Rivers: Man Bags Six Months Imprisonment For Currency Racketeering

The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC,has secured the conviction and sentencing of Azubuike Mamwu Obasi before a Federal High Court sitting in Port Harcourt, Rivers State presided over by Justice P. I. Ajoku for currency racketeering.

Obasi’s sentence was sequel to a four-count charge bordering on illegal acquisition of bank notes and carrying out banking services without an appropriate licence.

The convict acquired and retained the cumulative sum of N554,600, which he used in carrying out banking services without a valid licence, thereby committed an offence contrary to Section 18 (1) and (2) (d) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 18 (3) of the same Act.

Obasi’s journey to the Correctional Centre started when he was arrested for currency racketeering by operatives of the EFCC and was later charged to court and convicted.

The defendant pleaded guilty to the charges preferred against him by the EFCC when they were read to him in court.

Justice P. I. Ajoku found him guilty as charged and sentenced him to six months in the Correctional Service on count one to four with an option of fine to the tune of N100,000, payable into the Consolidated Revenue Account of the Federal Republic of Nigeria.

A statement by Dele Oyewale, Head, Media & Publicity, EFCC on Sunday, disclosed that the sentence of the convict would run concurrently with effect from the date of arrest.

The court also gave an order forfeiting to the Federal Government of Nigeria the sum of N554,600, N20,0000 new bank notes and the POS device recovered from the convict.

Besides,the sum of N35,000 paid into the Access bank account of the convict by an EFCC covert operative was forfeited and returned to him. The court also ordered the convict to also depose an affidavit of good behavior.

One of the charges reads, “That you, Azubuike Manwu Obasi, on or about the 15th day of February, 2024, at Port Harcourt, within the jurisdiction of this Honourable Court, acquired and retained the cumulative sum of N554,600.00 which you knew or reasonably ought to have known, forms part of your unlawful acts, selling or trading in Naira notes and carrying on banking business in Nigeria without a valid licence, and thereby committed an offence contrary to Section 18 (1) and (2) (d) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 18 (3) of the same Act.”

In view of the plea of the defendant, the prosecuting counsel, E. K. Bakam prayed the court to convict and sentence him accordingly, while the Defence counsel, B. E. Onuoha, who did not oppose the prayers of the prosecution, urged the court to temper justice with mercy, maintaining that the defendant was a first time offender with no previous criminal records.

Ramadan: Kebbi Govt Didn’t Pay Electricity Bills For Customers,Says Kaduna Electric

Mohammed Shosanya

The Kaduna Electric,says Kebbi state government didn’t pay the company for electricity supply in favor of individual customers during the holy month of Ramadan.

Abdulazeez Abdullahi,Head, Corporate Communication,who gave the clarification in a statement enjoined the customers to pay their bills promptly during the period.

He added:”Our esteemed customers in Kebbi State are therefore expected to promptly pay for the power they have consumed monthly as has been the case. The bills for the month of February have been distributed, and customers are expected to pay in full to avoid disconnection”

The company also clarifies its ongoing partnership with the Kebbi State Government towards the improvement of power supply to the state during the holy month of Ramadan and beyond.

According to the statement,the Executive Governor of Kebbi State, His Excellency, Governor Nasir Idris, alongside some key government officials and advisers invited the management of Kaduna Electric, led by the Managing Director, Umar Abubakar Hashidu for a meeting to actualize the plan of delivering improved electricity supply to Kebbi State.

It said,despite the numerous challenges of poor generation, the Birnin Kebbi Transmission Station fire incident and the general lack of payment for the electricity consumed by customers, the management of Kaduna Electric resolved to work with the Kebbi State Government to improve power supply to the state by utilizing the Service Based Tariff (SBT) mechanism introduced by the Nigerian Electricity Regulatory Authority (NERC).

The SBT entails the allocation of power supply to different feeder bands with corresponding tariff reclassification in accordance with the more hours of electricity supply enjoyed by customers.

It added:”After a joint analysis of the status of electricity supply for the feeders in Birnin Kebbi, an agreement was reached to improve electricity supply from the previous average of 6 hours daily to an average of 12 hours daily, with selected feeders grouped into three categories that are allocated 16 hours, 12 hours and 8 hours on a daily basis.

“It is pertinent to note that the improvement in electricity supply was supposed to lead to a tariff increase for the customers in Birnin Kebbi in accordance with the definite hours enjoyed. However, the Governor in his magnanimity agreed to partly pay for the differential as a subsidy and support for the Ramadan period.

“As a gesture of goodwill, the Governor of Kebbi State has also settled all the outstanding debt owed Kaduna Electric for the electricity consumed by the Ministries, Departments and Agencies (MDAs) of the state, he has committed to promptly settle the monthly bills of the state government going forward and also promised to invest in power infrastructure that will improve the availability, quality and reliability of power supply that will enable industrialization and economic development in the state.

“In a different vein, the Governor has also promised to devise strategies to engage the public, the traditional institution and other community leaders to partner with Kaduna Electric to devise effective strategies that will make the residents of Kebbi State treat the payment of their electricity bills as a civic duty that will make Kebbi State be categorized as a viable state that will encourage Kaduna Electric to sustain electricity supply to the state”.

Maid Who Killed Ondo Civil Servant Mentally Ill-Police

Mohammed Shosanya

More facts have emerged on the reason a 17-year-old girl stabbed dead her mistress, Mrs. Florence Funmilayo Adebayo, a civil servant, along Oda Road, Akure, Ondo State.

A fresh statement signed by spokesperson to the state Police Command, Funmilayo Odunlami-Omisanya, a Superintendent of Police(SP), indicated that the Police had taken the culprit to a psychiatric hospital for examination.

The hospital affirmed that the culprit had been admitted in the hospital and treated for mental imbalance but was later discharged for the deceased to look after her.

The Police has also revealed her name as Omowunmi Aduloju and that she’s a niece to the deceased.

According to the Police report, which was made available to newsmen in Akure on Sunday, “On Sunday 17th, of March, 2024, the police was informed about the death of a woman in her mid 50s in her home with her body already decomposing.

“The Police took the remains to the morgue and during clean up, a mark of violence ( stabbing) was observed while a knife was also found at the scene of crime.

“Preliminary investigation revealed that the deceased lived with her niece Omowunmi Aduloju aged 17 years who suddenly disappeared and locked the door. The stench oozing out of the house attracted the residents who notified the deceased sister.

“The sister on arrival peeped through the window and saw the body on the floor,hence police was informed. The corpse at a decomposing state was removed for preservation.

“The teenager was later arrested by the Police and was interrogated on what happened to her foster mother.

“The suspect said she stabbed and locked her up in the house her because she was always disturbing her to use her medication.

“Family members claimed the young girl had been under her late Aunt’s tutelage since she was 6 years but developed mental illness in 2023 and was admitted at a psychiatric hospital in the state. The young girl was discharged and handed over to the late woman to continue to monitor her.

“The psychiatric hospital where she was treated confirmed this claim by providing the Police with her medical history.

“Suspect is currently in Police Medical facility for safe keeping to avoid injury to herself and others.”

Hardship:Tinubu Shuns Birthday Celebration,Begs Friends To Donate To Charity Homes

President Bola Tinubu,has asked well wishers not to mark his birthday with pomp and ceremony .

The President will turn 72 on Friday March 29, 2024.

Tinubu,who spoke through his aide, Bayo Onanuga, Special Adviser on Information & Strategy on Sunday, said the day will be another important milestone in his life as a leader and a statesman.

According to the President, it is not unusual that during an auspicious occasion as this, it is customary for family members, friends and associates to celebrate him in different ways.

But,as the leader of our country, President Tinubu in deference to this challenging times will not host any birthday event and does not want any of his associates and numerous well-wishers across the country to organise any celebratory event on his behalf or in his name.

Onanuga said, “the President appreciates the honour of being the leader of Africa’s leading nation at this time and he is working very hard to make life better for the generality of our people.

“Because of the present mood of the nation and recent killing of the officers and men of our Army and Police in Delta State and recent spate of security breaches by criminal elements in different parts of Nigeria, there should be no form of birthday event and placing of birthday goodwill advertorial messages in newspapers. Goodwill messages should not be placed on radio and television stations too.

“He enjoins friends and associates who may wish to place goodwill advertorials to kindly donate the money to charity organisations of their choice in his name.

“Although the President appreciates the gallantry of our armed forces in freeing our children kidnapped in Kuriga, Kaduna State and in Sokoto State, he will use the opportunity of his birthday to reflect and re-dedicate himself to the task of building a more stable, more secure, virile, prosperous and united Nigeria”.

Bauchi: Four Women Die In Zakaat Collection Stampede

Mohammed Shosanya

No fewer than four women have been confirmed dead at the venue of the distribution of Zakaat by a Bauchi based philanthropist, the Chairman of AYM Shafa group of companies.

According to reports, crowd, including women had gathered at the Jos road headquarters of the Company as early as 7am on Sunday for the distribution of the Zakaat items.

It was gathered that the exercise started smoothly as the beneficiaries were called in groups to received the items until the others became restless and apprehensive leading to struggle to get in to the main premises.

In the process,astampede ensued as the women tried to force themselves inside while in the process, many of them fell on the ground and were trampled upon leading to the casualties.

They were rushed to the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), Bauchi for medical attention where those who died were confirmed dead.

Confirming the development, State Police Command PPRO, SP Ahmed Wakili said that the Command received a distress call from ATBUTH on the people being rushed there for medical attention

According to him, “On receiving the distress call, the Commissioner of Police, Auwal Musa Mohammed immediately directed for urgent action directing for mobilization of personnel to the scene for action.”

“On getting to the scene, the Police operative joined in the rescue operations, cordoned off the area in order to prevent further casualties while the exercise was stopped.”

“The victims were rushed to the ATBUTH unconscious after which a Medical Doctor confirmed that Four of them were dead. Others including a 17 year old girl are currently receiving treatment at the hospital” The PPRO said .

According to him,the Command frowns at such development which put the lives of people at risk considering the present economic situation in the country.

He added that the Command is appealing to individuals and organisations that have plans of embarking on such to adequately inform the Command in order to mobilize personnel to the venue for effective crowd control.

All efforts to get official confirmation and reactions from the management of AYM Shafa on the development proved abortive.

New Legislation To Promote Local Content In Power Sector Underway,Says Adelabu

Mohammed Shosanya

The Federal Government,has revealed plans to introduce legislation mandating local content in the nation’s power sector.

Mr Adebayo Adelabu,the Minister of Power,spoke at the weekend in Ogun State,where he also emphasized the necessity of comprehensive plans for full backwards integration and technical training.

He assured support for local manufacturers investing in domestic production during a working visit to Momas Electricity Meters Manufacturing Company Ltd. (MEMMCOL), Mowe, Ogun State.

He said: “That is the only way local producers can be sustained.But, we need to start developing capacity in terms of investment infrastructure and also ensure mass production.

“We need to develop local capacity to avoid importation.We must have comprehensive plan for full backward integration, so that the locally manufactured products will be achieved.

“We need to start training our people in technical training.”

He outlined the Presidential Metering Initiatives’ target of installing two million to 2.5 million meters annually over the next five years.

Commending MOMAS for its contributions to bridging the metering gap, Adelabu stated, “MOMAS remain our proud local meter manufacturing company in Nigeria. Its investment in metering and other electrical equipment is topnotch.

“I visited the meters manufacturing company to see how they can be supported.lt’s part of my visit to see how they can be supported through the meter expansion programme of the Ministry of Power.

“We know that Nigeria is highly import dependence country, this are one of the reason our currency has lost values.lt one of the intention of government to ensure we are back on import substitution journey.

“The only way we can do this is to support local manufacturers, apart from support.

“We must also incentives them by providing conducive atmosphere that we make their production activities in terms of cost to be competitive,” Adelabu said.

He acknowledged MOMAS’s huge investment in metering infrastructure and emphasised the importance of creating a conducive environment for local manufacturers to thrive.

Adelabu promised to engage with regulatory bodies to expedite meter acquisition plans,underscoring the urgency of addressing the widening metering gap.

He implored other Nigerian businesses to emulate MOMAS’s dedication to local content development, emphasising the government’s commitment to promoting self-reliance and reducing dependence on foreign goods.

“We must also incentivised them by providing conducive atmosphere that we make there production activities in terms of cost to be more competitive,” Adelabu said.

He said the Ministry was impressed with the huge investment in metering installations and metering accessories at MOMAS factory, saying, the Chairman is a patriotic Nigerian.

“I have seen production process of meters and l am impressed with the local content of MOMAS.

“I never believed they had such facilities and technology know-how.Over 80 per cent of there production are done locally. This is commendable and impressive,” he said.

Adelabu promised to discuss with the Nigerian Electricity Regulatory (NERC) on how to accelerate meter aquisation plans.

Speaking,Mr Kola Balogun, Chairman of MOMAS, expressed appreciation for the minister’s support and stressed the need for sustained government commitment to local industries.

He highlighted MOMAS’s capability in meter manufacturing and called for increased government support to facilitate raw material procurement and potentially explore export opportunities.

He said that there is need for more of such commitments from government to develop local capacity in power sector.

He added:”Because we can take advantage of the new Africa doctrine of exporting, so, that local manufacturers can export to other part of Africa countries.

” We design meters from scratch and that capability not in doubt because we complied with all the various standard that Nigeria as set and also global best practices in terms of design.

“Virtually, all Discos are our partners, we also supply meter to Liberia, Sierra Leone and others African countries, but the volume Nigeria needed supersedes any volume in Africa.

“The local patronage is still very much needed to be able meet up the investments threshold that qe have done in the country today”

Return Funds Recovered From Banks’ Frauds,NDIC Tells EFCC

Mohammed Shosanya

The Nigeria Deposit Insurance Corporation, NDIC, has asked the Economic and Financial Crimes Commission, EFCC, to return funds recovered from banks’ fraudsters to the corporation.

Its Managing Director of NDIC, Mr. Bello Hassan,made the request when he visited the commission’s headquarters in Abuja,according to a statement by Bashir Nuhu, Director of Communications and Public Affairs.

The statement said,the NDIC boss called for enhanced collaboration in the recovery of depositors’ funds to ensure that liquidation dividends are paid to depositors, whose monies were lost as a result of bank failures.

“He, therefore, solicited for the return of recoveries made by the EFCC on behalf of the NDIC to the Corporation’s coffers to facilitate the timely reimbursement of depositors,” the statement read in part.

The NDIC boss assured the EFCC of his commitment to ensuring that those who were responsible for the failure of banks were properly investigated and prosecuted.

Besides,Mr. Hassan explained that the NDIC played a critical role in combatting financial crimes within the banking sector through its mandate, which includes bank supervision and liquidation of licensed banks.

He added that the ultimate objective was to protect depositors’ funds and ensure the stability of the financial system.

He commended the EFCC for its relentless efforts in the fight against corruption and financial crimes and its role as a key member of the task force on the Implementation of the Failed Banks Act chaired by the NDIC.

Mr. Hassan said the existing partnership between the two organisations which led to 10 high-profile cases referred to the Commission currently under investigation should be strengthened.

The EFCC Chairman, Mr. Ola Olukoyede,emphasized the interconnection between criminal activities and bank failures, urging NDIC and the Central Bank of Nigeria, CBN, to intensify oversight to prevent the risk of bank failure.

He pledged the EFCC’s commitment to deepening collaboration and synergising efforts in combating financial crimes, thereby safeguarding the integrity of Nigeria’s banking sector.