COVER
Court Orders EFCC to Release or Produce Emefiele Nov. 6
Justice Olukayode Adeniyi of an FCT High Court, Abuja, Thursday, ordered the Economic and Financial Crimes Commission (EFCC) to either release the embattled former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, immediately or produce him in court on Nov. 6.
Justice Adeniyi gave the order after hearing an ex parte motion, marked M/122/2023 in a Motion on Notice with the number, FCT/HC/CV/040/2023, filed by Emefiele.
He was first detained from June, when he was removed as CBN Governor, by the Department of State Service (DSS) and later transferred to EFCC last week, seeking his release.
Emefiele, through his legal team, joined the Federal Government,Attorney-General of the Federation (AGF), EFCC chairman and the anti-corruption commission as respondents.
In his ruling, the judge ordered the anti-graft agency to either release the plaintiff/applicant unconditionally or in the alternative produce him before the court next Monday when the Motion on Notice would be heard for the purpose of being admitted to bail.
Emefiele was scheduled to be arraigned by the Federal Government before Justice Hamza Muazu of the FCT high court, Maitama, on August 17 alongside two others, Sa’adatu Ramallan Yaro and a company, April1616 Investment Limited.
They were to be arraigned on a 20-count charge bordering on procurement fraud to the tune of N6.9 billion, conferment of advantage and conspiracy.
The arraignment could, however, not be held due to the absence of Yaro, who was said to be sick and the matter was adjourned August 23.
Due to the plea bargain Emefiele was said to be discussing with the Federal Government, the matter is yet to be heard till date.
Crimes against Journalists: IPC Demands Urgent Investigations into Killings, Attacks on Journalists
From Mike Tayese, Yenagoa
To commemorate this year’s International Day to End Impunity for Crimes against Journalists (IDEI), the International Press Centre (IPC), Lagos-Nigeria has called for urgent but thorough investigations into the documented cases of crimes against journalists so that perpetrators can be held accountable.
The International Day to End Impunity for Crimes against Journalists (IDEI) is observed yearly on November 2nd to pay tribute to journalists killed in the line of duty, and to raise awareness of the dangers of impunity for crimes committed against journalists.
According to UNESCO’s theme for this year’s commemoration – “Violence against journalists, the integrity of elections, and the role of public leadership” – IPC calls on Nigeria to take the lead in guaranteeing the safety of journalists at elections and while covering other assignments so that the country would not continue to rank poorly on global press freedom indicators.
In a release made available by Olutoyin Ayoade Communications Officer IPC, affirms that the threats to journalism and press freedom are alarming on the grounds of the numerous monitored and documented incidents of attacks against journalists which has worsened in the past decade and largely remains judicially unresolved.
According to the statement, among the unsolved killings of journalists in the line of duty in Nigeria are those of Alex Ogbu (Regent Africa Times), Ikechukwu Onubogu, (Anambra Broadcasting Service (ABS), Maxwell Nashan (Federal Radio Corporation of Nigeria), Onifade Emmanuel Pelumi (Gboah TV) and Precious Owolabi (Channels TV).
In addition, the IPC Centre for Safety and Protection of Journalists (ICSPJ) this year alone has recorded twenty-nine (29) cases of attacks involving thirty-nine (39) journalists across the country, including attacks on at least 12 journalists covering the February 2023 general elections – the journalists and other media professionals were subjected to harassment and intimidation.
The statement further said, the nature of attacks include, Imposition of fine, physical assault, harassment, deleting of pictures, unlawful arrest, detention, intimidation, denial of access to polling unit to cover electoral process, molestation, threat to life, abduction, damage to vehicle, sporadic gunshot and explosion, while Persons/groups allegedly responsible were NBC, political thugs, military officers, police officers, angry youths, alleged gunmen, security operatives, kidnappers and duty bearers.
The Executive Director, IPC, Mr. Lanre Arogundade in a statement said: “Frequent attacks on journalists discourages the media from performing its core functions at elections, especially providing credible information to enable the people to make informed choices.
He added: “The fight to end the entrenched culture of impunity for crimes against the media, requires a multi-stakeholder approach, saying this is why IPC along with other media support and media professional groups as well as other stakeholders including the civil society, have for some time spearheaded the campaign for the establishment of a national mechanism for the safety and protection of journalists in Nigeria”.
Mr. Arogundade called on the Tinubu administration to take urgent measures to comply with regional and international frameworks on safety journalists, which UNESCO says should revolve around the three Ps of: Prevention, Protection and Prosecution.
He enjoined the security and the law enforcement authorities to accord high priority to the safety of the Journalists who would be on duty during the off-cycle governorship elections in Imo, Bayelsa and Kogi States on November 11.
Mr. Arogundade however enjoined the journalists to take responsibility for their own safety by adhering to election reporting safety advisory for journalists by IPC and the Nigeria Media Code of Election Coverage.
By Eze Okechukwu, Abuja
Senate yesterday set up a seven-member ad-hoc committee to investigate the circumstances surrounding the lack of completion of the $18.5billion Abuja Centenary Economic City project, a decade after commencement.The Upper Chamber tasked the committee to review the original Public Private Partnership agreement and recommend amendments if necessary to facilitate the smooth and expeditious completion of the project.
The Senate also urged the Federal Government to prioritise the revival of the Centenary City project by providing appropriate support, resolving regulatory issues and addressing any other impediments, given its beneficial potential to the economy and people of Nigeria after 10 years of stalled progress. The resolutions of the senate followed its consideration of a motion titled: “Urgent need to revive and complete the stalled Centenary City Project, to realise its economic and development potential” during plenary yesterday.The motion was sponsored by the Deputy Senate Leader, Senator Ashiru Yisa (APC – Kwara South).Senator Yisa in his lead debate urged colleagues to note that the Abuja Centenary Economic City project commenced in 2014 through a public private partnership to develop a modern city in the mood of Dubai, to commemorate 100 years of Nigeria’s amalgamation celebration.The Abuja Centenary Economic City Project was to be built according to the model and standard of global smart cities like Dubai, Monaco and Singapore.President Goodluck Jonathan laid foundation for the project on February 27, 2014 with a funfare.After Jonathan was defeated in the 2015 general elections, the succeeding Muhammadu Buhari administration put a halt to the project.The project driven by private investors was launched to mark the 100th anniversary of Nigeria costing $18b with 10–15 years completion period.
By Tony Obiechina, Abuja
The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC).This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja on Tuesday.
Speaking at the event, the CAC boss said the two-month timeline to register their agents, merchants, and individuals with the commission, was “in line with legal requirements and the directives of the Central Bank of Nigeria”. “The measure aims at safeguarding the businesses of Fintech’s customers and strengthening the economy,” a statement titled ‘CAC, PoS Operators Agree to Two-Month Deadline to Register Their Agents and Merchants to Strengthen the Fintech Industry”, the CAC added.He stressed that the action was equally backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN guidelines on agent banking.Magaji explained that the timeline for the registration which will expire on July 7, 2024, was not targeted at any groups or individuals but aimed at protecting businesses.Several speakers from the Fintech industry pledged to collaborate with the commission to ensure hitch-free implementation of the directive.Some of them, however, stressed the need for adequate and collective sensitisation, to ensure that the exercise achieved the desired results.The Special Adviser to the President on ICT Development and Innovation, Tokoni Peter, in his remarks, pledged to ensure smooth facilitation of the process in line with the Renewed Hope Initiative of the present administrationThe representatives of Opay, Momba, Palmpay Ltd, Pay Stack, Fair Money MFB, Monie Point, and Teasy Pay present at the event, later signed up for a document to support the project.
By Tony Obiechina, Abuja
Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic transactions.CBN had directed banks to begin charging 0.5% cybersecurity levy on transactions as part of efforts to contain the rising cybercrime threats in the financial system.
According to the Apex Bank, deducted funds will be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA). A circular released by the CBN on Monday directed all commercial, merchant, non-interest and payment service banks to comply with the directive.The circular revealed that it was a follow-up on an earlier letter dated June 25, 2018 (Ref: BPS/DIR/GEN/CIR/05/008) and October 5, 2018 (Ref: BSD/DIR/GEN/LAB/11/023), in compliance with the Cybercrimes (Prohibition, Prevention, Etc.) Act 2015.Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and under the provision of Section 44 (2)(a) of the Act, a levy of 0.5 per cent (0.005) equivalent to half per cent of all electronic transactions value by the business specified in the Second Schedule of the Act is to be remitted to the National Cybersecurity Fund, which the Office of the National Security Adviser shall administer.The exemptions included loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, intra-bank transfers between customers of the same bank, and Other Financial Institutions (OFIs) instructions to their correspondent banks.The exemption also applies to interbank placements, banks’ transfers to CBN and vice versa, inter-branch transfers within a bank, cheque clearing and settlements, and Letters of Credit (LCs).Others include banks’ recapitalisation-related funding only bulk funds movement from collection accounts; savings and deposits including transactions involving long-term investments such as treasury bills, bonds; and commercial papers; government social welfare programmes transactions, e.g. pension payments; non-profit and charitable transactions including donations to registered non-profit organisations or charities; educational institutions transactions, including tuition payments and other transaction involving schools, universities, or other educational institutions.Transactions involving the bank’s internal accounts, such as suspense accounts, clearing accounts, profit and loss accounts, inter-branch accounts, reserve accounts, nostro and vostro accounts, and escrow accounts, are also exempt from the levy.The central bank warned that Section 44 (8) of the Act prescribes that failure to remit the levy constitutes an offence punishable on conviction by a fine of not less than two percent of the defaulting business’s annual turnover, among other things.
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