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EFCC re-arraigns Ladoja for diverting public funds

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The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned former Oyo State Governor Rashidi Ladoja for allegedly diverting the state’s funds.

The re-arraignment followed an amendment to the charge by the commission.

Ladoja was charged with converting N4.7 billion from the state treasury to his personal use.

He was re-arraigned along with his former Commissioner for Finance Waheed Akanbi on 11 counts of money laundering and unlawful conversion of public funds.

In the amended charge, EFCC added that Ladoja allegedly “compelled” a broker to sell the state’s shares.

EFCC alleged that the former governor allegedly did not remit N 1.9 billion realized from the sale of the shares.

The commission told the court that the money allegedly went to Ladoja, his family and friends and was not refunded.

EFCC had closed its case before the amendment, but rather than open their defence, the defendants opted to file no-case submissions.

Moving the no-case submissions on Monday, Ladoja’s lawyer Mr Bolaji Onilenla said EFCC did not make out a prima facie case against his client.

An EFCC investigator, Abubakar Madaki, had testified that the shares, worth N6.6billion, were sold without the state executive council’s resolution.

According to the investigator, Ladoja engaged Fountain Securities as a portfolio manager to sell the shares at a discounted rate, adding that the shares were acquired by McLace Securities.

But, Onilenla faulted Madaki’s evidence, arguing that the evidence he gave should have been given by the banks concerned.

He said documents tendered by the prosecution through Madaki ought to have been certified and tendered by the banks and were therefore invalid.

The lawyer said there were no complaints by the state that the shares were sold illegally.

“We urge the court to hold that there is no prima-facie case against the first defendant and we court to discharge and acquit him accordingly,” Onilenla said.

Counsel for Akanbi, Mr Adeyinka Olumide-Fusika (SAN), said what the prosecution witnesses said in their evidences were not sufficient to ask the defendants to enter a defence.

“We urge the court to uphold the no-case submission of the second defendant,” the SAN said.

But, prosecuting counsel Olabisi Oluwafemi urged the court to order the defendants to open their defence.

He said the evidence given by the prosecution witnesses raises several questions for which the defendants should be called upon to answer.

EFCC accused the defendants of converting N1,932,940,032.48 belonging to Oyo to their personal use through the Guaranty Trust Bank account of a company, Heritage Apartments Limited, despite knowing that it was proceed of crime.

The prosecution said Ladoja removed £600,000 from the state coffers in 2007 and sent it to Bimpe Ladoja in London.

Ladoja also allegedly bought an armoured Land Cruiser jeep with N42 million for himself using public funds.

EFCC said he converted N728,600,000 and another N77,850,000 at different times in 2007, and allegedly transferred N77, 850,000 to Bistrum Investments, which he nominated to help him purchase a property named Quarter 361 in Ibadan, Oyo State capital.

The alleged offence, EFCC said, contravenes sections 17(a) and18 (1) of the Money Laundering (Prohibition) Act, 2004, punishable under sections 14(1), 16(a) (b) and 18(2).

Ladoja and Akanbi pleaded not guilty.

Ladoja was governor from May 29, 2003 to January 12, 2006 when he was impeached. On November 1, 2006, the Appeal Court Ibadan, declared the impeachment null and illegal.

The Supreme Court upheld the decision on November 11, 2009, and Ladajo resumed office on December 12, 2006. He, however, lost a re-election bid.Justice Mohammed Idris adjourned until November 12 for hearing.

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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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UPDATE: Tinubu Restates Directive on Withdrawal of Police Escorts from VIPs

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…orders engagement of NSCDC to replace police on VIP guard duties

…seeks conversion of grazing reserves to ranches

President Bola Ahmed Tinubu on Wednesday reaffirmed his directive that police officers currently attached to VIPs be withdrawn and redeployed to conflict-prone areas, insisting that the nation cannot afford to keep essential security manpower away from pressing security theatres.

The President restated the order just before the commencement of the Federal Executive Council (FEC) meeting at the State House, tasking relevant security agencies to immediately implement the directive to strengthen the ongoing fight against terrorism, kidnapping, and violent criminal activity across the country.

“I honestly believe in what I said, and I called the IGP… If you have any security problems because of the nature of the assignment, please contact the IGP and get my clearance,” President Tinubu said, pointing out that exceptional cases would be treated with approval.

He directed that the Ministry of Interior liaise with the Inspector General of Police and the Nigeria Security and Civil Defence Corps (NSCDC) to replace police personnel withdrawn from VIP protection duties.

“The Minister of Interior should liaise with the IGP and Civil Defence structure to replace those police officers who are on special security duties, so that you don’t leave people exposed,” he said.

The President further instructed the National Security Adviser (NSA) and the Department of State Services (DSS) to form a committee to review the structure and ensure full implementation of the redeployment plan.

“NSA and DSS to provide further information and form themselves into a committee and review the structure. It should be effected,” he said.

Expressing concern over the rising incidents of kidnapping and terrorism, President Tinubu stressed that all available manpower must be channelled to areas of need.

“We face challenges here and there of kidnapping and terrorism; we need all the forces that we can utilise,” he stated.

While acknowledging that special circumstances may require security considerations for some individuals, the President insisted that other armed formations must take up such responsibilities.

“I know some of our people are exposed… civil defence are equally armed and I want to know from the NSA to arm our forest guards too. Take it very seriously,” he added.

On the livestock sector, President Tinubu instructed Vice President Kashim Shettima to begin, through the National Economic Council (NEC), the process of identifying grazing reserves that can be rehabilitated into ranches or livestock settlements, describing the reform as a crucial step in ending perennial herder–farmer conflicts.

“Again, especially livestock reform, I think the Vice President should get the NEC first of all to see which villages or grazing reserves can be salvaged or rehabilitated into ranches, livestock settlement.” he said.

The President stressed that converting grazing areas into viable agricultural and commercial hubs would create jobs, expand economic opportunities, and end conflict cycles.

“We must eliminate the possibility of conflicts and turn the livestock reform into economically viable development. The opportunity is there, let’s utilise it,” he noted.

He reminded state governments of their constitutional authority over land and urged them to cooperate in the process.

“If we emphasize the constitutional requirement which says the land belongs to the states… whichever one they can salvage, convert to a livestock village or herders’ village. Let us stop this conflict area and turn it into economic opportunities and prosperity,” the President said.

The renewed directive comes amid the administration’s ongoing security overhaul and the push to modernise Nigeria’s livestock industry as part of broader agricultural reforms under the Renewed Hope Agenda.

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