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FCMB Manager Docked Over N1.2 Billion Fraud

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Branch Manager of a First City Monument Bank, FCMB, Tope Munis, has been dragged before a Lagos High Court sitting in Ikeja for allegedly aiding and abetting N1.2billion fraud, property of Star Orient Nigeria Limited.

Tope Munis, who is the branch manager of the GRA branch of FCMB was arraigned on 15 counts of amended charges alongside Dare Osamo and Ayoola Bisola who had earlier been arraigned for the alleged fraud before Justice Oyindamola Ogala.

At the resumption of the trial today, the Director, Public Prosecution, Lagos State, Dr. Jide Martins, informed the court that the state has an amended charge to include the branch manager who allegedly connived with Dare Osamo to swindle Star Orient owned by a businessman, Otunba Babatunde Akanbi Babalola.

According to the amended charge, Tope Munis on the 15th day of February 2016, while acting as Branch Manager, First City Monument Bank PLC. situated at No 48, Isaac John Street, Government Residential Area (G R.A), Ikeja allegedly committed the offense.

The charge further states that Munis and Osamo, allegedly demonstrated intention to defraud and without lawful authority or excuses approved the opening of a new account for Star Orient Nig. Ltd when there was no SCUML (i.e Special Control Unit against Money Laundering) certificate number on the account opening form.

The charge also states that Munis and Osamo allegedly runs foul of banking rules when they opened the account without full details of the directors of Star Orient Nigeria Limited, no means of identification, and no BVN (Bank Verification Numbers) of the directors of Star Orient Nigeria Limited with a forged resolution purportedly signed by Dare Osamo as sole signatory when there are two directors who are signatories to Star Orient Nigeria Limited’s account.

Following the amended charges, Dr. Martins urged the court to take their pleas. Consequently, Tope Munis pleaded not guilty to four-count charges relating to him out of the fifteen amended count charges

The state prosecutor, thereafter, asked the court for a trial date and a remand order pending the determination of his bail application. In a counter-reaction, J.O. Olushade who represented Dr. Wale Olawoyin, SAN as a counsel to the branch manager, informed the court of his bail application while praying for liberal terms.

The defense counsel moved the bail application by adopting it as he prayed the court to admit the defendant to bail because the offense allegedly commented by the defendant is bailable.

In his opposition to the bail, the state DPP said the court must consider the severity of the offense, as he prayed the court to turn down the bail application of the defendant.

Delivering a ruling on the bail application, Justice Ogala granted the 3rd defendant bail in the sum of N20 million with two sureties. Sureties must be residents in the state and have title to landed property.

Justice Ogala further said that the defendant must provide evidence of tax payment to the state government, deposit his International passport with the registrar of the court, with his residential address verified.

BIG STORY

ICPC Gets Court Order To Detain El-Rufai For Another 14 Days

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the extension of the order to detain a former Governor of Kaduna State, Mallam Nasir El-Rufai, for another 14 days.

This order was granted to enable the anti-graft agency enough time to conclude its investigation into allegations against the former governor, which has now widened.

The latest order, which was granted on Thursday in the presence of el-Rufai’s lawyer, will lapse on March 19th.

But el-Rufai’s counsel, whose application to quash the first remand order was dismissed by a Chief Magistrate Court in Bwari, has returned to the same court to nullify the latest order.

The trial Chief Magistrate, Okechukwu John Akweke, has fixed March 17th to decide whether or not he should set aside the latest detention order.

Contrary to media hype and the claims of some lawyers, the Chief Magistrate Court records obtained revealed that the renewal of El-Rufai’s detention for a further 14 days was granted on Thursday, with the ex-governor duly represented.

The order of Chief Magistrate Akweke reads: “Upon hearing and listening to the prosecuting counsel, Dr Osuobeni Ekoi Akponimisingha Esq., praying this Honourable court for the following orders:

“An order of this Honourable Court issuing a remand warrant against the Respondent (NASIR AHMAD EL-RUFAI) in favour of the Applicant, i.e. Independent Corrupt Practices and other Related Offences Commission (ICPC) to detain the Respondent (NASIR AHMAD EL-RUFAI) in its custody for another fourteen (14) days pending conclusion of investigation activities on allegations of Money Laundering/abuse of office.

“And for such other or further order(s) as this Honourable court may deem fit to make in the circumstances.

“It is hereby ordered that: Application granted as prayed.

“That the Applicant, i.e. the Independent Corrupt Practices and other Related Offences Commission ICPC, is hereby ordered to re-detain the Respondent (NASIR AHMAD EL-RUFAI) for an additional 14 days to enable the commission to conclude investigation activities.

“That the return date shall be the 19th day of March 2026, for the report of compliance.”

A source in ICPC said, “ With a Senior Advocate of Nigeria as the commission’s chairman, we cannot detain el-Rufai or any suspect without a valid court order.

“El-Rufai’s legal team has been part of all our legal processes. But the narration out there is that ICPC is oppressing him. The first remand order was challenged by his lawyer, and the case was dismissed. The second remand order is an issue before the court, which will rule on March 17th. They feed the public with false information instead of being forthcoming about what transpired in court.

“The ICPC Chairman has no vested interest, and he is not being used. We have an outstanding petition against el-Rufai, and equity demands that we hear from him.”

El-Rufai fights back, says Chief Magistrate Court Order is a jurisdictional overreach

Despite losing the battle to nullify the first remand order, el-Rufai, through his lawyer, Ukpong Esop Akpan, said the order of the Chief Magistrate Court was a jurisdictional overreach.

He filed an application brought pursuant to sections

293, 294, 295, 296, 298, 299and 100 of the Administration of Criminal Justice Act (ACJA) 2015; Section 6 (6) (B) of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended); and Order 26, Rules 1-3 of the Magistrates’ Courts Rules of the Federal Capital Territory under the inherent jurisdiction of this Honourable Court.

“A 20-paragraph affidavit deposed to by Mohammed Salihu Shaba, said as follows:

“That I have the authority and consent of the Respondent/Applicant to depose to this affidavit in support of the Motion.

“That the Remand Order dated 19th February, 2026, made by this Honourable Court (a Certified True Copy of which is attached hereto and marked as Exhibit “A”) is fundamentally defective and ought to be set aside for nullity.”

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Ghana Immigration Arrests 93 Nigerians Over ‘Internet Fraud’

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The Ghana Immigration Service (GIS) says it has arrested 93 Nigerians over alleged involvement in internet fraud and violations of immigration laws.

In a statement on Monday, the GIS said the arrest followed an intelligence–led raid on a suspected internet fraud network operating at Devtraco Estate in Accra.

According to the statement issued by Maud Anima Quainoo, the suspects comprise 91 males and two females.

Quainoo added that 73 victims who had reportedly endured severe abuse and torture at the hands of the suspects were also rescued during the raid.

Items recovered from the premises included 82 laptops, 57 mobile phones, 17 television sets, counterfeit US dollar notes, and fake gold bars, along with several household appliances believed to have been used to support the fraudulent operations.

Preliminary investigations indicate that some suspects entered Ghana through unauthorised border crossings. In contrast, others allegedly overstayed the 90-day visa-free period available to citizens of member countries of the Economic Community of West African States (ECOWAS).

The 73 rescued victims have since been repatriated to Nigeria, the statement said, adding that investigations are continuing at the GIS headquarters to determine the full scale of the criminal network.

The GIS urged foreign nationals in Ghana to comply with the country’s immigration and criminal laws.

In January, the Ghana police arrested 53 Nigerians allegedly involved in cybercrime and rescued 44 suspected victims of forced labour.

In separate operations last December, authorities arrested some 78 Nigerians linked to cybercrime.

 

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EFCC Declares 40-Year-Old Chinese National Wanted For ‘Obtaining Money By False Pretence’

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The Economic and Financial Crimes Commission (EFCC) has declared Peiyuan Niu, a Chinese national, wanted over an alleged case of obtaining money by false pretence.

In a public notice released on Tuesday by Dele Oyewale, EFCC spokesperson, the agency said the last known address of Niu is 111 Kudirat Abiola Way, Oregun, Lagos State.

“The public is hereby notified that PEIYUAN NIU, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of obtaining money by false pretence,” the notice reads.

“Niu, 40, is a Chinese national, and his last known address is 111, Kudirat Abiola Way, Oregun, Lagos State.

“Anybody with useful information as to his whereabouts should please contact the Commission in its Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja offices or through 08093322644; its e-mail address: [email protected] or the nearest police station and other security agencies.”

This is not the first time allegations of fraud have been levelled against a Chinese national in Nigeria.

In December 2024, 792 suspects were arrested in Lagos when the EFCC carried out its largest single-day operation against cryptocurrency and romance scam networks.

Members of the syndicate include 114 Chinese nationals, 40 Filipinos, two Kazakhs, one Pakistani, and one Indonesian. Some of the suspects have been convicted of internet fraud.

 

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