BLAMING OPPOSITION FOR HUNGER IS ‘DELUSION’, ATIKU TELLS TINUBU. (PHOTO).

-
Image
Blaming opposition for hunger is ‘delusion’, Atiku tells Tinubu Former Vice President Atiku Abubakar has accused President Bola Tinubu of blaming the opposition for the country’s economic hardship. He said the President was trying to evade responsibility for his administration’s policies. Tinubu had earlier on Saturday blamed his political opponents for hunger and poverty in the country while speaking at the All Progressives Congress presidential campaign flag-off in Kaduna. “I hear my opponent talking about hunger, poverty. Who created it? They did! They created the hunger, they created the poverty. We are trying to eradicate it,” the President said. Atiku, the presidential candidate of the African Democratic Congress, said Nigerians were entitled to demand answers from the APC-led government over rising living costs, poverty, insecurity and questions surrounding public expenditure. In a statement issued on Saturday by the Director of Strategic Communication of the ADC Presidential Ca...
Post a Comment

ALLEGED N4BN FRAUD: OBIANO USED UNLICENSED COMPANIES FOR FRAUD-WITNESS. (PHOTO). #PRESS RELEASE.

-


 Alleged N4bn Fraud: Obiano Used Unlicensed Companies for Fraud-Witness


The trial of Willie Obiano, former governor of Anambra State, continued on Monday, February 24, 2025 before Justice Inyang Ekwo of the Federal High Court, Abuja with the Economic and Financial Crimes Commission, EFCC presenting its 9th witness.


Obiano is facing prosecution by the EFCC on nine-count charges of embezzlement and money laundering to the tune of N4 billion.


At Monday`s proceedings, the EFCC called  Prosecution Witness 9, PW9, Andrew Ali, a staff of the Central Bank of Nigeria, CBN,  and Head of the License office who revealed that three companies out of the 23 company accounts connected with the  alleged N4 billion fraud were not duly licensed with the CBN to carry out bureau de change business.

 

Ali,  while  being led in evidence by prosecution counsel, Slyvanus Tahir, SAN, disclosed that Connaught International service, SY Panda Enterprise and Zirga Zirga Trading company were not licensed to carry out BDC business, adding that Zirga  has been delisted from the CBN license list before 2014.


"Sometimes around April 2023, we receive two letters from the EFCC regarding some 23 financial institutions to know if they were licensed or not, I recall forwarding the two letters to the desk officer, who upon review, said we have received such letters in the past before so we comprehensively replied the EFCC in a letter dated May 21, 2023 and as seen in the letter of our response, out of 23 companies, three of them were not registered” he said.

 

The eight-page letter from the EFCC and the response were admitted in evidence and marked as exhibit A1-A8.

 

While being cross -examined by defence counsel, Onyechi Ikpeazu,  SAN,  Ali recalled that Zirga Zirga trading company did not meet the licensing requirements before 2014.  “Once you do not meet the requirements, you are delisted. It is in public knowledge that we only supervise the people that are licensed, once you are not on our list, we lose the power to supervise you. We run public notice to sensitise the public not to operate with 

unlicensed companies which is also on our website.


 He stated further that, “it is stated clearly in section 15 and 19 of the CBN Revised 

Operational Guidelines 2015. Our work is to regulate, and supervise them.  Once you do not meet the requirement of renewable licensing, you will be delisted and we publish it on our valedictory list which is on our website. BDCs also have operational accounts which they do business with, they are not allowed to do business without those accounts.” he revealed.

 

Justice Ekwo adjourned the matter to February 26, 2025 for continuation of trial. 

 

Comments

Post a Comment

Popular posts from this blog

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.

-
Image
                Lagos State Governor,Mr Akinwunmi Ambode on friday officially launched the one year long activities to mark the 50 years anniversary of the State which will climax on May 28,2017,just as he said the activities lined up would showcase to the world the unique achievements,culture,heritage and the tourism potentials of the state.Governor Ambode,who spoke at a special children programme tagged ''Vision of the Child'' to officially kick start the one year long activities for the Golden Jubilee of the State,said the celebration was put together to provide historical opportunity to propel the State into unimaginable greatness as well as put it on highest pedestal in the league of the world megacity states.The Governor,who assured that the events would be the biggest celebration in the 50 years history of the state,added that Lagosians should expect nothing short of world class events.He said ''This golden jubilee celebration will show Lag...
Read more