Connect with us

News

PAZ Oil directors, Esther Shehu, David Kpanaki remanded in prison over illegal sale of vessel, others

Published

on

 

A Chief Magistrate Court in Ilorin has remanded two, Esther Shehu and David Kpanaki for criminal conspiracy, cheating, screening an offender and obstruction.

Chief Magistrate, Ibrahim Muhammed remanded the defendant to enable the Nigeria Police Force carry out their investigation towards getting necessary information on the case.

Muhammed however said that he does not have full jurisdiction over some of the allegation levelled against the defendants.

However, records revealed that the CEO of PAZ Oil, Ibrahim Shehu, is a suspected serial fraudster who had being evading series of arrests and prosecution by law enforcement agencies after inflicting economic loss on unsuspecting members of the public until the final apprehension of his accomplices.

The Prosecutor, Asp. Yusuf Nasir had earlier told the court that on July 18, a petition was received by Tofa Ahmed on behalf of Alhaji Kamoru Yusuf, Kam Steel, Ajase-Ipo Highway, Ilorin.

Advert

Nasir said that sometimes in July, 2021, one Ibrahim Shehu and Jemima Shehu both now at large and David Kpanaki illegally used one fictitious company, Paz Oil, to sell a vessel to the petitioner.

He said that the defendants fraudulently presented and offered for sale, a vessel known as MT ORYX TRADER as MT REMOS to the petitioner.

The Prosecutor said that they dishonestly presented the vessel free and not subject to any administrative detention, but knowing fully well that the product was a subject of court order.

Nasir said that the first defendant used his daughter, Jemima Monosoko, 16, as Executive Director and David Kpanaki, his in-law, as another Director and fraudulently sold the vessel to the petitioner.

“On account of fraudulent presentation, the defendants made the petitioner spent $400,000, in addition to the purchase price of the vessel and absconded.

“The defendants were later tracked by the team of Operatives and traveled to Gwarimpa, in Abuja, for possible arrest.

“In the cause of arresting Shehu Ibrahim, one Esther Shehu of 7th Avenue, Gwarimpa, Abuja obstructed the officers not to make any arrest.

“She dishonestly called her accomplice, who claimed to be the DPO of the jurisdiction and deceitfully spoke to the Operatives to leave the suspect premises, that the suspect will meet them at the Police Station by 12 p.m

“Immediately the Police left, Esther Shehu and David Kpanaki carried the suspect, Shehu Ibrahim out quietly in a tinted Toyota Corolla to unknown destination,” he said.

The Prosecutor said that investigation conducted at Police Headquarters, Ilorin revealed that Esther Shehu and David Kpanaki confessed to the allegation.

He thereby filled an application for the two defendants, Esther Shehu and David Kpanaki to be remanded, in order to enable the Police conduct their investigations properly.

Chief Ibrahim Muhammed thereby adjourned the case to August 31, for further mention.

News

ADC Accuses APC of Avoiding Performance Record, Shifting Focus to Personalities Ahead of 2027

Published

on

 

By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has accused the ruling All Progressives Congress (APC) of attempting to divert public attention from its economic and security record by obsessively focusing on opposition candidate Atiku Abubakar and former President Olusegun Obasanjo’s personal opinions.

In a statement issued Monday, ADC National Publicity Secretary Mallam Bolaji Abdullahi said the APC’s response to recent criticism from Catholic Bishops reveals a party unable to defend its governance record.

“The APC wants the 2027 election to be about personalities because it cannot defend its performance,” Abdullahi said. “They want this election to be about Obasanjo’s personal opinion of Atiku based on a distant past because they cannot defend Bola Ahmed Tinubu’s record based on current performance.”

The statement comes after Catholic Bishops reportedly raised concerns about worsening poverty, insecurity, and the rising cost of living during a recent meeting with President Tinubu. The ADC accused the ruling party of attacking the Bishops rather than addressing their substantive concerns.

Advert

“Whenever respected Nigerians point to the deepening poverty, worsening insecurity, rising cost of living, or the collapse of public confidence under this administration, the APC never answers for its record,” Abdullahi said. “Instead, it looks for someone to attack. Yesterday, it was the Catholic Bishops. Today, it is Alhaji Atiku Abubakar. Tomorrow, it will be someone else.”

The ADC challenged the APC government to answer specific questions about its economic management, including why food prices continue to soar despite proclaimed economic growth, why poverty has deepened, and why the government is spending 69% of revenue on debt servicing—a figure the World Bank has described as dangerously high.

The party also defended Atiku Abubakar’s record as Vice President under Obasanjo, noting that Nigeria experienced stronger economic growth and greater macroeconomic stability during that period.

“While President Obasanjo was in office, with Alhaji Atiku Abubakar serving as Vice President and Chairman of the National Economic Council, Nigeria experienced stronger economic growth, greater macroeconomic stability, stronger investor confidence, and a far more affordable cost of living than Nigerians endure today,” the statement read.

“Whatever political differences may now exist between the two men, that record remains a matter of public history and cannot be erased.”

The APC had not issued an official response to the ADC’s allegations at the time of this report. However, party officials have previously dismissed opposition criticism as politically motivated.

Political analysts note that the exchange reflects an intensifying campaign season, with both parties already positioning themselves for the 2027 presidential election. The ADC, while a smaller opposition party, has sought to align itself with the broader critique of the APC’s economic policies under President Tinubu.

Continue Reading

News

Atiku Fires Back at the Presidency: “767 Factories Shut, 335 Others in Distress Under Tinubu”

Published

on

 

By Yusuf Danjuma Yunusa

Former Vice-President Atiku Abubakar has accused the Tinubu administration of presiding over an increasingly hostile business environment, alleging that 767 factories had shut down while another 335 were operating under severe distress.

Mr Atiku said the closures and difficulties facing manufacturers contradicted the Federal Government’s claims that its economic reforms were restoring growth and improving the business environment.

The former vice-president, who is the presidential candidate of the African Democratic Congress, ADC, stated this in a response to the Presidency’s defence of President Bola Tinubu’s economic record.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Mr Atiku said the government’s claims of economic prosperity existed largely in official statements and had not been reflected in the experiences of businesses and ordinary Nigerians.

He said the administration was celebrating Gross Domestic Product, GDP, growth and other macroeconomic indicators while manufacturers, small businesses and households faced rising operating costs and declining purchasing power.

“The Presidency proudly announced that Nigeria’s GDP has increased significantly since the exchange-rate adjustment. We ask a simple question: Has the purchasing power of the average Nigerian increased?” Mr Atiku said.

“Are manufacturers paying less for energy? Have small businesses become more profitable? The answer, tragically, is no.”

He said the closure of hundreds of factories and the distress faced by many others reflected the pressure created by high energy costs, multiple taxes, expensive logistics, rising electricity tariffs and weak consumer demand.

Advert

Mr Atiku argued that government policies could not be described as successful if they increased public revenue while reducing the productive capacity of the economy.

“Government cannot tax its way into prosperity while simultaneously shrinking the productive capacity of the economy,” he said.

“Manufacturers are battling record energy costs. Small businesses face multiple taxes, rising electricity tariffs, escalating logistics expenses and declining consumer demand.”

The former vice-president said tax reforms should be designed to encourage production, create jobs and expand the tax base rather than place additional pressure on struggling businesses.

“A tax reform that expands government revenue while ordinary citizens become poorer cannot honestly be described as progressive,” he said.

He added that successful tax systems were built on productivity and economic growth, not by extracting more revenue from businesses and households already facing financial pressure.

Mr Atiku also questioned the government’s borrowing policy, saying the debate should not focus solely on Nigeria’s debt-to-GDP ratio but on the economic value generated by borrowed funds.

“No serious economist argues that borrowing is inherently wrong. Nations borrow. The real question is this: what has Nigeria obtained in return for the unprecedented debts accumulated under this administration?” he asked.

He said Nigerians had a right to demand evidence that borrowed funds were being used to improve infrastructure, create jobs, strengthen public services and raise living standards.

Mr Atiku noted that businesses continued to spend heavily on alternative sources of electricity, while high logistics costs and poor infrastructure remained major obstacles to production.

“After record borrowing and record budgets, businesses are still forced to spend enormous sums generating their own electricity,” he said.

“Logistics costs remain among the highest in Africa. Manufacturers continue to struggle under crushing operating costs, while many roads remain in deplorable condition.”

The former vice-president said infrastructure should be assessed by its economic impact rather than the number of projects announced or commissioned by the government.

“Every administration announces projects. Nigerians are interested in completed projects that reduce the cost of doing business, improve mobility, guarantee stable electricity and stimulate economic growth,” he said.

Mr Atiku also challenged the Presidency’s explanation concerning crude-backed financing arrangements, arguing that the government had admitted that future oil earnings had been committed in ways that limited the country’s ability to benefit from favourable crude oil prices.

He said Nigerians deserved full disclosure on the terms of such arrangements, including the volume of crude committed, repayment conditions, funds received and projects financed.

Continue Reading

News

Presidency Sets Seven-Week Deadline for State Police Bill Draft

Published

on

 

By Yusuf Danjuma Yunusa

The presidency has officially set a seven-week timeline for the completion of the draft executive bill on state policing, with the proposed legislation expected to reach President Bola Tinubu for review by September 3, 2026.

Advert

Femi Gbajabiamila, chairman of the presidential working group on the national policing bill, disclosed the schedule on Monday, confirming that the draft will be formally transmitted to the president exactly seven weeks from now.

Gbajabiamila’s announcement underscores the administration’s accelerated push to overhaul Nigeria’s centralized policing structure, a reform initiative that has gained significant traction amid growing calls for decentralized security architecture to address the nation’s complex law enforcement challenges.

Continue Reading

Trending