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BREAKING NEWS: Alleged ₦2.2 Billion Fraud! Why High Court Reserves Ruling On Ngige’s Bail

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A High Court of the Federal Capital Territory (FCT), sitting at Gwarinpa, Abuja, on Monday deferred ruling till Thursday on the bail application filed by a former Minister of Labour and Employment, Chris Ngige, who is standing trial over an alleged ₦2.2 billion contract fraud.

Trial Justice Maryam Hassan adjourned for ruling after listening to arguments from counsel to the Economic and Financial Crimes Commission, EFCC, and the defence.

Naija News reports that Ngige, who served as minister between November 11, 2015 and May 29, 2023, was arraigned last Friday on an eight-count charge bordering on abuse of office and contract fraud allegedly committed while overseeing activities linked to the Nigeria Social Insurance Trust Fund, NSITF...TAP TO CONTINUE FULL READING.

He pleaded not guilty to the charge, following which the court ordered that he be remanded at the Kuje Correctional Centre, Abuja, pending the determination of his bail application.

Part of the allegations against him is that he accepted kickbacks from firms that were awarded NSITF contracts and used his office to confer unfair advantages on associates by influencing contract awards.

The offences are said to be punishable under various provisions of the Corrupt Practices and Other Related Offences Act, 2000.

Opposing the bail request, the EFCC, through its team of lawyers led by Sylvanus Tahir, SAN, urged the court to decline the application.

The prosecution alleged that Ngige breached an earlier administrative bail granted to him by the Commission, accusing him of failing to return his international passport after travelling abroad in October for medical treatment.

The EFCC also drew the court’s attention to the weight of the charge, noting that it attracts a minimum sentence of five years imprisonment upon conviction.

In response, defence counsel, Patrick Ikwueto, SAN, pleaded with the court to grant his client bail pending the hearing and determination of the case.

He lamented that Ngige had already spent three days in EFCC custody before being brought to court for arraignment.

“The issue of whether he will be granted bail or not is a right in our Constitution. The defendant is not an unknown person in this country.

“I don’t think there is anybody in this country who will say they don’t know the defendant. Even from the charge, it was stated that he was a minister of this country,” Ikwueto said.

He added, “I urge your lordship to grant the defendant bail, and we are ready to fulfil any requirement your lordship will put as a condition for his bail.”

The defence lawyer also told the court that the former minister was not in good health, arguing that the correctional facility lacked the medical capacity to attend to his condition.

Ikwueto further contended that the allegations against his client were not capital offences and were therefore bailable.

Tahir further informed the court that the defendant’s international passport, which was released to enable the overseas trip, had not been returned till date.

According to him, it was only after Ngige was re-arrested that he claimed the passport had been lost.

Describing the explanation as an afterthought, Tahir urged the court to dismiss the bail application, insisting that it lacked merit and should not be granted.

“It is not like they are alleging that he ate the ministry’s money or that of NSITF. The trial will start, and we will see how those contracts were awarded. It is not a terrorism charge or treasonable offence,” he insisted.
Details Of the Alleged Contracts

According to the charge, the EFCC alleged that Ngige used his position to confer unfair advantage on Cezimo Nigeria Limited, a company linked to his associate, by approving seven NSITF consultancy, training and supply contracts valued at ₦366,470,920.68, contrary to Section 19 of the Corrupt Practices and Other Related Offences Act, 2000.

The Commission further alleged that between September 2015 and May 2023, Ngige awarded eight NSITF contracts worth ₦583,682,686 to Zitacom Nigeria Limited, whose Managing Director and Chief Executive Officer, Ezebinwa Amarachukwu Charles, was described as his associate.

Another eight NSITF contracts valued at ₦362,043,163.16 were allegedly awarded to Jeff & Xris Limited, a firm linked to another associate, Nwosu Chukwunwike.

In count four, Ngige was accused of influencing four contracts worth ₦668,138,141 in favour of Olde English Consolidated Limited, belonging to an associate identified as Uzoma Igbonwa. He was also alleged to have approved another four contracts valued at ₦161,604,625 for the same associate through Shale Atlantic Intercontinental Services Limited.
Alleged Kickbacks

The EFCC further alleged that between May and June 2022, the former minister “corruptly” received monetary gifts from NSITF contractors.

It claimed that he received ₦38,650,000 from Cezimo Nigeria Limited through his campaign organisation, ₦55,003,000 from Zitacom Nigeria Limited via his scholarship scheme, and ₦26,130,000 from Jeff & Xris Limited.

The alleged offences are said to be contrary to Sections 17(a) and 19 of the Corrupt Practices and Other Related Offences Act, 2000.

The court adjourned the matter till Thursday for ruling on the bail application.

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New CBN BVN Rules: 5 Things Nigerians Must Know From May 1

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The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) rules effective from May 1, 2026, aimed at reducing fraud, especially SIM swap and identity theft cases. The regulations include stricter controls on phone number changes, age restrictions, device limits, and temporary account restrictions for suspicious activities. Here is a simple breakdown of what you need to know.

One phone number change in a lifetime – Customers can only change the phone number linked to their BVN once. Choose carefully.
24-hour watchlist for suspicious BVNs – Banks can temporarily restrict accounts flagged for suspicious activity while investigations are conducted.
BVN registration is now for adults only – Only individuals aged 18 and above can independently register for a BVN. Minors require guardian-linked arrangements.
One device per banking app – You can only use your banking app on one device at a time. Switching devices triggers a 24-hour transaction limit of N20,000.
Authorised channels only – BVN services are now limited to CBN-approved banks and financial institutions. Avoid third-party apps or unofficial agents.

The new rules may feel strict, but they are designed to protect your money and reduce fraud. Be more careful with your phone number, devices, and banking activities to avoid unnecessary restrictions...TAP TO CONTINUE FULL READING.

Sources: Nigerian Tribune

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‘Nigeria is a safe country’ Reno Omokri Tells Portuguese Ambassador Who Drives Nigeria Highways Without Escort, Calls Trips Safe

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The Portuguese Ambassador to Nigeria has driven from Abuja to Bauchi and back without a security escort, describing the journeys as “very normal” and safe. Reno Omokri shared a video of the ambassador, praising Nigeria’s overall safety under President Tinubu. The ambassador also reportedly drove from Enugu to Abuja without incident. However, critics point to over 1,000 abductions since January 2026 and frequent highway kidnappings, questioning the safety claims.

Key Points:

Critics noted bandit attacks in Bauchi and other regions.
Many questioned why top Nigerian officials don’t take the same unescorted routes.
The ambassador acknowledged “some localized issues” but highlighted safety overall.
Over 1.5 million safe visitors to Lagos during the December holidays were cited.
Social media users expressed a divide between official accounts and citizens’ realities...TAP TO CONTINUE FULL READING.

The ambassador’s experience contrasts sharply with the lived reality of many Nigerians.

Sources: X

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Nigerians Convicted in $215m Global Email Fraud

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More than 1,000 victims across 19 countries were defrauded of about $215 million in a sprawling business email compromise scheme, leading to convictions of Nigerian nationals, the US attorney’s office has said. Twenty-five defendants were convicted on April 24. Among them were four Nigerian nationals and five naturalised US citizens of Nigerian descent. The scheme involved hacking email accounts and crafting fraudulent payment requests.

Key Points:

Victims were located in the US, UK, Germany, UAE, Australia, and 14 other countries.
One victim’s business sent $2.7 million to a shell company account.
Seized items included luxury watches worth over $215,000 and a Georgia residence.
The FBI, US Postal Inspection Service, and Border Patrol conducted the investigation.
A Chicago-area money service business owner was a co-defendant...TAP TO CONTINUE FULL READING.

Each defendant’s sentence will be determined based on their role and criminal history.

Sources: The Cable, Punch

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