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Alleged Fraud: Court Grants N500m Bail To Saipem MD, Others
A Rivers State High Court in Port Harcourt has granted bail to the Managing Director of Saipem Contracting, Mr. Walter Peviana, and Kelechi Sinteh Chinakwe with N500million.
On January 11, the duo were remanded at the Port Harcourt Correctional Centre over an alleged conspiracy to defraud the Rivers State Government the sum of $130million.
At the resumed hearing, for bail consideration, the trial Judge, Justice Okogbule Gbasam, granted bail to the defendants in the matter filed by the state government as registered in suit number PHC/3106/CR/2021.
The prosecution in the matter is the Government of Rivers State, while the defendants are Saipem SPA (1st defendant); Saipem Contracting Nigeria Limited (2nd defendant); Mr. Walter Peviana (3rd defendant); Kelechi Sinteh Chinakwe (4th defendant); Giandomenico Zingali (5th defendant); Vitto Testaguzza (6th defendant), and Davide Anelli (7th defendant).
Earlier, the counsel for the 1st, 2nd, 3rd and 6th defendants, Odein Ajumogobia (SAN), and the counsel for the 4th defendant, relying on Sections 194 and 169 of the Administration of Criminal Justice and Sections 35 and 36 of the Constitution of the Federal Republic of Nigeria, pleaded for the bail of their clients.
The counsel told the court to grant the defendants bail considering the facility where they were detained, explaining that their clients could fall ill following the spread of the COVID-19.
Ajumogobia urged the court to grant his client, Peviana, bail owing that he is the “managing director of one of the largest company in West Africa (Saipem),” and would not jump bail.
The counsel pleaded that the court has the power to grant bail to the defendants.
But the applicant counsel, Godwin Obla (SAN), urged the court to dismiss the bail application for the defendants.
Obla argued that the money involved in the allegation, if converted to Nigeria currency, would amount to N32billion, which he said is about 6.7percent of the total state budget for the year.
He argued that the 4th defendant counsel filed application of bail a day to the client arraignment in court, saying the application did not comply with the law; hence, the court should dismiss such.
The counsel further argued that: “It shows the seriousness of the crime the accused persons were charged with and reason why the accused should not be granted bail.”
Ruling on the bail application, Gbasam noted the error in filing a bail application before the defendant appears in court.
The judge said: “The anticipation is that bail should come before arraignment, arrest or remand. The application made on January 10, 2022, was merely speculation and presumption. The 4th defendant should have filed his application after the case has been brought to court.”
He stated that the application was null and void.
Gbasam, who also expressed the discretion of the court in granting bail to the 2nd and 4th defendant, ordered that they should present two sureties each, and surety for the 2nd defendant must be a principle officer of the 1st defendant (Saipem), and must own a landed property in the state with Certificate of Ownership.
Also, as the bail condition, the judge said the defendants should deposit their international passports to the court and that sureties must deposit original papers of their landed property in the court.
However, the court adjourned the matter till February 2, 3 and 4, 2022, for accelerated hearing.
Speaking with newsmen outside the courtroom, counsel for the applicant, Obla, explained that: “The matter came up today (Tuesday) for plea as previously scheduled by the court, and the plea of the defendants were all taken to the 15 count-charge, and they moved their application for bail.
“We opposed the application for bail but also left a window for the judge to also exercise his discretion.
“He has now granted bail to the 3rd and 4th defendants in the sum of N500million each, two sureties to provide landed property, the surety for the 3rd defendant must be a managerial level with the second defendant.
“The case has been adjourned till February 2, 3, and 4, 2022, for hearing on the day-by-day basis.”
Also speaking, counsel for the 1st, 2nd, 3rd and 6th defendants, Ajumogobia, lauded the court for granting bail to his clients, but noted the high conditions of the bail.
He said: “Bail is at the discretion of the court. We made an appeal that the court should issue conditions that are not too stringent. I think the court was gracious enough to issue difficult conditions, but we will try and see how we can meet those conditions-I mean N500million is not a small amount of money for the two of the defendants.
“But at least the challenge now is to meet those conditions for bail so that they can come out of the prison,” he said.
News
Don’t Attend Nocturnal Meetings To Declare War On Rivers, Fubara Tells New CP
Rivers State Governor, Sir Siminalayi Fubara, has advised the new Commissioner of Police posted to the State, Olugbenga Adepoju, to resist the temptation of attending nocturnal meetings that will make him declare war on Rivers people.
Rather, the Governor urged him to put the general interest of the people of the State above other considerations so that he can work to ensure that peace prevailed and there is stability.
Governor Fubara gave the advice when he received CP Olugbenga Adepoju, the 47th Commissioner of Police, Rivers State Command, on courtesy visit, at Government House in Port Harcourt, last Friday.
The Governor said: “You are not a new person in our State. You’ve been here, more especially, in charge of Operations. It then means if I start to talk about my story, it’ll connect with your activities in Operations. But I am not going to talk about my story.
“But the good thing here is, you said something that I want to really anchor on. Your duty, as it stands now, is to work with the government, work with other sister agencies to maintain law and order, protect lives and property of the people of Rivers State.
“Be apolitical, as you just read in your address. Don’t go to nocturnal meetings in people’s houses, and in the morning, you come and declare war on Rivers people. That is the only advice I will give to you.”
Governor Fubara charged the CP, who is already conversant with the Rivers State terrain and its associated security challenges, to draw up a holistic plan on how to tackle the twin problem of cultism among the youths and kidnapping incidences in boundary communities.
Governor Fubara said his administration is not failing on its responsibilities to security agencies to sufficiently address those issues and save Rivers people, adding, “But the primary duty of this team, these particular challenges are rested on the police. So, please, take this one as my own assignment (to you).
“While you are carrying out the larger assignment that your people from headquarters will send you, also make sure that you look for every way possible to reduce issues of cultism because it is affecting our secondary schools, it is affecting our primary schools with students growing to become monsters, which is also leading to other issues like kidnapping and others.
“It starts from somewhere. So, we must also get to the root and reduce it. I know we cannot totally eliminate it, but, somehow, let us look for a way to reduce it.”
Governor Fubara said the former CP to the State had succeeded because he maintained healthy synergy with the State Government, and assured that the same level of support will be provided to the new CP, if he adheres to the tenets of professionalism, stressing, “On our part as a Government, we will continue to support you to make sure you succeed. Your success here will mean more elevation for you. If you have a very bad record here, whether you like it or not, it will one day in the course of your profession, affect your growth.”
In his address, Rivers State Commissioner of Police, CP Olugbenga Adepoju, expressed profound gratitude for the opportunity given to him to serve the resilient and vibrant people of Rivers State as the 47th Commissioner of Police.
CP Adepoju said he is fully aware of the complex security challenges in the State, and is determined to do everything professionally to confront them with innovation.
He said, “We will strengthen our intelligence gathering capabilities, enhance our rapid response mechanism, and most importantly, foster deeper trust and collaboration with the community we serve. Our Command will remain firmly apolitical, standing as a neutral and impartial institution, dedicated solely to upholding law and order. This commitment is vital to maintaining the trust and confidence of the people we protect.”
CP Adepoju also said: “While we will engage constructively with political leaders and key stakeholders to secure necessary resources and support, our engagement will always be conducted with professionalism and integrity”.
Meanwhile, Governor Siminalayi Fubara, and the State Commissioner of Police, Olugbenga Adepoju, have decorated two officers in Government House with their new ranks of Deputy Superintendent of Police (DSP).
They include the Personal Security Officer to the Governor, Anthony Peter, who was recently promoted from Assistant Superintendent of Police (ASP 1) to Deputy Superintendent of Police (DSP); and Provost Marshal, Government House, John Wakama, who was also promoted from Assistant Superintendent of Police (ASP 1) to Deputy Superintendent of Police (DSP).
Both the Governor and the Commissioner of Police were assisted at the short event by the wives of the newly promoted officers.
The decoration ceremony was performed shortly after the courtesy visit to the Governor by the State Commissioner of Police at the Government House, Port Harcourt, last Friday.
News
TUC Rejects VAT Hike, Urges Pro-people Tax Reforms
The Trade Union Congress of Nigeria has opposed the proposed increase in the Value Added Tax rate, as outlined in the Federal Government’s Tax Reform Bills, warning that the move could worsen the economic hardship faced by Nigerians.
The Federal Government had proposed a phased VAT hike from the current 7.5% to 10%, 12.5%, and ultimately 15%, a move the TUC described as ill-timed and detrimental to the welfare of citizens already grappling with inflation, unemployment, and a soaring cost of living.
Speaking during a press briefing in Abuja, yesterday, following the union’s National Executive Council meeting held on November 26, 2024, TUC President Festus Osifo said maintaining the VAT rate at 7.5 per cent was crucial to safeguarding Nigerians from additional financial pressure.
“Allowing the Value Added Tax rate to remain at 7.5 per cent is in the best interest of the nation. Increasing it now would impose an additional burden on households and businesses already struggling with economic challenges,” Osifo said.
He added, “With inflation, unemployment, and the cost of living on the rise, higher taxes could stifle economic growth and erode consumer purchasing power.”
The TUC called for a review of the tax exemption threshold, urging the government to raise it from N800,000 to N2.5 million per annum to ease the financial strain on low-income earners.
“This measure would increase disposable income, stimulate economic activity, and provide relief to struggling Nigerians,” Osifo explained.
He said, “The threshold for tax exemptions should be increased to N2,500,000 per annum. This adjustment would offer much-needed relief to low-income earners, enabling them to cope with the current economic challenges.”
The TUC also expressed reservations about the proposed transfer of royalty collection from the Nigerian Upstream Petroleum Regulatory Commission to the Nigeria Revenue Service (NRS), citing risks of revenue losses and inefficiencies.
“Royalty determination and reconciliation require specialised technical expertise in oil and gas operations, which the NUPRC possesses but the NRS lacks. This shift could result in inaccurate assessments, enforcement challenges, and reduced investor confidence,” Osifo warned.
The union commended the government’s decision to retain the Tertiary Education Trust Fund and the National Agency for Science and Engineering Infrastructure, describing their roles as pivotal to the country’s education and technological advancement.
“These institutions have significantly contributed to improving tertiary education and fostering homegrown technologies. Their continued existence is vital for sustained progress in education, technology, and national development,” Osifo said.
Osifo called on the Federal Government to adopt tax policies that prioritise the welfare of citizens and promote equitable economic growth.
“As discussions on the Tax Reform Bill continue, it is our hope that the focus will remain on fostering economic growth and improving living conditions for all Nigerians,” he said.
The TUC reaffirmed its commitment to advocating for policies that enhance the well-being of Nigerians, emphasising that proactive and citizen-centred reforms reflect true leadership.
News
Fubara Inaugurates Road Project To Celebrate Jackrich On Birthday
Rivers State Governor, Sir Siminalayi Fubara, has noted with delight the initiative, love and courage shown by High Chief Sobomabo Jackrich in contributing to improved road infrastructure in his community.
Governor Fubara made the commendation when he visited the country home of Amb Sobomabo Jackrich to celebrate with him on his birthday, and used the occasion to inaugurate a road project executed by the celebrant in Usokun Town in Degema Local Government Area.
Amb Sobomabo Jackrich, also known as Egberepapa, is a prominent Niger Delta leader and National Chairman of Simplicity Movement.
Governor Fubara said the road project, solely funded and completed by the celebrant, shows how committed he is to making life better for residents in his community.
The Governor said: “Let me on behalf of the guests that are here to celebrate with our brother, not really an official engagement, but on a personal note, also share a wonderful moment with our people.
“Our celebrant is not just celebrating his birthday, but he is also giving back to the society. So, I join him and all well-meaning people that believe in his course to commission this project that he has embarked on in his own accord for the betterment of his people.
“I want to say that with what I am seeing here, there may be a few things that we can also do to make this project more meaningful to the people in terms of streetlights. On our own, we are going to support him to complete it.”
Governor Fubara, who also joined the celebrant to cut the birthday cake, prayed for strength and longevity for the celebrant.
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