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Abayomi’s $87m Theft Case: AAS Legal Team Calms Angry Investors As Court Adjourns Hearing 

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Abayomi’s $87m Theft Case: AAS Legal Team Calms Angry Investors As Court Adjourns Hearing 

Sadly, the Federal High Court sitting in Abuja on Tuesday, May 14th, 2024 adjourned the hearing of Abayomi Oluwasesan and his wife who were charged by the IGP Kayode Egbetokun for gaining access to several millions of investors funds ($87m) of Afriq Arbitrage System, an online financial trading platform.

Although the matter was mentioned for hearing, the trial could not go on because of the absence of the Defendant lawyer.. The prosecutor Sidi Abdulrasheed reported to the court that the SAN holding brief for the suspect sent a letter requesting for an adjournment due to an emergency trip outside his jurisdiction.

Sidi complained that three of the four witnesses billed to testify  came from Lagos and expenses were incurred. He revealed that at the last sitting, the hearing could not be held because the defendant’s lawyer was also absent on the pretext of illness.

He therefore urged the court to bill the  defendants 500k each for flight of the witnesses .

In his response, Justice MS Idris appealed to the prosecutor to consider the defendants’ plea for an adjournment and consequently adjourned the case to June 10th and 11th, 2024, and the suspects were sent back to Suleja correctional centre.

Meanwhile, several angry investors who witnessed the proceeding expressed their anger at Abayomi. Counsel for the company, Barrister Obeten calmed their nerves and assured them justice will  be served in court.

It would be recalled that Abayomi Segun Oluwasesan who allegedly committed the heinous crime of defrauding the leading global crypto space known as Afriq Arbitrage System was re-arrested alongside his wife and arraigned in FCT High court, Jabi in Abuja on March 28th, 2024.

Abayomi and his wife were tracked to an estate in Lagos and brought back to Abuja on Sunday, March 24th, 2024 over the lingering financial scam to the tune of 87 million dollar and criminal activities he perpetrated against AAS and the CEO, Jesam Micheal.

The accused individuals were charged for purportedly accessing millions of subscribers’ investments at the Afriq Arbitrage Company’s online trading platform until October 9th, 2023.

https://www.youtube.com/watch?v=axYSfxTpHcs

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Lagos State’s Stability is a Barometer for Nigeria’s Stability – Amb. Tukur Buratai

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Lagos State’s Stability is a Barometer for Nigeria’s Stability – Amb. Tukur Buratai

Lagos State’s Stability is a Barometer for Nigeria’s Stability – Amb. Tukur Buratai

 

The Former Chief of Army Staff (COAS, Nigerian Army) and Former Nigeria’s Ambassador to the Republic of Benin, Ambassador (Lt General rtd) Tukur Yusufu Buratai, CFR has said that Lagos State has all the qualifications of a modern city and is one of the most populated cities in Sub – Saharan Africa. He went further to affirm that Lagos is also indicative of the degree to which Nigeria’s economic, political, social, and cultural landscape is deeply embedded within the global system.

 

Lagos State’s Stability is a Barometer for Nigeria’s Stability – Amb. Tukur Buratai

He made this assertion on Wednesday 20th November, 2024 as the keynote Speaker at the Second Edition of the Lagos State University of Education Security Summit, with the theme: Insecurity, Cost of Living and Good Governance in the 21st Century.

 

 

Ambassador Tukur Buratai, while delivering the lecture in a paper titled: Lagos in Nigeria’s National Security and Defence Architecture: An Analysis.

 

 

Ambassador Tukur Buratai postulated in his paper that, “The presence of strategic military installations, the verse Atlantic Ocean and extensive coastline has placed Lagos State on the strategic defense map of the Armed Forces of Nigeria”, He said further that, ” While the sea provides a strategic economic status it could also be vulnerable to external attacks across the ocean”.

 

In his paper, Ambassador Tukur Buratai reiterated that the Lagos State government should begin to look at the options and implications of having its own security.

 

Ambassador Tukur Buratai also emphasized the urgent necessity to bolster our nation’s troop level to 800,000. He said a larger and more robust force will enhance operational readiness, improve our country’s capacity to respond to various contingencies, and strengthen our alliance on the international stage.

 

 

He also called for the establishment of a Marine Corps for the Nigerian Navy to be strategically stationed in key regions such as Lagos, Borno, Cross River, and Port Harcourt.

 

 

He also raised the pressing issue of the persistent lack of stable power supply in Lagos. He asserted that the Lagos State Government must urgently prioritize the development of independent power generation.

 

Ambassador Tukur Buratai also lauded the Governor of Lagos State, Mr Babajide Sanwo-Olu’s strategy regarding security in Lagos, which provides an example for governor’s throughout Nigeria. He said the governor recognizes that genuine security transcends mere physical presence or reactive measures. He commended the governor’s innovative approach, which has redefined the urban governance, and has also set a benchmark for other states to follow.

 

 

Ambassador Tukur Buratai also recalled that during his tenure as the Chief of Army Staff, he had the distinct privilege of witnessing the fruitful collaboration between the Nigerian Army and Lagos State under the leadership of Former Governor Ambode and now Governor Babajide Sanwo-Olu.

 

 

Ambassador Buratai, during the lecture, also appluaded the Lagos State Government on its infrastructural development in Lagos State, especially the Red and Blue Railway lines.

 

Ambassador Tukur Buratai also commended the Federal Government interventions in the development of Lagos State, while applauding the construction of the Lagos to Calabar Highway, he adviced the Lagos State and Federal Government on the security implications of opening up the high way, he suggested to the government to be proactive by early planning for its security when opened and becomes operational.

 

Earlier, the Vice Chancellor of the Lagos State University of Education, Prof B. B Lafiaji-Okuneye welcomed Ambassador Tukur Buratai to the institution. In her words, she said, ” The great warlord and global peace ambassador is visiting our great institution for the first time. Sir, we appreciate you and what you stand for. Your desire for a Nigeria that is peaceful and safe, where the citizens and residents are free and are given every opportunity to prove their worth and contribute to the growth and development of the nation is evident “.

 

 

While making his contribution during the summit, the Commissioner of Tertiary Education, Lagos State, appreciated and commended Ambassador Buratai for adding value to the security summit and more importantly adding value to the Lagos State University of Education. The Commissioner also drew the attention of the participants of the summit to parts of Ambassador Buratai’s paper, where he elaborated on the strategy of social inclusiveness rather than the use of force to curb insecurity.

 

 

The Commissioner for Tertiary Education, Barr Tolani Sule on behalf of the Lagos State University of Education, presented a Plague of Honour to Ambassador Buratai for his role in nation building.

 

 

Other discussant at the Summit included, HRM, Oba Kamorudeen Animashaun, (Arolugbade 11, the Oloja of Epe Land and the Vice Chairman, Lagos State Council of Obas and Chiefs), HRM, Oba Momodu Afolabi Ashafa ( The Aladi of Ijanikin Kingdom), HRM, Oba (Dr) Aina Josiah Olanrewaju ( IKUYAMIKU 1, the Oloto of Oto Awori Kingdom) and HRH, Oba Babatunde Ogunlaja JP ( ALADESHOYIN, the Paramount Ruler of Odo – Noforija Kingdom), all of whom spoke on the theme :Insecurity, Cost of Living and Good Governance in the 21st Century.

 

 

The event which was attended by various Traditional Rulers, Members of the Governing Council and Senate of the Institution, the Commissioner of Tertiary Education in Lagos State, Barr Tolani Sule, Captain of Industries, Security and Para Military Chiefs in Lagos State, various invited guests and the students.

 

 

Ambassador Tukur Buratai’s delegation to the summit included, Lt General Lamidi Adeosun (rtd), Former Chief of Policy and Plans, Nigerian Army, Colonel Emmanuel Adegbola (rtd), Comrade Oladimeji Odeyemi, Alhaja Toyyibat Adeosun, Alhaji Isa Dogo amongst others.

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Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

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Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

*Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

 

The Nigerian Association of Social and Resourceful Editors (NASRE) has announced the third edition of its Media Outreach Programme, scheduled for Thursday, 21st November 2024, at LTV 8, Agidingbi, Ikeja, Lagos, beginning at 12:00 pm.

Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

In a statement by NASRE’s Media Director, Lateef Owodunni, explained that the last outreach for the year will not only focus on supporting vulnerable journalists, such as widowed and ailing members of the fourth estate, but also aims to empower active journalists through impactful sessions on health, insurance, and entrepreneurship.

“Our goal for this last edition of our outreach for the year is to broaden the scope of support we offer. Beyond providing relief to vulnerable journalists, we are introducing sessions on health, insurance, and entrepreneurship to ensure active journalists gain valuable insights that can positively impact their careers and personal lives,” Owodunni stated.

The Media Outreach Programme, which has benefitted numerous journalists in its earlier editions, is designed to foster solidarity, growth, and resilience within the media community.

This third edition promises to bring together media professionals, associations, and stakeholders in an inspiring and empowering atmosphere.

NASRE invites journalists, media associations, and enthusiasts to participate in this landmark event, which highlights the importance of care, collaboration, and innovation in addressing the challenges faced by those in the journalism profession.

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Nollywood Star, Arike Akinyanju Signs Multimillion-Naira Endorsement Deal with Busbis Fabrics

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Nollywood Star, Arike Akinyanju Signs Multimillion-Naira Endorsement Deal with Busbis Fabrics

 

Celebrated Nollywood actress, Arike Akinyanju, widely known as Eyinju Olodumare, has added another feather to her cap by signing a multimillion-naira endorsement deal with a Lagos-based textile powerhouse, Busbis Fabrics.

The deal, sealed on Monday, November 18th, 2024, marks a significant collaboration between the renowned actress and the top-rated luxury fabric brand. Busbis Fabrics, located at Royal Prince Supermarket, 7/8 Akerele Street, opposite Deeper Life Church, near Gbagada General Hospital, Lagos, is known for offering exotic fabrics and accessories that define elegance and sophistication.

Busbis Fabrics is a leading name in the fashion industry, specializing in premium fabrics and accessories that cater to every occasion. With a reputation for excellence and luxury, the company’s partnership with Eyinju Olodumare aims to expand its reach and solidify its position as a go-to destination for high-quality fashion materials.

Speaking about the endorsement, Arike Akinyanju expressed her excitement over the deal, noting her admiration for the brand’s commitment to quality and innovation in the textile industry. “I am thrilled to represent a brand that embodies luxury and elegance. Busbis Fabrics is a name I trust, and I look forward to showcasing their stunning collections to my fans and followers,” she stated.

The endorsement will see Eyinju Olodumare serve as the brand ambassador for Busbis Fabrics, promoting its extensive range of luxury fabrics and accessories. With her influence and star power, the partnership is expected to enhance Busbis Fabrics’ visibility and attract more customers from across Nigeria and beyond.

Busbis Fabrics prides itself on delivering unmatched quality and an array of exotic fabrics for special moments, including weddings, parties, and other grand occasions. This partnership with a Nollywood star underscores their dedication to aligning with high-profile personalities who resonate with their brand values.

This endorsement is yet another testament to Eyinju Olodumare’s versatility and influence in the entertainment and fashion industries. As she embarks on this exciting journey with Busbis Fabrics, fans and customers alike are eager to see the magic this collaboration will bring to the world of fashion.

For those seeking unparalleled luxury and style, Busbis Fabrics, located in Gbagada, Lagos, is the ultimate destination.

Nollywood Star, Arike Akinyanju Signs Multimillion-Naira Endorsement Deal with Busbis Fabrics

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