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N97Million Fraud: Rancco Water boss, Obiageli Anachebe (Odiuko), Partner in Prison, for defrauding business woman of N97m… Yet to meet bail conditions

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Mrs. Obiageli Anachebe alias Odiuko and her alleged fraudster partner and fake spiritualist, Innocent Chukwu, alias Ohamadike were recently re-arraigned at an Ikeja High Court for defrauding a business woman, Chief Vivian Amadife the sum of N97 million and a property worth N35m.

Odiuko and Ohamadike were first arraigned before Justice Oluwatoyin Ipaye of the Ikeja High Court, Lagos, by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding their victim of the huge sum of money and property under the guise of performing spiritual cleansing on her and her entire family.

Both suspects were arraigned on five count charge.

Odiuko, whom the prosecution counsel accused of jumping bail, forging and obtaining another international passport, after the EFCC confiscated her first travelling document, was granted bail with the sum of N2.5m.

As at the time of filing this report, Anachebe was still remanded at the female wing of Kirikiri Prisons, for failing to meet her bail conditions.

The court also told Anachebe, the owner of Rancco Water, Enugu to provide two sureties in like sum, who are also resident in Lagos and must show evidence of tax payments in the last three years, before she would be allowed to go home.

Anachebe, who wore a POP on her neck, was brought to the court in a mini Prison bus looking distraught and embattled.

When the matter came up again for second hearing on October 14, Justice Ipaye refused to grant the bail application of Ohamadike, the first accused.

Ohamadike, the notorious founder of Esoteric World Discovery Limited, was remanded at the same Kirikiri Prisons, pending when the case comes up again for full trial on October 28.

Meanwhile, a mild drama ensued in the court premises when the female and another armed male warder attached to Obiageli Anachebe aka Odiuko, refused some journalists covering the case from taking photographs of the suspect.

All efforts to get her picture and that of Ohamadike proved abortive as the tough talking warders threatened to deal decisively with any journalist who dares take their photographs without a written permission from the top echelon of the Nigerian Prison Services.

According to the anti-graft agency, Chukwu, alias Dr. Ohamadike, and Anachebe alias Odiuko, first collected N50million from the businesswoman, Mrs. Vivian Amadife, with the promise that the money would be used to solve all her problems spiritually, a claim the prosecution said the accused knew was false.

The prosecution said the accused committed the offence between October and December 2013, in Lagos.

According to the charge suit number ID/1332c/2015, it stated that the accused conspired to ‘obtain money by false pretences, stealing by fraudulent conversion and concealment of deed.

The offences, according to the Commission, contravened Section 8(a) and 1(3) of the Advanced Fee Fraud and Other Related Offences Act No. 14 of 2006 and Sections 285(9)(c) and 288 of the Criminal Law of Lagos State, 2011.

The charge further alleged that Chukwu, on ‘or about February 14, 2014, dishonestly converted another sum of N16.9 million property of Amadife and Pamela Ihediwa of Bluebeam Capital Ltd, Lagos.

He was accused to have ‘obtained the sum by claiming to have for sale, a United States dollar equivalent of the N16.9m which representation he knew to be false and dishonest.

It added that between October and December 2013, Chukwu also fraudulently and dishonestly obtained and concealed the title documents to a building valued at N35 million at No. 4, Nteje Street, New Haven, Enugu, property of Amadife.

The matter was adjourned till October 28, for full trial of the accused to start.

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Alleged N1.4bn Fraud: Witness Reveals How Kogi Assembly Candidate, Atumeyi Fraudulently Benefitted N681m from Union Bank Customers’ Accounts

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The first prosecution witness, PW1, Olusegun Falola, in the ongoing trial of Ismaila Yousouf Atumeyi, a Kogi State House of Assembly candidate of the New Nigeria Peoples Party, NNPP, and two others, on Monday, January 31, 2023, told Justice Tijani Ringim of the Federal High Court sitting in Ikoyi, Lagos how the sum of N681m (Six Hundred and Eighty-one Million Naira) was paid into Atumeyi’s business account.

Atumeyi is standing trial alongside Ngene Joshua Dominic and Abdulmalik Salau, a former employee of Union Bank Plc, on an 18-count charge bordering on alleged cybercrime and money laundering to the tune of N1.4bn.

Led in evidence by the prosecution counsel, Rotimi Oyedepo, SAN, Falola, an Internal Auditor and Team Lead, General Investigations, Union Bank Plc, told the court that “sometime in October 2022, during the periodic internal review of accounts of customers, we observed that some accounts that were placed on No-debit were debited.

“In the course of our review, it was observed that the methodology employed in debiting the said accounts was different from the way accounts are being debited in the normal banking activity.

“Based on this, the case was assigned to me for further internal investigation. During the review, I observed that beyond the few accounts that were referred to me for investigation, there were other numerous accounts that were being debited.

“Furthermore, the debits on these accounts were traced to two beneficiaries, Atus Homes Limited account and Fav Oil and Gas Limited.

“These two accounts received the sum of N681m and N1.38bn, respectively from the account of 429 customers.”

He also told the court that further investigations revealed that Atumeyi is the signatory to the Atus Homes Limited account, while the signatories to Fav Oil and Gas are Shuaibu Yusuf and Nurudeen.

According to him, all illicit debits on the customers’ accounts were done via internet banking on one of the bank’s platforms known as Union 360.

Giving further testimony, he said: “As at the time of investigation, over 600m had been withdrawn from the account of Atus Homes Limited and over N800m withdrawn from Fav Oil and Gas.

“We also realized that they were able to make those fraudulent transfers because the bank system was fraudulently manipulated.

“It was this realization that made us know that only a person with privileged information on the bank’s information technology could have carried out such illicit transactions.

“It was based on that knowledge that we reported the matter to the EFCC for further investigation.”

Oyedepo sought to tender the petition written to the EFCC, the correspondences between EFCC and the bank as well as the defendants’ statements of account that had been identified by the PW1.

However, counsel to the third defendant, Babatunde Ogunwo, objected to the admissibility of the attached statement of account on the grounds that the prosecution had not sufficiently complied with Section 84 (2) 2(4) of the Evidence Act.

“I strongly believe that the prosecution has not satisfied the provisions of Section 84 (2) 2(4) of the Evidence Act. All I heard the witness say is questions put to him by the prosecution.

“However Section 84(2) of the Evidence Act gives conditions more than what the witness has stated.

“There are four legs as stated by the Evidence Act and the witness has only answered one. These conditions have to be complied with.

“I humbly submit that the prosecution has not complied with the conditions stated for the admissibility of the statements of account”, Ogunwo argued.

Responding, Oyedepo said that the argument of the defence counsel was misconceived and also missed its target.

He, therefore, urged the court to discountenance the objection of the defence.

He also submitted that the certificate of identification as enshrined in the Section of the Evidence Act “is not a ritual that must be performed in achieving admissibility of computer-generated evidences.”

He further argued that “where the issue is as to the failure to comply with procedural steps towards admissibility, the order the court will make is not to reject the document, but to urge the tendering party to regularize.

“This document is relevant in the determination of this matter and I urge my Lord to so hold.”

In a short ruling, Justice Ringim overruled the objection of the defence and admitted the evidence in exhibit.

Justice Ringim also granted the second defendant, Dominic, bail on the same terms of the 3rd defendant, as granted on January 6, 2023.

The matter was adjourned to February 2, 2023 for continuation of trial.

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Transcorp increases power generation to the National Grid as it commissions rehabilitated GT Unit 20

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TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State. The rehabilitated unit, which has been successfully commissioned and synchronized to the national grid, bringing an additional 138MW to its existing capacity.
Engr. Vincent Ozoude, MD/CEO of Transafam Power Limited expressed his delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. “Since the administrative handover of the Afam Power Plant in March 2021, we have been working diligently to realize the full potential of the plant. We are pleased to have successfully completed the rehabilitation of GT20, having been out of service for over 15 years prior to our takeover. We are glad to have achieved this feat, using a combination of our in-house resources and other local technical support, with about 20% of foreign expert support in the rehabilitation project, showing our commitment to local content development,” Ozoude said.
“It is impressive how far we have come from 48MW average generation, when we took over, to raising production to 120 MW generation within the first two months,” Ozoude added, as he expressed appreciation to the company’s host community, Okoloma-Ndoki, and other stakeholders.
Dr. Owen Omogiafo, President and Group CEO of Transcorp, who was accompanied by the members of the Technical Committee of the Board of Directors, expressed delight at the commissioning of the rehabilitated Afam 5 GT 20 power generating unit, stressing its significance to Transcorp Group and their commitment to transforming the power sector in Nigeria.
“Our purpose at Transcorp Group is to Improve Lives and Transform Africa, one investment at time. We are pleased at the progress we are making to expand access to electricity in Nigeria through our investments in the power sector,” Dr. Omogiafo said. “You cannot achieve sustainable economic transformation without reliable power supply. It is that understanding that has led us at Transcorp, under the leadership of our Group Chairman, Mr. Tony O. Elumelu CFR to invest in the power sector. We are happy with the progress we are making in our power plants and strive to continue to optimize our available generation capacity, with improved gas supply, which has become increasingly challenging. We will also continue to build our local capacity by investing in human capital development and positive engagement with our host communities and stakeholders” Omogiafo added.
Transcorp Group had in 2013, through its power subsidiary, Transcorp Power Limited (TPL), acquired the 972MW gas-fired Ughelli Power Plant, which has since been phenomenally transformed. With the acquisition of Afam Power Plc, Transcorp has further cemented its position as a key player in the power sector.

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Banks Will Accept Old Naira Notes After Deadline, Says Emefiele

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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says banks will continue to accept old naira notes after the stipulated deadline.

Emefiele spoke on Tuesday when he appeared at an interactive session with the house of representatives ad hoc committee on the currency redesign and naira swap policy.

He said the CBN will also accept the old naira from banks after the February 10 deadline.

Emefiele made reference to the CBN act mandates the apex bank to continue to accept old notes after it’s expiration.

Section 20 (3) of the CBN act states: “Notwithstanding sub-sections (1) and (2) of this section, the bank shall have power, if directed to do so by the president and after giving reasonable notice in that behalf, to call in any of its notes or coins on payment of the face value thereof and any note or coin with respect to which a notice has been given under this sub-section, shall, on the expiration of the notice, cease to be legal tender, but, subject to section 22 of this act, shall be redeemed by the bank upon demand”.

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