Connect with us

News

Nigeria: Anti-graft officials arrest defeated candidate’s son-in-law for alleged money laundering2 minutes read

The sum involved is 150 million euros ($169 million)

News Central

Published

on

A bus decorated with campaign posters bearing images of the opposition Peoples Democratic Party election candidate Atiku Abubakar

Nigerian anti-corruption investigators have arrested a relative of the runner-up in Nigeria’s presidential elections as well as the candidate’s lawyer, sources said on Monday.

Alhaji Babalele Abdullahi, a son-in-law to Atiku Abubakar who was defeated in the February 23 polls, “is being investigated over an alleged case of money laundering,” an official at the Economic and Financial Crimes Commission (EFCC) said, speaking under condition of anonymity. 

“The sum involved is 150 million euros ($169 million),” he claimed. 

Abdullahi, who was also director of finance for Abubakar’s presidential campaign, was arrested at his home in the capital Abuja on Saturday, the source said. 

Meanwhile, Abubakar’s lawyer, Uyi Osagie, was arrested on February 18 by the EFCC, who raided his home in Lagos and found sums of cash, said Boladele Adekoya, a spokesperson for Abubakar’s campaign.

“It is part of an orchestrated campaign to intimidate Atiku Abubakar,” Adekoya charged. 

The agency said he was being investigated but did not confirm his detention or give details about any charges.

In a statement posted on his Twitter page, Abubakar said his son-in-law and lawyer were “paying the price for supporting me.”

“I urge those now persecuting them to remember that a government’s mandate is to pursue peace and justice for all, and not just those who support them,” he added. 

The arrests come on the heels of a tense election that saw President Muhammadu Buhari re-elected for a second term. 

Abubakar refused to concede defeat after the result was announced last Wednesday, denouncing the vote as a “sham election” and vowing to challenge it in court. 

His Peoples Democratic Party (PDP) has accused the ruling All Progressives Congress (APC) of vote-rigging and “widespread manipulation” in the elections.  

Nigeria’s electoral body delayed the vote by a week, just hours before polls were to open on February 16.

The Independent National Electoral Commission blamed the delay on logistical challenges, yet both parties criticised the decision, warning of attempts to rig the vote. 

The rescheduled election saw Buhari win comfortably, gaining 15.2 million votes (56 percent) to Abubakar’s 11.2 million (41 percent). 

Observers said the vote outcome was credible although it was marred by violence, including 53 deaths, according to the Situation Room, an umbrella group of more than 70 civil society groups that monitored polling. 

There were also widespread reports of intimidation of voters and election officials. 

Voters will be called out again on Saturday, for governorship and state assembly elections. 

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading
Click to comment

Leave a Reply

Business News

Absa Kenya signs almost 5 million customers on virtual platform

Published

on

Kenya’s Absa Bank , a part of South Africa’s Absa Group, has signed almost 5 million customers on its virtual banking platform, which it sees as a major driver for future growth, chief executive, Jeremy Awori announced yesterday.

When the bank first launched its virtual savings and loan app known as “Timiza” — Kiswahili for “Achieve” — in March 2018, it attracted 300,000 customers. By the end of the year it had 3 million users, with lending standing at 10 billion Kenyan shillings ($98.91 million).

The bank, formerly known as Barclays Kenya, also has a separate mobile-based banking service to process normal customer transactions such as deposits and withdrawals.

Absa Kenya, posted a pretax profit of 8.18 billion shillings in the first nine months of 2019, compared with 7.72 billion shillings in year-earlier period.

Kenyan lenders have in recent years , turned to technology as they try to counter competition from mobile phone-based financial services such as from telecoms operator Safaricom’s M-Pesa platform, which had 23.6 million users as of last September.

Absa’s virtual banking app’s competitors include those run by KCB Group’s, NCBA Group and Equity Group.

Pressure to use mobile banking services increased further when the government imposed a cap on commercial lending rates in 2016 that ate into bank profit margins forcing banks to search for new ways to grow their businesses. The cap was scrapped at the end of last year.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading

Business News

Angola’s Former Leader Ordered $500 million Funds transfer

Published

on

In a statement that may help the defense of one of his sons who is standing trial for money laundering, Angolan President, Jose Eduardo dos Santos has disclosed that he ordered a $500-million transfer from the central bank to an overseas account before stepping down.

The former president’s two most high-profile children are under increased scrutiny from prosecutors probing how they amassed their wealth during their father’s 38-year rule.

While the 77-year-old former leader is immune from prosecution until 2022, his daughter, Isabel was named last month as a suspect in an investigation over alleged mismanagement at state oil company, Sonangol.

In 2018, his son Jose Filomeno, alongside former central bank Governor, Filipe da Silva and two others, were accused of crimes including participation in unlawful business, money laundering, embezzlement and fraud for the money transfer to a U.K. account in 2017. Their trial began in December last year.

According to Jose Eduardo dos Santos, the transfer was needed to set up a strategic investment fund and finance Angola’s ailing economy.

Former head of Angola’s $5 billion sovereign wealth fund, Jose Filomeno says the trial is politically motivated while the country’s former central bank governor, Filipe da Silva has denied any wrongdoing, saying he was just following presidential orders.

It was meant to be the first of three transfers totaling $1.5 billion.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading

News

Gunmen in military uniforms kill 22 in Cameroon, separatists blame army

A UN official said that 14 of the dead were children, some of whom were under five and that at least 600 people fled.

Published

on

Cameroon's army forces patrol on Febuary 16, 2015 near the village of Mabass, northern Cameroon. Cameroon's army announced on February 17, 2014 having killed 86 Boko Haram militants and detained 1,000 people suspected of links to the Islamist group, as central African leaders held talks on how to combat its bloody insurgency. Five Cameroonian soldiers were also killed during the clashes in the Waza region near the border with Nigeria, defence ministry spokesman said. AFP PHOTO REINNIER KAZE (Photo by Reinnier KAZE/AFP)

Armed men in military uniforms and masks have killed 22 people in a village at the heart of a separatist insurgency in western Cameroon, shooting women and children and burning others in their homes, the United Nations said on Monday.

Survivors “were extremely shocked and traumatized. People just left their houses and left everything behind,” said James Nunan, an official with the U.N. humanitarian coordination agency OCHA that conducted interviews with witnesses and survivors.

Nunan said that 14 of the dead were children, some of whom were under five. At least 600 people fled, he said.

It was not yet clear who was responsible for Friday’s attack in Ntumbo in the northwest region of Cameroon near the Nigerian border, a Reuters report said.

In a statement, separatists blamed the army. In its own the statement, the army denied wrongdoing.

Cameroonian refugees, including women and children gather for a meeting at Bashu-Okpambe village in Boki district of Cross Rivers State in Nigeria, on January 31, 2018. – Cameroonian forces have crossed into neighbouring Nigeria to conduct operations among citizens, where thousands of people have fled from Cameroon’s restive anglophone regions, local sources and state officials said January 31, 2018. (Photo by PIUS UTOMI EKPEI / AFP)

The type of attack, with people being burned alive and shot, echoes other raids that witnesses told Reuters were committed by the military. The army has denied involvement in those raids.

The government said on Monday that its soldiers were on a reconnaissance mission in Ntumbo when they were attacked. The fighting that followed caused several fuel containers to explode and set nearby houses ablaze, it said, killing five civilians.

“In light of the methodically and professionally cross-checked information, it is simply an accident, collateral damage of the operations to restore security in the region,” the government said in a statement.

The separatists said at least 35 civilians were killed in what they called a “violation of the human rights of the Ambazonian people.”

Cameroon’s army has since 2017 been fighting English-speaking militias seeking to form a breakaway state called Ambazonia amid the cocoa farms and forests of west Cameroon. As fighting has intensified, so have abuses by both sides, witnesses and rights groups say.

(FILES) In this file photo taken on October 03, 2018, an armoured pick up of the Cameroonian Army patrols the market of the majority English-speaking South West province capital Buea, during a political rally of the ruling CPDM, Cameroon Pepole’s Democratic Movement of incumbent President Paul Biya. (Photo by MARCO LONGARI / AFP)

The fighting is the gravest threat to stability in the oil- and cocoa-producing country since President Paul Biya took power nearly 40 years ago.

Conflict between Cameroon’s army and English-speaking militias began after the government cracked down violently on peaceful protesters by lawyers and teachers in 2016 complaining of being marginalised by the French-speaking majority.

Violence spiked again in the run-up to parliamentary elections on Feb. 9, rights groups said, including the burning of houses.

Nearly 8,000 Cameroon refugees fled to eastern and southern Nigeria in the first two weeks of February, the United Nations refugee agency said, adding to the more than half a million people who have already left.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading

Trending