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EFCC has secured 2,781 convictions so far, says Chairman

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EFCC has secured 2,781 convictions so far, says Chairman

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, said that the commission had secured 2,781 convictions as at Oct. 24 on some persons arrested for various financial crimes.

Bawa stated this on Tuesday in Lagos during a one-day workshop on financial crimes’ reporting organised for some journalists by the commission.

The chairman, who spoke to the participants through the e-conference platform, said that the commission was happy and proud to have recorded such number of convictions, stressing that the commission was committed to making more arrests and convictions.

He said that assets running into several billions of naira had also been recovered by the Commission.

The commission’s boss said that the workshop was designed to further promote the ethos of journalism profession and also impart participants with proficiencies, particularly, in reporting financial crimes.

Bawa noted that the gathering was an evidence of the importance which the commission attached to the media as a partner in the fight against economic and financial crimes.

He pointed out that the role of the media in projecting the work of the EFCC over the last 19 years had been remarkable.

Bawa said that some of the financial crimes perpetrated could have been prevented if members of the public had the right information, stressing that it was for this reason that the commission was intensifying public enlightenment engagements with stakeholders.

He said in a few weeks’ time, the commission would witness the formal launch of its radio station.

“It is only fitting that we reciprocate your contributions by seeking to further expand your capacity to deliver this onerous national duty in expanding the space of transparency and accountability in our public life.

“Even with all the milestones recorded by the Commission since its inception, the EFCC has never been under the illusion that it can fight and win the war on corruption without the support of other stakeholders.

“As the fourth estate of the realm, the media has a constitutional responsibility to fight corruption and other forms of economic and financial crimes,” he said.

The EFCC boss called for greater collaboration and information sharing between the media and the Commission, stressing that journalists through their various contacts could gather information that would help the commission to serve the country better and faster.

On the forthcoming 2023 general elections, Bawa said that the commission was beaming its searchlights on some politicians.

He said the commission was also paying serious attention to the activities of some lawyers, car dealers, estate operators, precious stone dealers, accountants, and construction companies amongst others, stressing that investigations revealed that they had become channels of money laundering.

The chairman urged journalists to get familiar with the new money laundering law so as not to run afoul of its provisions and to help educate other citizens.

“I am sure that most of us are aware of the legislative reforms that recently birthed the Money Laundering (Prevention and Prohibition) Act, 2022.

“There are certain provisions of this new law that I believe will affect you directly or indirectly. One is the secrecy of financial transactions.

“The new law criminalises the operation of numbered accounts and also mandates financial institutions to ascertain the beneficial owners of accounts before opening such accounts,” he noted.

It was reported that participants were drawn from the crime, the judiciary and the financial beats.

Papers were presented on the challenges of prosecuting economic and financial crimes in Nigeria, best practices in financial crime’s reporting and peculiarities, trends, typologies and the challenges of cybercrime enforcement in Nigeria.

 

Economy

LASG Reiterates Ban On Commercial Motorcycles In Restricted Areas

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LASG Reiterates Ban On Commercial Motorcycles In Restricted Areas

The Lagos State Government has reiterated that the ban on commercial motorcycles popularly called ‘okada’ in 10 Local Government Areas, (LGAs) and 15 Local Council Development Areas, (LCDAs) in the metropolis still persists.

Special Adviser to the Governor on Transportation, Hon. Sola Giwa declared this at the weekend, while on tour of some restricted areas within the state, where large numbers of motorcyclists (okada riders) had resumed operations.  

Reaffirming the State Government’s ban on okada in the Local Government Areas which include; Kosofe, Oshodi-Isolo, Somolu, Mushin, Apapa, Ikeja, Lagos Island, Lagos Mainland, Surulere and Eti-Osa, as well as the Local Council Development Areas under them which are; Ojodu, Onigbongbo, Lagos Island East, Yaba and Coker Aguda. With others at; Itire-Ikate, Eti-Osa West, Iru Victoria Island, Ikoyi-Obalende, Ikosi-Isheri, Agboyi-Ketu, Isolo, Ejigbo, Bariga and Odi-Olowo, the Transport Special Adviser urged both riders and passengers to keep off.

He implored the general public to comply as both the riders and passengers are liable to 3 years in prison if apprehended and prosecuted, with their motorcycles impounded and crushed in the public view, in line with the provision of Section 46, sub-section 1, 2 & 3 of the Transport Sector Reform Law (TSRL), 2018.

While soliciting support on government policies by all and sundry, the Special Adviser noted that despite the available existing interventions and viable alternatives provided for okada operators which were expected to cushion the effect of the ban on their livelihood, the recalcitrant riders have refused to take advantage of them.

Highlighting some of the viable alternatives made available for the operators by the State Government, Giwa stated that the; Ministry of Women Affairs and Poverty Alleviation (WAPA); (vocational training), Ministry of Wealth Creations and Employment; (internship programmes), Office of Civic Engagement, Office of Sustainable Development Goals (SDGs), Lagos State Employment Trust Fund (LSETF) (Loan for Micro, Small and Medium Enterprises MSMEs), Lagos Economic Acceleration Programme “LEAP”) and the Ministry of Agriculture (Agric YES) are all trade support for the riders.

He also said the State Government’s First and Last Mile Bus Transport Scheme, the BRT Scheme, the Lagos e-hailing taxi Scheme (LAGRIDE) and other sustainable modes of transportation were also part of interventions provided to minimize the inconveniences of the motoring public in executing their daily activities.

Giwa averred that the position of government on okada is very clear, stressing that there is no going back in order to consolidate on the achievements made so far in the decrease in accident and crime rates as well as the return of sanity to the communities within the State.

He added that the Security formations who have been partnering with the State Government including the Nigeria Police Force, the Army, Navy and Air force are still on ground to sustain enforcement on all the banned corridors, as well as the State Traffic Management Authority, (LASTMA) and the Anti-Okada Squad.

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Manufacturers urge FG to dialogue with NLC over plan to picket CBN offices

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Manufacturers urge FG to dialogue with NLC over plan to picket CBN offices

…Says Business no longer lucrative***

The Manufacturers Association of Nigeria (MAN), has urged the Federal Government to dialogue with the NLC on its planned picketing of Central Bank of Nigeria (CBN) offices nationwide.

The Nigeria Labour Congress (NLC), President, Joe Ajaero on Wednesday directed workers to embark on strike over the lingering cash crunch and fuel scarcity.

Ajaero also directed that affiliate unions constituting the NLC should be on standby to picket all branches of the CBN nationwide during the strike which is expected to begin on Wednesday, March 29.

Dr Okwara Udensi Edo/Delta Chairman of MAN, in an interview in Benin, said embarking on strike was not the best option as it would compound the present sufferings of Nigerians.

“For us as manufacturers, strike is not the best option, dialogue is the best thing so that we will not suffer more.

“Embarking on industrial action will ground our businesses, road transport workers might join the strike and this will cripple our activities.

“But unfortunately, it seems strike is the language the government understands.

“I read on the news that the CBN says it will mop up the old N500 and N1,000 notes to commercial banks.

“Must people tell them they want to go on strike before they mop up cash to banks, he said.

He regretted that the manufacturing sector had continued to witness high costs of production, a situation that was not good for economic development.

“We now buy diesel for between N820 and N830 per litre, how many litres of diesel will you buy to run your generator to produce?

“Raw materials we used to pay between N350,000 and N400,000 to convey from Jos to Benin City in 2022 is now about N800,000 as of today.

“Business is no longer lucrative, profit margin has been swallowed by the high cost of production.

“Customers are not ready to buy at higher prices, manufacturers are just selling to stay afloat,’’ he said.

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Economy

Ojerinde: Absence of ex-JAMB Registrar’s children in court stalls alleged fraud arraignment

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Ojerinde: Absence of ex-JAMB Registrar’s children in court stalls alleged fraud arraignment

The absence of the four children of Prof. Dibu Ojerinde, former Registrar, Joint Admissions and Matriculation Board (JAMB), in a Federal High Court, Abuja, stalled their arraignment on Friday.

 Ojerinde and his children; Mary Funmilola, Olumide Abiodun, Adedayo and Oluwaseun Adeniyi, alongside their companies, were to be arraigned before the court.

Olumide Abiodun Ojerinde was a member House of Representatives at 9th Assembly representing Irepo/Orelope/Olorunsogo Constituency of Oyo State.

The Federal Government, through the Independent Corrupt Practices and other related offences Commission (ICPC), had, in a charge marked: FHC/ABJ/CR/119/23, sued the Ojerindes on 17 counts bordering on money laundering.

Ojerinde and his companies are currently facing a money laundering trial before Justice Obiora Egwuatu.

The former JAMB boss was, on Jan. 26, re-arrested by the operatives of the anti-graft commission while he was heading to his car with one of his sons after trial Justice Egwuatu adjourned further proceedings in the charge preferred against him.

ICPC lawyer, Ebenezer Shogunle had, on Feb. 15, notified Egwuatu that Ojerinde was re-arrested on suspicion that he might have committed some other offences not unconnected with the present charges before the court.

He said for this reason, the commission obtained a warrant from the court dated 6th of Dec, 2022 for his re-arrest.

But Ojerinde, in a suit, marked: FHC/ABJ/CS/179/2023, sued the commission for alleged unlawful detention and breach of his fundamental rights.

While Ojerinde’s suit before Justice Egwuatu was adjourned until May 4 for mention, his trial was fixed for the same date for hearing continuation.

The fresh criminal charge against Ojerinde and his children before Justice Ekwo, it was gathered, was connected to the latest finding by the anti-graft commission.

While the FG is the complainant, Ojerinde, Doyin Ogbohi Petroleum Ltd, Cheng Marbles Ltd, Sapati International Schools Ltd, Trillium Learnings Centre Ltd,, Standout Institutes Ltd and Esli Perfect Security Partners are 1st to 7th defendants respectively.

Mary, Olumide, Adedayo and Oluwaseun are the 8th to 11th defendants in the trial.

Although they were not in court, they were represented by a lawyer, Ajibola Bello.

Upon resumed hearing, ICPC’s counsel, Henry Emore, informed the court that the matter was slated for the defendants to take their plea.

He said the 2nd to 7th defendants were corporate persons while the 8th to 11th defendants were natural persons.

Emore said though the defendants were to be arraigned, the 8th to 11 defendants were not in court.

He said the matter was filed on Monday and the court, on Wednesday, graciously gave them today for the defendants to take their plea.

He, however, said they were unable to serve the 8th to 11th defendants.

The lawyer prayed the court for a short adjournment.

Justice Ekwo directed Emore to serve their lawyer in open court since he was present.

“I grant you a leave to serve them now through their counsel. Let the court record shows that this is by leave of court.

“When a lawyer is representing defendants in court, it means that the lawyer knows the contact of the defendants and can reach them,” he said.

The judge, who adjourned the matter until April 19, said: “there shall be consequence if the defendants are not in court in the next adjourned date.”

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