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Alleged N1.4bn Fraud: How NBA President, Paul Usoro Was Paid N700m – Witness

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Udom Idongesit, a prosecution witness in the case of an alleged N1.4 billion money laundering involving Paul Usoro, President, Nigerian Bar Association, NBA, on Wednesday, December 4, 2019, told Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos how a sum of N700 million was paid into Usoro’s account on the instruction of Linus Nkan, a former Accountant-General, Akwa Ibom State.

Usoro was first arraigned before Justice Muslim Hassan of the same court on December 18, 2018.He was later re-arraigned on Friday, March 1, 2019 before Justice Aikawa on a 10- count charge.

One of the counts reads: “That you, Paul Usoro, SAN, Emmanuel Udom (currently constitutionally immune against criminal prosecution), Uwemedimo Thomas Nwoko (still at large), Nsikan Linus Nkan, Commissioner of Finance, Akwa Ibom State (still at large), Mfon Jacobson Udomah, Accountant-General, Akwa Ibom State (still at large) and Margaret Thompson Ukpe (still at large) sometime in 2015 in Nigeria, within the jurisdiction of this Honourable court, conspired amongst yourselves to commit an offence, to wit: conversion of the sum of N1. 410, 000, 000, 000.00 (One Billion, Four Hundred and Ten Million Naira), property of the Government of Akwa Ibom State of Nigeria, which sum you reasonably ought to have known forms part of the proceeds of an unlawful activity to wit: criminal breach of trust and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15(3) of the same Act.”

At today’s sitting, Idongesit, a Relations Manager at the Aka Road branch of Zenith Bank in Uyo, Akwa Ibom State, told the court that the bank, on March 10, 2016, was given a withdrawal instrument of N700m on the imprest account of the Akwa Ibom State payable to Usoro’s Zenith Bank account.

Led in evidence by the prosecution counsel, Rotimi Oyedepo, the witness further said she made moves to get Usoro to open an account with the bank so that the money could be paid to him.

The witness also told the court that she opened an account for the defendant due to the fact he never had an account with the bank prior to that transaction.

She said she got Usoro’s contact from the Akwa Ibom State Governor, Udom Emmanuel, on March 14, 2016 and later put a call through to him to inform him about the payment.

Giving further testimony, Idongesit said: “Mr. Paul Usoro instructed me to work with two of his colleagues.

“When I confirmed the exact names registered on the form, I sought the approval of my Zonal Head to open the account and also made the deposit while waiting for documentation.

“I filled the deposit slip; and the depositor’s name that I filled was Paul Usoro.”

Idongesit further told the court that a sum of N300 million was first credited to the account on March 14, 2016 in cash and that more funds were subsequently credited to the account to the tune of N400 million.

The transactions, according to her, were carried out on the instructions of the defendant.

Idongesit, in her evidence, also told the court that monies were transferred to individuals and companies from the defendant’s account on his instructions.

“On March 22, 2016, Mr. Paul Usoro instructed me to transfer the sum of N2.5 million to one Assam Ekanem; N7.5 million to Taiwo Oyetibo & Co; N7.5 million to Oyechi Ipeaza; N5 million to Uzuegbu Nelson Aju; N30 million to OEB Offiong and N7.5 million to DD Dodo & Co.

“A transfer of N3million was also made to one Reginald Nwobbi; N2 million to Sevanne Chambers and N20 million to Theophilus Oyesanya,” she also stated.

The witness said there were emails to show and reflect the instructions given to her by the defendant regarding all the transactions.

The emails, instruments of payment, account opening package, certification of identification and statements of account were tendered by the prosecution counsel, Oyedepo, and admitted in evidence by the court.

Justice Aikawa adjourned the case till January 13 and February 11 and 12, 2020 for continuation of trial.

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Lagos Lawyer Gboyega Adetunji Delves Into Agriculture, Floats Abundish; A Revolutionary Farm-To-Table Outfit

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Barrister Gboyega Adetunji, a Lagos-based renowned legal practitioner, has ventured into agriculture with the launch of Abundish, a revolutionary farm-to-table service aimed at transforming how Nigerians access fresh, high-quality, and healthy farm produce.

 

Abundish is committed to offtake directly from farmers and supply to consumers promoting sustainable agricultural practices, and ensuring fair market value for produce.

 

The innovative platform offers a subscription-based model, allowing customers to customize their experience and receive curated selections of fresh, seasonal produce delivered conveniently to their homes.

 

“I’m thrilled to embark on this new journey, combining my passion for sustainable living and community development,” said Barrister Adetunji, Founder and CEO of Abundish.

 

“Our goal is to empower farmers, support local economies, and provide healthy, fresh produce to consumers while reducing food wastage and promoting sustainable practices.”

 

“Abundish is more than just a bridge,” says Barr. Gboyega Adetunji.

 

“We are a movement bringing fresh, high-quality produce whether cash or food crops directly from the farm to the end consumer, cutting out unhygienic produce, reducing landing costs of produce, and the convenience of doorstep delivery it affords our customers. This does not only benefits our customers, but also supports sustainable agricultural practices, grows the naira and local economies, and also empowers the farmers who nourish our communities.

 

Reacting to what inspires his diversification, Barr. Gboyega said “I’d always wanted to have my little farm that can cater for at least 80% of my consumption, but then I realized how impactful it would be if this practice could be extended to others, hence the creation of the Abundish brand”

 

When asked what sets Abundish apart from its counterparts, Barr. Gboyega said, “Abundish offers a unique subscription model, allowing customers to customize their experience and receive a curated selection of the freshest seasonal produce delivered conveniently to their homes. By bypassing traditional distribution channels, Abundish reduces food waste, ensures peak freshness for consumers and the amount of time doing tedious work of purchase and clean up”.

 

“Abundish offer fresh farm produce at fair market value, championing food security with sustainable practices” he added.

 

At Abundish, we are not just passionate about delivering farm-fresh produce, we are committed to creating a positive impact on our world. That is why we operate with the UN Sustainable Development Goals (SDGs) in mind, striving for a more sustainable, equitable, and food-secure future.

 

Join The Abundish Movement, visit www.abundish.info to learn more about Abundish, and subscribe to receive the freshest produce delivered at your convenience.

 

Follow Abundish on social media platforms for behind-the-scene farm footage, exclusive offers, recipes, and our social impact initiatives.

 

X (Twitter) – @abundish

 

Instagram – _@abundish

 

Facebook – Abundish

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US-based Nigerian Jailed 41 Months For Operating Illegal Money Transmitting Business; Funds Wired To Lagos Bank

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A Nigerian man based in the United States Oluwafemi Osinowo has been sentenced to 41 months in a federal prison after he was convicted of operating an illegal money transmitting business.

 

U.S. Attorney Ronald C. Gathe, Jr. in a press release issued by the U.S. Attorney’s Office, Middle District of Louisiana on Monday, announced that Chief Judge Shelly D. Dick also sentenced Osinowo, 35, of Miami, Florida, to three years of supervised release following his term of imprisonment.

 

According to admissions made as part of his guilty plea, from December 2016 to January 2019, Osinowo operated an unlicensed money transmitting business.

 

He confessed that he conducted foreign currency exchange business without complying with required federal registration requirements.

During the course of operating the business, money was transmitted from third parties from the Middle District of Louisiana and elsewhere to bank accounts located in Miami, Florida.

 

Once the money was in the bank accounts in Miami, Florida, an individual acting as an agent of Osinowo’s business wired the money to a bank in Lagos, Nigeria. Those wire transfers included approximately 51 separate transmissions in the aggregate total of approximately $722,177.

 

 

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‘Stolen’ $6.2m: What Emefiele Told Us In Kuje Prison – Investigators

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One of the investigators handling the case of $6,230,000 allegedly stolen from the Central Bank of Nigeria (CBN) on February 8, 2023, has revealed what Godwin Emefiele, immediate past governor of the apex bank, told them at Kuje prison.

The former CBN governor, who is standing trial on an alleged 20-count amended charge, preferred against him by the Economic and Financial Crimes Commission (EFCC), was once remanded at Kuje prison.

He was alleged to have engaged in criminal breach of trust, forgery, conspiracy to obtain by false pretence and obtaining money by false pretence when he served as central bank chief.

In an affidavit filed before a Federal High Court in Abuja, one of the investigators, a Deputy Superintendent of Police, gave details of investigators’ findings and progress made so far.

The Deputy Superintendent of Police was quoted to have said: “We visited Kuje Correctional Centre, where we interviewed Godwin Emefiele, who purportedly approved the memos authorising the payment, as then CBN gov and he denied seeing, talk less of approving such memos.

“We also arrested some concerned staff of the Central Bank of Nigeria, who denied any involvement in the crime, before we finally arrested Bashirudeen Maishanu, who corroborated the account of Abdulmajeed Muhammad and further confessed to have been involved in the crime which, according to him was perpetrated by himself and the first to third defendants/respondents – Adamu Abubakar, Imam Abubakar and Odoh Eric Ocheme.

“Bashiru Maishanu further confessed that himself, the first and second defendants/respondents (Adamu Abubakar and Imam Abubakar) shared the sum of $2,500,000.00 from the stolen money, while the third defendant/respondent (Odoh Eric Ocheme), being a fellow staff of the Central Bank of Nigeria, kept the balance of $3,730,000.00 claiming that he had other interests to settle in the CBN.

“Bashirudeen Maishanu further confessed that both himself, and the first and second defendants/respondents jointly invested the United States dollars equivalent of the sum of N1, 440,000,000.00 into real estate business of Afrolyk Global Ltd.

“The Managing Director of the said Afrolyk Ltd, Aminu Lawal has been arrested and he confirmed the investment by Bashirudeen Maishanu, Adamu Abubakar and Imam Abubakar, and already refunded the sum of $200 000 00 to the Special Investigator’s team as part of the money he (Aminu Lawal) received as part of the purported investment.

“Cash of about $400,000 00 has also been voluntarily returned by Bashiru Maishanu from part of his remaining share of the money in question. The money (the $6,230,000) was received in cash from the Central Bank at Nigeria and also shared in the same cash by the defendants/respondents and others, making it difficult to trace the monies without arresting the defendants/respondents.

“It was later revealed that the third defendant – Odoh Eric Ocheme – was the Personal Assistant to Godwin Emefiele as the CBN governor while the first and second defendants (Adamu Abubakar and Imam Abubakar) are businessmen and associates of Bashirudeen Maishanu.”

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