Top Stories
Order AGF to bring me back to Nigeria, Diezani tells court
A former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has urged the Federal High Court in Lagos to compel the Attorney General of the Federation to bring her back to Nigeria from the United Kingdom, where she travelled to shortly after leaving office in 2015.
She said she would like to appear in court in Nigeria to defend a criminal charge bordering on alleged laundering of N450m, where her name was mentioned.
The main defendants in the charge are a Senior Advocate of Nigeria, Mr. Dele Belgore; and a former Minister of National Planning, Prof. Abubakar Suleiman.
Belgore and Suleiman were charged before Justice Rilwan Aikawa for allegedly collecting N450m from Diezani and laundering same in the build-up to the 2015 general elections.
The Economic and Financial Crimes Commission, which filed the charges, claimed that the N450m was part of a sum of $115m which Diezani allegedly doled out to compromise the 2015 general elections.
The SAN and the professor were arraigned on five counts, wherein Diezani’s name was mentioned, but she was declared as being “at large.”
At the resumed proceedings in the case on Tuesday, one Obinna Onya, a lawyer from Abuja, appeared before Justice Aikawa with an application seeking the joining of Diezani as one of the defendants in the charge.
The application, filed pursuant to Section 36(1),(5),(6 (a)-(e) of the Constitution and sections 216 (1) (2) (3) (4); and 217 of the Administration of Criminal Justice Act, 2015, sought an amendment to the charges against Belgore and Suleiman, so as to join Diezani as one of the defendants.
The lawyer contended that contrary to the declaration by the EFCC that Diezani was at large, the former minister was in the UK and was willing to return to Nigeria so that she could appear in court to take her plea and defend the charges..
The lawyer argued that since Diezani’s name had been mentioned in the charge, it would be against her right to fair hearing for the case to proceed without affording her the opportunity to defend herself.
“The statement made by the prosecution means that the applicant (Diezani) is going to be convicted without being given the opportunity to defend herself,” Onya told Justice Aikawa.
The application prayed for an order “mandating the Attorney General of the Federation, being the agent of the complainant, to facilitate the prompt appearance of the applicant in court on the next adjourned date, to take her plea and to defend the allegations made against her in counts 1, 2,3 and 4 of the charge, numbered FHC/L/35c/2017.”
Onya urged Justice Aikawa to hear and determine the application before proceeding with the case on Tuesday.
But the prosecuting counsel for the EFCC, Rotimi Oyedepo, opposed him, saying the application was not ripe for hearing, as he had yet to be served.
However, Onya told the court that he had attempted to serve Oyedepo on Tuesday morning on the court premises but that the prosecutor declined, adding that his effort to serve the application at the EFCC office on Friday was also frustrated.
But Oyedepo advised him to go and serve the application at the registry of the EFCC, assuring him that the application would be accepted.
Responding, Justice Aikawa said the court could not entertain the application until all the parties had been properly served.
Meanwhile, the trial proceeded with the second witness for the EFCC, Usman Zakari, continuing his testimony.
Through the witness, Oyedepo tendered two letters written to the EFCC in relation to the case Standard Charted Bank Nigeria Limited and Guaranty Trust Bank.
The court admitted the two letters as exhibits in evidence against the defendants.
However, Oyedepo’s attempt to tender a trail of electronic mail communication between Diezani and the Managing Director of Fidelity Bank was resisted by the defence counsel, Mr. Ebun Shofunde (SAN) and Olatunji Ayanlaja (SAN).
They contended that the document was not admissible as, according to them, it did not meet the requirement of the Evidence Act.
Oyedepo sought an adjournment to counter the objection by the defence.
Justice Aikawa adjourned till Wednesday, October 4 for continuation of trial.
In the charges, Sulaiman, a professor of Political Science and International Relations at the University of Abuja; and Belgore, a former governorship aspirant in Kwara State, were accused of conspiring between themselves to commit the offence on March 27, 2015.
The duo were accused of making a cash transaction of N450m on March 27, 2015, without going through any financial institution.
But they pleaded “not guilty” to the charges.
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
The Economic and Financial Crimes Commission (EFCC) has declared Yahaya Bello wanted for an alleged financial crime to the tune of N80.2 billion,” Nigeria’s anti-corruption agency announced.
“Former Kogi State Governor, Yahaya Bello, is wanted by the EFCC for offences relating to economic and financial crimes to the tune of N80.2 Billion,” the EFCC stated in a Thursday evening Facebook post titled ‘Ex-Gov Yahaya Bello Wanted By the EFCC.’
“Anybody with information as to his whereabouts should report immediately to the Commission or the nearest police Station,” the statement continued.
This declaration follows the absence of the chieftain of the ruling All Progressives Congress (APC) from the Federal High Court in Abuja earlier in the day for a suit instituted against him by the EFCC.
Consequently, Justice Emeka Nwite adjourned the suit and called for substituted service and the possible arraignment of Bello for alleged money laundering.
-
Opinion4 days agoTinubu’s Naira Miracle: Abracadabra or Economic Wizardry? | By Adeniyi Olowofela
-
Politics4 days ago
Why Oyo State cannot afford another 3 years of Makinde’s mismanagement of council funds
-
News1 week ago
FERMA House C’ttee Chair, Oseni Consoles Sen. Buhari over mum’s death
-
Politics1 week ago
APC Urges Fairness in Oyo LG Election
