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N80bn Fraud: EFCC Uncovers 17 Properties Linked To Accountant-General

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The Economic and Financial Crimes Commission has traced at least 17 properties to the Accountant-General of the Federation, Ahmed Idris.

This is just as the Minister of Finance, Budget, and National Planning, Zainab Ahmed, suspended Idris who is currently being investigated for fraud to the tune of N80bn.

An official of the EFCC, who wished to remain anonymous, said the properties traced to Idris are located in Kano, Lagos, Abuja, Dubai, and London.

He, however, said preliminary investigations showed that the nation’s chief accountant allegedly used proxies to buy some of these properties. The commission would therefore need to invite some of the proxies of the accountant-general.

The detective added that from all indications, these properties were purchased while Idris was in office and did not declare them before the Code of Conduct Bureau as stipulated by law.

He added, “About 17 houses in London, Lagos, Kano, Abuja, and Dubai have been traced to him. In Abuja, some of the houses are located in serviced estates.”

The EFCC had in a statement on Monday announced the arrest of the accountant-general for fraud to the tune of N80bn.

The statement read in part, “The commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members, and close associates. The funds were laundered through real estate investments in Kano and Abuja.”

It was learned that Idris came under scrutiny last year following allegations that he offered huge sums of money to a family to secure the marriage of their 16-year-old daughter.

The uncle of the teenager, Nura Bagudu, had said that the accountant-general offered properties and gifts to the young lady and her family and had lodged complaints to the Federal Government.

“He told the young lady to go to Abuja and choose any house she wanted and he would buy it for her,” Bagudu said.

Also, the accountant-general had 2021 launched Gezawa Commodity Market and Exchange Limited which he had openly admitted to owning.

Idris stated this when he received a delegation of the Kano Concerned Citizens Initiative led by its late Chairman, Alhaji Bashir Tofa. The project is said to be worth huge sums of money which is far more than his income.

An EFCC official said the legal department was already getting an order to remand the accountant-general and get an interim forfeiture on some of his properties pending the completion of investigations.

Meanwhile, the Federal Government on Wednesday announced the suspension of the accountant-general to allow for a seamless investigation.

In a letter conveying Idris’ suspension, the Minister of Finance warned the embattled public official not to visit the office at any time, adding that the suspension was in line with the public service rules.

The letter titled, ‘Letter of Suspension’ read in part, “Following your recent arrest by EFCC on allegations of diversion of funds and money laundering, I write to convey your suspension from work without pay effective May 18, 2022.”

Efforts to get a response from the Spokesman for the EFCC, Mr. Wilson Uwujaren, proved abortive as he did not respond to calls.

BIG STORY

#MakeWeHalla Movement Shows It’s Time To Change Culture Of Silence Around Domestic Violence In Nigeria — Charles Inojie [PHOTOS]

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Nollywood actor and director Charles Inojie has opened up what inspired he and actor Ali Nuhu to create the #MakeWeHalla movement against domestic violence.

In a recent interview with Wazobia FM, Inojie noted that he wanted to use his platform to change the culture of silence around domestic violence, and he realized that the way to do it was to make noise.

“When we all keep quiet, the abuser, perpetrator of this act of abuse seems confident to do more. But when we speak up and against the abuse without being violent, it sends a signal to the perpetrator that he should desist.”

Inojie continued, “This evokes what prompted myself and Ali to decide to join our voices for this matter. We thought about it and arrived at the fact that we all are guilty if we continue to keep quiet, and watch domestic abuse happen around us. “Make We Halla” is actually a call to action to everybody around to say “if you see something that is bad, speak out and do not keep quiet.”

Ali Nuhu and Inojie recently teamed up in a viral video, “Make We Halla”, that has continued to make waves on social media. In the video, the two friends start banging on their plates in a restaurant in an attempt to call out the domestic violence they witness. Other patrons join in on the halla in a moving display of solidarity, and the violence stops.

The two film stars have gone a step further to start the #MakeWeHalla challenge that has seen celebrities like Wumi Toriola, Kiki Bakare, and Tosin Olaniyan, and many other fans jump on the #MakeWeHalla train and lend their voice.

Explaining the challenge during his interview, Inojie said, “We’ve been overwhelmed by how much support we’ve seen in this movement. It just shows how much we need this conversation. People have spoken up, shared their stories, and most importantly, committed to “Halla” whenever they see domestic violence.”

He continued, “The #MakeWeHalla challenge for everyone is very easy. Just go Tiktok or Instagram. Almost everybody is now on Tiktok, almost everybody is on Instagram. Take your phone. It’s easy. No rules, just halla your way. Anyhow, you deem fit to add your voice in raising awareness against domestic violence is welcome. Halla, talk am. Or if you feel like “I am someone that is shy’, you can go to the videos already uploaded -whether my own oo, or Ali’s own – you can duet. Just post with the hashtag #MakeWeHalla. And the beautiful thing is that joining in the challenge to create more awareness even gets you a reward. The best Halla video will collect brand new iphone 12..”

Going further, he said, “The hashtag is very important so that we can see the video. The hashtag is #MakeWeHalla. If you like, tag Ali or tag myself and for the prize we have, the middle of May will be the finale.”

When asked about his motivations for “Make We Halla”, Inojie also revealed how an incident he witnessed as a young man further changed his mindset about the need to always speak up when domestic violence is witnessed.

“By myself, as a little boy, I have seen one who, till today, lost one eye to domestic violence. That time, many of us could have done something in that same compound but we felt like we were concerned about it, because they are a couple and they will sort themselves out. So, all of those things are what we refer to as silent bystanders, passive. People just say “Wetin concern me?” or ignore and move on with their lives and in little time, major damage would have been caused. This has led to several innocent children losing their mothers and some becoming orphans. Hence, we say no to domestic violence, it shouldn’t thrive in our midst or our society. Let’s see a way, a movement to call people to action saying don’t keep quiet when you see domestic violence, no matter where it happens, no matter who it happens to, speak out but not in a violent way. Let’s Make We Halla!”, Inojie encouraged.

Links to #MakeWeHalla Challenge entries:

https://www.instagram.com/reel/C5bzgAhqf5w/?igsh=MXZ6Y2d0dmdjcHpwdg%3D%3D

@jire_ogunleye

#duet with @Joseph A. Momodu #MakeWeHalla #challenge Please join me as l join Uncle Charles to Halla against Domestic. I am also Halla-ing! Domestic violence is not good.

♬ original sound – Jire🖤

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BIG STORY

Canada Fines Binance $4.38m For Breach Of Money Laundering Laws

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Popular cryptocurrency platform Binance was fined “$6 million for violating the country’s money laundering and terrorist financing laws” by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

International media reports indicate that the fine is denominated in Canadian dollars, which, when converted, brings the total sum to USD4.38 million.

FINTRAC claimed in a recent post on its website that Binance had neglected to register with the organisation as a foreign money services provider.

The cryptocurrency company allegedly neglected to disclose significant virtual currency transactions totaling $10,000 or more, according to the anti-money laundering agency.

“FINTRAC announced today [Thursday] that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance,” the statement reads.

“This foreign money services business was imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.

“Binance Holdings Limited was found to have committed the following administrative violations: Failure to register with FINTRAC as a foreign money services business; and failure to report large virtual currency transactions of $10,000 or more in the course of a single transaction, together with the prescribed information.”

Commenting on the matter, Sarah Paquet, director and chief executive officer of FINTRAC, said the country’s anti-money laundering and anti-terrorist financing regime is in place to protect the safety of Canadians and the security of the nation’s economy.

“FINTRAC will continue to work with businesses to help them understand and comply with their obligations under the Act. We will also be firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed.”

Adjudged to be the largest cryptocurrency exchange by trading volume, Binance has been the subject of regulatory sanctions in some parts of the world.

On April 30, Changpeng Zhao, the founder of Binance, was sentenced to four months in prison for money laundering, unlicensed money transmitting and violations in Seattle, United States (US).

According to US officials, Zhao intentionally turned a blind eye to transactions that financed terrorism, the illegal drug trade, and child sex abuse.

Earlier in February, a federal judge in the US approved a plea deal by Binance, requiring the cryptocurrency exchange to pay over $4.3 billion in fines and reparations.

Binance is also under investigation for illicit operations and foreign exchange (FX) rate manipulation in Nigeria.

The firm, and two of its top officials, Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, the company’s head of financial crime compliance, were charged with tax evasion and money laundering by the federal government.

The duo were arrested and detained on February 28, but Anjarwalla escaped from custody in March.

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BIG STORY

Kitigbe O: Honouring Six Years of Oba Adeyemi Obalanlege’s Reign As Olota Of Otta-Awori Kingdom By Victor Ojelabi

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As the sun sets over the vibrant town of Otta, the air is filled with a sense of celebration and reverence. It marks the six-year anniversary of the coronation of His Majesty, Oba Professor Adeyemi Obalanlege, the esteemed Olota of Otta-Awori Kingdom.

Stepping into his reign, Oba Obalanlege brought with him not only the weight of tradition but also a distinguished background in academia and a fervent dedication to community service.

Born into the esteemed lineage of Prince Taiwo Hassan Obalanlege and Mrs. Mutiat Afolake Obalanlege (Nee Anjorin), Oba Adeyemi entered the world on August 28, 1966, in Mushin, Lagos State.

His educational journey began in AUD Primary School, Iganmode and led him to Ansar-ud-Deen College, Isolo, before culminating at Iganmode Grammar School in Otta. This foundation laid the groundwork for his illustrious academic career.

With a Higher National Diploma in Mass Communication from Ogun State Polytechnic and a Bachelor of Arts (Hons.) in Journalism from independent Colleges, UK, Oba Adeyemi’s thirst for knowledge propelled him further. He pursued postgraduate studies in Food Safety and Quality Management at Greenwich University, London, and attained a Master’s degree in Mass Communication from the University of Leicester. His quest for scholarly excellence reached its pinnacle with a Ph.D. in Communication Studies from the University of Antwerp in Belgium.

Oba Adeyemi’s academic prowess extended beyond the confines of the classroom, earning him recognition as a world-class scholar. His contributions to the field of Mass Communication, including publications in esteemed academic journals and presentations at conferences across Africa, Europe, and North America, solidified his reputation as a cerebral intellectual.

However, his journey was not confined to academia alone.

Oba Adeyemi’s foray into journalism began humbly as a reporter for The Mail newspaper, where he honed his skills under the mentorship of Prof Idowu Sobowale. His career trajectory led him to prominent roles, including Public Relations Officer at the Lagos State Polytechnic and positions at Thisday Newspaper, where he earned acclaim for his coverage of tourism and hospitality.

Even as his academic and professional pursuits flourished, Oba Adeyemi remained deeply rooted in community service.

His commitment to uplifting others led to his election as the Chairman of the Awori Obas Forum, Ogun State, and his involvement in Rotary Clubs, where he earned recognition as a Paul Harris Fellow.

In 2018, Oba Professor Adeyemi Abdulkabir Obalanlege was crowned the Olota of Otta, emerging as the preferred candidate after rigorous selection by the Ijemo Isoloshi Ruling House. Since then, he has led with wisdom and compassion, fostering unity and progress within the Awori Kingdom.

As the Royal Symbol of Awori Nation celebrates six years on the throne alongside his beloved wife, Olori Oloruntoyin Obalanlege, and their two accomplished sons, Mustapha and Tobi, the good people of Otta-Awori are satisfied about his legacy of scholarship, leadership, and service.

This is a testament to his unwavering commitment to the betterment of the kingdom and the preservation of Yoruba heritage.

May the reign of Lanlege Ekun II, Arole Iganmode Olofin continue to bring peace and tranquility to the entire Otta-Awori kingdom.

Kitigbe o! Omo Iganmode a f’ele ja, a f’ikoti y’oju egba, a fi ponpondo y’oju Ketu.

Happy 6th coronation anniversary, baba mi!

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