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Money Laundering: EFCC Arraigns Businessman Akindele Akintoye For $35m Fraud

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Money Laundering: EFCC Arraigns Businessman Akindele Akintoye For $35m Fraud—-The Economic and Financial Crimes Commission, EFCC, on Monday, December 24, 2024, arraigned a businessman, Akindele Akintoye before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on charges bordering on money laundering and contract fraud.

Akintoye allegedly collected $35million from the Nigeria Content Development and Monitoring Board to build a 2000 barrel- per -day refinery, jetty, gas plant, data centre, and tank farm at Brass Free Trade Zone, Okpoama community in Brass Local Government Area of Bayelsa State.

He allegedly mooted the idea of the project to the Board and the NCDMB embraced it with a counterpart funding to the tune of $35million. He allegedly received the funds through the bank account of Atlantic International Refinery and Petrochemical Limited and funneled the funds into four of his companies: Platform Capital Investment Partners, Duport Midstream Company Ltd., Puisance Afrique Dynamics Ltd., Adamantine Petrochemical & Refinery Ltd and Bureau de Change outlets

At the court sitting on Monday, EFCC counsel, Ekele Iheanacho, SAN, told the court that the defendant faced a four-count charge filed on November 19, 2024, and requested that the charges be read to the defendant.

One of the counts read: “That you, Akindele Akintoye, and Platform Capital Investment Partners Limited, between December 2020 and February 2021, within the jurisdiction of this Honourable Court, indirectly retained the sum of $16,006,000 (Sixteen Million, Six Thousand United States Dollars), being part of the funds dishonestly converted from the money paid by the NCDMB to Atlantic International Refinery and Petrochemical Limited as investment, knowing the said sum constituted proceeds of unlawful activity, thereby committing an offence contrary to Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.”

The defendant pleaded “not guilty” after the charges were read to him.

In view of his “not guilty” plea, Iheanacho requested the court to remand Akintoye in a Correctional Centre and sought a trial date.

However, counsel to the defendant, Emmanuel Esadio, applied for bail, stating that the application was filed and served on the prosecution.

Justice Nwite, in his response, emphasized the importance of allowing the prosecution to respond to the bail application, noting that the law requires a 48-hour period before a bail application can be considered.

“Justice is tripartite, to the accused, the defendant, and society. I cannot shut out the prosecution, they must be heard,” the Judge said.

Esadio further requested that the defendant be remanded in EFCC custody, citing his client’s health issues and the need for easy access to legal counsel.

But Iheanacho opposed the request, arguing that the EFCC lacked adequate facilities and that Akintoye had demonstrated untrustworthiness, including allegedly retrieving his international passport after claiming it was in court custody.

“The defendant cannot be trusted. He has shown tendencies that suggest he may commit another crime. Additionally, there is no medical evidence before the court to support claims of ill health,” Iheanacho submitted.

After considering the arguments, Justice Nwite ordered Akintoye’s remand at the Kuje Correctional Centre and adjourned the matter till December 31, 2024, for hearing on the bail application.

source: daylight.ng

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BREAKING: Portugal Exit 2026 World Cup as Merino’s Stoppage-Time Winner Sends Spain into Quarter-Finals

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BREAKING: Portugal Exit 2026 World Cup as Merino’s Stoppage-Time Winner Sends Spain into Quarter-Finals—-Mikel Merino struck in the first minute of stoppage time to hand Spain a dramatic 1-0 victory over Portugal, ending Cristiano Ronaldo’s final World Cup campaign and booking La Roja’s place in the quarter-finals.

Portugal’s hopes of winning the 2026 FIFA World Cup came to a heartbreaking end after Mikel Merino’s late strike earned Spain a dramatic 1-0 victory in a tense Round of 16 clash at Dallas Stadium.

Just when extra time appeared inevitable, substitute Merino delivered the decisive moment in the 91st minute, calmly slotting home after being picked out by Ferran Torres to send Spain into the quarter-finals and leave Portugal devastated.

The highly anticipated Iberian derby lived up to its billing, with both sides creating opportunities in an evenly contested first half. Spain threatened through Mikel Oyarzabal and the lively Lamine Yamal, while Portugal came close through Cristiano Ronaldo, João Félix and Nuno Mendes. Goalkeepers Unai Simón and Diogo Costa were both called into action as neither side could find a breakthrough before the interval.

After the restart, Spain gradually took control of possession, patiently probing Portugal’s defence with Rodri, Pedri and Dani Olmo dictating the tempo in midfield. Portugal remained disciplined at the back and looked dangerous on the counterattack, but Roberto Martínez’s side struggled to create clear-cut chances as Spain’s pressure continued to build.

The decisive moment finally arrived deep into stoppage time. Ferran Torres threaded a clever pass into the path of Merino, who had only been on the pitch for a few minutes. The Arsenal midfielder kept his composure, steering a low finish beyond Diogo Costa to spark jubilant celebrations among the Spanish players and supporters.

Portugal threw everyone forward in a desperate search for an equaliser. Bernardo Silva came agonisingly close in the dying moments, but his header drifted over the crossbar as Spain held firm to secure a famous victory.

The defeat marked a bitter end to Cristiano Ronaldo’s final World Cup campaign. The 41-year-old captain, who had confirmed before the tournament that this would be his last appearance on football’s biggest stage, was unable to inspire Portugal to another comeback despite leading the line throughout the contest. As the final whistle blew, Ronaldo received a standing ovation from supporters, bringing the curtain down on one of the greatest World Cup careers in football history.

Spain, meanwhile, march confidently into the quarter-finals, where they will face the winner of the United States and Belgium. Luis de la Fuente’s side once again demonstrated their resilience and patience, with Merino’s late heroics keeping alive their dream of lifting a second FIFA World Cup trophy.

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Tottenham Agree Club-Record £100m Deal for Sandro Tonali From Newcastle United

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Tottenham Agree Club-Record £100m Deal for Sandro Tonali From Newcastle United—-Spurs have reached an agreement with Newcastle United for the Italy international, with Roberto De Zerbi landing his top midfield target in a blockbuster deal worth up to £100 million.

Tottenham Hotspur have agreed a club-record £100 million deal with Newcastle United to sign Italian midfielder Sandro Tonali, in what is set to become one of the biggest transfers of the summer window. The agreement is understood to be worth an initial £92.5 million, with a further £7.5 million in performance-related add-ons.

The 26-year-old is expected to sign a long-term contract at the Tottenham Hotspur Stadium after agreeing personal terms. Tonali is reportedly set to become one of the club’s highest-paid players, with manager Roberto De Zerbi playing a pivotal role in convincing his fellow Italian to make the move to North London.

De Zerbi identified Tonali as the cornerstone of his midfield rebuild, believing the Italy international possesses the technical quality, leadership and tactical intelligence needed to transform Spurs into Premier League and UEFA Champions League contenders. The pair share a close footballing philosophy, with sources indicating Tonali was persuaded by De Zerbi’s long-term vision for the club.

Tonali joined Newcastle United from AC Milan in 2023 for around £55 million and quickly became one of the Premier League’s standout midfielders. Although his first season in England was interrupted by a 10-month suspension for breaches of betting regulations, he returned strongly and helped Newcastle end their long wait for major silverware by winning the Carabao Cup before re-establishing himself as one of the league’s elite central midfielders.

For Newcastle, the sale represents a substantial profit and provides significant financial flexibility as the club continues to reshape its squad. Reports suggest Eddie Howe’s side are already targeting replacements, including Hoffenheim winger Bazoumana Touré and Swiss midfielder Johan Manzambi, while also exploring further additions before the new season begins.

The acquisition of Tonali signals Tottenham’s intent under De Zerbi. The Italian midfielder is expected to become the centerpiece of a revamped Spurs side aiming to challenge for domestic honours and compete strongly in Europe. Once the medical and final paperwork are completed, Tonali will officially become Tottenham’s most expensive signing in the club’s history, eclipsing all previous transfer records.

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