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Fani-Kayode In EFCC Custody Again Over Amended 17-Count Fraud Charge

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Femi Fani-Kayode, the former Minister of Aviation, has been re-arrested by the Economic and Financial Crimes Commission (EFCC) on a 17-count fraud allegation.

On charges of conspiracy and unlawful retention of funds, the former minister was re-arrested yesterday alongside Nenadi Usman, a former minister of state for finance; Danjuma Yusuf, a former national chairman of the Association of Local Government of Nigeria (ALGON); and a company, Joint-Trust Dimensions Nigeria Limited.

The defendants pleaded not guilty.

In view of their pleas, the prosecution counsel, Rotimi Oyedepo, asked the court for a trial date.

Upon their plea, Ferdinand Orbih, counsel to the first defendant (Usman), prayed the court to allow the defendants to continue on the bail terms previously granted them by the court.

Although Oyedepo, EFCC counsel, did not oppose the applications of the first and third defendants on the grounds that they have never breached their previous bail conditions, however, opposed Fani-Kayode’s bail application.

He drew the court’s attention to allegations that the former minister had forged medical records to delay the trial.

Norrison Quakers, Fani-Kayode’s counsel, however, argued that his client “is not a flight risk and has not breached the terms of his bail condition”.

In his ruling, Daniel Osiagor, the judge, granted the prayers of the defense and held that the defendants should enjoy the existing bail.

The matter was adjourned till March 17 for trial.

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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