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Cybersecurity levy: FG more interested in milking dying economy, says Peter Obi

Global News International



Cybersecurity levy: FG more interested in milking dying economy, says Peter Obi

Cybersecurity levy: FG more interested in milking dying economy, says Peter Obi







Global News Reports That The Presidential candidate of the Labour Party (LP), Peter Obi, in the 2023 elections, says the federal government is more interested in milking a dying economy through the introduction of the cybersecurity levy.





Cybersecurity levy: FG more interested in milking dying economy, says Peter Obi




In a post on his X account on Wednesday, Obi said the policies implemented by the government not only drive the citizens into poverty but also diminish the country’s competitiveness in the economic environment.










According to Obi, it is unreasonable to expect the struggling citizens of Nigeria to individually finance all government activities.










“The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth,” Obi said.








“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate.









“It is inconceivable to expect the suffering citizens of Nigeria to separately fund all government activities. Policies such as this impoverish the citizens and make the country’s economic environment less competitive.









“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue-collecting center?








“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?










On May 6, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers.











CBN said the policy would take effect in two weeks and charges would be described as a ‘Cybersecurity Levy’.










The apex bank said the charges would be remitted to the national cyber security fund, administered by the Office of the National Security Adviser (ONSA).

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Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice

Global News International




Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice

Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice






Continue to speak out against all forms of injustice to yourselves and others, and you will set a mighty example for your children and for future generations.”




— Bernice King






Martin Luther King Jr. once said, “Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.”









Global News Reports That Investors of leading global financial platform Afriq Arbiritage System have demanded for justice against the Abayomi Oluwasesan who stole the company’s $87m money and his cronies, Humble Prince Etang, Donald Michael, Fifeyin Awajumo and Michael’s Okoh who have used the instrument of cyber bully and cyber stalking to attack their CEO, Jesam Michael.




Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice





Also, they have unanimously condemned the ungodly role of the legal practitioner of the accused, Maxwell Opara, who has been narrating a dangerously false narration about the incident knowing full well that the perpetrators of these alleged crimes are the villain not the victims.




Consequently, some representatives of the global community of AAS known as Spartans have penned an open letter condemning the unfortunate incidents against their CEO and the company. Excerpts…








Maxwell Opara must be called to order by the Nigerian Bar Association (NBA).



The Spectacle created by the so-called Maxwell Opara, a lawyer hired by ponzi hawks led by one Michael Okoh has exposed the short-comings of the legal profession in the country.



It’s so daft and unprofessional for a supposed lawyer to go to the press and talk about a case ongoing in court. A case he is himself representing in the court of law.



Those he is representing are tied to the chief culprit that is Abayomi and we believed by now as a lawyer he should have gotten all the facts related to the case he was brought in to litigate.





The accused, Abayomi has since confessed to his crime of stealing a whooping 87 million dollars from the confers of AAS. His lawyer has publicly stated this in court. How then Opara was not so informed as to guide his utterances?



This indiscretion on the part of a lawyer cannot be swept under the carpet. Whatever his motives are, we know he is part and parcel of the propaganda machinery to bring down AAS and its CEO, which is a defeated endeavour as everyone already knows. Their plot has failed as the truth is already in the public domain.



While AAS and its CEO will never take the laws into its hands, we are calling on the Nigerian Bar Association (NBA) to effectively call their member to order, and impose disciplinary measures for such flagrant flouting of the legal profession’s code of conduct.



However, irrespective of what the NBA do or fail to do, the security agencies have taken the lead to call him to order as a polite invitation to turn himself in to the Nigeria Police Force or be arrested has gone out. The choice is his to make.



As stated before, there are consequences for our words and actions. The said assault on him as reported by some media pools is a misinformation. Opara was never assaulted by the complainant. He was stopped from further spreading lies about a case in court of which the obvious is clear; that ABAYOMI OLUWASESAN, has confessed to stealing 87 million dollars from AAS.



We should also remember, Abayomi was an employee of AAS, with the knowledge of the key codes to the system, a privilege afforded him by the CEO in trust which he swiftly betrayed.



He did not hack the system, because the system is unhackable. He simply entered because he has the keys. No one has the keys to a door and rather break in, they simply go in with the keys.



So gentlemen of the press, Abayomi stole from AAS, and every lawyer involved in this case must go the extra mile to get to the bottom of the truth before saying anything about the case.



Maxwell must be disciplined and possibly disbarred for bringing shame to the law profession. AAS will leave no stone unturned and will not fold its arms while naysayers and haters run riot.


Never Again.









This is pretty absurd that individuals and institutions make comments without appraising themselves of the circumstances or the facts.



A crime was not committed against Maxwell Opara, a crime was committed against Investors and the CEO of the company they invested in, Afriq Arbitrage Systems. The defendants Maxwell Opara is representing, have already been deeply apologetic of their actions and the principal defendant, Mr. Abayomi has even confessed to the crime of stealing 87 Million dollars from the coffers of AAS.










Maxwell Opara takes sensationalism to the next level when he demonstrates his limited knowledge of the case by stating that the money that was stolen was 100 Million dollars… In so doing, he perjured himself and deeply affected his credibility in exercising his legal profession.



What I see playing out here is a drama where most actors are attempting to have their 5 minutes of fame in the spotlight. This case is huge, and such actors like Maxwell Opara, do not have to be paid any attention to as they attempt to have a spin off show on this main event. The law is going to deal with Maxwell, and as for the rest of us investors, we shall drown the noise and concentrate on how to get our stolen investment of 87 Million dollars from Mr. and Mrs. Abayomi.






Opara’s actions have raised serious concerns about legal ethics and the objectivity of legal practitioners.





The situation involving Maxwell Opara, who was responsible for defending individuals in a cyberbullying case, has taken a dramatic turn. While Opara was representing Michael Okoh, Humble Etenge, and others, another legal matter involving Abayomi Oluwasesan and Afriq Arbitrage System came to light.



Abayomi’s involvement in a $87 million theft and subsequent confession added a layer of complexity to the situation. Despite not directly representing Abayomi in legal proceedings, Opara was seen commenting on the case between Abayomi and Afriq Arbitrage System.



Opara’s actions have raised serious concerns about legal ethics and the objectivity of legal practitioners. This revelation highlights the paramount importance of upholding ethical standards and integrity within the legal profession.



The consequences of Opara’s conduct underscore the necessity for transparency and accountability in the legal field. This scandal serves as a stark reminder of the risks associated with allowing personal gain to compromise the pursuit of justice and the equitable execution of the law. It serves as a cautionary tale about the importance of maintaining ethical standards in legal practice to uphold justice and fairness.











This Lawyer goofed




He contravened the rules of Professional Ethics as Legal Practitioners in Nigeria



Once a case is under the jurisdiction of a Court, it’s a common principle of judicial practice that none, not even the parties involved, nor any lawyer engaged for that matter must go to the media to begin another trial or hearing. It’s Contempt of the Court. The Court usually frowns at such conduct.



A case is subjudice when anyone goes outside the court to make any forms of comment, conference or conclusion with respect to such a case.



The Maxwell Okpara stands to be seriously reprimanded with the appropriate sanctions by the Legal Practitioners Disciplinary Committee.



In addition to the police investigation ongoing against Maxwell Okpara, I humbly advise once again that our AAS Legal Team submit a Petition to the Legal Practitioners Disciplinary Committee ( LPDC ) against Barr. Maxwell Okpara for his breach of the rules of Professional Ethics which forbids Lawyer from discussing or granting interviews with respect to matters or proceedings ongoing in the Courts.



I felt ashamed of Maxwell Okpara conducts as a Lawyer too when I saw him delved into the live issues already before the Court in his Press interviews.


This is too bad for a Lawyer’s conduct!



Our AAS Legal Team appears more professional and must be guided always too, because the Newshounds would always come to them to scoop or scout for headlines.



When approached by the media, all a Lawyer could say is “ the Court has spoken, the next date of adjournment is “xyz “ it is subjudice to say anything further on this case. Thank you gentlemen of the Press for your interest .



Pronto ! You discharge the Press and go your way .


This is best practice we all learn as Lawyers.


Anyone as a Lawyer , including Maxwell Okpara who contravenes the rules must face the consequences of their actions.





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Alleged Assault In Court: Setting The Record Straight, Jesam Michael is The Victim, Not Maxwell Opara

Global News International




Alleged Assault In Court: Setting The Record Straight, Jesam Michael is The Victim, Not Maxwell Opara

Alleged Assault In Court: Setting The Record Straight, Jesam Michael is The Victim, Not Maxwell Opara








Global News Reports That To set the record straight, Controversial Legal practitioner, Michael Maxwell Opara is not the victim of the viral assault video trending on social media. Rather, the CEO of Afriq Arbitrage System, Jesam Michael and thousands of investors of the financial platforms were the true victims of the unfortunate brouhaha that is playing out on social media.






Alleged Assault In Court: Setting The Record Straight, Jesam Michael is The Victim, Not Maxwell Opara




It would be recalled that Jesam Michael was the complainant at the Federal High Court, Abuja, on Monday. Michael had petitioned the Inspector General of Police (IGP), accusing Humble Prince Eta, Donald Michael, Fifeyin Awajumo and Michael Okoh of cyberbullying and cyber stalking.




He alleged that the four individuals circulated some messages against him on Facebook and WhatsApp in April where the accused who were never investors of the company threatened him, his family, workers and put up several incriminating lies against his person. They were picked up by the police where some shocking discovery was unearthed. Sadly, Maxwell Opara, despite knowing the truth, decided to advocate for them based on monetary gains.






Justice Joyce Abdumalik who was saddled with the responsibility of hearing the case filed by the IGP on behalf of Jesam Michael against the accused ordered the remand of the accused in the Kuje Correctional Centre until May 13, when the case is slated to come up for hearing again.





Interestingly, Jesam was billed to address the media about the ugly trend when Maxwell Opara hijacked the media platform to push a totally wrong narrative and fabrication which prompted Jesam Michael to interrupt him innocently.




Like someone who has an evil plot, like a scripted actor, Maxwell was shouting to an unseen cameraman saying cover him, cover him.




What many people don’t understand is that Maxwell Opara and the accused were allegedly working together for an alleged confessed fraudster, Abayomi Oluwasesan who admitted to stealing $87m of investors money run by Jesam Micael. These are investors from over 540 countries, states and provinces of the world.




Being a man who believes in the security agencies and the rule of law in this country, Jesam toed the line of justice and this move angered Abayomi and his cohorts who have resorted to blackmail and fabrications on social media to sway the gullible followers to their journey of perdition.






That’s why Jesam Michael opened up that the accused persons have been threatening his life and promising to bring him down. “We are against anyone going to social media, taking up pictures and videos to air out fake stories that Abayomi did not steal money….We keep saying if you think Abayomi didn’t steal the money, why not go to the police station and ask the police officers who investigated the case or go to the court where the case is,” said Michael.

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$87m Theft: Abayomi Remanded in Suleja Prison Until Bail Perfection As Court Adjourns Till 14th ( Video)





$87m Theft: Abayomi Remanded in Suleja Prison Until Bail Perfection As Court Adjourns Till 14th ( Video)









Sahara Weekly Reports That The arraignment of Abayomi Oluwasesan over the lingering theft saga to the tune of $87m commenced today with the review of his bail conditions.









Abayomi Segun Oluwasesan who allegedly committed the heinous crime of defrauding the leading global crypto space known as Afriq Arbitrage System was arraigned alongside his wife at the FCT High court, Jabi in Abuja.





$87m Theft: Abayomi Remanded in Suleja Prison Until Bail Perfection As Court Adjourns Till 14th ( Video) 





Earlier, the defendants’ lawyer appealed for leniency on the stringent bail condition on behalf of Abayomi OluwaSesan citing their prolonged detention and promising their availability for trial if granted bail. However, the complainant lawyer, Sidi Abdulrasheed, opposed the bail request, highlighting previous instances where the defendants had allegedly fled after being granted bail.













Responding to the bail review, the presiding judge, Ms. Idris insisted the earlier bail conditions remain valid with little modification. It would be recalled that the conditions initially given included provision of two sureties each with 500 million Naira, owning property in Maitama, and also two directors in the federal civil service. Additionally, the sureties must deposit the title documents of their properties in court. However, in his ruling today, he said the sureties should be owners of properties anywhere within the FCT and worth 400 million naira and above. He also reiterated that the two directors should be serving directors and the properties be valued by a licensed estate valuer registered with the federal government.






$87m Theft: Abayomi Remanded in Suleja Prison Until Bail Perfection As Court Adjourns Till 14th ( Video) 






Thereafter, he adjourned the proceedings till 14th ,15th and 16th of May 2024 for speedy trials.




Speaking to Jesam Micheal, the CEO of Afriq Arbitrage System (AAS) after the court proceedings, he clarified the wrong narratives about the case. He said the appearance of Abayomi in court has justified the truth that he defrauded the company to the tune of $87m and that he has confessed to his crime. He narrated how Abayomi who was entrusted with the platform while he went for liver transplant tempered with the systems and defrauded the community of the staggering sum of $87m. He stated that all he is after is for him to refund the stolen funds.



Also, the complainant’s counsel, Barrister Obeten revealed that justice will be served at the court as the suspect has allegedly admitted to committing the crime.




Meanwhile, there was mild drama in court as thousands of investors stormed the court today, booed and jeered at Abayomi and his wife. Their anger was not unconnected to the fact that his actions gravely affected them and their means of livelihood.






It would be recalled that Abayomi and his wife were tracked to an estate in Lagos and brought back to Abuja on Sunday, March 24th, 2024 over the lingering financial scam to the tune of 87 million dollar and criminal activities he perpetrated against AAS and the CEO, Jesam Micheal.






The arraignment of Abayomi by the IG of police at the Federal High Court in Abuja witnessed a significant development on Thursday, March 28th, 2024, as the case involving the alleged theft of 87 million dollar by Abayomi OluwaSesan charged by the Inspector General of Police, Kayode Egbetokun, proceeded with significant deliberations.







The accused individuals were charged for purportedly accessing millions of subscribers’ investments at the Afriq Arbitrage Company’s online trading platform until October 9th, 2023.




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