Author Archives: Charles I. O

Breaking: Court convicts Olisa Metuh in aN400m Money Laundering case

The Federal High Court in Abuja on Tuesday delivered judgement in a suit instituted against a former National Publicity Secretary of the Peoples Democratic Party (PDP), Mr Olisa Metuh.

Justice Okon Abang presided over the suit filed against Metuh by the Economic and Financial Crimes Commission (EFCC).

The trial judge had fixed Tuesday for judgement after taking arguments from the prosecution and defence counsels in the matter which has lasted about four years.

The anti-graft agency accused the former PDP spokesman of money laundering to the tune of N400,000,000.

He was charged alongside his company, Destra investment, with seven counts bordering on criminal diversion of the money received from the office of the former National Security Adviser, Colonel Sambo Dasuki (rtd).

Metuh was also said to have been engaged in financial transactions in the sum of $2 million without going through a financial institution, an offence the EFCC said was in violation of a provision of the Money Laundering (Prohibition) Act.

During their arraignment in court in January 2016, the defendants, however, pleaded ‘not guilty’ to the charges.

In one of proceedings, Mr Metuh told the court that the N400 million he was accused of collecting was spent on special national assignment as directed by former President Goodluck Jonathan.

Source: Channels TV

New judge adjourns Gov. Jang's N6.3bn fraud till May 26

A former Governor of Plateau State, Jonah Jang, and the Economic and Financial Crimes Commission on Monday returned to the state High Court in Jos to continue their case involving N6.3 billion alleged fraud in the state.

Jang is being prosecuted by the anti-graft agency alongside Yusuf Pam, a former cashier in the Office of the Secretary to the state government on 17 counts.

Justice Dabup allowed the defendants to continue with the N200m and 100m bail earlier granted the accused respectively by Justice Daniel Longji and adjourned the case until May 26, 27 and 28, 2020.

The offences bordering on criminal breach of trust and misappropriation of public funds were allegedly committed towards the end of Jang’s tenure as governor in 2015.

The PUNCH reports that the accused were first arraigned in March 2018 before Justice Daniel Longji, who retired in December last year after hearing the matter 34 times.

But the accused were re-arraigned in Jos on Monday following the re-assignment of the case to a new judge, Justice Christy Dabup.

At the commencement of the hearing, Counsel for the EFCC, Mr O A Atolabe, told the court that it was unfortunate that the case had to start afresh after closing its case earlier before the former judge.

Source: Punch Newspapers

Bayelsa: Supreme Court to hear APC’s request Wednesday

The Supreme Court has fixed Wednesday, February 26 to hear the application filed by the All Progressives Congress (APC).

The ruling party is seeking among others, a review of the February 13 judgement of the apex court which disqualified its candidate in the November 16, 2019, governorship election in Bayelsa State, David Lyon.

In the application filed on Thursday last week by its team of lawyers led by a Senior Advocate of Niger (SAN), Wole Olanipekun, the APC asked the Supreme Court to set aside some portions of its judgment.

This include where the court “wrongly” held that the Federal High Court disqualified its governorship candidate along with its deputy governorship candidate, and where it held that the joint ticket of its candidates was vitiated by the disqualification of the deputy governorship candidate, Biobarakuma Degi-Eremienyo, and that both candidates were deemed not to be candidates in the election.

The party also urged the Supreme Court to set aside the portion of its judgment where it ordered the Independent National Electoral Commission (INEC) to declare as winner of the governorship election, candidates with the highest number of lawful votes.

It disagreed with the portion where the court ordered INEC to withdraw the certificate of return issued to its governorship candidate and issue a fresh one to the candidate who had the highest number of lawful votes.

The APC argued that it was wrong for the Supreme Court to have voided its candidates’ participation in the election, because the judgment by the Federal High Court which disqualified its deputy governorship candidate, was stayed as at when the election was conducted.

It also requested that the Supreme Court set aside what it described as the “wrong” interpretation given to its judgment of February 13, 2020, and the subsequent execution by INEC.

The party contended, among others, that the Supreme Court in its judgment misinterpreted the November 12, 2019, judgment of the Federal High Court in Abuja which the apex court affirmed.

It insisted that the Supreme Court acted without jurisdiction and denied it fair hearing when it proceeded to disqualify its governorship candidate, even though the Federal High Court in the judgment by Justice Inyang Ekwo, which the apex court affirmed, refused the plaintiffs’ prayer to disqualify Mr Lyon.

BREAKING: Nigeria’s records 2.27% growth in 2019 – NBS

The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019.

The annual GDP growth rate of 2.27 per cent, according to the NBS, represents an increase of 360 basis points over the growth rate of 1.91 per cent recorded in 2018.

The report said that during the fourth quarter of 2019, Nigeria’s GDP grew by 2.55 per cent (year-on-year) in real terms.

Compared to the fourth quarter of 2018 which recorded a growth rate of 2.38 per cent, it said this represents an increase of 0.17 percentage points and an increase of 0.27 percentage points when compared with the third quarter of 2019.

The strong fourth quarter 2019 growth rate, the NBS noted, also represented the highest quarterly growth performance since the 2016 recession.+

Source: Punch News Paper

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