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Alleged N1.96bn fraud: Court admits former Minister to N500m bail
A Federal High Court in Abuja on Wednesday, admitted former acting Accountant-General of the Federation (AGF), Anamekwe Nnabuoku, to a N500 million bail with two sureties in the like sum over allegations bordering on N1.96 billion fraud.
Justice James Omotosho, in a ruling on Nnabuoku’s bail application moved by his lawyer, Isidore Udenko, ordered that the sureties must be owners of landed property within Abuja and shall depose to affidavit of means.
Justice Omotosho held that that the value of the property should not be less than N250 million each.
He ordered that the sureties shall submit their bank statements and tax clearance for three years which shall be verified by the court registrar.
The judge adjourned the matter until Jan. 31 for trial.
Earlier, Nwabuoku pleaded not guilty to a nine-count amended charge preferred against him by the Economic and Financial Crimes Commission (EFCC) after the commission’s lawyer, Martha Babatunde, sought the leave of court for the charge to be read to him.
The News Agency of Nigeria (NAN) reports that the EFCC had, in the charge marked: FHC/ABJ/CR/240/2024, listed Nnabuoku as sole defendant.
In count one of the charge filed on Nov. 27, 2024, by Ekele Iheanacho, SAN, the EFCC alleged that Nnabuoku, alongside Temeeo Synergy Concept Limited (at large), Turge Global Investment Limited (at large), Laptev Bridge Limited, Arafura Transnational Afro Limited (at large) and other persons (all at large) conspired to convert funds which are proceeds of unlawful activities.
The anti-graft agency said the offence was contrary to Section 18 of the Money Laundering Prohibition Act, 2011 as (amended by Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.
NAN reports that Nnabuoku and his co-defendant, Felix Nweke, in the earlier charge, had, on Oct. 14, 2024, opted for a plea bargain agreement with the EFCC.
Lawyer who appeared for EFCC, Ogechi Ujam, informed Justice Omotosho upon resumed hearing in the matter.
Ujam had told the court that on the last adjourned date, Nnabuoku and Nweke had submitted proposal for settlement.
She said the parties, in the 11-count charge, had agreed and that the agreement was submitted to the EFCC’s Chairman, Ola Olukoyede, for approval.
However, when the matter was called on Wednesday, Babatunde, who represented the anti-graft agency, informed the court that an amended charge had been filed by the agency.
In the charge, only Nnabuoku was listed as defendant while Nweke’s name had been dropped.
Although upon resumed hearing, Nnabuoku and Nweke stepped into the dock, no lawyer appeared for the latter.
Justice Omotosho then asked about his lawyer and Nweke said he called his lawyer on phone and he was expecting him to be in court.
The anti-graft lawyer then told the court that the commission had filed an amended charge.
She prayed the court to allow the charge to be read to Nnabuoku and it was not opposed by Udenko, who was counsel to him.
Nweke then stepped out of the court and the nine counts were read to Nnabuoku, who pleaded not guilty to the charge.
His lawyer then moved his bail application which was vehemently opposed by Babatunde.
Babatunde objected to Nnabuoku’s bail plea orally on the ground of the weighty nature of the offence.
She said the defendant might jump bail and refuse to stand his trial.
She urged the court to take judicial notice of her submission if the court was minded to grant him bail.
NAN, however, gathered that Nweke, who was earlier listed as co-defendant, had agreed to serve as prosecution witness in the charge against Nnabuoku, after he had fully refunded the money he allegedly laundered.
Nwabuoku and Nweke, a former Deputy Director in the Ministry of Defence, were earlier being prosecuted for the alleged money laundering offences.
While Nwabuoku was the 1st defendant in the charge marked: FHC/ABJ/CR/240/24 dated May 20, 2024, and filed May 27, 2024, by Iheanacho, Nweke was the 2nd defendant.
They were alleged to have perpetrated the act while Nwabuoku served as the Director of Finance and Accounts in the Ministry of Defence between 2019 and 2021.
Nwabuoku was appointed acting AGF on May 20, 2022 under ex-President Muhammadu Buhari after Ahmed Idris was suspended as AGF over alleged N80 billion fraud.
He was, however, removed in July 2022, few weeks after assumed office.
Sylva Okolieaboh, a Director at the Treasury Single Account (TSA) Department, replaced Nwabuoku as acting AGF.
Okolieaboh’s appointment followed after report that Nwabuoku was under the radar of EFCC over corruption allegations.
NAN had, on July 10, 2024, reported that the ex-AGF and his co-defendants begged the court to give them more time to conclude the refund of the public funds allegedly siphoned.
They prayed the judge to halt their arraignment until another date to perfect the refund.(NAN)
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JUST IN; Saudi Arabia sponsors several Nigerians for Hajj

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JUST IN; Saudi Arabia sponsors several Nigerians for Hajj

The Saudi Arabia embassy in Abuja has hosted a farewell ceremony for 20 Nigerians selected for the Custodian of the Two Holy Mosques’ Guests Programme for Umrah 2025.

A statement issued by the embassy in Abuja said the ceremony held under the leadership of Faisal Al-Ghamdi, the Saudi Ambassador to Nigeria.

It said the initiative highlighted Saudi Arabia’s commitment to supporting Muslims and fostering spiritual connections through pilgrimage.

The News Agency of Nigeria (NAN) reports that the programme, initiated by the Custodian of the Two Holy Mosques, King Salman Al Saud, provides Muslims the opportunity to undertake the lesser Hajj with full sponsorship.

The statement quoted the ambassador as thanking King Al Saud and the Crown Prince, Mohammed bin Salman, for their dedication to Islam’s holy sites.

He also praised their exceptional leadership in enhancing the services provided to pilgrims and ensuring that their journey to the sacred sites is both spiritually fulfilling and seamless.

“The Custodian of the Two Holy Mosques and the Crown Prince have prioritised the well-being of pilgrims, viewing it as a sacred duty and an immense honour.

” Through this programme and other initiatives, Saudi Arabia continues to strengthen bonds of brotherhood among Muslims while ensuring their comfort and safety during their spiritual journey,” he said.

Al-Ghamdi, according to the statement, said the country had invested over 100 billion dollars in the recent expansion and modernisation of the two holy mosques.

According to him, these ambitious projects, encompassing state-of-the-art infrastructure, advanced crowd management systems and cutting-edge technology, reflect Saudi Arabia’s commitment to accommodating the increasing number of pilgrims.

He added that Saudi Arabia was sparing no effort in mobilising resources to improve pilgrimage experience for all Muslims.

Al-Ghamdi also emphasised the importance of adhering to the country ‘s laws and regulations, designed to maintain order and ensure the safety and comfort of all pilgrims.

“The leadership of Saudi Arabia remains fully committed to serving the guests of God.

” This is a responsibility we hold dear, and we continuously strive to enhance the spiritual and logistical aspects of the pilgrimage experience,” he said.

Guests at the occasion expressed appreciation for the opportunity made available through the sponsorship initiative.

NAN reports that the programme provides pilgrims with the opportunity to perform the lesser Hajj, covering all costs, including travel, accommodation and other logistics. (NAN)

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Tinubu’s Tax Reform Bill -TUC tables fresh request to Federal Goct ove

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Tinubu’s Tax Reform Bill -TUC tables fresh request to Federal Goct ove

The Trade Union Congress has advocated that the Value Added Tax rate remains at 7.5 per cent as any increase will place additional financial burden on Nigerians.

Mr Festus Osifo, TUC President said this in a statement on Tuesday in Abuja.

According to him, many Nigerians are already struggling with economic challenges, allowing the Value VAT rate to remain at 7.5 per cent is in the best interest of the nation.

“Increasing VAT would place an additional financial burden on Nigerians, many of whom are already struggling with economic challenges.

”At a time when inflation, unemployment, and the cost of living are rising, imposing higher taxes would further strain households and businesses,”he said.

Osifo, however, said that the congress welcome the inclusion of derivation component in the Value Added Tax distribution amongst the three tiers of government.

He said that when passed into law and properly implemented, it would encourage productivity at the sub-national level.

He also said that the threshold for tax exemptions should be increased from the current ₦800,000 per annum, as proposed in the bill, to ₦2,500,000 per annum.

He added that this would provide relief to struggling Nigerians within the income bracket, easing the excruciating economic challenges they face by increasing their disposable income.

Osifo also explained that the proposed bill assigning royalty collection to the Nigeria Revenue Service (NRS) appeared beneficial on the surface but would most likely result in significant revenue losses for the government.

He said royalty determination and reconciliation required specialised technical expertise in oil and gas operations which NUPRC possessed but NRS lacks, potentially leading to inaccurate assessments and enforcement issues.

”Additionally, this shift would create regulatory burdens, increase compliance costs for industry players, and reduce investor confidence due to overlapping functions and inefficiencies between NUPRC and NRS,” he said.

Osifo, however, said that the union had a shared responsibility to promote policies that would improve the lives of Nigerians amongst whom are workers.

“We believe that proactive measures, when implemented, are for the maximum good of the citizens and evidences of great and sincere leadership.

“As the conversations around the Tax Reform Bill continue, it is our expectations that the focus would be on equitable economic growth and improved living conditions for all Nigerians,” he said.(NAN)

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JUST IN; NAHCON hints of possible reduction in 2025 Hajj fare

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JUST IN; NAHCON hints of possible reduction in 2025 Hajj fare

Professor Abdullahi Saleh Usman, the Chairman/CEO of the National Hajj Commission of Nigeria (NAHCON), has suggested that the cost for Nigerians intending to undertake this year’s Hajj pilgrimage to Saudi Arabia could be reduced, pending the approval of certain waivers by the Federal Government.

On Monday, NAHCON announced the Hajj fares, with the Adamawa/Borno zone set at N8,327,125.59, the Northern zone at N8,457,685.59, and the Southern zone at N8,784,085.59.

The Commission described these fare structures as the result of extensive collaboration.

The Hajj Commission stated that the fare was approved by the Office of the Vice President, with input from the commission, the Presidency, and state pilgrims’ welfare boards “did their best to maintain the Hajj fare within the same range as previously charged”.

In an interview with journalists in Makkah, Saudi Arabia, a transcript provided by the Commission’s media team to reporters in Abuja, Prof. Usman revealed that NAHCON is anticipating waivers on certain charges.

If approved, these waivers could potentially reduce the fare for Nigerians this year.

Although Usman clarified that the commission did not receive direct financial support from the Federal Government, he acknowledged the government’s crucial role in facilitating engagements and discussions with various institutions.

“Actually, we have not received any financial support from the Federal Government. However, the Federal Government has played significant role in facilitating all the engagements, discussions with some institutions.

“We are also expecting waivers on some charges which if approved may likely being down the fare,” the NAHCON CEO said.

He stated that as a result of the commission’s consultations with Saudi-based service providers, it had successfully secured a reduction in the charges for services at the Masha’ir (the holy sites of Arafat, Mina, and Muzdalifah), bringing the cost down to SR4,050 from last year’s SR4,770.

“Our consultation, our contacting with service providers result to huge get huge discount from service providers. For example, the service provider who used to give us service at Masha’if, that is Arafat, Mina, and Muzdalifah, last year charged us SR4,770.

“With this discussion, this year they bring it down to SR4,050. This is the way we got it, ” the chairman informed.

Usman also announced that the deadline for payment of this year’s Hajj fare is January 31, emphasizing that any intending pilgrims who do not make their payment by this date will not be able to participate in the pilgrimage.

“The deadline for payment of Hajj fare this year, 2025 is by 31at January 2025. Anyone who could not pay before this date, it means he cannot participate in this year’s Hajj.

“This is not our decision, I mean it is not a decision of the commission. Even it is not a decision if the Federal Government; it is a decision if the Saudi Arabia government. So we cannot do any otherwise,” he said.

Usman explained that the variation in this year’s Hajj fare was due to the distance to Saudi Arabia, noting that the Adamawa/Borno zone is closer to the Kingdom than other parts of Nigeria.

He further clarified that airlines set their prices based on the distance to Saudi Arabia.

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