News
Alleged N2b fraud: Court dismisses TSTV CEO Echefu’s suit to stop trial
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/02/Court-1.jpg&description=Alleged N2b fraud: Court dismisses TSTV CEO Echefu’s suit to stop trial', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/Court-1.jpg&description=Alleged N2b fraud: Court dismisses TSTV CEO Echefu’s suit to stop trial', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
A Federal High Court in Abuja has dismissed a suit by the Managing Director and Chief Executive Officer of the Telcom Satellite Television Service (TSTV), Dr Bright Echefu, with which he had sought to stop the Inspector General of Police (IGP) from investigating the allegation of N2bn fraud against him.
A former Minister of Special Duties, Kabiru Turaki (SAN) had, in a petition to the police, alleged among others , that his N2bn investment in TSTV had been fraudulently diverted.
Upon being invited by the police for questioning, Echefu filed the suit marked: FHC/ABJ/CS/234/2024, praying that the IGP and his agents be restrained from conducting investigation into the case.
It was Echefu’s contention that the ex-Minister’s N2bn investment was a civil transaction and the police have no power under any known laws to investigate such transactions.
He argued that the police cannot act as debt recovery agent for the normal complainant (Turaki).
In his judgment on Monday, Justice Inyang Ekwo held that the suit by Echefu was frivolous and lacking in merit.
Justice Ekwo held that it was wrong of the plaintiff to seek the court’s protection from being investigated over a petition against him on alleged stealing and misappropriation of N2bn investment in TSTV.
The judge was of the view that the allegations against Echefu related to stealing and misappropriating N2bn investment and not debt recovery drive as he erroneously claimed.
He held that the plaintiff failed to establish his claim that the N2b was in relation to civil transaction when the petition before the police alleged stealing and misappropriation of the fund invested in TSTV for its expansion.
Justice Ekwo faulted Echefu argument that the police have no power to investigate such petition against him.
He added that when a petition has the colour of stealing and misappropriating, the police are empowered under Section 4 of Police Act to inquire into such allegations.
The judge said: “The plaintiff (Echefu) has not denied being given the several sums of money by the 4th defendant (Kabiru Turaki) as investment in the companies mentioned in the averments in this case.
” The case made against the plaintiff (Echefu) is that of stealing and misappropriation. For the plaintiff to assert and actually sustain the assertion that this matter is contractual and that police cannot be involved, the onus is on the plaintiff to demonstrate with concrete evidence that there was no stealing and misappropriation.
“This is so because the mere claim that a relationship between the parties was and is contractual in nature is not a magic wand that will indiscriminately shield a person from being investigated on the allegations of criminal act arising from civil transaction”.
“To allow a plaintiff to coast home with the treasures of his loot on the grounds that such was contractual matter, will enhance a judicial victory for the undeserved.
“A citizen who is a victim of any act of crime, has right to make a report of same to the police and in the Nigerian system of administration of justice, when a crime is committed, it is the Nigerian police that moves in to investigate it.
“On the whole, the plaintiff has not given me any cogent ground to interfere in the exercise of the statutory power of the 1st and 2nd defendants (Police) on the petition by the 4th defendant (Turaki) that his investment has been stolen and misappropriated by the plaintiff.
“On this ground, I find that this action lacks merit and ought to be dismissed. I therefore make an order dismissing this case on those grounds,” he said.
Listed as defendants in the suit are the Nigeria Police Force, the IGP, the DIG Force Investigation Bureau, Turaki and the Attorney General of the Federation (AGF), who name the judge struck in the earlier part of the judgment as not being a necessary party.
News
Atiku hails US report on Tinubu’s fiscal policy, says ‘I’m vindicated “
Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC) and former Vice President of Nigeria, on Friday commended recent report by the United States Department of State highlighting concerns over fiscal transparency in Nigeria, with specific reference to the federal government’s failure to disclose revenues and expenditures.
Stating that it vindicated his position for consistently calling out President Bola for its failure to uphold the basic standards of fiscal transparency, accountability, and disclosure required in a modern democracy.
The US report, had stated that: “The government made its enacted budget and end-of-year report widely and easily accessible to the public, including online, but did not publish its executive budget proposal within a reasonable period.
“…Budget documents did not provide a substantially complete picture of the government’s revenues and expenditures, or break down expenditures to support executive offices in the budget.”
Atiku, who said the report aligned with his concerns quoted the part, where it said: “Actual revenues and expenditures did not reasonably correspond to those in the enacted budget.”
The report also carpeted the Office of the Auditor-General, for did not meeting international standards of independence and did not publish substantive reports, adding that the Tinubu-led government did not meet the minimum requirements for fiscal transparency during the period under review.
Citing the failure to provide timely, detailed, and publicly accessible information on government revenues and expenditures, as well as the absence of credible audit trails, the former VP, said the observation was on all fours with his position over the years that Nigerians were being kept in the dark about how public resources are generated and spent.
Maintain that without full disclosure of how public funds were earned and spent, Nigeria could not attract investment, fight corruption, or build public trust, Atiku, added: “Transparency is not a slogan. It is the foundation of good governance.
This report confirms what we have been saying that Nigerians deserve to know where every kobo is coming from and where it is being spent. They are our resources and not the resources of President Bola Tinubu and his family and friends.”
While stressing the importance of fiscal transparency as a key benchmark for investors, donor agencies, and credit rating firms, he argued that since the Nigerian economy also relied heavily on foreign investment and multilateral support to fund infrastructure and social programmes, publishing detailed, timely data on revenue from oil, taxes, and borrowing, and on how that money was spent, remained critical to restoring confidence amid rising debt and inflation.
News
Osun Guber: Heavy Security Presence at INEC Office Ahead of Saturday’s Poll
There is a heavy security presence at the Independent National Electoral Commission (INEC) office along the Gbongan-Ibadan Road in Osogbo, Osun State, as final preparations intensify for Saturday’s governorship election.
Our correspondent observed a large number of security personnel, including officers of the Nigeria Police Force, stationed within and around the INEC premises on Friday.
The deployment is part of the security arrangements being put in place ahead of the movement of election personnel and materials to the state’s 30 local government areas.
Election stakeholders, including civil society organisations, journalists and accredited observers, were also seen at the INEC office as preparations for the poll reached a critical stage.
The Resident Electoral Commissioner in the state, Oluwatoyin Babalola, was also said to be holding meetings with National Commissioners and supporting Resident Electoral Commissioners from other states as final arrangements for the election were being concluded.
The governorship election is scheduled to hold across 3,763 polling units in 332 wards spread across the 30 local government areas of the state.
Meanwhile, INEC had on Thursday disclosed that 1,906,390 Permanent Voter Cards (PVCs), representing 81.50 per cent of the 2,339,233 registered voters in the state, had been collected ahead of the election.
INEC’s National Commissioner and Chairman of the Information and Voter Education Committee, Mohammed Haruna, disclosed this in a statement.
According to him, 426,842 PVCs, representing 18.50 per cent of the total registered voters, remained uncollected and had been safely deposited with the Central Bank of Nigeria (CBN), in line with the commission’s established practice.
The commission also disclosed that some registered voters whose PVCs were damaged, defaced or lost had applied for replacement.
It said 6,101 applicants had printed downloadable copies of their replacement PVCs.
The heightened security presence at the INEC office comes amid increased preparations by security agencies and other stakeholders to ensure a peaceful and credible governorship election in the state.
News
Osun Election: Police Deploy 30 CPs, 15,000 Personnel as DIG Takes Charge of Security
The Nigeria Police Force has deployed no fewer than 30 Commissioners of Police and more than 15,000 personnel to provide security for Saturday’s governorship election in Osun State.
The Force also disclosed that a Deputy Inspector-General of Police (DIG) would coordinate the overall security operations for the election, while helicopters and drones would be deployed for aerial and area surveillance before, during and immediately after the poll.
The Force Public Relations Officer, CSP Anietie Iniedu, disclosed this while briefing journalists on Friday in Osogbo, the Osun State capital, on the police preparations for the election.
Iniedu said the police commenced the deployment of personnel and other security resources three weeks before the election, adding that the measures were designed to ensure adequate security across the state’s 30 local government areas.
According to him, more than 15,000 police operatives would be deployed for election duties, while a police helicopter and drone unit had already arrived in Osogbo to support surveillance operations.
He further disclosed that two units of the Police Mobile Force (PMF), each comprising more than 60 personnel, had been deployed to the headquarters of the Independent National Electoral Commission (INEC) in Osogbo.
Similarly, he said each of the 30 local government areas would have a PMF unit to reinforce security during the election.
“We have deployed armed mobile policemen to every local government area in the state. So, we have 30 units across 30 local government areas. A unit is about 60 policemen.
“We also have two units of armed mobile policemen attached to the Independent National Electoral Commission headquarters in Osogbo here. The men who stay at the local government areas are being coordinated by a Commissioner of Police. There is a Commissioner of Police in each Local Government Area.
“We also have a Deputy Commissioner of Police in each Local Government Area, as well as a Mobile Police Commander and a PMF commander with the rank of Assistant Commissioner of Police in each Local Government Area.
“As of Thursday, our helicopters and drone units have arrived in Osogbo, and they will be conducting area surveillance from now, during and immediately after the elections.”
The Force PRO also disclosed that the Army would cordon off border routes leading into Osun State from midnight on Saturday as part of measures to restrict movement during the election.
“We will be locking down the state. We will not be allowing any vehicular movement apart from those on essential duty, security duties and those going to cast their franchise,” he said.
Iniedu urged parents to caution their children and wards against engaging in electoral offences, warning that security agencies would deal with anyone found violating the law.
He specifically identified intimidation, stalking, vote-buying and ballot-box snatching as offences that would attract legal consequences.
He also disclosed that a mobile court would be available to handle cases involving persons arrested for alleged electoral offences.
On firearms recovered from suspected hoodlums in the state, Iniedu said the police were yet to collate the specific details of the weapons but disclosed that about 34 illegal firearms had so far been recovered.
“We don’t have specific details about the guns we have mopped up, but I know that in Osun State, so far, we have mopped up about 34 illegal firearms, and investigations are ongoing,” he said.
-
News20 hours agoAPC Women Leader Allegedly Shares Salt, ₦1000 Cash To Osun Residents Days Before Governorship Election
-
News20 hours agoCustoms Busts Wildlife Syndicate At Abuja Airport, Rescues Two Rare Lion Cubs Bound For Congo
-
News20 hours agoFire guts hostel at St Louis College, Jos
-
News19 hours agoOsun Gov Election: APM Candidate Withdraws, Backs Adeleke
-
News19 hours agoArmy Opens Application For Short Service Combatant Commission Course 50/2027
-
News19 hours agoOsun Election: Police Release DIG, CP and Emergency Contact Numbers
-
News20 hours ago15 Candidates Battle For Osun Govt House As 2.3m Votes Head To The Polls
-
News20 hours agoShock as Politician Who Swore on Quran to Back Kwankwaso Defects to APC

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login