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The Economic and Financial Crimes Commission (EFCC) connected Monday arraigned a businessman, Oguibe Nwachukwu, and his company, Wifamapp Royalty Global Limited, earlier the Lagos State Special Offences Court successful Ikeja implicit an alleged N511,378,221.
The EFCC docked Nwachukwu and the institution earlier Justice Rahman Oshodi connected a 13-count complaint of wealth laundering, retention of proceeds from transgression conduct, and theft.
The anti-graft agency’s lawyer, Ahmed Usman, told the justice that the defendants dishonestly converted $36,000, which was the spot of Travelstar Web Logistics Limited and entrusted to his attraction arsenic its accountant, to their ain use.
Usman besides claimed that the defendants, betwixt August 2017 and September 2017, disguised and concealed the existent root of an aggregate sum of N7,280,500 from the Travelstar Web Logistics Limited relationship to the Wifamapp Royalty Global Limited’s STANBIC IBTC relationship fig 0022152478 and past to his idiosyncratic Guarantee Trust Bank account, which helium utilized for online business, peculiarly cryptocurrency investment.
The lawyer besides informed the tribunal that the archetypal suspect had a papers containing mendacious pretences, namely a missive purportedly from the instrumentality bureau of Steven H. Sado, P.C., the pb defence lawyer for U.S. President Donald Trump, which you knew to beryllium false.
He maintained that the offences violated Section 280(1)(b), Section 287 and 332(1) of the Criminal Laws of Lagos State 2015, which are punishable nether Section 332 of the Criminal Laws of Lagos State 2015.
The defendants pleaded not blameworthy to each charges erstwhile work to them.
Based connected their pleas, defence counsel Usman urged the tribunal to acceptable a proceedings day and requested that the tribunal remand the defendants into EFCC custody owed to their sick health.
However, the prosecution counsel, Uzozie, told the justice that his lawsuit would similar to beryllium detained.
Justice Oshodi, successful a abbreviated ruling, ordered that the defendants beryllium remanded successful a maximum-security correctional installation and adjourned the lawsuit to October 17, 2025, for the commencement of the trial.
Bosun Tijani, Alake, NITDA boss, to header pre-event virtual forum up of FIN Web Conference & AI Expo 2025 astatine Silicon Valley
The Minister of Communications and Digital Economy, Dr Bosun Tijani; the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi; Lagos State Commissioner for Innovation, Science & Technology, Olatunbosun Alake, and different dignitaries volition pb the discussants arsenic the Foreign Investment Network (FIN) hosts a high-impact Pre-Event Virtual Forum successful the build-up to the FIN Web Conference & AI Expo 2025.
It is instructive to enactment that the FIN Web Conference & AI Expo volition instrumentality spot connected November 16–18, 2025, astatine the Computer History Museum, Silicon Valley, Northern California, United States.
The event’s taxable is “Igniting the Future—AI Innovations Shaping a Sustainable Digital Economy, Connecting to Africa,” and the pre-virtual forum volition instrumentality spot connected Friday, October 10, 2025, betwixt 5pm and 6pm GMT.
The FIN’s Director, International Communications, Mr Ayo Ayeni, disclosed this successful a connection made disposable to journalists connected Monday.
According to Ayeni, the league volition spotlight the intersection of AI, investment, sustainability, and Africa’s integer future, convening planetary tech leaders, investors, innovators, and policymakers for 1 powerfulness hr of penetration and action.
Other speakers astatine the lawsuit see Eric Schmidt (former CEO of Google), Sabeer Bhatia ( co-founder of Hotmail), Mark Minevich (global AI strategist and task advisor), and Mehdi Paryavi (Chairman of IDCA, data-centre standards leader), who was hosted by Dalith Steiger (Co-Founder of SwissCognitive).
The event’s Host and moderator, Dalith Steiger (SwissCognitive), is simply a foremost planetary AI convener and manufacture voice. She is expected to signifier the enforcement dialogues connected AI adoption and impact.
The Chairman of FIN, Dr Olayinka Fayomi, volition present the opening remarks with a taxable titled: “Championing Africa–Silicon Valley concern bridges and integer economy”. In contrast, Mark Minevich, a Global AI Strategist & Venture Advisor, volition present the keynote code with a taxable titled: “Sovereign AI for Inclusive Growth: A Practical 12-Month Roadmap for Africa’s Digital Economy.”
Other keynote speakers are Eric Schmidt, Former CEO of Google, and Mehdi Paryavi, Chairman of IDCA. They volition sermon “Building AI-Ready Data Centres: Standards, Sustainability, and Sovereign Digital Infrastructure.”
Distinguished planetary thought leaders astatine the lawsuit see Sabeer Bhatia, Co-Founder of Hotmail and serial tech capitalist enabling caller integer frontiers; Prabhav Sharma, AI/industry translation person bridg...
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