News

CCB GOES AFTER DEFAULTERS AND SABOTEURS…

Published

9 months ago

May 23, 2024

The Code of Conduct Bureau ( CCB), a foremost anti-graft agency backed by the Constitution of the country is embarking on a marathon investigation to unravel government officials and appointees who have served the country in the various capacities and breach the Code of Conduct laws of the federation, those who have failed to comply or those that supply false declarations intentionally to deceive the agency and those who are yet to declare their assets and other sundry matters.
A reliable source in the foremost anti-graft bureau disclosed that 3 former governors, 9 former ministers, 14 legislators, 17 former heads of parastatals at both federal and state levels including local government chairmen are under serious investigations for the alleged graft offences.He confided in our reporter that words have been sent to them to immediately report to the CCB headquarters or face the consequences so as to clarify their assets acquired, properties and humongous bank accounts in both local and offshore illegally acquired connected to them, family members and close associates.
Accordingly, the defaulters are expected to be thoroughly interrogated, if at the end of the findings, they are culpable for breaches or non compliance they will be charged before the Code of Conduct Tribunal, which might lead to the confiscation and forfeiture of the ill- gotten wealth, assets, properties to the federal government of Nigeria and the convicts are liable not to hold public office for maximum of 10 years.

This new drive by the CCB, is part of the resolve of the leadership to enforce the law which has been trampled upon by a section of the political class, appointees and public servants.
This new partnership and collaboration with sister anti-graft agencies has the endorsement of Mr President, who has given his nod as a result of the ” Renewed Hope Agenda”.

It is on record that Mr President himself was a one time guest and invited by the CCB which led to his appearance before the Code of Conduct Tribunal that finally discharged and acquitted him. It is therefore, mandatory for every concerned citizen affected by the code of conduct related laws must submit themselves to the bureau for scrutiny, interrogation and proper investigation in order to uphold total compliance.

It is on record, that former governor and Senate president Bukola Saraki was also docked at the Tribunal by the bureau for non- compliance until he was discharged and acquitted accordingly.

Amongst the personalities expected to appear before the CCB are former executive secretary of Nigeria Christian Pilgrims Commission, Rev Yakubu Pam, 3 former governors, legislators, ministers and a former boss of a maritime agency are to appear before the bureau for interrogation, investigation, compliance and due diligence.

News

Court Remands P-Square’s Brother, Ex-Manager Jude Okoye IOver Alleged N1.3B, $1M, £34,000 Fraud

Published

3 hours ago

February 26, 2025

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

The Economic and Financial Crimes Commission (EFCC) has taken Jude Okoye, the elder brother and former manager of the defunct music duo P-Square, to court over alleged money laundering involving ₦1.38 billion, $1 million, and £34,537.59.

Jude Okoye, along with his company Northside Music Ltd, was arraigned before Justice Alexander Owoeye of the Federal High Court in Lagos on Wednesday, facing a seven-count charge related to financial crimes.

One of the charges states: “That you, Jude Okoye Chigozie and Northside Music Ltd, sometime in 2022 in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful acts, thereby committing an offence contrary to Section 18 (2)(d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Another charge alleges that Jude Okoye and his company used a Bureau de Change operator to convert $1,019,762.87 (One million nineteen thousand, seven hundred and sixty-two dollars, eighty-seven cents) domiciled in Access Bank Plc into naira and remitted the funds into various accounts with the intent to conceal the source of the money, in violation of the Money Laundering Act.

Jude Okoye pleaded “not guilty” to the charges.

Following his plea, EFCC counsel Larry Peters Aso applied for a trial date and requested that the defendant be remanded in a correctional facility pending trial.

However, defence counsel Inibehe Effiong informed the court of a pending bail application and urged the court to keep Okoye in EFCC custody until the application is heard.

The prosecution opposed the request, citing congestion in EFCC facilities and urging the court to remand him to a correctional centre instead.

Justice Owoeye subsequently adjourned the case to February 28 for a bail hearing and fixed April 14 for trial commencement.

The judge also ordered that Jude Okoye be remanded at the Ikoyi correctional facility pending the determination of his bail application.

News

Funso Ayeni donates N1m, appeals to citizens to support Fisayo Aluko medical needs

Published

3 hours ago

February 26, 2025

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

Prince Funso Ayeni, an Ikole born philanthropist and politician has donated the sum of N1,000,000 for the support of one Esther Fisayo Aluko Medical needs.

Fisayo Aluko, an Indigene of Ikole LGA part of Ekiti State is currently in need of fund running to millions of Naira to carry out a kidney transplant.

Prince Funso Ayeni made his support known via a Whatsapp platform created for the Indigenes of the LG.

“Good afternoon great citizens,
I am Prince Funso Ayeni (PhD)
I am deeply touched by the condition of Esther Fisayo Aluko, a young lady from Ikole Ekiti, battling kidney issue.

On behalf of myself, my family, and the entire Funso Ayeni Foundation (FAF), I have donated ₦1,000,000 (one million naira) towards her medical treatment ( receipt attached).

“I also appeal to our brothers and sisters from Ikole Local Government, both in and out of government, to rally their contacts and resources to support this urgent cause.

“Together, we can give Esther a chance to live a healthy life again.

News

Naira again falls against Dollar – February 26

Published

3 hours ago

February 26, 2025

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

The naira is exchanging for ₦1,498 to 1 US Dollar at the parallel market (black market) in Nigeria.

This means that for every one dollar, you can get the equivalent in naira of ₦1,498 on February 26, 2025.

The black market rate signifies the value at which individuals can trade their dollars for naira outside the official or regulated exchange channels.

Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government

Today’s February 26 exchange shows that the naira has improved against the dollar, as it strengthened compared to what it traded on Tuesday, February 25, when the naira exchanged ₦1,499.

The value of any nation’s currency is determined by aggregate supply and demand.

The forces of supply and demand are themselves influenced by a number of factors, including interest rates, inflation, capital flow, and money supply.

The most common method to value currency is through exchange rates. The two main exchange rate systems are fixed rate and floating rate systems.

Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics