Headline

Senate, CBN Set To Clash Over Cash Withdrawal Policy

Published

3 years ago

December 13, 2022

Indications emerged on Tuesday that the Senate may have a running battle with the management of the Central Bank of Nigeria, CBN, over the cash withdrawal limit policy of the apex bank.

Although the upper legislative chamber agreed to debate the latest policy on Wednesday, Senator Adamu Bulkachuwa (PDP Bauchi North), warned that the report of the Committee on Banking, Insurance, and Other Financial Institutions, chaired by Senator Uba Sani (APC Kaduna Central) must not be swept under the carpet.

This caused uneasy calm in the chamber, pointing to the fact that not many senators would agree to the cash withdrawal policy.

A member of the committee, Senator Olubunmi Adetunmbi (APC Ekiti North) had drew the attention of his colleagues to the absence of the panel chairman, who is the APC governorship candidate in Kaduna State from the chamber due to the North West zonal presidential campaign rally of the party in Kaduna.

Senator Adetunmbi said the chairman was billed to present the report of the screening exercise conducted for the two CBN Deputy Governor-nominees, Mrs Aishat Ahmad, and Mr. Edward Lametek Adamu.

Both Ahmad and Adamu were recently reappointed by President Muhammadu Buhari who requested the Senate’s screening and confirmation for their second and final tenure at the apex bank

Ahmad, who is the CBN Deputy Governor on Financial System Stability, had explained details of the policy to the panel during the screening last Friday when she and her colleague appeared for screening.

Details of the explanation given by the CBN chief was to be presented for debate, alongside the screening exercise on Tuesday by the senators.

However, Senator Adetunmbi said the debate could not take place because of the absence of the panel chairman.

He said: “Exactly a week ago the Senate resolved that the committee on banking and financial institutions should come forth today to report on the enquiries that it was mandated to make on the new policy of the Central Bank on the withdrawal limit.

“The committee was specifically mandated to interrogate these issues based on the concern that was expressed in the chamber, with the two deputy governors that were coming for clearance.

“This took place on Thursday last week. Two candidates came for clearance and the issues were thoroughly looked into, especially in the opening remarks of the chairman.

“He specifically reported that the Senate wanted the two deputy governors to elaborate on the rationale behind this policy in view of the massive public reaction to that policy.

“The deputy governors gave elaborate explanations and the committee also requested for further evidence in terms of documented reports that will enable the committee to fully understand the issues behind this policy during the plenary appropriately.

“Unfortunately, the report is not ready today because the chairman of the committee is busy on a political assignment; he is coming tomorrow to present the formal report of the committee.”

This explanation did not go down well with Senator Bulkachuwa, who said the fact that the panel didn’t submit its report should not stop the Senate debate on the CBN Nara withdrawal limit policy.

“We should not allow this thing to be swept under the carpet, it is a very serious issue and Nigerians are waiting to see what the Senate will do like the House or Representatives.

“The House of Representatives has asked the Governor of the Central Bank to stay action on this; leaving it till tomorrow is giving him another excuse and I urge this Senate to discuss this thing today,” he said.

The Senate President, Dr. Ahmad Lawan, ruled Senator Bulkachuwa out of order and insisted that the matter would be debated tomorrow (Wednesday).

He said: “I don’t think it is fair to say we are sweeping the matter under the carpet. To sweep something under the carpet in my understanding means to avoid it.

“Nobody here suggests by action or inaction that we are avoiding discussion on this matter.

“I think it is appropriate to give the Chairman of the Committee an opportunity to come and present his report personally and Senator Adetunmbi is a member of the Banking Committee.

“The Vice of the Committee who is the Chief Whip is here and they are all in attendance.

“They have something to tell us. The chairman wants to present the report himself and when he does that, we will be better informed and we can take appropriate action.

“Tomorrow is less than 24 hours by the grace of God., Please distinguished Senator Adamu Bulkachuwa, I want you to be present so that if there is anything that you want all of us to know even as all of us here feel strong about this.

“If we are going to debate it, let’s do that on the basis of information because that is when we can argue it and say no, stop it because of superior argument. So, let’s not doubt our sincerity here.”

Headline

Morocco Jails French Rapper Maes For Kidnapping Bid

Published

2 hours ago

November 26, 2025

Editor

A Moroccan court has sentenced French rapper Maes to seven years in prison on charges including the formation of a criminal gang and attempted kidnapping, local reports said Wednesday.

Maes, who has roots in Morocco and whose real name is Walid Georgey, was arrested upon landing in Morocco in January after fleeing the United Arab Emirates, where he feared he could be extradited to France, the reports said.

French authorities had issued an international arrest warrant for him over a separate criminal case.

He appeared in court late Tuesday and was found guilty of “forming a criminal organisation, attempted abduction and unlawful confinement” of a rival in Morocco, news website TelQuel reported.

The rapper with over a billion views on his YouTube channel was accused of tasking a gang and hitmen with killing the rival, but the plot was foiled, TelQuel added.

Maes has denied all charges, with his lawyers calling the case “empty” and “arguing that no evidence linked him to the other defendants”, TelQuel added.

Ten other people were sentenced as part of the case, with terms ranging from one to 10 years, according to news website Media24.

AFP was unable to independently verify the reports as prosecutors were not immediately reachable for comment.

In 2020, when Maes was one of France’s most-streamed rappers, he fell victim to extortion attempts in his native Sevran, a suburb north of Paris, according to reports.

He retaliated by opening fire with weapons he had at home, leading to a shootout. He then fled to Dubai with his family, according to an interview with French YouTube channel LEGEND.

Following the killing of his manager in 2022, he was suspected of ordering reprisals against those he believed were behind the murder, according to reports.

AFP

Headline

UK Court Clears Comedy Writer Of Harassing Transgender Woman

Published

2 hours ago

November 26, 2025

Editor

A London court on Tuesday cleared Emmy award-winning comedy writer Graham Linehan of harassing a transgender activist online but found him guilty of criminal damage to their mobile phone.

Linehan, who co-created the popular 1990s sitcom “Father Ted” but has more recently become well-known for his gender critical views, had been accused of sending Sophia Brooks “abusive and vindictive” messages on social media.

He was also charged with criminal damage after deliberately knocking a phone out of Brooks’s hand as they filmed him on the sidelines of a London conference.

Ruling on the case, District Judge Briony Clarke said she was not convinced Linehan’s conduct “was oppressive and unacceptable beyond merely unattractive, annoying or irritating”.

Clarke also concluded Brooks was not “as alarmed and distressed as they portrayed themself to be”.

But convicting Linehan of criminal damage, the judge ruled he was “angry and fed up” and did not use “reasonable force” when the phone was taken from Brooks.

Clarke fined him £500 ($655) and ordered him to pay costs of £650 and a statutory surcharge of £200.

The Irish writer, who also co-created the popular sitcoms “Black Books” and “The IT Crowd”, became embroiled in a free speech row in Britain earlier this year over his anti-transgender stance.

It followed his arrest at London’s Heathrow Airport by armed police over accusations of inciting violence with his X posts insulting transgender people.

The arrest sparked a backlash and claims of state overreach, including from US tech billionaire Elon Musk. But in October, UK prosecutors said they would take “no further action” in that case.

AFP

Headline

Prosecutors Seek Jail For Italian Influencer Ferragni In Fraud Case

Published

3 hours ago

November 26, 2025

Editor

Italian prosecutors asked a court on Tuesday to sentence fashion influencer Chiara Ferragni to one year and eight months in prison if found guilty of alleged fraud over charity endorsement deals.

The Instagram star and businesswoman has been on trial since September for aggravated fraud over promotions of a pandoro cake — a Christmas treat similar to a panettone — and Easter eggs, which purported to raise money for charity or social causes.

The 38-year-old, who is based in Milan, told the court during the closed-door hearing on Tuesday that she denied the charges and had always acted “in good faith”, her lawyer Giuseppe Iannaccone said.

Leaving the audience, Ferragni told a throng of journalists that she felt “confident… I can’t say anymore”.

A verdict is expected in January.

Aggravated fraud carries a jail term of between one and five years.

But Ferragni has chosen a fast-track trial, which gives defendants a sentence reduction — meaning she cannot receive more than a maximum penalty of two years and three months, according to a source close to her team.

In Italy, people sentenced to prison for less than two years rarely serve jail time.

Ferragni started out with a fashion blog, The Blonde Salad, in 2009, and in 2017, Forbes magazine named her its top fashion influencer.

Chronicling her glamorous lifestyle and being paid to promote high-end brands, she built the blog into a lucrative business, then used it as a springboard to launch her own eponymous label with stores around the world.

Her trailblazing story even became a Harvard Business School example of how social media fame can be monetised.

But the fraud accusations have hit her reputation and her endorsements.

Outside court for a hearing earlier this month, Ferragni acknowledged to journalists that it was a “difficult phase of my life”.

The allegations relate in part to Ferragni’s 2022 endorsement of a pandoro cake purportedly to raise funds for children undergoing treatment at a Turin hospital.

In December 2023, Italy’s communications watchdog (AGCOM) fined two of Ferragni’s companies one million euros ($1.2 million) for unfair commercial practices for the “Pandoro Pink Christmas” promotion — around the same sum they had made in the deal.

Shoppers were led to believe that buying the special edition cake made by Balocco would benefit the hospital, but it only received a single 50,000-euro donation from the company.

Balocco was fined 420,000 euros at the same time.

AGCOM also investigated Ferragni-branded Easter eggs from 2021 and 2022, linked to a social enterprise initiative.

Ferragni and her husband, rapper and music producer Fedez, who were one of Italy’s most famous celebrity couples, split in 2024.

AFP