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EFCC Chairman dismiss 2 staff over alleged corruption

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1732007257 EFCC Chairman dismiss 2 staff over alleged corruption

EFCC Chairman dismiss 2 – Olukoyede said besides dismissal,…

Olukoyede said besides dismissal, erring workers would also be prosecuted henceforth.

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, on Monday, said two of the agency’s staff members were, recently, dismissed over allegations of corruption.

Olukoyede disclosed this during the opening of the 6th Annual Criminal Law Review Conference organised by the Rule of Law Development Foundation in Abuja.

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The News Agency of Nigeria (NAN) reports that the 5-day event is titled: “Optimising the Administration of Criminal Justice in Nigeria: How to Navigate Emerging and Systemic Challenges of Insecurity and Economic Hardship.”

The EFCC chairman, who said the two officials were dismissed two weeks ago, said besides dismissal, erring workers would also be prosecuted henceforth.

“So many other reforms are going on; the issue of our staff and all of that.

“Just two weeks ago, I have cause to dismiss two staff. You can’t be fighting corruption and your hands are dirty.

“He who comes to equity, your hands must also be cleaned.

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“And I say I will not only be dismissing them, I will also be prosecuting them because that is what we prosecute others for.

“So you will see that; we are preparing the case files of some of the people we have dismissed.

“If an EFCC staff will not be able to stand publicly with his two hands up and challenge the entire public; whose goat have I collected? Whose bottle of water have I taken illegitimately?

“And I have said this to Nigerians; who has ever given me one kobo in the course of my work, come out and say it. I stand to be challenged.

“I can’t be easily influenced by things like that. That’s why we must make up our minds to work together to do the right thing.

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“Any staff that is corrupt, I will show you the way out.

“Again, there are some people who may want to be overzealous. Out of 12, you must have Judas.

“I can’t stand here and say all is perfect. As many as you see, report them to us and we will do justice,” he added.

Olukoyede said even he was once subjected to investigation for two years as EFCC secretary.

“I am not just sitting there as chairman of EFCC. I have been on the other side.

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“I have been subjected to investigation myself for two years. So I know what it means to subject people to investigations.

“My major objective is to use the instrumentality of this mandate to stimulate the economy and to also follow the rule of law,” he stated.

He said integrity is needed to survive, even as legal practitioners.

“Integrity is not about law, it is not about your advocacy ability to write beautiful briefs. No.

“It is about law and morality. Your conscience must tell you to do the right thing. That is what integrity is all about.

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“Finally, ethics, values and standards of legal practice must also be reviewed.

“These are essential to me because the job of EFCC is to ensure that corruption does not find space in our national life,” he noted.

Olukoyede said he welcomed constructive criticism of the agency.

“I have never been averse to that. But let us do it in a responsible way. What do we benefit from running down our institutions?” he asked.

According to him, if you notice EFCC is doing anything wrong, come to us.

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“We will sit down and I will explain some reformed agenda we are carrying out.

“Upon my resumption of office, we have put some reformed agenda in place.

“We have reviewed our arrest and detention policy. I have had cause to investigate a whole ministry; minister, directors and all of that without detaining anybody overnight.

“And I got all the information I needed and the matter is going on fine without detaining a single soul.

“But that does not preclude that if there is the need to detain, we do not detain.

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“We have also had cause to equip all our interrogation rooms in compliance with the judgment of the court.

“Also, I need to let you know that the era of a 100-count charge, 150-count charge, 85-count charge is gone forever in EFCC,” he said.

Olukoyede said he had given a standing directive that no prosecution should be more than a 15-count charge.

“If your case is watertight…, that is why I will never rush to court until I am sure of my proof of evidence.

“I vet case files myself, particularly high-profile cases and the lawyer must give me a draft of the charge.

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“We will look at it together, compared with my proof of evidence, and sleep over it before I give my go-ahead.

“If we are losing a case, it shouldn’t be on grounds of lack of diligent prosecution.

“If there are other technical issues, fine. But I will be sure that I have done my job and it’s done in such a way that I can defend long after I leave office,” he said.

Joseph Daudu, the Coordinator of the Rule of Law Development Foundation, said the Criminal Law Review Conference commenced 6 years ago as one of the flagship events of the foundation.

He said it was essentially to provide an annual forum for the review of all developments, particularly novel developments in the field of crime apprehension, crime prosecution, crime adjudication and the important activities of the post-adjudicatory processes and institutions of the criminal justice system.
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Is Atom Capital the Future of Tech Businesses?

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Is Atom Capital the – Is Atom Capital the…

Is Atom Capital the – The rise of powerful…

The rise of powerful AI is reshaping the landscape of digital organizations, bringing unprecedented prospects for efficiency, innovation, and profitability. Businesses looking to prosper in this cutthroat market must grasp how to make the most of AI bots as more and more industries adopt these technologies. 

Specifically, AI trading bots are a game-changing innovation in the finance industry that allows businesses to maximize profits and optimize trading methods. This essay looks at how companies might use AI trading bots, in particular, to take advantage of breakthrough AI technology to increase revenue and spur expansion. 

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The Role of AI Bots in Maximizing Advanced AI Usage

Artificial intelligence (AI) bots like the-atom-capital.com/id are specialized software programs created to automate processes, analyze data, and carry out trades or other operations with the least amount of human involvement. By utilizing cutting-edge AI, these bots can learn from enormous volumes of data, spot trends, and make deft decisions instantly. Businesses may greatly increase their productivity and decision-making processes by implementing AI bots.

Automating Repeated Operations

Artificial intelligence bots  like Atom Capital automate tedious jobs, allowing human workers to concentrate on strategic projects. For example, AI chatbots in customer care answer standard questions, freeing up employees to deal with more complicated client requests. Businesses can distribute resources more efficiently as a result of this automation, which also improves customer happiness and operational efficiency.

Enhanced Data Analysis

AI bots like Atom Capital are particularly good at handling and evaluating big datasets. They can spot patterns and irregularities that human analysts would miss. By using these insights, companies may more rapidly and effectively respond to client requests and market changes by making data-driven decisions. Retail companies, for instance, can use AI bots to better manage inventory and study customer behavior, which will save costs and boost sales.

An Introduction to AI Trading Bots

As a direct result of advances in AI technology, the financial sector has seen the rise of AI trading bots. These bots autonomously manage portfolios, conduct trades, and analyze market data. AI trading bots  like Atom Capital can optimize trading tactics based on past data and adjust to market volatility by utilizing machine learning algorithms. 

Enhanced Rapidity and Effectiveness

AI trading bots are capable of operating at speeds much faster than humans. They can take advantage of momentary market opportunities by executing deals in milliseconds. Businesses may refine their trading tactics thanks to this speed, which helps them stay competitive in the quick-changing financial landscape.

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Data-Based Decision Making

Complex algorithms that examine current market circumstances, past trends, and other pertinent data are used to create AI trading bots. Businesses can increase their chances of success by making well-informed trading decisions by utilizing this information. Reducing emotional biases that might impair judgment through the use of AI in trading also results in better logical investment methods. 

Maximizing Profits with AI Trading Bots

Businesses need to implement particular tactics that increase their profitability if they want to fully utilize the potential of AI trading bots like Atom Capital. Here are some essential strategies to use these cutting-edge instruments to optimize profitability.

Improve Your Trading Methods

Based on the information produced by AI trading bots, businesses should constantly improve their trading tactics. They can enhance trading results by looking at historical performance and making adjustments to algorithms. Conducting routine backtests of methods using historical data can yield important insights regarding possible modifications.

Investment Portfolio Diversification

AI trading bots like Atom Capital can efficiently diversify investment portfolios for corporations by managing many assets at once. Businesses can lessen the impact of market volatility on their overall performance by diversifying their risk across a range of assets. This diversification approach raises the probability of yielding steady-state returns.

Put Risk Management Procedures into Practice

With AI trading bots, maximizing earnings requires effective risk management. To reduce possible losses, businesses should use stop-loss orders and clearly defined risk boundaries. Artificial intelligence (AI) bots can constantly analyze market circumstances and modify trading tactics to keep risks within reasonable bounds.

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How to Register on an AI Trading Bot System?

With AI trading bots, getting started is a simple procedure. Here’s how to sign up for an AI trading bot platform step-by-step.

1. Select a Reputable Source

Investigate other AI trading bot systems first. To choose a reliable supplier, check customer reviews, performance data, and ratings. Popular platforms frequently contain features like intuitive user interfaces, solid safety features, and advanced analytical capabilities.

2. Register for an Account

After deciding on a platform, go to its website and register for an account. Giving basic personal information like your name, phone number, and email address is usually required for this. To safeguard your account, choose a strong password.

3. Confirm Your Identity

To abide by regulations, the majority of trading platforms demand identification verification. Get ready to upload proof of identity documents, like a driver’s license or passport, and maybe a utility bill to confirm your address.

4. Add Money to Your Account

You will need to deposit into your trading account after verification. The majority of platforms include a range of payment methods, such as credit cards and bank transfers. To fund your account, make sure you are aware of the minimum deposit requirements.

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5. Configure Your Bot for Trading

Once the account is funded, go to the trading bot part of the platform. The majority of platforms offer simple-to-follow setup instructions for your bot. Depending on your investing objectives and risk tolerance, you can select from pre-built methods or create your own. 

6. Examine and Modify

You should always keep an eye on your AI trading bot’s performance after it has been launched. Examine trading performance and tweak your tactics as necessary to maximize your gains. You can easily monitor your bot’s performance thanks to the real-time reporting and analytics options that many platforms offer. 

Real Benefits of Advanced AI for Bigger Revenues

Advanced AI has several advantages for tech companies beyond trading. Businesses that incorporate AI into their operations stand to gain significantly from increased income in several ways.

Improved Client Relationship

AI-powered technologies can analyze client data and offer individualized services. AI can be used by businesses to enhance customer service, optimize marketing efforts, and make product recommendations. Through customized experiences, businesses may boost consumer happiness and encourage recurring business.

Enhanced Efficiency in Operations

AI automation lowers operating expenses by optimizing workflows and reducing mistakes. Companies can improve resource allocation, cut down on production downtime, and optimize supply chain management. Higher profit margins and cost reductions are the results of this efficiency.

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Nigerians be warned as NAFDAC declares popular market hub of fake drinks

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Nigerians be warned as – Nigerians be warned as…

Nigerians be warned as – The National Agency for…

The National Agency for Food and Drug Administration and Control (NAFDAC) has declared Eziukwu Market, popularly known as Cemetery Market in Aba, Abia State, a hub for the production and distribution of fake and substandard drinks and beverages.

During a raid on Tuesday, December 17, Mr Martins Iluyomade, Director of NAFDAC’s South-East Zone, described the illegal activities in the market as “weapons of mass destruction.”

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He lamented the persistence of these operations despite a major crackdown in December 2023.

“It is baffling that individuals remain recalcitrant and determined to make money at the expense of the lives of their fellow citizens,” Iluyomade stated.

He added that market leaders, who previously signed an undertaking with NAFDAC to identify and expose perpetrators, “now have serious questions to answer.”

The raid uncovered a shocking variety of fake and adulterated products, including wines, whiskey, yogurt, carbonated drinks, dry gin, chips, and other beverages. These items were either produced in unsanitary conditions or re-labelled with new dates after expiration.

Iluyomade expressed deep concern over the volume of expired products being re-validated and warned consumers to be vigilant about the items they purchase.

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“Consumers must remain cautious to avoid endangering their health,” he advised.

The agency affirmed its commitment to revisiting agreements with the market’s leadership to curb the illegal trade and protect public health.

This operation highlights NAFDAC’s ongoing fight against counterfeit products and serves as a warning to those engaging in such activities.

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Nigeria becomes first African nation to resume diplomatic presence in North Korea

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Nigeria becomes first African – Nigeria becomes first African…

Nigeria becomes first African – Nigeria is set to…

Nigeria is set to reopen its embassy in North Korea, four years after its closure during the COVID-19 outbreak, becoming the first African nation to resume diplomatic activities in the reclusive country.

The announcement was made by Nigeria’s Charge d’Affaires to North Korea, Patrick Imologhome, during a meeting with Russian Ambassador to North Korea, Alexandr Matsegora, last Wednesday in Pyongyang. The Russian Embassy in Pyongyang confirmed the development on its official Facebook account.

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“Patrick Imologhome, who recently arrived in North Korea, shared his plans to reopen the Nigerian Embassy in Pyongyang after years of suspended operations,” the Russian Embassy’s statement read.

Nigeria’s embassy was shut down during the early stages of the pandemic in 2019, along with many other diplomatic missions worldwide. However, with North Korea reopening its borders in August 2023, Nigeria is now the first African country to reestablish its diplomatic footing in the country.

The Russian Embassy further noted that Nigeria and Egypt remain the only African nations maintaining a diplomatic presence in North Korea. Both countries have enjoyed diplomatic relations with Pyongyang since 1976.

Notably, a previous UN panel of experts highlighted that Nigeria and Egypt have conducted trade and business dealings with North Korea, allegedly in violation of UN sanctions.

The reopening of Nigeria’s embassy signals a renewed commitment to strengthening ties with North Korea amid evolving post-pandemic diplomacy. It also marks a significant move for African diplomatic relations in the region, particularly as other nations are yet to resume their operations in the East Asian country.

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