EFCC stands down money laundering suit against Lagos Speaker

The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court  against Lagos Speaker Mudashiru Ajayi Obasa.

The agency did not give any particular reason for its application for withdrawal. It did, however, reference the Constitution and the EFCC Act.

Following the agency’s withdrawal of the suit, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.

The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.

The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.

The court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.

The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.

But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.

During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).

The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”

(Nation)

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Lagos Blue Line Rail commences operations next Monday – Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State has announced that the long-awaited Blue Line Rail will start commercial operations next month, September 4.

The announcement was contained in a post on his social media platform X, on Wednesday.

According to the Governor, it will commence with partial passenger operations from 6:30-10 am and afternoon peak from 4-9:30 pm.

Sanwo-Olu informed Lagos residents that the rail operations would start with 12 trips for two weeks, ramping up to 76 trips/day, saying they would be able to board the train using their Lagos Cowry Card.

He added, “the Blue Line Rail is one of the rail projects designed to make Lagos a fully interconnected city and it will transform our city’s transport system”.

“I am delighted to announce that the long-awaited Blue Line Rail will begin commercial operations on Monday September 4, 2023, from Marina to Mile 2 as we put #LagosOnTrack.

“Join me at 9am at Marina Station as we become the first passengers of this important project that will make daily commute easier for a lot of our residents.

“From Tuesday, partial passenger operations will begin from 6:30-10am and afternoon peak from 4-9:30pm.

“We’re starting with 12 trips for 2 weeks, ramping up to 76 trips/day and you would be able to board the train using your Lagos Cowry Card,” part of his statement read.

(Daily Post)

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Lagos speaker breaks silence on ‘fight’ with Sanwo-Olu, rejection of Commissioner-nominees

The Speaker of the Lagos House of Assembly, Mudashiru Obasa has insisted that lawmakers are not “fighting” Governor Babajide Sanwo-Olu.

His comments came about a week after the Lagos State House of Assembly rejected 17 of the 39 commissioner-nominees sent by Sanwo-Olu for screening.

Obasa, who presided over the plenary session on Monday, said no matter the threat by some persons, the Assembly will not reveal what it discovered during the screening of the rejected commissioner-nominees.

The Speaker also insisted he is trying to protect his party, the All Progressives Congress (APC).

“So, I am trying to protect my party and I would continue to do that but we are not going to sacrifice service to our people in the name of technocrats, no.

“If anybody is interested to know why we have taken such decision, he should approach the House.

“The House, as a body, restrains itself from exposing what was discovered during the screening exercise and we would not be forced to spill it,” Obasa said.

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