Author: David Great

The Federal Government has disclosed that the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) recovered a combined total of $967.5 billion and N277 billion in cash and assets during 2024. Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, made this known on Tuesday during the Asset Recovery Summit held at the Ministry of Justice in Abuja. The event also featured the unveiling of the National Central Database of Forfeited Assets. According to Fagbemi, the EFCC led the effort by recovering over N248 billion, $105 million, and…

President Bola Tinubu has formally requested the National Assembly’s approval for a significant new external borrowing plan totaling over $21.5 billion, as well as the issuance of a domestic bond worth ₦757.9 billion aimed at clearing outstanding pension liabilities. The President’s requests were contained in three separate letters transmitted to the National Assembly and read on the floor of the House of Representatives by Speaker Tajudeen Abbas on Tuesday. In one of the letters, Tinubu sought approval for the creation of a foreign currency-denominated issuance programme within the domestic debt market. The proposed $2 billion capital raise will be managed…

By Oluwafemi Popoola Nigeria’s democratic journey, though turbulent and often imperfect, has managed to retain a delicate balance of political pluralism since the advent of the Fourth Republic in 1999. But in recent months, I have watched with growing alarm as the administration of President Bola Ahmed Tinubu and the ruling All Progressives Congress (APC) appear to be charting a dangerous course — one that suggests a deliberate, systematic drift toward a one-party system. Since Tinubu assumed office in 2023, there has been a discernible consolidation of political power within the APC. The ruling party seems to be tightening its…

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Friday, May 23, 2025 arraigned the trio of Samuel Ihechukwu, Fabian Chizaram and Kingsley Kelechi Ejim, who are employees of one of the first generation bank, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos. They were arraigned alongside their accomplices, Hanna Okunlola Adesokan, Hamza Zakariya, Achionu Chukwuka Ubaku and Sunday Osademe on an eight-count charge bordering on alleged conspiracy and obtaining under false pretence to the tune of N8.5bn (eight billion, five million naira only). One of the counts reads: “That you…

The Federal Capital Territory Authority (FCTA) has sealed the National Secretariat of the Peoples Democratic Party (PDP) in Abuja due to a long-standing failure to pay ground rent. The property, located in Zone 5 of the Federal Capital Territory, was shut down on Monday by the FCTA, marking the end of a 28-year period of non-payment. Lere Olayinka, spokesperson for the Minister of the Federal Capital Territory, Nyesom Wike, confirmed the development to DAILY POST. According to Olayinka: “FCTA seals PDP Secretariat in Zone 5 Abuja. It was revoked for not paying ground rent.” He further revealed that: “Senator Samaila…

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The Saudi Arabian authorities have barred prominent Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, from completing the 2025 Hajj pilgrimage.  In a statement shared via his official Facebook page on Monday, Gumi revealed that despite being granted a visa, the Saudi authorities expressed discomfort with his presence during the pilgrimage. “Alhamdullilahi I’ve already completed my Hajj 2025 and I’m at home in our beloved country Nigeria. Allah said in Q2/196: ‘And accomplish the Hajj i.e pilgrimage and the Umra for Allah, but if you are prevented, (slaughter) the offering available with you (meaning, you are then free from Hajj or Umra),’”…

The Nigerian Police Force has arraigned Abuja-based legal practitioner, Victor Giwa, before the Federal Capital Territory High Court in Apo, Abuja, over allegations bordering on forgery and impersonation. According to a three-count charge marked CR/150/25 and filed by the Inspector General of Police, Giwa and a co-defendant identified as Bukola are accused of conspiring to forge an official document purportedly issued by the chambers of Chief Awa Kalu (SAN), with the aim of deceiving the Attorney General of the Federation. The charge states that the alleged forgery occurred on June 28, 2024. Prosecutors allege that the defendants fabricated and signed…

The Federal Capital Territory Administration (FCTA) on Monday sealed the premises of an Access Bank branch and a Total petrol station located in Zone 6, Wuse, Abuja, over non-payment of ground rent spanning 34 years. According to official documents, the property housing Access Bank is allocated to Rana Tahir Furniture Nigeria Limited and not directly to the bank itself. A letter dated March 13, 2025, and signed by FCTA’s Director of Land Administration, Chijioke Nwankwoeze, revealed that the FCT Minister exercised powers under the Land Use Act No. 6 of 1978 to revoke rights to the land. “The Minister of…

Chelsea sealed a return to the UEFA Champions League after a two-year absence, edging Nottingham Forest 1-0 in a tense Premier League showdown at the City Ground. The result confirms a top-four finish for Enzo Maresca’s men, while Forest must settle for a UEFA Conference League place. In front of a raucous home crowd, Forest knew only a win would keep their Champions League hopes alive. Chelsea, equally aware that any slip-up could cost them the coveted fifth UCL spot, approached the match with caution. The early stages saw Forest pressing with energy, but without testing Chelsea goalkeeper Robert Sánchez.…