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N805m Scam: Senator Nwaoboshi rearrested, jailed

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The senator representing Delta North in the National Assembly, Peter Nwaoboshi, who has been on the run months after the Court of Appeal, Lagos Division convicted and sentenced him to seven years imprisonment for money laundering, is finally in prison custody.

The lawmaker, who was intercepted by operatives of the Economic and Financial Crimes Commission, at a Hospital in Lagos on Monday, February 6, was remanded in Ikoyi Custodial Centre on Wednesday, February 8, 2023, to commence his prison term.

The EFCC disclosed this in a statement on its website on Wednesday.

Newsmen report that the Court of Appeal had in a judgement delivered on July 1, 2022, sentenced Nwaoboshi to prison after it convicted him of a two-count of money laundering and also ordered the winding up of his two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, in line with the provision of Section 22 of the Money Laundering Prohibition Act 2021, and their properties forfeited to the Federal Government.

But the lawmaker who was not present in court at the time of the ruling went underground and refused to present himself to the Nigerian Correctional Service.

Instead, he proceeded to the Supreme Court, praying the apex court to not only set it aside the judgment of the appeal court but grant him bail, pending the determination of his appeal.

But in a unanimous decision on January 27, 2023, the apex court dismissed the application. In the lead judgement by Justice Emmanuel Agim, the apex court wondered why Nwaoboshi, who refused to submit himself to the law, would seek the indulgence of the law.

Justice Tijani Abubakar, in his contribution, upbraided the appellant for filing the bail application while on the run.

“We must make it very, very clear to all Nigerians that nobody is above the law. The government and the governed are subject to the rule of law. And, we must ensure that there is respect for the rule of law”. The judge said.

The Court of Appeal judgement that convicted Nwaoboshi followed an appeal by the EFCC against the judgment of Justice Chukwujekwu Aneke of a Federal High Court in Lagos, which had on June 18, 2021, discharged and acquitted the lawmaker and his companies.

Nwaoboshi and his companies illegally acquired a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million. Part of the money paid for the property was transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd. The funds are believed to be proceeds of illicit activities of the convict.

One of the counts reads: “That you, Peter Nwaoboshi and Golden Touch Construction Projects Limited, between May and June 2014, within the jurisdiction of this honourable court, did acquire a property described as Guinea House, Marina Road, Apapa, Lagos, for the sum of N805million, when you reasonably ought to have known that the sum of N322 million out of the purchase price transferred to the vendors by order of Suinming Electricals Limited formed part of the proceeds of an unlawful activity of fraud and you thereby committed an offence contrary to Section 15(2) (d) of the Money Laundering Prohibition Act of 2011(as amended) and punishable under Section (15)(3) of the same Act.”

 

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Electricity: NLC, TUC condemn higher tariff for non-existent electricity

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The  Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC),  have appealed to the  Nigerian Electricity Regulatory Commission (NERC) and Power Sector operators,  to reverse the  increase in electricity tariff within  one week.
President of  the  unions, Mr Joe Ajaero and Mr Fetus Osifo made the call on Wednesday in a joint speeche to  mark the  2024 Workers’ Day in Abuja.
The duo expressed dissatisfaction over epileptic power situation in the country which is affecting  economic growth of the country.
According to them, it’s imperative that any nation incapable of effectively and efficiently managing its energy resources, faces certain ruin.
“One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.
“Power, regardless of its source, remains paramount in Kickstarting any economy, while oil and gas are indispensable for robust energy success in every country. “
They said it was absolutely critical for the government to collaborate with the people to establish frameworks that ensure energy works for all Nigerian.
According to the duo, the plight of the power sector remains unchanged over a decade after privatisation of the sector.
“The reasons are glaringly evident. As long as those who sold the companies remain the buyers, Nigerians will continue to face formidable challenges in the power sector.
” It is unethical to force Nigerians to pay higher tariff for non-existent electricity.
“Estimated billing is an extortion and a day light robbery against Nigerians, ” the duo said. ”
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Fuel queues will fizzle out soon – Reps

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The House of Representatives, has reassured that the long queues at filling stations in the country, will soon fizzle out soon.

Rep. Ikenga Ugochinyere, Chairman, Petroleum Downstream said this at a joint news conference in Abuja on Wednesday.

“We hereby express our concerns over the temporary presence of fuel queues in petrol stations across the country.

“However, we are convinced that this is temporary based on our investigation, and in a couple of days, we shall get over it,” he said.
Flanked by Rep. Henry Okojie, the Chairman, Petroleum Midstream, Ugochinyere said that investigations had revealed that the scarcity was artificial.
“We have discovered that there is availability of petrol products. We have it on good authority that we have in our storage facilities at least, about 1.5 billion liters of petrol,” he said.

He said that 1.5 billion liters can last for 30 days.

“We have gotten assurances from the regulators in the distribution value chain that these bottlenecks have been cleared. In the course of this public holiday, more grounds will be covered.

“From our findings, the issues that necessitated the disruptions that led to the appearance of fuel queues in petrol stations have been cleared.

They said that it would take a few more days for things to return to normalcy, while calling on Nigerians not to panic over this development.

“We have gotten assurances from the regulators and the unions that these challenges will be cleared in a few days,” he said.
Ugochinyere added: “It will require more time, like two to three days, for products to be distributed to all stations nationwide.

“As a committee that is charged with downstream and midstream oversight, we have been monitoring this development.”

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Some Borno pensioners still earn N4,000 monthly – NLC

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The Nigeria Labour Congress (NLC), Borno State chapter, has said that some retirees in the state were still being paid N4,000 monthly as pension.

The NLC Chairman, Mr Yusuf Inuwa, said this in an address to mark the 2024 May Day celebration, on Wednesday in Maiduguri.

He advocated for upward review of the pension to improve the social and economic wellbeing of retirees.

“Your Excellency, we wish to table before you that as at this moment there are some pensioners who are still receiving N4,000 as pension per month which is grossly inadequate.

“We, therefore, pray for His Excellency intervention for upward review of the monthly pension”, Inuwa pleaded.

He also called for the implementation of the national minimum wage, payment of outstanding leave and transport grants to local government employees in the state.

The NLC chairman, who noted the commitment of the workers towards the transformation agenda of the state government, lauded the Babagana Zulum’s administration for the feat achieved in the area of workers’ welfare.

He listed some of the achievements to include implementation of promotion benefits to workers in the mainstream, payment of gratuities to families of deceased workers, and provision of subsidised buses for workers and members of the public.

Also, the State Chairman of the Trade Union Congress (TUC), Mr Babayo Hamma, urged the state government to adopt the minimum wage aporoved by the Federal Government.

The state deputy governor, Alhaji Umar Kadafur, lauded the harmonious relationship between labour and the state government.

Kadafur who listed some of the training opportunities provided for the workers including the N2 billion free interest facility, reiterated government to the welfare and training of workers.

Also, Prof. Ibrahim Umara of Political Science Department, University of Maiduguri, who highlighted the theme of this year’s May Day, “The People First”, called for proactive active measures to address energy crisis in the country.

He urged government to adopt siund policies that would enabled the Dangote Refinery,  to supply fuel at a subsidised rate to service local consumption.

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