A Federal High Court sitting in Abuja has remanded the Founder and Chairman of Platform Capital Investment Partners Limited, Akindele Akintoye, in Kuje Correctional Centre.

Justice Emeka Nwite gave the order shortly after Akintoye was arraigned by the Economic and Financial Crimes Commission (EFCC) on allegations bordering on the diversion of $26,060,406 meant to build a refinery in Brass, Bayelsa State, on Tuesday, December 24, 2024.

Justice Nwite, who adjourned the matter until December 31, directed Akintoye to remain in the correctional centre pending the hearing and determination of his bail application.

The EFCC had sued Akintoye, Platform Capital Investment Partners Limited, and Duport Midstream Company Limited, where he is also the Managing Director and CEO, as first to third defendants, respectively.

The anti-graft agency, in the charge marked: FHC/ABJ/CR/641/V/2024 dated and filed on December 19 by its lawyer, Ekele Iheanacho (SAN), preferred four counts against the trio.

Akintoye and Platform Capital Investment Partners Limited were alleged to have, between December 2020 and February 2021, indirectly retained $16 million.

The amount, the EFCC said, was part of the funds dishonestly converted from the money paid by the Nigerian Content Development and Monitoring Board (NCDMB) Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemical Limited as investment.

The said sum of $16,006, 000 is alleged to constitute proceed of unlawful activity.

The offence, EFCC said, is contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 20!2) and punishable under Section [5(3) of the same Act.

In count two, Akintoye and Platform Capital were alleged to have between December 2020 and January 2021 indirectly used the aggregate sum of $9,048,725 being part of the funds dishonestly converted from the money paid by the NCDMB Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemical Limited as investment.

The said sum of $9,048,725 was said to constitute proceeds of unlawful activity and the offence was contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.

In count three, Akintoye and Duport Midstream Company Limited were alleged to have, sometime in March 2021, retained the sum of $785,681 being part of the funds dishonestly converted from the money paid by the NCDMB Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemicals Limited as investment.

The sum was said to constitute the proceed of unlawful activity.

The offence, the EFCC said, is contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.

The EFCC, in count four, accused Akintoye and Duport Midstream of allegedly retaining the sum of $220,000 being part of the funds dishonestly converted from the money paid by the NCDMB Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemical Limited as investment.

The money was said to be proceed of unlawful activity and the offence is contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 2012) and | punishable under Section 15(3) of the same Act.

After the charge was read to Akintoye, he and on behalf of the companies, pleaded not guilty to all the counts.

The EFCC’s counsel, Iheanacho, prayed the court for a trial date and urged the court to remand Akintoye in a correctional centre after the non-guilty plea by the defendants.

The defence lawyer, Emmanuel Esedo, told the court that a bail application on Akintoye’s behalf had been filed.

The lawyer, who said the application was filed on December 23, sought the leave of the court to move the motion.

Iheanacho, however, opposed the submission.

After a lengthy argument by the prosecution and the defence lawyers, Justice Nwite agreed with Iheanacho’s submission.

The judge subsequently adjourned the matter until December 31 for the hearing of the bail application.

He ordered Akintoye to be remanded in Kuje Correctional Centre pending the hearing and determination of the application.

The Obidients Movement celebrate the release of vibrant activist lawyer, Delete Farotimi.

Naijablitznews reports this was contained in a statement issued by the National Coordinator of the Movement, Dr Yunusa Tanko.

Read full statement below:

‘Today, we rejoice as our brother, Dele Farotimi, has finally reunited with his family in Lagos after meeting the bail conditions that have kept him away from his loved ones.

“His return home is a testament to the unyielding spirit of truth and resilience that defines our movement.

“We extend our heartfelt gratitude to everyone who played a critical role in securing his release. To the legal team, supporters, and advocates who stood firm and refused to let injustice prevail, we are immensely grateful.

“A special appreciation goes to our father and leader, Mr. Peter Obi, whose commitment to justice and the rule of law continues to inspire the Obidient Movement and a new Nigeria. His steadfast support and leadership remind us all why we stand firm in our pursuit of a better and fairer Nigeria.

“Together, we will continue to uphold the values that define us, ensuring that no voice is silenced.

“Thank you all, and may we continue to stand united.

The Police Service Commission (PSC), yesterday deployed six commissioners of police to states.

A statement by Head, Press and Public Relations, Ikechukwu Ani, said the commission approved the appointment and posting of six new Commissioners of Police.

The appointments and postings, Ani said, were sequel to the recent promotions in the Nigeria Police Force released by the Commission last week.

He said that in the new appointments, CP Shettima Jauro Mohammed was posted to Nasarawa State Command; Rabin Mohamned, now CP, Kaduna State Command and Adepoju Olugbenga Adewale posted to Rivers State Command.

“Others are; Mohammed Baba Azare, now CP, Akwa Ibom State Command, Wilfred Olatokunbo Afolabi new CP Ondo State Command and Joseph Eribo, former CP, Akwa Ibom State now moved to Ekiti State as the new CP Ekiti State Command,” he informed.

Chairman of the Commission, DIG Hashimu Argungu, rtd, said the new appointees should see their appointments as call to national service.

He implored them to be committed to Government’s drive to Stablize the nation and effectively ensure that their states are free of crime and criminality.

Argungu said the Commission will continue to monitor their progress report and will encourage them to succeed in their new endeavours.

He charged them to reciprocate Government’s gesture by rededicating themselves to the service of their fatherland.

Also, the Commission called on Nigerians to renew their faith in the country, insisting that Nigeria must be great again.

In his Christmas message to Christian faithful, Argungu noted that Nigeria is blessed with enormous material and human resources which the present Administration is currently harnessing for optimal functionality.

He said Nigerians should believe in the greatness of our nation and support the government to achieve the required dividends.

He called on Christians to use the occasion of the birth of Jesus Christ to rededicate themselves to the advancement of the ideals of nation building.

He also called for prayers against societal ills such as terrorism,  banditry and kidnapping.