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Princess Toyin Kolade Asks Court To Clear Her Name In $32million Fraud Case

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Top businesswoman and Iyalaje Oodua, Princess Toyin Kolade has began moves to clear her name and that of her company in an alleged $32million fraud case.

The amiable society lady who has consistently declared her innocence since the story broke has instructed her lawyers to file application seeking to quash criminal charges which is being heard by Justice Peter Lifu of Federal High Court, Lagos.

Her lawyer, Mr Dele Adesina SAN had filed a motion before the court asking the court to quash the charge preferred, against the Princess Kolade who is the 7th and her company, Fisolak Global Resources, the 10th Defendants/Applicants. In the alternative, he seeks the court to strike out the names of the 7th and 10th defendants in the charge for the following reasons:

According to the learned silk, the Charge and the proof of evidence failed to disclose any prima facie case and/or link or connect the 7th and 10th Defendants/Applicants to the commission of the alleged offences charged.

The Police Investigation Report Issued by the Commissioner of Police, Police Special Fraud Unit (PSFU), Force Criminal Intelligence and Investigation Department, Annex, Lagos which formed the basis of the Criminal Prosecution did not implicate the 7th and 10th Defendants/Applicants in any way or form.

The Police Investigation Report sufficiently cleared the 7th and 10th Defendants/Applicants from the commission of the alleged offences.

The 7th Defendant/Applicant is a clean, clear and responsible personality in the Society and it will be unfair and unjust to drag her name and that of her Company (the 10th Defendant/Applicant) doing a lawful business into a criminal trial for offences they know nothing about.

The essence of this objection is to terminate the proceedings without this Honourable Court dissipating unnecessary energies to consider this unworthy and fruitless matter as it relates to the 7th and 10th Defendants/Applicants.

The justice of this case demands that the names of the 7th and 10th Defendants/Applicants be struck out from the charge.

The 7th and 10th Defendants/Applicants shall rely on the charge together with all other processes, Statements, Reports and documents filed by the prosecution in this case for the hearing of this application.

In a 24 paragraph affidavit deposed to by Abdul-Malik Abdul-Mutalib, a lawyer in Adesina’s law firm, the defendants have been doing clearing Business at the NPA for many years without any blemish or stain whatsoever. “The Defendants/Applicants are Natural and Corporate Citizens doing honest, lawful and responsible clearing business with sustained credibility in Nigeria.

In this particular case, the defendants averred that they were never privy or parties to the loan application, negotiation and agreement as they were not the parties that applied for the facility granted by either the Access Bank or the FCMB, neither were they beneficiaries at any point in time of the said facilities.

He averred further that the defendants were contacted by the eighth defendant, Metal Africa Steel Products to clear their goods it imported. The consignment bears the name of Metal Africa Steel Products Limited (the 8th Defendant) as the Consignee of the goods to be cleared, and by the ordinary course of business, the name of the consignee must be processed in the Pre-Arrival Reassessment Report (PAAR).

“Form C 16 titled “The Combined Certificate of Value and Origin” (CCVO), which is invoice number CF/96954 of 7th April, 2016 confirms the name of the 8th Defendant as the Consignee of the Steel Billets.
The consignment did not bear the Name of Access Bank Plc or any bank at all. The usual trade practice in clearing business at the Port Authority is that if a consignment is in the name of a Bank, no clearing agent or person has the right/power to clear such consignment without express order or authorization of such Bank as the consignee.

Since the documents were not in the name of the bank, there is no way the 7th and 10th Defendants could have known. Indeed there is no way any clearing agent would have known it belonged to a bank.

He therefore urged the court to grant the prayers saying that “the whole essence of the Administration of Criminal Justice System is to prosecute genuine suspects and or offenders and not to persecute the Innocent such as the 7th and 10th Defendants/Applicants. “the purpose of justice would be defeated if the 7th and 10th Defendants/Applicants are compelled to stand trial in this case for offences that the 7th and 10th Defendants/Applicants know nothing about and for which indeed there are no links connecting the 7th and the 10th Defendants/Applicants to the commission of the alleged offences”.

The office of the Attorney-General of the Federation (AGF) had dragged Princess Kolade, her company, Fisolak Global Resources Limited, and nine others before the court on charges bordering on Conspiracy, Obtaining by false pretence and fraud of $32 million USD.

Other defendants in the charge are; four India Nationals, Prem Garg, Devashish Garg, Bhagwan Simgh Rawat and Mukul Tyagi and two Britons, Marcus Wade and Andrew Fairie, said to be at large.

Also, four companies: Metal Africa Steel Products Limited, Wilben Trade Limited, Fisolak Global Resources Limited and Kannu Aditya India Limited, were also charged before the court on the alleged offences.

 

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Delta Govt Confirms Death of Senator Nwaoboshi at 68

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Senator Peter Onyelukachukwu Nwaoboshi, the former lawmaker who represented Delta North Senatorial District in the National Assembly, has passed away. He was 68.

Reports said that Nwaoboshi died on Friday in Abuja following a brief illness.

His demise was confirmed in a condolence statement issued by the Delta State governor, Rt. Hon. Sheriff Oborevwori.

Expressing sorrow, the governor described Nwaoboshi’s passing as a monumental loss to Delta State, the Anioma nation, and the Nigerian federation.

In the statement by his Chief Press Secretary, Sir Festus Ahon, Governor Oborevwori hailed the late Senator as a “fearless advocate” of the Anioma cause whose contributions to nation-building remain indelible.

The governor recalled Nwaoboshi’s impactful tenure in the Red Chamber, particularly his role as Chairman of the Senate Committee on Niger Delta Affairs.

He noted that Nwaoboshi’s consistent advocacy for the development of the oil-rich region distinguished him as a passionate and committed leader.

“On behalf of the government and people of Delta State, I mourn the passing of my dear friend, Senator Peter Onyelukachukwu Nwaoboshi,” the governor said.

“I extend my heartfelt condolences to his immediate family, the people of Anioma nation, members of the All Progressives Congress (APC), and all those whose lives he touched. I pray that Almighty God grant his soul eternal rest.”

Before his elevation to the Senate in 2015, he served meritoriously as a two-term Chairman of the Peoples’ Democratic Party (PDP) in Delta State, where he was instrumental in consolidating the party’s grip on the State.

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Ribadu’s Office Denies Arming Miyetti Allah in Kwara

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The National Counter Terrorism Centre (NCTC), under the office of the National Security Adviser Mallam Nuhu Ribadu, has refuted claims that it armed members of the Miyetti Allah group for counter-terrorism operations in Kwara State.

The Head of Strategic Communication at NCTC, Mr. Michael Abu, issued the rebuttal on Wednesday in Abuja.

Abu described the reports circulated by some online platforms as false and misleading, saying they misrepresented ongoing security operations in forested areas of the state.

He said that in line with the Terrorism Prevention and Prohibition Act, 2022, it continued to coordinate and support law enforcement, security and intelligence agencies in countering all forms of terrorism across the country.

NCTC spokesman explained that Nigeria’s counter-terrorism efforts guided by the National Counter Terrorism Strategy (NACTEST), involved the deployment of hybrid forces comprising regular security personnel and trained auxiliaries such as hunters and vigilante elements, particularly in difficult terrains.

According to him, the hybrid approach, which was previously deployed with the Civilian Joint Task Force in the North-East, is currently being applied in parts of the North-West and North-Central, including Kwara State, and has recorded several successes against banditry and other criminal activities.

He stressed that the Federal government was not conducting kinetic operations with any socio-cultural group, adding that claims that the Office of the National Security Adviser provided arms to such organisations are unfounded and should be disregarded.

According to him, all auxiliary personnel involved in hybrid operations were recruited directly by authorised security and intelligence agencies after due diligence, and that all operations were conducted strictly in line with the law and established standard operating procedures.

He urged the media to exercise responsibility by protecting sensitive security information and seeking clarification through designated official spokespersons, while advising the public to ignore unverified reports capable of undermining ongoing operations.

He reaffirmed the centre’s commitment to transparency and stakeholder engagement to deepen public understanding of Nigeria’s counter-terrorism efforts.

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Respite As Court Stops Police, IGP from Enforcing Tinted Glass Permit Nationwide

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A Delta State Court sitting in Orerokpe has restrained the Inspector General of Police (IGP) and the Nigeria Police Force from resuming the enforcement of the tinted glass permit policy nationwide.

Justice Joe Egwu, while ruling on a motion ex-parte in a suit marked HOR/FHR/M/31/2025 filed by Isreal Joe against the IGP and two others, through his counsel, Mr. Kunle Edun (SAN), who led other lawyers, restrained, stopped and barred the respondents from resuming the enforcement of the tinted glass permit policy nationwide.

The order was sequel to the announcement by the Nigeria Police of its decision to resume the tinted glass permit enforcement on January 2, 2026.

Aside from the IGP, the court also restrained the Nigeria Police Force and the Commissioner of Police, Delta State Police Command, from resuming the enforcement of the tinted glass permit policy nationwide.

Justice Egwu also barred the police from harassing, arresting, detaining or extorting citizens and motorists on account of the said policy, pending the hearing and determination of the substantive suit.

The case has also reignited a dispute between the Nigeria Police and the Nigerian Bar Association (NBA). The NBA has maintained that the matter remains before the courts and warned that enforcement could constitute contempt.

The association said a suit challenging the constitutionality of the policy had been filed at the Federal High Court, Abuja, and that a judgment had been reserved following the conclusion of hearings.

The NBA further cited a Federal High Court order in Warri directing parties to maintain the status quo pending an interlocutory injunction. The association accused the police of disregarding the rule of law and urged President Bola Tinubu to intervene. “Any contrary executive action amounts to overreaching the Court and undermines the rule of law,” NBA President Mazi Afam Osigwe (SAN) said.

The police, through Force Public Relations Officer CSP Benjamin Hundeyin, insisted that no court order barred enforcement and defended its planned resumption on grounds of public security. Hundeyin noted a rise in crimes facilitated by vehicles with unauthorised tinted glass, citing incidents ranging from armed robbery to kidnapping.

“The Inspector-General of Police, out of respect and understanding, temporarily suspended enforcement to give Nigerians additional time to regularise their tinted glass permits.

That decision was not based on any court order but was a discretionary move to accommodate public concerns,” he said.

The announcement prompted warnings from the NBA that enforcement could trigger committal proceedings against the IGP and the Force spokesperson. The police, however, maintained that enforcement continues until directed otherwise by a court, highlighting recent incidents in which occupants of vehicles with tinted glass allegedly attacked officers.

The ruling by the Delta State High Court now legally bars the police from implementing the tinted glass permit policy nationwide while litigation on the policy’s constitutionality continues.

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