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Court Jails Hackers, Abass Mohammed and Others Who Defrauded Union Bank Of N2,550,000,000
The Economic and Financial Crimes Commission, Lagos Zonal Office, has secured the conviction of one Abass Mohammed and a Bureau De Change operator, Ibrahim Saidu Jogal, who connived to hack into the Flexcube database of Union Bank and defrauded the bank of N2,550,000,000.
The commission received a petition alleging that fraudsters had hacked into the bank’s database and diverted the sum of N2,550,000,000.
Investigation into the petition revealed that the said money was fraudulently credited into the accounts of mostly BDC operators including one Jaxmine BDC, Gona BDC and Great Well Communication.
It was further revealed that Mohammed sourced for the account details of Jaxmine BDC from one of his friends, Lawal Ubah, who was a signatory to the account, and subsequently gave the details to one Salisu Liman (aka Zico), the ringleader of the syndicate.
The sum of N450m was then credited into the account.
Subsequently, the sum of N79m was transferred from the account of Jaxmine BDC into the account of Digare BDC owned by Jogal for the purpose of buying $500,000.
Further investigations revealed that Jogal only paid $80,000 to Mohammed and kept the balance of $420,000.
Jogal, investigations also revealed, said that he got information that the money was not genuine but fraudulent, thereby prompting Mohammed to open up to him that the money was stolen.
They were arraigned before Justice K.A. Jose of the High Court sitting in Igbosere, Lagos, on three-count charge bordering on conspiracy, retention and use of proceeds of criminal conduct contrary to Section 331(1)(b) of the Criminal Laws No. 11, Vol 44 of Lagos State 2011.
They pleaded “not guilty” to the charges, paving the way for the commencement of their trial.
In proving its case against them, the EFCC presented three witnesses – Vincent Agwu, a Union Bank official, and two investigators, Joseph Nkeson and Aliyu Abubakar.
Several documents were also tendered in court by the prosecution.
Delivering judgment, Justice Jose found the defendants guilty on counts two and three and discharged them on count one, which bordered on conspiracy to defraud.
Mohammed was sentenced to a term of one year in prison.
The trial judge further ordered that the sum of $37,000 and $7,000 recovered from him by the EFCC should be handed over to Union Bank, while the car recovered from him should be sold and the proceeds given to the bank.
Justice Jose observed that Jogal showed no contrition and failed to pay back a substantial sum of the money traced to him.
Subsequently, he was sentenced to a term of three years and ordered to return the sum of $220,000 and another $200,000 earlier recovered from him by the EFCC to Union Bank.
The judge also ordered that his property whose title documents he gave to the commission, should be sold and the proceeds handed over to the bank.
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BREAKING: Ex-NIWA Boss Oyebamiji Clinches Osun APC Governorship Ticket
The immediate past Managing Director of the National Inland Waterways Authority, Bola Oyebamiji, on Saturday emerged as the consensus candidate of the All Progressives Congress for the forthcoming Osun State governorship election.
Oyebamiji’s emergence followed a motion moved by two governorship aspirants, Kunle Adegoke (SAN) and Senator Babajide Omoworare, at the primary election venue located within the premises of Ebunoluwa Group of Schools, Osogbo.
The Chairman of the APC governorship primary committee and Governor of Edo State, Monday Okpebholo, thereafter subjected the motion to a voice vote, which received overwhelming support from party members present at the primary.
Okpebholo subsequently declared, “By the power conferred on me, I present to you Bola Oyebamiji, as the governorship candidate of our party.”
Newsthumb earlier reported that the APC governorship primary in Osun State commenced in Osogbo, the state capital, with the arrival of the committee chairman, Monday Okpebholo, who noted that the candidate will emerge by affirmation.
APC’s gov candidate Oyebamiji pledges to reposition Osun
He arrived at the venue alongside the co-chairman of the committee, Governor Lucky Aiyedatiwa of Ondo State, and other members of the governorship primary committee, including Governor Abdullahi Sule of Nasarawa State, Dr Obafemi Hamzat, who represented the Lagos State Governor, and former Kogi State Governor, Yahaya Bello.
Earlier on Tuesday, 1660 delegates that would elect the APC candidate in the December 13 governorship primary of the party emerged.
There were also clear indications that the seven APC governorship aspirants in the state had stepped down to back a consensus flagbearer after a late-night meeting with President Bola Tinubu at the State House, Abuja, on Wednesday.
A former APC National Secretary, Senator Iyiola Omisore, on Wednesday, speaking on a TVC News programme, Politics Tonight, declared his support for the party’s arrangement to choose a consensus candidate for the 2026 Osun State governorship election.
Omisore, who was among seven aspirants disqualified by the APC Screening Committee for alleged violations of party guidelines and electoral provisions, said he accepted the decision following guidance from President Bola Tinubu.
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BREAKING: Supreme Court Rejects FG Pardon, Upholds Maryam Sanda’s Death Sentence
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The Supreme Court has overridden the pardon granted by President Bola Tinubu to an Abuja-based house wife, Maryam Sanda, who was in 2020 sentenced to death by hanging for killing her husband, Bilyaminu Bello, during a domestic dispute.
President Tinubu had reduced Sanda’s sentence to 12 years imprisonment on compassionate ground.
But in a judgment a on Friday, the Supreme Court, in a split decision of four-to-one, affirmed the death sentence handed Sanda by the Court of Appeal, Abuja which upheld the decision of a HIgh Court of the Federal Capital Territory (FCT), sentencing her to death by hanging.
The Apex Court resolved all the issues raised in the appeal she filed against her and dismissed the appeal for being without merit.
Court orders woman accused of killing husband to enter defence
Justice Moore Adumein held in the lead judgment, which he personally delivered, that the prosecution proved the case beyond reasonable doubt as required, adding that the Court of Appeal was right to have affirmed the judgement of the trial court.
Justice Adumein held that it was wrong for the Executive to seek to exercise its power of pardon over a case of culpable homicide, in respect of which an appeal was pending.
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He Was Visibly Upset’: Tinubu Orders Clearance of N1.5tr Contractors’ Debt — Onanuga
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….Inter-ministerial panel to fix payment delay
President Bola Ahmed Tinubu has directed the payment of N1.5 trillion owed to local contractors.
He raised a multi-ministerial panel to provide a permanent funding solution during yesterday’s Federal Executive Council (FEC) meeting.
Presidential spokesman Bayo Onanuga said the President was ‘visibly upset’ about the situation.
Onanuga said: “He made it very clear he was not happy and wants a one-stop solution.
“The President expressed grave displeasure about the fact that contractors are being owed.”
According to him, the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, briefed the Council on the magnitude of outstanding obligations, prompting the President’s directive to constitute a multi-ministerial team to clear the backlog and come up with a funding plan.
Members of the committee are: Minister of Finance and Coordinating Minister of the Economy Wale Edun, Budget and Economic Planning Minister Atiku Bagudu, Works Minister Dave Umahi, Education Minister Olatunji Alausa, Housing Minister Ahmed Dangiwa and Marine and Blue Economy Minister Gboyega Oyetola.
Others are the Director-General of the Budget Office of the Federation Tanimu Yakubu, and the Federal Inland Revenue Service (FIRS) Executive Chairman, Dr. Zacch Adedeji.
Onanuga added: “All of them are expected to sit down, develop a plan as a committee, and then go to the President to tell him the solution they have found in allocating funds to pay contractors.”
He explained that the President was determined to “find the money and fix the problem,” even hinting that the government could borrow to settle verified obligations if necessary.
The development followed weeks of pressure from contractors, who have repeatedly protested delays in payment of certified arrears.
In September, the All Indigenous Contractors Association of Nigeria (AICAN) claimed during demonstrations in Abuja and at the National Assembly that more than N4 trillion was outstanding for 2024 capital projects.
The Ministry of Works had previously acknowledged a significant backlog and launched a verification exercise in January last year to account for roughly N1.5 trillion in unpaid federal highway contracts.
The issue has been further complicated by overlapping budget cycles, with 2024 capital components rolling into 2025.
Last month, the National Assembly approved an additional N1.15 trillion in domestic borrowing to help cover a widened 2025 deficit.
The government also tapped into the international markets with a $2.35 billion Eurobond to bolster its financing needs.
Also on December 3, members of the AICAN got an audience with Edun on the second day of their protest at the Ministry of Finance.
The protesters demanded payment for the contracts they executed for the Federal Government in 2024.
Also yesterday, Umahi expressed the Federal Government’s resolve to engage reputable indigenous contractors in the execution of critical infrastructural projects.
He dropped the hint during an inspection of the reconstruction of the Abuja-Keffi Highway.
The minister expressed satisfaction over the quality of the works on the road, which was awarded for reconstruction in October to JRB Construction Company Limited, an indigenous contractor.
The Abuja-Keffi dual carriageway project is a critical infrastructure development that aims to improve road connectivity and reduce travel time to Nasarawa State where most of the federal civil servants working in Abuja reside.
The project is expected to be completed in March.
The minister said: “This is the kind of organisation that will grow this country. Be assured that Mr. President is aware of what you are doing. And you are going to be paid to the last kobo.”
Umahi reiterated the government’s commitment to empowering indigenous companies.
He added: “We will continue to support and empower indigenous companies that have the capacity to deliver high-standard projects and contribute to the growth and development of the country.
“The recognition of JRB Construction Company Limited is a testament to the company’s exceptional performance and commitment to delivering high-standard projects.
“The company’s reputation as one of the top indigenous construction companies in Nigeria has been reinforced, and it is expected to continue to play a critical role in the development of infrastructure in the country.”
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