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March 19, 2024 Court Denies Nnamdi Kanu Bail

Court Denies Nnamdi Kanu Bail

The bail application filed by Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), was rejected by the Federal High Court in Abuja on Tuesday. However, Justice Binta Nyako, the trial judge, granted an accelerated hearing for the case.

Alloy Ejimakor, counsel for Kanu, had previously requested bail for his client, citing Kanu's deteriorating health condition and arguing that his continued detention by the Department of State Services (DSS) posed a threat to his life. Ejimakor also contended that Kanu's prolonged incarceration would hinder his ability to mount a robust defense.

On the contrary, Adegboyega Awomolo (SAN), representing the Federal Government, urged the court to deny the bail application and proceed with an accelerated hearing. Awomolo pointed out that the DSS could provide adequate medical care for Kanu and emphasized Kanu's previous breach of bail conditions. Kanu had been granted bail on health grounds in April 2017 after spending 18 months in detention, but he fled the country following a military raid on his residence in September 2017.

In essence, while Kanu's bail application was rejected, the court decided to prioritize an expedited trial process, considering the arguments presented by both sides.

March 18, 2024 Court Orders Binance To Release Data Of Nigerian Users To EFCC

Court Orders Binance To Release Data Of Nigerian Users To EFCC

A Federal High Court in Abuja has issued an order directing Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with comprehensive information regarding Nigerian users trading on its platform.

The court's decision stemmed from an ex-parte motion filed by the EFCC, seeking data on Nigerians engaged in trading activities on Binance. The suit, marked FHC/ABJ/CS/259/2024 and dated February 29, was filed in accordance with relevant sections of the Economic and Financial Crimes Establishment Act, 2004, and the Money Laundering (Prevention and Prohibition) Act, 2022 (as amended).

In an affidavit supporting the motion, deposed by EFCC operative Hamma Bello, it was revealed that the commission's Special Investigation Team received intelligence suggesting illicit activities, including money laundering and terrorism financing, being conducted on the Binance cryptocurrency exchange platform. The investigation uncovered users manipulating prices and causing market distortions, leading to the devaluation of the Naira against other currencies.

Despite requests to address these concerns, Binance allegedly failed to take adequate action. The affidavit further disclosed that trading volume from Nigeria on the platform in 2023 alone amounted to $21.6 billion.

Justice Emeka Nwite, in a ruling delivered on February 29, granted the interim order, compelling Binance to provide the EFCC with comprehensive data on Nigerian traders using its platform.

Binance is an online exchange facilitating cryptocurrency trading. Concerns about its operations arose following disclosures made by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, who revealed that over $26 billion had been transacted through Binance without proper oversight in the past year.

Furthermore, the Financial Times reported on February 28 that two executives of Binance were arrested upon their arrival in Nigeria due to a ban on their website. Subsequently, on March 12, 2024, the EFCC requested data on the top 100 users in Nigeria and transaction histories for the past six months from Binance, sparking negotiations between the company and Nigerian authorities.

February 23, 2024 Court Orders NPC To Disclose Details Of Expenses On Aborted Census

Court Orders NPC To Disclose Details Of Expenses On Aborted Census

A Federal High Court in Abuja has ordered the National Population Commission (NPC) to disclose expenditure details related to the suspended 2023 population census within seven days.

Recall that the exercise, initially scheduled to take place in 2022, was postponed to 2023 before being again shifted to November 2024.

The NPC had also disclosed that a total of N200 billion was expended on preparation for the census, but after refusing to provide the details of expenditure through a Freedom of Information Act filed, an Abuja-based lawyer, Opatola Victor, dragged the commission to court.

He also requested compensation of N500,000 for the breach of his rights by NPC.

In his judgment, Justice Inyang Ekwo held that the NPC’s refusal to release records of spending on the aborted census was wrongful, illegal, and unconstitutional.

He dismissed the defendant’s claim that bureaucracy and the absence of the executive chairman were to blame for withholding the requested records.

The court, however, declined to award the requested N500,000 in favour of the plaintiff as stated in the lawsuit.

February 14, 2024 Court Orders Nigerian Govt To Fix Prices Of Petrol, Other Items

Court Orders Nigerian Govt To Fix Prices Of Petrol, Other Items

Popular human rights lawyer Femi Falana has questioned what the three tiers of government in Nigeria are doing with the money saved from the removal of petrol subsidies.

Falana said Nigerians are entitled to benefits from the removal of petrol subsidies, as the government has reported increases in monthly revenue that accrue to the Federation Account.

The Senior Advocate of Nigeria called for the Office of the Accountant General of the Federation to publish allocation details to the federal, state, and local governments.

Femi Falana also asked the federal government to ignore the advice of the International Monetary Fund to remove all subsidies, despite the economic hardship that citizens are facing.

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