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$6bn Mambilla Contract: Court Grants Ex-minister, Agunloye N50m Bail

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A Federal Capital Territory High Court in Apo, on Thursday, granted bail in the sum of N50m to a former Minister of Power and Steel, Olu Agunloye.

The court had ordered his remand in the Kuje Correctional Service pending the hearing of his bail application over an alleged $6 billion fraud in connection to the Mambilla Hydroelectric Power Station.

Agunloye served as minister between 1999 and 2003 under the administration of former President Olusegun Obasanjo.

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The Economic and Financial Crimes Commission arraigned Agunloye before Justice J.O. Onwuegbuzie on Wednesday, where he pleaded not guilty to the charges read to him.

READ ALSO: [JUST IN] Alleged Fraud: Court Remands Ex-minister, Agunloye In Kuje Prison

The former minister’s lawyer, Adeola Adedipe, moved the motion and prayed the court to grant bail to his client by way of self-recognisance or in liberal terms, saying Argunloye is not a flight risk and that the notion canvassed by the prosecution was “out of misconception and communication barrier.”

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Adedipe also appealed to the court not to order the use of a public servant as surety for his client.

The counsel argued that the misconception about bail and the mischief argued by the prosecution has been cured by Section 352( 4) of the Administration of Criminal Justice Act.

Under this provision, Adeola said, “Once a defendant is admitted to bail, even if he absconds, the trial will continue and he will be convicted where necessary.”

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READ ALSO: What TB Joshua Did To My Family – Nigerian Singer

However, the prosecution counsel opposed the bail application.

In his judgment, Justice Onwuegbuzie ruled that a N50 million bail be granted to the defendant and ordered him to produce two sureties in like sum.

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The sureties must be “reputable” and “people of means” resident within the FCT.

They must have properties worth N300m with a Certificate of Occupancy that must be verifiable, the judge ruled.

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Seven Journalists On Their Way To Colleague’s Marriage, FG Reacts

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The Nigerian government, through the Minister of Information and National Orientation, Mohammed Idris, has expressed deep shock and sorrow over the tragic death of seven journalists who were confirmed killed in a lone road crash in the Gombe South area of Gombe State on Monday.

The incident occurred on Monday evening as the journalists were returning from a wedding ceremony in the Gombe South Senatorial District. They were said to have traveled in solidarity with a colleague from the Nigerian Television Authority, NTA, who was getting married.

According to preliminary information from the Gombe State Sector Commander of the Federal Road Safety Corps, Samson Kaura, the crash was fatal.

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READ ALSO:Syrian Ex-leader Assad Faces War Crime Charges For Killing Journalists

The Minister described the tragedy as a heartbreaking loss to the media community and the nation, noting that the journalists were committed voices who informed the public with courage, integrity, and professionalism.

This is a harrowing moment. Nigeria has lost dedicated voices who informed, educated, and stood for truth. Their passing is a heavy blow to us all,” he said.

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The Minister extended his condolences to the Nigeria Union of Journalists (NUJ), the Gombe State Council, and especially to the families, friends, and colleagues of the deceased. He prayed that God would grant them the strength to bear the painful loss.

READ ALSO:Moment Nigerians Rescued Anthony Joshua After Accident On Lagos–Ibadan Expressway [VIDEO]

Our thoughts and prayers are with their families and loved ones. May Almighty God grant them comfort and grant the souls of the departed eternal rest,” he added.

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We stand in solidarity with the NUJ and the entire media community at this difficult time. We must continue to work together to improve safety measures for those who serve the nation daily,” he said.

He assured that the Federal Government stands with the bereaved families and the media community during this moment of grief. May the souls of the departed rest in perfect peace.

 

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VIDEO: Chaos As Last-minute Shoppers Overwhelm Lagos Balogun Market

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Large crowds on Tuesday overwhelmed Balogun Market on Lagos Island as residents trooped out in their numbers for last-minute year-end shopping, crippling movement around the commercial hub.

A viral video making the rounds online showed extreme congestion within and around the market, with traders and shoppers barely able to move as they jostled for limited space in one of Lagos’ busiest trading centres.

The footage captured scenes of tightly packed walkways and stalled human traffic, as buyers scrambled to complete end-of-year purchases ranging from clothes and shoes to household items.

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The gridlock is largely being blamed on Nigerians’ long-standing culture of last-minute shopping, often described as “panic buying,” where many delay festive purchases until the final days of the year.

READ ALSO: Christmas: Otuaro Preaches Peace, Unity In N’Delta, Hails Tinubu’s Support For PAP

Balogun Market, known for its wholesale and retail activities, traditionally experiences a spike in patronage toward the end of the year.

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As of the time of reporting, no incidents had been confirmed, though the situation highlights the recurring challenge of overcrowding during peak festive periods in Lagos.

Watch the video below:

 

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JUST IN: Court Orders Remand Of Ex-AGF Malami, Son, Wife In Kuje Prison

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The Federal High Court In Abuja on Tuesday ordered the remand of the Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), at the Kuje Correctional Centre pending the hearing and determination of their bail application.

The trial judge, Justice Emeka Nwite, also ordered the remand of his co-dedendants, his son, Abubakar Malami, and one of his wives Bashir Asabe.

Justice Nwite made the order after taking arguments from the defence team led by Joseph Daudu (SAN) and the prosecution counsel Ekele Iheneacho (SAN).

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READ ALSO:Nigerian Govt Files Fresh Charges Against Ex-AGF Malami, Son

Malami and his co-defendants are facing a 16-count money laundering charge preferred against them by the Economic and Financial Crimes Commission.

The EFCC alleges that the defendants conspired at various times to conceal, retain and disguise the proceeds of unlawful activities running into several billions of naira.

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According to the charge, the alleged offences span several years and include the use of companies and bank accounts to launder funds, the retention of cash as collateral for loans, and the acquisition of high-value properties in Abuja, Kano and other locations.

The commission further alleges that some of the offences were committed while Malami was serving as Attorney-General of the Federation, in breach of the Money Laundering (Prohibition) Act 2011, as amended, and the Money Laundering (Prevention and Prohibition) Act 2022.

 

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