The Economic and Financial Crimes Commission, EFCC, on Friday, docked a former Attorney-General and Commissioner for Justice in Lagos State, Olasupo Shasore, SAN, before the Federal High Court in Abuja.
Fidel Info The former Lagos AG was arraigned alongside his company, Middlesex Investment Limited,on a 14-count charge that bordered on his alleged complicity in money laundering to the tune of about N109.8million.
EFCC accused the defendant of failing to report a single lodgment of another N48.8m into the same account, in breach of extant money laundering laws.
The charge sheet further indicated that Shasore had in November 2017, committed same offence by transferring $300, 000 single lodgment into his company account where he is a sole signatory.
The defendant was alleged to have failed to establish an anti-money laundering desk or to designate a Compliance Officer in his company as required by law.
Meanwhile, after the charge was read to him, the defendant pleaded not guilty to all the allegations against him.
EFCC’s counsel, Mr. Bala Sanga, said he was not opposed to his release on bail.
Consequently, trial Justice Inyang Ekwo allowed the defendant to go home on the of administrative bail that was earlier granted to him by the EFCC.
The matter was later adjourned till March 13 for the commencement of trial.
BREAKING: Ilebaye Wins BBNaija All Stars Edition
Following a suspense-filled evening, the grand finale of BBNaija All Stars commenced at 7 pm tonight.
Housemates were gradually eliminated from the competition, with Cross, Pere, and Adekunle being the first to exit. This led to an extraordinary situation where the top three remaining contestants were all female, marking a historic milestone within the Big Brother franchise.
The tension continued, and eventually, Ceec was evicted, leaving Mercy and Ilebaye as the final two housemates competing for the price money of N120 Million
In the end, it came down to Mercy and Ilebaye as the top two finalists, with Baye who emerged victorious as the winner of the BBNaija All Stars Edition
More to follow….
BREAKING: Jubilation across Nigeria as BUA Reduces Price Of Cement To N3,500
One of the major companies in Nigeria, BUA Group , has announced a reduction of ex-factory cement price to N3,500 per bag.
The company, which made this known in a statement on Sunday, said the reduction will take effect from 2 October, 2023.
The statement titled : ‘BUA Cement reduces ex-factory cement prices to N3,500/bag effective October 2, 2023’, reads in full :
“We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.
As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.
NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance
“Total Shutdown”: List of Major Labour Unions that will Join Nationwide Strike
Barring any last-minute change of mind, Nigeria’s organised labour will embark on an indefinite strike on Tuesday, October 3.
The labour leaders in the country said they took the decision following the “failure” of the Bola Tinubu government to successfully implement policies to alleviate the sufferings of Nigerians following the removal of the subsidy on petrol.
“It’s going to be a total shutdown … until government meets the demand of Nigerian workers, and in fact Nigerian masses,” the labour leaders said.
October 3 strike: List of labour unions to join
There are numerous labour unions in Nigeria, cutting across different sectors.
Here is a list of the labour unions that have announced they will join the strike.
Nigeria Labour Congress (NLC)
The Nigeria Labour Congress (NLC) is at the forefront of the strike. The union had earlier embarked on a two-day warning strike. It also gave the government a 21-day ultimatum, which has ended.
Joe Ajaero, the national president of the NLC, complained that “none of the demands put before the federal government had been addressed.”
The NLC is an umbrella body which houses unions for many industries, including nurses, road workers and printers.
Trade Union Congress (TUC)
The Trade Union Congress (TUC) is another major union whose members are ready to join the nationwide strike.
Members of the TUC include senior bank workers and high school teachers, among others.
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is one of Nigeria’s main oil and gas unions.
NUPENG President Williams Akporeha said the union will also join the nationwide strike, according to Reuters.
Workers under NUPENG include fuel tanker drivers, pump attendants, among others.
National Union of Electricity Employees (NUEE)
The National Union of Electricity Employees (NUEE) has also directed its members to commence full mobilisation to join the indefinite strike.
Premium Times reported that the NUEE in a notice signed by its acting general secretary, Dominic Igwebike, urged its members to stop work from the early hours of Tuesday.
This means Nigeria may be plunged into a blackout when the strike begins.
Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI)
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has also asked its members to join the strike.
ASSBIFI’s directive to its members, according to PM News, was issued by the Assistant General Secretary, Admin and Planning, Saka Adekunle and Head, International & Industrial Relations, Anthony Emeh.
This implies that banks may also not be in operation during the strike.
NURTW says it won’t join strike
Unlike other unions, the National Union of Road Transport Workers (NURTW) has said that its members will not be participating in the strike, stating that the plan was “ill-timed and in bad faith”.
The union leader, Alhaji Tajudeen Badiru Agbede, stated the union’s position after an emergency meeting with all the state chairmen, secretaries and treasurers in Abuja, Nigerian Tribune reported.
Meanwhile, the federal government has made another move to halt the planned nationwide indefinite strike as it invited the union leaders for another round of interaction.
The peace meeting will be held on Sunday, October 1, at the presidential villa in Abuja
General6 days ago
FG Declares Wednesday Public Holiday
Education4 weeks ago
Comprehensive List of Courses at University of Ilesa
Economy2 weeks ago
Abuja MOU: Oyetola rounds off council of ministers’ meeting in Abidjan
General2 weeks ago
Governor Adeleke Declares Curfew in Orolu & Irepodun LGs
General3 weeks ago
Atiku to Saraki: Account for 2023 campaign funds”
Entertainment1 week ago
‘This Is Pure Evil’ – Mary Njoku frown at Those requesting DNA Test From Mohbad’s Wife
General1 week ago
Mohbad: I Disguised To Candlelight, Shameful Things People Did – FPRO
General2 weeks ago
Oluwo tackles Obasanjo for ordering Oyo monarchs to stand