Wednesday, June 20, 2012
Africa's richest man billionaire Aliko Dangote re-instated as head of Nigeria's stock exchange
Nigerian billionaire Aliko Dangote will assume leadership of the governing board of Nigeria's stock exchange after an appeal court overturned the annulment of his 2009 election.
"We are a law abiding organisation and since the court has reinstated him (Dangote), we will surely abide by that," Nigerian Stock Exchange (NSE) spokesman Dante Martins said by telephone.
Martins said there would be a meeting of the board on Tuesday and Dangote will be there as its president.
Dangote, Africa's richest man currently with an $11 billion fortune and a cement empire stretching from Senegal to Ethiopia, was elected to head the bourse's board in August 2009.
But just before his tenure was to begin in March 2010, shareholders of a fuel importer Forte Oil Plc obtained a High court ruling preventing him from taking it up.
They had accused the billionaire of manipulating Forte Oil's share price on a day in which it fell the maximum 5 percent allowed. The stock exchange regulator had previously cleared Dangote of any involvement in manipulation, but the court upheld the case against his election nonetheless.
Dangote owns three companies listed on the bourse -- Dangote Cement, which makes up a quarter of the exchange's market capitalisation, Dangote Flour and Dangote Sugar.
Reuters
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Tuesday, June 19, 2012
Italian fraudster Mauro Zanin commits suicide while in custody of the Economic and Financial Crimes Commission
Mauro Zanin, an Italian arrested for alleged involvement in $111,000 fraud has reportedly committed suicide in the custody of the Economic and Financial Crimes Commission in Abuja.
The 52-year-old Italian took his life in a bathroom by strangling himself with a bedsheet in the EFCC detention facility in Abuja on Tuesday, a day before his scheduled arraignment before a Federal High Court in Abuja.
The agency confirmed the development in a statement issued by its spokesman, Wilson Uwujiaren.
It reads, “The Economic and Financial Crimes Commission, EFCC regrets to announce the passing of 52-year-old Italian, Mr. Mauro Zanin, a suspected fraudster two days before he was scheduled to appear in court.
“He was found motionless in the bathroom of the Commission’s detention facility in Abuja at about 4.50 am on June 19, 2012. He had apparently committed suicide using his bedsheet.
“All efforts by the duty officers and a team of EFCC medical personnel led by Dr. Gideon Osi of the commission’s Medical Unit to revive him with cardiopulmonary resuscitation proved futile. He was subsequently certified dead at about 5.45 am.
“Though all clues point to suicide, the incident has been reported to the Nigeria Police Station, Maitama for investigation.
“The deceased was arrested by Officers of the Nigerian Immigration Service following a complaint by one Ahamefula Chibuzor Ewuzie that he fraudulently obtained the sum of $111,000 from Gladwaters Nigeria Limited, and transferred to the commission on 30th May, 2012 for further investigation.
“The commission had filed a five count charge against him in court and got a Wednesday, June 20, 2012 as hearing date. He was served the court papers to prepare his defence yesterday.
“His arrest was officially communicated to the Italian Embassy on 31st May, 2012. The same day, the suspect was granted provisional bail, but he could not get a surety to take him on bail.
“While in detention, Mr. Zanin was visited on May 30, 2012, by Mr. Nicola Bazzani, First Secretary and Deputy Head of Mission at the Italian Embassy; and everyday by his lawyer, Mr.Ugochukwu Onyejiuto. “ It is important to say that I took this matter pro bono, with the hope that he will pay my fees when he is free.
I was spending my money feeding him… to my amazement; he refused to let his family know what was going on. He has a 30 year-old son who is a lawyer in Italy but he was always telling them all was well”, Onyejiuto said.
“Zanin took his own life a day to his scheduled arraignment. He was supposed to be arraigned before the Federal High Court (5) in Abuja on Wednesday, June 20, 2012.
“Dr. Mma Wokocha, the complainant expressed shock at the news of the death of the suspect, wondering how she would recover the huge sum of money obtained from her by the deceased. However, she absolved the Commission of any blame in the death of the suspect.
“Nobody should blame the EFCC. The Commission has done what it has to do, you cannot blame the EFCC…there was total human care for this guy,” she said.
Facts of the Case
The deceased, a confirmed fraudster, allegedly obtained the money from Wokocha under the guise of selling used Dredger Italgraghe SGT 200 to them, to execute some dredging contract in the Niger Delta. The suspect sent them a Bill of Laden but their long wait for the ship, MSC Trinidad to berth was futile. Unknown to the complainant the Bill of Laden was forged as the ship indicated had ceased to exist long before they ever met the deceased three years ago.
The remains of the suspect have been deposited at the mortuary awaiting an autopsy.
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Protesters siege national assembly over $3 million bribery scandal
As the National Assembly resumed from its recess Tuesday, scores of youths under the umbrella of Nigeria Youth for Good Governance (NYGG) stormed the National Assembly to protest against corruption in the legislative arm of government.
Speaking to newsmen at the premises of the National Assembly, the Leader of the group Comrade Joe Mesele berated legislators for repeatedly getting involved in acts of corruption.
Several of the protesters carried placards bearing different inscriptions. Some of the inscriptions read: "We don't want corruption any more"; "We say no to corruption in the National Assembly"; "No more honourable looting"; "Nigerian Youths say no to legislative corruption"; "Let's sanitise the parliament, the last hope of the masses".
The NYGG leader said the group was comprised of conscious Nigerian youths who believe in the tenets of democracy, good governance and development and as such "we believe that our democracy must be sanitized of corruption.
"The type of allegations and counter allegations coming out of the National Assembly is unacceptable for an institution that should represent the people of this country.
"We feel that as responsible and patriotic Nigerians we should come here today to formally make a presentation in the form of a protest to the National Assembly so that the members would know we are watching them keenly and we are not happy about what they are doing", Mesele stated.
He however, denied that his group was sponsored to embark on the protest. According to him, "we have not seen any Nigerian who can sponsor this group to embark on a protest because we have conscience. Although we are not as organized as we should be, this is not the first time we have marched on the streets to protest against ills in the society."
The group was prevented from entering the chambers of the National Assembly by security operatives, however, a police officer collected their placards for onward submission to the leadership of the NASS.
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Man lynched for being gay
A 60 year old man alleged to be a homosexual was lynched by an angry mob in Yelwa Ward in Yola, Nigeria.
The 60 year old man was suspected to have had a relationship with a 20 year old man.
The deceased identified as Hassan Buba, a resident of Yelwa Ward in Yola North Local Government, according to sources, admitted having sex with the man for over four years.
Eyewitness account disclosed to Vanguard in Yola that the Late Hassan Buba met his untimely death when his victim confessed to his parents about the relationship.
It was at this junction that the deceased was invited to the victim's family house where he admitted to having a long standing sexual relationship with the man.
Angered by the revelations, the father of the man identified as Shuaibu alongside irate youths pounced on the confessed homosexual.
He was beaten to a state of coma and abandoned by the roadside close to where the incident happened.
Police from the Jimeta Division headquarter took the man to the Yola Specialist Hospital where he died before medical attention was administered on him.
Adamawa State police Command Spokesman Nemuel Yoila (ASP) confirmed the incident, but, he however disclosed that the matter has not yet been officially reported to the headquarters from the Divisional Headquarters.
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Woman dumps baby in toilet
An Abuja magistrate last Thursday sentenced a 30-year-old female apprentice to 360 days imprisonment without fine option for dumping her two-day -old baby inside a pit latrine.
The woman, Mariam Sulieman, had earlier pleaded guilty to wrapping her baby in a polythene bag and dumping it inside a pit latrine.
She told the court that the father of the child denied responsibility for the pregnancy and she had no means to look after the child, adding that she has two other children in Nasarawa and could not cope with an additional one.
Police Prosecutor, Philip Appolos, told the court that the accused was arrested on June 12, after a complaint by one Mariam Abubakar at Life Camp Police Station.
The prosecutor said that the accused who reside at Daki Biyu village, Jabi, Abuja, abandoned the child at an unknown location, adding that the baby is yet to be found till date.
He said the offence contravenes Section 325 of the Penal Code.
Magistrate Sadiya Mayana sentenced the accused to 360 days imprisonment and ruled that she should be taken to any government hospital for medical check up before serving her sentence.
Meanwhile, two suspected accomplices of the convict, Mamuna Buhari, 35 and Abuseitu Saidu, 29, pleaded not guilty and where granted bail in the sum of N10,000 each with a surety in like sums.
The police prosecutor had told the court that the two allegedly gave support to the convict to commit the crime.
Their case was adjourned to June 25 for hearing.
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