Business
Court Remands Diamond Bank Staff Over N111.2m Fraud
Justice Mohammed Yunusa of a Federal High Court, Lagos, has remanded a Diamond Bank employee, Obioha Okengwu, at Ikoyi Prisons for allegedly defrauding the bank of N111.2 million.
The accused, whose address was not given, is standing trial on a nine-count charge bordering on conspiracy and fraud.
Prosecutor Effiong Asuquo, told the court that the accused committed the offences between April and August 2014 in Lagos.
He said the accused conspired with members of his family to defraud the bank.
According to him, the accused committed the offences while working in the e-Business unit of the bank handling daily settlement entries of transactions done on Point of Sales (POS) and Automated Teller Machine (ATM).
He said the accused unlawfully credited huge sums of money into his family’s account instead of the bank’s accounts.
“At different times, N37million and N41. 4 million was lodged into two accounts owned by one Uchenna Okengwu.
“The accused also credited the sum of N10 million into the account of one Rosamund Okengwu and N9.5 million paid into one Chukwuemeka Okengwu’s account.’’
The prosecutor urged the court to remand the accused in prison pending the commencement of trial.
The offences contravened Sections 20, 27 (b) and 30 (1) of the Cybercrime (Prohibition, Prevention) Act, 2015.
The accused pleaded not guilty to the charges.
The case has been adjourned to September 22 for hearing of the bail application.
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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