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Ex-FCMB Staff Docked For N52m Theft

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By Modupe Gbadeyanka

A former employee of First Monument Bank Plc, Ms Oluwatoyin Jinadu, has been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly stealing N52 million from an account belonging to one of the bank’s customers.

Ms Jinadu was on Friday brought before Justice Sylvanus Oriji of the FCT High Court sitting in Apo, Abuja on a 20-count charge bordering on theft and forgery.

Trouble started for the woman when a petition was sent to the EFCC alleging that as account officer to Dr D. K. Okoye in the Wuse 2 Branch of FCMB, the suspect fraudulently transferred N52 million his account without his knowledge or consent, into accounts in Zenith Bank, GTBank and Union Bank.

These transfers were alleged to have been done through forged transfer instructions.

Ms Jinadu was first arraigned before Justice Adebukola Banjoko of the FCT High Court on July 12, 2012, but the case had been dragging following several frivolous applications to the Court of Appeal and Supreme Court by the defence counsel, including a petition alleging bias on the presiding judge, a situation that led to the withdrawal of the trial judge.

The defendant pleaded not guilty when the charges were read to her.

In view of her plea, counsel to EFCC, Mr Samuel Ugwuegbulam, urged the court to fix a date for trial.

However, counsel to the defence, Mr M. A. Awul, through an oral application urged the court to grant the accused bail relying on Section 162 of the Administration of Criminal Justice Act, ACJA, and Section 36 (5) of the Nigerian Constitution.

According to him, “The accused is presumed innocent until proven guilty. We urge your lordship to allow the defendant to continue on the existing bail granted him by your learned brother or in the alternative, grant her bail on such terms the court may consider appropriate to enable her attend trial”.

Responding, Mr Ugwuegbulam opposed the application stating that “since the former presiding judge has declined jurisdiction on the matter, the bail has automatically elapsed. Also my lord, punishment for the offence the defendant is being charged is enough incentive for her to jump bail.”

He argued further that “the defendant, if granted bail will obstruct justice owing to the fact that she had earlier employed delay tactics by filing several frivolous applications in the bid to frustrate the case and this led to the case dragging for a long time. I urge the court to decline the bail application and instead, give the matter accelerated hearing.”

However, Justice Oriji granted the accused bail in the sum of N8 million with two sureties in like sum. The sureties must be residents in Abuja. One of the sureties must be a civil servant in the federal civil service and below GL12. Their addresses must be verified by the court.

The case has been adjourned to December 5, 2016 and January 17 – 18 2017 for trial.

Meanwhile, the accused is to be remanded in prison custody pending the fulfilment of the bail conditions.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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INEC Shifts 2027 Presidential, N’Assembly Elections to January 16

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By Adedapo Adesanya

Nigeria will hold next year’s presidential and National Assembly elections a month earlier than planned, after the Independent National Electoral Commission (INEC) revised the polling schedule.

The elections will be held on January 16, instead of the previously announced date of February 20, INEC said in an X post, signed by Mr Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.

There were also changes to the Governorship and State Houses of Assembly elections initially fixed for Saturday, March 6 2027, in line with the Electoral Act, 2022, have now been moved to Saturday, February 6, 2027.

The electoral commission said the changes were caused by the enactment of the Electoral Act, 2026 and the repeal of the Electoral Act, 2022, which introduced adjustments to statutory timelines governing pre-election and electoral activities.

“The Commission reviewed and realigned the schedule to ensure compliance with the new legal framework,” it said.

INEC said party primaries (including resolution of disputes) will commence on April 23, 2026 and end on May 30, 2026, after which Presidential and National Assembly campaigns will begin on August 19, 2026, while Governorship and State Houses of Assembly campaigns will begin on September 9, 2026.

It noted that campaigns will end 24 hours before Election Day, and political parties have been advised to strictly adhere to the timelines.

INEC also stated it will enforce compliance with the law.

The electoral body also rescheduled the Osun Governorship election which was earlier scheduled for Saturday, August 8 2026, by a week to Saturday, August 15, 2026.

INEC noted that some activities regarding the Ekiti and Osun governorship elections have already been conducted, and the remaining activities will be implemented in accordance with the Electoral Act, 2026.

Speaking at a news briefing in Abuja two weeks ago, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year.

The timetable issued by the organisation for the polls at the time came when the federal parliament had yet to transmit the amended electoral bill to President Bola Tinubu for assent.

Later that week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.

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NIMASA Rallies Stakeholders’ to Develop National Action Plan

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By Adedapo Adesanya

The Nigerian Maritime Administration and Safety Agency (NIMASA) has pledged its commitment to provide the regulatory leadership, technical coordination, and stakeholder engagement required to successfully develop and implement a robust National Action Plan on maritime decarbonization in Nigeria.

The Director General of the agency, Mr Dayo Mobereola, made this known during the National Stakeholders’ workshop on the development of a National Maritime Decarbonization Action Plan, further describing the workshop as a critical step in actualising the Federal Government’s blue economy and climate objectives.

Represented by the Executive Director, Operations, Mr Fatai Taiye Adeyemi, the NIMASA DG underscored the significance of the IMO GreenVoyage2050 Project, a technical cooperation initiative /designed to support developing countries in implementing the IMO GHG Strategy.

According to him, the National Action Plan being developed will reflect national realities, leverage existing capacities, address identified gaps, and align with broader economic and environmental priorities of the federal government.

Mr Mobereola stressed that “this transition is not merely about compliance with international obligations, it is about safeguarding our marine environment, protecting public health, strengthening the blue economy, and ensuring that our maritime industry remains competitive and future-ready”, the DG said.

Also speaking at the event was the Technical Manager of the IMO GreenVoyage2050 Project, Ms Astrid Dispert, who highlighted that the overarching objective of the initiative is to advance a coherent and globally aligned regulatory framework to accelerate maritime decarbonization.

She also emphasised that NIMASA plays a pivotal role in driving the project at the national level.

The IMO GreenVoyage2050 Project provides technical expertise and institutional support to assist countries in developing and implementing National Action Plans that promote sustainable shipping practices, encourage investment in clean technologies, and strengthen capacity for long-term emissions reduction.

Through this collaboration, the federal government is advancing deliberate steps towards maritime decarbonization, reinforcing its commitment to global climate goals and ensuring a cleaner, greener, and more sustainable future for the sector.

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BPP Mandates Digital Submission for MDAs From March 1

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By Adedapo Adesanya

The Bureau of Public Procurement (BPP) has directed all Ministries, Departments and Agencies (MDAs) to comply with its digital submission process effective March 1.

The directive was contained in a circular signed by the Director-General of the Bureau, Mr Adebowale Adedokun, noting that the move was part of the bureau’s commitment to digital transformation and paperless governance.

It explained that the transition followed an earlier circular of Aug. 4, 2025, which introduced electronic submission procedures.

According to the bureau, it has successfully moved from physical filings to a dedicated e-mail service for document submissions and is now advancing to a more robust and integrated system.

The circular announced the inauguration of the BPP Digital Submission Portal, a web-based platform designed to enable MDAs submit procurement-related documents directly to the Bureau.

It stated that the automated platform would streamline the submission process, enhance transparency and ensure accelerated tracking of procurement-related documents and petitions.

“With effect from March 1, all MDAs will be required to use the portal to submit requests for ‘No Objection’ Certificates, approvals for ‘No Objection’ for special procurements, clarifications and status updates on submissions,” the bureau said.

It added that the portal would be hosted on the Bureau’s official website and would become fully operational from the effective date.

The bureau warned that physical submissions or manual hand-deliveries would no longer be prioritised and would eventually be rejected following the full transition to the digital platform.

It urged accounting officers to brief their procurement departments and ICT units on the development to ensure seamless processing of procurement activities from March 1.

It further advised MDAs to contact the Bureau via its official email for information on the onboarding process and integration into the portal.

The bureau emphasised that full compliance by all MDAs was required to ensure a smooth transition and avoid delays in the implementation of the 2026 fiscal year procurement processes.

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