General
EFCC Begs World Bank for $42.12m

By Dipo Olowookere
The Economic and Financial Crimes Commission (EFCC) has appealed to the World Bank Group for the sum of $42.12 million to enable it use for the completion of its permanent site in Abuja.
Acting Chairman of the EFCC, Mr Ibrahim Magu, disclosed that the approval of the money would go a long way in enabling the agency achieve more successes.
Mr Magu said at the moment, the EFCC carries out its operations in rented offices scattered around town, exposing the commission to risk of confidentiality and coded surveillance by outsiders.
The EFCC boss, while receiving the Director of Governance Global Practice at the World Bank, Mr Ed Olowo-Okere, in his office in Abuja on Thursday, acknowledged the great assistance the commission had been receiving from the World Bank and other development partners saying, “The assistance has in no small measure contributed to the successes recorded by the EFCC so far.”
“When we started the EFCC, there was no money. We borrowed money from Bureau of Public Enterprise (BPE) for effective take-off of our operations.
“When the international community saw the sincerity in us, how we were able to arrest and put in cell those high profile criminals that nobody dared to touch before, they got convinced by our commitment towards prosecuting the anti-corruption war,” he said further.
Mr Magu noted that, “We got a lot of attention from development partners particularly the World Bank, who gave us a lot of money that was used to construct the EFCC Academy. Britain and America too are also of tremendous support.”
He expressed concern over the delay usually experienced in dispensing corruption cases and the conspiracy (in some cases) between the criminals and judicial workers/law enforcement agents to make violators of law escape justice, citing the case of a former governor of Adamawa State who was set free with the connivance of a prison warder and court registrar after being convicted by court.
Expressing the passion the EFCC has for the war against corruption, Mr Magu said, “EFCC needs training in money laundering as it is still a new concept which most judges and prosecutors still need to better understand”.
The anti-graft czar also informed the delegation of the low budgetary allocation to EFCC expressing his desire to have the construction work on the Commission’s permanent site completed this year for effective performance.
Mr Magu, while commending President Muhammadu Buhari for making corruption fight a cardinal focus of his administration said, “the proposal of $42.12 million made to the World Bank, if gotten will go a long way in the completion of our permanent site as most of our offices are rented and scattered around town, exposing us to risk of confidentiality and coded surveillance by outsiders.”
Other needs listed by the EFCC boss included, ICT infrastructure, upgrading of the forensic laboratory, surveillance tools and operational vehicles.
In his remarks, Mr Olowo-Okere said the global financial institution would provide support to the anti-graft agency in the area of infrastructure and capacity building to further strengthen the anti-graft war in Nigeria.
Acknowledging the tremendous work of the EFCC and the feat it had attained in the last 14 years of its establishment, he said the World Bank would ensure it supports the agency in any area possible to further enhance its operations.
“We are preparing an operation called ‘Economic Governance Project’. It is supposed to be a follow-up project to the one approved by the World Bank in 2004.
“The Ministry of Finance has said that one of the agencies they would like us to work with and support under the project is EFCC. We are here today to start that conversation,” Mr Olowo-Okere said.
General
Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers
By Dipo Olowookere
The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).
The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.
They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.
The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.
This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.
The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.
The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.
General
FG, Honeywell Explore Sustainable Development Opportunities
By Modupe Gbadeyanka
The federal government and the Honeywell Group are strengthening a partnership aimed at achieving sustainable development in Nigeria.
The company on Thursday held a meeting with the Minister of Interior, Mr Olubunmi Tunji-Ojo, in Abuja. Both parties explored ways to promote economic development, reaffirming the importance of public-private sector cooperation in advancing Nigeria’s development agenda and improving service delivery for citizens.
The Senior Adviser to the Honeywell Group, Mrs Oduwaye Nsidi-Sakiri, reaffirmed the organisation’s commitment to supporting national development through constructive engagement and collaboration.
“We commend the remarkable progress that has been made. These achievements are a reflection not only of leadership but also of the dedication and hard work of the entire team within the Ministry,” she said.
She explained that the visit reflected Honeywell Group’s longstanding tradition of maintaining proactive and constructive relationships with government institutions, regulatory agencies, and other key public-sector stakeholders. She further expressed the group’s willingness to explore opportunities for collaboration in support of government initiatives and national development objectives.
Also speaking, Honeywell Group Chief Operating Officer, Mrs Tomi Ayo-Tugbo, commended the Ministry for reforms that are delivering tangible improvements in the lives of Nigerians, reiterating the firm’s commitment to supporting the country’s growth and prosperity.
On his part, Mr Tunji-Ojo praised the company for its longstanding contributions to Nigeria’s economy and acknowledged the critical role of the private sector in driving economic growth, creating jobs, and supporting national development.
He further assured the delegation of the Ministry’s readiness to engage with stakeholders and collaborate with responsible corporate organisations in advancing initiatives that promote economic development, innovation, and improved service delivery.
The Minister emphasised that the reforms being implemented across the Ministry and its agencies are designed not only to improve operational efficiency but also to strengthen national security and enhance public confidence in government institutions.
“Our goal is to build institutions that work efficiently for the people. We are committed to creating systems that are transparent, technology-driven, and capable of delivering services in a manner that reflects the aspirations of a modern Nigeria,” he stated.
“The government cannot achieve sustainable development alone. Strong partnerships between the public and private sectors are essential to building a prosperous nation. We value organisations such as Honeywell Group that have consistently invested in Nigeria and contributed to the country’s growth over several decades,” Mr Tunji-Ojo added.
General
FG Orders MDAs to Secure Funding Before Awarding Contracts
By Adedapo Adesanya
The federal government has directed that no new public contracts should be awarded without first getting the funds, as part of efforts to improve project delivery across the country.
Director-General of the Bureau of Public Procurement (BPP), Mr Adebowale Adedokun, disclosed this on the sidelines of the Inaugural Hosting of The Procurement Evolution in Abuja on Thursday.
Mr Adedokun said President Bola Tinubu had approved measures to raise resources needed to settle outstanding obligations to contractors, describing timely payment as critical to an efficient procurement system.
“Mr President has given a directive on when funds should be raised to address the concerns of contractors who are yet to be paid. With this, procurement processes will be much better because payment is now tied to procurement.
“Meaning that no award will be further issued without resources or funding available. So these are the things that the President has asked us to do.”
The BPP boss said the government was also implementing 23 procurement reforms aimed at improving transparency, efficiency and value for money in public spending.
According to him, committees to drive the reforms will soon be inaugurated by the Secretary to the Government of the Federation (SGF).
He said the reforms were designed to ensure that Nigerians benefit directly through improved infrastructure, healthcare, education and better living conditions.
“The president wants Nigerians to feel the effects of this transformation by having good roads, good hospitals, good educational institutions, and a good living wage for all workers.”
The Secretary to the Government of the Federation (SGF), Mr George Akume, said public procurement remained central to the Tinubu administration’s Renewed Hope Agenda.
Mr Akume noted that ongoing reforms, including proposed amendments to the Public Procurement Act 2007, the Nigeria First Policy, Nigeria e-Marketplace initiative, community-based procurement and affirmative procurement programmes, were intended to strengthen local industries and promote economic inclusion.
The SGF, represented by Mr Abubakar Kana, Permanent Secretary, General Services Office, Office of the SGF, added that the reforms would enhance transparency, simplify procurement processes and leverage technology to improve service delivery and national development.
“As we move forward, our collective responsibility is very clear.
“We must ensure that procurement processes are simplified. without compromising accountability, that technology is fully leveraged to eliminate inefficiencies and that all stakeholders work collaboratively to achieve shared national goals.
“The federal government remains fully committed to supporting the Bureau of Public Procurement in driving these reforms and ensuring that public procurement becomes a catalyst for economic growth, infrastructure development and improved quality of life for all our citizens.”
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
