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Alleged Terrorism Financing And Fraud: DSS Intensifies Investigation Of Emefiele

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The Department of State Services (DSS) has stepped up investigations with a view to arrest an.d prosecute the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over allegations of terrorism financing and fraud

This is even as the military is said to be providing soldiers to protect the CBN governor both at home and office in a bid to scuttle his arrest, an allegation the defence headquarters has denied.

Following its earlier unsuccessful attempt at arresting the apex bank governor, Daily Trust gathered that the secret police has renewed its investigations into multiple allegations with a view to arresting the embattled Emefiele for possible prosecution.

An online platform, Premium Times, recently published some of the exclusive details it got from court documents on the controversy around the trail for Emefiele, among them funding   “unknown gunmen” and members of the outlawed Indigenous People of Biafra (IPOB).

The federal government had proscribed IPOB, a separatist organisation that calls for secession and working for the establishment of Biafra republic.

Its members had killed hundreds of civilians and security operatives in the last few years and burnt symbols of authority like police and military formations, INEC offices, among others.

In the report by the online medium, Emefiele was also accused of sabotaging President Muhammadu Buhari’s administration, financing terrorism, aiding and abetting terrorism, and committing other economic crimes with the effect of undermining Nigeria’s national security.

It also accused the CBN governor of mismanaging the CBN subsidiary, NIRSAL, and the central bank’s Anchor Borrowers Programme.

The DSS alleged that Emefiele funded IPOB/ESN with both the resources he raised for his failed presidential bid last year and funds diverted from government coffers.

The secret government agency also accused Emefiele of “fraud, money laundering, round tripping and conferment of financial benefit to self and others.”

It said he mismanaged various interventionist funds of the government under his control and concluded that “investigation is still ongoing on a wider scale as other members of the syndicate chain need to be identified and arrested to enable successful prosecution.”

It was earlier reported that Emefiele had vied for the presidential ticket on the platform of the All Progressives Congress (APC) last year.

Efforts to get his reaction to the allegations labelled against him by the DSS were not successful as his office did not respond to enquiries.

However, the CBN governor had at the height of the controversy surrounding his political aspiration said that the presidential form and other logistics were bankrolled by his admirers and denied any wrongdoing.

He also approached the Federal High Court in Abuja to obtain an order affirming his right to jostle for the APC’s ticket. But the court on 9 May refused to grant Emefiele’s prayer.

It was gathered that the DSS is not relenting in unravelling all the suspicions around the CBN governor with a view to bringing him to book.

Emefiele, who has been governor since 2014, is the first person to serve two terms as the head of Nigeria’s apex bank in nearly 20 years. He was first appointed by former President Goodluck Jonathan in June 2014, after Sarah Alade served out the term of the suspended Lamido Sanusi.

DSS steps up investigation 

Although the secret police declined to officially comment on the matter, multiple insider sources told this paper in confidence that the CBN governor is still on the investigation radar of the DSS.

According to Daily Trust, the DSS was discreetly continuing with investigations into the multiple allegations against Emefiele.

The secret police is also said to be making an attempt at convincing President Buhari on the need to carry through with the investigations in view of the weighty nature of allegations against the CBN governor.

24-hour protection for Emefiele

While making efforts to arrest Emefiele, the CBN governor travelled out of the country as part of President Buhari’s entourage to the US-Africa Leaders’ Summit in Washington DC between December 13 and 15, 2022.

While Buhari returned to Abuja a day after the summit, the CBN governor remained abroad until January, 12, 2023, when he returned to the country.

According to Daily Trust, the Chief of Defence Staff deployed soldiers to provide security to Emefiele upon his return, and prevent him from being arrested by the DSS.

Although President Buhari was said not to have been informed as at the time the CDS provided the soldiers for Emefiele, a source said the president was only informed afterwards.

A senior DSS operative told Daily Trust in confidence that the soldiers provided by the CDS countermanded the DSS officials who went to arrest Emefiele at the Nnamdi Azikiwe International Airport, Abuja.

“Had we not stood down our officers, there could have been a shootout between our men and the soldiers who had cordoned off the area when the plane landed and escorted the CBN governor to his residence,” he said.

Security sources have also told Daily Trust that soldiers deployed by the CDS are still providing security cover for Emefiele both at his residence and his office.

“They are guarding his official residence and also escorting him to his office on a daily basis,” said a security source who wouldn’t want to be named due to the sensitive nature of the matter.

According Daily Trust, the Economic and Financial Crimes Commission (EFCC) had spearheaded the move to remove Emefiele following pressure from the ‘cabal in the presidency’.

However, the anti-graft agency was said to have backed down from the move after selling to him (Emefiele) the dummy on the controversial currency re-design.

Deployment a normal practice – Military

When contacted with the allegation that the military was still providing soldiers to protect Emefiele, the Acting Director, Defence Information, Brig.-Gen. Tukur Gusau, told Daily Trust that the military had always been deploying its personnel to man and secure critical assets across the country.

He said that such deployment was not about a personality or individual but the asset, which is beneficial to every Nigerian.

“What I know is that, we have deployment at the Central Bank of Nigeria and for other critical national assets. If you go to NNPC too, you will see our person.

“It is not only in Abuja here, we have such deployments, you will see that type of deployment in Lagos and other places where the critical national assets are located or situated,” Gusau said.

On his part, the spokesman for the DSS, Peter Afunanya, when contacted, declined to speak on the matter. He simply said:  “No comment.”

Background of prosecution

A team of four lawyers from the DSS legal department filed its case (ex parte motion) against Emefiele on 7 December, 2022, seeking permission to detain him for 60 days to conclude an ongoing investigation of his alleged atrocities.

However, on December 9 last year, a federal high court sitting in Abuja declined an application by the DSS to arrest and detain the CBN governor.

In declining the motion ex parte filed by the secret police, Justice J. T. Tsoho, the Chief Judge, said the DSS did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.

The court said such an application should have been accompanied with the presidential approval because of the grave implications for the Nigerian economy if the CBN governor was arrested and detained.

Meanwhile, about two weeks after Justice Tsoho gave his order, Emefiele got another reprieve from a separate court as the Federal Capital Territory High Court granted a request by a civil society organisation to prevent his arrest.

Justice Muslim Hassan of the FCT court had ruled that based on  Tsoho’s earlier ruling, “Any continuous harassment, intimidation, threats, restriction of movement, abuse of right of office, surreptitious moves to arrest, and humiliation” of  Emefiele, over “Trumped up allegations of terrorism financing and fraudulent practices” was illegal and unconstitutional.

The judge also restrained the DSS “From instigating the arrest or arresting, interrogating and detaining” Emefiele in respect of any matter or policy decision on the Nigerian economy “or for any connected purposes except by an order of a Superior Court.”

 

Credit: Daily Trust

BIG STORY

#MakeWeHalla Movement Shows It’s Time To Change Culture Of Silence Around Domestic Violence In Nigeria — Charles Inojie [PHOTOS]

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Nollywood actor and director Charles Inojie has opened up what inspired he and actor Ali Nuhu to create the #MakeWeHalla movement against domestic violence.

In a recent interview with Wazobia FM, Inojie noted that he wanted to use his platform to change the culture of silence around domestic violence, and he realized that the way to do it was to make noise.

“When we all keep quiet, the abuser, perpetrator of this act of abuse seems confident to do more. But when we speak up and against the abuse without being violent, it sends a signal to the perpetrator that he should desist.”

Inojie continued, “This evokes what prompted myself and Ali to decide to join our voices for this matter. We thought about it and arrived at the fact that we all are guilty if we continue to keep quiet, and watch domestic abuse happen around us. “Make We Halla” is actually a call to action to everybody around to say “if you see something that is bad, speak out and do not keep quiet.”

Ali Nuhu and Inojie recently teamed up in a viral video, “Make We Halla”, that has continued to make waves on social media. In the video, the two friends start banging on their plates in a restaurant in an attempt to call out the domestic violence they witness. Other patrons join in on the halla in a moving display of solidarity, and the violence stops.

The two film stars have gone a step further to start the #MakeWeHalla challenge that has seen celebrities like Wumi Toriola, Kiki Bakare, and Tosin Olaniyan, and many other fans jump on the #MakeWeHalla train and lend their voice.

Explaining the challenge during his interview, Inojie said, “We’ve been overwhelmed by how much support we’ve seen in this movement. It just shows how much we need this conversation. People have spoken up, shared their stories, and most importantly, committed to “Halla” whenever they see domestic violence.”

He continued, “The #MakeWeHalla challenge for everyone is very easy. Just go Tiktok or Instagram. Almost everybody is now on Tiktok, almost everybody is on Instagram. Take your phone. It’s easy. No rules, just halla your way. Anyhow, you deem fit to add your voice in raising awareness against domestic violence is welcome. Halla, talk am. Or if you feel like “I am someone that is shy’, you can go to the videos already uploaded -whether my own oo, or Ali’s own – you can duet. Just post with the hashtag #MakeWeHalla. And the beautiful thing is that joining in the challenge to create more awareness even gets you a reward. The best Halla video will collect brand new iphone 12..”

Going further, he said, “The hashtag is very important so that we can see the video. The hashtag is #MakeWeHalla. If you like, tag Ali or tag myself and for the prize we have, the middle of May will be the finale.”

When asked about his motivations for “Make We Halla”, Inojie also revealed how an incident he witnessed as a young man further changed his mindset about the need to always speak up when domestic violence is witnessed.

“By myself, as a little boy, I have seen one who, till today, lost one eye to domestic violence. That time, many of us could have done something in that same compound but we felt like we were concerned about it, because they are a couple and they will sort themselves out. So, all of those things are what we refer to as silent bystanders, passive. People just say “Wetin concern me?” or ignore and move on with their lives and in little time, major damage would have been caused. This has led to several innocent children losing their mothers and some becoming orphans. Hence, we say no to domestic violence, it shouldn’t thrive in our midst or our society. Let’s see a way, a movement to call people to action saying don’t keep quiet when you see domestic violence, no matter where it happens, no matter who it happens to, speak out but not in a violent way. Let’s Make We Halla!”, Inojie encouraged.

Links to #MakeWeHalla Challenge entries:

https://www.instagram.com/reel/C5bzgAhqf5w/?igsh=MXZ6Y2d0dmdjcHpwdg%3D%3D

@jire_ogunleye

#duet with @Joseph A. Momodu #MakeWeHalla #challenge Please join me as l join Uncle Charles to Halla against Domestic. I am also Halla-ing! Domestic violence is not good.

♬ original sound – Jire🖤

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BIG STORY

Canada Fines Binance $4.38m For Breach Of Money Laundering Laws

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Popular cryptocurrency platform Binance was fined “$6 million for violating the country’s money laundering and terrorist financing laws” by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

International media reports indicate that the fine is denominated in Canadian dollars, which, when converted, brings the total sum to USD4.38 million.

FINTRAC claimed in a recent post on its website that Binance had neglected to register with the organisation as a foreign money services provider.

The cryptocurrency company allegedly neglected to disclose significant virtual currency transactions totaling $10,000 or more, according to the anti-money laundering agency.

“FINTRAC announced today [Thursday] that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance,” the statement reads.

“This foreign money services business was imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.

“Binance Holdings Limited was found to have committed the following administrative violations: Failure to register with FINTRAC as a foreign money services business; and failure to report large virtual currency transactions of $10,000 or more in the course of a single transaction, together with the prescribed information.”

Commenting on the matter, Sarah Paquet, director and chief executive officer of FINTRAC, said the country’s anti-money laundering and anti-terrorist financing regime is in place to protect the safety of Canadians and the security of the nation’s economy.

“FINTRAC will continue to work with businesses to help them understand and comply with their obligations under the Act. We will also be firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed.”

Adjudged to be the largest cryptocurrency exchange by trading volume, Binance has been the subject of regulatory sanctions in some parts of the world.

On April 30, Changpeng Zhao, the founder of Binance, was sentenced to four months in prison for money laundering, unlicensed money transmitting and violations in Seattle, United States (US).

According to US officials, Zhao intentionally turned a blind eye to transactions that financed terrorism, the illegal drug trade, and child sex abuse.

Earlier in February, a federal judge in the US approved a plea deal by Binance, requiring the cryptocurrency exchange to pay over $4.3 billion in fines and reparations.

Binance is also under investigation for illicit operations and foreign exchange (FX) rate manipulation in Nigeria.

The firm, and two of its top officials, Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, the company’s head of financial crime compliance, were charged with tax evasion and money laundering by the federal government.

The duo were arrested and detained on February 28, but Anjarwalla escaped from custody in March.

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BIG STORY

Kitigbe O: Honouring Six Years of Oba Adeyemi Obalanlege’s Reign As Olota Of Otta-Awori Kingdom By Victor Ojelabi

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As the sun sets over the vibrant town of Otta, the air is filled with a sense of celebration and reverence. It marks the six-year anniversary of the coronation of His Majesty, Oba Professor Adeyemi Obalanlege, the esteemed Olota of Otta-Awori Kingdom.

Stepping into his reign, Oba Obalanlege brought with him not only the weight of tradition but also a distinguished background in academia and a fervent dedication to community service.

Born into the esteemed lineage of Prince Taiwo Hassan Obalanlege and Mrs. Mutiat Afolake Obalanlege (Nee Anjorin), Oba Adeyemi entered the world on August 28, 1966, in Mushin, Lagos State.

His educational journey began in AUD Primary School, Iganmode and led him to Ansar-ud-Deen College, Isolo, before culminating at Iganmode Grammar School in Otta. This foundation laid the groundwork for his illustrious academic career.

With a Higher National Diploma in Mass Communication from Ogun State Polytechnic and a Bachelor of Arts (Hons.) in Journalism from independent Colleges, UK, Oba Adeyemi’s thirst for knowledge propelled him further. He pursued postgraduate studies in Food Safety and Quality Management at Greenwich University, London, and attained a Master’s degree in Mass Communication from the University of Leicester. His quest for scholarly excellence reached its pinnacle with a Ph.D. in Communication Studies from the University of Antwerp in Belgium.

Oba Adeyemi’s academic prowess extended beyond the confines of the classroom, earning him recognition as a world-class scholar. His contributions to the field of Mass Communication, including publications in esteemed academic journals and presentations at conferences across Africa, Europe, and North America, solidified his reputation as a cerebral intellectual.

However, his journey was not confined to academia alone.

Oba Adeyemi’s foray into journalism began humbly as a reporter for The Mail newspaper, where he honed his skills under the mentorship of Prof Idowu Sobowale. His career trajectory led him to prominent roles, including Public Relations Officer at the Lagos State Polytechnic and positions at Thisday Newspaper, where he earned acclaim for his coverage of tourism and hospitality.

Even as his academic and professional pursuits flourished, Oba Adeyemi remained deeply rooted in community service.

His commitment to uplifting others led to his election as the Chairman of the Awori Obas Forum, Ogun State, and his involvement in Rotary Clubs, where he earned recognition as a Paul Harris Fellow.

In 2018, Oba Professor Adeyemi Abdulkabir Obalanlege was crowned the Olota of Otta, emerging as the preferred candidate after rigorous selection by the Ijemo Isoloshi Ruling House. Since then, he has led with wisdom and compassion, fostering unity and progress within the Awori Kingdom.

As the Royal Symbol of Awori Nation celebrates six years on the throne alongside his beloved wife, Olori Oloruntoyin Obalanlege, and their two accomplished sons, Mustapha and Tobi, the good people of Otta-Awori are satisfied about his legacy of scholarship, leadership, and service.

This is a testament to his unwavering commitment to the betterment of the kingdom and the preservation of Yoruba heritage.

May the reign of Lanlege Ekun II, Arole Iganmode Olofin continue to bring peace and tranquility to the entire Otta-Awori kingdom.

Kitigbe o! Omo Iganmode a f’ele ja, a f’ikoti y’oju egba, a fi ponpondo y’oju Ketu.

Happy 6th coronation anniversary, baba mi!

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