Business

Court rejects DSS bid to arrest Emefiele over alleged terrorism financing

Published

1 year ago

December 20, 2022

An application by the Department of State Services (DSS) presented before a federal high court sitting in Abuja to arrest and detain Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has been been turned down.

Justice JT Tsoho, in his ruling, said the secret police did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.

The judge said he should have been taken into confidence if there was any evidence to back the allegations in the application, marked FHC/ABJ/CS/2255/2022.

The judge also wondered why the name of the respondent was given simply as ‘Godwin Emefiele’ without a material disclosure that he is the same person as the CBN governor, a highly ranking public official who occupies an extremely sensitive position.”

The court said such an application should have been accompanied with the presidential approval because of the grave implications for the Nigerian economy if the CBN governor is arrested and detained.

The ruling read in part, “Upon perusal of the documents that constitute the Applicant’s Motion Ex parte dated and filed on 7/12/2022, I am constrained to make the following vital observations:

1. The entire affidavit depositions, especially as per paragraph 4 of the supporting affidavit, purport that preliminary investigation has revealed various acts of Terrorism Financing, fraudulent activities perpetrated by the Respondent and his Involvement in economic crimes of national security dimension. These are no doubt, grave allegations, but which the Applicant has not presented any concrete evidence to support.

“The applicant should have taken the Court into confidence, while seeking the exercise of its discretion in favour of granting Its application. It is my respectful opinion that the ipse dixit of the Applicant standing on its own, is not sufficient evidence upon which to deprive a person of his liberty.

“2. The respondent in this application is named as “Godwin Emefiele” without disclosure of his status or position anywhere; not even In the affidavit. It is left to speculation if the “Godwin Emefiele” is the same person as the serving Governor of the Central Bank of Nigeria. If it is, then he is unarguably a high ranking Public Official In Nigeria and Indeed occupies a sensitive position as one of the key drivers of the Nation’s Economy. Therefore, an application of this kind should have evidence of the approval of the Respondent’s boss, that such measures are authorised to be taken. I however do not find such evidence in this Instant application, whereas it is a necessary procedure in the observance of the Rule of Law disclosed in the supporting affidavit.

“This is not the situation here, as Godwin Emefiele, the CBN Governor was shown on Television, even last night, having audience with the President of Nigeria. It therefore seems that the Applicant Intends to use the Court, as a cover for an irregular procedure, which is unacceptable.

“In the light of the foregoing reasons, I decline to grant this application Ex parte. If the Applicant believes that the evidence available to it so far is sufficient, then it can as well arrest and detain the Applicant, even without the Order of this Court. If however the applicant desires to still pursue this application, then It should place the respondent on Notice, considering the sensitive Public Office that he occupies.”

Related Topics:DSS Featured Godwin Emefiele terrorism financing

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Business

As controversy over Maersk-FG port investment rages, Onanuga says no $600m deal signed

Published

27 mins ago

May 1, 2024

Trends Admin

As controversy over Maersk-FG port investment rages, Onanuga says no $600m deal signed

The Nigerian government and a shipping giant, Maersk, have not signed any investment agreement, Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, has said.
Onanuga was reacting to the controversy surrounding the reported sealing of a $600 million deal for the development of the nation’s seaports.
He said there was only talk “of possible investment in Nigeria” by Maersk.
Interestingly Onanuga had hinted about the deal in a tweet said to have been pulled down after the social media backlash.
After President Tinubu’s discussion with Maersk’s Chairman Robert Uggla on April 28, on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia, the presidency had released a statement announcing that the shipping company had pledged to inject $600 million into the Nigerian seaport industry.
“Danish shipping company, A.P Moller-Maersk plans $600m investment in Nigeria. Danish shipping and logistics company A.P Moller-Maersk has disclosed a planned investment of $600 million in Nigeria to accommodate more container shipping services in Nigerian ports,” Onanuga wrote on X.
In a statement, Tinubu’s spokesperson, Ajuri Ngelale, also said “President Tinubu meets Chairman of Danish shipping giant Maersk, secures $600 million investment in Nigerian seaport infrastructure.” He quoted Uggla as saying, “We believe in Nigeria, and we will invest $600m in existing facilities and make the ports accommodating for bigger ships.”
In response to this. Maersk officials have denied any such agreement and stress no deals have been signed.
Onanuga in a new report by TheCable, an online news platform admitted no agreement on investment had been reached by the two parties.
“I think the statement issued by Maersk did not talk about a deal. There was no deal according to that statement that I read.
“However, there was talk of investment,” the special adviser said.
“No document or agreement was signed, so there was no deal. But there was talk of a possible investment in the country.
“So, go and read the statement again. They never said any deal was signed between the Nigerian government and the Dutch company. There was nothing like that.”
Onanuga however said the shipping company did not expressly deny that there was an investment talk.
He said people are “unnecessarily giddy over nothing.

Business

Naira gains N28.15 against dollar, trades N1,390/$

Published

5 hours ago

May 1, 2024

Trends Admin

Naira gains N28.15 against dollar, trades N1,390/$

The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the gain represented a 1.98 per cent appreciation for Naira.

Naira gains N28.15 against dollar, trades N1,390/$

NAN

Railway

Finally, Port Harcourt-Aba train service begins with four-day free ride

Published

5 hours ago

May 1, 2024

Trends Admin

Finally, Port Harcourt-Aba train service begins with four-day free ride

A four-day free train ride from Port Harcourt in Rivers State to Aba, Abia State will begin today, May 1, signifying commencement of rail service along the 62-kilometre route.
This is coming a month after the train operation on the rehabilitated narrow gauge track was initially meant to start.
Minister of Transportation, Senator Saidu Alkali, inaugurated the rail service in Port Harcourt on Tuesday.

Alkali said the project was part of the rehabilitation of 1,443km Port Harcourt to Maiduguri narrow gauge rail line.

He said that the Port Harcourt to Aba section of the project was the initial part of the Eastern narrow-gauge railway, aiming to connect five geopolitical zones of the country.

He said, “The Federal Government is pleased to inaugurate the train service from Port Harcourt to Aba, a key priority area of President Bola Tinubu’s administration.
“We are grateful to God for the completion of the Port Harcourt to Aba section, which will bring succour to the people.
“The Eastern narrow gauge covers five geo-political zones of the country, including South-South, South-East, North-Central, North- West, and North-East,” he said.
Aba to Enugu rail is next
Alkali said following the completion of the first segment and the start of commercial operations of the rail service, the Federal Government would soon commence the construction of the Aba to Enugu rail project, linking the two states together.
He added that his ministry was working with investors to ensure the conversion of the locomotive across the country from diesel to Compressed Natural Gas (CNG) to reduce transportation costs further.
“Shortly, we will take a train ride from Port Harcourt to Aba, which means that from today, passenger train service has commenced.
“We will continue the project from Aba to Enugu and from Port Harcourt to both Onne and Port Harcourt seaports for freight services.
“The ministry is currently in discussion with an investor to convert our locomotive from diesel to Compressed Natural Gas (CNG) to reduce transportation costs further,” he said.
The minister assured Nigerians that arrangements were being made with security agencies to ensure adequate security along the rail routes.
He also announced free train rides from Port Harcourt to Aba between May 1 to May 4.
“The train will depart from Port Harcourt to Aba at 8am daily, while it will leave Aba to Port Harcourt at 3pm daily.
“Full commercial operations will resume on May 7, 2024,” he said.