Connect with us

Breaking News

Court orders final forfeiture of $7million to FG after recovery from Nigerian bank’s vault

Published

on

The Federal High Court in Abuja has ordered the final forfeiture of $7 million recovered from the vault of Providus Bank Limited to the federal government.

The ruling, delivered on Monday by Justice Emeka Nwite, followed an application by the Economic and Financial Crimes Commission (EFCC).

The EFCC said the funds were suspected to be proceeds of unlawful activity.

Rotimi Oyedepo, counsel to the EFCC, said the commission complied with all requirements after the interim forfeiture order granted on August 27.

The anti-graft agency also published the order, inviting interested parties to show cause why the funds should not be permanently forfeited.

“My lord, since August 27 that your lordship granted the order, till date, we have not received any opposition to our application. Hence, we filed a motion for final forfeiture,” Oyedepo said.

Although Gbenga Akande, a lawyer, had appeared in court claiming to represent an interested party, he declined to disclose his client’s identity and failed to file supporting documents.

On the adjourned date, Akande was absent, and another lawyer, Darlington Ozurumba, appeared but did not oppose the EFCC’s application.

“In view of the fact that there is no opposition, we apply for final forfeiture of the seven million U.S. dollars,” Oyedepo said.

Nwite, after reviewing the application and supporting affidavits, ruled in favour of the EFCC.

“I am of the view that the application is meritorious. Consequently, the application is granted,” the judge declared.

According to an affidavit by Emmanuel Okeibunor, an EFCC investigator, the commission received intelligence that $7 million was moved under suspicious circumstances to Providus Bank’s Victoria Island branch in Lagos between March 25 and 26.

“The team confirmed that seven million dollars was taken, in suspicious circumstances, to the Providus Bank Limited located at No.114 Adeola Odeku Street, Victoria Island Lagos,” Okeibunor said.

The funds were not credited to any known account but were kept in the bank’s vault without documentation.

Bank staff told investigators that the money was brought in on behalf of the managing director of Oceangate Engineering Oil and Gas Limited.

However, the managing director denied depositing the funds, claiming instead that she had taken a $7 million loan from the bank, which was still unpaid.
The EFCC also said Providus Bank failed to file a Suspicious Transaction Report (STR) with the Nigerian Financial Intelligence Unit (NFIU).

“The funds sought to be forfeited are reasonably suspected to be proceeds of unlawful activity, as they did not represent known, provable, and legitimate income of either Oceangate Engineering Oil and Gas Limited, the couriers, or officials of Providus Bank Limited,” Okeibunor said.

The EFCC recovered the money in raw cash and transferred it to the Central Bank of Nigeria (CBN) for safekeeping.

With no opposition to its application, the agency secured the final forfeiture of the funds.

Quickly! Watch The Video Before It’s Deleted! |Save Hot 3:00 Minutes $3x V!de0s To Ur Phone Directly | Watch 2:00 H0t $3x V!d0es Now!

Quickly! Watch Before It’s Deleted! Another Popular Nigeria Pastors Wife $leeps With Male Church Member, Husband Engaged In Physical Compact Him. Watch The Full Video Here Now.

Continue Reading

Breaking News

Nigerian housekeeper arrested for allegedly stealing money from her employer in Libya

Published

on

In Benghazi, Libya, a Nigerian housekeeper was arrested on February 8, 2026, for allegedly stealing from her employer.

Authorities accused her of taking 98,000 dinars from the household.

The incident attracted media attention, raising questions about trust and security in domestic work.

The woman, whose motives remain unclear, was detained pending further investigation. Her story highlights the challenges faced by foreign domestic workers and the importance of proper oversight.

The case serves as a reminder of the fragile boundaries of employer-employee relationships amid economic and social pressures.

Continue Reading

Breaking News

2027: How 3 southern senators scuttled real-time e-transmission of election results — Sources

Published

on

Fresh facts have emerged on how the Senate rejected a proposal to make real-time electronic transmission of election results mandatory, ahead of the 2027 general election.

The recommendation, which also triggered wider reforms on election timelines, penalties for electoral offences and voting technology, was voted down by the 10th Senate under the leadership of Senate President, Senator Godswill Akpabio.

At the centre of the controversy is Section 60(3) of the bill, dealing with the transmission of polling unit results. The provision was recommended by the Senate Committee on Electoral Matters, chaired by Senator Simon Lalong (APC, Plateau South).

Sources told Vanguard that during clause-by-clause consideration of the committee’s report, the Senate initially worked on a version that retained real-time electronic transmission.

However, after hours of deliberations and as plenary dragged late into the evening, the final version passed by the Senate was altered at the last minute to expunge the provision.

This, sources said, was even though the Senate had earlier approved electronic transmission overwhelmingly during a closed session.

An ad-hoc committee, chaired by Senator Niyi Adegbonmire, APC (Ondo Central), had also endorsed it after more than one year of consultations.

The Adegbonmire committee engaged INEC, civil society organisations and stakeholders through joint sessions and zonal public hearings, where consensus was reportedly reached that electronic transmission must be explicitly legalised to avoid the legal controversies that trailed the 2023 general elections.

Page 45 of the report of the Senate Committee on Electoral Matters, Clause 60(3) provided: “The Presiding Officer shall electronically transmit the results from each polling unit to the IREV portal in real time and such transmission shall be done after the prescribed Form EC8A has been signed and stamped by the Presiding Officer and/or countersigned by the candidates or polling agents available at the polling unit.”

A source said that when senators got to the clause, many assumed it would pass smoothly, given prior resolutions.
“That was when the unexpected happened,” the source said, adding that three ranking Southern senators allegedly intervened.

According to the source, the senators approached the Senate President and urged him to retain the provision of the 2022 Electoral Act.

Akpabio was said to have upheld the existing law, which allows electronic transmission only after votes are counted and publicly announced at polling units.

Instead of “transmission,” the word “transfer” was adopted, in line with the 2022 Act, even though no fresh debate was conducted on the floor.

The rejected amendment would have mandated real-time upload of results to IReV immediately after completion of Form EC8A.

The adopted provision states: “The Presiding Officer shall transfer the results, including the total number of accredited voters and the results of the ballot, in a manner as prescribed by the commission.”

Senate bows to pressure, to hold emergency sitting tomorrow, instead of Feb 24

However, following the widespread criticisms that have trailed its rejection of a proposed amendment to Clause 60, Subsection 3, of the bill, which sought to make the real time electronic transmission of election results mandatory, the Senate has been forced to reconvene an emergency plenary sitting tomorrow, February 10, 2026, at 12:00 noon.

It had on Wednesday, adjourned plenary till February 24.

The new development to reconvene tomorrow was formally contained in an official notice dated February 8, 2026, signed by the Clerk of the Senate, Emmanuel Odo, on the directive of the President of the Senate, Senator Godswill Akpabio.

The notice to the senators, sighted yesterday, read: “I am directed by President of the Senate, Distinguished Senator Godswill Obot Akpabio, to inform all senators of the Federal Republic of Nigeria that an emergency sitting of the Senate has been scheduled to hold as follows: Date: Tuesday, 10 February, 2026. Time: 12:00 Noon.

“Venue: Senate Chamber. Senators are kindly requested to note this emergency sitting date and attend. All inconveniences this will cause to senators are highly regretted.”

Although the official notice did not state the reason for the emergency session, the timing strongly suggests a connection to the intense national controversy trailing the Senate’s handling of key provisions in the Electoral Act amendment, particularly Section 60(3).

The Senate had adjourned plenary last week after the passage of the Electoral Act (Amendment) Bill, 2026, to allow lawmakers participate in ongoing budget defence sessions by ministries, departments and agencies, MDAs, ahead of the final consideration of the ¦ 58.47 trillion 2026 Appropriation Bill, scheduled for March 17.

Recall that during the clause-by-clause consideration of the Electoral bill, the Senate, presided over by Akpabio, adopted a motion moved by Senate Chief Whip Tahir Monguno, APC, Borno North and seconded by the Deputy Senate President Barau Jibrin, APC, Kano North, to reject the proposed Section 60(3).

The rejected amendment sought to make real-time electronic transmission of election results from polling units to the INEC Result Viewing (IReV) portal mandatory. It proposed that:

“The presiding officer shall electronically transmit the results from each polling unit to the IReV portal in real time, and such transmission shall be done after the prescribed Form EC8A has been signed and stamped by the presiding officer and/or countersigned by candidates or polling unit agents, where available.”

Instead, the Senate retained Section 60(5) of the Electoral Act, 2022, which states.

Parliamentary sources said the Senate must reconvene to approve the votes and proceedings to validate the decisions taken.

Continue Reading

Trending

Copyright © 2026 Naijacoaded | All Right Reserved | Powered by Naijacoaded.com |