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Seized N13bn Cash: Amaechi Demands N2bn From Fani-Kayode, Fayose’s Aide

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  • Amaechi Demands N2bn From Fani-Kayode, Fayose’s Aide

Minister of Transportation, Mr. Rotimi Amaechi, has written to a former Minister of Aviation, Chief Femi Fani-Kayode, and an aide to Governor Ayodele Fayose of Ekiti State, Mr. Lere Olayinka, citing character defamation over the allegation that he (the minister) owns the $43m (about N13bn) seized by the Economic and Financial Crime Commission in Ikoyi, Lagos.

Amaechi, in letters dated April 14, 2017, written on his behalf by his lawyer, Mr. Lateef Fagbemi (SAN), to the two men, said his client had been defamed by the claims of the two men.

Fagbemi is demanding N500m from Fani-Kayode as compensation for the alleged malicious posts by the former minister on his twitter handle on April 14.

He is also demanding two separate sums of N750m totalling N1.5bn from Olayinka as compensation for the alleged “malicious” posts by the Ekiti State Governor’s spokesperson on his facebook timeline and twitter handle on April 14.

In his letter to Fani-Kayode, Fagbemi said it was wrong for the former minister to assume that Amaechi owned the flat and the money found in it.

Fagbemi said as a lawyer, Fani-Kayode knew that he ought to approach the Land Registry, especially in Lagos State, where he said there were proper records of property owners, in order to verify the ownership of the property in question.

He said the former deliberately refused to carry out a diligent search in order to achieve a malicious aim.

Fagbemi said Fani-Kayode had claimed through his twitter handle that “The $43m is Rotimi Amaechi’s. He owns the flat (where) it was found in too (sic.). NIA story is fake news. NIA does not keep cash in minister’s flats.”

He said the story was a lie and that it was aimed at impeaching the integrity of his client, who he described as a two-term speaker of the Rivers State House of Assembly and a two-term governor of the same state.

Fagbemi said Amaechi neither owned the flat where the money was found nor owned the cash as well.

The letter reads in part, “Our client neither owns the cash nor the house where the cash was found and your story and claim are unfounded. As a matter of fact, our client does not own any house in Lagos State not to talk of keeping cash in one and your story is preposterous.

“Your twitter rant of 14/04/2014 at 04.16 was viewed by your 316. 000 followers, re-tweeted 1,209 times and made a favourite by 434 followers as of the time of writing this letter today at 7.15pm and the list is increasing by the minute and same has satisfied all the conditions needed for a successful defamation case against you.

“We have our client’s mandate to state to you unequivocally that the said twitter publication constitutes libel, and is defamatory of him as same (the claim) is aimed at impugning our client’s character and credit in the eyes of right thinking Nigerians and foreigners.”

In view of this, he gave Fani-Kayode a seven-day ultimatum to tender apology to the minister and that such apology be carried by five national dailies.

Fagbemi added that Fani-Kayode should pay his client N500m damages as “compensation for the malicious and defamatory claim.”

He threatened to sue the minister if the demands were not met within seven days.

The lawyer in two separate letters, each relating separately to facebook and twitter posts by Olayinka, demanded the sums of N750m as compensation for each of the posts.

Fagbemi quoted Olayinka as stating in the posts, “The Osborne Towers, a luxury residential complex in lkoyi, Lagos where EFCC said it found $43,449,947, £27,800 and N23,218,000 on Wednesday is owned by the Minister of Transportation. Rotimi Amaechi.

“The house was built by Alhaji Adamu Mu’azu, the former Chairman of PDP through a loan from GTBank.

“He could not repay the loan so GTB took over the house and allocated the Pent House to Mu’azu and two flats

“Rotimi Amaechi bought TWO of the flats (7A and 7B). He then gave 7A to Mo Abudu, the TV presenter, who is suspected to be his girlfriend.

But the flat 7B, where the money was found, belong (sic) to Rotimi Amaechi.

“This is believed to be cash kept for 2019 elections.

“Let’s see how the cover up game goes.”

He also accused Olayinka of falsely making adulterous imputation against his client, who he stated “contracted a valid statutory marriage within the Marriage Act, which prescribes a ‘one-man one-wife’ union.”

The letter relating to the twitter post read in part, “Your twitter post of 14/04/2014 as at 07pm today was viewed by not less than 12,000 followers, retweeted 38 times and made a favourite by nine followers as of the time of writing this letter.

“Please note that the list is increasing by the minute and same has satisfied all the conditions needed for a successful defamation case against you. May we state at this juncture that our client contracted a valid statutory marriage within the Marriage Act, which prescribes a ‘one man-one wife’ union.

“Your baseless assertion that our client bought a flat for one Mo Abudu, whom you also claim to be his girlfriend, raises the assertion that our client is adulterous and is unfaithful to his marital vows.

“We have our client’s mandate to state to you unequivocally that the said twitter publication constitutes libel, and is defamatory of him as same (the claim) is aimed at impugning our client‘s character and credit in the eyes of right thinking Nigerians and foreigners.

“In the light of the foregoing, and in the spirit of a second chance, we have our client’s instructions to give you an ultimatum of seven days from the receipt of this letter to issue an apology in five national dailies and on your twitter handle.

“Your apology, which should be heartfelt, must be a total withdrawal of your claim and its imputations must also contain an expression of deep regret for this unwarranted attack and must also contain a complete retraction of the false statement of yours.

“We also demand from you a sum of N750,000,000.00 (Seven hundred and Fifty Million Naira) as compensation for the malicious and defamatory claim.

“Please note that the demand will increase with time if you fail to retract the statement and publication immediately.

“Failure to do any of these would be met with stiff legal actions which your defamatory act deserves. A stitch in time saves nine!”

He reproduced the same content, making similar demands of apology and N750m compensation in the second letter in which he stated that Olayinka’s “Facebook post of April 13, 2017 was viewed by your over 5,000 friends with 47 friends liking it, 84 people commenting on it and 43 people sharing it as at the time of writing this letter.”

In his response, however, Fani-Kayode said he had not received any court letters from Amaechi.

In a statement by his media aide, Jude Ndukwe, the ex-minister said, “We have been inundated with calls concerning a threat by Rotimi Amaechi to sue Chief Fani-Kayode for defamation over the $43m issue.

“We are not losing any sleep over this matter. We have not received any court processes or letters from Amaechi but when we do so, our lawyers will respond vigorously and appropriately.”

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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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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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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