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EFCC uncovers N37bn fraud in federal ministry, indicts Buhari’s minister, contractor

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Osun Account Freeze: EFCC Insists It Has 72-Hour Power Without Court Order

EFCC uncovers N37bn fraud in federal ministry, indicts Buhari’s minister, contractor

The Economic and Financial Crimes Commission (EFCC), has uncovered a total sum of N37,170,855,753.44 allegedly laundered in the Ministry of Humanitarian Affairs under former minister Sadiya Umar-Farouk, Punch has reported.

Details of the ongoing probe obtained by the newspaper revealed that the money was transferred from the Federal Government’s coffers and sent to 38 different bank accounts domiciled in five legacy commercial banks belonging to or connected with a contractor.

Following receipt of the funds, the contractor allegedly transferred N6,746,034,000.00 to Bureau De Change Operators, withdrew N540,000,000.00 in cash, purchased luxury cars with N288,348,600.00, and bought luxury houses in Abuja and Enugu State with N2,195,115,000.00.

Fifty-three companies were allegedly traced to the contractor, who was also said to have used 47 of the companies to lift Federal Government contracts amounting to N27,423,824,339.86. He is also linked with 143 bank accounts in 12 commercial banks in which 134 accounts are corporate accounts linked to different companies.

Checks by Punch with the Corporate Affairs Commission revealed that Okwete is a director in only 11 of the 53 companies, while the remaining 42 companies’ accounts are only linked to his Bank Verification Number as a signatory to the accounts.

The newspaper reports that the Federal Ministry of Humanitarian Affairs currently serves as the parent ministry to eight agencies, including the National Social Investment Office, the Office of the Senior Special Assistant to the President on Sustainable Development Goals, and the National Commission for Refugees, Migrants, and Internationally Displaced Persons, among others.

Umar-Farouq was the pioneer Minister of Humanitarian Affairs, Disaster Management and Social Development. She was appointed by former President Muhammadu Buhari in July 2019 as the youngest cabinet member.

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Her work with Buhari dates back to his days as the leader and presidential candidate of the defunct Congress for Progressive Change when she was the national treasurer of the party and later the national treasurer of the All Progressives Congress.

She was later appointed minister in 2019 by President Buhari.

The EFCC document revealed, “Between 2018 and 2023, the subject (contractor ) received the sum of N37,170,855,753.44 from the coffers of the Federal Government linked to the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

“The monies were sent to 38 bank accounts domiciled in five legacy commercial banks. The suspect transferred N6,746,034,000.00 to Bureau De Change Operators, N540,000,000.00 withdrawn in cash, N288,348,600.00 used to purchase cars, and used N2,195,115,000.00 to purchase choice properties within Abuja and Enugu State.

“Fifty-three companies were traced to the suspect. He used 47 of the companies to lift Federal Government contracts amounting to N27,423,824,339.86. He is associated with 143 bank accounts in 12 commercial banks in which 134 of the 143 accounts are corporate accounts linked to different companies.”

In 2020, the Independent Corrupt Practices and Other Related Offences Commission said it uncovered N2.67bn meant for the ministry’s school feeding programme in private bank accounts.

The former ICPC Chairman, Prof Bolaji Owasanoye, disclosed that the commission unravelled N2.67bn in personal accounts, being payment made to some federal colleges for school feeding during the COVID-19 lockdown in 2020.

Other discoveries by the ICPC include 18 buildings, 12 business premises and 25 plots of land. Owasanoye said under the Open Treasury Portal review carried out between January and August 15, 2020, of the 268 Ministries, Departments and Agendas, 72 had cumulative infractions of N90m.

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The former ICPC chairman argued that the money was paid when children were not in school.

Despite requests by the Socio-Economic Rights and Accountability Project to Umar-Farouq to publish details and names of the suspects, the former minister failed to reveal their names.

Reacting to this, SERAP had written on its official Facebook page, “Following the disclosure by the ICPC that N2.67bn meant for school feeding during the COVID-19 lockdown ended up in private bank accounts, we’re calling on the Minister of Humanitarian Affairs, Disaster Management and Social Development of Nigeria, Sadiya Umar-Farouq, to immediately publish details of those suspected to be responsible, or face legal action.

“If the names are not immediately published, we’ll issue a freedom of information request to ensure that those involved are named and shamed.

“We’ll also pursue appropriate legal actions to hold suspected perpetrators to account, in the public interest.

“Diverting funds meant to feed school children (who are already disproportionately affected by corruption), especially during COVID-19, is a blatant violation of the rights to education, health, and dignity, as well as the government’s own COVID-19 transparency frameworks.

“Corruption in school feeding increases distrust in the government. The Federal Government must ensure that transparency and accountability measures are fundamental to all school feeding and other initiatives in the context of COVID-19, to ensure the children receive the support they need.”

When contacted over the development, the spokesperson for the EFCC, Dele Oyewale, neither confirmed nor denied the story.

Oyewale simply said, “No comments on that.”

EFCC uncovers N37bn fraud in federal ministry, indicts Buhari’s minister, contractor

(PUNCH)

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Nigerian Pastor, 68, Dies Mid-Air While Returning From US Vacation

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Nigerian Pastor, 68, Dies Mid-Air While Returning From US Vacation
Dr Mrs Asabe Toye

Nigerian Pastor, 68, Dies Mid-Air While Returning From US Vacation

A Nigerian pastor, Dr Mrs Asabe Toye, has reportedly died aboard an aircraft while returning to Nigeria from a vacation in the United States.

The 68-year-old cleric reportedly suffered a medical emergency on October 16, 2026, while travelling with her husband on a flight from the United States to Frankfurt, Germany.

According to reports, the incident occurred during the journey when she suddenly developed a medical complication, prompting efforts by fellow passengers and other occupants of the aircraft to save her life.

Despite attempts to provide medical assistance and prayers offered on board, the pastor reportedly could not survive the emergency.

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Her death has reportedly thrown her family, loved ones and members of her religious community into mourning.

Family appreciates Nigerian Embassy, Customs Service

Following her death, the family expressed appreciation to the Nigerian Embassy in Germany and the Nigeria Customs Service for their assistance in facilitating the necessary clearances and arrangements for the return of her remains to Nigeria.

The family reportedly acknowledged the support of both institutions during the difficult process.

Dr Mrs Asabe Toye has since been laid to rest, according to reports published on Wednesday, November 11.

Her death has also triggered emotional reactions on social media, with Nigerians expressing sympathy and offering prayers for her husband, children and other family members.

Nigerian Pastor, 68, Dies Mid-Air While Returning From US Vacation

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Tinubu’s Chicago Varsity Certificate Row: Omokri Challenges Journalists to Verify Fresh Allegations

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Tinubu’s Chicago Varsity Certificate Row: Omokri Challenges Journalists to Verify Fresh Allegations

Tinubu’s Chicago Varsity Certificate Row: Omokri Challenges Journalists to Verify Fresh Allegations

Nigeria’s Ambassador to Mexico, Reno Omokri, has challenged Nigerian journalists to independently investigate fresh allegations surrounding President Bola Ahmed Tinubu’s academic records at Chicago State University (CSU), insisting that the American institution confirmed the President’s admission, attendance and graduation.

Omokri’s challenge comes amid renewed controversy over Tinubu’s educational background following claims by Dr Pearse Adetokunbo, a former lecturer at Chicago State University, who reportedly questioned whether the Nigerian leader attended or graduated from the institution.

Adetokunbo, who said he worked at the university between 1985 and 1990, reportedly claimed during an interview on News Central Television that he found no evidence of Tinubu’s attendance or graduation. He also raised questions about the identity associated with the President’s academic records and the authenticity of documents attributed to the university.

However, Omokri rejected the allegations, saying he had personally visited Chicago State University and established that Tinubu was admitted, attended classes and graduated.

In a post on his official X account on Monday, November 9, Omokri urged journalists not to rely solely on claims made during television interviews but to travel to the United States and examine the university’s records independently.

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He wrote: “I went to @ChicagoState University and proved that President Tinubu was admitted, attended, and graduated from there.

“I urge Nigerian journalists not to sit in studios peddling gossip, but to also go to Chicago, as I did, and verify.”

Omokri’s response has brought renewed attention to a controversy that has featured prominently in Nigerian political and legal debates, particularly since the 2023 presidential election.

In September 2023, Chicago State University confirmed that Tinubu attended the institution and graduated in 1979 with a Bachelor of Science degree in Business Administration, with a concentration in Accounting.

Documents released during the legal proceedings in the United States showed that the university’s records placed Tinubu’s attendance between August 1977 and June 1979.

The university’s confirmation of his graduation, however, became a subject of further scrutiny during proceedings connected to a case brought by former presidential candidate Atiku Abubakar, who sought access to Tinubu’s academic records.

During a deposition, CSU Registrar Caleb Westberg confirmed that Tinubu graduated from the institution but said he could not authenticate the particular diploma submitted by the President to the Independent National Electoral Commission (INEC), as the university did not have that document in its possession.

The distinction between confirmation of Tinubu’s graduation and authentication of the specific certificate submitted to INEC became a central issue in the legal dispute.

The latest claims by Adetokunbo have therefore reopened public debate over the President’s academic history, while Omokri has maintained that the allegations should be tested against the university’s records rather than accepted without independent verification.

The renewed debate is unfolding against the background of growing political activity ahead of the 2027 general elections, with Tinubu’s opponents and supporters continuing to scrutinise issues relating to his eligibility, background and record in office.

Tinubu’s Chicago Varsity Certificate Row: Omokri Challenges Journalists to Verify Fresh Allegations

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Fuel Prices: FCCPC Warns Marketers Against Denying Nigerians Relief

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Fuel Prices: FCCPC Warns Marketers Against Denying Nigerians Relief
Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello

Fuel Prices: FCCPC Warns Marketers Against Denying Nigerians Relief

The Federal Competition and Consumer Protection Commission (FCCPC) has warned petroleum refiners and marketers against maintaining high petrol and diesel prices despite the recent decline in international crude oil prices.

The Commission said Nigerians should begin to benefit from the reduction in global oil prices, insisting that refiners and marketers have no justification for keeping petroleum product prices elevated if their operating costs have declined.

The Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, gave the warning in a statement issued on Tuesday, November 10, 2026, by the Commission’s Director of Corporate Affairs, Ondaje Ijagwu.

Bello said the Commission was closely monitoring developments in the international oil market to ensure that reductions in crude oil prices translate into lower wholesale and retail prices of petroleum products in Nigeria.

According to the FCCPC, Brent crude, the international oil benchmark, which rose to about $115 per barrel in September, has fallen below $90 per barrel this week.

Despite the decline, petrol prices remain high across major Nigerian cities.

The Commission disclosed that petrol currently sells for between N1,405 and N1,420 per litre in Abuja, while consumers in Lagos pay between N1,325 and N1,370 per litre.

It compared the current prices with those recorded on February 27, before the outbreak of the conflict involving the United States, Israel and Iran, when Brent crude futures closed at $72.48 per barrel.

At the time, petrol sold for between N839 and N925 per litre in Lagos and Abuja.

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Petroleum marketers have attributed the sharp increase in fuel prices over the past eight months to fluctuations in international crude oil prices following the conflict in the Middle East and disruptions to shipments through the Strait of Hormuz, a major global oil transportation route.

However, Bello insisted that sustained reductions in crude oil prices should lead to corresponding decreases in the cost of refined petroleum products.

“If the decline in crude prices is sustained, there is no justification for refiners and marketers to continue to keep petrol and diesel prices relatively high. We expect easing in wholesale petrol costs and for the resulting savings to reach consumers at the pump without undue delay,” he said.

The FCCPC chief acknowledged the financial difficulties Nigerians had experienced because of elevated fuel prices, noting that the Commission was determined to ensure that consumers were not denied the benefits of favourable movements in the international oil market.

He said the Commission would continue working with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other relevant government agencies to monitor wholesale and retail prices across the petroleum supply chain.

Bello also warned that the FCCPC would take appropriate action against operators found engaging in anti-competitive practices or unfair market behaviour that prevented consumers from benefiting from lower production and supply costs.

“Where there is evidence of anti-competitive conduct or unfair practices that prevent consumers from benefiting from lower costs, we will take appropriate action within our mandate,” he added.

The Commission’s intervention comes amid growing concerns over the impact of high petrol prices on transportation, food prices, manufacturing, household spending and the operating costs of businesses.

Although crude oil prices influence the cost of petroleum products, other factors, including refining expenses, foreign exchange rates, transportation, distribution, financing and inventory costs, also affect domestic pump prices.

The FCCPC’s position is that any sustained reduction in costs should be reflected in the market and that consumers should not be subjected to unfair pricing practices.

For millions of Nigerians struggling with high living costs, the major expectation is whether the latest decline in international crude oil prices will translate into meaningful reductions at filling stations.

 

Fuel Prices: FCCPC Warns Marketers Against Denying Nigerians Relief

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