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Anambra’s money paid into private firms’ accounts, witness tells court

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A Federal High Court in Abuja heard yesterday that funds in the Security Vote Account of the Anambra State government were moved into private companies’ accounts.

A prosecution witness, Ugochukwu Otubelu, said this while testifying at the resumed hearing in the money laundering case involving former Governor Willie Obiano.

He was led in evidence by prosecuting lawyer, Sylvanus Tahir (SAN). Otubelu, who said he used to be a banker, told the court that he managed the state’s security vote account as an Account Officer.

Otubelu identified the private companies as Nazotal Ventures; C. I. Party Ventures Nigeria Limited; Moment of Peace Ventures; Youdoo Ventures and Eazy Diamond Limited.

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According to him, the companies were among the entities whose accounts he managed.

When asked whether there were ever inflows to the companies’ accounts from the Security Vote Account of Anambra State, Otubelu said yes.

Asked what happened to the funds thereafter, he said: “It was used to process transactions for the Principal Secretary to the defendant.”

He also told the court that the money did not go to the owners of the accounts.

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Earlier, the witness identified Obiano’s Principal Secretary, Willy Nwokoye, and the Government House accountant, Theophilus Nwez, as signatories to the security vote account. According to him, Nwokoye gave directives on how funds in the account should be disbursed.

Otubelu also said he knows Obiano and has dealt with him on some occasions, including taking cash to him in both naira and dollars.

He added: “Still on the transactions of the Principal Secretary, he gives instructions on who payment should be made to. Sometimes, he instructs us to take cash directly to the defendant.”

Under cross-examination by defence lawyer, Onyechi Ikpeazu (SAN), Otubelu said the Anambra State government was not part of the account, it did not open the accounts and did not operate them.

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On whether it was his idea that accounts of the six companies should be used for the instructions given by the Principal Secretary, Otubelu said no. He insisted it was the Principal Secretary who requested for the accounts for discreet security transactions

Another witness, Hayatu Adejo, a bureau de change (BDC) operator, said he was shown evidence that one of his companies – Connaught Nigeria Limited – received funds from Anambra State government.

According to him, the funds were paid into his account by a colleague, one Ayuba, who he sold dollars to.

He said: “I sold dollars to one Ayuba and he asked for my bank account details which I gave him. When the payment was done, I handed the dollars to him, but the payment narration said ‘MC Payment’, meaning Mangers Cheque Payment.

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“That is why I did not know the money is from any state account.”

Under cross examination, Adejo denied ever dealing with Obiano.

Further hearing in the case was adjourned till October 7.

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How FG paid N199billion as electricity subsidy for Nigerians in December

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The Nigerian Electricity Regulatory Commission (NERC) has stated that the government of Nigeria paid N199 billion as electricity subsidy for December 2024, up from N194.26 billion in November.

The disclosure was made in NERC’s December 2024 Multi-Year Tariff Order (MYTO) report, published on its website.

According to the report, Band-A customers continued to pay N209/kWh, while tariffs for customers in Bands B to E remained frozen at December 2022 rates.

However, the Nigerian government is expected to pay N29.10 billion in subsidies for consumers under Abuja Electricity Distribution Company (DisCo) and N26.68 billion for those under Ikeja Electric.

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The rise in subsidies is attributed to a higher exchange rate pegged at N1,687.45 per dollar, an inflation rate increase of 33.9%, and adjustments in available power generation capacity.

NERC also retained the benchmark gas-to-power price at $2.42/MMBTU, as determined by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Meanwhile, the Commission noted that tariffs would remain subject to monthly adjustments based on key indicators, including inflation, exchange rates, and gas-to-power prices.

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Lagos Mosque Takes Down ‘Jesus Christ is Not God’ Banner After Backlash

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Through this removal, the mosque’s administration has seemingly acquiesced to the widespread criticism and pressure from the public to remove the banner widely perceived as inflammatory and divisive.

The Lekki Central Mosque in Lagos State has removed a contentious banner that bore the inscription, “Jesus Christ is Not God”.

This action was substantiated by a widely circulating video on social media platform X, in which a member of the community, identified as Tunde Alabi, asserted that he had personally visited the mosque on Wednesday evening to verify the removal.

The initial placement of the banner in front of the mosque had previously sparked a firestorm of controversy, eliciting a multitude of comments from Nigerian netizens.

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These online commentators had unequivocally condemned the management of the mosque, strenuously urging the pertinent authorities and stakeholders to intervene and address the situation.

Through this removal, the mosque’s administration has seemingly acquiesced to the widespread criticism and pressure from the public to remove the banner widely perceived as inflammatory and divisive.

In a video shared by an X user, Adeleke Opeyemi, the community source, Tunde Alabi, said the backlash pushed him to ask for the removal of the banner.

The video narrator said: “My name is Tunde Alabi. I am a member of the Lekki Muslim Community. I noticed a banner pasted in front of our mosque, causing some controversies. I sent a message to the mosque community and was told that it had been removed, so I came to confirm myself. As you can see, the one that was removed is supposed to be behind me.”

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Alabi also apologised for the issues that the banner might have caused.

“I am not speaking on behalf of the mosque. I am speaking for myself. I am sorry for any inconvenience this might have caused. Today is the 18th of December,” he added.

The contentious banner garnered widespread public attention following a social media post by renowned Nigerian actress, Wumi Tuase.

She took to platform X to express her profound dismay and disappointment upon discovering the banner, emblazoned with the inscription “Jesus Christ is Not God”, prominently displayed in front of the Lekki Central Mosque.

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She said, “I don’t like to get into religious conversations, but I found it very weird that Lekki Central Mosque has this in front of their gate.”

Tuase’s public expression of discontent resonated with many, prompting a national conversation about religious tolerance, respect and the role of places of worship in promoting unity and understanding.

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Lawmaker laments over 2023, 2024, 2025 budget running in one circle

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A Honourable member, representing Katagum Federal Constituency of Bauchi State, Rep Auwalu Abdu Gwalabe has bemeaoned about Nigeria running four budgets concurrently in one year, including the 2023 and 2024 budgets and their supplementary budgets.

He described this situation as unprecedented in Nigeria’s history.

Gwalabe questioned the practicality of presenting the 2025 budget while previous budgets remain unresolved and highlighted the potential consequences of concurrent budget implementation, including, Delayed Project Implementation: The 2023 budget may extend into June 2025 or face further extensions, Inefficient Resource Allocation:, The overlap of budgets may lead to confusion and inefficiencies, Unclear Benefits: Nigerians may not feel the impacts of previous budgets.

The Lawmaker under the platform of the Peoples Democratic Party (PDP) stated this Journalists in an interview shortly after the presentation of the 2025 Appropriation Bill.

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As a member of the opposition party, Gwalabe emphasized his commitment to supporting policies benefiting the poor and grassroots populations and urged the government to fund the 2025 budget effectively to achieve its promised “Restoration” goals.

He therefore prayed that the government would be able to fund the 2025 budget or else the Restoration that they are talking about will not be possible.

“Because you can’t be running the budgets concurrently. My main concern about this budget is that it says it’s a budget of restoration, that’s okay; but the 2023 budget is still running.

“We are running four budgets in one year – 2023 budget and its supplementary and 2024 budget and its supplementary. The 2023 budget will probably enlaps in June 2025 or they may extend it.

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“Now, the budget of 2025 will enlaps when? That’s my major concern. When will the common man feel the impacts of the 2023 and 2024 budgets?

“If you look at last year’s budget, the capital expenditure was higher, which has never been in the history of Nigeria. The recurrent expenditure was low, less than 40%, but this budget of 2025 is saying 50% is going for the capital expenditure while 48% goes for the recurrent expenditure.

“So, there’s an increase in the recurrent expenditure, that’s where I have a very good question. I come from the opposition party”, he stressed.

“I pray that the government will be able to fund the 2025 budget or else that restoration that they are talking about will not be possible because you can’t be running the budgets concurrently.

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On the impact of the 2023 budget, the lawmaker said, “Ask yourself if there is any relief? Check the 2024 budget, is there any form of respite for the people, let alone the one that was brought today.

“Now the question is not for me alone, it’s for all Nigerians. They will have to decide if they have enjoyed the 2023 and 2024 budget” he noted.

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