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Obiano Pleads Not Guilty, Granted Bail in N4bn Fraud Case

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By Adedapo Adesanya

The Economic and Financial Crimes Commission (EFCC) has charged the former Governor of Anambra State, Mr Willie Obiano, with money laundering offences involving an allegation of stealing over N4 billion from the state’s security vote account.

However, he denied the charges contained in nine counts during his arraignment before the trial judge, Justice Inyang Ekwo, of the Federal High Court in Abuja, on Wednesday.

The judge granted him bail, ordering him not to leave the country unless with the express permission of the court throughout his trial and fixed March 4 for the commencement of trial.

Mr Obiano, who was governor from March 2014 to March 2022, allegedly diverted the money from the state’s account dedicated to security funds in his last five years in office.

He was accused of directing the diversion of the total N4,006,573,350 from the state’s account between April 2017 and March 2022, and spent the money for “purposes unrelated/unconnected with the security affairs of Anambra State”.

The funds, according to EFCC, were diverted through companies “that had no business relationship with the Anambra State Government,” converted to Dollars and handed over to the former governor in cash.

The former governor allegedly stole the money over five years by instructing his Chief Protocol Officer/Deputy Chief of Staff, Mr Uzuegbuna Okagbue, to transfer on various occasions various sums of money from the state government’s security vote account with Fidelity Bank into the account of the various companies.

The case, filed through EFCC’s lead prosecuting counsel, Mr Sylvanus Tahir, a Senior Advocate of Nigeria, on January 15, detailed the nine companies allegedly used to divert the funds from the state government’s security vote account.

Each of the nine counts disclosed the amount a company received and the period it received it from the state government’s account.

The EFCC alleged in Count 1 that, from February 16, 2018, to March 9, 2018, an aggregate sum of N223,371,000 was paid from the security vote account into the account of Connought International Services Limited.

Count 2 alleged that from October 30, 2018, to November 13, 2018, a total sum of N95 million was paid from the security vote account into the bank account of S.Y. Panda Enterprises.

In Count 3, EFCC alleged from April 11, 2017, to June 21, 2019, a total of N416,000,000 was diverted from the security vote account into the account of Zirga Zirga Trading Company Limited.

In Count 4, the anti-corruption agency alleged that from February 13, 2018, to March 2, 2022, a total of N1,206,760,310 was paid into the account of Moment of Peace Ventures.

The commission similarly alleged in Count 5 that from April 5, 2018, to May 28, 2019, an aggregate sum of N860,716,200 was paid into the account of Youdooh Ventures.

Also in Count 6, EFCC alleged that from January 28, 2020, to January 15, 2021, a total sum of N659,112,900 was paid to Nazdal Ventures.

The commission alleged in Count 7 that from February 7 2018 to February 18, 2019, C.I Patty Ventures Nigeria Limited received a total sum of N156,800,000.

In Count 8, the anti-graft agency alleged that from August 9, 2017, to March 4, 2020, Easy Diamond Integrated Link received a total of N261,268,585 from the state’s security vote account.

In Count 9, the agency alleged that from October 16, 2017, to January 3, 2018, a total sum of N127,544,355 was paid from the security vote account of Anambara State Government into the account of Xpress Consult Nig. Limited.

EFCC alleged that the funds, much of which were converted to dollars and handed over to Mr Obiano in cash “were dissipated for purposes unrelated/unconnected with the security affairs of Anambra State.”

The counts detailed how the money was paid in tranches over time from the Anambra State Government Security Vote Account domiciled at Fidelity Bank into the accounts of nine companies allegedly used for the diversion.

Much of the funds they paid into the bank accounts of the companies were converted into dollars and handed over to the former governor.

It was reported that hours after Mr Obiano handed over as Anambra State Governor on 17 March 2022, EFCC had arrested him at the Murtala Muhammad International Airport, Lagos, as he was preparing to board a flight to Houston, the United States.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Bill Seeking Creation of Unified Emergency Number Passes Second Reading

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By Adedapo Adesanya

Nigeria’s crisis-response bill seeking to establish a single, toll-free, three-digit emergency number for nationwide use passed for second reading in the Senate this week.

Sponsored by Mr Abdulaziz Musa Yar’adua, the proposed legislation aims to replace the country’s chaotic patchwork of emergency lines with a unified code—112—that citizens can dial for police, fire, medical, rescue and other life-threatening situations.

Lawmakers said the reform is urgently needed to address delays, miscommunication and avoidable deaths linked to Nigeria’s fragmented response system amid rising insecurity.

Leading debate, Mr Yar’adua said Nigeria has outgrown the “operational disorder” caused by multiple emergency numbers in Lagos, Abuja, Ogun and other states for ambulance services, police intervention, fire incidents, domestic violence, child abuse and other crises.

He said, “This bill seeks to provide for a nationwide toll-free emergency number that will aid the implementation of a national system of reporting emergencies.

“The presence of multiple emergency numbers in Nigeria has been identified as an impediment to getting accelerated emergency response.”

Mr Yar’adua noted that the reform would bring Nigeria in line with global best practices, citing the United States, United Kingdom and India, countries where a single emergency line has improved coordination, enhanced location tracking and strengthened first responders’ efficiency.

With an estimated 90 per cent of Nigerians owning mobile phones, he said the unified number would significantly widen public access to emergency services.

Under the bill, all calls and text messages would be routed to the nearest public safety answering point or control room.

He urged the Senate to fast-track the bill’s passage, stressing the need for close collaboration with the Nigerian Communications Commission (NCC), relevant agencies and telecom operators to ensure nationwide coverage.

Senator Ali Ndume described the reform as “timely and very, very important,” warning that the absence of a reliable reporting channel has worsened Nigeria’s security vulnerabilities.

“One of the challenges we are having during this heightened insecurity is lack of proper or effective communication with the affected agencies,” Ndume said.

“If we do this, we are enhancing and contributing to solving the security challenges and other related criminalities we are facing,” he added.

Also speaking in support, Senator Mohammed Tahir Monguno said a centralised emergency number would remove barriers to citizen reporting and strengthen public involvement in security management.

He said, “Our security community is always calling on the general public to report what they see.

“There is a need for government to create an avenue where the public can report what they see without any hindrance. The bill would give strength and muscular expression to national calls for vigilance.”

The bill was referred to the Senate Committee on Communications for further legislative work and is expected to be returned for final consideration within four weeks.

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Tinubu Swears-in Ex-CDS Christopher Musa as Defence Minister

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By Modupe Gbadeyanka

The former chief of defence staff (CDS), Mr Christopher Musa, has been sworn-in as the new Minister of Defence.

The retired General of the Nigerian Army took the oath of office for his new position on Thursday in Abuja.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, confirmed this development in a post shared on X, formerly Twitter, today.

“General Christopher Musa takes oath of office as Nigeria’s new defence minister,” he wrote on the social media platform this afternoon.

Earlier, President Bola Tinubu thanked the Senate for confirming Mr Musa when he was screened for the post on Wednesday.

“Two days ago, I transmitted the name of General Christopher G. Musa, our immediate past Chief of Defence Staff and a fine gentleman, to the Nigerian Senate for confirmation as the Federal Minister of Defence.

“I want to commend the Nigerian Senate for its expedited confirmation of General Musa yesterday. His appointment comes at a critical juncture in our lives as a Nation,” he also posted on his personal page X on Thursday.

The former military officer is taking over from Mr Badaru Abubakar, who resigned on Sunday on health grounds.

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Presidential Directives Helping to Remove Energy Bottlenecks—Verheijen

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By Adedapo Adesanya

The Special Adviser to President Bola Tinubu on Energy, Mrs Olu Verheijen, says Presidential Directives 41 and 42 have emerged as the most transformative policy tools reshaping Nigeria’s oil and gas investment landscape in more than a decade, by helping eliminate bottlenecks.

Mrs Verheijen made this assertion while speaking at the Practical Nigerian Content Forum 2025, noting that the directives issued by her principal in May 2025, are specifically designed to eliminate rent-seeking, slash project timelines, reduce contracting costs, and restore investor confidence in the Nigerian upstream sector.

“These directives are not just policy documents; they are enforceable commitments to make Nigeria competitive again,” she declared.

She noted that before the directives were issued, Nigeria faced chronic delays in contracting cycles, which discouraged capital inflows and stalled major upstream projects.

“For years, investment stagnated because our processes were too slow and too expensive. Presidential Directives 41 and 42 are removing those bottlenecks once and for all,” she said.

According to her, the directives have already begun to shift investor sentiment, unlocking billions of dollars in new commitments from international oil companies.

“We are seeing unprecedented investment inflows. Shell, Chevron and others are returning with confidence because they can now see credible timelines and competitive project economics,” Verheijen said.

Speaking on the link between streamlined contracting and local content development, she stressed that the directives were crafted to reinforce, not weaken, Nigerian participation.

“Local content is not an obstacle; it is a catalyst. It helps us meet national objectives, contain costs, and deliver projects faster when applied correctly,” she explained.

Mrs Verheijen highlighted that the directives complement the government’s data-driven approach to refining local content requirements while ensuring Nigerian talent and enterprises remain central to new investments.

“Our goal is to empower Nigerian companies with opportunities that are commercially sound and globally competitive,” she said.

She pointed to the current spike in industry activity, over 60 active drilling rigs, as evidence that the directives are driving real operational change.

“We have moved from rhetoric to results. These directives have triggered a new cycle of upstream development,” she said.

The energy expert added that the reforms are critical to achieving Nigeria’s production ambition of 3 million barrels of oil and 10 billion standard cubic feet (bscf) of gas per day by 2030.

“To meet these targets, we need speed, efficiency, and collaboration across the value chain. The directives are the foundation for that,” she noted.

She also linked the directives to Nigeria’s broader regional ambitions, including its leadership role in the African Energy Bank.

“With a $100 million facility now launched, we are ensuring that investment translates into jobs, technology transfer, and long-term value for Nigeria,” she said.

Mrs Verheijen concluded by urging the industry to uphold the spirit and letter of the presidential instructions.

“These directives are a collective responsibility. Government, operators, financiers, and host communities must work together to deliver the Nigeria we envision,” she said. “We remain committed to ensuring Nigeria remains Africa’s premier investment destination,” she said.

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