EFCC Swoops On Okorocha, Seals College, Supermarket In Owerri

Published

6 years ago

July 24, 2019

Editor

Operatives of the Economic Financial Crimes Commission (EFCC) seemed to have swooped on former Imo State Governor, Owelle Rochas Okorocha and his family and has a few properties belonging to them.

Sources reveled that so far the anti-graft agency has sealed Rochas Foundation College, Owerri, Imo State.

The anti-graft agency also sealed East High Primary and Secondary school, Owerri which belongs to Rochas Okorocha’s first daughter,Uloma Nwosu.

Also sealed is All-In Supermarket, Owerri, said to belong to a member of Okorocha’s family. We also gathered that Royal Palm Beach hotel has also been sealed.

Okorocha who was governor of Imo State between 2011 and 2019 is currently representing Imo West senatorial district in the Nigerian senate.

The sealed assets simply read “under investigation by EFCC.keep off.”

But the management of East High Primary and Secondary School in a statement on Wednesday said that its school was only under investigation and not sealed by the EFCC.

The statement which was signed by Jones Onwuasoanya said that while the EFCC had the constitutional power to investigate the school, the funds used in establishing the schools were legitimate.

When contacted, Okorocha’s media aide, Sam Onwuemeodo, said that he was putting a press statement on the development together.

Onwuemeodo said that the statement would be ready in less than an hour

Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

Published

11 hours ago

December 19, 2025

Eric

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

Headline

Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

2 days ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

2 days ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.