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Mahi Denies Allegation Of N9.3 Billion Payment TMicrofinance Bank
Mahi Denies Allegation Of N9.3 Billion Payment TMicrofinance Bank....KINDLY READ THE FULL STORY HERE▶
Ebonyi State’s former governor, Dave Umahi, has refuted claims by BudgIT’s Tracka platform accusing him of authorizing the payment of N9.3 billion to FIMS Microfinance Bank Ltd….CONTINUE READING
Umahi, through his special adviser on media, Barrister Orji Uchenna Orji, dismissed the report as malicious, stating that the funds were released for 62 projects between June and December 2023, during his tenure as governor. He clarified that the payments were made for services delivered by contractors and not for contracts awarded to the bank. Umahi criticized the social media group for spreading misinformation and affirmed his commitment to focus on his current responsibilities as a minister.
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End Of The Road: Ex-NSPM Boss Faces Bribery Charges ln UK After Supreme Court Ruling.
The Supreme Court has greenlit the extradition of Emmanuel Okoyomon, the former Managing Director and CEO of the Nigerian Security Printing and Minting Company (NSPM), to the United Kingdom to answer to bribery allegations. In a unanimous ruling, a five-judge panel presided over by Justice Mohammed Garba dismissed Okoyomon’s appeal, declaring it meritless. The court upheld the previous 2016 Court of Appeal ruling, with Justice Mohammed Idris reading the lead judgment authored by Justice Emmanuel Agim, which affirmed that there were no grounds to overturn the lower court’s decisions.....KINDLY READ THE FULL STORY HERE▶
The legal battle stems from a request by the Attorney General of the Federation for Okoyomon’s surrender to the UK regarding his alleged involvement in a bribery scandal linked to Securency International Pty of Australia, the Central Bank of Nigeria (CBN), and the NSPM. Although the Federal High Court initially approved the extradition in May 2015, Okoyomon sought to block the move, citing a denial of his right to a fair hearing.
The Court of Appeal previously rejected his challenge, emphasizing that under the London Scheme for Extradition within the Commonwealth—which is reflected in Nigeria’s Extradition Act—the country is obligated to surrender individuals wanted for such offenses. The appellate court further dismissed his claims regarding his citizenship status, ruling it irrelevant to the core merits of the extradition application. With this final Supreme Court decision, the long-standing legal challenge has been brought to a close.
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$42.5 Million Rice Fraud Trial Implodes: Judge Recuses Himself Amidst Stinging Bias Allegations!.
The trial of two Indian nationals, one British citizen, and two companies—Agrico Agbe Limited and Wilben Trade Limited—concerning an alleged $42.5 million rice import fraud involving Ecobank Plc has been delayed following Justice Akintayo Aluko’s decision to recuse himself from the case. The defendants, identified as Prem Garg, Devashish Garg, and Marcus Wade, face five charges including conspiracy, obtaining money by false pretenses, cheating, and conversion.....KINDLY READ THE FULL STORY HERE▶
The prosecution alleges that between May and September 2015, the defendants fraudulently obtained $42,485,900 from Ecobank Plc by misrepresenting the funds as being for the importation of Indian parboiled rice. The government claims the defendants secured $22,485,900 in May 2015 and an additional $20 million in September 2015, only to divert and convert the money for unauthorized purposes.
During recent proceedings, Justice Aluko addressed a petition that accused him of bias and misconduct. While the judge defended his conduct—noting that his previous actions, such as ordering hearing notices, were intended to keep the case moving—he expressed concern that the petition was a tactic to delay the trial. Citing professional conduct rules that prohibit lawyers from obstructing the administration of justice, he criticized the frequent absences of the defense counsel.
Despite dismissing the allegations as unsubstantiated and asserting he had no personal interest in the matter, Justice Aluko chose to withdraw from the case to remove any perception of bias. The case file has been sent to the Administrative Judge of the Federal High Court for reassignment, effectively stalling the trial until a new judge is appointed.
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The ₦36 Million Property Scandal: EFCC Witness Exposes Blessing CEO’s Alleged Deception In Court!.
Justice D.I. Dipeolu of the Federal High Court in Ikoyi, Lagos, has reserved his ruling on the bail application for social media influencer Okoro Blessing Nkiruka, commonly known as Blessing CEO, until June 9, 2026. Following arguments from the prosecution and defense on Friday, the court deferred its decision.....KINDLY READ THE FULL STORY HERE▶
Blessing CEO is currently standing trial on a two-count charge filed by the EFCC regarding an alleged ₦36 million fraud. The allegations state that between July 14 and July 17, 2024, she obtained ₦36 million from Mrs. Ifeyinwa Nonye Okoye under the false pretense of leasing a six-bedroom duplex in Lekki, Lagos, and subsequently converted the funds for personal use.
Key developments in the case include:
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Plea and Custody: Blessing CEO pleaded not guilty to the charges, and the court previously ordered her remand in EFCC custody.
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Refund Claims: Defense counsel P.I. Nwafor stated that the defendant has already refunded ₦24 million and sought time to negotiate a settlement for the remaining balance.
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Prosecution Stance: The EFCC maintains that private settlement discussions do not impact the ongoing criminal proceedings, as the Federal Government is the complainant in the matter.
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Judicial Directive: Justice Dipeolu previously allowed settlement discussions to proceed parallel to the court case while directing the defendant to take her plea.
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