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Nigeria Has Become World’s Capital For Corruption, Unemployment

Nigeria Has Become World’s Capital For Corruption, Unemployment
Nigeria Has Become World’s Capital For Corruption , Unemployment - Chief Olu Falae

A former Secretary to the Government of the Federation, Chief Olu Falae, on Sunday decried the worsening insecurity and poor state of the Nigerian economy.

Falae, who addressed journalists in Akure, Ondo State, said Nigeria had become the corruption and unemployment capital of the world.

Nigeria Has Become Capital For Corruption

The elder statesman insisted that if the activities of bandits who were already shooting down military jets were not checked on time, they would soon develop the boldness to negotiate for control of territories in the country.

He added that Nigeria was already at the edge of the cliff.

He said: “We are already at the edge of the cliff. The question is, are they going to topple into the abyss below? Or are we going to find a way of pulling back from the precipice? That is the question.

“For us to pull back, there must be a political initiative that will signal that tomorrow will be better than today. If there is no such signal, I don’t know what is going to happen tomorrow, I don’t know.”

Chief Samuel Oluyemisi Falae CFR (born September 21, 1938), simply known as Olu Falae, is a Nigerian banker, administrator and politician from Akure, Ondo State. He was secretary to the military government of Ibrahim Babangida from January 1986 to December 1990, and was briefly the Finance Minister in 1990. He ran for president in Nigeria’s Third and Fourth republics.

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$34.4m Money Laundering : Defence Counsel’s Application Stalls Bail Hearing of Binance Executive

Hearing of bail application of Binance Holdings Limited and one of its Executives, Tigran Gambaryan, before Justice Emeka Nwite of the Federal High Court, sitting in Maitama, Abuja, was on Thursday, April 18, 2024, stalled following a fresh application filed by counsel to the second defendant, Mark Mordi, SAN.

The defence’s application, a further affidavit in response to the Economic and Financial Crimes Commission, EFCC’s opposition to the initial bail application filed before the court, could not be heard because the EFCC’s counsel, Ekele Iheanacho, prayed for an adjournment to properly respond to it.

“My Lord, this is a criminal trial, we need to do the needful. It will be unfair for me to be shut down on the issue of fair trial. It’s not even convenient on my own part to seek for this adjournment, but the needful needs to be done, my Lord. That is why we are applying for a short adjournment for Monday or Tuesday to reconvene, and to file our further counter affidavit”, he said.

Meanwhile, Mordi didn’t oppose the adjournment prayer of the prosecution but said the prosecution was claiming they had an intelligence that the defendant is a flight risk and may run away.

“My Lord, it is a fact we didn’t know, that they had an intelligence that the defendant may run away because he has dual nationality. He knew it, he didn’t say it, and all we are doing is to respond to what he will say here in the court. He can say that now and we can continue. We can give him two hours to do so because the liberty of my client is at stake”, he said.

Justice Nwite, after listening to the counsels, adjourned the matter till April 22, 2024, for hearing of bail application.

Tigran Gambaryan is facing trial by the EFCC over alleged $34,400,000 (Thirty-Four Million, Four Hundred Thousand United States Dollars), money laundering charges.

He was arraigned alongside Binance Holdings Ltd and Nadeem Anjarwalla, (who is currently at large) on five-count charges bordering on alleged tax evasion, currency speculation and money laundering.

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Court dismisses money laundering charges against ex-AGF Adoke

A Federal High Court, Abuja, on Friday, dismissed the Economic and Financial Crimes Commission (EFCC)’s money laundering charge filed against former Attorney-General of the Federation (AGF) and Monster of Justice, Mohammed Adoke.

Justice Inyang Ekwo, in a ruling on Adoke’s no-case submission, said he found that the EFCC had been unable to prove the essential ingredients of the evidence adduced in counts one to four of the 10-count charge filed against the ex-AGF and his co-defendant, Aliyu Abubakar.

Justice Ekwo, who held that the evidence were manifestly unreliable, consequently upheld Adoke’s no-case submission.

He, therefore, declared Adoke discharged and acquitted of the money laundering charge.

However, the judge held that the anti-graft agency had been able to make a prima facie case against Abubakar, the oil magnate, in counts five, six, eight, and nine of the charge preferred against him.

But he struck out counts one, seven, and 10 against the businessman.

The judge therefore adjourned until April 22, April 23, and April 24 for Abubakar to open his defence.

EFCC had sued Adoke and Abubakar on a 10-count amended charge bordering on money laundering offences.

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E-gates at Abuja Airport to be deployed for operation next week- Minister

Minister of Interior Dr Olubunmi Tunji-Ojo has test ran the electronic gates (e-gates) mounted at the Nnamdi Azikiwe International Airport, Abuja.

According to the minister on Friday, the job is 99 percent done adding that the e-gates would be deployed for operations by next week.

Among other top government officials at the airport to witness the groundbreaking initiative are the Permanent Secretary in the Ministry, Dr Aishetu Ndayako and the Comptroller-General of Immigration, Kemi Nanna Nandap.

Addressing the media, the minister said the e-gates were being deployed to eliminate human interfaces, reduce bureaucracy and make movements of passengers in and out the country seamless.

The Minister said 29 of the e-gates would be deployed in Lagos, four in Enugu and Kano while Port-Harcourt would have five.

He disclosed that the Airport infrastructure and Command and Control Centres have been subjected to different tests with fake and expired passports rejected while genuine ones were cleared.

“With this massive infrastructure, we believe that no unwanted persons or persons of interests can find their ways into Nigeria. Our security through the Airports and in the Airport domains are guaranteed.

“It is a testimony to what Mr President told us from day one on his Renewed Hope Agenda. He asked us to change the narratives and make passengers movements in and out of the country seamless.

“You can see that we have all our team here working in synergy with the authorities of the Federal Airport Authority of Nigeria, (FAAN) the Nigeria Customs Service and other stakeholders.

“I must at this point commend the Minister of Aviation, Hon Festus Keyamo (SAN) and other critical stakeholders who have made this transformation possible.”

Earlier, Tunji-Ojo said the era of unnecessary delays for passengers who come into the country due to manual scanning by immigration officers would be a thing of the past by the time the project came to fruition.

Tunji-Ojo recalled that the Federal Government had promised Nigerians that upon their arrival in the country, they would enjoy a seamless passage at the airports through e-gate, unlike in the past.

Tunji-Ojo said that with what he saw on ground, he had no doubt that, when completed, Nigerians would no longer be at the mercy of NIS officers or anybody else when they arrived in Nigeria.

The minister explained further that for the country to also add another layer to its national security architecture, it should be able to have about two or three licence verifications.

This, he said, would enable the appropriate authority to easily flag anybody or a passenger who happened to be a person of interest or on the watch list.

He added that by the time the project came on stream, it would go a long way towards supporting NIS officers and enabling them to effectively do their jobs.

E-gate is an electronic gate — just like a scanner—that has all the modern facilities required to scan passengers who just came into the country via the airports easily and faster without the usual delay.

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