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Court grants ex-Warri Refinery MD N500m bail in N1.339bn fraud case

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The Federal High Court sitting in Abuja, on Monday, granted bail to the former Managing Director of the Warri Refining and Petrochemical Company Limited, Jimoh Yisawu, to the tune of N500 million.

The ruling came after the defendant pleaded not guilty to an eight-count money-laundering charge preferred by the Economic and Financial Crimes Commission (EFCC) against him.

The defendant was arraigned on the charge, marked FHC/ABJ/CR/361/2026, alleging that he committed offences contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.

According to the EFCC, he indirectly converted the aggregate sum of over $789,950, being proceeds of unlawful activity, thereby acting in breach of Section 18(2)(b) and punishable under Section 18(3) of the Act.

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He was further alleged to have made cash payments exceeding $789,950 to one Samaila Bala without using a financial institution, contrary to provisions of the anti-money laundering law.

Furthermore, the anti-graft agency told the court that the defendant made cash payments totalling $122,600 through one Rasheed Olaitan Yusuf, without recourse to any financial institution.

Following the defendant’s plea, his lawyer, Mr. Wale Balogun, SAN, urged the court to release him on bail pending the determination of the case.

The defence lawyer told the court that the EFCC had earlier granted his client administrative bail after it seized his international passport.

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He urged the court to adopt the same bail terms and allow his client to go home and prepare for his trial.

However, the prosecution counsel, Mr. Ekele Iheanacho, SAN, opposed the bail application.

Iheanacho, SAN, urged the court to consider a counter-affidavit the anti-graft agency filed to challenge the release of the defendant on bail.

In his ruling, Justice Inyang Ekwo held that the defendant was entitled to bail.
He noted that the charge contained bailable offences.

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Consequently, relying on Section 162 of the Administration of Criminal Justice Act (ACJA), 2015, the court granted the defendant bail in the sum of N500 million, with one surety in like sum.

The court stressed that the surety must be a responsible Nigerian with landed property in Abuja who must tender proof of ownership of the said property.

Aside from directing the defendant to surrender his international passport, Justice Ekwo also barred him from travelling outside the country without permission.

Pending the perfection of the bail conditions, the court held that the defendant should be remanded in EFCC custody.

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The case was subsequently adjourned to October 25, 26, and 27 for trial.

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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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HoS exposes irregularities in PFIPC documents as Reps probe begins

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The Office of the Head of the Civil Service of the Federation and the Central Bank of Nigeria have distanced themselves from the establishment and operations of the Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council as the House of Representatives continued its investigation into the bodies’ alleged creation without a valid legal framework.

According to Vanguard, both institutions made the disclosures on Monday while appearing before the House Ad-hoc Committee probing the councils’ legal status and operations.

The Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack, told the committee that her office had no constitutional responsibility for establishing government agencies, explaining that its role was limited to approving the administrative structures of federal agencies.

“The approval and establishment of agencies is not within the purview of the Office of the Head of the Civil Service of the Federation. However, the OHCSF is responsible for approving the administrative structure of federal government agencies,” a representative of the office told lawmakers.

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The official disclosed that the council applied for approval of its organisational structure on August 6, 2025, but the request was declined because it failed to provide the required supporting documents.

“From our records, the council submitted a request to the OHCSF for approval of its organisational structure on the 6th of August, 2025, without providing the requisite documents. Consequently, the request was not granted,” the representative said.

The OHCSF, however, confirmed that officials of the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council sought an establishment and recruitment waiver during the 2025 annual manpower budget defence.

According to the office, the council stated that it had been operating mainly with personnel deployed or seconded from other government institutions and later requested approval for 314 positions, comprising 14 existing staff and 300 additional positions.

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The office also informed lawmakers that it later discovered irregularities in the documents presented by the council as its legal basis.

“It was observed that the document presented by the council as its enabling law or legal instrument did not really carry the requisite features,” the representative said.

Walson-Jack also denied claims that her office deployed civil servants to the council or allocated office accommodation to it.

“We wish to state that there was no deployment of staff by the Office of the Head of the Civil Service of the Federation to the council,” she said, adding that issues relating to the establishment and supervision of the council were the responsibility of the Office of the Secretary to the Government of the Federation and other relevant institutions.

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Also appearing before the committee, the Central Bank of Nigeria said two foreign currency accounts opened for the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council remained inactive with no funds.

Representing the CBN Governor, Director Hamisu Abdullahi said the accounts were opened following a request from the Office of the Accountant-General of the Federation.

“On July 30, 2025, we received a mandate dated July 29, 2025, from the Office of the Accountant-General of the Federation to open one United States dollar domiciliary account and one Pound Sterling domiciliary account,” Abdullahi said.

He explained that the accounts were never activated because the council failed to provide authorised signatories.

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“Those two accounts remain inactive with zero balance and have never been operated,” he said.

Abdullahi added that no financial transactions, including foreign exchange allocations, remittances, inflows or outflows, had been recorded on the accounts since they were opened.

Following the submissions, Chairman of the House Ad-hoc Committee, Abdulmalik Danga, directed the apex bank to submit complete records relating to the accounts.

“We want details of account activities relating to the Presidential Foreign Investment Promotion Council as well as the Presidential Economic Advisory Council. From the opening of the accounts to their last status, this committee wants the complete records,” Danga said.

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