Akin Alabi | InsideOjodu https://www.insideojodu.com ...conecting the community Tue, 06 Oct 2020 08:15:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 http://www.insideojodu.com/wp-content/uploads/2018/12/favicon.ico Akin Alabi | InsideOjodu https://www.insideojodu.com 32 32 Akin Alabi files a motion to dissolve SARS https://www.insideojodu.com/akin-alabi-files-a-motion-to-dissolve-sars/ https://www.insideojodu.com/akin-alabi-files-a-motion-to-dissolve-sars/#respond Tue, 06 Oct 2020 08:15:51 +0000 https://www.insideojodu.com/?p=17070 Akin Alabi, a member of the house of representatives from Oyo state has filed…

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Akin Alabi, a member of the house of representatives from Oyo state has filed a motion to dissolve the special anti-robbery squad (SARS) of the Nigeria police force.

The lawmaker who noted that the security agency has made headlines in recent times “over ceaseless killings and attacks on innocent citizens”, added that SARS operatives have become so lawless that even the police inspector-general can no longer contain their excesses.

He said, “Policing in Nigeria continues to fall short of modern practices where citizens should be treated with utmost respect and decorum, therefore making it very difficult for an average citizen to truly trust that the police are their friends.”

It is expected that the motion will be considered on Tuesday, October 6.

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Publish account statements of Adebutus, Akin Alabi, others – CBN to banks https://www.insideojodu.com/publish-account-statements-of-adebutus-akin-alabi-others-cbn-to-banks/ https://www.insideojodu.com/publish-account-statements-of-adebutus-akin-alabi-others-cbn-to-banks/#respond Wed, 16 Sep 2020 12:51:30 +0000 https://www.insideojodu.com/?p=16665 The Central Bank of Nigeria (CBN) has ordered banks to publish account statements of…

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The Central Bank of Nigeria (CBN) has ordered banks to publish account statements of some betting company owners.

On the list are Adebutu Kessington and Akin Alabi, the owners of Premier Lotto, aka ‘Baba Ijebu’, and NairaBET, respectively.

Also affected are Adebutu’s sons, as wells as some bureau de change and logistics companies.

The directive was contained in a statement on Tuesday by Z. Markus, on behalf of Director of Banking Supervision, Bello Hassan.

According to the statement, CBN gave the banks ultimatum of 4:00 pm on Wednesday, September 16 to publish the account details.

Early September, the CBN placed a post-no-debit on the bank accounts of 38 companies.

They included 3D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited and Northline Limited, SV Gaming Limited.

Others are Premier Lotto, R&S Lotto Limited, TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited and Godoni Enterprises Limited.

A memo to banks by Bello Hassan read: “You are hereby required to place the under listed accounts on post-no-debit with immediate effect and revert with the account names, numbers, currencies and balances of all accounts placed on PND.”

The companies are being accused of forex infractions, moving forex abroad without the required authorization and “economic sabotage.”

A betting company reportedly moved $420million abroad under the pretext of software purchase.

But the funds were traced to the foreign accounts of its directors.

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