Connect with us

Metro

Former Algerian oil chief sentenced to 15 years in prison for corruption

Published

on

An Algiers High Court has sentenced a former CEO of Algeria’s state-owned oil and gas company, Sonatrach, Abdelmoumen Ould Kaddour, to 15 years in prison for corruption in connection with the illegal purchase of a refinery in Italy, the office of the National Prosecutor said in a statement on Thursday.

Kaddour’s former assistant, Ahmed Mazighi, who was accused of “piloting” the project to buy the refinery, was sentenced to seven years in prison while another former executive of the oil group was sentenced to three years in prison with another released by the court, according to the statement.

Local media reports that the accused
were prosecuted in a “corruption case related to the purchase by Sonatrach in 2018 of the Augusta refinery and various infrastructure in southern Italy from Esso Italy, a subsidiary of American ExxonMobil.”

Though the actual amount of the transaction had not been specified, Algerian media speculated that the oil group paid around $720 million, an amount considered excessive for an old refinery that began production in 1950.

According to the prosecutor’s office, the transaction cost Sonatrach a total of $2.1 billion as the company also paid $916 million to acquire the oil stored in the refinery and significant additional sums for renovation work.

The prosecution said it had requested 18 years in prison for Kaddour, and 10 years against Mazighi, including for “squandering public funds, abuse of office and conflict of interest”.

Kaddour, a close associate of the late President Abdelaziz Bouteflika, was extradited to Algeria in August 2021 after being arrested in the United Arab Emirates where he was in hiding, under an international arrest warrant issued by the Algerian judiciary.

He was appointed head of Sonatrach in March 2017, but was dismissed three weeks after the fall of Abdelaziz Bouteflika who was deposed in April 2019, following an unprecedented popular protest movement known as the Hirak, after 20 years in power.

Metro

Luapula businessman, Munsanje, reflects on media freedoms and freedom of expression

Published

on

As stakeholder engagement intensifies regarding the ongoing project to amplify voices on media freedom, freedom of expression, and digital rights, more insights are emerging.

In this edition, we engage with Luapula-based Emmanuel Munsanje, the immediate past president of the Luapula Chamber of Commerce and Industry.

“I want to discuss media freedom. When we talk about media, we refer to the channels disseminating information to various sources,” Munsanje explained.

He added that: “There are ample media freedoms in Zambia.”

Munsanje defined freedom as the ability to work without constantly looking over one’s shoulder.

“In Zambia, there seems to be political will to promote media freedoms by the current regime. This political will has been evident since the President’s inaugural speech in 2021,” Munsanje noted.

He recalled that the movement for media freedom gained momentum when Prime TV reopened following the President’s inaugural speech.

Reflecting on the past regime, Munsanje observed a restricted space for media freedom.

“Previously, we could list media houses that were closed, such as Komboni Radio and Muvi TV. During that time, any media expressing divergent views faced threats of closure,” he remarked.

With the enactment of the Access to Information (ATI) law, Munsanje expressed optimism for greater media freedom.

“The media now has the opportunity to extract information without fear of closure due to the political will in favor of media houses,” he said.

However, he urged media outlets to maintain a balance between freedom of speech and respecting others’ freedoms.

“Freedom of speech is evident today, as we see individuals seemingly challenging the head of state and even ministers without repercussions,” Munsanje observed.

Regarding digital rights, he emphasized the need for strict enforcement of the Cyber Security Act.

“The digital space remains largely unregulated. Enforcement of existing laws is lacking, leading to insults and innuendos, particularly against the head of state,” he pointed out.

Munsanje expressed concern about the proliferation of cyberbullying in Zambia, leading to tragic outcomes such as suicide.

“Social media has become a platform for both educated and uneducated individuals to abuse the digital space,” he lamented.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

Continue Reading

Metro

‘It would be risky to release Binance executive from custody risky’, Nigerian govt says

Published

on

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), believes admitting the detained executive of cryptocurrency firm, Binance Holdings Limited, Tigran Gambaryan, will be a big risk they are not willing to take.

The Commission which arraigned Gambaryan on Tuesday at the Federal High Court in Abuja, urged the presiding judge, Justice Emeka Nwite, to deny the bail application filed by Gambaryan and his legal team.

While presenting the agency’s position, the prosecuting counsel for the EFCC, Emeka Iheanacho, argued that it was too risky to admit the foreigner to bail following the experience with his co-defendant, Nadeem Anjarwalla, who escaped from the custody of the National Security Adviser (NSA) and fled to Kenya where he was rearrested by the Kenyan police last weekend.

“This court will be taking a grave risk to grant the defendant bail. This is also considering the fact that he has no attachment to any community in Nigeria,” Iheanacho said.

“The experience we have had with the man who escaped to Kenya while his United Kingdom passport is in Nigeria will certainly repeat itself if this defendant is granted bail.

“The 1st defendant (Binance) is operating virtually. The only thing we have to hold on to is this defendant. So, we pray My Lord to refuse bail to the defendant,” the EFCC prosecutor said.

Iheanacho further told the court that the agency had uncovered a plot hatched by Gambaryan to obtain a new passport to facilitate his escape from Nigeria after the EFCC had seized his passport within the same period that Anjarwalla fled the custody.

“There was an attempt by this defendant to procure another travelling document even when he was aware that his passport was in the custody of the state. He pretended as if the said passport was stolen.

“Because of the information we received, we ask that the defendant be kept in the EFCC custody so that he doesn’t escape. We will ensure that he is properly taken care of.

“Private inconvenience is preferable to public disgrace. My Lord, we urge this honourable court to refuse the bail request of the defendant and instead remand him in our detention facility.”

However, while Gambaryan’s bail application, his lawyer, Mark Mordi, said his continued detention was nothing but a purely state-sanctioned hostage taking as his client was being held by EFCC as a leverage to obtain information from his employer.

“He can’t go anywhere. The EFCC have his passport. Already, being here, unable to go meet his family, is enough torture.

“The proof of service does not contain one document that incriminates my client. I dare the prosecutor to bring it out for us to see.”

Mordi added the claim by the EFCC that his client was planning to escape from the country was a false and unreliable information based on hearsay and inadmissible evidence.

“The prosecution has not presented any credible evidence to establish why the defendant should not be granted bail,” he maintained, while praying the court to grant the defendant bail and stipulate conditions that would ensure his attendance at his trial.

After listening to presentations by both prosecutors, the Judge adjourned the case till May 17 for ruling.

Gambaryan and Binance Holdings Limited as well as Anjarwalla (in absentia), are being prosecuted by the EFCC on money laundering charges after they were accused by the anti-graft agency of concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria, knowing that the funds constituted proceeds of unlawful activity.

Continue Reading

EDITOR’S PICK

Metro1 hour ago

Luapula businessman, Munsanje, reflects on media freedoms and freedom of expression

As stakeholder engagement intensifies regarding the ongoing project to amplify voices on media freedom, freedom of expression, and digital rights,...

Musings From Abroad1 hour ago

World Bank stops tourism fund to Tanzania’s Ruaha park. Here’s why

A spokesperson for the World Bank said on Wednesday that the lender had stopped all new payments from a $150...

Metro1 hour ago

‘It would be risky to release Binance executive from custody risky’, Nigerian govt says

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), believes admitting the detained executive of cryptocurrency firm, Binance Holdings...

Musings From Abroad1 hour ago

President de Sousa insists Portugal must ‘pay costs’ of slavery, colonial crimes

Following recent conversations around reparations to countries with colonial heritage, Portuguese President, Marcelo Rebelo de Sousa, has added his voice...

VenturesNow3 hours ago

Nigeria’s antigraft agency EFCC may try 300 forex racketeers

The Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-corruption body, could go after 300 forex criminals who trade on a...

Tech3 hours ago

Institute calls for responsible social media usage among youths

Smart Zambia Institute has reiterated the importance of youths to use social media responsibly. Senior Business Applications Officer at the...

Politics3 hours ago

Digital Rights: Policy enthusiast, Jere, advocates self-regulation as alternative to govt regulations

Copperbelt businessman and mining policy advocate, George Jere, has highlighted the importance of self-regulation in the expanding digital media landscape,...

VenturesNow5 hours ago

Dangote refinery drops diesel price further, but the wait continues for retail consumers

Barely weeks after crashing the prices of diesel and aviation fuel by about 30% in the country, Nigeria’s private Dangote...

Musings From Abroad5 hours ago

British PM Sunak remains adamant over migration deal with Rwanda

British Prime Minister, Rishi Sunak, has remained adamant on the controversial migration deal, promising to start sending asylum seekers to...

Culture19 hours ago

Egypt reclaims 3,400-year-old stolen statue of King Ramses II

Egypt has received a 3,400-year-old statue depicting the head of King Ramses II that was stolen and smuggled out of...

Trending