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Traders, market women lose N600m to Ponzi scheme

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Some traders and market women have accused a businesswoman, Chinyere Emeka-Atu, of defrauding of over N600m in Lagos State.

The woman, it was gathered, used her company, Family Food Support Association, to gather unsuspecting members of the public, including petty traders, to part away with N9,000 every month to get a higher return on their investments.

The victims were said to have been promised a return of N200,000 cash and N90,000 worth of foodstuffs after nine months of investments in the association’s scheme.

However, for proper coordination, the businesswoman reportedly created about 39 groups headed by an independent leader under the association.

People from different parts of the country, who invested in the scheme, were reportedly divided into groups.

Things, however, took another turn when Emeka-Atu started defaulting in the payment of the promised money and donation of food items to those who invested in the scheme.

The situation was said to have created uproar, as some of the aggrieved victims reported the matter to the police, as Emeka-Atu was arrested.

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She was arraigned before a Tinubu Magistrate’s Court on April 12, 2022.

The Magistrate, A.O. Alogba, was said to have remanded the businesswoman in custody and adjourned the case for hearing.

At the resumed hearing, the prosecuting counsel, M.A. Animashaun, prayed the court for additional 15 days to file proper charges at the High Court.

He said, “In order to avoid any breakdown of law and order because of the massive crowd with placards protesting and demanding justice outside the court, I pray this honourable court for additional 15 days to prepare and file a charge at the Federal High Court to ensure that justice prevails in the matter.

“The defrauded amount is N600m and so I pray the court for further remand of the defendant.”

The defence counsel, Amaka Nwafor, however, pleaded with the court to grant her bail.

She said, “The court on April 12, 2022, gave a ruling that the defendant be kept for seven days in custody of the prosecution for proper arraignment and the defendant has since been in the custody of the police for three weeks now. My client is a mother with ill health and has the right to bail. I pray the court to grant her accordingly.”

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The magistrate denied the plea by Emeka-Atu’s counsel and adjourned hearing till April 28, 2022.

Meanwhile, the aggrieved traders, who were outside the court with different placards, demanded a refund of their money.

One of them, Francisca Usondu, said she joined the scheme in September 2020, adding that over 4000 members had yet to be settled in her group, tagged the Yellow Team.

She said, “The coordinator, Emeka-Atu, confirmed that our group leader, Elizabeth Uche, remitted all contributions up till February 13, 2022, and Emeka-Atu has refused to pay them back according to the agreement of the business.

“According to the agreement on the flier, interested persons will register with N1,700, and make N2,000 weekly contribution on Sundays. Defaulters will pay N2,000 for each missed Sunday. Every member who brings additional three persons will be entitled to N90,000 worth of goods and N200,000 cash at the end of nine months.

“Every member has been complying with this, but since June 2021, members who joined the association in September 2020 have yet to get their benefits till date. In January 2022, Emeka-Atu amended the constitution and said only members with 13 additional persons are entitled to N200,000. Our leaders begged us to comply which we did, but we have yet to receive any dividends up till now.”

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Another victim, Amaka Eze, a single mother, while crying, said to avoid being defrauded and to ascertain that the business was legitimate, she visited the association’s office on Toyin Street, Lagos.

“I suffered so much to bring three other people together and we invested in this networking business, but after all our sacrifices, the coordinator has refused to give us back our benefits. We plead to those in authority to help us the masses to get justice,” she said.

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14-year-old Nigerian, Daniel Anjorin killed in London sword attack

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The teenage boy killed in the Hainault sword attack in north-east London has been identified as 14-year-old Daniel Anjorin.

 

Police said Anjorin died from stab wounds shortly after being taken to hospital on Tuesday.

 

He was the only casualty in the attack that left four other people, including two police officers, injured.

 

The suspect, 36, was cornered and overpowered with a Taser by officers in Thurlow Gardens.

 

Police were called to reports of a car crashing into a house and people being stabbed in Hainault, north-east London.

 

James Fernando, a witness, told the BBC that he saw the suspect asked one of his neighbours to take his phone and “tell whoever was on the phone his location”.

 

Fernando said the neighbour soon noticed the sword and started running.

 

“As she fled, the woman shouted to another neighbour, a boy on his way to school, who was then struck by the attacker as he turned around,” he said.

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Anjorin attended Bancroft’s, the same school where Grace O’Malley-Kumar, a stabbing victim in Nottingham, was also a student.

 

Holy Family Catholic School where the boy’s mother works, issued a statement naming her Mrs Anjorin and called for prayers for the family.Police said the suspect is in hospital being treated for injuries sustained when the vehicle he was in crashed into the house.The police said the suspect would be taken in for questioning immediately after he has some respite, adding that Anjorin’s family are being supported by specially trained staff.
DANIEL ANJORIN, LONDON SWORD ATTACK

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Gas explosion rocks Lagos community

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One yet-to-be-identified pregnant woman and eight others have sustained varying degrees of injuries following a gas explosion that occurred at Alaba Lane, Alayabiagba Community, in the Ajegunle-Apapa area of Lagos State.

 

It was gathered that the incident occurred on Tuesday at about 12:39 p.m.

 

Confirming the incident, the Head, Public Education, Lagos State Fire and Rescue Service, Amodu Shakiru, stated that preliminary inquiry revealed that a number of different gas cylinders that were traded in the area had one that was set off by a possible leak that broke a high-tension cable and started a fire.

 

He added that the fire destroyed four commercial tricycles, six lock-up stores, and a portion of a bungalow building.

“Preliminary investigation revealed that a number of various gas cylinders traded within the neighborhood have one triggered by a suspectable leakage leading to the snapping of a high-tension cable and resultant fire.

 

“Four commercial tricycles, six lock-up shops, and a bungalow part of the properties were razed down while salvaging adjoining structures, including a major fuel service station.

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He stated that the Federal Fire Service, the Lagos State Fire and Rescue Service, and the fire stations in Ajegunle and Sari-Iganmu quickly contained the incident.

 

Shakiru noted that the pregnant woman and the other victims are currently receiving treatment at the Gbagada Burn & Trauma Center and Ajeromi General Hospital following initial care provided by the Lagos State Ambulance Service.

 

“However, nine people reportedly suffered different degrees of burn injury, including a pregnant woman, children, and adults, male and female, who are recuperating at the Ajeromi General Hospital and Gbagada Burnt & Trauma Centre after some first aid by the Lagos State Ambulance Service.

 

“The incident was curtailed in record time through the combined efforts of the Ajegunle and Sari-Iganmu Fire Stations of the LSFRS with the compliment of the Federal Fire Service.”

 

 

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Emefiele collected $600k kickback in cash from contractors, former CBN director tells court

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John Ikechukwu Ayoh, a former director at the Central Bank of Nigeria (CBN), has testified against Godwin Emefiele, ex-governor of the apex bank, in the ongoing case of abuse of office at the Lagos high court.

 

Emefiele and his co-defendant, Henry Omoile, are currently facing trial on a 26-count charge.

 

The former CBN governor and Omoile pleaded not guilty to all the charges.

 

At the court proceedings on Monday, the Economic and Financial Crimes Commission (EFCC) presented Ayoh as the second witness in the case against Emefiele.

 

Ayoh told the court that he worked at the apex bank from June 2014 to April 2019 noting that he did not work directly under Emefiele.

 

Ayoh added that he used to report to Adebayo Adelabu, a former deputy governor of CBN, who is now the minister of power.

 

The witness said he was the head of procurement and support services (PSS) of the apex bank, which was vested with powers to receive bids and select successful bidders.

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The former CBN director said he collected money from contractors as gratification of awarding contracts to them based on the instruction from Emefiele.

 

The witness said Emefiele usually sends his personal assistant (PA) — John Adetona — to collect the contractors’ kickback from him.

 

Ayoh said he collected $400,000 and $200,000 in cash from contractors on two different occasions and handed them over to Emefiele’s PA.

 

“The first transaction was $400,000 and the second one was $200,000 in cash. I was in my house when the first envelope was brought to me. His assistant was asked to collect the money,” he told the court.

“One of the vendors had a contract with CBN which involved the implementation of data storage and infrastructure.

 

“The first package was collected in my residence at Lekki phase one, while the second package was collected at the head office in Lagos.”

 

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During cross-examination by Olalekan Ojo, counsel to Emefiele, Ayoh said he was under duress from the former CBN to accept gratifications on his behalf.

 

“No, I was under duress from my boss (referring to Emefiele). We were faced with tremendous pressure to bend the rule,” the witness said when asked about aiding the commission of a crime by collecting the money.

 

Asked if he indicated in his statement with the EFCC that the money was meant to influence the award of contracts, the witness said some parts of his statement implied that.

 

“Who told you that it (the money) is for gratification,” Emefiele’s counsel asked.

“The cash is for gratification to the governor for awarding the contracts. He (Emefiele) asked for it. He won’t approve the contract without gratification,” the witness said.

 

On whether he was arrested by the EFCC, the witness said the anti-graft agency invited him and was granted bail afterwards.

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Emefiele’s counsel told the court that the witness must have traded being charged by the EFCC to become a witness against the former CBN boss.

 

INTERIM BAIL

After the cross-examination of the witness, Emefiele’s counsel sought a fresh interim bail for the former CBN governor, pending the fulfilment of the bail conditions earlier stipulated by the court.

 

Ojo told the court that the initial interim bail granted to Emefiele ended today (Monday), adding that the defence team has not been able to meet the bail conditions.

 

He urged the court to grant Emefiele another interim bail that would end on May 17.

 

Rahman Oshodi, the presiding judge, granted the request and ordered that Ojo swear to an affidavit to provide Emefiele in the next adjourned date.

 

Oshodi adjourned to May 3, 9, and 17 for the continuation of the trial.

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