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BREAKING: Lagos Govt. Clears Dowen College Students, Staff Of Sylvester’s Death, Orders Release of Suspects [Official Statement]

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The Lagos State Government has exonerated the five students and five employees of Dowen College linked to the death of a 12-year-old student, Sylvester Oromoni, in the state.

Also cleared by the government from being responsible for the death of the young boy, a nephew to Delta state deputy governor, Kingsley Otuaro, was the management and school building in Lekki.

The students cleared by the state government were: 16-year-old Favour Benjamin, Edward Begue (16), Ansel Temile (14) and Kenneth Inyang (15) and 15-year-old Micheal Kashamu, the son of the late senator, Buruji Kashamu.

They were also cleared by the government of belonging in any unlawful society including secret cult, due to insufficient facts to establish the offence.

Staff cleared by the government through the Director of Public Prosecution (DPP), were: Celina Uduak, Valentine Igboekweze, Hammed Ayomo Bariyu, Adesanya Olusesan Olusegun and one Adeyemi.

They were set-free of the offence of Negligent Act Causing Harm contrary to section 252 of the Criminal Law Ch. C17, Vol.3, Laws of Lagos State 2015.

The DPP, in a document containing the legal advice to the Deputy Commissioner of Police, State Criminal Investigation Department, SCID and the trial magistrate, Magistrate Olatunbosun Adeola, claimed that the 10 suspects were not responsible for the boy’s death.

In the advice signed by signed Adetutu Oshinusi, it was stated that the case of Oromoni junior was not murdered nor was the student poisoned.

According to the advice, the interim and final autopsy reports issued by the Lagos State University Teaching Hospital and toxicology report of postMortem samples and that of the Central Hospital, Warri were in agreement as to the cause of death namely: Septicaemia, Lobar Pneumonia with Acute Pyelonephritis, Pyomyositis of the right ankle and Acute Bacteria Pneumonia due to severe Sepsis.

The DPP advice further stated that the result of the toxicology was also not indicative of any toxic or poisonous substance in the body of the deceased.

The DPP’s legal advice, therefore, concluded that based on these findings, there is no prima facie case of murder, involuntary manslaughter and or malicious administering of poison with intent to harm against the five students.

“From available facts in the duplicate case file, the investigation carried out by the Police did not reveal that any secret society name, tattoo or insignia of any unlawful society was found in the possession of any of the suspects during the investigation carried out by the Police.

“To hold otherwise would amount to sniffing for an offence and a speculative act which is not permitted in law. It is trite law that suspicion no matter how grave cannot be a ground for conviction”.

The state, therefore, directed that all the suspects should be released if they were still in the custody of the law enforcement agency in the state, according to the document obtained by Channels.

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BREAKING: EFCC Declares Yahaya Bello Wanted [PHOTO]

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Yahaya Bello, the former governor of Kogi state, has been declared wanted by the EFCC.

He reportedly evaded arrest yesterday when the commission visited his home to enforce arrest.

More to come…

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Hydrogen, CCHub Partner To Encourage Fintech Startup Success

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As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading fintech startup Hydrogen Payment Services Limited (‘Hydrogen’) has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed ‘Adapting Fintech Business Models to Economic Climates’.

The event is set to take place on Thursday, April 18, 2024, from 12:00 a.m. WAT at the CCHub office in Sabo, Lagos, will delve deep into the intricacies of Nigerian economic challenges and how these influence the fintech ecosystem. Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the fintech space amidst economic uncertainties. By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip
emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in the Nigerian fintech sector. By leveraging Hydrogen’s technological expertise alongside CcHU’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders. including Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen; and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in the Nigerian fintech landscape amidst economic challenges.

Interested attendees are encouraged to register here and reserve a spot.

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ECONOMY: CBN Not Using Foreign Reserves To Defend Naira — Olayemi Cardoso

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, asserts that the nation is not defending the value of the naira with its foreign reserves.

He made this known on Wednesday in Washington, DC, where he is attending the International Monetary Fund-World Bank Spring Meetings.

Cardoso said $600 million came into Nigeria’s reserves account within the last two days.

The naira has appreciated against the dollar in recent weeks, gaining over 40%, from about N1,900/$ to about N1,000/$1 now. But while the naira rebound, Nigeria’s foreign reserves are dwindling, dropping to about $32.29 billion on April 15 — the lowest level in over six years.

Cardoso said, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where for example, debt is due and certain payments need to be made because that is also part of keeping your credibility.

“Other times money comes in, it takes it up again. Between yesterday and today, about $600 million came into the reserves account. We are looking towards a market that operates by itself, willing buyers, willing sellers and price discovery.

“The shift in our reserves has really little or nothing to do with defending naira and that is certainly not our objective.”

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