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Court Refuses to Unfreeze Patience Jonathan’s $15m Account

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  • Court Refuses to Unfreeze Patience Jonathan’s $15m Account

A Federal High Court in Lagos on Monday refused the request by former First Lady, Patience Jonathan, seeking to unfreeze her accounts with about $15.5 million.

Justice Mohammed Idris ordered parties to file pleadings since issues had been joined as to the ownership of the money.

The judge held that all the defendants formulated different issues from those formulated by the plaintiff (EFCC) in the originating summons, saying it was unacceptable.

“The issues formulated by all the defendants are baseless. They amount to no issue and will be ignored by the court.

“I hold that this court lacks the competence to determine the issues raised by the defendants in their written addresses, having abandoned the specific issues formulated by the plaintiff in the originating summons.

“It is unfortunate. I say this because the issues raised by the defendants appear on the face of it, are good and deserving to be considered on their merit.

“But as I understand it to be the law, sentiment has no basis in the adjudicatory system.”

Justice Idris said where processes were not properly prepared, any defect would render the proceeding fatal as the court cannot “re-formulate” the issues for determination.

He held that there was a contention as to issues and facts in relation to the ownership of the money.

“In respect of this issue, the contention appears divided and there is clearly an air of friction in the proceedings.”

According to him, all the counter-affidavits filed by the defendants contain disputed facts that cannot be decided without oral evidence.

“In the light of the above affidavit evidence, it cannot in my view be rightly contended that there are no disputed facts or substance as to the ownership of the said funds and the law.

“The issues of fact raised by the defendants herein are not spurious or irrelevant. The affidavit of the plaintiff is also not conjectural.

“In my view, the facts are contentious and oral evidence needs to be led by the parties herein. “In the light of the above facts, this case is generally not suitable for an originating summons procedure.

“In the circumstances, the court hereby orders that the parties herein file pleadings in accordance with the Federal High Court Civil Procedure Rules 2009.

“Trial shall then proceed accordingly. This is the order of the court,” Justice Idris held.

The News Agency of Nigeria (NAN) recalls that Mrs. Jonathan had prayed the court to order the EFCC to unfreeze her Skye Bank accounts to enable her access the money.

She joined as respondents: EFCC, Skye Bank Plc, Mr. Jonathan’s former aide, Waripamo-Owei Dudafa, Pluto Property and Investment Company Ltd., and Seagate Property Development and Investment Company Ltd.

Also joined are Trans Ocean Property and Investment Company Ltd. and Avalon Global Property Development Ltd. as respondents.

On September 15, 2016, when they were arraigned, the companies, had through their representatives, pleaded guilty before Justice Babs Kuweumi, to laundering the money.

They were charged along with Dudafa, Amajuoyi Briggs and a banker, Adedamola Bolodeoku, for laundering the money.

Unlike the companies, Messrs. Dudafa, Briggs and Bolodeoku pleaded not guilty to the 17-count charge.

In a supporting affidavit to Mrs. Jonathan’s suit, deposed to by one Sammie Somiari, he said that Dudafa helped the former first lady to open the accounts.

He said Dudafa on March 22, 2010, brought two Skye Bank officers, Demola Bolodeoku and Dipo Oshodi, to meet Mrs. Jonathan.

The deponent had claimed that Mrs. Jonathan was the sole signatory to the accounts and that she had no relationship with the companies.

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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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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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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