Connect with us

News

Just In: Emefiele Reportedly Opts For Plea Bargain With FG

Published

on

203 Views

The suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has reportedly opted for a plea bargain leading to an indefinite shift in his arraignment in court.

Sources privy to the development said Emefiele and his co-accused, Saadat Yaro, have opted for a plea bargain policy to settle with the Federal Government.

Recall that the federal government filed a N6.9 billion 20-count charge bordering on alleged breach of procurement laws and contract inflation on the suspects.

However, the arraignment scheduled for Wednesday by a High Court of the Federal Capital Territory was not stated on the cause list of the court this morning.

Similarly, Emefiele and his co-defendant, Yaro were not in court neither was any unusual security presence observed around the court premises.

The lawyers of the parties involved in the matter were also not present in court, while the arraignment was shifted at the instance of the detained CBN Governor to enable all parties come into an agreement.

Emefiele’s lawyer Kehinde Akinlolu (SAN) was also said to have confirmed the shift in the arraignment, adding that a new date may likely be issued by the Chief Judge, Justice Hussein Baba Yusuf.

Meanwhile, the court has commenced proceedings on other matters on the cause list.

News

Curfew, restriction for Akran of Badagry’s burial rites

Residents said the rites would affect social and commercial activities around the palace and may force many residents especially those working outside Badagry to return home early.

Published

on

By

3 Views

Following the death of the 89-year-old monarch, De Wheno Aholu Menu-Toyi I, the Akran of Badagry., restrictions have been imposed on vehicular movements around the palace vicinity with some sections of the road leading to the place barricaded.

Commuters were said to be directed to take alternative routes.

Sources said the traditional worshippers have started observing rites necessitated by the demise of the monarch.

Security and palace officials were seen restricting movement in the immediate vicinity.

Residents said the rites would affect social and commercial activities around the palace and may force many residents especially those working outside Badagry to return home early.

Continue Reading

News

Akran of Badagry is dead, aged 89

The demise of the monarch marks the end of his 48-year reign on the throne, making him one of the longest-serving traditional rulers in Lagos State.

Published

on

By

10 Views

Photo: Akran of Badagry, De Wheno Aholu Menu-Toyi

The traditional ruler of the Badagry local government area in Lagos State, the Akran of Badagry, De Wheno Aholu Menu-Toyi, is dead, aged 89.

The demise of the monarch marks the end of his 48-year reign on the throne, making him one of the longest-serving traditional rulers in Lagos State.

According to the palace, the Akran was pronounced dead by medical experts, after a brief illness, and the traditional rites for his burial have gradually commenced.

Residents of Badagry, who are currently mourning the loss of their revered monarch, described his death as a heavy blow, noting that the town has lost not just a king but a father figure whose wisdom, counsel and presence brought reassurance in moments of uncertainty.

Continue Reading

News

Osun sues UBA, officials to court over illegal LG accounts

They were specifically accused of allowing the opening, operation and maintenance of accounts for each of the local government councils “by unknown private individuals as signatories…

Published

on

By

25 Views

• Map of Osun State

The Osun State Government has instituted a criminal case against United Bank for Africa Plc (UBA) and four of its top officials over alleged illegal opening of local government accounts.

Tribune newspaper reported that the Chief Magistrate Court, sitting in Osogbo, Osun State, has fixed January 30 for the hearing of the case, marked Charge No: MOS/601c/2025.

The defendants in the suit are: the UBA Plc, its Group Managing Director, Mr Oliver Alawuba, the Company Secretary and Group Legal Adviser, Mr Billy Odum and the Deputy Managing Director, Mr Chukwuma Nweke.

In the charge sheet, the government filed the 31-count charge against the bank and its officials, with each count relating to alleged infractions involving opening of bank accounts for the state’s 30 local government councils.

In count one, the prosecution alleged that the defendants, on or about December 9, 2025, and on subsequent days, at UBA’S Osun State branch office located in the Olonkoro area of Osogbo, conspired to commit a felony by opening, operating and maintaining what it described as illegal Osun State Local Government Council accounts.

The alleged offence, the charge stated, occurred within the Osogbo Magisterial District and is said to be contrary to and punishable under Section 516 of the Criminal Code, Cap 34, Volume 2, Laws of Osun State of Nigeria, 2002.

They were specifically accused of allowing the opening, operation and maintenance of accounts for each of the local government councils “by unknown private individuals as signatories” after the Local Government Service Commission had introduced to the defendants, Directors of Administration and General Services and Directors of Finance of all the local governments as signatories to the councils’ statutory accounts “and thereby committed an offence contrary to Sections 2 and 3 (1) and (2), and punishable under Section 5(1) and (2) of Osun State Local Government Accounts Administration Law, 2025.”

Continue Reading

Trending