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Author: Paul Dada

HoS

Sports

Ex-Internationals storm Lagos HoS Games Final

“Apart from the game of football, they also play other games such as scrabble, chess, and table tennis, among others.…
NAF

News

NAF promotes 52 senior officers

This is contained in a statement by the Deputy Director of Public Relations and Information, Nigerian Air Force (NAF), Group…
State House

News

New State House Perm Sec counsels staff about hard work

The Permanent Secretary charged the staff to be committed and diligent as they discharge their responsibilities, assuring them of his…
Fresh Food Agro-Hub

News

Lagos Fresh Food Agro-Hub records ₦2.5b transactions in 81 days

These projects aim to streamline food supply chains, enhance food security, and create economic opportunities for Lagos’ growing population.
officer with Zenith Bank, Maitama Branch, testified as Prosecution Witness Four (PW4) under subpoena. He gave a detailed account of massive cash withdrawals allegedly carried out between 2016 and 2023, using multiple bank instruments and channels. Led in evidence by prosecuting counsel, Kemi Pinheiro, SAN, Dada said the records he presented were among seven sets of documents submitted in compliance with a subpoena addressed to the bank’s Managing Director. The subpoena was admitted as Exhibit 20, while related documents covering account holders and corporate entities were admitted as Exhibits 21 through 24C. Among the accounts examined were those belonging to Adamu Jagafa Ishaya, Whales Oil and Gas, Jimeda Properties Nigeria Limited, Alyeshua Solutions, and notably, the Kogi State Government House’s Administration Account. Focusing on the Kogi State Government House’s Administration Account, Pinheiro highlighted a pattern of cash withdrawals that blatantly violated the Central Bank of Nigeria’s, CBN, cashless policy. According to Dada, the CBN had placed cash withdrawal limits at ₦500,000 for individuals and ₦5,000,000 for corporate or government entities during the relevant period. Exceeding these limits attracted surcharges. Dada testified that between January 30 and February 1, 2018, a total of ₦697,267,000 was withdrawn in ₦10 million tranches through cheques issued in the name of one Abdulsalami Hudu. Then, on February 2, 2018, an additional ₦99,573,000 was withdrawn in similar tranches and several other withdrawals totalling N1.09bn within three days The prosecution also revealed that on February 1, 2018, a transfer of ₦3,325,000 was made from the same Kogi Government account to one Ali Bello. Dada further disclosed that this pattern of suspicious transactions continued in subsequent years. On May 6, May 11, and May 19, 2022, the same account received ₦100 million on each date from the Kogi State Statutory Revenue Account. These inflows were immediately followed by multiple cash withdrawals in ₦10 million tranches, primarily by Abdulsalami Hudu and another named beneficiary, Alhassan Omakoji. Referring to pages 395 to 401 of the account statement, the witness confirmed that almost every credit inflow was followed by immediate debits via cheque withdrawals made out to the same individuals, sometimes on the same day. Dada further narrated that on September 7, 2023, the account recorded 11 cash withdrawals of ₦10 million each, far above the ₦5 million limit, attracting a surcharge of ₦500,000 per transaction. This resulted in a total surcharge of ₦4,750,000 for that day alone. In another instance, on January 20, 2018, the account received 10 separate credits from the Kogi State Statutory Account totaling over ₦697 million. These were again followed by a series of ₦10 million withdrawals issued to Hudu and others. On January 31, Hudu alone reportedly collected ₦347,267,000 in 36 separate cash withdrawals. Pinheiro also tendered the account opening documents from pages 2 to 23 of Exhibit 22A, and the bank statement from pages 24 to 413, with the earliest transaction dating back to February 12, 2016. Dada described the six standard columns on the statement, date posted, value date, transaction description, debit, credit, and balance, and explained various transaction types, including NEFT and NIP transfers. Although the defence team, led by J.B. Daudu, SAN, earlier objected to the admissibility of some documents but chose to reserve their arguments till a later date. Justice Emeka Nwite admitted all documents and marked them accordingly. The matter was thereafter adjourned to Friday, June 27, 2025, for cross-examination and continuation of trial.

Headlines, News

Alleged N110bn fraud: Court admits ex-Kogi governor to N500m bail

He had pleaded not guilty to the 16-count charges brought against him by the Economic and Financial Crimes Commission.
MNJT

News

MNJTF troops neutralise 10 terrorists in Cameroon

Osoba reiterated the MNJTF’s commitment to defeating terrorist elements in the Lake Chad Basin and safeguarding regional security.
Dangote

Business, Top Stories

Yuletide: Dangote slashes petrol price to ₦899.50 per litre

The statement said  the refinery was committed to making sure Nigerians have access to premium quality petroleum products that are…
Solomon

News

Ganiyu Solomon is a worthy Lagos ambassador -Sanwo-Olu

As an experienced and seasoned politician, he led our party, the All Progressives Congress, to victory during the last general…
9mobile

Business, Headlines

Why our services are down – 9Mobile

"Customers who continue to experience issues can reach out to our customer service team via our social media touchpoints or…
Online Entertainment

Features

How Technology is Shaping the Future of Online Entertainment in Nigeria

Moreover, fintech has enabled flexible payment options, such as cryptocurrency, which is gradually gaining popularity in Nigeria.
EFCC

News

EFCC, DSS strengthen ties against corruption

He thanked the DSS for its support to the Commission especially in intelligence, tracking of criminals involved in money laundering…
Akume

News

FG reveals plan to checkmate insecurity in 774 LGAs

The Proof of Address Initiative, which will be implemented across all 774 Local Governments, is designed to provide every resident…
NSCDC

News

Notorious car snatchers nabbed by NSCDC in Imo

The arrests and recovery of the stolen vehicle were made possible through the command’s surveillance and new security strategies of…
Zulum

News

Zulum disburses N30m, food items to 600 Christian widows, orphans

Zulum announced that each beneficiary would receive a sum of N50,000 cash, a 25kg bag of rice, 5 litres of…
Boko Haram

News

Army presents houses to 20 wounded soldiers

“The importance of owning a decent shelter in a soldiers’ life cannot be overstated as it promises stability, security and…
QUOTEX Bangladesh

Features

QUOTEX Bangladesh in 2024: Reliable Option or Potential Risk for Traders?

In evaluating QUOTEX Bangladesh for 2024, contributor Alamin Morshed offers insights into its reliability as a trading platform.
Tinubu

Football

Akpabio showers praises on Lookman, Nnadozie

“Once again, I congratulate Ademola Lookman, Chiamaka Nnadozie, and the Super Falcons on their remarkable achievements.”
Africa

Education

The Hive Network Africa hosts 8th Annual Campus Training Tour across universities

The Hive Network Africa training was also conducted the University of Lagos (UNILAG), where it brought opportunities, knowledge, and connections…
Buildings

News

LASBCA refutes allegations of illegal eviction, demolition threats

The General Manager reaffirmed to the general public that LASBCA remains transparent and accountable in its operations and urged the…
Okpebholo

News

Okpebholo dissolves EDSIEC, Assembly Commission, others

The statement directed all chairmen and members of the commissions to hand over all government properties in their possession to…
NMDPRA

News

NMDPRA shuts down eight petrol stations in Delta

The coordinator said that the routine surveillance exercise was part of the regulatory authority’s core mandates of ensuring motorists and…
ICPC

News

ICPC chairman cautions lawyers against frivolous petitions

The Chairman pointed out that  writing frivolous petitions against judges and officers involved in the fight against corruption  does not…
Local Government

Opinion

Human rights in crisis: Addressing the challenges facing Nigeria

The United Nations General Assembly established Human Rights Day in 1950 to commemorate the adoption of the Universal Declaration of…
Sani

News

Gov Sani signs 2025 budget into law

He said that 42 per cent of the state’s GDP was from agriculture, adding, "I’m sure that if we maintain…
Fraudsters

Metro

Bauchi, Adamawa courts jail 18 internet fraudsters

Each was  arraigned on a one-count  charge of fraudulent personation by the Gombe Zonal Directorate of the Commission between November…
Nigerian women

Health

Why many Nigerian women die during child birth – Commissioner

Mallam said that available statistics show that 120 Nigerian women die hourly due to delivery-related complications.
Electricity firm confirms electrocution of suspected vandal in Awka

News

TCN restores electricity in Bayelsa after four-month blackout

He said that out of the 10 suspects arrested, four had already been convicted by the courts, while six remained…
Tinubu

Football, Top Stories

Tinubu to Lookman, Nnadozie: I’m incredibly proud of you

The statement quotes Tinubu as saying,  ‘‘These athletes embody the essential Nigerian Spirit. They signpost the best in us as…
Tinubu

Headlines, News

Tinubu approves nationwide free train rides for two weeks

This is consistent with the President’s desire to cushion the effect of transportation, especially to the most vulnerable Nigerians.
Sanwo-Olu

News

Sanwo-Olu commissions network of roads with bridge in Alimosho

The project commissioned by Governor Sanwo-Olu comprises a bridge and a network of four roads with a total length of…
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