News
Corruption leaks: Pressure mounts on Buhari to probe Bagudu, Obi, others
There is increased pressure on President Muhammadu Buhari to probe one of his key allies, Kebbi State Governor, Atiku Bagudu; a PDP chieftain and former Governor of Anambra State, Peter Obi and all Nigerians fingered in the Pandora Papers, the latest leaks of financial documents in the world.
Pandora Papers released this week have exposed the secret wealth and dealings of world leaders, politicians and billionaires including influential Nigerians.
Aside from Bagudu and Obi, a former Chief Justice of Nigeria, serving and former lawmakers, a pastor and many other high-profile citizens have been mentioned in money laundering cases, flouting “extant laws and legislations” as they hide their assets in the notorious secrecy jurisdictions.
With the latest leaks, civil society groups and other critical stakeholders in the country are calling on President Buhari to direct relevant agencies to probe all those mentioned in line with his administration’s stance on corruption.
The investigation is part of the global International Consortium of Investigative Journalists (ICIJ)-led Pandora Papers project.
The project saw 600 journalists from 150 news organisations around the world including from Nigeria’s Premium Times sieving a trove of 11.9 million confidential files, contextualising information, tracking down sources and analysing public records and other documents.
Bagudu in the storm
Governor Bagudu, who chairs the Progressive Governors’ Forum (PGF), is currently in the eye of the storm over the controversial wealth he allegedly got through late General Sani Abacha, a former Head of State.
There have been reports on how Bagudu used phoney companies to siphon and move funds allegedly stolen by Abacha but the governor has denied the stories.
In the latest leaks, Bagudu was said to have dispatched a delegation to Singapore in search of a new haven to shelter funds, which is a target of ongoing forfeiture proceedings by the United States Department of Justice.
It was reported that huge funds, warehoused offshore, are part of billions of dollars Bagudu helped the Sani Abacha family to steal from Nigeria in the 1990s. His brother, Ibrahim was also fingered in scandal. At the moment, Bagudu is one of the three governors close to the presidency.
Because of his closeness to the presidency and the chairman of the APC National Caretaker Committee, Mai Mala Buni, Bagudu is playing a key role in the politicking for the emergence of the next national chairman of the ruling party and who picks the presidential ticket of the party.
The Kebbi governor has not responded to calls and a text message by one of our reporters.
However, in a written response to Premium Times, Bagudu’s lawyers said the governor used legal processes in all his dealings.
Obi, ‘Mr good governance’, in corruption scandal
According to the leaks, former Governor Obi allegedly contracted Acces International, a secrecy enabler in Monaco, France, to help him incorporate an offshore entity in one of the world’s most notorious tax havens noted for providing conduits for the wealthy and privileged corrupt political elites to hide stolen cash.
The former governor, who served as running mate to PDP presidential candidate in the 2015 general elections, Atiku Abubakar, also allegedly paid Acces International to provide nominee directors for the company.
These directors are residents of tax havens paid to sit on boards of companies to hide the identities of real owners of offshore firms, the report perused by the Premium Times, showed.
Acces International officials, who reportedly took briefs from Obi and or his representatives, headed to the British Virgin Island where they contracted a local registered agent – Aleman Cordero Galindo & Lee Trust (BVI) Limited (Alcogal) – to set up Gabriella Investments Limited for the former governor.
When contacted, the former governor told the Premium Times that he was unaware that the law expected him to declare assets or companies he jointly owned with his family members or anyone else.
“I don’t declare what is owned with others. If my family owns something I won’t declare it. I didn’t declare anything I jointly owned with anyone,” Obi said.
‘Use lead, go after them’
The Executive Director, Civil Society Legislative Advocacy Centre (CISLAC) and Head of Transparency International (TI) Nigeria, Auwal Musa Rafsanjani, told Daily Trust that the naming of some Nigerians on the Pandora leaks was disturbing.
“The failure of the government to investigate and prosecute issues raised in the Panama Papers has emboldened these individuals. There is a need for the government to investigate these discoveries irrespective of the political affiliation of the individuals.
“Our expectations and next steps on this matter are that the government empowers the Code of Conduct Bureau with staff and resources to properly carry out investigations on asset declarations.
“Multinational companies, lawyers and accountants who enable individuals to launder money should also be fined and sanctioned to deter others,” Rafsanjani, who is also the Chairman, Transition Monitoring Group (TMG), said.
He posited that the nation’s anti-graft agencies should coordinate with their counterparts in other countries and exchange information to enable proper prosecution of these cases.
Also speaking, the Executive Director, Peering Advocacy and Advancement Centre in Africa (PAACA), Ezenwa Nwagwu, a lawyer, told Daily Trust that the Pandora and previous leaks confirm what Nigerians and others already knew that the ruling class was a huge drain on the nation’s common patrimony, as they abused public trust for private gain without consequence.
“Sadly, we are likely going to see this same government blow some hot air as those before it did, since it is obvious, they read from the same textbook, even if they take action which does not go beyond a court action.
“Our Judiciary and a section of the media are good comfort for the corruption,” he said.
In his social media post, Barrister Audu Bulama Bukarti urged President Buhari to constitute a special probe panel.
The post reads: “How Governor Bagudu hid his portion of the Abacha loot exposed by the #PandoraPapers.
“If Buhari were ever serious about fighting corruption, he would institute a special panel on the #PandoraPapers. Peter was exposed yesterday. Today, Badugu. More coming.”
Reach out to EFCC, justice ministry – Presidency
When contacted to comment on the Pandora Papers and what they planned to do, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said, “Before you come to the Presidency, I will advise you go to the EFCC and the ministry of justice because they are responsible.
“Let them advise and let us know what they are saying.”
The law should take its course – APC
The ruling All Progressives Congress (APC) said whoever was found guilty by a court of competent jurisdiction for stealing the nation’s money should not be spared.
The party said those found guilty on the issue of Pandora papers should be sanctioned in line with the provisions of the law.
The Deputy National Publicity Secretary of the APC, Yekini Nabena, told Daily Trust in a telephone chat yesterday that no one found guilty of corruption including APC members should be spared.
PDP mum
Efforts to get the reaction of the National Publicity Secretary of the Peoples Democratic Party (PDP), Kola Ologbondiyan, were not successful.
As of the time of filing this report, Ologbondiyan did not reply to text messages sent to his mobile number.
ICPC, CCB study leaks, EFCC silent
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said the leaks were being studied.
Spokesperson for the commission, Azuka Ogugua, said in a text message, “ICPC is the secretariat for the Inter-Agency Committee on Stopping Illicit Financial Flows from Nigeria. As a commission and as a committee, we are studying the report and our findings will determine our reaction.”
Contacted to find out what the Economic and Financial Crimes Commission (EFCC) intends to do, the commission’s spokesperson, Wilson Uwujaren, did not respond to Daily Trust’s enquiry.
But sources at the anti-graft agency disclosed that the commission would have to wait for the Presidency’s directives on the issue before taking any step.
A senior official of the Code of Conduct Bureau (CCB), who spoke on condition of anonymity because he was not authorised to speak, said the bureau was still studying the paper.
“We are yet to understand the proposal what it is. Of course, if anything is found, we will act. There is no time limitation on criminal offences,” he said.
Daily Trust
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Education
Oyo Muslim Leaders Receive Saudi Delegation, Intensify Drive for Muslim College of Nursing
Oyo Muslim Leaders Receive Saudi Delegation, Intensify Drive for Muslim College of Nursing
OYO, August 1, 2026 – Muslim leaders in Oyo Kingdom on Saturday received a high-powered delegation from the Kingdom of Saudi Arabia in a visit that underscored growing collaboration in education, healthcare and Islamic development, with renewed commitment towards the establishment of a Muslim College of Nursing in Oyo.
The delegation was accorded a warm reception at a gathering attended by prominent Islamic scholars and community leaders from Oyo Land.
Among the dignitaries present were the Grand Chief Imam of Oyo Land, Fadhilatu Shaykh Imam Bilaal Husayn Akinola Akeugberu; Ash-Shaykh Sulayman Akhyar, who served as the special guest; Ash-Shaykh Mainasaro, the Ameerul Muslimeen; the Aare Musulumi of Oyo Land, Alhaji Adebayo Kamarise; the Chairman of the Muslim Community of Oyo Land; Khalifa Hasbunallah Al-Oyowiyy; and several other religious leaders and stakeholders.
The gathering focused on mobilising support for the proposed Muslim College of Nursing, an initiative aimed at expanding access to quality healthcare education while promoting excellence in professional training within the Muslim community.
In his welcome address, the Grand Chief Imam of Oyo Land, Shaykh Bilaal Husayn Akinola Akeugberu, expressed appreciation to the Saudi delegation and other distinguished guests for identifying with the vision of establishing the institution. He described the proposed college as a strategic investment in human capital development that would benefit not only Muslims but the wider society.
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Also present at the event were the Muslim Ummah of Oyo Land and Fadhilatu Shaykh Dr. Rofeeu Adisa Ballo, who joined other leaders in reaffirming their commitment to ensuring the successful establishment and growth of the proposed college.
Speakers at the event stressed the importance of strengthening educational and healthcare institutions capable of producing highly skilled professionals while nurturing moral and ethical values rooted in Islamic teachings.
Special prayers were offered for the success of the proposed institution, with participants praying that Almighty Allah bless the sponsors, donors, scholars and all individuals contributing to the realisation of the project.
The visit also featured discussions on strengthening the longstanding relationship between the Muslim community in Oyo Kingdom and the Kingdom of Saudi Arabia. Participants emphasised the need for sustained cooperation in religious, educational and humanitarian programmes aimed at advancing the welfare of the Muslim Ummah.
In a symbolic gesture that drew commendation from attendees, the Grand Chief Imam granted approval for the head of the Saudi delegation to lead the Jumu’ah prayer at the Oyo Central Mosque, Akesan.
The honour, according to participants, reflected the spirit of Islamic brotherhood, mutual respect and unity among Muslims across national boundaries.
Addressing the gathering, the Chief Imam reiterated that Islam encourages peace, dialogue and cooperation among believers, urging Muslim communities around the world to work together in promoting justice, harmony and understanding.
He said such partnerships remain essential to addressing contemporary challenges through education, religious enlightenment and community development.
Responding on behalf of the delegation, its leader expressed gratitude to the Chief Imam, traditional Muslim leadership and the people of Oyo for the warm reception accorded the visitors.
He described the opportunity to lead the Jumu’ah prayer as a great honour and reaffirmed Saudi Arabia’s commitment to strengthening religious cooperation and supporting initiatives that promote peace, unity, education and mutual understanding among Muslims.
The delegation noted that collaborations centred on education and healthcare development would contribute significantly to the growth of Muslim communities and the overall advancement of society.
The event concluded with prayers for enduring peace, stability and prosperity in Nigeria, Saudi Arabia and the global Muslim Ummah.
Participants described the visit as a landmark engagement that not only reinforced the bonds of brotherhood between Oyo Muslims and their Saudi counterparts but also provided renewed momentum for the actualisation of the Muslim College of Nursing, which they said would serve generations of students and healthcare professionals.
Oyo Muslim Leaders Receive Saudi Delegation, Intensify Drive for Muslim College of Nursing
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News
CJN orders lawyers to stop using ‘Barrister’ before their names
News
FG to phase out electricity subsidy from 2027 as power sector debts rise
FG to phase out electricity subsidy from 2027 as power sector debts rise
The Federal Government has announced plans to gradually phase out electricity subsidies from 2027 as part of efforts to address rising debts in the power sector, improve financial sustainability and strengthen electricity supply across the country.
Minister of Power Joseph Tegbe disclosed the plan during a media interactive session on Friday, saying the government would introduce the changes gradually while ensuring that Nigerians continue to have access to electricity.
Tegbe said the Federal Government had received a mandate from President Bola Tinubu to clear outstanding debts in the electricity industry and establish a sustainable system that would prevent the accumulation of new obligations.
“We have the mandate of Mr President to clear the legacy debt and come up with sustainable structures to make sure this doesn’t pile up any more,” the minister said.
He expressed confidence that the government would bring an end to the current electricity subsidy arrangement in 2027 while working to improve the quality and reliability of power supply.
“I promise you, next year, by God’s grace, we will put a stop to this so-called subsidy in the power sector,” Tegbe said.
The minister assured consumers that the planned reforms would not result in a loss of access to electricity services.
According to him, the government’s objective is to reduce the financial burden created by the subsidy system while improving the performance of the electricity sector.
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“Mr President, we will not deprive Nigeria of anything. We’ll make sure Nigerian consumers continue to have power and improve power services,” he added.
Tegbe also stated that there was no immediate plan to increase electricity tariffs, despite concerns that the proposed phase-out of subsidies could lead to higher electricity bills.
However, the minister did not provide details on the timetable for the subsidy withdrawal, the categories of consumers that may be affected or the measures that would be introduced to protect low-income and vulnerable households.
The planned reform comes amid growing concerns over the financial challenges facing Nigeria’s electricity industry.
The Federal Government previously estimated the cost of electricity subsidies at about ₦3 trillion as of February 2024, while power generation companies, known as GenCos, have continued to report significant unpaid obligations.
The Association of Power Generation Companies has said electricity generation companies are owed about ₦6.5 trillion, raising concerns about the financial health of the sector and its ability to sustain electricity generation.
The outstanding debts include unpaid invoices and other obligations linked to electricity supplied to the national grid.
To address the problem, President Tinubu recently approved a ₦4 trillion power sector debt reduction programme aimed at settling verified legacy debts and improving liquidity across the electricity value chain.
The programme is expected to support the payment of outstanding obligations owed to power generation companies and other participants in the sector.
In January 2026, the Federal Government issued an inaugural ₦501 billion bond under the Presidential Power Sector Debt Reduction Programme.
The bond was designed to help settle verified debts owed to electricity generation companies and support efforts to stabilise the sector.
On July 20, the government announced a second tranche of about ₦729 billion to settle additional verified debts owed to power generation companies.
The debt-settlement programme is expected to reduce financial pressure on electricity producers and improve their capacity to maintain operations, pay gas suppliers and invest in power infrastructure.
The proposed subsidy phase-out also aligns with recommendations by the International Monetary Fund (IMF), which has encouraged Nigeria to gradually reduce broad electricity subsidies and adopt more targeted support for households that need assistance.
Supporters of the reform argue that reducing subsidies could improve the financial viability of the electricity market, attract private investment and help power companies maintain and expand infrastructure.
However, consumer groups and businesses have raised concerns that higher electricity costs could increase financial pressure on households and raise operating expenses for companies.
The impact of the proposed reform may depend on the government’s ability to improve electricity supply, expand access to prepaid meters, reduce estimated billing and ensure that consumers receive better services.
Earlier this year, President Tinubu also directed ministries, departments and agencies to apply existing electricity laws in determining how subsidy costs should be shared among the federal, state and local governments in the 2026 budget.
The move is expected to support a more coordinated approach to electricity financing following reforms that expanded the role of state governments in electricity generation, transmission and distribution.
As the 2027 target approaches, the Federal Government is expected to provide more details on the implementation framework, consumer protection measures and the steps that will be taken to prevent the reforms from causing undue hardship.
The government will also face growing pressure to ensure that improvements in electricity generation, transmission and distribution accompany the gradual withdrawal of subsidies.
For many consumers, the success of the policy may ultimately be measured by whether it delivers more reliable electricity, fair billing, improved customer service and better value for money.
FG to phase out electricity subsidy from 2027 as power sector debts rise
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