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EFCC Arrests Ex-minister, One Other For Alleged N3.6bn Loan Fraud

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The Economic and Financial Crimes Commission has arrested a former Minister of Commerce and Industry, Charles Ugwu, for alleged conspiracy and loan fraud to the tune of N3.6 billion.

Ugwu was appointed minister by late President Umaru Yar’Adua and was sacked after a cabinet reshuffle that affected 19 other ministers.

According to a statement by the Head of Media and Publicity of the commission, Dele Oyewale, on Monday, the ex-minister was arrested with Chief Geoffrey Ekenma on January 11, 2024, at No.2, Musa Yar Adua Way, New Owerri, Imo State.

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The arrest of the two suspects was said to have followed “a petition to the commission from a new generation bank on the alleged fraud perpetrated through a company, Ebony Agro Industries Ltd., linked to the ex-minister.”

The statement read, “Investigations revealed that Ugwuh and Ekenma, Managing Director, Ebony Agro Industries Ltd., allegedly obtained a loan facility from the bank for the purchase and production of polished rice.

“However, the suspect, according to the petitioner, failed to meet his obligations to the bank, and all efforts to get him to repay the loan facility proved abortive. The suspects would be charged to court as soon as investigations are concluded.”

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The PUNCH reported in 2020 that Ugwu was elected chairman of the Peoples Democratic Party in Imo State. He returned unopposed as other aspirants from the Okigwe zone, where the position was zoned to, stepped down for him.

Three years after his election as the party chairman, he was suspended over alleged misconduct.

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Traders In Edo Protest Middlemen Activities, Seek Govt Intervention

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Traders under the auspices of Ekiosa Market Traders Association, on Monday protested what they tagged activities of ‘evil middlemen and women’, which according to the protesters are causing price hike and artificial scarcity in Benin markets.

The protesters also protested against the neglect of their market (Ekiosa Market)by concerned authorities, which according to them got burnt in 2019.

The protesters who carried placards with different inscriptions as ‘evil union in Edo market are responsible for hike in food;’ Edo people say no to evil union in our market;’ Edo State government ban evil union in Edo markets;’ ‘we say no to evil union in Edo market,’ lamented that many of them are stranded due to government failure to rebuild their market that got burnt, adding that the middlemen and women are making them unproductive.

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Speaking during a peaceful protest to the secretariat of the Nigeria Union of Journalists (NUJ), Edo State council, Lucky Orukpe, President of Traders Welfare Union, accused the middlemen and women of causing artificial scarcity in Edo market and also price hike in farm produce.

He alleged that these middlemen and women who form unions among themselves are making sure that whoever fails to join their union does not have a place to sell in the market in Benin City.

He said: “Today, in our market, if you bring your farm produce to sell, we have people we call middlemen and women in our market in Edo State. They will compel you to join a union before you can sell your garri; they will compel you to join their union before you can sell your yam.
If you are not in their union, and you are bringing produce to sell, no vehicle will carry you. When they succeed in compelling you to join their union, they give you time to come to their market.

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“Today, farmers are scared to bring farm produce to the market. So, these evil unions are causing artificial scarcity in our market in Edo State.”

Ourkpe who alleged that the ‘evil middlemen and women just devised a new means of operation recently, lamented that due to their activities, food prices are lesser in states that Edo supplies food.

He further lamented: “We carry food from Edo State to other states but food is cheaper in these states, this is because of the activities of these middlemen.”

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Ourkpe who said these men are not government agents but individuals, urged the state government to as a matter of urgency address the issue before it got out of hand.

On his part, Anthony Agho, president, Ekiosa Market Traders Association, lamented “we the Ekiosa Market traders are stranded in the streets. We have no where to trade. And they forbid us from selling on the walkway, so how are we going to survive.

He continued: “In 2019, Ekiosa Market got burnt, and since then we have been managing. In 2020, Oredo Local Government came and said we should leave the place and that they want to renovate it. Then in January 2024, the local government came and told us that we should leave and that between 4 months the work will be completed, and since then we have been waiting.”

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Amadasun Owns Landed Property Situated At Zone MD Obazagbon, Benin Court Rules

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A Benin High Court presided over by Hon Justice A.N. Erhabor has issued a certificate of “execution of warrant of possession” to Mr Frank Omo- Amadasun in order to take full possession of his landed property situated at Zone MD/A44/OBAZAGBON in lkpoba Okha Local Government Area of Edo State.

In 2021, some persons encroached the landed property measuring 1,000 feets by 1,000 feets in Obazagbon near Avbiama in Ikpoba okha local government area of Edo state.

The land acquired in 1979, was in full control of the complainant before its encroachment.

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This forced Amadasun to institute a legal procedure against those who encroached on his land including Johnson Akpobosa, Peter Akpobosa, Abel Oyo Akpobosa l, Mrs Omoruyi, Mrs Oronsaye and 11 unknown persons.

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In the case marked: No.B/975/2021, there was consequently an enrolment of order where the judge granted an interlocutory injunction restraining all the defendants/ respondents, their servants, agents, or any person howsoever described as acting on their behalf or instruction from further trespassing on the piece or parcel of land measuring approximately 1,000 feets by 1,000 feets known as plot 53351 lying and situate at Zone MD/A44/OBAZAGBON, lkpoba Okha Local Government Area of Edo State pending the hearing and determination of the substantive suite before the court.

But despite the restraining order, the defendants went ahead to start developing property in the land.

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In the judgement, the court confirmed that Mr Amadasun has a verifiable Certificate of Occupancy to the land with digital registrar in the EDOGIS.

The court also confirmed that the claimant is the rightful owner in possession of 1,000 feets by 1,000 feets bounded by Beacon numbers 542, 543, 544 and 454 which covers an area measuring approximately 8, 557 hectares now known as plot 53351, lying and situate at Obazagbon in lkpoba Okha Local Government Area of Edo State.

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After the judgement, the claimant, then got a certificate of execution of a warrant of possession which has been fully executed.

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Contacted , the Edo state Police Public Relations Officer, SP Chidi Nwabuzor said the police received a letter from the Deputy Director of the High Court to execute the court order over the land.

SP Chidi Nwabuzor said the Edo state Commissioner of Police , CP Funsho Adegboye has since ordered men of the Anti Kidnapping And Cybercrime Unit of the Edo State Police Command to take over the judgement execution order.

As at Press time, the claimant has since taken over the full possession of the land as ordered by the court but not without resistance by some persons in Obazagbon in Ikpoba Okha local government area of Edo state.

 

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Ex-First Bank Chairman Is Dead

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A former Minister of Labour and former Chairman of First Bank Nigeria, Ajibola Afonja has died aged 82.

The Oyo-born Prince passed away on Sunday night, May 19 at the University College Hospital, Ibadan, Oyo State.

Confirming the passage of the former Minister in a statement, the Oyo Global Forum (OGF) through its Chairman, Taiwo Adebayo described the late Afonja as a unifier.

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“On this dark day in Oyo, we mourn the loss of Ajibola Afonja, former Labour Minister and Chairman of First Bank Nigeria, who passed away on Sunday night, aged 82.

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“Although, a national figure with tremendous influence, he was particularly light for the Oyo community where he made pioneering efforts as an industrialist. His legacy of generosity and open-heartedness touched countless lives, and his presence will be profoundly missed.

“Until his last month, Daddy IDS, as he was affectionately known, as a reference to his manufacturing company, remained hardworking, dedicated to realizing one of the most transformative business visions for the country’s economy. It was the E-Customs project.

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“His absence leaves a void that will be difficult to fill, but his spirit of generosity and leadership will continue to inspire us. For all of us that he inspired, we shall honour his memory by carrying forward the values he embodied and continuing his legacy of service and compassion, the values that guide OGF, which he supported during his lifetime.”

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Afonja was Chairman of the Board of Directors of First Bank Plc and was appointed as Minister of Labour under the interim government of Earnest Shonekan.

He was the chairman of Integrated Dimensional System and many other companies. He attended Kingston University, Kingston-upon-Thames, Surrey, United Kingdom where he bagged a degree in Accounting in 1970.

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