LAGOS COURT JAILS MAN ONE YEAR FOR POSSESSION OF FRAUDULENT DOCUMENTS. (PHOTO). #PRESS RELEASE.

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 Lagos Court Jails Man One Year for Possession of Fraudulent Documents Justice O.O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, October 8, 2024, convicted and sentenced one Nonso Joseph Ekeocha to one year imprisonment for possession of fraudulent documents. Ekeocha was prosecuted by the Lagos Directorate of the Economic and Financial Crimes Commission, EFCC, on a one-count charge bordering on possession of fraudulent documents used to perpetrate romance scam. The count reads: "Nonso Joseph Ekeocha, on or about the 27th June, 2024 in Lagos, within the judicial division of this Honourable Court, with intent to defraud, had in your possession, 'Instagram Profile Account', wherein you represented yourself as Ronald Gregory, and other related documents for an online dating scam, which you knew or ought to know to be false,” He pleaded "guilty" to the charge. Following his guilty plea, the prosecution counsel, I. G. Akhanolu, prayed
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KADUNA GOVT DENIES BORROWING N36BN IN SIX MONTHS. (PHOTO).

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 Kaduna Government Denies Borrowing ₦36bn In Six Months


The Kaduna State government has described as false and misleading a media report alleging that the state has borrowed the sum of ₦36 billion on the past six months.


Instead, the government said it is paying nearly three times the size of loans taken by the past administration due to the massive devaluation of the Naira.


In an official statement by the Commissioner of Planning and budget, Mukhtar Ahmed, the state government explained that the exchange rate fluctuations would affect the ongoing repayment of the inherited loan.


The statement noted that the inherited debt burden from the previous administration consisted of long-term loans, including the World Bank programs such as AGILE, SURWASH and ACReSAL which were all agreed upon during the previous administration.


While clarifying that the administration of Governor Uba Sani has not taken any loan since it came into office, the budget Commissioner explained that the surge in borrowing receipts by the second quarter of 2024, is attributable to the dramatic devaluation of the Naira.


“Previous administration’s loan agreements, based on exchange rates of N415- N480 to the dollar, have now seen the Naira plunge to over N1, 600 to the dollar, effectively tripling the value of these debts in local currency”, the statement said.


The Kaduna State government, however, expressed disappointment with the online medium for failing to seek clarification before publishing the report, and therefore, accused the platform of spreading falsehoods in the manner of “Digital Terrorism”, and serving external interests by attempting to distract ongoing investigations into financial mismanagement under the former administration.


The statement added that the Kaduna State government led by Governor Uba Sani remained steadfast in its commitment to debt transparency and financial discipline, focusing on improving the state’s economy without adding new financial burdens.


It also resolved to hold accountable those responsible for mismanaging the state’s resources, vowing to reposition Kaduna for the benefit of its citizens.

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