Connect with us

News

Official given suspended death sentence over $25m bribes

Published

on

The former Chinese Communist Party chief in the e-commerce hub of Hangzhou has been handed a suspended death sentence after he was found guilty of taking $25 million in bribes, state media said on Tuesday.

Tackling corruption has been a centrepiece of President Xi Jinping’s time in power, with more than 1.5 million officials affected according to government data.

Zhou Jiangyong was the former Communist Party secretary of Hangzhou, the hometown of internet giant Alibaba, and was handed a death sentence with a two-year suspension, state broadcaster CCTV said.

The broadcaster said a court found him guilty of taking more than 182 million yuan ($25 million) in bribes.

Suspended death sentences are usually reduced to life imprisonment in China if the accused is not found guilty of other crimes during the reprieve period.

Zhou was placed under investigation in 2021 and Britain’s the Financial Times reported the following year that Ant Group, Alibaba’s finance affiliate, had received a discount on a property purchase after investing in mobile payment companies owned by Zhou’s brother.

The court found on Tuesday that Zhou had taken advantage of various positions in Zhejiang province, to which Hangzhou belongs, and exchanged favours in construction and land acquisition for bribes.

Zhou “accepted a huge amount in bribes and caused particularly heavy losses to the interests of the country and the people, and deserves severe punishment according to law”, CCTV said.

The crackdown on corruption has been depicted as a much-needed cleansing of state and party organs but critics contend that it is also a vehicle for Xi to purge political rivals.

Alibaba founder Jack Ma has kept a low profile since late 2020 when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug on a planned IPO by Ant Group.

A record fine of $2.75 billion was later imposed on the tech giant for alleged unfair business practices.

Ant Group said in January Ma no longer held controlling rights in the company, a move analysts speculated might have helped pull Ant and Alibaba out of the regulatory doghouse.

 

Comments

News

SWEGOP Hails Fagade’s Appointment as NIHOTOUR DG

Published

on

By

 

The South West Guild of Online Publishers (SWEGOP) has congratulated Dr. Abisoye Fagade on his recent appointment as the Director General of the Nigerian Institute of Hospitality and Tourism (NIHOTOUR).

Fagade, a distinguished professional in marketing communications, is the Chairman of Sodium Group and a philanthropist known for his commitment to community development. Over the years, his expertise and contributions have earned him accolades across various industries, particularly in marketing and communications.

In a congratulatory statement signed by the Guild’s Chairman, Mr. Olayinka Agboola, SWEGOP commended Fagade’s leadership qualities, describing him as a “charismatic and insightful leader” whose appointment heralds a new era for Nigeria’s tourism and hospitality sectors.

“We are confident in your capacity to inspire transformation and growth within the tourism sector,” the statement read.

“Your wealth of experience and dedication to service are assets we believe will bring about meaningful impact.”

SWEGOP also conveyed its best wishes to him offering prayers for divine guidance in his new role.

“We trust that your leadership will pave the way for substantial advancements, enriching both the sector and the nation at large,” the Guild added.

Continue Reading

News

Oyo Rep, Oseni Donates ₦50m to Sheikh Agbotomokekere Mosque Project

Published

on

By

 

The lawmaker representing Ibarapa East/Ido Federal Constituency of Oyo State, Engr. Aderemi Oseni, on Thursday, donated the sum of fifty million naira (₦50 million) toward the construction of the proposed Sheikh Agbotomokekere Mosque building project.

Oseni joined other dignitaries, religious leaders, and Muslim clerics to honour the Chief Imam of Ibadanland, Grand Imam of Oyo State, and Grand Patron of the League of Imams and Alfas of Yorubaland, Edo, and Delta States, His Eminence Sheikh AbdulGaniy Abubakre Agbotomokekere, during the annual Maolud Nabiyy celebration at the Ibadan Central Mosque, Oja Oba.

It was during the event that he announced the generous donation.

The Maolud Nabiyy celebration, organised by the Al-Imam Agbotomokekere Islamic Foundation, also featured the unveiling of the proposed mosque project and an award presentation ceremony.

Delivering an insightful lecture at the event, the Chief Imam of Ogbomosoland, Dr. Yunus Tolhat Ayilara, who served as the Guest Lecturer, highlighted the importance of perseverance in the face of challenges.

In a statement issued on Friday by his media aide, Idowu Ayodele, the lawmaker, who also chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), reaffirmed his commitment to supporting initiatives that strengthen the spiritual and social development of his constituency and state.

He commended the Al-Imam Agbotomokekere Islamic Foundation for its dedication to fostering a sense of community through faith, education, and shared values.

According to him, the mosque project symbolises unity and the determination of the people.

Reflecting on the significance of the proposed Agbotomokekere Mosque, the APC chieftain described it as a beacon of unity and religious harmony.

“This mosque project reflects our shared values and our commitment to building a community grounded in faith, love, and unity. I am honoured to contribute to this vision and support the Agbotomokekere Foundation in its efforts to promote peace and spiritual growth,” Oseni stated.

 

 

 

 

 

 

Continue Reading

News

Customs Surpasses Revenue Target with N5.7 tn Collection

Published

on

By

Comp[t. General Bashir Adewale Adeniyi

 

The Nigeria Customs Service (NCS) has announced a record revenue collection of N5.7 trillion as of November 12, 2024, surpassing its yearly target by 10 percent.

This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, at the ongoing 2024 Comptroller-General of Customs Conference in Abuja.

Themed “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose,” the conference showcased the Customs Service’s progress in modernizing its operations and fostering collaborative partnerships.

“Today, I stand before you to demonstrate how our commitments in 2023 have evolved into tangible achievements,” Adeniyi stated.

He attributed the revenue growth to a series of reforms, including the implementation of a one-stop solution for cargo alerts, a revamped ICT infrastructure, streamlined inspection procedures, and enhanced automation.

Adeniyi explained that these changes reflect the agency’s commitment to elevating operational transparency and efficiency.

“We pledged to re-align our free trade operations, elevate cargo integrity standards, and expand our scanning capacities,” he said.

“Above all, we promised to usher in a new era of customs operations—one built on transparency, efficiency, and genuine collaborations with our partners.”

As of Tuesday, November 12, Adeniyi confirmed that the NCS collected N5.07 trillion, achieving the anticipated 10 percent revenue surplus.

“This performance validates our partnership-driven approach to revenue collection and trade facilitation,” he added.

Adeniyi also highlighted recent strides in trade facilitation, revealing that six companies have been selected to benefit from the Authorised Economic Operators programme, which provides fast-tracked customs clearance and other trade facilitation benefits.

Similarly, the NCS has processed 21 requests under an advance ruling programme, designed to expedite customs decisions on import and export cargoes before they reach Nigerian ports.

The Comptroller-General expressed optimism about the NCS’s potential to drive further economic growth, citing the agency’s commitment to fostering partnerships and advancing innovative practices within the customs sector.

 

Continue Reading

Trending