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CBN Demands Domiciliary Account Details Of Kesington Adebutu, Akin Alabi, Adekunle Soname,13 Others

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The Central Bank of Nigeria has ordered banks to provide the domiciliary account statements of some high profile customers and other accounts linked to the customers through the Bank Verification Number.

It disclosed this in a letter to all the banks with the number, ‘BSD/DIR/GEN/LAB/13/063, dated September 15, titled ‘Request for statement of accounts’, signed by the Director of Banking Supervision, CBN, Z. Marcus.

The Deposit Money Banks were ordered to send the details to five listed email addresses by the CBN after listing the names of 16 individuals in the letter.

Some of the individuals recently had their company’s bank accounts frozen over forex infractions.

The customers listed included Chief Kesington A. Adebutu; Adebisi A. Adebutu; Ajibola Bankole Adebutu; Olanipekun Orekoya Adebutu; and Olasegun Oladiran Adebutu. The Adebutus are directors of Premier Lotto.

The list also includes Adekunle O. Soname and Ayodeji Ojuroye, owners of Bet9ja.

Other names are Akinola Adekunle Alabi, founder of NairaBet, and member of the House of Representatives; Oluwadamilare Olubukola Alabi; Oluwafemi Babalola; and Adetayo Cosmas Adesanwo.

Some foreigners that do business in the country on the list are David Patrick Grogan; Domenico Giovando; Mauro Ripamonti; Charbel Jabbour Chidiac; and Byron Powell.

A number of the persons on the list are linked to the betting industry.

Attempts to speak with Akinola Alabi proved abortive as he neither responded to calls nor a text message on Wednesday.

A source expressed worry on the light that had been beamed on the members of Adebutu’s family.

The source said, “Apart from being directors of their father’s betting business, these men (the Adebutus) have their own businesses. I know one of them that is into the oil business.

“Their businesses have to do with forex; so, they cannot do without using forex.”

Part of the letter to the bank read, “You are required to furnish us with the domiciliary account statements (Excel and PDF format of the under-listed individuals including the domiciliary accounts linked to them by the Bank Verification Number.

“The statement should cover the period of January 1, 2013, to July 31, 2020.”

When contacted on the reason for the accounts, the CBN declined to make any comment.

However, it should be recalled that the CBN recently instructed banks to place a post-no-debit on the bank accounts of 38 companies.

It stated in a circular to the banks: “You are hereby required to place the under listed accounts on post-no-debit with immediate effect and revert with the account names, numbers, currencies, and balances of all accounts placed on PND.”

The affected accounts belonged to betting companies, bureau de change companies, and some logistics companies.

The report stated that the companies were accused of forex infractions, moving forex abroad without the required authorization, and economic sabotage.

BIG STORY

400 Sex Tapes: Equatorial Guinea’s Baltasar Remanded In Prison

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The former Director-General of the National Financial Investigation Agency in Equatorial Guinea, Baltasar Engonga, has been remanded in Malabo’s Black Beach Prison.

The embattled former anti-graft chief was arrested days ago for allegedly recording over 400 sex tapes involving the wives of prominent figures in the country.

This scandal surfaced during a fraud investigation into the 54-year-old economist, resulting in an impromptu search of his home and office by ANIF officials, who reportedly discovered several CDs that revealed his sexual encounters with different married women.

As the footage leaked online, causing a media uproar, Equatorial Guinea’s President, Obiang Nguema Mbasogo, dismissed Engonga.

According to Decree No. 118/2024, dated 4th November, the dismissal was due to “irregularities committed in the exercise of his functions, as well as inappropriate family and social conduct for the performance of public duties.”

A viral video surfaced on social media on Friday, showing Engonga handcuffed on both hands and legs during a court appearance.

Confirming the situation, French online blog Afrikmatin reported that Engonga, who was officially removed from his role on November 6, 2024, was subsequently chained and transferred to Malabo Central Prison. He faces charges of corruption and embezzlement.

Additionally, online newspaper UGStandard reported that the sex tapes began circulating on social networks while Engonga was already held at Malabo’s notorious Black Beach Prison on charges of embezzling public funds, as reported by state television, TVGE.

In a fact-checking report published Wednesday, Dubawa verified that Engonga had indeed been taken into custody on corruption charges and is currently being held in Black Beach Prison.

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BIG STORY

JAPA: Canada Tightens Visa Rules, Ends Automatic 10-Year Multiple-Entry Visas

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Canada will no longer automatically grant 10-year multiple-entry visas to tourists, according to new guidelines issued by Immigration, Refugees and Citizenship Canada.

This decision marks a shift from the previous practice where eligible visitors were routinely issued long-term visas, permitting multiple entries over a decade.

Under the revised rules, immigration officers now have discretion to issue visas with shorter durations based on individual assessments.

Instead of a default extended validity period, each application will be evaluated on a case-by-case basis.

Officers can decide whether to grant a single-entry or multiple-entry visa and determine its duration, moving away from the automatic issuance of maximum-validity multiple-entry visas.

“Guidance has been updated to indicate that multiple-entry visas issued to maximum validity are no longer considered to be the standard document. Officers may exercise their judgement in deciding whether to issue a single or multiple-entry visa and in determining the validity period,” said the IRCC.

The IRCC explained that this change is part of a broader strategy aimed at managing temporary immigration levels while addressing ongoing challenges such as housing shortages and rising living costs.

The policy adjustment reflects the Canadian government’s efforts to adapt its immigration approach in response to economic and infrastructure pressures.

Previously, Canada offered two types of tourist visas: multiple-entry and single-entry. Applicants were generally considered for the multiple-entry visa, which allowed them to visit the country multiple times over a period of up to 10 years or until one month before their passport’s expiration date.

Single-entry visas, issued for specific situations like official visits or participation in single events, were less common.

Now, with the updated guidance, maximum-validity multiple-entry visas will no longer be the standard offering.

Immigration officers will exercise their judgement to decide on the appropriate type and duration of the visa, tailoring it to the specific needs and circumstances of the traveller.

The application fee for a Canadian visitor visa remains unchanged at CAD 100 per person, with no difference in cost between single-entry and multiple-entry options.

However, the shift may result in increased application costs for frequent travellers, who might need to apply more often due to shorter-term visas.

This policy change is part of a wider effort to balance immigration levels with Canada’s current infrastructure capabilities.

Other measures announced include a reduction in the target for permanent resident admissions, which will drop from 500,000 in 2025 to 395,000, with further decreases planned for 2026 and 2027.

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MC Oluomo Elected NURTW National President

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Former Chairman of the National Union of Road Transport Workers, Lagos State Chapter, Mr. Musiliu Akinsanya, popularly known as “MC Oluomo,” was elected the new National President of the Union on Saturday.

Akinsanya was the sole candidate in the election, which took place at the Union’s Zonal Secretariat along the Osogbo/Ikirun road.

Delegates from the four Southwest states of Lagos, Ogun, Ondo, and Ekiti participated in the election.

The election, held during the Union’s Quadrennial Delegate Conference, was monitored and observed by the acting National President of the group, Aliyu Issa-Ore.

Issa-Ore, addressing the gathering, explained that the Union’s Constitution stipulates that the zone permitted to fill the national president’s position would elect its preferred candidate and present them to the national body.

The acting NURTW President, represented by Mrs. Adedamola Salam, Head of Finance at the National Headquarters in Abuja, added, “The Southwest zone has fully complied with the Constitution in electing Oluomo as President.

The delegates also elected Tajudeen Agbede as Vice President, Southwest, while Akeem Adeosun was chosen as Trustee from the Zone.

Shortly after taking the oath of office, Akinsanya, surrounded by associates and family members, called for peace and pledged to work towards unity among members.

He further stated, “I have forgiven everyone who has offended me, and I hope those I have offended will forgive me as well.

“This is our union, and we must be committed to preserving it. We will not allow anyone to destroy our means of livelihood.”

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