N22.8bn Alleged Fraud: Ex-Airforce Chief, Amosun, Others Opt for Plea Bargain Davidson Iriekpen Former Chief of Air Staff, Air Marshal Adesola Amosun (rtd) and two senior serving Air Force officers have opted for plea bargain in their ongoing trial by the Economic and Financial Crimes Commission (EFCC) for alleged corruption
Amosun and the two serving senior air force officers, Air Vice Marshal Adigun, Commodore Olugbenga and some companies were charged before the court on June 29, for the alleged offences. The companies were Delfina Oil and Gas Limited, McAllan Oil and Gas Limited, Hebron Housing and Properties
Company Limited, Trapezitrs Bureau De Change ((BDC), Fonds and Pricey Limited, Deegee Oil and Gas Limited, Timsegg Investment Limited, and Solomon Health Care Limited. The accused persons were alleged to have committed the offences between March 5, 2014, and May 4, 2015.
The offences according to the EFCC are contrary to sections 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012, and punishable under Section 15(3) of the same Act. They all pleaded not guilty to the charge. At the resumed hearing of the case yesterday, the EFCC
prosecutor, Rotimi Oyedepo, informed the court that the defendants had commenced a move to enter into a plea bargain with the federal government. He tendered a draft copy of the terms of the plea bargain to the court, which he said he had served on the defendants. But the defence counsel,
comprising Mr. Norrison Quakers (SAN), Mr. Kemi Balogun (SAN), Chief Bolaji Ayorinde (SAN) and Mr. A. Etuokwu, informed the court that the business of the day was for report of compliance with the order of the court regarding the verification of
Continued on page 6
Liquidity: CBN Monitoring More Banks ...Page 6 Saturday 9 July, 2016 Vol 21. No 7745 Price: N250
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Abia: Judge Declines to Stay Execution, Tells Parties to Take Case to A’Court Owerri court absolves Ikpeazu of tax evasion, rules he’s duly qualified to be elected governor Osisioma court extends stay of execution order
Tobi Soniyi and Alex Enumah in Abuja, Amby Uneze in Owerri and Emmanuel Ugwu in Umuahia
Justice Okong Abang of a Federal High Court in Abuja on
Friday held that the Certificate of Return issued to Samson Ogah by the Independent National Electoral Commission (INEC) was issued in compliance with his judgment. Justice Abang, in two separate
rulings he delivered yesterday, dismissed the application by the Peoples Democratic Party (PDP) seeking for the stay of execution of his judgment which ordered Abia State Governor, Dr Okezie Ikpeazu to vacate
office on account of giving false tax information. The judge, who dismissed the application for stay of action on the judgment of the court saying the application constituted an abuse of court process because
the PDP filed two motions on the same subject matter. He said though, the PDP had sought to withdraw the earlier application it filed on June 28, 2016, but noted that issues had already been joined by Ogah's
counsel, Dr. Alex Iziyon (SAN) via a counter affidavit. The court held that there was nothing before the court to stay as the judgment had Continued on page 6
Kachikwu: My Stewardship at NNPC, Hands over to Baru Lists achievements : deregulation, reduction of operational cost by 30 per cent, meeting statutory payments to the federation account To appraise dialogue with militants and plug possible gaps SEYI SODIMU
Chineme Okafor in Abuja The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday formally handed over the task of managing the Nigerian National Petroleum Corporation (NNPC) to its new Group Managing Director (GMD), Dr. Maikanti Baru, saying he successfully turned around the fortunes of the state oil company in the 11 months he held the post of the GMD. Kachikwu said in Abuja that when President Muhammadu Buhari appointed him NNPC’s GMD in 2015, he had asked him to reposition the operational direction of the corporation following its reported poor profitability index; loss of business transparency and focus; as well as confidence of Nigerians. He stated that he had so far changed such ugly narratives about the NNPC and thus turned it into a profit-making entity. The minister added that for the first time in a very long time, Continued on page 6
My Kids Are My Greatest Achievement
SuperSaturday pg. 8-9
NNAMDI EZEIGBO
My Grass to Grace Story of Slot Group
Plus pg. 17
INNA LILLAHI WA INNA ILAIHI RAJI'UN
R-L: Zamfara State Governor Abdulazizi Yari; Sultan of Sokoto, Muhammad Sa'ad Abubakar; Sokoto State Governor, Aminu Waziri Tambuwal, and Director-General of DSS, Lawal Daura during the Janaza (Islamic Prayer) for late Umaru Shinkafi at the Sultan Bello Mosque in Sokoto ...yesterday
THISDAY STYLE RETURNS IN THE SUNDAY NEWSPAPER TOMORROW