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High Court Freezes Oyo Government’s Accounts In 10 Commercial Banks Over N3.4bn Debt

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A high court of the federal capital territory (FCT), Abuja, has issued an order freezing the accounts of the Oyo state government in 10 commercial banks.

The banks in which the state government’s accounts are blocked are Zenith Bank, United Bank of Africa (UBA), Wema Bank, First Bank of Nigeria, Ecobank, Guaranty Trust Bank, Access Bank, Polaris Bank, Jaiz Bank and Union Bank.

Achibong Ebong, the presiding judge, issued the order on Friday while ruling on a garnishee proceeding initiated by former local government officials in Oyo state.

The judge ordered the garnishees (the banks) to “file affidavits and attend this court on the next adjourned date to show cause why the garnishee orders hereby granted should not be made absolute”.

The judge also awarded N300,000 as a cost against the judgment debtors, Seyi Makinde, the governor of Oyo and the government. He ordered that a copy of the order be served on the debtors.

Thereafter, he adjourned the proceedings until January 5, 2024, for a hearing.

The local government officials, comprising chairmen and councillors, were sacked on May 29, 2019, before the end of their tenure, by the governor, when he took over.

However, the officials sued the state government and got a judgment in May 2021 of N4,874,889,425.60 against Makinde and other state agencies.

The other officials/agencies listed with Makinde as judgment debtors, are the attorney-general of Oyo, commissioner for local government and chieftaincy affairs,  accountant-general of Oyo state, speaker of the house of assembly, the house of assembly and the Oyo State Independent Electoral Commission (OYSIEC).

The garnishee proceeding was intended by the ex-council chiefs, led by Bashorun Ajuwon, to recover the balance of N3,424,889,425.60 which is outstanding from the actual judgment sum, from which Makinde paid only N1.5 billion in 2022.

The actual outstanding balance of the apex court judgment was N3,374,889,425.60, but the court of appeal in Abuja added N50 million as cost against Makinde and others in a judgment on December 8 dismissing their appeal.

BIG STORY

“Twin Warrior”: Paul Okoye Accuses Peter Of Song Theft, Vows To Release ‘Original Version’

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Paul ‘Rudeboy’ Okoye, the Nigerian singer, has accused Peter ‘Mr P’ Okoye, his twin brother, of alleged intellectual property theft.

Mr P recently released the single ‘Winning’ — just a few months after the brothers confirmed that Psquare, their shared music group, was no longer active.

However, in a recent Instagram post, Rudeboy claimed that the song was his, stating that it was meant to feature on his upcoming album. He further alleged that the producer hijacked the track.

“Written and sang by Rudeboy. Produced by same producer. Now how come? Now am I supposed to release another version? Mr Producer, your case is for another day,” he wrote.

“Just a simple thing, bring 6 songs, let me bring 6 songs. I submitted 6 songs to the so-called management. Why re-singing my own song? word for word. Song that was supposed to be in my album next year June.”

In another post, the singer vowed to release “original versions of any copied songs,” adding that “the days of manipulation are over.”

“The days of manipulation are over. And to the management, make I hear any song wey na only me sing, I go release the original version. Oloriburuku! Music is not that hard,” he wrote.

Psquare split in 2017 following a feud between Peter Okoye and Paul. Though they reunited in November 2021, their reconciliation was short-lived.

Paul recently revealed another fallout, accusing Peter of orchestrating his arrest by the Economic and Financial Crimes Commission (EFCC).

Peter, however, denied the allegations and accused Jude Okoye, their older brother, of diverting millions of dollars from their joint account into a secret company.

Paul also expressed frustration over his past role in the music group. He claimed to have done most of the work while others benefited.

Mr P has yet to respond to his brother’s recent allegations.

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US Court Sends British-Nigerian To Seven Years In Jail Over $5m Cyber Fraud

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Oludayo Adeagbo, a British-Nigerian, has been sentenced to seven years in prison for his role in a multimillion-dollar business email compromise (BEC) scheme.

According to the US Department of Justice, Adeagbo, who also goes by John Edwards and John Dayo, conspired with others to steal over $3 million from various entities in Texas, including local government bodies, construction companies, and a Houston-area college.

Adeagbo and his co-conspirators also defrauded a North Carolina university of more than $1.9 million.

The case began in August 2022 when Adeagbo and two other Nigerian citizens, Donald Echeazu, 42, and Olabanji Egbinola, 44, were extradited from the United Kingdom (UK), where they had been residing, to face charges of conspiracy, wire fraud, and money laundering.

The US Department of Justice stated that the offences were committed in North Carolina, Texas, and Virginia.

On April 8, Adeagbo pleaded guilty in two cases against him in North Carolina and Texas for participating in a business email compromise scheme, which is also referred to as a “cyber-enabled financial fraud” scheme.

A business email compromise scheme can be initiated by scammers creating fake accounts that mimic companies a business regularly deals with.

Court records revealed that Adeagbo and his co-conspirators gathered information about significant construction projects across the United States, including a multi-million-dollar project at a university in North Carolina.

“To execute the scheme, Adeagbo, Echeazu, and others registered a domain name similar to that of the legitimate construction company in charge of the university’s project and created an email address that closely resembled that of an employee of the construction company,” the Department of Justice said.

“Using the fake email address, the fraudsters deceived and directed the university to wire a payment of more than $1.9 million to a bank account controlled by an individual working under the direction of Adeagbo and his co-conspirators.”

Adeagbo and his co-conspirators employed the same tactics in Texas, targeting local government entities and universities by impersonating construction companies. They stole over $3 million from the scheme, bringing their total haul to $5 million.

Adeagbo has been ordered to pay $942,655.03 in restitution and will serve seven years in prison.

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BIG STORY

Nigerian-American Oye Owolewa Re-Elected To US Congress

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Oye Owolewa, a Nigerian-American Democrat, has been re-elected as the shadow representative for the District of Columbia (DC).

Owolewa, a PhD graduate from Northeastern University in Boston, made history in November 2020 when he became the first Nigerian-American elected to Congress.

He secured 164,026 votes, or 82.84 percent of the total votes cast in DC.

His role, while not officially recognized by the US government as a full member of Congress, is to advocate for the district’s interests, particularly its bid for statehood.

On Thursday, Owolewa expressed his gratitude to DC voters via a post on X, thanking them for their continued support.

“Thank you DC again for giving me chance to serve. I also want to thank the organizations that have supported, partnered with and endorsed me,” he wrote.

While shadow representatives like Owolewa do not have voting power in the US House of Representatives, they play a key role in pushing for recognition and state-level advocacy for DC residents, who are otherwise disenfranchised at the federal level.

Owolewa has consistently championed the cause of DC statehood, which has become a central focus of his work.

The re-election took place on November 5, the same day as the US presidential election.

In that election, former President Donald Trump defeated Vice-President Kamala Harris, securing over 270 electoral votes to win a second term.

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