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EFCC arraigns forex broker for alleged N2bn investment scam

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Unidentified EFCC Operative Takes Own life
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The Economic and Financial Crimes Commission, EFCC, has arraigned one Rufus John Isip, a self-acclaimed forex broker before Justice C. S. Onah of the Federal High Court sitting in Uyo, Akwa Ibom State for alleged N2 billion investment scam.

A statement by EFCC spokesperson, Dele Oyewale on Saturday said the suspect was arraigned alongside his company, ITM-IT Resources Limited, on an eight-count charge bordering on fraudulent conversion, money laundering and obtaining by false pretence.

According to the statement, “Count one of the charge reads: That you, Rufus John Isip while being the Director of ITM-IT Resources Limited and ITM-IT Resources Limited sometime in December 2020 and May 2021 in Uyo, Akwa Ibom State, within the jurisdiction of the Federal High Court of Nigeria, with intent to defraud, obtained the sum of (431, 331, 172. 00) Four Hundred and Thirty-one Million, Three Hundred and Thirty-one Thousand, One Hundred and Seventy-two kobo from one Michael Okon, the Director of N-Rex Resources Limited under the false pretence that it is an investment in Vandera, an online investment platform, on his behalf, which pretence you knew to be false and thereby committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the same Act.”

The statement noted that the suspect pleaded not guilty when the charges were read to him and Khamis Mahmud, counsel to the EFCC, prayed the court to remand him in EFCC custody.

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Justice Onah adjourned the matter to October 14, 2024 for trial and the defendant was remanded at the Uyo Zonal Directorate of the EFCC.

The statement added, “Isip was arrested based on a petition from one Michael George, alleging that he lured him to invest in his online trading platform called Vandora.io.

“According to the petitioner, the defendant told him that it was more profitable to trade on his platform with a minimum trading capital of $100, 000. 00 (One Hundred Thousand Dollars) and that he would earn more profit if he involved more investors.

“The petitioner thereafter invested, reached out to other investors and companies who also invested in the defendant’s phony online trading platform and after 60 days (as agreed) for the investors to start earning their profits, the defendant disappeared into thin air.”

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All You Need To Know About Kwara ADC Deputy Guber Candidate, Olawuyi Julius Olayide

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Elder Olawuyi Julius Olayide was announced as Kwara State ADC deputy governorship candidate by the state chairman of the party Hon. Babatunde Mohammed after presiding over a strategic meeting in Ilorin on Monday.

The meeting was attended by the party’s governorship, senate, House of Representatives and House of Assembly candidates, and members of the State Working Committee.

The party in a statement made available to Team@orientactualmags.com by Dr. Kabir Abubakar Basambo presents the profile of the deputy governorship candidate.

‘Elder Olawuyi Julius Olayide was born in Offa, Offa Local Government, Kwara State, on January 20, 1960.

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A proud son of Offa, a devout Christian, a respected family man, and a passionate community leader, he is happily married and blessed with children.

A distinguished educationist, Elder Olawuyi dedicated more than 34 years of his life to shaping the future of young people through quality education, exemplary leadership, and selfless service. He obtained his Nigeria Certificate in Education (N.C.E.) in Economics/Social Studies from the College of Education, Oro in 1984 and later earned a Bachelor of Arts in Education (B.A.Ed.) in Social Studies from the University of Ilorin in 1991.

Throughout his remarkable teaching career, he served with diligence and distinction in several reputable schools across Offa. He taught at Ansar ud-Deen College, Offa (1986–2005), Offa Community Secondary School (2005–2006), and Nawar-Ud-Deen College, Offa (2006–2011). He subsequently served as Vice Principal of Moremi High School, Offa (2011–2020), where he mentored, inspired, and positively impacted the lives of countless students before his retirement on 20th January 2020.

Widely admired for his integrity, humility, wisdom, and unwavering commitment to educational excellence and community development, Elder Olawuyi has earned the respect of colleagues, students, parents, and community leaders alike.

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His wealth of experience in education, administration, and grassroots leadership makes him an outstanding public servant.

Today, as the Deputy Governorship Candidate of the African Democratic Congress (ADC) in Kwara State, Elder Olawuyi Julius Olayide stands alongside Rt. Hon. Zakari Muhammed with a shared vision of building a prosperous, secure, and inclusive Kwara.

Together, they are committed to delivering people-oriented leadership, revitalizing education, empowering youths and women, strengthening the economy, and ensuring sustainable development for every community across the state.

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“I fervently believe Obi will not go back on his one-term in office promise” – Rabiu Kwankwaso

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The Vice-Presidential candidate of the Nigeria Democratic Congress (NDC) for the 2027 election, Rabiu Kwankwaso, has expressed confidence that the party’s presidential candidate, Peter Obi, will honour his pledge to serve only one term in office before handing over to a candidate from Northern Nigeria in 2031.

Obi, a Southerner, vowed to serve one term if elected President to complete the eight-year term of a Southerner that has been started by President Tinubu.

Speaking on Channels Television’s Politics Today on Monday, July 20, the former Kano State governor said he has no doubts that Obi will fulfill his agreement.Politics

Kwankwaso also disclosed that he and Obi have signed an agreement with the party and with each other.

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Nigerian Army disowns fake SSCC Course 50/2027 recruitment advert

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The Nigerian Army on Monday disowned a fake advertisement circulating on social media and other online platforms, inviting applications for the Short Service Combatant Commission (SSCC) Course 50/2027.

This was contained in a statement made available to Defence Correspondents in Abuja by the spokesperson of the Service, Colonel Appolonia Anele.

According to the statement, “the Nigerian Army categorically states that this advertisement is false, fraudulent and did not emanate from the Nigerian Army.”

The statement warned members of the public to disregard the fake advertisement and urged prospective applicants not to apply through, patronise or make payments to any individual, group or website claiming to conduct recruitment on behalf of the Service.

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It emphasised that all recruitment and commissioning exercises were strictly free, transparent and merit-based, and that official recruitment announcements were made only through national newspapers, the Nigerian Army’s verified social media platforms and other recognised official communication channels.

It declared that “no form is sold and no person or agent is authorised to facilitate recruitment or demand payment at any stage of the process”.

It advised those behind the criminal act to desist immediately, adding that security agencies had been activated to identify, arrest and prosecute all individuals involved in producing, circulating or using the fake advertisement to defraud innocent Nigerians.

The statement warned that anyone found culpable would face the full weight of the law.

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The statement reaffirmed that the Nigerian Army remained committed to maintaining the integrity of its recruitment process and urged members of the public to verify all recruitment information through official Nigerian Army channels only.

Suspicious recruitment activities should be reported immediately to the nearest military formation or security agency.

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