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Alleged ₦4bn fraud: EFCC to arraign Obiano Wednesday

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The Economic and Financial Crimes Commission(EFCC), will on Wednesday, January 24, arraign the immediate-past governor of Anambra State, Willie Obiano, before Justice Inyang Ekwo of the Federal High Court, Abuja, over alleged money laundering to the tune of N4,008,573,350.

It was gathered that the ex-governor will be arraigned on nine count charges.

 

The development comes over a week after the EFCC Chairman, Ola Olukoyede vowed to review all abandoned high-profile cases, especially those involving former Governors and Ministers.

 

A source revealed, “We found that Obiano moved N4,008,573,350 from security votes into different accounts. The money at various times was changed into dollars and returned to Obiano by cash.”

 

EFCC’s lead counsel, Slyvanus Tahir, SAN, will lead eight other lawyers in the trial of the former governor.

Some of the charges against Obiano include, “That you, Chief Willie Maduabuchi Obiano, whilst being the executive governor of Anambra State of Nigeria between March 2014 – March 2022, sometime between 7th February, 2018 to 18th February, 2019 in Abuja, within the jurisdiction of this Honourable Court, indirectly transferred through Mr Willie Nwokoye, your then principal private secretary, the sum of N156,800.00 only from the Anambra State Government Security Vote Account No: 5030050875 domiciled in Fidelity Bank Pic into the Fidelity Bank Ple Account No: 6060018819 belonging to C.I. Patty Ventures Nigeria Limited (an entity that had no business relationship with the Anambra State Government), which funds were dissipated for purposes unrelated / unconnected with the security affairs of Anambra State, which you reasonably ought to have known that such funds formed part of the proceeds of your unlawful act, to wit: (Stealing and Corruption) and you thereby committed an offence contrary to Section 15 (2) (b) of the Money Laundering (Prohibition) Act, 2011 (as amended) in 2012 and punishable under Section 15 (3) of the same Act.

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“That you, Chief Willie Maduabuchi Obiano, whilst being the executive governor of Anambra State of Nigeria between March 2014 — March 2022, sometime between 9th August, 2017 to 4th March, 2020 in Abuja, within the jurisdiction of this Honourable Court, indirectly transferred through Mr Willie Nwokoye, your then principal private secretary, the sum of N261,268,585.00 only from the Anambra State Government Security Vote Account No: 5030050875 domiciled in Fidelity Bank Plc into the Fidelity Bank Plc Account No: 5600062873 belonging to Easy Diamond Integrated Link (an entity that had no business relationship with the Anambra State Government), which funds were dissipated for purposes unrelated / unconnected with the security affairs of Anambra State, which you reasonably ought to have known that such funds formed part of the proceeds of your unlawful act, to wit: (Stealing and Corruption) and you thereby committed an offence contrary to Section 15 (2) (b) of the Money Laundering (Prohibition) Act, 2011 (as amended) in 2012 and punishable under Section 15 (3) of the same Act.”

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EFCC’s spokesperson, Dele Oyewale confirmed the development, noting that Obiano will be arraigned on Wednesday.

“Yes, we’re arraigning Obiano tomorrow,” Oyewale noted.

 

The ex-governor was first arrested at the Murtala Muhammad International Airport, Lagos, on March 17, 2022, as he was preparing to board a flight to Houston, the United States of America.

 

The arrest took place at about 8.30 pm, hours after he left office as governor and, thus, lost his immunity from arrest and prosecution.

 

He had been on the EFCC’s watchlist for some time before he was eventually arrested over corruption allegations.

 

“Obiano was arrested for alleged misappropriation of public funds, including, N5 billion Sure-P and N37 billion security vote which was withdrawn in cash. Part of the funds was also allegedly diverted to finance political activities in the state,” EFCC had noted at the time.

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Fubara visits scene of tanker explosions, promises support for families of victims

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Siminalayi Fubara, governor of Rivers, says the state government will support he families of victims affected by the multiple tanker explosion.

 

Fubara spoke on Saturday when he visited the scene of the accident alongside Olatunji Disu, commissioner for police in Rivers, and Maximus Nwafor, commissioner for energy.

 

On Friday night, tankers laden with petroleum products burst into flames on a section of the East-West road in Eleme, Rivers state, leaving an unspecified number of people killed.

 

The inferno which had also left travellers stranded for hours, engulfed over 50 vehicles, with some bodies found burnt beyond recognition in cars and in a nearby drainage.

The governor directed security agencies to conduct a thorough assessment of the accident to facilitate the provision of aid to families of victims.

 

“Yesterday around 7-8pm, we got information about a very serious inferno that was caused by a tanker conveying PMS,” he said.

 

“I got the information through the MD of Indorama and immediately alerted the security agencies. From what we are seeing this morning, it was not a very pleasant case.

“We recorded, from what I am seeing, a huge number of vehicles being destroyed and souls lost.

 

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“I have already asked the security agencies to give us a full brief. So that we can come into the situation fully by seeing how much we can support the families of the bereaved and see how we can cushion the effect of the losses.”

 

The governor also lamented the deteriorating condition of the Eleme section of the East-West road.

 

“We all know the situation of this road; it is unfortunate. Most of our people when plying this road do so with caution,” he added.

 

 

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Many feared dead in multiple petrol tanker explosions in Rivers

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An unspecified number of people have been killed after tankers laden with petroleum products burst into flames on a section of the east-west road in Eleme, Rivers state.

 

The incident, which left travellers stranded for hours, occurred on Friday night.

 

Some of the victims of the multiple explosions were said to have been trapped in their vehicles as the blasts raged.

 

The cause of the explosions are not clear at the time of reporting. However, eyewitnesses have pointed to “dangerous driving and negligence”.

The Nation quoted Segun Owolabi, an eyewitness, as saying that one tanker collided with a vehicle before bursting into flames, leading to a domino effect.

 

“I saw four dead bodies burnt. Some may have been in the bushes because many ran away. I saw a whole stretch of vehicles burnt down, trailers burnt down,” Owolabi said.

“There seems to be a truck carrying substances and it was as if it had collided with another vehicle that may have ignited the fire. Over 20 vehicles burnt down and several people trapped.

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“There may be more bodies. Oh my God this is a tragedy. A stretch of vehicles burnt.”

 

Another eyewitness said he heard a loud explosion from a petrochemical complex in the area.

 

“I heard a very loud sound about 20 minutes ago, and people were shouting,” he said.

 

“The sound came from the petrochemical company area. So when I came out I saw thick smoke with fire from a distance.”

The inferno reportedly raged for hours before it was put out by firefighters.

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EFCC arrests 34 suspected currency speculators for ‘FX fraud’

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The Economic and Financial Crimes Commission (EFCC) says 34 suspected currency speculators have been arrested for foreign exchange (FX) fraud.

The EFCC, in a statement on Friday, said the arrest was carried out by its operatives attached to its task force on currency mutilation, dollarisation of the economy, and FX malpractice.

 

The anti-graft agency said the suspects were arrested in Wuse Zone 4, Abuja, on April 26, in a sting operation following credible intelligence about illegal sales of dollars.

 

“Operatives of the Economic and Financial Crimes Commission, EFCC, attached to the Taskforce on Currency mutilation, Dollarization of the Economy and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud,” the EFCC said.

“The suspects are: Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, Mohammed Kabir Ibrahim, Abubakar Ghadafi, Muktar Usman, Umar Abubakar Abba, Yakubu Sani, Aminu Abubakar, Muhammed Suleman Abara, Yusuf Tahir, Usman Lawal, Usman Lawal.”

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The agency also arrested Usman Umar, Amina Garba Rola, Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Muhammed Sagiuru, Aminu Salisu, Lawal Bello, and Munzali Hashim.

 

Other include: Jamilu Suleiman, Mustapha Umar, Mubarak Tanimu, Adamu Garba, Mohammed Usman, Bello Musa, Saleh Mohammed Naseer, Zaharadeen Yau, Musa Umaru Adamu, Usman Machido, and Abdulaziz Abubakar Abba.

The EFCC said the arrest occurred following its ongoing efforts to clean up and stabilise the FX market, adding that the suspects will soon be arraigned in court upon conclusion of investigations.

On February 24, the Central Bank of Nigeria (CBN) and the office of the national security adviser (ONSA) sealed a partnership to investigate and penalise those involved in illicit activities within the foreign exchange market.

 

The decision was on the backdrop of the unending depreciation of the naira and its accompanying negative impact on inflation and economic instability.

 

Following the partnership, which also involved the EFCC, the commission froze over 300 accounts linked to illicit FX trading.

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The EFCC had, on January 24, launched a probe on 52 companies over forex transactions.

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