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Court jails Senator Nwaoboshi for seven years over money laundering

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The Lagos Division of the Court of Appeal today July 1, 2022, convicted and sentenced Senator Peter Nwaoboshi, senator representing Delta North Senatorial District at the National Assembly, to seven years imprisonment.

The court ordered that his two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

The Appellate Court’s ruling followed the success of the appeal by challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021 2018 discharged and acquitted the defendants of a two count charge of fraud and money laundering.

EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

Part of the money paid to the vendor, precisely a sum of N322 million transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, was alleged to be part of the proceeds of fraud.

But in his judgment, Justice Aneke held that the prosecution failed to call vital witnesses and tender concrete evidence to prove the elements of the offences for which it charged the defendants.

Justice Aneke said the evidence of PW2 “proved that the third defendant obtained a loan of N1.2 billion from Zenith Bank for purchase of additional equipment and as the provision of working capital.

“It also proved that the loan of N1.2 billion together with interest of N24 million was properly granted to the third. Nothing else was proved by the complainant or prosecutor in this case,” the judge said.

He claimed a fatal blow was dealt the case of the prosecution by its failure to call officials of Sterling Bank “to testify and probably tender exhibits F and F10”.

Consequently, he discharged and acquitted the defendants.

However, ruling on the EFCC’s appeal today, the Court of Appeal held that the trial judge erred in dismissing the charges against the respondents. It said the prosecution had proved the ingredients of the offence and consequently found the defendants guilty as charged.

 

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Governor Sanwo-Olu hosts dinner to celebrate Soyinka at 90

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Lagos State Governor, Babajide Sanwo-Olu, hosted a dinner at the State House on Tuesday to honour Noble Laurette, Prof Wole Soyinka, on his 90th birthday.

During the birthday dinner, Sanwo-Olu also unveiled a “special portrait” of the renowned playwright and novelist.

Sharing photos from the event on X.com, Sanwo-Olu wrote, “This evening, we had the honour of celebrating the 90th birthday of our esteemed Nobel Laureate, Professor Wole Soyinka.

“It was a night of joy, memories, and inspiration as we celebrated his many contributions to literature and touched on how his humanity continues to inspire us all.

“The highlight of the evening was unveiling a special portrait of Prof., a true reflection of his enduring legacy.”

Sanwo-Olu further thanked Soyinka, saying, “We celebrate not just his 90 years of life but the countless lives he has inspired and continues to inspire.”

He added, “His Nobel Prize win many years ago opened the door for many to dream and believe that greatness is achievable. His works transcend time, touching hearts and minds across the globe.

“Thank you, Professor Wole Soyinka, for showing us that through resilience, creativity, and dedication, we can achieve greatness.”

The Nobel Laureate, who turned 90 years old on Saturday, July 13, was described as a shining light and national treasure by President Bola Tinubu.

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Police Investigate BLORD Group Boss, Linus Williams, Over Alleged Fraud

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The Federal Criminal Investigation Department (FCID) of the Nigerian Police Force, National Cybercrime Center (NPF-NCCC), has launched an investigation into allegations against Linus Williams, the CEO of BLORD Group of Companies.

 

The inquiry has been extended to several entities under the BLORD umbrella, including BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY.

 

The investigation followed complaints that these companies were involved in a series of serious offences.

 

These include cryptocurrency fraud, aiding and abetting internet fraud, engaging in computer-related fraud, funding terrorism, and failing to comply with the Central Bank of Nigeria (CBN) regulatory frameworks.

 

In a statement released by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, the police emphasized their commitment to thorough and diligent investigations.

 

“Our cyber space in Nigeria must be safe and secure by all means. We are committed to achieving that,” Adejobi asserted.

 

He highlighted the critical importance of maintaining the integrity of Nigeria’s digital environment, indicating that no effort would be spared in ensuring that the allegations were meticulously investigated.

 

The allegations have come at a time when Nigeria is intensifying its efforts to combat cybercrime and enhance the security of its digital infrastructure.

 

The focus on regulatory compliance, particularly concerning the CBN Act, underscores the country’s commitment to upholding financial regulations and preventing illicit financial activities.

 

As the investigation unfolds, the FCID will continue to scrutinize the activities of BLORD Group of Companies and its affiliates.

 

The outcome of the probe is expected to have significant implications for the involved entities and the broader efforts to enforce cyber security and regulatory

compliance in Nigeria.

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President Bola Tinubu Sacks NPA MD, Koko Bello

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President Bola Tinubu has sacked the Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko.

 

Koko became the NPA MD after Ms Hadiza Bala-Usman was suspended and later sacked by the Buhari administration over rift with the then Minister of Transportation, Rotimi Amaechi.

 

Meanwhile, Tinubu on Friday, July 12, 2024 approved the appointment of Dr. Abubakar Dantsoho as the new NPA MD.

 

The President has also approved the appointment of Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian Ports Authority (NPA).

 

Dr. Dantsoho holds a Doctorate degree in Maritime Technology from Liverpool John Moores University, United Kingdom, and a Master’s degree in International Transport from Cardiff University of Wales, United Kingdom.

 

Before his appointment, he had served in various roles in the Nigerian Ports Authority as Assistant General Manager; Technical Assistant to the Managing Director; Port Manager, Onne Port; and Principal Manager, Tariff & Billing.

 

Senator Adeyeye, the Board Chairman, is a seasoned lawyer, journalist, and politician.

 

He is a former Minister of State for Works and former Senator representing Ekiti South Senatorial District.

 

The President says he expects the new leadership of this pivotal agency to deploy excellence in the discharge of their duties to enable efficient port services and improved

industry outcomes.

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