Connect with us

Society

Alleged N2.7bn Fraud: Court Adjourns Couple’s Trial Till February

Published

on

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, on Wednesday, January 10, 2024, adjourned till February 2, 2024 the alleged N2.7bn fraud trial involving a couple, Ruth and Oriyomi Idowu.

The couple was arraigned by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC,
on Tuesday November 28, 2023, on 20-count charges bordering on obtaining money by false pretence, money laundering, stealing, retention of stolen property and forgery to the tune of N2,757,188,000.00 (Two Billion, Seven Hundred and Fifty Seven Million, One Hundred and Eighty-eight Thousand Naira Only).

They were arraigned alongside Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited, which all belong to Ruth Idowu.

Count one reads: “Ruth Sameeha Idowu , aka Loiry Ventures, Oriyomi Kabeer Idowu, aka Yocli Ventures, Food Commodity Processing Enterprise, Bonway Food Processing Company Ltd., Samee Idowu Company Limited, Farmex Integrated Companies Limited, between 31st of March 2022 and 17th of May 2023 in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves by false pretence that you had a genuine Local Purchase Order (LPO) from various vendors and with intent to defraud, obtained from Creditpro Business Support Services Ltd the sum of N2,757,188,000.00 ((Two Billion, Seven Hundred and Fifty Seven Million,
One Hundred and Eighty-eight Thousand Naira Only).

Another count reads: “Ruth Sameeha Idowu, aka Loiry Ventures, Oriyomi Kabeer Idowu aka Yocli Ventures, Food Commodity Processing Enterprise, Bonway Food Processing Company Ltd., Samee Idowu Company Limited, Farmex Integrated Companies Limited, sometime in 2023 in Lagos, within the jurisdiction of this Honourable court, converted the sum of N10,000,000 to purchase a GLK Benz, purchase sum derived from converting the sum of N500,000,000 belonging to Creditpro Business Support Services with the aim of disguising the illegal origin of the funds.”

At Wednesday’s proceedings, prosecution counsel, A.O. Mohammed, informed the court that his witness was unavoidably absent in court.
“Up until yesterday, the witness gave an indication of appearing in court. But yesterday, there was an unexpected change in the situation. I apologise to the court and to the defence,” he said.

Responding, Babatunde Ogala, SAN, informed the court that he came prepared for the trial. He, however, added that “It was only this morning, while seated here, that I was informed that the witness is not here and that they are not ready to go on; and so, will seek an adjournment.”

The counsel to the first defendan ,James Alara also aligned with Ogala. He further urged the court to take notice that the stalling of the proceedings was at the instance of the prosecution.
Apologising for the development, Mohammed prayed the court for a short adjournment.

Consequently, Justice Dada adjourned the case till February 2, 2024.

Society

LP national chairman, Julius Abure, arrested

Published

on

By

Julius Abure the national chairman of the Labour Party (LP), has been arrested by the police in Benin City, Edo State.

It is currently unclear the reason behind his arrest but sources say it may not be unconnected with the recent crisis rocking the party.

Recently, he was accused of forging the signatures of some political aspirants in Ebonyi and Plateau States.

Now, it has taken another dimension. This time around, it is financial allegations. Allegations coming from no other person than the national treasurer of the party, Mrs Oluchi Oparah. The Exchequer of the Labour party who is supposed to be 100% in the know of the party’s finances accused Abure of forging the signatures of the party’s late national chairman, Abdulkadir Abdulsalam to withdraw funds totalling N21 million.

Before this most recent allegation, a governorship aspirant of the party from Ebonyi state, Mr. Eze Oko, had accused the Party’s National Chairman of alleged forgery and conspiracy that led to his replacement few days to the March 18 gubernatorial election.

Specifically, Oko alleged that at the heat of political activities leading to the gubernatorial election in Ebonyi state, the national chairman initiated moves to illegally remove him as the gubernatorial candidate with an alleged forged withdrawal letter submitted to the Independent National Electoral Commission, (INEC).

Continue Reading

Society

Energy Mogul, Adewale Tinubu, takes Centre Stage at Guyana Energy Conference

Published

on

By

Adewale Tinubu, CON, boss of energy giant, Oando Group, is always a delight to watch when in the boardroom or engaged in anything concerning business.

He usually leaves his watchers and admirers enthralled by his articulation and aplomb. He is always graceful in his fine grasp of business intricacies, with a very strong sense of deep erudition in discussions, especially in the area of economic development in Nigeria.

Of course, the foregoing may not be news to many. But what many may not know about this technocrat is that beyond his feats in the oil sector, he is endowed with oratorical power.

 That excellent trait was much on display at the ongoing Guyana Energy Conference, where the top oil player once again showcased his God-given talent.

While speaking on the topic, ‘Upstream Activities Required for a Resilient Oil and Gas Value Chain, the oil and gas mogul received intermittent standing ovations, accompanied with several rounds of applause for his dazzling and awe-inspiring speech.

Oando, Africa’s largest integrated energy solutions provider, is diamond sponsor of the third edition of the Guyana Energy Conference and Supply Chain Expo, which started on Monday, 19th February to Thursday, 22nd, 2024, attracted participation, at the highest level, from more than 21 countries also drawn in 19 sectors – outside of the energy sector.

 Participating companies at the conference tackled important concerns affecting the energy sector, as well as the challenges of climate change mitigation and maximizing the benefits of local content development in Guyana and the region.

Commenting on the conference, Mr. Tinubu posted on his social media handles.

He wrote:

 ‘’Spent the last two days at the Energy Guyana Conference and Supply Chain Expo – a first time attendee and 3rd time visitor to this beautiful country.

Myself and the #HumansofOando welcomed the President of Guyana, Dr Mohamed Irfaa1, the Prime Minister of Trinidad and Tobago Dr Keith Rowley and the Minister of Petroleum, (Trinidad and Tobago) Stuart RYoung 1 to our exhibition booth, where we walked them through Oando’s journey to date in curating Nigeria’s energy mix.

The oil and gas industry in Guyana is rapidly evolving, thus the importance of creating an enabling environment for growth cannot be understated.

Yesterday, I delivered a keynote address to industry leaders and other esteemed guests explaining the winning Oil and Gas Industry Strategy.

With the warm welcome we received we are assured of promising collaboration towards successful oil and gas venturing in Guyana’’.

Other speakers at the event include His Excellency, Dr Mohamed Irfan Ali, President of the Co-operative Republic of Guyana; Bharrat Jagdeo, Vice President, The Cooperative Republic of Guyana; the Honourable Vickram Bharrat, Minister of Natural Resources, The Co-operative Republic of Guyana; Stuart Young, Minister of Energy and Energy Industries, the Republic of Trinidad and Tobago; Antonio Almonte, Minister of Energy and Mines, the Dominican Republic; His Excellency, Sheikh Mohammed bin Abdulrahman Bin Jassim Al Thani, Prime Minister of the State of Qatar; Alistair Routledge, President, Exxonmobil Guyana and Her Excellency Jane Miller OBE, British High Commissioner to the Co-operative Republic of Guyana, among several other world class personalities.

Continue Reading

Society

Hope In Time Of Crisis: A Call For Unwaivering Faith In Nigeria.

Published

on

By

By: Ayobami Ladipo

 

 

Dear Nigerian Youths, Friends and The Social Media Community.

 

I feel the need to share some words with you this morning, not just for communication sake but because it’s the right thing to do at a time like this when we’re all groaning in pains.

 

Indeed, times are hard, the pain is unbearable, the cost of living has tripled and ripple effect of the current economic hardship on the common man can only be imagined.

 

Truth be told, we are all SUFFERING!

 

Let’s take a moment to situate this correctly, especially for those of us who are not public office holders but campaigned for President Bola Ahmed Tinubu, believed in the manifesto and still optimistic that he’ll deliver his good promises to Nigerians, it’s not been easy.

 

Believing in a mantra or giving support to the president at a time like this does not take away the pain, it doesn’t not alienate me or any of his supporters from the people or the present economic hardship, it just shows that we still believe that pain is normal when something good is about to be spring forth.

 

Standing on the mandate no mean say leg no dey pain oh, but just like Isaac believed in Abraham his father to the point of death when he had thought he would be slaughtered as a sacrifice to God before the Almighty provided a ram, we also believe that the ongoing reforms will yield a great result and restore our country’s lost glory.

 

When we stop believing, hope fades away and nothing good will come through, hence the PLEA for calm and for us all to put aside our political or ethnic differences right now, let’s persevere a little more and keep up the conversation for a better and working Nigeria.

 

We won’t stop talking, we won’t stop engaging government, we won’t stop registering our displeasure via the right channels but PLEASE let’s come together as one and show some love to one another at this trying time.

 

Just like the Bible says, weeping may endure for the night but joy cometh in the morning, May the joy of Nigeria come so quick and May we all be alive to witness a new Nigeria that’ll be full of prosperity and greatness .

 

As I conclude, I want to plead with you all that we refrain from the needless curses, insults and abuse, WE ARE ALL IN THIS TOGETHER and TOGETHER shall we witness greatness at the end.

 

Naija Shi Ma Dun

 

God Bless Nigeria 🇳🇬🙏🇳🇬

Continue Reading

Trending