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EFCC Raises Eyebrows At Lagos AG’s Influence In Ibeto Fraud Trial

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The Economic Financial Crimes Commission (EFCC) has expressed concern about the Lagos State Attorney-General’s plan to handle the N4.8 billion fraud case against Chief Cletus Ibeto, Chairman of Ibeto Energy Development Company.

Rotimi Jacobs (SAN), EFCC’s counsel, raised objections in the Lagos State High Court in Ikeja, alleging that this move could disrupt the trial.

This assertion came after the state’s Director of Public Prosecutions, Jide Martins, mentioned to Justice Ismail Ijelu that the Attorney-General is contemplating taking over the case following a petition from the defendant.

The defendant, along with his companies, Ibeto Energy Development Company and Odoh Holdings Ltd, faced a 10-count charge from the anti-graft agency, involving conspiracy, fraud, forgery, and fraudulent use of documents.

Despite attempts to arraign the defendant on September 28, October 5, and November 3, his absence in court led to three adjournments, despite representation by his legal team.

On November 3, 2023, Justice Ijelu granted the prosecution’s request to issue an arrest order for the businessman, citing his repeated failure to appear for his plea despite assurances from his legal team.

During the resumed hearing on Tuesday, Martins informed the court about a petition from the law firm of Robert Clarke (SAN), requesting a review of the case file and advocating for the Attorney-General’s direct intervention to take over the case.

The Director of Public Prosecutions (DPP) informed the court that while the Ministry of Justice has requested the case file from the EFCC, the Attorney-General has yet to make a decision regarding this matter.

In response, the defense counsel, Uche Obi (SAN), requested an adjournment until the matter concerning legal representation is clarified and resolved.

Obi said, “An issue of legal representation has just arisen in court this morning. The learned DPP has asked for an opportunity to reappraise the complainant’s complaint, and the State has to be given a chance to take that decision. It appears that nothing else can be done today (Tuesday) but to allow for a reasonable time for the State to decide.”

In response, Jacobs highlighted to the judge that the defendant had engaged four different lawyers, seemingly as part of an attempt to disrupt the proceedings of the case.

The senior lawyer stated “This is not a case that the Lagos State Attorney-General can take over because the primary counts of the charge are based on Federal laws.

“Section 211 limits the State AG to the takeover of state’s offences, and this power cannot be extended to Section 174, which is on federal crimes.

“The Attorney-General’s letter to this court was written without hearing from us, and the purpose was to shield the defendant from appearing before this court, and when he is seized of the whole matter, he will change his mind.”

In his ruling, Justice Ijelu acknowledged that the primary court business was the defendants’ arraignment.

The prosecutor informed the court that the bench warrant couldn’t be executed as the defendant was abroad.

Additionally, the defense counsel stated that the defendant was in Dallas, USA, receiving treatment for a severe ailment.

The judge, after considering these submissions, emphasized the need to resolve the representation issue between the prosecutor on record and the Attorney-General, as it had become a significant point requiring resolution.

Justice Ijelu adjourned the case to January 29, 2024, to address and resolve the matters concerning representation and prosecution of the defendant.

 

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Jeffreyplogs
Jeffreyplogs
1 year ago

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1 year ago

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NEWS

CNG Initiative: Why Tinubu’s Gov’t Moved Beyond Plan for 3,000 Buses – Coker

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The Federal Government changed its initial plan to deploy 3,000 buses in favour of a broader Compressed Natural Gas (CNG) initiative after reviewing how best to address Nigeria’s transportation challenges, Tosin Coker, Chief Operating Officer of the Presidential CNG and Electric Vehicles Initiative, has said.

Coker explained that the initial plan, announced in July 2023, was subsequently reviewed, leading to the establishment of the Presidential CNG Initiative in October 2023.

SEE ALSO: CNG Can Cut Fuel Cost From N200,000 to N40,000 — FG

Speaking during an interview on Sunday, he said the government recognised that deploying buses alone would not adequately address the transportation needs of Nigerians, particularly in densely populated cities such as Lagos.

According to him, the revised strategy was designed to reach more people by expanding beyond buses to include vehicle conversion kits, tricycles and other interventions aimed at reducing transportation costs.

“The announcement that $100 million was being set aside was made in July 2023, and the plan was to go ahead with 3,000 buses,” Coker said.

He explained that further consideration of the plan revealed the need for a broader approach, which informed the establishment of the initiative.

“When the initiative was set up, that moved to not just buses, because we realised it’s not just buses that move people around, and we couldn’t reach everyone with just even 3,000 buses,” he said.

Coker noted that although deploying 3,000 buses in Lagos would make a difference, the number would still fall short of the city’s transportation requirements.

“Believe me, 3,000 buses, if you drop them in Lagos today, will do something, but it’s nowhere near enough for what Lagos needs,” he added.

Coker disclosed that the initiative began its rollout towards the end of 2023, with the procurement of approximately 25,000 vehicle conversion kits and about 600 buses, alongside tricycles.

He said the expanded approach was intended to reach more Nigerians, improve their transportation experience and reduce the amount they spend on commuting.

According to him, the change in strategy resulted in a broader programme that seeks to encourage the adoption of CNG-powered vehicles rather than relying solely on the deployment of buses.

Coker said the shift from the initial 3,000-bus proposal to the wider initiative was necessary to ensure that more people could benefit from the government’s intervention.

Coker Explains CNG Infrastructure Funding

The Presidential CNG and Electric Vehicles Initiative chief also addressed funding for infrastructure, explaining that government interventions were being complemented by mechanisms designed to encourage private-sector investment.

He said funding for CNG infrastructure was being provided through interventions under the initiative and mechanisms such as the Midstream and Downstream Gas Infrastructure Fund.

According to Coker, private organisations can apply for funding to invest in infrastructure across the CNG sector and its value chain.

He emphasised that private-sector participation would be crucial to expanding the infrastructure needed to support the adoption of CNG-powered vehicles across the country.

FG Urges States to Invest More in Transportation

Coker also called on state governments to increase their involvement in improving transportation, stressing that the Federal Government could not be expected to address every challenge on its own.

He explained that the distribution of buses to states formed part of the Federal Government’s intervention to make an initial impact in selected locations.

However, he maintained that state governments needed to complement the federal initiative with their own investments and policies.

“The Federal Government cannot be the one expected to do everything. We will intervene, we will catalyse, show what is possible, and support as much as possible, but states should do more, and we’re enabling them to do that,” he said.

He added that the government intended to create an enabling environment for private-sector participation through appropriate business conditions, training standards and safety measures.

Cheaper Transport Fares Remain the Goal

Coker said the ultimate objective of the initiative was to ensure that Nigerians experienced tangible benefits, particularly through reduced transportation costs.

He noted that the programme’s success should not be measured solely by the number of buses deployed or conversion kits purchased, but by whether commuters and vehicle owners experienced lower costs.

“Nigerians are not interested in the statistics, they just want to know that this is impacting me and I’m paying less for my transportation,” he said.

He cited commuters travelling from Nyanya to the Secretariat in Abuja and from Ikorodu to Ojuelegba in Lagos as examples of people expected to benefit from more affordable transportation.

 

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NEWS

TCN Restores Power Supply to Katampe Substation After Shiroro Line Fault

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The Transmission Company of Nigeria (TCN) has restored bulk power supply to its Katampe 330kV Transmission Substation in Abuja following an earlier disruption caused by a fault on the Shiroro–Katampe 330kV Line 1.

The development was disclosed in a statement released by TCN management on Friday, October 9, 2026.

SEE ALSO: Kainji–Birnin Kebbi Power Line: TCN Begins Final Phase of Restoration

According to the statement, bulk power supply was restored to the Katampe substation at 4:15 p.m. through the Gwagwalada–Katampe 330kV Line 1.

TCN explained that the Shiroro–Katampe 330kV Line 1 remains out of service due to a fault, necessitating the use of the Gwagwalada–Katampe line to restore supply to the substation.

The company also announced the suspension of planned maintenance work on the Gwagwalada–Katampe 330kV Line 1 to enable the line to continue supplying the Katampe substation.

The suspended maintenance work involved replacing defective line isolators and the associated earthing switch.

TCN apologised to electricity consumers in the affected areas for any inconvenience caused by the disruption and maintenance arrangements.

 

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NEWS

2027 Elections: FG Warns Politicians Against Promises on Fuel Subsidy

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The Federal Government has warned politicians against making promises that could reverse Nigeria’s economic reforms, insisting that it will not restore fuel subsidy amid renewed debate over the Nigerian National Petroleum Company Limited’s (NNPC) petrol discount.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this during an interview on Channels Television on Friday, saying the government would not bring back subsidies on petroleum products.

“This government is not bringing back subsidy on fuel products. We need to be clear,” Oyedele said.

ALSO READ: NNPC Petrol Discount: Oyedele Explains How Lower Margins Could Boost Profits

The minister also criticised politicians who, according to him, make promises to win elections without fully considering the implications of implementing them.

He suggested that some politicians make sweeping promises during election campaigns only to offer excuses when confronted with the realities of governance.

“I think I would pardon people who say all manner of things because they want to get elected. It’s almost like ‘whatever I need to say, when I get there, I’ll give excuses.’ But we have the data,” he said.

Oyedele added that he felt a personal responsibility not to remain silent about the economic realities known to the government or allow populist positions to push Nigeria in the wrong direction.

“I feel the personal responsibility that I cannot see what I see and keep quiet, or populism to move our country in the wrong direction,” he said.

NNPC Petrol Discount Sparks Fresh Subsidy Debate

The minister’s remarks come amid renewed debate over fuel subsidy following the Federal Government’s announcement of a 30-day petrol discount at NNPC retail stations.

The initiative was introduced as a temporary measure to provide relief to Nigerians amid elevated global crude oil prices and concerns about the cost of petroleum products.

NNPC Retail had also announced a N66-per-litre petrol discount to mark Nigeria’s 66th Independence Anniversary, with the offer scheduled to run until October 31, 2026, across its retail stations nationwide.

The company maintained that the discount was a customer-relief initiative and did not represent a return to the petroleum subsidy regime.

The distinction has become central to the debate, with the government insisting that temporary price relief at NNPC stations does not amount to restoring the subsidy policy abolished in May 2023.

The administration has maintained that the current arrangement differs from the former subsidy system, under which the government intervened to cover part of the cost of petrol.

FG Defends Economic Reforms

During the interview, Oyedele also referred to a World Bank update, saying the institution had acknowledged a reduction in poverty levels and increased spending on infrastructure, particularly roads.

He urged Nigerians not to reverse the progress he said had been made, arguing that the country was approaching a point where the benefits of ongoing reforms should begin to emerge.

 

 

 

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