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9b Fraud: Court Admits More Exhibits Against Nyako, Others

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By Modupe Gbadeyanka

A Federal High Court in Maitama on February 20, 2017 admitted 26 documents as exhibits in the trial of a former Governor of Adamawa State, Mr Murtala Nyako, who along with his son, Senator Abdul-Aziz Nyako, Abubakar Aliyu and Zulkifikk Abba, are standing trial for a N29 billion fraud.

The Economic and Financial Crimes Commission (EFCC) is charging them with a 37-count charge bordering on criminal conspiracy, stealing, abuse of office and money laundering.

They are alleged to have used five companies – Blue Opal Nigeria limited, Serore Farms & Extension Limited, Pagoda Fortunes Limited, Towers Assets Management Limited and Crust Energy Limited, among other companies to commit the fraud.

Justice Okon Abang had at the last sitting of January 25, 2017 adjourned to today due to the absence of third prosecution witness, Olabode Farinuola, a staff of Zenith Bank, through whom the documents were supposed to have been presented in court.

At the resumed sitting, prosecution counsel, Rotimi Jacobs, SAN, told the court that Farinuola had resigned from the bank and had traveled out of the country to the United States.

“This is the new development, after we made inquiry with Zenith Bank and so they have provided us with another witness,” he said, urging the court to “set aside Farinuola’s evidence”.

No objections were raised by Kanu Agabi, SAN, counsel to Nyako, his son and Serore Farms & Extension Limited; Y.C Maikyau, SAN, counsel to Abubakar Aliyu; Ibrahim Isiyaku, counsel to Zulkifikk Abba and Towers Assets; counsel to Blue Opal Nigeria limited, Olumide Olujimi; and counsel to Crust Energy Limited, O. A. Dada.

Justice Okon Abang, thus ruled that “since prosecution witness 3, PW3 is not in court to complete his evidence in-chief, it is hereby set aside and expunged”.

Ugwu Remigius, compliance officer with the Maitama branch of Zenith Bank, who replaced Farinuola thereafter took the witness box.

While being led in evidence by Jacobs, he said, “I worked with Farinuola at the compliance department we printed and compiled the documents as regards to the request of the EFCC for the statement of accounts, account opening packages and certificate of identification with regards to companies they were investigating.”

He thereafter identified the documents linked to the defendants, which the EFCC alleged to have been used to perpetrate the fraud.

The defence raised no objections to the admissibility of the documents.

Justice Okon, while adjourning to February 21, 2017 for “continuation of trial”, admitted the documents in evidence and marked them as exhibits C1-C63, D1-D274, E1-E60, F1-F235, G1-G154, H1-H42, I1-I203, J1-J35, K1-K16, L1-55, LB1-53, M1-38, N1-37, O1-34, P1-66, Q1-34, R1-28, S1-54, T1-27, V1-33, W1-60, X1-28, Y1-40, Z1-31, ZA1-250.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Nigerian Bottling Company Bridges Education, Employability Gap

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Nigerian Bottling Company UNILAG

By Modupe Gbadeyanka

The Nigerian Bottling Company (NBC) has reaffirmed its determination to bridge the gap between education and employability in the country by sustaining its flagship Youth Empowered (YE) programme.

This initiative provides hands-on learning, real-world insights, and access to career-shaping opportunities to young Nigerians.

The 2026 edition of the scheme commenced on February 2 at the University of Lagos (UNILAG), with participants mainly young people between the ages of 16 and 35.

A statement from the organisation said this year’s rollout will expand to more tertiary institutions, including the Federal University of Technology, Akure (FUTA). This follows a successful 2025 tour that reached seven cities across the country, including Makurdi, Jos, Benin, Kaduna, Asaba, Akure, and Port Harcourt.

Participants in the 2026 programme will receive training across key modules designed to support personal, professional, and business growth, including Business Life Skills, Adaptability and Resilience, Financial Literacy, Customer Service and Communication, Sales and Negotiation Skills, and Workplace Ethics.

The sessions will also feature breakout workshops on Business Planning, Project Management, and Time Management, alongside the Director’s Grant Pitch Competition, where participants can pitch their ideas for a chance to win business funding.

In addition to skills development, NBC’s People and Culture team will be present throughout the programme to identify outstanding talent for future opportunities within the organisation, further strengthening the connection between learning, employment, and long-term career growth.

One of the participants at the UNILAG training, Waliat Adedogun, who received a cash grant through the Director’s Grant Pitch Competition to support her small business, said: “Youth Empowered gave me more than training; it gave me clarity and confidence. Winning the grant means I can finally take my business idea from a dream into something real. I now feel prepared to build, grow, and create opportunities not just for myself, but for others too.”

Since its launch in 2017, the scheme has impacted more than 70,000 young Nigerians, equipping participants with practical skills, confidence, and exposure needed to succeed in today’s dynamic workplace and entrepreneurial landscape.

This year’s programme is being delivered in collaboration with Fate Foundation as the implementing partner, with funding support from The Coca-Cola HBC Foundation.

Last year, 10 beneficiaries were selected for six-month paid internships across NBC locations in Lagos, Ibadan, Asejire, and Challawa, gaining direct industry exposure.

Additionally, three outstanding participants received sponsorship for an all-expenses-paid intensive culinary training programme and were awarded N1 million each to support the launch of their businesses.

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INEC Fixes February 20 for 2027 Presidential, NASS Elections

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Incorruptible INEC Chairman

By Modupe Gbadeyanka

The 2027 presidential and National Assembly elections will take place on Saturday, February 20, the Independent National Electoral Commission (INEC) has revealed.

In a notice for the 2027 general polls issued on Friday, the electoral umpire also disclosed that the governorship and state assembly elections for next year would be on Saturday, March 6.

Speaking at a news briefing in Abuja today, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year, which is 12 months away.

The timetable issued by the organisation for the polls comes when the federal parliament has yet to transmit the amended electoral bill to President Bola Tinubu for assent.

This week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.

Recall that on February 4, INEC said it was ready to go ahead with preparations for the elections despite the delay in the passage of the amended electoral law of 2022.

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NGIC Pipeline Network to Experience 4-Day Gas Supply Shortage

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NGIC Pipeline Network

By Modupe Gbadeyanka

The pipeline network of the NNPC Gas Infrastructure Company Limited (NGIC) will witness a temporary reduction in gas supply for four days.

This information was revealed by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Andy Odeh, in a statement on Thursday night.

A key supplier of gas into the NGIC pipeline network is Seplat Energy Plc, a joint venture partner of the state-owned oil agency.

It was disclosed that the facility would undergo routine maintenance from Thursday. February 12 to Sunday, February 15, 2026.

The NNPC stated that, “This planned activity forms part of standard industry safety and asset integrity protocols designed to ensure the continued reliability, efficiency, and safe operation of critical gas infrastructure.”

“Periodic maintenance of this nature is essential to sustain optimal system performance, strengthen operational resilience, and minimise the risk of unplanned outages,” it added.

“During the four-day maintenance period, there will be a temporary reduction in gas supply into the NGIC pipeline network. As a result, some power generation companies reliant on this supply may experience reduced gas availability, which could modestly impact electricity generation levels within the timeframe.

“NNPC Ltd and Seplat Energy are working closely to ensure that the maintenance is executed safely and completed as scheduled. In parallel, NNPC Gas Marketing Limited (NGML) is engaging alternative gas suppliers to mitigate anticipated supply gaps and maintain stability across the network,” the statement further said.

“Upon completion of the maintenance exercise, full gas supply into the NGIC system is expected to resume promptly, enabling affected power generation companies to return to normal operations,” it concluded.

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