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EFCC Re-arraigns Orji Kalu, Others for Alleged N3.2bn Theft

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Money Laundering

A former governor of Abia State, Orji Uzor Kalu; his ex-aide, Jones Udeogo and Kalu’s company, Slok Nigeria Limited, were on Tuesday arraigned before a Federal High Court in Abuja by the Economic and Financial Crimes Commission, nine years after their cases were stalled.

Also, the EFCC on Tuesday arraigned the immediate past Chief of Naval Staff, Vice Admiral Usman Jibrin (retd.) and three others for alleged diversion of N600m.

Kalu and others had been initially arraigned in 2007 before Justice Adamu Bello of the Federal High Court, Abuja (now retired).

They were arraigned in an amended 34-count charge over an alleged diversion of about N3.2bn from the Abia State Government’s treasury during Kalu’s tenure as governor.

Before their arraignment, Kalu and others had argued against the proceedings, and urged the court to await the pending appeal by Slok pending at the Supreme Court.

But Justice Anwuri Chikere rejected their objection to their arraignment and ordered that the charges be read to them.

When the charges were read to them, the accused persons pleaded not guilty, while the court granted them bail on the terms attached to the bail earlier granted them on April 30, 2008 when they were earlier arraigned before Justice Bello.

The court adjourned the case till December 6 for the commencement of trial.

After pleading not guilty to the charges, lawyer to the ex-governor, Awa Kalu (SAN), urged the court to allow them to remain on the bail earlier granted them.

He gave to the court a copy of the enrolled orders made in 2008 by Justice Bello, granting bail to Kalu and Udeogo.

Counsel for Udeogo, Solomon Akuma (SAN), aligned with Kalu’s lawyer and urged the court to adopt Justice Bello’s position.

The EFCC counsel, Rotimi Jacobs (SAN), did not however object to the position canvassed by the defence lawyers, saying he was interested in their trial.

Others the EFCC arraigned with Jibrin include Rear Admiral Shehu Ahmadu (retd.), who was the Commander, Central Pay Office; and Rear Admiral Bala Mshelia (retd.), who is a former Chief of Naval Accounts and Budget.

The EFCC also arraigned a firm, Habour Bay International Limited, which allegedly helped the accused persons to perpetrate the fraud.

The ex-naval officers were arraigned before Justice A. S Umar of the FCT High Court sitting in Maitama, Abuja on four counts bordering on criminal conspiracy.

The anti-graft agency alleged that the naval chiefs whilst in office allegedly bought a house worth N600m from the account of Naval Engineering Services without the said purchase contract being captured in the budget.

It was also alleged that the documentation for transfer of ownership of the property was done such that a private company owned by the family of Jibrin became the buyer.

The offence is in contravention of Section 26 (1) (b) and punishable under Section 22 (4) of the Independent Corrupt Practices and other related offences Commission Act 2000.

The defendants pleaded not guilty when the charges were read to them.

In view of their plea, counsel for the EFCC, Abdullah Faruk, asked the court for a date for commencement of trial.

However, Y. C. Maikyau, (SAN), representing Jibrin and the firm, through an oral application made pursuant to Section 36(5) of the 1999 Constitution sought for the bail of his clients.

Maikyau told the court that the defendants had been enjoying administrative bail granted them by the EFCC and had never breached any of its terms.

The counsel stated that though he had earlier filed and served the prosecution with a formal bail application, he felt the need to move an oral application subject to the discretion of the court.

Counsel representing Mshelia and Ahmadu also requested bail based on Jibrin’s argument.

Justice Umar after listening to the submissions of counsel on both sides, remanded the accused persons and adjourned till Wednesday (today) for hearing on the bail application.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Government

EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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