BIG STORY

Woman, 3 Others Jailed 160 Years Over Fake Naira Notes

Published

5 years ago

February 24, 2020

A woman, Hadiza Bello, and three other accomplices have been sentenced to 160 years in prison by a Federal High Court, sitting in Yola, Adamawa State, for dealing in fake naira notes.

The convicts were dragged before the court by the Independent Corrupt Practices and other related offenses Commission after they were caught at a checkpoint along Girei-Yola Road.

A statement from the ICPC spokesperson, Rasheedat Okoduwa, said five suspects — Hadiza, Mohammed Dauda, Bello Salisu, Ali Adamu and Hassan Bello, were involved in a deal to exchange the sum of N5m counterfeit notes for N1m real notes, adding that Hassan, a native doctor, could not be sentenced because of his death before conviction.

The statement said, “A Federal High Court sitting in Yola, Adamawa State, has sentenced four persons, including a woman, to 160 years’ imprisonment on a multiple-count charge of conspiracy and possession of counterfeit banknotes.

“Justice Abdulazeez Anka, who handed down the sentences to the convicts in the case brought by the ICPC, ruled that they would spend 10 years in prison on each of the four counts preferred against them.

“Three of the convicts, Hadiza Bello, Mohammed Dauda and Bello Salisu, had in March 2017, left Kaduna and were joined by the fourth convict, Ali Adamu, from Kano, to meet a native doctor, Hassan Bello, who was a counterfeiter at Wamdeo Uba, Borno State, with the intention to procure about N5m counterfeit banknotes to exchange for about N1m genuine banknotes from a customs officer.

“The deal with the customs officer did not go through for undisclosed reasons. However, as they made their way back, they were caught at a checkpoint on Girei-Yola Road, with counterfeit N1000 banknotes to the value of N5, 504,000 by soldiers on duty and subsequently handed over to the ICPC.”

The anti-graft body said an investigation launched by its officers led to the residence of the native doctor at Wamdeo Uba, where he was arrested.

“A search conducted on the premises revealed more counterfeit N1000 bank notes reading the same serial number to the value of N26,000.

“At the conclusion of investigations, except for Bello Salisu, who was charged with abetment to commit an offense of possession of counterfeit banknotes, the other four suspects, including the native doctor counterfeiter, were arraigned on four counts of being in possession of counterfeit banknotes, which is an offense contrary to sections 5(1) (b) and 6(2) (b), and punishable under Section 5(1) (c) of the Counterfeit Currency (Special Provisions) Act, cap. C35, LFN 2004,” the statement added.

In his ruling, Justice Anka found the accused persons guilty on each of the four counts and sentenced them to cumulative 40 years’ imprisonment each, although the sentences would run concurrently.

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BIG STORY

BREAKING: Nigeria’s Inflation Rate Drops To 23.18%

Published

4 hours ago

March 17, 2025

PorscheClassy News

The National Bureau of Statistics (NBS) has reported a decrease in Nigeria’s inflation rate, which fell to 23.18% in February from 24.48% in January.

The announcement was made in the February 2025 Consumer Price Index (CPI) released by the NBS on Monday.

According to the bureau, the headline inflation rate in February increased slightly by “1.30% points when compared to the January 2025 headline inflation rate.”

The NBS stated:

“In February 2025, the Headline inflation rate eased to 23.18% relative to the January 2025 headline inflation rate of 24.48%.”

“Looking at the movement, the February 2025 Headline inflation rate showed a decrease of 1.30% compared to the January 2025 Headline inflation rate.”

On a year-on-year basis, the headline inflation rate was 8.52% lower than the 31.70% recorded in February 2024.

The NBS further noted:

“This shows that the Headline inflation rate (year-on-year basis) decreased in February 2025 compared to the same month in the preceding year (i.e., February 2024), though with a different base year, November 2009 = 100.”

Additionally, the month-on-month inflation rate for February 2025 was recorded at 2.04%.

More to come…

Post Views: 33

BIG STORY

Rivers Assembly Accuses Fubara, Deputy Of Misconduct, Issues Notice

Published

7 hours ago

March 17, 2025

PorscheClassy News

The Rivers State House of Assembly has issued a notice accusing Governor Siminalayi Fubara and his deputy, Ngozi Odu, of alleged misconduct.

A total of twenty-six members of the assembly made these allegations against Fubara in a notice submitted to Speaker Martin Amaewhule on Monday.

According to the lawmakers, their actions are based on “Section 188 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and other existing laws.”

They accused Fubara of various offenses, including unconstitutional and reckless spending of public funds, hindering the Assembly’s activities, and appointing individuals to government positions without undergoing the required screening and confirmation.

Additional allegations include withholding salaries, allowances, and funds designated for the Rivers State House of Assembly, as well as blocking the salary of Clerk Emeka Amadi.

The lawmakers also accused Deputy Governor Ngozi Odu of “conniving and supporting the illegal appointment of persons to government positions without the required screening and confirmation.”

After receiving the notice, Amaewhule forwarded it to Fubara, stating that the allegations had been brought forward by “not less than one-third (1/3) of the membership of the Rivers State House of Assembly.”

He then urged the governor to respond to the allegations, citing Section 188(3) of the Constitution, which states, “Within 14 days of the presentation of the notice to the Speaker of the House of Assembly (whether or not any statement made by the holder of the office in reply to the allegation contained in the notice), the House of Assembly shall resolve by motion, without any debate, whether or not the allegation shall be investigated.”

Amaewhule further advised the governor to take appropriate action and extended his “esteemed regards.”

Post Views: 43

BIG STORY

BREAKING: Lagos Court Orders Oba Otudeko To Appear For ‘N30bn Fraud’ Trial

Published

9 hours ago

March 17, 2025

PorscheClassy News

The Federal High Court in Lagos has instructed Oba Otudeko to appear before the court and enter a plea in response to the charges filed by the Economic and Financial Crimes Commission (EFCC).

The directive was issued on Monday by Justice Chukwujekwu Aneke.

The EFCC had previously filed a 13-count charge against Otudeko and three others over an alleged N30 billion loan fraud.

During the proceedings, the judge ruled that Otudeko must take his plea before the court could address an application contesting its jurisdiction in the matter.

The case has been adjourned to May 8.

More to come…

Post Views: 45