Bayelsa News Tv

The Economic and Financial Crimes Commission (EFCC) has said that it will prefer plea bargain instead of an out-of-court settlement with a former Chief of Air Staff, Air Marshal Mohammed Umar. The commission is also expecting that the plea bargain will come with at least a light sentence by the court to serve as deterrent. But to make any headway, the EFCC wants Umar to refund all the funds allegedly traced to him, including the forfeiture of choice assets to the Federal Republic of Nigeria. The anti-graft agency was however awaiting Umar’s offers as at the time of filing this report. Pending the offers from the ex-Chief of Staff, the EFCC has opted to go ahead with the trial until it gets to a convenient bend for the two parties to sign an agreement. The  ex-Chief of Air Staff, Air Marshal Mohammed Dikko Umar, who  is on trial  for alleged N7.8billion fraud, sought  for an out-of-court settlement on Tuesday. The EFCC was, however, weighing options as at the time of ...

The House of Representatives yesterday rejected an agreement reached between the Federal Government and MTN that the telecoms giant should pay a reduced fine of N330 billion ($1.7bn) as against the N1.04 trillion ($5.2bn) originally slammed on it by the Nigerian Communications Commission (NCC).. The NCC had on October 20 last year imposed $5.2 billion on the company for allegedly undermining efforts by the Nigerian government to tackle security challenges and the war on terror and allied crimes, as the telecoms operator allegedly refused to deactivate unregistered mobile phone lines on its network. Both NCC and MTN had confirmed the development in separate statements yesterday The Director of Public Affairs of NCC, Mr Tony Ojobo, said in Abuja that MTN would pay the fine in six tranches over the next three years. The amount, according to him, includes the “goodwill” payment of N50 billion earlier made by MTN to the government. He said:”The balance of N280 billion will be made in six tr...

The chairman of INEC Professor Mahmood Yakubu has stated that the Rivers State hitherto inconclusive election will be concluded latest July 31st, in a hearing by the House of representative public petitions committee INEC Chairman categorically stated that all matters as regards the elections in Rivers State will be concluded by the end of July. In his presentation the INEC chairman said elections will be conducted in over 1000 units spread over 11 local governments, responding to the question why the results in Ogubolo local government was not released even when it was concluded, the Chairman stated that he will revert to his office and get back to the committee. The chairman House of representative public petitions committee, Hon Uzonna Nkem-Abonta asked the chairman of INEC if it will be right to spend task payers money to conduct an election in areas where the total number of electorates will not affect the overall result of the election, INEC chairman in his response stated that e...