Ex-FMBN CEO Docked Over Alleged Diversion Of $65m For Jonathan’s Legacy City

Published

4 months ago

November 29, 2024

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Ex-FMBN CEO Docked Over Alleged Diversion Of $65m For Jonathan’s Legacy City—-The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Gimba Ya’u, former Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), over allegations of diverting $65 million earmarked for the construction of 962 housing units at the Goodluck Jonathan Legacy City in Kubwa, Abuja.

Ya’u, alongside Bola Ogunsola, a former director at FMBN, and Tarry Rufus, Managing Director of T-Brend Fortunes Nigeria Limited, appeared before Justice James Omotosho of the Federal High Court in Abuja on Tuesday.

The ICPC has filed a five-count charge against the trio, marked FHC/ABJ/CR/333/24, accusing them of breaching the Public Enterprises Regulatory Commission Act and the Money Laundering (Prevention and Prohibition) Act, 2022.

According to the commission, Ya’u allegedly approved a payment of N3.78 billion to Good Earth Power Nigeria Limited, a contractor deemed incapable of delivering the project, resulting in its current state of incompletion. The ICPC claimed this violated Section 68(1) of the Public Enterprises Regulatory Commission Act, causing a substantial financial loss to the bank.

The commission also alleged that the defendants misused a N14 billion loan obtained from Ecobank Nigeria PLC in 2012 for the same project.

All three defendants pleaded not guilty to the charges. Justice Omotosho subsequently granted them bail on liberal terms and adjourned the trial to February 6, 2025.

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Social Media Activist VeryDarkMan Submits Petitions Against Nedu To S.A., Moroccan, Turkish Embassies Over Alleged Drug Dealings

Published

4 weeks ago

February 27, 2025

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Social Media Activist VeryDarkMan Submits Petitions Against Nedu To S.A., Moroccan, Turkish Embassies Over Alleged Drug Dealings—-VeryDarkMan stormed the embassies to alert them about Nedu’s alleged involvement in drug deals and fraud in their countries.

Thecloudngr reports that controversial social media critic, VeryDarkMan, has visited the South African, Turkish, and Moroccan embassies to submit petitions against popular media personality, Nedu Wazobia.

VeryDarkMan stormed the embassies to alert them about Nedu’s alleged involvement in drug deals and fraud in their countries.

The social critic made the development public in a video of his visit, shared on his Instagram page on Tuesday evening.

He submitted the petition alongside an alleged audio recording of Nedu in conversation with his friends, who are purportedly Yahoo Boys and drug dealers in those countries.

Captioning the video, he wrote: “If they try to bring you down and you survive, make sure they don’t. EXTREMIST #RATEL.”

This comes amid the ongoing social media feud between the duo, following comedian Deeone’s remarks about VeryDarkMan in an interview with Nedu on the Honest Bunch podcast.

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Crime

Court Clears Naira Marley, Sam Larry And Prime Boy As Nurse Face Trial Over Mohbad Shock Death

Published

4 weeks ago

February 25, 2025

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Court Clears Naira Marley, Sam Larry And Prime Boy As Nurse Face Trial Over Mohbad Shock Death—-A Magistrate Court sitting in Sabo, Yaba, Lagos, on Tuesday ruled that popular musician Abdulazeez Fashola, known as Naira Marley, and socialite Sam Larry had no involvement in the death of singer Aloba Oladimeji Ilerioluwa, popularly called Mohbad.

The court’s decision comes after months of speculation and legal proceedings surrounding the controversial case.

Reading the legal advice of the Directorate of Public Prosecution (DPP), Lagos, Magistrate Ejiro Kubenje on Tuesday ruled that Naira Marley had no case to answer.

The court also freed Owodunni Ibrahim (Primeboy), and Mohbad’s former manager, Opere Babatunde.

The DPP, however, stated that it will prosecute the auxiliary nurse, Feyisayo Ogedengbe, and Mohbad’s friend, Ayobami Sadiq, for reckless and negligent acts contrary to Section 251 (e) of the Criminal Law, Ch C.17, Vol.3, Laws of Lagos State, 2015.

Developing Story…..

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