Connect with us

Breaking News

Naira abuse: Court strikes out charge against Cubana Chief Priest

Published

on

Last Updated on June 25, 2024 by Fellow Press

The Federal High Court in Lagos on Tuesday struck out a charge against celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, over alleged abuse of the naira.

Justice Kehinde Ogundare struck out the charge following the adoption of terms of settlement between parties to the suit.

The Economic and Financial Crimes Commission (EFCC) had on April 17, arraigned Okechukwu on a three-count charge of allegedly spraying and tampering with the Naira notes during a social event at Eko Hotel in Lagos.

He had pleaded not guilty to the charge and was granted bail in the sum of N10 million.

At the last adjourned date on May 2, the Defence Counsel, Mr Chikaosolu Ojukwu (SAN), informed the court.

Ojukwu noted that the parties were exploring settlement and had applied that the matter be settled pursuant to the provisions of section 14(2) of the EFCC Act.

Following the position, he applied for a withdrawal of a preliminary objection filed by defence, and since there was no objection from the prosecution, the court granted same.

The court, consequently, adjourned the case until June 5, for report of settlement.

On June 5, the case could not go on following the absence of the defence counsel who had reportedly written to the court praying for an adjournment.

The court had adjourned the case until June 25, for report of settlement.

When the case was called on Tuesday, Mrs Bilikisu Buhari appeared for the prosecution, while Mr Chikaosolu Ojukwu (SAN), appeared for the defence.

Bilikisu informed the court that the prosecution had filed the terms of settlement dated June 24 and adopted same.

In response, the defence counsel said he agreed with what the prosecutor said and equally adopted same.

He thanked the court for its indulgence adding that part of the obligations contained in the said terms had been performed.

He urged the court to make the consequential orders of dismissing the case.

In a short ruling, the court held that: “Upon the agreement of the prosecution and defence pursuant to the EFCC Establishment Act, the agreement having been presented to the court, this charge is hereby struck out as the defendant is hereby cautioned,” he said.

Meanwhile, a copy of the terms of settlement which was obtained by newsmen in court provided as follows:
“The agreement applies only to the findings relating to contravention of the law contained in the pending charge preferred against the defendant.

“The defendant shall enter into a bond with the EFCC to be of good behaviour and never indulge in any Economic and Financial Crime or related offences.

“The defendant shall engage in rigorous and intensive sensitisation and/or campaign against the abuse of coins and notes issued under the Central Bank of Nigeria (CBN) Act as legal tender.

“The defendant shall bi-monthly post on his various social media handles a minimum of two video clips of his sensitisation/campaign against abuse of Naira and sundry offences.

“The defendant shall pay to the consolidated revenue fund of Federation such sum not below the sum of N10 million only upon the execution af this agreement,” he said.

In the charge, the defendant was said to have tampered with the funds in the denomination of N500, while dancing at the social event in Eko Hotel.

The offence contravenes the provisions of section 21(1) of the CBN Act of 2007.

Breaking News

Minimum Wage: Let’s cut our coat according to our clothes, Tinubu tells labour

Published

on

Last Updated on July 12, 2024 by Fellow Press

President Bola Tinubu says a new minimum wage will be fixed after reviewing the “structure” of the wage bill.

Tinubu spoke on Thursday while addressing the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) during a meeting at the State House, Abuja.

Tinubu told the labour leaders that his administration prioritises the welfare of workers, adding that “society depends on the productivity of happy workers”.

“You have to cut your coat according to the available cloth. Before we can finalise the minimum wage process, we have to look at the structure,” Ajuri Ngelale, presidential spokesperson, quoted Tinubu as saying in a statement.

“Why must we adjust wages every five years? Why not two? Why not three years? What is a problem today can be eased up tomorrow.

“There is much dynamism to this process if we are not myopic in our approaches.

“We can take a surgical approach that is based on pragmatism and a deep understanding of all factors.”

On his part, Joe Ajaero, NLC president, said things are difficult for Nigerian workers, adding that there must be a balance between the living wage and the minimum wage.

Festus Osifo, TUC president, said the rising inflation in the country has eroded the value of the naira.

Continue Reading

Breaking News

Tinubu appoints Jega on Livestock Reform committee

Published

on

Last Updated on July 10, 2024 by Fellow Press

President Bola Tinubu has offered a fresh appointment to former Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega.

The appointment was announced when Tinubu inaugurated the Presidential Committee on Implementation of Livestock Reforms at the presidential villa in Abuja, on Tuesday/

He named Jega as co-Chairman of the Committee established to address obstacles to agricultural productivity and open up new opportunities which benefit farmers, herders, processors, and distributors in the livestock-farming value chain.

President Tinubu emphasized that the implementation of the reforms will require the collective efforts of members of the committee, drawn from the public and private sectors, state governors, and all Nigerians.

“From here, I will appeal to everyone to remove every iota of partisan politics from this. I will assume the chairmanship of the committee as President and appoint Professor Attahiru Jega as my deputy or co-chair.

“This is not about politics; this is about opportunity. This is about our nation. While I may be absent, Jega will preside and continue to promote our objectives,’’ the President said.

Inaugurating the committee in the Council Chamber at the State House, the President thanked the National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Ganduje for his efforts in assembling experienced and reputable experts to ensure the activation of opportunities in the livestock sector.

“When we have great opportunities in our states, why should Nigerians continue to experience conflicts?

“With the calibre of people that are here, this presents a unique opportunity also to delineate and establish a centric ministry called the Ministry of Livestock Development. It will give us the opportunity so that our veterinary doctors can have the necessary access to research and cross-breed. We can stop the wanton killings,’’ President Tinubu stated.

The President noted that the traditional method of livestock farming will need to be reviewed and repositioned with the support of stakeholders, which include state governments, in order to open up new opportunities for growth and prosperity.

President Tinubu said the Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN), will ensure the removal of all legal obstacles to the implementation of the reforms, while the Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani will provide support with automation.

“Modern technology is available to us. We are ready to work. I said at the beginning, with you, all of you, the solution is here, and we must run with it. Any law that might inhibit the promotion and actualization of our objectives, the Attorney-General is here, please give it a priority; and the Minister of Budget and Economic Planning is here; create a budget for it to grow, and the Minister of Finance is here as well to work out the money,’’ the President stated.

The President also said the reforms will be comprehensive and collective, urging the support of all stakeholders.

“We need to provide the incentive to enable Nigeria to finally take advantage of livestock farming; dairy products and cold-chain logistics collectively offer substantial commercial and economic advantages. We have seen solutions and opportunities. With these adversities that have plagued us over the years, I believe that prosperity is here – in your hands.”

Continue Reading

Facebook

Trending