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President Jonathan to Strip ex-Convicts of National Honours Awards

By on August 21, 2012

National Honours Awards 2011

President Jonathan has begun steps to strip ex-convicts of the National Honours they were bestowed with before the commission of their crimes.

The move comes after several opposition figures, anti-corruption organizations and even the House of Representatives called for the stripping of the National Honours.

For instance on July 19, the House of Reps passed a resolution asking Jonathan to strip the national honours given former bank MDs who had been tried or convicted for their roles in the collapse of their banks in 2009.

Some of the former bank chiefs who are affected include Cecilia Ibru (former MD of Oceanic), Erastus Akingbola (former Intercontinental Bank MD), and Barth Ebong (former Union Bank GMD).

The report of the House Committee on Capital Markets Collapse endorsed by the House, stated, “That all former bank executives who are recipients of national honours and who are currently being prosecuted for crimes and unethical practices which led to the collapse of their banks be stripped of their national honours by the President and Commander-in-Chief in line with Section 7 of the National Honours Act, LFN and international norms.

“The Economic and Financial Crimes Commission/Independent Corrupt Practices and other Related Offences Commission and the courts should hasten their prosecution to serve as a deterent and to help restore investors’ confidence in the(capital) market.”

Also slated to have their honours withdrawn are a former PDP Chieftain, Bode George who was sentenced to a jail-term in 2009 for improprieties committed when he was the Chairman of the Nigerian Ports Authority.

Former Inspector General of Police, Tafa Balogun is also slated for stripping for his conviction of money laundering charges in 2005.

3 Comments

  1. matth

    August 21, 2012 at 9:27 am

    The likes of Ibori, DSP Alams & co should not be left out.

  2. Olugbemi Olutola

    August 21, 2012 at 2:41 pm

    Read this and money will never be your problem again. Click here: http://www.topsecretsyoumustknow.com for more information.You will be surprised for not to have known this since because you have missed a lot.

  3. gostod4

    August 21, 2012 at 6:54 pm

    It’s so important and very necessary so as to ensure some degree of sanity and credible leadership towrdas confidence in the mind of investors both local and international