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Interpol unveils silver notices against money laundering

The International Police Organisation (INTERPOL) has unveiled a new module codenamed Silver Notices to frontally tackle the scourge of money laundering and illicit financial flows across the world, especially in Africa.

The Interpol Vice President for Africa, Garba Umar, said this on Monday while declaring open a four-day Training Workshop for Nigerian law enforcement agencies at the EFCC Academy, Abuja.

According to Umar, money laundering across Africa and the entire world has assumed a monstrous dimension and Interpol has designed Silver Notices to combat the menace.

“Evidence has shown that every hour, hundreds of thousands of dollars are flowing out of Nigeria to the region and across the world, laundered before it reaches the pockets of criminals to enjoy the profits of their crimes, while the hardworking and honest Nigerians pay the price of crime.

“With every successful laundering of criminal money, our country becomes more prone to crime.

“More drugs, more fraud, more corruption and more violence. Every time criminal money is successfully laundered, our financial institutions take an additional blow,” he said.

He stressed that hard times awaited money launderers as the Silver Notices would make illicit funds more difficult to launder in any part of the world.

Umar also spoke on the theme of the workshop, “Strengthening Capacity and Coordination against Financial Crimes”.

He pointed out that financial crimes have become transnational and law enforcement agencies needed regular training for their workforce to be ahead of fraudsters.

He urged all participants at the workshop to take collaboration with other law enforcement agencies seriously to advance their investigations and ensure that criminals did not get to enjoy the fruits of their labour.

“The only way we can move forward as a country is by working together and identifying common problems, jointly devising solutions, and taking coordinated and cohesive action.

“And now is the time that we need to go far, by going together,” he said.

The Chairman of the EFCC, Mr Ola Olukoyede, in his goodwill message, also harped on the need for enhanced collaboration in tackling financial crimes.

Olukoyede stressed that the complex nature of corruption across the world could only be broken by the might of collaborative actions by every stakeholder.

“The daunting nature of the fight against corruption in Nigeria and the world at large deserve serious collaboration among organisations saddled with the responsibility of fighting corruption,” he said.

Olukoyede was represented by the Director, Fraud Risk Assessment and Control, FRAC, of the EFCC, Mr  Francis Usani.

He appraised the pivotal role of the EFCC in tackling corrupt practices, especially its impressive records of convictions and recoveries.

He expressed optimism that, with the new emphasis on preventive framework in tackling financial crimes by the commission, greater progress would be made.

“Our records of convictions and recoveries stand us out, but we will not rest on our oars, we are committed to do more.

“And in this commitment, the EFCC is re-strategising its operations with a focus on prevention  knowing that it is easier and cheaper to prevent corruption from happening than investigating and prosecuting corruption,”  he said.

In his remark, Ambassador Extraordinary and Plenipotentiary of Japan to Nigeria, Mr Kazuyoshi Matsunaga, described the workshop as an important joint initiative between Japan and Nigeria to combat financial crimes.

He explained that in the contemporary globalised world, financial crimes transcended borders and required international cooperation among law enforcement agencies to combat them.

“I am delighted that INTERPOL and the Japanese National Police Agency are an integral part of this project, contributing their expertise.

“A remarkable collaboration took place three years ago when Japanese and Nigerian law enforcement agencies successfully returned a fund to a Japanese fraud victim, earning immense gratitude.

“Strengthening our partnership through this project will benefit not only Nigerians, but people around the world, including the Japanese,” he said.

Hafsat Bakare, Director-General and Chief Executive Officer, Nigerian Financial Intelligence Unit (NFIU), spoke about the imperative of strengthening capacity and coordination against financial crimes.

She pointed out that, “financial intelligence and financial analysis techniques are key to tackling economic crimes”.

The NFIU, she said, was sensitive to the interconnected nature of the criminal justice system, the threat of organised crime and cybercrimes being fought by law enforcement agencies.

Isaac Oginni, Director, Interpol’s Financial Crime and Anti-Corruption Centre (IFCACC), said the only way to disrupt organised crimes was denying fraudsters the financial profit behind their criminal enterprise.

“Besides, financial intelligence can also be utilised well when investigators recognised its value and used it to build a financial profile around suspects.”

He challenged participants and stakeholders at the workshop to collectively work together and fight money laundering.

The four-day workshop, first of its kind and hosted by the EFCC, was organised by INTERPOL and the Japan International Cooperation Agency (JICA).

It drew participants from the police, EFCC, NFIU, the Nigerian Immigration Service and the Nigeria Customs Service.

National

Reps reject bill seeking six-year single tenure for president, governors

The House of Representatives on Wednesday rejected a bill seeking a six-year single term for Nigeria’s presidency.

The bill, sponsored by Ikenga Ugochinyere (PDP, Imo) and 33 others failed to pass second reading on Thursday during a debate on its general principles.

The bill also canvasses the rotation of the presidency among the six geopolitical zones of the country.

35 legislators had in June under the auspices of Reformed-minded Legislators, said the proposition would lead to a reduction in the cost of governance.

Ugochinyere, added that the move would unite the country and ensure a seamless transition and unprecedented development for the country.

The proposed legislation seeks to alter Sections 76, 116, 132, 136, and some others of the 1999 Constitution (as amended).

According to the general principles of the bill, “these amendments was to ensure inclusive governance and to curb wastages occasioned by four year periodic elections.

“The bill among others seeks amendment of Section 132 of the Principal Act by inserting a new subsection (2), deleting the extant subsection (4) and renumbering the entire section accordingly to provide that an election to the office of President of the Federal Republic of Nigeria shall be rotated between the North and the South regions of the country every six years.

“Other amendments include, Section 76 of the Principal Act is altered by inserting a new subsection (3) as follows; (3) For the Purposes of Section (1) of this section, all elections into the offices of President, Governors, National Assembly and State Houses of Assembly shall hold simultaneously on the same date to be determined by the Independent National Electoral Commission in consultation with the National Assembly and in accordance with the Electoral Act.

“Section 116 of the Principal Act is amended by inserting a new a subsection (3) as follows; For the purposes of subsection (1) of this section, all elections into the offices of President, Governors, National Assembly, State Houses of Assembly and Local Government Councils shall be held simultaneously on the same date to be determined by the Independent National Electoral Commission (INEC) in consultation with the National Assembly and in accordance with the Electoral Act.”

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NAFDAC alerts Nigerians on fake products

The National Agency for Food and Drug Administration and Control (NAFDAC) has released a fresh warning on the risks of unregulated products, especially as the festive season approaches.

The warning came after the agency uncovered a warehouse stocked with unregistered and expired supermarket products in Oke-Afa, Okota, part of Lagos State.

According to the Agency on X (formally Twitter), a NAFDAC team acted on intelligence and raided the facility, apprehending operators offloading a 20ft container filled with unregistered carbonated drinks. “A further inspection revealed over 14 rooms packed with unregistered and expired products, some of which were contaminated by rats, indicating poor storage conditions.”

The agency said the facility is currently placed on hold for further investigation and asked the management to provide sourcing evidence such as the Global Listing for Supermarket Items (GLSI) certificate.

It then encouraged consumers to report suspicious activities to any NAFDAC office and remain vigilant by ensuring their product sources are verified, particularly during the coming festive season.

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ICPC tracks N610 billion projects in 22 states

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has kicked off phase 7 of the Constituency and Executive Project Tracking Exercise.

The tracking of the constituency and executive projects is an initiative of the Commission that began in 2019, focusing on how well money allocated to critical sectors of education, health, agriculture, water resources, and power, amongst others, by the government is utilised.

The 7th phase, involving 1500 projects with a total project value of N610 billion, commenced on Monday, November 18th, 2024, in 22 states across the 6 geopolitical zones.

The states are Kwara, Niger, Kogi, FCT, Kebbi, Kano, Kaduna, Jigawa, Bauchi, Gombe, Borno, Lagos, Ondo, Osun, Oyo, Akwa Ibom, Rivers, Cross River, Delta, Imo, Abia and Enugu State.

The phase 7 tracking exercise will cut across agencies of government, including intervention agencies such as North-East Development Commission (NEDC), Niger Delta Development Commission (NDDC), National Agricultural Land Development Authority (NALDA), Universal Basic Education Commission (UBEC), Rural Electrification Agency (REA), National Primary Health Care Development Authority (NPHCDA), Tertiary Education Trust Fund (TETFUND) and Ecological Fund Office.

The objective of the exercise is to deepen adherence to due process in the execution of government projects, improve value for money, and entrench the culture of compliance with the scope and specification as contained in the contract documents.

The ICPC tracked a total of 1,900 projects valued at N500 billion naira in phase 6 of the exercise across 24 states of the nation’s 6 geopolitical zones.

The projects were tracked within the focal sectors of Education, Water Resources, Agriculture, Power, Health, Energy, and Roads.

These projects in the 6th phase were awarded to 1,355 contractors in 176 MDAs.

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FG awards contracts for Calabar, Ebonyi, Benue, Kogi, Nasarawa, Abuja highways

President Bola Tinubu has approved the restructuring of his media team

The Federal Government has signed a contract with Infiouest International Limited for the construction of the Calabar-Ebonyi-Benue-Kogi-Nasarawa-Abuja Superhighway to boost the country’s transportation ecosystem.

Speaking during the signing ceremony in Abuja, Minister of Works, David Umahi, thanked President Bola Tinubu for his inclusive leadership and the distribution of the dividends of democracy.

Umahi also explained that the Legacy Project is strategic for boosting transportation along the economic corridors of the South East and North Central, noting that it would stimulate trade along the regions and foster inter-regional cohesion, cooperation, and collaboration.

He noted that the project will create a seamless movement of goods and services between the Southeast and Northern routes of the road and further the road infrastructure revolution master plan in keeping with the tenets of inclusive leadership in the country.

According to Umahi, the Federal Ministry of Works has also signed a contract with Infiouest International Limited for the construction of Enugu/Abakaliki/Ogoja Highway (Africa Trans-Sahara route) cutting across Cross River, Benue, Kogi, Nasarawa States and terminating in Apo in Abuja.

The Works Minister argued that the project will consist of the reconstruction of the existing jointed, asphalt concrete and laterite surfaced road pavements from Ndibe beach, traversing through Eke Market.

Others, Abaomege, Onueke, Achiagu, Umuoghara/Onu Nwafor, Ukwuachi, Ishieke, Odomoke before terminating at Mbeke in Ebonyi is the third Project spanning 118.85km and it is to be constructed on Continuously Reinforced Concrete Pavement (CRCP).

He assured that the four projects are not just transformational but also critical investments that would turn around the socio-economic fortunes of the country, stimulate diversification, and enhance a more sustainable transportation ecosystem.

Umahi therefore thanked Mr. President for carrying on the execution of the inherited road projects across the 6 Geo-Political zones, including the South East, believing, Lagos – Calabar 750 kilometers sections 1 and 2, construction already are going on very well.

“Despite legal action, the project is a must. We’re supporting Mr. President to have that project accomplished. It is an investment. Very soon, we are starting 3A and 3B in Cross River and Akwa Ibom,” Umahi said.

The Minister argued, “There is Sokoto-Badagry Superhighway, 1,068 kilometers. Two sections are already ongoing. The biggest of the project is the Kebbi section, 258 kilometers. It’s ongoing. We’ve flagged off, and we have paid the first mobilization fee.”

Speaking after signing the contract, the Managing Director of the company, Mr. Joseph Abou Jaounde promised to justify the confidence reposed on them, saying, “We have to carry on with this goal, and we have to prove that we trust in the right place.”

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Alia approves ₦75,000 minimum wage for Benue workers

 Gov. Hyacinth Alia of Benue has approved a minimum wage of ₦75,000 for workers in the state.

Alia in a statement by his Chief Press Secretary, Sir Tersoo Kula, announced the new wage after he met with organised labour representatives on Monday in Makurdi.

The governor said that the new minimum wage would take effect in November 2024.

He stated that the remaining three months of the five-month backlog of salary arrears promised workers would be paid as budgeted in the 2024 budget.

He emphasised that the arrias would be paid along with the new minimum wage.

“We decided to set the wage at ₦75,000, fully aware of the other concerns raised by organised labour during the negotiations.

“These concerns included a minimum wage of N30,000, wage awards, transportation allowances, tax relief, and work-off days, among others.

“Recall that the President had approved the sum of N70,000, which we have decided to exceed, considering the concerns raised by organised labour regarding our ability to pay,” he said.

Alia restated his administration’s commitment to serve the common man and stressed that he would do everything legitimately possible to ensure that Benue workers were properly taken care of.

The governor added that his motivation to ensure the arrears were paid was to alleviate the effects of hardship on workers.

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Lagos court jails NOGASA chair 21 years for N43.5m fraud

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, an erstwhile Chairman of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), to 21 years imprisonment for an N43.5 million fraud.

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) arraigned Philips, alongside his firm, Oceanview Oil and Gas Limited, on April 5, 2022, on a two-count bordering on obtaining money by false pretence to the tune of N43,502,000.00.

Count one read: “Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016, at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43,502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false representation that you would sell to WAPCIL Nigeria Limited $98,870.00, a representation you knew to be false.”

Count two read: “Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016, at Lagos, within the jurisdiction of this Honourable Court, stole the sum of N43,502,000.00, property of WAPCIL Nigeria Limited.”

He pleaded “not guilty” to the charges, which led to his full trial.

In the course of the trial, prosecution counsel M.S. Owede tendered several documentary evidences and called five witnesses to substantiate the allegations against him and his company.

The defence, on its part, called three witnesses during the trial.

Delivering judgment on Monday, Justice Dada held that the prosecution proved its case against the defendants beyond reasonable doubt.

Consequently, the judge sentenced Philips to 14 years imprisonment on count one and seven years on count two, without the option of a fine.

The sentences are to be served concurrently.

The judge also ordered the second defendant, Oceanview Oil and Gas Limited, to pay a fine of N500,000 (Five Hundred Thousand Naira) in respect of count one and another N250,000 (Two Hundred and Fifty Thousand Naira) in respect of count two within 30 days or be wound up.

The court further ordered the convicts to make restitution in the sum of $90,202.00 or the prevailing Naira equivalent to the nominal complainants.

Phillips’ journey to the Correctional Centre began when he collected the sum of N43,502,000 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited, with a false promise of selling its dollar equivalent ($98,870.00) to them. He neither returned the naira nor the dollar equivalent to the petitioners.

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