Sport_betting

Senate Threatens To Shutdown Bet9ja ‘For Non-Remittance Of Dues’ To Nigerian Government


The Senate Committee on Youth and Sports on Tuesday threatened to order the shutdown of Bet9ja office if the company failed to honour its invitation for a second time.

Speaking on the floor of the house during the verification of loto companies with license to operate in Nigeria, Sen. Obinna Ogba (PDP, Ebonyi), Chairman of the Committee, said it was unfortunate that Bet9ja refused to honour the committee’s invitation.

He instructed the clerk of the house to  write the popular betting site again, threatening that failure to honour the House’s invitation for the third time will earn the betting site permanent closure.

“Clerk, write to Bet9ja again. If they did not honour our invitation, we will ask the National Lottery Commission to seal their offices,” he said.

According to him, the Senate is making efforts aimed at assisting the Lottery Commission to generate money for the Federal Government.

”We want to see bet9ja. They can’t run away,” he said.

The chairman explained that the verification followed series of complaints against the betting companies, adding that ”some don’t even have offices while others have not been making remittances to the government.”

”Some got the licences but they are not operating. The new regulation only give them one year to start operations,” he noted.

Meanwhile, about 20 other betting companies appeared before the committee for the verification exercise.

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CAUGHT ON TAPE: Full Transcript Detailing Frantic Attempts By CBN Gov. Emefiele, Top CBN Officials To Cover-Up Stolen N500bn Pt2


Following an authentic phone conversation as confirmed by the Central Bank of Nigeria between the governor of the bank, Godwin Emefiele, deputy governor, Edward Lamtek Adamu and Dayo Arowosegbe, special adviser to Emefiele, SaharaReporters presents the full transcript of the second part conversation which details a frantic effort by all involved to cover up missing N500bn which was invested in a private business that flopped.

-Phone Rings-

CBN DEPUTY GOV. EDWARD ADAMU: Hello sir.

CBN GOV. EMEFIELE: Edward can you please step aside? 

CBN DEPUTY GOV. EDWARD ADAMU: Okay sir…  – Not clear –

CBN GOV. EMEFIELE: I am not too happy that Arowosegbe led us like this.

CBN DEPUTY GOV. EDWARD: In fact, that was what I was asking, I said we have an  impression that we had 500 billion, he said no. I said but that was the  impression until the end of the year.

CBN GOV. EMEFIELE: Ahhh! What are we going to do?

CBN DEPUTY GOV. EDWARD: You know… that’s what I told him.

CBN GOV. EMEFIELE: along we all thought he had that but it was very  shocking to hear that apparently, it was not 500 …you know.

CBN DEPUTY GOV. EDWARD: That’s the major issue.

CBN GOV. EMEFIELE: Ahh! …Ye! I don die now where I go see money.

CBN DEPUTY GOV. EDWARD: What I told them is, let’s look at our income if there is anything  we can do around that area, you know, that might be an option.  

CBN DEPUTY GOV. EDWARD: Because, now, we are in a very  bad situation. He really didn’t give us full information.

CBN GOV. EMEFIELE: I was like, God, he did a good job,  he didn’t pass time he left. How do I handle this?

CBN GOV. EMEFIELE: We have to rack our brain and get something  out because we can’t afford it at all, not at this time.

CBN GOV. EMEFIELE: Opposition will say it should have depreciated  in the project.

CBN GOV. EMEFIELE: Opposition will say it should have depreciated  in the project.

CBN GOV. EMEFIELE: …and then foreign investor would not begin to  panic and take their money out because they would say it would depreciate. 

CBN GOV. EMEFIELE: Ahhh! ooo!

EDWARD: Exactly, yes. There would be panic in the market and  we can’t take this at this stage, at all. We have to get a way out.  We are just discussing now in what are the possibilities,  what you can do. We will get back to you. 

CBN GOV. EMEFIELE: Hmmn!

CBN GOV. EMEFIELE: I’m just getting hopeless about it because I‘m  still thinking which way I should go.

CBN DEPUTY GOV. EDWARD: Yes, that is really the task now. 

CBN GOV. EMEFIELE: If there is a place you can find money. Ahhh! 

CBN DEPUTY GOV. EDWARD: We’ll have to think of a way out because we cannot afford it  at all. The implications are just too many to even think about  and damaging. We cannot allow this like this, we cannot. 

CBN GOV. EMEFIELE: To avoid any serious problem is just, the government to have to  agree to give us at least 100 billion cash but government  will not agree. They will kick against it. 

CBN DEPUTY GOV. EDWARD: Yes, they will kick against it. Really. That would have been a good one but the challenge is how to  get back to them but it will be very difficult, almost impossible. 

– Breathes heavily –

CBN GOVERNOR: The implication for the economy is… no no,no.  I’m just thinking if there is surplus of one naira, just give us  then we’ll begin to refund you in 2019. I can’t even find the  partners now because I cannot talk to the real partners like Ayo.
Ayo is not picking my call and I’m not used to the CI partener.  I don’t’ know him, it’s only Dayo that I know and Dayo has retired.  Hmnn… Oh God!

EDWARD: You’ll have to think of something. We really miss. It is a sad one. We’ll have to come out of it somehow.  If only we can say there is money here but I can’t find. I kept on  disturbing this guy in December and January but  he kept telling me no problem. God, this guy just…

 CBN GOVERNOR: It’s a mess; it’s really a mess.
 

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Court Orders Forfeiture Of Gold Bars, N39m, ‘From Gold Dealer, Civil Servant’ To Nigerian Government

 

 

 

 

 


The sum of N36 million and 35.58 kilogrammes of gold bars confiscated by the Economic and Financial Crimes Commission, (EFCC) have been forfeited to the Nigerian Government.

The order of forfeiture was given by a Federal High Court in Lagos on Tuesday.

Justice Muslim S. Hassan, who made the order, also ordered the federal civil servant to pay N10million to the government for his part in the deal.

The first to third defendants are: Bukar Mandara Zarami; his company, Bukar Mandara Zarami Ltd and a Director in the Ministry of Mines and Steel, Kar Nap Fenan Wuyep.

The trio was re-arraigned on an amended two-count charge of possession of 35.58 kilogrammes of gold bars wrapped in six bags without appropriate permit.

The counts read in part: “That you, Bukar Mandara Zarami, on or about the 9th day of November, 2018 in Nigeria…dealt in 35.58 kilogrammes of gold bars wrapped in six bags without appropriate permit; and you, therefore, committed an offence contrary to and punishable under Section 134(c) of the Nigerian Mineral and Mining Act, 2007.”

“That you, Kar Nap Fenan Wuyep, on or about the 22nd day of May, 2018 in Nigeria, without going through any financial institution, accepted cash payment of the sum of $19,440 from one Bakkkuk Steven Goyol, which sum exceeded the amount authorised by the Law; and, you thereby committed an offence contrary to Section 1)(a), Section 16(1) (d) of the Money Laundering Prohibition Act 2011 as Amended and punishable under Section 16(2)(b) of the same Act.”

The defendants pleaded “guilty”.

In view of their plea, prosecution counsel, Rotimi Oyedepo obtained leave of court to review the facts of the case.

Oyedepo recounted how first defendant, Zarami was apprehended at the Murtala Mohammed International Airport, Ikeja, Lagos on November 11, 2018 with 35.58 kilogrammes of gold bars wrapped in six bags. 

Oyedepo said: “He (Zarami) was brought to the Lagos Zonal office of the Economic and Financial Crimes Commission, EFCC, where the gold bars were measured and counted in the presence of the first defendant, his counsel, a representative of the Ministry of Mines and Steel. All parties present signed the measurements document.”

He told the court that investigations revealed that the first and second defendants did not have the appropriate permit to possess or deal in 35.58kg of gold.

Oyedepo said although the first defendant, in his statement to the EFCC, stated that he gave an official of the Ministry, Steven Bakkuk, about N3, 000,000 (Three Million Naira) as royalty, investigation showed that the actual amount he was supposed to pay as royalty was N6,772,64,16.

According to Oyedepo: “This shows clearly that there was no appropriate permit for that quantity of gold bars.

“Investigation further revealed that instead of the official from the Ministry, who received the money from the first defendant, to put the funds in the treasury, he transferred the sum of N700,000 to the third defendant, who is a Director in the Ministry of Mines and Steel.

“This led to further investigation into the account of Bakkuk, whose account was used for transfers of unlawful enrichment.

“It was discovered that about N28m in tranches was sent to the third defendant.

“On May 22, 2018, the sum of $19,440 in cash was given to the third defendant, which is in excess of the amount authorized by Law to be received in cash and it constitutes an offence against the Money Laundering Act 2011.”

The prosecution informed the court further that the defendants had entered a plea bargain with the government.

He said: “The first defendant has issued a cheque of N3,000,000 in favour of the Federal Government as one of the terms agreed upon in the plea bargain.

“The first defendant, as part of the plea bargain, also agreed to forfeit the undeclared 5.5 kilogrammes of Gold Bars to the Federal Government.

“It was also agreed that the EFCC, in conjunction with the Deputy Chief Registrar of this Honourable Court, would facilitate the sale of the forfeited Gold Bars and the proceeds will be remitted into the Consolidated Revenue Funds Account of the Federal Government of Nigeria.

“Third defendant, in the plea bargain, agreed to pay a fine of N10million and forfeit the recovered Access Bank drafts to the tune of N36million.”

In view of their guilty plea, Oyedepo prayed the court to convict the defendants on the amended charge and prayed the court to sentence them to the terms agreed in the plea  bargain.

Justice Hassan, upheld the terms of the plea bargain and convicted the defendants.

The judge held: “The plea bargain is made the judgment of the court.”

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