….Case Adjourned To March 6, 7

By Kayode Sanni-Arewa

The Federal High Court, Abuja, on Monday, adjourned the money laundering case instituted by the Economic and Financial Crimes Commission against the immediate past Governor of Kogi State, Yahaya Bello, to March 6 and 7, 2025, for continuation of trial.

The court adjourned after the prosecution counsel, Kemi Pinheiro, SAN, called his two witnesses, one on subpoena.

When Pinheiro, SAN, called the first witness, Segun Joseph Adeleke, the Defendant’s Counsel, Joseph Daudu, SAN, objected, saying that the witness’ name was not included in the initial list of witnesses provided by the prosecution.

This, he said, could affect his cross-examination.

The trial, however, proceeded and the witness, who identified himself as the General Manager of Efab Properties Limited, was asked to tell the court what he knows about a property on 1, Ikogosi Road, Maitama and another one in Gwarinpa.

Adeleke told the court that the name of the former governor did not reflect on any of the two properties being examined on Monday and that he did not sight him throughout the transactions.

Giving an account of what transpired, he said sometime in 2020, his chairman, Chief Fabian Nwora, introduced him to a young man called Shehu Bello and that they had a discussion concerning the purchase of the property.

“We had a discussion concerning the purchase of the property in question. And he told me that the young man would be coming back to make payment for the property at an agreed price of N550 million,” he said.

When asked if he had seen Shehu Bello since that day, he said, “I saw him three times. The first time was for introduction, the second time for payment and the third time was when he brought a legal document for the execution of the EFAB property.”

The EFCC lawyer then mentioned another property at 5th Avenue in Gwarinpa and told the witness to tell the court what he knows about it.

Responding, the witness said the property was purchased by one Nuhu Mohammed for N70 million and was paid for through a bank transfer.

He was asked if he remembered which bank the money came from, but he said no.

On cross-examination, the defendant’s counsel, Daudu, SAN, asked if the witness’ actions were purely based on the instructions of his chairman. He responded, “Yes.”

The counsel further asked whether it was correct to say that he did not initiate any discussion with Shehu Bello on his own, to which he also answered, “Yes.”

On the documents signed for the transactions, the Defendant’s Counsel asked the witness if he could confirm that Shehu Bello signed his own part in his presence.

“He did not my Lord,” he answered.

Daudu, SAN, also asked: “Throughout this transaction, did you set eye on the defendant?”

“Not at anytime in the course of this transaction,” the witness responded.

He was also asked if the name of the defendant appeared anywhere on the documents he said were with the EFCC.He, again, answered, “no!”

The Prosecution then told the court that they had another witness to call, on subpoena.

The Defendant’s Counsel objected that they were being taken by surprise but added that he had no intention of stalling the trial.

The second witness identified herself as Williams Abimbola, a compliance officer with the United Bank for Africa Plc (UBA).

She had the subpoena with her, which the lawyer sought to tender as evidence.

The Defendant’s counsel had no objection and it was marked “Exhibit 1”.

The witness read out the documents the subpoena asked for to include the statement of account of Kogi State Government House, from January 1, 2016 to January 31, 2024.

The statements of account of Maselina Njoku, from January 1 to December 31, 2022, were also admitted in evidence, including the account opening packages of American International School and statements of accounts, from September 1 to September 30, 2020.

Justice Emeka Nwite then adjourned to March 6 and 7, 2025 for continuation of trial.

By Kayode Sanni-Arewa

Lucky Aiyedatiwa has been inaugurated as the governor of Ondo State, marking the beginning of his first full four-year term after replacing Governor Rotimi Akeredolu who died in office in 2023.

The ceremony took place on Monday at the Ondo State Sports Complex in Akure, the state capital, two months after he won the governorship election on the platform of the All Progressives Congress (APC).

Aiyedatiwa took his oath of office just after his running mate Olayide Adelami around 12:59 pm.

The governor thereafter rode in an open van around the complex, waving to cheers from supporters.

Road to Alagbaka

The inauguration completes the succession process in the Sunshine State, with Aiyedatiwa expected to head the next administration which will lead the state in the next four years.

To arrive here, Aiyedatiwa had to overcome a stiff competition from another former deputy governor of the state, Agboola Ajayi, who contested against him on the platform of the Peoples Democratic Party (PDP).

Aiyedatiwa’s stay at the Government House in Alagbaka, Akure, was extended when he was declared winner of the November 16, 2024 governorship election by the Returning Officer, Olayemi Akinwumi, who is also the Vice-Chancellor of the Federal University, Lokoja, Kogi State.

The APC candidate polled 366,781 votes to defeat his closest rival Ajayi, who scored 117,845 votes, more than twice lower than Aiyedatiwa.

The final results showed that the APC won the election in a landslide, clearing all 18 local government areas.

A former deputy governor, Aiyedatiwa ascended to power on December 27th, 2023 after Governor Rotimi Akeredolu’s death.

Akeredolu died after a lengthy battle with illness and had before his demise transmitted power to Aiyedatiwa.

He, thereafter, won the APC’s ticket for the 2024 governorship election in Ondo, pitting him against 17 other candidates including Ajayi who was also a former deputy to Akeredolu during his first term in office.

Credit: ChannelsTV

By Kayode Sanni-Arewa

More financial trouble for Nigerians as DStv, Gotv set to increase subscription fee
MultiChoice, the company behind DStv, is preparing to raise the subscription fees for its Compact bouquet from ₦15,700 to ₦19,000.

This adjustment is expected to take effect soon, according to industry insiders

The increase comes nearly a year after the last price review.

The devaluation of the naira and rising energy costs have been identified as key reasons behind this change.

Many businesses in telecommunications, transport, and consumer goods have also raised prices in response to Nigeria’s economic conditions.

Other DStv packages will also be affected.

The Family and Access bouquets are expected to move from ₦9,300 to ₦11,000 and ₦5,100 to ₦6,000, respectively. Premium and Compact+ subscribers will also see new rates, though specific figures have yet to be confirmed.

Similarly, GOtv users will experience price changes.

GOtv Value subscribers will pay ₦3,900 instead of ₦3,600, while GOtv Plus customers will see an increase from ₦4,850 to ₦5,800.

Since 2023, economic policies such as fuel subsidy removal, currency devaluation, and electricity tariff hikes have caused the cost of goods and services to rise sharply.

Inflation in Nigeria reached 34.8% in December 2024, forcing many companies to adjust their prices multiple times last year.

Businesses across various sectors have reported heavy losses due to currency fluctuations, making price hikes a necessary measure for survival.