₦airaland Forum

If you like go buy $ at 700, you will bite your finger by next week. 500 naira loading to a $.

Kogi politician arrested with N326m and $610,500 cash after allegedly ste@ling N1.4billion from a bank

The Economic and Financial Crimes Commission (EFCC) has arrested a candidate of the New Nigeria Peoples Party (NNPP) for the Kogi State House of Assembly seat, Ismaila Yusuf Atumeyi, with N326 million and $140,500 cash.

Atumeyi, who is seeking to represent Ankpa 11 Constituency in the State Assembly, was arrested on Sunday, October 30, 2022 alongside one Joshua Dominic, an alleged serial fr@udster.

EFCC’s spokesperson, Wilson Uwujaren in a statement said they were arrested in a sting operation at Macedonia Street, Queens Estate, Karsana, Gwarinpa in Abuja.

According to Uwujaren, Femi supplied the inside information that facilitated the att@ck on a bank by the syndicate.

“He (Femi) was picked up Tuesday, November 1, 2022, at Radisson Blu Hotel in Lagos. Following his arrest, a search was conducted on his home in Morgan Estate, Ojodu where a total of $470,000 USD was recovered.

The arrest of the suspects followed months of investigation into the hacking of one of the commercial banks by a syndicate of fr@udsters who pulled off a heist of N1.4billion.

The syndicate allegedly moved N887 million into the account of Fav Oil and Gas limited, from where the monies were paid to several Bureau de Change operators and some auto dealers for exchange into United States Dollars and purchase of high-end cars,” he said.

The EFCC added that Dominic, who has severally been arrested for fr@ud, allegedly helped Atumeyi perfect the hacking plan through Abdumalik.

“Dominic, a self-styled investment expert and managing director of Brisk Capital Limited was arrested in May 2021 by the Special Fr@ud Unit of the Nigeria Police for alleged N2billion investment scm. He allegedly defr@uded over 500 persons in a phony investment scheme.

Two Range Rover Luxury SUVs were also recovered from the two suspects arrested in Abuja. They will be charged to court as soon as the investigation is concluded,” he added.

Final Results for Boripe LGA

A - 91
AAC - 82
ADP - 355
APC - 21205
APM - 56
APP - 25
BP - 05
LP - 04
NNPP - 07
NRM - 13
PDP - 7595
PRP - 24
SDP - 09
YPP - 32
ZLP - 07

https://www.premiumtimesng.com/news/headlines/543096-osundecides2022-official-results-from-local-govts-live-updates.html

#OsunDecides #osundecides2022

Make he bring his 100M APC don win bet9aija

Set up your pharmacy store close to a general hospital. Europe no sweet as u see am oooo.

This is just a single story for a jealous guy. Bring your evidence to support your claims about her and stop the use of blackmail strategy to bring a person down. Sexual harassment allegation for sale things.

IPOB will not like this MNK will be very angry with this suggestion

Scam, run for your life

SugarGirl44:
But it's easy for useless politicians to collect hundreds of millions yearly for doing nothing.
Also easy for them to share new cars to them and collect househelp allowance.
One day sha, sleeping Nigerians will wake up.

The lecturers are free to b politicians to

manontree:
Can someone submit a Dropbox application at DHL using a proxy or must the applicant appear in person?

Kindly help

You must appear in person

Thank you guys I just go an appointment now. Seems 3 slots are still available. Please can someone help me submit my passport and documents for the drop box

This is what the website is displaying for me to. I seems not to know what to do next or is it an issue from their side.

The guys second leg don cut into two ooo.

Government has no business in doing business

You are a mumu man

This is one of the best post I have ever seen, for those abusing the OP, I pray you have the opportunity to travel, that is when you appreciate Nigeria. God bless you OP, I have a first hand experience so I can relate.

premierlead:
You have just commented like a dummy so to say. FYI, The MD knew right that her surbodinate, Mr Thomas wife's is a married woman yet went ahead to have illicit affairs with her to the extent of impregnating her twice and here now you are vituperating gibberish. Kiddo!

The question I have for u is that was the woman raped, was she made to sleep with him under duress. Does the subordinate in question didn't know she is married before opening her legs.

This should move to d front page

This is the time for the youth in Nigeria to push for a new labour laws and end casualization in Nigeria. This is part of our problem and the protesters should make it part of their demand.

I support this

he National Pension Commission (PenCom) and ARM Pension Managers have appealed against the judgment that legitimitises 50 per cent lump sum for retirees.

An senior officer in the pension industry, who spoke on condition of anonymity, said the Commission has also obtained a stay of execution on the judgment.

The appeal and stay of execution order are coming on the heels of a judgment by Justice Oyebiola Oyewumi of the National Industrial Court (NIC), Abuja Judicial Division in the case a 63-year-old retiree, Mr. Maroof Giwa v. ARM Pension Managers and the National Pensions Commission.

Giwa sought the order of the court to claim 50 per cent lump sum from his pension as against the 25 per cent stipulated by the Pension Reform Act (PRA), 2014, which pension managers pay.

The retiree claimed that the computation of the lump sum/benefits by the defendant done on the 25 per cent was illegal.

He argued that he could not be treated like a retiree as he quit service voluntarily and that he’s above 60 and would want to withdraw 50 per cent or 75 per cent of his pension.

Delivering her judgment, Justice Oyewunmi granted Giwa’s prayer.

She said the norm should be broken for Giwa, considering his age, and the life expectancy of male Nigerians as projected by World Health Organisation (WHO).

She held that 25 percent lump sum calculated by the Arm Pension Managers was unlawful.

She said the 25 percent withdrawal stated in the Pension Reform Act is for a retiree who retired at 50. The provision, she said, does not apply to Giwa.

However, Arm Pension Managers, argued that the claimant had no case.

Its counsel, M. Abdulraheem, submitted that the PenCom only guarantees a 25 per cent lump sum.

He submitted that to allow the claimant argument would amount to tinkering with an Act of the National Assembly and that it would enable not only the claimant but also other RSA holders determine what should be paid to them.

He said doing so would amount to usurping the powers of the second defendant as stipulated by law that the withdrawal of lump sum is an option predicated on the condition that the residue in the RSA would be sufficient to procure funds withdrawals or annuity.

Also, PenCom counsel E. O. Awa argued that the Act did not provide for a lump sum of 50 per cent, 65 per cent, 75 per cent or 25 per cent except 25 per cent for an employee who retires before 50 or disengages from employment.

But Justice Oyewumi held that 60 years and above was not in the spirit of Section 7(2) of the Act that specifically made provision for a 50-year-old retiree to withdraw 25 per cent lump sum.

Some observers have, however, said the judgment took advantage of what seems like ambiguity in the law, citing Section 173 of the Constitution, Section 7(1) and (2) as not stating that it applies to retirees who are over 50.

Some experts, however, disagreed, stating that there was no ambiguity.

A chief executive officer, who spoke on the condition of anonymity, said: “While some retirees want 50 per cent, 75 per cent or all their pension to be given to them at a go, others believe the 25 per cent is okay as it will allow them to receive monthly or quarterly pension, which is like salary.

“In any case, it is best to leave the matter to the courts to decide and interpret the law. Ultimately, PenCom approves percentage payouts as they are empowered to by law. We all want immediate gratification which is human nature. And it is more pronounced in a country with very little saving culture. This attitude to savings is further exacerbated by our vey challenging economy. We need to continue to dialogue and hopefully find a middle ground that works most. Pension operators need to lead a campaign to sensitise the public on the objectives of the PRA, such that the stakeholders will see that it was created in their interest,” he added. Source https://thenationonlineng.net/pencom-pfa-appeal-judgment-on-50-per-cent-lump-sum/?fbclid=IwAR3cAqWttDoGFbyZjiFYlOrs0h8Dr5f9OpkVqk1M1o03BfjqrAq41TNyUVc

I am confused as to whether to build or renovate. I need opinion from professionals

The Court of Appeal in Abuja, on Wednesday, dismissed an appeal filed by Slok Nigeria Limited challenging the jurisdiction of the Federal High Court, Lagos, which convicted former Abia State governor, Orji Uzor-Kalu

Mr Kalu, a serving senator, was jailed alongside Udeh Udeogu, his Director of Finance and Accounts at the Abia State Government House during Mr Kalu’s tenure.

The former governor was sentenced to 12 years in prison for stealing public funds while in office. Mr Udeogu was sentenced to 10 years in prison.

A third defendant, Mr Kalu’s company, Slok Nigeria Limited, was ordered to be wound up and its assets forfeited to the Nigerian government.

They were convicted for defrauding the Government of Abia State when Mr Kalu was governor.

The Economic and Financial Crimes Commission(EFCC) had brought the criminal charge against the duo for conspiring and diverting N7.65 billion from the coffers of the state.

After their conviction, Slok and Mr Udeogu filed an appeal on technical grounds. They claimed that the Federal High Court in Lagos did not have the power to try them because that was not where the offence was committed.

The appellants were Slok and Mr Udeogu while the Chief Judge of the Federal High Court, Federal Republic of Nigeria, the EFCC and Mr Kalu were respondents respectively.

However, the argument of the appellants was rejected by the court of appeal. The three judges who presided said in a judgement delivered by one of them, Olabisi Ige, that the appeal was lacking in merit, Punch Newspaper reported.

Justice Ige held that section 98(3) and (4) of Administration of Criminal Justice Act(ACJA) 2015, were not applicable to the appellants’ case.

The appellate court held that a petition must relate to an allegation of wrongdoing by the trial judge.

“Nothing is perverted with the decision of the trial court. The complaint of the appellants is a non-issue.

“If a court has jurisdiction/power, the fact of doing so under a wrong law is no reason to set it aside. The rights of the appellants were not infringed,” the judge said.

The appellate court further held that the appellants did not show mala side (bad faith) by the chief judge and EFCC.

The court added that there was no element of forum-shopping in the case.

The judges upheld the judgement of the lower court, meaning Messrs Kalu and Udeogu will continue to serve their jail terms while Slok would be wound up as ordered by the lower court.

U can't even snap the land make we see, u go do fine poster we be like lekki, sit down there we are coming ooo. I

The House of Representatives is considering criminalising employing workers on casual contracts beyond six months.

The House will also prohibit outsourcing to third parties, while any casual workers sacked by an employer after six months will be entitled to the benefits of full-time workers for six months.

These are being proposed in the Labour Act (Amendment) Bill 2019 awaiting second reading by the House.

Speaking to our correspondent, the sponsor of the bill, Mr Olawale Raji, said the proposal was part of his efforts towards protecting workers in the country.
The amendment to Section 8 of the Principal Act would now read, “(1) Every worker in Nigeria engaged or employed by and has remained in such employment for a period of not less than six months shall have his employment or engagement regularised by the employer as a full and permanent worker of such employer with all its accompanying entitlements.”

The proposed law states that failure by any employers to comply with Subsections 1 and 2 will constitute an offence, which will attract a two-year sentence, N2m fine or both.


5'
NEWS
Reps to criminalise workers’ casualisation
Published February 18, 2020

Leke Baiyewu, Abuja


The House of Representatives is considering criminalising employing workers on casual contracts beyond six months.

The House will also prohibit outsourcing to third parties, while any casual workers sacked by an employer after six months will be entitled to the benefits of full-time workers for six months.

These are being proposed in the Labour Act (Amendment) Bill 2019 awaiting second reading by the House.

Speaking to our correspondent, the sponsor of the bill, Mr Olawale Raji, said the proposal was part of his efforts towards protecting workers in the country.


The amendment to Section 8 of the Principal Act would now read, “(1) Every worker in Nigeria engaged or employed by and has remained in such employment for a period of not less than six months shall have his employment or engagement regularised by the employer as a full and permanent worker of such employer with all its accompanying entitlements.”

The proposed law states that failure by any employers to comply with Subsections 1 and 2 will constitute an offence, which will attract a two-year sentence, N2m fine or both.


The new Section 9 of the principal Act will now read, “(1) Notwithstanding Section 25 of this Act, an employer, who has obtained the minister’s licence, employment outsourcing by such employers within its core aims and objectives of operation is hereby prohibited. It is an offence for an employer to pay another person, whether corporate or natural person, for services rendered to it by its worker.”

The House on December 4, 2019 called on the Central Bank of Nigeria to sanction commercial banks using casual workers to run their critical operations.

After adopting a motion on the matter, the lawmakers called on commercial banks “to convert their casual staff who are handling core operations to permanent staff without further delay,” while urging the CBN “to sanction any bank that fails to comply.”

High Court sitting in Yola, Adamawa State, has sentenced two men to prison over N362m allegedly disbursed by former Petroleum Minister, Diezani Allison-Madueke.

Justice Nathan Musa of High Court 1 on Thursday in Yola also ordered the Inspector-General of Police, Mohammed Adamu, to produce the 3rd defendant, Allison-Madueke before his court.
The Economic and Financial Crimes Commission had charged Ibrahim Mohammed Umar (1st defendant), Sahabo Iya Hamman (2nd defendant) and Allison-Madueke (3rd defendant) to court for allegedly laundering the said N362m.

He said, "The 3rd defendant in her desire to influence election in favour of then President, Goodluck Jonathan, authorised the release of N362m public money through Fidelity bank to the 1st and 2nd defendants to corrupt election officials.”

Considering the evidences as provided by both the prosecuting and defence counsels, Justice Nathan convicted Umar and Hamman on three-count charges.

He therefore, sentenced them to seven years on each of the charges.

The judge however, considered a plea of allocotus from the defence counsel and ordered that the sentences will run concurrently.


Source:http://saharareporters.com/2019/12/12/breaking-court-jails-two-men-over-n362m-trial-orders-igp-produce-diezani?fbclid=IwAR3kUL3mT2owRpObhfXYzmzi7KrRCk2pxzCa1xuczvadVUNvvQEIUJSnPhQ

Go for Nissan Xtrial

Nigeria will surely cash in from this. More revenue for us

Half of Saudi Arabia's oil production has gone offline following a surprise drone strike.

Drones attacked Abqaiq facility in Saudi Arabia and the Khurais oil field run by Saudi Aramco early Saturday morning, the kingdom's interior ministry said, sparking a massive fire at a crude processing plant essential to global oil supplies.

The closure will impact nearly 5 million barrels of crude processing per day, affecting 5 percent of the world's daily oil production. And while Aramco is confident that it can recover quickly, if it can't, however, the world could face a production shortage of as much 150MM barrels per month. An outcome which could send oil prices into the triple digits.

Houthi rebels-- who are backed by Iran in a yearlong Saudi-led battle in Yemen-- have apparently asserted responsibility for the strikes and pledged that more assaults can be expected in the future.
A Houthi spokesperson explained, “We promise the Saudi regime that our future operations will expand and be more painful as long as its aggression and siege continue," adding that the attack involved ten drones.

The Iran-backed Houthis have recently been behind a number of assaults on Saudi pipelines, vessels and other energy infrastructure as tensions grow in the region
There have been no details on the severity of the damage but Agence France-Presse quoted interior ministry spokesperson Mansour al-Turki as saying that there were no human casualties as a result of the attack.


Source: crudeoil.com

I don't mind fairly used.