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President Has Recovered Over N1trn Stolen Funds, Says PACAC
•Funds used to finance annual budget
The Presidential Advisory Committee Against Corruption (PACAC) yesterday put the total amount of stolen assets recovered by the President Muhammadu Buhari’s administration since 2015 at over N1trn.
Briefing journalists in Lagos yesterday, the Chairman of PACAC, Prof. Itse Sagay, who reeled out the achievements of the committee said the federal government had been deploying some part of the recovered funds towards financing the annual budget, especially its social intervention scheme.
Sagay, who said the fight against corruption in the country had come a long way, describing it as both sweet and sour, stressed that a lot of work still needed to be done to rid Nigeria of corruption.
He also said PACAC has continued to carry out capacity building initiatives for the various anti-corruption agencies as well as Ministries, Departments and Agencies (MDAs).
“This has resulted in these stakeholders having an improved understanding of their individual roles in the criminal justice system, both in its substantive and procedural aspects. The impact of this effort is reflected in increased number of cases filed and concluded and the improvement in the rate of conviction of looters.
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“Total recoveries are hovering around the N1 trillion mark, and even more remarkably these recoveries have been recycled into the budget to uplift the oppressed and most vulnerable victims of corruption, namely, the young unemployed youths, young school children, who can now enjoy one free nutritional meal a day at school, extremely poor families who now receive the conditional cash transfer of N5,000 a month and women, youths, farmers, etc, who now receive interest free loans to capitalise their small scale businesses.
“So the recovered loot is pumped back into the lives of the most vulnerable Nigerians, in order to transform them into proud productive Nigerians, who will end up as employers themselves, contributing to the development of Nigeria,” he added.
According further, he said another contribution of PACAC in the war against corruption was the Committee’s concentration on illicit financial flows (IFF).
He claimed that very little was known about IFF in the country before PACAC brought it into centre stage nationally and internationally.
“Now, we know that this silent, quietly stalking source of financial bleeding, could even be worse in terms of volume of loss, than the typical looting we are all used to. Over invoicing of external expenses, under reporting of resources obtained from the developing countries, tax evasion, under declaration of profits, out sourcing of what could be done within the victim country, etc, all constitute IFFs,” he added.
The PACAC chairman disclosed that the massive losses underdeveloped countries like Nigeria were experiencing as a result of IFFs were recently documented and published by the Global Financial Integrity.
According to the report, Nigeria lost $83 billion in the period 1960 – 2011 and currently, “it is losing more than $45 billion annually.”
“Therefore, the importance of concentrating our minds on IFFs, as PACAC did for two consecutive years, through major international conferences and other strategic engagements, cannot be over stated.
“I have concentrated on only a few items of PACAC’s work, but the varied and extensive level of its work has been remarkable. We have organised Workshops for the Management and Protection of Assets, and an Asset Tracing Team/Central Asset Management Committee, was established in the first term of this Government with membership drawn from the Anti-Corruption Agencies, the Security Agencies, our Committee (PACAC) and from the highest echelons of Government.
“We have also produced manuals and protocols to assist the ACAs (Anti-Corruption Agencies) in their work. These include one on Effective Prosecution, entitled Corruption Case Management Manual, a Plea-Bargaining Manual, and Sentencing Guidelines for High Profile Cases, and A Frame Work for the Management of Recovered Assets, etc,” he added.
Sagay said the committee believes that productivity would be greatly enhanced and corruption greatly curbed if parents arouse themselves to inculcate the needed core values in the children; if schools at all levels become centres of character moulding and manpower development and religious values are deployed by Pastors and Imams in both theory and practice to re-mould the character and orientation of Nigerians.
He also advised the federal government, labour unions, civil society organisations and main stream civil servants to work together to reform the civil service to make it productive rather than a drain on the nation.
Thisday
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BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy
BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy
The Federal High Court in Abuja has sacked the Senator David Mark-led executives of the African Democratic Congress (ADC), declaring invalid all actions taken by the disputed leadership on behalf of the party, including the nomination of former Vice-President Atiku Abubakar as its presidential candidate for the 2027 general election.
The judgment, delivered on Thursday, November 5, 2026, by Justice Peter Lifu, declared illegal the Mark-led Caretaker Committee, which organised the party’s presidential primary that produced Atiku as its flagbearer.
The ruling followed a suit instituted by Nafiu Bala Gombe, a former National Deputy Chairman (North-East) of the ADC, who challenged the process through which Mark and other members of the caretaker leadership assumed control of the party.
Gombe had approached the court, arguing that the emergence of the Mark-led leadership violated the ADC constitution and provisions of the Electoral Act.
He maintained that following the resignation of the party’s former National Chairman, Chief Ralph Nwosu, he was constitutionally qualified to take over the leadership of the party.
The plaintiff consequently asked the court to invalidate all decisions taken by the Mark-led leadership and restrain Mark and former Osun State Governor, Ogbeni Rauf Aregbesola, from parading themselves as the ADC’s National Chairman and National Secretary, respectively.
The suit, marked FHC/ABJ/CS/1819/2025, listed the ADC, the Independent National Electoral Commission (INEC), Mark, Aregbesola and Nwosu as defendants.
After considering the arguments presented by the parties, Justice Lifu upheld Gombe’s claims and granted the reliefs he sought, effectively invalidating the authority of the Mark-led Caretaker Committee and the decisions it took on behalf of the opposition party.
Among the major consequences of the judgment is the nullification of the presidential primary organised by the committee, which produced Atiku as the ADC’s candidate for the 2027 election.
Atiku’s nomination had earlier been reflected in the list of presidential candidates published by INEC. He had also selected former Rivers State Governor, Rotimi Amaechi, as his running mate.
The judgment has therefore cast fresh uncertainty over the ADC’s presidential ticket and its preparations for the 2027 general election, particularly the legal status of decisions taken by the now-invalidated leadership.
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However, the party has indicated that it will challenge the ruling at the Court of Appeal.
The ADC National Welfare Secretary, Nkemakolam Ukandu, who was subsequently joined as an interested party in the case, confirmed that the party would appeal the judgment.
The development comes barely 24 hours after Atiku held a campaign rally in Sokoto State as part of his political activities ahead of the 2027 presidential election.
The ruling represents another major legal challenge for the ADC, which has been grappling with leadership disputes and litigation over its national and state structures ahead of the next general election.
The outcome of the proposed appeal could prove significant for the party’s leadership, its presidential nomination process and its ability to proceed with preparations for the 2027 elections.
For now, the court’s decision has invalidated the actions of the Mark-led caretaker leadership, including the process that produced Atiku as the party’s presidential flagbearer, pending further judicial proceedings.
BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy
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Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy
Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy
- MURIC Congratulates Ishaq Akintola on Sultan’s Special Recognition Award
The Sultan of Sokoto, His Eminence, Alhaji Muhammad Sa’ad Abubakar III, has conferred a Special Recognition Award on the Founder and Executive Director of the Muslim Rights Concern (MURIC), Professor Ishaq Akintola, in recognition of his contributions to religious freedom, justice and peaceful coexistence in Nigeria.

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy
The award was presented to Akintola on Monday, November 2, 2026, during the 13th Usman Dan Fodio Week and the 20th Coronation Anniversary of the Sultan, held at the International Conference Centre, Kasarawa, Sokoto State.
The ceremony attracted an array of distinguished personalities, including traditional rulers, religious leaders, government officials, Islamic scholars, academics and other eminent Nigerians from within and outside the country.
Following the presentation, MURIC Oyo State Chapter congratulated Akintola, describing the honour as well-deserved and a recognition of his decades of commitment to protecting religious rights, promoting justice, defending the oppressed and fostering peaceful coexistence.
In a congratulatory statement dated November 5, 2026, the chapter said the recognition reflected Akintola’s consistent efforts to defend religious freedom, particularly the rights of Nigerian Muslims to practise their faith without discrimination, intimidation or persecution.
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The statement, signed by the chapter’s General Secretary, Mallam Ibrahim Agunbiade, noted that Akintola had remained a prominent voice in the advocacy for religious rights through his leadership of MURIC.
The chapter also expressed particular appreciation for Akintola’s decision to dedicate the award to Muslims facing religious persecution in Nigeria.
It described the gesture as evidence of his selfless commitment to the collective interests of the Muslim Ummah and his determination to ensure that the challenges confronting persecuted Muslims receive sustained attention.
MURIC Oyo said the award should not be regarded merely as a personal achievement but also as an honour to the organisation, the Nigerian Muslim community and everyone committed to justice, equity and religious freedom.
The chapter prayed for continued good health, wisdom, strength and steadfastness for Akintola, expressing hope that the recognition would inspire him to intensify his contributions to Islam, humanity and the protection of fundamental human rights in Nigeria.
“May this recognition inspire greater commitment to the struggle for justice and the protection of fundamental human rights in Nigeria,” the statement said.
The chapter concluded by congratulating the MURIC founder and praying for Allah’s continued guidance and blessings upon him.
Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy
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News
Omoda and Jaecoo Race Past 1.4m Sales, Expand Push into AI, Electrification
Omoda and Jaecoo Race Past 1.4m Sales, Expand Push into AI, Electrification
Omoda & Jaecoo have surpassed 1.4 million cumulative global vehicle sales in just three and a half years, marking a major milestone in their international expansion as the automotive brands step up investments in electrification, artificial intelligence and autonomous mobility.
The achievement, announced following the 2026 International User Summit held in October in Wuhu, China, underscores the brands’ rapid growth and ambitions to strengthen their position in an increasingly technology-driven global automotive market.
With operations spanning 79 markets worldwide, Omoda & Jaecoo are now looking beyond vehicle sales to develop an integrated mobility ecosystem built around intelligent technologies, alternative powertrains and improved customer experiences.
The summit, themed “DRIVE TO THE NEXT VIBE,” brought together customers, media representatives and business partners to showcase the brands’ latest innovations, future product plans and expanding research and development capabilities.
One of the major attractions was the global debut of the OMODA X, a futuristic cross-off-road vehicle designed to combine urban practicality with a bold, adventure-inspired exterior. Its unveiling was accompanied by a global user co-creation initiative, allowing participants from different markets to contribute ideas and interpretations of the new model.
The initiative reflects the company’s growing emphasis on customer participation in product development and brand building.
Intelligent mobility technology also took centre stage, with demonstrations of the Super Intelligent Valet Parking system (SIVP), which features automated vehicle summoning, parking-route planning and obstacle avoidance.
Another innovation, the Super Intelligent AI Space (SIAS), showcased voice-controlled cabin technology capable of processing multiple requests through a single instruction. The system also demonstrated personalised digital experiences, including music recommendations based on users’ moods.
On electrification, the Super Hybrid Marathon provided an opportunity to assess vehicle performance across urban roads, highways and mountainous terrain.
According to the manufacturer, the OMODA 5 NEXT SHS-H recorded fuel consumption of 4.5 litres per 100 kilometres and achieved a maximum driving range of 1,015 kilometres during the exercise.
The company said the evaluation went beyond fuel efficiency to examine power delivery, cabin insulation and passenger comfort under varying driving conditions.
Beyond conventional vehicle development, Omoda & Jaecoo also outlined their ambitions in autonomous transportation through a purpose-built Level 4 Robotaxi programme.
The initiative involves proposed cooperation with UAE-based K2 and is designed around an integrated service model covering digital bookings, vehicle dispatch, cabin preparation, autonomous journeys and fleet maintenance.
The summit also highlighted the wider technology ecosystem associated with the brands through AiMOGA, which unveiled Mobo, a home companion robot, and opened global pre-orders.
Designed to recognise family members, remember individual preferences and support everyday interactions, Mobo illustrates the company’s ambition to extend artificial intelligence and robotics beyond the automotive environment into domestic life.
Supporting these initiatives is increased investment in research and innovation. Omoda & Jaecoo disclosed that research and development expenditure by its parent company, Chery, reached RMB 6.672 billion in the first half of 2026, representing a 28.3 per cent increase over the corresponding period in 2025.
The latest sales milestone follows the brands’ achievement of their first one million cumulative global sales earlier in 2026, highlighting the pace of their expansion across international markets.
For Omoda & Jaecoo, the next phase of growth will depend not only on expanding their geographical footprint but also on translating technological innovation into practical benefits for customers.
Although some of the technologies unveiled at the summit remain at different stages of development and commercial introduction, the event offered a glimpse into the brands’ long-term strategy as competition increasingly shifts towards intelligent vehicles, electrification, connectivity and autonomous mobility.
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