The source of Zamfara State Governor, Dr Dauda Lawal is being queried by the Advocate for Social Justice (ASJ) and called on the governor to provide transparent information regarding his financial disclosures to the Code of Conduct Bureau (CCB).
ASJ also requested the CCB to clarify how it validated the governor’s submissions, particularly the origins of his income.as it accused him of false asset declaration.
Gamji Guana Joseph, the Executive Director of ASJ, in a press conference on Tuesday in Abuja, revealed that their organisation possesses documents suggesting that the current governor of Zamfara state could potentially be among the wealthiest individuals in Africa.
ASJ allegedly confirms $5bn in Gov Lawal’s personal account among several others, displays an astounding balance of $5 billion.
ASJ expressed concern that Zamfara state faces significant challenges related to insecurity, terrorism, and illegal mining, making it one of the most disadvantaged states in northern Nigeria.
Joseph also pointed out that Governor Dauda Lawal had an extensive career in the banking sector, primarily with First Bank of Nigeria, saying “After he left the banking industry in 2014, Lawal, alongside his friend Munir Umaru Baba, started Credent Capital and Advisory Limited, which they launched with an initial capital base of $500 million.
“They claim to have invested & managed over $2 billion for 175+ clients across the world since then. Outside these 2 known career involvements, there is no other known venture he has participated in except politics.”
The group disclosed that the governor declared a total cash deposit in various banks, amounting to $5,013,357,125.13, N1,522,865,024.00, and £841,704.77.
It was gathered that these funds are distributed across multiple personal accounts in GT Bank, First Bank, and Taj Bank, with his corporate account at Credent Advisory Limited having a fixed income of N200 million.
The group expressed scepticism regarding the source of the $5 billion cash balance in one of the governor’s First Bank personal accounts, which is referred to as a fixed deposit.
“These financial inflows, are they through legitimate transactions or dubious engagements on money laundering, fraud, illegal mining or sponsorship of terrorism? Joseph questioned
