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Sterling Bank In N1.8bn Financial Mess

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In a matter at the Lagos high court, two persons alleged to be fraudsters have been accused of obtaining the sum of N1.8 billion from Sterling Bank Plc by false pretence.

The two accused persons identified as Messrs Ogbor Kehinde Eliot and Kelvin Ejere Chris were arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice O.A. Taiwo of the Special Offences Court sitting in Ikeja, Lagos.

They were taken to court on a five-count charge bordering on conspiracy, forgery and obtaining by false pretence.

The defendants, who were charged alongside a company, Danium Energy Services Limited, were alleged to have fraudulently deceived Sterling Bank Plc into lending them money through a fraudulent scheme with the pretence to finance local purchase of Automotive Gas Oil (AGO), otherwise known as diesel, for supply to Total Nigeria Limited.

The first defendant, Eliot, an alleged serial fraudster, allegedly used his company, Danium Energy Services Limited, to obtain the facility from the bank and was said to have defaulted in repayment, which was expected from the proceeds of sales of the petroleum products by Sterling Bank.

One of the counts reads: “That you, Ogbor Kehinde Eliot, Kelvin Ejere Chris and Danium Energy Services Ltd., sometime in February, 2016 in Lagos within the Lagos Judicial Division, with intent to defraud, conspired amongst yourselves to obtain the sum of N1.821 billion by false pretence from Sterling Bank Plc.”

Another count reads: ”That you, Ogbor Kehinde Eliot, Kelvin Ejere Chris and Danium Energy Services Ltd, on or about 23rd of February, 2016 in Lagos , within the jurisdiction of this Honourable Court, with intent to defraud, induced Sterling Bank Plc to deliver to Danium Energy Services Ltd the total sum of N1.821 billion under the false pretence that Total Nigeria Plc vide Purchase Orders (PO) with Reference No.

OPS/SUP/02/16/330 and OPS/SUP/02/331 dated 3rd of February, 2016 contracted Danium Energy Services Ltd to supply 20,000 metric tons of Automotive Gas Oil (AGO) in two tranches of 10,000 metric tons each valued at the aggregate sum of N2.328 billion and you thereby committed an offence contrary to Section 1(b) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.”

However, both defendants pleaded not guilty to the charge when it was read to them. In view of their pleas, the prosecution counsel, Idris Mohammad, asked the court for a trial date.
However, counsel to the first and third defendants, Ladi Williams (SAN), as well as counsel for the second defendant, Dennis Omorojo, informed the court of applications for bail on behalf of their clients.

After listening to both parties, Justice Oluwatoyin Taiwo asked the prosecution counsel why he did not oppose the bail applications.

In his response, Mohammad told the court that he intentionally did not oppose the applications so as to allow the first defendant to attend his trials in other courts.

Justice Taiwo then stood the matter down for ruling on the bail applications.
In her ruling a few hours after, Justice Taiwo granted the defendants bail in the sum of N10 million each with two sureties each in like sum, adding that the sureties must be civil servant on Grade level 16. She said they must provide known addresses, which must be verified by the court.

The sureties are also expected to also deposit with the court registrar their Permanent Voters Cards, National Identity Card or International Passports.
The Judge ordered the defendants to be remanded in the EFCC custody pending the perfection of their bail conditions.

However, the prosecution counsel prayed the court not to remand the defendants in the EFCC custody, stating that the EFCC custody was congested and, therefore, would not be able to accommodate them.

 

 

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Director General NSC, Bar. Bukola Olopade Extends Christmas Greetings to Christians in Abeokuta South and Across Nigeria

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Director General NSC, Bar. Bukola Olopade Extends Christmas Greetings to Christians in Abeokuta South and Across Nigeria

Director General NSC, Bar. Bukola Olopade Extends Christmas Greetings to Christians in Abeokuta South and Across Nigeria

 

 

By Solanke Ayomideji Taiwo

 

 

In a heartfelt message, The Director General of the National Sports Commission (NSC), Honourable Bukola Olopade, has extended warm festive greetings to Christians in Abeokuta South, Ogun State, and across Nigeria as the nation embarks on the joyous celebration of Christmas.

 

Director General NSC, Bar. Bukola Olopade Extends Christmas Greetings to Christians in Abeokuta South and Across Nigeria

 

Recognizing the significance of this time of year, Olopade emphasized the essence of unity, love, and gratitude that the Christmas season embodies. He urged citizens to reflect on the virtues of compassion and generosity, which are particularly vital in fostering peace and harmony in communities.

 

 

 

“Christmas is a time for joy, reflection, and togetherness. It reminds us of the values of love and kindness, which are fundamental to our social fabric,” said Olopade. “As we celebrate this festive season, let us remember those in need and extend a hand of support to one another.”

 

 

The Director General of the National Sports Commission (NSC), Honourable Bukola Olopade, acknowledged the challenges that many have faced over the past year, including economic hardships and social unrest, yet he expressed optimism for the future. “In the spirit of Christmas, let us embrace hope and look forward to a brighter tomorrow. Our unity and resilience can overcome any challenges we face.”

 

 

 

Olopade also highlighted the importance of sports in promoting peace and national unity, noting that the NSC is committed to fostering an inclusive environment where all Nigerians can participate in sports and recreational activities. He encouraged communities to engage in sports events during the festive period as a means to strengthen bonds and celebrate togetherness.

 

 

 

As part of his Christmas message, Olopade called on everyone to prioritize the welfare of others, particularly the less fortunate. He urged individuals and organizations to consider charitable acts that can uplift those in need during this season of giving.

 

 

 

In closing, Bar. Bukola Olopade wished all Nigerians a Merry Christmas filled with love, peace, and joy. He expressed hope that the spirit of the season would inspire a renewed commitment to community service and cooperation among citizens.

 

 

 

As the festivities continue, the Chairman’s message resonates with the values of compassion, unity, and hope, encouraging all to celebrate the true meaning of Christmas.

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Prophecy for 2025: A Year of Vengeance, Harvest, and Divine Shifts By Pro. Kingsley Aitafo

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Prophet Kingsley Aitafo's Prophecy Fulfilled: Alhaji Muyideen Bello Passes Away

Prophecy for 2025: A Year of Vengeance, Harvest, and Divine Shifts By Pro. Kingsley Aitafo

 

 

Sahara Weekly Reports That Prophet Kingsley Aitafo, under the grace and spiritual leadership of His Eminence Rev. Pastor Samuel Belehou Oshoffa, founder of the Celestial Church of Christ, has unveiled 25 prophecies for the year 2025. These revelations call for vigilance, prayer, and alignment with divine purpose. Below is the detailed list of the prophecies:

 

 

1. A Year of Divine Justice

2025 will be a year of vengeance upon the wicked and a season of abundant harvest for the righteous. This is a time for reflection and spiritual alignment.

 

2. Weather Disasters to Pray Against

The world must unite in prayers against severe weather disasters, including excessive winds, water overflow, floods, earthquakes, and tsunamis. These natural calamities threaten to disrupt lives and properties globally.

 

3. A Major Technological Advancement

WhatsApp is predicted to receive a significant upgrade, potentially integrating email functionalities. This innovation will redefine digital communication.

 

4. Nigeria’s National Football Team

The Nigerian national football team should be prayed for, as a painful defeat could occur.

 

5. A Great Man of God in Danger

One of the most celebrated men of God is at risk of sudden death. Prayers are needed to avert this tragedy.

 

6. Sunday Igboho

The activist should be prayed for to avoid heart-touching news that could cause widespread concern.

 

7. Nnamdi Kanu

Freedom is within reach for Nnamdi Kanu, but prayers are needed to ensure he lives to see it.

 

8. Fire Disasters Worldwide

Serious fire disasters are foreseen and must be prayed against to protect lives and properties globally.

 

9. NYSC and PHCN Reforms

The National Youth Service Corps (NYSC) and the Power Holding Company of Nigeria (PHCN) will be empowered and reshuffled for greater effectiveness.

 

10. Global Police Forces

The police worldwide are warned of potential brutal revolts from the masses. Prayers are needed to prevent such events.

 

11. African Nations and Coups

Several African countries are advised to pray against unexpected coup plots.

 

12. Goodluck Jonathan’s Political Path

Former President Goodluck Jonathan is encouraged to follow God’s leading and refrain from contesting future elections.

 

13. Changes in EFCC

The Economic and Financial Crimes Commission (EFCC) will be more empowered, but significant transformations will occur within the agency.

 

14. Passing of Aged Leaders

Several aged ex-presidents, traditional rulers, and military leaders will pass on in 2025.

 

15. New Religious Leaders

New leaders will emerge in white garment denominations and the Catholic Church, marking significant transitions.

 

16. Churches in Danger of Scandals

Great churches like RCCG, Winners Chapel, Christ Embassy, Mountain of Fire, and COZA are urged to pray against confusion and scandals that could lead to divisions.

 

17. Exposure of False Churches

Churches that operate under the guise of Christ without genuine faith will be exposed.

 

18. Protection of Yoruba Entertainers

Yoruba actors and actresses should pray against strange illnesses, while English-speaking entertainers must pray against sudden deaths.

 

19. Plane Crashes

A major plane crash could occur, causing widespread pain. Prayers are needed to prevent this disaster.

 

20. National Unity in Nigeria

Despite ongoing agitations, Nigeria will remain undivided.

 

21. The Monarch and Pope’s Seat

Prayers are required to prevent sudden vacancies in the monarchy of England and the papal seat.

 

22. Deadly Disease and Global Conflict

A new, more deadly ailment than COVID-19 and the potential of a mini-war loom on the horizon. The world must unite in prayer to avert these crises.

 

23. Rising of True Last-Day Churches

The emergence of last-day churches will bring forth spiritual giants and miraculous powers reminiscent of the apostles of old.

 

24. Business Tycoons in Nigeria

Successful Nigerian business magnates should seek divine protection against untimely death.

 

25. Christ’s Return is Near

Finally, Prophet Kingsley reminds the world that the return of Jesus Christ is near. Embracing holiness and righteousness is the only path to prepare for His coming.

 

Prophet Kingsley’s prophecies serve as a divine reminder for individuals, nations, and institutions to seek God’s guidance and protection. Let 2025 be a year of faith, reflection, and readiness for what lies ahead.

 

Let us watch, pray, and align with God’s will.

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