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Drama as Fayose Forces EFCC to Release Fani-Kayode’s Wife

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  • Drama as Fayose Forces EFCC to Release Fani-Kayode’s Wife

The Economic and Financial Crimes Commission on Monday detained Mrs. Precious Fani-Kayode, who is the wife of a former Minister of Aviation, Mr. Femi Fani-Kayode, in Ado Ekiti for hours.

Precious, who was a guest of Governor Ayodele Fayose, had gone to a branch of Access Bank in Ado Ekiti around 3pm when she was detained by officials of the bank.

Sensing that she was not being promptly attended to, she inquired from officials what the problem was and was told she was being detained on the instructions of the EFCC.

Precious, who had her eight-month-old baby with her at the time, was prevented from leaving the banking hall thereafter.

It took the intervention of Fayose, who led scores of supporters to the bank around 7pm to secure her release.

Speaking with our correspondent after the incident, Mrs. Fani-Kayode lamented that she was badly treated by the officials while her baby was denied food.

She stated, “I’m not a politician and that account had been dormant for about five years. I only activated it last month in Port Harcourt.

“I decided to go to Access Bank to make some withdrawals when I was detained on the instructions of the EFCC.

“They told me the account had been frozen and they were asked by the EFCC to arrest me on the spot.

“I have been operating the account since 2005 when I was a student in the university. They had earlier frozen my two bank accounts which they have not opened till today and I have been waiting for them to invite me, but up till today, they have not.

“The balance in the account is just N200,000; so, I don’t know what their interest is. I’m a private person. I have not received any political fund; so, why are they trying to starve my family?

“That account has nothing to do with politics. This is dehumanising. I had to call the governor to inform him of the development.”

Condemning the action of the EFCC and the attitude of the bank officials, Fayose warned the anti-graft agency against becoming lawless and reckless against Nigerians.

He asked the commission to prepare for a stiff resistance if it did not stop “persecuting” him and his friends.

Fayose added, “They can’t try that nonsense in my state. If they try it, there will be a showdown. They are over-stepping their boundary. This is a country that operates a constitution. What kind of molestation is this, taking away the rights of Nigerians because you are investigating?

“Must they terrorise people because they are in opposition? I have demanded an apology from the bank. If it fails to do that, I’m done with them. This is lawlessness.”

In a telephone interview with our correspondent, Femi Fani-Kayode, a chieftain of the Peoples Democratic Party, urged the government to leave his family members alone and face him.

Fani-Kayode stated, “This government is sick and cowardly and so is the EFCC. If you have a problem with me, face me and leave my family alone.

“My wife travelled to Ado Ekiti to see my friend and brother, Governor Fayose, and his family. They were on their way out of town when they went to Access Bank in Ado Ekiti to get some money.

“They were illegally detained, brutalised and put under arrest on the orders of the EFCC at a bank in Ado Ekiti today.

“She has never had any business with me; she has never been formally invited by the EFCC or asked any questions about her transactions and neither has it written to her on any issue even though it is always sending letters to my house and sending people there.

“If Buhari wants to deal with me, why doesn’t he face me like a man instead of trying to harm and hurt my eight-month-old son and wife.

“Had it not been for the intervention of Governor Ayo Fayose, they would have taken them away and subjected them to all manner of harm and indignity simply because she is married to me.

“This is Buhari’s Nigeria and we will resist his wickedness and tyranny.”

Fani-Kayode said he intended to sue the bank and the EFCC for this “illegal and wicked action.”

He added, “They have no right to do this. If they want to see my wife, all they need to do is to invite her. We have nothing to fear. They do not need to be so primitive and barbaric to people.

“In an attempt to starve and harass me and my family, all my accounts and wife’s accounts have been frozen.

“Now, they are resorting to arresting people’s wives and children for no just cause.”

In its reaction, the EFCC denied detaining Fani-Kayode’s wife and the son.

In a statement by the commission’s spokesman, Mr. Wilson Uwujaren, on Monday night, the anti-graft agency said the ex-minister’s wife attempted to withdraw money from an account which the agency had frozen.

The statement read in part, “Contrary to the spin about the purported arrest of mother and child, a certain Chikwendu Sonia today attempted to withdraw money from an Access Bank account that had been placed on ‘Post No Debit’ Category, following the discovery of illicit cash flows into the account.

“She was intercepted by the bank while the commission was notified, but because it was late, the EFCC advised that the suspect be taken to the police station for processing and release on bail.

“They were arranging to take the suspect to the police station when Governor Ayo Fayose stormed the bank with thugs and his personal security and forcefully secured the release of the suspect, with claims that the EFCC had no power to detain anybody in his state. He also vowed to close down the branch of the bank.

“The said account, which had a balance of N2,307,712.82, was flagged following investigation into the PDP Joint Trust Fund when the commission traced N1.1bn to the Zenith Bank account of Fani-Kayode.

“It was discovered that the account had two biometric identification numbers, one for Fani-Kayode and the other (with BVN 2205597283) for Sonia Chikwendu. The same BVN is linked to two other accounts in Diamond Bank and 15 accounts in Guaranty Trust Bank.”

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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Lagos Eyes Investment Surge as Sanwo-Olu Unveils Growth Strategy

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Governor Babajide Sanwo-Olu of Lagos State is spearheading a bold push to attract significant investment inflow to boost the state’s economic growth.

During a Pre-Summit Investor Roundtable at the Africa Social Impact Summit (ASIS 3.0), held at Eko Hotels and Suites, the governor outlined strategic opportunities for investors.

With the theme “Invest Lagos – Investment Opportunities,” the summit was organized by the Sterling One Foundation in collaboration with the Ministry of Commerce, Cooperatives, Trade, and Investment.

Attended by business leaders, chambers of commerce, and industry captains, the event underscored Lagos’ potential as a hub for economic activity.

Sanwo-Olu highlighted Lagos’ positive economic outlook, citing an expanding population and sustainable infrastructure as key growth drivers.

Despite challenging business environments, the state’s economy has shown resilience, welcoming new investments while sustaining existing ones.

The governor emphasized reforms aimed at improving the ease of doing business. He mentioned that digitizing services had reduced bureaucratic hurdles, fostering a stable business climate.

Sanwo-Olu assured potential investors of the state’s commitment to creating a supportive environment that ensures returns and security for investments.

“In the last five years, Lagos’ GDP has grown by 50 percent,” Sanwo-Olu stated. “We aim to sustain this growth and ensure the gains of the past years are not reversed.”

Sanwo-Olu identified sectors ripe for investment, including transportation, tourism, health insurance, and waterways. He expressed the government’s dedication to advancing development plans in these areas.

Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, highlighted Lagos’ economic strides, noting that the state’s GDP had increased from N27 trillion to N41 trillion in five years.

She detailed strategic investments, particularly the allocation of N550.7 billion for infrastructure in 2024, and the commitment of N44.33 billion to food security initiatives.

Sterling Bank’s Managing Director, Mr. Abubakar Suleiman, pointed out that economic growth in Africa is often hindered by an unstable investment climate.

The summit aimed to build investor confidence by fostering trust and transparency in business environments.

“Lagos remains a leading destination for investors,” Suleiman noted. “The state provides clarity and access to markets, maintaining consistency in its investment strategies.”

Sanwo-Olu’s administration continues to focus on diversifying Lagos’ economy through strategic investments in various sectors.

The state’s proactive approach has positioned it as a global city and an emerging African financial center.

The governor’s initiative is expected to further solidify Lagos’ reputation as a prime investment destination, paving the way for sustained economic growth and development.

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Vice-President Harris Gathers Momentum as Democratic Nominee

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Vice-President Kamala Harris has secured the support needed to become the Democratic nominee for president.

This was after President Joe Biden announced he would not seek re-election, endorsing Harris as his successor.

According to CBS News, Harris has received endorsements from over 1,976 delegates, surpassing the threshold needed to clinch the nomination in the first round of voting at the Democratic National Convention (DNC) scheduled for August.

Delegations from at least 27 states have expressed full support, showcasing a strong backing across the nation.

In her address to campaign staff in Wilmington, Delaware, Harris expressed gratitude for the widespread support, adding that she committed to uniting the party and the country.

“We have 106 days until Election Day, and in that time, we have some hard work to do,” she stated.

Harris laid out her vision for America, contrasting it with that of her likely opponent, Donald Trump.

Speaking on the direction of the campaign thus far, she said “Our campaign has always been about two different versions of what we see as the future of our country. One focuses on the future, the other focuses on the past.”

She acknowledged the accomplishments of the Biden administration, highlighting her pride in serving as vice-president.

“My time serving as vice-president was one of the greatest honors of my life,” Harris said, underscoring her dedication to continuing the work they started.

In a phone call to his campaign team, Biden praised Harris, urging his supporters to rally behind her. “I’m hoping you’ll give every bit of your heart and soul that you gave to me to Kamala,” he said.

Despite stepping back from the race, Biden vowed to remain actively involved in supporting Harris and emphasized the importance of defeating Trump, calling him “a danger to this nation.”

Harris’s nomination marks a significant milestone, but challenges remain. The campaign will focus on addressing key issues such as healthcare, climate change, and economic inequality.

With millions of dollars pouring into her campaign since Biden’s announcement, Harris aims to capitalize on the momentum and build a coalition that appeals to a broad spectrum of voters.

As the DNC approaches, Harris is expected to formally accept the nomination, solidifying her position as the Democratic leader.

The coming months will be crucial as she works to unite the party and reach out to undecided voters. With her historic nomination, Harris stands poised to make a lasting impact on the future of American politics.

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President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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