General
Former NNPC GMD Sues EFCC over $9.8m Seizure
By Adedapo Adesanya
A former Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Andrew Yakubu, has sued the Economic and Financial Crimes Commission (EFCC) over an alleged refusal to release his $9.8 million after a court acquitted him of fraud charges last year.
In the case filed before Justice Inyang Ekwo of the Federal High Court Abuja, Mr Yakubu is asking the court to determine whether the EFCC ought to still have in its custody his seized monies after the judgement.
The summon through his counsel, Ahmed Raji, is seeking an order directing the defendants to immediately release the monies to him pending the determination of the EFCC’s appeal.
Mr Yakubu also wants an order directing the defendants to immediately transfer the said monies into an account under the control of the Federal High Court’s chief registrar or into an account to be operated by the chief registrar, the EFCC, and him — pending the determination of the appeal.
However, the EFCC, in a notice of preliminary objection, prayed the court to dismiss Yakubu’s application.
The counsel of the commission, Mr Faruk Abdullah, said the suit was an abuse of the court process, adding that the court lacked the jurisdiction to entertain the matter owing to appeals pending before superior courts.
In an affidavit supporting the motion, the EFCC argued that most of Yakubu’s depositions did not reflect the correct position of the case.
The matter has been adjourned to May 18 for a hearing.
For context, On February 3, 2017, operatives of the EFCC raided the property of the former NNPC GMD in Kaduna and recovered the sum of $9.8 million and £74,000 stashed in a fireproof safe.
He was alleged to have omitted the contested amount from the EFCC asset declaration form given to him to fill in 2015.
He was arraigned before Justice Ahmed Mohammed of the Federal High Court Abuja on March 16, 2017, on a six-count charge bordering on money laundering and false declaration of assets.
However, in March 2022, the judge discharged and acquitted Mr Yakubu of the charges.
General
Nigeria Records Zero Piracy Incident Fourth Straight Year in 2025
By Adedapo Adesanya
The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to accountability, improved performance, and sustained growth in the maritime sector, as the country recorded zero piracy incidents on its territorial waters for the fourth consecutive year.
This came with the signing of its 2026 Sectoral Performance Bond, overseen by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
According to the Director-General of NIMASA, Mr Dayo Mobereola, the Performance Bond is a key governance instrument for tracking deliverables, strengthening institutional accountability, and aligning the Agency’s operations with national priorities.
He stated that NIMASA’s ongoing reforms are driven by purposeful leadership and strategic ministerial support, adding that the Agency remains committed to delivering on its mandate in line with the Renewed Hope Agenda of President Bola Tinubu’s administration.
On maritime security, Mobereola disclosed that Nigeria has recorded zero piracy incidents in its territorial waters over the past four years, attributing the milestone to enhanced surveillance systems and improved inter-agency collaboration.
He further revealed that the Agency is at an advanced stage of automating its ship registry processes, a move expected to improve efficiency, reduce delays, and boost Nigeria’s competitiveness in global maritime business.
Providing an update on the Cabotage Vessel Financing Fund (CVFF), the NIMASA boss said more than 60 applications have been received since the portal was launched in January 2026, assuring that the disbursement process will be transparent and strictly monitored.
Mr Mobereola also noted that Nigeria has deposited three conventions with the International Maritime Organisation (IMO), while three others are awaiting Federal Executive Council approval, underscoring the country’s commitment to international maritime standards.
Speaking further, he noted that Nigeria’s election into category C at the IMO Council in November 2025 restored its voice in global maritime governance and strengthened its leadership role in Africa.
In his remarks, Minister Oyetola reiterated the federal government’s commitment to using the maritime sector to drive economic diversification, job creation, and foreign exchange earnings.
He stressed that the Performance Bonds are binding commitments that will be closely monitored, declaring that “accountability is not optional.”
General
FCCPC to Extend Regulatory Oversight to Electrical, Electronic Products
By Adedapo Adesanya
The Federal Competition and Consumer Protection Commission (FCCPC) says it has expanded its market surveillance and product testing to electrical and electronic products to ensure strict regulatory compliance.
The organisation also said it was extending market surveillance to cables and other building materials due to significant product safety issues regarding collapsed buildings.
According to the Director of the Surveillance and Investigations Department at FCCPC, Mrs Boladale Adeyinka, there are products that did not meet basic safety and quality standards in circulation.
She noted that where business conduct raises concerns about consumer safety, such matters would be investigated.
Mrs Adeyinka said the commission was coordinating with various sector regulators to address weaknesses that permitted unsafe products to enter or remain in the market.
”When a product presents a risk, the law requires prompt collective action, including product withdrawal, product recall, and proper notice to the consumer.
“If you are producing products in Nigeria and you discover there is a safety concern or likely to be a safety concern with respect to products that you have rolled out in the market, you have an obligation to withdraw and recall them.
“You also give notice to consumers who have purchased those products to be able to make the remedial actions, particularly with products that may significantly affect the lives of consumers of those products.”
“These are not optional expectations but legal requirements under our law. They are statutory duties to ensure product safety and consumer welfare in Nigeria.
“Failure to act responsibly by recalling, withdrawing, and issuing consumer notice will attract strict and stiff regulatory response from the commission,” she added.
The official noted that, “Compliance is not a favour to the regulator,” she stated.
Mrs Adeyinka also said FCCPC, headed by Mr Tunji Bello, remained committed to effectively monitoring and enforcing compliance across the market.
General
Kebbi Assembly Speaker Muhammad Usman Zuru Dies in Egypt
By Aduragbemi Omiyale
The Speaker of the Kebbi State House of Assembly, Mr Muhammad Usman Zuru, has died in an Egyptian hospital.
He was said to have breathed his last on Monday night at the North African healthcare facility.
Details surrounding his death last night have yet to be made public, but the Special Adviser to Governor Nasir Idris on Communication and Strategy, Mr Idris Zuru, said, “We are still gathering full details surrounding his passing. The government will make an official statement and announce burial arrangements in consultation with the family.”
“The death of the Speaker, Muhammad Usman Zuru, came to us as a rude shock. It is a painful loss not only to Kebbi State but to the entire nation,” the media aide further stated.
It was gathered that the late Speaker travelled to Egypt to receive treatment for an undisclosed illness.
Before his passing, the lawmaker represented Zuru Constituency in the Kebbi State House of Assembly.
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