Category: Business

  • Ogun revises 2020 budget from over N449b to N280b

    Ogun revises 2020 budget from over N449b to N280b

    The Ogun State Governor, Prince Dapo Abiodun on Wednesday signed Today into law the Revised 2020 Appropriation Bill, which reduced the state’s budget from 449.97 billion Naira to 280 billion Naira.

    In a statement by the Governor, the revision of the Budget which was presented to Abiodun by the Speaker of the Ogun State House of Assembly, Rt. Hon. Olakunle Oluomo, was due to the economic effects of the COVID-19 pandemic.

    “I appreciate our Lawmakers for taking State matters as a priority of office. This, the Executive will work to compensate with a focus on critical sectors that impact positively on our people”, Governor Abiodun said.

  • Ecobank Academy becomes first corporate member of Global Business School Network

    Ecobank Academy becomes first corporate member of Global Business School Network

    A Togo-based Ecobank Academy has made history to become the first corporate member of the Global Business School Network (GBSN).

    GBSN has been building management education capacity in and for the developing world for over 17 years.

    The core of the network spans six continents with more than 100 leading business schools from 50 countries, whose leaders, faculty, and students engage in programmes to improve access to quality, locally relevant management and entrepreneurship education.

    Since its beginning in 1985, Ecobank Group has been committed to economic and social development across sub-Saharan Africa.

    Operating in all regions in sub-Saharan Africa, Ecobank Academy is one of the largest corporate universities in Africa. Each year, Ecobank Academy trains more than 14,000 in 39 countries – 35 in Africa and 4 outside of Africa.

    Both organisations have a shared vision for Africa, to have the talent it needs to generate prosperity.

    GBSN Chief Executive Officer, Dan LeClair, explained that “the aim is to work together over the long term to build a stronger connection between business and business schools—to develop the talent for Africa to achieve what it wants. The space between education and practice holds the greatest potential for innovative solutions.”

    On the partnership, Group Head of Ecobank Academy, Talent and Organisational Development, Simon Rey, said: “It is a privilege to be the first corporate university to join GBSN.

    “We believe practical and just-in-time education are crucial to help solve some of the most pressing challenges and, at the same time, unlock tremendous opportunities to advance the social-economic agenda.

    “We are looking forward to collaborating with other members and together bring world-class capabilities to create and implement solution-driven programs impacting African SMEs, MSMEs, Public Sector, Development organizations, Youth, and other professionals.”

    To mark the start of their formal relationship, GBSN and Ecobank Academy hosted a virtual forum to explore Africa’s changing talent needs. The series commenced with a conversation between Rey and LeClair on July 16.

    Idowu Sowunmi

  • Onyeali-Ikpe to take over from Okonkwo as Fidelity Bank MD/CEO 

    Onyeali-Ikpe to take over from Okonkwo as Fidelity Bank MD/CEO 

    Mrs. Nneka Onyeali-Ikpe is expected to take over from Mr. Nnamdi Okonkwo as the Managing Director/Chief Executive Officer of Fidelity Bank Plc effective January 1, 2021.

    The bank disclosed this on Monday in a notice by the Company Secretary, Ezinwa Unuigboje, to the Nigerian Stock Exchange (NSE) and the general public.

    “In compliance with the bank’s succession policy, the board has approved the appointment of Executive Director, Lagos and South-west Directorate, Onyeali-Ikpe, as the Managing Director/Chief Executive Officer designate to assume office with effect from January 1, 2021.

    “The approval of the Central Bank of Nigeria (CBN) has been obtained for the appointment,” read the notice.

    The statement added that the board has also approved the appointment of the bank’s current Chief Risk Officer, Kevin Ugwuoke, as Executive Director/Chief Risk Officer, subject to CBN’s confirmation.

    The bank explained that Onyeali-Ikpe was appointed to the Board of Fidelity Bank in 2015 as Executive Director and currently oversees Lagos and South-west Directorate, noting that she has led the transformation of the directorate to profitability and sustained its year-on-year growth across key performance metrics.

    “Onyeali-Ikpe has over 30 years experience from Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank Limited, where she held several management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking and Corporate Banking,” the statement said.

    Okonkwo was appointed to the bank’s board in April 2012 as Executive Director and was named Managing Director/Chief Executive Officer on January 1, 2014.

    Idowu Sowunmi

  • CBN demands power to freeze accounts linked to criminals; credit tribunal

    CBN demands power to freeze accounts linked to criminals; credit tribunal

    The Central Bank of Nigeria (CBN) Wednesday demanded statutory powers from the Nigerian Senate to enable freeze bank accounts that are linked to criminal suspects.

    This demand was made on behalf of CBN by the Director, Legal Services, Mr Kofo Salam-Alade, who appeared before a Senate Committee Hearing for a new Act seeking to replace the Banks and Other Financial Institutions Act (BOFIA) of 2004.

    The lawmakers have commenced the process of repealing/replacing BOFIA 2004 with the re-enactment of BOFIA 2020. However, a particular omission in the new bill has the CBN worried.

    In his presentation to the committee, Salam-Alada pointed out that the new BOFIA bill has ‘inadvertently’ omitted a clause that should normally grant the CBN Governor the power to freeze any bank accounts linked to criminals, subject court order.

    In 2004, the BOFIA Act had contained this clause. However, the new bill seeking to re-enact BOFIA does not have it. Interestingly, this new bill has passed its second reading at the senate, meaning that it could soon become law.

    According to Salam-Alade, the clause should be re-introduced into the new BOFIA bill in order not to frustrate the CBN’s fight against fraud and other financial crimes.

    “This omission erodes the powers of the CBN and creates a huge gap in the regulatory and resolution framework. Therefore, we propose that the extant provisions should be reinstated,” Salam-Alada argued.

    Also, the CBN director called on the lawmakers to consider the creation of a credit tribunal saddled with the responsibility of addressing persistent issue of non-performing loans in the banking sector.

    Salam-Alada explained that such tribunal will fast-track the recovery of loans from banks and other financial institutions through the enforcement of rights over collaterals.

    “As part of measures to address the role of nonperforming loans, we propose the creation of a credit tribunal. The overarching objective is to create an efficient regime for the recovery of eligible loans of banks and other financial institutions and enforcement of rights over collateral securities.

    “Several new types of licensed institutions have entered the Nigerian financial services sector since the enactment of the 1991 Act. These include the non-interest banks, credit bureaux, payment system service providers, among others. There is a compelling need to introduce new provisions in the bill to address the unique peculiarities of these institutions”, he said.

    As a matter of importance to the Apex bank, Salam-Alade also raised the issue of intervention, pointing to the committee the omission of  power granted the CBN to intervene and rescue a failing bank in the new BOFIA bill.

  • At Last, FG Hands over National Theatre to Private Investors for Renovation

    At Last, FG Hands over National Theatre to Private Investors for Renovation

    The President Muhammadu Buhari-led Federal Government Sunday handed over the National Arts Theatre complex in Lagos State to the private sector for a complete revamp and modernisation.

    This was coming as Lagos State Governor, Babajide Sanwo-Olu, said the proposed transformation of the theatre complex give Nigeria an opportunity to harness her creative industry, describing the revitalisation of the cultural edifice as a goldmine for revenue generation.

    The National Arts Theatre complex, sitting on an expansive space and an adjoining 134-hectare fallow land in Iganmu area of Lagos, has been abandoned over the years due to mismanagement and non-maintenance.

    Moved by the need to restore the glory of the epicentre of cultural activities in Lagos and turn around its capacity to develop the creative industry, Buhari recently approved the regeneration of the theatre complex through a public private partnership.

    The presidential approval culminated into the official hand over ceremony of the edifice at the theatre complex’s Banquet Hall to private investors led by the Central Bank of Nigeria (CBN) and Bankers’ Committee (a team of private investors) under the chairmanship of the CBN Governor, Godwin Emefiele.

    The N25 billion project, tagged the Lagos Creative and Entertainment Centre, which is expected to be completed in 18 months, would be executed in two phases.

    Phase 1 involves the restoration and upgrade of the National Theatre to its glorious days at a cost of N7 billion, while Phase II would involve the development of the adjoining fallow land at a cost of N18 billion.

    Highlights of the first phase include the upgrade of the theatres (the main halls and cinema halls, conference and banquet halls, press hall and the bar); installation of new seats, upgrade of the sanitary facilities, installation of lifts, acoustics and specialist lightings, as well as replacement of the air
    conditioning, lighting and plumbing.

    Phase II would involve the development of purpose-built clusters to provide world class facilities for Nigeria’s Creative Industry, with the clusters having four hubs: Fashion, Music, Film and Information and Technology (IT) hubs.

    The creative clusters would be supported by other facilities, including multi-storey parking to accommodate 1,000 cars, a Visitors’ Welcome Centre which would house commercial and retail facilities, as well as administration and management offices.

    Minister of Information and Culture, Lai Mohammed, who officially transferred the monument to the team of private investors for regeneration, said the project is expected to be delivered in the next 18 months.

    The minister said the planned restoration and upgrade of the iconic National Theatre would generate about 10,000 jobs during and after the restoration.

    He said: “Please permit me to start off by making a clarification: this iconic National Theatre remains a national heritage and will not be ceded to any person or group, as some have chosen to frame what we are doing here today. What we are here to do is to hand over the National Theatre for restoration and upgrade and the fallow land within the premises to the Central Bank and the Bankers’ Committee for development.

    “The Federal Ministry of Information and Culture holds the keys to the National Theatre on behalf of all Nigerians.

    “The good news is that this project will not lead to a single job loss. Instead, it will create more. Some 6,000 jobs will be created during the construction phase, while the completed project could generate up to an additional 600 permanent and 2,000 to 3,000 call-on/call-off jobs. This is as good as it gets!”

    The minister described the handover of the facility as a “historic day in the annals of the Creative Industry in Nigeria,” describing the project as a win-win for all those involved.

    “For over 40 years, no major renovation work has been done on the National Theatre, while the adjoining land has been lying fallow. Many attempts to restore the National Theatre
    have failed. And the government has no money to restore the complex.

    “As you know, this is the hub of the Creative Industry in Nigeria. The National Theatre was established to encourage the advancement of the performing arts throughout the country; to create opportunities for performing artists of the country as well as to aid the promotion of social development and the improvement of the quality of life. In its present state, it is not living to its billing,” the minister added.

    Recalling the glory days of the National Theatre, Mohammed said the edifice once hosted all Nigerian state government functions and musical extravaganzas such as the late Fela Anikulapo Kuti and Roy Ayers, Skyy, Shalamar, Whispers, Third world and Dynasty; stage events like Wole Soyinka’s adaptation of D. O. Fagunwa’s Langbodo and even Stevie Wonder, who received one of his numerous Grammy Awards at the National Theatre.

    In his remarks, Sanwo-Olu described Lagos State as the centre for innovation, noting that the Centre of Excellence would benefit hugely from the monument’s revitalisation.

    Sanwo-Olu said harnessing the potential of creative industry remained vital to diversifying the national economy and transforming Lagos economy to be 21st Century compliant, adding that a modernised National Arts Theatre would empower innovative youth across the country to develop creative skills in fashion, performing arts, music and Information and Communication Technology (ICT).

    “As the governor of the state where this national monument is sited, it gives me a great sense of joy to see the National Arts Theatre being revitalised. When the conversation around setting up the biggest black heritage started in the 1970s, Lagos was the centre of the discussion.

    “It feels good to see that the conversation around revitalising the monument turning it around for the generations to come is taking place in Lagos. Everyone of us growing up about 30 to 35 years ago knew what the National Theatre stood for. Given that we have had good times in this monument, it would be shame on all of us if we didn’t do what we are doing today and leave this national heritage to die,” he said.

    Sanwo-Olu observed that before the move by the Federal Government to revamp the theatre, Lagos State Government had deployed resources to modernise the areas around the monument, pointing out that the state government built a Light Rail station in the theatre.

    The governor said synergy between the state and federal governmenta in equipping the monument with Light Rail station is an asset that would help in mass transportation in and out of the edifice when the revamping is completed.

    Sanwo-Olu said: “There’s no way we can transform Lagos economy and make it 21st Century compliant if this national centrepiece is not re-engineered to develop our creative industry. Therefore, this revitalisation exercise speaks to our vision in the pillars of our development agenda.”

    The governor assured the investors and the Federal Government that Lagos would be part of every process required to turn around the heritage.

    Emefiele, on his part, said the partnership would transform the monument to a world-class arts and entertainment centre.

    He said the handing over of the theatre to private investors was timely, given the challenges facing the economy that earns revenue from single source.

    The CBN boss added that the nation had the potential to generate annual revenue of $20 billion from creative industry, noting that such could help cushion the effect of instability on the national economy.

    Emefiele thanked Lagos State Government for creating an infrastructure around the monument, pointing out that the rail station would open the theatre up for seamless traffic.

    “Upon completion in another 18 months, this entire area would have transformed into a creative centre which will only be comparable to world-class entertainment and convention centres in this part of the world.

    “Our goal to revamp this National Arts Theatre is to create an environment where startups and existing businesses can be rewarded for their creativity. When the renovation is completed, this monument will support skill acquisition and creation of jobs for over one million Nigerians over the next five years,” he said.

    Also speaking, the Minister for Sports and Youth Development, Sunday Dare, said the partnership was another giant step by the Buhari administration to strengthen the youth and invest in their creativity.

    “I commend the Bankers’ Committee for this new vision to engender a rebirth of millennial economy. A modernised National Arts Theatre will help our young people to hone their skills and divest their energy to create values for themselves and the country,” Dare said.

    The revamping of the monument would be handled by SANEF Creatives Limited. When completely revamped, cinemas of the modernised National Arts Theatre would now have digital screens and modern lighting system.

    Its three exhibition centres and banquet halls would be completely regenerated. It would have a multi-storey car park, ICT incubation centre, cultural and entertainment hubs, including apparel factory, film village, and music hub for young musicians to have an opportunity to record.

    The ceremony was witnessed by Lagos State Deputy Governor, Obafemi Hamzat; the Chairman of the Committee of Banks’ CEOs, Herbert Wigwe; the Permanent Secretary, Ministry of Information and Culture, Grace Isu Gekpe; among others.

    Idowu Sowunmi

  • Explosion kills seven employee at Benin River Valve Station – NNPC

    Explosion kills seven employee at Benin River Valve Station – NNPC

    An explosion at Gbetiokun, OML 40 oil field operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture has killed seven people.

    This was disclosed in a statement by the Nigerian National Petroleum Corporation (NNPC), Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru who stated that the incident occurred on Tuesday during the process of installing a ladder on a platform (Benin River Valve Station) for access during discharging of Gbetiokun production.

    Obateru stated that investigation into the the unfortunate incident, which caused 7 fatalities has commenced. He added that the Department of Petroleum Resources (DPR) has been duly notified and Form 41 was being prepared for the Industry regulator as required in circumstances of this nature.

    The bodies of casualties have been deposited in a morgue in Sapele, while families of the personnel involved are being contacted by their employers: Weld Affairs and Flow Impact, which are consultants to NPDC.

    The Group’s spokesperson stated that all personnel on board the platform had been fully accounted for.

    NNPC Group Managing Director, Mallam Mele Kyari, in his condolence remark commiserated with the families of the bereaved, praying that God grants them the fortitude to bear the irreparable loss of their loved ones.

     

  • BUA targets 14m metric tonnes cement yearly with new factory in Adamawa

    BUA targets 14m metric tonnes cement yearly with new factory in Adamawa

    One of the leading West Africa’s cement companies, BUA Cement, has announced plans to establish a three million metric tonnes cement factory and 50 megawatts power plant in Guyuk and Lamurde local government areas of Adamawa State in the North-eastern region of Nigeria.

    BUA is Nigeria’s second largest cement producer by volume with cement plants in Sokoto and Edo states.

    The company’s newest plant in Sokoto is expected to be operational in 2021. When completed, the Guyuk Cement Plant would bring BUA’s total capacity to 14 million metric tonnes per annum.

    Speaking during a courtesy visit to Adamawa State Governor, Ahmadu Fintiri, at Government House in Yola, the Chairman of BUA Group, AbdulSamad Rabiu, said preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality of limestone deposits.

    He added that BUA Cement is ready to begin the investment in the state, noting that BUA would use new technologies to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing three thousand direct and five thousand indirect jobs.

    The chairman explained that the Guyuk Cement Plant would be the major investment in the North-east by BUA.

    He therefore solicited for support of the governor to set up the factory in Guyuk, pointing out that the company has made a decision to source its raw materials locally and it has invested billions of dollars in various sectors across Nigeria.

    He urged the Fintiri administration to support BUA to actualise the Guyuk Cement project and commended the governor’s achievements within one year in office in many sectors of development despite the economic challenges in Adamawa State.

    In his response, Fintiri said his administration’s effort in exploring local contents has started yielding results and appreciated BUA Group for showing interest in establishing the cement plant in Guyuk.

    He assured the management team of BUA that the state government would make whatever is needed available and provide the necessary support which would create enabling environment so that BUA Cement company in Guyuk would become a reality.

    The governor also expressed readiness of the government to protect the investment once it’s established, assuring that his administration would maintain a good relationship with the company for the benefit of the state.

    Idowu Sowunmi

  • Traffic Advisory: FG May Close Third Mainland Bridge July 24 for Repair Works

    Traffic Advisory: FG May Close Third Mainland Bridge July 24 for Repair Works

    The President Muhammadu Buhari-led Federal Government may July 24 close the popular Third Mainland Bridge in Lagos for repair works.

    This was disclosed on Monday by the Federal Controller of Works in Lagos, Mr. Olukayode Popoola.

    He explained that consultations are ongoing for another phase of repair works to begin on the Third Mainland Bridge on July 24.

    Popoola told the News Agency of Nigeria (NAN) that the consultations were geared towards evolving a perfect traffic management architecture among others.

    “We want to do maintenance work on the Third Mainland Bridge very soon. Most likely from July 24. We may close it from July 24.

    “We are still working out the modalities, and when we perfect the traffic management plan, we will move to the site.

    “Everything being expected for the repairs of the bridge had arrived in the country, that is why we want to start the repairs now,’’ Popoola said.

    Idowu Sowunmi

  • African Development Bank Appoints Wambui as Acting Vice President

    African Development Bank Appoints Wambui as Acting Vice President

    African Development Bank Group has announced the appointment of Wambui Gichuri as Acting Vice President (Agriculture, Human and Social Development) effective July 5.

    Wambui joined the African Development Bank Group in 2018 as Director, Water Development and Sanitation. She currently oversees the bank’s water sector programme of over $ 4.5 billion covering 44 countries and multinational projects.

    Commenting on her appointment, the President of the African Development Bank Group, Akinwumi Adesina, said: “I am very pleased that Wambui agreed to step into this role as Acting Vice President.

    “The Vice Presidency Complex on Agriculture, Human and Social Development has some of our largest programmes and flagship initiatives.

    “With her extensive experience, leadership, people management skills, and strong execution capacity, I am confident that she will help strengthen the team and accelerate execution on critical programmes and initiatives.”

    Wambui supervises two divisions: the Water Development, Coordination and Partnerships, and Water Security and Sanitation divisions, as well as the African Water Facility divisions, a project preparation facility.

    She also leads the development and coordination of the technical programme, manages the department’s human resources and budget and the development of extensive partnership activities.

    Her leadership role includes water sector policy dialogue, strategy and business development, and spearheading innovations.

    Before joining the African Development Bank, she worked for the World Bank where she served in various capacities for 20 years, including 17 years in water resources management, supply, sanitation, irrigation and drainage, with vast experience in Africa, Latin America and the Caribbean.

    Wambui holds a Master’s Degree in Economics from University of Nairobi, Kenya (1988); a Bachelor of Philosophy degree in Economics (1986) and a Bachelor’s degree in Economics and Sociology (1983) from the same university.

  • Finally, US Charges Hushpuppi to Court, Accuses Him of Frauds, Money Laundering

    Finally, US Charges Hushpuppi to Court, Accuses Him of Frauds, Money Laundering

    Government of the United States of America (USA) has finally charged Ramon Abbas Olorunwa Igbalode popularly known as Ray Hushpuppi to court in Los Angeles for allegedly committing frauds and laundering ‘millions of dollars from cybercrime schemes.’”

    The government, in a comprehensive affidavit on Friday by the US Department of Justice, said Hushpuppi carried out business email compromise frauds that targeted US law firm, a foreign bank and an English Premier League soccer club.

    The charges against Hushpuppi compiled by a Special Agent of the Federal Bureau of Investigation (FBI), Andrew John Innocent, was filed before the US Magistrate Judge, Honourable Rozella Oliver.

    Though the affidavit discussed several fraudulent schemes involving Hushpuppi, it failed to disclose the identity of the law firm, foreign bank and the English Premier League club he allegedly defrauded.

    If found guilty, Hushpuppi may end up spending many years in prison in the US.

    The affidavit reads in part:

    “RAMON OLORUNWA ABBAS is a Nigerian national living in the
    United Arab Emirates (the “U.A.E.”), whose social media accounts frequently
    show him in designer clothes, wearing expensive watches, and posing in or with
    luxury cars and charter jets.

    “The FBI’s investigation has revealed that ABBAS finances this opulent lifestyle through crime, and that he is one of the leaders of a transnational network that facilitates computer intrusions, fraudulent schemes(including BEC schemes),1 and money laundering, targeting victims around the world in schemes designed to steal hundreds of millions of dollars.

    “ABBAS participated in these fraudulent schemes and money laundering in coordination with multiple coconspirators, including the persons referred to herein as Coconspirator 1 and Coconspirator 2.

    “This affidavit discusses several fraudulent schemes involving
    ABBAS. First, messages found on the iPhone of Coconspirator 1 (reviewed
    pursuant to a federal search warrant issued in this District) reflect that ABBAS, Coconspirator 1, and Coconspirator 2, with others, committed a BEC scheme that defrauded a victim in the United States of approximately $922,857.76, including 1 BEC fraud schemes often involve a computer hacker gaining unauthorized access to a business-email account, blocking or redirecting communications to and/or from that email account, and then using the compromised email account or a separate fraudulent email account (sometimes called a “spoofed” email account) to communicate with personnel from a victim company and to attempt to trick them into making an unauthorized wire transfer. The fraudster will direct the unsuspecting personnel of the victim company to wire funds to the bank account of a third party (sometimes referred to as a “money mule”), which is often a bank account owned, controlled, and/or used by individuals involved in the scheme based in the United States. The money may then be laundered by wiring or transferring it through numerous bank accounts to launder the money, or by quickly withdrawing it as cash, by check, or by cashier’s check, approximately $396,050 that ABBAS, Coconspirator 1, and Coconspirator 2 laundered while Coconspirator 2 was in Los Angeles, California.

    “Second, ABBAS and Coconspirator 1 conspired to launder funds intended to be stolen through fraudulent wire transfers from a foreign financial
    institution (the “Foreign Financial Institution”), in which fraudulent wire transfers, totaling approximately €13 million (approximately USD $14.7 million), were sent to bank accounts around the world in February 2019. Coconspirator 1 conspired with the persons who initiated the fraudulent wire transfers, and also conspired with a number of others, including ABBAS, to launder the funds that were intended to be stolen. ABBAS, specifically, provided Coconspirator 1 with two bank accounts in Europe that ABBAS anticipated would each receive €5 million of the fraudulently obtained funds.

    “Other communications between ABBAS and Coconspirator 1 indicate
    that, in addition to these schemes, ABBAS and Coconspirator 1 conspired to launder tens, and at times hundreds, of millions of dollars that were proceeds of other fraudulent schemes and computer intrusions, including a fraudulent scheme to steal from an English Premier League football club.
    III. STATEMENT OF PROBABLE CAUSE
    A. Identification of ABBAS.

    “Analysis of Coconspirator 1’s iPhone and other online accounts showed that Coconspirator 1 operated and tasked money mule crews for a number of fraudulent schemes, including BEC schemes and cyber-heists. Analysis also
    showed that Coconspirator 1 communicated with the U.A.E. phone number +971543777711 (“Phone Number 1”) about multiple fraudulent schemes and money laundering. As described below, Phone Number 1 was one of the phone numbers ABBAS used during 2019 and 2020.

    “Based on my review (pursuant to federal search warrants obtained in
    this District) of data from Coconspirator 1’s iPhone and from an online account connected to that phone (the “Online Account”), other law enforcement personnel’s review of that digital data, and from discussions with United States Secret Service (“USSS”) and FBI personnel, I know the following:

    “Coconspirator 1’s iPhone listed Phone Number 1 (+971543777711) with the contact name “Hush.” The phone also contained a contact for Snapchat username “hushpuppi5,” which listed the Snapchat contact name “The Billionaire Gucci Master!!!”

    “Searches of Phone Number 1 and the contact name “Hush” in Coconspirator 1’s iPhone revealed messaging conversations between “Hush,”
    using Phone Number 1, and Coconspirator 1. (For ease of reference, communications with this moniker and Phone Number 1 are referred to as communications with ABBAS in the remainder of this affidavit.)

    “In or around December 2019, April 2020, and June 2020, I reviewed the publicly viewable Instagram account of “hushpuppi” at www.instagram.com/hushpuppi. Based on information available on the profile page, the user of that account made more than 500 posts and had 2.3 million followers as of June 2020.

    “This Instagram account included numerous publicly viewable images
    of a man who appeared to be ABBAS, based on comparisons to photographs of ABBAS in passports and other identification documents referenced below inparagraphs 16.c to 16.c.iv. Hundreds of these images on the Instagram account showed ABBAS in designer clothing and shoes, posing on or in luxury vehicles, wearing high-end watches, or possessing other luxury items, indicating substantial wealth.

    “For example, on June 6, 2020, ABBAS posted a photograph of
    a white Rolls Royce Cullinan that included the hashtag “#AllMine.” On February 27, 2019, ABBAS posted a photograph of himself in front of two vehicles, one of which he described as his new Rolls Royce Wraith. Based on review of publicly available pricing information, the starting price for each of these vehicles is approximately $330,000.

    “More than two dozen images showed ABBAS in front of, on top of, or inside other luxury vehicles, including multiple models of Bentley, Ferrari, Mercedes, and Rolls Royce.

    “On numerous occasions, ABBAS posted photos of himself wearing items and/or holding shopping bags from luxury stores such as Gucci, Louis Vuitton, Channel, Versace, Fendi, and more.

    “On multiple dates, including April 17, 2020, June 19, 2019, and July 1, 2019, ABBAS posted images of himself inside or in front of private jets.

    “Multiple photographs also appeared to show ABBAS posing in locations around the world (such as Dubai and Paris).” and attached.

    Hushpuppi in one of his Luxurious Vehicles

    Luxury displays

    Hushpuppi Passorts