HUSHPUPPI’S TRIAL IN US POSTPONED TILL NEXT YEAR - Newstrends
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HUSHPUPPI’S TRIAL IN US POSTPONED TILL NEXT YEAR

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HUSHPUPPI

The trial of a Nigerian Instagram celebrity, Ramon Abbas, also known as Hushpuppi, has been postponed in California, United States, till May 2021.

Hushpuppi, extradited to the United States from Dubai in July, is facing criminal charges of alleged conspiracy to launder hundreds of millions of dollars from business email compromise (BEC) frauds and other scams.

He was said to have been involved in scams targeting a US law firm, a foreign bank and an English Premier League soccer club.

If convicted, Abbas would face a maximum sentence of 20 years in federal prison.

Premium Times reported that Judge Otis Wright had scheduled Hushpuppie’s jury trial for 9:00 a.m. on May 4, 2021. Judge Wright made the order on 23 September.

The trial was expected to begin this month, but was rescheduled because of coronavirus.

The 37-year-old Abbas was busted in Dubai in June by the UAE police, working in collaboration with the FBI.

In July, Abbas alongside another Nigerian fraud suspect Olalekan Ponle, popularly known as Woodberry, was extradited to Chicago, where he was first arraigned.

He was later transferred to Los Angeles, in California, where his trial will commence.

According to an FBI affidavit supporting Abbas’s extradition to the US, Abbas financed this opulent lifestyle through crime, and that he is one of the leaders of a transnational network that facilitates computer intrusions, fraudulent schemes (including BEC schemes), and money laundering, targeting victims around the world in schemes designed to steal hundreds of millions of dollars.”

The affidavit describes BEC schemes as often involving a computer hacker gaining unauthorised access to a business’ email account, blocking or redirecting communications to and/or from that email account, and then using the compromised email account or a separate fraudulent email account to communicate with personnel from a victim company and to attempt to trick them into making an unauthorized wire.

“BEC schemes are one of the most difficult cybercrimes we encounter as they typically involve a coordinated group of con artists scattered around the world who have experience with computer hacking and exploiting the international financial system,” said United States Attorney Nick Hanna.

The affidavit alleges that Abbas and others committed a BEC scheme that defrauded a client of a New York-based law firm out of approximately $922,857 in October 2019. Abbas and co-conspirators allegedly tricked one of the law firm’s paralegals into wiring money intended for the client’s real estate refinancing to a bank account that was controlled by Abbas and the co-conspirators.

The affidavit also alleges that Abbas conspired to launder funds stolen in a $14.7 million cyber-heist from a foreign financial institution in February 2019, in which the stolen money was sent to bank accounts around the world. Abbas allegedly provided a co-conspirator with two bank accounts in Europe that Abbas anticipated each would receive €5 million (about $5.6 million) of the fraudulently obtained funds.

It was alleged that Abbas and others further conspired to launder hundreds of millions of dollars from other fraudulent schemes and computer intrusions, including one scheme to steal £100 million (approximately $124 million) from an English Premier League soccer club.

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Police Arrest Two in Delta, Recover Guns, Daggers and Battle Axe

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Two suspects are in police custody in Delta State following separate raids that resulted in the recovery of firearms, ammunition and other items, the state police command has said.

The latest operation involved the arrest of Chukwuka Nzete, also known as “Ododo”, in Isupe Community, Ndokwa West Local Government Area.

Police said Nzete was suspected of dealing in illegal firearms and alleged that he ran a shrine used to fortify suspected criminal elements.

Items recovered during a search of his residence included a pump-action gun, four dagger knives, a battle axe and pots containing substances suspected to be charms.

The command said detectives were investigating to establish the extent of Nzete’s activities and whether he had links with other criminal groups.

A separate operation also led to the arrest of Joel Iwomi, 36, in Umuebu, Obiaruku.

According to the police, Iwomi resisted attempts by operatives of the Command Anti-Cult Unit to enter his residence before officers eventually gained access and conducted a search.

The search allegedly produced a pump-action gun and 18 live cartridges.

Both suspects have been taken into custody while investigations continue.

The Delta State Commissioner of Police, Samuel E. Erale, said the command would continue efforts to keep illicit firearms away from criminal elements and prevent weapons capable of threatening public safety from circulating in the state.

He urged residents to cooperate with security agencies by reporting suspicious movements, illegal firearms and other criminal activities.

The police said information supplied by members of the public would be handled confidentially.

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Tinubu Arrives Paris for Second Phase of European Vacation

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Tinubu approves 25 new cancer treatment machines, FG begins wider cancer-care expansion

President Bola Ahmed Tinubu has arrived in Paris, France, as he continues his three-week annual vacation in Europe.

The President was received by Nigeria’s Ambassador to France, Ayodele Oke, following his arrival in the French capital on Sunday.

Tinubu began the holiday in London after departing Abuja on August 30. The Presidency had announced before his departure that the President would spend three weeks in Europe as part of his annual leave.

The move to Paris marks the second phase of his European vacation.

In the statement announcing the trip, Special Adviser to the President on Information and Strategy, Bayo Onanuga, said London would be Tinubu’s first destination and that he was expected to return to Nigeria after the working vacation.

The Presidency said his return would coincide with preparations for the January 2027 general election, as political activities intensify ahead of the polls.

Tinubu is seeking another term in office on the platform of the All Progressives Congress (APC).

No detailed public itinerary has been released for the President’s stay in Paris.

The President is expected to return to Nigeria after completing the three-week vacation, in line with the schedule earlier announced by the Presidency.

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Petrol Subsidy: Presidency Rejects Atiku’s Plan, Says No Going Back

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Petrol Subsidy: Presidency Rejects Atiku’s Plan, Says No Going Back

Petrol Subsidy: Presidency Rejects Atiku’s Plan, Says No Going Back

The Presidency has ruled out any return to the petrol subsidy regime, insisting that the Federal Government will not reverse the policy despite renewed calls by African Democratic Congress (ADC) presidential candidate Atiku Abubakar for government intervention to reduce the cost of petrol.

The renewed disagreement has pushed fuel subsidy removal back to the centre of Nigeria’s political debate ahead of the 2027 presidential election, with the Tinubu administration defending the reform while Atiku argues that Nigerians have borne the brunt of higher fuel prices without receiving sufficient benefits from the savings generated by the policy.

The Presidency said there would be no going back to the old subsidy system, arguing that restoring it would undermine the economic reforms introduced by President Bola Ahmed Tinubu and could weaken investment in Nigeria’s emerging domestic refining industry.

The government’s position followed Atiku’s renewed advocacy for a form of petrol subsidy, which his camp says would be targeted at domestic production rather than a return to the opaque system that previously consumed huge public funds.

Atiku had earlier pledged to restore petrol subsidy if elected president in 2027. His spokesman, Paul Ibe, subsequently explained that the proposed intervention would initially be used to support households and businesses, revive economic activity and improve productivity before being gradually phased out.

Atiku has argued that the immediate priority should be to reduce the pressure that high petrol prices have placed on households, businesses and the wider economy.

His position has evolved into a proposal for a more targeted intervention linked to domestic production. Under the proposed framework, government support would be directed towards crude supplied to Nigerian refineries in order to lower the cost of locally produced petrol rather than returning to the previous broad subsidy structure.

The proposal has nevertheless attracted criticism from the Federal Government and supporters of the current market-based approach.

The Presidency maintains that subsidy removal was necessary because the former system placed an unsustainable financial burden on the government and created opportunities for abuse.

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President Tinubu announced the removal of petrol subsidy on May 29, 2023, shortly after taking office, declaring that the subsidy was gone.

The decision immediately triggered a sharp increase in petrol prices and contributed to higher transportation and logistics costs, with the effects spreading across food prices and other areas of the economy.

The Federal Government, however, has consistently argued that the policy freed resources that would otherwise have continued to finance petrol consumption rather than infrastructure and public services.

According to figures cited by the government, the removal of the subsidy generated N15.8 trillion in resources for the federation between June 2023 and December 2025.

The government says the resources strengthened the finances of the federal, state and local governments and created additional fiscal space for public spending.

Critics, however, have questioned whether the financial gains have translated sufficiently into improvements in the living standards of ordinary Nigerians.

That disagreement is at the heart of the emerging 2027 fuel subsidy debate.

Atiku has argued that Nigerians should be able to see tangible benefits from the money saved by the removal of subsidy, particularly in the areas of transportation, food prices, electricity, healthcare, education and employment.

The former vice-president has also called for accountability over funds previously spent under the subsidy regime, insisting that anyone who diverted public money should be held responsible.

The Presidency, meanwhile, argues that reversing the policy would create uncertainty for investors who have committed billions of dollars to Nigeria’s downstream petroleum sector.

The government has particularly pointed to the expansion of domestic refining capacity, including the Dangote Refinery, as evidence that the petroleum sector is gradually moving away from dependence on imported refined products.

The Dangote Refinery has continued to expand its operations and has announced plans to increase its processing capacity significantly as it ramps up production.

The refinery has also increased its purchases of Nigerian crude, strengthening its position as a major supplier of refined petroleum products to the domestic market.

The development has strengthened the government’s argument that Nigeria should allow the domestic refining industry to grow under a market-oriented petroleum pricing system.

The Presidency fears that a return to government-controlled petrol prices could distort the market and discourage private investment in refineries.

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The government has also maintained that the country cannot sustainably return to a situation where public funds are used to bridge the difference between the market cost of petrol and an artificially lower pump price.

The debate is further complicated by changing conditions in the global oil market and Nigeria’s increasing domestic refining capacity.

Industry groups have also highlighted the potential benefits of the post-subsidy environment, particularly the increased role of local refineries and changes in the downstream petroleum market.

Atiku’s camp, however, insists that a carefully designed intervention does not necessarily mean a return to the old subsidy regime.

Paul Ibe has said an Atiku administration would use the intervention as a temporary measure while working towards conditions that would eventually make subsidy unnecessary.

Atiku has also sought to distinguish his proposal from the subsidy arrangement that existed before 2023, arguing for a production-based subsidy that would support domestic refining and help bring down the cost of petrol for consumers.

The disagreement has therefore shifted from a simple question of whether subsidy should exist to a broader debate over how petrol should be priced, who should bear the cost and whether government should intervene in the market.

For the Tinubu administration, the priority is to sustain subsidy removal, increase domestic refining and allow market forces to determine petroleum prices.

For Atiku, government intervention may be necessary to cushion consumers and businesses while Nigeria builds a more productive and competitive economy.

The issue has become particularly politically sensitive because petrol remains a major driver of transportation and logistics costs in Nigeria.

When petrol prices rise, the effects are felt by commercial transport operators, manufacturers, farmers, traders and households.

The high cost of moving goods from farms and factories to markets also contributes to broader inflationary pressure, making the fuel-price debate inseparable from the wider cost-of-living crisis.

The Federal Government has responded with alternative energy and transport initiatives, including efforts to expand compressed natural gas (CNG) use as a cheaper alternative to petrol and diesel for transportation.

The administration has argued that such measures are intended to reduce Nigerians’ dependence on petrol and gradually soften the impact of the subsidy removal.

But opposition parties and critics continue to argue that the pace of relief has not matched the scale of the hardship caused by higher energy and transportation costs.

The issue is consequently expected to feature prominently in political campaigns as parties present competing economic programmes to Nigerian voters ahead of 2027.

For now, the Presidency has made its position clear: there will be no return to the old petrol subsidy regime under the Tinubu administration.

Atiku, meanwhile, continues to defend a targeted intervention that his camp says would reduce petrol prices, support domestic production and eventually be phased out.

The competing positions are likely to keep petrol subsidy removal, fuel prices and domestic refining at the centre of Nigeria’s economic and political debate as the country moves closer to the 2027 presidential election.

Petrol Subsidy: Presidency Rejects Atiku’s Plan, Says No Going Back

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