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FG Saves N4.5tn from Court Cases in Two Years

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  • FG Saves N4.5tn from Court Cases in Two Years

The federal government Wednesday said it had saved N4.5 trillion from its defence of cases filed against it in various courts.

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who made this disclosure after the weekly Federal Executive Council (FEC) meeting in the Presidential Villa, Abuja, also said about 15 politically exposed persons had entered into plea bargain with the government.

Malami who said he presented the scorecard of his ministry to FEC, added that the account of the prosecution of Boko Haram suspects in various courts was presented to the council.

“In respect of federal Ministry of Justice, what was presented to the council today (yesterday) is the score card from 2015 to 2017. The federal government has put in place a committee saddled with the responsibilities of coming up with policies and strategies that will ease off congestion of prisons.

“Over 70 per cent of the inmates are awaiting trials. There are sizeable number that couldn’t afford to pay limited fine that have been imposed by them arriving from their convictions.

“There are those awaiting trials that have never seen the court room for over five years and above and indeed, there are multiple legislations that are before the National Assembly that are intended to support the decongestion of prison formation process.

“We equally presented a score card of as both civil and criminal cases that were prosecuted by the Federal Ministry of Justice and their implications as to savings that were done for the government commencing from 2015 to the present time.

“Fundamentally, arising from the cases that were conducted by the Federal Ministry of Justice, the ministry has succeeded in saving the government around N4.5 trillion relating to the claims that were presented in respect of these cases which were indeed conducted and concluded.

“Added area over which we presented our scorecard has equally to do with the prosecution of Boko Haram cases which are ongoing. We presented a position as to the number of cases that were prosecuted, number of convictions that were procured and the number of discharges that were made relating to the cases and then made a presentation as to the roadmaps for the continuation of the process.

“There were other presentations that were made particularly as it relates to plea bargain. There are lots of pending criminal cases in respect of which of the accused persons standing trials made offers for plea bargain.

“Again there are high profile cases that we made our score card and gave an insight as to their respective positions. A presentation was made relating to national prosecution team as it relates to the cases they are expected to prosecute.”

Also briefing, the Minister of Foreign Affairs, Geoffrey Onyeama, said President Muhammadu Buhari gave a directive for the release of N7 billion to Nigerian embassies that are in serious financial distress.

He said: “Special intervention fund to rescue many embassies destroyed in several countries of the world. First was in 2016 when the naira was fluctuating terribly and of course, the dollars our embassies were receiving were too low to sustain them.

“We received initially N16.3 billion, and it was successfully distributed to all embassies. The second one was N933 million for renovations and other debts released in October, 2017.

“The third was $32 million that was released for critically distressed 65 missions that were in serious debts and crisis. This was approved in November 2017 and we are in the process of distributing to the embassies around the world.

“Another one, $28 million and is in the process of also being distributed and finally for ministry headquarters, the sum of N7 billion was made.

“A lot of the debts and the crisis in our embassies and missions around the world have been building over the last 10 years and Mr. President decided that he will no longer accept the situation where we are sending Nigerians out to represent this country and not given them the resources to be able to carry out their tasks. Hence he made provisions and directed that these funds should be released to them.

“So, the situation is still not perfect but this has come in very handily and of course in the interest of transparency, we wanted to show how these funds had been disbursed.”

In his briefing, the Minister of Transportation, Chibuike Amaechi, said FEC approved the construction of Ibadan-Kaduna rail line at the cost of $6.7billion.

He also said the council approved the reconstruction of the 20 year-old Bill Clinton Drive on Abuja Airport Road at the cost N1.9 billion.

Disclosing that the contract was awarded to CCECC, Amaechi said a contract of N273 million was also approved for supply of water treatment chemicals to the FCT Water Board.

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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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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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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