
News
EFCC recovers N120bn, freezes 300 forex accounts –Olukoyede
Chairman of the Economic and Financial Crimes Commission (EFCC) Ola Olukoyede said the agency has recovered N120billion and secured 1, 300 convictions on six months.
He also said the EFCC, in its bid to ensure the safety and stability of the foreign exchange market, has uncovered a new fraudulent scheme called P to P(Peer to Peer trading scheme.
The platform, according to him, is operating outside the official banking and financial corridors.
He said over 300 accounts linked to illicit foreign exchange have already frozen by the EFCC.
He reaffirmed the commitment of the commission to the economic growth and development of the country.
Olukoyede, who made the disclosures during a session with media executives in Abuja, said there is no going back in the commission’s plans to use anti-graft war to stimulate the economy.

He said: “Finally, we will continue our work towards the stimulation of the economy. I promise you that.
”Do you know the Binance case we are working on that has helped us to bring down this market? Suddenly we discovered that there are even people within the system that are doing worse than Binance.
”If you noticed, two days ago, the dollar started appreciating again. There was stability for like 24 hours, then the naira got devalued. It was due to the activities of some of these guys
”Just yesterday, they asked us to close over 300 accounts in illicit forex trading.
In one of these accounts, we noticed that the guy has cleared over N15 billion in the last one year. Nobody knew in the financial corridors.
”Over 300 accounts in illicit forex trading that would have led to another crash in the next one week if we didn’t move yesterday. Some people just want to see this country go from bad to worse. We must find a way to work together.”
”Suddenly, we discovered that there are people in the system who are even doing worse than Binance. They called them P2P (Peer to Peer) and all of that. We noticed in the last two days ago that dollars have started appreciating. There was stability for 24 hours, then the naira was devalued again by N20 and N25. I don’t know whether you noticed that.
“It was due to the activities of some of these guys on P2P platforms like coolcoin. Some of you must have seen them on social media. To shock you; just yesterday (Monday), I asked them to freeze over 300 accounts.
He told the media executives that the commission has recovered more than N120billion from fraudsters within six months and secured more than 1300 convictions.
He called on Nigerians to be more dedicated to the nation.
He insisted that patriotic Nigerians should offer more support to the EFCC because the commission is crucial to the growth and development of Nigeria.
News
26-year-old Lawyer dies while celebrating Ghana’s World Cup victory over Panama
Tettey, a newly qualified lawyer and alumna of the Faculty of Law at Kwame Nkrumah University of Science and Technology (KNUST), was among millions of Ghanaians rejoicing over the Black Stars’ triumph when tragedy struck.
According to reports, she suffered a cardiac arrest while watching the match with friends at Standard Hostel, a private student hostel located at Bomso near the KNUST campus in Kumasi.
Witnesses immediately rushed her to the KNUST Hospital, where medical personnel reportedly spent about 45 minutes administering Cardiopulmonary Resuscitation (CPR) in a desperate attempt to save her life. Sadly, all efforts proved unsuccessful, and she was pronounced dead.
Tettey had only recently been called to the Ghana Bar, making her sudden death even more heartbreaking for family, friends, colleagues, and members of the legal community.
News of her passing has spread rapidly across the country, casting a shadow over what had been a moment of national celebration. While Ghanaians continue to celebrate the Black Stars’ victory, many are also mourning the loss of a promising young professional whose life was cut short.
The tragic incident has once again highlighted the importance of emergency preparedness and rapid medical response during large public and social events.
What should have been a day remembered solely for Ghana’s sporting success has instead become a day marked by both celebration and sorrow.

News
Shocking! Vandals excavate, steal 3km of Port Harcourt–Kaduna Pipeline after spending months in South-East forest
A major national security and economic sabotage has unfolded in Nigeria’s South-East as suspected pipeline vandals have excavated and removed more than three kilometres of a strategic high-pressure petroleum pipeline.
The pipeline transports refined petroleum products from Port Harcourt, Rivers State, to Kaduna in Northern Nigeria.
An investigation revealed that the large-scale vandalisation occurred in remote forests straddling Eha-Amufu in Isi-Uzo Local Government Area of Enugu State and Obeagu Community in Ishielu Local Government Area of Ebonyi State, raising serious questions about security oversight and the protection of critical national infrastructure.
The affected pipeline forms part of Nigeria’s vital petroleum distribution network, conveying petroleum products from the Port Harcourt refinery corridor through several states to northern parts of the country.
During a visit to the scene, SaharaReporters observed extensive excavation trenches stretching across difficult terrain, with evidence suggesting that the operation was carried out over an extended period rather than as a hit-and-run criminal activity.
The scale of the operation indicates a highly organised network involving specialised equipment, logistics support and detailed knowledge of the pipeline route.

Reaching the vandalised section underscored the remoteness of the operation. It took the media over three hours and twenty minutes to reach the area by motorcycle.
At one point, the journey became impossible by road, forcing our crew and the commercial motorcyclist conveying them to abandon the motorcycle and trek more than two kilometres through a dense forest before arriving at the site.
At the scene, large sections of the pipeline had already been excavated and removed, leaving behind deep trenches and signs of heavy mechanical activity.
Residents of both Eha-Amufu and Obeagu communities alleged that the operation was masterminded by a businessman in Ebonyi State, whose identity could not be ascertained at the time of filing this report.
According to multiple sources familiar with the operation, the suspect allegedly mobilised dozens of workers from Abakaliki area of Ebonyi State and established a makeshift camp inside the forest for weeks or even months, while the excavation progressed.
One source told SaharaReporters: “I don’t know his real name. He came with more than 50 able-bodied men from Izzi. They spent over two months inside the bush excavating the pipeline.”
The source added that after exposing the buried infrastructure, the group deployed specialised cutting equipment to slice the pipes into transportable sections before evacuating them in trucks.
“They dug up the pipeline, cut it into pieces using heavy machinery and loaded the materials onto trucks. They lived in the forest throughout the operation. They evacuated the pipes in the dead of the night with assistance of corrupt elements in the security,” the resident said.
Residents expressed shock that such a large-scale operation could have continued for months without attracting decisive intervention from authorities.
Several sources alleged that multiple security agencies operating in the area were aware of the activities of the criminals. (SaharaReporters)
News
My name has been cleared, says Alison-Madueke after London Jury acquits her of corruption charges
Former Minister of Petroleum Resources, Diezani Alison-Madueke, has declared her complete vindication after being acquitted of all charges brought against her by a jury at Southwark Crown Court in London.
In a statement issued on Wednesday through her representative, Bolouere Opukiri, Alison-Madueke said the verdict marked the end of an eleven-year legal battle that had subjected her and her family to intense public scrutiny.
“Today, at Southwark Crown Court, I was acquitted of all charges brought against me,” she said.
Reflecting on the lengthy legal process, the former minister described the period as one of immense hardship and personal suffering.
“For eleven arduous years, this matter has weighed heavily upon me and my family. Today, a decade of unrelenting and unjust vilification, condemnation, and scrutiny has finally concluded,” she stated.
Alison-Madueke expressed gratitude to God, her legal team, family and friends for their support throughout the trial.

“I give thanks to Almighty God for His faithfulness and for the complete vindication I have received. I am grateful to my legal counsel for their diligence, and to my family and friends for their steadfast support and encouragement throughout this period,” she said.
The former minister said the verdict had brought a sense of relief and closure after years of legal uncertainty.
“I am profoundly relieved. My name has been cleared, and this ordeal has come to an end,” she added.
Despite the acquittal, Alison-Madueke indicated that she intends to speak further about the events of the past decade and outline her future plans.
“This, however, is not the final chapter. In due course, I shall address this difficult period in greater detail and share my intentions for the future. For now, I intend to embrace the freedom that has been unjustly denied me for many years,” she said.
The statement followed her acquittal at Southwark Crown Court, bringing to a close a legal case that had attracted significant public attention over the past eleven years.
-
News1 day agoLondon court acquits Alison-Madueke of all corruption charges
-
Politics2 days agoStakeholders demand sanctions against A’Court’s Justice Lifu, as Mark warns FG on political manipulation
-
International1 day ago$300bn reconstruction aid, sanctions lift’ – US-Iran MoU details emerge
-
News2 days agoCourt martial: 12 soldiers face trial over alleged murder, other criminal offences
-
News2 days agoAppeal Court suspends execution of judgment against ADC, 4 others parties
-
News1 day agoMy name has been cleared, says Alison-Madueke after London Jury acquits her of corruption charges
-
Politics3 days agoEx-Gov Ugwuanyi reaffirms support for APC’s Ikeje Asogwa, disowns PDP candidate
-
Business2 days agoPipeline sale controversy deepens as expert warns of investor confidence risks



