Ex-military chief purchased assets with N4bn stolen fund- ICPC - Newstrends
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Ex-military chief purchased assets with N4bn stolen fund- ICPC

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Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye, has revealed that an ex-military chief stole the sum of N4bn from military budget and deposited it into the accounts of two companies where he is the beneficial owner and sole signatory.

He further stated that the proceeds from the loot were used to purchase properties in Abuja in the names of cronies and proxies of the military chief, and some of the properties paid for by his service were also fraudulently converted to his use.

Owasanoye made this known on Friday during an event tagged, ‘National Policy Dialogue on Corruption and Insecurity in Nigeria’, held at the ICPC headquarters in Abuja.

He noted that research and investigations by the National Security Agency and the ICPC on the issue of insecurity had shown that public sector corruption directly and indirectly enabled insecurity and could sometimes complement it.

He said, “Some former military and security personnel are being investigated by the ICPC and our sister agency (the Economic and Financial Crimes Commission) for embezzlement of funds allocated to security.

“For example, a former head of one of the arms of the military, in the twilight of his tenure, deposited the sum of N4bn from military budget into the accounts of two companies where he is the beneficial owner and sole signatory.

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“The proceeds were used to purchase properties in Abuja in the names of cronies and proxies. Some of the properties paid for by his service were also fraudulently converted to his use.

“ICPC’s prosecution of this high ranking officer to recover all the implicated assets was strangely and perversely frustrated by a recently retired High Court judge who decided to forfeit some of the assets to FGN and the rest left to the suspect.

“While the commission has filed a notice of appeal, this strange development aggravates an already bad situation and escalates insecurity and impunity.”

He noted that cases of job racketeering abound in the security sector, disclosing that many of them were under investigation by the ICPC.

Owasanoye said corruption was a major contributory factor to the continued existence and propagation of insecurity in the country.

The ICPC boss lamented Nigeria’s worsening insecurity challenges, noting that the resulting impact on her economy and image had continued to be cause of concern to Nigerians, including the leaders in the three arms of government and anti-corruption practitioners.

He said, “Another case under investigation is theft of part of special intervention fund approved for security operations by some civil servants in the line ministry who transferred about N1bn to four Shell companies.

“A special investigative team under the leadership of NSA and ICPC recovered some of the diverted assets, including state of the art building located in Abuja and over N220m cash. Investigation on this matter is still ongoing.

“In fact, a clinical diagnosis of the insecurity menace in the country reveals that to effectively combat insecurity, we require the collaborative efforts of security agencies (the military, intelligence, police, customs, Prisons, others), as well as law enforcement and anti-corruption agencies.

“There are also ongoing investigations into military contracts spending. Recently, ICPC arrested a military contractor that received over a period of less than 10 years cumulative sum of about N6bn from the Nigerian Army in suspicious circumstances and in violation of extant legislation.

“The commission’s recovery of huge cash sums in local and foreign currencies, luxury cars, customised mobile phones, designer watches, including three Rolexes, as well as property documents from the premises of the contractor, underscore the corruption that often attend military procurement.”

Security improving – Lawan

Meanwhile, the Senate President, Ahmed Lawan, on Friday said the marching order given by President Buhari to security agencies to flush out terrorists by December is yielding results.

Lawan said the security situation in the country had improved.

The Senate President added that legislators had continued to support the effort of the government to tackle insecurity in the country, as the National Assembly had ensured that the appropriation for defence and security was strengthened year on year.

“(The) security situation in the country has improved in the last one month. Only recently, the President gave a marching order to the Armed Forces to extinguish bandits, kidnappers and other criminal agents that are against the state and her citizens, by December 2022. This administration is committed to achieving this set target.

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Schoolchildren Abductions: Pastor Ibiyeomie Drops Bombshell, Names Sponsors

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Schoolchildren Abductions: Pastor Ibiyeomie Drops Bombshell, Names Sponsors
Pastor David Ibiyeomie

Schoolchildren Abductions: Pastor Ibiyeomie Drops Bombshell, Names Sponsors

The founder of Salvation Ministries, Pastor David Ibiyeomie, has dropped a bombshell allegation that politicians are actively sponsoring the kidnapping of schoolchildren across Nigeria, as the nation grapples with a worsening abduction crisis that has seen over 600 students and teachers taken from their classrooms since 2024.

Speaking during a fiery church service that has since gone viral across social media platforms, the outspoken cleric did not hold back as he tackled the growing insecurity head-on, questioning why security agencies—particularly the Department of State Services (DSS) —have been unable to apprehend those responsible despite possessing advanced tracking technologies. Ibiyeomie made the explosive claim amid a recent wave of abductions involving students and teachers in states such as Sokoto and Oyo, which has sparked nationwide outrage and renewed calls for urgent school safety reforms.

Standing confidently in his signature white attire before his congregation, Ibiyeomie declared that the kidnappers could not possibly be carrying out such large-scale operations without the backing of powerful and influential individuals. He argued that the brazen nature of the abductions—where victims are publicly displayed and ransom demands are widely circulated—points to the involvement of high-profile sponsors who operate with impunity. “They are not just picking these children without sponsors. Politicians must be behind it; they cannot abduct children and publicly display their pictures without support from powerful people,” Ibiyeomie declared to his congregation. The pastor’s comments have since ignited intense debate across Nigeria, with many citizens demanding that security agencies investigate his allegations while others call for concrete evidence to back the claims against political figures.

The clergyman directed sharp criticism at the Department of State Services (DSS) , questioning why the agency has failed to track and arrest the perpetrators despite its technological capabilities and legal mandate. He argued that modern surveillance, phone tracking, and geolocation technologies should make it possible to locate anyone making calls or sending messages in connection with these crimes, yet no arrests have been made. “Do you know that even the DSS can track people and know where they are, so how come they are not tracking these kidnappers?” Ibiyeomie queried during his sermon. The pastor further suggested that the continued success of kidnappers—who operate freely across multiple states—points to the strong possibility of hidden forces actively aiding their operations and shielding them from arrest. “There must be an invisible hand behind it because if you are calling from anywhere, they would know the spot where you are, so how come in Nigeria nobody is ever caught?” he added.

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The pastor’s allegations come against the backdrop of alarming statistics that reveal the true scale of Nigeria’s school abduction crisis under the current administration. According to a media tally compiled from verified reports, no fewer than 603 students and teachers have been kidnapped in seven mass abductions across schools in Nigeria between March 2024 and May 2026 under President Bola Tinubu’s administration. These figures represent only the major incidents and do not account for smaller, unreported abductions in remote communities. The repeated attacks have raised serious questions over the effectiveness of the N145 billion Safe Schools Initiative, a fund introduced after the 2014 Chibok schoolgirls’ abduction to protect educational institutions across the country. Stakeholders have repeatedly blamed weak implementation, lack of basic infrastructure such as perimeter fencing and guard posts, poor security presence in rural schools, and insufficient coordination between federal and state governments for the continued vulnerability of Nigerian schools.

On March 7, 2024, armed men on motorcycles attacked LEA Primary and Secondary School in Kuriga, Kaduna State, abducting 137 schoolchildren in one of the largest mass abductions of the year. Just two days later, on March 9, 2024, gunmen stormed a Tsangaya (Islamic) school in Gidan Bakuso, Sokoto State, abducting 15 students in a raid that highlighted the vulnerability of non-formal education institutions. In November 2025, a deeply troubling incident saw 25 schoolgirls abducted from Maga Comprehensive Girls’ Secondary School in Kebbi State, raising fresh fears about the safety of female students in northern Nigeria. Later in 2025, a staggering 303 students and 12 teachers were abducted from St. Mary’s Catholic School in Papiri, Niger State, marking one of the largest single abductions in recent memory. On May 15, 2026, armed men attacked three schools in Oriire Local Government Area of Oyo State, abducting 39 students and seven teachers. Two teachers—Michael Oyedokun, who reportedly died while in captivity, and Adesiyan Adegboye, who lost his life during the attack—were killed, along with one pupil. Just two days after the Oyo attack, on May 17, 2026, 42 students were abducted after suspected Boko Haram fighters invaded a school in Mussa, Askira-Uba Local Government Area of Borno State, underscoring the persistent threat of Islamist insurgent groups targeting educational institutions.

Switching from political criticism to spiritual warfare, the fiery cleric turned to the Bible to declare divine judgment on all those involved in the criminal enterprise of kidnapping schoolchildren. Quoting Ezekiel 35:6, Ibiyeomie prayed passionately over his congregation: “Everyone sponsoring this evil in Nigeria, let them and their children die by blood,” warning that the sword of judgment would never depart from the wicked. His imprecatory prayer has since sparked heated debate online, with some applauding his boldness while others question the appropriateness of praying for death upon alleged perpetrators. This is not the first time the Salvation Ministries founder has made such dramatic declarations against kidnappers. In a November 2025 video shared on his official Facebook page, Ibiyeomie declared that any kidnapper who abducts a member of his church would die within seven days. “Any kidnapper who dared you before will die in seven days. Anyone that dares any member of Salvation Ministry or any of our loved ones, by Sunday this week, I pronounce them dead,” he had said in the viral video that attracted millions of views.

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Meanwhile, members of the Oyo State House of Assembly have firmly rejected calls for the state government to negotiate with kidnappers over the rescue of pupils and teachers abducted in Ogbomoso on May 15. The lawmakers insisted that the focus must remain on intensified rescue operations, intelligence-led security action, and sustained pressure on the abductors until all victims are freed unharmed. Speaking during plenary, the Speaker of the Assembly, Adebo Ogundoyin, warned that negotiating with kidnappers would set a dangerous precedent that could encourage further attacks and strengthen criminal networks across the state and beyond. “We cannot reward criminality with negotiation. That will only embolden them to strike again,” Ogundoyin was quoted as saying.

The abduction crisis has sparked nationwide protests coordinated by the Nigeria Union of Teachers (NUT) across the Federal Capital Territory and multiple states including Edo, Rivers, Cross River, Benue, Adamawa, Taraba, Anambra, Akwa Ibom, Abia, Osun, Lagos, Niger, and several others. Teachers wearing red armbands have taken to the streets in major cities, demanding immediate government action to secure the release of abducted colleagues and students and to implement lasting safety measures in all schools. In the National Assembly, the Senate resumed plenary after the Sallah recess and observed a one-minute silence in honour of the victims of school abductions. Senate President Godswill Akpabio described the Oyo incident as an attack on Nigeria’s collective humanity, stating: “We resume our work under the mournful shadow of a tragedy that has shaken our nation. The abduction of schoolchildren and teachers in Oyo State is not merely an attack on innocent citizens; it is an assault on our collective humanity.” In the House of Representatives, lawmakers called on the Federal Government and security agencies to immediately secure the release of abducted schoolchildren across the country. They also demanded the urgent implementation of a comprehensive national Safe Schools Security Framework to protect educational institutions nationwide, with specific timelines and accountability measures.

At the time of filing this report, the Department of State Services (DSS) had not issued any official response to Pastor Ibiyeomie’s allegations regarding political sponsorship of school abductions or his questioning of the agency’s tracking capabilities. The agency has historically maintained a policy of not commenting on operational matters or public accusations. However, civil society organizations and concerned citizens have continued to demand transparency and accountability from security agencies as the wave of abductions shows no sign of abating. As Nigeria continues to grapple with this deepening crisis, all eyes remain on security agencies to track down the perpetrators, rescue the remaining captives, and bring an end to the nightmare that has seen hundreds of innocent children torn from their classrooms and held in captivity for weeks and months.

Schoolchildren Abductions: Pastor Ibiyeomie Drops Bombshell, Names Sponsors

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Band A Users to Get Relief as NERC Orders DisCos Compensation Plan

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Band A Users to Get Relief as NERC Orders DisCos Compensation Plan

Band A Users to Get Relief as NERC Orders DisCos Compensation Plan

The Nigerian Electricity Regulatory Commission (NERC) has approved a compensation framework for eligible Band A electricity customers affected by prolonged power shortages across Nigeria, following widespread generation and transmission constraints within the Nigerian Electricity Supply Industry (NESI).

According to a public notice issued on Thursday, the regulator said the decision covers service disruptions recorded between February and March 2026, during which several Distribution Companies (DisCos) failed to meet the minimum supply threshold required under the Band A service-based tariff regime.

The affected DisCos include major operators such as Abuja Electricity Distribution Company (AEDC), Ikeja Electric, Eko Electricity Distribution Company (EKEDC), Ibadan Electricity Distribution Company (IBEDC), Port Harcourt Electricity Distribution Company (PHED), Kano Electricity Distribution Company (KEDCO), Kaduna Electricity Distribution Company (KAEDCO), and Benin Electricity Distribution Company (BEDC).

NERC attributed the shortfall in electricity supply to a combination of inadequate gas supply to thermal power plants, grid constraints, and vandalism of critical gas and transmission infrastructure, which significantly reduced available generation capacity during the review period.

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Under the approved compensation arrangement, feeders that supplied between 18 and 20 hours of electricity daily will still qualify for partial relief under the existing regulatory framework covering both Maximum Demand (MD) and Non-Maximum Demand (Non-MD) customers.

However, customers on Band A feeders that received less than 18 hours of supply daily during the affected months will receive additional compensation. NERC clarified that such feeders will not be downgraded for the period under review despite failing to meet the required service standard.

For Non-MD customers, compensation will be calculated at 20 per cent of the approved February 2026 energy cap applicable to their feeders, while MD customers will receive compensation equivalent to 20 per cent of their average billed energy for February 2026.

The commission directed that prepaid customers should receive compensation through token credits, while postpaid customers will benefit from bill adjustments reflecting the value of the shortfall.

NERC further instructed that DisCos must complete compensation payments for February 2026 by May 31, 2026, while March 2026 compensation must be implemented no later than June 30, 2026.

It also warned DisCos against using compensation credits to offset customer debts, stressing that customers must be clearly informed of the value, period, and basis of the compensation.

The regulator said the intervention is part of ongoing efforts to strengthen consumer protection under Nigeria’s electricity market reform programme, ensuring that tariff increases under the Band A structure are matched with measurable service delivery.

Industry stakeholders have long criticised inconsistent power supply under the Band A classification, arguing that many customers continue to receive less than the promised 20 hours of electricity per day despite paying higher tariffs.

NERC said it will closely monitor compliance by all DisCos and conduct verification exercises to ensure affected customers receive full entitlements, warning that further regulatory sanctions may apply in cases of non-compliance.

 

 

Band A Users to Get Relief as NERC Orders DisCos Compensation Plan

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Four NYSC Members, Soldier, Passenger Killed in Adamawa Road Crash

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Four NYSC Members, Soldier, Passenger Killed in Adamawa Road Crash

Four NYSC Members, Soldier, Passenger Killed in Adamawa Road Crash

Four members of the National Youth Service Corps (NYSC), a soldier and another passenger have died in a tragic road accident along the Girei–Song Highway in Adamawa State.

The fatal crash occurred at about 1:50 p.m. on Wednesday in the Narehi area of Girei Local Government Area when a military gun truck travelling from Gombi to Yola collided with a commercial Hummer bus conveying passengers from Yola to Mubi.

Eyewitnesses said the impact of the collision caused the commercial bus to overturn before it burst into flames, trapping occupants inside the vehicle.

Confirming the incident, the spokesperson of the Adamawa State Police Command, SP Suleiman Nguroje, said all five passengers aboard the Hummer bus were burnt beyond recognition after the vehicle caught fire following the crash.

According to him, preliminary investigations showed that four of the victims were serving members of the National Youth Service Corps posted to Adamawa State.

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Nguroje identified two of the deceased corps members as Suleiman Juliet and Usman Shuaibu, both from Kaduna State, while efforts are ongoing to establish the identities of the remaining victims.

The police spokesperson added that a soldier travelling in the military vehicle also lost his life, while several other occupants of the military truck sustained varying degrees of injuries and were rushed to hospital for treatment.

Personnel of the Nigeria Police Force, the Federal Road Safety Corps (FRSC), military authorities and other emergency responders were immediately deployed to the scene to carry out rescue operations and evacuate victims.

The bodies of the deceased were later deposited at the Specialist Hospital in Yola, while investigations have commenced to determine the exact circumstances that led to the collision.

The Adamawa State Police Command expressed condolences to the families of the victims and assured the public that all necessary steps were being taken to identify the remaining deceased persons and notify their relatives.

The tragic incident has once again highlighted concerns over road safety on the busy Yola–Mubi corridor, a major highway that has witnessed several fatal crashes in recent years. Authorities have pledged to provide further updates as investigations progress. (Emirate Radio)

 

 

Four NYSC Members, Soldier, Passenger Killed in Adamawa Road Crash

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