EFCC Opposes Fayose’s Request For N5 Billion Damages

The Economic and Financial Crimes Commission (EFCC) has urged a Federal High Court sitting in Ado Ekiti to reject Governor Ayo Fayose’s request for N5 billion damages over the freezing of his personal bank accounts at Zenith Bank.

The anti-graft agency through its counsel, Rotimi Oyedepo, at the resumed hearing of the suit on Friday urged the court to strike out Fayose’s further affidavit in response to its (EFCC’s) affidavit filed without leave of the court.

The EFCC contended that “it is visible to the blind and audible to the deaf that the Applicant (Fayose) is extremely out of time and there is no extension of time to file a further  affidavit.

Fayose had through his counsel, Mike Ozekhome, a Senior Advocate, urged the court to award him N5 billion damages against the EFCC for freezing his two personal bank domiciled at Zenith Bank.

Ozekhome, argued that the Interim Order obtained by the EFCC on June 24 and granted by Justice M.B. Idris upon which the action was based was “fundamentally irredeemably wrong.”

Fayose sued the EFCC and Zenith on the freezing of his personal bank accounts following Account Numbers: 1003126654 and 9013074033 on May 24 seeking an order to de-freeze the accounts.

The EFCC alleged that the accounts were used to launder funds from the former National Security Adviser (NSA), Col. Sambo Dasuki (rtd) for the purpose of financing Fayose’s campaign in the 2014 governorship poll in Ekiti.

Ozekhome described the EFCC action of freezing or blocking Fayose’s accounts as illegal, irregular, wrongful, unlawful, unconstitutional, null and void.

Fayose’s counsel told the court that he had filed an Originating Summons dated 23rd June and filed the following day having 16-paragraph affidavit attached with Exhibit A, which is a letter from Zenith Bank freezing Fayose’s account.

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EFCC opposes Fayose’s request for N5 billion damages

Senate Opposes Inclusion Of Taraba In Boko Haram Affected States

The Senate yesterday unanimously opposed the inclusion of Taraba among the states requiring special attention as a result of the Boko Haram insurgency.

The resolution was taken when a motion tagged, “ Urgent need to flush out Boko Haram insurgents reassembling in Taraba and halt the ongoing silent genocide in the state”  by Senator Emmanuel Bwacha (PDP, Taraba South).

Moving the motion, Bwacha expressed concern that insurgents fleeing military onslaught were relocating to Taraba State where a notorious Boko Haram kingpin, Kabiru Sokoto, was recently arrested.

He said after relocating to Taraba, the insurgents changed tactics and were parading as herdsmen.

Contributing to the debate, Senator Abubakar Kyari(APC, Borno North) said the motion may lead to stereotype.

“The motion may lead to stereotype, nobody wants insurgency and when people are relocating from a place to another as a result of insurgency, what we need to do is to intensify intelligence gathering to understand those who are unfriendly and those who are in for their livelihood, “ he said.

Also contributing, Senator Barnabas Gemade (APC, Benue) said  there was need to separate criminality from genuine struggle for economic empowerment.

The senate called on its relevant committees to visit the affected states and  IDP camps to ascertain the gravity of the activities of insurgents.

Credit: dailytrust

$.1m Bribe: Lawan Opposes Admissibility Of Documents

Former member of the House of Representatives Farouk Lawan on Tuesday opposed the admissibility of several documents sought to be tendered by the prosecution in his trial over alleged bribery in a n FCT High Court.

Lawan, who is facing an amended three-count charge alone (Boniface Emenalo has been converted to witness), rejected the records of proceedings of the National Assembly on the fuel subsidy probe which Lawan was the committee ad-hoc chairman.

His counsel Sekop Zumka argued that the documents are not supported by the proof of evidence. He added that they were made after the commencement of the case to over reach the defence.

But counsel to the Independent Corrupt Practices Commission (ICPC?), Adegboyega Awomolo (SAN) asked the court to ignore the objection because the documents sought to be tendered are public documents commanded by the President after a court order.

Lawan was alleged to have in April, 2012 obtained the sum of $500, 000, in bribes from Otedola to remove his company Zenon Oil and Gas Ltd from companies indicted in the 2012 fuel subsidy fraud.

Justice Angela Otaluka has stood down the case for ruling.

Credit:dailytrust

Why Presidency Is Against Naira Devaluation- Osinbajo

The Nigerian Vice President, Professor Yemi Osinbajo, has given reasons for the government’s disapproval of further devaluation of the nation’s currency, saying it is not an appropriate option in the current economic realities and offers no solutions as far as the Buhari administration is concerned.

President Muhammadu Buhari had earlier expressed his views that a further devaluation of the Nigerian Naira was not healthy for the economy.

At a meeting on Thursday with the Italian Ambassador in Nigeria, Mr Fulvio Rustico and the Canadian High Commissioner in Nigeria, Mr Perry John Calderwood, in his office in Abuja, Vice President Osinbajo emphasised President Buhari’s views and said he would also not support further devaluation of the Naira.

He said: “I don’t agree on devaluation of the Naira and it is not that I am doctrinaire about it. In the first place, it is not a solution. We are not exporting significantly. And the way things are, devaluation will not help the local economy.”

“What we need to do is to start spending more on the economy and then things will ease up a bit”.

He observed that the issues around the economy were no exact sciences, stressing that “what is important is to be reasonably flexible in dealing with them”.

Credit: ChannelsTV

N8bn CBN Fraud: EFCC Opposes Bail For Accused

As the trial of some bankers, including the staff of Central Bank of Nigeria and some commercial banks over alleged fraud amounting to N8 billion continues, the Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court in Ibadan to reject their bail applications, noting that the accused persons might jump bail due to the weighty allegations against them.

The anti-corruption agency, which was represented in court by Mr. Rotimi Jacobs and other retinue of lawyers, argued that if the accused persons were granted bail, they could obstruct the course of justice.

Another argument raised against the bail applications filed by the accused persons was that some of them were allegedly harassing the witnesses that could testify against them.

Read More: vanguardngr