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BREAKING: Lagos To Release White Paper On Panel Report Today —— Sanwo-Olu

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Lagos State Governor, Babajide Sanwo-Olu, says the government will release its White Paper on the report submitted by the EndSARS Judicial Panel of Inquiry on November 15, 2021.

The governor in a speech on Tuesday on the Lekki shootings of October 20, 2020, said, “As an administration, are determined that the next steps that will be taken in this process of coming to terms with the events of October 2020, must bring closure to a painful episode in the history of our state, with the release of the White Paper later today.”

A White Paper is an administrative medium for conveying the decision or position of the government on the report of an administrative or judicial inquiry.

Following the controversy that trailed the shootings of protesters on October 20, 2020, Sanwo-Olu had inaugurated the judicial panel to uncover the truth and the liars about the incident.

After one year of taking testimonies, receiving evidence, and awarding compensations, the eight-man Lagos EndSARS panel submitted a 309-page report on Monday, November 15, 2021, with shocking revelations which indicted members of the Nigerian Army and the Nigeria Police Force.

In a leaked report, the Justice Doris Okuwobi-led panel, which has been hugely vilified and blackmailed in the last 14 days, described the Lekki tollgate incident as a massacre in context, claiming that at least nine persons were killed by security agents when they stormed the Lekki toll gate on October 20, 2020, to disperse the defiant youths protesting against police brutality and extrajudicial killings.

The panel listed 48 names as casualties out of which 22 protesters sustained gunshot injuries, while 15 others were assaulted by soldiers and the police.

It listed the names of the deceased as Victor Sunday Ibanga, Abuta Solomon, Jide, Olalekan Abideen Ashafa, Olamilekan Ajasa, Kolade Salami, Folorunsho Olabisi, Kenechukwu Ugoh, and Nathaniel Solomon. The report also listed Abiodun Adesanya, Ifeanyi Nicholas Eji, Tola, and Wisdom as “presumed dead.”

It stated, “The atrocious maiming and killing of unarmed, helpless and unresisting protesters while sitting on the floor and waving their Nigerian flags and while singing the National Anthem can be equated to a ‘massacre’ in context.”

The President, Major General Muhammadu Buhari (retd.), on November 18, 2021, had told United States Secretary of State, Antony Blinken, who was recently on an official visit to Nigeria that the Federal Government was waiting on Lagos State and other state governments to come up with their conclusions.

However, days later, Minister of Information and Culture, Lai Mohammed; and Minister of State for Labour and Employment, Festus Keyamo; rubbished the Lagos panel as illegal and its findings as “tales by moonlight”.

But speaking on Tuesday, Sanwo-Olu said his administration has “sincere commitment to uncovering the truth” about the Lekki shootings of October 20, 2020, adding that “no member of the panel can claim that the state government made any attempt to influence them in any way throughout the duration of its sitting.”

“While I commend the panel for undertaking its task to the best of its abilities, it is however regrettable that the panel’s work and the leakage of an unauthorized version of the report have generated much tension. Sadly, a deep wound has been reopened.

“The heated exchanges among various shades of opinion on the report have unfortunately put us all at the risk of missing the larger picture; the fact that what we all seek in common is a land in which we are all safe and secure, law enforcement agents are trusted, and justice is guaranteed for all.

“As I have stated earlier, we have no intention to engage in histrionics or further inflame passion on a matter that has generated intense interest and controversy nationally and internationally. Our decisions and actions will be based entirely on the law, the weight of evidence, and unblemished respect for the truth,” the governor added.

He also invited some known faces of the EndSARS protest to a peace walk for “the healing of Lagos”.

Specifically, the governor invited Folarin Falana (Falz), Debo Adebayo (Mr. Marcaroni), Dele Farotimi, Temitope Majekodunmi, Segun Awosanya (Segalinks), Adedotun (Just Detoun), Seun Kuti, Commissioner of Police, Hakeem Odumosu and Commander of Rapid Response Squad (RRS), CSP Yinka Egbeyemi and others to join him in the “historic march for our dear Lagos.”

BIG STORY

JUST IN: CBN Increases Banks Capital Base To N500bn, N200bn For National Commercial Banks

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The capital basis for commercial banks with international permission has been raised to N500 billion by the Central Bank of Nigeria (CBN).

The policy change was confirmed by Mrs. Hakama Sidi Ali, CBN’s acting director of corporate communications. in a declaration.

She added that commercial banks with regional authorization are expected to reach a capital floor of N50 billion, while those with national authority must meet a ceiling of N200 billion.

Announced on Thursday, March 28, 2024, this comprehensive financial reform requires significant increases in banks’ minimum capital bases, which vary depending on the size of the bank.

The latest policy directive specifies that commercial banks with international authorization are now required to shore up their capital base to N500 billion.

In a bid to tighten the financial fabric, the CBN has not overlooked merchant banks, which are now subject to a N50 billion minimum capital requirement.

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Detained Binance Executive Gambaryan Drags EFCC, NSA To Court

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Tigran Gambaryan, the CEO of Binance who is currently in detention, has claimed that he has been violated in his fundamental human rights by the Economic Financial Crimes Commission and Nuhu Ribadu, the National Security Adviser.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

He also urged the court to order the respondents to issue a public apology to him.

Gambaryan averred that he was in Nigeria alongside fleeing Nadeem Anjarwalla to honour the invitation of the ONSA and EFCC to discuss issues relating to Binance in Nigeria.

Anjarwalla escaped from the guest house where he and Gambaryan were being held

He argued that he had not committed any offence during the meeting, and neither was he informed in writing of any offence he personally committed in Nigeria at any other time.

“The only reason for his detention is because the government is requesting information from Binance and making demands on the company,” he added.

The fleeing Anjarwalla also filed a similar suit, marked: FHC/ABJ/CS/355/24.

At the proceedings on Thursday, T.J. Krukrubo (SAN) appeared for the plaintiffs, while the respondents had no representation.

Krukrubo informed the court that the respondents were served two days ago.

Shortly after that, he announced to the court that he was withdrawing from the matter as counsel for the fleeing Anjarwalla.

He did not give reasons for his withdrawal.

The trial judge, Justice Inyang Ekwo, adjourned the matter till April 8.

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Federal Government To Arraign Binance Executives Over ‘Tax Evasion’ On April 4

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On April 4, the federal authorities will file charges against senior executives of the cryptocurrency company Binance, Tigran Gambaryan, and Nadeem Anjarwalla, for allegedly engaging in “tax evasion.”

Anjarwalla is Binance’s regional manager for Africa, while Gambaryan oversees the company’s compliance with financial crimes.

The Federal Inland Revenue Service (FIRS) charged Binance with a crime on March 25th for “tax evasion.”

The service claims that the action is intended to maintain national economic integrity and fiscal discipline.

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, is said to “implicate Binance with a four-count tax evasion accusation”.

However, on Thursday, NAN reported the federal government will charge the three defendants before Emeka Nwite, the presiding judge, at the federal high court (FHC) in Abuja on a four-count charge.

Despite not being a vacation judge, according to the report, the chief judge granted the fiat for the judge to oversee the case during vacation because it is a matter of critical national interest.

The lawsuit comes a month after Anjarwalla and Gambaryan were detained by the Nigerian authorities.

Anjarwalla and Gambaryan had flown into Nigeria but had their passports seized by ONSA.

On March 12, Anjarwalla was transferred to a local hospital after he fell ill while in detention in Nigeria.

However, on March 25, Anjarwalla escaped from custody and fled Nigeria with a smuggled passport.

Meanwhile, Gambaryan, on March 28, sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC), alleging violation of his fundamental rights.

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