News

Court Jails Poly Rector for N1.1m Fraud against Students

Justice N.I. Buba of the Federal High Court, Enugu, Enugu State, on Thursday, December 10, 2020, committed Dr Isidore Ojukwu Nwankwo to prison for fraud.

Nwankwo, former Rector, Enugu Polytechnic, Ndeabor, Ani-Nri, Local Government Area, was prosecuted by the Enugu Zonal Office of the Economic and Financial Crimes Commission, EFCC, on six-counts charges, bordering on conspiracy and obtaining money under false pretence to the tune of N1,153,700.00 (One Million, One Hundred and Fifty-three Thousand, Seven Hundred Naira), being the amount he obtained by fraud from some students of the school in contravention of Section 1(1)(a) of Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and Punishable under Section 1(3) of the Same Act.

Nwankwo’s journey to prison began when one Eze and 19 other students of the school petitioned the Enugu Zonal Office of the EFCC, alleging that they were deceived into believing that the school was partly owned by the Enugu State government and accredited by the appropriate authorities, following which they paid the sums of N5, 000 for admission form, N10, 000 for acceptance fee and N35, 000 for first semester school fees, before discovering that it was an illegal institution.

Investigation by the EFCC, revealed that the state government has no business with the school; and that the school is neither recognized by the state government, nor registered with the National Board for Technical Education (NBTE) and Corporate Affairs Commission (CAC).

While noting that prosecution counsel, Michael Ani Ikechukwu, proved his case against the defendant beyond reasonable doubts, Justice N.I. Buba convicted and sentenced him to one year imprisonment and further ordered him to restitute the students, the sum of N1,153,700.00.

Leave a Comment

Your email address will not be published.

You may also like

Business News Society Tourism Travels Trends

NEPC and NiDCOM Partner to Launch Diaspora Export Market Place

post-image

 

In a bid to strengthen Nigeria’s export market and leverage the potential of the diaspora, the Nigerian Export Promotion Council (NEPC) and the Nigerians in Diaspora Commission (NiDCOM) have teamed up to create the Diaspora Export Market Place (DEMP). This was announced during a strategic meeting held at NiDCOM Headquarters in Abuja, where both organisations expressed their commitment to expanding Nigeria’s export reach, particularly in the non-oil sector.

Mrs. Nonye Ayeni, the Executive Director and CEO of NEPC, highlighted the significance of the agricultural sector, which contributes 25 percent to Nigeria’s GDP and employs over 70 percent of the population. She emphasized that NEPC’s mandate to promote and coordinate export activities aligns with various initiatives like “Seeing Beyond Borders” and “Nigerian Heritage City.” These initiatives aim to promote the growth of Nigeria’s non-oil exports by engaging more stakeholders, especially those in the diaspora.

Mrs. Ayeni further explained that the Diaspora Export…

Read More
Business Economy

Nigeria set to become the first West African manufacturing hub for insecticide-treated nets in the battle against malaria

post-image

Vestergaard Sàrl (https://Vestergaard.com/) announced today that the Government of the Federal Republic of Nigeria, acting through the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC), has signed a Memorandum of Understanding (MoU) with the company, as an initial step to establish the country as the first West African manufacturing hub for insecticide-treated nets (ITNs) to combat malaria – and the first on the continent to produce dual active-ingredient nets to help combat insecticide resistance.

 

Nearly every minute (https://apo-opa.co/4eqUoIY), a child under 5 years old dies from malaria. The African continent accounts for almost 95% (https://apo-opa.co/4ecJ8jD) of the world’s malaria cases – one quarter of these are in Nigeria. New approaches are needed to boost access to tried-and-tested, cost-effective tools to combat the disease, and local manufacturing of nets, medicines and vaccines is a priority for the continent…

Read More
Business Culture Economy International Investments News Tourism Travels Trends

Majority of African Countries Will Take Center Stage in BRICS+ Fashion Summit in Moscow

post-image

A majority of African countries will take part in the BRICS Fashion Summit (https://FashionSummit.org/) in Moscow. The Summit is set to be the largest event in the fashion world, serving as a platform for the exchange of experience between leading industry players from emerging markets. Africa will be represented by delegations from over 30 countries, including South Africa, Ethiopia, Egypt, Algeria, Tanzania, Ghana, Nigeria, Zimbabwe, and others. The Summit held in Russia, chairing the BRICS this year, will also welcome delegations from China, India, Indonesia, the UAE, Brazil, Malaysia, and other nations from Asia, Latin America, and Europe.

 

Stephen Manzini, Founder and CEO of Soweto Fashion Week, emphasizes the importance of the BRICS Fashion Summit for the global fashion industry: “The BRICS Fashion Summit is very important for emerging economies and the global South as we have never had a united platform of this nature in history….

Read More
Business Culture Economy Entertainment Society Trends

African fashion designers supported by Afreximbank’s Creative Africa Nexus (CANEX) shine at Paris Fashion week

post-image

Two weeks after the highly successful inaugural Tranoï Tokyo trade show held in Japan from September 4-5, over 20 exceptional fashion brands from across Africa and the diaspora showcased their designs at the Paris Fashion Week on 26-29 September at Tranoï, Palais Brongniart as part of Afreximbank’s CANEX Presents Africa initiative (www.Afreximbank.com).

 

Afreximbank’s dedicated scenographic exhibition space  showcased a diverse array of brands, including Ethiopia’s Mafi Mafi, Kenya’s Adele Dejak, We Are NBO, and Katush, Zanzibar’s Doreen Mashika, and Nigeria’s Emmy Kasbit, WUMAN and Bloke. Representing South Africa were JUDY SANDERSON, David Tlale, and Thebe Magugu, while Zimbabwe was represented by Vanhu Vamwe.

Other incredible brands included The Cloth from Trinidad and Tobago, Olooh and Kente Gentlemen from Côte d’Ivoire, Ghana’s Christie Brown and Beyodoe, Late For Work from Morocco and Margaux Wong from Burundi.

This moment is quite significant as it marks the first…

Read More
Business Economy Finance Fintech

VFD Microfinance Bank Appoints Temitope Osinubi as General Manager for Audit, Control, and Compliance

post-image

VFD Microfinance Bank, a leading institution in the Nigerian financial sector, has recently announced the appointment of Temitope Osinubi as the new General Manager for Audit, Control, and Compliance. This strategic appointment underscores the bank’s commitment to ensuring robust governance, transparency, and adherence to the highest regulatory standards as it continues to deliver on its vision of promoting financial inclusion and sustainable banking.

Temitope Osinubi joins VFD Microfinance Bank with an impressive academic and professional background. She holds a Master of Science (M.Sc.) degree in Actuarial Science from the prestigious University of Lagos, in addition to a Bachelor of Science (B.Sc.) in Mathematics from Olabisi Onabanjo University. As a Certified Internal Auditor (CIA), Temitope brings with her a wealth of experience,…

Read More
Business Culture

NNPC/Seplat JV’s “Eye Can See” Programme Restores Vision, Hope in Imo

post-image

 

 

The NNPC Ltd/ Seplat Energy Joint Venture (JV) partnership has conducted a medical outreach, providing free eye health services to individuals with visual impairments in Ohaji/Egbema community of Imo State.

Through its “Eye Can See” programme, a Corporate Social Responsibility (CSR) initiative, the JV dispensed more than 10,000 reading glasses and successfully performed 639 eye surgeries, including cataract removals, for host community members who otherwise had limited access to such vital medical services.

The “Eye Can See” programme, which commenced in 2017, has been a beacon of hope in the eastern asset of the NNPC Upstream Investments, positively impacting over 20,000 people to date.

In his remarks during the event, Chief Upstream Investment Officer of NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, represented by Dr. Obinna Otuu, Manager, JV Asset B emphasized the significance of the initiative to NNPC Ltd’s corporate mission of enriching the lives of Nigerians.

Elaborating further on the…

Read More
Business Culture Economy Society

Data Privacy Workshop for the Nigeria Data Protection Commission (NDPC) Held in Ottawa, Canada

post-image

 

The Nigeria Data Protection Commission (NDPC) recently participated in a Data Privacy Workshop organized by Aajimatics Technologies in Ottawa, Canada. The training centered around the Canadian Privacy Law Primer, equipping attendees with valuable knowledge on privacy regulations.

Facilitated by Shaun Brown, a lawyer specializing in regulatory matters, the workshop covered essential aspects of privacy legislation across public, private, and health sectors. Brown provided in-depth insights into both federal and provincial privacy laws, emphasizing their significance in ensuring data protection and privacy rights.

Among the attendees were Dr. Vincent Olatunji, National Commissioner and CEO of NDPC; Mr. Solomon Odole, Project Coordinator of ID4D; and staff members from NDPC, the National Identity Management Commission (NIMC), and Nigeria’s ID4D initiative.

The workshop served as a platform for knowledge sharing and collaboration, enhancing participants’ understanding of data protection practices and privacy legislation in Canada, which can be applied to strengthen Nigeria’s own data protection framework.

Read More
Business Culture Economy

Women Affairs Ministry to Partner with WEMA Bank on Empowerment Initiatives for 500,000 Females

post-image

 

The Federal Ministry of Women Affairs is set to partner with WEMA Bank Plc on various empowerment initiatives aimed at improving the lives of 500,000 women across Nigeria’s six geo-political zones. These initiatives, to be executed through the Ministry’s women cluster arrangement, will focus on skill acquisition, agriculture, the provision of grants and loans, and the allocation of part of WEMA Bank’s Corporate Social Responsibility (CSR) to women-centric programs.

Barrister (Mrs.) Uju Kennedy-Ohanenye, Honourable Minister of Women Affairs, revealed this during a meeting with officials from WEMA Bank and its partners on Monday at her office. The meeting centered on planning the partnership, which aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, targeting poverty reduction, unemployment, and nationwide improvement in living standards.

The Minister emphasized that empowering women economically is essential in addressing societal issues such as poverty, early marriages, and domestic violence. With women and children comprising 70% of…

Read More