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Jonathan’s lawyer says ex-president should be paid $2.7m to testify at Metuh’s trial

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Nigeria’s former president Goodluck Jonathan should be given the equivalent of $2.7 million to testify at the corruption trial of his party’s former spokesman, his lawyer said on Tuesday.

The money would cover costs to enable him to attend the case, Mike Ozekhome told reporters outside the Federal High Court in Abuja.

Olisa Metuh is accused of fraudulently receiving 400 million naira ($1.1 million, 945,000 euros) from Jonathan’s former national security advisor, Sambo Dasuki.

The money was allegedly diverted from funds meant to procure weapons and equipment for the fight against Boko Haram and was used to fund Jonathan’s failed re-election bid in 2015.

Both Metuh, a former communications chief for the Peoples Democratic Party (PDP), and Dasuki, who is being tried separately, have said Jonathan was aware of the payments.

Lawyers for Metuh have summonsed both Jonathan and Dasuki to give evidence. But both failed to appear in court last week.

Ozekhome on Tuesday said Jonathan was “not the proper person to testify in these proceedings at all”.

But he said if the judge maintained he should testify, the court “should order Olisa Metuh… to deposit the sum of one billion naira” to cover Jonathan’s travel costs.

The money would also cover “logistics and the security personnel that will have to accompany him” from his home in Otuoke, in southern Nigeria, to the capital, added Ozekhome.

Otuoke, in oil-rich Bayelsa state, is some 680 kilometres (422 miles) by road from Abuja, where Jonathan is known to own property.

Jonathan was defeated by Muhammadu Buhari at elections that year.

Buhari has since embarked on an anti-corruption drive to root out endemic graft in government and public service.

Critics have accused him of a political witch-hunt as only members of the PDP and Jonathan’s administration have been arrested and charged.

Jonathan’s name has cropped up in a number of investigations and several members of his family and close allies have been taken to court.

But he is not thought to have been formally questioned.

Guardian

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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