Author: Chronicle Editor

The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office, on Tuesday, January 28, 2020, arraigned a Sokoto-based baker, Abdurazak Adamu, before Justice Mohammed Mohammed of the State High Court 7, Sokoto State. The defendant was docked on a one-count charge of criminal breach of trust to the tune of N8.548, 140.80 (Eight Million, Five Hundred and Forty-eight Thousand, One Hundred and Forty  Naira, Eighty Kobo), being debt that accrued from un-repaid loan of over N13.2million to him from Bank of Industry (BoI) on behalf of the Federal Ministry of Agriculture and Rural Development (FAM & RD) for baking of…

Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, Lagos, on Tuesday, January 28, 2020, convicted Damilola Ahmed Adeyeri and his mother, Alaba Kareem Adeyeri, on a four-count charge of conspiracy and obtaining money under false pretence to the tune of $82, 570. 00, (Eighty Two Thousand Five Hundred and Seventy, US Dollars.), preferred against them by the Economic and Financial Crimes Commission, EFCC. The convicts were arrested following a petition from the Federal Bureau of Investigation (FBI) against Damilola Adeyeri and others now at large on an alleged case of conspiracy, obtaining under false pretence, money laundering and computer-related…

Justice Ijeoma Ojukwu of Federal High Court Abuja, on Tuesday, January 28, 2020 adjourned the trial of former chairman, board of directors, Skye Bank Plc; (now Polaris Bank), Tunde Ayeni and the former managing director of the bank, Timothy Oguntayo until April 7, 2020 and April 21, 2020 for appraisal of the out of court settlement and trial of the matter, respectively. The defendants are facing a 10-count charge, bordering on money laundering to the tune of N25,415,080,000 (Twenty-five Billion, Four Hundred and Fifteen Million, Eighty Thousand Naira) and wish to make an out-of court settlement of the matter that will…

Senate President Ahmad Lawan has said the Ninth Senate will summon the Inspector-General of Police, Mohammed Adamu to brief the upper chamber on efforts in progress to address the escalating cases of insecurity in the country. This was even as he disclosed that the 9th National Assembly will vigorously pursue the implementation of community policing as a way of tackling the growing spate of killings and kidnappings across states in Nigeria. Lawan, in a speech delivered to welcome lawmakers back from a six-week recess, said as part of measures to reform the country’s security architecture, the National Assembly will engage…

Justice Nnamdi Dimgba of a Federal High Court, Abuja on Tuesday, January 28, 2020, adjourned the trial of Abba Moro, a former Minister of Interior to February 25. Moro is facing prosecution by the Economic and Financial Crimes Commission, (EFCC) for procurement fraud and money laundering and for allegedly defrauding Nigerian applicants who applied for employment in Nigerian Immigration Service (NIS) to the tune of N675,675,000 (Six Hundred and Seventy-five Million, Six Hundred and Seventy-five Thousand Naira). The amount represents N1,000 obtained from each applicant through e-payment for the online recruitment exercise on March 15, 2014 – an exercise in…

In a bid to seek redress in a breach of contract business, a Swedish company, FSA Fortex AB, has dragged Heritage bank Plc before a Federal High Court in Lagos, Southwest Nigeria, claiming the sum of N156,232,011. Joined as co-defendant in the ensuing legal hostility is a Nigerian company Ofolix International Limited. According to a statement of claim accompanied by witness statement on oath by Executive Director of the Swedish company Mr. Jorgen Ohlander and filed before the court by Lagos lawyer, Barrister Victor Ibharalu, the deponent alleged that his company manufactured and supplied its products, dual purpose writing/printing papers to…

Kaduna State Governor, Nasir El-Rufai on Monday, performed the groundbreaking of a multi-billion naira Tomato Processing Plant owned by Tomato Jos Farming and Processing Limited. The CBN-assisted plant which is to utilize raw materials from a 400 hectare tomato farm established by the company is to be commissioned in 2021. Speaking at the groundbreaking of the plant, Governor El-Rufai expressed great delight at the multi-billion investment saying that it had already created jobs for the people. According to the governor, the plant will also take off the burden of insecurity by engaging the youths of the community. “Today we are…

Christian Eriksen has completed his transfer away from Tottenham and signed for Inter for a reported €20 million (£17m/$22m) fee.

The Fulani socio-cultural group, Miyetti Allah Cattle Breeders Association of Nigeria (MCBAN), has urged Gov. Yahaya Bello of Kogi to continue to make security of lives and property a priority of his administration

Imo state governor, Hope Uzodinma, on Tuesday announced that he has forfeited his security vote to enable him meet up with the economic challenges in Imo, especially the payment of salaries and pension in the state. The governor spoke when he met with the Imo Economic Development Initiative, led by Professor Maurice Iwu, at government House in Owerri, adding that he took the decision because of the paucity of funds issue before his administration. He also revealed that his next plan was to establish power and Petrochemical plants, to boost electricity supply in the state. Other plans of the governor…