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Alleged Fraud: Court Grants N500m Bail To Saipem MD, Others

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A Rivers State High Court in Port Harcourt has granted bail to the Managing Director of Saipem Contracting, Mr. Walter Peviana, and Kelechi Sinteh Chinakwe with N500million.
On January 11, the duo were remanded at the Port Harcourt Correctional Centre over an alleged conspiracy to defraud the Rivers State Government the sum of $130million.
At the resumed hearing, for bail consideration, the trial Judge, Justice Okogbule Gbasam, granted bail to the defendants in the matter filed by the state government as registered in suit number PHC/3106/CR/2021.
The prosecution in the matter is the Government of Rivers State, while the defendants are Saipem SPA (1st defendant); Saipem Contracting Nigeria Limited (2nd defendant); Mr. Walter Peviana (3rd defendant); Kelechi Sinteh Chinakwe (4th defendant); Giandomenico Zingali (5th defendant); Vitto Testaguzza (6th defendant), and Davide Anelli (7th defendant).
Earlier, the counsel for the 1st, 2nd, 3rd and 6th defendants, Odein Ajumogobia (SAN), and the counsel for the 4th defendant, relying on Sections 194 and 169 of the Administration of Criminal Justice and Sections 35 and 36 of the Constitution of the Federal Republic of Nigeria, pleaded for the bail of their clients.
The counsel told the court to grant the defendants bail considering the facility where they were detained, explaining that their clients could fall ill following the spread of the COVID-19.
Ajumogobia urged the court to grant his client, Peviana, bail owing that he is the “managing director of one of the largest company in West Africa (Saipem),” and would not jump bail.
The counsel pleaded that the court has the power to grant bail to the defendants.
But the applicant counsel, Godwin Obla (SAN), urged the court to dismiss the bail application for the defendants.
Obla argued that the money involved in the allegation, if converted to Nigeria currency, would amount to N32billion, which he said is about 6.7percent of the total state budget for the year.
He argued that the 4th defendant counsel filed application of bail a day to the client arraignment in court, saying the application did not comply with the law; hence, the court should dismiss such.
The counsel further argued that: “It shows the seriousness of the crime the accused persons were charged with and reason why the accused should not be granted bail.”
Ruling on the bail application, Gbasam noted the error in filing a bail application before the defendant appears in court.
The judge said: “The anticipation is that bail should come before arraignment, arrest or remand. The application made on January 10, 2022, was merely speculation and presumption. The 4th defendant should have filed his application after the case has been brought to court.”
He stated that the application was null and void.
Gbasam, who also expressed the discretion of the court in granting bail to the 2nd and 4th defendant, ordered that they should present two sureties each, and surety for the 2nd defendant must be a principle officer of the 1st defendant (Saipem), and must own a landed property in the state with Certificate of Ownership.
Also, as the bail condition, the judge said the defendants should deposit their international passports to the court and that sureties must deposit original papers of their landed property in the court.
However, the court adjourned the matter till February 2, 3 and 4, 2022, for accelerated hearing.
Speaking with newsmen outside the courtroom, counsel for the applicant, Obla, explained that: “The matter came up today (Tuesday) for plea as previously scheduled by the court, and the plea of the defendants were all taken to the 15 count-charge, and they moved their application for bail.
“We opposed the application for bail but also left a window for the judge to also exercise his discretion.
“He has now granted bail to the 3rd and 4th defendants in the sum of N500million each, two sureties to provide landed property, the surety for the 3rd defendant must be a managerial level with the second defendant.
“The case has been adjourned till February 2, 3, and 4, 2022, for hearing on the day-by-day basis.”
Also speaking, counsel for the 1st, 2nd, 3rd and 6th defendants, Ajumogobia, lauded the court for granting bail to his clients, but noted the high conditions of the bail.
He said: “Bail is at the discretion of the court. We made an appeal that the court should issue conditions that are not too stringent. I think the court was gracious enough to issue difficult conditions, but we will try and see how we can meet those conditions-I mean N500million is not a small amount of money for the two of the defendants.
“But at least the challenge now is to meet those conditions for bail so that they can come out of the prison,” he said.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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