Crime
CBN facility to FG: Senate demands details of N23.7tr
Following opposition to restructuring of the N23.7 trillion Ways and Means facility advanced the Federal Government by the Central Bank of Nigeria (CBN) in the last 10 years, the Senate, yesterday, directed the Minister of Finance, Budget and National Planning, Zainab Ahmed and governor of the apex bank, Godwin Emefiele, to furnish its Special Committee with details within three days.
The hallowed chamber, which witnessed a rowdy session over the request last December, warned that in view of next month’s presidential and National Assembly elections, it would be forced to adjourn plenary this week, or next Tuesday at the most, to participate in the campaigns.
The warning followed a motion by its Leader and chairman of the special panel raised to interface with the minister and CBN Governor on the dedicated credit, Senator Ibrahim Gobir (APC Sokoto East).
Citing Order 40 of the Senate Standing Rules, the chairman informed the chamber that several attempts by the committee since December 28, 2022 to have an audience with the two officials had been unsuccessful.
He said: “As a special committee (raised) for an urgent and thorough assignment, we hit the ground running immediately after composition on December 28 last year.
“For details on the N23.7 trillion Ways and Means Restructuring, six vital questions were raised – five for the CBN governor and one for the Finance Minister – but their trips abroad prevented us from asking them the questions.
“Now that they are around, we request the Senate to give us additional three days for a thorough work and submission of the report.” Responding, President of the Senate, Ahmad Lawan, noted that the request by President Muhammad Buhari remains a serious issue that must not be treated with levity.
He pledged the upper legislative chamber’s readiness to give approval after scrutiny. The President had, in the separate letters to both chambers of the National Assembly on December 21, 2022, seeking their approval, observed: “The Ways and Means advance by the CBN to the federal government has been a funding option to the Federal Government to cater for short-term or emergency finance to fund delayed government’s expected cash receipt of physical deficit.
“The Ways and Means balances as at December 19, 2022 were N23.7 trillion.
“I have approved the securitisation of the ways and means balances along the following terms – Amount: N23.7 trillion; Tenure: 40 years; Moratorium on principal repayment: three years; Pricing interest rate: nine per cent.
“Your concurrence and approval is sought to allow for the implementation of same.” But moves by the Senate to sanction the request during passage of the N21.83 trillion 2023 budget on December 28 last year failed, making it to set up the Senator Gobir-led special committee to seek vital information.
However, President Buhari, while reacting to the lawmakers’ objection, told the Senate during a meeting that should they continue with their resolve to block the plan to restructure government loans from the CBN, the country would be made to pay extra $4 billion to service its debt. He indicated that failure to grant the securitisation approval would also cost government about N1.8 trillion in additional interest in 2023.
Crime
Man jailed 3 months for stealing mobile phone
An Area Court in Jos, on Tuesday, sentenced one Jeptha John, to three months imprisonment for stealing a Redmi mobile phone valued at N165, 000.
The judge, Shawomi Bokkos, sentenced the John after he pleaded guilty to the offence.
The judge, however, gave the convict an option to pay N20, 000 fine and N50, 000 restitution to the complainant.
Bokkos said that if the convict defaulted in paying the restitution, three months should be added to his sentence to make it six months imprisonment.
Earlier, the police prosecutor, Insp Monday Dabit, told the court that the case was reported at the B Division Police Station, Jos, on Dec. 1, 2024, by Ms Nerat Danjuma.
He said that the complainant alleged that the defendant trespassed into her house and stole her mobile phone valued at N165, 000.
The prosecutor further told the court that the offence contravened the Plateau State Penal Code, Law of Northern Nigeria.
Crime
Army apprehends 15 over suspected oil theft in Niger Delta
Troops of the Nigerian army have apprehended no fewer than 15 persons over suspected oil theft and illegal oil bunkering activities in the Niger Delta.
Lt.-Col. Danjuma Danjuma, the Spokesman, Nigerian Army, 6 Division, Port Harcourt, said in a statement on Monday that the operations were carried out in Akwa Ibom, Bayelsa, Delta, and Rivers recently.
Danjuma said that the army apprehended 15 persons, dismantled 32 artisanal refineries and seized 14 boats during operations.
He further said that during the operations, conducted between Jan. 6 and 12, the troops confiscated no fewer than 60,000 litres of various petroleum products
The spokesman said that the operations were part of a broader collaborative effort with other security agencies to combat oil theft in the Niger Delta region.
Danjuma said that the raid commenced in Bille, Degema Local Government Area, and Rivers, where soldiers dismantled seven illegal refining sites, confiscated 20,000 litres of crude oil, and destroyed two boats.
“We also deactivated ten illegal refineries, several crude oil cooking pots, and receivers, and recovered about 19,000 litres of stolen petroleum products along the Imo River.
“In Odagwa, Etche, our troops intercepted three boats carrying about 12,000 litres of stolen crude oil and arrested three suspects in the process.
“Similar operations were carried out in Abiama, Asa, Obuzor, Okoloma, Ozaa, Ukwa, and Oyigbo” he added.
He stated that the soldiers advanced to Nkisa in Ogba/Egbema/Ndoni Local Government Area of Rivers, where they confiscated 1,600 litres of crude oil and 1,200 litres adulterated diesel.
Danjuma said that along Ndoni Road, the troops intercepted a Toyota van transporting an estimated 1,200 litres of stolen condensate.
The spokesman said that in Buguma, Asari-Toru, Rivers, the troops dismantled two illegal refineries, seized 1,500 litres of stolen crude oil, and apprehended five suspects.
“In Baberegbene, Southern Ijaw, Bayelsa, our soldiers dismantled an illegal artisanal refinery and intercepted a wooden boat carrying no fewer than 1,500 litres of stolen
“Similarly, an illegal refining site containing an unquantified quantity of stolen petroleum products was deactivated in Emago-Kugbo and Oluasiri communities in Nembe, Bayelsa.
“The operations continued in Akwa Ibom and Delta, where troops maintained a strong presence and effectively denied economic saboteurs the liberty to operate,” he said.
Crime
2 ladies docked for allegedly obtaining money by fraud
The police in Lagos have dragged two women, Mmesuma Ofunna, and Blessing Adimekwe, before an Ojo Magistrates’ Court in Lagos, over alleged obtaining money by false pretence.
Ofunna, 22, and Adimekwe, 25, were arraigned before the Magistrate, Mr L K J Layeni, on a four-count charge bordering on conspiracy, obtaining by false pretence, stealing and conduct likely to breach peace.
They each, however, pleaded not guilty to the charge.
The prosecutor, ASP Simon Uche, told the court that the defendants conspired with others now at large, to commit the offence on Oct. 26 at the Okokomaiko area of Ojo.
He alleged that they had obtained the sum of N70, 000 from one Faith Ahamefule, with a promise not to post her nude photo on social media.
The prosecutor alleged that the defendants later posted the nude photo of the nominal complainant on social media, knowing that their promise was false.
He alleged that they stole the N70, 0000, thereby conducting themselves in a manner likely to breach public peace.
The offence contravenes the provisions of sections 168(d), 287, 314, and 411 of the Criminal Law of Lagos State 2015.
The court granted the defendants bails in the sum of N500, 000 each, with two sureties each in like sum.
He adjourned the case until Jan. 8, 2025 for mention.
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