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EFCC Chair: Court Flooded With 17 Suits Over Magu

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  • EFCC Chair: Court Flooded With 17 Suits Over Magu

No fewer than 17 suits on the propriety or otherwise of Mr. Ibrahim Magu remaining as the Acting Chairman of the Economic and Financial Crimes Commission have been filed before various divisions of the Federal High Court.

Lawyers, who appeared before Justice Gabriel Kolawole of the Federal High Court in Abuja when one of the cases came up on Tuesday, said a related case was filed in the Yola Division of the court in Adamawa State, while another case on the same subject is before the Kano Division of the FHC.

Thr Majority of the cases were said to be pending before various judges of the Abuja Division of the court.

It was learnt that some of the 17 cases were in support of Magu, while the rest sought Magu’s removal from office on the grounds that he had been rejected by the Senate.

Meanwhile, when one of the pro-Magu suits came up before Justice Kolawole on Tuesday, two lawyers, representing two different law firms, presented separate letters of engagement to them to represent the Senate President, Dr. Bukola Saraki, and the Senate.

While Mr. S. O. Alhassan presented a letter, which engaged his law firm in June, Mr. Peter Abang presented a letter briefing his law firm in August.

The judge directed the two lawyers to sort out the conflicting briefs they got from the Senate before the next hearing date for the particular suit.

The particular suit was instituted by a Senior Advocate of Nigeria, Mr. Jibrin Okutepa, who was represented on Tuesday by Mr. Ocholi Okutepa.

President Muhammadu Buhari, the AGF, the National Assembly, the Senate and Saraki are the respondents to the suit.

But before the case was adjourned on Tuesday, Mr. Musa Abdul, who represented the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), sued as the second defendant, told the judge that the AGF had written to the former Chief Judge of the court, Justice Ibrahim Auta, seeking the consolidation of the cases.

He explained that the AGF’s office was aware of 10 cases in respect of Magu’s chairmanship of the EFCC and was therefore necessary to have the cases heard by one judge in order to avoid a situation where judges of the FHC would give conflicting decisions on the same subject matter.

Abdul stated that the former Chief Judge had also replied the AGF’s letter.

But one of the two lawyers, seeking to represent the Senate and Saraki in the case, Abang, said he was aware of 17 cases.

“There are, in fact, 17 cases on this subject matter. In fact, I will be appearing before Justice A. R. Mohammed in another case concerning the subject matter immediately I leave this court.

“We also have a similar suit in the Kano Division of the court,” he added.

He said his law firm had also formally requested the Chief Judge to consolidate the cases.

The other counsel, Alhassan, also intimated the judge about the case pending before the Yola Division.

After listening to the parties, Justice Kolawole directed them to bring to the attention of the Acting Chief Judge of the FHC, Justice Abdu Kafarati, efforts that had been made to get the cases heard by one judge.

He agreed that there was the need for the cases, including those filed in Kano and Yola, to be consolidated to avert “conflicting decisions” by the Federal High Court on the same subject matter.

He adjourned for about four weeks to await the directive of the Acting Chief Judge.

Justice Kolawole also noted that Alhassan and Abang, who were both seeking to represent the Senate and Saraki, “cannot be heard as currently constituted.”

The judge urged the two lawyers to “put heads together” and sort out their representation for the Senate and Saraki before the next hearing date.

The judge adjourned until November 1.

A lawyer, Mr. Oluwatosin Ojaomo, had earlier filed a suit seeking a declaratory order deeming that the Senate had confirmed Magu as the substantive Chairman of the EFCC.

In his originating summons, with suit number FHC/ABJ/CS/59/17, the plaintiff asked Justice John Tsoho to hold that the Senate lacked the statutory powers to reject the appointment of Magu having been validly nominated by President Muhammadu Buhari in consonance with the EFCC (Establishment) Act, 2004.

The suit joined Saraki and the AGF.

In the 17-paragraph affidavit of urgency deposed to by the plaintiff, he wanted the court to hold that Magu’s appointment by Buhari was based on his sterling performance at the EFCC.

He added that Magu had courageously fought corruption in Nigeria according to his mandates and had successfully “recovered humongous sums of money” from the looters of the Nigerian treasury.

The plaintiff noted that Saraki and his wife were part of the persons currently being investigated by Magu.

He stated that the development implied that Magu would never get fair hearing before a Senate presided over by Saraki.

Also, two groups, Save Nigeria Group and Kingdom Human Rights Foundation International, on July 7, withdrew their suit filed in December 2016, seeking orders compelling Buhari to declare the chairmanship position of the EFCC vacant.

The plaintiffs had, also in the same suit, urged the court to compel Buhari to sack the suspended Secretary to the Government of the Federation, Mr. Babachir Lawal.

But upon an oral application by the plaintiffs’ lawyer, Mr. Kindgdom Okere, on Friday, seeking the withdrawal of the suit, Justice Tsoho struck out the case.

Speaking with our correspondent after the July 7 proceedings, Okere had told our correspondent that the boards of the plaintiffs had reviewed the activities of Magu as acting Chairman of the EFCC and had decided to support him.

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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