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A F.C.T High Court on Wednesday granted bail to former National Security Adviser (NSA) Col. Sambo Dasuki (Rtd) during his re-arraignment on allegation of $2.1bn arms fund diversion. The former security chief was docked on 32 counts amended charges along with Aminu Baba Kusa, Acacia Holdings Limited and Reliance Referral Hospital.

The four defendants, however, pleaded not guilty to all the 32-count charge.  Apart from the dropping of former Director of Finance and Supply in the Office of the NSA, Salisu Shuaib from the amended charge list, the charges were almost the same with the old 18 count charges brought against the defendants by the federal government in 2015.

Shortly after taking the plea of the defendants, the issue of bail was raised and Counsel to Dasuki, Adeola Adedekpe, pleaded with the court to grant the defendants bail in liberal terms in view of the fact that the defendants have been attending trial since 2015.

Counsel to the federal government, Oluwaleke Atolagbe did not oppose the bail application.

The trial Judge, Justice Hussein Baba Yusuf, however, ordered that Dasuki and other defendants be allowed to continue to enjoy the bail he granted them in 2015 when they were first arraigned before his court.

It will be recalled that, although other defendants were allowed to enjoy the earlier bail, Col. Dasuki, was however, re-arrested in 2015 at the Kuje Prison shortly after perfecting his bail conditions and has since been kept in the custody of the Department of State Services (DSS).

Meanwhile, Justice Baba Yusuf has fixed July 3 and 5 for the trial of the defendants in the new charges.

The federal government had on April 30, filled the new 32 amended count charges to replace the initial 18 count charges brought against 5 defendants in 2015 before the same court.

Among top Nigerians alleged by the federal government to have collected money from the former NSA are the current National Chairman of PDP, Prince Uche Secondus, former Chairman Board of Trustee PDP, Chief Tony Anenih; former PDP Spokesperson, Chief Olisa Metuh; Publisher of Thisday, Nduka Obaigbena, Senator Iyorchia Ayu, Chairman AIT Dr. Raymond Dokpesi, Mouftah Baba-Ahmed, Bello Abba Mohammed, Dr. Bello Mohammed, AVM M. N Umar, Otunba Jonah Ogunniyi among others.

Apart from individuals, corporate organizations were also named as beneficiaries in the new charges and they include AMP Solar Service, Afro-Arab Investment, Bam Project and Projecties Limited, Bob Oshodin Organization Limited, WEHSAC Farms Limited, Wehsac Limited, Dimaris Mode Coolture Limited, First ARALAC Global Limited, Stellavera Development Limited, Jawaz Multi-purpose Venture Limited, Little Italy Global Services Limited, Belsha Nigeria Ltd and Syvan McNamara Limited among others.

BIG STORY

Polaris Bank Takes Over Skye Bank, CBN Assures Depositors Of Cash Safety

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Following the withdrawal of the operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN), in consultation with the Nigerian Deposit Insurance Corporation (NDIC), has established a bridge bank known as Polaris Bank, to assume the assets and liabilities of the defunct bank.

CBN Governor, Mr. Godwin Emefiele, who disclosed this on Friday, said the strategy was for the Asset Management Company of Nigeria (AMCON) to capitalise the bridge bank and begin the process of sourcing investors to buy out AMCON.

“By this decision, the licence of the defunct Skye Bank is hereby revoked.

We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to enable customers to transact their businesses seamlessly.

“Thus, all customers of Skye Bank shall be automatic customers of the new bank and their accounts and records duly purchased by Polaris Bank,” Emefiele explained.

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BIG STORY

BREAKING: CBN Revokes Skye Bank’s Operational Licence

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The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank, The Cable reports.

Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday.

More details will be provided shortly…

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BIG STORY

Osun Guber: Don’t Kill Yourselves Over Who Becomes Governor, Only God Gives Power — Ooni Of Ife

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The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has warned youths against political violence before, during and after the Osun gubernatorial election coming up on Saturday.

Oba Ogunwusi gave the warning during the courtesy visit of the Social Democratic Party (SDP) gubernatorial candidate, Sen. Iyiola Omisore to his Palace, on Thursday, in Ile-Ife.

He said: “It is only Almighty Allah that has the power to elevate whoever He wants to the post. For He is in Heaven doing what pleases Him”.

According to him, people don’t need to fight each other over getting to a post, but should rather allow God’s will to come into perfection.

The royal father, therefore, appealed to all and sundry to maintain peaceful coexistence in the forthcoming election, saying there is no gain in blood shedding.

Earlier, Omisore lauded the Ooni for his fatherly role and for supporting his aspirations to rule the state.

Omisore also thanked Ife and Osun indigenes, for rallying around him in his campaign and appealed to all and sundry to support him by casting their votes for him during the election.

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