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Showing posts from July 4, 2020

NSITF Management Rejects Suspension By Minister Of Labour, Ngige

The management of the Nigeria Social Insurance Trust Fund has disputed allegations that it had been sacked and replaced by the Minister of Labour and Employment, Chris Ngige. In a letter dated July 1, 2020 and addressed to Adebayo Somefun, Managing Director of NSITF, Ngige said President Muhammadu Buhari had approved the suspension of the management Somefun heads over “misappropriation and other gross misconduct”.  The statement further said that the affected officials were to appear before an investigative panel to give information on what they knew about the purported financial infractions. But reacting in a statement, NSITF said the President had not given such a directive.  The statement reads, “The attention of NSITF management has been drawn to media reports that it had been suspended. We wish to state that President Muhammadu Buhari has not suspended the management of NSITF and has not made any such announcement, anywhere. “Curiously, the person mentioned i...
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Nigerian Court Jails Hackers Who Defrauded Union Bank Of N2.5bn

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...
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Lagos Speaker, Obasa, Orders Doctoring Of Vital Financial Documents Of Assembly As EFCC Begins Probe Into Alleged Looting Of Public Funds

Lagos Assembly Speaker Mudashiru Obasa The doctoring of vital documents that has to do with approvals of funds for various purposes in the Lagos State House of Assembly has begun on the orders of Speaker of the parliament, Mudashiru Obasa. According to findings by SaharaReporters, the alteration of key documents was being done through the Clerk of the Assembly as the Economic and Financial Crimes Commission begins its investigation into allegations of misappropriation of public funds by Obasa and other leaders of the parliament. SaharaReporters in a series of well detailed reports backed with relevant documents had exposed how Obasa through different guises signed off various sums of money for himself and close allies in the Lagos Assembly. In one of such reports, the online news medium exposed how Obasa operated over 64 bank accounts using different names to steal public funds. The BVN: 2296663231, reveals that Obasa operates accounts with multiple names in Polar...
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EXCLUSIVE: Fear Grips Ondo Executive Council Members As COVID-19 Results Are Awaited

Fear has seized Ondo State Executive Council members as they await results of their COVID-19 tests. Cabinet members were made to undergo a compulsory Coronavirus test after Governor Rotimi Akeredolu was confirmed to have contracted the virus earlier in the week. Apart from Akeredolu, his wife, Betty, some of their aides and several other government officials have all been confirmed to have the virus. On Thursday, Commissioner for Health in the state, Wahab Adegbenro, died of Coronavirus complications after being ill for a few days. As a result of this development, cabinet members are now living in fear especially as they all await the outcome of the test conducted on them. See Also Breaking News BREAKING: Ondo State Governor, Akeredolu, Tests Positive For COVID-19 0 Comments 3 Days Ago SaharaReporters gathered that apart from executive council members, lawmakers in the state also undertook the test and are also awaiting the outcome. A source in government told ...
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Court Jails Internet Fraudster, Orders Remand Of 78-year-old Man For N25m Land Fraud

Justice Joyce Abdulmalik of the Federal High Court, Ibadan, Oyo State, on Thursday, July 2, 2020, convicted and sentenced an Internet fraudster, Olawale Ayomide Fadoju to 12 months imprisonment. The convict, who hid under a pseudonym ‘April Rozell’ to dupe his victims online, was found guilty of criminal impersonation in a one count amended charge filed against him by the Ibadan Zonal Office of the EFCC. The offence runs contrary to Section 22 (2)(b) (i & ii) of the Cyber Crimes (Prohibition, Prevention e.t.c) Act, 2015. Fadoju pleaded guilty to the charge following which prosecution counsel, Simon Ibekwute, urged the court to convict and sentence him accordingly. Beside the jail term, the convict will also reimburse to his victim the sum of $750 and forfeit his iPhone 6 phone being proceeds of crime to the Federal Government of Nigeria. In a related development, the EFCC on Thursday arraigned 78-year-old Alhaji Sheik Rauf Temitope Mustapha for alleged N25m land fraud....
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