(VIDEO) MAGIC! OBA OF LAGOS STAFF OF OFFICE REAPPEARS MYSTERIOUSLY

The Oba of Lagos staff of office has suddenly reappeared in a mysterious manner.

The Staff of Office was among other artefacts and traditional valuables looted during the endsars protest violent attack on palace of the Oba of Lagos.

The attack followed shootings of protesters at the Lekki toll gate in Lagos Island area.

Read More: Tinubu Reveals Those Who Attacked His Companies

But in a mysterious manner similar to a magic movie, the Oba of Lagos staff of office suddenly reappeared.

Eko Princes and Princesses forum condemns attack on Oba of Lagos’ Palace


Read More:

https://theconscienceng.com/video-magic-oba-of-lagos-staff-of-office/

SEE WHAT ENDSARS PROTESTERS DID TO CRIMINAL TRIALS IN LAGOS COURTS

There are indications that criminal trials in Lagos courts have been disrupted by #EndSARS protesters.

TheConscience reports that Lagos courts have been empty as the #EndSARS protesters nationwide continue to block major roads creating hours of gridlock and sometimes grounding intracity and intercity movements.

As a result, many trials have also suffered setbacks as The Nigerian Correctional Service, NCS, have not brought suspects to court for fear of possible attack.

The prosecution and the defense lawyers who came to court were said to have gotten new dates.

Read More: See What Nigeria Soldiers Are Doing in Abuja over #ENDSARS

Some of the major trials that have stalled include that of the condemned kidnapper, Evans before Special Offences Court, in Ikeja and the trial of suspects who were alleged to have illegally imported firearms into the country, before Justice Ayokunle Faji of the Federal High Court, to mention few.

Read more:

https://theconscienceng.com/endsars-protesters-trials-in-lagos-courts/

SEE WHAT NIGERIA SOLDIERS ARE DOING IN ABUJA OVER #ENDSARS PROTESTS

Nigeria soldiers Monday morning took over key locations and streets in Abuja to prevent the #EndSARS protesters from converging.

The protests in Abuja have in some cases got out of hand with suspected hoodlums attacking protesters as well as pro-SARS groups.

The situation has often led to clashes that leave several persons injured with vehicles and other property damaged.

There have been reports that a protester, who was stabbed by one of such hoodlums, died in a hospital.

Read More: How NULGE Chairman Allegedly Stole N17.5m


https://theconscienceng.com/see-what-nigeria-soldiers-are-doing-in-abuja/

HOW NULGE CHAIRMAN ALLEGEDLY STOLE N17.5M

More revelations have emerged on how a National Union of Local Government Employees (NULGE) chairman allegedly embezzled public funds.

TheConscience reports that the NULGE Chairman, Ado Local Government Chapter, Benue State, Otsapa Ubani Otsapa, was arraigned by the Economic and Financial Crimes Commission EFCC for alleged criminal conspiracy, abuse of office and diversion of public funds to the tune of N17.5 million.

Otsapa’s case is before Justice Moris Ikpambese of the Benue State High Court, Makurdi.


Read More:

https://theconscienceng.com/how-nulge-chairman-allegedly-stole-n17-5m/

#ENDSARS PROTEST: PRIMATE AYODELE REVEALS WHAT BUHARI MUST DO NOW

Primate Ayodele Elijah has warned President Buhari on urgent necessary steps to avoid further escalation of the #EndSARS protests in Nigeria.

Primate Ayodele, spiritual leader of the INRI Evangelical spiritual church, said President Muhammadu Buhari should not attempt to end the protests with force as that will escalate the crisis.

In a statement on Sunday, the spiritual leader asked the President to sack all his service chiefs including the Inspector General of police, Chief Of Army Staff and Others to douse the tension of the protests against police brutality in the country.


Read More:

https://theconscienceng.com/endsars-protest-primate-ayodele-reveals-what/

“WE WANT SARS BACK” – NIGERIAN GOVERNORS


Northern governors in Nigeria have rejected the disbandment of SARS, the defunct Police unit accused of extrajudicial killings and extortion of youths.

The state governors under the aegis of the Northern governors forum insisted the elite police unit was helpful in combating violent crimes and insecurity in the Northern region of the country.


Governors of the 19 northern states in Nigeria on Thursday met President Muhammadu Buhari in Abuja and rejected the disbandment of the Special Anti-Robbery Squad (SARS).

Plateau State Governor and Chairman of the Northern Governors Forum, Simon Lalong told State House correspondents after the meeting with the President that the police unit has been useful in the fight against insecurity in the region.


Read more:

https://theconscienceng.com/we-want-sars-back-nigerian-governors/

BREAKING: FG APPROVES SPECIAL SALARY FOR NIGERIAN TEACHERS


To commemorate the World Teacher’s Day, President Muhammadu Buhari has approved a special salary scale for Nigerian teachers.

The President has also increased the number of years of service of Nigerian teachers from 35 to 40.

The Minister of Education, Mallam Adamu Adamu, disclosed this in Abuja on Monday during the celebration of the 2020 World Teacher’s Day.

Read more: How Foreign Equity Firms Trick Nigerian Entrepreneurs

According to the minister, the new salary structure is to encourage teachers to deliver better services.

https://theconscienceng.com/approves-special-salary-for-nigerian-teachers/

How Foreign Equity Firms Trick Nigerian Entrepreneurs


The difficulties Nigerian entrepreneurs endure in the hands of foreign private equity firms and venture capitalists have been blamed on the clever tricks deployed by investors.

Sources on the Nigerian business landscape disclosed that the tricks used by equity partners easily deceive Nigerian business founders into their embrace and eventual takeover of such businesses from founders.


A source familiar with relationships between foreign equity firms and Nigerian businesses revealed that private equity companies are adept at using tax avoidance entities, registering their investment vehicles in places such as Mauritius.

The source also explained that the equity firms insist on the initial investments being in tranches, so as to enable them to scoop shares at much lower value via rights issue.

Another business source explained that foreign equity firms deliberately concede to having a Nigerian founder as Chief Executive Officer for a few years, during which they milk the reputation, goodwill and connections of the founder as a prelude to his/her eviction from the business or being rendered a peripheral figure (such as chairman).

Health Plus CEO, a Nigerian entrepreneur in a face off with the foreign equity firm

“Once they fully grasp the business model and have acquired sufficient nous on the business landscape, they would quickly remove the founder and take control of the Board and Management,” said the source.

After gaining control of the Board and Management, he stated, foreign equity partners tend to borrow locally against the company’s cash flow, taking advantage of subsidized funds, like intervention funds, to drive growth before selling at a premium to the highest bidder.

In recent times, Nigerian businesses such as fast food chain, Chicken Republic; travel firm, Wakanow; pathology laboratory, Pathcare (now Synlab), telecoms concern, Starcomms; FilmHouse/Imax and pharma retail chain, HealthPlus; have seen equity partners dueling with the founders for ownership.

The issue has become one of huge concern in the business and investment circuit. Last week, Nigerian business owners, under the umbrella of the Business Founders Coalition, called the attention of the Federal Government to the plight of local business founders. The coalition, at a press conference held in Lagos, said: “Our experiences have largely been ‘tales of woes’ which have the possibility of stunting the growth of indigenous businesses like ours. We are also hoping that through this coalition, the government can enact policies and laws that will correct that apparent lop-sidedness.”




https://theconscienceng.com/equity-firms-trick-nigerian-entrepreneurs/

HEALTHPLUS SAGA: “EQUITY FIRM LACKS POWER TO REMOVE CEO”

Lawyers to HealthPlus have stated that Alta Semper Capital, a British foreign private equity firm (PEF), lacks the power to remove the CEO.

Lawyers to HealthPlus, the pharmaceutical retail firm at the centre of a running hostile takeover drama, said that Alta Semper Capital, a British foreign private equity firm (PEF), lacks the power to remove Olubukunola George as Chief Executive Officer (CEO) and founder of the company.

The lawyers made their position known in a letter addressed to the equity firm on its announcement, on Saturday, that it had terminated the appointment of George and appointed Chidi Okoro as Chief Transformation Officer (CFO).

The solicitors, AO Muoka & Co, said the action of the PEF is a flagrant disregard for the court as George had, in May, 2020, instituted a suit with number- FHC/L/CS/609/2020 – in which she has pending a motion for interlocutory Injunction seeking to restrain Alta Semper from removing her from office among other things.





https://theconscienceng.com/healthplus-saga-equity-firm-lacks-power-to/

EZE WARNS PROMINENT POLITICIAN OVER RIVERS APC CRISIS


An All Progressive Congress Party APC chieftain, Eze Chukwuemeka Eze has called out a top politician, Senator Magnus Abe over the lingering APC Rivers Crisis.

Chief Eze said Abe and his cohorts should be held responsible for the chain of crises that have rocked the APC in Rivers State in recent years.

Said Eze: “It is on record how Abe and his group have frustrated and ensured that all the efforts by the National Body of APC to organize a peaceful Congresses are frustrated. For reasons only known to him, he refused to go back to the Senate with hope of taking up the position of the Deputy Senate President which was zoned to the South-South just to ensure that the PDP continues to hold sway in the State. What type of party man will be so mean to his party if he is not a tool in the hands of those who feel threatened by the rising political profile of Chibuike Amaechi.


“Today, in the eyes of the public, APC in Rivers State is in the cooler just because a man vowed that unless the gubernatorial ticket is handed to him there will be no APC in the state and sadly, instead of sanctioning such character, he is motivated and encouraged with a Board appointment with the NNPC for being so wicked and inhumane. It is indeed unbelievable and unfortunate.

“He further stated that more shocking is the fact that some APC members who are well versed to these facts are on daily basis blaming the Minster and leader for their woes instead of holding responsible the man who has kept us all in this mess.


https://theconscienceng.com/politician-responsible-for-rivers-apc-crisis/

BREAKING: GOVERNMENT, LABOUR MEET AT 7PM TODAY OVER STRIKE

Government and labour unions have agreed to meet by 7pm today to dialogue and possibly avert the workers strike planned for tomorrow.

Recall that both government representatives and the organized labour had met on Thursday over the impending workers strike to protest hike in the prices of petrol and electricity tariff, however, the meeting ended in a deadlock.

The organised labour had accused the government of insensitivity over the implementation of the deregulation policy which led to the increase of the pump price of petrol as well as the recent hike in electricity tariff.

Nigeria Labour Congress to hold workers strike

At the last meeting, Labour insisted that the Federal Government should revert to the old prices of petrol and electricity tariff before any meaningful discussion could take place.



https://theconscienceng.com/labour-meet-at-7pm-today-over-strike/

TECHNICAL PROBLEMS RUIN LAGOS COMPULSORY STUDENTS TEST


Scores of secondary school students in Lagos state could not write their compulsory students tests on Saturday owing to persistent technical glitches.

Some of the affected students expressed frustration over the lapses and inadequacies of the technical infrastructure for the online students tests.

Some of the students who spoke to TheConscience said though many of them had attempted to log in to their mobile devices as instructed by the school and government authorities, they were however frustrated and could not write the compulsory tests after battling with various issues especially login glitches for over 2 hours.

Technical problems ruin Lagos compulsory students e-test

The system in an apparent server jam had displayed various error messages on the mobile devices instead of granting the anxious students access to the portal for the compulsory students test.



https://theconscienceng.com/technical-ruin-lagos-compulsory-students-test/

SCHOOLS REOPENING: LAGOS STUDENTS TO TAKE COMPULSORY TEST


In line with schools reopening plans, secondary school students in Lagos State are expected to write a compulsory test on Saturday, September 26.

In a circular sent to all secondary school principals, signed by Mr Yekeen Ajenifuja for the Director of Schools Administration, sighted by TheConscience on Thursday, the state government said all students from JSS1 to SS2 must take the test which will be conducted online.

The circular reads: “Please be informed that all students from JSS1- SS2 will take e – test on Saturday 26th September 2020, 10am to evaluate the radio and television lesson program.

The e-test

https://theconscienceng.com/school-resumption-lagos-students-to-take/

SCHOOLS RESUMPTION: LAGOS RELEASES ACADEMIC CALENDAR, RECONFIRMS DATE


Ahead full schools resumption, Lagos government has released 2020/2021 academic calendar and reconfirmed dates for schools resumption.

The Lagos State Ministry of Education, Office of Education Quality Assurance on Sunday released the approved Lagos State school calendar for year 2020/2021 session and released detailed lists for the various classes for the full schools resumption.

According to the time table, both public and private schools below tertiary level will resume First Term academic activities on Monday 21st September, 2020 while the term runs through Friday 18th December, 2020. The Second Term starts

https://theconscienceng.com/schools-resumption-lagos-releases-academic-calendar-reconfirms-date/

EDO 2020 ELECTION: OBASEKI, IZE-IYAMU SIGN PEACE AGREEMENT


Ahead of the Edo 2020 election on Saturday September 19, the two leading candidates have signed a peace agreement to assure peaceful conduct.


The two topmost parties and their respective candidates – Governor Godwin Obaseki of the Peoples Democratic Party (PDP) and Pastor Osagie Ize-Iyamu of the All Progressives Congress (APC) signed the agreement under the watch of Bishop Hassan Kukah of the The National Peace Committee (NPC), TheConscience reports.

The peace agreement which also included all the other contesting political parties was the signed commitment of the two gladiators in the Edo 2020 election as well as other candidates to work for peace and also accept the outcome of the results whichever way it swings.


Edo 2020 election two top candidates

Former Head of State, General Abdulsalmi Abubakar (rtd), who headed the NPC said that the peace pact means that the actors have embraced peace, adding that with the assurances from the Independent National Electoral Commission (INEC) of maintaining neutrality and the Inspector General of police Muhammed Adamu assuring of adequate security, Edo people should come out enmasse and vote on the Election Day even as he lauded the Oba of Benin, Oba Ewuare II for his efforts at bringing the warring parties together when the tension was at its peak.




https://theconscienceng.com/edo-2020-election-governor-obaseki-ize-iyamu-sign-peace-agreement/

SCHOOLS RESUMPTION: LAGOS LISTS CLASSES TO RESUME ON SEPTEMBER 21

In line with plans for gradual schools resumption, the Lagos State government has announced classes of students to resume on September 21.


This is as the state government commenced a gradual but strategic phase of schools resumption and opening of all academic institutions in view of the global covid-19 pandemic and public health and safety concerns for students across the state in line with global and national strategy on phased schools resumption.

Lagos State schools are currently opened to only senior secondary school students in SS3 who just finished writing their WAEC exams last week, TheConscience reports.


The Commissioner for Education, Folasade Adefisayo has confirmed that public schools are to now to open for more students on the 21st of September beginning with the current JSS3 and SS2 students.



https://theconscienceng.com/schools-resumption-lagos-lists-classes-to-resume-on-september-21/

“WHY MEN’S PRAYERS ARE NOT ANSWERED”- RENO OMOKRI


Reno Omokri has explained why some men’s prayers are not answered by God despite being fervent, in a new post apparently for men.

The popular internet evangelist and former aide to President Good luck Jonathan known for his viral Reno nuggets revealed that men’s prayers are hindered when they beat their spouses.

On his Twitter handle, Reno Omokri said, “Some men don’t understand the spiritual impact of beating their wives. You and your wife are one flesh. When you beat her, you beat yourself. Now, while she feels the physical pain, you will feel the spiritual pain through lack of progress in life!

Reno Omokri, popular Nigerian Internet evangelist

“When you beat your wife, your prayers get hindered. Until she forgives you, you are spiritually vulnerable to all types of forces. 1 Peter 3:7 says “Husbands, be considerate as you live with your wives, so that nothing will HINDER your prayers.”

Reno Omokri

Some Nigerian men on social media have reacted to the new post.


https://theconscienceng.com/why-mens-prayers-are-not-answered-reno-omokri/

PREMIER LEAGUE ANNOUNCES OFFICIAL BADGE FOR NEW SEASON

The Premier League has announced that players and match officials will wear a “No Room For Racism” Sleeve Badge for the new 2020/2021 season.

The decision which was announced on Thursday means that all premier league football players and match officials will wear the sleeve badge on their shirts for the first time throughout the new season.

This initiative which was targeted at eradicating racism will build on the momentum created last season when, in consultation with the players, ‘Black Lives Matter’ appeared on kits for all the games following the restart. The League will also continue to support players who ‘take a knee’ at matches.

Read More: Forbes Reveals World Richest Musician, Footballer, Others

Since launching in March 2019, the No Room For Racism campaign has brought together the Premier League’s wide-ranging work promoting equality and inclusion across all areas of football.

https://theconscienceng.com/premier-league-announces-official-badge-for-new-season/

MESSI AND RONALDO: PAUL SCHOLES DECLARES WHO IS BETTER

Messi and Ronaldo controversy has forced legendary footballer, Paul Scholes to declare his choice on who is the better football player.

The 45-year-old Manchester United legend who shared the pitch with both Messi and Ronaldo also played alongside Ronaldo during the superstar’s brilliant six years at the Old Trafford.

However, the former England international rates Barcelona captain Lionel Messi above Christiano Ronaldo and many other football greats like Eric Cantona, Zinedine Zidane, Andrea Pirlo and Xavi.

Scholes said Messi is better that many other great footballers of the era. “I think about the great players with whom I have shared a pitch: Eric Cantona, Zinedine Zidane, Pirlo, Xavi, Cristiano Ronaldo and the greatest of them all is Messi,” Scholes wrote.

Scholes, who is regarded as one of the best midfielders of all time, played four times against Messi in his brilliant career. He spent his entire professional playing career with Manchester United, for whom he scored over 150 goals in more than 700 appearances between 1993 and 2013.

Read More: Donald Trump Nominated for Nobel Peace Prize

His brilliant verdict on the Messi and Ronaldo controversy would go a long way in ending the conversation.

He particularly holds fond memories of his encounter with the Argentine during the second leg of a Champions League semi-final match against Barcelona at Old Trafford in 2008.

Read More: Forbes Reveals World Richest Musician, Footballer, Others

Scholes revealed that he had fouled Messi but was lucky to have escaped the referee’s axe in a very crucial match, and Messi too never made a fuss of the encounter.


https://theconscienceng.com/messi-and-ronaldo-paul-scholes-declares-who-is-better/

COURT ORDERS ACCESS BANK TO PAY N5M FOR BREACHING CUSTOMERS RIGHT

Justice Ibironke Harrison of a Lagos High Court has indicted and ordered Access Bank to pay five million naira for breach of relationship.

Justice Ibironke Harrison of a Lagos High Court presiding in Igbosere, Lagos Island, ordered Access Bank to pay the sum of five million naira to its customers, Blaid Construction Limited and Blaid Properties, for breach of bank-customer relationship.

TheConscience reports that while delivering judgment, Justice Harrison declared that a post-no-debit, PND, alert action by the bank and continued denial of the customers’ rights to access and operate their accounts since 2015 were unlawful, illegal and void except within the periods between July and September, 2016.

The judge noted that the judgment was delivered outside of the 90-day period prescribed by the 1999 constitution due to the COVID-19 pandemic.

The suit was instituted against Access Bank, in May 2017.

The claimants’ statement of claim include a declaration that the post no debit alert and continued denial of the claimants’ right to access or operate their bank accounts is illegal and unlawful; an order directing the defendant to immediately remove and take down the post no debit alert placed on the account; N500 million damages for breach of bank-customer relationship; and costs of the actions.

Access Bank CEO Herbert Wigwe

TheConscience reports that the court noted that Access Bank filed its defense submission in June 2016 while the claimants filed a series of documents, including cheques, solicitors’ letters, among others.

Read More: $875.7million Alleged Fraud: EFCC Re-arraigns Malabu Oil and Gas

Access Bank opened its case on October 22, last year by calling its sole witness, Olugbenga Kutemi, the zonal head business banking division of the bank.

https://theconscienceng.com/access-bank-to-pay-n5m-for-breaching-customers-right/

15,246 NPOWER BENEFICIARIES GET N13.3B NPOWER PAYMENT FROM NSIP

Over fifteen thousand beneficiaries of the Federal government’s Npower support programme has received N13.3b Npower Stipends in Kwara State.

TheConscience reports that a total number of 15,246 beneficiaries of both batches A and B Npower beneficiaries in Kwara received a total sum of N13.3 billion disbursed by the Federal Government’s National Social Investment Programme (NSIP) before the beneficiaries exited the programme.

In a statement on Wednesday September 8, the state representative of the NSIP, Bashirah Abdulrazaq, explained that the batch A beneficiaries of the programme were engaged for 42 months and were paid a total sum of N7.4 billion while the Npower batch B beneficiaries spent about 24 months and received a sum of N5.7 billion from the government funded NSIP Programme.

Npower, government's unemployment support programme in Nigeria

She added that “non-graduates received the sum of N10,000 every month and were engaged for a period of 24 months with a total sum of over N24 million spent.”

Read More: NCDC Reveals New Covid19 Deaths and Cases In Nigeria

This online newspaper gathers that the State government in a bid to avoid throwing out the beneficiaries after exiting the Npower support programme has created a similar support programme called K-Power.

Meanwhile, Abdulrazaq also gave updates on a related Trader Moni programme which she announced has benefitted 10,000 residents with over N1.3billion released to them for trading purposes but has sadly not been refunded.


https://theconscienceng.com/15246-npower-beneficiaries-get-n13-3b-npower-payment-from-nsip/

STUDENTS TO WIN N6M, AS UBA FOUNDATION BEGINS 10TH ANNUAL COMPETITION

UBA Foundation, today commenced the 2020 edition of its annual National Essay Competition in Nigeria with a call for entries.

Now in its tenth year, the National Essay Competition (NEC) is part of UBA Foundation’s education initiative which is aimed at promoting the reading culture and encouraging healthy and intellectual competition amongst secondary school students in Nigeria and across Africa.

This year’s edition, which is the 10th since inception, has been modified to ensure ease of access and increased participation of senior secondary school students from the comfort of their homes through the introduction of a digital submission portal.

Taking into consideration the effects the Covid-19 pandemic has had on lives and incomes across board, the UBA Foundation has also increased the prize money for the 2020 edition of the NEC by 33 per cent as the first prize winner will get an educational grant of N2.5m, up from N2m in 2019. The second and third prize winners will now receive N2m and N1.5m educational grants respectively, from N1.5m and N1m which were awarded in the previous year’s competition.

The Chief Executive Officer, UBA Foundation, Mrs. Bola Atta stated that with the newly introduced digital submission portal, more students in secondary schools across the country will have the opportunity to scan and send in their entries and compete to win educational grants for study at any university of their choice on the African continent.

She said, “As a Foundation, which is the CSR arm of the United Bank for Africa – a fully digitalised bank, we are driven by the mantra to always innovate and adapt to our constantly changing environment. This year, we thought hard about how to ease the pains that everyone is feeling. Students have not been able to go to school and there has been a lot of anxiety in families trying to ensure that educational gaps do not emerge. It is imperative for us at the UBA Foundation that our impact programmes do not wane. We also need to design them to be as inclusive as possible so that those students who don’t have easy access to computers can still participate in the competition with a chance to win grants towards their tertiary edification.’


https://theconscienceng.com/students-to-win-n6m-as-uba-foundation-begins-10th-annual-competition/

ALLEGED N200M FRAUD: HOW DIRECTOR USED ACCESS BANK ONLINE PLATFORM


An Ikeja Special Offences Court, Lagos, has heard how Access bank online payment platform was used by a former director to defraud the company



The former financial director of A&P Foods Limited, Mr Fidelis Umuokoro had allegedly defrauded the company to the tune of about two hundred million naira using the Access bank online payment platform.

TheConscience reports that the defendant was arraigned by the Economic and Financial Crimes Commission, EFCC on a 6 count charge bordering on conspiracy, forgery and stealing contrary to section 411,363 and 285 (1)(a) and punishable under s365 and s287 of the criminal law of Lagos state, 2011



This online newspaper gathers that the Commission said that Umuokoro committed the alleged offences between July 2016 and July 2019, using Access Bank online platform, before his dismissal in July 2020 as a result of allegations of stealing among other sundry offences.

Access bank office

During the arraignments he pleaded not guilty to all the charges.

Led in evidence by the EFCC counsel, T.J Banjo, the prosecuting witness who is the Company Secretary, Mr Chukwueme Ijei told the court how he discovered the fraud, and raised alarm to the management.

Read More: Trouble! Unity Bank Exposes 53000 Job Seekers Data Illegally

Mr. Ijei said while following up with rental payment of staff’s quarters, a notice came from the Treasury department of the company that payment was made through the company’s account dedicated solely for online banking transaction, which he was not aware of as one of the signatories to the account.

He thereafter, explained that the company had six accounts domiciled in Access, Zenith, FCMB, Standard Chattered, Diamond and UBA bank.

https://theconscienceng.com/alleged-n200m-fraud-how-director-used-access-bank-online-platform/

N160M FRAUD: FRAUDSTERS WHO OUTWITTED UNION BANK JAILED FOR 35 YEARS

A Lagos Special Offences Court, Ikeja, has convicted and jailed three fraudsters for 35 years for defrauding Union Bank Plc of N160 million.

TheConscience reports that following EFCC EFCC investigation and prosecution, the Court found the trio guilty, convicted and sentenced the fraudsters who outsmarted the “big, strong and reliable” financial house, to a total of 35 years imprisonment. convicted and sentenced the fraudsters who outsmarted the “big, strong and reliable” financial house, to a total of 35 years imprisonment.

The convicted fraudsters are: Solomon Uguma, Oladimeji Ajanaku and Raymond Onyekwere.


This online newspaper gathers that The convicted fraudsters were given the jail terms by the presiding judge, Justice Mojisola Dada, after founding them guilty of all the charges made against them by the Economic and Financial Crimes Commission (EFCC).


Delivering judgment in a charge marked ID/674c/17, Justice Dada awarded Solomon jail-term of ten years, while Oladimeji and Raymond were given 15 years respectively, after pronouncing them guilty of all the charges leveled against them.

Read More: Alleged N200m Fraud: How Director Used Access Bank Online Platform

The three convicts whose trial began before the court since 2017, were charged and arraigned before the court alongside Obinna Obed Akwuimu and a limited liability company, Raynard Integrated Limited, on five counts charge of conspiracy, forgery, obtaining under false pretence and use of false documents.

The convicts, according to the EFCC had on September 17, 2016, conspired among themselves and fraudulently obtained the sum of N160 million from Union Bank Plc.

To defraud Union Bank of the said amount, EFCC Counsel, Franklin Ofoma had told the court that the convicts forged and presented to the bank, a Rivers State Inland Revenue’s document dated August, 2016 and captioned “Government of Rivers State of Nigeria; Rivers State Internal Revenue Service -Re: Notice Of Intention to Levy Distrain”.


The prosecutor, Franklin Ofoma further told the court that Obinna Obed Akwuimu who was formally charged alongside the convicts jumped bail and now at large, had forged the Rivers State inland Revenue Service documents used in perpetrating the fraud.




https://theconscienceng.com/n160m-fraud-fraudsters-who-outwitted-union-bank-jailed-for-35-years/

PENSIONS: COURT SAYS RETIREES ABOVE 60 ENTITLED TO 50% LUMP SUM, WARNS PENSIONS COMPANIES

…Court declares paying 25 percent lump sum payment to retiree above 50yrs by Pensions Administrator illegal.


Justice Oyebiola Oyewumi of National Industrial Court, Abuja has said retiree Mr Maroof Giwa is entitled to at least 50% pensions lump sum.

The Court said this is considering his age which is above 60 years, and the life expectancy of a male Nigerian as projected by WHO, and therefore ordered Arm Pension Managers to pay within 14 days.

The Court held that 25% lump sum calculated by the Arm Pension Managers as claimant’s pension is unlawful that the said withdrawal as clearly stated in the Pension Reform Act is in respect of a retiree who voluntarily retired at age 50 and not applicable to Maroof.

From facts, the claimant- Maroof Giwa had submitted that he approached Arm Pension Managers to apply for pension and withdrawal benefits but the PFA offered to pay 25% of his total retirement savings which he rejected and demanded 50% of the total sum.

The claimant claimed that the computation of the lump sum/benefits by the defendant done on the basis 25% not known to the law that he cannot be treated like a retiree who retired voluntarily that he’s 60 years and above and would want to withdraw 50% or 75% of his total pension.


https://theconscienceng.com/court-says-retirees-above-60-entitled-to-50-pensions-lump-sum/

FRAUD! FORMER UNILAG VC ACCUSED OF 30 CONTRACT SCAMS

Former UNILAG VC, Professor Ogundipe appeared to be in more troubles as another Professor has dragged him to EFCC over fraudulent contracts.

A professor of Obstetrics and Gynaecology and former member of the University of Lagos Governing Council, Boniface Oye-Adeniran, has petitioned the Economic and Financial Crimes Commission over alleged acts of financial crime directly committed by the former vice chancellor of the institution, Prof Oluwatoyin Ogundipe , the Acting VC, Prof Folashade Ogunsola, Bursar, Mr Lekan Lawal and the Director of Procurement, Dr James Akamu, TheConscience gathers.

Oye-Adeniran in the petition, dated August 21, listed over 30 contracts allegedly awarded without satisfying the requirements of the Public Procurement Act as well as other financial infractions against the former UNILAG VC and the management team.

Read More: UNILAG: “Why Babalakin Wanted VC Out Desperately”- Source

In the petition, Oye-Adeniran said, “I retired as a Professor of Obstetrics and Gynaecology, College of Medicine, University of Lagos in 2019 and up until my retirement, I worked with Ogundipe first in his capacity as Deputy Vice Chancellor, and as Vice Chancellor of the University, from November 2017 up till July 2019.”



https://theconscienceng.com/fraud-former-unilag-vc-accused-of-30-contract-scams/

PROPHET AYODELE WARNS TINUBU ON 2023 AMBITIONS

Ashiwaju Bola Ahmed Tinubu, National Leader of the All Progressive Congressional APC has been strongly advised on his 2023 Presidential ambitions.

Primate Elijah Ayodele, leader of the INRI Evangelical Spiritual Church in Lagos has warned the former Lagos State Governor to focus more on his health than on the popularly touted ambition.

The popular prophet with a long string of fulfilled prophesies counseled the highly influential politician that should he ignore his health issues, that may become his albatross for the much coveted desire to rule the country as President.

Ayodele warned Tinubu to focus and pray for his health not to crumble before 2023.

The popular Lagos based prophet who had hitherto prophesied that Tinubu will be betrayed by the Presidency further noted that Nigeria’s President, Muhammadu Buhari won’t give enough support for the APC National leader in realization of his presidential ambition.







https://theconscienceng.com/prophet-ayodele-warns-tinubu-on-2023-ambitions/

MEET UNILAG’S FIRST FEMALE AG. VC, PROFESSOR OGUNSHOLA


Meet UNILAG’s First Female Ag. VC, Professor Ogunshola
HomeFeaturedMeet UNILAG’s First Female Ag. VC, Professor Ogunshola


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MEET UNILAG’S FIRST FEMALE AG. VC, PROFESSOR OGUNSHOLA
August 24, 2020
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Ogunshola

The University of Lagos UNILAG Senate today made history with the election of Professor Folasade Tolulope Ogunshola, as it’s acting vice chancellor.

62 year-old Ogunshola is the first female vice chancellor of the prestigious university in it’s 58 years of history, TheConscience gathers.



Ogunshola had defeated Prof. Ben Oghojafor, a fellow deputy vice chancellor
and emerged winner with 135 votes to 31 for Oghojafor

Though thrown up by an unfortunate circumstance leading to the exit of Professor Oluwatoyin Ogundipe, Professor Folashade Ogunshola nee Mabogunje is a woman of many firsts and laurels.

Read More: UNILAG Senate Appoints New Acting Vice Chancellor

Ogunsola is a Nigerian professor of medical microbiology specializing in disease control, particularly HIV/AIDS.

https://theconscienceng.com/meet-unilags-first-female-ag-vc-professor-ogunshola/

Expectation and excitement are high in South Africa as Prophet Joshua Iginla began construction of an 100,000-seater massive auditorium.

TheConscience reports that the popular prophet, who is the General Overseer of Champions Royal Assembly has announced that the record-breaking 100,000-seater auditorium called city of wonders in South Africa, will be bigger than the city of wonders in Nigeria.

The internationally revered Prophet visited the site where the building is being erected with his wife, Prophetess Stella Iginla, and some of his team members.

The ultra modern structure we learnt sits on a multi-million naira expanse of land acquired in Johannesburg, South Africa.

https://theconscienceng.com/home/joshua-iginla/

President Ibrahim Keita of Mali has been arrested and detained by mutinying soldiers suspected of coup at the Bamako capital, TheConscience reports.

The troubled 75 year-old President Ibrahim Boubacar Keita who assumed office in September 2013, alongside Prime Minister Boubou Cisse were abducted on Tuesday, according to a government source.

“We can tell you that the president and the prime minister are under our control,” a leader, who requested anonymity, told AFP.

This online newspaper reports that President Ibrahim Keita was ‘arrested’ following an earlier launch of mutiny from the nearby garrison town of Kati.



https://theconscienceng.com/home/malian-coup-president-ibrahim-keita-arrested/

The Lagos State government has commenced demolition exercise on the Lekki Regional Road, causing panic and fear in the region, TheConscience reports.

The state has said the move was is in line with plans to step up its urban renewal projects and redefine the state architecture with a more befitting modern outlook and an indication of government’s eagerness and preparedness to execute the projects speedily.

Affected buildings in the exercise are structures that are obstructing the approved Right of Ways and hindering development projects in the state axis.

This development was announced by the State government on Monday, at a meeting with various stakeholders in Alausa, CBD, Ikeja.

https://theconscienceng.com/home/demolition-exercise-panic-as-lagos-hits-lekki-regional-road/