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Fayose: Judge threatens to arrest Obanikoro

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A Federal High Court in Lagos on Thursday ordered Sen. Musliu Obanikoro to appear in court on March.18.

NAN reports that Obanikoro’s appearance would be for the continuation of his cross-examination in the trial of the immediate past governor of Ekiti, Mr Ayodele Fayose who is facing charges of N6.9 billion fraud.

Justice Mojisola Olatoregun made the order at the resumed trial of Fayose, following the absence of Obanikoro, the former Minister of State for Defence.

Obanikoro has been under cross-examination as the fifth prosecution witness.

The court said it was important for the witness (Obanikoro) to be aware of the seriousness of his civic responsibility.

It, therefore, implored him to endeavor to show up on the next adjourned date.

The judge held that where the witness fails to appear on the next date, the court will have no option but to compel him.

Fayose alongside a company, Spotless Investment Ltd., was arraigned before Justice Olatoregun by The Economic and Financial Crimes Commission (EFCC) on 11 counts on Oct. 22, 2018.

He had pleaded not guilty to the charges, and the court had granted him bail in the sum of N50million with one surety in like sum.

The EFCC opened its case for the prosecution on Nov. 19, 2018 and called four witnesses.

On Jan. 21, 2019, the prosecution called its fifth witness, Sen. Obanikoro, a former Minister of State for Defence.

On Feb.5, 2019 which was the last adjourned date, Obanikoro was still under cross-examination by the second defence counsel, Mr. Olalekan Ojo (SAN).

However, the court had to adjourn the case until Feb. 7, for counsel to address it on the admissibility of an extra-judicial statement made by a party who is not standing trial.

At the resumed hearing of the case on Thursday, Obanikoro was not available in court.

The prosecutor, Mr Rotimi Jacobs (SAN), told the court that he called the witness phone line yesterday (Wednesday) to inform him of today’s proceedings but he could not reach him.

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Jacobs said that he was later informed by a Special Assistant (SA) to the witness that Obanikoro was on admission in the hospital, and he exhibited a written medical report before the court, evidencing same.

In response, the defence counsel, Mr Ola Olanipekun (SAN), frowned at the absence of the witness, arguing that if learned counsel had made themselves available in court, then the witness had no right to be absent.

Consequently, Justice Olatoregun directed that Obanikoro be present in court at the next adjourned date, failing which the court may have to compel him to appear.

Meanwhile, in addressing the court on the admissibility of an extra-judicial statement made by a party who is not standing trial, Ojo urged the court to admit in evidence, a Certified True Copy (CTC) of a statement made by a former aide to Obanikoro, Mr Justin Erukaa (now late) .

At the last adjourned date, Ojo had sought to tender the statement from the bar, but the prosecutor raised an objection to oppose same.

He argued that the statement could only be tendered through its maker.

On Thursday, Ojo argued that the first “litmus test” of admissibility is relevance, urging the court to look at the content of the statement to determine its relevance to the trial or to the fact in issue.

He said that both in the oral evidence of the witness and even Erukaa’s, the witness admitted to have sent his aide on several errands.

He said that included the order that he should collect the sum of $1.601million from a Bureau De Change.

He argued that the fact depicted the relevance of Erukaa’s statement sought to be tendered from the bar.

Ojo citing the provisions of Sections 39, 40-50 and 83 of the Evidence Act as well as Pages 396 to 397 of the book “Contemporary Law On Evidence” authored by Jerry Amadi, urged the court to admit the evidence of Erukaa who he described as “Late”.

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“Admissibility is not synonymous with weight; the court can admit the statement in evidence and in the cause of judgment, may choose to not to consider same,” he said.

He urged the court to uphold his argument.

In opposing the application, Mr Rotimi Jacobs reiterated the question for determination “whether the statement of a person not called as a witness can be admissible in evidence.”

He submitted that such evidence was not admissible in law as it is a hear-say piece of evidence.

Jacobs also argued that Section 39 of the Evidence Act relied on by the defence counsel was not relevant to the fact in issue, but only deals with “Res Gestae” or a dying declaration.

He added that the defence counsel had not drawn the court’s attention to any provision which makes Section 39 of the Evidence Act applicable.

He said that before such a statement made to a law enforcement agency could be admitted, it must comply with the requirement set out in Section 40 of the Act.

According to Jacobs, “The maker of the statement must come out to say it.”

He urged the court to refuse same.

After listening to submissions of the counsel, Justice Olatoregun adjourned the case until March.18 by 12 noon, March 19 and March 20, for continuation of trial.

According to the charge, on June 17, 2014, Fayose and Agbele were said to have taken possession of the sum of N1.2 billion, for purposes of funding Fayose’s gubernatorial election campaign in Ekiti State, which sum they reasonably ought to have known formed part of crime proceeds.

Fayose was also alleged to have received a cash payment of the sum of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution and which sum exceeded the amount allowed by law.

He was also alleged to have retained the sum of N300million in his Zenith Bank account and took control of the aggregate sums of about N622million which sum he ought to have known formed part of crime proceeds.

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Fayose was alleged to have procured De Privateer Ltd., and Still Earth Ltd., to retain in their Zenith and FCMB accounts, the aggregate sums of N851million which they reasonably ought to have known formed part of crime proceeds.

Besides, the accused was alleged to have used the aggregate sums of about N1.6billion to acquire properties in Lagos and Abuja, which sums he reasonably ought to have known formed part of crime proceeds.

The accused was also alleged to have used the sum of N200 million to acquire a property in Abuja in the name of his elder sister, Moji Oladeji, which sum he ought to have known also formed crime proceeds.

The offences contravene the provisions of Sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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