of the occasion was equally striking. Women appeared in colorful, coordinated traditional attire, featuring red-pinkish blouses and matching head ties paired with white wrappers prominently designed with the PCNI logo. The ensemble created a distinctive and dignified traditional look. Men complemented the occasion with elegant all-white outfits, customized PCNI cap pins, and special PCNI sashes worn as neckpieces.

Among those in attendance were Grand Patron Ide Obinna Nnanyelugo Mbachu; Hon. Prof. Chris Ulasi, Group Chairman; patrons and chairmen from various branches, and People’s Club members representing chapters across the globe.

The formal proceedings eventually gave way to an extended celebration of friendship and camaraderie. Food, drinks, music, and dancing carried the festivities well beyond the scheduled program, continuing for hours into the early morning of Sunday.

For the Houston branch, the celebration represented more than the admission of new members. It reaffirmed the historic importance of the First International Branch and demonstrated the continuing strength of People’s Club as a transnational fellowship rooted in Nigerian identity, friendship, service, and mutual support.

The successful ceremony also underscored the organization’s ability to bring generations and branches together while preserving the cultural traditions that have sustained its membership across continents.

By the end of the celebration, Houston had delivered more than an induction. It had delivered a memorable demonstration of unity, culture, friendship, and organizational excellence—an event that fully embodied the People’s Club spirit.

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Houston

Houston Ready as People’s Club National President Arrives for Historic Sugar Land Branch Induction

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Atty. Fidelis Onyebueke’s arrival signals final preparations for the August 22 ceremony as the First International Branch prepares to welcome 17 new members into the People’s Club family

HOUSTON, TEXAS — Final preparations are underway in Houston as the Sugar Land People’s Club of Nigeria International (SPCNI), the First International Branch, puts the finishing touches on what promises to be a landmark evening of fellowship, leadership, and community celebration.

The arrival of Atty. Fidelis Onyebueke, National President of the People’s Club of Nigeria International, has added renewed excitement to the event, underscoring the significance of the Sugar Land branch and its place within the wider People’s Club family.

Grand Patron Ide Obinna Nnanyelugo Mbachu addresses Sugar Land PCNI’s August Conference. Insert: Atty. Fidelis Onyebueke, National President of the People’s Club of Nigeria International.

The organization will hold its 2026 Bi-Annual Induction Ceremony on Saturday, August 22, 2026, from 7:00 p.m. at the Igbo Catholic Community Hall, 8250 Creekbend Drive, Houston, Texas.

Seventeen distinguished men and women are expected to be formally inducted into the organization during the ceremony. The event is expected to bring together People’s Club members, community leaders, professionals, families, friends, and guests from Houston and beyond for an evening celebrating friendship, cultural identity, service, and community.

The arrival of Atty. Onyebueke is particularly significant because the Sugar Land organization is recognized as the First International Branch of People’s Club of Nigeria International.

Group photo during PCNI’s August Conference.

While People’s Club has grown into a broad network with branches in Nigeria, North America, and Europe, the Sugar Land branch occupies a unique place in that expansion. It represents the first international extension of the organization and continues to regard itself as a custodian of the principles established by the founders of People’s Club in Nigeria.

For the branch’s leadership, that history carries both pride and responsibility. Grand Patron Ide Obinna Nnanyelugo Mbachu said that the national leadership’s presence in Houston reinforces the importance of the occasion and the values the organization represents.

“This is more than an induction ceremony; it is a celebration of continuity, friendship, love, and service. The arrival of our National President makes this occasion even more meaningful because it connects our First International Branch directly with the larger People’s Club family. We are welcoming new members into a legacy that must be protected, strengthened, and passed forward.”

Mbachu said the organization’s enduring values remain relevant because they are rooted in the fundamental needs of society: friendship, mutual respect, fellowship, responsibility, and service.

 

From left: Inductee, Hon. Evangelist Philomena Umoh, Chief Executive Officer of BlessedComfort Home; New member, Hon. Shanteria Onyemem, Houston-based entrepreneur.

Among the seventeen inductees is Evangelist Philomena Umoh, Chief Executive Officer of BlessedComfort Home, a philanthropist and titled chief whose work and personal commitment to helping others have touched numerous lives. For Umoh, the forthcoming induction represents both a personal honor and an opportunity to join a community whose values closely align with her commitment to service.

“I am deeply honored and genuinely excited to become part of the People’s Club family. For me, this is not simply about receiving a title or joining a social organization. It is about belonging to a community that values friendship, service, love, compassion, and giving back. I look forward to contributing meaningfully and building lasting relationships.” Her induction adds another dimension to an occasion already defined by diversity of professional experience, community involvement, and public service.

From Left: Hon. Ike Nwokoye; Hon. Prof. Emmanuel Opara; Hon. Basil Mbuba; and Hon. Udoji Achebe.

 

Left: Hon. Sir Charles Eloka Ikebuaku, wife, and Hon. Dr. Chris Ulasi.

Hon. Prof. Chris Ulasi, the Group’s Chairman, said that the ceremony will represent an important moment for both the inductees and the organization. Ulasi said the branch is prepared to receive its new members and celebrate the enduring relationships that have sustained the organization.

“Everything is coming together for what we expect to be a memorable evening. We are excited to welcome our National President and our distinguished inductees. This ceremony is about strengthening the bonds that make our organization a true family.”

The chairman emphasized that membership is not merely ceremonial. According to him, those joining the organization become part of an established fellowship with expectations to participate, contribute, and help strengthen the community.

The August 22 event is expected to combine the formal traditions of induction with the warmth and conviviality for which the Sugar Land branch is known. For an organization rooted in Nigerian cultural traditions but operating in one of America’s most diverse metropolitan areas, the ceremony also represents the continuing evolution of the Nigerian-American community in Houston.

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