NEWS
Court sanctions ‘sureties’ over disappearance of fraud suspects in kwara
Two governmental employees were disciplined by the Kwara State High Court for the disappearance of three suspects who were being tried.
They are Adenigba M. Olushola, a member of the State Judicial Service Commission staff, and Bisiriyu Abdulfatai, a member of the SUBEB personnel.
They served as sureties for three individuals under investigation by the Economic and Financial Crimes Commission (EFCC) Ilorin’s Zonal Command for offenses related to internet fraud.
They incurred the wrath of the law for their failure to produce the three suspects for trial.
Adenigba stood as surety for one Amaechi Umenye and Adeyemi Adedeji, while Bisiriyu stood for Dawodu Olusoji.
The two civil servants had made an undertaking to produce the defendants who are now at large each time they were needed by the anti-graft agency.
The trio of Amaechi, Adeyemi and Dawodu were amongst the thirty suspected internet fraudsters arrested in Offa, Offa Local Government Area of the State sometime in 2020, while acting on an anonymous petition received by the EFCC on activities of the scammers, popularly known as Yahoo Boys, in the area.
As investigations progressed in the matter, both Adenigba and Bisiriyu wrote separate bail applications to the Ilorin Zonal Commander of the EFCC, entered bail bonds and promised to produce the defendants anytime their attention was needed.
The suspects after their release, jumped the administrative bail granted them by the commission, while the sureties also could not produce them.
Consequently, the Commission approached Justice Adenike Akinpelu of the Kwara State High Court for the sureties to show cause why the bail bond should not be forfeited or the sureties be committed to prison.
In his judgement on the applications on Thursday, Justice Akinpelu endorsed the argument made by Sesan Ola and Andrew Akoja, attorneys for the EFCC, that the two Kwara Civil Servants should lose their bail bond.
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The court mandated that Adenigba, Amaechi’s surety, lose the N5 million recognizance and refund N4.5 million thereupon, but also pay N500,000 within three months or face a six-month jail sentence if he did not.
In Adeyemi’s case, the trial judge ruled that Adenigba must forfeit a N1 million recognizance and pay N750,000 on it, but he must also pay N250,000 within three months or risk being jailed for five months if he doesn’t.
For Bisiriyu, who served as Dawodu’s surety, Justice Akinpelu imposed forfeiture of the N3 million recognizance and remittance of the N2 million thereon as well as payment of N1 million within three months or, in the event of nonpayment, six months in jail.
NEWS
Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation
The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.
In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’
ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations
The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.
He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.
Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.
“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.
“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt Chairman By Police
The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.