Metro

Supreme Court Reserves Judgment On N3.5bn Paris Club Fraud

Published

2 years ago

March 14, 2024

The Supreme Court of Nigeria has reserved judgment in an appeal on the final forfeiture of the sum of N1.2bn, brought before it by Melrose General Services Limited, until June 7, 2024.

The appellant is challenging the judgment of the Court of Appeal in May 2019, ordering the forfeiture of the sum, being proceeds of unlawful activity in the Paris Club fund, involving Melrose General Services Limited.

This was made known in a statement by the EFCC’s Head of Media and Publicity, Dele Oyewale, on Thursday.

Counsel for the appellant, Kehinde Ogunwumiji, while informing the apex court of a motion seeking the setting aside of the judgment of the Court of Appeal, noted that the money involved in the forfeiture suit was not a proceed of any unlawful activity, but payment for a contractual and consultancy agreement.

Counsel for the EFCC however, informed the court of his counter-affidavit dated March 11, 2024, praying the court to adopt his brief of argument and dismiss the appeal of the appellant.

The statement reads in part “My Lords, we seek the leave of your noble Lordships to undertake a brief overview of the concept of forfeiture granted by the two courts below in a bid to drive home the 1st respondent`s case. There are generally two types of forfeitures used to recover the proceeds and instrumentalities of crimes. They share the same objective, namely the forfeiture of the state of the proceeds and instrumentalities of crime. Both share common two-fold rationales.”

Arguing further, he stressed that, “Recall that appellant filed his notice of appeal against the well-considered judgment of the Federal High Court which was equally dismissed by the Court of Appeal on May 31, 2019, having found that the appellant failed to show that the said funds are not proceeds of crime.

“Further to the background of the matter, the EFCC carried out investigations which revealed among others, that the sum of N3.5bn was fraudulently paid to the appellant to carry out a consultancy job for the Nigerian Governors Forum, NGF, under the guise that the appellant carried out a consultancy job for the NGF entitling it to the money when it did not do any such work. The appellant made several withdrawals within a short time leaving N1,222,384,857.84 before the EFCC intervened.

“Further investigation led to the recovery of an additional sum of N220m which the appellant had paid to WASP Networks Ltd and Thebe Wellness Services”.

After listening to all the submissions, the five-man panel of the apex court reserved judgment on the matter till June 7, 2024.

Metro

Ex-convict Arrested In Edo For Armed Robbery, Possession Of Firearm

Published

21 hours ago

May 5, 2026

Editor

The Edo State Security Corps (ESSC) has arrested a 45-year-old ex-convict, Owen Osas, for alleged unlawful possession of firearms and suspected involvement in a robbery incident.

Osas was reportedly arrested with a cut-to-size single-barrel gun during a covert operation along Fishpond Road in Eyean, Uhunmwonde Local Government Area.

The arrest reportedly comes barely a year after he was released from prison, where he had served time for illegal possession of firearms and other criminal offences.

Osas, who confessed to the latest crime, also admitted to being a member of the Eiye Confraternity.

READ ALSO:Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo
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Consequently, a victim of an alleged robbery incident, Reginia Izy, identified Osas as the person who robbed her a day before his arrest.
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The victim narrated that the suspect had approached her residence around 8 p.m., pretending to be familiar before carrying out the attack.
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‎The Deputy Commander Operations of ESSC, Richard Balogun, said the arrest was part of intensified efforts to rid Edo State of criminal elements.

READ ALSO:Edo South Senatorial Seat: Nothing Wrong Seeking Wike’s Support – Ogbeide-Ihama
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‎Balogun explained that operatives conduct both overt patrols and covert operations to track and apprehend suspects.
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He said, ‎“Our men are always on patrol. Some operate in plain clothes as part of covert strategies, while others are stationed at strategic locations.

“Osas, who is a former convict, was arrested with firearms and he also confessed to be a member of the Eiye Confraternity.”
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Metro

Gunmen Kidnap Businessman In Ibadan

Published

2 days ago

May 4, 2026

Editor

Gunmen suspected to be kidnappers have abducted a 60-year-old man in Ibadan, the Oyo State capital.

The victim was kidnapped on Saturday while on his way to his residence.

The incident occurred at Jinarere, Alakia in Ibadan.

Public Relations Officer of the State Police command, Olayinka Ayanlade, when contacted, confirmed the incident.

Ayanlade in a statement made available to DAILY POST on Sunday, explained that efforts are ongoing to rescue the victim.

Ayanlade said, “Preliminary information reveals that the victim, a 60-year-old male and building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle”.

Metro

Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo

Published

3 days ago

May 3, 2026

Editor

A 30-year-old entrepreneur and CEO of Principle Takeout, Justice Abu Oshioke, has been killed by suspected kidnappers in Ekpoma, Esan West Local Government Area of Edo State.

He was reportedly attacked by the suspected kidnappers on Saturday while on his way to pick up an order made for his child’s dedication on Sunday morning.

Eyewitnesses said the attackers attempted to force him into a nearby bush in a kidnapping attempt. However, he reportedly resisted and tried to escape.

In the course of the struggle, the assailants opened fire, shooting him multiple times.

Concerned residents quickly rushed him to a nearby medical facility, but he was confirmed dead on arrival.

The deceased was said to have recently gotten married and welcomed a baby boy.

The tragic event has turned a joyous occasion into a moment of grief for the family.

The shocking development has left the Ekpoma community in deep sorrow, with many residents expressing outrage over the growing insecurity in the area.

Edo State Police Command’s spokesperson, Eno Ikoedem confirmed the incident and said the Commissioner of Police, Monday Agbonika has ordered a “full-scale investigation and intensified manhunt for those responsible.”

According to her, the Police, in collaboration with the military, local vigilantes, and hunters, are actively pursuing the perpetrators through coordinated operations.