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EXPOSED!!!! How Goodluck Jonathan Spent N2.2billion On Prayers to fight Boko Haram

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Nigerian President Goodluck Jonathan speaks to the media on the situation in Chibok and the success of the World Economic Forum in Abuja

 

 

Fresh revelations emanating from the Economic and Financial Crimes Commission (EFCC) have it that ex-president Goodluck Jonathan spent about N2.2billion on prayers to fight Boko Haram.

The Nation gathered from an executive director of the Nigerian National Petroleum Corporation (NNPC), Aminu Baba-Kusa, that the money was spent on prayers in Nigeria and Saudi Arabia to win the war against insurgency in the country.

This latest development is not part of the $2.1billion arms fund for which former National Security Adviser (NSA) Colonel Sambo Dasuki is being tried.

The monies for the prayer, it was gathered, was disbursed through the Office of the National Security Adviser (ONSA), as proposed by Baba-Kusa.

Making this revelation was Baba-Kusa himself, in a statement of witness filed in the high court of the Federal Capital Territory (FCT), where he, Dasuki and three others(Acacia Holdings Limited and Reliance Referral Hospital Limited (owned by Baba-Kusa) and a former director of finance in ONSA, Shuaibu Salisu) are facing trials.

The NNPC director confessed that the money was spent on prayers to hasten the defeat of the insurgents, and that it was released in two tranches of N1,450,000,000 and N750,000,000, adding that the proposal was verbal.

“I approached the former NSA and discussed Boko Haram problems and I suggested there is need for prayers and he considered and accepted in 2013 when he first came to office.

“I personally sponsored many people locally and some few to Saudi Arabia. Some monies were later paid into our companies, which we paid to some of the mallams.

“I then arranged to recover my personal expense which I put into our own businesses.

“We have been spending a lot from our businesses and personal accounts. Money paid through UBA, First Bank and ECOBANK. For Acacia Holdings Limited(A/C 1017330319-UBA); ECOBANK(0122012650); and First Bank(Reliance Referral Hospitals Limited A/C 2022394057). The total amount is N2,200,000,000 from October 2014 to April 2015,” Baba-Kusa confessed.

According to him, he may not be an expert,

“but I used some of the mallams to organise in Abuja, Zaria, Kano, Sokoto, Maiduguri, Kaduna and Saudi Arabia covering 2013 to 2015.

“I give them funds as required from time to time, ranging from N500,000 to N30million, depending on their needs, traveling, sadaqat and others for local expenses and travels to Saudi Arabia for Umrah and Hajj.

“I reminded the NSA many times before payments were made. We grew up together with the former NSA with common friends in ABU.

“Most of the payments in cash were meant to give out cash to people that have been organising prayers. Some transfers to Acacia to other banks were for logistics and also to some mallams in cash.”

On how the prayer contract was arrived at, the suspect said: “The proposal made to the former NSA was not documented by him or myself. The verbal proposal to him was for prayers to overcome Boko Haram within the shortest possible time.

“The engagement for prayers by organising some people to be praying was not formally written down.

“There was no amount of money agreed on. I said to him, I will start organising, which he agreed and said he will see what he would give at a later time.”

Baba-Kusa, who noted that he spent an estimate of over N700million from his own resources before asking for money from the ONSA, noted further that “some of these funds came from disposal of some of my land in Abuja. One in Maitama, one in Gudu and one in Guzape. The Maitama was a little over N200million; Guzape (N80m), Gudu(N18m).”

He added that he kept no records of the money he handed over to the various people they used, but assured the EFCC that he would refund the said cash if he is able to dispose off his landed properties.

“I am making efforts to dispose of my properties in Abuja which would be over the total amount of N2.2billion. If the sales go through and the amount from the sales is made in full, I will make full payment.” he was quoted to have said.

The 19 charges against the five suspects read that, Baba-Kusa, Acacia Holdings Limited and Reliance Referral Hospital Limited are alleged to have “between October 2014 and April 2015 in Abuja agreed to do an illegal act to wit: dishonestly receiving property to wit: an aggregate sum of N2,200,000,000 being part of the funds in the accounts of the Office of National Security Adviser and that the same act was fine in pursuance of the agreement among you and you thereby committed an offence punishable under Section 97 of the Penal Code Act, Cap 532, Vol.4, LFN 2004.”

 

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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ZENITH BANK WINS BEST BANK IN NIGERIA IN THE GLOBAL FINANCE BEST BANKS AWARDS 2025

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ZENITH BANK RAISES OVER N350 BILLION IN COMBINED RIGHTS ISSUE AND PUBLIC OFFER

ZENITH BANK WINS BEST BANK IN NIGERIA IN THE GLOBAL FINANCE BEST BANKS AWARDS 2025

Zenith Bank Plc has been named “Best Bank in Nigeria” in the Global Finance Best Banks Awards 2025, winning the award for the fifth time in six years. The Bank was among winners from 36 countries in Africa recognised by the prestigious Global Finance in its 32nd Annual Best Bank Awards.
The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success. Winning organizations managed their assets and liabilities in a savvy way despite the fast-changing interest rate scenarios.The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers and banking consultants, as well as analysts worldwide. Factors considered in selecting the top banks ranged from the quantitative objective to the informed subjective.
Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry. Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are thrilled to retain our position as the Best Bank in Nigeria for the fifth year since 2020.
This achievement is a testament to our unwavering commitment to delivering exceptional customer service, innovative financial solutions and dedication to serving our customers with efficiency and a strong focus on corporate governance. We will continue to invest in our people, technology and processes to ensure that we consistently maintain the highest level of service delivery”. She lauded the contributions and efforts of the Bank’s key stakeholders – the Founder and Chairman, Jim Ovia, CFR, for his visionary leadership and role in laying the foundation for an enduring and successful institution, the Board for the consistent guidance they provide, the staff for their commitment and dedication, and the Bank’s customers for their unwavering loyalty and support to the Zenith brand.Joseph D. Giarraputo, publisher and editorial director of Global Finance, said: “Global banking continues   to   adapt   and   evolve,   meeting   challenges   and   capitalizing   on   opportunities   with resilience and innovation.
AI has quickly taken a pivotal role in the transformation of banking, and its growth promises to reshape the financial sector at an unprecedented pace.” He added that: “Global Finance’s Best Bank Awards honor financial institutions that excel in diversity of offerings, long-term stability, and technological innovation.”Global Finance’s “Best Banks Awards” are recognised amongst the world’s most influential banking/finance and corporate professionals as the most coveted and credible awards in the banking industry, with winners chosen in 150 countries and territories across Africa, Asia Pacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.

Founded in 1987, Global Finance regularly selects the top performers among banks and other financial services providers, and the awards have become a trusted standard of excellence for the global financial community.Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the fifteenth consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.Further recognitions include Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International  Banker  2023  and 2024  Banking  Awards.  Additionally,  Zenith  Bank  has  been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for 2022, 2023 and 2024 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom. The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 and 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BAFI Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards.
Zenith  Bank  was  also named  Most  Responsible   Organisation  in  Africa,  Best  Company  in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024; Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year’ at the Nairametrics Capital Market Choice Awards 2025.

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Dreamfo organizes ‘Biennial Conference 2025’ to commemorate International Widow Widowers Day

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A 4-day conference is scheduled to take place in Jos from 20th-23rd, with free feeding and accommodation provided
~By Oluwaseun Fabiyi

 

A 4-day conference for widows and widowers, tagged Biennial Conference, will be hosted by Olubunmi Ojo, founder of DREAMFO International, also known as the Doctor Olusegun Emmanuel Afolabi Memorial Foundation, to mark International Widow/Widowers Day 2025, from Friday, 20th to Monday, 23rd June 2025, at Steffans Hotel, Jonah David Jang Way, Rayfield, Jos, Plateau State, Nigeria, showcasing her exceptional resourcefulness and energy

DREAMFO widows, widowers held its inaugural edition approximately six years ago in the popular Badagry area of Lagos.

The event this year promises to be a dynamic combination of music, inspirational talks, fervent prayers, and personal empowerment, tailored to uplift individuals spiritually, emotionally, and mentally within the widowed community, and inspire all attendees to overcome limitations and fulfill their divine potential across all aspects of life

The sixth edition of the event is taking place this year, boasting a diverse lineup that caters to the tastes of the young, the elderly, widows and widowers from across the country

As reported by Olubunmi Ojo via her media aide, Oluwaseun Fabiyi, the initial DREAMFO conference, hosted in Badagry, Lagos in 2019, was a memorable and enriching experience, providing empowerment and opportunities within Lagos metropolis and its surrounding areas.In like manner, Calabar 2021 was a phenomenal success. Ibadan 2023 was indeed epic and outstanding, and Jos 2025 is poised to be a trailblazing conference and assembly.

When speaking further, she assured that DREAMFO has various events throughout the four days, with Friday, June 20th scheduled for the arrival of guests, followed by a poolside fiesta and overnight clubbing

On Saturday, the 21st of June, the day will start with an instructor-led aerobics and exercise session early in the morning, followed by complimentary health checks, while the afternoon will feature seminars and the evening will culminate in a Gala night, all designed to promote a festive atmosphere amongst the widows and widowers

Sunday, the 22nd of June, has been scheduled for a special thanksgiving service

The grand finale, scheduled for Monday, the 23rd of June, is officially designated for Dreamfo to provide free eye tests, reading glasses, and eye medication to the host community at the Ladies of Apostle Church.

She officially announced that participants would receive free accommodation and meals throughout the program, with registration through the provided link required for all participants.

Oluwaseun Fabiyi Media aide to Olubunmi Ojo a journalist based in Lagos

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FLOUTING CONTRACTUAL OBLIGATIONS, DEFYING COURT ORDERS, AND DISREGARDING ARBITRATION: THE FACTS BEHIND HADIZA BALA USMAN’S ABUSE OF OFFICE AS NPA MD

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FLOUTING CONTRACTUAL OBLIGATIONS, DEFYING COURT ORDERS, AND DISREGARDING ARBITRATION: THE FACTS BEHIND HADIZA BALA USMAN’S ABUSE OF OFFICE AS NPA MD

By BUA Group | May 31, 2025

 

 

We have noted recent public statements made by Ms. Hadiza Bala Usman, the former Managing Director of the Nigerian Ports Authority (NPA), who was sacked from office. In her comments, she accused BUA Group and our Chairman, Abdul Samad Rabiu, of breaching a concession agreement and distorting facts. These claims were made in response to our Chairman’s interview and article, “Two Years of President Tinubu: A Business Perspective” (watch at https://bit.ly/pbatbua), which celebrated Nigeria’s reform trajectory and referenced prior instances of arbitrary disruptions to business operations, without naming anyone – a situation that has now been curtailed by President Tinubu’s no-nonsense approach to bringing sanity and stability to the business environment in Nigeria.

 

 

Ordinarily, we would not engage, but the distortions in her response necessitate this factual clarification, especially as they relate to her actions during her tenure as MD of the NPA.

 

THE CONTRACT AND WHAT SHE OMITTED

In 2006,

BUA entered into a valid long lease agreement with the NPA to rehabilitate and operate Terminal B at Rivers Port in Port Harcourt, Rivers State. Long before Ms. Usman’s appointment, BUA had begun formal engagement with the NPA to address outstanding remedial works and infrastructural deficiencies. These discussions were nearing their conclusion when she assumed office.

 

 

Rather than build on that process, Ms. Usman ignored BUA’s requests and obligations under the agreement. In 2016, BUA wrote to the NPA under Article 8.4 of the lease, mandating concessionaires to report environmental and safety concerns and to seek approval for remedial works. Rather than act constructively, Ms. Usman used that letter as a pretext to issue a termination notice and summarily shut down the terminal, without providing any prior warning, consultation, or invoking the dispute resolution clause.

 

 

She forgot or failed to disclose in her response that the NPA, under her leadership, was itself in material breach of core obligations including, failing to hand over critical portions of the port, leaving derelict iron ore on the berths, failing to dredge or repair quay walls, and neglecting to provide mandatory security. These lapses were significant impediments to BUA’s operations and, as a result, led to disputes between the parties.

 

 

ILLEGALITY, CONTEMPT, AND DISREGARD FOR CONTRACTUAL MECHANISMS

 

After the unlawful termination, BUA approached the Federal High Court, which promptly granted an injunction restraining the NPA from proceeding with termination. The NPA itself then referred the dispute to arbitration, as stipulated in Section 17.3 of the agreement, which clearly states:

 

“Any dispute, controversy or claim… shall be exclusively and finally settled under the dispute resolution process prescribed in this Article.”

 

Despite this, Ms. Usman, against the advice of her agency, unilaterally decommissioned the berths, thereby violating both the agreement and a court injunction. To be clear, the concession agreement granted her no such power to decommission. If she believes otherwise, we invite her to publicly cite the specific clause that authorizes this action.

 

 

To further compound the illegality, BUA, after providing the guarantees and indemnities requested by the NPA, was permitted to resume operations briefly. Merely three weeks later, the terminal was again shut down, this time by Ms. Usman’s instruction. This left no doubt that her actions were motivated not by due process, but by personal animosity and abuse of office.

 

 

BUA subsequently filed contempt proceedings and was looking at estimated losses of over $10 million. These proceedings were only withdrawn out of respect for national interest and following the intervention of well-meaning Nigerians within and outside the government.

 

PRESIDENT BUHARI WAS NOT MISINFORMED—HE ACTED ON FACTS AND LAW

 

Ms. Usman’s claim that former President Muhammadu Buhari was “misinformed” when he reversed her actions is false, disrespectful, and disingenuous.

 

Following a meeting that our Chairman had the privilege of holding with President Buhari in 2018, he presented the matter to the President, who then directed the Office of the Attorney General of the Federation to conduct a thorough legal review and investigate the situation. The AGF invited all parties, including Ms. Usman, to several meetings. We never saw her at any of them.

 

Nevertheless, the AGF proceeded to undertake a comprehensive review of the contract, the litigation, the arbitration clause, and all correspondence and actions by BUA and NPA. The legal advice (attached herewith) found that the termination was unlawful, the decommissioning was without any legal basis, and that BUA’s rights should be reinstated.

 

It was on this basis that President Buhari ordered the reversal of her unlawful actions. His intervention preserved the sanctity of the contract, saved over 4,000 jobs, and BUA’s $500 million integrated investment cluster involving flour, pasta, and sugar processing facilities, which were all dependent on terminal access. For this, we remain deeply grateful to former President Buhari.

 

As our Chairman said in his interview, imagine if he weren’t privileged to have access. Nonetheless, this culture of impunity has been significantly curtailed under President Tinubu’s leadership, as many are aware that they could be dismissed or imprisoned if they abuse their positions.

 

POST-HADIZA: DUE PROCESS RESTORED, INVESTMENT RESUMED

 

Following Ms. Usman’s removal from office, the NPA, under new leadership, implemented the AGF’s position. In 2022, BUA was granted formal approval to resume reconstruction works. The contract was awarded to TREVI, and BUA has since invested over $65 million—entirely self-funded and with no recourse to public funds or subsidies. Work is ongoing, and completion is expected in the first quarter of 2026.

 

THE REAL DANGER: INVESTOR CONFIDENCE AND THE RULE OF LAW

 

We must state clearly that this matter goes beyond BUA. Had Ms. Usman’s actions been allowed to stand, it would have sent a disastrous signal that contracts in Nigeria are worthless, court orders are optional, and public institutions or individuals can act unilaterally without consequence. We must never return to that era.

 

 

Nigeria’s reform success today is rooted in respecting contracts, due process, and investor confidence—principles being restored under President Tinubu’s administration, under which BUA has committed over $1 billion in new investments across energy, food processing, manufacturing, infrastructure, and social interventions.

 

 

We wish to emphasise that Ms. Usman is entitled to her opinions, irrespective of how distorted they may be. However, she is not entitled to distort the facts or rewrite history. We do not seek a public spat and would like her to concentrate on fulfilling her duties in her new role under the strong leadership of President Tinubu.

 

 

We therefore simply restate the facts that Ms Hadiza Bala-Usman had no authority to decommission Terminal B unilaterally. She also acted in defiance of a court injunction and contractual procedure, and her actions caused significant economic loss of over USD10 million, reputational risk to BUA, and investor concern for Nigeria.

 

Our core message remains the same: public office should be viewed as a position of trust rather than a platform for personal biases. Those granted public power need to resist the temptation to let prejudice, ego, and vendetta influence their actions.

 

If Ms Hadiza Bala-Usman believes she acted lawfully, we challenge her to cite the specific clause or clauses that guided her unlawful actions. If not, let the facts remain where they belong — in the public record.

 

Signed,
BUA Group
May 31, 2025

 

FLOUTING CONTRACTUAL OBLIGATIONS, DEFYING COURT ORDERS, AND DISREGARDING ARBITRATION: THE FACTS BEHIND HADIZA BALA USMAN'S ABUSE OF OFFICE AS NPA MD

 

FLOUTING CONTRACTUAL OBLIGATIONS, DEFYING COURT ORDERS, AND DISREGARDING ARBITRATION: THE FACTS BEHIND HADIZA BALA USMAN'S ABUSE OF OFFICE AS NPA MD

 

FLOUTING CONTRACTUAL OBLIGATIONS, DEFYING COURT ORDERS, AND DISREGARDING ARBITRATION: THE FACTS BEHIND HADIZA BALA USMAN'S ABUSE OF OFFICE AS NPA MD

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