General
Alleged $2.33m Fraud: EFCC Arraigns Miyetti Allah’s Bello Bodejo
By Modupe Gbadeyanka
The leader of Miyetti Allah Kautal Hore, Mr Bello Bodejo, has been arraigned before Justice Inyang Edem Ekwo of the Federal High Court in Abuja for an alleged $2.33 million fraud.
Mr Bodejo was brought before the court on Thursday, July 9, 2026, by the Economic and Financial Crimes Commission (EFCC) on a 12-count charge bordering on money laundering.
At Thursday’s proceedings, prosecution counsel, Mr Wahab Shittu (SAN) drew the attention of the court to a 12-count charge application dated June 24, 2026, and filed June 25, 2026, urging the court to allow the defendant to take his plea to which the judge granted his request.
“That you, Bello Abdullahi Bodejo (male, adult), on or about the 11th day of January 2022, at Abuja, within the jurisdiction of this court, did knowingly and wilfully, without lawful authority or excuse, accept a cash payment of the sum of $100,000 in physical currency from one Sa’idu Abubakar, a former Accountant-General of Bauchi State who is currently in the lawful custody of the Nigeria Police Force, which sum exceeded the statutory cash transaction threshold of 5 million prescribed under Section 1(a) of the Money Laundering (Prohibition) Act, 2011 (as amended), without routing the said transaction through a financial institution as required by law, and you thereby committed an offence contrary to Section 16(1)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16(2)(b) of the same Act,” Count one of the charge read.
The Count four stated, “That you, Bello Abdullahi Bodejo (male, adult), on or about the 7th day of February 2024, at Abuja, within the jurisdiction of this court, did knowingly and wilfully, without lawful authority or excuse, accept a cash payment of the sum of $980,000 in physical currency from one Sa’idu Abubakar, a former Accountant-General of Bauchi State, who is currently in the lawful custody of the Nigeria Police Force, which sum exceeded the statutory cash transaction threshold of N5 million prescribed under Section 2(1)(a) of the Money Laundering (Prevention and Prohibition) Act, 2022, without routing the said transaction through a financial institution as required by law, and you thereby committed an offence contrary to Section 19(1)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 19(2)(b) of the same Act.”
After pleading “not guilty” to the charges, the prosecution counsel asked the court for a trial date and for the defendant to be remanded in the custody of the Nigeria Correctional Service, while the defence counsel, Mr Ahmed Raji (SAN), prayed the court to admit his client to bail in respect of his bail application, filed on June, 30, 2026.
The bail application was, however, strongly opposed by prosecution counsel, who drew the attention of the court to his counter-affidavit of 28 paragraphs, dated July 6, 2026.
He pointed out that the defendant is a public risk as the Department of State Security Services (DSS) is on the lookout for him, and that being an influential person, he may manipulate the witnesses and the progress of the case.
Justice Ekwo ordered the remand of the defendant in EFCC’s holding facility and adjourned the matter till July 20, 2026, for ruling on the bail application.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
