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    BMW   DE0005190003

BMW AG

(BMW)
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Delayed Xetra  -  11:35 2022-07-01 am EDT
73.76 EUR   +0.41%
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How Jonathan Fired Stella Oduah Over Bulletproof Car Scandal

05/26/2022 | 03:06am EDT

A former Aviation Minister and Senator representing Anambra North, Stella Oduah, does not have a valid National Youth Service Corps (NYSC) certificate, the service has said.

In a letter replying the request by the Concerned Anambra North Peoples Democratic Party Stakeholders which sought to validate the claim by the Senator that she lost her NYSC certificate, the Director General of the service said even though Oduah was mobilised for national service in 1982/83 service year and was deployed to Lagos State, she absconded after the orientation and never completed the service.

This is not the first time that Oduah will make the headlines for a controversial reason.

In February 2014, Oduah was fired by President Goodluck Jonathan after she was caught in a web of a scandalous purchase of two BMW bulletproof cars for $1.6 million.

Oduah and three other ministers within the Jonathan administration were relieved of their positions on the orders of the President. However, their sack was passed off as voluntary resignation from the cabinet.

The other ministers sacked were, the minister of the Niger Delta, Godsday Orubebe, minister of police affairs, Navy Capt. Caleb Olubolade (rtd) and the minister of state for Finance, Yerima Ngama

In 2013, Oduah had compelled the Nigerian Civil Aviation Authority (NCAA) to pay Coscharis Motors, an auto dealer, approximately $1.6 million for the two BMW bullet-proof cars.

As at that time, the highest cost for each such car in both the US and UK was $267,000 per car.

NCAA disclosed that the two cars were never delivered, compounding a scam by Ms. Oduah who reportedly split the $1.6 million funds.

Copyright Daily Trust. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2022 130 B 135 B 135 B
Net income 2022 14 416 M 14 995 M 14 995 M
Net cash 2022 24 943 M 25 945 M 25 945 M
P/E ratio 2022 3,41x
Yield 2022 8,66%
Capitalization 48 478 M 50 425 M 50 425 M
EV / Sales 2022 0,18x
EV / Sales 2023 0,16x
Nbr of Employees 118 909
Free-Float 57,5%
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Number of Analysts 24
Last Close Price 73,76 €
Average target price 106,12 €
Spread / Average Target 43,9%
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Oliver Zipse Senior VP-Corporate Planning & Product Strategy
Nicolas Peter Group Leader-Corporate Finance
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Chairman-General Works Council
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