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Court Frees Fayose of EFCC’s N6.9bn Money Laundering, Theft Charges

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The Federal High Court in Lagos has discharged the former Governor of Ekiti State, Ayodele Fayose, on charges of money laundering and theft amounting to ₦6.9 billion.

Justice Chukwujekwu Aneke discharged the former governor after upholding his no-case submission filed to challenge his trial by the Economic and Financial Crimes Commission (EFCC).

The court held that the EFCC had not been able to link Fayose to the crime, nor was a prima facie made case against him to warrant further defence.

On May 20, the court had reserved its decision after hearing arguments from counsel to Fayose (the 1st defendant) Senior Advocate of Nigeria, Chief Kanu Agabi, Senior Advocate of Nigeria,Olalekan Ojo, representing the 2nd defendant (Spotless Investment Limited); and Senior Advocate of Nigeria, Rotimi Jacobs, who represented the Economic and Financial Crimes Commission (EFCC).

Fayose was initially arraigned in 2018 before Justice Mojisola Olatoregun, but the EFCC later secured a transfer of the case to Justice Aneke.

According to the charge, Fayose allegedly took possession of ₦1.2 billion for his 2014 gubernatorial campaign and received $5 million in cash from Obanikoro, bypassing financial institutions.

He was also accused of laundering various sums, retaining and using over ₦1.6 billion to acquire properties through proxies and companies such as De Privateer Ltd and Still Earth Ltd., in violation of several provisions of the Money Laundering (Prohibition) Act, 2011.

Fayose and his company, Spotless Investment Ltd were re-arraigned before Justice Aneke on an 11-count charge bordering on money laundering and theft.

The alleged offences took place during Fayose’s tenure as governor and involved funds allegedly linked to the office of the former National Security Adviser.

Chief Agabi, adopting his client’s no-case submission dated July 16, 2024, argued that the prosecution failed to establish a prima facie case.
He noted that Abiodun Agbele, who was allegedly involved in the offences, was not jointly tried, weakening the prosecution’s case.

“With due respect, the predicate offences on which these charges are based do not hold water. Criminal breach of trust and conspiracy are distinct, and no co-conspirator was charged alongside the defendant,” Agabi submitted.

He urged the court to hold that Fayose has no case to answer.

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MoneyMaster Enhances Banking App, Gifts Customers Data, Airtime

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MoneyMaster Payment Service Bank (MMPSB), Nigeria’s leading payment service bank, has announced that it has further enhanced its mobile banking application to improve the order flow for its airtime and data products to improve customer experience.

For airtime, the Moneymaster mobile banking app now has an enhanced visual appeal, thus, providing customers with a cleaner, and more modern interface that streamlines account selection, denomination selection and a dynamic input validation.  For its data products, the new interface organizes data into logical tabs of hot, daily, weekly, monthly, exclusive and special. In addition, each data now clearly displays data volume, validity period in a bold easy-to-read format. These changes will now enable customers to find airtime and data plans in a simplified and faster manner without expending more time on scrolling.

Furthermore, the mobile banking app users can now buy lower denominations of airtime such as N200, N500, N1000, N2,000, N4000. Also, the categorisation of the telco products has been re-ordered to ensure ease for customers in selecting their preferred products.

The company’s Head of Business, Tajudeen Omokhide, noted that MoneyMaster’s “mission is to transform payments into an agile experience, capable of moving with the speed and transparency of a fintech. Our customers expect simple, fast and transparent solutions at an affordable cost.

“These recent upgrades on mobile banking app is a testament to our relentless efforts to ensure that our customers experience is top notch and aligns with their needs. We encourage our customers to upgrade their mobile banking app whilst new customers can download the app from android playstore or IoS app store.”

All customers of the bank will enjoy 100% bonus on their airtime recharges on Glo airtime purchased. Data customers will similarly enjoy 10% bonus on every Glo data recharges. This is to attract new customers and reward the existing ones.

Mr Omokhide further stated that the suite of new products “marks an important step towards the bank’s vision of offering market-relevant and customer-centric products”.

Moneymaster, promoted by Globacom, is licensed by the Central Bank of Nigeria as a payment service bank. The bank operates mobile wallet, savings account, individual current account as well as business banking accounts. It also vends airtime and data and makes it easy for customers to pay their bills to more than 4,000 billers on its banking platform.

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IGP Disu Redeploys Top Police Officers in Major Shake-up

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The Inspector-General of Police (IGP), Olatunji Disu, on Tuesday, ordered the posting of senior officers to various strategic positions across the country.

Disu said the development is part of the ongoing efforts to strengthen operational efficiency, enhance leadership capacity, and improve service delivery nationwide.

He said the postings are in line with the Force’s commitment to an effective command structure and the strategic deployment of personnel across Commands, Formations, and Departments.

Disu deployed AIG Ado Emmanuel to Research and Planning, Force Headquarters, Abuja; AIG Joseph Eribo to the Department of Armament, Force Headquarters, Abuja; AIG Miller Dantawaye to the Department of Operations, Force Headquarters, Abuja; AIG Henry Ifeanyi Uche to the Department of Training and Development, Force Headquarters, Abuja; AIG Olanrewaju Peter Ogunlowo to the Police Accounts and Budget, Force Headquarters, Abuja; while AIG Dahiru Mohammed, has been posted to Zone 15, Maiduguri.

Similarly, AIG Dankombo F. Morris has been deployed to Zone 4, Makurdi; AIG Bello Shehu to Zone 14, Katsina; AIG Ibrahim Balarabe Maikaba to the Department of Legal Services, Force Headquarters, Abuja; AIG Ahmed Musa to Community Policing, Force Headquarters, Abuja; AIG Olohundare Moshood Jimoh to Zone 2, Lagos; AIG Simeon U. Akpanudom to FCID Annex, Lagos; and AIG Haruna Olufemi to the Special Protection Unit, Force Headquarters, Abuja.

In the same vein, CP Haruna Alaba Yahaya has been posted to Jigawa State Command; CP Betty Enekpen Otimenyin to Welfare, Force Headquarters, Abuja; CP Olugbenga Ayodeji Abimbola to Oyo State Command; CP Yemi John Oyeniyi to CP Delta State Command; CP Olubode Ojajuni to Ogun State Command; CP Michael Adegoroye Falade to Ekiti State Command; CP Yakubu Useni Dankaro to Adamawa State Command; CP Aina Adesola to Training Department, Force Headquarters, Abuja; CP Muhammed Sanusi Ahmed to the Federal Capital Territory Command; CP Olatunji Olaiwola Fatai to Lagos State Command; CP Morkwap S. Dongshal to Taraba State Command; CP Ahmed Mohammed Bello to Zamfara State Command; CP Umar Ali Fagge to Katsina State Command; and CP Hayatu Shaffa Hassan to Sokoto State Command.

According to a statement by the Force Public Relations Officer, DCP Anthony Placid, CP Akan Ezima has been posted as Director, NPF-NCCC, Abuja; CP Abbas Sule to the Special Protection Unit, Force Headquarters, Abuja; CP Ajo Geoffrey Ordue to INTERPOL, Abuja; CP Mnwadiogbu Cletus as Deputy Commandant, POLAC; CP Danjuma I. Yahaya to General Investigation, FCID Annex, Kaduna; CP Sheik M. Danko to FCID Annex, Lagos; and CP Moses Ashu Otta to SWAT, Abuja.

Further postings include CP Abdulrahim A. Shuaibu to Eastern Ports Authority; CP Sarah Ehindero to Administration, FCID, Abuja; CP Edwin Ogbegbghagha to Provost, Force Headquarters, Abuja; CP Preye R. Egbe to INEC, Abuja; CP Adebisi Bola Lateef to Master Printing, Lagos; CP Bolou O. Etete to Community Policing, Research and Planning, Force Headquarters, Abuja; and CP Ojugbele E. Adebola to General Investigation, FCID Alagbon, Lagos.

Placid said: “Additionally, CP Fidelis N. Ogarabe has been posted to INTERPOL Annex, Lagos; CP Theodore C. Obasi as Deputy Commandant, Police College, Ikeja; CP Eloho E. Okpoziakpo to Special Fraud Unit, Ikoyi, Lagos; CP Kayode Uthman Magaji to K9, Dei-Dei, Department of Operations, Force Headquarters, Abuja; CP Markus Ishaku Basiran to Courses, POLAC; CP Mohammed Babakura to Administration, Department of Operations, Force Headquarters, Abuja; CP Silas Bamidele Aremu to Safer Highway, Department of Operations, Force Headquarters, Abuja; CP Magaji Ismaila to Community Safety and Crime Prevention, Department of Operations, Force Headquarters, Abuja; and CP Rebecca Uchenna Okereke as Director of Music, Force Headquarters, Abuja.”

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FG Helpless over Power Outages, Minister Adelabu Admits, Apologises to Nigerians

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The Minister of Power, Adebayo Adelabu, has sensationally declared that the current power outages across the country are due to factors beyond the government’s control.

Adelabu made this known on Tuesday during a press conference in Abuja, where he also apologised to Nigerians over the persistent electricity disruptions recorded in the past month.

He acknowledged that the outages have worsened hardship for households, businesses, schools, and industries, especially amid increased heat during the dry season.

The apology comes as public frustration grows over erratic power supply across the country, with rising temperatures driving higher electricity demand.

Adelabu said: “I want to apologise to Nigerians, officially now, coming from me as the Minister of Power, for this temporary issue that is leading to hardship being experienced, especially during this dry season, where there is so much heat everywhere.

“Businesses are being affected, schools have been affected, and industries have been affected. It is not our wish to find ourselves in this situation, but it is due to some factors that are actually beyond our control.”

He assured Nigerians that improvements in electricity supply are expected within weeks.

“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.

The minister explained that the government has visibility on the timeline for key repairs, particularly those involving facilities operated by Seplat Energy, which are expected to restore gas supply to power plants.

He added that a special committee has been constituted to monitor compliance with domestic gas supply obligations by producers, a major issue affecting electricity generation.

“We already have a committee that is working on this to track compliance with the domestic supply obligations of these gas companies to our power plants,” he said, adding that improved payment flows would further incentivise supply.

Adelabu said efforts are ongoing to stabilise the power sector despite structural challenges.

“We are working on it 24/7 to make sure that we go back to the trajectory of 2025, when Nigerians commended us for a good job well done,” he said.

He also reiterated the Federal government’s target to increase electricity generation to 6,000 megawatts before the end of 2026, describing the current situation as a temporary setback.

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