Business

How Justice Sylvester Ngwuta moved N27Million, three exotic cars from home

Published

8 years ago

November 22, 2016

The Federal Government alleged on Monday that a Justice of the Supreme Court, Justice Sylvester Ngwuta, on October 9, 2016, tampered with evidence likely to incriminate him while on bail – following his arrest by the operatives of the Department of State Service on corruption allegations between October 7 and 8.

The Federal Government, in opposing the bail application which Ngwuta’s lawyer, Chief Kanu Agabi (SAN), argued after his client’s arraignment before the Federal High Court in Abuja on Monday, stated that the evidence the accused allegedly tampered with were a cash sum of N27m and three exotic cars.

The prosecution alleged that after Ngwuta was granted administrative bail by the DSS in Abuja on November 9, 2016, he made a call to someone in Abakaliki, Ebonyi State, to move the sum of N27m cash and three exotic cars to some other locations in order to conceal them.

The cars, which were said to have been recovered by the DSS from where they were moved to, were a Hummer Jeep, a Wrangler Jeep, and a BMW 5 Series sedan.

The government, however, stated that the N27m cash along with some vital documents moved in bags from the bathroom of the Abakaliki home of the justice of the apex court was not recovered because it had been “dissipated”.

Ngwuta, who appeared before a Federal High Court in Abuja, sporting a grey suit with a blue shirt and a red tie, was arraigned before Justice John Tsoho on 16 counts, including money laundering and offences relating to obtaining of multiple passports.

The justice of the apex court was allowed to sit in the dock.

But he stood up to plead not guilty when the charges were read to him at about 10.41am on Monday.

Following his arraignment, his lawyer moved his bail application which was opposed by Federal Government’s lawyer, Mr. Charles Adeogun-Philips.

Despite the prosecution’s opposition to the bail, the judge returned from about two-hour break to grant bail to the Justice of the Supreme Court in the sum of N100m to be guaranteed by his own recognisance.

The defendant, who only had to sign a bail bond worth N100m and guaranteed by his status as a Justice of the Supreme Court, was seen being driven out of the court premises in his official Mercedes Benz E350 at about 3.30pm on Monday.

The judge, after dismissing the fear expressed by the prosecution about the possibility of the defendant interfering with evidence and evading trial as baseless, fixed December 7 and 8 for commencement of trial.

However, while opposing the bail application earlier, Adeogun-Philips referred to the counter-affidavit which was filed on Monday narrating how Ngwuta allegedly committed more offences by trying to conceal the origin of the N27m and the exotic cars by instructing Chukwuebuka to move them from his Abakaliki house to other locations.

The counter-affidavit deposed to by Mr. Ganau Wando, an official of the Office of the Director of Public Prosecutions of the Federation, read in part, “That whilst on administrative bail between October 9 and 21, 2016, the defendant/applicant committed further offences.

“That, in particular, following his arrest on October 7, 2016, and subsequent release on administrative bail on October 9, 2016, the defendant/applicant sought to obstruct the proper administration of justice, having tampered with the evidence likely to incriminate him in criminal acts by engaging one Mr. Nwamba Linus Chukwuebuka through a telephone call on October 10, 2016, to remove the properties from his private residence located at Engineering Close, Off Onwe Road, Abakaliki, Ebonyi State. The properties are as follows:

“A bag located in the defendant/applicant’s bathroom containing some vital documents which was initially concealed by Mr. Chukwuebuka at the residence of one Abraham Ezeani in Abakaliki, Ebonyi State, on or about October 9, 2016, and subsequently recovered from there by investigators from the DSS in November 2016.

“A bag located in the defendant/applicant’s bathroom containing the sum of N27m in cash which was initially concealed by Mr. Chukwuebuka at the residence of one Abraham Ezeani in Abakaliki, Ebonyi State, on or about October 9, 2016, following which it was subsequently dissipated by Mr. Chukwuebuka on the direct instructions of the defendant/applicant.”

The counter-affidavit added that the Hummer Jeep Sports Utility Vehicle, Wrangler Jeep Sports Utility Vehicle and BMW 5 Series Vehicle were “previously located in the compound of the defendant/applicant’s private home in Abakaliki and initially concealed by Mr. Chukwuebuka at the residence of an aunt to Chukwuebuka in Abakaliki, Ebonyi State, on or about October 9, 2016, and subsequently recovered from there by investigators from the DSS in November 2016.

The prosecuting counsel, while arguing the government’s objection, said the prosecution “regrettably” had to oppose the defendant’s bail application because of his (Ngwuta’s) acts of dishonesty which he had demonstrated by also obtaining multiple valid passports.

“There must be consequences for wrongful conduct. So many times, things have been done in our society with disregard to consequences,” the prosecutor said.

He added, “In counts 10 to 16 of the charges, the defendant is alleged to have maintained multiple identities.

“My lord, in any jurisdiction in the world, I cannot but reject him being released on his own recognisance or being released at all.

“On October 8, a day before the call was made to Abakaliki, the defendant was found with four valid passports. Two of those passports were diplomatic passports and two were standard. He didn’t stop there, investigation showed that earlier this year the defendant had declared two of those passports lost.

“Now we have this problem–we are confronted with such acts of dishonesty. We are confronted with offences that were committed while still on administrative bail.

“The objection is an outright objection. But I have also realistically identified that if your lordship is minded to grant bail, it should be on stringent conditions.

Replying on the point of law, Agabi, however, said the prosecuting counsel was merely repeating the content of the charges and urged the trial judge not to reach conclusions before trial commenced.

Business

FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

Published

12 hours ago

December 26, 2024

Sahara Weekly

FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

By Farouk Mohammed

Once again, FirstBank has reaffirmed its position as a champion of arts, culture, and entertainment through its annual DecemberIssaVybe initiative. This year, the bank brought music lovers an unforgettable Christmas Eve experience with the Davido Live in Lagos concert, held at the iconic Eko Hotel Convention Centre. As part of the initiative, the event was a highlight of the festive season, delivering joy, excitement, and unmatched entertainment to thousands of fans.

Delivering Exclusive Experiences

True to its legacy, FirstBank ensured its customers and followers had the chance to enjoy this spectacular event through ticket giveaways across its social media platforms. By engaging with fans on Instagram (@firstbanknigeria) and Facebook (First Bank of Nigeria Limited), the bank seamlessly connected with its audience, creating opportunities for them to witness one of Nigeria’s biggest stars perform live.

Through its First@arts initiatives like these, FirstBank continues to elevate the entertainment experience for its stakeholders, positioning itself as more than just a financial institution but a lifestyle enabler. The bank’s efforts underscore its commitment to bringing premium opportunities to its customers, creating memorable moments for families and individuals alike.

Davido: The Highlight of DecemberIssaVybe

On Christmas Eve, the atmosphere at the Eko Hotel Convention Centre was nothing short of electric as Davido, the Afrobeats superstar, delivered an exhilarating performance. With hits like “Feel,” “Unavailable,” “FUNDS,” and “Dami Duro”, the audience was immersed in a musical journey that celebrated Nigerian creativity and artistry. The energy was infectious, as fans sang along to every lyric, making the concert an unforgettable experience for all in attendance.

For many, this was their first time seeing Davido live, and FirstBank made it possible, proving once again its dedication to supporting the arts and providing access to world-class entertainment.

The Spirit of DecemberIssaVybe

The DecemberIssaVybe initiative is not just about music; it’s about community, homecoming, and shared joy. Designed to resonate with Nigerians, both at home and in the diaspora, the initiative creates opportunities for family bonding and cultural connection during the festive season. Events like Davido’s concert, the Calabar Carnival, and Flytime Fest have all contributed to making the 2024 edition of DecemberIssaVybe truly extraordinary. Through DecemberIssaVybe, FirstBank continues to demonstrate its commitment to enriching the lives of its customers by providing access to premium events and creating platforms that celebrate the essence of Nigerian culture.

More Than Banking: A Commitment to Community

FirstBank’s impact goes beyond providing financial services—it’s about enabling memorable experiences. By supporting events like the Davido Live in Lagos concert, FirstBank strengthens its bond with customers, enhancing its role as a catalyst for joy and togetherness during the festive season.

With its steadfast support for the arts and entertainment industry, FirstBank also contributes to the economic empowerment of the value chain, showcasing its leadership in promoting culture, music, and creativity in Nigeria.

Stay Connected, Stay Vibing

For those who experienced the magic of Davido’s concert and other DecemberIssaVybe events, the memories will remain cherished. For those who missed out, FirstBank offers more opportunities to join the excitement. Stay tuned to its social media platforms—Instagram (@firstbanknigeria), Twitter (@FirstBankngr), and Facebook (First Bank of Nigeria Limited)—for updates, contests, and more exciting opportunities.

Business

Don’t Return Fuel Subsidy Through Dubious Means, Group Tells NNPCL’s Mele Kyari

Published

18 hours ago

December 26, 2024

Sahara Weekly

Don’t Return Fuel Subsidy Through Dubious Means, Group Tells NNPCL’s Mele Kyari

The Afenifere Mandate Forum (AMF) has cautioned the Nigerian National Petroleum Company Limited (NNPCL) against re-introducing fuel subsidy through dubious means, citing the regime’s notorious history of corruption.

The group emphasised the need for transparency going forward, urging the Central Bank of Nigeria (CBN) not to make payments to NNPCL’s foreign partners in the name of subsidy.

In a statement signed by its President, Otunba Davies Folorunsho, the group said the fuel subsidy regime was embroiled in corruption, with allegations of fraudulent payments and inflated subsidies.

Folorunsho said Mele Kyari, the Group CEO of NNPCL, was at the centre of the controversy, with reports of the company importing toxic fuel from Malta.

He noted that this not only perpetuated corruption but also endangered the health and safety of Nigerians.

However, Folorunsho said the he removal of fuel subsidy has been a significant step towards economic recovery, saving the country billions of dollars that were previously spent on subsidizing petrol prices.

“In 2022 alone, subsidies gulped $10 billion, leaving the state oil company NNPC with nothing to remit to the treasury,” he added.

“Fuel subsidy were not only financially ruinous but also largely regressive, benefiting mostly car-owning urbanites and those who could afford petrol-powered generators.

“As a result of the subsidy removal, the financial burden on the government has been significantly reduced, freeing up more funds for critical infrastructure and social programs.

“Additionally, government revenue has increased, smuggling has decreased, and the risk of adulterated fuel has been mitigated. The removal of fuel subsidy has also paved the way for a more sustainable energy ecosystem, encouraging the use of alternative energy sources and reducing Nigeria’s reliance on fossil fuels.

The group urged the NNPCL to maintain transparency in its operations and avoid re-introducing fuel subsidy through the backdoor.

“We believe that the removal of fuel subsidy is a step in the right direction, and we urge the government to continue on this path towards economic recovery,” Folorunsho said.

Business

Adron Homes Celebrates Christmas with Customers, Reaffirms Commitment to Bridging Nigeria’s Housing Deficit

Published

24 hours ago

December 26, 2024

Sahara Weekly

Adron Homes Celebrates Christmas with Customers, Reaffirms Commitment to Bridging Nigeria’s Housing Deficit

As the world embraces the joy and warmth of the Christmas season, Adron Homes and Properties, Nigeria’s foremost real estate company, has extended heartfelt greetings to its esteemed customers while reaffirming its commitment to addressing the nation’s housing challenges.

In a message of gratitude and celebration, Adron Homes expressed deep appreciation to its customers for their trust and loyalty throughout 2024. The company highlighted its unwavering dedication to making incredible housing affordable for all Nigerians, in line with its mission of reducing the country’s housing deficit.

“Christmas is a time to celebrate family, unity, and gratitude,” the statement read. “As we reflect on the year, we are proud to have played a role in making homeownership a reality for thousands of Nigerians. Our vision is clear—to bridge the housing deficit by providing affordable, luxurious, and secure homes for all, regardless of income level.”

Adron Homes has continued to lead the real estate industry by implementing innovative solutions that make homeownership accessible, including flexible payment plans and cost-effective housing models tailored to meet diverse customer needs.

As part of its Christmas and end-of-the-year celebration, the company has launched a special festive promotions ‘Lemon Friday’ aimed at encouraging more Nigerians to join its growing community of homeowners.

“We remain committed to transforming dreams into reality. This is not just about building homes; it’s about building futures and creating opportunities for families to thrive in a space they can call their own,” the statement added.

Adron Homes extended warm wishes to all Nigerians and its global customers, urging them to embrace the season’s spirit of love and hope. “May your homes be filled with peace, joy, and prosperity this Christmas and beyond.”