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Alleged N950m fraud: Court orders ex-Punch worker, others be produced for arraignment

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By Kayode Sanni-Arewa

An Ikeja Special Offences Court has ruled that the former staff members of Punch Newspaper Ltd., Olusegun Ogunbanjo and others, charged with N950 million fraud be produced for arraignment.

Other defendants in the suit numbered ID/21559C/2023 are Olawunmi Ogunbanjo, Vaneloo International Ltd., Valeco Global Ventures, Bagco Garba, Taofeek Ogunbanjo, Ifeanyi Odogwu, Bound Media Ltd., and Godwin Benson.

Justice Ismail Ijelu in his ruling said the court had thoroughly examined the information and proof of evidence in the case and formed the view that its jurisdiction to entertain the case was absolutely intact.

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Ijelu said the applicant/defendant’s objection was unmeritorious as he failed to establish that the prosecution in the case engaged in improper use of judicial process to interfere with the efficient and effective administration of justice.

According to him, the court had been empowered to make restraining order such as interim order which has an effect of freezing the property thereby preventing the suspect from dealing with proceeds of crime by him or third part on his behalf, pending the determination of the case.

He said: “The defendant/applicant stated that the prosecution filed a charge against him at the Magistrate Court three and one at Yaba and there is an information before Justice Nicole-Clay filed before the case was brought before this court.

“In responding to this fact, the respondent stated that the criminal charge against the first defendant/applicant at the Magistrate Court had since been discontinued and this was not disputed by the first defendant/applicant.

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“The defendant/applicant contention seemed to be that the fact that charges were filed at different times in different courts constitute an abuse of court process.

This might be so in civil matters, however, this contention failed to have regard to the fact that trials are yet to start in these cases.”

The judge said an abuse in criminal cases would result if after filing the same charge in different courts, the prosecution began trials in all of them simultaneously, without discontinuing one or the other.

He said it was so because the attorney general had the discretion as to which court a defendant was to be prosecuted.

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According him: “The fact that he chooses to file information at the high court when a matter is pending at Magistrate court, does not amount to abuse of court process, as the charge at the magistrate court has been technically discontinued upon filing information at the high court, on similar facts against the defendant.

“The fact that the defendant/applicant filed a fundamental right action at the federal high court does not mean that a criminal action can not be proceeded.

“In fact. it can proceed simultaneously and fundamental rights action can not used to shield a person against criminal prosecution.

“The applicant’s ground that no proof of evidence or hearing notice was served on him is of no moment as the court has the power to grant interim forfeiture ex-parte even in the absence of the charge.”

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The judge further said that publication was made to the member of the public Including the first defendant which was done within 14 days but the first defendant did not obey the order.

“There is nothing before the court to show compliance by the defendant.

“Rather to comply with the order of the court, he chose to challenge the jurisdiction of the court.

“This court has thoroughly examined the information and proof of evidence in this case and form the view that its jurisdiction to entertain this case is absolutely intact.

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“The objection of the first defendant is hereby overruled and he and other defendants shall be produced in court to take their plea,” he said.

The News Agency of Nigeria (NAN) reports that theboth counsel had on Jan. 30 adopted their written addresses.

Counsel to the first defendant/applicant, Mr Charles Jiakponna, had challenged the jurisdiction of the court to hear the case.

The Lagos State Director of Public Prosecutions (DPP), Dr Babajide Martins, in his 11-paragraph counter-affidavit had prayed the court to dismiss the preliminary objection.

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He had said that the objection lacked merit.

NAN also reports that Ogunbanjo had been arraigned before a Sabo-Yaba Chief Magistrates’ Court on March 10, 2023, for alleged N950 million fraud.

Magistrate Adeola Olatubosun had granted him bail in the sum of N10 million with two sureties in like sum, following his not guilty plea to the three-count charge of obtaining by false pretences, forgery and stealing.

Ogunbanjo is alleged to have obtained N450 million from one Mr Olusola lkuyajesin and N500 million from one Mr Durodola Balogun under false pretences of using the money to buy stationeries.

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He also allegedly forged an organisation’s local purchase orders to carry out the acts, in contravention of Sections 287, 314 and 365 of the Criminal Law of Lagos State, 2015.

The judge adjourned the case until March 14 for arraignment.

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Gumi Questions Why No One Has Visited Boko Haram, Bandits to Negotiate Peace

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Controversial Islamic cleric, Sheikh Ahmad Gumi, has questioned why no government official has visited Boko Haram terrorists and bandits to negotiate an end to their violence, the way past leaders engaged Niger Delta militants.

He made the comparison in a Facebook post on Saturday, recalling how former President Goodluck Jonathan and former Vice President Yemi Osinbajo both visited militants in the creeks to broker peace.

Gumi noted that both leaders, at different times, went into the creeks to meet militants and returned with programmes designed to end militancy in the region.

“The former President Jonathan visited Delta militants in the creeks, so also the former Vice President Osinbajo. They all came up with a program to tame the militants,” he wrote.

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The cleric then asked who would extend similar engagement to Boko Haram and bandits terrorising parts of northern Nigeria without facing public backlash.

“Who is going to visit BH and Bandits to tame them without fools castigating them?” he asked.

Gumi has for years positioned himself as an advocate for dialogue with armed groups in the North-West and North-East, repeatedly visiting bandit camps in Zamfara and other states to hear their grievances.

He has consistently argued that negotiation, rather than military force, worked to end militancy in the Niger Delta and should be replicated in the North.

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The cleric’s interventions have drawn both support and criticism. While some Nigerians accuse him of legitimising armed groups responsible for kidnapping, killings and cattle rustling, others credit his engagements with securing the release of kidnap victims.

The retired military officer has repeatedly denied backing terrorism, insisting his advocacy is aimed solely at ending the bloodshed through dialogue and rehabilitation.

The Niger Delta amnesty programme, launched in 2009 under the late President Umaru Yar’Adua and sustained by Jonathan, saw thousands of militants disarmed in exchange for training, stipends and reintegration support. The programme significantly reduced attacks on oil infrastructure in the region.

Jonathan first waded into the Niger Delta crisis in 2007 as vice-president, entering the creeks without an armed detail to meet ex-militant leader Government Ekpemupolo, popularly known as _Tompolo_, in Warri, Delta State.

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He later said the meeting laid the groundwork for the amnesty programme granted to militants, which remains in place today.

Osinbajo similarly toured Niger Delta communities as acting president in 2017, engaging militants and traditional leaders directly. 

He justified the outreach by arguing that those in the creeks were citizens with genuine grievances, not merely security threats.

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Photo news: Gov Fubara performs groundbreaking/ foundation laying ceremony of Riven Medical Industries Project at Rumuosi, Port Harcourt

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L-R: Managing Director, Enbay Pharmaceutical Industries Ltd, Mr Eniye Oweifie; Chairman, Obio-Akpor LGA, Dr Gift Worlu; Director Medical Services/Ag. Permanent Secretary, Rivers State Ministry of Health, Dr Vincent Wachukwu; Governor of Rivers State, His Excellency, Sir Siminalayi Fubara and Deputy Governor, Rivers State, Prof Ngozi Odu, during the groundbreaking/ foundation laying ceremony of the Riven Medical Industries Project at Rumuosi, Port Harcourt last Wednesday.

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FG honours outgoing IMF Resident Rep, reaffirms strategic partnership with body

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The Federal Government has reaffirmed its commitment to deepening its longstanding partnership with the International Monetary Fund (IMF), while paying tribute to the Fund’s outgoing Resident Representative in Nigeria, Dr. Christian Ebeke, for his significant contributions to the country’s economic reform efforts.

The commitment was reaffirmed at a farewell dinner held in Abuja in honour of Dr. Ebeke, where the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, described him as a trusted partner whose professionalism, technical depth and constructive engagement helped strengthen cooperation between Nigeria and the IMF during a critical period of economic transition.

The Minister noted that Dr. Ebeke’s tenure coincided with the implementation of far reaching reforms aimed at restoring macroeconomic stability, strengthening public finances, improving investor confidence and laying the foundation for sustainable economic growth. He said throughout that period, the outgoing IMF Resident Representative remained closely engaged with Nigerian authorities, providing valuable technical support while demonstrating a deep appreciation of the country’s unique economic realities.

According to the Minister, Dr. Ebeke made significant contributions to policy discussions on fiscal reforms, domestic revenue mobilisation, public debt management, foreign exchange reforms and other strategic priorities of government. He added that his commitment to dialogue, mutual respect and practical problem solving further strengthened the longstanding relationship between Nigeria and the IMF.

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Mr. Oyedele observed that beyond his professional responsibilities, Dr. Ebeke distinguished himself through his humility, accessibility and ability to build confidence across institutions. Rather than prescribing solutions from a distance, he engaged stakeholders with openness, listened carefully to differing perspectives and worked collaboratively in support of Nigeria’s development aspirations.

The Minister thanked Dr. Ebeke for his friendship, dedication and invaluable service to Nigeria, noting that the relationships built during his assignment would continue to strengthen cooperation between the Federal Government and the International Monetary Fund. He wished him and his family continued success, good health and fulfilment as he proceeds to his next assignment.

The Director, Internationl EconomicsRelations Department (IER) Stanley George, said Dr. Ebeke’s tenure would be remembered for its professionalism, constructive engagement and steadfast support for Nigeria’s economic reform efforts. He noted that the partnership between Nigeria and the IMF had grown stronger through sustained dialogue, mutual respect and shared commitment to the country’s economic progress, adding that Dr. Ebeke’s contributions would leave a lasting impact on the relationship between both institutions.

In a goodwill message, the Governor of the Central Bank of Nigeria, Mr. Yemi Cardoso, said Dr. Ebeke’s tenure coincided with a defining period in Nigeria’s economic reform journey, during which the Federal Government and the Central Bank implemented bold policy measures to restore macroeconomic stability, strengthen policy credibility, improve market confidence and lay a firmer foundation for sustainable growth. He commended the outgoing IMF Resident Representative for promoting constructive dialogue, facilitating technical cooperation and bringing professionalism, objectivity and a practical understanding of Nigeria’s economic realities to every engagement. The Governor expressed confidence that the strong collaboration between Nigeria and the IMF would continue under Dr. Ebeke’s successor.

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Responding to the tributes, Dr. Christian Ebeke described his three year assignment in Nigeria as both a privilege and a professionally enriching experience. He said serving as the IMF Resident Representative gave him the opportunity to engage with government officials, development partners, the private sector, academia and other stakeholders committed to Nigeria’s economic development, describing the experience as one he would always cherish.

Dr. Ebeke said he would leave Nigeria with profound admiration for the resilience, talent and entrepreneurial spirit of its people. He expressed confidence that, with sustained reforms, sound economic policies and continued collaboration among stakeholders, Nigeria is well positioned to achieve inclusive and durable economic growth.

He expressed appreciation to the Federal Government, the Honourable Minister of Finance and Coordinating Minister of the Economy, the Governor of the Central Bank of Nigeria, officials across government institutions, development partners, members of the media and his colleagues at the International Monetary Fund for their friendship, cooperation and support throughout his assignment. He added that the cordial relationship between the IMF and Nigerian authorities had further strengthened the longstanding partnership dedicated to advancing the country’s reform agenda and sustainable development.

Reflecting on his time in Nigeria, Dr. Ebeke said the relationships he built and the memories he created would remain with him long after his departure, adding that he looked forward to following Nigeria’s progress and remaining a friend of the country in the years ahead.

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The farewell dinner was attended by top government officials, including the Director General of the Debt Management Office, Mrs. Patience Oniha; the Statistician General of the Federation, Prince Adeyemi Adeniran; chief executives of government agencies; representatives of development partners and the diplomatic community; senior officials of the Federal Ministry of Finance; and other distinguished guests, all of whom joined in celebrating Dr. Ebeke’s remarkable service and enduring contribution to Nigeria’s economic reform journey.

The evening concluded with renewed appreciation for the enduring partnership between Nigeria and the International Monetary Fund and a shared commitment to sustaining the collaboration that has supported the country’s ongoing fiscal and macroeconomic reforms. Guests also wished Dr. Ebeke and his family continued success and fulfilment as he embarks on his next assignment.

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