- A Malaysian in Dock for Pulling €250m Fraud in Nigeria
The Economic and Financial Crimes Commission (EFCC) has arraigned a Malaysian national, Tan Ah Chai Richard, alongside his company, Coastal Asia Investment Limited for forgery and an attempt to obtain money by false pretence to the tune of €250,000,000.00.
The EFCC had filed a five-count charge against the suspect before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos.
One of the counts reads: “That you, Tan Ah Chai Richard, Coastal Asia Investments Limited and Dr. Sawang Jana (still at large), on or about the 27th September, 2018 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, conspired to commit felony to wit: forgery of Swift Telex Advice dated 27th September, 2018, indicating transfer of the sum of €250,000,000 to Coastal Asia Investments Limited account with Polaris Bank Plc (formerly Skye Bank Plc) from HSBC Bank Plc, London, United Kingdom.”
Another count reads: “That you, Tan Ah Chai Richard, Coastal Asia Investments Limited and Dr. Sawang Jana (still at large), on or about the 27th September, 2018 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, fraudulently used a false document to wit: a Swift Telex Advice dated 27th September, 2018, indicating transfer of the sum of €250,000,000.00 to Coastal Asia Investments Limited account with Polaris Bank Plc (formerly Skye Bank Plc), which you purported to be from HSBC Bank, London, United Kingdom by submitting the Swift Telex Advice to Chioma Omamegbe of Polaris Bank Plc (formerly Skye Bank Plc).”
The defendant, Tan Ah, however, pleaded not guilty to the charges preferred against him by the EFCC.
In view of his plea, Bashir M. Kamil, the prosecuting counsel, asked for a trial date and urged the court to remand the defendant in prison.
The defendant counsel, A.B. Onifade, pleaded with the court to remand the defendant in the EFCC custody.
Kamil, however, objected and explained that the EFCC facilities were already overcrowded.
Justice Dada, ordered Tan Ah to be remanded in Ikoyi Prison and adjourned the case to June 28, July 2 and 8, 2019.
NAHCO Says Strike Didn’t Cause Major Business Loss, Plans Salary Increment Dialogue With Workers
The Nigerian Aviation Handling Company Plc (NAHCO) has stated that the industrial action recently embarked on by airport workers did not cause a great loss in the sector.
It assured that negotiations on the agitation for salary increment for workers would begin on Wednesday, January 25, 2023 to Saturday, January 28th, 2023.
Investors King recalls that in the early hours of Monday, January 23, 2023, both local and international airports were shut down and flights grounded due to the strike of some aviation workers but at about 3pm that same day, the strike was called off and work continued.
In a press statement obtained by Investors King on Wednesday, signed by the Company Secretary, Dikko & Mahmoud Solicitors, Bello Abdullahi, clarifications were presented on what transpired.
Abdullahi explained that the industrial action was embarked on by some members of staff of the National Union of Air Transport Employees (NUATE) and Air Transport Senior Staff Services Association (ATTSSSAN) to request for salary increase and protest NAHCO Management as touching their demands.
According to him, their action was in violation of the pronouncement by the National Industrial Court on 20th January 2023.
“The withdrawal of services by the striking workers led to NAHCO Plc’s inability to provide service to our client airlines. The resultant effect was that scheduled flights were unable to operate from our airport stations across the country, thereby leaving passengers stranded across the various airports,” he stated.
Abdullahi disclosed that a meeting was held by the NAHCO Plc management, the affected unions, the Federal Airport Authority (FAAN), the Nigerian Civil Aviation Authority (NCAA), the Department of State Security (DSS) and other stakeholders at NAHCO Plc Head Office in Lagos on Monday.
He highlighted the resolutions enacted at the meeting as:
- The discontinuance of the suit filed against the NUATE and ATTSSSAN unions at the National Industrial Court.
- Issuance of a counteroffer to the Union’s demands by the NAHCO Plc Management before close of business of Monday, January 23, 2023.
- Commencement of negotiations on salary increment on Wednesday, January 25, 2023 and conclusion by Saturday, January 28th, 2023.
- The immediate resumption of all staff to work.
- Non-victimization of staff due to participation in the strike action.
The Company Secretary then assured the public and shareholders of the organisation’s commitment to quality delivery of aviation services.
DLM Capital Group Sponsors Employee’s Philanthropic Projects
DLM Capital Group, a development investment bank, partnered with the Shile Akinjo Charity Foundation (SACF) on two of its charity initiatives: “Love Feast on the Street” and “Back-to-School Project.”
Shile Akinjo, a corporate finance associate at DLM, started SACF in 2022 to support low-income families and the less privileged to fight poverty, receive decent health care, and achieve a basic education.
The “Love Feast on the Street” was held on the 17th of December 2022 to celebrate Christmas with over 400 kids at Makoko Slum, Yaba, Lagos. The day’s highlights include face painting, a dance competition, popcorn, food, drinks, and the gifting of party packs to the kids.
The “Back-to-School Project” was held on the 20th of January 2023, at The Light School and Boanerges School at Akesan, Alimosho, local government. All the pupils in basic 1–5 were given school supplies such as school bags, socks, notebooks, pencils, biros, erasers, rulers, crayons, water bottles, and snacks.
Shile Akinjo commented on the initiative, stating, “Happiness is as essential as food if a child is to develop into normal manhood or womanhood.” Being able to put smiles on these kids’ faces is fulfilling, and we will continue to carry out initiatives that support these goals. I am grateful to Mr. Sonnie Ayere and DLM Capital Group for their full commitment to these projects. I feel lucky to work for a company that supports and encourages its employees to do good things for the community.
In a statement highlighting DLM’s sponsorship of the projects, Chinwendu Ohakpougwu, Head of Corporate Communications, said: “At DLM, we are committed to impacting human lives. The management of DLM will continue to support good causes that promote the welfare of others.”
Passengers Stranded as Local, International Airports Officials Embark on Strike
In the early hours of Monday, aircraft commuters were stranded as the Nigerian Aviation Handling Company Plc (NAHCO) commenced industrial action over workers’ salary increase.
Investors King reports that several local and international airports were closed down leaving the passengers outside and unattended to.
This was observed at Murtala Muhammed Airport Terminal Two, (MMA2) Lagos, Murtala Muhammed International Airport, (MMIA), Air France/KLM, Qatar, Ethiopian Airlines, Delta Airlines, Virgin Atlantic, Turkish Air and some others where NAHCO handles check-in, boarding and ramp services.
Passengers have lamented the situation, saying that no information, notice nor emails were sent to them to inform them ahead.
One of the international airport customers, Alex Nwuba who already booked a flight to Qatar, said he was disappointed when a member of NAHCO staff told them that they will not attend to any passenger because they are on strike.
He said the Qatar flight he ought to board already landed in the morning but has flown to Doha since there is no body to handle it.
Travellers whose flights have been delayed or rescheduled called for urgent attention to forestall further grounding of flights.
Investors King learnt that the NAHCO management had a meeting with its staff on Sunday before embarking on the strike action on Monday.
According to an aviation analyst, Daniel Young, the situation will result in enormous financial losses by passengers if not solved timely.
“These individuals who pepertrate these actions are obviously oblivious of the long term efffects of some of those insensitive decisions they take. This behaviour by NACHO staff portrays the company as one whose self distruct code is activated. Even more so, it affects the overall perception of the country and the aviation industry,” he said.
Young urged the federal government to intervene before the matter gets out of hand as the country is currently going through a lot.
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