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$2.1bn Arms Scam: EFCC Arraigns Fani-Kayode Today

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Fani-Kayode
  • $2.1bn Arms Scam: EFCC Arraigns Fani-Kayode Today

The Economic and Financial Crimes Commission will on Thursday (today) arraign a former Minister of Aviation, Chief Femi Fani-Kayode, for allegedly receiving N26m from the Office of the National Security Adviser.

Some fresh money laundering charges were last month filed against Fani-Kayode by the EFCC before the Federal High Court sitting in Abuja.

Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016, before Justice John Tsoho of the Federal High Court in Abuja.

The EFCC in the fresh case filed five counts in which it accused the defendant of diverting N26m allegedly received from the ONSA while Sambo Dasuki was in office.

The anti-graft agency also accused him of handling the said N26m without going through financial institution as required under the Money Laundering Act.

The embattled former minister is already facing 17 counts of money laundering before the Lagos Division of the court, along with a former Finance Minister, Nenadi Usman; Danjuma Yusuf and a firm, Joint Trust Dimension Nig. Ltd.

They were charged with unlawful retention, unlawful use and unlawful payment of money to the tune of N4.9bn.

Meanwhile, the EFCC has commenced moves to remand a Senior Advocate of Nigeria, Mr. Godwin Obla, for allegedly paying N5m into the bank account of a Federal High Court judge, Justice Rita Ofili – Ajumogobia.

Obla, who has been in EFCC detention for the last two days, is also a former EFCC prosecutor.

A source at the EFCC said, “We still need to keep him for interrogation. We will therefore approach a court to get a remand order.”

The Punch had exclusively reported on Tuesday that Ofili-Ajumogobia was quizzed by the EFCC for allegedly receiving N5m from a senior advocate through her bank account.

On Wednesday, Obla, who used to be an EFCC prosecutor, was identified as the senior advocate who made the mysterious payment and was detained by the EFCC.

However, while the judge told detectives that the N5m was a deposit for a N40m property she sold to Obla in 2015, the senior advocate denied having any transaction with the judge, adding that he was deceived into paying N5m into the account.

A detective at the EFCC said, “Obla arrived at the Lagos office in the afternoon in response to an invitation. Obla is being queried in relation to an allegation of the payment of N5m to a company in which Justice Ofili-Ajumogobia has interests.

“The High Court judge had earlier told operatives during interrogation that the money was a part payment for a property she sold to the lawyer in Abuja for the sum of N40m sometime in 2015.

“But Obla’s response contradicted the judge’s position. The senior advocate told investigators that the money was meant for buying of building materials (iron rods) for a building he was putting up in Abuja and not for buying of any property.

“Obla explained that in one of his trips to Lagos, he ran into the judge who had been a contemporary in university days and asked her where he could get very good building materials in Lagos.

“He said the judge gave him the name of someone who plies the trade. She provided the company’s name and the account number for the transaction. Obla said he paid the money and goods were supplied. When asked the name of the trader, receipt of transaction and delivery evidence of the goods, the learned silk said he could not remember the name of the trader or his location neither was there any receipt or delivery note for the transaction.”

The EFCC source, however, revealed that it was able to establish that the company which owned the said account belonged to Ofili-Ajumogobia and her children.

He added, “The account number the N5m was paid into by the senior lawyer has been confirmed earlier to be a company belonging to the female judge and her children. The registered company, not known to be engaged in building materials or any viable business is suspected to be surreptitiously set up for the purpose of warehousing proceeds of gratification.”

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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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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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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