Connect with us

Business

Judge Throws Out Evidence in Alleged $35m NCDMB Fraud Case

info

Published

on

Images 11.jpeg

The trial of Akindele Akintoye, alongside Platforms Capital Investment Partners Limited and Duport Midstream Company Limited continued on Tuesday, April 14, 2026 before Justice Ekerete Akpan of the Federal High Court, Abuja, with the court refusing to admit in evidence, a document tendered by Akintoye, containing his request to buy off the shares of Nigerian Content Development and Monitoring Board, NCDMB.

The defendants are facing prosecution by the Economic and Financial Crimes Commission, EFCC on an amended six-count charge bordering on dishonesty and conversion of $35million belonging to NCDMB.

The application for the admission of the document was filed by counsel to the first and second defendant, E.O. Adekwu, SAN, on March 10, 2026, during his cross-examination of the Fourth Prosecution Witness, PW4, Isaac Yalah, but met a strong objection from the prosecution counsel, Ekele Iheanacho, SAN,  who asked the court to dismiss the application and reject the document on the ground that it was a mere photocopy and not a certified true copy.

“I have an objection to the admissibility of this document, the ground is that, this document is a photocopy of an original and it is addressed to NCDMB which is a public institution and such document should have been certified. The only admissible document in law of a copy of a public document is a certified true copy.  We rely on Section 89 of the Evidence Act and Section 102 of the Evidence Act, and we also commend the case of Adeyefa against Bamgboye 2013,

10NWLR, part 1863 page 532. We also commend the case of Onwuzuruike against Edoziem 2016 6NWLR Part 1508, Page 205. We urge the court to discountenance it and dismiss it,” he said.

Delivering ruling on the admissibility of the document on Tuesday, April 14, 2026, Justice Akpan aligned himself with the position of the prosecution counsel and threw it out on the ground that it is a photocopy of a public document and not the original.

He adjourned the matter till May 18 and 19, 2026 for continuation of trial.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

FCT Police Launch Crackdown on Illegal Tinted Vehicles

info

Published

on

By

1776284932 images 2.jpeg

The Federal Capital Territory (FCT) Police Command has commenced a fresh operation targeting vehicles with illegal tinted windows, concealed number plates and improper registration across Abuja.

FCT Commissioner of Police Ahmed Muhammed Sanusi disclosed the development during a media briefing on Friday.

He said security reports indicated that criminal suspects often use such vehicles to avoid identification and carry out unlawful activities.

According to the police chief, cases of kidnapping and the notorious “one-chance” robberies have been linked to vehicles operating with hidden identities.

Sanusi noted that tinted windows and covered registration plates make it difficult for security agencies to track offenders and investigate crimes.

He stated that enforcement teams have already been deployed across the territory to ensure compliance with existing regulations.

The commissioner clarified that the exercise is aimed at motorists violating the law and not those with valid approvals for tinted glass.

He revealed that more than 30 vehicles have so far been impounded for breaching the regulations and that offenders would face prosecution.

Sanusi urged residents to report suspicious persons, vehicles and activities, stressing that the operation is part of broader efforts to improve security and curb crime in the nation’s capital.

The post FCT Police Launch Crackdown on Illegal Tinted Vehicles appeared first on Business Today NG.

Continue Reading

Business

Nigeria receives multiple funding offers from investors, lenders — Minister

info

Published

on

By

651177723 10235197410969810 4237573749401380344 n e1780649400557.jpg

MTN ADVERT

Nigeria has received multiple funding offers from investors and institutional lenders, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said.

Speaking in an interview with Bloomberg TV, Mr Oyedele said the current market environment presents an opportunity for the country to refinance some of its existing debt while mobilising additional resources for development.

“We think that the timing is good for us to be able to maybe even refinance some of our expensive past debts, but also to raise more funding for our development at this critical time,” he said.

Responding to questions on whether Nigeria would pursue a Eurobond issuance or other commercial financing options, the minister said any decision would depend on prevailing market conditions, the amount of funding required and the speed at which the government intends to access the funds.

He noted that the country currently has several financing options available.

PT WHATSAPP CHANNEL

“We have a lot of offers, there is a lot of interest in Nigeria by investors, which is good for us,” Mr Oyedele said.

He added that Nigeria is also engaging with institutional lenders, including the African Finance Corporation (AFC), the African Development Bank (AfDB) and Afreximbank, alongside financing arrangements involving other countries.

“We have many options,” he noted.

ALSO READ: Nigeria eyes debt refinancing, fresh funding — Oyedele

Mr Oyedele explained that the government would carefully evaluate the cost, risks and suitability of available funding sources before deciding on the most appropriate financing strategy.

According to him, the objective is to ensure efficient use of resources while supporting the country’s development priorities.

“The goal is to get the best results from every dollar or every naira that we spend,” he said.


Continue Reading

Trending