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

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 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...

200-LEVEL STUDENT BAGS ONE YEARS YEAR WITH HARD LABOUR OVER DATING FRAUD YESTERDAY.{PHOTO}.

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        Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos on Thursday, February 14, 2019, sentenced Festus Ojomola, an internet fraudster to one year imprisonment with hard labour for possessing fraudulent documents and engaging in dating scam.
Ojomola was arrested by the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, in May 2018 following intelligence report the Commission received on the activities of some persons alleged to be involved in love scam.
He was arraigned on February 13, 2019 on an amended two-count charge. The first count reads: "that you, Festus Olaoluwa Ojomola (a.k.a Lizzy Miller), on or about the 29th June, 2018, in Lagos within the jurisdiction of this honourable court, had in your possession hang-out chats wherein you presented yourself as Lizzy Miller to David Waters, a representation you knew to be false and thereby committed an offence contrary to Section 318 of the Criminal Law of Lagos State."
The second count reads: "that you, Festus Olaoluwa Ojomola (a.k.a Lizzy Miller), on or about the 29th June, 2018 in Lagos, within the jurisdiction of this honourable court, had in your possession hang-out chats, wherein you represented yourself as Lizzy Miller to Joe Badess, a representation you knew to be false and committed an offence contrary to Section 318 of the Criminal Law of Lagos State." He pleaded guilty to the charges.
At yesterday’s sitting, the prosecution counsel, G. C. Akaogu, filed a review of facts dated February 13, 2019 and served same today.
He said: "Sometime in May 2018, the Economic and Financial Crimes Commission received intelligence report on the activities of some persons involved in internet scam. The operatives of the Commission swung into action and arrested the defendant with electronic devices such as a laptop, an apple macbook and an Iphone.
"The devices were analysed and documents containing false pretences were found in them. When he was confronted with the documents, he admitted to be involved in dating scam.ā€
The prosecution counsel further presented before the court a certified true copy of the intelligence report dated May 7, 2018, confessional statements of the defendant dated June 29, 2018 and the attestation letter.
He also tendered in evidence the electronic devices and hordes of scanned documents retrieved from the defendant. He urged the court to rule for a forfeiture of the devices to the Federal Government and convict the defendant.
The defence counsel, A. Eze Ugboaja, however, pleaded with the court to temper justice with mercy in sentencing her client.
She noted that "the defendant is a young man of 20 years and a 200-level student of Environmental Management and Toxicology at the University of Agriculture, Abeokuta, Ogun State, and the only son of his mother who is a widow and a petty trader striving to raise responsible children."
Justice Dada convicted the defendant on both counts and sentenced him to one year imprisonment, which commenced from his time of arrest on September 3, 2018 with an option of N200,000.00 fine (Two Hundred Thousand Naira) only and a community service of grass cutting in front of the court premises. Ojomola is also to forfeit the devices retrieved from him to the Federal Government.
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