The Economic and Financial Crimes Commission (EFCC) and Cubana Chief Priest have reached an out-of-court settlement with respect to the naira abuse case against the nightlife promoter.

Cubana arrives at the federal high court, Ikoyi, Lagos, on Thursday for the continuation of his “naira abuse” trial.

The Economic and Financial Crimes Commission (EFCC) charged him on April 16 on three counts related to alleged naira abuse.

He was arraigned the following day at the federal high court in Lagos.

When the charges were read, the social media celebrity pleaded not guilty.

Kehinde Ogundare, the judge, thereafter granted him bail in the sum of N10 million with two responsible sureties in like sum.

The judge ruled that the bail conditions must be perfected within seven days.

Cubana was released to his lawyer who must give an undertaken to produce him later. The trial was adjourned to May 2 for continuation.

More to come…

The presidency, on Wednesday, released a video to back its claim on securing a $600 million investment commitment from A.P Moller-Maersk, a Danish shipping company.

The minister of industry, trade, and investment, Doris Uzoka-Anite, was informed in the video by Keith Svendsen, chairman of APM Terminals, that the corporation and its partners will invest $500 million, or half a billion dollars, in the Apapa ports.

Maersk’s subsidiary APM Terminals oversees container terminal operations and offers comprehensive inland and cargo services.

The video, which shows the minister, Svendsen, and other participants in the meeting, was uploaded on X formerly known as Twitter on February 9.

“We just finished the upgrading of Onne facility to meet world-class capabilities. So we invested over $100 million there,” Svendsen had said at the meeting.

“Our proposal is to upgrade the Apapa port facility with our partners there and invest half a billion ($500 million) in upgrading the facilities.”

In a statement on April 28, Ajuri Ngelale, special adviser to the president on media and publicity, said Nigeria secured a $600 million investment commitment from Maersk to expand existing ports infrastructure in the country.

Ngelale had said Robert Uggla, chairman of A.P Moller-Maersk, made the investment commitment during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum (WEF) in Saudi Arabia.

However, in a report by Lloyd’s List on April 29, officials of the logistics firm said no $600 million investment deal was signed with the Nigerian government.

The officials of the company, according to the publication, said such a deal does not exist.

“Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to develop opportunities for growth to people, the port sector and businesses locally,” the company told Lloyd’s List.

“Therefore, it is natural to have an ongoing dialogue with the administration. However, we are not able to comment on any investment talks.”

Reacting to the development on May 1,  Bayo Onanuga, special adviser on information and strategy to the president, also said no agreement was signed between the federal government and Maersk.

Citing Maersk’s statement, Onanuga said the company was unable to comment on investment talks, stressing that it did not also expressly deny that there was an investment discussion.

The teenager who died in Tuesday’s horrifying attack in east London has been identified by London’s Metropolitan Police, and he is Nigerian!

Fourteen-year-old Daniel Anjorin, a British-Nigerian, lost his life after he and two police officers were stabbed in an east London street attack by a guy brandishing a sword.

One male, age 36, has been taken into custody on charges of killing someone.

An injury to a 33-year-old man occurred when the suspect’s van collided with a Laing Close property, according to an official statement from the Metropolitan Police.

Subsequently, the suspect physically assaulted the victim, causing a wound to his neck.

Additionally, a 35-year-old man suffered lacerations to his arm during an assault inside a neighboring residence.

The Metropolitan Police have stated that although both victims’ injuries are serious, they are not considered to be life-threatening.

After this, the suspect proceeded to attack Anjorin.

“It is with great sadness that one of those injured in this incident… has died from his injuries,” Chief Superintendent Stuart Bell of London’s Metropolitan Police told reporters at the scene.

“He was taken to hospital after being stabbed and sadly died shortly afterwards.”

According to Buckingham Palace, King Charles III expressed disbelief at the stabbings and praised the bravery of the emergency services.

“His thoughts and prayers are with all those affected, particularly the family of the young victim who lost her life,” a spokesperson said.

Prime Minister Rishi Sunak said in a post on his X account that “such violence has no place on our streets.”

In an interview with LBC, Sir Mark Rowley, the Metropolitan Police commissioner, said: “The first thing to say is to the parents involved, that they lost their 14-year-old son, and that is just horrible, and it is La everyone’s worst nightmare.

“I’m sure we’re all thinking about them.”

On the other hand, Holy Family Catholic School, where the teenager’s mother works, issued a statement.

“It is with great sadness that I share with you the news of the death of the son of one of our staff members.

“Please keep Mrs. Anjorin, her husband and her other children in your prayers.”

One resident, who asked AFP not to be identified, recounted the experience of hiding behind a window while the suspect was outside her house, shouting: “Do you believe in God?” in the police.

“We were very scared and we were trying to hide and not show ourselves through the window because he was standing right next to our house and he could have seen us if he had looked up.”