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EFCC recovered N500bn, secured 7,000 convictions under my watch – Tinubu

President Bola Tinubu, on Monday, praised the Economic and Financial Crimes Commission’s strides in anti-graft fight, saying the agency secured 700 convictions and recovered N500bn fraud proceeds in two years.
Speaking through Vice President Kashim Shettima at the opening of the 7th EFCC-NJI Capacity Building Workshop for Justices and Judges on Monday in Abuja, Tinubu said his administration remained committed to empowering anti-graft agencies to deliver tangible results, citing the EFCC’s performance as a clear example...TAP TO CONTINUE FULL READING.
According to a statement by the EFCC spokesman, Dele Oyewale, Tinubu said the Commission had recorded over 7,000 convictions in the first two years of his administration and recovered assets worth more than N500bn.
“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 N500bn.
“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,” he was quoted as saying.
The President said the government’s anti-corruption drive would only succeed if all arms of government worked in synergy, stressing that judges play an indispensable role in ensuring accountability and public trust in the justice system.
“A Nigeria free of corruption is possible if we all commit to doing what is right in our respective spheres of influence,” Tinubu said. “A robust judicial system is central to the success of anti-corruption efforts, and I count on our judges.”
Tinubu emphasised that the executive, legislature, and judiciary must lead by example, warning that the fight against corruption would lose credibility if public officials failed to uphold integrity.
“We cannot claim to have excelled in our pursuit of a transparent system if we do not live by such examples,” he said. “Courts and judges are strong pillars of the anti-corruption process. Your vantage position on the bench does not insulate you from the consequences of corruption.”
The President noted that corruption undermines national development and fuels insecurity, urging all Nigerians to unite in confronting it.
“There are no special roads, hospitals, or communities for judges. We all face the same risks that arise from decades of willful theft and wastage of our nation’s resources,” he said. “It is in the interest of all Nigerians to join hands in fighting and winning this war.”
Earlier, the EFCC Chairman, Ola Olukoyede, raised alarm over the persistent delays and procedural setbacks plaguing high-profile corruption cases in Nigerian courts, warning that they have cast a shadow over the agency’s achievements.
Olukoyede said that although the EFCC had made significant progress in tackling corruption, public confidence in the judicial process continued to wane due to the slow pace of politically sensitive trials.
“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 evokes 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,” he said.
Olukoyede described a recurring pattern in which defendants in corruption cases—especially politically exposed persons—exploit legal loopholes to delay proceedings.
“We appear to have grown accustomed to a predictable pattern in high-profile prosecutions: When investigations are concluded, getting politically exposed persons to appear in court to answer to charges is a Herculean task. 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 a fiddle suddenly comes down with some of the most chronic ailments under the sun. A medical report is brandished and technical adjournment procured,” he said.
The EFCC boss warned that the “weaponisation of procedure” and the prioritisation of technicalities over justice have serious consequences for the integrity of the judiciary.
He noted that prolonged trials often result in witness fatigue, faded memories, and, in some cases, the death or unavailability of key witnesses or prosecutors.
“All of these amount to weaponisation of procedures. Prioritisation 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 implications 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 is no longer available to testify.
“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.
Olukoyede also expressed concern over the conduct of some state high court judges, accusing them of issuing orders beyond their jurisdiction to obstruct the Commission’s lawful investigations into money laundering and financial crimes.
“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,” he lamented.
He decried situations where courts of coordinate jurisdiction deliver contradictory judgments in similar high-profile cases, further complicating the Commission’s work.
“In addition, contradictory decisions by courts of coordinate jurisdiction in high-profile corruption cases encumber the work of the Commission. There is also the case where senior lawyers are allowed to stall the arraignment of corruption suspects through frivolous applications.
“These antics leave society with the suspicion that the courts and the prosecution are not keen about justice,” Olukoyede said.
He also faulted some senior lawyers for filing frivolous applications aimed at delaying the arraignment of suspects, thereby fuelling public suspicion that both the judiciary and prosecutors are complicit in frustrating justice.
The EFCC chairman called on judges and justices to exercise greater circumspection in their rulings, especially in cases with significant implications for the country’s anti-corruption campaign.
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New CBN BVN Rules: 5 Things Nigerians Must Know From May 1

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

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
I Drove From Abuja To Bauchi And Back Without An Escort And It Was Safe-Paulo Santos, Portuguese Ambassador To Nigeria pic.twitter.com/GZmEJTHi0p
— Reno Omokri (@renoomokri) April 30, 2026
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Breaking News
Nigerians Convicted in $215m Global Email Fraud

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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