Business
Court Jails Fraudster 37 years for N29m Procurement Fraud in Damaturu
Court Jails Fraudster 37 years for N29m Procurement Fraud in Damaturu
Justice Lawu Lawan of the Yobe State High Court, Damaturu on Thursday 23, April 2026 convicted and sentenced one Abubakar Sadiq Abubakar to 37 years imprisonment.
The defendant was arraigned by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on a four- count charges bordering on obtaining by false pretence, criminal misappropriation, forgery and used forged documents as genuine to the tune of N29,175,000. (Twenty Nine Million, One Hundred and Seventy Five Thousand Naira).
Count one reads: “That you, Abubakar Sadiq Abubakar, sometimes in 2023, at Potiskum, within the jurisdiction of this honourable court, with intent to defraud did obtain the gross sum of N29,175,000 (Twenty Nine Million, One Hundred and Seventy Five Thousand Naira) from one Ibrahim Zakari Waziri, Shittu Ali Firi and Afreebak Nigeria Limited a company registered in Nigeria under the pretence that the said amount represent payment for the supply of 38.9 metric tons of white sorghum when you represented yourself as a Procurement Officer of Bua Food Plc which you knew to be false and thereby committed an offence contrary to Section 1(1) (a) of the Advance Fee Fraud and other Fraud Related Offences Act,2006 and punishable under Section 1(3) of the same Act.”
Count three reads: ” That you, Abubakar Sadiq Abubakar, sometimes in 2023, at Potiskum, within the jurisdiction of this honourable court, did fraudulently make a false documents to wit: (1) a BUA Food Plc supply agreement dated 10th December, 2024, in the name of Afreebak Nigeria Limited, Potiskum, Yobe State purportedly issued by BUA Food Plc for the supply of 38.9 metric tons of white Sorghum (2) as official statement purported to emanate from BUA Food Plc dated 7th October, 2014 (3) and acknowledgement of receipt of 38.9 metric tons of white sorghum purported to emanate from BUA Food Plc knowing all to be forged and handed same to Ibrahim Zakari Waziri, Shittu Ali Firi and Afreebak Nigeria Limited and thereby committed an offence contrary to Section 364 and punishable under Section 366 of the Penal Code Law Cap 102 Laws of Yobe State.”
The defendant pleaded “not guilty” to the charges when they were read to him by the court, prompting the EFCC to put him to trial.
In the course of trial, prosecution counsel Mukhtar Ali Ahmed presented five witnesses and tendered several documents as exhibits before the court.
Justice Lawan thereafter, convicted and sentenced Abubakar on count one with an option of fine to the tune of N100,000.00 or serve ten years imprisonment. While on count two the convict is to pay a fine of N5,000 or serve two years imprisonment.
On count three, the convict is to pay a fine of N100,000 or serve eight years imprisonment while on count four the judge ordered him to pay a fine of N60,000 or serve seven years jail term.
The judge further ordered the convict to pay the sum of N29,175,000 to the petitioner or serve additional ten years imprisonment.
The convict’s journey to the prison started when he approached the petitioners and introduced himself as a procurement officer of BUA Foods Plc and issued fake receipts to them for the purchase of sorghum from the company. He collected the sum of N29,175,000 from his victims. He was thereafter arrested, prosecuted and convicted.
The post Court Jails Fraudster 37 years for N29m Procurement Fraud in Damaturu appeared first on Business Today NG.
The Federal Government has dismissed reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products, saying the claims are false and misleading.
The Federal Ministry of Finance disclosed this on Wednesday in a statement signed by Maryann Duke, senior special assistant on communications and press secretary to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.
It said the reports, which linked the proposed taxes to the International Monetary Fund (IMF) Article IV Consultation on Nigeria, do not reflect its position.
According to the government, the recommendations contained in the IMF report are advisory and do not constitute policy decisions or binding actions for Nigeria.
“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement said.
Fuel tax rules remain unchanged.
The government also clarified that existing tax arrangements on petroleum products remain in place.
It said the Value Added Tax (VAT) waiver on fuel has not been removed and is still active.
It also explained that any fuel surcharge can only take effect through a ministerial order published in the Official Gazette, adding that no such action is being considered.
According to the statement, the current arrangements have helped cushion the impact of global fuel price changes on Nigerian households and businesses.
READ ALSO: NRS launches Rev360 to ease tax compliance
Telecoms excise duty
On telecommunications, the government said the excise duty introduced before 2023 has already been repealed under the new tax laws.
It added that the tax is, therefore, no longer in force.
The ministry urged Nigerians, media organisations and businesses to disregard claims about new telecoms and fuel taxes.
It said Nigeria’s tax policy remains focused on improving revenue collection, supporting economic growth, and attracting investment, rather than increasing the tax burden on citizens.
The ministry added that any future tax changes would be communicated through official channels and implemented strictly in line with due process.
Business
Supreme Court Upholds APP’s Registration, Ends Deregistration Battle Ahead of 2027 Elections
BY NKECHI NAECHE-ESEZOBOR—The Supreme Court has brought an end to the legal dispute over the status of the Action Peoples Party (APP), affirming that the party remains duly registered and eligible to take part in the 2027 general elections.
The apex court struck out Appeal No. SC/CV/248/2026 after the appellant, Mr Blessing Elujiuba, voluntarily withdrew the case, bringing the challenge to a close.
This decision leaves intact earlier judgments delivered by both the Federal High Court and the Court of Appeal, which had upheld the party’s legal recognition.
The ruling was delivered on May 12, 2026, by a five-member panel of the Supreme Court led by Justice John Inyang Okoro, who noted that the matter was withdrawn without objection from other parties.
The court subsequently dismissed the appeal following its withdrawal, formally ending the proceedings at the apex level of the judiciary.
The case involved the Independent National Electoral Commission (INEC), the Action Peoples Party (APP), and the party’s National Chairman, Uche Kingsley Nnadi.
The initial legal action had sought to force INEC to remove APP from its register on the allegation that it failed to meet constitutional requirements under Section 225A of the 1999 Constitution.
However, earlier rulings had found that APP met the necessary legal conditions for continued registration, citing evidence of electoral participation and victories at local government level.
The courts also upheld the interpretation that fulfilling any of the conditions outlined in Section 225A is sufficient for a political party to retain its registration status.
With all tiers of the judiciary aligned in its favour, APP’s legal standing remains intact, clearing the party to continue preparations for the 2027 elections without any outstanding court challenge.
The post Supreme Court Upholds APP’s Registration, Ends Deregistration Battle Ahead of 2027 Elections appeared first on Business Today NG.
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