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EFCC Re-arraigns Maurice Iwu over N1.23bn fraud

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Prof. Maurice Iwu

The Economic and Financial Crimes Commission, EFCC, on Thursday re-arraigned a former chairman of the Independent National Electoral Commission, INEC, Professor Maurice Iwu, over alleged fraud of laundering N1.23 billion on four counts before the Federal High Court in Lagos, Southwest Nigeria.

The re-arraignment became necessary, since the former INEC chairman was arraigned during judiciary vacation before a vacation judge, professor Chuka Obiozor, as the case file was later re-assigned to another judge, Nicholas Oweibo.

When the charges were read to him, he pleaded not guilty, thereafter his counsel, Mr A. A. Usman, in oral application urged the court to allow him continue on his former bail he was granted when he was first arraigned before the court.

Usman further told the court that since Iwu was granted bail, he has kept to the terms of the bail.

The EFCC prosecutor, Rotimi Oyedepo did not raise any objection.

However, Usman drew the attention of the court to an application filed before the court by the defendant challenging the territorial jurisdiction of the court.

The presiding Judge, Oweibo while acceding to the request of the defence counsel adjourned till 25th November, 2019 for trial to commence.

In the charges, the anti-graft agency alleged that Iwu committed the offence in the build-up to the 2015 general elections in which President Muhammadu Buhari defeated the then incumbent President, Goodluck Ebele Jonathan.

Iwu between, December 2014 and March 27, 2015, was alleged to have aided the concealment of N1.23 billion in the account of Bio-resources Institute of Nigeria Limited with number 1018603119, domiciled at the United Bank for Africa., the money he ought to have reasonably known formed part of proceeds of an unlawful act, to wit: fraud.”

It was further stated that the offence committed by the ex-INEC chairman was contrary to sections 18(a) and 15 (2) (a) of the Money Laundering ((Prohibition) Act 2011 and was liable to be punished under Section 15(3) of the same Act.

When the charges were read to him then, he pleaded not guilty.

Thereafter, based on bail argument canvassed for by his lawyer, Hamed Raji and opposed by EFCC prosecutor, Oyedepo, the presiding vacation judge, Chuka Obiozor admitted him to bail in the sum of N1 billion with two sureties in like sum.

The first surety must be resident in Lagos State and must also show evidence of ownership of property in Lagos State and furnish the court with evidence of tax payment of three years, among others.

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crime

Former IGP Ehindero, CP Obaniyi acquitted of N16.4m fraud charge

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Ex-Inspector-General of Police (I-G), Mr. Sunday Ehindero.

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NAFDAC says it will reduce substandard and falsified drugs to five per cent prevalence by 2025

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Professor Moji Adeyeye, NAFDAC boss

National Agency for Food and Drug Administration and Control (NAFDAC) says it will reduce substandard and falsified medicines to five per cent prevalence by 2025 in the country.

The Director-General, Prof. Mojisola Adeyeye, said this at a news conference on Monday in Abuja.

Adeyeye said that one of the strategic plans of NAFDAC was to reduce substandard and falsified medicines to “not more than five per cent prevalence” in Nigeria by the year 2025.

She said that “the last data we have on the prevalence of substandard and falsified medicines in Nigeria is 16.7 per cent.”

She, however, added that the 16.7 per cent prevalence was 14 years ago, noting that it was time the agency did another survey to determine the present percentage of prevalence of substandard and falsified medicines in the country.

Adeyeye explained that NAFDAC had been proactive and vigilant toward curbing substandard and falsified medicines in the country, stressing that the move became necessary to safeguard the health of the populace.

She said that the agency would make it mandatory to identify and test the active pharmaceutical ingredient in all imported and locally manufactured drugs in the country from January 2020.

This, according to her, is to ensure compliance with international standards.

The director-general noted that besides safeguarding the health of the people, the regulatory control would also build confidence in Nigerians about the medicines available in the country.

Adeyeye, who said that substandard drugs could come through importation, explained that NAFDAC started enforcing regulations and control of active pharmaceutical ingredients of all drugs imported or manufactured locally in 2019.

He added that the agency had been requesting for the drug master file that had the history of processing and safety of the drugs.

She said that in 2018, the agency started a country-wide inspection of 165 companies, using the international standard to ascertain Good Manufacturing Practices (GMP) compliance.

Adeyeye added that part of the GMP was the use of appropriate manufacturing equipment and facilities by manufacturers to ensure adequate control.

She said that measures were also put in place for the production of quality products.

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Domestic Workers Cart Away Celeb’s N243M Jewelry

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Two domestic workers who connived and stole a Cuban Diamond neck chain, a Frank Muller and Rolex wrist watches worth N243 million belonging to their employer were Wednesday arrested in Borno after almost two weeks of fleeing Lekki, Lagos.
The suspects: Alex Obinyan (39), cleaner and Ayuba Samson (29), car washer, were arrested after they had sold the Cuban Diamond neck chain and Frank Muller wrist watch for N6M and N4M respectively in Lagos and Abuja.
The identity of their employer, who sources confirmed is a popular celebrity with vast investment in Lekki, Lagos is being kept under wrap by the police. Obinyan, source disclosed had spent over 8 years working and living with the celebrity in Lekki before the incident.
His colleague, Ayuba started working at the celebrity residence only two months ago after returning from Chibok, his home town. They earned N80,000 and N50,000 monthly.
The suspects and the buyers of the jewelry were brought to Rapid Response Squad headquarters, by the Decoy Team of the agency in an unbranded vehicle after an 8 day investigative activities to Abuja and Borno State.
The suspects, who were captured on CCTV leaving the celebrity’s residence have confessed stealing the Cuban Diamond Chain valued at N54 million, a Frank Moller Wrist watch worth N140 million and a Rolex wrist watch worth N49 million.
According to Obinyan, they sold the Cuban Diamond Chain in Eti – Osa, Lagos for N6 million while the Frank Moller watch was sold in Abuja for N4 million.
“I have been working with him (celebrity) in Lekki for over 8 years. I am used to moving those valuables around the house wherever I found them in his car. I have never thought of stealing them.
When Samson came and he saw me with the gold chain laced with diamonds, he convinced me that we could make a fortune from stealing them. He was not with us before. Within two months of his stay, we planned to steal these things.
Oga was in the sitting room. We stole the chain along with a Frank Moller wrist watch and a Rolex wrist watch. Before escaping, we already got a buyer for the chain. We sold the Cuban Diamond chain in Eti – Osa for N6 million.
The following day, we escaped to Abuja where we bought a Toyota Corolla. We sold the Frank Moller watch in Abuja for N4 million to raise more money for our escape to Borno State, where we intended to start new lives and businesses”.
Obinya in his letter to the celebrity informing him of his departure, (reads in parts, un – edited) “…I know you will be shock why I write to you but the truth is that due to some quite observation I have come to a notice that you are not a person that someone can rely on.
I have been patient enough to see if you can help me but you keep on promising me up to now there is no avale.
To cut the story short, I have decided to stop working for you, and I’m sorry to mention that but you have to bear with me. I have gone for good, because I cannot continue to work for a person that doesn’t care about me and doesn’t value me for the rest of my life”.
The suspects were arrested in Maiduguri in their two room and parlour they rented. Also arrested with them were the buyer of the Cuban diamond chain, Haruna Abdullahi and that of the Frank Moller’s wrist watch, Abubakar Buhari.
Recovered from the suspects were a Rolex watch, two brand new keke Napep and a Toyota Corolla and the sum of $2200.
The suspects have been transferred to the State Criminal Investigation Department (SCID), Panti for further investigations.
Commenting on the development, Commander RRS, DCP. Olatunji Disu urged lagosians to always do a background check of all their workers before employing them.

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