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Panama Papers law firm boss, Ramon Fonseca is dead

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By Francesca Hangeior

Panamanian lawyer Ramon Fonseca, one of the heads of the now-defunct law firm Mossack Fonseca that was at the epicenter of the global “Panama Papers” scandal, died while awaiting sentencing in his money-laundering trial, his lawyer said Thursday.

During the night Fonseca “died while hospitalized”, a member of his legal team told AFP, adding that the health concerns were “why he did not attend the trial” that opened on April 8.
No further details were given about the cause of death of Fonseca, 71, who died in hospital in Panama City.

Documents leaked from Mossack Fonseca, which were published in 2016, revealed how many of the world’s wealthy stashed assets in offshore companies, triggering scores of investigations around the globe.

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Prosecutors had requested a sentence of 12 years in prison for the firm’s two founders, Fonseca and his colleague Jurgen Mossack, whose money-laundering hearing ended on April 19.

The pair were on trial alongside more than two dozen others, mainly former employees. Fonseca did not attend the hearings.

The prosecution accused Mossack and Fonseca of “concealing, covering up and providing false information to banks for the opening of accounts and concealing ownership of assets.”

The pair was also alleged to have “received and transferred funds from illicit activities in Germany and Argentina.”

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The trove of 11.5 million leaked files implicated influential figures including billionaires, politicians and sports stars.

Many of those caught up in the scandal put forward reasons to explain their offshore presence and said they did not act illegally.

Even so, Mossack Fonseca said in 2018 that it would close due to “irreparable damage” to its reputation.

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Hours to Edo guber polls, major opposition candidate crumbles structure for Ighodalo

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By Kayode Sanni-Arewa

Hours to the Edo State governorship election, the guber candidate of the All Peoples Party (APP)Amb Osalumese Areloegbe on Thursday morning collapsed the structure for the governorship candidate of the Peoples Democratic Party (PDP), Dr. Asue Ighodalo and his running mate, Osarodion Ogie Esq.

Addressing journalists at the party secretariat in Benin City, Areloegbe said his decision to collapse the structure for the PDP candidate was because he believed that Ighodalo had all it would take to govern the state to greater heights.

According to him, I urged all my followers and supporters to disregard any information that I have aligned with the All Progressives Congress (APC) governorship candidate, Senator Monday Okpebholo.

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“I am supporting Asue Ighodalo because he is competent, not that I am not competent but I believe Asue is on the forefront. That is my reason for supporting his candidacy.

“My party is aware because they have been having a series of negotiations for us to align with the APC, and I told them categorically that I am supporting PDP. My eighteen local government followers are in full support of my decision, I mean 100 per cent supporting the PDP candidate, Barr. Asue Ighodalo and his running mate, Barr. Osarodion Ogie in this election.

“My choice for Asue Ighodalo is because, apart from myself, I see him as the next better candidate that I can support and I can put my weight on because he has the capacity, mentally, physically and otherwise to pilot the affairs of Edo State to greater heights.

“The national secretariat of my party, APP – they are in Abuja and I am in the state, and know much more of what is happening in Edo State. They are not here and don’t know what is going on here in Edo. And I am in a position to tell them what will be better for the Edo people.

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“There is a parable that says, ‘You cannot shave a man’s head when he is not present’. I am here in Edo State and I know who to support and why I am supporting him. The national leadership might have taken a different tone, but this is what I and my followers have chosen.

“We had a series of other politicians who had made such decisions before. That is why I agreed with the support of my supporters to collapse my structure for the governorship candidate of the PDP Barr. Asue Ighodalo and his running mate, Barr. Osarodion Ogie.”

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SAD! Woman reportedly d!3s in Osun building c0llapse

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By Kayode Sanni-Arewa

A resident of Ifetedo in Osun State, simply identified as Idowu, had reportedly died in an incident of collapse building that occurred in the town.

The collapsed structure was said to be a dilapidated building that suddenly caved in and killed the woman.

A resident of Ifetedo, simply identified as Ogunyemi, while speaking to The PUNCH on Thursday, said operatives of the Nigeria Security and Civil Defence Corps, responding to a distress call, were at the scene of the incident.

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Some NSCDC operatives rushed to the scene after they were informed of the incident. They were joined by some other people in the community.

Idowu was the only person in the building when the incident happened. She was brought out dead from the rubble.

“The incident caused panic in Omiloode Area, where the building is located. The building that collapsed is a dilapidated structure,” Ogunyemi said.

Osun NSCDC Public Relations Officer, Kehind Adeleke, when contacted confirmed the incident, adding that the scene was immediately cordoned off by security men.

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“An abandoned dilapidated building located along Omiloode Street, Ifetedo collapsed and killed one Mrs Idowu, who was said to be around the structure when the incident happened.

“The tragic incident occurred at about 17:30 hours on Tuesday.

“Officers and men of NSCDC Ife South Division, upon getting information rushed to the scene of the incident for rescue operation. But unfortunately, the woman had passed on. She was brought out of the rubble dead. The site was immediately cordoned off,” Adeleke said.

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Yahaya Bello: CNPP Hammers EFCC Over Poor Handling of His Alleged Money Laundering Case

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By Kayode Sanni-Arewa

The Conference of Nigeria Political Parties (CNPP) has hammered the Economic and Financial Crimes Commission’s (EFCC) handling of allegations against ex-Kogi Governor, Yahaya Adoza Bello, accusing the agency of embarrassing the nation and compromising the anti-corruption campaign.

“The EFCC’s actions have not only brought embarrassment to our nation but have also fueled the perception that the anti-corruption campaign has been compromised and politicized,” stated Comrade James Ezema, CNPP’s Deputy National Publicity Secretary.

The CNPP criticized the EFCC’s methods, particularly the “gestapo-style raid” on the Kogi State Governor’s lodge in Abuja, after Bello voluntarily surrendered. This approach has led many Nigerians to question the EFCC’s true intentions

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Bello faces 19 counts of money laundering, totaling N80.2 billion, alongside three other suspects. The EFCC had previously attempted to arrest him on April 17, 2024, ahead of his scheduled arraignment on April 18, 2024.

The CNPP demanded that the EFCC cease its “wanton dramatization” and redirect efforts towards genuine anti-corruption initiatives, providing clear explanations for its contradictory actions. The CNPP stands in solidarity with Nigerians advocating for transparency and fairness in EFCC operations.

“We stand in solidarity with Nigerians who seek transparency and fairness in EFCC’s operations,” the CNPP stated, highlighting Bello’s willingness to cooperate, demonstrated by his voluntary surrender and ongoing legal representation.

The CNPP urges the EFCC to adhere to the rule of law, rather than political expediency or personal vendettas, and restore its integrity by focusing on the genuine fight against corruption.

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“The actions of the EFCC must be guided by the rule of law, rather than political expediency or personal vendettas,” the CNPP emphasized.

As the situation unfolds, the CNPP stated they will continue to monitor developments closely and demand accountability from the EFCC.

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