General
N26bn PHCN Severance Benefit Puts Insurance Broker in Trouble
By Aduragbemi Omiyale
An insurance broker, Mr Abiodun Waheed Hassan, has been arraigned before Justice S.C Oriji of the Federal Capital Territory High Court, Apo, Abuja for an alleged diversion of N26 billion.
Mr Hassan, who is a director at Bestworth Insurance Brokers Limited, was accused of using the funds earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of defunct Power Holding Company of Nigeria (PHCN).
The Economic and Financial Crimes Commission (EFCC), which arraigned the suspect on Thursday, February 25, 2021, said the offence was punishable under Section 315 of the Panel Code Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004.
One of the five-count charges against the insurance broker indicated that, “That you, Abiodun Waheed Hassan, Director, Bestworth Insurance Brokers Limited and Bestworth Insurance Brokers Limited on or about January 15, 2015, in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, while being entrusted with certain property to wit: the sum of N26.2 billion paid into Bestworth Insurance Brokers Limited’s Skye Bank Account No. 1771645118 from PHCN Staff Severance Benefits account with the Central Bank of Nigeria, being funds earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of PHCN, did commit criminal breach of trust in respect of the said property by dishonestly misappropriating the sum of N2.5 billion thereof when you transferred the said sum into Kakatar CE Limited’s Zenith Bank Account No.1012637660 and you thereby committed an offence punishable under Section 315 of the Panel Code Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004.”
Another count said, “That you, Abiodun Waheed Hassan, Director, Bestworth Insurance Brokers Limited and Bestworth Insurance Brokers Limited on or about December 18, 2014, in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, while being entrusted with certain property to wit: the sum of N26.2 billion paid into Bestworth Insurance Brokers Limited’s Skye Bank Account No. 1771645118 from PHCN Staff Severance Benefits account with the Central Bank of Nigeria, being funds earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of PHCN, did commit criminal breach of trust in respect of the said property by dishonestly misappropriating the sum of N6.0 billion thereof when you transferred the said sum into PJO Venture Limited’s Skye Bank Account No.1771645235 and you thereby committed an offence punishable under Section 315 of the Panel Code Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004.”
However, the defendant pleaded ‘not guilty’, when the charges were read to him. Based on his plea, prosecution counsel, Benjamin Lawan Menji, ask for a trial date and prayed the court to remand the defendant at the Correctional Service pending the trail.
Counsel for the defendant, Ade Olusalako, told the court that the defence had filed a motion for bail of his client and pleaded for the remand of the defendant in the custody of the EFCC pending the determination of his bail application on the grounds that “the defendant has been on administrative bail for almost five years and he has an underlining sickness”.
But the prosecution counsel objected to the application.
“As he rightly submitted, we received the application but we shall vehemently be opposing the application; we said vehemently so that the court will know that we have a strong opposition.
“Moreover, our facility is overstretched because of the issue of the COVID-19 pandemic, the little we have we are trying to manage them. The proper place of detention or custody is the Correctional Service which the government has done its best in providing,” Menji told the court.
However, Justice Oriji adjourned the matter till March 4, 2021, for a hearing on the bail application and remanded the defendant in EFCC custody.
General
Nigeria, Turkey to Fix Bilateral Relations for Better Visa Facilitation
By Adedapo Adesanya
The governments of Nigeria and Turkey have agreed to collaborate on enhancing bilateral relations, with a focus on visa facilitation, business mobility, and consular matters.
The agreement followed a meeting in Abuja between the Minister of Interior, Mr Olubunmi Tunji-Ojo, and the Turkish Ambassador to Nigeria, Mr Mehmet Poroy, during a courtesy visit.
Mr Tunji-Ojo highlighted the strong historical and cultural ties between the two countries and Nigeria’s commitment to a “smart, structured, and practical approach to international cooperation” that promotes people-to-people contact and legitimate business engagement.
“These ties provide a solid foundation for deeper collaboration,” he said.
Ambassador Poroy provided updates on improved visa facilitation for Nigerian businessmen traveling to Turkey, noting that “under the new arrangement, applications are processed locally, allowing verified businesspersons to benefit from faster processing timelines of about three to four days.”
He also raised concerns about Turkish businesspeople facing challenges when visiting Nigeria for trade fairs and investments, citing conflicting information about Nigerian visa arrangements. “We request written clarification to guide applicants accurately,” Poroy said.
A key proposal during the meeting was the inclusion of Turkey in Nigeria’s electronic visa (e-visa) system.
“The absence of a Nigerian visa office in Istanbul creates logistical challenges,” the Ambassador explained, adding that, “Including Turkey in the e-visa regime would significantly enhance business mobility for Turkish nationals.”
In response, Mr Tunji-Ojo assured that “denying visas to genuine Nigerian or Turkish businesspeople is not in the interest of either country.”
He emphasized the Ministry’s commitment to “transparency, dialogue, and continuous improvement in visa administration,” stressing Nigeria’s openness to legitimate investors and international business partners.
The discussion also addressed recognition of Nigerian marriage certificates by foreign missions. The Minister clarified that “all marriage certificates issued under Nigerian law are constitutionally valid and should not require additional verification.”
The Turkish Ambassador acknowledged the concern and committed to reviewing embassy procedures, as both parties agreed on the importance of continued engagement to strengthen bilateral cooperation.
General
US Delivers Military Supplies to Help Nigeria in Terrorism Fight
By Adedapo Adesanya
The United States has delivered military supplies to Nigerian security agencies to bolster operations in several parts of the country.
This was disclosed in a post via X on Tuesday by the United States Africa Command (AFRICOM).
“The US forces delivered critical military supplies to our Nigerian partners in Abuja. This delivery supports Nigeria’s ongoing operations and emphasizes our shared security partnership,” the post read.
The development shows cooperation between both nations after US President Donald Trump previously threatened to invade the country over the killing of Christians.
Last November, the federal government dispatched a delegation to Washington, the US capital, aimed at strengthening security partnerships between the two countries and opening new avenues for cooperation.
Leading the delegation then was the National Security Adviser, Mr Nuhu Ribadu, who met with senior officials across the US Congress, the White House Faith Office, the State Department, the National Security Council, and the Department of War.
During the meeting, the Nigerian delegation refuted allegations of genocide in Nigeria, emphasising that violent attacks affect families and communities across religious and ethnic lines.
It also rejected the wrongful framing of the situation, saying such a portrayal would only divide Nigerians and distort the realities on the ground.
According to the presidency at the time, both countries agreed to implement a non-binding cooperation framework and to establish a Joint Working Group to ensure a unified and coordinated approach to the agreed areas of cooperation.
The Nigerian delegation also reaffirmed the government’s commitment to strengthening civilian protection measures.
On Christmas Day 2025, the US has launched strikes against militants linked to the Islamic State group (IS) in north-western Nigeria, where militants have sought to establish a foothold.
According to the Nigerian government, the operation was a joint operation and had nothing to do with a particular religion, adding that the strikes had been planned for quite some time using intelligence provided by the country.
The Nigerian government has long been fighting an array of jihadist groups, including Boko Haram and IS-linked factions, but largely in the North-East. However, some new groups are gaining footholds and the new supplies could help the Nigerian military continue its fight against terrorism.
General
Waterway Accidents: FG Urges States to Ban Wooden Boats, Night Travel
By Modupe Gbadeyanka
State governments have been advised to ban the use of wooden boats for commercial water transportation to reduce waterway accidents.
This call was made by the federal government through the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
The Minister argued that wooden boats are unstable and are highly prone to capsizing because they deteriorate quickly, unlike fibre and aluminium vessels which are more durable and safer.
His call followed incessant boat accidents in some parts of the country.
He charged the sub-nationals to adopt safer fibre-reinforced plastic and aluminium vessels to tackle the recurring and avoidable waterway accidents.
Mr Oyetola urged strict adherence to water safety regulations, warning against night travel, overloading, and the use of rickety vessels, while stressing the importance of wearing life jackets.
He disclosed that 35,000 life jackets were distributed to riverine states in 2025 and called for stronger collaboration with state governments to improve safety, noting that water transport remains critical to Nigeria’s blue economy.
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