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N1tn Recovered Assets: We’re Not Afraid Of Senate Probe – EFCC

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EFCC-Chairman-Ibrahim-Lamorde1The Economic and Financial Crimes Commission, EFCC, has said it is not afraid of probe by the Senate Committee on Ethics, Privileges and Public Petitions.

The Senate Committee, which is acting on a petition brought against the EFCC Chairman, Ibrahim Lamorde, by the Chief Executive Officer of Panic Alert Security Systems, Dr. George Uboh, through Senator Peter Nwaoboshi (PDP, Delta North), is scheduled to begin public hearing tomorrow, Wednesday.

In the petition, Lamorde was accused of diverting N1tn said to have been recovered from a former Governor of Bayelsa State, Diepreye Alamieyeseigha; and a former Inspector-General of Police, Tafa Balogun, when he was the Director of Operations of the EFCC between 2003 and 2007, as well as an acting Chairman of the anti-graft agency between June 2007 and May 2008.

But the commission, in a statement by its Head, Media and Publicity, Mr. Wilson Uwujaren, said the petition was mischievous and intended to smear Lamorde.

It described the petition against the EFCC boss as “infantile” and “fabricated”.

The statement read in part: “The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a report captioned, Alleged N1tn diversion: Senate to probe Lamorde’s alleged diversion of N1tn, which appeared in a newspaper of Monday August 24, 2015 containing salacious claims of corruption against the person of the chairman of the Commission, Ibrahim Lamorde.

“The EFCC should ordinarily not dignify the publication with a response as the motives of the promoters and their media allies are to impugn the integrity of the EFCC boss with fabricated stories of corruption.

“However the Commission is constrained to respond, to expose the motive behind the sinister plot.

“In the first instance, claims of a N1trillion corruption in the EFCC is infantile and assaults the sensibilities of all reasonable stakeholders in the anti- corruption fight.

“Even if the EFCC had not returned a kobo of recovered assets in its 12 years existence in addition to the yearly appropriated funds from the federation account, it will be nowhere near a trillion naira.

“This clearly exposes the mission of the so called petitioner as nothing more than mischief, designed to smear Lamorde.

“More sinister is the discovery that the so-called petition did not follow the procedure for consideration by the Senate. It was sent, not to the Senate but to a member, Senate Peter Nwaoboshi, a first term senator from Delta North.

“Under the Senate rules, petitions meant for consideration by the red chamber are sent to the Senate, not to a member of the Senate.

“Also, petitions meant for the Senate are tabled at the plenary, before they are referred to the relevant committees for further consideration. In this instance, the Senate has been on recess and there is no evidence that the so called petition was considered at plenary and referred to any committee.

“The EFCC as an agency that is founded on transparency is not afraid of any ‘probe’ or request for information regarding its activities by individuals, groups or organs of government; so far as such requests followed due process of law.

“The EFCC under Lamorde did not need the prompting of anyone, when it commissioned a reputable international audit firm, KPMG, to carry out comprehensive audit of exhibits and forfeited assets of the Commission from 2003 to date.

“The report of the audit will be made public once it is ready. Were the Commission to be jittery about its records, it would not have embarked on such audit.

“The EFCC however warns that those who peddle false information with the intent to mislead should be reminded that there is a subsisting law on false information and the consequence for violation is grave”.

Tech News

First celebrity Limited Edition Smartphone in Sub Sahara Africa: Davido Special Edition of Infinix NOTE 8

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Over the last few weeks, Infinix has floated its candy before the eyes of tech enthusiast intensifying their craving for the soon to be released device. Through several social media posts, Infinix has hinted on the imminent release of the NOTE 8 and we all can’t wait for the device to hit the shelves.

Although the proposed date for the launch in its initial teaser videos and banners have passed without
any launch, we have reasons to believe that the launch will take place sometimes this month.

However, here’s a more interesting news. Infinix is set to be the first smart phone company in sub Sahara Africa to launch a limited edition device with a celebrity. A special edition of the NOTE 8 will be released alongside the primal version of the NOTE 8 and the NOTE 8i. The special edition is  signed by Infinix’s brand ambassador David Adeleke, popularly known as Davido.

The available stock for the special Davido-signed edition is limited. However, interested shoppers can
get one for themselves at exclusive SLOT outlets nationwide and on their website Here. Exciting free
gifts are also available if you’re among the lucky few to buy this device while stocks last.

The Infinix NOTE 8 is targeted at the mid-to-high-end market segment and it comes with several
interesting features. The device on-boards a super-fast processor – the MediaTek Helio G80
processor, which supports ultra-fast gaming speed, stable graphics in-game, easy multi-tasking as
well as an all-round optimal performance.

The device also sports six cameras in total. It comes with a dual selfie camera which is cut out from its
super-wide 6.95inches screen. On the back, the NOTE 8 crams a 64MP super night shot camera for
amazing night shot photographs and other photography needs.

Many of Infinix loyalists and smartphone enthusiasts are already clearing their carts and lining up in
preparation for the launch of the Infinix NOTE 8. Now that there’s a special Davido edition in sight, the
queue might just be doubling up.

To stay ahead of interested shoppers and ensure that you’re one of the first to get your hands on this
special edition of the NOTE 8, follow Infinix on Facebook, Twitter, and Instagram at @Infinixnigeria.

You can also join their community of young and vibrant fans on XClub via the app on your Infinix
device or click on this link to download the app if you’re a non Infinix user.

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Sports

The potential for iGaming in Nigeria uncovered

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There is a growing positivity surrounding the Nigerian iGaming industry. As the nation breathes a collective sigh of relief following the announcement of the African Continental Free Trade Agreement (AfCFTA), it’s hoped that many burgeoning industries such as the world of iGaming can be allowed to flourish and bring much-needed tax revenues to the country.

Many analysts within the iGaming industry believe Nigeria has the potential to become Africa’s iGaming hub. Its domestic market is already forecast to be worth $2 billion, due largely to sports betting and the fascination with Nigerian soccer stars overseas like Odion Ighalo at Manchester United. Meanwhile, the domestic penetration of smartphones is also recognised, with some 83% of the population now owning a mobile device.

Nigeria was also a major focal point during this year’s SBC Digital Summit Africa, which was understandably conducted virtually earlier this month. Ahead of the summit, experts enrolled in the event were asked to vote on which African country offered the best foundations for iGaming operators to thrive. Nigeria outperformed every other nation, with 31% of all votes labelling Nigeria as the country with the highest potential to make a real
success of its domestic iGaming sector.

Even South Africa, which has a well-established domestic iGaming market, ranked second with just 28% of the vote. Prospective Nigerian iGaming operators should certainly take a leaf out of the book of South African iGaming brands, many of which have cultivated a strong customer base through the use of incentives and sign-up bonuses. The vast majority of offers available at platforms like Casinos.co.za, direct gamers to the safest and most reputable
platforms.

One of the main reasons that industry experts believe in Nigeria’s iGaming potential is that it already boasts an engaged target demographic. Many of its young adults are already betting on sports like soccer and boxing, and there is a feeling that introducing them to casino gaming verticals would not be too difficult a stretch. Marry that with a growing number of smartphone users, which is predicted to reach over 140 million people by 2025, and you can
see the potential for iGaming apps and web applications to provide immersive, secure gaming
on the go.

Presently, the country has three separate bodies responsible for licensing online betting activities – the Nigerian Investment Promotion Commission (NIPC), the Special Control Unit against Money Laundering (SCUML) and the National Office for Technology Acquisition and Promotion (NOTAP). At the time of writing, online betting at a domestic Nigerian site is strictly prohibited by law. Loopholes regarding offshore operators make it possible for
Nigerians to play elsewhere, but it seems somewhat short-sighted for the Nigerian government to steer clear of creating its own regulated, revenue-making iGaming industry.

In a nation of substantial population, supporters of developing a domestic iGaming industry in Nigeria believe that the most would be a positive step, creating new career opportunities for everyday people. This could be in customer support, game development or any other facet of an iGaming operator. All the while, generating tax revenues for the Nigerian government and helping to breathe new life into the domestic economy.

There is a general feeling that Nigeria’s gaming industries tend to follow the same path as South Africa’s. The SBC Digital Summit Africa revealed that there has been a “seismic shift” from sports betting markets to casino games in the last eight months, including live dealer tables, that’s according to Sean Coleman, CEO of the South Africa Bookmakers Association.

Live dealer games seemingly “appeal to millennials” across South Africa. Dean Finder, CEO of Evolution Services SA believes the fact that live dealer games are “not gender biased” is an opportunity to reach out to female players, which are an often “unserved market” across Africa.

For these trends to follow suit in Nigeria, operators will need to build further trust in their
games and regulatory measures to curry favour with the country’s legislature.

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Metro News

Femi Otedola Reacts To Lekki Tollgate Shooting

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Femi Otedola Finally Reacts To Lekki Tollgate Shooting
Femi Otedola

Femi Otedola

Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.

Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.

Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.

Sharing a photo of the Nigerian flag, he wrote;

“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”

Read Also: Femi Otedola Spotted Dancing With His Children (Video)

See his post below:

Otedola’s post

Otedola’s post

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