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Buhari Begs National Assembly To Speedily Pass Money Laundry Bill.

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Buhari Budget

President Muhammadu Buhari has appealed to the National Assembly members to ensure the speedy passage of five Executive bill before it to help his anti-corruption war.

The bills are the Money ‎Laundering and Prevention Bill of 2016‎, Bills for Acts for domestication of agreements for avoidance of double taxation between Nigeria and South Korea, Spain and Sweden respectively, Mutual legal Assistance in Criminal Matters Bill, 2016 the Federal Capital Territory Appropriation Bill, 2016 and Statutory Budget of Niger Delta Development Commission (NDDC)‎, 2016.

He made the appeal while hosting the members of the federal legislature and some chieftains of the All Progressives Congress, APC at the presidential villa, Abuja on Monday night to a dinner to mark the 2016 democracy day and his one year in office.

The president who was particular about the Federal Capital Territory Appropriation Bill, 2016 and Statutory Budget of Niger Delta Development Commission (NDDC)‎, 2016, stated that the bodies would be financially handicapped to execute their project and run the affairs of their offices if their budget was not passed.

While pledging to uphold the principles of separation of powers, President Buhari also expressed gratitude to the lawmakers for passing the 2016 budget.

He said: “This is first, to mark the 2016 Democracy Day and further to appreciate the National Assembly leadership, membership and management for the great work they have done in considering and approving as thought fit several bills and measures submitted by the executive and those bills originated by the legislature which have enabled the government function according to law.

“Let me again appreciate the work of the National Assembly for the painstaking and consensual work they did with the Executive to deliver the 2016 Appropriation Act.

“It is on record that this is one rare occasion where the Appropriation Act was assented to with the schedule i.e the details. This is a good start in our journey of change.

“I seize this opportunity to please draw attention to the under listed bills which have been submitted to the National Assembly and appeal for accelerated consideration and passage.

“The bills include Bills for Acts of domestication of agreements for avoidance of double taxation between Nigeria and South Korea, Spain and Sweden respectively; Federal Capital Territory Appropriation Bill 2016; Money Laundering (Prevention and Prohibition) Bill 2016; Mutual Legal Assistance in Criminal Matters Bill 2016; and the Statutory Budget of the Niger Delta Development Commission 2016.

“I am conscious that on June 9, 2016, the National Assembly will complete one legislative year.

“May I appeal to you to consider and pass these submitted bills, particularly the statutory budget of the FCT, the NDDC Budget and the budget of statutory corporations.

“These bodies cannot execute their statutory mandate nor incur expenditure for the year unless their budgets are approved by the National Assembly.

“I hereby re-state the commitment of this administration to observe the principles of separation of powers which defines and delineates the functions and powers of each arm of government.

“Thus far, we in the executive have restricted ourselves to our constitutional roles. Therefore I, as the President, and we as the Executive arm of government will not interfere in the functions, functioning and process of the Legislature nor the Judiciary.

“In the same vein, I urge other arms of government to please appraise and ensure that each action conceived and taken by it is in strict accord with its constitutionally limited powers.

“I urge you as legislators and the legislature to take out time and communicate with your constituents and other Nigerians the policies of the government which are based on laws approved by the National Assembly.”

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NDPC Fines MultiChoice N766m For ‘Violating Privacy Of Subscribers’

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The Nigeria Data Protection Commission (NDPC) has imposed a fine of N766.24 million on MultiChoice Nigeria, the parent company of DStv and GOtv, for “violating the privacy of subscribers and their friends”.

In a statement on Sunday signed by Babatunde Bamigboye, head of legal, enforcement and regulations at NDPC, the commission explained that the sanction followed an investigation launched in the second quarter of 2024.

NDPC said MultiChoice was found to have breached the Nigeria Data Protection (NDP) Act after an inquiry into alleged violations of the privacy rights of its subscribers and the illegal cross-border transfer of personal data belonging to Nigerians.

“NDPC found, among others, that Multichoice violated the data privacy rights of subscribers and their friends who are not necessarily subscribers,” the commission stated.

“The Commission also found that Multichoice carries out illegal cross-border transfer of personal data relating to data subjects in Nigeria.

“The depth of data processing by Multichoice is patently intrusive, unfair, unnecessary and disproportionate. This is a grave affront to fundamental right to privacy as enshrined in section 37 of the 1999 Constitution of the Federal Republic of Nigeria.

“Nigeria is entitled to protect her citizens, and data sovereignty under both international and extant municipal laws – as these have far-reaching implication for rule of law, national security and economic growth.

“In line with its standard remediation procedure, the Commission directed Multichoice to carry out appropriate remedial measures. However, the Commission found the measures undertaken by Multichoice in this regard unsatisfactory.

“For want of cooperation, the Commission has directed Multichoice to pay N766,242,500 for violating the Nigeria Data Protection Act.”

NDPC also stated that Vincent Olatunji, the national commissioner of the agency, has directed that every outlet through which MultiChoice collects Nigerians’ personal data be investigated for possible non-compliance.

Olatunji emphasized that any outlet processing personal data in violation of the NDP Act would be subject to a penalty as stipulated by the Act.

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US Court Jails Nigerian Pastor Over $4.2million COVID-19 Fraud As Monarch Forfeits Properties

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They appeared before Justice Christopher Boyko at the US District Court of Ohio.

A Nigerian pastor, Edward Oluwasanmi, has been sentenced by a United States District Court to 27 months in prison for defrauding the COVID-19 relief fund.

His associate, the Apetu of Ipetumodu, Oba Joseph Oloyede, forfeited his property to the US government while awaiting a court ruling set for August 1.

Oluwasanmi and Oba Oloyede were arrested in early 2024 for fraudulently obtaining $4.2 million in COVID-19 relief funds.

They were charged with 13 counts, including conspiracy to commit wire fraud, wire fraud, conspiracy to defraud, money laundering, and engaging in monetary transactions involving criminal proceeds.

They were brought before Justice Christopher Boyko at the US District Court of Ohio.

Reports indicated both men pleaded guilty to some of the charges under a plea agreement.

According to court documents, Judge Boyko sentenced Oluwasanmi on Wednesday, July 2, to 27 months on counts one, 11, and 12 of the indictment.

The sentences will run concurrently.

The court also ordered Oluwasanmi to pay a $15,000 fine and report to the U.S. Marshal Service.

The court stated, “Supervised release three years on each of counts 1 and 11-12, all such terms to run concurrently, with standard and special conditions.”

It also declared, “As a result of the foregoing offenses, defendants Joseph Oloyede and Edward Oluwasanmi shall forfeit to the United States: all property, real and personal, which constitutes – or is derived from – proceeds traceable to the commission of the wire fraud, wire fraud conspiracy offenses; all property constituting, or derived from, proceeds the defendants obtained, directly or indirectly, as the result of the wire fraud, wire fraud conspiracy offenses and any and all property, real and personal involved in the money laundering offenses, and any property traceable to such property.”

Oluwasanmi will forfeit a commercial property located at 422 South Green Road, South Euclid, Ohio. Meanwhile, the court scheduled Friday, August 1, for the sentencing of Oloyede after the monarch pleaded guilty to counts one and 13 of his indictment.

On Monday, April 21, Oba Oloyede, a US-based accountant and information systems professional crowned Apetu in July 2019, entered his guilty plea before the court.

Oba Oloyede and Oluwasanmi were accused of submitting fake applications for the Paycheck Protection Programme and Economic Injury Disaster Loans under the US Coronavirus Aid, Relief and Economic Security Act between April 2020 and February 2022.

They allegedly used falsified tax and wage documents to obtain funds intended to help struggling businesses during the pandemic.

The Act was meant to offer emergency financial relief to Americans facing the economic consequences of COVID-19 by providing loans to small businesses and nonprofits.

Oba Oloyede was alleged to have used some of his companies, including Available Tax Services Incorporated, Available Financial Corporation, and Available Transportation Company, to commit the fraud.

Following the monarch’s disappearance, the Osun State Government said it would wait for the conclusion of his trial before deciding on any action.

The state Commissioner for Information and Public Enlightenment, Kolapo Alimi, said, “A person is innocent until a court convicts them. So, we don’t want to jump the gun; let us wait for the court’s pronouncement on the matter.”

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UK Grants Duty-free Access To 3,000 Nigerian Products Under New Trade Scheme

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The United Kingdom has revealed that more than 3,000 Nigerian products, such as cocoa and cashew, are now eligible to enter the UK market either duty-free or at reduced tariffs. The Country Director for the UK Department for Business and Trade, Mark Smithson, announced this development as part of the UK’s Developing Countries Trading Scheme (DCTS) in a recent video released by the UK in Nigeria.

“Up to 3,000 products from Nigeria qualify for low tariff or no tariff access to the UK through the Developing Countries Scheme, one of the most generous trading schemes in the world,” Smithson stated.

He added that the UK has streamlined the process for Nigerian exporters, making it simpler to trade a wide range of goods, including cocoa and textiles.

Smithson urged Nigerian exporters to take advantage of this opportunity.

“The UK is open and looking to do business with Nigeria. So why don’t you go to the website and find out more about the Developing Countries Trading Scheme and begin to trade with us?”

The DCTS, launched in 2023, replaced the UK’s former Generalised Scheme of Preferences. It aims to lower tariffs and simplify trading regulations for over 60 developing countries, Nigeria included.

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