OPEN LETTER TO THE
PEOPLE'S COURT THE TRUTH OF THE MATTER THE CONSPIRACY BETWEEN ECONOMIC
FINANCIAL CRIMES COMMISSION (EFCC) AND BANKS ON THE COURT JUDGEMENT OBTAINED BY
CASH FLOW ON A CASE INSTITUTED AGAINST THE EFCC/THE NIGERIAN POLICE
Let me use this medium to express my utmost
grievance and disappointment with EFCC and the Nigerian Police in dishonouring
the court judgment of the Federal High Court on the case filled by Cash Flow
ABI Network Ltd and its chairman, Philemon Gora against EFCC and the Nigerian
Police. By law, Cashflow Abi network Ltd was registered since 2011 with CAC and
having its headquarters in No: 21 Apollo Crescent, Jos, Plateau state with
physical branch offices in kaduna, Lafia, Owerri, Enugu, Lagos , Ibadan,
Abakiliki, Gombe, kano, Uyo, Sokoto, Ilorin, Ibadan and kebbi. The same company
had applied to Security and Exchange Commission (SEC) as funds portfolio
manager and investment adviser but yet to receive approval for the process is
ongoing . We could recall that sometimes ago the Security and Exchange
Commission (SEC) had filled a petition to the Inspector General of Police
(IG-P) and the Economic Financial and Crimes Commission (EFCC) to investigate
the business activities of Cashflow ABI Network Ltd. and its Chairman Philemon
Gora for allegedly running an illegal financial institution. EFCC directed all
corporate bank accounts of Cashflow Abi Ltd and that of its Chairman to be
frozen with all depositors /investors funds trapped. Cashflow and its Chairman,
Philemon Gora then instituted a case in court in suit N0: FHC/ABJ/CS/7/2013
against EFCC and the IG-Police. A judgement was made in the above suit
mandating the applicants (Cash Flow ABI Network Ltd and Philemon Gora) and the
defendants (the EFCC and the IG-P) to setup a committee with the purpose of
unfreezing the accounts of the applicants and refunds of deposits to
clients/investors of Cash Flow Abi Network Limited. The court based its
judgement on the overriding interest of the public and the poor investors who
were mainly peasants investing their life serving in the scheme. The court also
understood the social and security breaches that may ensue should such
investors loose their investments/Money. The executive Directors confirmed that
there is enough money in the frozen banks accounts to pay the clients of Cash
Flow ABI Network Ltd,however efforts of the Board of Directors of Cashflow to
liaise with EFCC to implement the court judgment in order to ease the suffering
of the poor investors of this company prove abortive and fell on the deaf ears
of the EFCC for the past four years. EVENTS ON THE BURNER: Recently, the
Economic and Financial Crimes Commission, EFCC on July 11 2016, convicted
Pastor Emmanuel Markus Anga and Atin Victor Generous before Justice Abubakar
Jauro of Gombe State High Court for five hundred thousand naira (N500, 000.00)
that was invested in Cashflow Abi Ltd. This is part of collateral damage done
to staff by aggrieved investors. Other staff of Cashflow Abi network Ltd. are
suffering intimidation, physical abuse and threat to life by aggrieved
investors of the scheme. The continuous action of the EFCC by not implementing
the court order may generate into security issues of unimaginable scale. Let us
be reminded that a Federal High Court had also on 1st March 2013 given a
restraining order to SEC, EFCC and ICPC not to molest or intimidate Philemon
Gora and his software company from carrying out their legitimate business. That
order has not been vacated till date. It is pertinent for us to know that
Philemon Gora is an online trader, a financial analyst and expert in financial
technology. He is a shareholder in BITQUENCE, a globally accepted online
platform for financial transaction exchange. The public should also be aware
that there were fraudulent and illegal withdrawal of monies in bank accounts of
Cash Flow ABI Limited and personal account of Philemon Gora after EFCC had
frozen the accounts. How can monies be withdrawn in accounts that are
supposedly frozen by EFCC? I believe these fraudulent activities were carried
out in connivance between staff of the bank and relevant government security
agencies. I therefore seek the attention of the Press,The public courts ,Human
and Civil rights advocates to please help us investigate and make enquiry into
these activities through bank statements from these accounts to ascertain
individuals behinds these frauds. Another issue is the summoned on cases of
garnishee order. The conspiracy of blocking the monies of peasant investors is
barbaric ,devilish and inhuman .If the bank should block these monies, how will
the so-called garnishee order benefit thousands of investors who are waiting to
receive their investments? I demand the so-called garnishee order be made
public. The Presidency under which all Federal agencies are supervise including
the EFCC should ensure that she grant access to Cashflow accounts so that poor
investors will be settled. I can confidently say that more than 600,000
Nigerians who directly or indirectly depend on the investors will have their
hope restored if government agencies will comply with the court order so that
investors of Cash Flow will be paid. I will continue to do my best in growing
the economy. Attached are copies of court judgement for your conviction.
Engr.Dr Philemon Gora Chairman CASHFLOW ABI Nig Ltd.
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