General
Tinubu Lauds EFCC’s N500bn Asset Recovery, 7,000 Convictions
By Adedapo Adesanya
President Bola Tinubu has lauded the achievements of the Economic and Financial Crimes Commission (EFCC) under the leadership of Mr Ola Olukoyede for achieving new heights in asset recovery and convictions.
Speaking at the 7th EFCC-NJI Capacity Building Workshop for Justices and Judges, on Monday, October 20, 2025, at the National Judicial Institute, Abuja, the President, who was represented by Vice President Kashim Shettima, stated that, “As an administration we have prioritized public accountability by strengthening the anti-corruption agencies and accorded them the needed independence to execute their statutory mandates. This enabling environment is evident in the impact that has been made in the last two years.
“The EFCC, for example, has recorded over 7,000 convictions in the first two years of the present administration and recovered assets in excess of Five Hundred Billion Naira. Recovered proceeds of crime by the agency have been ploughed back into the economy to fund critical social investment programmes, including the Students Loan and Consumer Credit schemes.”
Mr Tinubu at the event themed Enhancing Justice in the Fight against Economic and Financial Crimes called on judges and justices to give their utmost in the fight against corruption, noting that the judiciary was critical to a successful anti-crime fight.
He noted that corruption can be rooted out in the country if citizens choose to do what is right and those who deviate are punished accordingly.
“We have an opportunity to consolidate the efforts of the last two years to deliver an optimal anti-corruption framework that will support our peaceful growth and development.
“A Nigeria free of corruption is possible, if we all commit to doing what is right in our respective spheres of influence and ensuring that those who deviate from the norm are not allowed to go scot-free. A robust judicial system is central to the success of anti corruption efforts and I count on our judges.
“We have allowed both the judiciary and the anti-graft agencies to exercise their constitutional and statutory powers to dispense justice and restore sanity.
“The evidence is before your eyes. We cannot claim to have excelled in our pursuit of a transparent system if we do not live by such examples. Courts and judges are strong pillars of the anti-corruption process.
“Except the society has full confidence that those who pillage our resources will be subjected to the rule of law and brought to justice through a fair and transparent process of adjudication, the sneers over our collective commitment to fighting corruption will only get louder.
“This point should resonate with your lordships. Your vantage position on the bench does not insulate you from the consequences of corruption.
“There are no special roads, hospitals or communities for judges. We all shop in the same markets and face the same risk of insecurity which is a culmination of decades of willful theft and wastage of the nation’s resources by corrupt public officials.
“I believe that it is in the interest of all Nigerians, members of the executive, the legislature and the judiciary to join hands in this important task of fighting and winning the war against corruption in Nigeria,” he said.
On his part, Mr Olukoyede in his opening remarks, noted that though he had always been conscious of the enormous role of the judiciary in enforcing the rule of law and accountability in the course of his work in fraud management and regulatory compliance, the last two years of superintending the affairs of the EFCC have further brought the importance of the judiciary as the cornerstone in the fight against corruption into sharper focus.
He regretted the long-winding courtroom procedures that encumber the Commission’s progress in high profile corruption cases.
“The milestones we have recorded in the past two years are almost overshadowed by public concern over the progress of high profile cases in court.
“The seeming convoluted trajectory of many cases involving politically exposed persons evoke gasps of exasperation, incredulity and sometimes disdain by the people. Without mentioning specific cases and courts, there are cases filed by the Commission 15 or 20 years ago that appear in limbo, moving in circles.
“We appeared to have grown accustomed to a predictable pattern in high profile prosecutions: When investigations are concluded, getting PEPS to appear in court to answer to charges is a herculean task itself.
“When that hurdle is overcome, and the charge is read, other antics unfurl. It is either the charges are not properly served, or the defendant who hitherto was fit as fiddle suddenly comes down with some of the most chronic ailments under the sun. A medical report is brandished and technical adjournment procured.
“At other times, defendants recant on the statements they voluntarily made. A trial-within-trial is ordered. If that fails, a no case submission is the ultimate card of rigmarole, and the trial is on a roller coaster, that may stretch until God knows when! The power of the Commission to file a charge is challenged or the neutrality of the trial judge queried.
All of these amount to weaponization of procedures.
“Prioritization of procedural technicalities at the expense of justice undermines public confidence in the fight against corruption and financial crimes.
“This calls for greater circumspection by Your Lordships in making pronouncements and decisions with dramatic implication for the fight against corruption. When cases drag in court, many things happen. Witness fatigue sets in, memories fade and those who had testified may struggle to recall their earlier testimonies. In extreme circumstances, the witness or the prosecutor may have died, or moved on and no longer available to testify. The defendants too grow old and frail, eliciting compassion that was not there in the beginning.
“The longer cases last in court, the more the chance that they slip off popular consciousness, and the image of the court as the temple of justice is eroded. The only victor in the circumstance is corruption.
“My lords, while the Nigerian Judiciary is blessed with competent and courageous judges and justices, the actions and decisions by a few are sources of worry to agencies such as the EFCC,” he said.
Speaking further, the EFCC boss stated that . “For instance, the Commission is disturbed by the trend in which some judges of state high courts issue orders to apprehend the powers of the Commission to investigate money laundering cases, even though it is clearly established that those matters are outside their purview.
“More worrisome is the fact that most of those decisions are made ex-parte. Even where the Commission appeals, there are no restraints in making contempt decisions against it.
“In addition, contradictory decisions by courts of coordinate jurisdiction in high profile corruption cases encumbers the work of the Commission. There is also the case when senior lawyers are allowed to stall the arraignment of corruption suspects through frivolous applications.
“These antics leave the society with suspicion that the courts and the prosecution are not keen about justice. This feeds into the theme of the workshop: Enhancing Justice in the Fight Against Economic and Financial Crimes.
“It is a clarion call to interrogate the absurdities obstructing the flow of the wheel of justice, especially in cases of corruption and other forms of economic crime.”
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Wholesale marketplaces were created so that business owners could find profitable offers and make deals on B2B platforms worldwide. In addition to buyers and sellers, there are traders, distributors, logisticians, and other professionals on such platforms. Let’s take a closer look at these professions. Traders purchase goods in order to resell them at a higher price; speculation is allowed on B2B marketplaces and is a legal instrument. Distributors are the official representatives of the manufacturer, meaning you can purchase original products at the lowest price. Most often, goods are purchased in China and then transported by sea to European countries or North America. We suggest you try the Globy Platform, where the most reputable Asian distributors are registered. Logisticians can also register on Globy. They provide services for the transportation of goods by sea. The following are the advantages of Globy, which are mentioned most often:
- quick registration on the portal;
- website with simple navigation and management;
- excellent choice of reliable suppliers;
- most relevant products in the catalog;
- free registration;
- no commission.
Some B2B platforms process payments, but Globy allows participants to make money payments outside the platform using one of the secure methods. In addition, Globy does not charge a commission when concluding a purchase deal. To start working on the platform, you need to register in accelerated mode or fill out a form with your company’s details. You can be sure that your banking details, personal, and contact information are protected. Third parties can only see the information that you leave open. When registering, do not forget to enter your company’s contact information (messenger, phone, email) so that new partners can contact you. You can pay attention to the fact that the Globy catalog contains items without specifying a price, but the product profile contains the vendor’s contacts. You can contact the seller to discuss the deal details, determining the price of the product.
Logistics Tool on Globy
There is often a situation when the supplier does not provide transportation services and the buyer has to search for a carrier on their own. In fact, this problem is solved simply. Globy has a special tool that helps you quickly find a charterer. You would open the freight calculator and fill in all the fields in the suggested form. You would specify the sending and destination port, and don’t forget to specify the dates and choose the container size. If you want to place containers in an optimal way, then use the load calculator, which is also available for free on the official website. You can use these tools only after registration. You can log in quickly if you have a Google account or a LinkedIn profile. After entering the data, the freight calculator will process your request and provide a list of prices. You can select a suitable line and contact the charterer to discuss the details of the contract. It is recommended to choose a sea delivery with a minimum number of intermediate stops, in which case the cargo will arrive at the destination port faster.
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Buyers should remember that you can check the cargo when it arrives at the port. If the rules of transportation were violated, there was a long delay, or the goods were damaged, you can refuse the cargo, explaining the reason. You can discuss a price reduction with the supplier if the product has lost its proper appearance or the packaging is damaged. You can evaluate the cargo yourself or with the help of third-party experts. It is best to carefully check the documentation when receiving the goods at the port. All documents must be executed in accordance with international law. You can register on Globy today, find the goods you need, and use the logistics tools for free. More than fifty-five thousand users have already been registered on the platform, which indicates the high authority of Globy. If you have any questions, you can ask them in the Help Center on Globy website.
By Adedapo Adesanya
Shipping giant, Mediterranean Shipping Company (MSC), has signed a 45-year concession agreement with Nigerian maritime company, Nigerdock, to develop, operate and maintain a new container terminal at Snake Island Port in Lagos.
A statement by MSC on Thursday noted that the new container terminal would be completed by 2028 with a 910-meter quay, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and up to 18 meters of draft.
The dedicated MSC terminal would be part of the company’s announced $1 billion investment in infrastructure and logistics in Nigeria.
“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port.
“This gives the world’s leading shipping line a home in Nigeria and brings significant foreign direct investment into the country to accelerate growth in the maritime and logistics industry,” it said.
Global shipping companies are pushing to secure long-term footholds in emerging markets as supply chains are reconfigured worldwide.
MSC said the terminal, to be built by ITB Nigeria and DEME Group, is expected to be ready by 2028.
It will occupy 30 hectares (74 acres) and feature a 910-metre (3,000 ft) quay capable of handling ship‑to‑shore cranes and mobile harbour cranes, serving both deep-sea vessels and barges.
MSC President, Mr Diego Aponte, said: “Completing this key phase in the development of Snake Island Container Terminal with Nigerdock and our trusted partners demonstrates MSC Group’s commitment to providing excellent service to our customers in Nigeria and throughout Africa.
“The new terminal will open up opportunities, enhance efficiency, and elevate Snake Island Port as a major global shipping centre.
“Together with our Group’s other long-term investments in Nigeria, it will generate many local jobs and significantly increase economic revenue and resilience.”
Snake Island Port is an 85-hectare facility operated by Nigerdock, a maritime and logistics company, and comprises three terminals serving the Lagos port complex.
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