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Just in: Donald Trump found guilty in hush money case – becoming 1st US ex-president to be criminally convicted
By Kayode Sanni-Arewa
In a historic decision, a New York jury has found Ex-President of US Donald Trump guilty of falsifying business records to commit election fraud.
He was found guilty of all 34 counts he faced. Unanimity was required for any verdict.
The former president is set to be sentenced on 11 July.
Trump was at the centre of a scheme to cover up “hush money” payments to buy the silence of a porn star in the days before the 2016 election.
When revelations by Stormy Daniels of a sexual liaison with Trump threatened to upend his presidential campaign, he directed his lawyer to pay her $130,000 (£102,000) to keep her quiet.
The payment buried the story, and Trump was later elected to be the 45th president of the United States.
Trump watched the jurors dispassionately as they were polled to confirm the guilty verdict.
The Speaker of the US House of Representatives Mike Johnson said: “Today is a shameful day in American history.”
The trial in the Manhattan Criminal Court heard how the backdrop to the crime was a scandal in the Trump campaign a month before the 2016 election.
A video tape from the TV show Access Hollywood was made public, in which Trump was caught on a microphone talking in lewd terms about groping women (“When you’re a star they let you do it, grab them by the p***y. You can do anything.”)
The trial heard how it was viewed as a “crisis” within Team Trump and that the campaign was soon facing another.
She arrived at his hotel suite to find him dressed in satin pyjamas, until she asked him to change.
At one point, he produced a magazine, and she told the court she spanked him “right on the butt”.
Later, she emerged from the bathroom to find him lying on the bed in a T-shirt and boxer shorts, and they ended up having sex.
Trump denies the liaison took place.
‘Catch and kill’
Her plan to sell her story was communicated to Trump by David Pecker, former publisher of the National Enquirer magazine.
He was a friend of Trump and operated a “catch and kill” scheme on his behalf, to catch negative stories and kill them before they could be published.
He’d already paid $150,000 (£117,000) to silence Karen McDougal, a playboy model with a story of a 10-month affair with Trump.
Trump also denies that affair ever took place.
Mr Pecker told the court he’d attended a meeting at Trump Tower, New York, in August 2015 with Trump and Michael Cohen, Trump’s lawyer and fixer.
At the meeting, Mr Pecker told Trump he’d be his “eyes and ears”.
Michael Cohen testified that, upon learning that Ms Daniels planned to sell her story, Trump told him: “This is a disaster, a total disaster. Women are going to hate me.
“This is really a disaster. Women will hate me. Guys, they think it’s cool. But this is going to be a disaster for the campaign.”
Michael Cohen said he paid the hush money at Trump’s direction. .
Critically, he testified that he did so at Trump’s direction, placing the former president at the heart of the conspiracy.
Paying hush money isn’t illegal – the crime was the way in which Trump reimbursed his ‘Mr Fix-It’ and the reason the money was paid.
After Trump was elected president, he repaid Cohen $420,000 (£329,000) which accounted for the $130,000 (£102,000) and other payments and bonuses, “grossed up” to account for tax liability.
The repayment was made in a series of cheques, which were recorded as legal expenses.
That was the crime – the falsification of business records, aggravated by the reason for it – the effort to conceal from voters a negative story that could have harmed Trump’s election chances.
In the words of the prosecution, it was “a planned, coordinated, long-running conspiracy to influence the 2016 election”.
SKY NEWS
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Change Negative Narrative About EFCC Being Used For Settling Political Scores- Reps
………Ask Anti Graft Agency To Fight Financial Crimes Within Established Laws
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……My Staff Are Poorly Paid, EFCC
…., States Why Fight Against Yahoo Boys Fierce
The House of Representatives has tasked the Economic and Financial Crimes Commission, EFCC, to purge itself from the negative impression that its being used to settle political scores and concentrate fighting financial and economic crimes within established laws.
The House handed the advise on Tuesday through the Chairman House Committee on Financial Crimes Honorable Ginger Onwusibe who led members of the committee on the 2024 oversight exercise on the commission.
The oversight covered extensive facility tour of departments and critical operational units of the antigraft agency.
In his terse remarks, Hon. Onwusibe challenged the agency to improve its operational activities in combating economic and financial crimes by complying with its 2004 Establishment Act and other relevant applicable laws like the Money Laundering ( Prevention and Prohibition) Act 2022: Terrorism ( Prevention and Prohibition) Act 2022: The Proceeds of Crime Act. 2022, as well as other statutes, that compels it to carry out these roles transparently with accountability and show that the negative maxim being peddled in some quarters that the agency is often being used for settling political scores is incorrect .
The committee assured that it will collaborate with the commission to actualize its mandate by enacting new laws or amending old ones and as well providing budgetary interventions, if it must strive tirelessly to be on top of its challenges
The House urged the agency to collaborate with sister agencies and desist from keeping suspects as- awaiting ‘trial in correctional centres nationwide
“At this point let me add that a recent visit to the Maximun and Minimun Correctional centres in Kirikiri Lagos State, numerous suspects have been awaiting trial for over one year and yet we are all acquainted with the saying that justice delayed is justice denied”
” It is on this note that we call on the EFCC, Attorney General of the Federation and the Judiciary to improve and ensure the administration of justice works and is efficiently delivered to the victims”
The House warned the agency to purge itself of rotten eggs in order to fight economic and financial crimes frontally, thereby stimulating the Nigerian economy
It also urged EFCC to focus properly on its mandate.
” The issue of appropriate and proper focusing on the mandate of the EFCC must relentlessly be on the front burner:
“Orders from competent courts , arrest and debt recovery must be pursued religiously” the House cautioned
But on its side, the antigraft agency said it has not deviated from its focus but rather working hard and fighting financial and economic crimes as enunciated in its mandate.
Chairman of the agency , Ola Olukeyede told his guest in his remarks during the oversight visit that the commission was doing much to fight financial and economic crimes and stimulate the Nigerian economy
He said so far that the agency has recovered over N250bn cash, tens of million of Dollars and other foreign currencies, with over 3000 convictions: 17000 petitions while also investigating over 20000,with about 4000 fresh cases , all being handled by a misery number of staff strenght
He noted that its priority is to improve the country’s image and stimulate its economy, such that there could be improvement in foregin direct investments and stimulation of the local economy.
Olukeyede however, argued that the agency needed more staff strenght, funding , better renumeration for staff because they were poorly paid. He also emphasised on modern day technology to fight the ever dynamic cyber criminals
According to the EFCC boss, it was important to give more salary to EFCC staff and deploy modern technology to fight emerging cyber crime dynamism . He expalined that the agency has increased efforts to fight Yahoo, yahhoo, boys because of their ability to crumble any economy within a twinkle of an eye
According to him, the agency was expanding its drag net to focus on ministries, departments and agencies infrastructural projects. ” “Go to MDAs and see their budget implementstion. It is not up to 20%”
“We want to ensure 50% infrastructural development” the anti graft boss announced, insisting that it would henceforth encourage monitoring of project implementation which was an aspect of preventing financial crimes
He said the agency has dismissed lots of erring staff, and will continue to dismiss and even prosecute them going forward.
Olukeyede disclosed that it had designed a template on staff integrity, using the Gift- Policy model
.” It is not every thankful gift we should collect” the EFCC boss warned
” I am advocating for more welfare improvement, better welfare, he said.
“We will do more recoveries, more convictions, but we need more resources to do our work, maintaining that, that was his stand on ethics and integrity .
Olokeyede’s demand for more salary wage for staff of the commission, is seen as an incentive to boost welfare and morale to fight financial crimes to standstill.
He stated that there was the utmost need to increase salaries of staff of the commission
The EFCC boss who spoke on his stewardship in the last one year, further added that it increased the war against Yahoo- Yahoo boys because of the consequences of their nefarious acts which could crumble a nation’s economy in a jiffy.
He argued that more technology was required to fight financial crimes.
For instance he explained that it was a common scenario then for thieves and armed robbers to attack and break into banks with guns and Dynamites
” But it is the same common and more easier scenario and task now to have Yahoo-Yahoo boys and bank thieves attack banks with technology in the comfort of their homes or hideouts”
“So we need technology and we also need to increase our fight against these Yahoo boys who can dismantle any economy within a twinkle of an eye
He called on the national Assembly to improve and increase its finances because fighting Financial crimes was a herculean task that requires adequate funding
Olokeyede who apparently was responding to criticisms of the commission’s over concentration on Cyber crimes/ thieves, perpetrated by Yahoo boys, said he has made tremendous impact in enforcement, investigation and conviction with an outstanding record convictions between October 2023 when he was appointed till date
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Trouble looming for Obaseki as Gov Okpebholo orders probe of his admin
By Kayode Sanni-Arewa
Governor Monday Okpebholo of Edo State has ordered the setting up of a committee to probe the immediate-past administration of Godwin Obaseki for its failure to inaugurate 14 Edo Assembly lawmakers-elect into the 7th Assembly.
Okpebholo disclosed this while giving his inaugural speech as the new governor of the state.
Governor Okpebholo also ordered the State Chief Judge to immediately investigate the initial delay of former Governor Obaseki to inaugurate duly-cleared judges by the National Judicial Council (NJC) last year
News
Naira may depreciate to N1,993 against dollar – Report
By Kayode Sanni-Arewa
Nigeria’s naira has been projected to depreciate further to N1,993 per dollar in the coming days.
This is according to BMI, a Fitch Solutions subsidiary report title, ‘Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market Growth’.
The report said the forecasted depreciation will be predicated on the 95 percent dependence on imports for pharmaceuticals in Nigeria.
According to the report, the development would erode both the health system and patient purchasing power.
“We expect that the naira will end 2028 at N1,993/$ from N306/$ in 2018.
“As the naira weakens, the cost of importing medical devices will continually increase, eroding both the health system and patient purchasing power, especially to invest in essential medical technologies given the underfunding of the public health sector,” the report stated.
This comes as Naira fell to N1681.42 and N1735 at the official and parallel foreign exchange markets on Monday.
This comes as FMDQ FX transaction turnover dropped significantly from $1.4 billion on Friday to $471.5 million on Monday.
Last Thursday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, said the country’s external reserves rose to $40 billion.
Despite Central Bank of Nigeria’s interventions and external reserves rise in the last months, the naira has continued to experience fluctuations in the FX market.
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