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How Three Ex-bank Workers Planned With Hackers To Steal N20bn – Witness

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The trial of three former workers with the First Bank of Nigeria facing attempted fraud charges before a Lagos State Special Offences Court, Ikeja, continued on Wednesday.

The defendants, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, were arraigned by the Economic and Financial Crime Commission for allegedly attempting to steal N20bn from the bank.

PUNCH Metro learnt that the defendants conspired to tap into the bank’s server to grant access to a syndicate.

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They were, however, apprehended by the EFCC on March 6, 2021, following an intelligence report.

During cross examination by one of the defence counsel, Uchenna Ozoagbo, a prosecution witness, Adamu Dahiru, told the court that the defendants were apprehended after one of them connected a laptop he collected from the syndicate to the bank’s server.

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He said, “They conspired to give access to a fraudster to defraud the bank of over N20bn. The report we gathered was that the money was in the cloud and they needed to bring it out.

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“The second defendant (Emeka) had a meeting with the syndicate at a hotel.

“When the first defendant (Ugorji) was arrested, he made a statement that he was introduced to the syndicate by the third defendant (Chukwuka) and that they had communicated with someone from the headquarters.

“The second defendant made a statement that a laptop was given after several promises that he should connect the laptop to the bank’s system.

“When he was on duty, he connected the laptop to the banking system, but during the connection, the I.P. of the laptop was picked up and the system was destroyed.”

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The judge, S.O. Solebo, adjourned the case till October 5, 2022, for continuation of trial.

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NLC, TUC Give NERC Deadline To Reverse Hike In Electricity Tariff

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Nigeria Labour Congress and its Trade Union Congress of Nigeria counterpart have given the Nigerian Electricity Regulatory Commission till May 12 to withdraw the recent hike in electricity tariff or face unprecedented industrial action.

The ultimatum was issued in a joint letter to the Chairman/Chief Executive Officer, CEO, dated May 3, 2024, and copied to the Secretary to the Government of the Federation, SGF, the Ministers of Labour and Power and the electricity distribution companies, DisCos, among others, Joe Ajaero and Festus Osifo, President of NLC and its TUC’s counterpart.

The letter read, “This is to refer you to our May Day address where we expressed grave concerns regarding the recent announcement of an astronomical hike in electricity tariff across the nation from N65/kWh to N225/Kwh by your commission.

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“We believe that this decision is not just morally reprehensible considering the difficulties Nigerians are faced with currently, but it blatantly disregards fundamental principles and statutory obligations.

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“It is a slap in the face of justice and fairness, and we will not stand idly by as the masses and workers are subjected to such unacceptable exploitation.

“As the regulator of the electricity sector, it is imperative that your commission grasps the weight of its responsibilities. NERC’s role entails the regulation of electricity tariffs in the country, a duty outlined in explicit detail within the statutes governing the commission.

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“Yet, with this recent tariff hike, which you have consented to, it is evident that the Commission has forsaken its duty and abandoned the people it was meant to protect to the fat cats in the electricity industry.

“We are miffed that NERC has become a tacit collaborator in crafting the oppressive pricing regime being perpetuated against Nigerian workers and people. The Laws that set up the commission mandate it to act as an unbiased ombudsman in the electricity industry. “Unfortunately, the reverse is the case as it has acted in cahoots with the Distribution Companies, DisCos, and the Generating Companies, GenCos, to promote their nefarious market practices.

“The announced tariff hike not only defies the established procedure mandated by law but also tramples upon the rights of Nigerian citizens. It is a flagrant abuse of power and a clear violation of the trust bestowed upon your commission by the Nigerian people. Such actions will not be tolerated, and we refuse to accept them as the new norm.

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“Nigerian workers and masses led by the Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, stand united in denouncing this injustice. We must defend the rights of our fellow citizens against exploitation.

“Therefore, we demand an immediate reversal of the hike in electricity tariff to N65/kwh, immediate cessation of the discriminatory practice of segregating electricity consumers into arbitrary bands, and restoration of the supremacy of the statutes governing the conduct of operators within the electricity industry.

“We give you until Sunday, May 12, 2024, to comply. Failure to do so will result in swift and decisive action on our part as we will not hesitate to mobilize our members and occupy all NERC’s offices and those of the DisCos nationwide until justice is served.”

On April 3, the NERC approved an increase in electricity tariff for customers under the Band A category to N225 per kWh — from N66.

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The commission said customers under the classification are those who receive 20 hours of electricity supply daily.

 

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SERAP Gives FG 48-hr Ultimatum To Reverse CBN’s 0.5% Cybersecurity Levy

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The Socio-Economic Rights and Accountability Project has issued a warning to the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed by the Central Bank of Nigeria.

SERAP also threatened to deal in legal action against the government if it failed to reverse the levy within a 48-hour timeframe.

The non-governmental organisation stated this Tuesday via its Twitter handle, calling for the immediate reversal of what it regarded as levy ‘imposition’.

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READ ALSO: CBN Orders Banks To Charge 0.5% Cybersecurity Levy

SERAP tweep @SERAPNigeria stated, “The Tinubu administration must immediately withdraw the grossly unlawful CBN directive to implement section 44 of the Cybercrime Act 2024, which imposes a 0.5% ‘cybersecurity levy’ on Nigerians.

“We’ll see in court if the directive is not withdrawn within 48 hours.”

The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions.

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READ ALSO: FULL LIST: 16 Banking Transactions Exempted From CBN’s New

A circular from the apex bank seen by Punch Online on Monday disclosed that the implementation of the levy would start two weeks from then.

The circular was directed to all commercial, merchant, non-interest and payment service banks, among others.

The circular revealed that it was a follow-up on an earlier letter dated June 25, 2018 (Ref: BPS/DIR/GEN/CIR/05/008) and October 5, 2018 (Ref: BSD/DIR/GEN/LAB/11/023), respectively, on compliance with the Cybercrimes (Prohibition, Prevention, Etc.) Act 2015.

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JAMB Releases Results Of 531 Candidates

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The Joint Admissions and Matriculation Board has released additional 531 results of the recently conducted Unified Tertiary Matriculation Examinations taking the total number of results released to 1,842,897.

This information is contained in a statement by the Public Communication Advisor of the Board, Dr Fabian Benjamin on Tuesday in Abuja.

Benjamin said the Board had proceeded with the screening of over 64,000 withheld results due to cases of examination misconduct.

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“In the course of the exercise, other cases of examination misconduct were also established to make a tally of 92 from the 81 initially discovered,” he said.

He further explained that the Board was also looking at cases of unverified candidates and would soon come up with a position.

He added that the attention of the Board had been drawn to some fallacious publications purporting that an unknown candidate, who did not sit for the Board’s 2024 UTME obtained scores.

Benjamin described this as fake, malicious and a calculated attempt to undermine the integrity of the Board while urging the public to disregard such publications.

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He said that the publication which levels such a grievous allegation, has no details of the candidate for proper verification.

“The Board is not surprised as this is the season of mischief makers, who would want to deceive gullible candidates.

“The examination template of the Board is designed with the highest sense of responsibility and is not an allocation platform where scores are doled out to candidates.

“It is most unfortunate that anybody could even believe such narration or that the story could even gain traction given the Board’s integrity.

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“This again has gone to further vindicate the Board’s stance that candidates should desist from disclosing their classified details to third parties,” he said.

He said that in investigating some of these allegations, the Board discovered that some of these mischief makers copied results sent to other candidates.

“They then edit the details sent to them and then parade this as emanating from the Board.

“The Board challenges any candidate, parent or anybody with such a claim to prove it wrong by coming forward with the details of such claims, and the phone number with which such results were conveyed,“ he said.

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He said that this development would only propel the Board to further tighten the process of checking its results to make it more personalized.

Benjamin said it would be stringent when it should be a straightforward exercise.

“The Board reiterated that neither its results nor any of its processes have been compromised.

“Hence, it will continue to protect the integrity of its systems against such malicious actors, who are hell-bent on creating confusion where none existed,” he said.

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Benjamin stated that the Board will add more features like registration numbers to the existing UTME result-checking process going forward, to make it extra difficult for anybody to edit.

He urged candidates to securely keep their details secure, noting that if they were found associating with any of these mischievous elements, they would be treated as collaborators.

The JAMB spokesman said that the method of checking the 2024 UTME remained to send UTMERESULT to 55019 or 66019 and not through any other process.

He, therefore, said the result at the moment is not on the Board’s website.

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The Board last week released the results for the 2024 UTME but noted that about 64,000 results remained under investigation.

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