
News
Yahaya Bello: BDC operator reveals how over $500m, N3bn flowed into his accounts
An Abuja-based Bureau de Change operator, Jamilu Abdullahi and third prosecution witness in the trial of Ali Bello, on Thursday, before Justice Obiora Egwuatu of the Federal High Court, Abuja, gave a narrative of the financial transactions between him and the Kogi State government under former governor, Yahaya Bello.
The Economic and Financial Crimes Commission, EFCC, which disclosed this in a post on its official X handle on Thursday, said the rundown includes how the ex-governor repeatedly paid the school fees of his three daughters in dollars through him and his companies.
Also mentioned in the case is Ali Bello, the current Chief of Staff to Kogi State Governor, Usman Ododo, nephew of Yahaya Bello. He is facing prosecution by the Economic and Financial Crimes Commission, EFCC, on 18-count charges of money laundering and misappropriation to the tune of over N3 billion, alongside Abba Daudu, Yakubu Adabenege, and Iyada Sadat.
According to EFCC, the witness disclosed that on one of the occasions, Abba Daudu, the second defendant, brought $300,000 in cash to him for the payment of Yahaya Bello’s daughters’ school fees, when led in evidence by the prosecution counsel, Rotimi Oyedepo.
“Abba Daudu called me to say that they have a transaction though it was on the weekend, but I drove down to the office and waited for them to come. Upon their arrival, three of them came. One of them stayed in the car with the driver, two of them walked to my office and a friend of Abba Daudu was holding a black leather bag containing $300,000.

“Upon entering, he greeted and Abba Daudu introduced him as his friend and business partner, saying he has a transaction. He dropped $300, 000 in cash. I wanted to count the dollars before they left, but I could not due to the power outage. I told him I could not use my hands and needed to confirm that it was $300,000, so I locked the dollars in my office safe and two of them left. Then, Abba Daudu’s friend said when I confirmed the sum, details would be forwarded to me for payment.
“However, the sum of $300,000 attracts some service charges which he said I should calculate and let Abba Daudu know. After I completed the transfer, I forwarded four receipts indicating $75,000 four times to Abba Daudu, and he confirmed to me that the payment was confirmed successfully,” he said.
When asked by the prosecution counsel if he knew anything regarding the transactions on Exhibit D, Pages 50, 52 and 53, he said: “Yes, I know the transactions of $75,000, being paid to the school four times totalling, the sum of $300,000 as forwarded by Abba Daudu and further confirmed that the fees was paid for one of Yahaya Bello’s daughters. And the name of the recipient is Naima Ohunene Bello,” he said.
Another payment of the fees, he recalled, was done by a company, Aleshua Solutions Services, which he said paid the sum of $42,170 for Naima Ohunene Bello.
“It was paid on behalf of the student Naima Ohunene Bello for school fees based on the instruction and as forwarded by Abba Daudu, and the date is 24th January 2022,” he said.
On Page 7 of Exhibit D was $78,160 he identified as payment for school fees through Aleshua Solutions Services in respect of another Yahaya Bello’s daughter, Fatima Oziohu Bello. “Based on the receipt before me, I am seeing acknowledgement of $78,135 being paid for Fatima Bello and on the Aleshua Solutions Services,” he affirmed.
On Page One of Exhibit D, he identified a transaction of $44,675 also for Naima Bello. “I have seen it on the receipt of the payment. $44,700 was paid to the school, but due to internal charges from the bank, $25 was deducted, making the total balance of $44,675,” he said.
The beneficiary school, he told the court, was American International School, AIS.
Regarding transactions from Daudu’s company, Keyless Nature Limited, to his own Kunfayakun company’s account on December 15 and 17, 2021, he said: “I received the sum of N100 million on the 15th December 2021 from Keyless Nature. On the 17th December, 2021, I received N400 million. Meanwhile, on the 21st, 22nd and 23rd, December 2021, I received N100 million. On the 22nd December 2021, I received the sum of N100 million only. On the 23rd December 2021, I received N35 million.
“I also received payment from Remita International in the sum of N40 million on 12th December, 2021, and there was an entry of N33 million on the 17th of December 2021. On the 7th February 2022, I confirmed the receipt of N90 million from Keyless Nature,” he said.
Counsel to Ali Bello, first defendant A.M. Aliyu, who wished to cross-examine the witness, asked for an adjournment to enable him to study and have a full grasp of the massive facts and figures involved. Nurain Jimoh, counsel to the second, third and fourth defendant agreed with him, while the prosecution counsel objected to the adjournment on the account that the witness has been in the dock since February 6, 2023.
“I believe the cross-examination of PW 3 should begin. If there are other grounds, however, the application can be sustained. If not, I urge your Lordship to turn it down,” he argued.
Justice Egwuatu adjourned the matter till October 25, 2024, and November 5 and 6, 2024 for the continuation of trial.
It could be recalled that while testifying on Tuesday, September 24, 2024, the witness identified that Page 9 of Exhibit D also contained $11,000 payment by Whales Oil and Gas to AIS, which was done based on Daudu’s directive, being the one who gave him the account details into which he made the payment.
He further explained on the same date that exhibits 16, 17, 18, 19, 20 and 21 were all payments to AIS. Exhibit 16, he said, captured payments of $7,653 to Bello Nana Fatima. The same he said applied to the payment of $19,296 on Page 17 and $7,725 on Page 18, while pages 19, 20 and 21 captured payments of $6,611.29, $21,470 and $21,492, respectively, in favour of Zahra Bello.
He also narrated on September 24, 2024, how cash deposits running into millions of naira were made into his E-Traders International Limited and Kunfayakun companies’ accounts as well as to his personal account by Daudu.
According to him, on July 27, 2021, he received N10 million and on August 19, 2012, there was a cash deposit of N100 million in N10 million tranches and N100 million deposit on August 25, 2021.
On August 30, 2021, he disclosed that there was a N63 million deposit and an additional N50 million a day later, on August 31, 2021, into his account. He further disclosed that on September 2, 2021, there was a double N30 million lodgment totalling N60 million.
He stated that the inflows into his accounts continued on October 8, 2021, with a transfer of N60 million and a double inflow of N130 million and N139.5 million on November 4, 2021.
On November 10, 2021, N25,134,000 flowed in; another N50 million, he said, flowed in on November 12, 2021, and N200 million on November 30, 2021. The inflows, he said, continued on December 1, 2012, with N220 million and N16,008,000 on December 3, 2021. On December 22, 2012, he said N40 million flowed in from the same source.
The witness, in his September 24, 2024 testimony, also admitted that Kayless Nature Limited deposited N100 million to him on December 21, 2021, with the authorisation of the second defendant.
On December 22, 2021, another N100 million, he said, flowed in from Kayless Nature Limited, and another N60 million from the company on December 29, 2021.
The financial traffic continued on the New Year. According to him, on January 18, 2022, N40 million flowed in and continued thereafter.
“On the 19th of January, 2022, I received N50 million, while on the 24th, 2022, I received N30 million, and on the 28 of that same January, 2022, I received N40 million cash in four tranches, and another N120 million. On January 31, 2022, I received an inflow of N160 million, while on February 1, 2022, I received N110 million, and N150 million on February 8, 2022,” he said.
He further disclosed that on March 2, 2022, a total of N84 million was deposited in his account with another lump sum of N122,980,000 on March 10, 2022 and N60 million on March 21, 2022.
On April 5, 2022, he stated that N150 million flowed in and N140 million a day later, on April 6, 2022.
News
Fuel Price Hike: Workers to begin strike in October
Public servants under the Joint National Public Service Negotiating Council have reaffirmed their September 30, 2026, ultimatum to the Federal Government over the rising cost of petrol, the demand for a wage award and the commencement of negotiations for a new national minimum wage.
The JNPSNC, made up of eight public sector unions, issued a three-day warning strike notice to the Federal Government, beginning October 2, should the government fail to slash the price of petrol to N500 per litre, announce a wage award and introduce other measures to cushion the crushing hardship in the country.
Members of the JNPSNC include the Nigerian Civil Service Union; Medical and Health Workers Union; Association of Senior Civil Servants of Nigeria; and National Association of Nigerian Nurses and Midwives.
Others are the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Employees; Nigeria Union of Public Service, Reportorial, Secretarial, Data Processors and Allied Workers; National Union of Printing, Publishing and Paper Products Workers; and National Union of Agriculture and Allied Employees.
The council said it had mobilised public servants across the country for a three-day warning strike if the Federal Government failed to address the issues raised in its letter to President Bola Tinubu before the deadline.

Recall that the JNPSNC had, on September 21, written to Tinubu, demanding that the price of petrol be slashed to N500, the immediate announcement of a wage award and the beginning of negotiations for not less than N500,000 minimum wage from 2027, among others.
In a statement on Tuesday, September 29, 2926, leaders of the JNPSNC warned that should the issues of fuel pump prices and the wage award not be addressed by September 30, especially during the Independence anniversary speech by the President, public servants nationwide would commence a three-day warning strike beginning October 2, 2026.
The statement issued by the National Secretary of the JNPSNC and General Secretary of the Nigeria Civil Service Union, Gbenga Olowoyo, said the September 30 deadline remained sacrosanct, stressing that the concerns of Nigerian workers could no longer be ignored.
According to him, “The three critical issues requiring urgent attention are as follows: reduction of fuel price to N500 per litre. The Federal Government should take urgent steps to bring down the price of Premium Motor Spirit (PMS) to N500 per litre.
“This can be achieved through the provision of an intervention fund to address landing costs and support oil and gas operators.
“It is equally important for the Federal Government to ensure the sale of crude oil to the Dangote Refinery and operators of modular refineries at appropriate terms to facilitate increased domestic refining and help bring down the price of petroleum products.
“The current price of PMS, ranging from N1,450 to N2,000 and, in some locations outside major communities and cities, as high as N2,500 per litre, is unacceptable to Nigerian workers.
“The council maintains that the economic hardship occasioned by the high cost of fuel is placing the survival of Nigerian workers, their dependants and the general populace under severe pressure, making it increasingly difficult for Nigerians to live normal and dignified lives.
“The Federal Government should urgently approve a wage award for Nigerian workers to cushion the effects of the prevailing harsh economic conditions being experienced by workers, their dependants, and vulnerable Nigerians.
“The council believes that urgent action on this demand will further enable public servants to consolidate their loyalty, commitment and productivity within the public service ecosystem.”
Minimum wage committee
The workers asked the Federal Government to urgently establish a committee to facilitate negotiations for the new minimum wage.
“The Federal Government should urgently establish a tripartite committee to commence and facilitate negotiations for the new national minimum wage expected to become due in 2027.
“The Nigerian workers’ demand for the immediate constitution of the committee is informed by the need to avoid any administrative or procedural delay that could affect the implementation of the new National Minimum Wage once it is eventually negotiated and passed into law by the National Assembly,” the statement added.
Warning strike
“Consequently, the council states that failure by the Federal Government to take the necessary steps to address these issues on or before 30th September 2026 will leave Nigerian workers with no option but to commence a three-day warning strike, with effect from Friday, 2nd October 2026, to press home their demands.
“It is imperative to state clearly that the Independence Day address of the President of the Federal Republic of Nigeria should adequately address these critical issues.
“Failure to address the concerns raised, according to the Council, will attract the displeasure of Nigerian workers and their dependants, as well as other vulnerable Nigerians who continue to bear the brunt of the prevailing economic hardship,” the statement concluded.
News
Enugu leads as four states cut domestic debt by over 20% in six months
Four Nigerian states reduced their domestic debt by more than 20 per cent in the first half of 2026, with Enugu recording the biggest reduction.
According to an analysis of Debt Management Office (DMO) data, Enugu, Jigawa, Ondo and Zamfara reduced their domestic debt between December 2025 and June 2026.
Four Nigerian states reduced their domestic debt by more than 20 per cent in the first half of 2026, with Enugu recording the biggest reduction.
According to an analysis of Debt Management Office (DMO) data, Enugu, Jigawa, Ondo and Zamfara reduced their domestic debt between December 2025 and June 2026.
The four states had a combined domestic debt of N224.66 billion in December 2025. By June 2026, the figure had fallen to N126.85 billion.

This represents a reduction of N97.81 billion, or 43.53 per cent, within six months.
Enugu recorded the highest reduction at 52.73 per cent, followed by Jigawa with 34.71 per cent, Ondo with 26.82 per cent and Zamfara with 20.86 per cent.
Enugu
Enugu’s domestic debt fell from N157.60 billion in December 2025 to N74.51 billion in June 2026.
This represents a reduction of N83.10 billion, or 52.73 per cent, the largest decline recorded by any state during the period.
The state recorded a 23.84 per cent reduction in the first quarter, before cutting its debt by another 37.93 per cent in the second quarter.
Jigawa
Jigawa reduced its domestic debt from N1.60 billion in December 2025 to N1.04 billion in June 2026.
The reduction amounted to N555.41 million, representing 34.71 per cent.
The state recorded no change in its debt during the first quarter, but reduced it by 34.71 per cent in the second quarter.
Ondo
Ondo’s domestic debt dropped from N8.42 billion to N6.16 billion during the six-month period.
This represents a reduction of N2.26 billion, or 26.82 per cent.
The state reduced its debt by 13.11 per cent in the first quarter and a further 15.78 per cent in the second quarter.
Zamfara
Zamfara’s domestic debt fell from N57.04 billion in December 2025 to N45.14 billion in June 2026.
The state reduced its debt by N11.90 billion, representing 20.86 per cent.
Most of the reduction occurred in the first quarter, when the debt fell by 16.77 per cent. It declined by another 4.91 per cent in the second quarter.
Other states also recorded notable reductions. Kwara’s debt fell by 18.93 per cent, Ogun by 16.89 per cent, Anambra by 16.74 per cent, Ebonyi by 15.55 per cent and Bayelsa by 15.36 per cent.
Overall, 26 states reduced their domestic debt between December 2025 and June 2026, while 10 states and the Federal Capital Territory recorded increases.
Edo recorded the largest increase at 135.72 per cent, followed by the FCT at 89.98 per cent, Borno at 70.52 per cent, Adamawa at 52.74 per cent and Delta at 48.41 per cent.
News
Mbah to 17 New LG Council Chairmen: No Honeymoon, Work to Eradicate Poverty
Governor of Enugu State, Dr Peter Mbah, has charged the newly sworn-in chairmen of the 17 local government areas in the state to immediately commence work, stressing that the local government system is not a passive arm of government in the state, but an active partner in the development agenda of the state government.
Mbah gave the charge following the swearing-in of the newly elected local government chairmen and vice chairmen at Government House, Enugu.
The Enugu State Independent Electoral Commission (ENSIEC) had on Sunday declared candidates of the All Progressives Congress (APC) winners of the 17 chairmanship and 260 councillorship seats in the council election conducted across the state on Saturday.

The chairmen and their council areas are John Ogbodo, Nkanu West; Mike Ogbuekwe, Nkanu East; Ugochukwu Nwanjoku, Aninri; Jude Chinedu Asogwa, Nsukka; Caleb Ani, Enugu South; Ugo Ferdinand Ukwueze, Igboeze South; Brendan Emeka Ani, Isi-Uzo; Ibenaku Onoh, Enugu North; Martin Amadieze, Igbo-Etiti; and Innocent Ezeoha, Udenu.

Others are Chris Onyekachi Simon, Igboeze North; Chijioke Ezeugwu, Uzo Uwani; Hyginus Agu, Udi; Uche Okolo, Awgu; Beloved Dan Anike, Enugu East; Greg Anyaegbudike, Oji River; and Vitals Ndu, Ezeagu.
Speaking at the inauguration ceremony the governor reminded the chairmen that the promises they made during the electioneering period had now become obligations to the electorate, describing the relationship between elected officials and the people as a social contract.

“In the last few weeks, you went around the communities, meeting our people, soliciting their votes. They have done you that honour of giving you their mandates to serve them and it is now your turn to discharge those commitments.
“So, what you have just done here today is beyond symbolism. It is quite significant because it means that you have just sealed the social contract you have with the people.
“I would, therefore, imagine that you are going to hit the ground running because there is really no honeymoon when we have quite a whole number of tasks ahead of us at this point,” he asserted.
Mbah stressed the strategic importance of the local government system, describing it as the tier of government closest to the people and a critical partner in the state’s development agenda.
He said the government’s objective to eradicate poverty could not be achieved without addressing poverty in rural communities where there is prevalence of poverty.
He, therefore, urged them to align their programmes and priorities with the broader development agenda of his administration, particularly in education, healthcare, sanitation, agriculture and poverty reduction.
Mbah further charged them to make themselves accessible and accountable to the people.
“You must be accessible to the people that elected you. You must be accountable to them. And you must spend their resources responsibly,” Mbah stressed.
On education, the governor urged the chairmen to go beyond physical infrastructure and focus on measurable outcomes, including literacy, numeracy and school enrolment.
“It should equally interest you to have the statistics of those kids that are of school age that are not in school in your local government and to be actively working to ensure that you have zero — and I mean zero — not even one child who is of school age should be out of school,” he said.
He urged the chairmen to make the welfare of poor and vulnerable residents a priority, saying poverty eradication would require deliberate measurement of progress rather than mere political declarations.
Responding on behalf of the chairmen, the re-elected Chairman of Igboeze South Local Government Area and Deputy Chairman of the Association of Local Government of Nigeria, Enugu State, Barr. Ugo Ferdinand Ukwueze, expressed appreciation to the people of the state and Mbah for giving them the privilege to serve.
He said some of them, who had previously served under Mbah, had acquired valuable experience during the period and pledged the commitment of the chairmen to good governance and expressed confidence that, at the end of their tenure, they would be proud of their contributions to the development of Enugu State.
“For those of us that were privileged to serve under your leadership in the past two years, I can tell you that the knowledge gained, experience acquired cannot be measured in words.
“We want to sincerely commit and recommit ourselves to the course of your good governance so that at the end of our tenure, we will be proud that Enugu State gave you the opportunity to groom us to what we are actually becoming,” he said.
The event was witnessed by the Deputy Governor, Barr. Ifeanyi Ossai; members representing Nkanu East and West, as well as Igboeze North and South Federal Constituencies, Hon. Nnolim Nnaji and Hon. Dennis Agbo, respectively; Deputy National Chairman (South) of the All Progressives Congress, Dr. Ben Nwoye; State APC Chairman, Dr. Martin Chukwunweike; Secretary to the State Government, Prof. Chidiebere Onyia; Chief of Staff, Barr. Victor Udeh, among several other dignitaries and senior government officials.
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