‘EMPTY BARRELS’ – OTTI DISMISSES UZOR KALU, ORJI, IKPEAZU OPPOSITION GANG-UP. (PHOTO)

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 ‘Empty barrels’ – Otti dismisses Uzor Kalu, Orji, Ikpeazu opposition gang-up Abia State Governor, Alex Otti, has urged Abians to disregard recent remarks by some leaders of the opposition in the state. Governor Otti who was speaking on Saturday at Seventh-Day Adventist Church, Umuoriehi, Umuahia North LGA, during the dedication of the church building, said that those who are gathering against him were the same people that failed to develop the state in the past. Otti was reacting to an alliance formed against his re-election by former Abia governors Orji Uzor Kalu, Theodore Orji and Okezie Ikpeazu. The governor slammed the opposition members for pursuing personal interest above the collective development of Abia, declaring that every gathering they are making against him would collapse. He said, “Pastor Uguru made reference to the noise that you may have been hearing in the last few days. “I want us to just dismiss it as noise, you know, and it’s always the empty barrel that makes...
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MAN BAGS JAIL TERM FOR CURRENCY RACKETEERING IN LAGOS. (PHOTO). #PRESS RELEASE.

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 Man Bags Jail Term for Currency Racketeering in Lagos 

 

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC on Tuesday, March 12, 2024 secured the conviction and sentencing of one Fabian John Itafor before Justice Kehinde Ogundare of the Federal High Court sitting in Ikoyi, Lagos for an offence bordering on currency racketeering. 


He was arraigned on a one- count charge.

The count reads: “That you, Fabian John Itafor on or about the 24th day of February. 2024 at Leisure Event Center, Wale Olateju Street, Victoria Island, in Lages within the jurisdiction of this Honourable Court hawked the sum of N347,000.00 (Three Hundred and Forty-seven Naira) issued by the Central Bank of Nigeria and thereby committed an offence contrary to and punishable under Section 21(4)l of the Central Bank of Nigeria Act, 2007."


He pleaded “guilty” to the charge when it was read to him.


Following his guilty plea,   prosecuting counsel, A.S. Wara  called on Jude Owolabi, an operative of the EFCC, to review the facts of the case.


Owolabi told the court that the defendant was arrested on February 24, 2024 , hawking naira notes at Leisure Event Center, Wale Olateju Street, Victoria Island, Lagos.


 "His arrest followed credible intelligence received by the Commission," he said. According to him, ATM cards, a POS machine, N347,000, $1 and 5 euros were recovered from him at the point of arrest.


“In his statement, he confessed that he was into money racketeering and hawking of Naira notes," he said. Defence counsel, Kolapo Gbadamosi, prayed the court to temper justice with mercy by granting him a non-custodial sentence or an option of fine.

Justice Ogundare convicted and sentenced him to three months community service with an option of fine of N50,000 (Fifty Thousand Naira Only).


The Judge also ordered that the POS machine, N347,000, $1 and 5euro recovered from him at the point of arrest  be forfeited to the Federal Government of Nigeria.

 

Itafor bagged his imprisonment by flouting extant laws against Naira mutilation.  


Specifically,  he was arrested for hawking new Naira notes for commercial purposes.  


He was later prosecuted and convicted.

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