Author: David Great

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has reiterated the Commission’s commitment to holding corrupt individuals accountable and ensuring that victims of fraud receive restitution. Olukoyede made this known at a summit on asset recovery organized by the Ministry of Justice in Abuja on Tuesday, May 27, 2025. The event, themed “Synergizing Towards an Effective Asset Recovery and Management and Unveiling of National Central Database of Forfeited Assets and Proceeds of Crime (POCA) Regulations 2024,” brought together key players in Nigeria’s anti-corruption efforts. Olukoyede, represented by the Director of Proceeds of Crime Management,…

Panic has gripped residents of Akure, the Ondo State capital, following the escape of nine patients from the Ondo State Neuropsychiatric Hospital. The incident, which occurred on Saturday, has sparked concerns over the hospital’s security infrastructure and the potential threat posed by the escapees to public safety. Sources within the hospital confirmed that the patients, who were undergoing psychiatric treatment, fled due to the poor security structure at the facility. One hospital staff member, who requested anonymity, described the situation as dangerous and called on the state government to urgently intervene. “Where we usually keep them is not that secured.…

A Lagos Special Offences Court sitting in Ikeja has sentenced two oil marketers, Mamman Nasir Ali and Christian Taylor, to 14 years imprisonment each for their roles in a N2.2 billion oil subsidy fraud. Justice Mojisola Dada handed down the judgment on Tuesday, May 27, 2025, following their re-arraignment on an amended 57-count charge bordering on conspiracy to obtain money by false pretence, forgery, and the use of false documents. The charges were brought against them alongside their company, Nasaman Oil Services Limited. The defendants, who initially faced a 49-count charge, were dragged before the court by the Economic and…

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),’”…