FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

Image
 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...

FRAUD: COURT REFUSES TO VACATE BENCH WARRANT AGAINST EX-ENUGU GOV. NNAMANI.

Image result for Nnamani
         Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Friday, January 19, 2018, refused a plea by a former governor of Enugu State, Chimaroke Nnamani, to vacate the bench warrant issued against him over an alleged N5.3billion fraud. 
Nnamani, his former aide, Sunday Anyaogu, and six companies was first arraigned in 2007 for allegedly conspiring to divert about N5.3bn from the coffers of Enugu State.The case, which had been handled by no fewer than three judges, was in December 2017 transferred to Justice Obiozor, who fixed December 4, 2017 for the re-arraignment of the defendants.The judge, however, issued a bench warrant for the arrest of Nnamani and Anyaogu for their failure to appear in court at the last adjourned date.At today’s sitting, Justice Obiozor, in refusing Nnamani’s prayer moved by his lawyer, Rickey Tarfa, SAN, held that ā€œThe request for an order to discharge the bench warrant against the first defendant before me, for now, is hereby refused. This is without prejudice to the renewal of the application at the next adjourned date.ā€ The judge also struck out an application filed by Tarfa, challenging the court's jurisdiction and seeking a perpetual injunction to restrain the Economic and Financial Crimes Commission, EFCC, from arresting his client, after he (Tarfa) had asked to withdraw same. Tarfa had contended that there was no valid charge against his client before the court, after he had earlier withdrawn the application.He told the court that a plea bargain had been entered in the case, leading to the conviction of the 3rd to 8th defendants.However, in his response, the prosecuting counsel, Kelvin Uzozie, told the court that, though there was a plea bargain in respect of the 3rd to 8th defendants, the case of Nnamani and Anyaogu, who were joined as first and second defendants, had yet to be concluded."We are working on an amendment of the charge to reflect the proper situation. We will ask the court to indulge us by way of an adjournment to bring a clean copy of the charge sheet," Uzozie added.Justice Obiozor granted the application for adjournment, as the defence counsel did not oppose it. Consequently, Justice Obiozor adjourned to February 20, 2018.
Image result for Nnamani

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

ACTOR BABA IJESHA APPEALS FIVE-YEAR JAIL SENTENCE FOR SEXUAL ASSAULT. (PHOTO).