NEWS
Court Denies Bail To Eze Ndigbo Of Ajao Estate
Justice Yetunde Adesanya of the Lagos State High Court, sitting at Tafawa Balewa Square, declined the bail application of Frederick Nwajagu, the Eze Ndigbo of Ajao Estate, who is facing charges related to alleged terrorism.
The vacation judge cited the seriousness of the offence and its severe punishment as the reasons for rejecting the bail application.
Nwajagu is standing trial on nine counts, including attempted acts of terrorism, financing terrorism, participating in terrorism, and supporting a proscribed entity.
Despite the defendant’s medical reports and claim of not being a flight risk, the court ordered an accelerated hearing and denied his request for bail.
Justice Adesanya held, “Based on the seriousness of the offence, the severity of the punishment, and the proof of evidence before the court, the court is constrained to refuse the bail application.
“The application for an accelerated hearing is hereby granted.”
During the hearing, the judge instructed the correctional facility officials to arrange for the defendant, Frederick Nwajagu, to receive treatment at a government hospital.
The next hearing was scheduled for October 3, 2023.
On a previous adjourned date, the defendant’s counsel, E. C. Obiagu (SAN), had requested bail for Nwajagu, citing his medical condition as the reason.
During the hearing, the defendant’s counsel, E. C. Obiagu (SAN), presented arguments in favor of granting bail to Frederick Nwajagu.
Obiagu stated that Nwajagu, being a widower with six children, would not flee and abandon his responsibilities.
He also mentioned that the defendant did not possess an international passport, indicating that he was not a flight risk.
Additionally, Obiagu informed the court that Nwajagu had been previously granted bail at a lower court, but he couldn’t meet the stringent conditions set for the bail.
However, the Deputy Director for Public Prosecutions, Jonathan Ogunsanya, opposed the bail application and urged the court to deny bail to the defendant.
Jonathan Ogunsanya further requested an accelerated hearing. He argued that the circumstances surrounding the defendant’s previous bail at the lower court were different from the charges filed against him in the high court.
Ogunsanya contended that the charge brought against the defendant by the police was materially different from the one brought against him by the attorney general.
The Lagos State Government filed suit No: LD/21505C/2023, alleging that Nwajagu’s actions violated Section 403(2) of the Criminal Law of Lagos State, 2015. They also cited violations of Sections 12(a) (c), 18, 21, and 29 of the Terrorism (Prevention & Prohibition) Act, 2022.
Nwajagu was arrested by the Department of State Services for allegedly threatening to invite members of the Indigenous People of Biafra to Lagos to protect Igbo properties in the state.
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.