General
APC Barks at Sowore for Comments on International Flights Resumption

By Modupe Gbadeyanka
The publisher of Sahara Reporters, Mr Omoyele Sowore, has been lambasted by the APC Mandate Defenders for claiming that the ban on international flights was lifted by the federal government because the children of the elites needed to return back to schools in abroad.
In a statement issued on Tuesday by its National Publicity Secretary, Mr Ifeanyi Emeka, the group said Mr Sowore’s claim was far from the truth.
The APC Mandate Defenders accused the media practitioner as a “known blackmailer, fake news manufacturer and mischief maker who want to use lies, disinformation and empty propaganda to hoodwink unsuspecting Nigerians in to supporting his unpopular anti-government movement.”
According to the organisation, the Presidential Task Force (PTF) on COVID-19 has been using science and data for its decisions since the ease of lockdown began, saying the task force “would never pander to the whims and caprices of anyone, including Mr Sowore.”
“We saw it in the lifting of the ban on inter-state movements, the re-opening of worship centres and domestic flights among others.
“We, therefore, wonder why Sowore would attempt to give negative interpretation to the action of the APC-led federal government when the same government had stated that it would yield to the call by the National Association of Nigerian Students for re-opening of tertiary institutions in the country,” the statement said.
The group further alleged that Mr Sowore had made no pretence in his “vain attempts” to use the task force as a “launch pad for disinformation,” saying it will continue to resist his “nefarious activities.”
“In similar vein, we are aware of the fake news report Mr Sowore used his news medium, Sahara Reporters, to manufacture and peddle during the weekend, accusing immigration officials of collecting bribes from foreign returnees for negative COVID-19 results at the airports.
“Again, we wish to dispel the report because samples are only collected at designated centres and not at the airports where only passports of returnees are collected and not to even talk of issuing test results,” it said.
The group, therefore, advised Nigerians to ignore Mr Sowore, describing him as the “real enemy of the masses because of his mischievous activities and that of his disinformation machinery known as Sahara Reporters.”
General
Court Jails Man for N35m BDC Licence Fraud

By Modupe Gbadeyanka
One Mr Daniel Ameh living in Abuja has convicted and sentenced to two years imprisonment for duping one Mr Inalegu Egwa of the sum of N35 million.
While delivering judgement on Monday, May 5, 2025, Justice S. M. Mayana of the Federal Capital Territory (FCT) High Court in Apo, Abuja, however, gave the convict an option of N1 million fine.
Mr Ameh found himself before the judge after the Economic and Financial Crimes Commission (EFCC) arraigned him on a one-count charge bordering on criminal misappropriation.
The commission said the offence was contrary to Section 309 of the Penal Code and punishable under the same section and to which he pleaded “not guilty.”
During the trial, the prosecution counsel, Mr Ibrahim Buba, presented three witnesses and tendered relevant documents, which convinced the judge, who passed the judgement.
Mr Ameh was directed by Justice Mayana to pay the sum of N22 million, in restitution to his victim.
Investigation revealed that in 2021, Mr Ameh advised Mr Egwa to register a Bureaux de Change (BDC) company, which the victim agreed and engaged the convict to do the registration for him in the Corporate Affairs Commission (CAC) and to apply for the relevant licence from the Central Bank of Nigeria (CBN).
Mr Egwa paid the sum of N36 million through the convict’s bank account for remittance to the CBN, but in 2022, the apex bank announced the cancellation of BDC registrations and directed all affected applicants to forward their account details for refund of payments they made.
Rather than inform Mr Egwa of the new development for the channelling of the refund accordingly, Mr Ameh kept his victim in the dark, received the money in his personal account and converted it to his use.
General
UNEP FI’s Regional Roundtable Focuses on Sustainable Finance, Economic Transition

As part of its continued commitment to sustainability, Access Holdings PLC will be amongst the leading participants in the United Nations Environment Programme Finance Initiative (UNEP FI) Regional Roundtable on Sustainable Finance for Africa and the Middle East.
Taking place from May 6-7, 2025, in Marrakech, Morocco, the event will bring together regulators, policymakers, and key stakeholders from the financial sector to discuss and shape critical sustainability issues, including climate mitigation and adaptation, nature-positive finance, just transition and financial inclusion, carbon finance, among others.
The Chief Brand and Communications Officer of Access Holdings; Amaechi Okobi; the Group Head of Credit Administration, Governance andProject Monitoring, Edmund Otaigbe; and Group Head of Products and Segments, Njideka Esomeju, will be contributing insights from their extensive experience in driving sustainability within the financial sector.
Among the discussions will be sessions dedicated to accelerating the transition of real economy sectors towards sustainability, addressing climate risks, and ensuring financial inclusion.
One of the focal points will be how financial institutions can support climate adaptation and resilience, particularly in vulnerable sectors across Africa and the Middle East. The event will further tackle the challenge of unlocking private finance for the Sustainable Development Goals (SDGs), exploring innovative ways to align capital flows with regional sustainability needs.
Other high-level dialogues will explore regional collaboration to support sustainability goals, advancing action on climate adaptation, and the regulatory developments promoting sustainable finance across the region.
Panels will focus on topics such as financing and insuring MSMEs for climate resilience and fostering an inclusive transition by ensuring that vulnerable communities and underserved populations are not left behind in the push for green growth.
Prominent speakers at the event include Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Agenda; Louise Gardiner, Senior Operations Officer at the International Finance Corporation (IFC); Lily Burge, Policy Manager, Climate Bonds Initiative; Samuel Tiriongo, Director of Research and Policy, Kenya Bankers Association; Walid Ali, General Manager, Sustainability Department, Central Bank of Egypt; Yasser Mounsif, Director of Issuers, Moroccan Capital Market Authority, alongside other leaders in sustainable finance.
The UNEP FI Regional Roundtable promises to be a critical platform for deepening collaboration among stakeholders across Africa and the Middle East, with the shared goal of creating a resilient, sustainable future for the region.
General
EFCC Grants VeryDarkMan Administrative Bail

By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) says it has granted popular social media activist, Mr Martins Innocent Otse, otherwise known as VeryDarkMan (VDM) an administrative bail.
VDM was apprehended in the premises of GTBank in Abuja last weekend after he was at the bank to question why the account of his mother was debited for a loan she did not apply for.
It was reported that VeryDarkMan was blindfolded and beaten by security operatives who came for him.
Since his arrest, there have been claims that some powerful persons instigated the EFCC to pick him up because of his criticisms online.
In a statement on Tuesday, the anti-money laundering agency said it apprehended VDM over “grave allegations of financial malfeasance.”
The agency said it received petitions against the suspect, adding that it obtained an order to keep him beyond the 24 hours stipulated by the Constitution.
However, the EFCC said it have granted him an administrative bail, with VDM still making efforts to meet for his eventual release.
“The EFCC has a lawful right to hold Otse in custody like any other suspect being investigated by the Commission. The appropriate Remand Order was obtained in this regard. He has been offered an administrative bail and would be released after fulfilling all the bail conditions.
“The commission appreciates the interest of Nigerians in its operations. The passion, enthusiasm and torrential reactions to all of its activities are welcome.
“However, insinuations about its motive in carrying out its assignment should no longer continue. The EFCC should be allowed to do its job without fear or favour. As soon as investigations are concluded, charges will be filed,” the statement said.
The commission said it acted the way it did because the suspect “refused to show up in spite of several invitations sent to him through his known addresses and medium of communication.”
It was stated that the petitions pertain to grave allegations of financial malfeasance which cannot be ignored by the commission” because it has the mandate of “tackling economic and financial crimes.”
Since his arrest a few days ago, there have been calls, including from outside the country, for his release
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