General
Politicians Bringing in Stolen Funds for Elections—EFCC
By Dipo Olowookere
Acting Chairman of Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has raised an alarm over a sudden rise in the repatriation of looted funds in Nigeria by some politicians ahead of the next month’s elections.
Mr Magu made this disclosure during the general meeting of the Association of Chief Compliance Officers of Banks In Nigeria (ACCOBIN), which held on Thursday, January 31, 2019 in Lagos.
The EFCC chief, who called on financial institutions in the country to desist from laundering illicit funds for corrupt politicians and criminals, said many of them who had stolen the nation’s commonwealth had begun to repatriate the funds to the country for the purpose of influencing the elections through vote buying and compromise of election officers.
He charged members of the group to join hands with the agency to ensure that the coming election was not compromised, adding that the impact could be grievous and devastating.
“We are all under a civic duty to comply with our various responsibilities and ensure that we do the needful to obey the laws and regulations governing the elections,” Mr Magu said
He added that political inducement had now taken other forms and tagged in different names such as “stomach Infrastructure”, “empowerment schemes”, “non-interest yielding loans” and “outright cash handouts”, among others.
Mr Magu, who described members of the group as stakeholders in the fight against corruption, said, “Your obligations are not different from your usual filing of suspicious transactions reports to the relevant authorities, and the prompt filing of currency transaction reports as well as foreign transaction reports.
“We have also observed the upsurge of illicit financial flows into the country through the borders and it is disheartening to see the role financial institutions play in facilitating the flows of these funds into the country.
“It is obvious now that financial institutions serve as intermediaries between law enforcement agencies and the criminals.
“At a simple push of the button, so much is moved to any jurisdiction of their choice.”
He added that no country could combat the flow of illicit funds without the cooperation of financial institutions, adding that “in most cases, it is the financial institutions that provide the means, logistics and strategy for the criminals to thread on.”
He said investigations revealed that foreign properties bought with proceeds of crime were sold, and the proceeds transferred to Nigeria through international banks as legitimate funds that could be used to finance several activities including elections.
He said, “Goods bought with proceeds of crime abroad are sent to Nigeria to support empowerment programmes during election periods.
“The goods are mostly cleared with deficient trade documents processed through the international banks.”
According to him, the condemnable practice also includes moving proceeds of crime that had been taken across the border to neighbouring countries back to Nigeria by depositing such funds in banks with corresponding banking relationship with local banks in Nigeria.
These funds, he said, could be used to finance elections in the country by physical distribution of the funds for political inducement or financing empowerment schemes to solicit votes from citizens.
Mr Magu also said that private bankers for international banks had been found to be facilitating the movement of proceeds of crime, that is physical movement of cash to the country, via charted airlines under the cover that it belonged to the banks.
He, however, said the activities of the criminals could be checkmated by increased transaction monitoring by bank officials, while also reporting suspicious transactions to the relevant agencies without delay.
He urged the group to cooperate with the Commission to ensure that criminals were not given the chance to take over the government and, by extension, the economy of the country.
He re-iterated the fact that the EFCC would prosecute anybody or institution found breaching the provisions of the law.
In his remarks, the Vice President, ACCOBIN, Mr Wumi Adeniyi, expressed his gratitude to Mr Magu for honouring the invitation to the event.
Mr Adeniyi, who is also the Chief Compliance Officer, CCO, Heritage Bank Plc, commended Magu for what he described as his “boldness to fight corruption and economic and financial crimes in the country”.
He also highlighted some of the challenges facing banks’ compliance officers in the country and sought the assistance of the EFCC to tackle them. He said, “We encounter a lot of legal burdens, particularly as it concerns the arrest and detention of compliance officers, among others.”
General
Unlocking Profitability: The Benefits of Hiring a Property Management Company in West Palm Beach
West Palm Beach’s vibrant real estate market beckons both seasoned and novice investors looking to reap substantial returns. However, property ownership comes with its fair share of challenges, including day-to-day maintenance, tenant relations, and the nuances of legal compliance. This is where the expertise of a property management company becomes invaluable. An efficient property manager can alleviate these burdens, permitting owners to enjoy their investments’ benefits with fewer headaches. Keep reading to discover how property management in West Palm Beach can enhance your real estate experience and profitability.
Unlocking Profitability: The Role of Property Management Companies in West Palm Beach
Property managers play a huge role in keeping rental properties profitable, especially in a competitive market like West Palm Beach. They handle the day-to-day work that often drains an owner’s time, from setting the right rental rates to advertising vacancies. Thanks to their knowledge of local trends, West Palm Beach Property Management teams help attract reliable tenants and keep units occupied.
They also serve as the bridge between owners and renters, managing everything from screenings and inspections to repairs and conflict resolution. By keeping properties well-maintained and responding quickly to tenant needs, they boost satisfaction and encourage long-term leases, ultimately protecting property value and strengthening steady cash flow for owners.
Enhancing Real Estate Value through Professional Property Management
Professional property management plays a key role in increasing long-term property value. These teams guide strategic upgrades and renovations that boost appeal and competitiveness in the West Palm Beach market. Consistent maintenance schedules protect essential features, prevent costly repairs, and support stronger property assessments. Skilled managers also anticipate market trends, directing improvements that align with evolving tenant expectations and help properties attract higher rents and responsible occupants.
By coordinating directly with contractors and service providers, they ensure all work meets professional standards while securing competitive pricing through established vendor relationships, giving property owners both savings and confidence in the care of their investment.
Streamlining Operations: How Property Management Saves You Time and Money
Property management services save investors valuable time by handling daily rental operations such as tenant acquisition, maintenance, and administrative tasks. Their expertise creates a streamlined system that frees owners to focus on growth or other pursuits. These firms also help reduce long-term costs through market knowledge, supplier discounts, and preventive maintenance that avoids expensive repairs.
They support strong financial performance with organized tracking of income, expenses, and profitability, making accounting and tax preparation easier. Their skill in budgeting and forecasting helps protect returns and keep investments on track, giving owners more flexibility while maintaining strong rental performance.
Attracting and Retaining Tenants with Expert Property Management Services
Property management companies play a vital role in attracting and keeping reliable tenants by using strong marketing tactics and thorough screening. Their tenant retention efforts, consistent communication, quick responses, and a respectful environment help reduce turnover and encourage long-term leases. Tenants feel more secure knowing they have a dependable point of contact for issues, which boosts satisfaction and stability.
Skilled managers also handle lease renewals and negotiations to maintain favorable terms. With deep awareness of tenant preferences and local market trends, they guide owners in adding desirable amenities that elevate a property’s appeal within West Palm Beach’s competitive rental market.
Navigating West Palm Beach’s Real Estate Legal Landscape with a Property Management Partner
Navigating property law and evolving regulations can be challenging for property owners, making legal compliance a complex task. Property management companies provide expertise in staying current with local, state, and federal laws, helping landlords avoid costly mistakes. They serve as advocates during tenant disputes or legal conflicts, managing issues professionally and, if needed, representing owners in court or negotiations.
These companies also draft and enforce comprehensive lease agreements, minimizing misunderstandings and fostering smooth landlord-tenant relationships. By implementing fair policies and rigorous safety measures, property managers reduce the risk of discrimination claims, safety violations, and other legal repercussions, ensuring both tenant protection and the long-term success of the property.
Altogether, engaging the services of a professional property management company in West Palm Beach is a shrewd investment in real estate success. Property owners benefit from the expertise that not only safeguards but also magnifies the potential of their assets, allowing them to enjoy the fruits of investment with minimal hassle.
General
Pastor Ogbueli’s Abuja Night of Glory Holds Today
By Blaise Udunze
Momentum is gathering for the Abuja Night of Glory taking place today, Friday, December 5, 2025, at the main bowl of the Moshood Abiola National Stadium.
The crusade is being hosted by Dominion City Church headed by Pastor David Ogbueli and it starts by 7pm.
The all-night programme will feature dynamic worship leaders like Nathanial Bassey, Dunsin Oyekan, Theophilus Sunday, Chioma Jesus, Kaestrings, Sunmisola Agbebi Okeleye, Minister GUC, Ebuka Songs, Anthony Kani, and DC Angels.
Reputed as a teacher of righteousness and anointed minister of the gospel, evidenced by the miracles that have trailed his ministry, and one who champions the cause of the poor through empowerment initiatives, Dr. David Ogbueli will be joined by renowned ministers from within and outside Nigeria, including Evangelist Andres Bisonni, Dr. Charles Ndifon, Evangelist Dan Scott, Apostle Ikechukwu Nnajiofor, and several others.
Night of Glory has, in previous editions held across Nigeria’s cities, recorded remarkable results, such as immediate healings and freedom from chronic ailments, recovery of vision and movement after many years of paralysis, along with liberation from dependencies and emotional distress. Numerous participants have also shared testimonies of breakthroughs and big personal changes after the experience. Organisers state that this year’s event, in Abuja, is anticipated to exceed previous editions.
The event is intended for all individuals trusting God for divine intervention in any area of life.
Understanding the role of faith in the destiny of individuals and nations, a dedicated prayer session for Nigeria will take place during the crusade to tackle some of the current challenges being faced in the country and also to uplift he leaders and institutions before God.
Attendance is free, and registration is encouraged via the QR codes on event banners. Organisers expect a massive turnout as worshippers travel from across the country for what is anticipated to be a transformative encounter.
Adequate security and free transportation have been put in place ALL over the city of Abuja, while those outside Abuja are expected to join online.
General
Rivers Speaker, 15 Other Lawmakers Leave PDP for APC
By Modupe Gbadeyanka
The Speaker of the Rivers State House of Assembly, Mr Martin Amaewhule, has defected to the All Progressives Congress (APC).
At the plenary on Friday, Mr Amaewhule joined the ruling party from the opposition Peoples Democratic Party (PDP), along with 15 other members of the state parliament.
This development comes some months after they had earlier declared their support for the APC in the wake of a crisis with the state governor, Mr Sim Fubura.
The lawmakers had an issue with Mr Fubura, which led to a state of emergency declared on the oil-rich state by President Bola Tinubu in March 2025.
This embargo was only lift in September 2025 after the duration of the six-month emergency rule in the state.
A few days ago, members of the Rivers Assembly passed a vote of confidence on President Tinubu, backing him to remain in office till 2031, when he would have spent eight years in office if re-elected in 2027.
Announcing their defection today, the lawmakers pinned their decision on the crisis rocking the PDP at the national level.
It is not certain if their political godfather, Mr Nyesom Wike, who is the current Minister of the Federal Capital Territory (FCT), will join them in APC.
Mr Wike, who governed Rivers State from 2015 to 2023, has been accused of instigating the crisis in the opposition PDP. He was expelled from the party last month at a national convention held in Ibadan, Oyo State.
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