Connect with us

News

Court grants ex-Warri refinery MD ₦500m bail

Published

on

The Federal High Court in Abuja on Monday granted bail of ₦500m to the former Managing Director of the Warri Refining and Petrochemical Company Limited, Jimoh Yisawu, who is standing trial on an eight-count charge bordering on alleged money laundering.

Yisawu, who is the sole defendant in Charge no. FHC/ABJ/CR/361/2026, pleaded not guilty to all eight counts after they were read to him before Justice Inyang Ekwo.

The charge, dated and filed on June 22, 2026, was brought by the Federal Government.

The prosecution, led by Ekele Iheanacho (SAN), told the court that the defendant allegedly committed offences contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.

In the first count, the Federal Government alleged that Yisawu “indirectly converted the aggregate sum of over $789,950… being proceeds of unlawful activity,” contrary to Section 18(2)(b) and punishable under Section 18(3) of the Act.

In the second count, the prosecution alleged that he made cash payments exceeding $789,950 to one Samaila Bala without using a financial institution, contrary to the provisions of the anti-money laundering law.

In the fourth count, the government further alleged that Yisawu made cash payments totalling $122,600 through one Rasheed Olaitan Yusuf outside the banking system and due process, in violation of the anti-money laundering law.

Following the defendant’s plea, Iheanacho applied for a trial date.

Counsel for the defendant, Wale Balogun (SAN), informed the court that he had filed an application for bail.

Responding, Iheanacho said the prosecution had filed a counter-affidavit opposing the application and urged the court to refuse bail.

See also  Borno attack: Army General, terrorists killed, Tinubu mourns

Balogun, however, argued that the prosecution had earlier granted Yisawu administrative bail and had already seized his international passport. He urged the court to maintain the existing bail terms.

After adopting their respective processes, both counsel argued their applications.

In a ruling, Justice Ekwo held that the defendant was entitled to bail.

The judge said, “Going by Section 162 of the Administration of Criminal Justice Act, 2015)… I therefore grant bail in the sum of ₦500m with one surety in like sum.”

Justice Ekwo ordered that the surety must be a responsible Nigerian with landed property in Abuja and must submit proof of ownership to the court registrar.

The judge also directed the defendant to deposit his international passport with the court and barred him from travelling outside Nigeria without the court’s permission.

Pending the perfection of the bail conditions, the court ordered that Yisawu should remain in the custody of the prosecution.

The case was adjourned until October 25, 26 and 27, 2026, for trial.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Ondo labour accuses teaching hospital of union victimisation

Published

on

The organised labour unions in Ondo State have warned the management of the Federal University of Technology Akure Teaching Hospital against alleged victimisation and harassment of workers in the establishment.

The unions, under the auspices of the Nigeria Labour Congress and the Trade Union Congress, alleged that FUTATH workers were being victimised for belonging to labour unions.

This was contained in a letter addressed to the hospital management and jointly signed by the state chairmen of the NLC and TUC, Demola Olopade and Clement Fatwase.

A copy of the letter was made available to our correspondent on Monday.

According to the letter, the labour unions said it was the right of every public worker to belong to a trade union.

The letter read, “Persistent reports of intimidation, victimisation, and witch-hunt of labour leaders and trade union members solely on account of their legitimate trade union activities have reached us.

“Organised labour shall resist, through every lawful means, any attempt to intimidate or suppress the leadership of its affiliates.

“Organised labour wishes to remind your office that trade unionism is a constitutionally protected institution, not a privilege to be granted or withdrawn at the discretion of any public officer.

“No chief executive, regardless of office, possesses the legal authority to undermine workers’ lawful right to organise or disregard obligations arising from a duly executed agreement.”

The unions also accused the hospital management of breaching the Memorandum of Understanding guiding the transition process from the state to the Federal Government by excluding workers whose names appeared on the agreed nominal roll.

See also  Kemi Badenoch recalls how she snitched on a fellow pupil for cheating in an exam and got him expelled

They urged the hospital to ensure the enrolment of all eligible workers on the Integrated Personnel and Payroll Information System without discrimination.

The unions further demanded that the hospital should “immediately discontinue any practice that requires or pressures workers to renounce or disclaim membership of any lawful trade union, cease every act capable of victimising, intimidating or discriminating against labour leaders and trade union members, and demonstrate full compliance with the provisions of the Memorandum of Understanding.”

The unions threatened to embark on industrial action if the hospital failed to meet their demands within seven days.

The letter added, “Failure to comply fully with the foregoing demands within the stipulated seven-day period shall be interpreted as a deliberate rejection of the resolutions of organised labour and a continued repudiation of the Memorandum of Understanding.

“In that event, organised labour shall have no alternative but to immediately activate all lawful industrial dispute-resolution mechanisms available to it, including the commencement of an indefinite industrial action that may result in the total shutdown of the Federal University of Technology Akure Teaching Hospital, in accordance with applicable labour laws and due process.”

Reacting, the Chief Medical Director of FUTATH, Prof Olusegun Ojo, denied the allegations, saying the management had complied with the terms of the MoU and had not victimised any worker.

Speaking with journalists in his office, Ojo said the labour leaders had misunderstood the agreement, adding that there were established channels for resolving disputes.

He said, “It was disappointing to hear labour leaders publicly declare that they intended to make my work difficult.

See also  US warns Nigerians against visa fraud

“They appeared not to have studied the MoU. Had they asked, I would have gladly explained it to them. I had already discussed the MoU with their leadership.

“Unfortunately, misunderstanding of the agreement resulted in unnecessary disruptions.

“It is disappointing that educated people would disrupt the peace of a hospital. If there are concerns about the leadership, there are established channels for addressing them.

“Hospitals care for cancer patients, people with severe infections and patients awaiting surgery. Even during war, hospitals are protected. I expected greater restraint regardless of their grievances.”

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

Continue Reading

News

See how CBN opened domiciliary accounts for PFIPC phantom agency

Published

on

The Central Bank of Nigeria on Monday said it had opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).

This is as the Chief of Staff to the President, Femi Gbajabiamila, appeared at the headquarters of the Independent Corrupt Practices and Other Related Offences Commission to testify in the ongoing investigation into the activities of the fictitious agency.

The apex bank’s admission came at the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.

The PUNCH gathered that Monday’s hearing revealed critical gaps in the bureaucratic processes that allowed the fictitious agency to obtain the functional perks accorded to real government agencies.

Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said the accounts, one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.

“On July 30, 2025, we received a mandate dated July 29, 2025 from the Office of the Accountant-General. We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.

He explained the CBN’s verification process, saying, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.

“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.

“The department that handles the mandate is different from the department that actually does the account opening,” he said.

Nevertheless, he noted that no one came to activate the accounts after they were opened.

“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.

“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.

“The accounts have maintained zero balance from inception to date and have never recorded any inflow or outflow,” Ibrahim said, adding that a statement of account had been attached to the committee’s records.

However, the CBN’s account directly contradicted an earlier submission by Accountant-General Shamseldeen Ogunjimi, who had claimed that no accounts were opened in the PFIPC’s name.

Walson-Jack testifies

Also testifying before the committee, the Head of the Civil Service of the Federation, Didi Walson-Jack, said her office never allocated any space to the PFIPC.

See also  Iran targets US military sites in Bahrain, Kuwait after wave of US strikes

Records available to the Office of the Head of the Civil Service, she said, showed that the office space reportedly occupied by the council at the Federal Secretariat Phase III had been officially allocated to the Office of the Secretary to the Government of the Federation, not to the fictitious council.

“There is speculation that the council occupied office space in the Federal Secretariat Phase III. We can state categorically that the Office of the Head of the Civil Service of the Federation did not allocate any office space to the council.

“The office space indicated as the council’s official address forms part of the office accommodation allocated to the Office of the Secretary to the Government of the Federation for the use of the OSGF and presidential bodies,” she said.

Walson-Jack, however, told the committee that during the 2025 Annual Manpower Budget Defence Exercise, the council submitted additional documents through one Patricia Akhigbe, including the appointment letter of its Director-General and details of its mandate, after which its request was processed alongside those of 87 other ministries, departments and agencies.

An authorised establishment for 314 positions was subsequently issued to the council, and a recruitment waiver followed days later, she explained.

Walson-Jack said Akhigbe had since been invited for questioning by the police.

She stressed that her office neither deployed staff to the council nor approved any recruitment, and urged the committee to direct further inquiries to the Office of the SGF.

In his ruling after the day’s hearing, committee chairman Gagdi asked the Secretary to the Government of the Federation, George Akume, and other top government functionaries to appear before the panel on Thursday.

He stated, “In continuation of this assignment, the secretariat should invite the SGF to appear and brief this committee on the issues raised.

“Also to appear on Thursday are the Inspector-General of Police, Minister of Foreign Affairs, Minister of Finance, the Attorney-General of the Federation and Minister of Justice as well as the Minister of Budget and National Planning.”

“Also invited are the Accountant-General of the Federation, heads of the Budget Office of the Federation, Revenue Mobilisation, Allocation and Fiscal Commission, the National Salaries, Incomes and Wages Commission.”

ICPC quizzes Gbajabiamila

Meanwhile, in fulfillment of President Bola Tinubu’s directive on July 7 ordering the ICPC to investigate the PFIPC scandal within 30 days, Gbajabiamila appeared at the commission’s headquarters in Abuja, arriving at approximately 3:00 pm and departing at around 3:30 pm.

See also  State police: Federal force can intervene over electoral intimidation — Senate

His legal counsel, Jiti Ogunye of Jiti Ogunye Chambers, confirmed the appearance in a statement signed Monday evening titled “Gbajabiamila Responds to ICPC invitation over Ongoing Investigation into ‘PFIPC’ Fake Agency”.

Ogunye wrote, “In full cooperation with the ICPC, acting as directed by the President of Nigeria, I hereby confirm that my client, Femi Gbajabiamila, Chief of Staff to the President of Nigeria, responded to the invitation of the Independent Corrupt Practices Commission and appeared at about 15:00 hours on Monday, July 20, 2026, as part of the ongoing investigation into the activities of the ‘PFIPC’ fake agency, among others. My client gave his testimony, responded to questions accordingly, and has returned to his duty post.”

Sources within the ICPC confirmed that Gbajabiamila arrived following a formal invitation from the commission and volunteered information relevant to the probe.

“The Chief of Staff was in our office earlier today (Monday). He came to volunteer information to help our investigation on the fake agency matter. He came personally and left after he said all he knew about the matter at hand,” one source said.

Gbajabiamila’s appearance at the ICPC on Monday comes alongside the filing of a N15bn defamation suit against Adeyemi before the High Court of the Federal Capital Territory.

The Chief of Staff is seeking N10bn in general damages, N5bn in aggravated damages and N200m in costs through his legal team led by Kemi Pinheiro, SAN.

The suit stems from allegations Adeyemi made at a press conference in June that Gbajabiamila demanded a 48 per cent kickback from the agency’s purported N27.3bn take-off grant, and that N400m had already been paid through a proxy while an additional N200m was required to secure presidential approvals.

Gbajabiamila denied ever meeting or communicating with Adeyemi or authorising anyone to act on his behalf.

The suit also sought a public retraction and apology published in five national newspapers and pinned on all of Adeyemi’s social media platforms for 30 days.

Ahead of his arrest last week in Osun State, Adeyemi had, in an interview with social media influencer Martins Vincent Otse, known as VeryDarkMan, claimed he personally lobbied Budget Office officials to secure the council’s inclusion in the 2026 Appropriation Act.

He said he first approached the office in December 2024 for the 2025 budget but was told the process had closed.

Officials, he claimed, later assured him the proposal would be considered for 2026.

See also  Read the untold story of Oriire rescue operation

“I went to that Budget Office for the 2025 budget. I submitted the letter and everything that I wanted, but I was told it was already late,” he said.

He denied paying any bribes, saying he merely promised employment opportunities.

He also claimed he was surprised to discover that the agency appeared in the 2026 budget with a N1.3bn allocation, saying he had already been arrested by the time the appropriation was passed.

Adeyemi also distanced Gbajabiamila from the budgetary allocation, saying he had never met the Chief of Staff in person.

“I never met Gbajabiamila physically before and after he was appointed. Dolapo Tanimola handled everything for me,” he said, referencing the same associate the police said died in a hotel fire in Abuja on October 22, 2025, five days before Adeyemi’s initial arrest.

The allegations have not been independently verified, and the Budget Office has not publicly responded.

Opposition divided

Meanwhile, the arrest of Adeyemi, executed by the Intelligence Response Team following a bench warrant issued by the Federal High Court after he failed to appear for his scheduled arraignment, has drawn reactions from opposition parties.

The National Coordinator of the Obidient Movement Worldwide, Dr Yunusa Tanko, called for a public inquest, saying, “There ought to be a public inquest into the matter. We don’t want anything to be done in shrouded secrecy. This scandal is a national disgrace. There is no better way to describe it.”

The Social Democratic Party’s National Publicity Secretary, Rufus Aiyenigba, said the arrest was in order but added that Gbajabiamila should step aside.

He said “It is only fair to also ask the Chief of Staff to equally step aside. This is not the first time allegations are being levelled against him. There is a growing pattern that has become a source of concern.”

The National Publicity Secretary of the National Democratic Congress, Osa Director, alleged that Adeyemi’s arrest was being used to shield others.

Director argued, “The first condition the government has to fulfil is to ask Gbajabiamila to step aside. He cannot be a judge and accuser in his own case. Buhari did it by asking his SGF Babachir Lawal to step aside. What is the big deal about Gbajabiamila stepping aside?”

Adeyemi is due to reappear before the Federal High Court in Abuja on July 27, alongside two accomplices identified only as Femi and Anu who remain at large.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

Continue Reading

News

Senegal’s President Bassirou Faye elected ECOWAS chairman

Published

on

Senegalese President Bassirou Diomaye Faye has been elected Chairman of the Economic Community of West African States (ECOWAS).

Faye was elected on Sunday during the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government held in Lungi, Sierra Leone. He succeeds Sierra Leonean President Julius Maada Bio, who previously chaired the regional bloc.

In another milestone for Senegal, Birame Diop, the country’s former Minister of the Armed Forces, was elected President of the ECOWAS Commission for the 2026–2030 term. The appointment marks the first time since ECOWAS was established in 1975 that a Senegalese national has been elected to lead the Commission.

Diop succeeds Gambian diplomat Omar Touray, who has served as President of the ECOWAS Commission since 2022. As Chairman of ECOWAS, Faye will oversee the affairs of the 15-member regional bloc for a one-year term.

In a statement, the Senegalese presidency said Faye’s tenure would focus on collective security, economic sovereignty and remaining faithful to the vision of the founding fathers of ECOWAS. “It is with humility that I welcome the trust placed in our country, called to the presiding presidency of ECOWAS,” Faye said.

“I thank my peers, Heads of State and Government, for this mark of trust and for the spirit of fraternity that presided over our work. I congratulate General of the Army Birame Diop, elected to the presidency of the Commission, and assure him of my full support.”

Faye also praised ECOWAS for the confidence reposed in Senegal and pledged to work towards a more reconciled and united West Africa during his tenure.

See also  Borno attack: Army General, terrorists killed, Tinubu mourns

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Trending