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Alleged N115m Fraud: Court Fixes Tuesday To Rule In Ex-SEC DG’s No-Case-Submission

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An FCT High Court on Friday is to deliver ruling on Tuesday in the no- case- submission filed by the suspended Director-General of the Securities and Exchange Commission (SEC), Dr Mounir Gwarzo on alleged of N115 fraud.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) charged Gwarzo alongside an Executive Commissioner in the Commission, Zakawanu Garuba, with five counts of alleged misappropriation to the tune of about N115 million and conferment of corrupt advantage on a public officer before Justice Hussein Baba-Yusuf.

They, however, pleaded not guilty to the charge.

The defendants, on Feb. 7, through their counsel, Abdulhakeem Mustapha, SAN, and Robert Emupkoeruo, informed the court of their intention to file no-case submission.

This they prayed after the prosecuting counsel, Mr Adesina Raheem, had informed the court that the prosecution was closing its case against the defendants with the testimony of the fifth prosecution witness (PW5), Taiwo Olorunyomi.

Gwarzo’s counsel, Mustapha SAN, on March 18 urged the court to hold that the prosecution has not been able to adduce any credible evidence to make the defendant enter any defence.

He informed the court that the no-case submission he prayed for was brought pursuant to Sections 302 and 303 of the Administration of Criminal Justice Act (ACJA), 2015.

According to him, the prosecution had failed to make out any prima facie case against Gwarzo, adding that the evidence adduced were all contradictory.

He submitted that the prosecution in its written address on the submission relied on the law on certain political office holders and admitted that SEC was not mentioned in the said law.

Specifically, he urged the court to uphold the no-case submission by the first defendant as well as discharge and acquit him of the charge against him.

Counsel to Garuba, Mr Robert Emukpoeruo, also argued that the prosecution had failed from the evidence adduced to make any prima facie case against the second defendant.

He said the evidence adduced by the prosecution during hearing has not established any ingredients of the offence said to have been committed by Garuba.

He, then, urged the court not only to uphold the no-case submission but also discharge and acquit the second defendant.

In his submission , the prosecution counsel, Mr Raheem Adesina, urged the court to dismiss the no-case- submission of the defendants and ask them to enter their defence.

Adesina stated that there was the need for the defendants to explain to the court where they got the severance package from, since there was nowhere in Exhibit ICPC 3, before the court where severance package was mention.

He argued that there was no single word of severance benefit in the SEC Board resolution in July, 2002 (Exhibit ICPC 3).

He said that what was approved and collected was severance benefit when the first defendant never retired from SEC.

The News Agency of Nigeria (NAN) reports that the ICPC accused Gwarzo of committing fraud to the tune of about N115 million in June 2015, when he held forth as SEC Director-General.

It alleged that the suspended D-G received the sum of N104,851,154.94 as severance benefits when he had yet to retire, resign or disengage from the service of SEC.

It added that he conferred a corrupt advantage upon himself when he received the sum of N10,983,488.88 in excess of car grant payable to him.

Garuba, on the other hand, was accused by ICPC of allegedly conniving with Gwarzo to commit the fraud.

NAN

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EFCC Withdraws Appeal against Temporary Order Stopping Arrest of Ex-Gov Bello

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The Economic and Financial Crimes Commission (EFCC) has filed a notice of withdrawal to discontinue an appeal against an order of a Kogi High Court restraining it from arresting the immediate past governor of Kogi State, Yahaya Bello.

In the notice filed on April 22, the EFCC said the withdrawal is predicated on the fact that events have overtaken the appeal.

The commission also admits that the appeal was filed out of the time allowed by law.

“The appellant herein intends to and do hereby wholly withdraw her appeal against the respondent in the above-mentioned appeal,” the notice partly read.

“This notice of withdrawal is predicated on the fact that on the 17th of April 2024, the application filed by the appellant herein was overtaken by the decision of the same high court of Kogi State.

“The orders made ex parte by Jamil on the 9th of February 2024 in said suit which is the subject of this appeal, was made to last pending the hearing and determination of the originating motion on notice which was finally determined by Jamil on the 17th April 2024.

“Furthermore, the notice of appeal was filed out of time and we, therefore, pray that the appeal be struck out for being filed out of time and incompetent.”

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Yahaya Bello: Publish Code Of Conduct For Leaders, Lukman Tells APC

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A former National Vice Chairman, North-West of the All Progressives Congress (APC), Salihu Lukman, says the ruling party should publish its code of acceptable conduct for leaders and elected representatives of the party.

“None of the Second Republic parties will allow what is going on in the case of Yahaya Bello for instance,” Lukman said on Channels Television’s Politics Today programme on Wednesday.

“This is why I keep raising the point about the APC coming up with a kind of code of conduct for elected representatives and leaders of the party because leadership is about trust.”

Lukman, a former Director General of Progressives Governors Forum (PGF) of the ruling APC, also said the party has been reduced to an election platform that has produced some “disasters” as elected representatives because the party organs have failed to meet to discuss critical matters.

“The national caucus was meeting almost every week before the 2015 election,” he said lamenting that eight months into the administration of ex-Kano governor Abdullahi Ganduje as APC national chairman, the National Executive Committee (NEC) meeting of the APC has not taken place.

“Because we are faced with this reality, it presents an opportunity for the leaders of the party to really go back and renegotiate the party because when you have a political party that doesn’t meets, it’s as good as not having a party; we are reduced to another election platform. The danger is that even in managing an election platform, we have produced almost a disaster,” Lukman said.

Political Solution’ll End Ganduje’s Ordeal
He said the mismanagement of political relations has been the reason incumbent governors have been rubbishing their predecessors, despite the fact that they belong to the same political party at one point or the other.

Lukman said the corruption allegations facing Ganduje in Kano has political undertones, arguing that only a political solution would solve it. He said the troubles facing Ganduje in Kano has to do with his squabble with Rabiu Kwankwaso, another ex-governor and 2023 presidential candidate of the New Nigeria People’s Party (NNPP).

Lukman said the protracted conflict between Ganduje and Kwankwaso “was an avoidable crisis which emerged because the party didn’t handle it well” which made Kwankwaso dumped the ruling party.

“We must push Dr Abdullahi Ganduje to renegotiate relationships back in his state because it’s political. If you don’t approach it politically, you will never take it away. You can replace Dr Abdullahi Ganduje and if the capacity to get leaders to do the right thing in their base is not addressed, we will continue to get into this,” he said.

Ganduje and some of his family members are being probed by the state anti-graft agency under the control of Governor Abba Yusuf of the NNPP over corruption charges and the matter is in court. Some APC ward chieftains have suspended Ganduje but the matter has been roped in conflicting court judgements, with the APC disowning those chieftains and affirming the ex-Kano governor as the party’s national chairman.

Like Ganduje, who has a case to answer in court, Bello, also an APC chieftain, has a case before the court.

The Economic and Financial Crimes Commission (EFCC) is prosecuting Bello, the immediate-past Governor of Kogi State on 19 counts bordering on alleged money laundering, breach of trust, and misappropriation of funds to the tune of N80.2 billion.

EFCC chief Ola Olukoyede, who vowed to prosecute Bello or resign, alleged that the embattled ex-governor withdrew $720,000 from the state’s accounts to pay his child’s school fees in advance just before he left office on January 27, 2024.

The anti-graft commission has since declared Bello wanted after his successor, Governor Usman Ododo allegedly whisked him away on April 17, 2024, preventing EFCC operatives to arrest him (Bello) when they laid siege to his Abuja residence.

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Breaking: Another Commissioner Tenders Resignation From Fubara’s Cabinet

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Hours after the resignation of Rivers State Attorney General and Commissioner for Justice, Zacchaeus Adangor, another commissioner in the oil-rich South-South state, Isaac Kamalu, has exited the cabinet of Governor Siminalayi Fubara.

Like Adangor, Kamalu, in a letter to the Secretary to the Rivers State Government, Tammy Danagogo, on Wednesday, rejected his redeployment from the Finance Ministry to the Ministry of Employment Generation and Economic Empowerment.

Kamalu cited absence of peace in Rivers State despite the peace pact by President Bola Tinubu last December. He said it was impossible for him to give his best in an atmosphere of rancour.

The governor had on Tuesday implemented a minor cabinet reshuffle in the state and moved Adangor to the Ministry of Special Duties (Governor’s Office) while Kamalu was moved to the Ministry of Employment Generation and Economic Empowerment.


The Rivers State Government did not provide a reason for their redeployment.

Both commissioners, who are loyalists of ex-governor Nyesom Wike, had previously resigned from their positions last December in the heat of the political crisis in the state and the rift between Fubara and his predecessor who is now the Minister of the Federal Capital Territory (FCT). However, they were reinstated as part of the peace agreement initiated by the President Bola Tinubu.

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