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FG blocks N83bn found in different accounts used in funding protest

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• Council of State meeting in session on Tuesday
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…arrests political collaborators

The Federal Government has traced at least N83 billion in cryptocurrency and fiat money channelled towards the recent nationwide protests.

They include $50m of cryptocurrency — $38m of which were blocked in four cryptocurrency wallets — and N4bn contributed by various political actors in Abuja, Kano, Kaduna and Katsina.

This was part of a presentation by the National Security Adviser, Nuhu Ribadu, at the inaugural meeting of the Council of State convened by President Bola Tinubu at the Aso Rock Villa, Abuja.

According to multiple sources with knowledge of Tuesday’s meeting proceedings, Ribadu, who presented on the topic ‘The Nationwide Protest As It Affects National Security,’ also revealed that an European has been identified as the mastermind of the proliferation of foreign flags during the protests and will soon be declared wanted by the Police.

One of the sources, who spoke on condition of anonymity because he was not authorised to speak on the matter, disclosed that local conspirators traced to capital city Abuja, Kaduna and Kano have been arrested.

“In his presentation, the NSA said the government was able to trace $50m to crypto wallets that were made as donations to the protests. They succeeded in blocking four of those wallets containing $38m.

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“They also found out that some political actors contributed N4bn to fund the protests,” one of the sources claimed.

On Tuesday President Tinubu convened the Council of State meeting to discuss, among other matters, the recent #EndBadGovernance protests, national security, the economy and food security.

The Council comprises the President (who serves as its chairman), the Vice President, all former Presidents and Heads of State, all former Chief Justices of Nigeria, the Senate President, the Speaker of the House of Representatives, the Attorney-General of the Federation, the Secretary to the Government of The Federation and all state governors.

Former Presidents Goodluck Jonathan and Muhamamdu Buhari attended the inaugural Council meeting, while former Heads of State, General Yakubu Gowon (retd.) and General Abdulsalami Abubakar (retd.), joined virtually alongside governors of Abia, Adamawa and Akwa Ibom State.

However, former President Olusegun Obasanjo and former Head of State General Ibrahim Babangida (retd.) did not attend the meeting.

Tuesday’s gathering came days after Nigerians, mostly youths, hit the roads in Abuja for a one-million-man march. The march, which climaxed with a low turnout, marked the 10th day of the nationwide protest against the rising cost of living in the country.

On August 1, the opening day of the nationwide protest, demonstrations declined into destruction of property and loss of lives, especially in the North, leading to at least 22 reported deaths during the “days of rage.”

On August 3, just two days into the demonstrations, viral photos and videos showed demonstrators waving the flags in Kano State and chanting in Hausa, “We don’t want bad government.”

In Kaduna, a state in the north west, protesters were also seen waving the Russian flag and reciting in Hausa, “Welcome, Russia; Welcome, Russia.” Russia, an Eastern power which is currently mired in a proxy war with the West, has been blamed for several unconstitutional changes of government in West African countries such as Niger, Mali and Burkina Faso, among others.

The Nigerian military said the use of Russian flags during the protests was a treasonable offence, adding that it was investigating those behind the move and would “take serious action” against them.

While addressing the nation in a broadcast on August 4, President Tinubu warned demonstrators not to “let the enemies of democracy use you to promote an unconstitutional agenda that will set us back on our democratic journey.”

Security agencies had identified at least four politicians from Katsina, Kaduna and Kano states, who, they said, promoted the use of the Russian flag among demonstrators with the intent to spark unconstitutional regime change.

Another source privy to the discussions at the Council of State meeting told our correspondent that these local actors have been arrested, with the foreign mastermind on the run.

The source said, “The NSA also briefed the Council that there was some element of foreign interference in the protest, that they found out that some foreigners fueled the protests. It was not just about Nigerians protesting against hardship.

“A foreign agent had been found to be connected to it and would soon be declared wanted by the Police. The police will make the announcement this week.

“This agent is a person of interest with his Nigerian collaborators; most of them have been arrested. They are looking for him. But his collaborators in Abuja, Kaduna, Kano and Katsina have been arrested. The NSA also confirmed that eight people died during the protests.”

Meanwhile, the Minister of Solid Minerals Development, Mr. Dele Alake, said no political actor would be allowed to instigate an unconstitutional regime change. He described the #EndBadGovernance protests as an attempt to achieve regime change, saying any such changes must be made through the ballots, not through insurrection.

“Any change of government has to be through the ballots and not through the barrel of the gun or insurrection or any other unconstitutional means,” Alake stated while briefing State House correspondents after the Council of State meeting at the Villa on Tuesday.

He added, “Matters of state were discussed in a robust and frank manner. The National Security Adviser was also on hand to present the security situation of the country. He informed the Council of State about the pre-, during and post-event of the last protests, which I do not call a protest. I call it a movement to effect a regime change by force, which was resisted.

“The Council thanked Nigerians at large for resisting any unconstitutional move to change the government. If anybody is not satisfied with the government, there is always an election coming, so you wait for the election and cast your vote.

“The NSA briefed the Council on the security situation and allayed fears. He spoke about the tightness of the security around the country and also reassured all and sundry that nobody would be allowed to truncate our hard-earned democracy. And he reassured us of the readiness of all security agencies in the country to secure our territorial integrity and protect Nigeria’s democracy.”

The cabinet member confirmed an earlier report, stating that he and his counterparts from various ministries briefed the Council on seven areas: The Nationwide Protest as it Affects National Security; the State of the Economy; Food Security, Availability and Affordability; Milestones in the Solid Minerals Sector; Budgeting and Planning for Sustained Development; Milestones in the Road Sector and Leading a Strong Industrial Base for Transformation and Growth.

“Some of us ministers were invited to make presentations on our road map and what we’ve achieved, as well as the prospects and the challenges in our various ministries.

“And so, me, the Coordinating Minister of the Economy and the Finance minister, Mr Wale Edun, were there to make a presentation.

“The Minister of Budget was also there, he made his presentation. The Minister of Works also made a presentation and so did the Minister of Industry, Trade and Investment and the Minister of Agriculture,” he stated.

On his part, Finance minister Wale Edun told journalists that his data-based presentation at the Council meeting showed attendees Nigeria’s inflation rate, which he said was too high by Tinubu’s reckoning, was reducing steadily.

“In my case, we updated them on the economy, how much progress has been made in terms of the macroeconomic policies being followed under the leadership of President Bola Tinubu, and these policies are anchored on his eight priority areas and the results to date have been very encouraging.

“We looked at the data of this half year for which data was available, compared to the first and second quarters of 2023. And in broad terms, the economy is growing. The balance of payments, in particular, the trade and current account balances, are in surplus.

“The exchange rate is stabilising, and inflation, though uncomfortably high for the liking of Mr. President and his team, is slowing, and it is set to fall. But in particular, there has been support for the economy from investors, by way of portfolio investors and domestic investors, who are participating in important private-public partnerships, particularly the infrastructure sector and foreign direct investment, which is beginning to recover; I would say so.”

Edun noted that the takeaway from his presentation was that “we have exports, goods exports, non-oil exports, at $55bn last year with tremendous room to grow. And we reported an optimistic outlook for the Nigerian economy and society in general due to prospects for economic growth and progress.”

He said the service sector, particularly the outsourcing industry, was highlighted as a sector with high prospects for growth in the near future.

The Chairman of the Nigeria Governors’ Forum, Governor AbdulRahman AbdulRazaq, announced that the Council of State unanimously passed a vote of confidence on President Tinubu.

“The high note of the meeting was a unanimous passage of a vote of confidence on President Bola Tinubu, GCFR, Commander in Chief of the Nigerian Armed Forces,” AbdulRazaq, the Governor of Kwara State, said.

“Members, especially those of the Nigerian Governors’ Forum, were satisfied with the presentation by the members of the Federal Executive Council, and after that meeting, there was an executive session between members of the NGF and Mr President, and frank and fruitful discussions were held between both parties.

“I’m glad to say we are on the right track. And to say in the same vein, members of the NGF, like the members of the Council of State, also passed a vote of confidence on Mr. President.”

The Council was last held 18 months ago – February 10, 2023 – under former President Muhammadu Buhari. At the time, Buhari had convened the meeting to discuss the 2023 elections, the crisis emanating from the new naira policy and fuel scarcity.

The National Council of State is a constitutional organ of the Nigerian government that advises the executive on policy-making, among other functions. Its largely advisory role is to guide the President in decision-making processes on national security, appointments and economic policies.

At the President’s behest, the Council meets to deliberate on crucial national issues, including—but not limited to—national security, economic challenges and the appointment of key public officials like the chairman and members of the Independent National Electoral Commission, the National Population Commission and the Police Service Commission.

Additionally, the Council advises on the exercise of the President’s powers regarding pardons and commutations. The meetings are typically convened by the President and are not held regularly but are instead called as needed, especially when the country faces significant challenges that require input from past and present leaders. Though not binding, the Council’s recommendations often influence presidential decisions.

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How Businessman Lucky Adimike was stabbed to death by his son – Sources

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Lucky Godwin Adimike
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Businessman Chief Lucky Adimike, also referred to as Lucky Godwin Adimike, was allegedly stabbed to death by his 19-year-old son in Abuja.

The incident is said to have happened after an argument at their home in Guzape.

A report says the son, who was reportedly keeping late nights and returning from a night club allegedly stabbed him multiple times and is currently in police custody while investigations continue.

The police reportedly confirmed that a homicide investigation is ongoing.

The incident allegedly happened at his residence in Guzape, Abuja.
He was described as a businessman and electrical dealer.

Sources claimed there was an argument between him and his son, reportedly a nightcrawler, in which he scolded him to be more serious with his studies and life instead of roaming aimlessly, spending lavishly and getting into substance abuse.

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The disagreement allegedly also involved money, lifestyle expectations, and accusations about business funds.

Police reportedly found him injured after a distress call and later confirmed him dead at the hospital.

The Nigeria Police Force reportedly said several people, including a relative, were taken into custody while investigations continue.

Why youth corps member stabbed billionaire father dead -Associate

Friday, May 15, 2026, will linger in the memories of family members of the late multi-billionaire business tycoon, Chief Godwin Adimike, as the day he was allegedly killed by his 21 -year-old son.

Chief Adimike, popularly known as Egonaejeije Na Awka-Etiti, was killed in the early hours of that fateful day at his Number 3, Hassan Adamu Street, Guzape home in the Federal Capital Territory (FCT), Abuja.

Findings revealed that Adimike, a native of Awka Etiti in Anambra State, a major figure in Nigeria’s electronics and import business, was renowned for his strong presence and influence at the Alaba International Market in Lagos.

Having built a vast business empire over the decades, he was widely respected as one of the leading merchants in the popular market.

Findings revealed that Adimike was killed by his son, a member of the National Youth Service Corps (NYSC), on that night following a heated argument at their Guzape home.

When our correspondent visited the Guzape home of the deceased on Friday, the premises were cordoned-off with security operatives still carrying out forensic analysis in his apartment.

One of his close friends resident in Abuja and pleaded anonymity told our correspondent that Adimike owned houses in Lekki, Lagos and in Guzape and Maitama, Abuja, frequently shuttling between the two cities for his business interests.

He explained that the news of the incident reached the union after reports emerged that the businessman was allegedly stabbed three times by his son, who had returned from a club before the confrontation.

He said: “We received news that one of our members, one of the big boys in the market, was involved in a tragic incident. He is an importer, a major dealer, and also involved in real estate.

“He travelled to Abuja to see his first son who is working there as a youth corps member and also manages some of his father’s real estate business.

“Godwin shuttles between Abuja and Lagos because of his business.

“We were told that his son went to a club and later returned to his Guzape home, one of the estates he manages for his father.

“Apparently, a heated argument ensued after the son confronted his father about being unfair with money, citing how some of his friends’ fathers, who are not as wealthy, buy cars for their children.

“Following the confrontation and an argument over mismanagement of business funds, the son allegedly stabbed his father three times in different parts of the body as seen in the body of the deceased.

“The boy is currently in police custody in Abuja, and the wife of the deceased has also been invited for questioning”.

Adimike belongs to the Electrical Dealers Association of Nigeria (EDAN).

A neighbour, who also pleaded anonymity, said: “It was my husband that his son called at about 1am that day that he should come and see his father on the floor.

“When my husband got to their apartment, because we have six flats here, our own is the first while Adimike’s own is the second. My husband got there and saw Adimike on the floor, and he was the one that called the police. The son did not call the police.

“That day, the son was with two ladies and another of his friends.”

Another neighbour described the incident as unfortunate, saying: “That night to the following morning, there is a dog in the neighborhood that barks whenever there is a stranger.

“But that day, the dog did not bark, and this tells a lot about the situation.

“My prayers are that the police should do their investigation and come out with results. This is not funny.”

Details of the incident remain sketchy as investigations are ongoing. The motive behind the incident is yet to be established by the police.

The death of Adimike has left many people in deep shock and mourning. A man widely known for his generosity, kindness and support for the less privileged, whose name echoed across Awka-Etiti and beyond because of his philanthropic lifestyle.

Another close friend said: “What an abomination and painful tragedy. A man known for helping widows, supporting the church, empowering people and touching lives positively did not deserve such an ending.

“This heartbreaking incident is a reminder that anger, lack of self-control and family conflicts can destroy lives within seconds.

“It is also a painful lesson that wealth, fame, and influence cannot replace peace at home.

“The entire Awka-Etiti community, friends, business associates and loved ones are mourning the fall of a great iroko tree.”

Many people who knew him described him as a humble and cheerful giver whose doors were always open to the needy.

During the COVID-19 period, he reportedly distributed food items and cash worth millions to members of his community in Awka-Etiti, showing his heart for humanity and the welfare of others.

It will be recalled that the FCT Police Command on Tuesday issued a statement confirming the incident and the arrest made.

FCT Police Public Relations Officer, SP Josephine Ade, said the police had commenced investigation into the death of Adimike, whose body was discovered following a distress call from concerned persons.

Reacting to the incident, Adeh said the police responded to the report and discovered the victim lying injured in a pool of blood at his residence.

Adeh said he was immediately rushed to Karu General Hospital where doctors on duty confirmed him dead.

“Following the incident, the police swung into action and arrested five suspects, including a relative of the deceased, as part of ongoing investigations.

“The Commissioner of Police, FCT Command, Ahmed Muhammed Sanusi, ordered a discreet investigation into the circumstances surrounding the death.

“The Command urged residents to remain calm and cooperate with investigators by providing any useful information that could assist the investigation,” Adeh said.

As of Friday, Adeh told our correspondent that investigation was still ongoing. “I would not want to disclose any information now till we conclude our investigation. This is a very serious case,” he said.

While all of these are unfolding, the family members issued a statement over the circumstances surrounding his death, frowning at growing speculations and unverified claims over the tragedy.

In a statement issued on Wednesday and signed by the Adimike Family, a copy of which was obtained by THE NATION, the family cautioned the public against what it described as misinformation, speculation and false narratives circulating across social media and some news platforms regarding the gruesome killing of the businessman.

The family said many of the claims being circulated about the circumstances surrounding Adimike’s death were speculative, misleading and unsupported by facts emerging from the ongoing police investigation.

“The Adimike Family of Awka Etiti, Anambra State, wishes to strongly caution the public against the growing wave of misinformation, speculation and false narratives being circulated across social media and certain news platforms regarding the tragic circumstances surrounding his death,” the statement said.

The family stressed that contrary to widespread reports, no official determination had been made regarding the identity of the perpetrator or the brains behind the killing.

“As of this moment, no official determination has been made regarding the identity of the perpetrator(s), and the family considers it irresponsible and deeply hurtful for individuals and platforms to spread unverified allegations and assign blame without evidence,” the statement added.

The family further appealed to members of the public and media organisations to avoid sensational reporting and allow law enforcement authorities to conclude investigations professionally.

“The family respectfully appeals to the public and media organisations to refrain from sensationalism, allow the police to conclude their investigations professionally, and keep the family in prayers during this difficult period,” it stated.

News of Adimike’s death had sparked widespread reactions after reports emerged alleging that the prominent businessman and philanthropist was killed inside his Abuja residence following a domestic altercation.

However, the family’s statement appears to push back against what it described as premature conclusions while police investigations continue.

Our correspondent also saw a viral audio sound of the deceased’s wife crying and saying in Igbo language that she is being accused of killing her husband.

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DISCLAIMER: NDC disowns John Paul Anih

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…Says he’s neither Enugu State Chairman, nor represents NDC

The attention of the National Working Committee (NWC) and entire leadership of the Nigeria Democratic Congress (NDC) has been drawn to the nefarious activities of a certain John Paul Anih who is purporting to be the Enugu State Chairman of NDC, there by impersonating the authentic and legally recognised Enugu State Chairman, in the person of Engr. Ibuchukwu Obeta.

Apart from impersonating our state Chairman, the said Mr. John Paul Anih, we learnt also conducted a kangaroo state Congress where he allegedly installed himself as state chairman. He has also approached a court in Enugu, seeking to compel NDC to recognise him as our state Chairman for Enugu State.

Mr. John Paul Anih did not stop at that. While his case is yet to be heard, he went ahead to forge and reproduce copies of the NDC Expression of Interest Forms which he sold to unsuspecting prospects.

The NDC hereby warns unsuspecting members of the public that Mr. John Paul Anih does not represent the NDC in any category whatsoever, and whoever transacts any business with him on behalf of the NDC does so at his/her own risk.

Earlier today, we learnt that John Paul Anih has also seized the opportunity of the ongoing screening of aspirants by the party and set up what he called an aspirant screening Committee for Enugu State, which he is using to further defraud and extort some gullible politicians.

For the avoidance of doubt, the National leadership of the NDC has set up screening committees to screen aspirants for the state houses of assembly across the 36 states of the Federation. The three-man team for Enugu State comprises the following:

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Hon. Sylvester O. Nwankwo – Chairman
Barr. Ifeanyi Emmanuel Agbom- Secretary
Ngene Helen Funmilola – Member

Any other person outside of the above mentioned, purporting to be a member of the Enugu State House of Assembly aspirants screening Committee is a fraud and should be treated as such.

We reiterate that John Paul Anih is a fraud, does not represent the NDC, and is not by any stretch of the imagination, the Enugu State Chairman of NDC.

Signed:

Osa Director Esq.
National Publicity Secretary,
Nigeria Democratic Congress (NDC)

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Supreme Court restrains FG from controlling waterfront lands in states, voids parts of NIWA Act

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FJSC nominates 22 Justices for Supreme Court Bench
Supreme Court of Nigeria
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The Supreme Court has delivered a landmark constitutional judgement limiting the federal government’s powers over lands adjoining inland waterways across the country, declaring portions of the National Inland Waterways Authority (NIWA) Act unconstitutional.

In a major victory for Lagos State in Suit No. SC/CV/541/2025, the apex court held that Sections 12 and 13 of the NIWA Act are invalid to the extent that they empower the federal government to regulate and control lands adjoining waterways for purposes unrelated to navigation, maritime activities and fishing.

In addition to Lagos, other states that joined the suit against the federal government were Bayelsa, Akwa Ibom, Ogun, Cross River, Kaduna, Enugu, Ebonyi, Ekiti, Benue, Rivers, Osun, Oyo and Anambra.

Lagos State’s legal team was led by the State’s former Governor, Babatunde Raji Fashola SAN, alongside Olasupo Shasore SAN, and Muiz Banire SAN, while the federal government was represented by Akin Olujinmi SAN.

The court affirmed that state governments retain constitutional authority over adjoining lands used for non-navigational purposes, thereby restricting the federal government and the NIWA from exercising sweeping control over such areas.

The seven-member panel of the court, led by Justice Mohammed Lawal Garba, also issued a perpetual injunction restraining the federal government from dealing with lands adjoining waterways within Lagos State and other states of the federation for non-navigational purposes.

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The matter was determined by a panel comprising Justices Garba, Emmanuel Akomaye Agim, Chidiebere Nwaoma Uwa, Haruna Simon Tsammani, Stephen Jonah Adah, Abubakar Sadiq Umar and Mohammed Baba Idris. Justice Umar, read the lead judgment.

Although the court was unanimous on most issues, the decision recorded a 5-2 split on the constitutionality of Sections 10 and 11 of the NIWA Act.

Justices Agim and Idris dissented on some aspects of the decision, maintaining that Lagos State ought to have succeeded on additional reliefs relating to federal control over waterways.

Lagos State had approached the Supreme Court under its original jurisdiction, challenging the constitutional validity of several provisions of the NIWA Act.

The state argued that the National Assembly exceeded its constitutional authority by enacting provisions empowering the federal government and NIWA to exercise control over lands adjoining waterways within states.

Specifically, Lagos contended that Sections 10, 11, 12 and 13 of the NIWA Act conflicted with Sections 4 and 315 of the Constitution, the Land Use Act, and Items 36 and 64 of the Exclusive Legislative List.

The state further argued that the federal government could not validly exercise powers over inland waterways that had not been designated as international or interstate waterways by the National Assembly.

Lagos also maintained that the federal government lacked constitutional authority to regulate lands adjoining waterways for purposes unrelated to navigation.

The state sought multiple declarations and orders nullifying the disputed provisions and restraining federal authorities from exercising control over adjoining lands within its territory.

Before delving into the substantive issues, the Supreme Court first considered preliminary objections filed by the federal government and other defendants challenging the jurisdiction of the court. The objections were dismissed for lacking merit.

The court subsequently proceeded to determine the constitutional questions raised in the suit.

One of the key issues addressed by the court was whether the case had already been settled in the earlier dispute between NIWA and the Lagos State Waterways Authority (LSWA).

The defendants had argued that the doctrine of res judicata applied because the issues had been determined in the earlier NIWA v. LSWA decision.

However, the Supreme Court rejected the argument, holding that the present suit was distinguishable from the earlier case and therefore not barred.

That finding cleared the way for the court to fully examine the constitutional validity of the disputed provisions of the NIWA Act.

In its substantive findings, the court held that Sections 12 and 13 of the NIWA Act went beyond the constitutional powers granted to the National Assembly.

The apex court ruled that while the federal government possesses authority over navigation, maritime activities, fishing and international waterways, those powers do not extend to general control over lands adjoining waterways within states.

The court held that the National Assembly acted ultra vires by attempting to regulate adjoining lands for purposes outside navigation-related activities.

Accordingly, the court declared Sections 12 and 13 unconstitutional to the extent of their inconsistency with the Constitution.

The court specifically held that the federal government cannot rely on those provisions to deal with lands adjoining waterways for non-navigational purposes.

The judgment is expected to have far-reaching implications for waterfront development, land reclamation, urban planning, environmental regulation and revenue generation in Lagos and other coastal states.

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