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I Feel Pained Testifying against Fayose – Obanikoro

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The criminal trial of the former Ekiti State governor, Ayo Fayose, before a Lagos Division of the Federal High Court continued Monday with Musiliu Obanikoro continuing his evidence against the defendant.

Mr Obanikoro, a former minister of state for defence, at the last court sitting narrated how he was asked to pay millions of dollars of public funds to Mr Fayose.

The Economic and Financial Crimes Commission is accusing Mr Fayose and his company, Spotless Limited, of receiving millions of dollars from the office of the former National Security Adviser, Dasuki Sambo. The monies are believed to have been meant for the prosecution of the war against Boko Haram.

Continuing his evidence on Monday, the former minister said his past relationship with Mr Fayose made him a reluctant witness against the former governor.

“Yes, it is painful for me to give evidence against him,” Mr Obanikoro, who is now a member of the All Progressives Congress, said during cross-examination.

“I’m trying to restrain myself from saying things that will further damage our relationship.”

Mr Obanikoro said he was in Ado Ekiti during the 2014 governorship election in Ekiti State to do the bidding of the Peoples Democratic Party, as a leader of the party.

“I was in Ado Ekiti in pursuance of his (Mr Fayose) ambition as governor in Ekiti.”

The cross-examination which lasted for about four hours saw Mr Obanikoro clarifying some of the roles he played during the Ekiti 2014 election including as it relates to disbursement of funds from the federal government.

He denied that his properties had been seized by the EFCC during the early days of his interrogation before he agreed to appear as the prosecution witness, describing the story as a means for the media to “sell their papers.”.

“At no point was any of my property confiscated during the investigation to the best of my knowledge,” Mr Obanikoro said.

“The newspaper reports on confiscation of my properties can be said to be wrong. They were selling their papers.”

He, however, admitted that he forfeited some funds to the EFCC.

On his activities for Sylvan Mcmanara, a company he was said to have paid monies to for contracts that were never executed by the NSA in 2016, Mr Obanikoro said he does not have any relationship with the company other than the “supervisory role” he played.

“I was the one who introduced the company to the NSA when the need arose and approval was given.”

He also told the court that prior to the NSA paying the sum of N200 million to the company’s account, the account balance of Sylvan Mcmanara as at May 31, 2014, was N74,299.

The company’s statement of account read before the court showed that prior to 2014 when monies were paid by NSA into the account, Gbolahan Obanikoro, Mr Obanikoro’s son, had made a payment of N20,000 and N5 million on the May 18th, 2012, and in September 2012 respectively to the account. Mr Obanikoro, himself, also made deposits to the account.

When asked questions about the purpose of the funds sent out of the Sylvan Mcmanara account after N200 million naira was paid into it on the 5th of June 2014 and who authorised the payouts; Mr Obanikoro said he was sure it was done for the benefit of Mr Fayose.

While reading from a statement he made to the EFCC in 2016, Mr Obanikoro said he converted some of the funds to dollars at the instance of Mr Fayose.

“We had a dollar content to the amount given to Fayose and naira content. I can’t recall piece by piece how we came by the dollar. I said it earlier that when sourcing for forex, what we look at is the credibility and not the name of the company.”

On why he agreed to refund N200 million to the EFCC, Mr Obanikoro said it was a “reluctant agreement because I even said in the statement (to the EFCC) that I deserve a medal for successfully protecting Lagos.

“It is not correct to say that I used the N200 million the way it ought not to and that’s why I agreed to a refund because it was disbursed with the intention of securing Lagos which is also stated in my statement.”

Mojisola Olatoregun, the judge, adjourned the trial till February 5 (today) for the continuation of cross-examination.

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Disu Inaugurates Committee for Implementation of State Police

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The Inspector-General of Police, Tunji Disu, on Wednesday inaugurated an eight-member committee to oversee the implementation of state police and the rollout of his policing vision, following his confirmation as the 23rd indigenous IGP.

TVC reports that Disu held his first formal engagement with senior police officers since his confirmation, days after the Nigeria Police Council unanimously ratified his appointment, clearing the way for his swearing-in by President Bola Tinubu at the Presidential Villa.

Professor Olu Ogunsakin was appointed to lead the eight-member state police committee.

Addressing the top hierarchy of the force, the IGP said leadership is “not about position but responsibility,” stressing that professionalism and accountability must guide conduct and operations across commands nationwide.

He emphasised that authority is strongest when exercised with restraint and that respect for human rights must remain fundamental, adding that every Nigerian should be treated with dignity, fairness, and justice, regardless of status or background.

Disu also announced plans to strengthen internal oversight, directing that the Public Complaint Unit and X-Squad be empowered to operate independently.

On decentralisation, he said the move would allow different levels of government to play an active role in security.

The inauguration of the state police implementation committee comes at a critical time for the Nigeria Police Force, following a leadership change at the top.

President Bola Tinubu appointed Disu as the Acting Inspector‑General of Police on February 24, 2026, after the resignation of his predecessor, Kayode Egbetokun.

Disu’s elevation followed a meeting between the outgoing IGP and the President at the Presidential Villa in Abuja, and his appointment was later unanimously endorsed by the Nigeria Police Council.

He is expected to be formally sworn in as substantive IGP during the Federal Executive Council meeting on Wednesday.

Disu’s appointment comes amid heightened concern over security challenges across the country, including rising cases of kidnappings, banditry, and community attacks.

The state police initiative championed by the current administration is part of broader security sector reforms aimed at decentralising policing powers to enhance responsiveness at local levels.

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Senate Rescinds Resolution Seeking Sack of Magaji As CAC Registrar-General

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The Senate Committee on Finance, on Monday, rescinded its resolution seeking to remove the Registrar-General of Corporate Affairs Commission (CAC) Mr. Hussaini Ishaq Magaji (SAN), from office.

The committee, which is chaired by Senator Sani Musa, had on Thursday last week called on President Bola Tinubu to sack Magaji for ignoring parliamentary invitations to give an account of the operations of his agency.

But, at its resumed sitting in Abuja on Monday, the committee reversed itself after Magaji showed up, expressing remorse for his actions and apologising to the lawmakers.

It was the Chairman of Senate Committee on Customs, Senator Jibrin Isa (Kogi-East), who came to Magaji’s rescue by moving a motion, urging the committee to rescind the earlier resolution.

He was seconded by Katsina-North senator Nasir Musa Zango Daura.

However, before he got a reprieve, Musa criticised Magaji over his conduct, noting that he had no regard for the Legislature.

He stated, “This committee is not happy with you for your persistent refusal to appear before it in the past or sending junior officers to it. That’s not acceptable.

“The constitution grants us oversight powers over all revenue-generating agencies. At our last sitting, the committee recommended your removal, but you appeared shortly after our pronouncement.

“We want an explanation.”

Magaji immediately apologised for his behaviour, pleading that such would not be repeated again.

He blamed the development on communication breakdown, which he would address by establishing a liaison office at the National Assembly to improve interactions between the two sides.

“Mr Chairman, I sincerely apologise to the committee. I was returning from Lagos and asked my team to inform the committee ahead of time. Unfortunately, I arrived late.

“We have now created a dedicated liaison office to handle interactions with the National Assembly. I assure you this will not happen again. I take full responsibility and hold this committee in high esteem,” he added.

His show of remorse led to the withdrawal of the resolution with a warning not to ignore legislative invitations next time.

During last Thursday’s sitting, the committee had accused Magaji of failing to honour the Senate’s invitations to account for the finances of his agency.

“He refused on so many occasions to honour our invitation to appear before this committee.

“We have issues with the reconciliation of the revenue of CAC.

Each time we invite him, he gives us excuses,” Musa said as the committee passed the resolution.

A former Governor of Abia State, Senator Orji Uzor Kalu, had moved the motion for his removal.

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NELFund Extends Deadline for Student Loan Applications Nationwide

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The Nigerian Education Loan Fund (NELFund) has extended the deadline for student loan applications following a surge in nationwide interest driven by its ongoing sensitisation campaign across the country.

The extension comes after an earlier notice issued by the Fund announcing that the student loan application portal would close on February 27, 2026.

The Director, Strategic Communications of NELFund, Mrs. Oseyemi Oluwatuyi, who conveyed this in a statement on Monday in Abuja, said growing feedback from students, tertiary institutions, and other stakeholders prompted the management to grant additional time to enable more eligible applicants to complete the process.

NELFund explained that the decision was informed by the sharp increase in applications and inquiries recorded in recent weeks, as awareness of the Federal government’s student loan scheme continues to expand nationwide.

According to the Fund, the extension is aimed at accommodating students who require additional time to finalise their applications, as well as prospective beneficiaries who only recently became aware of the programme during nationwide sensitisation engagements.

The additional window would also support institutions newly commencing their 2025/2026 academic session and those yet to submit verified student data required for processing applications.

The Managing Director and Chief Executive of NELFund, Mr. Akintunde Sawyerr, reaffirmed the agency’s commitment to inclusivity and equitable access to tertiary education financing.

He noted that the extensive sensitisation campaigns conducted across the six geopolitical zones significantly boosted awareness and participation in the scheme.

“Our sensitisation efforts have increased nationwide participation.
In line with our mandate to expand access to tertiary education financing, we have approved an extension to ensure all eligible students have a fair and equal opportunity to apply,” he said.

NELFund further advised institutions that have not commenced the 2025/2026 academic session to formally request an extension, accompanied by their approved academic calendar, for consideration by the Fund.

Students were strongly encouraged to utilise the extended period to complete their applications through the official NELFund portal before the final closure date.

The Fund reiterated its commitment to transparency, accountability, and sustainable student financing initiatives aimed at removing financial barriers to higher education in Nigeria.

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