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EFC C Probes Why Convicted Pension Thief, John Yakubu Yusuf Is Not In Jail



A former Assistant Director in the Federal Civil Service, John Yakubu Yusuf, who was sentenced to six years imprisonment last year by the Court of Appeal for stealing about N24 billion from the Police Pension Funds, is reportedly enjoying his freedom.

But the acting spokesman for the Economic and Financial Crimes Commission (EFCC), Tony Orilade, when contacted, told Saturday Tribune on Friday that “the issue of John Yusuf is receiving attention and we shall speak when we have details on what actually happened.”

A source said that following a successful appeal that handed him a six-year jail term, in addition to a fine, it is surprising that Yusuf is not serving his jail term when it is not on record that he got a stay of execution order from the court.

This development, it was gathered, is a result of a cold feud between the EFCC and the Nigeria Prisons Service (NPS) over who ought to execute the Court of Appeal judgment against the convict.

Yusuf was in 2013 found guilty by Justice Abubakar Talba, then of the High Court of the Federal Capital Territory (FCT), Abuja, and sentenced to two a year-jail term with an option of fine of N750,000, a decision which generated national and international outrage.
The lower court’s decision was, however, upturned by the Appeal Court on March 21, 2018 when the appellate court sentenced him to six years imprisonment and a fine totalling N22.9 billion.

The appellate court’s judgment followed an appeal by the EFCC which felt dissatisfied with the decision of the FCT High Court and prayed that the judgment of the lower court be set aside.

The appellate court unanimously held in its judgment that Yusuf pleaded guilty to three counts and thereby admitted to the conversion of an aggregate sum of N24 billion to his personal use.

The court further held that the sentence of the trial court did not serve as deterrent to the convict and others and, therefore, ruled that the sentence was “hereby quashed and deserves to be reviewed as follows: on Counts 17, the respondent is hereby sentenced to two years imprisonment with an addition of fine of N20 billion. On Counts 18, the respondent is hereby sentenced to two years imprisonment with an addition of fine of 1.4 billion. On counts 19, the respondent is hereby sentenced to two years imprisonment with an addition of fine of 1.5 billion.”

The sentence, the Appeal Court ordered, was to run concurently and the fine was to be cumulative.
However, more than a year after the judgment, reports said, the convict is yet to begin serving his prison term. Saturday Tribune learnt that this has generated a controversy between the two Federal Government agencies over whose function it is to execute the judgment.

A national newspaper on Friday quoted EFCC spokesman, Tony Orilade, as saying that, “After a successful appeal by the EFCC, the appellate court, on March 22, 2018, upturned Justice Mohammed Talba’s judgement and handed Yusuf a six-year jail term.
“If there is any question(s) on the whereabouts of the convict, it should not be directed at the EFCC but the relevant agency that should take custody of Yusuf,” Orilade said.

The EFCC’s spokesman said Yusuf was further asked to pay a fine of N20 billion, N1.4 billion and N1.5 billion on counts 17, 18 and 19, totalling N22.9 billion.

A source in the anti-graft agency, however, confided in one of our correspondents that the issue was already causing controversy between the two government parastatals and subtly hinted that the whereabouts of the convict were unknown for now.

According to the source, “instead of you journalists to keep writing about this man, I think you can do better by finding out his exact whereabouts and come up with information on this and see if any actions will be taken or not.”

A lawyer in the chambers of Rotimi Jacobs (SAN) which prosecuted Yusuf up till the appellate court, when contacted by Saturday Tribune to speak on the issue, declined to comment officially, saying that he was not authorised to speak on it.

The source, however, confirmed that the chambers secured for EFCC, the conviction of the convict by the Appeal Court, saying that apart from the jail term and the N22.9 billion fine imposed by the appellate court, other properties and accounts containing some amounts were seized from Yusuf.

He said further that the convict, however, filed an appeal at the Supreme Court to challenge the Appeal Court decision and also filed a stay of execution.

He, however, stressed that the stay of execution was not taken since “it does not apply to criminal matter. Once you are convicted, you have to go and serve your term.”

In his own reaction, the spokesman of the Nigerian Prisons Service (NPS), Francis Enobore, was quoted in the media as saying that it was the duty of the prosecuting agency, with powers of arrest, to ensure that a person against whom it secured conviction and sentence is delivered to the prison authorities, along with the decision of the court.

In other words, the EFCC was supposed to have delivered Yusuf to the prison authorities to serve his jail term.

In his response, the Solicitor General of the Federation and Permanent Secretary in the Ministry of Justice, Dayo Apata, told Saturday Tribune that the prosecution was by the EFCC and there was the need to read the judgment and the court proceedings before making comments.

For example, he said, “What transpired after the conviction? Was there an appeal against the judgment of the Court of Appeal? Was there a bail application pending the appeal, etc?

“You will agree with me that there is the need to read and appreciate the judgment and to understand the legal status of the matter before comments,” Apata stated.

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First Bank Appoints Ado Yakubu Wanka As Non-Executive Director




First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, today announced the appointment of Alhaji Ado Yakubu Wanka as Non-Executive Director.

Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome Alhaji Ado Yakubu Wanka, to the FirstBank Board. We are especially excited that he is bringing a combination of complementary skills and rich experience to the table which will no doubt enhance the quality of governance towards meeting our strategic goals.

Alhaji Ado Yakubu Wanka attended Government Secondary School, Bauchi (1966 – 1970), Federal School of Science, Lagos (1971 – 1973), holds a B.Sc. in Chemical Engineering from Ahmadu Bello University, Zaria (1973 – 1977) and an MBA from the same institution (1982 –1984). He is also an alumnus of the Harvard Business School and Switzerland’s Institute of Management Development, Lousanne. Alhaji Wanka served in the National Youth Service Corps (NYSC) as a graduate assistant with the Department of Chemical Engineering, Obafemi Awolowo University (OAU), Ile Ife. Thereafter, he started his managerial career as a young process engineer with Ashaka Cement Company Plc where he rose to the position of Deputy Production Manager

After completion of his MBA degree, Alhaji Wanka acquired further managerial competence during his stay with the Northern Nigeria Development Company (NNDC), Kaduna. During the period, he participated actively in new business development and monitoring of NNDC’s quoted and unquoted investments and left as Principal Investment Executive.

Alhaji Wanka began his banking career in April 1988 with the then Nigerian International Bank (Citibank Nigeria) where he served for six months as Deputy Manager. He was with the FSB International Bank Plc from 1991 to 1997 and rose to become Executive Director. He assumed duty as the MD/CEO of the then Gamji Bank Limited in 1997, moved to First Bank of Nigeria Plc in 1998 as Executive Director, where he spent about eight (cool years. In between his banking career, Alhaji Wanka spent three years in the Nigerian National Petroleum Corporation (NNPC) – September 1988 to April 1991 – where he was Acting Head, New business Development Unit and later Head, Strategic Planning Unit of the Corporation.

With experience in Corporate and Investment Banking, he served in various capacities in other organisations, most notably as Executive Director, Finance and Administration and also, Chairman of the Board of the Nigeria and Sao Tome Joint Development Authority (an agency which oversees the commercial exploration of mineral resources in the Joint Development Zone covering the overlapping maritime boundary between Nigeria and Sao tome & Principe).

Alhaji Wanka joined Unity Bank in March 2008 as a Group Executive Director, initially in charge of Retail Banking and later Risk Management & Control Directorates. He retired in August 2013, after serving as the Bank’s Managing Director for two (2) years.

Alhaji Wanka is currently the Chairman, APT Securities and Funds, APT Pension Fund Managers and Director, Arewa Metal Containers (ARMECO) Ltd.

Alhaji Wanka is a fellow of Chartered Institute of Bankers of Nigeria (CIBN); Nigerian Institute of Management (Chartered) (NIM); Nigerian Society of Chemical Engineers (NSCHE); Institute of Chartered Management Accountants (ICMA) and Institute of Credit Administration (ICA). He is also an Honorary Fellow of the Nigerian Chemical Society and a member of the Institute of Directors (IoD)



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Eko 89.7 FM’s OAP, Omobolanle Onigbanjo Is Dead




Popular Radio Lagos Presenter, Omobolanle Onigbanjo is dead.

Odunews.com confirmed this sad incident through a colleague of the deceased.

The cause of her death is still unknown as at the time of filing this report.

Series of Facebook posts shared by friends and colleagues, they all expressed how wonderful and great a person the deceased is.

In a post by Wale Hassan, a colleague of the presenter, he said:

“I honestly tried holding it back but like Prayer beads freely falling off a broken string, the tears kept rolling every time you cross my mind, Omobolanle Onigbanjo.
Who are we to ask Him ‘why?’

Despite my being a seeker of knowledge too, I’ll call her attention to what she did wonderfully well or her talk over the vocals of a particular song, Bola would smile broadly and say…” I knew you would monitor the programme and I can’t escape your observations, Tupac-Alhaji, thanks. I promise to improve on what you commended and avoid what you advised me against “.
I am always in awe of her drive for self-improvement.

She’s not bothered and wouldn’t bother you with her issues, a deep thinker yet carefree in a positive way.
What else can I say?
Bola, a loyal friend and sister. May your soul find peace with God.

Omijé tí ó mbó pòròpòrò lójú mi kìí se ti ìbèrù ikú, kíni aráyé yíò so bí màkàn-màkàn bá yí kan èmi náà ló mpa mí n’ígbe.”

Another facebook user, Oseni Shamsideen Owolabi said:

” When Death Strike The Live Studio

The ace broadcaster and microphone goddess, Stephanie Omobolanle Onigbanjo of Radio Lagos dies, sweet voice, charming look, all no more.”

Rest in peace.


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Ghana Becomes Nigeria’s Biggest Trade Partner After Border Closure




The latest foreign trade report released by the National Bureau of Statistics (NBS) shows some interesting numbers, as Ghana emerged Nigeria’s biggest export destination for the first time.

The report revealed that Ghana tops Nigeria’s export destinations in the third quarter of 2019, as the country imported N908.5 billion worth of Cable sheaths of iron, submersible drilling platforms and crude oil.

Nigeria’s top 10 trade partners

In Q3 2019, Nigeria’s top 10 trade partners are Ghana, India, Netherlands, Spain, United States, France, South Africa, Italy, China and Canada.

As reported in earlier publication on Nairametrics, India has remained Nigeria’s biggest export destination after it eclipsed the United States from the position.

According to the latest report, Ghana imported N876.5 billion non-crude oil products from Nigeria, while crude oil export stood at N32.02 billion in Q3 2019 only. By this, Ghana imported 17.18% of Nigeria’s total export in three months.
India now takes the second position with a total of N775.6 billion to import Nigeria’s goods. India imported N694.8 billion crude oil from Nigeria and N80.8 billion on non-crude oil.

The Netherlands ranks third, accounting for 9.82% of the total goods exported by Nigeria in the third quarter of 2019.

Spain is Nigeria’s fourth-biggest export market, with an estimated N454.6 billion in the third quarter of 2019. This represents about 8.60% of the total value of exported goods.

The United States once again returned to Nigerian oil, as the country emerged Nigeria’s fifth biggest export destination. It country imported N322.2 billion (6.28%) goods from Nigeria, with crude oil constituting N329.8 billion.
France is Nigeria’s 6th biggest export market, accounting for 5.02% of the total goods exported from Nigeria. The total export comprises N201.4 billion worth of crude oil products and N63.8 billion worth of non-crude oil goods.

South Africa accounted for 4.92% of the total value of goods exported in Q3 2019 from Nigeria, with N259.7 billion on crude oil and N512 million worth of non-crude oil exports.

In the first quarter of 2019, Italy accounted for 3.77% of the total value of Nigeria’s export. Basically, crude oil export to Italy was valued at N190.6 billion and non-crude oil products export were estimated at N8.54 billion.

China makes the list of Nigeria’s biggest export countries. In Q3 2019, Nigeria exported N168.2 worth of goods to China.

Canada completes the top 10 list with N149.5 billion worth of exports from Nigeria.

Why it matters?

The latest report is somewhat interesting as the development comes against the backdrop of recent border closure in the country.

In recent times, Nigeria’s neighbouring countries have pleaded with the federal government to open its borders due to damage it brings to its economy.

For instance, former President of Ghana, John Mahama recently appealed to President Muhammadu Buhari to open Nigeria’s borders, saying that Ghana has been heavily affected by the closure of the borders.

“I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said.

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