The Federal High Court in Abuja, on Tuesday, reduced the bail conditions it earlier imposed on a former Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, in respect of his ongoing trial on corruption charges.
Justice Okon Abang reduced the bail sum from N1bn to N500m.
The judge issued this fresh directive in a ruling on Maina’s application for review of the conditions of the bail earlier granted by the court on November 26, 2019.
Also on Tuesday, the court varied the aspect of the earlier ruling requiring the defendant to produce as sureties two serving senators who owned landed assets worth N500m each in the highbrow Asokoro or Maitama, Abuja.
With the court’s ruling on Tuesday, the defendant will now have to provide only one serving senator with property worth N500m in either Asokoro, Maitama, Wuse II, Central Business District or Katampe, Abuja.
Nigeria records 304 new Covid-19 cases, toll now 44,433
The Nigeria Centre for Disease Control (NCDC) has confirmed 304 new cases of COVID-19 in the country, bringing the total number of COVID-19 infection to 44,433.
The NCDC made this known via its verified Twitter handle on Tuesday.
“304 new cases of #COVID19Nigeria; FCT-90 Lagos-59 Ondo-39 Taraba-18 Rivers-17 Borno-15 Adamawa-12 Oyo-11 Delta-9 Edo-6 Bauchi-4 Kwara-4 Ogun-4 Osun-4 Bayelsa-3 Plateau-3 Niger-3 Nasarawa-2 Kano-1.”
304 new cases of #COVID19Nigeria;
Bristow Helicopters sacks 100 pilots and engineers
No fewer than 100 pilots and engineers have been sacked by Bristow Helicopters.
This is coming barely 24 hours after Air Peace sacked scores of pilots across its fleet while slashing staff salaries by up to 40 per cent.
This was contained in a statement released by the airline company on Tuesday, August 4.
The company disclosed the workers were layed off due to the effect of the Coronavirus pandemic on its operations.
The aviation company which described the sack as “painful”, said it engaged with the National Association of Aircraft Pilots and Engineers (NAAPE) to negotiate a fair and equitable redundancy compensation for those affected.
The statement partly read;
“This decision has not been made lightly, but having considered the state of the business and the very serious constraints caused by the spread of the COVID-19 disease and the downturn in the oil and gas market, the company must now take this painful, but decisive step to ensure the continuity of its business and delivery of essential services to its clients.
“One of these measures includes the right-sizing of the business to ensure that the company has the optimal level of personnel to continue the safe delivery of its services to its clients, whilst allowing the appropriate capacity for future growth.
“Accordingly, and with much regret, the company has taken the very difficult decision to release over 100 pilots and engineers (both National and Expatriates) over the next couple of weeks.”
Texas man jailed for spending Covid-19 loans on lamborghini, strippers
Lee Price III, a Texas man who spent a $200,000 Lamborghini Urus with COVID-19 loans and the and the rest of the cash on strippers, got a slower ride to jail on Tuesday, August 4.
This was after US authorities arrested him for using $1.6 million in government pandemic aid to go on a spending spree.
Lee Price III, 29, was charged with fraud after he secured two government loans under the Paycheck Protection Program to pay employees he did not have, the Justice Department said in a statement.
Instead, he spent the funds on lavish goods like a sports car and a Rolex watch, as well as real estate, an F-350 pickup truck, and thousands of dollars at Houston strip clubs, the statement said.
Price secured two loans: Price Enterprises Holdings allegedly received more than $900,000, while 713 Construction was approved for over $700,000.
Neither firms has employees and “the individual listed as CEO on the 713 Construction loan application died in April 2020, a month before the application was submitted,” according to the complaint.
Congress approved the PPP program in late March to help small businesses survive the coronavirus pandemic, granting loans that could be forgiven if they were used to pay wages, rent and utilities.
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