ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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COURT JAILS THREE ILLEGAL BUREAU DE CHANGE OPERATORS IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Three Illegal Bureau de Change Operators in Maiduguri


Justice K. Dagat of the Federal High Court, sitting in Maiduguri, Borno State, has convicted and sentenced three illegal bureau de change operators to one year imprisonment each.


They were arraigned on Wednesday, July 10, 2024, by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a one-count separate charge for operating illegal bureau de change business.es.


The defendants are Buba Ahmadu Aliyu, Mohammed Mustapha, and Muhammad Zarami.


The count against Aliyu reads "That you, Buba Ahmadu Aliyu sometime in May 2024, within the jurisdiction of this Honourable Court, did carry on, other financial business without license issued by the Central Bank of Nigeria contrary to section 57 (1) and (2)b and punishable under section 57 (5) b of the Banks and other Financial Institutions Act, 2020."

While the charge against Mustapha reads: That you, Mohammed Mustapha sometime in May 2024, within the jurisdiction of this Honourable Court, did carry on, other financial business without license issued by the Central Bank of Nigeria contrary to Section 57 (1) and (2)b and punishable under 57 (5) b of the Banks and other Financial Institutions Act, 2020."


The defendants pleaded “guilty” to the charges when they were read to them.


Thereafter, prosecution counsel, A.B Aliyu prayed the court to convict and sentence the defendants accordingly, while counsel for the defendants H. Basharu urged the court to temper justice with mercy while convicting them.


Justice Dagat thereafter convicted and sentenced the defendants to one-year imprisonment with an option of N100,000.00 (One Hundred Thousand Naira) each.


The convicts bagged their imprisonment when they were arrested for operating  bureau de change businesses without an appropriate licence.

 

More photos below. 




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