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FG will soon revive terrorism prosecution courts – Malami

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Special terrorism prosecution courts will soon be reestablished in Nigeria, Attorney-General of the Federation, Abubakar Malami, has said.
A statement by Umar Gwandu, Special Assistant on Media and Public Relations to Malami, said the decision was part of efforts to address insecurity in the country.
He stated, “The Federal Government is committed to ending insecurity in the country. The courts are to bring to book all those found guilty in connection with terrorism, so as to serve as a deterrent to others,” the statement read.
“In addition to the prosecution of 400 suspected Boko Haram financiers, the measures taken by the government will counter the twin trouble of insurgency and insecurity in the country.”
On April 30, 2013, Ibrahim Auta, the former chief judge of the federal high court, made a practice direction that amended the order 48 rule 4 of the federal high court (civil procedure) rule 2009, which took effect on June 3, 2013.
The practice direction was intended to fast-track criminal trials relating to offences of terrorism, kidnapping, trafficking in persons, rape, corruption, and money laundering cases, and ensure that delays in criminal trials are largely eliminated.
Under this practice, the court shall ensure that criminal cases are fully ready for trial before hearing dates are agreed, in order to minimise undue adjournments and delays.
Parties involved in the trials are also expected to focus only on important matters relating to their cases.

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

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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.

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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.

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

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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.

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Court frees Diezani associate Omokore of $1.6bn fraud

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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.

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