General
EFCC Arrests Suspected Fraudster on FBI List
By Adedapo Adesanya
Following the recent disclosure of freshly alleged fraudsters by the Federal Bureau of Investigation (FBI), the Economic and Financial Crimes Commission (EFCC) has arrested 36-year-old Joseph Oyediran, one of key wanted suspects on the list.
The commission took to its twitter handle to announce the arrest of the suspect, including a mugshot of his arrest, whom they said was the mastermind of a N60 million fraud.
The commission wrote via – @officialEFCC: “One of the internet fraudsters wanted by the FBI, Joseph Oyediran, arrested by EFCC operatives in Ilorin, Kwara State. Head, EFCC Ilorin Zonal Office, Isyaku Sharu, disclosed this at a press conference to give update on EFCC/FBI collaboration against internet fraud,”.
Earlier on Friday, the Zonal Head of the EFCC in Ilorin, Mr Isyaka Sharu during a media parley in Ilorin, said that the commission had been supportive of the Federal Bureau of Investigation (FBI) and other anti graft agencies tackling financial crimes.
“Three weeks ago, the US authority had written to us for assistance in tracking as well as possible arrest and prosecution of two most wanted FBI suspects in Nigeria,” Sharu said.
There had been reports that the FBI in collaboration with the EFCC had indicted almost 80 Nigerians in the United States for alleged involvement in internet fraud and cybercrime, fraudulently taking millions of dollars from his victims.
Sharu said investigation conducted revealed that the suspect arrested in Ilorin had benefited to the tune of N60 million from the loot through Western Union transfers, having collaborated with those arrested in the United States.
He also said that within seven months of operation, the Ilorin Zonal Office had independently arrested no fewer than 50 other suspected internet fraudsters.
The EFCC official added that the zonal office secured the conviction of 25 others and got forfeiture of their exotic cars.
Sharu said that the money seized from the fraudsters running into millions of naira had been forfeited to the Federal Government.
The Zonal Head also said that four properties linked to some of the suspects located in choice areas of Ado Ekiti had been seized.
He said the properties, which included a super market and plaza, have a conservative value of between N800 million and one billion naira.
Sharu urged Nigerians to be united in the fight against corruption , saying only this could encourage foreign investment in the economy.
General
NPA Working to Eliminate Manual Bottlenecks, Synchronise Operations Across Seaports
By Adedapo Adesanya
The managing director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, has said the organisation is in collaboration with the International Maritime Organisation (IMO) to deploy the Port Community System (PCS) will eliminate manual bottlenecks and synchronise operations across Nigeria’s seaports.
Mr Dantsoho disclosed this at a recent three-day high-level stakeholder engagement in Lagos titled Achieving a 7-day Cargo Dwell Time, organised by the Presidential Enabling Business Environment Council (PEBEC) in collaboration with the NPA.
The engagement convened the Ports and Customs Efficiency Committee (PCEC) under the Business Environment Enhancement Programme Accelerator (BEEPA) framework, focusing on streamlining port processes to improve efficiency and ease of doing business.
According to the NPA boss, the PCS will serve as the digital backbone of the National Single Window, enabling seamless information exchange among port stakeholders and reducing delays caused by manual documentation.
On her part, the director-general of PEBEC, Mrs Zahrah Mustapha, said the session was designed to go beyond identifying challenges and focus on implementing long-overdue practical solutions.
“Nigeria loses significantly every day due to operational inefficiencies,” Mrs Mustapha said. “These are not just numbers; they represent missed opportunities, jobs not created, and delayed economic growth. This reform is about resilience and unlocking the nation’s economic potential.”
She added that the initiative brings together government regulators and private-sector stakeholders to promote transparency and accountability, with the ultimate objective of reducing cargo dwell time and improving vessel turnaround time.
Recall that the NPA recorded a 100 per cent success rate in PEBEC reforms, ranking fifth among government agencies in 2025 with an 84.2 per cent compliance rating.
Outcomes from the stakeholder engagement are expected to be implemented in the coming months. By addressing operational gaps identified during port inspections, the NPA and PEBEC aim to build a more competitive maritime environment that attracts investment and facilitates seamless trade.
General
Swedfund Puts $15m into Phatisa for Sustainable Food Systems in Africa
By Modupe Gbadeyanka
The sum of $15 million has been invested in Phatisa Food Fund 3 by Swedfund to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems across Africa.
Swedfund’s investment is part of an $86 million first close, together with development finance institutions BII, Norfund, IFC, and FinDev Canada.
The investment aims to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems.
Phatisa will invest in companies seeking to grow or transition ownership, and building on its long track record in the sector, the investment is expected to support companies that can expand production capacity, enhance efficiency and create more stable employment in local and regional markets.
Africa’s food systems are under increasing pressure from population growth, climate impacts, and fragmented value chains. Enhancing production, processing, and distribution is essential to ensure food becomes more accessible and affordable, while strengthening livelihoods.
“Strengthening food systems is essential for inclusive and resilient growth across African markets. Through this investment, we help channel long-term capital to companies that can expand production, support decent jobs, and improve access to affordable and nutritious food.
“The investment also contributes to deeper value chain integration, supporting more stable and sustainable livelihoods over time,” the Investment Manager for Food Systems at Swedfund, Sebastian Süllmann, stated.
Phatisa Food Fund 3 focuses on established companies across the food value chain in multiple African markets.
General
Protest in Abuja Over Senate’s Decision on e-Transmission of Election Results
By Adedapo Adesanya
Some protesters on Monday took over the streets of Abuja to register their displeasure over the Senate’s decision to reject the real-time transmission of election results.
The demonstrators have promised to Occupy National Assembly despite a heavy security presence at the parliament, with personnel drawn from the Nigeria Police Force, the Nigerian Army, and the Nigeria Security and Civil Defence Corps.
Although the Senate has issued several clarifications over reports that it rejected electronic transmission of results, the protesters insist that lawmakers must be explicit by including the phrase “real-time electronic transmission” in the proposed legislation.
Members of civil society organisations, a handful of opposition African Democratic Congress (ADC) members, and some women’s groups are gathered at the entrance of the National Assembly for the protest.
The Nigeria Labour Congress (NLC) on Sunday joined the call on the Senate to legalise the real-time transmission of election results, warning that the National Assembly’s refusal to make the provision law would lead to workers’ mass action.
Amid these threats, the Senate will hold an emergency plenary session on Tuesday, February 10, 2026.
In a notice sent by the Clerk of the Senate, Mr Emmanuel Odo, the lawmakers were directed to convene at the National Assembly complex on the instruction of Senate President Godswill Akpabio.
“I am directed by His Excellency, the President of the Senate, Distinguished Senator Godswill Obot Akpabio, GCON, to inform all Distinguished Senators of the Federal Republic of Nigeria that an Emergency Sitting of the Senate has been scheduled to hold as follows: Date: Tuesday, 10th February, 2026. Time:12:00 Noon. Venue: Senate Chamber,” the notice read.
Mr Odo urged all senators to attend the emergency sitting.
“All inconveniences this will cause to Distinguished Senators are highly regretted, please,” the memo read.
No reason was stated for the meeting, but the development comes amid debates about the e-transmission of election results after the Electoral Act amendment bill passed the third reading at the Senate. The lawmakers had adjourned plenary after that.
Clause 60 (30) of the Electoral Amendment Bill is connected with the electronic transmission of results. On Wednesday, the Senate retained the provision for the electronic transfer of results as contained in the 2022 Electoral Act.
The Upper Chamber rejected moves for the real-time transmission of results and a 10-year ban on vote-buyers and instead retained the sanctions of jail terms and fines.
Since the development, the Senate has come under fire. However, some of its members have clarified that the bill enjoyed the support of a majority of the senators.
Besides the e-transmission issue, the Senate also blocked the download of electronic voters’ cards from the INEC website, reduced the notice period for elections from 360 to 180 days, and cut the timeline for publishing the list of candidates from 150 to 90 days.
The Senate’s position on the transmission of election results contrasts with that of the House of Representatives. However, both chambers have set up conference committees to harmonise their differences, after which a clean copy will be transmitted to the President for assent.
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