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Obi faults Tinubu’s plan to borrow N17.9 trillion for 2026 budget

THE Labour Party presidential candidate in the 2023 election, Peter Obi, has criticised President Bola Tinubu-led administration’s plan to borrow N17.89 trillion in 2026.

Obi, who expressed worry over the development, described it as fiscally reckless and unjustifiable amid “unprecedented hardship, insecurity, and unemployment.”

His comments came on the heels of the government’s proposed plan to increase new borrowing from N10.42 trillion in 2025 to N17.89 trillion in 2026, amounting to a 72 per cent rise in fresh loans.

Despite only 30 per cent performance of the capital component of the 2025 budget, Nigeria’s National Assembly in November approved an additional 1.15 trillion naira ($784 million) in domestic borrowing to help fund a shortfall in the 2025 budget.

The incessant borrowings and the carryover of 70 per cent of the capital component of the 2025 budget have also raised several unanswered questions on fiscal responsibility by the Federal Government.

According to the Abridged Budget Call Circular issued by the Ministry of Budget and Economic Planning, revenue projections remain significantly lower than expenditure needs, widening the deficit and deepening concerns over debt sustainability.

Debt servicing is projected to consume nearly half of national revenue in 2026.

Reacting in a statement posted on his official X account on Friday, December 12, Obi said the borrowing plan raised urgent questions about transparency and fiscal responsibility.

“Today, Nigerians woke up again to the troubling news that the Federal Government is planning to borrow about ₦20 trillion in new loans to finance the 2026 budget. This is at a time when debt servicing alone is projected to gulp nearly half of our national revenue,” he wrote.

Obi questioned the status of government earnings for the current fiscal year.

“Where is the revenue from 2025? How can we be discussing trillions in new borrowing for 2026 when we are still implementing the 2024 budget?” he said, suggesting that the 2025 budget “is still untouched and unimplemented.”

He accused the government of engaging in “fiscal rascality,” arguing that rising loans were not being channelled into productive sectors.

“We cannot keep mortgaging the future of our children through thoughtless borrowing. Nations do not develop by consuming more than they produce. They develop by producing, exporting, and creating value,” he said.

The former Anambra State governor insisted that governance must prioritise transparency and accountability.

“We cannot tell Nigerians that revenue is increasing while simultaneously increasing borrowing to ridiculous historic levels. Our nation must move forward,” he maintained.

Also reacting to the planned borrowing, a development economist, Paul Alaje, said rising borrowing had not resulted in the improved implementation of the national budget, despite the rising revenue improvement by revenue-generating agencies.

“The instruction by the government to carry over 70 per cent of the capital component of the budget means that the national contributions to GDP are only 30 per cent. We borrow, and we are paying interest on the borrowed funds, and it’s affecting our economy.

“It’s not good for us to keep having this in the coming year. It means that the excitement over planned infrastructure projects, like road infrastructure, would be largely affected,” he added.

DisCos meter 106,822 new consumers, with 56.07% national coverage

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Electricity Distribution Companies (DisCos) operating in Nigeria metered a total of 106,822 customers in October 2025, achieving a 56.07 per cent national metering rate within the period.

This was captured in the latest Metering Factsheet released by the Nigerian Electricity Regulatory Commission (NERC) on Friday, December 12.

The factsheet supports transparency and keeps customers informed on the metering progress shaping Nigeria’s electricity market.

According to the Factsheet, the October metering rate was higher than the 80,943 customers metered in September.

The report also shows that the number of active electricity customers increased from 12,030,315 million recorded in September 2025, to 12,071,018 million in October 2025.

Cumulatively, the NERC report revealed that a total of 6,661,564 million customers were metered in September 2025, while a total of 6,768,386 million customers were metered in October 2025.

The report shows a great improvement from Aba (69.49 per cent to 78.20 per cent) and consistent gains from Abuja, Eko, Ikeja, and Ibadan. However, Eko and Ikeja remain the top performers with metering rates above 84 per cent.

The NERC Factsheet said that DisCos with metering rates below 50 per cent, including Enugu, Jos, Kaduna, Kano, and Yola, continue to meter new customers. However, accelerated rollout is still required to close the gap.

The NERC had earlier said that approximately 53.85 per cent of registered electricity customers across Nigeria were unmetered.

NERC, an independent regulatory body saddled with the responsibility of regulating the electric power industry in the country, disclosed this in its 2024 third quarter (Q3) report.

Petroleum retail owners fume as Dangote Refinery slashes petrol price to ₦699/litre

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DANGOTE Refinery has announced another sharp reduction in its petrol gantry price, cutting the rate by 15.58 per cent from ₦828 to ₦699 per litre, effective December 11, 2025.

This is not the first time the firm has adjusted price downwards this year; the latest adjustment marks about the 20th price review this year, reinforcing the refinery’s aggressive pricing strategy, as Nigerians rev plans for travelling this Yuletide season.

Informed sources at the refinery said the price was brought downward to ease transportation costs ahead of Christmas and New Year, when millions of Nigerians travel across states for the festivities.

They said the review aligned with the company’s commitment to make the season memorable for citizens and reduce cost pressures on road transport operators.

Meanwhile, fuel importers have countered the refinery. They alleged that its recent price reduction was carried out in bad faith.

The President of Petroleum Retail Owners Association of Nigeria, Billy Gillis-Harry, told The ICIR that the reduction could disrupt the market since there are some marketers who just purchased the product from other sources at nearly N900 per litre.

“We are yet to be officially notified on this. However, if it is true, this would lead to price and market disruption because many marketers bought at a higher margin from this price,” he said.

The latest announcement comes just days after the Dangote Group’s Chairman, Aliko Dangote, assured Nigerians that the refinery would keep fuel “reasonable and competitive” despite global market volatility and ongoing smuggling along Nigeria’s borders.

The ICIR reported in February that the firm reduced its ex-depot (gantry) price of petrol to N825 per litre, and there have been further reductions since.

The ex-depot price is at which the marketers buy the product at the refinery depots before putting their mark-up price for sales at filling station retail outlets.

Maryam Sanda: Supreme Court slams Tinubu, affirms death sentence

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The Supreme Court has overturned President Bola Tinubu’s decision to commute Maryam Sanda’s death sentence, ruling that the executive overstepped its authority by granting a pardon while her appeal was still before the courts.

In a judgment delivered on Friday, December 12, the court, through its judge, Moore Adumein, held that the Court of Appeal was right to affirm the trial court’s decision. 

 “It was wrong for the Executive to seek to exercise its power of pardon over a case of culpable homicide, in respect of which an appeal was pending,” Adumein said, adding that the presidential intervention was improper given the nature of the case.

The Supreme Court, in a split four–one decision, upheld the death sentence handed to Sanda by the Federal Capital Territory High Court and later affirmed by the Court of Appeal. 

The ICIR reports that Sanda was sentenced to death by a Federal High Court in Abuja in January 2020 for stabbing her late husband, Bilyaminu Bello to death in November 2017, following a domestic altercation at their Abuja residence.

Sanda, a mother of one, filed an appeal to the Court of Appeal in February 2020, challenging the conviction. She submitted a 20-ground appeal in which the first pointed to the trial judge’s exemption to rule on her preliminary objection, where she challenged the charge against her and the jurisdiction of the court.

However, the court dismissed her appeal, ruling that the prosecution had established the charge of culpable homicide beyond reasonable doubt.

The ICIR reported that Sanda’s sentence was reduced to 12 years’ imprisonment in October 2025 after Tinubu approved a revised clemency list. The decision came after a review process that initially featured 175 names, some of which were later dropped due to what the Presidency described as the “nature of their crime.”

Presidential Adviser, Bayo Onanuga, said Sanda’s sentence was commuted “on compassionate grounds in the best interest of the children and due to her good conduct,” noting that she had demonstrated ‘remorse’.

Sanda has spent roughly six years in custody, and under the commuted sentence, she would have had about six years left to serve, however, with Friday’s ruling, the original death sentence is reinstated.

The initial decision triggered widespread public debate, including strong objections from Bello’s family. After consultations with the Council of State and consideration of what the Presidency described as “public opinion,” the clemency list was revised, excluding several individuals convicted of offences such as kidnapping, drug trafficking, and arms dealing.

Tinubu ordered the return of several convicted persons earlier granted state pardon weeks later, including Maryam Sanda and over 140 others, to prison following widespread criticisms that greeted his decision.

Onanuga said that the president formally signed a revised instrument of clemency and pardon after reviewing the earlier approved list, with input from the Council of State and feedback from the public.

Forests, bad roads turn Kwara communities into danger zones

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By Dare AKOGUN

BEYOND the terrorists’ attack on the Christ Apostolic Church (CAC) Eruku in Kwara State on November 18, The ICIR uncovers the factors that are fast turning the once peaceful State into a corridor of abductions. 

For years, Kwara enjoyed a reputation as a “buffer state” a relatively calm axis between the violence of Niger, Kogi, and other North-Central hotspots. But that image has collapsed.

Figures compiled by The ICIR show that over 207 persons were killed and at least 177 abducted in Kwara between January and early November 2025 alone.

The worst-hit areas include Ifelodun, Patigi, Edu, Ekiti, Isin, Kaiama and Irepodun LGAs, rural belts bordering Niger and Kogi, where state presence is minimal and forest density is high.

Local NGOs say the real numbers may even be significantly higher because many victims do not report kidnappings out of fear of reprisals.

This latest surge, data shows, began around 2021, when the number of violent incidents spiked due to rising cross-border infiltration and the proliferation of criminal gangs operating along forest corridors. In that year alone, Kwara recorded 84 violent attacks and 45 deaths.

Eruku youths looking distraught  

Attacks dipped briefly in 2024 but rose sharply again in 2025 climaxing with the CAC Eruku raid.

Security analysts warn that the patterns now emerging in Kwara mirror those earlier seen in Kaduna, Niger and Zamfara before those states descended into widespread rural banditry.

Kwara’s forests

To understand the insecurity in Kwara, one must understand its forests.

The belt stretching from Patigi through Ifelodun, Ekiti, Isin and Oke-Ero, down to the Yagba axis of Kogi State, is a labyrinth of dense forests, narrow farm roads and unmonitored bush paths perfect cover for criminal movement.

Academic studies, including those published in the Peace Studies Journal, consistently classify such forested rural spaces as “zones of criminal refuge,” especially where policing is limited and the population is sparse.

But it is not just the forests, it also has to do with the roads or the lack of them.

The Kabba–Egbe–Ilorin Highway abandoned to bandits

Once a bustling federal highway connecting Ilorin to Kogi and further south, the Kabba–Egbe–Ilorin Road has now become a metaphor for state neglect.

Riddled with potholes deep enough to swallow small vehicles, and lined with thick bushes, the road has collapsed into a perfect kidnapping haven.

Motorists avoid the road. Police patrol it with caution and bandits have taken ownership of it. The road can be described as one of Nigeria’s worst examples of infrastructural abandonment.

A community elder in Eruku put it more bluntly: “Our road is bad and contributes to insecurity. If there is an attack, before help can come, the bandits would have escaped because the road is not motorable.”

 

The geography is not just enabling crime; it is accelerating it.

The revenge theory: Why Eruku was targeted

While authorities initially labelled the November 18 Church attack as “just another bandit raid,” community sources point to a deeper motive revenge.

A few days before the attack, two people were kidnapped near the same Church. During ransom delivery, the deceased head of Eruku local vigilante identified widely as “Alaja” reportedly engaged one kidnapper, overpowered him and recovered both the ransom money and the kidnapped victim.

Bullet ridden windows aftermath of the attack 

The bandits, community leaders now believe, returned to make a statement.

Residents said the attackers hid in trees for hours before striking, an account confirmed by multiple eyewitness reports.

Segun Olori Eta, a Chief in Eruku who was in the Church at the time of the attack said, “I think the bandits studied movements, waited for the Church to fill, and then launched a coordinated raid meant to inflict maximum fear.

“I was in the Church with my wife and 5 children, when the shooting started and in the ensuing chaos I ran out of the Church. I saw one of the bandits on the three shooting directly into the Church.

“I scaled the fence, and two others pursued me on foot shooting, i don’t even understand how no bullets touched me, it’s only God, they later went away with my wife and four children, only me and one of my sons who hid in between woods inside the Church escaped,” he revealed.

Another resident, Ige Josiah, whose son and wife were among the kidnapped worshippers said he believed the Church attack was not random.

He said: “My son was among those 18 kidnapped residents; three earlier and we were in the Church that day to give praise to God for their safe return.

“I think the bandits were angry that some escaped. Although I paid 2 million before my son was released, they came into the Church like wounded lions looking for lost food.

“At the end my son who returned just a week earlier from the kidnappers’ den and my wife was among those kidnapped that day, ” he revealed.

Segun who lost his brother during the attack, and his mother was kidnapped lamented the attack which he tagged planned and senseless.

Segun who lost a family member to the attack 

“Look at where they killed my brother on Tuesday, is this place bush (pointing to the spot his brother’s corpse was retrieved a day after the attack).”Do we really have a government in this country?

“Please we need something to be done; let the government stop these people wasting our lives. In Nigeria we have enough capability to do it,” he said.

A senior police officer who is familiar with the terrain and has been investigating a series of kidnapping incidents in the area, spoke with The ICIR on the matter.

 

” Well, the residents might not be entirely wrong to assume the bandit came for revenge, because the manner with which the deceased vigilante head operates is very daring and non-conforming.

“This is someone who has had a series of encounters with the bandits, shot at several times with bullets not penetrating him and has contributed immensely to the safety of the community in conjunction with security operatives.

“We are looking at all angles, including prior hostilities, but we cannot jump to conclusions until investigations are completed.”

But the community is convinced, it was a retribution message to vigilantes, a message to villagers, that resistance comes with consequences.

“I believe the bandits are angry that we have been able to contain them for long, although they have been kidnapping our people for long but most of the time, it’s either they escape or our vigilante rescue them,” says Shola Peters, a youth leader in Eruku town.

“Our vigilante and hunters are very brave people. Despite not having ammunition that matches the bandits they have always confronted them any time they make inroads into the community.

“This recent attack was planned and intended to inflict devastating damage, Eruku is the first town in Kwara where they will attack a Church, and I am very sure it was ‘Alaja’ and those that escaped from them that they traced to the Church.

“However we thank God they have been released, but the death of Alaja is very hard to bear,” he said.

When Feranmi Joshua (name changed for safety) one of the abducted worshippers regained consciousness in the forest, his arms were bound, and the night sky was his only witness. Around him were dozens of other women, elderly men, young people dragged from the Church into the forest.

He told The ICIR, “We slept on cold ground. They moved us constantly. Some people fainted. What we went through is not something anyone should experience.

“We trekked barefoot across sharp rocks, thorns and even crossed streams. The bandits know the route and we were told we can’t escape. Truly it was nearly impossible to do so, he said.

How a kidnapping economy emerged in Kwara

In a 2022 report  ICIR reported that Kwara, touted as the ‘state of harmony’ had lesser reports of insecurity ravaging the rest of the country, until  when incidents of abduction and banditry became rife in the north-central state raised the alarm about abductions.

In the last six months of 2021 alone, cases of kidnapping for ransom in Kwara were rife, especially in the southern part of the state.

The government ignored the alarm then. Even the Kwara state police command through its then spokesperson, Ajayi Okasanmi, described the report as untrue, declaring that Kwara was safe.

A few months earlier the Aare Onakakanfo of Yorubaland, Iba Gani Adams, raised the alarm that bandits and kidnappers had relocated to Kwara and Kogi States, noting that the spate of insecurity in the two states was becoming alarming.

Speaking at the 2021 edition of the Oya Festival in Ira, Oyun LGA of Kwara State, on November 27, Adams decried the increasing rate of kidnapping in the state, adding that reports at his disposal indicated that some criminal elements have relocated to the state.

He urged Governor AbdulRasak to create a state security outfit that could help combat the growing influx of bandits and kidnappers.

He said: “Governor AbdulRasak needs to provide adequate security for the people of the state as well as the visitors. The report that some of the harmful elements, including bandits and kidnappers, have relocated to Kwara and Kogi states is alarming. The Kwara state government needs to improve the security situation by using the Amotekun structure to combat the growing spate of insecurity in the state.”

The then Commissioner of Police Kwara State, Tuesday Assayomo, in reaction to the claim of Gani Adams and the concern raised by the people of the state, took a tour of Kwara South senatorial zone on November 30, 2021, to see first-hand, the security situation of the zone.

Speaking during a meeting with community leaders, the CP reiterated his determination to deal with criminals irrespective of names or groups they belong to, while also accepting to work with any individual or group of people who are interested in collaborating with the police to fight crime.

Kwara State Commissioner of Police CP Adekimi Ojo addressing residents of Eruku

The people were advised to join hands with the police and other security agencies to ensure that the state’s existing peace and harmony is sustained.

Interviews with security experts, vigilante members and local residents reveal that the border corridor between Kwara and Kogi has become a fast-growing ransom market, fuelled by, ungoverned forests, broken highways, high youth unemployment, weak law enforcement presence, cross-border movements from Niger and Kogi and local informants exploiting economic desperation

A security strategist in Ilorin, Segun Omoyefa, said: “Once a corridor becomes known as a ransom marketplace, it attracts more criminals.

“A huge amount has exchanged hands on the last 11 months almost billions in naira , Kwara is unfortunately heading in that direction,” he said.

In this new economy, kidnappers earn millions weekly. Communities sell land, livestock, property everything to pay ransom. Bandits reinvest in weapons, transport, informants and logistics, and the cycle repeats.

Ghost villages, empty farms, lost schools

In multiple communities across Ifelodun, Patigi, Ekiti and Edu LGAs, residents told The ICIR that entire villages have emptied out, and farmlands abandoned.

In Eruku and neighbouring settlements, traders have stopped attending weekly markets and those who attend do so with caution closing early and avoiding late night movement.

Farmers now work in groups of 30–50 for safety for those who haven’t abandoned their farms entirely.

Funmi Anifowose, a farmer lamented the spate of insecurity in the town, saying previously the local government always gives support to the vigilante which makes the town peaceful.

” It was not like this before, our vigilantes are fearless and up and doing, previously with support from the council, they have provided security in the town and whenever they are called into action they always save the day, but it’s not like that again, they don’t have ammunition.

Houses deserted after the attacks in the community

” I am a farmer but I don’t have rich family members. I can’t go to the farm again for fear of being kidnapped; I can’t go to ilorin because of fear of being kidnapped on the road which is very bad.”

She said some families have relocated entirely to Ilorin and Several schools’ record attendance dropped about over 40 per cent.

For a state whose rural economy depends on smallholder farming, this is a looming food security disaster.

State closes schools in 4 LGs, demands military base

The State government, on Wednesday, November 20, 2025 directed the closure of schools across four LGAs amid escalating insecurity in the affected communities.

The government’s decision was disclosed by the Nigeria Union of Teachers, Kwara State Wing.

In a circular obtained by The ICIR, the NUT Chairman, Yusuf Agboola, announced the shutdown of schools in Isin, Irepodun, Ifelodun, and Ekiti LGAs.

Agboola explained that the union was acting strictly on instructions from the Ministry of Education and Human Capital Development after the government raised concerns over fresh security threats in Kwara South.

“Comrade chairmen, this is to inform you and through you, all schools in the above local governments of the instruction to close down all schools with immediate effect until further notice,” the circular read.

The NUT chair assured school heads and teachers that further directives would be communicated as the situation evolves.

Strong words, weak structures

In the wake of the Eruku attack and other recent kidnappings, the Kwara State Government launched what it called a “multi-agency joint operation” involving the Nigeria Police tactical units, DSS operatives, Army detachments from Ilorin and local vigilante groups.

Governor Abdulrazaq also announced plans to seek the establishment of a Forward Operating Base of the Nigerian Army and a Mobile Police Squadron in Eruku, Ekiti LGA.

The governor, who visited Eruku for an on-the-spot assessment, a day after the incident disclosed that he had spoken with the General Officer Commanding, 2 Division, and the Inspector General of Police, Kayode Egbetokun, on the urgent security upgrade needed in the crisis-hit area.

Houses deserted after the terror attacks in the community

The state also announced plans to, deploy an Armoured Personnel Carrier (APC) permanently in Eruku, seek approval for a mobile police squadron and establishment of a permanent military base in the border area

Analysts not impressed

Some analysts argue that these interventions, while commendable, are reactionary, episodic and unsustainable.

A senior security analyst Lawal Arikewuyo who has studied North-Central conflict patterns told ICIR: “You cannot secure a forest corridor with reactionary deployments. You need permanent presence, not photo opportunities.”

Community vigilantes across Kwara state echo this sentiment. They complain of, limited ammunition, poor logistic, lack of protective gear, no hazard allowances and minimal state support

“Sometimes,” a vigilante leader said, “we confront men with AK-47s using Dane guns.”

Experts warn that without urgent structural reforms, Kwara could mirror the insecurity trajectory of Kaduna or Niger states where rural banditry evolved into rampant terrorism within a few short years.

Taoheed Rahman a public affairs analyst, said: “Kwara is unfortunately tagged as one of the states ravaged by insecurity in the North.

“The government needs to come out with workable solutions that can be seen, if not that tag of insecurity will be with the state for a long time , and it will affect many things, he warned.

To reverse this crisis, chairman of Ifeldoun LGA, Abdulrasheed Femi Yusuf, said a permanent combined security outpost is required in the area.

“The Federal Government should establish a permanent military base in Baba Sango Forest to curb the activities of bandits operating across four states.

“The vast Baba Sango forest has become a safe haven for kidnappers and armed bandits terrorising Kwara, Ekiti, Kogi and Niger states,” he said.

Also, an Ilorin based political analyst, Imam Abubakar, said the security needs to deploy new tactics in the fight against banditry in Kwara, Niger and Kogi state.

” There is a need to rethink the fighting strategy of these bandits, we all know the bandits understand this terrain very well and we know technology can cover areas human patrols cannot.

“Forest monitoring using drone surveillance, including, well trained funded, accountable local vigilantes can supply actionable intelligence,” he said.

Ex-minister Ngige remanded in Kuje Prison

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FORMER Minister of Labour and Employment, Chris Ngige, appeared before an Abuja High Court in Gwarinpa on Friday, December 12, following charges filed by the Economic and Financial Crimes Commission (EFCC) accusing him of involvement in a N2.2bn contract fraud.

The presiding judge, Maryam Hassan, directed that Ngige be kept at the Kuje Correctional Centre until his bail application is determined on Monday, December 14.

The former Anambra State governor entered a plea of not guilty to the eight-count charge, which centres on alleged abuse of office and receiving gifts from contractors working with the Nigeria Social Insurance Trust Fund during his tenure from September 2015 to May 2023.

After the plea was taken, EFCC counsel, Sylvanus Tahir, a senior advocate, urged the court to fix a date for trial and to commit the former minister to custody pending the commencement of proceedings.

However, the application was objected by the lead defence counsel, Patrick Ikwueto, also a senior advocate. He argued that his client deserved bail, particularly due to health concerns. 

He explained that Ngige had already spent three days in EFCC detention before being brought to court.

“I urge your lordship to grant the defendant bail, and we are ready to grant any requirement your lordship will put to grant him bail. Even this morning, he mentioned how he needs to go to the hospital. The prosecution is asking for his remand, knowing fully well they don’t have the facility to cater to his health issues at Kuje,” Punch newspaper quoted Ikwueto to have said.

Although the defence counsel argued that the allegations against Ngige were not comparable to capital offences that warrant denial of bail, the judge ordered Ngige remand till the next trial.

“It’s not like he ate the ministry’s money or that of NSTIF. The trial will start, and we will see how those contracts were awarded. It’s not a terrorism charge or treason offence,” Ikwueto stated.”

He also faulted the EFCC for allegedly denying the defence time to file a counter-affidavit.

The ICIR had on Wednesday, reported that Ngige’s media aide, Fred Chukwuelobe, dismissed claims that the former minister had been abducted, clarifying on Facebook that he was with the EFCC.

Ngige’s invitation by the EFCC made him the second minister in the late President Muhammadu Buhari administration to face interrogation by the anti-graft agency in recent weeks.

Last month, former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, was questioned for days by the EFCC over alleged irregularities in the recovery of the $310 million looted by former Head of State, Sani Abacha, which accrued to about $322.5 million with interest.

The commission reportedly seized Malami’s passport and placed him under a one-month reporting restriction. Malami, however, dismissed the allegations, describing them as “baseless, illogical and lacking in substance.”

He insisted, through a statement by his media aide, Mohammed Doka, that no funds had been recovered before he assumed office in 2015, arguing further that the EFCC’s claims “collapse when subjected to facts and elementary logic.”

EFCC arraigns Peace Corps commandant, finance director over alleged N60m fraud

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THE Economic and Financial Crimes Commission (EFCC), Abuja Zonal Directorate, has arraigned the Commandant of the Nigeria Peace Corps, Dickson Akon, and the Corps’ Director of Finance, Omolola Aminat Ahmed, over alleged criminal misappropriation of N60 million belonging to the organisation.

The commission revealed this in a statement on Friday, December 12. It said Akon and Ahmed appeared before Justice H.B. Yusuf of the Federal Capital Territory (FCT) High Court, Abuja, on Thursday, December 11, where they faced a two-count charge bordering on conspiracy and dishonestly converting public funds for personal use.

“Charge one reads: “That you, Dickson Akon and Omolola Aminat Ahmed in the year 2024 at Abuja, FCT, within the jurisdiction of this honorable court did agree among yourselves to do an illegal act, to wit criminal misappropriation and thereby committed an offence punishable under Section 96 of the penal code laws of the FCT.” 

“Count two read: “That you, Dickson Akon and Omolola Aminat Ahmed in the year 2024 at Abuja, FCT, within the jurisdiction of this honorable court did agree among yourselves and dishonestly converted to your personal use the sum of N46,000,000,00, (forty six million naira only) out of the sum of N60.000.000.00, (sixty million naira, only) meant for the execution of contract for the supply of badges,” the statement read.

The EFCC said the defendants allegedly conspired in 2024 to misappropriate funds allocated for the execution of a contract for the supply of official badges and accused the Peace Corps officials of dishonestly converting N46 million out of the N60 million approved for the procurement project.

According to the agency, both defendants pleaded not guilty to the charges, and following their pleas, prosecuting counsel Khalid Sanusi requested a date for the commencement of trial.

“Justice Yusuf adjourned the matter till February 25, 2026, and granted the defendants bail in the sum of ₦5 million (five million naira only) with one surety each in like sum. The sureties must be of a reputable character and must be resident in Abuja,” it added.

The ICIR reports that this case marks yet another high-profile inquiry into alleged financial misconduct among leaders in Nigeria. The EFCC had reportedly seized the international passport of former Minister of Justice and Attorney-General of the Federation (AGF), Abubakar Malami, following his ongoing investigation.

Malami, a senior advocate, who was released around 1am on November 28, after hours of interrogation, was placed under a one-month restriction that compels him to report at the EFCC headquarters in Abuja every day, to prevent any interruption in his probe.

The agency noted that Malami had significant questions to answer over how alleged $490 million loot of the late Head of State Sani Abacha was managed under his watch.

Similarly, Fred Chukwuelobe, the media aide to former Minister of Labour and Employment, Chris Ngige, confirmed that the former Anambra State Governor was detained by the EFCC, making him the second minister in the late President Muhammadu Buhari administration to face interrogation by the anti-graft agency in recent weeks.

US seizes Nigerian supertanker, cites crude oil theft, piracy, others

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THE United States (US) Coast Guard, in collaboration with the US Navy, has intercepted a Nigerian-owned supertanker, Skipper, over allegations of crude oil theft, piracy, and other transnational crimes.

The vessel, a 20-year-old Very Large Crude Carrier, VLCC, with IMO Number 9304667, is reportedly owned and managed by Nigeria-based Thomarose Global Ventures Ltd., though its registered owner is listed as Triton Navigation Corp., headquartered in the Marshall Islands.

Authorities said the tanker was illegally flying the Guyanese flag at the time of its arrest.

The ICIR reports that the concern about the alleged crude oil theft followed the worries that the Nigerian government had paid N17.5 trillion for pipeline protection and energy security operations, outsourced to private security guards in the financial year ended 2024

Former Vice President Atiku Abubakar and other stakeholders had demanded a forensic audit of the N17.5 trillion allegedly spent and expressed concern over the pipeline protection and energy-security costs, citing persistent leakages, oil theft, low crude production, and systemic opacity in the national oil company.

The crude oil theft occurred despite the fact that the Federal Government has outsourced oil pipeline protection to Tantita Security Services Nigeria Limited (TSSNL), a prominent indigenous security firm known for protecting Nigeria’s crucial oil and gas infrastructure, especially in the Niger Delta region.

In a swift rebuttal, Guyana’s Maritime Administration Department, MARAD, confirmed that Skipper seized by the US was not on its national ship registry and was using the country’s flag without authorisation.

According to US security sources, the seizure was carried out under American law enforcement authority, with President Donald Trump announcing the operation.

Beyond suspicions of stolen crude, the vessel is also being investigated for allegedly transporting a large consignment of hard drugs and operating within a network backed by suspected Iranian and other Islamist-linked money-laundering financiers.

A check with the Corporate Affairs Commission, CAC, Abuja, showed that Thomarose is inactive.

Further checks showed that Thomarose’s corporate address is listed as 111 Jakpa Road, Effurun, Warri, Delta State, with CAC registration number 1007876.

There are no phone numbers linked to the company.

Commenting on the seizure with Vanguard Newspaper, the President of the Centre for Marine Surveyors, Nigeria, Akin Olaniyan, said that if the vessel indeed departed from Nigeria before being intercepted, it would indicate weaknesses in Nigeria’s Port management.

He said, “If the vessel emanated from Nigeria, it suggests our Port State Control is practically non-existent. It also means any vessel leaving Nigerian waters may come under stricter scrutiny by Port State Control authorities in other countries. This issue has nothing to do with Nigeria as a country, but with regulatory enforcement.”

The National President of Oil and Gas Service Providers Association of Nigeria, OGSPAN, Colman Obasi, who reacted to the development, said: “I have never heard that Nigeria has a supertanker and that it is not active in CAC. I don’t even know if stakeholders are aware. Anyway, the government and other agencies can do more.”

President of the Ship Owners Association of Nigeria, SOAN, Otunba Sola Adewumi, noted that he could not comment on the seizure of the vessel as he had yet to receive sufficient details about the circumstances surrounding its arrest.

He appealed for more time to ascertain the vessel’s ownership and registration status.

Bayelsa Deputy Governor Lawrence Ewhrudjakpo is dead

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THE Peoples’ Democratic Party (PDP) has confirmed the death of Bayelsa State Deputy Governor, Lawrence Oborawharievwo Ewhrudjakpo, describing his passing as an “inexplicable loss and indescribable pain.”

In a statement by the party’s National Publicity Secretary, Ini Ememobong, on Thursday, December 11, the PDP said it received the news with “deep shock.”

The statement noted that the news had thrown the PDP’s National Working Committee, led by Kabiru Tanimu Turaki, SAN, as well as party members across the country, particularly in Bayelsa State, into “profound grief.”

“While alive, Senator Ewhrudjakpo was an honest and consistent politician who believed in and practiced politics with principle. He was a person of conviction, not convenience; a leader whose life was anchored on belief, integrity, and strength of character,” the PDP wrote, adding that he held firmly to these values until his final moments.

The ICIR reported that the deputy governor collapsed on Thursday afternoon while carrying out official duties at the Government House in Yenagoa.

According to media reports, Ewhrudjakpo’s security team and aides rushed him out of his office for immediate medical attention after he suddenly slumped.

He was subsequently transferred to the Intensive Care Unit (ICU) of the Federal Medical Centre (FMC), Yenagoa, for closer monitoring after medical professionals had received him at the emergency unit.

Reacting further to his death, PDP described him as a trusted and faithful party man whose contributions to governance and party affairs were significant and enduring.

The party extended its condolences to the government and people of Bayelsa State, calling his death “painful and irreparable,” while praying for the repose of his soul.

Born on 5 September 1965 in Ofoni, Sagbama Local Government Area, Ewhrudjakpo’s political trajectory gained momentum in 2018 when he won the PDP Bayelsa West senatorial primary.

He was elected senator in 2019, defeating APC’s Mathew Karimo.

Later that year, he was selected as running mate to Douye Diri in the Bayelsa governorship election.

Although the APC’s David Lyon was initially declared winner, the Supreme Court overturned the result in February 2020 due to certificate irregularities involving Lyon’s running mate.

The ruling cleared the path for Diri and Ewhrudjakpo to assume office as governor and deputy governor.

Ewhrudjakpo also faced a legal challenge in 2020, when a court ordered the Department of State Security Services (SSS) to investigate allegations of NYSC certificate forgery against him.

Until his sudden death on 11 December 2025, he served as Bayelsa’s deputy governor, completing nearly six years in office. He was 60 years.

Bayelsa Deputy Governor collapses, rushed to ICU

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THE Deputy Governor of Bayelsa State, Lawrence Ewhrudjakpo, collapsed on Thursday, December 11, while carrying out official duties at the Government House in Yenagoa, the state capital.

Although details of the incident are still sketchy, it has triggered panic among government officials and residents.

According to media reports, Ewhrudjakpo’s security team and aides rushed him out of his office for immediate medical attention after he suddenly slumped.

He was subsequently transferred to the Intensive Care Unit (ICU) of the Federal Medical Centre (FMC), Yenagoa, for closer monitoring after medical professionals had received him at the emergency unit.

Punch reported that the deputy governor’s media aide, Doubara Atasi, confirmed the incident but refused to provide further details.

However, the Bayelsa State Government had not issued an official statement as of press time.

The ICIR will provide more information on the development as they unfold.