General
Obiwanne ‘Invictus Obi’ Okeke Risks 30-Year Jail Term
By Adedapo Adesanya
The Nigerian entrepreneur, Mr Obinwanne Okeke, who was recently arrested in the United States of America for an alleged $11 million fraud, could spend up to 30 years in jail if found guilty of the charges levelled against him.
Mr Okeke, popularly known as Invictus Obi, was charged with two counts of computer fraud and wire fraud, which carry a maximum 10 and 20 years respectively under American law.
He appeared before Michael Nachmanoff, a magistrate with the District Court of Eastern District of Virginia, on August 7 to answer charges of wire fraud.
The charges were investigated by the Federal Bureau of Investigation (FBI) and filed against Mr Okeke by the U.S. Department of Justice, with both authorities saying they were convinced that Mr Okeke duped a UK subsidiary of Caterpillar up to $11 million in business email fraud, amongst other charges.
It was learned that Mr Okeke has since hired John Iweanoge, a Washington D.C. criminal attorney of Nigerian origin, as his lead defence counsel.
Mr Okeke, however, did not enter a plea at his initial arraignment, but was remanded in custody indefinitely in accordance with the U.S. federal laws on the nature of the criminal complaints against him.
A spokesperson for the United States Attorney’s Office for the Eastern District of Virginia, Mr Joshua Stueve, disclosed that the detention of the Nigerian would last until a jury has been selected to look into the charges against him, which may take several weeks.
“It may take another two weeks before a new date is fixed for him to appear in court again,” Mr Stueve said on Wednesday. The spokesperson, however, hinted that Mr Okeke would likely get below the maximum sentence.
“Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors,” Mr Stueve said.
Mr Okeke is being remanded at 401 Courthouse Square, Alexandria, VA 22314, the district headquarters of the U.S. Marshall Service following a remand order which was issued at a preliminary hearing shortly after his arrest.
He was arrested on August 6 in Alexandria, Virginia, just moments before he was scheduled to return to Nigeria.
General
CNPP Begs Wike for Certificates of Occupancy Payment Deadline Extension
By Modupe Gbadeyanka
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has been urged to extend the deadline for the payment of Certificates of Occupancy (C of O) by property owners in Abuja.
This plea for an extension was asked by the Conference of Nigeria Political Parties (CNPP) through a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.
The group said the initial two-week grace period given to the affected allottees, which expired on Friday, January 3, 2025, was insufficient, considering the current economic challenges facing the country.
Recall that after public outcries, Mr Wike, who is the immediate past governor of Rivers State, granted an extension to the owners of the 762 revoked plots of land in Maitama, Abuja.
“We are appealing to the Minister and the Federal Capital Territory Administration (FCTA) to tamper justice with mercy and issue an extension in the spirit of the yuletide and in view of the economic challenges in the country,” the association stated.
It stressed that the extension would give the affected individuals and groups ample time to comply with the directive, thereby avoiding any undue hardship or loss.
“We pray that the Minister and the FCTA will grant the allottees an extension to comply with the directive, giving all the affected individuals and groups enough time to have themselves to blame at the end of the final extension,” the statement added.
The CNPP’s appeal comes on the heels of its recent expression of concern over the escalating hunger and suffering faced by millions of Nigerians due to the economic realities in the country.
General
All Farmers Association of Nigeria Dissociates Self From Ado Kano
By Adedapo Adesanya
The All Farmers Association of Nigeria (AFAN) has dissociated itself from an unofficial viral statement by one of it members, regarding posters indicating activities of the organisation.
The group dissociated itself from the member in a statement signed by its National President and the National Secretary, Mr Kabiru Ibrahim, and Mr Yunusa Halidu, respectively.
“This post is made by an authorized member, Ado A Ado Kano.
“The opinions and views expressed here are those of the author and do not reflect the official policy or position of the group, its administrators, or other members.
“For official statements, please refer to AFAN official contact or platform,” parts of the statement made available to Business Post stated.
According to AFAN, the unofficial posters flying around doesn’t represent the association, noting that Mr Kano is not authorized by AFAN or its officials but those of the author.
AFAN is the umbrella organisation for all farmers’ commodity associations in Nigeria.
Its vision and mission are to assemble all Nigerian producers into one organization, providing a single interlocutor for the government to address agricultural issues with the farming community.
AFAN was formed by the merger of the All-Farmers Association of Nigeria (ALFA) and the National Farmers’ Association of Nigeria (NAFAN). The merger was recommended by former Nigerian president, Mr Olusegun Obasanjo.
General
BUA Debunks Claims of 90% Completion of Refinery in Akwa Ibom
By Adedapo Adesanya
BUA Group has denied widespread reports that its ongoing construction of a 200,000 barrels per day capacity refinery located in Akwa Ibom State is 90 per cent completed.
In a statement signed on Sunday, the group with subsidiaries in food, cement, and energy sectors said that the claims that the structure was at end stage did not come from it.
“Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us,” a part of the statement read.
It clarified that the project was progressing well and added that it was going to meet the project timeline of 2025.
“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.
“Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.
“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the group said.
BUA is also carrying out other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country, which it said are also progressing rapidly.
The group says this will add additional capacity to our over 1,000MW installed captive power generation capacity.
“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons,” the statement said.
“At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.
“We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria,” it added.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN