Crime
Money Laundering: EFCC puts more govs under watch
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the number of governors being monitored by the agency for possible money laundering arising from the redesign of the naira is increasing.
Speaking to newsmen after a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, on Thursday, he, however, declined to give the exact number of governors involved.
The anti-graft agency had previously revealed that three governors were being watched on the suspicion that they might attempt to launder stashed cash in their possession which they might not be able to lodge in the bank before the deadline by the Central Bank of Nigeria to return old notes for a redesign.
Bawa lauded the apex bank’s initiative to redesign some naira denominations, describing it as a significant process in the country’s fight against financial crimes and other forms of corruption.
In his words, “On the issue of the governors that we are monitoring, in fact, the numbers have even increased. We are monitoring everything; Nigerians are helping. Well, I don’t want to give you the figures so that you will not go and speculate whether they are in the north or in the south, but it’s important that Nigerians key into it.”
Commending the redesign initiative and how significant the amount of cash out of CBN’s control is, Bawa said, “Oh, it is, it is very significant. You know that there is an obligation of money laundering law that we have, in which an individual is expected to carry out a transaction that is above N5m through the financial institution, there is also the threshold in which a corporate entity is expected to carry out transactions that are above N10m in the financial sector and why is it so?
“It is so because financial institutions are expected to make currency transaction reports, and suspicious transaction reports to relevant agencies. With that, institutions like us will be able to monitor which funds are legitimate and which ones are not legitimate.
“Here we are now, in which 85% of our currency is out in circulation and people are carrying out transactions above the thresholds as provided by this provision over and above that we will not be able to monitor; we don’t know what they’re doing.
“These are the transactions that are creating and giving avenues to other forms of crime that we’re seeing in this country; payment of ransom, banditry, and all of that, payment of bribery to political actors, and the arrest.
“So, it is a good thing for all of us, for the entire country and that is why we are calling on Nigerians to embrace the policy.”
Money Laundering: EFCC puts more govs under watch
A Kaduna High Court on Tuesday ordered that two brothers be remanded in a correctional centre for alleged culpable homicide and armed robbery.
The police charged Hamza Jibrin, 27 and Yusuf Jibrin 24, with conspiracy, armed robbery and culpable homicide.
Justice Aisha Shagari ordered the remand of the defendants, after they pleaded not guilty to the charge preferred against them.
Shagari adjourned the matter until Dec. 12 for hearing.
Earlier, the Prosecutor, James Edward, said that the defendants and two others at large, while armed with matchete and other dangerous weapons along Airport Road, Kaduna, on Nov. 7, robbed and caused the death of a 26-year-old man, Rabiu Sani.
He said the defendants stole the deceased’s HP laptop, two cell phones, his wallet which contained two ATM cards and cash sum of N30,000.
Edward said that the offence is punishable under the Robbery and Firearms ( Special Provision) Act LFN, 2004.
The Defence counsel, Habiba Usman, had pleaded with the court to grant her clients bail.
Usman while moving her bail application, urged the court to gtant her client bail on literal terms, adding , that the defendants would be of good behaviour and would not jump bail.
A Jos Magistrates’ Court on Monday sentenced a 20-year-old trader, Darwang Chung, to nine months in prison for attempted theft.
Chung, who resides at Gyel in Jos South, pleaded guilty to the one count charge of attempted theft.
The Magistrate, Mr Shawomi Bokkos, summarily tried and sentenced the convict after he pleaded guilty to the charge.
Bokkos, in his judgement, gave the convict an option of N30,000 fine, or to risk six months in prison and a compensation of N15,000 or another 3 months in prison in default.
Earlier, the Prosecutor, Insp. Labaran Ahmed, told the court that the case was reported on Oct. 6, at the”B” Division Police Station by one Yohanna Dalyop, the complainant.
Ahmed said the convict jumped over the fence into the house of the complainant and was caught.
He said that the offence contravened the Plateau State Penal Code Law.
The Special Fraud Unit (SFU) of the Police, on Tuesday arraigned a defendant before a Federal High Court in Lagos, over alleged unlawful interception of digital infrastructure.
The defendant, Ayodeji Oyenekan, was charged before Justice A. Aluko, on a three-count charge bordering on cybercrime.
He, however. pleaded not guilty to the charge.
The prosecutor, Mr M. Y. Bello, told the court that the defendant committed the offence sometime in February 2022.
He, alleged that the defendant intentionally and without authorisation, intercepted digital infrastructure server hosted by Amazon Web Services, property of Meplaylist Classic Entertainment.
According to the prosecution, the defendant caused the said Meplaylist Classic Entertainment Ltd. loss of property, by altering Amazon Web services, which restricted the rightful owner access to its server.
He alleged that the defendant inputted his email address ayodeji.oye@meplaylist.com, and allegedly built a mobility startup called Hellobikee, for purposes of conferring economic benefits to himself.
The defendant was also alleged to have fraudulently made use of the electronic unique identification feature of Meplaylist, through his email, for purposes of conferring economic benefits to himself.
The offence contravenes the provisions of sections 12(1), 16(1), and 22(2)(a) of the Cybercrime ( Prohibition, Prevention) Act, 2015.
The court granted the defendant bail in the sum of N10 million with one surety in like sum.
The court held that the defendant shall remain in the correctional facility, pending perfection of all conditions of bail as spelt out by the court.
He adjourned the case until Jan. 21, 2025, for trial.
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