General
Court Convicts Microfinance Manager, 3 Others for N29m Fraud
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission, EFCC has secured the conviction of one Sani Abubakar, a former manager of a Microfinance Bank in Arugungu, Kebbi State, for offences bordering on conspiracy, forgery, obtaining money under false pretence and issuance of dud cheque to the tune of N29 million.
The convicts connived and forged contract documents and award letters from Arugungu Microfinance Bank and used same to obtain 800 units of motorcycles from the petitioner and diverted same to their personal use.
Justice Ibrahim Kangiwa of the Kebbi State High Court convicted Abubakar alongside three others, Abubakar Mohammed, Mainasara Kallamu and Abdulrazaq Abdullahi.
They were charged to court on April 12, 2017 and faced eight charges to which they pleaded “not guilty”
To prove its case, the prosecution called five witnesses and tendered 22 exhibits.
Justice Kangiwa noted that the prosecution proved its case beyond every reasonable doubt and sentenced them to three years in prison on count one, two, three, four and five.
On count six, they are all to serve seven years each, while on count seven they are to serve five years each. The first and second defendants were sentenced to two years in prison each on count eight. All sentences are to run concurrently without option of fine.
The court further ordered that the convicts pay restitution of N29 million to the complainant.
General
How We Rescued Ex-Lagos CP’s Wife from Kidnappers, Recovered N10m Ransom, Others—Police
By Modupe Gbadeyanka
The wife of a former Commissioner of Police (CP) in Lagos, Mr Hakeem Odumosu, Mrs Folashade Odumosu, has been rescued from the kidnappers’ den.
Mrs Odumosu, whose husband retired as an Assistant Inspector General of Police (AIG), regained freedom in the earlier hours of Thursday, January 23, 2025, after some police detective launched an attack on her abductors.
She was forcefully picked up by the suspects on Thursday, January 16, 2025, at about 9:45 pm from her car outside her residence in the Arepo area of Ogun State allegedly by four masked gunmen.
Immediately after the incident, police operatives attached to the Ogun State Command began surveillance for her rescue, which finally happened a week later.
In a statement issued by the police spokesman, Mr Olumuyiwa Adejobi, narrated that the Ogun State police operatives engaged in extensive surveillance of the creeks surrounding Arepo, gathering crucial information to track down the assailants.
It was stated that their efforts culminated in a raid today after an intelligence-led operation took the police to a creek in the swampy area of Ikorodu where the kidnappers were reportedly planning their next attack.
Upon arrival, the operatives encountered the kidnappers, who opened fire. In the ensuing confrontation, two of the gunmen were neutralized, while four others fled the scene, abandoning their operational weapons.
The victim, Mrs Odumosu was rescued within the swampy creeks during the operation, unharmed. She is currently undergoing medical evaluation as a precautionary measure and has since been reunited with her family.
The police also recovered four AK-47 rifles, three locally made single barrel rifles, ammunition of various calibres, and the sum of N10 million ransom previously demanded by the kidnappers, further ensuring that justice is served.
The Inspector-General of Police (IGP), Mr Kayode Egbetokun, commended the Ogun State Commissioner of Police, Mr Lanre Ogunlowo, and his operatives for the successful operation, saying it exemplifies the dedication and resilience of police officers.
General
Telco Tariffs Hike: FCCPC Promises to Ensure Compliance
By Adedapo Adesanya
The Federal Competition and Consumer Protection Commission (FCCPC) has said it would ensure compliance with the new telecommunications tariff adjustment.
Earlier this week, the Nigerian Communications Commission (NCC) allowed for a 50 per cent hike in tariffs for the first time since 2013.
Although stakeholders have expressed dissatisfaction with the level, the law establishing the policy will have to be followed.
While the telcos have silently expressed that the 50 per cent level was too low for the sustainability of the industry; consumers want a lower threshold with an association protecting customers saying it will approach the courts.
Speaking on how it will ensure compliance, the Director of Corporate Affairs of FCCPC, Mr Ondaje Ijagwu, said the commission was working with the NCC to ensure consumers are not infringed upon during the transition period and beyond.
He urged telecom operators to prioritise visible and measurable improvements in network reliability, speed, accessibility, and customer service as part of any tariff adjustment, saying that consumers’ interest is paramount.
According to him, it is crucial that tariff adjustments directly translate into demonstrable and tangible service enhancements for consumers, commending the NCC for adopting a deliberate and measured approach by rationalising the tariff adjustment and linking it to commensurate improvements in service quality.
”Operators are now required to disclose all key details upfront, including the cost, validity period, and the specific inclusions of a plan.
“Consumers can also expect a mandatory disclosure table from their service providers, enabling them to make informed decisions without worrying about unexpected charges or surprises,” he said.
Mr Ijagwu said the Memorandum of Understanding (MoU) signed between the FCCPC and NCC would provide a unified framework to oversee the implementation of the tariff adjustment in a manner that met the needs of consumers, encouraging consumers to report any unfair practices or concerns through the agency’s official channels to ensure effective resolution.
General
Rough, Smooth Ride for Motorists, Commuters on Lagos-Abeokuta Expressway
By Emmanuel Udom
The 81-kilometre Lagos-Abeokuta Expressway seems to be taking shape both for good and bad, as the Minister of Works, Mr Dave Umahi, works tirelessly to fix major roads and expressways in Nigeria.
Checks by Business Post in the last week revealed that from the Lagos end of the expressway, motorists and commenters seem to be having a smooth ride and rough from the Ogun State end, especially after the Toll Gate area, as pointed out by a commercial bus driver plying the Lagos-Abeokuta route, Mr Segun Abayomi.
He lamented on Thursday that from Toll Gate inward Ogun State, most of the terrible and dilapidated points and bus stops have been neglected by the government, though repairs are ongoing, according to our correspondent, who plied the road from Ewekoro in Ogun State to Iceman in Lagos State today.
It was observed that caterpillars and bulldozers, as at the time of filling this report, were busy fixing the roads at major bus stops and points from Toll Gate inward Ogun State, precisely around Joju, Corn-oil area, Omiyale, Pakoto, Vulcanizer, Bungalow, and U-Turn near Mountain of Fire Church in Ifo, Ogun State.
A female trader, returning from Oshiodi, lamented while boarding a commercial bus, of the health hazard caused by the dust raised by the workers in tiling the roads. She said the dust was affecting commuters, motorists and others.
This was confirmed by this newspaper, though efforts are being made to water the ground around Omiyale, near The Apostolic Church Convention ground and parts of Aiyede, to address this issue.
Recall that some weeks ago, Business Post that the government was doing a quick fix on the road to ease the hardship citizens playing the expressway go through daily.
The road connects Lagos to the capital of Ogun State, Abeokuta, and is one of the busiest inter-state and intra-city routes in Nigeria, covering more than 250,000 PCUs daily and constitutes one of the largest road networks in Africa, according to Wikipedia.
In 2017, the Lagos State government announced plans to put a BRT lane on the Lagos-Abeokuta Expressway in two phases, with the first from Oshodi to Abule Egba, and the second from Abule Egba to Toll Gate, the boundary area between Lagos and Ogun States.
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