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N10m Scam: Court Convicts Lawyer For Issuing Dud Cheque

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A lawyer named Stella Achebe, and her company, Infinite Favour Nigeria Limited have on Monday been convicted by Justice Sodetan Ogunsanya of the Ikeja High Court sitting in Lagos for N10m fraud.

The Economic and Financial Crimes Commission arraigned Stella Achebe and her company for the offense bordering on the issuance of dud cheques, contrary to Section 1(1)(b) of the Dishonoured Cheques (Offences) Act 2004, and obtaining credit by fraud contrary to Section 313(1)(a) of the Criminal Law of Lagos State 2011.

The defendant was arraigned on an amended four-count dated February 27, 2015.

The charges read in part, “Stella Achebe and Infinite Favour Nigeria Limited sometimes in April 2013 at Lagos, within the Ikeja Judicial Division knowingly issued a Diamond Bank cheque dated 30th April 2013 for the sum of N10 million only payable to Leinadibanie Nigeria Limited through its Director Daniel Ebinoh, which when presented for payment within three months of issuance was dishonored on the grounds that no funds or insufficient funds were standing to your credit in the account at the bank on which the cheque was drawn.”

The defendant pleaded not guilty to all charges.

During the court trial, the prosecuting counsel, G.C Akaogu, called four witnesses and tendered several documentary pieces of evidence to prove the case against the convict.

The prosecution through the witnesses revealed that the defendant had only N3,129.77 in her account as of the time she issued the cheques for the said amount.

Akaogu also adduced evidence to prove that the defendant merely obtained the said money by false pretense as she was not into the oil and gas business as she claimed.

The defendant, who said she was a lawyer called to the Nigeria Bar in 2002, also took to the dock to defend herself, claiming that she was in the oil and gas business.

Achebe claimed that the money obtained from her victim who petitioned the EFCC was for the supply of AGO from MRS.

However, the defendant stopped coming to court and continued to be absent in court proceedings.

The counsels adopted their written addresses on February 27, 2019, and the court revoked the bail of the defendant and declared her wanted following the application filed by the prosecution. The court issued a bench warrant for her arrest, and this prompted the adjournment of judgment in the case.

During Monday’s proceeding, defense counsel, Mr. O.S. Ahmed said that the defendant could still not be located.

Delivering judgment, Justice Ogunsanya said it was clear that the defendant has jumped bail, and all efforts by her counsel to locate her have proved abortive.

Ogunsanya noted that the delay in the judgment was due to the deliberate and willful refusal of the defendant to show face in court.

She held that the prosecution through its witnesses and documents tendered credible and convincing evidence beyond every reasonable doubt of all the charges filed against the defendant, and so has found the convict and her company guilty as charged.

Justice Ogunsanya adjourned sentencing of the matter until when the defendant is produced in court.

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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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