Connect with us

THE NATION

Shekarau back in Court over N900m money laundering charges

Published

on

The Federal High Court sitting in Kano on Thursday adjourned the case of alleged money laundering against former governor of Kano State, Ibrahim Shekarau.

Shekarau was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside former external affairs minister Aminu Wali and one Mansur Ahmad on a six-count charge bordering on conspiracy and money laundering to the tune of N950 million.

When the case came up for hearing, the Judge, Justice Lewis Allagoa, who has just assumed duty at the Court, adjourned the trial till Nov. 19, 20, and 21, 2018.

The judge replaced Justice Zainab Bage who was transferred.

Counsel to the EFCC, Mr Johnson Ojogbane, had earlier told the court that the defendants, between March 26 and 27, 2015, conspired among themselves and received the said amount without going through financial institutions.

He said that the money was issued to the defendants by the Peoples Democratic Party and former petroleum minister Diezani Allison-Madueke.

The prosecutor said that the offences contravened sections 18 (a) of the Money Laundering (prohibition) Act 2011 as amended and punishable under section 16 (2)(b) of the same Act and Section 15(1) of money laundering Act.

The trio had pleaded not guilty to the charges.

Before the adjournment, the defense counsel, Mr Jibrin Okutekpa (SAN) prayed that the court to extend the bail granted to his clients by the former judge in line with Section 163 of the Criminal Justice Act 2015.

The judge acceded to the request to extend the bail before adjourning to Nov. 19, 201 and 21 for continuation of the trial.

NAN recalls that Bage had granted the defendants bail in the sum of N100 million each with two reliable sureties in like sum.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

THE NATION

Communications minister, Pantami hails ICT’s contribution to GDP

Published

on

The Honourable Minister of Communications, Dr Isa Ali Ibrahim Pantami, has hailed ICT’s contribution GDP in the second quarter. In the report released by National Bureau of Statistics (NBS), the contribution of the Information and Communication Technology (ICT) to Nigeria’s Gross Domestic Product (GDP) surpassed that of Oil and Gas in the second quarter of 2019.

The report, released on Tuesday 2nd September, 2019, observed that the country’s GDP grew by 1.94% (year-on-year) in real terms in the second quarter of 2019 compared to the second quarter of 2018, which recorded a growth of 1.50%. Furthermore, the non-oil sector contributed 91.18% to the nation’s GDP in the second quarter of 2019 as opposed to the 8.82% contributed to total real GP by the oil sector. Particularly, the ICT sector contributed 13.85% to total nominal GDP in the second quarter of 2019 which is much higher than the 11.22% contributed in the same period in 2018.

The Honourable Minister observed that the significant contribution of the ICT sector to the GDP is as a result of the concerted efforts of the administration of President Muhammadu Buhari, GCFR, especially the manner in which the implementation of the administration’s Economic Recovery and Growth Plan (ERGP) is being pursued. These efforts, he said, led to a sustained focus on growing the non-oil sector of the economy, especially ICT and the results witnessed are testimonies of impact of these efforts.

The Honourable Minister reiterated the Communications Ministry’s commitment to the economic diversification efforts of the present administration and called on all stakeholders to support Mr President’s laudable initiatives aimed at taking Nigeria to the next level.

 

Continue Reading

THE NATION

FMBN to provide affordable homes for Nigerian workers

Published

on

FMBN CEO, Ahmed Dangiwa

The managing director and chief executive officer of the Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa said the Bank is committed to providing affordable mortgages to drive home ownership among Nigerian workers.

Dangiwa was speaking when the Director-General of the Industrial Training Fund (ITF) Sir Joseph N. Ari and his team paid him a courtesy call in the bank’s headquarters in Abuja.

In a statement, Dangiwa said providing affordable mortgages to Nigerian workers is done through the National Housing Fund(NHF) Scheme into which Nigerian workers both in public and private sectors contribute 2.5% of their monthly income.

“Through the scheme, the bank has continued to provide affordable mortgage to Nigerian workers and construction finance for housing development. Our National Housing Fund (NHF) individual mortgage loan, granted at 6%, is the most affordable in the country” Dangiwa said.

In his response, the Director-General of the Industrial Training Fund (ITF) Sir Joseph N Ari, commended FMBN on the giant strides in reforming the bank under the present management.

Ari said the purpose of the visit was to provide a platform that the two organisations will work together for their mutual benefits.

He called on FMBN to arrange for a sensitisation workshop for the staff of ITF.

Continue Reading

THE NATION

NURTW members protest Oluomo’s emergence as caretaker committee chair

Published

on

Some members of the National Union of Road Transport Workers (NURTW) in Lagos State on Wednesday marched on the premises of the Lagos State House of Assembly in Alausa, Ikeja.

They protested the emergence of Musiliu Akinsanya aka MC Oluomo as the chairman of the caretaker committee of the union.

The protesters carried placards with inscriptions such as: ‘We say yes to union constitution, we want the government to save our soul in Lagos’, ‘We say no to Lagos NURTW, we say no to imposition’, ‘We say no to self-imposition as NURTW Lagos State chairman’, ‘We say no to thuggery in Lagos NURTW’, and others.

NURTW National President Alhaji Tajudeen Ibikunle Baruwa appointed MC Oluomo as the caretaker chairman, Lagos State chapter of the union.

It was gathered that Baruwa issued a statement on Tuesday dissolving the executive committee of the state chapter hitherto headed by Comrade Tajudeen Agbede, who is now Baruwa’s deputy, and replaced it with an 18- member caretaker committee led by MC Oluomo.

MC Oluomo, the chairman of Oshodi branch, Lagos chapter of the union, is one of those contesting for the Lagos State NURTW chairmanship.

Speaking during the protest, one of the leaders, the Chairman of Ojuwoye NURTW branch, Ademola Olanrewaju, alleged that MC Oluomo’s emergence would cause chaos.

“A meeting was held yesterday and after the meeting, it was decided that MC Oluomo should emerge as the chairman of the caretaker committee.

“Directly or indirectly, they are trying to impose him on us because there was fracas in Abuja and both parties were supposed to be dealt with, but MC Oluomo’s group was exonerated.

“What we are agitating for is that we don’t want MC’s government in Lagos State.

“Lagos State has given us the little it can in terms of empowerment, by giving us what to eat.”

At press time, no government official had addressed the protesters.

Continue Reading
Advertisement

Facebook

Advertisement
Advertisement

Trending