ROSATOM DISCUSSING NUCLEAR PROJECTS WITH NIGER & ETHIOPIA. (PHOTO).

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 Rosatom Discussing Nuclear Projects With Niger & Ethiopia "Rosatom is open to discussing possible forms of cooperation and is prepared to offer modern, reliable, and safe technologies," the Russian state corporation stated, Sputnik reported. Cooperation between the parties is currently focused on establishing working mechanisms and defining project parameters, with decisions being taken gradually in line with the host country’s priorities and international safety standards, Rosatom said. Rosatom is in dialogue with more than 20 African countries on such areas as the construction of large and small nuclear power plants, nuclear science and technology centers, and the development of uranium deposits.
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COURT SENTENCES BANKER TO JAIL FOR FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 Court Sentences Banker to Jail for Fraud in Lagos

 

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of one Ugenyi Kalu, before Justice R.A. Oshodi of a Special Offences Court, sitting in Ikeja, Lagos for fraud.

 

The convict, a banker, was arraigned on a five-count charge, bordering on official corruption and gratification.

 

One of the counts reads: “That you, Ugenyi Kalu sometime in November 2016 in Lagos within the Lagos Judicial Division being the head of Lagos Region of NEXIM Bank, received monetary benefit for yourself in the sum of N4,000,000 (Four Million Naira) from one Obi Ogoh on account of the loan availed to his company Sevirg AgroAllied Mills Ltd by NEXIM Bank. Thereby committed an offence bordering on official corruption contrary to Section 8(1)(a) of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 8(1)(b)ii of the same Law."


He pleaded "not guilty" to all the charges, prompting his trial. In the course of the trial, prosecution counsel, G.C. Ofulue called six witnesses who testified to his crime, two of whom were his co-workers in Nexim Bank. 

 

Delivering judgement on February 12, 2025, Justice Oshodi held that the prosecution proved its case beyond every reasonable doubt, and found him guilty as charged. He was convicted on four of the charges and sentenced to four years and two months imprisonment with or to pay N20,850,000 (Twenty Million, Eight Hundred Fifty Thousand Naira) fine.

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