LIBYA PREPARING TO RESTART OIL OUTPUT AS CENTRA BANK CRISIS EASES. (PHOTO).

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 Libya preparing to restart oil output as central bank crisis eases Libya was preparing to restart oil production that has been shut since late of August after an agreement on a new head of the central bank was reached, two oilfield engineers told Reuters on Tuesday. "We are now waiting for orders from the Corporation (the state oil firm) to resume production at its normal levels after a month-long stoppage," said an engineer from the Jalu 59 oilfield. An engineer from the Elfeel oilfield said they took advantage of the almost one-month closure to carry out maintenance. National production and export operations were stopped in August when the parallel government in eastern Libya declared the closure of oil facilities in a protest of the ousting of veteran Central Bank of Libya (CBL) governor Sadiq Kabir by the Presidential Council in Tripoli. A new CBL governor, Naji Mohamed Issa Belgasem, and his deputy, Mari Muftah Rahil Barrasi were approved on Monday by the two legislativ
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EFCC ARRAIGNS EX-TARABA STATE GOVERNOR, PERM SEC FOR ALLEGED N27B FRAUD. (PHOTOS). #PRESS RELEASE.

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 EFCC Arraigns Ex-Taraba State Governor, Perm Sec for Alleged N27b Fraud


The Economic and Financial Crimes Commission, EFCC, on Monday, September 30, 2024, arraigned former governor of Taraba State, Darius Dickson Ishaku and former permanent secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero, before Justice S. C Oriji of the Federal Capital Territory High Court, Maitama, Abuja for fraud.


Both are being prosecuted on a 15-count charge, bordering on criminal breach of trust, conspiracy and conversion of public funds to the tune of N27, 000,000,000.00 (Twenty Seven Billion Naira).


One of the charges reads: “That you Darius Dickson Ishaku whilst being the governor of Taraba State and Bello Yero whilst being the Permanent Secretary, Bureau for Local Government and Chieftaincy Affairs, Taraba State between July, 2015 and May, 2019 in Abuja, within the jurisdiction of this Honourable Court, and in such capacity entrusted with dominion over certain property, to wit: an aggregate sum of N1, 138, 082, 097.71 (One Billion, One Hundred and Thirty-Eight Million, Eighty-Two Thousand, Ninety- Seven Naira, Seventy-One Kobo), which sum formed part of the 2.5% contingency fund belonging to Bureau of Local Government and Chieftaincy Affairs, Taraba State committed criminal breach of trust in respect of the said property, when you dishonestly diverted the said sum to your own use and you thereby committed an offence contrary to Section 315 of the Penal Code Act, Cap 532, Laws of the Federal Capital Territory of Nigeria 2007 and punishable under the same Section.”


Another count reads: “That you Darius Dickson Ishaku whilst being the governor of Taraba State and Bello Yero, whilst being the Permanent Secretary, Bureau for Local Government and Chieftaincy Affairs, Taraba State between July, 2015 and May, 2019 in Abuja, within the jurisdiction of this Honourable Court, dishonestly misappropriated certain property, to wit: an aggregate sum of N1, 138, 082, 097.71 (One Billion, One Hundred and Thirty-Eight Million, Eighty-Two Thousand, Ninety-Seven Naira, Seventy-One Kobo, which sum formed part of the 2.5% contingency fund belonging to Bureau of Local Government and Chieftaincy Affairs, Taraba State and you thereby committed an offence contrary to Section 308 of the Penal Code Act, Cap 532, Laws of the Federal Capital Territory of Nigeria 2007 and punishable under Section 309 of the same Act.”


They pleaded "not guilty" when all the charges were read to them, prompting prosecution counsel, Rotimi Jacobs, SAN to ask the court for a trial date as well as accelerated hearing of the matter, while Paul Haris Ogbole, SAN and Oluwa Damilola Kayode, counsel to Ishaku and Yero respectively made oral bail applications which Jacobs opposed, insisting on formal applications.


Justice Oriji, adjourned the matter till Thursday, October 3, for hearing on bail applications and ordered that the defendants be remanded in EFCC’s custody.


Both defendants were arrested on September 27, 2024.


One more photo below. 


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