A company, Cynotrust Intelligent Systems Ltd, linked to the Director-General and Chief Executive Officer (DG/CEO) of National Information Technology Development Agency, Mr. Kashifu Abdullahi Inuwa has, in one swoop received a total of N264,000,000 (Two Hundred and Sixty Four Million Naira only) from Regent Micro Finance Bank Ltd into its United Bank of Africa UBA Account Number (withheld) domiciled with UBA Branch, No 24 Mediterranean Street, Maitama Abuja, LeadingReporters can authoritative reveal.
Cynotrust Intelligent Systems Ltd was floated in 2016, the same year Mr Inuwa was appointed Aide to the then Director General of NITDA, Sheikh Pantami Ali who is currently the Minister of Information and Digital Economy.
According to discreet information availed LeadingReporters, the suspicious lodgment was on 19th October, 2018 in tranches of N12million, into 12 different times, totaling N264m. Investigation by LeadingReporters revealed that the Company has an affiliate, registered in London, the United Kingdom.
Furthermore, investigation further revealed that Cynotrust Intelligent Systems Limited which the NITDA Boss is a director holds shares in another Company registered as Epiphyte Nigeria Limited, with registration Number RC 1405422.
Cynotrust, as well as its proxy-affiliates, according to a discreet source has been used to execute series of contracts in NITDA, which contravenes the Federal Government Policy that a public office holder must not hold shares or stake in any other profit-making company, except it be for companies with agricultural, and educational objectives.
A source who spoke to LeadingReporters on condition of anonymity said that Cynotrust is one of the eight companies that have served as a conduit for some top functionaries of the agency.
Investigation has revealed that most public office holders own and operate companies, using proxies, through which they fleece government through contracts mostly. A case in study is the suspended Deputy Commissioner of Police, DCP Abba Kyari who investigation has allegedly revealed is linked to forty eight companies with which some nefarious financial activities were executed.
All attempts to reach the DG of NITDA to address the allegations were unsuccessful as at the time of this publication as his known line was switched off.