Senior Cardinal sentenced to 5.5 years in Vatican fraud trial – Newstrends
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Senior Cardinal sentenced to 5.5 years in Vatican fraud trial

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Cardinal Giovanni Angelo Becciu

Senior Cardinal sentenced to 5.5 years in Vatican fraud trial

The Vatican city court on Saturday sentenced Cardinal Giovanni Angelo Becciu, once touted as a possible papal contender, to 5 1/2 years in prison for mismanaging a Vatican property portfolio which included a luxury flat in London.

Becciu, the former Substitute for General Affairs in the Vatican Secretariat of State, is the highest ranking Vatican official ever to face financial charges.

He was convicted on two counts of embezzlement and one of aggravated fraud, according to the Italian news agency ANSA. He was acquitted of other counts of embezzlement, abuse of office and witness tampering.

The court also fined Becciu 8,000 euros and banned him from public office for life. Becciu’s defense lawyer, Fabio Viglione, said he and his client “respect the sentence” but will appeal.

Eight other defendants were convicted Saturday and one, Msgr. Mauro Carlino, the former personal secretary to Becciu, was acquitted. Prison sentences for the other defendants ranged from three years and 9 months to seven years and six months.

The defendants were ordered by the court to pay damages of over 200 million euros in total.

Many Vatican observers saw the trial as a test of whether Pope Francis’ attempts to reform and modernize Vatican management of its finances — after years of financial scandals — are really working. Appeals by the defendants could prolong the case which has roiled the Vatican for years.

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Becciu, a former close adviser to Francis, and 9 fellow defendants went on trial in 2021 for charges of embezzlement and other financial crimes after an investigation into a 350-million euro investment made by the Vatican Secretariat of State — the office responsible for the political and diplomatic activity of the Holy See — in a London high-end property.

Prosecutors alleged brokers and Vatican officials fleeced the Holy See of tens of millions of euros in fees and commissions in connection with the investment, and then extorted the Vatican for 15 million euros ($16.5 million) to cede control of the property, the Associated Press reported.

There were also charges of embezzlement over the Italian Cardinal Becciu’s alleged donation of Vatican funds to a charity run by his brother and the mysterious payouts of around $600,000 for the liberation of a missionary nun kidnapped in Mali in 2017 by Islamic militants.

Becciu is the first cardinal to be tried in Vatican City’s criminal court by lay judges. Becciu retained his title but was stripped of his rights as a cardinal, including the right to participate in a papal conclave, after being incriminated in this case. Prosecutors had sought to sentence him to seven years and three months in prison.

The chief prosecutor, Alessandro Diddi, sought prison sentences from three to 13 years for each of the 10 defendants, as well as the confiscation of some 415 million euros ($460 million) in damages and restitution, the Associated Press reported.

The ten defendants denied any wrongdoing, and their attorneys requested full acquittals. It was expected that if found guilty, the defendants would appeal the verdict.

Defense attorneys have insisted that the Vatican City state’s legal code deprived their clients of basic rights afforded to defendants. Pope Francis changed Vatican laws during the investigation by issuing four decrees that gave greater powers to prosecutors, but the chief prosecutor argued that these decrees protect defendants.

Senior Cardinal sentenced to 5.5 years in Vatican fraud trial

(ABC News)

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NURTW scribe felicitates Nigerians on Xmas, urges caution 

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NURTW scribe felicitates Nigerians on Xmas, urges caution 

 

The General Secretary of the National Union of Road Transport Workers (NURTW), Comrade Kayode Agbeyangi, has enjoined Nigerians to imbibe the virtues of peace, love and compassion as taught through the birth of Jesus Christ.

He stated this in his Christmas and end of the year goodwill message to felicitate members of the union and Nigerians in general.

Agbeyangi urged Nigerians to use the festive season to reflect on the values of love, compassion, and sacrifice that Jesus Christ embodied.

“This period is not for merry making alone; we should also spare time to reflect on the birth and life of Jesus Christ.

“His birth teaches humility, love compassion and sacrifice. As Nigerians, we must show love to our fellow county men. We must love our country. As Nigerians, we must be ready to make sacrifices for the nation.”

The NURTW scribe also used the opportunity to appeal to members of the union and other road users to always exercise caution and adhere to all safety protocols while travelling during the festive season.

“As we celebrate, let us not forget the importance of road safety. The roads can be treacherous, especially during the festive season.

“I urge our members and all road users to drive safely, avoid overspending, overtaking at dangerous bends and overloading, and be courteous to other road users,” he stated.

He also advised drivers that all their vehicle papers should be up to date to avoid embarrassment from law enforcement officers on the highways.

Comrade Agbeyangi prayed for a peaceful and joyous celebration, and wished members of the union and Nigerians, a happy prosperous New Year.

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Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

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Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

 

The Chief Imam of Lekki Central Mosque in Lagos, Ridwanullah Jamiu, has said the “Jesus Christ is Not God” banner placed on the fence of the mosque was not intended to provoke anybody. The banner became a source of controversy after a picture of it was shared on social media, with many calling it an…

The Chief Imam of Lekki Central Mosque in Lagos, Ridwanullah Jamiu, has said the “Jesus Christ is Not God” banner placed on the fence of the mosque was not intended to provoke anybody.

The banner became a source of controversy after a picture of it was shared on social media, with many calling it an attack on the Christian faith.

 

Addressing his congregation, Jamiu said the banner was displayed to educate Muslims.

 

He said, “When you come to Lekki Central Mosque, at least you should learn something. You pass by the banners outside, you look here and there, you learn something because Islam treasures knowledge.”

The Imam said all the banners displayed outside the mosque contain Quran and Hadith verses.

 

He said after a photo of one of the banners went viral, he “received calls from the government, local government, and area command appealing to us to please remove the banners because of the festive period.”

 

He said the display of the banners was not to provoke anyone, noting that there’s a difference between propagation of Islam and provocation.

 

“It was not placed there just yesterday. It has been there for about two months or thereabout. We are peace loving people, we don’t provoke anyone. We only propagate our name,” he said.

Jamiu further stated that nobody can monopolise Jesus because Muslims also have what they believe about him as backed by the Quran which calls him Isah.

 

“If you don’t believe in Jesus, you are not a Muslim. We are Muslims and anything we believe must be in consonant with the Quran and the Quran says Jesus Christ is not God, he’s a messenger of God. We quoted this verse in the banner. Is there anything wrong if we paste what we believe on our territory to educate our congregation? It’s a verse of the Quran. This is freedom of religion, freedom of speech,” he said.

 

On the removal of the banner, Jamiu said he received multiple calls ascribing the gesture as cowardice.

 

 

“It is not cowardice. We removed it to let peace reign, to obey our government because we are peace-loving people and also because we know it’s a festive period, people may think it was actually calculated to enrage others. We are going to modify it and put it back. We are not cowards,” he said.

 

The banner has since been replaced with another which says “A

llah is the lord of Jesus.”

 

Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

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CBN fines bank found hoarding cash N150m

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CBN fines bank found hoarding cash N150m

The Central Bank of Nigeria (CBN) has imposed a N150 million fine on a commercial bank for failing to dispense cash through its Automated Teller Machines (ATMs).

This action follows an unannounced inspection by the apex bank, which uncovered deliberate cash hoarding and ATM manipulation by the erring bank.

Sources within the CBN revealed that the sanctioned bank was caught disabling its ATMs, thereby denying customers access to their funds while prioritizing cash disbursements to select VIP clients.

A staff member of the CBN stressed that the apex bank would not tolerate such practices.

“The Bank will not spare any Deposit Money Bank (DMB) caught in the act of hoarding cash or found favoring VIP customers over other customers,” the official stated.

To this end, the CBN has intensified spot checks on banks nationwide, exposing various illicit cash-handling practices by some unscrupulous financial institutions.

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For now, the CBN is imposing financial penalties on defaulting banks. However, according to the official, the next phase of enforcement will include publicly naming and shaming offending banks and prosecuting implicated bank officials.

“This fine is just the beginning. The CBN is determined to hold banks accountable for any actions that undermine public trust and the integrity of the banking system,” the official added.

Despite the ongoing challenges, the CBN has reiterated its commitment to promoting cashless banking in the country.

Another senior official disclosed that the apex bank’s management is intensifying efforts to encourage the use of electronic channels for transactions.

“The frustration faced by account holders is undermining our push for a cashless economy. We are doubling down on initiatives to restore public confidence in electronic banking solutions,” the official said.

CBN fines bank found hoarding cash N150m

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