The Body of State Attorneys-General of Nigeria has lauded Mr. Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), for his progressive and developmental strategies in combating economic and financial crimes and other forms of corruption. This commendation was delivered in Abuja on Thursday, 25th July 2024, by the Chairman of the Body, Dr. Ben Odoh, who led the Attorneys-General from all 36 states on a courtesy visit to the EFCC’s corporate headquarters. Dr. Odoh highlighted Olukoyede’s extensive experience as a distinguished anti-corruption advocate and praised his innovative initiatives aimed at intensifying the fight against corruption.…
Author: Adewale A.
Justice M.A. Oyetenu of the Federal High Court in Uyo, Akwa Ibom State, has sentenced Etiusen Stephen for defacing Naira notes. Stephen was charged on 19th July 2024, facing two counts of Naira abuse, a violation of Section 21 of the Central Bank of Nigeria (CBN) Act. One of the charges against Stephen read: “That you, Etiusen Stephen Udo, on or about 27th June 2024 in Uyo, Akwa Ibom State, within the jurisdiction of this Honourable court, did sell Forty Thousand Naira notes (N40,000.00) to one Edidiong Usoro, thereby committing an offence contrary to Section 21 (4) of the Central…
In March 2024, the Federal Executive Council approved the relaunch of the restructured Nigeria Youth Investment Fund (NYIF), kick-starting it with an initial capital of N110 billion. This initiative aims to enhance access to finance for young people and youth-owned enterprises, driving national development. It seeks to generate crucial employment opportunities to combat youth restiveness, encourage marginalised, unemployed, and underemployed youths to engage in sustainable income-generating projects and promote the active participation of young people in Nigeria’s socio-economic development through youth enterprise clusters nationwide. The programme targets individuals aged 18 to 40, detailing the steps necessary to support business establishment,…
A recent report indicates that the iPhone 18 will incorporate at least one new camera sensor, with Samsung replacing Sony as the supplier. This development could mark the end of Sony’s exclusive contract for iPhone sensors. While the details remain sparse, there is no information yet on whether the main and telephoto sensors will also shift from Sony. The reasons behind this change are not clear, but the most straightforward explanation is Apple’s strategy to diversify its supply chain. Using multiple suppliers, including Samsung, not only mitigates risks related to production issues but also strengthens Apple’s negotiating leverage, allowing it…
Google is launching a series of new features for its Google Play store on Android, including a subscription service similar to Game Pass, improved app comparison tools powered by AI (artificial intelligence), and the chance to win a Pixel phone through its reward program. Google Play is introducing categorized Collections that showcase content from apps already installed on your device. These categories, such as shop, watch, and listen, help organise app content, making it easier to pick up where you left off. For instance, you’ll see a “continue watching” row for streaming apps and the latest deals from selected retailers.…
CrowdStrike has issued a preliminary Post Incident Review (PIR) regarding the recent content configuration update that caused a Blue Screen of Death (BSOD) error on Windows systems. This overview will be followed by a detailed Root Cause Analysis, to be made publicly available soon. The PIR uses general terms to describe the Falcon platform for clarity. On Friday, 19 July 2024, at 04:09 UTC, CrowdStrike released a routine content configuration update for its Windows sensor to gather telemetry on emerging threat techniques. This update, however, caused a system crash on Windows hosts running sensor version 7.11 and above. The issue…
The Cloud Security Alliance (CSA) and its AI Technology and Risk Working Group are thrilled to announce the release of their latest paper, the AI Model Risk Management Framework. This critical guide is designed to help organisations navigate the complexities of artificial intelligence (AI) and machine learning (ML) with a proactive risk management approach. As AI and ML models become increasingly central to innovative solutions, it is imperative to meticulously manage the associated risks, such as data biases, factual inaccuracies, and potential misuse. The AI Model Risk Management Framework offers a comprehensive strategy to ensure the responsible development and use…
Cybersecurity firm CrowdStrike has announced plans to implement enhanced checks and staggered updates to prevent a recurrence of the global IT outage that affected millions of computers last week. The Texas-based company outlined initial findings from its investigation into the incident and detailed steps to mitigate future risks. On Wednesday, CrowdStrike revealed that it would improve its internal testing processes to prevent disruptions similar to the recent widespread issues that impacted various sectors, including airlines and retailers, due to a faulty software update. Microsoft estimated that approximately 8.5 million Windows devices, representing less than 1% of all Windows machines, were…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has underscored the need for increased collaboration among all stakeholders in the fight against corruption. He made this appeal in Abuja on Tuesday, 23 July 2024, during a one-day familiarisation visit by the Old Students Association of Federal Government College Ikom, Abuja Chapter, to the EFCC headquarters. Speaking through the Head of the Media and Publicity Unit, Dele Oyewale, Olukoyede stressed that winning the anti-corruption battle requires a multifaceted approach involving all stakeholders, particularly in whistleblowing. “The fight against corruption necessitates collaborative synergy, whistleblowing, building, and…
Justices R.M. Aikawa and Darius Khobo, presiding over the Federal High Court and the State High Court respectively in Kaduna, have convicted and sentenced four individuals for internet fraud. The convicts, identified as Anthony Chukwu (alias Carmelita Luna), Madaki Shamun Ismail (alias Will Beal), Samson Aliyu (alias John Dunwell), and Christopher Israel (alias Bernie Dallas), received varying jail terms for their crimes. The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) prosecuted the quartet on separate charges of impersonation, obtaining by false pretence, and money laundering. Chukwu’s charge stated: “That you, Anthony Chukwu (alias Carmelita Luna), in…
Operatives from the Kano Directorate of the Economic and Financial Crimes Commission (EFCC) have apprehended a banker, Kamaluddeen Lawal, along with three businessmen on charges of recycling and manipulating Naira notes. The other suspects have been identified as Ismail Ibrahim Ilu, Lamido Bala, and Abba Mohammed. They were arrested at Unity Road in the Kantin Kwari market, Kano, following credible intelligence about individuals suspected of trafficking substantial sums of cash. Investigations revealed that the suspects specialised in acquiring mutilated Naira notes from various banks. Their scheme involved removing a few notes from each bundle and depositing the altered bundles into…
Husqvarna is proud to partner with Liverpool Football Club, one of the most iconic football clubs on the planet. As part of the multi-year global agreement, Husqvarna will become the official groundskeeping partner of LFC, the first partnership of its kind for both parties. Since 2021, LFC has been using Husqvarna robotic mowers to maintain the pristine conditions of the green spaces at AXA Training Centre, and AXA Melwood Training Centre, supporting the Grounds management team to ensure that LFC’s playing surfaces continue to be of the highest standard for players. Through this partnership, Husqvarna’s state-of-the-art equipment and innovative solutions…
The announcement by the Federal Government that it will provide 186 meters at our flow stations is very curious and needs an explanation from the Minister of Petroleum. A Flow station is simply a tank where crude oil is stored as it flows in the oil pipelines, awaiting export. The international oil companies are responsible for the flow of crude oil because they manage the pipelines and flow stations as operators. If the FG wants to place meters at these flow stations to know how much crude we produce for export, it follows that nobody, apart from the international oil…
At last, the Supreme Court of Nigeria has ruled in favour of Nigeria’s 774 Local Governments (LGs)! May God’s name be praised! Yes, the Supreme Court’s ruling is a significant victory, ordering 20.6% of the federation account allocation to be paid directly to LG accounts, as constitutionally mandated! But how did Nigeria descend to this point? Most state governors sought to control LGs by appointing their herds and apparatchiks as council chairmen, thus disregarding elections. President Bola Tinubu deserves the highest praise imaginable for taking bold action. In Nigeria, state governors have historically been reluctant to grant fiscal autonomy to…
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has successfully secured convictions for six individuals before Justice A. A. Okeke of the Federal High Court in Abeokuta, Ogun State. The convicted individuals are Aladeusi Korede Seun, Akande Habeeb Kunle, Aliu Faleti Opeyemi, Oseni Suleimon, Tobiloba Ebhodaghe Wadiale, and Shedrack Obioma. They were arraigned on Friday, 19 July 2024, on separate charges related to money laundering and impersonation. These charges contravene Section 18 (2) of the Money Laundering (Prevention and Prohibition) Act, 2022, and Section 22 (2)(iv) of the Cyber Crimes (Prohibition and Prevention) Act, 2022. All…
Justice (Professor) C. A. Obiozor of the Federal High Court in Benin City has sentenced businessman Olabinjor Ajobor to seven years in prison without the option of a fine for fraud. Ajobor was initially arraigned in 2018 and re-arraigned in July 2023 on an amended three-count charge of obtaining money by false pretences. One of the charges stated: “That you, OLABINJOR AJOBOR, and BISOFRANK INVESTMENT LIMITED, on or about the 21st day of February 2017 in Benin, Edo State, within the jurisdiction of this Honourable Court, did with intent to defraud, induced Mr. George Ezomo to deposit the sum of…
Operatives from the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have apprehended 10 individuals suspected of illegal mining activities in Ogbomoso, Oyo State. The suspects were caught with six trucks fully loaded with lithium. The names of the apprehended individuals are Yunusa Adisa, Ganiyu Kazeem, Muideen Babayemi, Sulaiman Usman, Adeleke Waliu, Tiamiyu Rokeeb, Olusola Sunday, Oyedokun Oluwagbemiga, Sulaimon Ishiaq, and Olufimihan Eniola. The arrests were made following credible intelligence reports indicating their involvement in the unlawful extraction of solid mineral resources, particularly lithium, which were being transported to undisclosed locations. Investigations are ongoing, and the suspects…
The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arraigned Audu Ishida, also known as Baddie Kylemilli, on charges of internet fraud. The case is being heard before Justice Hauwa’u Buhari at the Federal High Court in Kaduna State. Ishida faces a one-count charge of impersonation, retention of proceeds of crime, and money laundering. The charge sheet reads: “That you, Audu Ishida (Baddie Kylemilli), on or about the 2nd of June 2024 in Jos, within the jurisdiction of this honourable court, retained the sum of $50 from your victim, which you reasonably ought to have known…
The Economic and Financial Crimes Commission (EFCC) has successfully secured the convictions of Benjamin Apagu, Francis Dung Yusuf (a.k.a Richard Miller), and David Bini Semen (a.k.a Rose Kelly). These convictions were handed down by Justices Darius Khobo of the Kaduna State High Court, and R.M Aikawa and Hauwa’u Buhari of the Federal High Court, sitting in Kaduna. The trio faced separate one-count charges prosecuted by the Kaduna Zonal Command of the EFCC. Apagu was charged with misappropriation and obtaining by false pretences, while Yusuf and Semen were charged with impersonation, retention of proceeds of crime, and obtaining by false pretence.…
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Friday, 19 July 2024, arraigned Rufus John Isip, a self-proclaimed forex broker, before Justice C. S. Onah of the Federal High Court in Uyo, Akwa Ibom State. Isip, alongside his company ITM-IT Resources Limited, faces an eight-count charge, including fraudulent conversion, money laundering, and obtaining funds under false pretences amounting to N2,022,081,172 (Two Billion, Twenty-Two Million, Eighty-One Thousand, One Hundred and Seventy-Two Naira). One of the charges against Isip reads: “That you, Rufus John Isip, being the Director of ITM-IT Resources Limited, in December 2020 and May…