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Ex-Kogi Governor Yahaya Bello granted ₦500m bail in ₦80bn money laundering trial

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Ex-Kogi Governor Yahaya Bello – Ex-Kogi Governor Yahaya Bello…

Ex-Kogi Governor Yahaya Bello – A Federal High Court…

A Federal High Court in Abuja, on Friday, admitted the immediate-past Governor of Kogi, Alhaji Yahaya Bello, to a ₦500 million bail with two sureties in the like sum.

Justice Emeka Nwite, in a ruling, ordered that the two sureties must be landowners within the court’s jurisdiction. Justice Nwite ordered that the sureties must swear to an affidavit of means which must be verified by the court registrar.

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The judge, who ordered the former governor to submit his international passport to the court, directed the sureties to submit two copies of their passport photographs each equally. He ordered the defendant to be remanded in Kuje Correctional Centre pending the perfection of his bail.

Justice Nwite subsequently adjourned the matter until February 24, February 28, March 6 and March 7, 2025, for trial.

The News Agency of Nigeria (NAN) had, earlier, reported that Bello pleaded not guilty to the 19-count charge brought against him by the EFCC.

The ex-governor is facing an alleged money laundering trial to the tune of N80 billion. When the case was called for hearing, on Friday, counsel for the EFCC, Kemi Pinheiro, SAN, notified the court of the intention of the prosecution to withdraw an earlier application for abridgement of the earlier date fixed for arraignment.

He said the application had been overtaken by events. The lawyer to the former governor, Joseph Daudu, SAN, did not object and Justice Nwite, accordingly granted the request.

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After the defendant had taken his plea, Daudu made clarifications on the reasons he had not been in court during the previous hearings.

“I would like to place on record that for any impression that might have been created that the defendant did not wish to appear before your lordship.

“Coincidentally, the ruling on my lord’s sitting this morning dealt with the issue of jurisdiction.

“What the defendant did was to ask his counsel to challenge the jurisdiction of the court, which got to the Court of Appeal and the Supreme Court.

“So it was not a wishful disrespect but he was only trying to defend himself.

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“So we all hold your lordship in high esteem. If that impression must have been, he would not have presented himself for arraignment.

“That episode is gone and things are clearer now,” he added.

While moving a bail application, Daudu assured that the former governor would always be present in court for the trial.

“I am saying this with the highest sense of responsibility that the defendant, a two-term governor of Kogi State, who travelled only two times out of his eight years in service, will always be present in court at all times.

“There should be no apprehension that he will jump bail.

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“So we urge your lordship to grant us very reasonable conditions of bail such that he will be able to bear,” he added.

He commended the prosecution counsel, saying he had conducted himself on the best tradition because the matter was not a do-or-die one.

He said they had agreed that the council would not stress the court over the issue of bail. The Prosecution Counsel concurred.

Responding, Pinheiro also thanked Daudu for his assurance.

He confirmed that both lawyers had had a discussion on the issue of bail for the defendant.

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“I must express my honour to the very eminent lead senior counsel. He is a man of immense stature, not because of his size.

“I do respect him as president of the NBA. I also confirm that we have been engaging in a series of discussions to ease the burden on your lordship in compliance with Rule 26 of the Rules of Professional Ethics.

“I also note that your lordship had delivered not less than five rulings in this matter and it is our aim to ease the work.

“We are prosecutors not persecutors. So EFCC is a professional commission; a prosecutorial and not persecutorial commission,” he stated.

“We accept the assurances of the very eminent SAN that the defendant will make himself available subject to your lordship’s discretionary terms that may be imposed.

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“By so doing, we will ease the burden on the court.

“Therefore, we will not be opposing the eminent SAN’s submission,” he said.

Pinheiro said though they had filed a counter-affidavit, they would not oppose the bail, going by the assurances of Daudu. Ruling on the bail application, Justice Nwite said, “I have listened to the submissions of both counsels. It is not in dispute that both counsels have filed applications in respect of the bail application.”

He said the rights of the defendant and the prosecution must be taken into account in granting bail. The judge held that having not opposed the bail plea, he was minded to change his earlier stand on the matter.

NAN reports that the ex-governor was earlier, on Tuesday, remanded in Kuje Correctional Centre by a High Court in Abuja on a fresh ₦110 billion charge by EFCC, pending his bail application.

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VIDEO: Young Woman Allegedly Killed by Gospel Singer Laid to Rest

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Young Woman Allegedly Killed by Gospel Singer Laid to Rest

VIDEO: Young Woman Allegedly – VIDEO: Young Woman Allegedly…

VIDEO: Young Woman Allegedly Killed by Gospel Singer Laid to Rest

The remains of Salome Adaidu, allegedly murdered by gospel singer Timileyin Ajayi, have been interred amid an outpouring of grief.

The sombre burial ceremony, captured in a viral video, showed mourners weeping as her body was laid to rest on Monday night.

Ajayi, who gained popularity as a gospel artist and motivational speaker, was apprehended in Nasarawa after being caught with Adaidu’s severed head concealed in a polythene bag.

The grim discovery occurred on Sunday in Agwan Sarki, Orozo, near the Federal Capital Territory (FCT).

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How police arrested Salome’s killer

VIDEO: Young Woman Allegedly

Authorities revealed that an intelligence tip-off led security agents to an uncompleted building where the suspect was arrested.

During interrogation, Ajayi confessed to the crime, claiming a heated altercation with Adaidu led to her death.

“We fought, and she tried to stab me with a knife,” he stated in a now-viral video.

The Killer’s confession

Ajayi, who released his album God of the Earth in 2020, further admitted that the rest of Adaidu’s body was at his residence, prompting authorities to intensify their investigation into the incident.

The chilling case has sparked public outrage, with many calling for swift justice.

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Meanwhile, security agencies are working to piece together the events surrounding Adaidu’s tragic death.

This shocking crime has drawn widespread attention, leaving the community grappling with the devastating loss of a young life.

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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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