Youths question N5bn insurance deal with Jimoh Ibrahim

Posted by News Express | 18 November 2016 | 2,947 times

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A youth group, Integrity Youth Alliance, has expressed concern over an alleged N5 billion Insurance deal between the Peoples Democratic Party (PDP) candidate in the Ondo State Governorship election and the Federal Government, demanding an investigation into the claim.

In a statement issued on Thursday, National President of the youth group, Chidi Nwokedi and its  Secretary General, Tope Timilehin referred to a recent publication by Mail Express Online dated 17th November, 2016 entitled 'How Jimoh Ibrahim Got N5Billion Insurance Deal To Fund Campaign’.

“As concerned future leaders of Nigeria and stakeholders in Ondo State, the Integrity Youth Alliance is hereby calling on the Nigeria Police to come out with the full details of the Insurance deal with Jimoh Ibrahim’s NICON Insurance,” the group said.

The group also demanded to know if due process was followed in the award of the contract considering the fact that NICON Insurance is not healthy “and the owner is a well-known debtor in all his businesses.

“We also want the Nigeria Police to let Nigerians know why Jimoh Ibrahim had more security details than the sitting Governor of Ondo State because we have heard him say he has the country’s security in his palm.

“Why should Jimoh Ibrahim be given the N5 Billion Group Life, Group Assets and Group Personal Accident Insurance deals if not that the Presidency through the Inspector General of Police just used the Insurance deal to channel fund to Jimoh Ibrahim to fund his Governorship election?

"To show that the Inspector General of Police is serious about the deal, he has instructed the FBN Insurance under the leadership of one Mr. Lucas A. Durojaiye not to give other underwriters and brokers’ letter of offer as that will expose the deal with Jimoh Ibrahim.
“We have it on record that the Presidency had to tie the N5 Billion campaign fund to the Police Insurance Scheme so as to drive away suspicion from the public and insiders from the Nigeria Police.

“No wonder Jimoh Ibrahim was boosting that he will win the election. This is a man who has not paid his workers for years, but is spending even beyond what was stipulated by the Electoral Act.

“The same Jimoh Ibrahim that accused INEC of demanding $1 million bribe from him is now the eyes of INEC in Ondo State. Does that mean that Jimoh Ibrahim has actually given them the $1 million?

“We therefore call on the Nigeria Police to furnish Nigerians with the details of the Insurance deal done with Jimoh Ibrahim’s NICON Insurance.

“Also, Jimoh Ibrahim should tell Nigerians how he came about the campaign funds as it is on record that he has not done any fund raising to date.”

•Photo shows Jimoh Ibrahim.

Source: News Express

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