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Court Orders Public Summons For Oxford International Group Officials Teniola Adesanya And Precious Ogun-Micheal Over  N30 Billion Investment Scam

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The two counts charge  of operating illegal  business organisations filed against two officials of Oxford International Group Ltd Mr Teniola Adesanya and Mrs Precious Ogun -Micheal and thier company and five other companies by the  Federal Government of Nigeria has been adjourned till,8th of May2025 for  arraignment.


Meanwhile,the presiding Judge,Dehinde Dipeolu has granted an order  directing the publication of a public summons via the following means:


    By publishing the Public Summons in a national newspaper circulating  within Nigeria,or, By affixing the same on a  conspicuous part of the Defendants Last known  Addresses,or By affixing same on a conspicuous part of this Honourable Court
  The defendants are facing a Two Count Charge bothering on Criminal Conspiracy and Offering for Subscription an unregistered Collective Investment Scheme.


    The 6th and 7th Defendants Teniola Adesanya and Mrs Precious Ogun Micheal failed to appear in court for their Arraignment.
   In view of the failure of the 6th and 7th defendants to appear before this  Court, a bench warrant was issued against the defendants to appear before the court on 28th Day of October, 2024.


    The 6th and 7th defendants have since been evading the Warrant of Arrest issued by this Honourable Court and thereby frustrating the administration of justice.  The defendants are deliberately avoiding court appearances and services and have refused to make themselves available for service.

      The two counts charge as filed before a Federal high court in Lagos by the Deputy Director,Barrister Moshood Adeyemi from the office of the Attorney General of the Federation and minister of Justice are stated below.




COUNT 1

That you Oxford international Group ltd, Oxford Green Farms Integrated Ltd, Oxford Dredging Ltd,Oxford Real Estate& Facility Management  Services Ltd,Oxford Commercial Services International Ltd,all of Plot 155,A Close,3rd avenue,Gowon Estate,Egbeda,Lagos Mr.Teniola  Adesanya, of 25,Duduyemi Street Lagos,and Mr Precious Ogun -Micheal of 9B Close Gowon Estate,Egbeda Lagos  on or between the year 2019 and 2022 within the jurisdiction of this court did commit a felony to wit: Conspired amongst yourselves together with your staff to do an illegal act to lure and offer for subscription an unregistered collective investment schemes namely: Buildvest, Mortgagevest, Agrovest and Dredgevest valued over N30 Billion to the unsuspecting general public including Oyewumi Kazeem, Temitope Grace Obalade, Mrs Lotahukwu Nnamdi-Okafor, Ernest Essuman, Iwunze Henry and others.
You thereby committed an offence contrary to and punishable  under section 516 of the criminal code Act,Laws of the Federation of Nigeria, 2004

Count 2

“That you Oxford International Group Ltd, Oxford Green Farms Integrated ltd, Oxford dredging ltd, Oxford Real Estate & Facility Management Services ltd, Oxford Commercial Services International ltd all of Plot 155, A Close, 3rd Avenus, Gowon Estate, Egbeda, Lagos, Teniola Adesanya of No 25, Duduyemi street, Egbeda, Lagos and Precious Ogun-Micheal of No 9 B close Gowon Estate, Egbeda, Lagos, on or between the year 2019 and 2022 within the jurisdiction of this Honourable Court did commit a felony to wit: lured and offered for subscription an unregistered Collective Investment Schemes namely: Buildvest, Mortgagevest, Agrovest and Dredgevest all valued over N30 Billion to the unsuspecting general public including Oyewumi Kazeem, Temitope Grace Obalade, Mrs Lotachukwu Nnammdi-Okafor,
Emest Essuman, Iwunze Henry and others.
    You thereby committed an offence contrary to and punishable under section 54 of the Investment and services Act, 2007.

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FG reforms NYSC, replaces military leadership, redesigns uniform

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The Federal Executive Council has approved a comprehensive overhaul of the National Youth Service Corps, marking the first major restructuring of the scheme since it was established 53 years ago.The reforms, approved at the FEC meeting in Abuja on Monday, are aimed at repositioning the NYSC into a skills-focused, productivity-driven institution aligned with the Federal Government’s economic agenda.A key aspect of the reform is a change in the leadership structure of the scheme, with the NYSC set to be headed by a civilian, while the military will continue to provide security for corps members nationwide.The council also directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and relevant regulations to provide legal backing for the approved changes and enable their implementation.

Announcing the approval on X, the Minister of Youth Development, Ayodele Olawande, described the reforms as the first holistic review of the scheme in its 53-year history.He said, “We are transforming the Scheme into a platform that not only unites Nigeria but also equips our young people with the skills, experience and opportunities they need to thrive in a fast-changing world.”

Olawande said the approved reforms would reposition the scheme as “a skills-driven, productivity-focused and youth-empowering institution that aligns with President Bola Tinubu’s vision of building a $1 trillion economy.”

According to him, the reforms include “a technology-driven call-up process, risk-sensitive deployment to better protect corps members, a redesigned six-week orientation programme with stronger focus on leadership, entrepreneurship, digital skills and specialised career streams, skills-based primary assignments aligned with academic background and career pathways, modern governance with civilian operational leadership while the military continues to provide security support, improved camp standards through a national grading and certification system, and a new graduation ceremony to replace the Passing Out Parade, alongside a redesigned NYSC uniform that reflects professionalism and national pride.”Olawande said the reform process began in 2025 through a broad-based review involving the Federal Ministry of Youth Development, the Federal Ministry of Education and the Office of the Special Adviser to the President on Policy and Coordination before receiving FEC approval.He added, “This is more than a reform of an institution. It is an investment in Nigeria’s greatest asset, our young people. The future of the NYSC begins now, and it is brighter, more relevant and more impactful than ever.”Established in 1973 following the Nigerian Civil War, the NYSC was created to promote national unity by deploying graduates to states outside their regions of origin for one year of compulsory national service.The latest reforms represent the first comprehensive review of the scheme since its creation, with the Federal Government saying the changes are designed to make the institution more relevant to Nigeria’s contemporary economic and youth development needs.

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PRESIDENT SWEARS IN NEW COMMISSIONERS FOR RMAFC, NPC

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President Bola Tinubu has sworn in new Commissioners for the National Population Commission (NPC) and the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).The ceremony took place before the commencement of the Federal Executive Council meeting, this Monday. Former chairman, National Hajj Commission, Abdullahi Mukhtar Mohammed from Kaduna state and Amina Gamawa representing Bauchi took oath of office as federal commissioners for the revenue commission. Six new Commissioners were inaugurated for the population commissioner. They are Kolawole Oladipupo Alabi – Ekiti State, Nasiru Mu’azu – Zamfara State, Isaka Alada Yahaya – Kwara State, Prof. Sadiq Isah Radda – Katsina State, Suleiman Umar – Jigawa State and Chiso Abdullahi Dattijo from Sokoto State.

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Governor Dauda Lawal Chairs Security Council Meeting, Vows Unprecedented Support for Frontline Troops

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Governor Dauda Lawal of Zamfara State has reaffirmed his administration’s unwavering resolve to back security forces in the ongoing campaign against insurgency, banditry and other violent crimes plaguing the state.Presiding over the weekly State Security Council meeting on Thursday, June 25, at the Government House in Gusau, the governor convened the state’s top security brass for a high-level strategic session aimed at recalibrating the state’s counter-insurgency approach.In a terse but firm statement, Governor Lawal disclosed that deliberations centered on reinforcing troop deployments in high-risk zones, fast-tracking intelligence-sharing mechanisms and overhauling rapid-response protocols to better safeguard civilian populations.”I want to make it clear to every service commander in this room; the welfare and operational readiness of our troops remain non-negotiable. My administration stands ready to authorize every required resource logistical, material and otherwise to ensure they operate at full capacity,” Lawal declared.The governor underscored that his foremost priority remains the restoration of lasting peace across Zamfara and he assured security chiefs of his open-door policy, urging them to channel operational needs directly to his office without bureaucratic bottlenecks.With the meeting concluding, sources indicate that concrete action plans are being finalized to boost joint task force patrols and community intelligence networks, signaling a renewed offensive push in the coming weeks.

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