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Nigerian man sues wife and son over N177,000 fraud.

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Chinyere Obilonu, a 63-year-old woman and her son, Emmanuel Obilonu, 23, on Tuesday appeared in a Mararaba Upper Area Court, Nasarawa State, for allegedly defrauding her husband of N177,000.

The mother and child who reside at Sharp Corner, Mararaba, are standing trial on a two-count of conspiracy and theft.  The prosecutor, Cpl. Hamen Donald, told the court that one Godwin Obilonu, a husband and a father to the defendants reported the matter at the divisional police station, Mararaba on November 15.

He said the defendants had conspired with one Mr Adache Godwin and used the complainant’s mobile phone to transfer N177, 000 to their various accounts without the complainant’s consent.

He added that N100, 000 was transferred to a UBA account; N50, 000, to an Access Bank account; and N27, 000, to a Fidelity Bank account.  The prosecutor said that in the course of investigations the account numbers were traced to the defendants.  He said that the offences contravened Sections 97 and 288 of the Penal Code.  The defendants, however, pleaded not guilty to the charges.

The Judge, Ibrahim Shekarau, granted bail to the accused in the sum of N50, 000 each with a surety in like sum.  Shekarau said the sureties must reside within the court’s jurisdiction and must deposit two of their recent passport photographs each.  He adjourned the case till Jan. 29 for hearing.

Business

Aliexpress Unite Deals With Kenyans.

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Kenya’s mobile operating firm Safaricom, has secured a deal with China’s largest e-commerce company.



The deal will enable Kenyan shoppers to buy goods on the Aliexpress.com site, run by Chinese e-commerce giant Alibaba Group, using Kenya’s M-Pesa mobile payment service for online shopping.

“This obviously then opens up a lot more opportunity because today customers on this platforms are limited by, you must have a credit card to be able to pay.

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M-Pesa was launched in 2007 to offer Kenyans without bank accounts a network to transfer cash via mobile phones. It now offers a range of payment services, loans and savings to more than 21 million people in the country.

Now we will actually be able to, you will now be actually able to pay for the product or service that you are buying using M-Pesa, and you pay for it in Kenya shillings currency,” said Sylvia Mulinge, Safaricom’s Chief Customer Officer.

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Business

Nigeria lost $16bn to production sharing contracts —NEITI.

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The Nigeria Extractive Industries Transparency Initiative said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts with oil companies.

This was one of the highlights of the latest report by NEITI released in Abuja Sunday. It was tagged “The Steep Cost of Inaction”

It said that the losses were recorded between 2008 and 2017.



The study done in conjunction with Open Oil, a Berlin-based extractive sector transparency group, found that the losses could be up to $28 billion if, after the review, the federation were allowed to share profit from two additional licenses.

NEITI, therefore, called for an urgent review of the PSCs to stem the huge revenue losses to the federation.

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It added that the review was particularly important for Nigeria because oil production from PSCs had surpassed production from Joint Ventures with PSCs now contributing the largest share to federation revenue.

“Between 1998 and 2005, total production by PSC companies was below 100 million barrels per year while JV companies produced over 650 million barrels per year.

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“By 2017, total production by PSC companies was 305.800 million barrels, which was 44.32 per cent of total production.

“Total production by JV companies was 212.850 million barrels, representing 30.84 per cent of total production.” It said.

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