Economy
Chinese National Forfeits $300,000 to Federal Government of Nigeria
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.
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.
Recall that Nigerian airspace was shut in March this year and opened in July as part of measures to contain the spread of the Coronavirus in Nigeria.
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
Stranded at Abuja Airport . I just learned #Arik staff embarked on strike without any prior notice to passengers No one has come to address us yet. Other flights are fully booked. @ArikAir. Sigh! pic.twitter.com/LXHQPySTsw
— DRISBLOGINT (@Drisblogint) December 4, 2020
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