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Reps Probe Attorney-General Of Federation, Malami, IGP Over Police Invasion Of Magodo Estate In Lagos

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Lawmakers at the House of Representatives on Tuesday mandated its Committees on Justice, Public Petition and Police to investigate the involvement of the Attorney-General of the Federation, Abubakar Malami, and Inspector-General of Police, Usman Baba Alkali, over their alleged involvement in the police invasion of Magodo Estate in Lagos.

It was learnt that the committees are to ascertain the alleged attempt to destabilise the peace of Lagos State and scuttle the ongoing settlement process and enforce an illegality.

The committees will also appropriate sanction for any police officer found culpable in the illegal enforcement and breakdown of law and order.

This was after a motion of urgent public importance moved at the plenary by Ademorin Kuye and Rotimi Agusoye at the Wednesday plenary.

Kuye recalled that the residents of Magodo GRA Phase 2, Shangisha, Lagos, woke up on the morning of December 5, 2020 to the sight of hundreds of armed thugs, stern-looking and fully armed policemen and members of the Shangisha Landlords Association purportedly to execute a judgment.

“The judgment that was supposedly being enforced was delivered in 2012 by the Supreme Court in Military Governors of Lagos State & Ors Vs Adebayo Adeyiga & Ors in Appeal No SC/112/2002 wherein the apex court affirmed the judgment of the Court of Appeal and the High Court delivered on the 31st of December 1993 in suit No ID/795/88.

“The declaratory judgment of the Supreme Court only recognised the judgment creditors as being entitled to the allocation and reallocation of 549 plots of land in Shangisha Village, not possession of any land.

“Several attempts have been made by the Lagos State Government from 2012-2015, to settle the matter amicably making different engagements with the judgment creditors presenting a proposal for reallocation in the Magotho Residential Scheme within the Badagry area of the state which some of them accepted.

“The Lagos State Government again in 2016 initiated a settlement to reallocate Ibeju Lekki Coastal Scheme located in the Ibeju Lekki Area but this was rejected by the lead plaintiff Chief Adebayo Adeyiga, as government continue to dialogue with majority of the judgment creditors to reach a concession towards implementing the judgment

“Despite the ongoing settlement efforts and the pendency of an interlocutory injunction dated Dec 1st 2020 before the Court of Appeal seeking an order restraining him and his agents, Chief Adeyiga purportedly encouraged by the Attorney-General of the Federation and the Inspector-General of Police stormed the estate with unknown bailiffs and armed security operatives to execute a judgment that was purportedly delivered by Lagos High Court.

“The execution being presently executed through the office of the AGF with the connivance of the IGP is illegal as only the Lagos State Deputy Sheriff can execute same and not thugs aided by Police men.

“The highhandedness and reckless show of force on the 5th of December, 2021 and the 4th day of January 2022 in Magodo by Chief Adeyiga and his cohorts in blatant disregard to Order 8 Rule 17 of the Supreme Court Rules 2014 and Section 37 of the Enforcement of Judgment and Order Part III of the Sherriff and Civil Process Act, LFN 2004 can lead to loss of lives and properties and ultimately breakdown of law and order.

“The Attorney-General of the Federation is destabilising Lagos State by using is office to back this illegality as a meddlesome interloper and the instrumentality of state – the Nigeria Police Force and their illegal court bailiffs, to scuttle ongoing settlement between the Lagos State Government, Magodo GRA 2 residents and the judgment creditors,” he said.

The motion was supported by majority of the members when put to voice vote by Speaker Femi Gbajabiamila and was eventually adopted.

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Contempt: Again, court commits EFCC boss, Abdulrasheed Bawa, to prison

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The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has been committed to prison for allegedly disobeying court order.

The court also directed the Inspector-General of Police, Usman Baba, to effect Bawa’s arrest and remand him in Kuje prison for the next 14 days until he purges himself of the contempt.

Justice R.O. Ayoola of the Kogi State High Court, in his judgement on Monday, granted the application for committal to prison of the EFCC chairman for disobeying a court ruling delivered on November 30, 2022, wherein the EFCC chairman was directed to produce the applicant in the case, Ali Bello.

Ali Bello had dragged Bawa to court for arresting and detaining him illegally, with the court ruling in his favour, only for the EFCC to arraign him for alleged money laundering three days after the ruling.

The EFCC’s applications for setting aside and stay of execution of the ruling were refused for want of merit.

The Court had, in Form 49, Order IX, Rule 13, marked, “HCL/697M/2022” and titled, “Notice to Show Cause Why Order of Committal Should not be Made,” asked the EFCC Chairman to appear before it on January 18, 2022 to explain why he should not be jailed for flouting the order given on December 12, 2022 in a case filed by Ali Bello against the EFCC and Bawa, as the 1st and 2nd respondents, respectively.

The court ordered that the EFCC and Bawa be served the motion of notice together with Form 49 by substituted means.

The court had declared the arrest and detention of the applicant in the face of a subsisting court order made by a court of competent jurisdiction and without a warrant of arrest “or being informed of the offence for which he was arrested” as unlawful, unconstitutional, and in contravention of the personal liberty and dignity of human person guaranteed under Chapter IV of the Constitution of the Federal Republic of Nigeria 1999 (as amended).

The court had also ordered the respondents to tender an apology to the applicant in a national newspaper and awarded N10 million compensation for him.

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Fidelity grows profit to N52 billion for FY 2022 

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Fidelity Bank Plc has announced an impressive growth in Profit Before Tax to N52 bn for the Full Year 2022. This was made known in the Bank’s unaudited statement of account presented to the Nigerian Exchange (NGX) on Wednesday, 31 January 2023.

 

According to the regulatory filing, the bank grew Gross Earnings by 33.9% to N335.897 billion (from N250.774 billion in FY 2021) and Net Interest Income by 61.1% to N152.813 billion (from N94.877 billion in FY 2021) leading to a Profit After Tax of N47.163billion for FY 2022 (from N35.579billion in FY 2021).

 

Similarly, Total Assets for the Bank now stand at N3.999trillion (from N3.289trillion in FY 2021) and Deposit from Customers is now at N2.591trillion (from N2.024trillion in FY 2021).

 

Analysts posit that this is yet another strong showing for the tier-one bank having sustained impressive performance year-on-year even in the face of the headwinds in the economy. Despite growing its Gross Earnings at an impressive rate, the bank has managed to record one of the lowest Non-Performing Loans (NPL) ratios in the Nigerian banking industry, for instance.

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Petition signatures to Emefiele over new naira hit 1653..

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Petition signatures to Emefiele over new naira hit 1653

 

Following the crisis over the non-availability of the redesigned N100, N200, N500 and N1000, over 1653 Nigerians have petitioned the Central Bank Governor, Mr Godwin Emefiele, to end what they termed ‘hardship’ on the citizens.

 

The petition, hoisted on the global change website, change.org, which was started on Friday, garnered over 1653 signatures on Saturday.

 

As of the time of filing this report, many bank customers have yet to access the new notes as many automated teller machines are either not dispensing cash or completely shut down because of the crowd.

 

Protests have erupted over the situation in some parts of the country and some banks vandalised by hoodlums, demanding access to their money lodged in several accounts.

 

 

 

There have also been controversial videos showing bank officials sabotaging the process by hiding the new notes behind old ones in vaults.

 

The President, Major General Muhammadu Buhari (retd.), has requested seven days from Nigerians to fix the mess.

 

Part of the petition stated, “The recent shortage of physical cash in Nigeria has caused major untold hardship to Nigerians. People are spending hours in long lines at banks just to withdraw cash, and many are forced to rely more on digital transactions which tend to be unreliable due to poor bank networks.

 

POS operators also charge outrageous amounts; as much as N1000 for a N10,000 withdrawal. The Central Bank of Nigeria has stated that the shortage is temporary, but it is causing serious disruption to the daily lives of many Nigerians.

 

“We call on the government, stakeholders, law enforcement agencies and the CBN to take urgent action to address the cash shortage crisis in Nigeria. We demand that the CBN increase the distribution of physical cash to meet the demand, and also any POS operator found charging outrageous amounts for withdrawal should be arrested.’’

 

Meanwhile, the National Association of Nigerian Students has expressed displeasure over the issue, noting that the process was not only ill-timed but also not well thought out.

 

Speaking to Sunday PUNCH during a telephone interview on Friday, National Vice President (External Affairs), Akinteye Afeez-Babatunde, said, “The whole situation is crazy. We are tired. Students are crying and complaining. They can’t get cash. The leaders have confirmed to us that they don’t care for the people. The policy is fine but the process to get it done is to the detriment of our own lives as Nigerians. Our day-to-day activities have been disrupted. Nigerians are suffering.’

 

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