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MTN Co-operative Boss, Others Defraud Staff of N1.4Bn

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Cyril Ilok, prosecution witness, has told Justice Lateef Lawal-Akapo of a Lagos High Court sitting in Igbosere how former staff of MTN defrauded MTN Employees Co-Operative Society (MEMCOM) members of the sum of N1.4Billion.

 

Ilok, who is the first prosecution witness works as a General Manager with the Business Risk Management Unit in MTN, told the court how the defendants stole the money meant to buy landed property and build the proposed “Yellow Estate” for members of the Co-Operative.

 

The defendants are Victor Akintunde, Gani Mustapha, Mutairu Babatunde, Primavera Engineering and construction Limited and Mabo Dredging Limited.

 

They are standing trial on eighteen count charge, bothering on stealing, conspiracy and obtaining money by false pretense, the charges was brought against them by the Economic and Financial Crime Commission’s, (EFCC).

 

Ilok while being led-in evidence by EFCC counsel, Babatunde Sonoiki, told the court how the 1st defendant, Victor Akintunde, who was the president of MEMCOS and the 2nd defendant, Gani Mustapha,a treasurer conspired to steal the money contributed by members of the Co-Operative.

 

According to Ilok, the 1st and 2nd defendants signed a memorandum of Understanding with the land owner and the total of 26.5 hectares was signed as N1,501,902,666.00 but the cost was discovered to be N963.3,000,000.00, leaving a difference of N373,500,000.

 

“MEMCOS through the 1st and 2nd defendants acquired 39 hectares of land for real estate development but they did not pay for the said numbers of hectares.

 

The defendants only paid for 13 hectares and part paid for the 26 hectares of the land located in Okun Ajah, Lagos.

 

“It was also discovered that the 1st and 2nd defendants have mismanaged the sum of N1,357,764,414.

 

The witness also told the court that the 1st and 2nd defendants were former staff of MTN while the 3rd defendant is the owner of the 4th defendant, Primevera Engineering and Construction Limited.

 

“It was discovered that there were a lot of irregularities in the expenses.

The total sum of N3.2billion had been collected by the executive of the Corporative led by Akintunde and Mustapha for the purpose of building houses for members of the cooperatives.

 

“When these irregularities were realized, the new management appointed KPMG, a professional auditing and accounting firm to investigate the books of account of the cooperative for the period of 2008-2011 executive led by the defendants before they handed over to new executive.

 

“During this period, I worked with KPMG on the investigation and I was also interfacing between the firm and the accused after which the report of KPMG was submitted to me to help summarize and thereafter, a petition was written to the Economic and Financial Crime Commission.

 

Ilok further told the court that the report of the firm shows that there were monies that were not paid.

 

“There were 13 hectares of land and 5 hectares were encumbered and the sum of N427,114,414,00 was to be refunded by Primavera Engineering to MEMCOS and a cheque was written by Primavera but it was returned unpaid.

 

“The company however issued another cheque of N300million to MEMCOS and it was cleared.

The difference between the amount that was cleared and the one which was returned was N127,114,414. The amount said to have been mismanaged is N1,357,764,414.00.

 

“It was also discovered that there were unreceipted payments, excess payment on documents and land, Five hectares of land was also defective among the hectares bought.

 

While being cross-examined by one of the defence counsel, Mr Olalekan Ojo, Ilok maintained that MEMCOS is insisting that the 1st and 2nd defendants should refund the defective 5 hectares of land.

 

He further said that the defendants did not account for what they did with N50million from the money given to them.

 

Ilok also siad he is not aware that the 4th defendant was engaged to do other things which includes perfection of documents, layout and building approval but money was paid to the company through the 1st and 2nd defendants.

 

He continued that the registration of the land is in contention and ineffective.

“The grouse of the MEMCOS is the failure of the defendants to have the money paid for 5 hectres refunded. The titled document was used by MEMCOS to obtain loan from Federal Mortgage Bank in respect of Yellow Estate project.

 

” I did not know the amount of loan MEMCOS got from the bank. I was not present at the negotiation between MEMCOS acting through the first and 2nd defendant and the owners of the 39 heactres of land. They did not account for what they did with the money. But Memcon insisted that the over payment should be refunded”, he said.

 

 

 

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Infinix Mobility Unveils Hot S3X, The First Notch Screen Smartphone with A.I Selfie Camera

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Premier smartphone brand, Infinix Mobility has just unveiled Africa’s first and biggest notch screen smartphone with A.I Selfie camera – Infinix Hot S3X.

The device is the latest addition to the Hot S series family, it joins a long list of devices that make up an impressive product portfolio from Infinix and reemphasizes the brand’s aptitude for designing stylish smartphones with sophisticated tech features.

The Hot S series which was officially launched in 2016 is a lifestyle smartphone series comprised of devices with innovative features and an apparent stylish appeal which most smartphone consumers find utterly irresistible.

With the Hot S3X, Infinix Mobility has delivered a 6.2-inch notch screen smartphone which is a first of its kind within the African smartphone ecosystem.

The notch screen is essentially a cut-out, at the top, of a part of the screen display that retains the display space on either side of it, for information such as date, battery statistics and more, and for apps.

The HotS3X comes in a lustrous design measuring at 156.7×75.3×8.3mm. The notch screen is inculcated with a 6.2-inch screen size, 720×1500 screen resolution and the 18:9 screen aspect ratio that gifts the Hot S3X a scintillating aesthetic. This device is also poised to be a trendsetter for subsequent devices to be released within the field of smartphone creation.

The Hot S3X has a 16MP A.I (Artificial intelligence) selfie camera with dual LED flash. The A.I selfie camera recognises the user’s environment within milliseconds, the best various light shades and automatically picks the best settings for high quality images.

It also has dual rear cameras (13MP+2MP) which features geo-tagging, autofocus and face detection for the best quality photos.

The Hot S3X is powered by a 4000mAh battery with 2A quick charge and runs on Android 8.1 Oreo OS coupled with 430 Qualcomm Snapdragon processor chipset for a fully optimized system without glitches. The Hot S3X also possesses rear fingerprint sensor, Face Unlock system, accelerometer and so much more.

Marketing Communications Manager, Infinix Mobility Nigeria, Tayo Odunowo deliberated on the device’s significance to its target audience as it is a tool to bridge the gap between futuristic technology and today’s world

“OEMs globally are always on the lookout for the next big thing to talk about. It is evident carefully looking at the features on the Hot S3X that we at Infinix take pride in our ability to understand and meet our youthful consumers’ needs, and eventually surpass their expectations”.

The Hot S3X comes in colour variants such as Berlin Grey, Milan Blue, Ice Blue and is currently on sale within every authorised Infinix retail store nationwide.

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NCC Tackles Sharp Practices through Consumer Outreach

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Nigerian Communications Commission (NCC)‎ has said that it would continue to ensure that consumers of communications enjoyed the services expected to be provided by the Service Providers.

 

Speaking at the 97th Edition of Consumer Outreach Programme (COP), Prof. Umar Garba Danbatta, executive vice chairman, Nigerian Communications Commission (NCC)‎, represented by Alhaji Ismail ‎Adedigba, deputy director of Consumer Affairs Bureau at NCC, stated that the customer is king.

 

“At NCC, we believe customer is king and as such, we must accord consumers their basic rights which include the right to be heard, right to be educated, right to choose, right to redress as well as right to safety,” he stated.

 

He disabused consumers’ fears against mast erection near residential areas.

 

“NCC has full-fledged monitoring and complain department that ensure that service providers do not mount masts and towers where not suitable. However, WHO says radiation from telecom masts does not have any health effect. Masts and towers do not have any negative health implication,” Danbatta further stressed.

 

Also speaking, Mrs Felicia Onwuegbuchulam, director of Consumer Affairs Bureau at NCC, stated that the outreach “educates telecommunications consumers and other stakeholders on contemporary issues generating interest in the industry” as well as “serves as a feedback mechanism for the Commission towards regulatory interventions.”

 

With a theme: “Using Information and Education as Tools for Consumer Empowerment and Education,” Onwuegbuchulam stated that the outreach fortifies consumers ‎with necessary tools to be protected from market exploitation; and to make rational and informed decision when making choices of services.

 

The programme was attended by Service providers including Globacom, 9mobile, MTN and Airtel.

 

Highlights of the Outreach programme included questions and answers.

 

 

 

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Rapid Renewal of Android Smartphone Portfolio brings Nokia 5, Nokia 2 to Nigeria

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HMD Global, the home of Nokia phones, has continued to rapidly renew its portfolio of Nokia Android smartphones by today announcing that Nokia 5.1 and Nokia 2.1 will be available to buy from accredited dealers in Nigeria from 20th August, 2018.

Offering access to the latest Google services, such as the Google Assistant, the duo of smartphones continues to deliver a pure, secure and up-to-date Android experience with Android One and Android Go, combined with the premium craftsmanship and design expected from a Nokia smartphone and the performance to match.

Joseph Umunakwe, General Manager, HMD Global West, East and Central Africa says: “We are encouraged by the response that we are getting to our products. Our consumers tell us they love their Nokia smartphones on Android. It is our constant endeavour to enhance the experience to better suit the everyday needs of our fans.

“Every single detail on a Nokia smartphone has been designed with consumers in mind, which is why we are delighted to introduce these refined smartphones that deliver a dramatic step up on performance, continue to drive the most premium design elements to price points accessible to everyone and deliver the class-leading quality that you expect from us.”

“With this range, we deliver larger screens, enhanced performance across our range with processor upgrades offering up to 50% higher performance while maintaining the perfect balance with power consumption and stunning designs – all in a segment where consumers often need to compromise. With our renewed portfolio, you can now enjoy a premium smartphone experience without paying a premium on the price.

“Each phone radiates effortless style with meticulous attention to detail and no matter your budget, you will be able to find a Nokia smartphone that is right for you,” Umunakwe added.

Continuing with the classic design of the previous generation, the new Nokia 5.1 is understated, compact and effortlessly stylish.

It gets its structural integrity from a single block of 6000 series aluminium, refined through a rigorous 33 stage process of machining, anodising and polishing to give an exquisite satin finish and feel in the hand. The new Nokia 5.1 packs a 0.3-inch bigger display in a 2mm narrower body and precise attention to the finest details like harmonising the rounded edges on the screen bezel with the corners of the phone to offer a compact, pocketable experience.

Nokia 5.1 comes with a higher resolution 5.5-inch Full HD+ display in 18:9 aspect ratio, making watching your favourite content – be it browsing the web, watching your favourite shows, sharing funny memes or gaming – a delightful experience.

The new Nokia 5.1 comes in three classic colours: Copper, Tempered Blue and Black (available a few weeks later); with storage/RAM of 2GB/16GB, and will be available starting 20th August, 2018 from N67, 000.

Serving long-lasting entertainment needs for consumers who are always on the go, Nokia 2.1 comes with a 2-day battery life, a large 5.5-inch HD screen and dual front-facing stereo speakers.

The Nokia 2.1’s huge 4,000mAh battery now charges even faster so you can get back up and running even more quickly than before.

With its HD display almost 20% bigger than the original, you can enjoy high-definition videos on the go while the dual speakers with bespoke 3D formed stainless steel detail gives you an amazing stereo sound.

The new Nokia 2.1 will come in three metallic colours: Blue/Copper, Blue/Silver and Grey/Silver and will be available starting 20th August, 2018 from N32, 000.

Together with Nokia 8 Sirocco, Nokia 7 plus and Nokia 6.1, Nokia 5.1 also joins the Android One family, delivering an experience designed by Google that is smart, secure and simply amazing.

Nokia smartphones with Android One offer more storage and battery life out of the box, as well as the latest AI-powered innovations from Google to help you stay ahead of the game every day. Nokia 5.1 will receive three years of monthly security patches and two years of OS updates, as guaranteed in the Android One programme.

This puts them among the most secure phones out there, always up to date with the latest Google services like the Google Assistant and Google Photos with free unlimited high-quality photo storage.

Meanwhile, Nokia 2.1 comes with Android Oreo™ (Go edition), designed for smartphones with 1GB RAM or less, giving you a smooth Android experience, more storage out of the box and consuming less data. The two phones are ready for Android P.

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