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EFCC Arraigns Director Saadatu Ramallan Yaro, Company For N140billion Money Laundering Charges



The Economic and Financial Crimes Commission on Monday arraigned one Saadatu Ramallan Yaro and a company before a Federal High Court sitting in Abuja on money laundering separate charges to the tune of over N140billion.

Yaro was arraigned before Justice Obiora Egwuatu on 25-count charge and 12 counts respectively.

The anti-graft Commission in statement by its Head, Media and Publicity Wilson Uwujaren, said the defendant in the first 25-count charge, is accused of failing in her duty as Director of Tsami Babi Resources Limited, a Designated Non-financial Business, to make submissions of activities of the company that enabled financial transactions into the company’s account with a new generation bank to the tune of over N100billion to the Ministry of Commerce.

According to the statement, he was arraigned alongside Tsami Babi Resources Limited.

Some of the counts against the defendants reads, “that you, Saadatu Ramallan Yaro, being a Director Of Tsami Babi Resources Limited, a Designated Non-Financial Institution, between 5th July, 2021 and 20th day of April, 2022, in Abuja within the jurisdiction of this Honourable Court, failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the total sum of N20,967,535,184.00 (Twenty Billion, Nine Hundred and Sixty-seven Million, Five Hundred and Thirty Five Thousand, One Hundred and Eighty-Four Naira was deposited into the Company’s account No.1216254641 domiciled in Zenith Bank Plc and you thereby committed an offence contrary to sections 5(1) (a), 16(1) of the Money Laundering Prohibition Act 2011 (as amended) and punishable under section 16 (2)(b) of the same Act.

“That you, Tsami Babi Resources Limited, a Designated Non-financial Institution, in year 2021, in Abuja within the jurisdiction of this Honorable Court, failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the total sum of N17,623,756, 150.00( Seventeen Billion, Six Hundred and Twenty-three Million, Seven and Fifty-six Thousand, One Hundred and Fifty Naira) was deposited into the company’s account No. 1017359121 domiciled in Zenith Bank Plc and you thereby committed an offence contrary to sections 5(1)(a), 16(1)(f) of the Money Laundering Prohibition Act, 2011, as amended and punishable under section 16(2)(b) of the same Act,” according to the statement.


The EFCC spokesperson noted in the statement that Ramallan-Yaro is charged alongside M.A.Y FINE FRAGRANCE LIMITED, a Designated Non-financial Institution for money laundering to the tune of N40 billion in the second 12-count charge.

One of the counts reads, “That you, M.A.Y FINE FRAGRANCE LIMITED, a Designated Non-financial Institution, between 19th day of May and 9th day of August, 2022, in Abuja within the jurisdiction of this Honourable court, failed to submit to the Special Control Unit Against Money Laundering, a declaration of your activities within which period the total sum of N15,761,938,147.00 was deposited into your account No.1222868021 domiciled in Zenith Bank Plc and you thereby Committed an offence contrary to Sections 6(1) (a), 19(1) (f) of the Money Laundering (Prevention and Prohibition ) Act, 2022 and Punishable under section 19(2)(b) of the Same Act.”

According to the statement, the defendant when the charges were read to him pleaded “not guilty”.

Prosecution counsel Faruk Abdullah, prayed the court to set a date for the prosecution to open its case against the defendant.

However, the defence counsel, J.B Daudu, SAN, prayed the court to grant the defendant bail.

Justice Egwuatu granted the defendant bail in the sum of N100million with two sureties in like sum. One of the sureties must be a public servant and the other a relation. The defendant is to further deposit her international passport with the court.

The judge adjourned till July 12 and 13, 2023 for commencement of trial.


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Gov. Makinde Appoints Perm. Secs, Accountant General, Executive Secretaries 




Governor Seyi Makinde has approved the appointment of Kikelomo Adijat Adegoke as the substantive Accountant General of Oyo State.




The Head of Service, Mrs. Olubunmi Oni mni, made this known in a statement on Friday in Abuja.




Oni said the appointment took effect on Thursday, May 26, 2023.




The Oyo State Governor has also approved the appointment of eleven Permanent Secretaries in the civil service.




The Permanent Secretaries include: Dr. Olabode Ladipo; Dr. Oyewole Tunde Aremu; Abosede Esther Owoeye; Ismail Abass Adebukola Bioku; Folajinmi Daramola Oni; Dolapo Oluremilekun Popoola; Hakeem Toyin Salami; Tajudeen Raji; Paul Amole Okunloye Oyekunle; Bassir Kolawole Kazeem and Taiwo Olafimihan Adewale.




Governor Makinde also appointed two Executive Secretaries. They include Olusola Orobode and Muibat Olaide Lasisi.




The Head of Service said the appointments came as a result of thorough screening and outstanding performance of the affected officers.

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Austin Avuru’s books now available following vacation of court orders.




Austin Avuru’s books are now available for purchase following the vacation of court orders issued by Federal High courts in Abuja and Lagos.

The Abuja court issued the injunction in July 2022 following a motion exparte filed by Tochukwu Peter Tochukwu, Esq but moved by Nsikan Samuel Ekpeyong Esq with motion No. M/9442/2022 dated 26th Day of July 2002 at an an Abuja High Court presided over by Justice SB Belgore.

The injunction was issued days to the scheduled public presentation of the books – My Entrepreneurship Journey and Politics, Economics and the Nigerian Petroleum Industry all by written by Austin Avuru – Founding CEO, Seplat Energy. The third book, Austin Avuru: A Safe Pair of Hands is a biography of the mercurial and methodical oil man written by the duo of Peju Akande and Toni Kan

Avuru had informed his invited guests of the suspension of the event and sale of the books via an e-message personally signed by him: “this event has been suspended by an Abuja High Court Injunction. Our lawyers are at work and, when we are permitted, we shall re-assemble at a later date.”

The retirement party and book presentation event had been scheduled for the 4th of August, 2022 at the Eko Hotels and Suites Victoria Island.

The court order had, among other prayers, restrained “the defendants, their privies, assigns, agents and howsoever described from proceeding to temper with the res – by taking any step geared at releasing or public presentation of the book titled or any other book(s) or any other venue pending the hearing and determination of the motion on notice.”

With the vacation of both injunctions, the reading public and friends of the author can now purchase copies of the books – My Entrepreneurship Journey, A Safe Pair of Hands and Politics, Economics and the Nigerian Petroleum Industry – from leading bookshops like Jazzhole, Terra Kulture, Quintessence, Glendora, Roving Heights, Spine and Label, Patabah etc as well as via

The books provide incisive and unique insights into the Nigerian oil and gas industry with special emphasis on the emergence of indigenous oil and gas players as well as Avuru’s place in the mix as founding partner and pioneer CEO of Seplat Energy Plc, a Nigerian and African success story that is listed both on the Nigeria and London Stock Exchange..

Geologist and publisher, Toyin Akinosho described My Entrepreneurship Journey as “a narrative on how to build, grow and sustain an upstream oil company” and “a masterpiece of economic and business analysis,” while A Safe Pair of Hands has been described as telling “a compelling story of excellence, resilience, doggedness and that unique can-do Nigerian Spirit,” and a “must-read for anyone who believes in potential.”

The third book, Politics, Economics and the Nigerian Petroleum Industry, is made up of 74 essays written and published between 1991 and 2022, in which Austin Avuru, “oil man, corporate mandarin and public intellectual shows by the example of thriving companies he has founded, nurtured and built into successful enterprises that his theories for creating value and building generational and sustainable wealth are more than just talk but well thought-out processes anchored in cleared-eyed analysis. In the book, Avuru provides clear insights that should guide policy and decision making at the highest levels.”

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El-Rufai’s son, Bello, takes second wife in Abuja



Bello El-Rufai, the son of the Governor of Kaduna State, Nasir El-Rufai has taken a new wife, Aisha Habibu in a private wedding in Abuja.

Aisha is the daughter of the former Military Administrator for Plateau and Niger states, Colonel Habibu Shuaibu.

Bello is a House of Representatives member-elect representing Kaduna North while Aisha is an entrepreneur who manages multiple personal businesses.

The private Nikkah held on Friday and the wedding will be celebrated with events in the coming month.

Recall that Bello in 2015 married Kamilah in Kaduna and Harrow Park, Abuja.

Kamila’s aunt, Maryam is the wife of the former Head of State, Ibrahim Gbadamosi Babangida.

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