by Admin | Sep 13, 2016 | Blog |
Follow @NigeriaPI Weeks after the Nigerian Security and Exchange Commission (SEC) warned the general public against falling prey to an online investment scheme tagged, “MMM Federal Republic of Nigeria,” many people remain immovable in their quest for its breadth-taking gains. In a survey by The Guardian, most of the respondents, who were mostly students of tertiary institutions, described the scheme as a less-risky venture, which if successful, leaves participants smiling. The MMM, according to information on its website, is a trending financial scheme which promises to create a community of people providing financial help to one another on the principle of gratuitousness, reciprocity and benevolence. Registered members help each other by providing a certain sum of money (as ordered by the operators of the scheme) and such paid amount is expected to yield a 30 per cent increase at the end of the month. At any month end, members could withdraw their invested amount as well as the added interest through a similar means of being paid by another participant. By operation, the scheme, which platform is Nigeria., has no central system or account. However, SEC, in a recent statement on its website, disclosed that the system was a ponzi scheme, alleging that the facilitators were online fraudsters who promise high rates of return with little risk to investors. It added: “The platform has embarked on aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid and financial network’ with a monthly investment return of 30 per cent. “The operation of this investment scheme has no tangible business model, hence it is...
by Admin | Sep 13, 2016 | Blog |
Follow @NigeriaPI The Economic and Financial Crimes Commission, EFCC, on Monday, September 5, 2016 arraigned one Jules Suinner before Justice Babs Kuewumi of the Federal High Court sitting in Ikoyi, Lagos on a three-count charge bordering on conspiracy to obtain money by false pretence to the tune of N37million( Thirty-Seven Million Naira). Suinner, together with his cohort, allegedly hijacked the email address and letterhead of a company named Greenview Development Nigeria Limited and used same to write a letter to Access Bank Plc to transfer the sum of N25, 000,000 (Twenty Five Million Naira) to the account of ICT Aid Foundation Cooperative Society domiciled with United Bank For Africa, UBA. The money was allegedly transferred on July 14, 2015. Also, the suspected fraudsters, on July 22, 2015, allegedly wrote to Access Bank to transfer of the sum of N12, 000,000 (Twelve Million Naira)| to the account of one Tee-EM Nigeria Limited domiciled with UBA. One of the charges reads: “That you, Jules Suinner, on or about the 13th day of July 2015, in Abuja, within the jurisdiction of this Honourable Court, with intent to obtain money under false pretence, conspired with ICT Aid Foundation Cooperative Society (still at large) and others (still at large) to fraudulently impersonate officials of Greenview Development Nigeria Limited.” The suspect pleaded not guilty to the charges when they were read to him. Justice Kuewumi ordered the suspect to be remanded in prison custody and adjourned to September 14, 2016 for commencement of trial. Meanwhile, the trio of Idorenyin Okon, Usen Akpan and Ukpai Onyike were also arraigned before Justice Kuewumi on a four-count...
by Admin | Sep 13, 2016 | Blog |
Follow @NigeriaPI Funmilayo Adedeji, a mother of two has accused her husband, Emmanuel Adedeji of using their son for money ritual. Speaking at Igando customary court, the wife, Funmilayo said she is not sure about the source of sudden wealth of her husband. She said, “he started showing signs of prosperity immediately we gave birth to the boy. My husband’s wealth became noticeable and started booming after the birth of our baby. “Our son is now 12 years old, but he can neither walk nor talk.” The husband, Adedeji, who had approached the court seeking an end to their 16-year-old marriage over defamation of his character by his wife denied using his son for money rituals. He said, “My wife won’t stop accusing me of using my physically challenged son for money ritual. It is God that has blessed me with wealth; I never used my son for any ritual,” he said. Adedeji said that his wife was also ‘good at fighting,’ claiming she had the habit of beating him in public. Apart from the beating, Adedeji also claimed that curses from his wife were beginning to affect his life and business negatively. The marriage was eventual dissolved. The magistrate, Mr Adegboyega Omilola, while giving his judgement said, “Since the petitioner insisted on a divorce after several interventions, the court has no choice but to dissolve the union in spite of the fact that the wife still claims she loves her husband. “The court hereby pronounces the marriage between Emmanuel Adedeji and Funmilayo Adedeji dissolved today; both parties, henceforth, cease to be husband and...
by Admin | Sep 13, 2016 | Blog |
Follow @NigeriaPI The Economic and Financial Crimes Commission (EFCC) is set to sieze N3billion properties of former Minister of Petroleum, Diezani Alison-Madueke. According to reports, the properties are said to be located in Port Harcourt, the Rivers State capital. According to a popular daily, an EFCC source said: “Based on latest intelligence, we have been able to trace more choice assets to Mrs. Alison-Madueke in Port Harcourt. We have drafted more operatives in Rivers State. “We have identified more than five of such assets but we need to verify the ownership by going through some documents before attaching the properties in line with our mandate. The Economic and Financial Crimes Commission (EFCC) is set to sieze N3billion properties of former Minister of Petroleum, Diezani Alison-Madueke. According to reports, the properties are said to be located in Port Harcourt, the Rivers State capital. According to a popular daily, an EFCC source said: “Based on latest intelligence, we have been able to trace more choice assets to Mrs. Alison-Madueke in Port Harcourt. We have drafted more operatives in Rivers State. “We have identified more than five of such assets but we need to verify the ownership by going through some documents before attaching the properties in line with our...
by Admin | Sep 13, 2016 | Blog |
Follow @NigeriaPI Two students of the Osun State University (UNIOSUN) in Osogbo, identified as Samuel Eke (25) and Robert Akinduro (26), who were declared missing are yet to be found. It was earlier reported that the two Computer Science 400 level students reportedly left the school last week, leaving friends with no clue of their whereabouts. It was later gathered that the two students had left their hostel at Suzy area to Citadel Hostel about 11p.m. on Monday, they had not been seen by their parents, fellow students, and relatives till date. The President, Nigerian Association of Computer Science Students (NACOSS) in the university, Mr Yusuf Oluwakalo, said Eke and Akinduro were said to have gone to Citadel Hostel to sort out their project issue but did not reach the hostel. He said: “On Monday, they left their hostel to meet another guy at Citadel Hostel to sort out their project issue. Whether they took a motorcycle or trekked, nobody knew, but the guy at Citadel Hostel confirmed they had contacted him via AhataApp message that they were on their way.” Akinduro stressed that since they were nowhere to be found and their parents never saw them, the institution authorities had reported the matter at Okebale Police Station. “Subsequently, the matter has been reported to the Commissioner of Police in Osun, Mr Femi Oyeleye,” he added. The family, NACOSS members, and friends, however, appealed to the general public to help in the search and contact the Police station or the school authority if there is any useful information about the missing...
by Admin | Sep 13, 2016 | Blog |
Follow @NigeriaPI Worried by his wife’s alleged adulterous acts, Mr Azeez Adeshina has approached the Ikorodu customary court in Lagos State to dissolve his 22-year-old marriage. According to the News Agency of Nigeria (NAN), Adeshina, a 40-year-old man, told the court that his wife, Oluwatoyin, was an ‘unrepentant adulterer.’ He asked the court to dissolve the union since the woman stopped liking him since 2007. “I caught her red-handed committing adultery. “She incited some people to beat me almost to the point of death and the people confirmed this to me after carrying out her orders. “I cannot imagine being associated with a person that is not under my roof and still bears my name. “My estranged wife does not care about her image as a wife; she takes pleasure in living outside my home so that she can continue with her adulterous acts. “I need to move on in life and regain my sanity and that is why I want to divorce her,” he told the court. The petitioner also said he wanted to be separated from Oluwatoyin because she had been endangering the lives of their four children. Adeshina added: “I have always told her that I do not want her to cross highways with my children where there is a pedestrian bridge but she refused. “I do not love her again and I do not want her to bear my name any longer.” Meanwhile, the respondent, Oluwatoyin who is also 40 years old, accused the petitioner of failing to pay her dowry. “He is not a caring person and he finds it difficult to care for...
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