#SGF transparency issues

[baitdragon]

Kewal Ahuja SGF: Fraud Allegations and Financial Mismanagement Exposed

Kewal Ahuja SGF has become the subject of serious allegations of fraud and financial mismanagement. Investors, who were once drawn to the company’s promises of high returns, are now speaking out about being misled. As the investigation into Kewal Ahuja SGF unfolds, concerns about the brand’s financial practices and regulatory non-compliance continue to grow. Here’s what you need to know.

The Appeal of High Returns: How SGF Attracted Investors

When Kewal Ahuja SGF first launched, it quickly gained attention by offering investors high returns with minimal risk. The promise of lucrative rewards in a short period made SGF an attractive business opportunity for both professionals and new entrepreneurs. The franchise model seemed like a quick path to financial success, but as time passed, many investors realized that the reality did not match the company’s promises.

Financial Irregularities: Missing Tax Filings and Unreported Fees

Despite collecting significant sums of money from franchisees, Kewal Ahuja SGF failed to meet its regulatory obligations. The company has not filed important financial documents such as GST returns, income tax reports, and annual filings with the Ministry of Corporate Affairs (MCA). This lack of transparency has raised serious concerns about SGF's financial practices, suggesting possible fraud or fund mismanagement. These failures to comply with regulations have left investors worried about the company’s stability and integrity.

Political Influence: Alleged Suppression of Fraud Investigations

Kewal Ahuja, the founder of SGF, also holds a political position as Treasurer of BJYM Delhi. This has led to concerns about the influence of politics on the company’s operations. There have been claims that Ahuja used his political connections to suppress negative news and prevent investigations into the company’s alleged fraudulent activities. This has raised questions about the ethical practices of SGF and its ability to operate without external interference.

Investor Complaints: Growing Allegations of Misleading Practices

As more franchisees come forward, the scale of the alleged fraud becomes more apparent. Investors report being misled about the expected returns and have raised concerns about the lack of operational support. In some cases, franchisees claimed their businesses were closed down due to SGF’s financial mismanagement. The increasing number of complaints highlights the scale of SGF’s alleged fraudulent activities and suggests that the company failed to live up to its promises.

What Future Investors Should Know About SGF

For those considering investing in Kewal Ahuja SGF, it is essential to approach with caution. Allegations of fraud, financial mismanagement, and regulatory violations are serious red flags. Prospective investors should thoroughly research the company and its financial practices before committing. The failure to comply with regulatory requirements, along with a growing number of investor complaints, should serve as a warning. Future franchisees must carefully assess SGF’s financial health and business practices to avoid potential risks.

[ejesgistnews]

Top Nigerian Newspaper Headlines online Today Wednesday, October 2, 2024. What are the top Nigerian Newspaper Headlines for Today?  Staying updated on the latest developments in Nigeria is essential, especially in today's fast paced world. Here are the top 10 Nigerian newspaper headlines for October 2, 2024, that capture the most significant news across the country.   From breaking stories to in depth analyses, these headlines reflect the top news in Nigeria this morning. Whether you're interested in politics, business, or social issues, these latest Nigerian newspaper headlines will keep you informed. Dive into the top stories in Nigeria today and stay ahead with the latest updates.   The latest Nigerian Newspaper headlines for Today. Here are the detailed top 10 latest Nigerian newspaper headlines for today, October 2, 2024: 1. Nigerian government announces new measures to tackle fuel subsidy fraud: In an effort to combat fuel subsidy fraud, the Nigerian government has introduced new measures aimed at increasing transparency and accountability in the sector. 2. Federal government to review policies on cryptocurrency regulation: The federal government has announced plans to review its policies on cryptocurrency regulation. This move aims to create a more conducive environment for digital currency transactions while ensuring consumer protection. 3. Gas explosion rocks Nigerian journalist’s home, injures two, and leaves a newborn in a coma: A tragic gas explosion occurred at the home of a Nigerian journalist, resulting in injuries to two individuals and leaving a newborn in critical condition. The cause of the explosion is under investigation. 4. Boko Haram Terrorist Surrenders in Borno: A notorious Boko Haram terrorist, Bochu Abacha, has surrendered to the Multinational Joint Task Force (MNJTF) in Kukawa, Borno State. This surrender is seen as a significant breakthrough in the ongoing fight against terrorism in the region. 5. Nigeria Celebrates Independence Amid Economic Challenges: Nigeria marked its 64th Independence Day with a low-key celebration due to ongoing economic challenges. President Bola Tinubu emphasized the need for fiscal reforms and highlighted efforts to boost infrastructure, food security, and support for small and medium-sized enterprises56. 6. Power Supply Improvements Reported Across Nigeria: Over 40% of Nigerians now enjoy 20-hour daily power supply, thanks to recent reforms and initiatives under President Bola Ahmed Tinubu’s administration. This improvement is attributed to various revolutionary measures implemented by the Ministry of Power. 7. Economic Policies Under Scrutiny: President Tinubu’s administration continues to face criticism over its economic policies, particularly the removal of fuel subsidies and the floating of the naira. Critics argue that these policies have exacerbated economic hardship for many Nigerians.   8. Renewable Energy Initiatives Launched: Several new initiatives have been launched to boost Nigeria’s renewable energy sector. These include projects aimed at expanding access to clean energy and achieving a 20 gigawatt renewable energy market within the next decade. 9. International Praise for Nigeria’s Anti-Terrorism Efforts: The international community has praised Nigeria’s efforts in combating terrorism. Significant progress has been made in reducing terrorist activities, and Nigeria’s commitment to international peace and security has been highlighted at various global forums. 10. Senator George Akume Defends Government Policies: Senator George Akume, the Secretary to the Government of the Federation (SGF), defended the government’s policies amidst economic hardship. He emphasized that the administration is working on long-term solutions to address the nation’s challenges.   That is all for today on Nigerian Newspaper Headlines. Click here more Naija News Today. Nigerian Newspaper Headlines photo file

[jayessentialsblog]

SGF Akume: Since 2020, almost $1.5 billion has been spent to combat crude oil theft

Since 2020, the protection of oil infrastructure and the fight against crude oil theft have received approximately $1.5 billion in funding, according to George Akume, Secretary to the Government of the Federation (SGF). During a House of Representatives public hearing on crude oil theft and losses in Nigeria on Thursday, Akume disclosed this information. Akume emphasised the persistent problem of crude oil theft, stressing its negative effects on the security of the country, the economy, and the confidence of domestic and foreign stakeholders. He said "Crude oil theft continues to undermine our national economy, compromise our security, and erode the trust of both local and international stakeholders." The SGF cited the Nigeria Extractive Industries Transparency Initiative's (NEITI) 2020 oil and gas report, which stated that over 619 million barrels of crude oil worth $46 billion were stolen between 2009 and 2020. Akume demanded that the legal system be strengthened in order to ensure that those who steal crude oil face harsh penalties in order to successfully tackle this problem. "There is a need to strengthen the legal framework to ensure that those who engage in crude oil theft are made to face the full wrath of the law," He added. The public hearing highlighted the critical need for comprehensive measures to protect Nigeria's oil infrastructure and curtail the significant losses due to crude oil theft. He stated; “Therefore, Nigeria has continually failed to meet its daily production quota as set by the Organization of the Petroleum Exporting Countries (OPEC). “This not only undermines our revenues but also hampers the provision of essential services that millions of Nigerians rely upon. The government has invested considerable resources in combating this menace. Since 2020, expenditure aimed at addressing crude oil theft and securing our oil infrastructure has exceeded $1.5 billion. “These funds have been allocated towards enhancing surveillance capabilities, securing pipelines, and increasing the presence of law enforcement agencies in critical oil-producing areas. “Thus, this hearing marks a pivotal step in our concerted efforts to confront this issue head-on. It is a demonstration of the government’s unwavering commitment to transparency, accountability, and the rule of law. “Today, we come together not only to scrutinize the extent of oil theft and its implications but also to chart a course for comprehensive solutions that will safeguard our nation’s wealth.” Read the full article

[astrosblogs]

Kewal Ahuja's Franchising Fraud - A Cautionary Tale for Investors of SGF India

Kewal Ahuja and SGF India — Now synonymous with deceit and exploitation

In recent times, the Indian franchising sector has been marred by a series of scandals and scams, with the latest revelation shedding light on the fraudulent activities orchestrated by Kewal Ahuja and his SGF India enterprise. Ahuja’s purported involvement in fraudulent practices has sent shockwaves through the business community, highlighting the vulnerabilities within India’s franchising landscape.

Kewal Ahuja sgf, once hailed as a promising entrepreneur, has now become synonymous with deceit and exploitation. His SGF India venture, which initially appeared as a lucrative opportunity for aspiring business owners, has now been exposed for its deceptive practices and financial misconduct. At the heart of Kewal Ahuja’s fraudulent scheme lies a web of false promises and manipulation. Prospective franchisees were lured in by the allure of success and financial prosperity, only to find themselves trapped in a web of deceit. Kewal Ahuja and his associates in SGF India allegedly misrepresented the profitability and viability of their franchising opportunities, enticing individuals to invest their hard-earned money without disclosing the true risks involved.

One of the most egregious aspects of Kewal Ahuja’s SGF India fraud is the exploitation of vulnerable individuals who sought to fulfil their entrepreneurial dreams. Many aspiring business owners, driven by ambition and the desire for financial independence, fell victim to Kewal Ahuja’s deceptive tactics, only to realize too late that they had been misled and defrauded. Moreover, Kewal Ahuja’s fraudulent activities in SGF India have broader implications for the franchising sector in India. The prevalence of scams and fraudulent practices not only erodes trust and confidence within the business community but also undermines the integrity of the franchising model as a whole. Such incidents deter potential investors and tarnish the reputation of legitimate franchisors, creating a ripple effect that stifles growth and innovation in the sector.

In light of these revelations, it is necessary that regulatory authorities and industry stakeholders take decisive action to address the systemic issues plaguing the franchising sector. Stringent regulations and oversight mechanisms must be implemented to safeguard the interests of investors of SGF India and ensure transparency and accountability in franchising operations. As the spotlight shines on Kewal Ahuja’s fraud activities, it serves as a sobering reminder of the inherent risks and challenges associated with franchising in India.

[thisdaynews]

JUST IN:Amaechi And Reps In Face Off Over $33b Chinese Loan.

New Post has been published on https://thebiafrastar.com/just-inamaechi-and-reps-in-face-off-over-33b-chinese-loan/

JUST IN:Amaechi And Reps In Face Off Over $33b Chinese Loan.

THERE was heated argument at the House of Representatives Hearing Room 028 yesterday between Minister of Transportation Rotimi Amaechi and House Committee Chairman on Treaties, Particulars and Agreement Ossai Nicholas Ossai.

It was during the legislative hearing on the loans agreements signed by the ministry. At issue was an alleged $33 billion loan which Ossai said Nigeria had signed. But the minister denied any such agreement.

The drama unfolded before Minister of Works and Housing Babatunde Fashola and the Minister of Federal Capital Territory (FCT) Muhammed Bello.

Amaechi, who had warned the committee against scrutinising the Chinese loans, repeated his position that Nigeria might lose the opportunity of a loan to fund the Lagos-Calabar coastal rail line and the people of Southsouth will be denied that project because “of the committee you set up to investigate the Chinese loans.”

Ossai (PDP Delta), frowned at the “misconception and misgivings” on the legislative scrutiny of various agreements signed by government officials.

He said: ”We have heard some people ask why we are focusing on only Chinese-related loans and commercial contracts. We will like Nigerians to know that we aren’t focusing on only Chinese loans. From what we know, Nigeria has over 500 bilateral loan and commercial contracts agreements and investments treaties with different countries and institutions.

”There is no way the committee will do a thorough job without segmenting the issues based on countries, institutions, or MDAs. Thus, it must be clearly noted that this is not targeted at only China, neither was it designed to impede the development of the railway sector and other infrastructures.

“But rather to ensure full disclosure, transparency, accountability, utmost good faith, and value for money in both the bilateral loans and commercial contracts agreements entered into by the Nigerian government.

“The loan agreements we have seen so far, show that government officials charged with the responsibility of representing Nigeria were more desperate to just take the loans at any condition, possibly using non-negotiated loan agreements templates rather than go through the rigour of diligent technical review of negotiating specific clauses with clarity and for national interest.

”For instance, it’s a common practice that most international loan agreements would adopt ‘Sovereign guarantee’ and a neutral international arbitration centre as opposed to waiving of our national sovereignty in an omnibus manner; especially in dealing with countries like China, known to possess an absolute state status on their institutions and corporations.

“However, the immunity clauses in most of these agreements before us are not only ambiguous but very obscure. And without recourse to the fact that Nigerian government had issued circular on the subject matter with reference number SGF/OP/S.3/X/ 1737 dated 11th August, 2014 that provided guideline on issues of waiver of sovereign immunity clause during loan and commercial agreements negotiations.

”We expected government officials negotiating and signing these loans to fully comply with this guideline and also ensure that the clauses are couched to clearly reflect same”.

Questioning the rationale behind accepting Hong Kong as arbitration centre for the Chinese loans secured by Nigeria, he said “arbitration centres for bilateral loan agreements are known to be generally on neutral grounds unlike what we have in most of the Nigeria/China agreements where Hong Kong that is also governed by China laws was designated as the Arbitration Centre.

“From our experience, the MDAs sign these commercial agreements in billions of dollars, then go to the President and Federal Executive Council for approval to execute, including securing loan facilities through Ministry of Finance and Debt Management Office (DMO) and then proceed to negotiate the terms of these loans before coming back to Mr. President who then writes the National Assembly asking for approval for billions of dollars to do projects without attaching the negotiated loan and commercial contracts agreement details.

“This approach is the reason we have government representatives signing empty pages of loan agreements repayment schedule and other key documents required for the loan agreements to become effective. We have commercial contracts signed in US dollars, while the loan agreements for the execution of the same contracts were signed in Chinese YUAN currency in Ministry of Communications and Digital Economy/Galaxy Backbone Limited.

”We have noticed from documents available to us that commercial contracts signed by federal ministry of transportation alone is over $33 billion without any clearcut financing arrangements. Most of these commercial contracts agreements didn’t also have local content clauses and more witnessed by none properly designated and authorized officials.

”There are observable issues relating to procurement process, evidence of 15% advanced payments, payment of management fees, drawdown process and remittances and a whole lot of other matters, which we are strongly poised to ask questions on and hopes to get honest answers that will fine tune the current process, plan for possible renegotiation of some these agreements in order serve Nigerians better.

While dismissing the claim of an existing $33 billion contract signed by the Ministry, Amaechi demanded evidence of the contract from the Committee. He said: “Mr. Chairman, if you say that the the ministry has awarded a contract of $33 billion, we would want to see it because the only contract Ministry of Transportation has awarded so far is $1.6 billion for Lagos/Ibadan (rail project).

“The Implication of having a $33 billion contract is that be will have a large number of workers. There is no $33 billion contract in the Ministry of contract. What we have is the $1.6 billion contract awarded under President Buhari and $800 million contract awarded under President Goodluck Jonathan. By the time, the contract signed under President Jonathan had been completed, 80 per cent and so, we didn’t have to do anything about local content or no local content.

“The only one we had to deal with the issue of local content which is the only contract we have for now is the $1.6 billion contract awarded from Lagos to Ibadan of which the Chinese government is providing $1.2 and wed are providing the remaining $400 million. There are over 20,000 workers on that project with only 560 of them being Chinese. We need to begin to say truth to Nigerians.”

Amaechi told the committee that the Lagos/Calabar rail line will not be possible because the House is probing the loan which has not been secured for the project, adding that at the moment, there is no contract because there was no loan.

However, as the interaction began to degenerate into an altercation between the minister and the Chairman of the Committee, the Speaker walked in unannounced and asked that the hearing be adjourned for 10 minutes.

Ossai demanded comprehensive explanation from the Minister on the various loans taken by the government insisting that it was immaterial whether the loan was taken by the APC government or the PDP government, adding that what was important was that the interest of Nigeria and future generation of Nigerians was at stake.

The following discussion took place between the minister and the panel chairman:

Ossai: You submitted an addendum section 16 B (1) under the loan content obligation. Articule 61 (1) stated that the contractor hall develop and submit to the employer, Ministry of Transport for its approval a local content plan for training and engagement of Nigeria labour plan in all aspect of the contractor work. Can you provide the committee the certified copies of the labour plan, training carried out and the beneficiaries and evidence of the number of Nigerians working in all aspect of this project and their Chinese counterpart as provided in that document?

Amaechi: I will give a slight response to your speech and they my response. The slight response is to say that we tried to be more patriotic than we have been.

Committee member: Point of order Mr. Chairman.

Ossai: I have given him the right to speak.

Amaechi: No sir, I have a right to speak. You have invited me and I have a right to speak. I was once a member of a House. So, I have the right to talk.

Ossai: Can you speak to the questions I asked you now?

Amaechi: It is either you allow speak or I stop.

Ossai: I am in charge here and I will observe you when the need arises. The Minister is speaking and I will not observe any other member. Let the Minister finish his speech and I will give you room to talk.

Amaechi: So, Mr. Chairman, the contract awarded by this government is $1.2 billion contribution by the Chinese and the $400 million being contributed by Nigeria. You ask for document and I have said I will provide the details. You talk of training. Over 150 Nigerians are in China to be trained. Apart from that, they have built two training institutions. One in Idu and I will like the Chairman to come and visit. We are also building a university in Daura.

Ossai: Are you aware, Mr Minister of the $11.1 billion Nigeria Coastal Railway project that was signed on 1st of July 2016?

Amaechi: Has the loan been approved?

Ossai: I am asking you. Are you aware?

Amaechi: I am aware, but has the loan been approved?

Ossai: You made a lot of statements initially and you restricted yourself to one. The Commercial contract further stated that the contract further covenant that he shall give priority to the engagement of Nigerian commercial firm for the supply of goods and materials. Can you provide us with records of Nigerians commercial firms currently being engaged and providing services under this contract.

Amaechi: it is important to tell you that the contract was signed as a credit to a loan and we have not gotten the loan because of you and the committee you set up against the China group. That contract is from Lagos to Calabar which covers the whole of the south south. We may not get that loan and so, there is no contract.

Ossai: I am talking about the contract…

Amaechi: Which contract? Do you want to see the south south contract? If you want to, say so. Because you are from the south south. Because of the committee you have set up, we will loss that loan for the project from Lagos to calabar.

Ossai: This issue is not about South south, but about Nigeria and I am serving Nigeria as a legislator. For us to continue to serve our geopolitical zones, this country will not be nice. If zone A get their share, next year, another zone…

Amaechi: I am coming, have you now approached me on south south rail?

Ossai: I have not

Amaechi: You have. Mr Chairman, you have approached me.

Ossai: That is ok. We will degenerate the issue to south south or any other south.

[freelanews-blog]

Beyond the Façade of Ambode’s Probe

By Victor Ojelabi It is no longer news that the immediate past Governor of Lagos State, Akinwunmi Ambode has been undergoing probe by the Lagos State House of Assembly and the Economic and Financial Crimes Commission, EFCC in recent times. It is also no news that there was what in all appearance seems to be a sponsored protest, all part of what seems to be a well-orchestrated plan in Lagos State on Tuesday, September 24, 2019, calling for the probe of the former Governor of Lagos State. No doubt, this is one of the series of intentionally planned persecution and political assaults on the former Governor Ambode in order to rubbish his rich and enviable credentials and pedigree. You certainly don’t need to be Lagosian or vast in politics to ‘see’ what is going on. It will only be an act of feigning ignorance or mischief if anyone living in Lagos State is oblivion of the tremendous and daring but short-lived pro-people policies and program the former Governor Ambode designed and implemented during his four year tenure: 2015-2019. The probes therefore can only be regarded as highly despicable, unjustified, embarrassingly shameful and uncalled-for. A little background here: Amidst the succession politics mid-2018 purely to stop the aspiration of of Ambode to serve a second term in the rank of the state’s All Progressives Congress (APC), he eventually lost the return ticket. However, the era of succession politics has long elapsed. Ambode has even left office since. But on August 27, the post-election politics took another dimension with a raid of Ambode’s Ikoyi and Epe residences by the Economic and Financial Crimes Commission (EFCC). This time, the Speaker of the State House of Assembly, Mr. Mudashiru Obasa constituted an ad-hoc committee to investigate the Ambode administration. Obasa appointed Mr. Fatai Mojeed, a lawmaker from Ibeju-Lekki I State Constituency to head the investigative committee comprising 15 other lawmakers. As part of its mandate, the speaker asked the committee “to look into the procurement of 820 buses scheduled for the state’s public transport.” Aside, he also directed the committee “to probe Ambode’s Light-up Lagos and Imota Rice Mill projects, among others.” With its inauguration, the committee swung into action with the invitation of the the Accountant-General of the state, Mrs. Shukrat Umar. Besides, the committee had questioned former commissioners who served in Ambode’s administration, especially former Commissioner for Budget and Economic Planning, Mr. Olusegun Banjo; his Energy and Mineral counterpart, Mr. Olawale Oluwo and Mr. Toyin Suara, who served as the Commissioner for Agriculture. Now, all these have led to accusations and counter accusations, making and denial of statements among others. This raises more questions than answers, it points to something else. While the House of Assembly, under the influence of leaders of the All Progressives Congress (APC) in the state, would want the public to believe that the need to inculcate transparency and accountability in governance with a view to recoup money allegedly lost through inflated contracts by the former governor was behind the ongoing probe, emerging information reveals that permutations on the 2023 general elections might have accounted for the ongoing actions. It was gathered that the APC leaders were scared that Ambode was “financially loaded” and could scuttle the ambition of Asiwaju Bola Ahmed Tinubu, his estranged political father and APC National Leader, who was believed to be eyeing the presidency in 2023. Ambode, believed to have relocated to France having acquired its citizenship before relinquishing power in May 2019, had allegedly compiled dossiers on his former leader, which he might use to discredit Tinubu and scuttle his presidential ambition ahead the 2023 general elections. Consequently, associates of the APC leader had allegedly vowed that the way forward was to clip Ambode’s wings through a probe into contracts awarded by his administration. At the last meeting of the Governors Advisory Council (GAC), Tinubu was quoted to have lamented that Ambode was planning to release some information to blackmail him, asking those present to warn the former governor against his alleged plan. While the issue of abuse of office might be real as alleged by the Lagos Assembly, Ambode’s ability to scuttle or stand in the way of Tinubu’s ambition, according to a party leader in the state, had continued to be the driving force of actions against the former governor. For instance, when the leaders at the GAC meeting complained about the performance of incumbent governor, Babajide Sanwo-Olu, Tinubu was quoted to have defended the governor, saying Sanwo-olu met an empty treasury and had to seek money from the capital market to embark on projects in the state. True to his claim, the governor sent a letter to the state Assembly last week, seeking approval for a fixed rate bond of N100 billion from the capital market and an internal loan of N150 billion. Babachir Lawal, former Secretary to the Government of the Federation (SGF), who was sacked from office, reportedly said Tinubu was in good standing to become Nigeria’s next president. He said Tinubu possessed the qualities of a good modern president to succeed President Muhammadu Buhari in 2023. “Bola Tinubu is my friend of many years. Buhari is my big boss. Bola Tinubu, without prejudice that he’s my friend, will make a good president. Other issues notwithstanding, he (Tinubu) will make a good modern president because the presidency these days is scientific. Nigerians, by convention, seem to have agreed that there should be rotation of the presidency,” Lawal was quoted to have said. Already in continuation of the Ambode probe with the intention of recovering alleged looted funds, the Lagos State House of Assembly had recently threatened to issue a warrant of arrest against him and four others, who served under him (Ambode) as commissioners. The House had earlier set up two different ad-hoc committees with the responsibilities of probing the purchase of 820 high capacity buses at the cost of N7 billion and the other with the 2019 mid-year budget review. Both ad-hoc committees’ chairmen, Gbolahan Yishawu and Fatai Mojeed, while presenting their preliminary reports, had indicted Ambode, claiming that the former governor refused to honour their invitation to come and explain why he purchased the buses without approval from the House and why funds unbudgeted for were spent by his administration. It was reliably gathered that the lawmakers were ready to do everything possible to bring the ex-governor to book, using every necessary and possible aspect of the law to achieve their aims. A source close to the House of Assembly, who confided in our correspondent, disclosed that the lawmakers were ready to make the former governor face the law. “They have facts on their table and they have everything to nail him. I am not trying to take sides with the members, but the evidences they have against the man are enough to send him to jail. The two ad-hoc committees set up by the Speaker have been sitting and what they have been able to gather from those who have appeared before them are more than enough to land Ambode in trouble,” he said. A day after the lawmakers threatened to arrest Ambode and four other commissioners, who worked with him, one of the ex-commissioners, Wale Oluwo, who served as the Commissioner for Energy and Mineral Resources, wrote to the Speaker of the House, Mudashiru Obasa, explaining that he received no invitation from the members. Also last Tuesday, the ex-Commissioner for Budget and Economic Planning, Olusegun Banjo, who appeared before the committee, indicted Ambode, alleged that as commissioners, they were not carried along in the awards of contracts with due process allegedly breached. To make matters worse for Ambode, Banjo alleged that the purchase of the 820 buses by the former governor was not routed through his ministry. According to him, he became a commissioner in February 2018, and did follow the system he met on ground, which was responsible for shady transactions on the buses that were procured. He said: “The way the ministry is structured, it did not allow us to function well. The N24 billion did not come to my ministry. We didn’t have a running system. As a commissioner, I could not approve one naira. All the MDAs approached the governor directly. He also alleged that there was no provision for the purchase of the 820 buses in the 2018 and 2019 budgets and that no Vote Of Charge (VOC) was issued from his office for the purchase. “I never approved any VOC for it,” he said. On unbudgeted funds, he said, “I don’t know what happens to unbudgeted funds when it comes because the Ministry of Finance does not inform my ministry, we don’t have a running system.” But, Banjo and Oluwo had denied the reports that they indicted Ambode before the ad-hoc committee. One of the lawmakers, who spoke to a newspaper, Sunday INDEPENDENT in anonymity, alleged that towards the end of Ambode’s administration, the former governor embarked on so many projects without lawmakers’ approval. “Most of the last-minute projects Ambode embarked upon, such as the Oshodi Interchange, the buses he purchased at outrageous amount, were not in the budget. He was involved in gross misconduct and misappropriation of funds. “He left many projects uncompleted and today, Lagos seems to be on hold and not working because there is no money for the present administration to spend,” the lawmaker said. When asked to give the actual figure that was misappropriated by Ambode, the lawmaker said, “You know, I am just telling you all these things in confidence. I wouldn’t want us to go there because it is something that can cause chaos in the state. But, we have a committee working on these things and at the appropriate time, Lagosians will hear the truth.” It was yet unclear if Ambode would appear before any of the ad-hoc committees because he was alleged to have obtained French citizenship and might not return to the country anytime soon. “We have it on a good authority that he is currently in France because he has succeeded in obtaining French citizenship. He left the country months ago and has refused to come back because he knows the atrocities he committed are capable of landing him in trouble. “But, we will keep watching to see if he would spend the rest of his life in France,” said another lawmaker who also spoke on condition of anonymity." Read the full article

[osgfcomms-blog]

SGF Unveils Upgraded Website 

SGF, Boss Mustapha charge Government web managers on up-to-date contentsThe Secretary to the Government of the Federation, Boss Mustapha today Monday 21st May 2018 officially launched the redesigned and upgraded OSGF website, http://www.osgf.gov.ng/ with a charge to web managers of Government websites to ensure that the contents are continually updated and kept up to date. He reiterated the commitment of the Federal Government to the full operation of the Freedom of Information Act to engender transparency, openness, engagement, and popular participation of the citizens in the governance process. He emphasised that a major achievement in the redesign project was the revamped e-Participation platform for citizen participation and engagement in governance, which has been integrated with the website. The portal will allow citizens carry out the following: Request for information from Government; Submit an idea to Government; Lodge complaints to Government; Respond to Government; Report issues to Government; and Give compliments to Government.He stated that the new website was in keeping with the need to lead Ministries Departments and Agencies’(MDAs) compliance with the dictates of Executive Order 001 on the Ease of doing Business, particularly relating to the directive for MDAs to host a functional website. He stressed that the functions and responsibilities of the Office Secretary to the Government of the Federation made it imperative for it to have a functional website that would deliver information about the structure, policy thrust and activities of the administration on a daily basis.According to SGF the upgraded OSGF website project therefore has the following three major components: Redesign and upgrade of OSGF website using newer technology platforms (Laravel and October CMS); Capacity development of Web Development Team (Webmasters), Web Content Providers for the Office, and Acquisition and installation of computer hardwareHe stated that In line with NITDA’s Act 2007 and Local Content Guidelines as well as Federal Government’s Executive Orders 003 and 005, the OSGF has obtained a Clearance Certificate from the Agency for the project.He disclosed that arrangements were being concluded to train nodal officers from MDAs who will manage the portal, while the OSGF will serve as the Coordination CenterMajor highlights of the upgraded OSGF website include the following: Home Page; About Us; Offices; Agencies; News & Media; Resources and Contact Us.              He recalled that he old OSGF website did not reflect the status of the OSGF and was characterized with the following limitations: The technology upon which the website was developed was old, hence limited features; Limited security features which made the website prone to hackers; Media files such as video clips were hosted on external server which is contrary to Government policies; the website did not comply with the standards of operationalization of Executive Order 001; There was the need to train and retrain staff in this area, and There was also the need for acquisition and installation of computer hardware for the office.He commended the Permanent Secretaries for actively participating to ensure that their Offices contents were properly captured.  He noted that all Offices were actively engaged in the process leading to the upgrade by their membership of the Web Content Providers CommitteeHe added that the upgraded website has numerous resources that are available to the public for their consumption and the OSGF will not hesitate to publish any material that would assist the public and improve governance. 

[baitdragon]

Unveiling the Allegations: The Controversy Surrounding Kewal Ahuja SGF

Kewal Ahuja SGF, the founder of SGF India, a vegetarian restaurant franchise chain, is at the center of a rapidly growing controversy. Once seen as a promising venture in the Indian franchise market, SGF India has now been marred by allegations of fraud, financial mismanagement, and deceptive business practices. As investigations into the company's operations intensify, troubling revelations continue to surface, casting a dark shadow over its founder, Kewal Ahuja SGF.

The Rise of SGF India SGF India quickly gained traction in the Indian franchise industry, particularly due to its focus on vegetarian cuisine. The franchise promised high returns, solid support for franchisees, and a business model that seemed to align perfectly with India's growing demand for plant-based dining options. This promise attracted many investors, especially young entrepreneurs eager to tap into the expanding vegetarian market.

However, the reality soon began to diverge from the promises made by SGF India and its founder, Kewal Ahuja SGF. Franchisees who were enticed by the brand's supposed potential began reporting losses, and many outlets were forced to close within a year. As these complaints mounted, investigations into SGF India revealed disturbing signs of financial mismanagement and deceptive marketing practices.

Allegations of Fraud and Misrepresentation The core of the controversy surrounding Kewal Ahuja SGF lies in allegations of fraudulent business practices. Many investors have come forward claiming they were misled about the financial health and profitability of SGF India. Franchisees were reportedly drawn in by promises of lucrative returns, only to find their businesses floundering and eventually closing.

The claims suggest that Kewal Ahuja SGF misrepresented the viability of the franchise model, presenting an inflated picture of the company’s success and potential. Many investors have expressed feelings of betrayal as they are now left with significant financial losses and no recourse for compensation. The unfolding investigation into these allegations continues to shine a light on the troubling practices within SGF India.

Non-Compliance and Alleged Fund Mismanagement A further layer of concern has been added by SGF India’s consistent non-compliance with financial regulations. Reports suggest that the company has failed to file GST and income tax returns for the past three years, along with neglecting to meet the necessary filing requirements with the Ministry of Corporate Affairs (MCA). These lapses in financial transparency have raised red flags about the company’s operations and have fueled suspicions of fund misappropriation.

The failure to adhere to these basic regulatory requirements signals deeper issues within the company, including the potential misuse of funds. Investors who placed their trust in SGF India and Kewal Ahuja SGF are now questioning where their money went, given the lack of accountability and oversight.

Kewal Ahuja SGF’s Political Connections and Alleged Influence Adding another layer of complexity to the case is Kewal Ahuja SGF’s political position. Ahuja serves as the Treasurer of the Bharatiya Janata Yuva Morcha (BJYM) in Delhi Pradesh, and some critics have suggested that his political ties may have helped protect him and SGF India from the scrutiny that other businesses might face. While there is no direct evidence linking his political influence to the alleged fraudulent activities, the perception that his political connections may have shielded him from accountability has only added fuel to the growing mistrust surrounding the company.

The Path Forward for Investors As the legal and financial investigations continue, potential investors in SGF India should exercise extreme caution. The mounting allegations against Kewal Ahuja SGF and his company paint a picture of significant risks for those considering investing in SGF India’s franchise model.

For those who have already invested in the company, it is crucial to stay informed about the legal proceedings and to seek professional advice on their next steps. Given the ongoing lack of transparency, it may be wise to consider alternative, more reliable investment opportunities.

Conclusion The controversy surrounding Kewal Ahuja SGF and SGF India serves as a cautionary tale about the importance of due diligence when investing in franchises. As the investigation unfolds, many will be watching closely to see whether Kewal Ahuja SGF is held accountable for his actions. Until then, investors are advised to proceed with caution, as the ongoing issues with SGF India’s financial health and regulatory compliance suggest considerable risk for anyone looking to invest in the brand.

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Unveiling SGF India - The Hidden Costs of Kewal Ahuja's Franchise Ventures

Kewal Ahuja’s name has once again surfaced in the realm of franchising, this time with the closure of yet another restaurant in Sector 10 Dwarka, within a mere six months of its opening. Kewal Ahuja, known for his association with SGF India, has faced mounting criticism as multiple establishments under his franchise banner have shuttered their doors over the past year, all without any public acknowledgment from him.

The closure of the Sector 10 Dwarka restaurant adds to a growing list of failed ventures attributed to Kewal Ahuja and his fraudulent business practices. Despite promising prospects and initial fanfare, these establishments have struggled to sustain themselves, leaving investors and employees in the lurch.

What is particularly concerning about these closures is the lack of transparency and accountability from Kewal Ahuja. While investors and stakeholders grapple with financial losses and uncertainty, Kewal Ahuja remains conspicuously silent, failing to address the issues plaguing his franchising empire.

The pattern of closures raises serious questions about Kewal Ahuja’s integrity and the viability of SGF India as a franchising model. With each failed venture, the reputational damage inflicted upon Ahuja and his brand only intensifies, further eroding trust and confidence in the franchising sector.

Moreover, the closure of multiple restaurants of SGF India within a short timeframe underscores deeper systemic issues within the franchising of this chain in India. It highlights the need for stricter regulatory oversight and greater scrutiny of franchisors to protect the interests of investors and uphold the integrity of the sector.

As stakeholders seek answers and accountability, it is imperative that Kewal Ahuja and SGF India are held accountable for their actions. Transparency and communication are paramount in addressing the concerns of investors and mitigating the fallout from these closures. Ultimately, the closure of the Sector 10 Dwarka restaurant serves as a stark reminder of the risks associated with franchising and the importance of due diligence when entering into such agreements.

Additionally, greater awareness and education initiatives are needed to empower prospective franchisees with the knowledge and resources to make informed decisions. By promoting ethical business practices and fostering a culture of integrity, the franchising sector can regain the trust of investors and pave the way for sustainable growth and development. As investors and entrepreneurs navigate the complex landscape of franchising in India, they must remain vigilant and informed to avoid falling prey to fraudulent schemes like those perpetrated by Kewal Ahuja and SGF India.