Connect with us

BIG STORY

Lagos Agent Breaks Bizwoman’s Leg Over N30m Failed Deal

Published

on

A businesswoman, Adeyinka Igbinoba, has accused a land agent, Saheed Mosadoluwa, of brutalizing her and her brother-in-law on the premises of his office in Victoria Garden City, in the Victoria Island area of Lagos State.

It was gathered that Igbinoba’s sisters paid N30m to Mosadoluwa as part payment to purchase a parcel of land.

After payment, Igbinoba alleged that her siblings discovered that Mosadoluwa was making an attempt to defraud them and subsequently demanded a refund of the money.

When efforts to get a refund proved abortive, the businesswoman said her siblings petitioned the Economic and Financial Crimes Commission.

As the investigation into the case was ongoing, Igbinoba said her mother intervened and Mosadoluwa decided to meet them for further deliberation.

The Lagos State indigene said her mother, brother-in-law, and siblings were preparing for the meeting when she was summoned to accompany them to Mosadoluwa’s office on Handbook Properties, Eleganza Complex, opposite VGC.

She said, “Unknown to us, it (meeting) was an ambush. Saheed Mosadoluwa had placed his thugs around the venue. Innocently, we went to his office and my mum started by pleading with him to refund the N30m. One of my sisters was also pleading when he said we should withdraw the case from the EFCC.

“At that point, my sister’s husband said if that’s what he wanted, he should issue a bank draft so we could have a guarantee before withdrawing the matter at the EFCC. I also intervened and he suddenly flared up and ordered his thugs to pounce on my brother-in-law.

“On seeing this, I brought out my phone to start recording but Mosadoluwa attacked me. He also took a plank and aimed it at my head but I dodged the attack.

“He caught up with me, kicked me with his leg and I fell to the ground. Mosadoluwa struck my ankle with the weapon and my bones shattered. It was when I stood up from the ground to run that I realized that I had sustained grievous injuries on my leg.”

Igbinoba said Mosadoluwa, upon seeing the extent of her injuries, demanded her mother’s account number and transferred N15m to her.

She said, “My driver rushed me to a hospital and my nightmare started from there. The following day, my husband reported at the Ajiwe Police Station, Ajah, and Mosadoluwa were invited, but he didn’t show up. Instead, he called my mum and started bragging that he lives on Amen Estate and wasn’t the one that broke my leg.

“When I heard about Amen Estate, I immediately chatted with Sade Gbadamosi, the Managing Director, Redbrick Homes International Limited, the developers of Amen Estate. I asked if she knew Saheed Mosadouwa and she confirmed knowing him and that he truly lived on the estate.

“I explained all that transpired and Gbadamosi said she was not happy because we are her two best friends. The following day, she came to visit me at the hospital and told me to drop all charges against Mosadoluwa if I wanted to collect the N15m balance. I was disappointed and took this as outright blackmail.

“On the day Mosadoluwa was to appear at the Ajiwe Police Station, they got a signal that the matter should be transferred to the Force CID Alagbon. On getting there, my husband went straight to see the Assistant Inspector-General of Police, Usman Beliel, who called on the Investigating Police Officer, SP Beatrice Agbator, to brief him about the case.

“Surprisingly, the case was introduced to the AIG as a Redbrick case, thereby putting Sade Gbadamosi directly into the matter. Redbrick and Gbadamosi did not assault me, so at that moment, we knew that Gbadamosi wanted to use her influence to avert the cause of justice.”

The businesswoman said evidence was sent to the FCID, but nothing was done for several months, adding that she petitioned the Attorney General of Lagos State, Moyosore Onigbanjo SAN; the Inspector-General of Police, Usman Baba; and the Attorney General of the Federation, Abubakar Malami, among others.

“The Ministry of Justice contacted and said my petition had been detailed to the State CID, Panti, Yaba, Lagos State. The IGP also contacted me about the matter and they apprehended Mosadoluwa within FCID where they had called for a meeting regarding the case. Even though Gbadamosi was not invited, she came and was also apprehended and granted bail.

“Afterwards, we were invited to Abuja and within that period, I was planning to move into my property on Amen Estate. So, I sent my workers to do some repairs on my property, but Gbadamosi denied them access.

“We are waiting for the police report of the investigation to charge the matter to court. But the matter has not been charged to court for about six months. Mosadoluwa paid the N15m balance on May 6, 2022, but I want justice for what he did to me. I now use crutches to walk,” Igbinoba said.

Contacted, Mosadoluwa said Igbinoba’s siblings did not purchase the land directly from him, adding that the transaction took another turn when the siblings alleged a case of fraud against him.

He said, “They reported the case to the EFCC and they arrested our agent, one Mr. Kola. One of her siblings purchased a parcel of land worth N120m and deposited N30m so the land won’t be sold to anybody but could not balance up the payment.

“Hence, the company paid a 5% commission to the agent, and when the family returned for a refund, the company debited 5% and 25%, which is a normal procedure in real estate when the buyer requests a refund. But the siblings wrote to the EFCC that the company defrauded them.

“When the EFCC invited us, we went there to submit our C-of-O and demanded that the transaction should be investigated. However, their mother pleaded with me and I gave in and told her to tell her children to withdraw their complaints from the EFCC and return to receive their money, but their mother insisted that they were indebted to some people, and I transferred N15m.

“Immediately after that, Mrs. Igbinoba accused me of being rude and abused me. I told her to leave my office, I even saw her rushing out; probably she fell on the stairs, I don’t know and there was nothing wrong with her until she left my office.”

Gbadamosi, when contacted, said, “Igbinoba and my ex-husband are desperate, and may want to plant evidence on the estate to support their false allegation of attempted murder. We only requested security presence if she is to come to her site since she has alleged attempted murder.”

The Force Police Public Relations Officer, CSP Muyiwa Adejobi, said the IG monitoring unit was on the matter, adding that justice would be served.

He said, “They took over the case when a petition was written to the FCID, Alagbon. They know that they are going to bring up a report to decide on the case. Justice will be done.”

BIG STORY

JUST IN: Police Arrest Yahaya Bello’s ADC, Security Details

Published

on

The Nigeria Police Force has detained a female police officer who was the aide-de-camp to embattled former Kogi State Governor, Yahaya Bello, Saturday PUNCH is reporting.

The ADC was arrested alongside other police officers attached to 48-year-old Bello and is being detained at the State Criminal Investigation Department, Federal Capital Territory, Abuja.

Their arrests and detention followed a Thursday night order by the Inspector General of Police, Olukayode Egbetokun, directing their immediate withdrawal from the former governor.

Senior police sources, who spoke to our correspondent on the condition of anonymity because they did not have authorization to comment publicly on the matter, noted that the officers were arrested on the suspicion that they aided and abetted Bello’s escape from operatives of the Economic and Financial Crimes Commission, who had gone to effect his arrest at his Abuja home on Wednesday.

“The ADC and the other police details attached to Yahaya Bello have been arrested and detained.

“They were arrested on the order of the IG, on the suspicion that they aided and abetted the former governor’s escape from the EFCC on Wednesday,” one of the sources told our correspondent in a telephone conversation on Friday.

Another source said, “Yahaya Bello’s female ADC and other police officers attached to him were brought to the command this morning, and they’ve been detained for aiding and abetting (the governor’s escape).”

Egbetokun had, on Thursday night, ordered the withdrawal of all police officers attached to Bello.

The order for the withdrawal was contained in a police wireless message sighted by our correspondent on Friday morning.

The document read, “CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 X ORDER AND DIRECTIVES X FOLLOWING MESSAGE RECEIVED FROM NIGPOL.

“DOPS ABUJA X BEGINS X CB:4001/DOPS/FHQ/ABJ/VOL.21/462 DTO:180955/04/2024 X ORDER AND DIRECTIVES X REF MYLET NO CB:3412/DOPS/FHQ/ABJ/VOL.1/36 DATED 15/04/2024 X AND MY EARLIER LET NO CB:3412/DOPS/FHQ/ABJ/VOL.1/30 DATED 24/01/2024 X Nigeria police have ordered the withdrawal of all men.

“Police attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello, should acknowledge compliance and treat with utmost importance. Please above for your information and strict compliance.”

Also, the Federal Government had on Thursday night placed Bello on a watch list.

In a document exclusively obtained by our correspondent on Thursday night, the Comptroller General of the Nigeria Immigration Service, revealed that Bello was placed on a watchlist for conspiracy, breach of trust, and money laundering.

The Assistant Comptroller General signed the document and copied the Nigeria Customs Service, the Inspector General of Police, the Director General of the Department of State Services, and the Director of the National Internet Agency.

The document read, “I am directed to inform you that the above-named person has been placed on a watch list. Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for Conspiracy, Breach of Trust and Money Laundering vide letter Ref; CR; 3000/EFCC/LS/EGCS.1/TE/V 1/279 dated April 18, 2024.

“If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation, or contact 08036226329/07039617304 for further action.

“Please, accept as always the Comptroller-General’s warmest regards and esteem.”

The Economic and Financial Crimes Commission had earlier declared Bello wanted for laundering the sum of N80,246,470,088.88.

The development was contained in a notice posted on the commission’s official Facebook page on Thursday, with a snapshot of the embattled ex-governor attached.

The notice read, “The public is hereby notified that Yahaya Adoza Bello (former Governor of Kogi State), whose photograph appears above is wanted by the Economic and Financial Crimes Commission in connection with an alleged case of Money Laundering to the tune of N80,246,470,089.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eighty Nine Naira, Eighty Eight Kobo).

“Bello, a 48-year-old Ebira man, is a native of Okenne Local Government of Kogi State. His last known address is: 9, Benghazi Street, Wuse Zone 4, Abuja. Anybody with useful information as to his whereabouts should please contact the Commission.”

Bello had, on Thursday, failed to appear before Justice Emeka Nwite of the Federal High Court sitting in Abuja following his arraignment by the EFCC.

The embattled former governor was arraigned in absentia before Justice Emeka Nwite alongside three other suspects, Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering.

Continue Reading

BIG STORY

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return As Chairman

Published

on

  • Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors

 

The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically, through a Rights Issue of ordinary shares to its shareholders.

The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as Non-Executive Directors.

The appointment of Aig-Imoukhuede as the Chairman of Access Holdings was praised by the shareholders, who pointed to his rich history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside Herbert Wigwe. Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo.

“We are thrilled with Aigboje Aig-Imoukhuede’s return to the role of Chairman. His proven track record, experience, and strategic insights position him as the ideal leader to steer Access Holdings towards meeting its lofty targets. During his tenure as CEO, particularly during the recapitalisation directive by the CBN, he steered Access Bank to raise an impressive $2 billion in capital, and this demonstrates his capacity to, once again, lead Access Holdings towards successfully achieving the objectives of our planned Capital Raise and Rights Issue targets,” said Chief Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria (ISAN).

In line with the Group’s strong financial performance, the payment of a final dividend of N1.80 kobo per every N0.50 Kobo ordinary share for the 2023 financial year was approved, marking a 28 per cent improvement from the corresponding period in 2022.

The Group’s full-year results for the period ending December 31, 2023, showcased an impressive 335 per cent increase in pre-tax profit to N729 billion from N167.68 billion in 2022. The Group also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022 and reported a remarkable 306 per cent growth in profit after tax to N619.32 billion, from N152.20 billion in 2022.

Commencing in the second half of 2024, Access Holdings’ global expansion strategy will enter the consolidation and efficiency phase, aligning with its five-year plan to accelerate the attainment of its 2027 strategic objectives. The Group remains focused on driving sustainable growth, and delivering value to its shareholders even as it continues to build a globally connected community and ecosystem, inspired by Africa, for the world.

Continue Reading

BIG STORY

Customs Adjust FX Rate For Import Duties To N1,147/$

Published

on

The foreign exchange (FX) rate for duties has once again been modified by the Nigeria Customs Service (NCS) to N1,147.02 per dollar.

When compared to the N1,238.1/$ reported on April 18, this indicates a decline of 7.3 percent. On Friday, the customs rate was observed.

It dropped below the official foreign exchange rate, which ended trading at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on April 18 at N1,154/$.

The drop in the FX rate for customs tariffs and duties is coming amid the Central Bank of Nigeria‘s (CBN) effort to stabilise the naira.

On April 17, the naira appreciated to N1,050 at the parallel section of the FX market, from the N1,100/$ traded on April 15.

Meanwhile, on April 16, President Bola Tinubu inaugurated the national single window (NSW) project to boost trade in Nigeria.

NSW is an electronic portal linking all agencies and players in import and export processes to an integrated platform.

Speaking on the development, Adewale Adeniyi, the comptroller-general (CG) of Nigeria Customs Service (NCS), said the country is making progress with consultations on the reopening of the borders with Niger Republic and Benin Republic.

Continue Reading

Most Popular