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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FATHER, SON REMANDED FOR ALLEGEDLY STEALING N75M FROM LAGOS FIRM. (PHOTO).

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 Father, son remanded for allegedly stealing N75m from Lagos firm


Thirty-one-year-old Babatunde Ishola and his father, Bayo, have been remanded by the court at the Kirikiri Correctional Centre for allegedly stealing N75m belonging to a lotto company in Lagos State.

The defendants were arraigned on two counts of stealing and diversion of funds at the Yaba Magistrates’ Court in the state.

The duo were alleged to have taken money from the company’s account and diverted it to their accounts and those of their cohorts who are now at large.

In a document signed by the police prosecutor, Mike Enejere, the first defendant, Babatunde, served as the account officer of the lotto company as the funds were diverted between 2020 and 2023.

The charge read in part, “That you, Ishola Mubarak Babatunde, Ishola Rasheed Bayo, and others now at large, between 2020 and 2023, at Lotgrand Limited, a registered lotto company in Lagos, within the Magisterial District of this Honourable Court, conspired amongst yourselves to commit felony to wit stealing. You thereby committed an offence punishable under Section 411 of the Criminal Law of Lagos State 2015.

“That you, Ishola Mubarak Babatunde and others now at large, on the same date, place and within the Magisterial District of the aforementioned, did steal the sum of seventy-five million naira (N75,000,000), property of Lotgrand Limited, Lagos, while you served as the account officer, as you dishonestly and fraudulently diverted the said sum belonging to Lotgrand Limited, a registered lotto company, to your personal account and that of your cohorts.”

“You hereby committed an offence punishable under Section 287 (8) of the Criminal Law of Lagos State 2015.”

The duo were remanded at the Kirikiri Correctional Centre pending the meeting of their bail conditions of N10m with two sureties in like sum.

The Magistrate, Mojisola Salau, adjourned the case till September 3, 2024, for further hearing.

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