Connect with us

News

Court sends oil magnate to prison for diverting $26m refinery fund

Published

on

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Bandits attack Katsina LG chair, kill police escort

Published

on

Suspected bandits attacked the residence of the Chairman of the Malumfashi Local Government Area of Katsina State, Maharazu Dayi, on Tuesday evening, killing a police officer.

The hoodlums shot the officer, identified as Shamsudeen Lawal, who was later confirmed dead at the nearby hospital where he was taken for medical treatment.

Speaking to our correspondent, the state Police Public Relations Officer, Abubakar Sadiq, said Lawal was shot and rushed to the hospital where he was confirmed dead.

“Yes the incident happened yesterday [Tuesday] but our men were mobilised to the scene as the officer was rushed to the hospital where he was confirmed dead.

Advertisement

“We arrested three suspects in connection with the attack and further development will be communicated to you as the investigation is ongoing,” he said.

As of the time of filing this report, it was not clear if there were injured victims, but The PUNCH gathered that security operatives thwarted attempts by the bandits to break into the residence.

An eyewitness who spoke on condition of anonymity said the chairman and his family were in the house at the time of the attack.

Advertisement
Continue Reading

News

Cyberstalking: Court decides Sowore’s bail today

Published

on

The Federal High Court in Abuja, on Wednesday, adjourned to Thursday for its ruling on the bail application filed by a former presidential candidate and activist, Omoyele Sowore, who is facing 17 counts of cybercrime charges.

Until the court rules on the bail application, Sowore will remain in police custody.

Justice Musa Liman decided after hearing arguments from Sowore’s counsel, Marshal Abubakar, and the prosecution counsel for the Nigerian Police Force, Udey Jonathan.

Sowore had pleaded not guilty to all 17 counts when it was read to him earlier in the day.

Advertisement

In the charge, the activist was accused of using his verified X handle account, ‘Omoyele Sowore,’ to post a tweet against the Inspector General of Police, calling him “illegal IGP Kayode Egbetokun.”

The police alleged that the statement was false and intended to incite a breakdown of law and order.

Justice Liman, who had initially stood down the matter in the morning, scheduled the bail application ruling for 3 pm.

At the resumed hearing, Sowore’s counsel, Abubakar, prayed to the court to grant the defendant bail in the most liberal terms.

Advertisement

“We have a motion on notice filed today, January 29, 2025,” Abubakar stated.

“I ask you, my noble lord, to release the applicant on bail in the most liberal terms possible, pending the hearing and determination of the trial.

“The applicant has also filed a 16-paragraph affidavit deposed to by Sunday Agabi, and we rely on the arguments within. We urge your lordship to grant our application,” he added.

Abubakar further argued that the court had a duty to grant bail at its discretion, regardless of the strength of the opposing arguments of the complainant.

Advertisement

The prosecution counsel, Udey Jonathan, opposed the application, urging the court to deny Sowore bail.

“My lord, a counter-affidavit deposed by one Friday Ameh, a police intelligence officer, has been filed against the bail application,” Udey said.

“We seek reliance on all paragraphs of our counter-affidavit and have filed a written address in support, dated January 29, 2025.

“We adopt the written address as our oral submission against the bail application and urge the honourable court to dismiss it,” he added.

Advertisement

The prosecution counsel further stated that “Bail cannot be handed out like candies; it should not be granted in vacuo. While bail is at the court’s discretion, it is not a state of grace.

“If the court decides to grant bail, it should impose stringent terms to ensure the defendant’s appearance for trial, including the submission of his international passport.”

After hearing arguments from both sides, Justice Liman adjourned the matter to 1 pm on Thursday for the ruling.

Advertisement
Continue Reading

News

Gani Adams fumes as Sultan backs Sharia courts in S’West

Published

on

The Sultan of Sokoto-led Nigerian Supreme Council for Islamic Affairs has thrown its weight behind the push to establish Sharia courts in South-West states.

In a statement on Wednesday titled, “Live and Let Live!” signed by its Deputy National Legal Adviser, Haroun Muhammed, the NSCIA decried what it described as the “high spate of intolerance and disregard for the rights of Muslims, especially in the Southern part of the country.”

The council argued that contrary to the assertion of South-West governors, Sharia courts are backed by the Nigerian Constitution.

The intervention by the NSCIA comes on the back of festering controversies over the creation of Sharia courts or panels in South-West State.

Advertisement

On Tuesday, the Governor of Ogun State, Dapo Abiodun, issued a stern statement rejecting the formation of a Sharia Court in his state.

Abiodun said Sharia courts are not recognised in Ogun State’s legal framework and Nigeria’s constitution and warned the brains behind the Sharia court to halt the formation.

Abiodun’s statement came about a week after his counterpart in Ekiti State, Biodun Oyebanji, kicked against the establishment of a Sharia panel in Ekiti.

Earlier in December last year, an announcement by the Supreme Council for Shari’ah in Nigeria to inaugurate a Sharia court in the Oyo town of Oyo State generated controversy, leading to its indefinite suspension.

Advertisement

Addressing the issue, the Governor of Oyo State, Seyi Makinde, said, “About the establishment of Sharia court in Oyo town, people may try, but for us, I swore to uphold our laws and the Constitution of Nigeria.”

However, the Sultan-led NSCIA, on Wednesday, called on governors and traditional rulers in the South-West to protect and preserve the constitutional rights of Muslims in their respective domains.

The NSCIA described as “unnecessary and unwarranted” the resistance to the establishment of Shariah panel in the South-West, noting that the Sharia Arbitration Panel was a voluntary platform designed solely for the resolution of civil and marital disputes among consenting Muslims.

Muhammed said, “The NSCIA strongly supports the establishment of Independent Shariah Arbitration Panel in Ekiti and Oyo States for the purpose so intended, especially where the Muslims in the states have been denied their constitutional right to a Shariah Court of Appeal in all the states of southwestern Nigeria.

Advertisement

“The council cannot find any legal justification for the unnecessary alarm and unwarranted resistance. All the states in the North have Shariah Courts and some, in addition, have Customary Courts.

“The most recent of this is the development emanating from Ekiti state where the effort of the Muslim community to set up an Independent Shariah (Arbitration) Panel was met with unwarranted resistance and objections from both political and traditional quarters.

“This is coming barely a few weeks after the announcement of the inauguration of a Shariah panel in Oyo State generated unnecessary anxiety thereby leading to its indefinite postponement.

“This and other cases, such as the denial of the rights of female students to wear the Hijab despite a Supreme Court judgment, are nothing but calculated attempts to prevent Muslims in the region from practising their faith.”

Advertisement

The council maintained that the setting up of the panel was legitimate, mentioning that the Arbitration and the Shariah Court of Appeal, just like the Customary Court of Appeal (which all of them have) are provided for in the 1999 Constitution (as amended) of the Federal Republic of Nigeria (see section 275), “confirming the legality of both initiatives. “

“The Independent Arbitration Panel, which is a voluntary platform designed solely for the resolution of civil and marital disputes among consenting Muslims was to fill the inexplicable vacuum created by the failure of the political elite in South-Western Nigeria to establish Shariah Courts, as allowed by the Nigerian Constitution, in South-Western States, despite the huge population of Muslims in the region,” the statement further read.

The NSCIA advised against acts of intolerance for Muslims in the South-West, such as the opposition to the inauguration of a Sharia panel in Oyo and Ekiti States, and the denial of the rights of female students to wear the Hijab despite a Supreme Court judgment.

“The Nigerian Supreme Council for Islamic Affairs under the

Advertisement

leadership of its President-General and Sultan of Sokoto, His Eminence, Alhaji Muhammad Sa’ad Abubakar, CFR, is particularly disturbed about the high spate of intolerance and disregard for the rights of Muslims, especially in the southern part of the country.

“The council calls on the governors and traditional authorities in the southern part of the country, particularly the South-West, to ensure that the constitutional rights of Muslims in their respective domains are preserved and protected. While others are allowed to live, Muslims should also be let live,” the statement read.

‘Sharia Court not new in Ogun’

Meanwhile, the spokesman for the Sharia Arbitration Committee in Ogun State, Mallam Yusuf Oloyede, has clarified that the panel was inaugurated in 2018 and had been sitting at the Egba Central Mosque, Kobiti, Abeokuta, to handle disputes among Muslims.

Advertisement

Oloyede made this disclosure in an interview with The PUNCH on Wednesday, following public reactions to a flier circulating on social media announcing the inauguration of the committee.

According to him, the flier created a false impression that the panel was newly established, whereas it had been operating for over six years.

Oloyede emphasised that the committee does not function as a court but serves as an arbitration panel for Muslims who voluntarily seek resolution of their disputes in line with Qur’anic and Hadith principles.

“What we have is not a court per se but an arbitration committee that has been in existence since 2018. It is for arbitration of issues for Muslims who want such issues heard and resolved according to the Quran and Hadith,” he stated.

Advertisement

He further explained that the panel comprises jurists drawn from different regions of the state, including Yewa, Ijebu, Egba, and Remo, and holds its sittings at Egba Central Mosque.

On whether the committee would discontinue its sessions or review its operations following the Ogun State Government’s recent warning, Oloyede said the matter would be deliberated upon internally.

“We wouldn’t know how the state government’s statement is applicable to us because we are not running a court but an arbitration committee,” he said.

He added that the panel would meet soon to discuss the latest developments and determine the next course of action.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News