
News
Alleged ₦19.4bn Fraud: EFCC to arraign Hadi Sirika, brother on fresh eight-count charge today
The Economic and Financial Crimes Commission (EFCC) has filed a fresh eight-count charge against former Minister of Aviation, Hadi Sirika, his brother, Ahmad Sirika and his company – Enginos Nigeria Limited, with over ₦19.4bn fraud.
The sum is said to be for several aviation ministry contracts from the former Minister to Enginos Nigeria Limited owned by Sirika’s younger brother, Abubakar.
The Sirika brothers and Enginos Nigeria Limited will be arraigned before Justice Belgore of the Federal Capital Territory High Court, Garki, Abuja.
In the copy of the fresh charges, the EFCC alleged that Sirika, “while being the Minister of Aviation, on or about 18th August 2022, in Abuja, within the jurisdiction of this honourable court, did use your position to confer an unfair advantage upon Enginos Nigeria Limited, whose alter ego, Ahmad Abubakar Sirika, is your biological brother, by using your position to influence the award to him, the contract for the construction of a terminal building at Katsina Airport for the sum of N1,345,586,500.00.”
According to the EFCC, Sirika’s alleged action violated Section 19 of the Corrupt Practices and Other Related Offences Act, 2000 and was punishable under the same section.

In another count, the EFCC alleged that “on or about 3rd of November, 2022, in Abuja,” Sirika used his position “to confer unfair advantage upon Enginos Nigeria Limited, whose alter ego, Ahmad Abubakar Sirika, is your biological brother, by using your position to influence the award to him, the contract for the establishment of Fire Truck Maintenance and Refurbishment Centre at Katsina Airport for the sum of N3,811,497,685.00.”
In another count, he was accused of corruptly awarding a N615,195,275.00 contract to his brother, to procure and install lift and air conditioners and power generators for the Aviation House in Abuja.
The EFCC alleged that Sirika, between August 2022 and May 2023 in Abuja, “had possession of an aggregate sum of N2,337, 840,674.16, which sum you knew indirectly represented the proceeds of criminal conducts of Hadi Abubakar Sirika, who was the Minister of Aviation at the time.”
News
Man Arrested Over Alleged Rape, Killing of Young Girl in Imo
A man reportedly from Uburu in Ebonyi State has been arrested in Ikpeze, Okigwe Local Government Area of Imo State, over the alleged rape and killing of a young girl from the Onuoha family.
According to reports, the suspect allegedly raped the girl before killing her and dumping her body in a nearby bush.
The incident has sparked concern among residents, with many calling for a thorough investigation to establish the circumstances surrounding the young girl’s death and ensure that justice is served.
The identity of the suspect and other details surrounding the incident have yet to be fully disclosed.
As of the time of filing this report, the Imo State Police Command had yet to issue an official statement on the incident.

Further details are expected as investigations progress.
UPDATE: Young Woman Umuora Mmesoma, Reportedly Killed by Ex-Boyfriend in Anambra, Buried
Meanwhile, Umuora Mmesoma, a young woman reportedly killed by her former boyfriend in Uga, Anambra State, has been laid to rest.
Mmesoma was reportedly declared missing on Friday, October 16, 2026, before her body was later discovered.
According to accounts circulating on social media, her former boyfriend, identified as Chima, allegedly killed her following the end of their relationship.
The suspect reportedly confessed to the crime, claiming that he killed Mmesoma in his house, placed her body inside a bag and dumped it at another location.
Her burial has left family members, friends and loved ones mourning the tragic loss of a young life.
Business
Binance Halts Withdrawals After Reported $6.3bn Crypto Hack
Binance, the world’s largest cryptocurrency exchange, has temporarily suspended deposits and withdrawals following a major security breach reportedly involving about $6.3 billion in digital assets.
The exchange said its preliminary investigation indicated that an attacker may have gained unauthorised access to its systems through a compromised laptop belonging to an engineer.
In a statement released on Thursday, Binance disclosed that it was working with blockchain intelligence firms, cryptocurrency issuers and law enforcement agencies to investigate the incident and recover the affected assets.

“The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with $3 billion frozen on-chain so far,” the company said.

Binance explained that its initial findings suggested the attacker had compromised a DevOps engineer’s laptop, potentially enabling access to a service container through which unauthorised withdrawal transactions were submitted.
However, the exchange said it had found no evidence that private keys, which provide access to cryptocurrency wallets, had been exposed.
The company subsequently suspended deposits and withdrawals while its security team conducted checks and worked to contain the incident.
“Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe,” Binance said in a post on X.
North Korean Hackers Suspected
Blockchain intelligence firm TRM Labs has linked the incident to TraderTraitor, a cybercrime operation associated with North Korean hackers.
If the reported losses are confirmed, the incident would rank as the largest cryptocurrency theft on record, surpassing the $1.5 billion cryptocurrency theft from the Bybit exchange in 2025, which was attributed to North Korean hackers.
However, investigations into the Binance incident are ongoing, and the full circumstances surrounding the attack have yet to be conclusively established.
The incident has renewed concerns about the vulnerability of cryptocurrency platforms to cyberattacks, particularly those involving compromised employee devices and unauthorised access to internal systems.
Tether, Circle Freeze Funds
Major cryptocurrency companies have moved to limit the potential losses by freezing digital assets believed to be connected to the incident.
Tether Chief Executive Officer Paolo Ardoino said the company had frozen approximately $1.5 billion in USDT, its dollar-linked stablecoin.
Circle, the issuer of another major stablecoin, also reportedly froze about $800 million in assets amid reports of a potential security breach at Binance.
Binance said the amount of frozen funds could increase as investigators and industry partners continue tracing transactions across different blockchain networks.
The exchange is working with relevant stakeholders to identify the movement of the affected assets and prevent further transfers where possible.
Bitcoin, BNB Prices Fall
The reported security breach triggered a negative reaction in the cryptocurrency market, with major digital assets recording significant declines.
Bitcoin fell by approximately four per cent to $77,229 in the hours following reports of the incident.
BNB, the native token of the blockchain ecosystem developed by Binance, also dropped by about 7.5 per cent.
The price movements reflect investor concerns about the potential consequences of a major security incident at a leading cryptocurrency exchange.
Binance, which was established in 2017, reportedly holds approximately $140 billion in digital assets, making its security arrangements and ability to protect customer funds significant to the wider cryptocurrency industry.
CZ Says Customer Funds Should Be Covered
Binance co-founder and former chief executive, Changpeng Zhao, popularly known as CZ, also commented on the incident.
Although he stepped down from management of the exchange in 2023 following a settlement with United States authorities over anti-money-laundering compliance failures, Zhao said he expected customer funds to be protected.
As a shareholder, he expressed confidence that users would not ultimately bear the financial losses associated with the incident.
Binance has also indicated that it would cover eligible customer losses using its own resources, including its Secure Asset Fund for Users (SAFU), an emergency fund established to provide an additional layer of protection for customers.
The company’s final assessment of the losses and the extent of customer exposure will depend on the outcome of the ongoing investigation.
Polymarket Reports Separate Security Incident
The Binance incident emerged just hours after Polymarket, a popular prediction market, reported a separate security issue involving one of its third-party service providers.
Polymarket temporarily suspended trading after discovering that the provider had been compromised, potentially exposing some users to unauthorised activity involving their accounts.
The platform said it had referred the matter to law enforcement and promised to compensate affected users.
The two incidents have raised fresh questions about the security of cryptocurrency trading platforms and the risks associated with third-party technology providers.
In recent years, cryptocurrency exchanges and decentralised finance platforms have repeatedly been targeted by hackers seeking to exploit vulnerabilities in software, digital wallets and internal security systems.
Crypto Industry Faces Growing Security Threats
The reported Binance breach comes amid continuing concerns over cryptocurrency theft and the growing sophistication of cybercriminal operations.
According to blockchain analytics firm Chainalysis, North Korean-linked hackers stole approximately $2 billion in cryptocurrency in 2025, representing a 50 per cent increase from the previous year.
In another major incident, hackers reportedly stole about $280 million from the Drift cryptocurrency exchange in April.
The latest developments have highlighted the importance of stronger cybersecurity controls, effective monitoring of employee devices, rapid detection of suspicious transactions and cooperation between cryptocurrency companies and law enforcement agencies.
For Binance, the immediate priority remains containing the incident, tracing the affected funds and establishing the full extent of the losses.
The company is expected to release a detailed technical report after completing its investigation and verifying the facts surrounding the breach.
News
Tinubu Arrives in Saudi Arabia for Umrah, Set to Return Next Week
President Bola Ahmed Tinubu has arrived in Saudi Arabia to perform Umrah, the Islamic lesser pilgrimage, as part of a religious visit to the Kingdom.
Tinubu arrived at the King Abdulaziz International Airport in Jeddah on Thursday evening, where he was received by Nigeria’s Ambassador to Saudi Arabia, Yakubu Gambo, and the Saudi head of royal protocol, Ahmad bin Thafir.
The President is expected to proceed to Makkah, the holy city where Muslims from across the world gather to perform the religious rites associated with Umrah.
According to the travel schedule, Tinubu is expected to return to Nigeria next week after completing the pilgrimage.
Umrah is a voluntary Islamic pilgrimage that can be undertaken at any time of the year, unlike Hajj, which takes place during a specific period in the Islamic calendar. The religious exercise involves a series of rites performed in Makkah and is regarded by Muslims as an opportunity for spiritual reflection, repentance and seeking Allah’s blessings.

The visit marks another religious journey by the President since assuming office on May 29, 2023.
Tinubu previously visited Makkah in November 2023, shortly after participating in the Saudi-African Summit in Riyadh, the Saudi Arabian capital. During that visit, he also performed Umrah and sought divine guidance for his administration and the affairs of Nigeria.
His latest trip comes as his administration continues to grapple with major national issues, including economic reforms, the cost of living, security challenges and efforts to stimulate investment and economic growth.
Although the visit is primarily religious, it also highlights the President’s continued engagement with Saudi Arabia, an important partner for Nigeria in areas such as energy, trade, investment and religious affairs.
Since taking office, Tinubu has undertaken numerous foreign trips involving bilateral meetings, multilateral summits, investment engagements and diplomatic visits across several continents.
The frequency of presidential foreign travel has also generated public discussion about the costs, benefits and outcomes of overseas engagements, particularly at a time when Nigerians are concerned about economic hardship and the need for improved living standards.
The Presidency has consistently maintained that international engagements are intended to strengthen Nigeria’s diplomatic relations, attract investment and advance the country’s economic and strategic interests.
Tinubu’s return next week is expected to mark the conclusion of the religious visit, after which he is expected to resume his presidential responsibilities in Nigeria.
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