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Acting SEC DG Advises Women to Break Stereotypes

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SEC International Women's Day

By Modupe Gbadeyanka

Acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has urged women to continue to break stereotypes that impede their progress in the socio-political set up of the country in a bid to make meaningful impact.

Speaking in commemoration of the 2020 International Women’s Day in Abuja, Monday, the capital market guru said, “Women must be ready to challenge stereotypes. We must remove barriers that stand in the way of the progress of women and consciously take giant strides towards the emancipation of women.”

She stated further that, “When we stand together, we can achieve anything and any obstacle can be pulled down. We must support women for emerging opportunities whenever they arise and mentor them. Supporting one another is a duty we owe and must carry out every time for women to move on.”

Ms Uduk enjoined all whether women or men, sisters or brothers to consciously take giant strides towards the emancipation of women in all spheres of life as the rise of a woman is never the fall of men.

According to her, “Those of us who are older women should consciously look down and mentor our sisters, our upcoming sisters, our children so that as they grow up, we are not in competition with each other, it is always our happiness to see that those that we mentor surpass us, they do better than us, just like we like our children to do better than us.”

“Therefore, I charge all of us in this room, to please look down at all times and pull up your younger sisters, your children and bring them up to speed in the way you would like your own children to be.

“If you are not a woman, you have a daughter, or married or a girl child, therefore it is for everyone. It then provides an opportunity for us to reinforce the fact that everyone, both women and men have a role to play in building and sustaining a more gender balanced world,” she noted.

Ms Uduk said International Women’s Day is for celebrating the achievements of women and on calling for gender parity, as historically the role of Nigerian women has differed depending on religious and geo graphic factors.

“Women’s role was primarily understood as mothers, sisters, daughters and wives. These have gradually changed   through the ages with the presence of women in almost every sector in Nigeria.

“Our women can be found in Medicine, Law, Engineering, Architecture, Building, Technology, Accounting, Teaching, International Relations, Aero-nautical Engineering and in Capital Market related professions,” she said.

“Regarding gender bias there is much improvement in how women are perceived and treated in Nigeria these days.

“However, there is still much work to be done, women are still being marginalized in politics, discriminated against sexually harassed in the work place. These days it has become evident that there is no such thing as bottom power.

“What you have are very hard working women that God has raised and they do well and everybody knows that it is not because of any man’s influence but because they do that in their own right as hard working women,” Ms Uduk added.

In her remarks, Leadership and Management Consultant, Dr Karmell Andzenge, said as the world celebrates the woman, the men are also celebrating themselves as without the men the women cannot be and vice versa.

Ms Andzenge said equality is a respecting point where the women respect the men and the men also respect the women and therefore urged men to support women beginning from the homes.

She, however, lamented that women are still not treated equally in some instances adding that some cultural and harmful traditional practices have to be done away with.

The International Women’s Day is celebrated around the world on March 08 and the day is focused on celebrating the social, economic, cultural and political achievements of women and for highlighting challenges that women face in the different phase of life and we all know that, women face a lot of issues in life.

This year’s celebration marks a call to action for celebrating women’s equality.

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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Court to Rule on Malami’s 57-Property Forfeiture Case July 10

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Abubakar Malami Assets Recovery Campaign

By Adedapo Adesanya

A Federal High Court in Abuja has fixed Friday, July 10, to deliver judgment in the suit filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of 57 properties allegedly linked to former Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami.

Justice Joyce Abdulmalik had initially scheduled the judgment for Monday after the parties adopted their final written addresses in May. However, the court postponed the ruling to July 10 without stating the reason for the adjournment.

The EFCC is asking the court to order the permanent forfeiture of the properties to the Federal Government, arguing that they are suspected proceeds of unlawful activities.

Counsel to the commission, Jibrin Okutepa (SAN), maintained that Mr Malami and the other respondents failed to provide sufficient evidence to establish that the properties were lawfully acquired.

Opposing the application, Mr Malami’s counsel, Mr Adedayo Adedeji (SAN), urged the court to dismiss the suit, arguing that the agency’s case was based on suspicion rather than credible and admissible evidence.

He further submitted that the EFCC relied largely on extrajudicial statements and contended that several of the properties in dispute were acquired before Mr Malami assumed office as Attorney-General, making them unrelated to any alleged criminal proceeds.

Counsel representing other individuals and companies named as respondents in the matter also asked the court to reject the EFCC’s application for final forfeiture.

The court is expected to determine the application on July 10, when it delivers judgment on whether the disputed properties should be permanently forfeited to the federal government.

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FG Evacuates More Nigerians in South Africa After Fatal Xenophobic Attacks

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Xenophobic Attacks

By Adedapo Adesanya

The federal government says another batch of Nigerians is expected to leave South Africa on Tuesday amid the renewed wave of xenophobic attacks that has led to the death of two citizens.

Nigeria’s Minister of Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu, disclosed this in a statement posted on her official X handle on Monday morning.

“Another evacuation flight will leave for Johannesburg tomorrow, Tuesday, July 7 (2026), to bring home our citizens,” Mrs Odumegwu-Ojukwu wrote.

The evacuation is the latest in the repatriation exercise by Nigerian authorities as they seek the safety of their citizens in South Africa.

Already, three batches of Nigerians have returned home since the evacuation began last month. The minister said the last flight for the evacuation is “expected to arrive in South Africa on 10th July”.

“Our Nationals are again advised to weigh the risks regarding whether to remain or return,” she said.

The Nigerian foreign ​ministry has said on Sunday that two Nigerians were killed in South Africa, one of them by police and ​threatened to take unspecified action if the attacks persisted.

Mrs Odumegwu-Ojukwu asked Nigerians in South Africa “who consider their lives at risk to take advantage of the FG-sponsored evacuation flights to be transported home”.

“Following the earlier evacuations of our citizens in 3 separate operations, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, President Bola Ahmed Tinubu GCFR, extended the Evacuations beyond the June 30 deadline, with the fourth evacuation flight having arrived in Nigeria on 3rd July 2026,” the diplomat said. “Our citizens are strongly advised to take advantage of this extension and utilise the full capacity of the aircraft.”

The minister condemned the killing of the two Nigerians in South Africa, calling on authorities to “urgently investigate the incidents and bring those responsible to justice”.

“There are no signs that the situation is improving,” she said.

“Nigeria remains concerned about the safety of its citizens in South Africa as a result of the ongoing xenophobic protests and attacks on migrants, and even more so following the deaths of 2 Nigerians, Musa Yunana Joe and Charles Iroegbu, during these unfortunate events,” the minister said.

“For many still sitting on the fence, they should do well to note that properties and investments lost can be replaced, but not lives lost,” she wrote.

“The Federal Government of Nigeria remains committed to the safety and welfare of its citizens abroad and will put all necessary measures in place to protect them.”

Several African countries have repatriated their citizens from South Africa as fringe groups began demanding all illegal migrants leave by June 30, in a campaign that saw violent protests and clashes in which foreign nationals were killed.

The Border Management Authority says that more than 35,000 people have already been repatriated or deported since June 7.

The groups mobilising against illegal immigrants blame them for high unemployment and lack of services, pressing social problems that analysts say are largely due to government failures.

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Alleged N15.6bn Fraud: EFCC Presents Witness Against Tunde Ayeni

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tunde ayeni

By Modupe Gbadeyanka

The first prosecution witness has been presented by the Economic and Financial Crimes Commission (EFCC) before Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, in the trial of the former chairman of the defunct Skye Bank Plc (now Polaris Bank Limited), Mr Tunde Ayeni.

The witnessed from brought before the judge by the anti-money laundering agency on Monday, July 6, 2026.

The prosecution counsel, Mr Abba Muhammed (SAN), presented the witness identified as Mr Remigus Ugwu, a staff member of Zenith Bank Plc.

After the presentation, the matter was adjourned till July 16, 2026, for continuation of the trial.

The EFCC is prosecuting Mr Ayeni on an 18-count amended charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds totalling N15.6 billion.

The defendant was first arraigned on May 4, 2026, on a 17-count charge and was subsequently re-arraigned on June 22, 2026, after the commission filed an amended charge supported by additional proof of evidence.

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