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N2.2bn Fraud: EFCC presents four witnesses against Ex-Ekiti governor, Ayo Fayose

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The Economic and Financial Crimes Commission, EFCC, on Monday, November 19th, opened its case against a former governor of Ekiti State, Ayodele Fayose, who is being prosecuted for an alleged N2.2bn fraud before Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos .

 

Fayose was arraigned alongside his company, Spotless Investment Limited, on October 22, 2018 on an 11-count charge bordering on fraud and money laundering to the tune of N2.2bn.

 

The former governor is facing trial in connection with N1.299bn and $5.3m out of the N4.65bn slush funds allegedly shared by the Office of the National Security Adviser, NSA, through a former Minister of State for Defence, Musiliu Obanikoro.

Fayose pleaded not guilty to the charges preferred against him and was granted bail in the sum of N50m with one surety in like sum. The Judge had adjourned to Monday, November 19, 2018 for the commencement of trial.

In the course of the sitting, a prosecution witness, Lawrence Akande, told the court that one Abiodun Agbele informed him sometime in June 2014 that he had about N1.2 billion cash lodgement to make in Akure,Ondo State.

Akande, an employee of Zenith Bank Plc in charge of South West comprising Ogun, Oyo and Osun States, further told the court that he subsequently received a call from the first defendant in respect of the same issue earlier discussed with him by Agbele.

“Since the lodgement was in Akure, I had to call my colleague there to follow up on it. This is all I know about it, ” he added.

When asked if he knew about the company, Spotless Investment Limited, Akande, who was led in evidence by the prosecution counsel, Rotimi Jacobs, SAN, stated that it was one of his bank’s customers at the Dugbe branch.

When he was shown the account opening document of Spotless Nigeria Limited, De Privateer Limited and Still Earth Limited as well as account document of the first defendant, the witness confirmed the documents. They were tendered and admitted in evidence as exhibita A-D by the court.

When asked where the account of the first defendant was domiciled, he said: ” It is not domiciled within my domain. “But from the documents before me here, I can see Apapa”, he said.

Asked to state if the People’s Democratic Party, PDP, maintained an account with his bank, the witness said so many parties, including PDP, had accounts with his bank.

Under cross-examination by counsel to the first defendant, Kanu Agabi, SAN, the witness told the court that he made statements to the EFCC on June 6, 2016. He, however, said that he did not mention the first defendant in his earlier statement. “I only mentioned him in my subsequent statements to the EFCC ,” he added.

When the defence counsel told him that his evidence was based on what he was told by his colleague, whom he said handled the transactions in Akure, he responded that “I was told how the cash was processed.”

He also stated that he had sought patronage by the first defendant for opening of government account with his bank in line with his responsibility of looking for deposits.

During cross-examination by counsel to the second defendant, Olalekan Ojo, SAN, Akande confirmed to the court that a person who is not a signatory to an account cannot make withdrawals from such account.

“There are withdrawal limits in every account and where withdrawals are to be made above the stipulated limits, it is reported to the Nigeria Financial Intelligence Unit (NFIU) to investigate such transaction,” he further stated.

When asked if his bank ever lodged any report of suspicious transactions on the various company accounts, he said: “We had no reason to do so.”

Also, when asked if he told the EFCC that before the account opening of De Privateer, the sum of N200 million was lodged in the account, he answered in the affirmative.

When asked if he was aware that the PDP organised a fund raiser before the election and that political parties do organise fund raising, the witness said, ” It is not impossible. But I don’t know.”

Akande, who confirmed that he had not had any dealing with the account of the second defendant, also told the court that the CCTV installed in the bank usually captures customers making lodgements in the bank, except it is faulty.

A second prosecution witness, Abiodun Oshodi, who is the Zonal Head of the bank covering South West 2 comprising Ondo, Kwara and Ekiti, recalled some developments in 2014 in relation to the case, saying, “I received a call from my colleague (Akande) that Agbele would be coming to make some lodgments and that I should organise a bullion van. I waited for Agbele who arrived with one Sadiku and some escorts. Senator Musiliu Obanikoro, the then Minister of State for Defence, and his aide, also accompanied them. As soon as the aircraft arrived, I moved with the bullion van towards the plane to evacuate the money.

“The total sum amounted to N1.2 billion. They were lodged into accounts supplied by Agbele. Others include Spotless Nigeria Limited, De Privateer Limited as well as personal account of former governor, Fayose. Some cash were taken to Ado-Ekiti.”

When asked to look at the deposits in the account of Spotless Limited from June 17 to Aug 4, 2014, Oshodi, who also supervises all branches in the three localities, told the court that there was a lodgment of N100 million on June 17. On June 23, there was a cash lodgement of N49 milion. On June 24, there was a cash lodgement of N200,000 while on August 4, there was a cash lodgement of N40 million.

“On same August 4, there were also cash lodgements in the sums of N35 million, N35 million, N24 million, N20 million and N14 million respectively,” he added.

The witness told the court that Agbele made the deposit on June 17.

He, however, said that from the statement before him, the depositor’s name on August 4 was given as Ayo.

A third prosecution witness, Olaitan Fajuyitan, a banker in Diamond Bank, told the court about the involvement of the bank in the transaction, saying , “We received payment instructions on June 16, 2014 to pay cash of N1.2bn. We then moved the funds to CITS account. On the same process on June 17, 2014, we paid N200 millon.”

The account details, account statement and instructions were tendered and admitted as exhibit E.

He confirmed to court that the money was legitimate, since it was received from the Office of the National Security Adviser NSA, through the Central Bank of Nigeria, CBN.

PW3 mentioned the beneficiaries of disbursement funds as: Santuraki Bello( N200m); Yusuf Ulama (N120m); Chmenun Injoku( N250m); Josaha Moses( N250m); Abubaka Sodiq Zanna (N200m) and Franklin Tolani (N150m), respectively.

Also, the fourth prosecution witness, PW4, Damola Otuyemo, Head, Cash in Transit in Service, Diamond Bank, said his duties involved evacuating cash from a bank that has surplus and supplying banks that do not have enough.

He said on June 16, 2014, his Director, Premier Oiwoh, informed him that they needed to pay a sum of N1.2bn cash to a customer, and that he should get the cash ready.

He said because the beneficiaries were not available to pay the cash to, he was told by his Director to move the cash to the airport.

He said: “We had to contact a company that operates bullion vans and moved the cash to the Muritala Muhammed Airport, Ikeja, Lagos .

“On getting to the Airport, we could not have access to enter. So, my Director spoke to Gbolahan Obanikoro, who was described as the person that could help us to proccess the pass. He did and we then entered. After, this Musilu Obanikoro was phoned and the cash was handed over to him. Obanikoro told me not to evacute the cash because it had to be loaded in aircraft”, he said

Giving further evidence, he said: ” The whole cash was moved into the aircraft and they left the airport.

“We did not see the six beneficiaries. We released the cash to Mr Musilu Obanikoro, having been identified by my Director. It was Obanikoro who signed for the money. On June 17, 2014, my Director called me and instructed that I pay a sum of N200m to Malik Bauchi. He said we should waive identification.

“But because the amount was too much, we did not waive the identification, and the money was paid to Obanikoro. They used a cash bag called “jumbo bags” to pack N1.2bn and Ghana- must-go bags to pack N200m. The cash was handed over to Musliu Obanikoro”.

Justice Olatoregun adjourned the matter to January 21 and 28, 2019 for continuation of trial.

 

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Rescue Mission 2.0: Why Governor Dauda Lawal Should Continue Rebuilding The Future Of Zamfara Through Investment in Education

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Rescue Mission 2.0: Why Governor Dauda Lawal Should Continue Rebuilding The Future Of Zamfara Through Investment in Education

By: Bashorun Oladapo Sofowora

 

For those who know Zamfara State before Governor Dauda Lawal became Governor will appreciate the current situation in the state. The state, which used to be in the rubble, has been reconstructed into a powerhouse within its geographical location and has become an envy of others. All thanks to the visionary rescue mission 1.0 spearheaded by Governor Dauda Lawal, PhD, in 2023, when he was elected Governor of the agrarian and mineral-rich state.

Just three years ago, education in Zamfara State was in a Comatose state. It was nonexistent. No functional primary and secondary schools conducive to learning. The narrative was one of despair: schools as ghost towns, examination halls locked by creditors, and a generation of children seemingly abandoned by systemic neglect. But for Governor Dauda Lawal, a leader who views governance not as a relay race but as a rescue mission, the story has changed with just three years in charge of the affairs of the state.

When he assumed office, the education sector wasn’t just ailing; clinically, it was on life support. Massive debts had piled up, teachers had vanished into thin air and the number of out-of-school children was skyrocketing on a daily basis. However, two years into the “Lawal era,” the sound of silence in Zamfara’s classrooms has been replaced by the sound of flipping of new textbooks and the scratching of pens on examination answer sheets.

One of the cruellest legacies Governor Lawal inherited was the hostage crisis of student futures. Students could not write exams, classes were dilapidated and qualified teachers. Past administrations had failed to remit examination fees to the West African Examinations Council (WAEC) and the National Examinations Council (NECO). Consequently, thousands of bright Zamfaran students saw their results withheld not because they failed, but because the state failed them. Some had to travel to neighbouring towns like Sokoto, Katsina and Kano to enrol for exams risking their lives.

In a dramatic move that sent shockwaves through the opposition, Governor Lawal reached into the state’s coffers and cleared the backlog of a staggering: ₦1.4 billion to WAEC covering debts from 2018 to 2022, and a combined payment of over ₦1.34 billion to NECO covering debts from 2014 to 2021. The immediate effect was the release of all previously withheld results, allowing students to finally apply for higher education. Furthermore, the state fully funded the 2024 WAEC examinations, ensuring that no child was barred from sitting for their finals due to a lack of funds.

Governor Lawal after his swearing in, declared a State of Emergency on Education in November 2023, this meant that governance moved from the air-conditioned offices in Gusau to the muddy fields of rural schools across the state. He rolled his sleeves and got to work almost immediately fixing the rot he met. Available data from the Zamfara State Government reveals that the state has embarked on the construction and renovation of over 500 schools across all 14 Local Government Areas. This is not a cosmetic paint job, the administration is investing in modern, safe, and dignified learning environments:

Classroom Revolution: Through the UBEC-ZSUBEB Matching Grant and AGILE projects, contracts worth over ₦5.9 billion have been awarded to build schools meeting global standards.

Furniture Supply: The administration has distributed over 12,000 two-seater desks for students and over 1,000 chairs for teachers, ending the era where pupils sat on bare floors to learn.

Recruitment of more teachers and supply of more textbooks: Infrastructure without manpower is a shell. When Governor Lawal looked at the teacher-to-pupil ratio in the state, he saw a crisis. In a decisive move to reverse the brain drain, he approved the massive recruitment of 2,000 qualified teachers.

The recruitment is strategic, the first batch of 500 focuses on critical science subjects (English, Mathematics, Chemistry, Physics), preparing Zamfaran youth for the 21st-century economy. The government is also finalising a 120-day Rapid Intervention Action Plan to audit payrolls, map schools, and secure school environments from illegal encroachment.

For the 2025 fiscal year, Governor Lawal presented a “Rescue Budget 2.0” of N545 billion. The largest single allocation, N79.6 billion, representing 14% of the entire budget, went to Education. For 2026, the proposed budget allocates an additional N65 billion to sustain this momentum. However, a journey to the Renaissance is not complete. It is at this critical inflexion point that the people of Zamfara face a defining choice. Before Governor Lawal, Zamfara was a state where students were barred from exams due to unpaid debts. Today, those chains are broken completely. But the enemy of progress is not just failure; it is interruption. The gains made in education are still fragile and need continuous consolidation. The newly recruited teachers need continuous training and the 500 renovated schools need constant security and maintenance. The unified Education Sector Bill, designed to create a seamless system from early childhood to tertiary level, is still awaiting full legislative maturity.

To stop the “Rescue Mission 2.0” now would be to hand the baton back to those who drove the system into educational bankruptcy. The same political forces that allowed the debt to accumulate to over N2 billion are already regrouping eyeing 2027. They promise something different, but their records speak of withheld results and abandoned classrooms. Governor Dauda Lawal is not merely constructing classrooms; he is dismantling the architecture of ignorance that held Zamfara backwards for decades. He has proven that with political will, the “Education Governor” can turn around a sector that was declared dead.

To secure this legacy, to ensure that children never again sit on bare floors and to guarantee that WAEC and NECO never again hold Zamfaran results hostage, the mission must continue for a secured future. The vote for continuity is a vote for the future. By re-electing Governor Dauda Lawal, Zamfara will not just be learning to read and write, but also to win in all ramifications and also put the state on a winning streak.

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Tinubu Is the ‘Surgeon’ Nigeria Needs; Opposition Lacks Courage for 2027 — Ogra

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Top Presidential Aide Reveals Why Student Loan Program Is A Game Changer

Tinubu Is the ‘Surgeon’ Nigeria Needs; Opposition Lacks Courage for 2027 — Ogra

 

 

ABUJA — Senior Special Assistant to the President, O’tega Ogra, has defended the reform agenda of President Bola Ahmed Tinubu, describing him as a “surgeon” prepared to take difficult but necessary decisions to stabilise Nigeria’s economy, while criticising opposition figures ahead of the 2027 general elections.

 

 

In a statement titled “My thoughts on the APC, President Bola Tinubu’s reforms, and the opposition,” Ogra, popularly known as ‘The Tiger,’ said many opposition leaders lack the political will required to implement tough but beneficial policies.

 

 

‘Surgeon vs Bystander’

Drawing a medical analogy, Ogra likened the President’s leadership style to that of a specialist willing to carry out life-saving surgery, while portraying critics as passive observers.

 

 

“The difference between President Bola Ahmed Tinubu and them is like comparing a surgeon willing to take a difficult but life-saving decision in the operating theatre, and a bystander more concerned with applause than outcome,” he said.

 

 

He argued that while the President is willing to endure short-term criticism in pursuit of long-term national stability, the opposition remains driven by populist considerations that could delay meaningful progress.

 

 

Structural Reforms Underway

Ogra dismissed claims that the administration’s policies are superficial, insisting they represent fundamental changes aimed at correcting longstanding economic distortions.

 

 

He cited developments in the oil and gas sector, including efforts to promote domestic refining and eliminate what he described as fraudulent subsidy regimes, as measures targeted at blocking revenue leakages. He also referenced fiscal reforms designed to boost government revenue and support infrastructure and social investments.

“These decisions are not politically convenient. They demand resolve,” Ogra said, adding that history tends to favour leaders who undertake systemic reforms rather than those who “manage decline.”

Criticism of Opposition

The presidential aide said opposition parties have “a lot to learn” from the internal workings of the ruling All Progressives Congress (APC), accusing rival groups of failing to present clear and workable policy alternatives.

According to him, criticism in a democracy must be accompanied by substance and conviction.

“Nigeria does not need rehearsed outrage. It needs tested ideas and leaders willing to stand by them when it matters most,” he added.

Outlook on Reforms

While acknowledging that the reforms may take time to fully materialise, Ogra expressed confidence that early signs across key sectors point to a more resilient economy and improved fiscal discipline.

He concluded that leadership is ultimately defined by the ability to make difficult and sometimes unpopular decisions, insisting that such choices are essential for building a strong and stable nation.

 

https://x.com/i/status/2046479270764011668

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Top Reps Aspirant, Abudu-Balogun Assures Constituents of Inclusive, Progressive Representation

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Top Reps Aspirant, Abudu-Balogun Assures Constituents of Inclusive, Progressive Representation

 

It is an incontrovertible fact that Watersiders should GET IT RIGHT this time around by overwhelmingly support this distinguished Watersider, Hon. Abudu-Balogun to emerge as the Candidate of APC for the Federal House of Representative in the 2027 elections.

Apart from being a respected politician among the creme-de-la-creme professionals in politics in Ogun State, and undoubtedly a prominent grassroots politician of Waterside extraction, Hon. Abudu-Balogun has seen it all in National politics that will be of great benefits to the Federal Constituency if eventually elected.

 

Hmmm! With the emergence of the distinguished Senator Solomon Adeola (Yayi) as the consensus Governorship candidate of APC in Ogun State, Waterside agitation for enduring developmental projects and its realisation like Deep Sea Port, assumption of Oil producing LGA via Eba Oil deposits, sustainable Electricity Supply would be a walk-over. This anaysis is predicated upon a scientifically established empirical evidence that Hon Abudu-Balogun is a sustainable Bridge between this Federal Constituency and the Powers that be at Federal level.

 

He has the competence, he posseses the Capacity, he has the cognate political experience, he has fortified the developmental blueprint, he has worked tirelessly, and earned the link to facilitate the expected developmental projects to this Federal Constituency.

 

Above all, Hon Abudu-Balogun has concluded political and economic arrangements to galvanise support in all respects from the main actors at the National and sub-national levels in the country for the tasks ahead.

 

TENI NI TENI. This is the time TIME FOR “ACTION” in the realisation of the enduring Developmental Agenda (that has been eluding us from time immemorial) for the entire Federal Constituency, particularly, our dear Ogun Waterside LGA.

 

Distinguished Watersiders, particularly, the comrade professional politicians and the astute Professionals in politics, please factcheck this. Hon Abudu-Balogun is a very popular and honoured politician in Ijebu-North LGA, he is cherished and respected professional in politics in Ijebu-East LGA, he is a consistently consistent rare breed politician in Waterside who has the interest of Waterside development at heart.

 

ACTION needs our support, he needs our endorsement at this political turning point of our dear LGA, the Wealth Side of Ogun State.

Iwe teni, iwe teni, iwe teni o.

Ajuse ri Dede Eni o.

Happy Sunday to us all.

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