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SEC Accuses Reps Of Demanding N44m Bribe

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The embattled Securities and Exchange Commission (SEC) boss , Ms Arunma Oteh has accused some members of the House of Representatives committee on Capital Market of demanding N44million bribe from the commission.

Speaking yesterday after being accused by lawmakers for abusing her office and embarking on limitless spending,  Ms. Oteh said the lawmakers were furious because she turned down the request of the committee chairman, Hon Hernan Hembe, for a N44million tip.

Oteh said the lawmaker first asked for N39 million to defray the cost of the ongoing public hearing, and when she declined, the chairman asked for N5million.

That was in addition to the commission sponsoring a foreign trip for members of the committee, and paying them estacodes.

The accusations had unsettled the mood at the hearing, which was beamed live on television, and lawmakers were scrambling to play down the concerns.

After the allegations, Mr. Hembe asked to identify representatives of the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) at the hearing, and said he was surrendering himself to their probe over the charges.

Lawmakers discussed informally on the possibilities of containing the news, with senior members questioning why the event was screened live in the first instance.

Our correspondent could not ascertain the veracity of Ms. Oteh’s allegation against the lawmakers but sources close to her said she arrived the hearing yesterday fuming and threatening that she would unsettle the lawmakers and make them pay dearly for humiliating her.

Meanwhile, a Federal High Court sitting in Lagos yesterday adjourned till May16, ruling on whether to stay proceedings in the corruption case filed against a Nigeria-based Indian businessman, Patrick Fernandez.

The EFCC is prosecuting Fernandez  before Justice James Tsoho on a 56-count-charge, following allegations of money laundering and financial crime based on an attempt to defraud some commercial banks of N32 billion.

Joined in the suit are three firms – Joseann Global Resources Ltd, Pet Prime Impex Ltd and Pet Ferns Nigeria Ltd – alleged to be linked with the accused person.

At the resumed hearing of the case yesterday, counsel to the accused, Mr James Ocholi  (SAN), urged the court to stay further proceedings pending the hearing and determination of an appeal being filed.

He said that he had filed an appeal against a ruling of the court which dismissed his client’s application to quash the charge against him.

“It is settled law that where an indictment is barred, the trial will be an event in futility, no matter how well it is conducted,” he said.

He told the court that the appeal had been entered but that no date had been fixed for its hearing because of election petition cases.

Prosecution counsel, Miss Deborah Ajibade, urged the court to dismiss the application on the grounds that no special circumstances were tendered to show why the court should stay further proceedings.

“Whilst the 1999 Constitution recognised the right of a dissatisfied party to appeal, there is nothing in it that says that a stay of proceedings must be granted,” she said.

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May Day: Labour Seeks Inclusiveness In Policy-making 

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The Organised Labour yesterday, called on the Federal Government to ensure inclusiveness in policy making and guide against erosion of rights, such as free speech and association.

The President, Nigeria Labour Congress (NLC), Mr Joe Ajaero made the call at the 2025 Workers’ Day celebration held at the Eagle’s Square, Abuja.

The Tide source reports Ajaero and the President, Trade Union Congress, Mr Festus Osifo delivered a joint statement on behalf of the organised labour at the event.

Ajaero described May Day as, not only a moment to honour workers’ sacrifices, but also a platform to demand justice and accountability from those in public office.

He frowned at the alleged suppression of protests, and the erosion of rights  of workers by some agents

According to him, workers have a duty to resist economic injustice, insecurity, and policies that undermine their dignity.

Speaking on the theme of the day, the NLC President underscored the need for Nigerian workers to reclaim the civic space and resist policies that contribute to worsening economic conditions.

“Our theme this year – “Reclaiming the Civic Space in the midst of Economic Hardship – reflects the urgent need for citizens to protect democracy and push back against repression.

“The civic space, where Nigerians express their concerns and challenge injustices is shrinking.

“If we fail to reclaim this space, the foundation of our democracy risks collapse,” he said

Ajaero, therefore,  urged workers to unite and resist division, fear, and despair.

He also urged them to mobilise and organise for change, declaring that the right to  demand better conditions is non-negotiable.

“Without workers, there is no society; without labour, there is no development. We must take our place in the fight for economic justice and democratic governance.”

Speaking in the same veins, Osifo said workers are the backbone of the nation—the educators, healthcare providers, builders, farmers, and innovators who sustain its economy -.

He stressed the need for the labour to reclaim the civic space even in the midst of economic hardship.

 

 

 

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2025 UTME: JAMB Disowns Site Requesting Payment From Candidates

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The Joint Admissions and Matriculation Board (JAMB) has disassociated itself from a fraudulent site requesting payments from candidates who missed the ongoing 2025 Unified Tertiary Matriculation Examination (UTME).

The board said that the site, “Copyrightwriter Personal J Rescheduling Flw” and account number 8520641017 at Sterling Bank, associated with it, are scam.

The disclaimer is contained in a statement made available to newsmen in Abuja on Thursday by the Board’s Public Communication Advisor, Dr Fabian Benjamin.

Benjamin said the account is being exploited to defraud unsuspecting candidates who missed their UTME.

“We issue this urgent notice to inform the public about this nefarious scheme targeting candidates who were unable to participate in the UTME.

“Some unscrupulous individuals are deceitfully soliciting payments of N15,700 under the false pretence of offering rescheduling services for the examination.

“Let us be unequivocal: this, it is a blatant scam, and we are confident that the public will not fall prey to such cheap and regressive tactics.

” The individuals behind this scam have no affiliation with JAMB or any legitimate government agency.

“The account details provided in these communications are entirely fictitious and bear no connection to any official processes; they exist solely for the purpose of perpetrating fraud,” he said.

Benjamin called on Sterling bank to take immediate and decisive action against this criminal activity.

According to him, JAMB has reported the matter to the relevant security agencies and actively pursuing those responsible for this deceitful act.

He further said that “JAMB does not reschedule examinations for candidates who miss their scheduled tests due to reasons unrelated to the Board’s actions”.

He, however, said that the Board is conducting a thorough investigation for candidates whose biometrics failed during verification and were thus unable to sit for the examination.

He said those without discrepancies would be invited to retake the examination at no cost , stressing that “no cost is required”

“It is imperative to understand that JAMB does not charge any fees for examinations after a candidate has completed their registration.

“We strongly urge all candidates to remain vigilant and not to succumb to these fraudulent schemes.

“Protect yourselves and report any suspicious activity immediately,” he explained.

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NDDC Seeks UN’s Support To Accelerate Niger Delta Development

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The Niger Delta Development Commission (NDDC) has expressed its willingness to partner with the United Nations (UN) to accelerate the development of the Niger Delta region.

Dr Samual Ogbuku, Managing Director of the NDDC, made the appeal in a statement issued by the commission’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, in Port Harcourt on yesterday.

According to the statement, Ogbuku sought the UN’s support during his visit to the UN Resident and Humanitarian Coordinator (UNRHC), Mr Mohammed Fall, at the UN regional office in Abuja.

He called on the global body to provide the NDDC with technical assistance and expert services to support the region’s development.

“We are eager to collaborate with the UN, recognising that the state governments in the region and the NDDC alone cannot achieve the level of regional development required,” he said.

Ogbuku identified key areas where support would be needed, including the provision of portable and affordable drinking water powered by high-tech solar energy sources.

He also highlighted the importance of reforesting the mangrove swamps, which have been severely damaged by decades of environmental degradation caused by oil exploration in the Niger Delta.

“Although the NDDC has made progress in providing solar-powered streetlights across the region, we still require UN support in delivering solar energy solutions for residential buildings.

“We also wish to explore the possibility of installing solar mini-grids in homes across communities, which would boost local commerce and trade,” he added.

The NDDC managing director further appealed for increased UN involvement in areas such as healthcare, education, youth training, gender development, and food security.

Ogunku stated that such interventions would significantly enhance the standard of living in the region.

In response, Fall affirmed the UN’s readiness to collaborate with the NDDC to fast track development in the Niger Delta.

He assured that the UN would support initiatives in food security, job creation, education, and renewable energy, among other areas.

“We aim to approach development in the Niger Delta holistically, rather than focusing solely on environmental pollution.

“This is merely an entry point; however, the UN’s development vision aligns with the Sustainable Development Goals (SDGs), which are designed to positively impact various aspects of people’s lives,” Fall stated.

He assured the NDDC of continued and fruitful engagements to drive the region’s development.

 

 

 

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