
News
Alleged ₦96bn Fraud: Edo panel indicts Obaseki, impeached LG Chairmen
The administrative panel of inquiry set up by the Edo State Governor, Monday Okpebholo to investigate the financial accounts of the impeached 18 Local Government Chairmen in the state between September 4, 2023 and November, 2024 has allegedly indicted the immediate past Governor of the State, Godwin Obaseki.
A statement made available to newsmen on Sunday by Fred Itua, the Chief Press Secretary to the Governor also allegedly indicted some local government chairmen, leaders of the Peoples Democratic Party, PDP, among others.
The chairman of the panel, Solomon Imohiosen while submitting the report to Governor Monday Okpebholo, alleged that they were indicted for either mismanaging and/or diverting to private accounts, the sum of N95,080,676,687.86, being amount received from the Joint Allocation Account Committee, JAAC, by the 18 Local Government Area Chairmen for the period under review.
Imohiosen listed some of the indicted persons to include the embattled chairman of Orhionmwon Local Government, Newman Ugiagbe who is also the State chairman of the Association of Local Government of Nigeria, ALGON.
Others are Ahonsi Ogiegbaen Osifo, Eric Agbonmwanre, Abraham Burma and Dickson Imasogie Notiemwenmwan.
He alleged that the ALGON chairman used his hotel, the Demarriots Hotels Limited in collusion with others to loot Local Government funds.

He further alleged that findings and forensic investigations uncovered that the N96 billion was either mismanaged and/or diverted to private accounts.
According to him, the panel observed that N95,080,676,687.86 was received from the Joint Allocation Account Committee, JAAC, by the 18 Local Government Area Chairmen for the period under investigation. However, the funds were not judiciously utilized as no meaningful projects were on the ground to justify the amount received.
“The panel established a case of fraudulent diversion of Local Government funds to political godfathers in the state. It was discovered that over N10,433 658,452.00 billion was fraudulently siphoned, using the pseudo name, “Security, Environment and Training”.
“The 18 Local Government Area Chairmen contributed the amount to the account, using it as a conduit pipe to drain government resources, as monies were transferred from there to various individuals and companies.
“The panel’s investigation uncovered significant irregularities in the financial activities of the 18 Local Governments Councils. The recommendations outlined in the report aim to address these issues and promote transparency and accountability in the Local Governments finances.
“The report indicted former ALGON chairman, Oghomwen Newman Ugiagbe, who used his hotel, Demarriots Hotels Limited, Ahonsi Ogiegbaen Osifo, Eric Agbonmwanre, Abraham Burma and Dickson Imasogie Notiemwenmwan to loot Local Government funds”, he alleged.
Imohiosen, however, noted that the panel faced different challenges during the course of the assignment, which included late submission of financial records by various Local Government Councils, incomplete submission of records.
Other challenges, he listed are deliberate obstruction of the investigation by Council personnel who failed to comply on time, but brought hefty sacks as an after-thought to dazzle panel members.
In his remarks after receiving the committee’s report, Governor Okpebholo vowed that the Economic and Financial Crimes Commission, EFCC, would prosecute those indicted for allegedly looting the Local Government treasuries, running into over N95 billion.
Okpebholo, who said, he would personally petition the EFCC on the findings of the report for immediate prosecution, assured that he would go after those indicted to retrieve what they have stolen from the people of Edo State.
“I want to thank you for a job well done. I carefully listened to the submission of the report. The truth is that the administration of former governor Godwin Obaseki took Edo people for granted. They took everything belonging to Edo people and channeled it for their personal gains.
“We thank God for helping us to change the narrative to benefit Edo people. We also thank the President of Nigeria, Bola Ahmed Tinubu, because without his support, we will not be witnessing the kind of development we are experiencing in Edo today.
“A lot has happened. The Peoples Democratic Party looted the treasury of the Local Governments and stole our collective patrimony, and nobody went after them or took action. This time, things are different. We will go after them and retrieve what they have stolen from Edo people.
“They will be made to pay for it. I will personally take this document to the EFCC and ensure that justice is done for this wrong done to Edo people.
“Besides the impeached Local Government Chairmen who were indicted by the report, former governor Godwin Obaseki, leaders of the factional Peoples Democratic Party (PDP), among others, were also fingered.
“The days of financial recklessness and lack of transparency in public office were long over, as “Nigerians need to start demanding accountability from elected public office holders. This is the only way to fight corruption and ensure development”, he said.
Governor Okpebholo had on December 18, 2024 set up the Administrative Panel of Enquiry to investigate the financial dealings of the impeached 18 Local Government Chairmen in Edo State.
Business
UBA Group dominates 2025, Banker Awards, emerges Africa’s Bank of the Year, for third time in five years
….Wins Best Bank in Nine out of 20 African Subsidiaries
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank has, for the third time in five years, been named the African Bank of the year 2025 by the Banker.com.
UBA also won the Best Bank of the Year awards in nine of its 20 African subsidiaries, bringing its total awards this year to ten as UBA Benin, UBA Chad, UBA Republic of Congo (Congo-Brazzaville), UBA Liberia, UBA Mali, UBA Mozambique, UBA Senegal, UBA Sierra Leone, and UBA Zambia, all came out tops as the best banks in their respective countries, underscoring the bank’s strength across West, Central and Southern Africa and highlighting the depth of its Pan-African franchise.
The Banker.com, a leading global finance news publication published by the Financial Times of London, organises the annual Bank of the Year Awards, and this year’s edition was held at a grand ceremony at the Peninsula, London, on Wednesday.

The Chief Executive Officer, UBA UK, Deji Adeyelure, received the awards on behalf of the bank, representing the Group Managing Director/CEO, Oliver Alawuba, and was accompanied by the bank’s Head Business Development, Mark Ifashe, and Head, Financial Institutions, Shilpam Jha.
The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry, celebrating institutions that demonstrate outstanding performance, innovation and strategic execution.

In its remarks on UBA’s winnings, the banker.com said, “For the third time in five years, UBA Group has won the coveted Bank of the Year award for Africa. UBA Group time after time punches above its weight against its larger African rivals. The bank this year also takes home nine separate country awards (one more than it gained for its last continental win in 2024), equivalent to around a quarter of the awards for the continent, and more than any of its continent-wide rivals.”
Continuing, it said, “Perhaps even more impressive is the fact that the awards were won across a broad geographic spread, going to lenders based in the Economic Community of West African States (Benin, Liberia, Senegal, Sierra Leone, and former member Mali), the Central African Economic and Monetary Community (Chad, Republic of Congo) and the Southern African Development Community (Mozambique, Zambia). Its award wins were particularly notable in the highly competitive categories for Benin and Mozambique.”
The Banker also highlighted UBA’s strong financial performance and commitment to future growth. In 2024, the Group recorded a 46.8 per cent increase in assets and a 6.1 per cent rise in pre-tax profits in local currency terms, while continuing to invest significantly in talent and technology. West Africa remains UBA’s heartland, with operating revenue and profit increasing by 87 per cent and 89 per cent respectively in H1 2025.
The bank’s digital and innovation leadership was equally recognised. During the year under review, and launched its Advance Top-Up buy-now-pay-later feature on the *919# USSD platform, expanding financial access for customers, while the bank’s chatbot Leo continued its strong growth trajectory, with transaction volumes rising by 29 per cent year-on-year in H1 2025. Notably, in August, Leo became the first African banking chatbot to enable cross-border payments via the Pan-African Payment and Settlement System (PAPSS).
UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, while reacting to the achievement, said the recognition affirms the bank’s long-term strategy and customer-first philosophy.
“This honour reflects the strength of our Pan-African network, the trust of our customers, and the dedication of our people. Winning Africa’s Bank of the Year for the third time in five years is not by chance; it is a testament to disciplined execution, innovation, and a deep understanding of the markets we serve,” Alawuba said.
“Our nine country awards across diverse regions of Africa show that UBA is not just growing, but growing with impact. We remain committed to driving financial inclusion, supporting economic development, and deploying technology that makes banking simpler, faster, and more accessible to Africans everywhere,” he added.
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
News
FG secures release of 100 schoolchildren abducted in Niger State
The Federal Government has reportedly secured the release of 100 schoolchildren abducted from St. Mary’s Private Catholic Primary and Secondary School, Papiri, in Agwara Local Government Area, Niger State.
Bandits on 21 November 2025, attacked the school in the remote community of Papiri.
Arriving around 2:00 a.m. on motorbikes, the gunmen stormed the school dormitories over a three-hour period, abducting 315 people—303 students and 12 teachers.
Security forces and community hunters were deployed to comb nearby forests for the abductees.
In the immediate aftermath, 50 pupils escaped within the first day and were reunited with their families.
However, 265 individuals—including 253 children and all 12 teachers—remained in captivity.

The Federal Government responded by imposing a 24-hour security cordon and launching aerial surveillance across parts of Kwara, Kebbi, and Niger States.
President Bola Tinubu cancelled planned international travel to address the crisis.
Authorities also ordered the indefinite closure of all schools in Niger State and many federal institutions in high-risk regions.
FG’s Assurance
Last Monday, the National Security Adviser (NSA) to the President, Nuhu Ribadu, reassured parents and authorities of St. Mary’s Private Catholic Primary and Secondary School, Papiri, in Agwara Local Government Area, Niger State, that the abducted pupils “are doing fine and will return soon.”
He conveyed President Tinubu’s message of hope, noting that efforts to rescue the children were progressing and security deployment in the affected area had been intensified.
“God is with them and God is with us. Evil will never win. They are going to come back. I give you that assurance,” Ribadu said during a visit to the Catholic Bishop of Kontagora Diocese and Proprietor of the school, Bulus Dauwa Yohanna, as well as parents of the abducted children at St. Michael’s Catholic Cathedral, Kontagora.
News
Scores killed, others injured as bandits launch fresh attack in Sokoto
Many people have been reportedly killed and others injured as bandits launched a deadly attack on the Gatawa community in the Sabon-Birni Local Government Area of Sokoto State.
According to local sources who spoke with Sahara Reporters, the attackers on Saturday stormed the community in large numbers, opening fire and causing widespread panic as residents fled to safety.
Authorities have yet to release official casualty figures.
The incident adds to a persistent wave of violent attacks in parts of Sokoto State, intensifying concerns over the deteriorating security situation in the region.
Bandits launched a deadly attack on worshippers observing the Subh prayer in Kiba Ruwa in the early hours of Saturday.
Kiba Ruwa is a community in the Sabon-Birni Local Government Area of Sokoto State.

According to local sources who spoke with Egbe Mekun Parrots, the assailants stormed the mosque at dawn, opening fire on the congregants.
Two people including the imam who was leading the prayer were confirmed dead.
Several worshippers were also abducted during the assault, with the exact number yet to be verified.
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