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Alleged N33bn fraud: Court grants ex-minister N10bn bail

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The federal high court in Abuja has granted Saleh Mamman, a former minister of power, N10 billion bail.

 

James Omotosho, the presiding judge, ruled on Friday that the sureties must have landed property within the jurisdiction of the court.

 

The presiding judge said the sureties’ property must be worth N750 million with registered titles.

 

The judge ordered that the sureties must present an affidavit of means and three years tax evidence to be verified by the court registrar.

 

Omotosho directed the former minister to submit his international passport to the court’s registry.

 

He added that Mamman should be remanded at the Kuje correctional centre until he perfects his bail condition.

 

The case was adjourned to September 25, 2024, for continuation of trial.

 

THE CASE

On Thursday, the Economic and Financial Crimes Commission (EFCC) arraigned Mamman on a 12-count charge bordering on money laundering to the tune of N33,804,830,503.

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Before proceedings began, Mamman slumped outside the courtroom.

 

The former minister told the judge that he collapsed because he had taken drugs on an empty stomach.

 

He added that while waiting to be called to the dock, his blood pressure dropped.

 

Mamman said he could take his plea after being asked by the judge if he was fit enough for the day’s business.

 

The former minister pleaded not guilty to the charge.

 

Femi Ate, counsel to Mamman, thereafter told the court that his client had submitted his bail application.

 

Adeyinka Olumide-Fusika, counsel to the anti-graft agency, said the defendant was served with the bail application around 12:30pm on Thursday.

 

Afterwards, the defence counsel pleaded with the court to allow the bail application to be heard the next day.

 

The EFCC counsel did not oppose the request.

 

The trial judge remanded the former minister at Kuje correctional centre and adjourned the bail application to Friday.

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Tinubu’s planned cabinet reshuffle won’t make any difference, says Buba Galadima

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Buba Galadima, a chieftain of the New Nigeria Peoples Party (NNPP), says President Bola Tinubu‘s planned cabinet reshuffle would not make any difference.

On September 25, Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu “has expressed his desire to reshuffle his cabinet and he will do it”.

 

Speaking on Politics Today, a programme on Channels TV on Friday, Galadima said reshuffling the cabinet would not curb food inflation.

 

Galadima claimed that the president intends to reward his cronies with the reshuffle.

 

“That (planned cabinet reshuffle) has nothing to do with me or any Nigerian. What is of importance to all of us is bringing down the harsh conditions of living and the buck stops only on the table of one man. That is President Bola Ahmed Tinubu,” Galadima said.

 

“No amount of reshuffling can make a difference. As far as that team is only ‘job for the boys,’ nothing will come out of it.

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“Anybody that calls himself president or governor is responsible for their cabinet’s performance. He should be told that some of his appointees are more interested in their pockets than service delivery.

 

“I expected him to do better than this; and to hit the ground running.”

 

The NNPP chieftain asked Tinubu to find a solution to the country’s foreign exchange crisis “which has seen the naira performing abysmally”.

 

There have been growing calls from Nigerians and members of the All Progressives Congress (APC) for Tinubu to reshuffle his cabinet and remove underperforming ministers.

 

Tinubu’s policies have driven petrol prices to record highs and depreciated the naira to record lows since he assumed the reins on May 29, 2023.

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Israel claims Hezbollah leader killed in Beirut strike

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The Israeli military announced early Saturday that Hezbollah chief Hassan Nasrallah was killed in a strike on Beirut.

 

“Hassan Nasrallah is dead,” military spokesman Lieutenant Colonel Nadav Shoshani announced on X. Military spokesman Captain David Avraham also confirmed to AFP that the Hezbollah chief had been “eliminated” following strikes Friday on the Lebanese capital.

 

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JUST IN: FG declares October 1 as public holiday

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The Federal Government has declared Tuesday, October 1, as a public holiday to commemorate Nigeria’s 64th independence anniversary.

Olubunmi Tunji-Ojo, minister of interior, announced the holiday on Saturday in a statement by Magdalene Ajani, permanent secretary in the ministry.

The minister praised patient and hardworking Nigerians, adding that their sacrifices would not be in vain.

More to follow…

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