Connect with us

News

400 suspects to be arraigned for funding Boko Haram, bandits

Published

on

About 400 suspects arrested for funding Boko Haram insurgents and bandits will soon face trial, it was learnt on Tuesday.

But, all courts across the country have been shut since April 6, owing to the nationwide strike by the Judiciary Staff Union of Nigeria (JUSUN) over financial autonomy for the judiciary.

The suspects were arrested in an operation coordinated by the Defence Intelligence Agency (DIA), the Department of State Services (DSS), Nigerian Financial Intelligence Unit (NFIU) and the Central Bank of Nigeria (CBN).

They were arrested in Kano, Borno, Abuja, Lagos, Sokoto, Adamawa, Kaduna and Zamfara in an operation said to have been approved by President Muhammadu Buhari in 2020.

A list containing names of 957 suspects comprising bureau de change (BDC) operators, gold miners and sellers as well as other business persons is still being acted upon.

Some of the BDC operators arrested include Baba Usaini, Abubakar Yellow (Amfani), Yusuf Ali Yusuf (Babangida), Ibrahim Shani, Auwal Fagge and Muhammad Lawan Sani, a gold dealer.

Umar Gwandu, spokesperson to Attorney-General of the Federation (AGF), Abubakar Malami, on Monday, said criminal charges bordering on terrorism were already being prepared against the suspects while investigation continues.

Although the spokesperson declined to give further details, he said the prosecution of the suspects “will commence as quickly as possible”.

-The Nation

Continue Reading

News

JUST IN: Old naira: IMF asks FG, CBN to extend February 10 deadline

Published

on

The International Monetary Fund (IMF) has called for the extension of the February 10 deadline to phase out the old naira notes.

The International monetary body made the call just after the Supreme Court had restrained the Federal Government and Central Bank of Nigeria(CBN) from enforcing the deadline.

The IMF, in a statement in Abuja on Wednesday by Laraba Bonet, said the plea was on the hardship Nigerians were exposed to over the issue.

READ ALSO:

It said: “in light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline should problems persist  in the next few days leading up to the February 10, 2023 deadline”.

The IMF is the first international financial organisation to openly call for extension of the deadline for the deposit of old Naira notes.

Continue Reading

News

Cash crunch: Protesters defy police in Abeokuta, make bonfires on major roads

Published

on

Residents of Abeokuta, Ogun State, took to the streets on Tuesday protesting the scarcity of cash and the attendant pains.

Major streets affected by the protests are Aladesanmi, Fajol and Somorin in Obantoko area of Abeokuta as the protesters made bonfires and chanted anti-CBN songs
The Sapon branch of First Bank was also vandalised and the protesters tried to set it ablaze.
Ogun Police spokesman, Abimbola Oyeyemi, confirmed the protest, saying police officers were on the ground to monitor the situation and prevent the destruction of property and loss of lives.
He said some group of boys were involved in the crisis.
The police later came to disperse the protesters but they regrouped as soon as the operatives withdrew from the scene.
The situation affected vehicular movement as motorists and pedestrians ran in different directions to avert being caught up in the chaotic situation.

Continue Reading

News

Court frees Diezani associate Omokore of $1.6bn fraud

Published

on

An Abuja federal high court on Tuesday discharged and acquitted Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited, of $1.6bn fraud allegations.

Omokore, an associate of former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, was arraigned by the Economic and Financial Crimes Commission (EFCC) with Victor Briggs, Abiye Membere, and David Mbanefo on a 15-count charge on July 4, 2016.

They were accused of fraudulently diverting the $1.6bn said to be part of proceeds of sales of petroleum products belonging to the Federal Government.

Continue Reading

Trending