Author: Staff Editor
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has disclosed that the Commission places a premium on commending upright Nigerians who uphold anti-corruption values, while also holding fraudulent individuals accountable for their criminal activities. He made this disclosure in Abuja on Wednesday, April 29, 2026, while delivering a speech at the Business Grant Award Ceremony convened by the Jerry Eze Foundation. The EFCC boss narrated how the Commission investigated Jerry Eze, Founder of Streams of Joy International, over allegations of money laundering for six months, and found no evidence linking him to any financial…
President Bola Tinubu has removed Saidu Mohammed as the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement issued on Tuesday, Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced that Tinubu has also nominated Rabiu Umar as the new CEO of the authority. According to the statement, “the decision was taken in line with the provisions of the Petroleum Industry Act 2021 and is aimed at strengthening regulatory effectiveness in the midstream and downstream petroleum sector, in line with the Renewed Hope Agenda.” “Umar is a seasoned executive with…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has called on universities across the country to urgently integrate Artificial Intelligence (AI) into their ethical and financial management systems as a transformative tool to combat corruption, enhance accountability, and restore public trust. Olukoyede made the call in Kano on Tuesday, April 28, 2026, in a keynote address at the opening ceremony of the 8th Biennial Conference of the Committee of Pro-Chancellors of State Universities in Nigeria (COPSUN). Describing AI as a “necessary defence,” the EFCC boss warned that the Nigerian university system cannot afford to…
The Zonal Director of Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Bawa Usman Kaltungo, on Tuesday told a Special Offences Court sitting in Ikeja, Lagos, that Arik Air Nigeria Limited had repaid 38 per cent of its foreign loan obligations to creditors before its takeover by the Asset Management Corporation of Nigeria (AMCON). Kaltungo gave the testimony while being led in evidence-in-chief by EFCC counsel, Dr Wahab Shittu, SAN, in the ongoing trial over an alleged N76 billion and $31.5 million fraud case involving former AMCON Managing Director, Ahmed Kuru, and four others. Kuru is…
A Commissioner of Police, Eloho E. Ekpoziakpo, on Tuesday, April 28, 2026, told a Federal Capital Territory (FCT) High Court sitting in Maitama, Abuja, that investigations into the alleged fraudulent withdrawal of $6.23 million from the Central Bank of Nigeria (CBN) revealed that the payment was made with the approval of former CBN Governor, Godwin Emefiele. Ekpoziakpo, who testified as Prosecution Witness 14 (PW14) before Justice Hamza Mu’azu, made the disclosure while giving evidence in the ongoing trial of Emefiele on an amended 20-count charge bordering on criminal breach of trust, forgery, abuse of office, and conspiracy to obtain by…
Reactions have continued to trail the Supreme Court’s judgment in the Nestoil dispute concerning a receiver’s attempt to challenge the company’s legal representation, a ruling that has sparked renewed debate on insolvency practice and the limits of receivership powers in Nigeria. While some commentators view the decision as a reaffirmation of settled legal principles, others have described it as a watershed moment for insolvency jurisprudence and broader adjectival law in Nigeria. In his judgment delivered on 10 April 2026, Justice Emmanuel Akomaye Agim strongly condemned the application brought to disqualify the company’s legal representatives, describing it as “clearly a scandalous…
Human rights activist Omoyele Sowore has publicly criticised former Attorney-General of the Federation, Abubakar Malami, stating that he is now experiencing the same judicial challenges he once defended while in office. The confrontation occurred on Monday at the Federal High Court, where Malami appeared amid ongoing legal proceedings. In a video that has since circulated online, Sowore addressed the former AGF directly, accusing him of dismissing earlier criticisms of Nigeria’s justice system during his tenure under former President Muhammadu Buhari. According to Sowore, Malami had previously defended the system despite warnings about its shortcomings. “You see how it feels now…
A Federal High Court sitting in Abuja on Monday granted an application for the joinder of the Accord Party (AP), Zenith Labour Party (ZLP), Action Alliance (AA), and Action Peoples Party (APP) in the deregistration suit filed by the National Forum of Former Legislators (NFFL). The ruling by the trial judge, Justice Peter Lifu, has cleared the stage for the full hearing of the suit filed by the former legislators, seeking to deregister the ADC, Accord, ZLP, APP, and AA. In his ruling, the court held that the amendment was necessary to formally bring all affected parties before it, as…
Proceedings in the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, may face fresh delays due to uncertainty surrounding the availability of a key prosecution witness. Sources familiar with the matter indicate that the prosecution team may soon inform the Federal Capital Territory (FCT) High Court that Jim Obazee, a special investigator appointed by President Bola Tinubu, is currently unavailable to testify in the case. His testimony is linked to allegations involving a $6.23 million discrepancy connected to the CBN’s Abuja branch. The development is expected to prompt yet another request for adjournment in the already…
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to content creators and members of the public over the unauthorized use of its name, logo, uniforms, and other official symbols in online skits and digital productions. The anti-graft agency raised concerns following what it described as a growing trend of creators featuring the Commission in comedy skits and other forms of online content without obtaining proper approval. According to the EFCC, many of these portrayals misrepresent the agency’s core values and standard operating procedures. In a video shared on its official X (formerly Twitter) handle, the Commission…