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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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War: We will reconsider nuclear doctrine – Iran threatens Israel

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Iran on Thursday threatened to “reconsider” its nuclear doctrine if Israel attempts to attack any of its nuclear facilities amid heightened tensions between the duo.

Brigadier General Ahmed Haqtalab, the Commander of the Islamic Revolutionary Guard Corps (IRGC) in charge of the protection of nuclear centres, said Iran would respond if Israel threatened the country’s nuclear facilities.

The warning comes amid speculations that Tel Aviv is mulling a military response to IRGC’s unprecedented direct attack on multiple positions in Israel on Saturday that involved hundreds of missiles and drones.

Tehran said the attack was in response to the April 1 attack on the Iranian Consulate in Damascus that killed seven Iranian military officers, including two top-ranking IRGC commanders for Syria and Lebanon.

Israeli officials have warned of retaliation despite many Western countries urging restraint and de-escalation of tensions.

Haqtalab said if Israel takes action against Iranian nuclear facilities and centres, it will “definitely face response” in the form of attacks on Israeli nuclear centres.

He said: “The threat of the Zionist regime against Iran’s nuclear facilities makes it possible to revise and deviate from the declared nuclear policies and considerations.”

Haqtalab noted that based on international protocols and regulations defined by the International Atomic Energy Agency (IAEA), all countries are obliged to refrain from attacking nuclear facilities, but Iran is “prepared to deal with all threats.”

The IRGC commander said Iran has the “necessary information” to identify nuclear targets in Israel and “hands are on the trigger” if the need arises.

He accused Israel of “violating all international laws and regulations” by carrying out an attack on Iran’s diplomatic mission in the Syrian capital, calling it a “criminal act.”

Iran’s Foreign Minister Hossein Amir-Abdollahian, who landed in New York for a UN Security Council meeting on full Palestinian membership on Thursday, has also warned of a “strong response” in his conversations with foreign counterparts in recent days.

His Deputy and Iran’s lead nuclear negotiator, Ali Bagheri Kani, on Monday said any fresh military action by Israel against Iran will see a response “within seconds.”

“In the event of another mistake (by Israel), they must expect a response that is more swift and strong,” he asserted.

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Nigerian govt conducts price enforcement in Abuja supermarkets

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The Federal Competition and Consumer Protection Commission, FCCPC, has initiated a campaign to enforce price display and quantity compliance at supermarkets throughout Abuja.

The Commission started this at 4U Supermarket, Wuse 2 Abuja on Thursday.

This move, it said, is a direct response to concerns raised by consumers about the rising costs of goods, which go against the recent strengthening of the naira.

The Commission said price discrepancies remain a significant issue.

It stressed that consumers have the right to be informed of the prices of items they intend to purchase.

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US, UK announce sanctions on Iran’s drone program

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The United States, US, and the United Kingdom, UK, on Thursday announced widespread sanctions against Iran’s military drone program in response to its weekend attack against Israel.

Referring to Iran’s unmanned aerial vehicle program, the Treasury Department, in a statement, said Washington is targeting “16 individuals and two entities enabling Iran’s UAV production, including engine types that power Iran’s Shahed variant UAVs, which were used in the April 13 attack”.

The UK is also imposing sanctions “targeting several Iranian military organizations, individuals and entities involved in Iran’s UAV and ballistic missile industries,” the Treasury Department said.

Tehran launched its first-ever direct military attack on Israel late Saturday in retaliation for an April 1 air strike on the Iranian consulate in Damascus — widely blamed on Israel — that killed seven members of the Islamic Revolutionary Guard Corps, including two generals.

The large-scale attack involved more than 300 drones and missiles, most of which were shot down by Israel and its allies including the US and the UK, causing little damage.

In response to the attacks, Israel’s prime minister, Benjamin Netanyahu, said Israel reserves the right to protect itself.

“Today, in coordination with the United Kingdom and consultation with partners and allies, we are taking swift and decisive action to respond to Iran’s unprecedented attack on Israel.

“We’re using the Treasury’s economic tools to degrade and disrupt key aspects of Iran’s malign activity, including its UAV program and the revenue the regime generates to support its terrorism.

“We will continue to deploy our sanctions authority to counter Iran with further actions in the days and weeks ahead,” US Treasury Secretary Janet Yellen said in a statement.

Alongside its sanctions against Iran’s UAV program, the US is also sanctioning five companies providing parts for Iran’s steel industry.

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