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Currency Manipulation: EFCC Arrests 34 Currency Speculators In Abuja

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Operatives of the Economic and Financial Crimes Commission attached to the Taskforce on Currency mutilation, Dollarization of the Economy and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud.

They were arrested on Friday, April 26, 2024 in a sting operation following credible intelligence about illegal sales of dollars at the Wuse Zone 4 area of the Federal Capital Territory Abuja.

A statement by EFCC Spokesman Dele Oyewale gave the names of the suspects as :Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, Mohammed Kabir Ibrahim, Abubakar Ghadafi, Muktar Usman, Umar Abubakar Abba, Yakubu Sani, Aminu Abubakar, Muhammed Suleman Abara, Yusuf Tahir, Usman Lawal, Usman Lawal, Usman Umar and Amina Garba Rola.

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The statement listed the other suspects as: Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Muhammed Sagiuru, Aminu Salisu, Lawal Bello, Munzali Hashim, Jamilu Suleiman, Mustapha Umar, Mubarak Tanimu, Adamu Garba, Mohammed Usman, Bello Musa, Saleh Mohammed Naseer, Zaharadeen Yau, Musa Umaru Adamu, Usman Machido and Abdulaziz Abubakar Abba.

Oyewale said the Arrests came on the heels of the EFCC’s consistent efforts to sanitise and stabilise the foreign exchange market.

The Spokesman said that the suspects would soon be arraigned in court upon conclusion of investigations

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Over 100 Priests, Palace Chiefs Storm Court For Oba Of Benin In Solidarity 

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Over 100 priests, priestesses and palace chiefs stormed the Edo State High Court on Thursday chanting curses against the enemies of the Oba at the resumed hearing of the case instituted by suspended Enigie (Duke) in Benin against Oba Ewuare II.

Two suspended Enigie (Dukes) of Evbuobanosa and Egbaen Siluko Dukedoms in Benin Kingdom, Prof Gregory Akenzua and Chief Edomwonyi Ogiegbaen had on behalf of some others, sued the monarch at Edo State High Court, challenging their suspension from offices.

Furthermore, the pair, speaking on behalf of others, asserted that their removal from their positions could only be done by the State Governor, Godwin Obaseki, and not by the monarch who had suspended them for rebelling against his authority.

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The High Court admitted the Benin Traditional Council, as a party in a suit instituted by suspended (Enigie) Dukes in Benin, against the Oba.

READ ALSO: Activists To Protest Reporter’s Detention In Abuja Thursday

Ruling on a motion on Thursday, Justice Peter Akhihiero granted the first defendant’s application to include the Benin Traditional Council as the third defendant in the suit marked, B/250os/2023, while Oba Ewuare II and Edo State Government, are the first and second defendants respectively.

The ruling was in response to an application filed by the second defendant’s lead counsel, Prof. Yemi Akinseye-George, SAN, Prof Edoba Omoregie and his team against the Claimants, Prof. Gregory Akenzua, and Edomwonyi Ogiegbaen who both took the Oba of Benin to court over their suspension as Dukes of Evbuobanosa and Egbaen Siluko Dukedoms in Edo South Senatorial District by Oba Ewuare II in 2023.

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Justice Peter Akhihiero directed parties in the suit, Edo State Government represented by the State Attorney General and State Commissioner for Justice, Oluwole Iyamu, SAN, Oba Ewuare II, Prof. Gregory Akenzua and Edomwonyi Ogiegbaen, who were both represented by their counsels led by Dr. Osagie Obayuwana who had objected to the motion through the counsel of Oba Ewuare II, to amend their relevant documents in the case to reflect the decision.

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While other parties in the suit aligned with the position of Oba Ewuare II’s counsel to join Benin Traditional Council, in the suit, the claimants, Prof. Gregory Akenzua and Edomwonyi Ogiegbaen through their counsel, Dr Obayuwana, prayed the court not to list the council as a party in the suit and urged the court to award cost against Oba of Benin in favour of the claimants.

But Justice Peter Akhihiero turned down the prayers and held that Obayuwana should not worry about the timing, insisting that, “The race is not for the swift, or the battle for the strong.

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“If they are bringing in the Traditional Council as necessary, I don’t see this as a problem since you people have brought the Oba to court.

“I don’t think I can shut down any party. Let them come in and file their processes.”

READ ALSO: Over 91,000 Vulnerable Persons benefiting from free basic Healthcare In Edo – Health Insurance Commission

Justice Akhihiero adjourned the hearing in the case till July 15, 2024, in the absence of any objection.

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There was a heavy security presence at the premises of the State High Court Complex on Sapele Road in Benin City.

However, all those who came to the court in solidarity with the Oba were not allowed into the court due to their large numbers.

Groups and Edo sons and daughters, including members of the royal family and chiefs, displayed affection and solidarity for the Oba.

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Senate Approves Death Penalty For Drug Offenders

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The Senate on Thursday approved death penalty for dealers and importers of cocaine, heroin and other hard drugs into the country.

The proposed capital punishment also applies to manufacturing, trafficking, dealing in or delivery of hard drugs by any means.

The Senate arrived at the resolution on the floor of the red chamber after deliberations on the National Drug Law Enforcement Agency (NDLEA) Act (Amendment) Bill, 2024.

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The maximum punishment in the extant law for offenders is life imprisonment.

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During the consideration of the report on the bill for passage on Thursday, Senate Whip, Ali Ndume (APC, Borno South), recommended that the punishment of life imprisonment be “toughened” to death penalty.

The penalty for drug importation or dealership is captured in Section 11 of the extant law, which Ndume sought to be increased to a death sentence.

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He said, “This (life imprisonment) should be changed to a death sentence. This is the standard worldwide. We have to do this to address this problem of drugs that has seriously affected our youths.

“It should be toughened beyond life imprisonment. It should be the death sentence, either by hanging or any way.”

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This proposal did not sit well with some of his colleagues, including former Governor of Edo State, Adams Oshiomhole, who took to the floor to voice out his reservations.

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Oshiomhole told his colleagues that he would rarely joke with any matter concerning life and death.

“When a matter has to do with life and death, we should be accountable. Let’s divide the Senate. This is lawmaking. We are not here to take voice votes,” Oshiomhole said.

His position was overruled by the Deputy Senate President, Barau Jibrin, who presided over the plenary.

Jibrin told Oshiomhole that he should have called for a division of the Senate immediately after the voting took place and before the Senate moved to another clause in the amendment bill.

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This is about procedure. You were supposed to call for a division; you didn’t do so. I am sorry, I can’t help you”, the DSP stood his ground and stuck with the decision of the Senate.

Similarly, Senator Sampson Ekong from Akwa Ibom State also kicked against the resolution of the Senate but he was overruled.

The Senate went ahead to pass the bill for a third reading.

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The report on the bill was jointly produced by the Committees on Judiciary, Human Rights and Legal Matters/Drugs and Narcotics.

Speaking with Senate correspondents after the plenary, the Chairman of the Joint Committee, Mohammed Monguno, said the Senate approved the death sentence, noting that the voices of Oshiomhole and others did not change the ruling of the presiding officer.

“The ruling of the presiding officer is the position of the Senate,”  he added

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VIDEO: Nigerian Man Exhumed After Completing 24-hour Buried Alive Challenge

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After being buried alive for 24 hours, a Nigerian man, Young C, has been successfully exhumed after spending 24 hours buried alive in a coffin.

This feat was announced on his Instagram account on Thursday afternoon, accompanied by the revelation that his TikTok account had been suspended.

Earlier, Young C had updated his Instagram account, reassuring his followers that he was still alive and in good condition, despite experiencing physical discomfort and running out of water.

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READ ALSO: Nigerian’s Request To Be Buried Alive For 24 Hours Causes Stir Online [VIDEO]

Young C embarked on this challenge on Wednesday, announcing his intention to be buried alive for 24 hours and broadcasting live footage from the coffin at night.

Young C’s feat bears resemblance to a similar challenge undertaken by American YouTuber MrBeast (Jimmy Donaldson), who spent 50 hours buried alive two years ago to raise awareness about deforestation. Recently, MrBeast attempted to surpass his record by spending 7 consecutive days buried in a coffin, overcoming physical and mental challenges before being exhumed.

Watch video below courtesy The PUNCH:

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