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EFCC asks Morocco, Tunisia, Algeria to watch-list Yahaya Bello

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The Economic and Financial Crimes Commission (EFCC) has asked INTERPOL in three North African countries of Morocco, Tunisia, Algeria to watch-list former Kogi State Governor Yahaya Bello, it was learnt at the weekend

It was further learnt that the decision by the EFCC was based on credible intelligence.

Other countries where the ex-governor is put on the watch-list are Egypt, Libya and Sudan.

Sources in the anti-graft agency said many option are on the table in dealing with the Bello situation, which include but not limited to storming the Kogi State Government House in Lokoja, where the ex-governor is believed to be hiding.

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The watch-list was activated ahead of the July 17th expected appearance of the former governor before a Federal High Court in Abuja.

Bello is facing a 19-count charge for alleged money laundering, breach of trust and misappropriation of public funds  of about N80.2billion.

Although the ex-governor has denied the allegation, he has consistently failed to appear before the trial Judge, Justice Emeka Nwite on June 13th and June 27th.

At the last hearing, he filed an application for the transfer of his trial to the Federal High Court, Lokoja.

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Speaking in the situation, the EFCC source said: “Ahead of the next hearing of the case, EFCC has activated many options, including taking a concrete action to watch-list Bello in North Africa.

“We are aware of a botched  exit to Morocco via Cameroon. We are determined to stop him from going on exile.

“From Singapore, the EFCC Executive Chairman, Mr. Ola Olukoyede was in Tunisia where he delivered a paper at a session on illicit financial flows. Thereafter, he had a meeting with all the Heads of INTERPOL in North Africa on the intelligence on the ex-governor.

“He formally asked INTERPOL to place  Bello on Red Alert in all North African countries and it was accepted.

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“The watch-list has taken immediate effect. He will be arrested in any part of North Africa.

“We took this step because we are suspecting that he had been bidding time not to be available for arraignment.

“We expect Bello to be in court to prove his innocence. EFCC has to do its work to avoid bad precedent.”

At the last hearing, Bello’s lawyer, Adeola Adedipe (SAN), applied to withdraw his appearance for his client.

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But Adedipe drew the court’s attention to an application before the Chief Judge of the Federal High Court for the transfer of charge no: FHC/ABJ/CR/98/2024 to the Federal High Court, Lokoja.

He said the application was pursuant to Section 45 of the Federal High Court Establishment Act.

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Renovation: Tinubu, Shettima’s official quarters to gulp N6.36bn

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The Federal Government has allocated a total of N6,364,181,224 billion for the renovation and rehabilitation of the residential quarters of President Bola Tinubu, Vice President Kashim Shettima, and some of their aides in the 2025 budget proposal.

Sunday PUNCH’s analysis of the proposed allocation, contained in the 2025 Appropriation Bill presented to the National Assembly, showed that the annual maintenance of the Presidential Villa would gulp N5.49bn.

According to the proposed budget, N765m will be used for the renovation of the Vice President’s quarters and guest house.

The renovation of the president’s quarters at the State House will cost N6.39m, while the renovation of security quarters, auditorium, gymnasium and presidential aides’ quarters will cost N49m.

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In addition, the renovation of Prescott barracks at Maple State House officers’ mess building and signal office in Asokoro, Abuja will cost N51m.

Further analysis of the budget revealed that Tinubu and his vice are also expected to have N87m as honorarium and sitting allowances, while N127m was allocated for the procurement of SUVs.

Also, N3.66bn was budgeted for the purchase of State House operational vehicles and N1,09bn will be spent on replacement of SUV vehicles at the State House.

Under the budget of the State House Lagos Liaison Office, there is an allocation of N14.72m for the routine maintenance of State House Lagos facilities (Dodan Barracks, Vice President guest houses at Ikoyi, among others).

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Another N140.10m was allocated for the completion of renovation and furnishing of the State House annex (Dodan Barracks), Lagos.

Meanwhile, the Federal Government is planning to spend N1.83bn on converting forfeited properties from the Economic and Financial Crimes Commission into State House quarters.

The plan to convert forfeited houses from the EFCC comes in the same month that the commission disclosed the recovery of an estate in the Lokogoma District of Abuja, measuring 150,500 square metres and containing 753 units of duplexes and other apartments.

The commission described this as its “single largest asset recovery” since its inception in 2003.

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The estate rests on Plot 109 Cadastral Zone C09 of the district, and was forfeited in a ruling on Monday, December 2, 2024, by Justice Jude Onwuegbuzie.

(Punch)

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SEE NAIRA Rates Against The USD, GBP, EURO Today December 23, 2024

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WHEN we look at this month, USD was traded at ₦ at the beginning of this December on Monday, December 2, 2024. As at today with USD being traded at ₦1,655 we see a % for United States Dollar to Naira exchange rate for this month.

On this page, we are primarily focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market.

Black Market Exchange Rates
Buying Rate
Selling Rate
Dollar to Naira 1655 1640
Pounds to Naira 2150 2000
Euro to Naira 1730 1700
Canadian Dollar to Naira 1146 1135
Rand to Naira 52 43
Dirham to Naira ‎0 0
Yuan to Naira 62 62
G.Cedi to Nair 70 50
CFA F. (XOF) To Naira 0.83 0.81
CFA F. (XAF) To Naira 0.74 0.74
READ ALSO: INSIDE LIFE: 26-Year-Old Lady Died In Bangladesh With No One To Claim Her Body, She Is A Nigerian From Enugu (SEE PHOTO)

Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions.

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Passengers Stranded As Warri-Itakpe Train Derails In Delta Community

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Passengers of a train plying the Warri-Itakpe route escaped death on Sunday as the train derailed at Okpara in the Ethiope East Local Government Area of Delta State.

It was gathered that the passengers were stranded following the incident that happened at about 10pm.

According to eyewitness accounts, some of the passengers got to their destinations on Monday morning.

“The incident happened at Okpara Station last night. They stole many people’s phones and other valuables when they slept at night,” a source said.

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“It’s this morning that everybody began to find their way to their various destinations.”

The Nigerian Railway Corporation confirmed the incident in a statement by its spokesman, Yakub Mahmood on Monday.

Mahmood said the service will resume shortly, adding that a team of engineers is at the site of the incident to ensure the track is restored soon.

According to him, the train service will resume as scheduled on Monday afternoon.

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The statement reads in part, “The management of the Nigerian Railway Corporation (NRC) hereby informs the general public, especially our valued passengers that ply the Warri-Itakpe route, that following the minor derailment yesterday at the Okpara station, the service will resume shortly as our team of engineers are at the site of the accident to ensure the track is restored anytime soon.

“However, Itakpe-Warri (Ujewu) train will resume as scheduled in the afternoon today.

“All inconveniences caused as a result of the minor derailment is highly regretted.”

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