[Updated] EFCC operatives arrest over 70 OAU students – Newstrends
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[Updated] EFCC operatives arrest over 70 OAU students

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[Updated] EFCC operatives arrest over 70 OAU students

Operatives of the Economic and Financial Crimes Commission, EFCC, arrested 72 students of Obafemi Awolowo University, OAU, Ile-Ife, Osun State.

The anti-graft agency carried out the raid on Monday morning.

The early morning raid was on two major off-campus hostels in the town, and the students and their vehicles were taken to the Ibadan office of the commission.

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OAU’s Students’ Union President, Akinremi Abass who confirmed the incident, said the union leadership is on the way to Ibadan to learn more about the early morning incident.

Meanwhile, the OAU Students’ Union has condemned the raid in a statement via its Twitter handle.

The statement reads, “We strongly condemn the recent unjust arrest and harassment of our fellow students by members of the EFCC @officialEFC in the odd hours of today, Nov 1st, 2023.

“This action is unacceptable and goes against the principles of justice and due process,” it said.

The students’ body said it stands in solidarity with the arrested students, calling for a thorough investigation into these incidents. “The safety and rights of students must be protected,” it said.

[Updated] EFCC operatives arrest over 70 OAU students

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Four varsity lecturers dismissed for sexual misconduct

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Four varsity lecturers dismissed for sexual misconduct

In a significant development, the Governing Council of Federal University Lokoja has approved the dismissal of four lecturers over allegations of examination malpractices and sexual misconduct.

According to reports, the decision was made during the council’s Second Meeting on Thursday, following a thorough investigation into the accusations that surfaced last year.

Led by Senator Victor Ndoma-Egba, the council commended the university’s management for adhering to due process in investigating the claims of examination misconduct and sexual harassment against the lecturers involved.

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Ndoma-Egba stated, “The council will not tolerate any unethical conduct in the university” and called for prompt resolution of other pending misconduct cases, particularly one within the Faculty of Science that has gained media attention.

In a caution to staff and lecturers, the council emphasized its commitment to addressing any form of student molestation and urged students to report incidents of misconduct without fear.

 

Four varsity lecturers dismissed for sexual misconduct

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BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

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BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year.

Atiku Bagudu, Minister of Budget and Economic Planning, disclosed this to journalists on Thursday following the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu.

Bagudu revealed that the council had approved the Medium-Term Expenditure Framework (MTEF) for 2025-2027.

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According to the minister, the government has pegged the crude oil benchmark at $75 per barrel, with an oil production target of 2.06 million barrels per day (bpd).

The budget also sets the exchange rate at N1,400 per dollar and aims for a gross domestic product (GDP) growth rate of 6.4%.

 

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

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EFCC arrests ex-NCMB boss over $35m energy project fraud

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EFCC arrests ex-NCMB boss over $35m energy project fraud

The Economic and Financial Crimes Commission (EFCC) told FIJ that they have arrested Timber Wabote, the former executive secretary of the Nigerian Content Development and Monitoring Board (NCMB), on the grounds of a failed $35 million Bayelsa refinery project fraud.

Dele Oyewale, the EFCC’s spokesperson, confirmed this to FIJ on Thursday.

“It is true,” Oyewale responded to FIJ’s inquiries.

Wabote is accused of misappropriating public funds for a refinery project that should have improved local energy production.

Vanguard reported that the NCDMB under Wabote paid $35 million to support the development of energy infrastructure in the Brass Local Government Area of Bayelsa, yet there was nothing to show for it.

The EFCC picked Wabote up following the arrest of Akintoye Adeoye Akindele, the Managing Director of Atlantic International Refinery and Petrochemical Limited, for alleged misappropriation, money laundering and diversion of $35 million in public funds.

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“NCDMB under the watch of Wabote allegedly paid the $35 million to Akindele to build a 2,000 barrel per day (BPD), refinery, jetty, gas plant, power plant, data centre and tank farm at Brass free trade zone (FTZ), Okpoama Community in Brass LGA of Bayelsa State,” a source with the EFCC had explained.

Since December 2020 when the payments were made, Akindele abandoned the project with little or nothing to show for the huge sum he received.

Preliminary investigations showed that Wabote’s NCDMB financed 17 different projects, including the 2,000 BPD refinery in Brass LGA.

There has been a series of public fund misappropriation cases in the energy sector in recent times.

FIJ earlier reported that members of the House of Representatives summoned three ministers to defend how over $2 billion was spent on renewable energy with not much to show for it.

A recent FIJ report also recently detailed how residents of Yenagoa, the capital of Bayelsa, have not had power in their homes since July due to the vandalisation of the Ahoada-Yenagoa transmission towers caused by unidentified persons.

The Bayelsa state government told FIJ it was the federal government’s responsibility to provide electricity for residents. The state has no renewable energy options reliable enough to power its capital despite the multi-million-dollar NCMB energy project.

Transparency in the energy sector has become necessary at a time when Nigerians have suffered power instability due to frequent grid collapses.

EFCC arrests ex-NCMB boss over $35m energy project fraud

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