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Corruption: Prosecutor stalls trial of ex-AGF, Judge adjourns till August 13

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A file photo of former AGF, Mr Mohammed Adoke.

The trial judge, Justice Iyang Ekwo of the Federal High Court, in corruption case against ex-Attorney General and Minister of Justice, Mohammed Adoke has adjourned proceedings due to late filling of amended charges and failure to serve the defendants with the proof of evidence and statement of the witness.

The failure of the prosecutor according to the trial Judge, to serve amended charges against Adoke, who was arraigned alongside an Abuja based businessman, Aliyu Abubakar, was thereby stalled.

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Magu Probe: FCMB mistakenly transferred ₦573m to Prophet Omale – Bank MD

During the last sitting, the former Minister and Abubakar pleaded not guilty to a 14-count charge filed against them bordering on money laundering.

In June, the Economic and Financial Crimes Commission (EFCC) had filed an additional seven charges against the former AGF over money laundering allegations involving about N400 million.

The trial, which was expected to begin last week but stalled due to the amended charges, bordered on an initial charge of seven counts, with six of them relating to ex-Minister Adoke.

Earlier in the proceedings today, the prosecutor, Bala Sanga, disclosed to the court of an amended charge he filed on July 29 which was served on all the defendants.

In the former seven counts, the EFCC alleged that the defendants committed the money laundering offences involving over N400 million in Abuja, in September 2013.

In the counts relating to Mr Adoke, he was accused of among others, receiving the dollar equivalent of N300 million from Abubakar, paying the dollar equivalent of N367,318,800 to one Usman Mohammed Bello, and allegedly using the sum of N300 million, which was alleged to be part of the proceeds of unlawful activities, all in violations of various provisions of the Money Laundering Prohibition Act, 2011.

Other accusations against Adoke include: “structured cash payments, in 22 tranches”, which amounted to N80 million, another of such structured payments in 13 tranches amounting to N50 million into his Unity Bank account.

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Buhari Signs Instrument of Agreement Towards Establishment of African Trade Insurance Agency

The EFCC alleged that the funds were not only part of the proceeds of unlawful acts but they also exceeded “thresholds outside a financial institution,” adding that the payments were done with the intention of concealing the origins of the funds contrary to Section 15(2(a) of the Money Laundering Prohibition Act 2011 and punishable under section 15(3) of the same law.

On February 10, Adoke was granted bail by the Federal High Court in Abuja in the sum of N50m with one surety in like sum.

The trial would resume on adjourned date of August 13, 2020.

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Buhari Signs Instrument of Agreement Towards Establishment of African Trade Insurance Agency

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A photo of President Buhari when he received in audience Governors of North Eastern States of Nigeria in State House on 10th Aug 2020

President Muhammadu Buhari Monday signed the instrument of accession of the agreement for the establishment of the African Trade Insurance Agency.

The Agreement and the Agency are registered with the Secretariat of the United Nations in accordance with Charter of the United Nations and is in cognizant of the fact that lack of adequate political, non-commercial and commercial risk insurance is a significant impediment to the availability of finance for investments in Africa and the expansion of African foreign trade and intra-Africa trade.

The Agency when executed would acknowledge previous multilateral efforts made by African states towards regional economic integration through co-operation in trade liberalisation and development so as to attain sustainable growth, promote economic activity and create an enabling environment for foreign trade, as well as cross-border and domestic investments.

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Recalling the economic objectives and aims of the African Union, there are several African Treaties on regional economic integration, including the Treaty Establishing the Common Market for Eastern and Southern Africa, the Treaty Establishing the Southern African Development Community and the Treaty Establishing the Economic Community of West African States.

A memorandum from the Minister of Justice and Attorney-General, Abubakar Malami, stated that the request for the President’s signature on the agreement was sequel to the directive of the Federal Executive Council, that the instrument be prepared and forwarded for execution, said a statement by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu.

READ ALSO: Lagos, NUPENG Reach Truce over Petroleum Tanker Drivers’ Withdrawal of Services

The ratification was adopted at Grand Bay in the Republic of Mauritius on May 18, 2000. The object and purpose of the Agency is to provide, facilitate, encourage and otherwise develop the provision of, or the support for, insurance, including coinsurance and reinsurance, guarantees, and other financial instruments and services, for purposes of trade, investment and other productive activities in African States in supplement to those that may be offered by the public or private sector, or in cooperation with the public or private sector.

Idowu Sowunmi

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Lagos, NUPENG Reach Truce over Petroleum Tanker Drivers’ Withdrawal of Services

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The Governor Babajide Sanwo-Olu-led Lagos State Government and the National Union of Petroleum and Natural Gas Workers (NUPENG) Monday reached truce over petroleum tanker drivers’ decision to withdraw their services from Lagos metropolis.

NUPENG had on August 7 directed the withdrawal of services of petroleum tanker drivers from Lagos State with effect from August 10, following the failure of various authorities in the state to address three major issues that have severely caused pains and harrowing experiences on the hapless petroleum tanker drivers in the state for several months now.

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Fire burns one beyond recognition, others injured in road accident 

The three major issues were: alleged extortion of money from petroleum tanker drivers by various security agents; menace of containerised trucks at Apapa, Kirikiri and Beach Land axis of Lagos State and collusion of government officials hindering petroleum tankers from loading activities at depots and tank farms; and harassment and extortion by touts popularly known as ‘area boys’ and ‘area god-fathers.’

The union explained that the entire rank and file of its members were deeply pained, frustrated and agonised by the barrage of these challenges being consistently faced by petroleum tanker drivers in Lagos State and were left with no other option but to direct the withdrawal of their services in the state until Lagos State Government and other relevant stakeholders address these critical challenges.

But, in a communique jointly by Lagos State Commissioner for Energy and Mineral Resources, Olalere Odusote, and NUPENG Deputy National President, Solomon Kilanko, said both parties agreed, at a meeting held earlier on Monday at Lagos State Secretariat, Alausa in Ikeja, that the government would meet with heads of all security agencies to prevent further disturbance of vehicles conveying petroleum products.

The two sides agreed that the issue of ‘area boys’ would be addressed by the state. “A dedicated phone number will be established within one week to enable petroleum product transporters gain prompt access to security agencies,” the communique added.

While assuring that the allegation of extra-ordinary levies charged by a particular local government would be investigated promptly, the communique said “Lagos State government will continue to relate with all road users in the planning and execution of road works in the state.”

NUPENG also made a commitment that all tankers would not exceed the loading capacity of trucks as provided in the regulations and in compliance with the directives of the Department of Petroleum Resources.

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Disclosing that Lagos State Government would review the timing restriction on movement of petroleum tankers within the next one week, Odusote said recommendations would be put forward to the government on ways to ease access of petroleum tankers to tank farms.

“Lagos State Government will immediately set up a standing committee to relate with the Union on an ongoing basis to address any issues as they arise,” the statement noted.

Idowu Sowunmi

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Ogun State Government flags off 2020 rice harvest

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A file photo of Ògùn State Commissioner for Agriculture, Dr. Adéọlá Odedina (left), discussing with some officials during a visit to one of the farms in the State.

The Ogun State, Government has flagged off the harvesting of 2020 Wet Season Rice planted by the Government with support from youth farmers group, at an event held at Sowunmi Village, Mokoloki, Obafemi Owode Local Government, on Monday, 10th August, 2020.

According to a statement issued by the state Ministry of Agriculture on Tuesday, the Rice which was planted in March 2020 at the onset of COVID-19 lockdown, was the focal point of the flag off of the Wet Season Rice Harvest in Ogun State under the Ogun State/Federal Government of Nigeria/International Fund for Agricultural Development (IFAD) Value Chain Development Programme (VCDP).

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The Ministry stated that Ogun Youth Rice Production Enterprise, which is presently ongoing in all rice growing locations spread across 10 LGAs in the State had earlier harvested dry season rice in April 2020, and are still planting new fields while harvesting; “signifying all year rice production in Ogun State”.

“The earlier decision by His Excellency to approve and support farming activities during COVID-19 extensive lockdown with Health and Safety Advisories and Guidelines, is beginning to yield visible fruits.

The flag off event was attended by Ogun Agric Team led by the Commissioner for Agriculture, Dr. Adéọlá Odedina; Permanent Secretary, Ogun State Ministry of Agriculture, Dr. Dotun Sorunke; Senior Special Assistant to the Governor on Agriculture, Dr. Angel Adelaka-Kuye and all Directors in Ogun State Ministry of Agriculture.

READ ALSO: Fire burns one beyond recognition, others injured in road accident

Others who attended the ceremony were member of the Ògùn State House of Assembly, representing Obafemi Owode Constituency, Hon. Soneye Kayode; traditional rulers and village heads.

Photos:

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Fire burns one beyond recognition, others injured in road accident 

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Charred remains of a commercial bus on Long bridge, inward, Arepo, Lagos Ibadan Expressway, Monday 10, 2020.

 One person has died in a fire accident involving a commercial bus on the Long bridge inward Arepo, Lagos-Ibadan expressway.

The Lagos State Emergency Management Agency (LASEMA) announced in a statement Monday evening, and which was sighted by Echotitbits.

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“The incident which involved a commercial vehicle with registration number LSD-715XV gutted by fire along the Lagos-Ibadan Expressway, claimed the life of a yet-to-be identified passenger that was burnt beyond recognition, injuring several others who were rescued by Police and FRSC Officers, while the LASEMA Response Team recovered the burnt vehicle off the road to ensure smooth vehicular activities in the axis.”

LASEMA, according to the statement, said its action was on the heels of the continued collaboration between Lagos and its neighbouring states in tackling emergencies to ensure safety of lives and properties.

The agency added that the cooperation between states led to LASEMA’s activation of its response team, Tiger Squad to the incident scene at the Long bridge inward Arepo, when the agency received a distress call on a burning vehicle.

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Putin: World’s First Vaccine against COVID-19 to Be Registered in Russia

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PutinandMedicalWorkers
A Collage of President Putin and an insert as Medical workers prepare to draw blood from participants in a coronavirus vaccine trial at the Budenko Main Military Hospital outside Moscow.(Russian Defense Ministry Press Service) Source :Associated Press and LAtimes

Russian President Vladimir Putin Monday disclosed that the world’s first vaccine against the novel Coronavirus (COVID-19) would be registered in his country in a few days.

Putin, who stated this on his Facebook page, explained that Russian scientists have passed necessary test stages and proved the safety and effectiveness of the drug.

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According to him, “The world’s first vaccine against coronavirus will be registered in Russia in a few days.

“Russian scientists passed necessary test stages and proved the safety and effectiveness of the drug.

“Our medicine has adequately coped with the epidemic and now gives hope not only to our country, but to the whole world.

After 11 days in isolation, Gov. Fayemi survives Coronavirus

“Once the Soviet satellite paved the way for humanity into space, now the Russian vaccine will pave the way to the future without COVID-19, masks and social isolation.”

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Buhari assures he’ll restore security in North-East, acquires modern military equipment

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A photo of President Buhari when he received in audience Governors of North Eastern States of Nigeria in State House on 10th Aug 2020

President Muhammadu Buhari Monday gave strong assurances that security would be restored to Borno State in the North-east and the nation at large, following the recent adoption of new strategies, and the acquisition of modern military equipment.

Speaking at the State House in Abuja during a meeting with the five North-east State Governors, Buhari said: “Things will improve very soon. We are acquiring modern equipment; some are here, some are being cleared, and others still coming. We need patience with acquisition of equipment. You need to train the trainers for their usage ahead of their deployment to the field.”

The meeting was attended by Vice President Yemi Osinbajo, the Chief of Defence Staff, Service Chiefs, the Inspector-General of Police and the heads of intelligence agencies.

Reacting to the governors who spoke through their Chairman, also Borno State Governor, Babagana Zulum, the President added: “I have listened to your presentation. I assure you, the North-East Governors, especially that of Borno, that we go to bed and wake up thinking about you, how to secure our country, that is the responsibility of every government.

“Our party campaigned in 2015 on three major objectives, among which is Security. We said the same thing in 2019 and Nigerians believed us. We are doing our best and we will continue to do even better.”

Buhari lamented the impact of the novel Coronavirus (COVID-19) pandemic on the economy, making scarce resources even scarcer, coupled with its severe impact on the supply chain of military equipment and spare parts.

“Our government is doing its best on the question of equipment and the military personnel know. We have equipment coming from some countries. The acquisition of military wares and spares is not easy, especially if you are not the manufacturer,” the President said, in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu.

The Secretary to the Government of the Federation (SGF), the Chief of Staff, the National Security Adviser and all the Service Chiefs, who spoke in support of the President, assured that things would get better soon.

They made a strong case for strengthening ties among the military, state governments, traditional institutions and all communities and the residents of the region.

The Chief of Army Staff, Lt. General Tukur Buratai, gave an assessment of the current efforts, noting that Boko Haram terrorists have been flushed out of all the states in the region, leaving Borno State as the last stop.

He said: “There are no Boko Haram terrorists in neighbouring states. They have been pushed out, and now cornered in Borno State. We are coordinating with civil and traditional authorities, mobilising and reinforcing and all we need is patience. We will not relent.”

On his part, the Chief of Air Staff, Air Marshal Sadique Abubakar, briefed the meeting on the acquisition of military aircraft, explaining that the imminent arrival of Unmanned Aerial Vehicles, UAVs, known as drones with more than 10 hours of flying time, would strongly reinforce the battle front.

Briefs were also received on equipment needs of the police as well as the changing alliances between criminal gangs and terrorist groups in the region from the intelligence community.

In their address at the beginning of the meeting, the North-East Governors noted that the security situation in the region has now greatly improved, compared to the time the President assumed office.

While commending Buhari for the establishment of the North-East Development Commission and the take-off of Mambila Dam Power Project, they however, called for attention to the condition of most of their roads.

They also warned of the consequences of a “war economy” and the need to address the root causes of the insurgency.

The governors said: “A large population in the region, especially in Borno State, have no access to their homes and farmlands,” while calling for efforts to curtail the “increasing trust deficit between the population and the armed forces.”

Photos:

Idowu Sowunmi

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Makinde Sacks Oyo Commissioner for Works, Swaps Two Others

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File photo of Oyo State Governor, Engr. Seyi makinde and ex-Commissioner for Works, Raphael Afonja.

Oyo State Governor, Seyi Makinde, Monday sacked his Commissioner for Works, Infrastructure and Transport, Raphael Afonja.

The governor, in a letter dated August 10 by the Secretary to the State Government (SSG), Olubamiwo Adeosun, said the termination of appointment takes immediate effect.

File photo of sacked Oyo Commissioner for Works, Raphael Afonja.

The letter entitled: “Termination of appointment” reads in part: “I wish to convey the approval of His Excellency, Governor Seyi Makinde, on the termination of your appointment as Honourable Commissioner, with immediate effect.

“Consequent upon the above development, you are hereby directed to hand over all the government items in your possession to the Permanent Secretary (Ministry of Works, Infrastructure and Transport).

“I am to add that, your contribution within the time of your sojourn is appreciated and commendable, and therefore, wish you successes in your future endeavours. I thank you.”

It would be recalled that the sacked commissioner recently tested negative for the novel Coronavirus (COVID-19) after 52 days of treatment in isolation and had hoped to resume work on Monday.

Makinde has also approved redeployment of two commissioners, who were asked to swap portfolios with immediate effect.

The governor, in an internal memo by Adeosun with the subject: “Redeployment of EXCO members,” said Commissioner for Special Duties, Bayo Lawal, has been moved to the Ministry of Local Government and Chieftaincy Affairs, while Funmilayo Orisadeyi is to move the Ministry of Special Duties.

Idowu Sowunmi

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NBA appoints Sierra Leonean-American, Victor Williams, Africa CEO

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Newly appointed NBA Africa CEO, Victor Williams

National Basketball Association appoints Sierra Leona-American, Victor Williams, Africa CEO

National Basketball Association (NBA) Monday named Victor Williams as the Chief Executive Officer of NBA Africa, effective August 17.

Announcing the new appointment, NBA Commissioner, Adam Silver, described Williams as an accomplished investment banking executive with extensive experience growing businesses across the United States of America and Africa.

CEO NBA Africa would be based in the league’s Johannesburg office and report to NBA Deputy Commissioner and Chief Operating Officer, Mark Tatum.

In this newly-created role, Williams would oversee the league’s basketball and business development initiatives in Africa and would be responsible for continuing to grow the popularity of basketball and NBA across the continent through grassroots development, media distribution, corporate partnerships, and more.

“Adding an executive of Victor’s caliber and experience is an important step in our continued efforts to grow basketball across the continent.

“We look forward to Victor leading NBA Africa’s operations and helping to accelerate the use of sports as an economic engine across Africa,” Silver added.

Commenting on his appointment, Williams said: “Becoming CEO of NBA Africa is a compelling opportunity to join the NBA – a widely-respected and admired, globally-oriented sports enterprise.

“It allows me to blend my professional experience building businesses in Africa with my passion for the sport of basketball.

“I look forward to working with our colleagues in Johannesburg and Dakar to help grow basketball’s commercial and social impact in Africa and on the world stage.”

In the last five years, Williams had served as the Executive Head of Corporate and Investment Banking (CIB), Africa Regions for Standard Bank Group, where he oversaw the strategy, execution and financial performance for Standard Bank’s business with corporate, sovereign and institutional investor clients in 19 countries across sub-Saharan Africa.

In this pan-continental role, Williams was responsible for growing a wide range of business lines across Africa, including global markets, investment banking and transactional products and services, and helped lead Standard Bank’s expansion into Côte d’Ivoire, Ethiopia and South Sudan.

Williams joined Standard Bank in 2011 as Head of Corporate and Investment Banking for East Africa and subsequently led Standard Bank’s Corporate and Investment banking business in Nigeria.

Previously, he worked at Wells Fargo Securities in Charlotte, North Carolina, where he was a Managing Director focused on mergers and acquisitions. In this role, he executed more than $5 billion in merger and acquisition transactions and advised senior executives and boards of directors of corporate and private equity firms on mergers, divestitures, acquisitions, joint ventures, recapitalisations and corporate defense.

Prior to Wells Fargo Securities, Williams was Vice President of Investment Banking at Goldman Sachs in New York City, where he provided strategic guidance to Fortune 500 companies in all aspects of merger and financing analysis and execution.

Williams, a dual citizen of Sierra Leone and the USA, holds an MBA from Harvard Business School and bachelor’s degrees in applied math and economics from Brown University.

He is a member of Harvard Business School’s Africa Advisory Board and has also served on the boards of publicly-listed companies and non-profit organisations in the USA, Nigeria and Kenya.

Idowu Sowunmi

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Magu Probe: FCMB mistakenly transferred ₦573m to Prophet Omale – Bank MD

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The Managing Director of First City Monument Bank (FCMB), Adam Nuru has appeared before the Presidential Committee on Audit of Recovered Assets (PCARA), which is probing former Accting Chairman of the Economic and Financial Commission (EFCC), Ibrahim Magu for alleged embezzlement and mismanagement of recovered looted funds.

The FCMB chief during his testimony explained that the his bank made an error by transferring ₦573 million into the church account of one Pastor Emmanuel Omale.

The ex-EFCC huncho was accused of allegedly using Omale, founder of the Divine Hand of God Prophetic Ministry, to launder funds abroad.

The accusation against Magu read that he had purchased a property in Dubai using Omale’s name as a front— an allegation the pastor has denied.

Nuru was reported to have said in his testimony last Thursday, that FCMB only just discovered the mistake upon invitation by the committee, which is four years after the money was posted.

“On January 16, 2016, we made a return to NFIU which indicated that there was a transaction of an inflow of well over N573million. (N573,228,40),” the bank MD said.

“This return was said to be in favour of Divine Hand of God Prophetic Ministries Account No 1486743019.

“After that report, we conducted an investigation and discovered that the lodgement which we reported to NFIU was an error.

“The error was as a result of the fact that we were using a bank application called Pinnacle-7. However, we migrated from that application to a newer version called Pinnacle-10.

“Usually, when the bank intends to migrate from one application to another, we utilize weekends to carry out the exercise. The migration involves moving all the balances of customers from the previous application to the new application. The account of the Divine Hand Ministries was moved during that migration.

“It was that balance of N573million that was wrongly posted as an inflow into Divine Hand Ministries as reported to NFIU. This error was not peculiar to Divine Hand of God Prophetic Ministries alone but was also ascribed to 27 other accounts”, FCMB said.

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