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biztellersng · 2 years

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The Borno State Police Command has spoken on the report that presidential candidate of the Peoples Democratic Party, Atiku Abubakar was attacked in the state. This came after Dino Melaye, a PDP leader, reportedly claimed that Atiku's convoy was attacked on Wednesday when he disembarked at the rally's location in Borno State. Melaye said “over 100 vehicles were allegedly vandalised by hoodlums from different political parties and about 74 persons hospitalised.” He said, “The news of the attack on Atiku Abubakar’s convoy was not only fake but a false and mischievous attempt at confusing Nigerians. ASP Sani Shatambaya, the state police public relations officer, told reporters on Wednesday that the alleged attack was untrue. “There was no attack on Atiku’s convoy.” Also, the chairman, Borno State chapter of the All Progressives Congress, Ali Dalori, also denied that the party sent thugs to attack Atiku’s convoy in reaction to Melaye’s allegation. “I am disappointed by the allegations made by Dino Meleye that some APC thugs attacked Atiku’s convoy while in Maiduguri for their presidential campaign rally,” Dalori reacted on phone. “We all know that since Governor Babagana Zulum took over the mantle of leadership, in his acceptance speech, he announced a ban on all political thuggery across the state,” he stressed.

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unclesuru · 5 years

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Galaxy boss arrested over N7bn Ponzi scheme

Galaxy Transportation and Construction Services Limited Boss, Babagana Dalori, has been arrested over a N7bn Ponzi scheme he planned and executed.

Dalori who who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies, had incorporated the firm in 2012 with one tricycle (Keke NAPEP), which, through…

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#Babagana Dalori #news #Ponzi Scheme

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saynaija · 5 years

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How Galaxy Boss Pulled-off N7bn Fraud on Nigerian Investors

How Galaxy Boss Pulled-off N7bn Fraud on Nigerian Investors

The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of…

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#Babagana Dalori #Economic and Financial Crimes Commission #EFCC

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upshotre · 5 years

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Borno farmers count losses, as flood submerges 4,000 hectares rice fields

Rice farmers in Borno, on Friday, recounted ordeals as 4,000 hectares of rice farms were submerged as a result of the released of excess water from the Aloa Dam located in the outskirts of Maiduguri, the state capital. Thousands of hectares of rice fields wilted due to flood at Dusuman, Zabalmari, Kachallari, Bulatamari, and Gongolon illages. Some of the affected farmers at Dusuman and Zabalmari rice fields in Jere Local Government Area of the state said that they were still counting their losses and trying to come to terms with the situation. The farmers called on the Federal and Borno State Governments to assist them salvage what was left and guard against further losses. Malam Usman Lawan, a rice grower, said that he had cultivated his three hectares of rice field in July, lamenting that water from the dam submerged the field, making it difficult for the plants to yield. Lawan said that he had received support of farm inputs under the Federal Government’s Anchor Borrower Programme (ABP), and spent so much on farm clearing and planting during the cropping season. “As you can see, my entire farm and adjourning farmlands were submerged by water following released of excess water from the Aloa Dam. “The plants germinated well and we anticipated high yields but water from the river submerged the farmlands due to the release of excess water from the dam. “We lost our investments because the plants wilted and could not yield in a flooded field,” lawan lamented. Yerima Bunu and Bulama Bana, who narrates same ordeal, said that their rice farms and other crops, planted in low land areas, were also submerged by the water. Bana said that he lost three out of the four hectares of farmlands cultivated at Zabalmari plantation to the flood. He noted that the trend had forced farmers to relocate and plant on high level plains in far distant areas, risking attacks by Boko Haram insurgents. Alhaji Bulama Dalori, the Ward Head of Dusuman farming community, disclosed that the disaster affected about 2,000 hectares of farmlands, cultivated by over 1,000 farmers in the community. Dalori added that the affected farmers were earlier displaced from their homes as a result of insurgency and had to be resettled at Dususman. While lauding the military and members of the Civilian Joint Task Force (CJTF) over their protection of farmers, Dalori called for the deployment of additional troops to enable them cultivate farmlands at higher altitude fields. Also, Alhaji Lawan Mohammed, the District Head of Dususman, described the damaged caused by the flood as “colossal”, and called on the authorities at all levels of government to assist the affected farmers. Mohammed also urged government to enhance distribution of fertiliser and other farm inputs to farmers, to enable them engage in dry season activities to boost food production and achieve national food security. Mr Bulama Shu’aibu, the Supervisor of the Koila Prime Anchor, one of the Central Bank of Nigeria’s (CBN), certified agent of the ABP, revealed that 10, 430 farmers were supported under the programme this cropping season in Jere Local Government Area of the state alone. Shuaibu explained that each of the benefiting farmers received fertilser, seeds and chemicals, while the company provided tractor services and money for farm labour activities. He said that the farmers cultivated about 11, 000 hectares of rice fields, lamenting that over 4, 000 hectares of rice farms were submerged by flood. “We supported farmers in Jere where there is peace, unfortunately flood submerged the plantations. “We have sent report to the CBN and Bank of Agriculture (BOA) over the flood disaster ravaging rice fields,” he added. Also commenting, Mr Kabiru Wanori, the Commissioner of Environment, said that Gov. Babagana Zulum, had directed the ministry to conduct an Environmental Impact Assessment (EIA) study and map out strategies to check perennial flood in the state. Wanori added that the ministry had also conducted sensitization activities to create awareness to check indiscriminate dumping of waste on drains and erection of structures on water ways to control flood in the state. Read the full article

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edisonashley · 5 years

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Babagana Dalori, Galaxy CEO Arrested By EFCC

The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies.

The post Babagana Dalori, Galaxy CEO Arrested By EFCC appeared first on Lawyard.

Babagana Dalori, Galaxy CEO Arrested By EFCC published first on https://immigrationlawyerto.weebly.com/

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365news · 5 years

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Galaxy CEO Babagana Dalori’s N7b Bubble Collapses

Galaxy CEO Babagana Dalori’s N7b Bubble Collapses The Economic and Financial Crimes Commission (EFCC) has given an insight into how Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Mr Babagana Dalori, built a N7billion Ponzi scheme over seven years. The bubble has now burst. Dalori has been arrested and 27,400 Nigerians have lost their investments. Dalori had lured them into investing in his companies, promising irresistible returns. The commission’s acting publicity secretary, Mr Tony Orilade, said Dalori took off with his Ponzi idea, by incorporating a firm in 2012, with the asset being a tricycle (Keke NAPEP). By pooling investments from members of the public, the firm later boasted of 50 tricycles. “The entrepreneur later diversified into other business ventures while promising mouth-watering returns to investors. “The commission’s investigators discovered that Dalori initially paid 200 per cent interest on investors’ deposits in the firm and later reduced the interest to 135 per cent before the scheme crashed in 2018. “To get as many unsuspecting victims into his ponzi net, Dalori engaged in massive advertisements on radio and television, including a production of a movie by A-list Nollywood actors. “Unfortunately, his gimmicks paid off as different people took their hard-earned savings, inheritance, pensions and other sources of income and invested in Galaxy. “Now, the scheme has crashed and investors can no longer get their money. “At the moment, he has used the investors money to incorporate different entities without getting their consent. “He now has Galaxy Global Energy Concept Ltd, Galaxy Miners Concept Ltd, Galaxy Global Farms, Galaxy Computers, Galaxy Block Making Factory, Galaxy Hospital and Galaxy Hotel.” According to Orilade, all bank accounts belonging to Galaxy have been frozen in order to prevent further dissipation of investors’ funds, pending the conclusion of investigation. Read the full article

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nanoscroll-blog · 5 years

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Chief Executive Officer of Galaxy arrested over N7bn Ponzi scheme . . EFCC has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, #Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies. . . Dalori had incorporated the firm in 2012, with one tricycle (Keke NAPEP), which, through pool investments by members of the public, later boasted of 50 tricycles. . . The entrepreneur later diversified into other business ventures while promising mouth-watering returns to investors. The Commission’s investigators discovered that Dalori initially paid 200% interest on investors’ deposits in the firm and later reduced the interest to 135% before the scheme crashed in 2018. . . To suck as many unsuspecting victims into his ponzi net, Dalori engaged in massive advertisements on radio and television, including a production of a movie by A-list Nollywood actors, which aimed at convincing members of the public to invest in his companies. . . He specifically organized some actors and actresses in Kannywood to act in a movie called “Zero Hour” to show the need for people to invest in Galaxy. . . “Unfortunately, his gimmicks paid off as different people took their hard-earned savings, inheritance, pensions and other source of income and invested in Galaxy. Now, the scheme has crashed and investors can no longer get their money. . . He used the investors money to incorporate different entities without getting their consent. He now has Galaxy Global Energy Concept Ltd, Galaxy Miners Concept Ltd, Galaxy Global Farms, Galaxy Computers, Galaxy Block Making Factory, Galaxy Hospital and Galaxy Hotel.” . . Dalori’s modus-operandi is typical of those of Nigerian wonder banks, by accepting deposits from members of the public when his company is not a licensed financial institution, the suspect and his company have committed a criminal act punishable by the Banks and Other Financial Institutions Act. . . At the moment, all bank accounts belonging to Galaxy have been frozen in order to prevent further dissipation of investors’ funds. https://www.instagram.com/p/BwobJ5khbcv/?utm_source=ig_tumblr_share&igshid=8zcdoz5hzkdc

#babagana

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pcafrica-blog · 5 years

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Galaxy boss arrested over N7bn Ponzi scheme💬 EFCC has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, #Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies. Dalori had incorporated the firm in 2012, with one tricycle (Keke NAPEP), which, through pool investments by members of the public, later boasted of 50 tricycles. The entrepreneur later diversified into other business ventures while promising mouth-watering returns to investors. The Commission’s investigators discovered that Dalori initially paid 200% interest on investors’ deposits in the firm and later reduced the interest to 135% before the scheme crashed in 2018. To suck as many unsuspecting victims into his ponzi net, Dalori engaged in massive advertisements on radio and television, including a production of a movie by A-list Nollywood actors, which aimed at convincing members of the public to invest in his companies. He specifically organized some actors and actresses in Kannywood to act in a movie called “Zero Hour” to show the need for people to invest in Galaxy. Unfortunately, his gimmicks paid off as different people took their hard-earned savings, inheritance, pensions and other source of income and invested in Galaxy. Now, the scheme has crashed and investors can no longer get their money. He used the investors money to incorporate different entities without getting their consent. He now has Galaxy Global Energy Concept Ltd, Galaxy Miners Concept Ltd, Galaxy Global Farms, Galaxy Computers, Galaxy Block Making Factory, Galaxy Hospital and Galaxy Hotel. Dalori’s modus-operandi is typical of those of Nigerian wonder banks, by accepting deposits from members of the public when his company is not a licensed financial institution, the suspect and his company have committed a criminal act punishable by the Banks and Other Financial Institutions Act. At the moment, all bank accounts belonging to Galaxy have been frozen in order to prevent further dissipation of investors’ funds. Dm for paid advert (at Lagos State) https://www.instagram.com/p/BwoP37tlhEp/?utm_source=ig_tumblr_share&igshid=tsn2aui5jf8c

#babagana

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africaprimenews · 4 years

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Zulum Condoles With Shehu of Borno over Shehu Of Bama's Passage

Zulum Condoles With Shehu of Borno over Shehu Of Bama’s Passage

Governor Babagana Umara Zulum, Tuesday led top Government functionaries including former Governor Kashim Shettima, Senator Mohammed Ali Ndume, State APC Chairman Ali Bukar Dalori and few members of the State Executive Council on a visit to the Shehu’s palace on condolence.

Shehu of Bama, Kyari Ibn Umar Elkanemi, died on Monday after a brief illness.

Chief Imam of Borno, Zannah Laisu, moderated a…

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akokosblog-blog · 5 years

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Natural Disasters Consumed your Returns, Firm tells Investors

Management of Galaxy Transportation and Constructions Services Limited has accused natural disasters in Abuja and Jere in Kaduna state, of being responsible for its inability to make returns to investors for five months.

The investors had accused the company of running a fraudulent business after it failed to settle their…

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#abuja #EFCC #Kaduna

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aniekanekah · 5 years

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Court Orders Detention Of Dalori For Alleging Diverting $2.8m, N6.5bn, Investors’ Funds

The Federal High Court in Nyanya, Abuja has ordered the detention of the Managing Director/Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Abba Dalori, in the custody of the Economic and Financial Crimes Commission (EFCC).

Justice Muawiyah Idris gave the order while ruling on a bail application brought before the court by his (Dalori’s) counsel,…

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adolaonline · 5 years

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Court orders detention of Dalori, Galaxy Boss, for diverting $2.8m, N6.5bn

Justice Muawiyah Idris of the Federal Capital Territory, FCT, High Court, Nyanya, has ordered the detention of Babagana Abba Dalori, Managing Director/Chief Executive Officer of Galaxy Transportation and Construction Services Limited, in the custody of the Economic and Financial Crimes Commission, EFCC for diverting $2.8million and N6.5billion of investors’ funds.

Babagana Abba Dalori

Justice…

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stupendousrebelpuppy · 5 years

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In Nigeria, Dalori, Galaxy construction MD in court for fresh N95b fraud

EFCC, on Monday arraigned Babagana Abba Dalori, with his firm Galaxy Transportation and Construction Services for N95.53 billion fraud.

Source: Dalori, Galaxy construction MD in court for fresh N95b fraud | The ICIR

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saynaija · 5 years

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Galaxy: The Unveiling of a Voodoo Tycoon By Tony Egbulefu

For 28 years, Babagana Abba Dalori lived a quiet and dreary life. With all the risks to lives and limbs in his native Borno State, North-east Nigeria, he wished above all things to graduate safe and alive from the Electrical and Electronics Department of University of…

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#Babagana Abba Dalori

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theleadernews · 5 years

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EFCC arraigns galaxy boss on fresh N95m fraud charge

The Economic and Financial Crimes Commission, EFCC, has arraigned Babagana Abba Dalori and his Company, Galaxy Transportation and Construction Services, on fresh 12-count charge. The accused is charged for breach of trust and obtaining by false pretense, totaling ninety-five million five hundred and thirty thousand naira (95,530,000.00) before Justice Muawiyah Baba Idris of the Federal […]

The post EFCC arraigns galaxy boss on fresh N95m fraud charge appeared first on The Leader Newspaper Online.

from WordPress https://theleaderassumpta.com/2019/09/02/efcc-arraigns-galaxy-boss-on-fresh-n95m-fraud-charge/

#NATIONAL NEWS

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ihunanya5-blog · 5 years

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EFCC: After 97 days, court grants Dalori, MD Galaxy bail

Justice Venchak Gaba of the High Court of the Federal Capital Territory (FCT), sitting in Kwali, has granted bail to the Managing Director and Chief Executive of Galaxy Transportation and Construction Services Ltd, Babagana Abba Dalori on the condition that he signs a N5 million bond.

Delivering ruling on the bail application filed by counsel to Dalori, Chief Joe Kyari Gadzama (SAN), on…

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