NIGERIAN PILOTS AND CREW RELEASED IN BURKINA FASO, HEAD TO PORTUGAL. (PHOTO).

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 Nigerian Pilots and Crew Released in Burkina Faso, Head to Portugal Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has announced the release and departure of the pilots and crew of the Nigerian Air Force C-130 Hercules aircraft (NAF 913) that had been detained in Burkina Faso. In a statement issued on Thursday, Ambassador Tuggar confirmed that  following  engagement in Burkina Faso, the pilots and crew of NAF C-130 (913) have been formally cleared to depart and are currently en route to Portugal via Accra. The minister highlighted Nigeria’s commitment to dialogue and regional cooperation, stating that these efforts continue to yield positive outcomes. Ambassador Tuggar paid glowing tribute to President Bola Ahmed Tinubu for his visionary leadership and steady guidance which he said proved decisive in resolving the matter through constructive diplomacy and peaceful engagement.
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APPEAL COURT AFFIRMS OKEY NWOSU'S CONVICTION.(PHOTO).#PRESS RELEASE

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Appeal Court Affirms Okey Nwosu’s Conviction

Attempt by the former managing director of the defunct FinBank Plc, Mr. Okey Nwosu and Dayo Famoroti to set aside their conviction by Justice Lateefa Okunnu of the Lagos High Court literally hit the rock today June 8, 2022 as the Court of Appeal sitting at Tafawa Balewa Square, Lagos upheld their conviction as well as the three years jail terms slammed on them.

However, the appellate court reduced the restitution order made from Eighteen Billion Naira to Ten Billion Naira on the grounds that the bank (FinBank Plc.) had recovered about Eight Billion Naira.

Justice Okunnu, had in January 2021 convicted and sentenced Okey Nwosu and Famoroti to three years imprisonment over N19.2 billion fraud.

The Economic and Financial Crimes Commission (EFCC) prosecuted Nwosu alongside Dayo Famoroti, Agnes Ebubedike and Danjuma Ocholi on a 26-count amended charge bordering on stealing and illegal conversion to the tune of N19.2 billion.

The defendants were said to have perpetrated the fraud while they were directors of the bank.

 

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