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Inside Lagos: 60-Yrs-Old Man Dies As Friend Allegedly Stole His ATM Card, Withdrew N700,000

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The family of Isak Wahab, a 60-year-old man, has been thrown into mourning after he reportedly died from shock after an unauthorized withdrawal of N700,000 from his bank account.

His wife, Monsurat, accused his friend, identified only as Ola, of making the withdrawal, which she said led to the death of the sexagenarian.

Monsurat said, “Ola was a close friend to our family, particularly my husband. He had financial difficulties with his rent and he came to my husband to tell him that he wanted to sell his generator so that he could raise money to pay his rent. My husband told him not to do that and said he (Isak) was expecting payment from our tenants and he could help. My husband then gave him N10,000.

“Meanwhile, we did not know that Ola had taken my husband’s ATM card and he withdrew money from it amounting to N700,000. He withdrew the money in tranches of N200,000, N300,000, and another N200,000.”

The deceased’s son, Ajibola, alleged that Ola stole his father’s ATM card after he (Isak) became intoxicated while they drank alcohol together.

He said the case was reported at the Ikotun Police Station for investigation, adding that the suspect disappeared after he was accused of being responsible for the death.

He said, “Last week Thursday, my dad was not alright, but I felt it was just ordinary malaria or a small illness. But later, I was told that it was serious and I had to call my siblings. We later learned from our mother that our father was defrauded by Mr. Ola.

“My father died on Friday and we buried him on Saturday. After his burial, we went to his friend’s house, confronted him, and while arguing with him, we seized his phone. Since that day, we have not seen him.

“As I speak to you, I have his phone with me and we have reported the case at the Ikotun Police Station. He had issues and needed money and our father promised to help and gave him N10,000.

“Now, Mr. Ola took our father’s ATM card, went to a PoS operator, and transferred about N700,000 from his account to other accounts. When our father saw it, he was deeply sad and he died because he never expected that his best friend would do that to him.”

When contacted by a prominent media house, SP Benjamin Hundeyin, the Lagos State Police Public Relations Officer, said nobody reported the incident to the police.

He said, “I have not heard anything about the case but as soon as we get information on the matter, I will contact you.”

However, the deceased’s family insisted that the case be reported at the Ikotun Police Station on June 23, 2022.

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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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