(BREAKING)Betta Edu: EFCC arrests Zenith, Jaiz, Providus Bank CEOs over alleged fraud – Newstrends
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(BREAKING)Betta Edu: EFCC arrests Zenith, Jaiz, Providus Bank CEOs over alleged fraud

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(BREAKING)Betta Edu: EFCC arrests Zenith, Jaiz, Providus Bank CEOs over alleged fraud

The Economic and Financial Crimes Commission (EFCC) has apprehended the CEOs of Zenith, Providus, and Jaiz banks in connection with financial misappropriation and fraud involving disgraced Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu and her predecessor, Sadiya Umar-Farouk.

The banking executives, who have been under covert investigation since the public outrage over the unscrupulous diversion of public cash into private accounts, are now in EFCC custody, numerous reputable sources within the Presidency told Peoples Gazette on Tuesday.

The anti-graft agency is currently investigating multiple cases of considerable public cash being channeled into private accounts, an action sanctioned by Mses Edu and Farouq in their capacity as ministers.

Ms Farouq, who oversaw the Ministry of Humanitarian Affairs, Disaster Management, and Social Development under the previous administration, is also being investigated for mismanagement of at least N37 billion in public funds set aside for then-President Muhammadu Buhari’s conditional cash transfer programme.

The large-scale movement of funds into private accounts was aided by a possible deliberate failure to flag questionable transactions, which banks are required to do under several anti-financial crime laws and Central Bank guidelines, according to The Gazette sources.

The banks did not immediately react to The Gazette’s request for comment on their CEOs’ imprisonment.

Dele Oyewale, an EFCC spokesman, declined to comment on the case. Meanwhile, Ms Edu has stated that her hands are clean and that she is devoted to fighting corruption in the wake of the controversy over her illegal request to wire monies into a private account. Ms Edu made the assertion in a Facebook post targeted to Npower beneficiaries.

“Dear Npower Beneficiaries, I want to assure you all to remain calm and steadfast amidst the recent accusations and suspension I am facing. My heart and hands are clean, and I am committed to fighting corruption,” Ms Edu said.

She added, “It’s essential to be aware that some individuals with impure intentions may use government machinery against you. Stay strong, and together, we will navigate through these challenges.”

There have been several financial corruption investigations since President Bola Tinubu assumed power, resulting in the detention of prominent figures like the disgraced CBN governor Godwin Emefiele and EFCC chair Rasheed Bawa.

 

(BREAKING)Betta Edu: EFCC arrests Zenith, Jaiz, Providus Bank CEOs over alleged fraud

 

 

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Rampaging cultists gun down SUG official, one other in Edo

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Ambrose Alli University

Rampaging cultists gun down SUG official, one other in Edo

Fear gripped residents as two students from Ambrose Alli University (AAU) in Ekpoma, a government-owned institution in Edo state, fell victim to a tragic incident of cult violence.

Among them was a member of the university’s Students’ Union Government (SUG). The SUG official, a 400-level student in the Faculty of Agriculture, met his demise on Poultry Road Extension in Ekpoma.

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This unfortunate event came shortly after another incident where an individual named Eddy was fatally assaulted for allegedly using fake bank alerts during a transaction. Regrettably, this incident was mistakenly interpreted as an attack by rival cult factions. Consequently, a cycle of violence ensued, resulting in the deaths of the two undergraduates.

Confirming the grim reality of the cult-related killings, Edo’s Police Public Relations Officer (PPRO), Superintendent of Police Chidi Nwabuzor, disclosed that arrests have been made in connection to the incident, with investigations underway.

Rampaging cultists gun down SUG official, one other in Edo

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Lagos cleric, 45, docked for raping 22-year-old lady

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A 45-year-old cleric, Mr Sunday Adewoye, was docked for allegedly raping a 22-year-old lady before a Badagry Chief Magistrates’ Court, Lagos State on Tuesday.

Adewoye, whose address was not provided, is charged with unlawful sexual penetration and rape.

The prosecutor, Insp Ayodele Adeosun, told the court that Adewoye committed the offenses on April 17 at 5.00 p.m. on Joseph Dosu Way, Badagry.

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Adeosun said that Adewoye had sexual intercourse with the 22-year-old lady without her consent, in contravention of Sections 260 and 263 of the Criminal Law of Lagos State, 2015.

The Chief Magistrate, Mr Patrick Adekomaiya, did not take the plea of Adewoye.

He said that he needed advice from the state director of public prosecutions.

The chief magistrate ordered that the defendant should be kept in a custodial facility pending the advice.

He adjourned the case until June 3 for mention.

Lagos cleric, 45, docked for raping 22-year-old lady

(NAN)

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Pregnant woman among nine people injured in Lagos gas explosion

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Pregnant woman among nine people injured in Lagos gas explosion

A pregnant woman and eight other people sustained varying degrees of injuries after a gas explosion rocked the Alaba Lane area of Alayabiagba Community in Lagos, Nigeria.

New Telegraph reports that the incident occurred on Tuesday at around 12:39 pm.

According to Amodu Shakiru, the Head of Public Education at the Lagos State Fire and Rescue Service, preliminary investigations suggest that a leaking gas cylinder among several being traded in the neighborhood triggered the explosion.

The leak caused a high-tension cable to snap, starting a fire that destroyed four commercial tricycles, six lock-up shops, and a portion of a bungalow building.

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“The Federal Fire Service, Lagos State Fire and Rescue Service, and fire stations in Ajegunle and Sari-Iganmu quickly responded to the incident and were able to contain the fire.

“The Lagos State Ambulance Service also provided initial care to the injured, including the pregnant woman and children.”

“The pregnant woman and eight other victims, both male and female, are currently receiving treatment at the Gbagada Burn & Trauma Center and Ajeromi General Hospital for their burn injuries.”

In a separate incident, reports indicate that no fewer than 14 buildings were gutted by fire in Dosumu Market, located in the Lagos Island area of Lagos State.

Pregnant woman among nine people injured in Lagos gas explosion

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