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Chinese National Forfeits $300,000 to Federal Government of Nigeria

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Chinese National Forfeits $300,000 to Federal Government of Nigeria

Justice Babatunde Quadri of Federal High Court, Abuja, on Monday, May 11, 2020, ordered the final forfeiture of $300,000 belonging to a Chinese national, Li Yan Pin, to the Federal Government of Nigeria.

The judge had earlier ordered the interim forfeiture of the money following an exparte application filed by the Economic and Financial Crimes Commission, EFCC.

Yan Pin stood trial for a money laundering charge leveled against him by the EFCC over the said sum after intelligence led to his arrest at the Nnamdi Azikiwe International Airport, Abuja, for failing to declare the money in his possession, as he attempted to board a flight to China en-route Dubai.

Justice Quadri in his judgment noted that the prosecution has proved its case beyond every reasonable doubt and found the defendant guilty of the charges, according to Section 2, sub-section (5) of the Money Laundering Prohibition Act, 2011, as amended in 2012.

The defense counsel in its response pleaded with the court to temper justice with mercy, as the convict, he said had invested his resources to the development of Nigeria, and currently facing difficult health challenges.

He also noted that his client has no prior criminal conviction.

While ordering that the said sum be forfeited to the Federal Government, Justice Quadri, saved the convict a jail term on the ground that he had earlier filed for a medical leave over alleged COVID 19 symptoms that included persistent headache, insomnia, and fatigue.

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Economy

Kim Kardashian wants to give 1000 people $500 each

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Kim Kardashian wants to give 1000 people $500 each

Reality television star, Kim Kardashian has announced that she wants to send $500 each to a thousand people in recognition of a tough year caused by the covid-19 pandemic.

Kim, who was bashed last month for posting receipts of $1m she spent on holiday, said the monetary relief she’ll be sending will be disbursed on a first come, first served basis.

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She wrote on Twitter;

“Hey guys! 2020 has been hard and many are worried about paying rent or putting food on their table,” the reality star tweeted to her 68 million followers on Monday afternoon. “I want to spread the love by sending $500 to 1000 people.”

She followed with instructions on how to get their tweet noticed and the money paid.

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Economy

Arik Airline sacks 300 workers

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Arik Airline sacks 300 workers

Arik Airline sacks 300 workers

Arik Airline sacks 300 workers

The management of the airline disclosed this in a statement released today Friday, December 4. The management hinged its decision to sack the workers on the economic impact of the COVID-19 pandemic on its operations.

The press statement titled, “Arik Air management declares 300 staff redundant”, reads in part

“Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In Receivership) has declared 300 staff members redundant to its current level of operations.

“The leadership of the impacted unions has been contacted to negotiate a redundancy package for the affected staff.”

Gistflash gathered that Passengers are already stranded the airport with the flight fully booked and no one to attend to them

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Gov. Sule Orders DPMs, DFS To Proceed on Compulsory 3-Month Suspension over Alleged Fraud of 600m

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Gov. Sule Orders DPMs, DFS to Proceed on Compulsory 3-Month Suspension over Alleged Fraud of 600m

Governor Abdullahi Sule of Nasarawa State on Sunday directed the Local Government Service Com­mission (LGSC) to send all the Directors of Personal Management (DPMs) and Directors of Finance and Supplies (DFS) in the 13 local governments and 18 development areas to go on compulsory suspension for three months.

Sule said the suspension was to monitor the pay­ment of salaries of local government workers by the state auditor general, which was lingering for three months.

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The directive was contained in a statement signed by Public Relations Officer in the Ministry for Local Government and Chieftaincy Affairs, Ibrahim Adamu Shigafar­ta, and made available to newsmen in Lafia, the state capital.

Gistflash gathered that the council officials were suspended because they refused to work with directive of the a committee set up by government to investigate the discrepancies and high wage bills incurred by local governments.

 

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