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EFCC arrests new naira notes hoarders in Abuja

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The Economic and Financial Crimes Commission (EFCC) has said it arrested members of a syndicate of currency racketeers hoarding and trading in the redesigned Naira notes in Abuja.

According to the EFCC spokesperson, Wilson Uwujaren, the operations were carried out in Zone 4 and Dei Dei axis of the Federal Capital Territory between Saturday and Monday.

He noted that the operation followed intelligence on activities of unscrupulous currency speculators who were exploiting citizens by offering them the new naira notes for foreign currencies at below the going rate.

The action came a day after the Governor of the Central Bank of Nigeria (CBN),  Godwin Emefile, said the apex bank would collaborate with law enforcement agencies such as the EFCC and the Independent Corrupt Practices  (ICPC) and other related offences commission, to track such heavy withdrawals.

Reports revealed that the CBN also extended the deadline for the validity of the old N200, N500 and N1,000 Naira notes from 31 January to 10 February.

Also, on Monday, the Department of State Security Service revealed that its operatives arrested some currency traders who have turned the sale of newly redesigned notes into brisk business.

The secret police also alleged that the perpetrators were working in cahoots with officials of commercial banks.

Meanwhile, the EFCC further noted that its findings revealed that some of the money traders are working with officials of Money Deposit Banks, adding that it’ll extend its operation to all major commercial centres across the country until all syndicates involved in the illegal trade are demobilized.

The anti-graft agency also urged financial market operators to ensure compliance with the guidelines set by  CBN.

It added, “The suspects have made useful statements, including a disclosure that they were acting in cohort with some unscrupulous officials of Money Deposit Banks.

“The commission will extend the operation to all the major commercial centres of the country until all the syndicates involved in the illegal trade are demobilized. Financial system operators are also warned to desist from the sharp practices or risk arrest and prosecution.

“Zonal Commanders of the EFCC also met with officials of various banks in their commands in an effort to ascertain the volume of the new notes issued to the commercial banks and how the banks were dispensing the monies to their customers.

“The commanders urged the financial market operators to ensure compliance with the guidelines set by the Central Bank of Nigeria while disclosing that they have dispatched operatives across their Commands to monitor the level of compliance by banks and other operators in the financial market.”

Crime

UNN lecturer caught pants down inside office with student

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A lecturer of University of Nigeria Nsukka, UNN, has been caught pants down inside his office with a female student.

The man whose name is yet to be ascertained by newsmen is said to be a lecturer in the School of General Studies of the institution.

The victim is alleged to be someone’s wife.

A voice in the viral video said: “We have been following this case from day one. As you can see we have all the chats, voice notes, videos and everything.”

Commenting under the video, a student identified the man in the video, claiming he taught him Peace and Conflict, a course under General Studies, during his time in UNN.

He said: “That is my lecturer in UNN, he taught us Peace and Conflict under GS in my time. We called him or rather, he called himself “The Short Man.” He was very strict with us in class. It’s unfortunate that he was involved in this.”

Another source said: “When he wants to sleep with someone’s wife? Well, it was planned by her husband, UNN security with some students. Even when the lady offered him money he refused. Well, with this, if he still remains, he will never try that again”.

When contacted to speak on the matter, the Public Relations Officer of the institution said he was yet to see the video.

He said he would investigate to find out if it’s true.

Meanwhile, a lecturer, who sought to remain anonymous identified the location of where the incident happened as a GS building. He, however, said he couldn’t disclose the name of the man in the video.

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Crime

Justice served: Two defendants await sentence for motorcycle theft

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In a recent case brought before the Magistrates’ Court in Kafanchan, Kaduna State, the wheels of justice turned decisively as two individuals, John Simon and Yusuf Nikie, found themselves facing the weight of the law for their involvement in the theft of a motorcycle. Their guilty pleas echoed through the courtroom, leading Magistrate Michael Bawa to order their remand in a correctional facility pending further proceedings, with the final judgment slated for May 2.

Simon and Nikie stood accused by the Nigeria Security and Civil Defence Corps, charged on two counts: conspiracy and theft. The narrative unfolded as Prosecutor Marcus Audu presented the facts to the court. According to Audu, the saga began when Tanko Umaru, the aggrieved party, filed a report at the corps’ office in Kafanchan on April 13, detailing the disturbing incident.

The prosecution outlined the sequence of events, alleging that the defendants brazenly entered Umaru’s residence in Bakin Kogi and absconded with his prized possession—an emblem of mobility and livelihood—a Bajaj motorcycle. Yet, their scheme was thwarted as the long arm of the law swiftly intervened. The diligent efforts of law enforcement culminated in the apprehension of Simon and Nikie during the investigative process, with the stolen motorcycle discovered in their possession, serving as damning evidence against them.

The gravity of their actions was underscored by the legal framework within which they operated. Audu emphasized that Simon and Nikie had transgressed against the provisions outlined in Sections 58 and 270 of the Kaduna State Penal Code Law, reflecting the severity of their offenses under the jurisdiction of the court.

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Lagos trader jailed 5 years for receiving N2.19m stolen property

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An Ikeja Magistrates’ Court on Monday sentenced a 22-year-old trader, Mohammed Abdulhamid, to five years imprisonment for receiving stolen property worth N2.19 million.

The convict who resides in Ayobo area, Lagos, had pleaded guilty to the two-count charge of conspiracy and receiving stolen property.

The Magistrate, Mrs O. O. Fagbohun, sentenced the convict to Kirikiri Correctional Centre without an option of fine.

Fagbohun noted that the sentence would serve as a deterrent to others.

Earlier, the Prosecutor, Insp. Felicia Okwori, told the court that the offences were committed between June  2023 at 56, Captain Davies Road, Ayobo, Lagos.

Okwori said the convict received stolen property from one Mohammed Awalu, security guard to the complainant, Mrs Omolola Idowu.

She disclosed that Awalu is currently serving his jail term on the same offences.

She added that the convict and others still at large stole the complainant’s property when she travelled.

The prosecutor listed the stolen property to include two gates valued at N540,000, window protectors worth N870,000 and a power generator worth N300,000.

She listed other stolen items as ceiling fan worth N25,000, gas cooker N375,000, and a pumping machine valued at N85,000, all totalling N2.19 million.

According to the prosecutor, the offences contravene Sections 328 and 411 of the Criminal Law of Lagos State, 2015

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