NewStats: 3,262,218 , 8,176,493 topics. Date: Sunday, 01 June 2025 at 12:02 PM 485n2e

The Tony Elumelu led United Bank for Africa (UBA PLC) has come under attack from netizens, after the lender tried to swindle a diasporan customer by declaring him dead and clearing his mysteriously.

In a video circulated across a section of the media penultimate week, which emanated from the social media of an activist, Harrison Gwamnishu, the diasporan Nigerian and customer of the Tony Elumelu chaired UBA Plc had complained bitterly accusing the bank of orchestrating what has been tagged a heist which saw funds in his vanishing mysteriously under questionable circumstances.

According to the customer, Ibhahe Hope Ehieribo, a United States-based Nigerian and long-time customer of the bank, the total sum of ₦106,309,534.87 was cleared from his savings with UBA Plc unlawfully. The withdrawal, he said, was allegedly carried out based on false claims that he had died meanwhile he is based abroad.

The recent controversy came just weeks after the Lagos State Police Command arrested four officials of UBA Plc for allegedly stealing £138,924 (over ₦270 million) from international airlines’ s. According to police investigations, the suspects had reportedly conspired to siphon funds from domiciliary s into private s and later redistributed them to multiple beneficiaries.

Buttressing further on the heist pulled on his , Ehieribo, said the funds disappeared in 2023 while he was still residing overseas.

He explained that he had regularly deposited funds into his UBA over the years, only to discover upon his return to Nigeria that his entire savings had been cleared. Bank officials allegedly told him the money had been accessed by individuals who claimed he was deceased and had already been buried.

Ehieribo recounted that during his visit to the bank to demand an explanation, police officers were already stationed at the premises—allegedly to arrest him for causing a disturbance. He maintained that he only raised his voice in disbelief and frustration.

Calling the incident a gross violation of the customer’s rights, Gwamnishu vowed to hold UBA able.

In an update posted Monday, the activist confirmed that UBA had refunded the entire ₦106.3 million to the customer but criticized the bank for its silence on who forged the death certificate and executed the fraudulent withdrawal.

“UBA headquarters has reached out. Let me sit and do a video update. UBA is utterly confused and shouting in dismay,” Gwamnishu said.
“The man’s wife resides abroad, and he has no sisters. The supposed beneficiaries of his over ₦100 million are Patience and Precious. My client does not know either of them.”

He further alleged, “Before the money was awarded to these unknown recipients, they obtained a death certificate for a living man and went to probate court to secure a court order. The bank mentioned names unknown to the customer as beneficiaries.

Please tag the Central Bank of Nigeria and UBA Group, and Tony Elumelu. The bank will be held liable. They know what happened.”
UBA Returns Fund After Public Backlash following the public outcry and pressure on social media, the Tony Elumelu UBA reportedly returned the full amount to Ehieribo on Monday morning.

However, Gwamnishu insisted that the refund was not enough. He called on the Economic and Financial Crimes Commission (EFCC) to launch a full-scale investigation to uncover those behind the forgery and illegal transactions.

“This morning, our overseas client, whose funds exceeding ₦100 million were transferred from his , has recovered the full amount.
The bank previously informed the customer that individuals presented documents claiming he was deceased and buried. The money was then moved from his savings to an estate .”

“We await UBA’s public acknowledgment of its error and a clear disclosure of those involved. Are bank staff complicit? Nigerians deserve to know.”

“The EFCC must immediately investigate and summon bank executives to explain how unauthorized persons forged legal documents, declared a living man dead, and cleared his life savings.”

In a separate video message, Ibhahe Hope Ehieribo confirmed receiving the refunded money and expressed gratitude to Nigerians for their solidarity and .

Ramon Nasir, Head of Media and External Relations at UBA, did not respond to inquiries as of press time.
Despite the refund, many Nigerians continue to express outrage over the incident, with social media s criticizing the bank’s conduct and demanding transparency and justice.

Click here to read reactions on Twitter (X): https://x.com/HarrisonBbi18/status/1926991470856167548
SOURCE: https://enigerianews.com/tony-elumelu-led-uba-plc-under-attack-over-customers-missing-n106m/

Music executive Jude Okoye has been released from prison after almost two months, ENigeria News can report authoritatively.

Jude Okoye was initially arraigned by men of the Economic and Financial Crimes Commission (EFCC) before Justice Alexander Owoeye of the Federal High Court, Ikoyi, on charges bordering on money laundering and illegal conversion of funds said to be proceeds from musical royalties accrued by defunct musical group P-Square.

Jude Okoye is standing trial alongside his company, Northside Music Limited, on a seven-count charge bordering on money laundering to the tune of N1.38 billion, which the EFCC says are alleged proceeds from the royalties of musical works belonging to P-Square, which he allegedly diverted for personal use and the purchase of a massive Ikoyi property, among other things.

Justice Owoeye heard and ruled on the bail application submitted by lawyers representing Mr. Okoye.

According to the ruling, the defendant was granted bail alongside two sureties in the like sum of N100 million each. The two sureties were to provide documents to their properties within the jurisdiction of the court, among other conditions, which also include a travel ban on the defendant.

ENigeria News reports that Mr. Okoye was again arraigned on similar charges before Justice Ramon Oshodi of the Special Offenses Court in Ikeja on March 6, 2025, and bail was also granted by the court.

The bail condition included two sureties in the like sum of N50 million each, alongside other conditions that also included a travel ban and confiscation of the defendant's two ports (a Nigerian port and another port of St. Kitts and Nevis).

Having closely monitored developments on the case from inception, ENigeria News can report exclusively that after meeting the conditions for his release on bail in the two courts, Okoye was at exactly 5:40 pm set free from the Ikoyi Correctional Facility into the waiting arms of his brother, Paul Okoye, and P-Square's official lawyer, Barrister Somadina Eugene Okorie. Together they all drove to their Ikoyi mansion, where a party was thrown to celebrate the defendant's release.


SOURCE: https://enigerianews.com/jude-okoye-released-from-prison/

By SOMADINA EUGENE OKORIE Esq.

The 2025 Commonwealth Law Conference (CLC), held in Malta from April 6–10, in my experience as a delegate this year, was more than just an assembly of legal professionals—it was a critical forum for addressing the erosion of judicial trust, the threats to rule of law, and the intersection between legal stability and economic prosperity.

Hosted at the Hilton Portomaso in St. Julian’s, this year’s conference was particularly significant, not only for its rich agenda but also for its symbolic choice of Malta—a country that has successfully balanced judicial independence with economic resilience.
However, during my introspection as a practicing attorney from and in Nigeria, a country where public confidence in the judiciary is at an all-time low, the discussions at CLC 2025 yet again served as a timely reminder that a strong, impartial judiciary is not just a legal necessity but an economic imperative.

Let me begin with saluting the organizers for the choice of hosting the prestigious event this year, which in my opinion was pretty much deliberate.

As a country, Malta has long been a model of judicial integrity within the Commonwealth, with a legal system that upholds the rule of law while fostering a business-friendly environment. Unlike many developing Commonwealth nations where judicial decisions are often viewed with skepticism, the courts in Malta are widely respected for their fairness and efficiency, thus, contributing to the status of the country as a world class financial and investment hub.

This is a huge lesson that my country Nigeria should take seriously. When judges are perceived as independent and incorruptible, foreign investors are more willing to commit huge capital, businesses operate with greater certainty, and what follows is exponential economic growth.

Conversely, a judiciary seen as compromised or inefficient scares away investment and stifles economic and financial development.
No doubt, Nigeria’s representation at the conference was robust, featuring some of the our most influential legal minds, including: Afam Osigwe (SAN), President of the Nigerian Bar Association (NBA), Senior officials of the NBA like Chief Adegboyega Awomolo, Chairman NBA Body of Benchers, Yakubu Chonoko Maikyau SAN, immediate past President of the NBA, and Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), among other leading attorneys from top-tier Nigerian law firms.

In his keynote address, incoming Commonwealth Lawyers Association (CLA) incoming President Steven Thiru emphasized that "an independent judiciary is the lifeblood of democracy." His words carried particular weight for Nigeria, where high-profile cases—often marred by delays, conflicting judgments, and allegations of bias—have eroded citizen confidence.

While I’m impressed with the huge turn out of Nigerian delegates because their presence underscore Nigeria’s commitment to engaging with global best practices, I must not fail urge the delegation to go back home even resolved to strengthen both our legal and law enforcement institutions, creating frameworks that would promote public trust in our law enforcement and justice system as a country.
Key Conference Themes and Their Relevance to Nigeria

1. Judicial Delays and Backlogs: A Crisis Undermining Nigeria’s Legal System
One of the most critical sessions, "Delays, Excessive Duration, Backlogs, and Resources of the Judiciary," directly addressed a major failing in Nigeria’s justice system. Cases drag on for years, sometimes decades, creating a culture of impunity where litigants lose faith in the courts.

Why does this matter for Nigeria’s economy?
• Investors avoid jurisdictions where disputes take too long to resolve.
• Contract enforcement becomes unpredictable, discouraging business deals.
• Corruption thrives when cases are delayed indefinitely.
The way forward? Increased funding for our courts, digital case management systems, and stricter enforcement of timelines for judgments—measures that have worked in countries like Malta and Singapore.
2. Combatting Transnational Crime: Nigeria’s Anti-Corruption Fight in Focus
The session on "Combatting Transnational Organized Crime in the Commonwealth" was particularly relevant for Nigeria, given the EFCC’s ongoing battles against money laundering, cybercrime, and illicit financial flows.
Here are key takeaways for Nigeria:
• Stronger international cooperation is needed to trace and recover stolen assets.
• Judges must be insulated from political interference in high-profile corruption cases.
• Whistleblower protections must be strengthened to encourage reporting.
The EFCC Chairman’s participation in these discussions suggests a recognition of these challenges, but real progress will depend on judicial bravery in convicting high-profile offenders.

[b]3. AI and the Future of Justice: Can Technology Restore Trust?
[/b]The session "AI and Justice: Springing Towards a Vanishing Finish Line" explored how artificial intelligence could reduce case backlogs, minimize human bias, and enhance transparency.
For Nigeria, this is a game-changer.
• AI-assisted legal research could speed up judgments.
• Blockchain technology could make court records tamper-proof.
• Virtual court sittings could improve access to justice in rural areas.
However, as speakers noted, technology alone cannot fix a broken system—it must be accompanied by judicial integrity and political will.
4. Media Freedom and Judicial ability
The on "Media Freedom: Is There Any Such Thing Now or in the Future?" struck a chord in Nigeria, where journalists face harassment and the judiciary sometimes issues questionable rulings against press freedom.
Why this matters:
• A free press is essential for holding judges and politicians able.
• When courts are used to silence critics, public trust evaporates.
• Nigeria’s recent lawsuits against investigative journalists (e.g., cases involving Sahara Reporters, Times and other independent journalists) highlight this tension.
A truly independent judiciary would protect free speech, not suppress it.
The Way Forward: A Call for Judicial Courage in Nigeria
The 2025 Commonwealth Law Conference made one thing clear: Nigeria’s economic future is tied to its judiciary’s independence.
What must change and now?
. Judges must resist political pressure—no more conflicting rulings in election cases.
. Case backlogs must be addressed—technology and judicial discipline can help.
. Corruption in the courts must be punished—the NJC must act decisively.

Media freedom must be protected—an independent judiciary should defend free speech, not undermine it.

Malta’s example shows that a trusted judiciary attracts investment, ensures stability, and strengthens democracy. Nigeria must take this lesson to heart—before it’s too late.

[b]In Summary: A Judiciary That Works for Nigeria
[/b]As Afam Osigwe (SAN) and other Nigerian delegates return from Malta, the challenge is clear: Will Nigeria’s judiciary rise to the occasion?
The CLC 2025 was not just a conference—it was a mirror held up to Nigeria’s legal system, revealing both its flaws and its potential. The question now is whether Nigeria’s leaders—both on the bench and in government—will act accordingly.
A bold, independent judiciary is not a luxury. It is the foundation of Nigeria’s democracy—and its economy.

SOURCE: https://enigerianews.com/

A melodrama played out in court as musician Peter Okoye of the defunct P-Square music group failed to recall his wedding date during examination by the Economic and Financial Crimes Commission (EFCC).

ENigeria News reports that the trial of Jude Okoye, elder brother of Paul and Peter Okoye, resumed before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.

Jude Okoye is standing trial alongside his company, Northside Music Limited, on a seven-count charge bordering on money laundering to the tune of N1.38 billion, which the EFCC says are alleged proceeds from the royalties of musical works belonging to a defunct musical group.

ENigeria News reports that as the trial commenced on Monday, April 14, 2025, the EFCC presented its star witness, PW1, Peter Obumuneme Okoye, aka Mr. P, who acknowledged Jude as his elder brother and manager during examination, but a dramatic scene ensued while the witness was asked to state his wedding date for the records of the court, and he suddenly went blank and began to speculate.

Suddenly, the defendant, Jude Okoye who was in the dock, saved the day when he quickly quoted Peter’s exact wedding day as November 17th, 2013, and immediately the entire court went into a frenzy and uncontrollable laughter.

The prosecution led by Aso Larry’s Peters faulted Jude for speaking when it’s not his turn to do so, but the Judge quickly stepped in defense of the defendant, stating that blood is indeed thicker than water. He said, “Counsel, there is nothing you can do about it, blood is indeed thicker than water. The defendant sure knows everything about his brother and it is evident in his response to the question you asked.”

Continuing his testimony against Jude, Peter said,
“Before Jude became our Manager, we had several managers, including Chioma Ugochi, who managed us when we were in secondary school and in university, and the late Bayo Odusami of Mbuntu music, who managed us for five years.

“Thereafter, my twin brother and I managed the band for a couple of months before we decided that he (Jude) would manage us and Northside Entertainment Limited.

“So, we continued running our business. But we were always having issues about how he was running the business. The issues were mainly about the fact that he was the sole signatory to all our bank s in Ecobank, Zenith and FCMB.

“These issues lasted for a couple of months. I didn’t have access to the s until the current Minister of Aviation, Mr. Festus Keyamo, SAN, who was our lawyer, said we needed a sharing formula.”
While giving further evidence, he recalled an incident when the brothers were building their houses in Ikoyi, saying, “The funding of the house project was by Northwest Entertainment Ltd. But they just stopped financing my house for six months.

“The s were owned by the company, while Jude was the only signatory to all the s. At some, I approached him and my twin brother, Paul, to know why they stopped financing my project. But what I heard from them was “As you leave P-square, u leave the money’.

“With that comment, I had to approach our lawyer, Keyamo.
“All our money is in Northside Entertainment, and he is the sole signatory.

“Along the line, I discovered that there’s a company similar to ours, Northside Music Limited.

“In 2022, I discovered this when some people wanted to acquire our albums. These individuals demanded our statements of to know how much the albums were generating monthly. The reason is that I didn’t have access to ‘backend,’ which could be traced through a Northside and through the aggregators (these are people you engage to know when they play your music on any medium, so you get paid). I then demanded that I wanted to know the backend. But he refused.

“Then, I went to my twin brother, Paul, who replied thus: “You know, I don’t know anything about it, but Jude.”
“When I suggested we go to see him, he said he would go and meet him, so I left him.”

He further told the court that when he approached Paul a few weeks later about it, Paul told him he had discussed the issue with Jude.

Giving further testimony, he told the court that, “Thereafter, I approached Jude again. He told me that my share of the money was with some people in South Africa. I told him I was not asking for money but the backend and the statements of the . But there was no positive response.”

Following this discussion, he said he then reached out to the s officers in both Eco Bank and Zenith Bank, respectively. But he said he did not get a satisfactory response from them.
According to him , “The officer at the Zenith Bank later told me that Jude told him not to send it to me. The officer added that the only way I could get it was through the court.

“ I, however, discovered that the aggregators handling P-square’s Music Company were the same persons handling Paul and Peter. So, I approached Paul and told him to give them the albums of P-Square. But Jude and Paul were not comfortable with that.”

Also, Peter Okoye told the court that both Jude and Paul subsequently allowed him to give the catalogue to Mad Solution and he was assured that he would start receiving money after three months.

He said: “ Three months after, I received over $22,000 USD. I was also told that both Jude and Paul had been paid.
“ Until I called, I did not have an idea of a company called Northside music. I decided not to meet Jude over it. But when I approached Paul if he knew about Northside Music, he said I should check the album by Cynthia Morgan, who was then Jude’s artiste.

“When I checked Cynthia Morgan’s album, it was Northside Incorporation and not Northside Music. I then approached Jude for the same backend. He told me that it was going to take three and half months to retrieve the catalogue.

“And then forwarded the catalogue to me. My new management now sent it to people who wanted to buy it.”
According to him, “ By the time it was sent to me, it only bore numbers and not figures.

“They responded that the backend had been tampered with, which suggested that the people who offered $8000 USD could not offer $500 USD,owing to the fact that the numbers had reduced.

“ I went to the Corporate Affairs Commission (CAC) site and discovered that the Directors of Northside Music were Jude Okoye and his wife. I also discovered that Jude’s wife owned 80%, while Jude owned 20%.

“On the backend, I was unable to get anything because it had been tampered with. One of those interested in buying the catalogue came to my house and invited Paul. But his response was that “ I know Peter has told you this. …..When he came back after an hour, he told me that he was tired of all this and that I could do my worst.

“ The man handling our tax , Emmanuel, came to my house and said Jude should pay N2m or thereabouts.

“He said Jude was able to prove that since they broke up, they had not been performing. But when I checked the statements of s from January 1, to December 2017, I discovered that those who paid money to the Access Bank were the aggregators.

“ I then ed my lawyer, Afolabi l, who now took the matter to the EFCC.”

The case was adjourned till June 4, 2025 for cross-examination.

SOURCE: https://enigerianews.com/drama-in-court-as-peter-okoye-fails-to-recall-wedding-date/

Abuja, Nigeria— When billionaire businessman, philanthropist, and socialite Obi Cubana marked his 50th birthday in grand style last weekend, it wasn’t just another high-profile event—it was a masterclass in luxury, networking, and showmanship, reaffirming his status as Nigeria’s undisputed "King of Razzmatazz."

The party-themed “50 for 50”, which was held at the lavish and expensive Transcorp Hilton Hotel in the Maitama District of Abuja, brought together an unprecedented gathering of Nigeria’s political, business, and entertainment elite, sparking conversations about wealth, influence, and the evolving culture of high-society gatherings in the country. ENigeria News was there, and below is what went down.

Obinna Iyiegbu, popularly known as Obi Cubana, is the founder and Chief Executive Officer of Cubana Group, with interests in lifestyle and entertainment, real estate, transport, tech, and other key economic areas.

Called Okpataozueora1, Obi, ushered in his new age with a simple yet profound Instagram post. Dressed in majestic traditional attire, he wrote, “12.04.25 Happy Birthday, Obi Cubana. 50yrs! 50for50.”
Celebrating her husband, Ebele Iyiegbu, aka Lush Eby, posted a picture of him in elegant attire and wrote, “You are my gift, Dim oma!”

A Gathering of Titans: Who Was Who at the Party
The guest list for Obi Cubana’s 50th birthday read like a Nigerian Forbes ranking meets a political summit. Among the dignitaries spotted were
• Serving and former governors—indicating that Obi’s influence cuts across political divides.
• Top-tier billionaires and industrialists—proof that his business connections run deep.
• A-list musicians and Nollywood stars—because no major Nigerian event is complete without celebrity glamour.
• Social media influencers and content creators—who ensured that every moment was documented for the world to see.

A list of leading dignitaries at the occasion included Delta State governor Sherriff Oborevwori and Mr. Peter Obi, a former governor of Anambra State and the Labour Party's (LP) 2023 presidential candidate, who all made positive remarks about Obi Cubana's remarkable life story and lasting impact.

They were also ed by prominent of the political, governmental, and corporate spheres, including Senator Enyinnaya Abaribe, Senator Chris Ngige, former Deputy Speaker Emeka Ihedioha, former Senator Dino Melaye, Allen Onyema of Air Peace, Pastors Biodun Fatoyinbo & Jerry Eze, Chief Dele Momodu, billionaire Joey Zaza, Cubana Chief Priest (don't worry, he wasn't allowed to perform his new single...sorry, that was a joke), and others.

The entertainment industry also made a big splash. The exciting performance by global Afrobeats phenomenon Flavour Nabania got the audience standing up as they danced to his repertoire of highlife music catalogue. There was also Paul Okoye, aka Paul O, who came with his partner and actress, Iyabo Ojo, who all lit up the night with electrifying sets and heartfelt tributes to the celebrant.

On the celebrity front, the red carpet dazzled with appearances from award-winning actress Ini Edo, style icon Ebuka Obi-Uchendu, Nollywood royalty Kanayo O. Kanayo, reality TV stars Mercy Eke and Tacha Akide, comedian Okey Bakkassi (he hosted the event), and skit maker Broda Shaggi.
The atmosphere buzzed with excitement as fashion, music, business, and tradition blended seamlessly under one roof.

The presence of such high-profile figures drew inevitable comparisons to the early 2000s era of Terry Waya, the flamboyant socialite whose parties were notorious for attracting sitting governors, sparking controversies, and even drawing the attention of then-President Olusegun Obasanjo. Back then, Waya’s 2005 birthday bash was the talk of the nation, with reports suggesting that the presidency considered sanctions over the perceived excesses of public officials in attendance.

Fast forward to 2024... READ MORE from SOURCE: https://enigerianews.com/between-obi-cubana-and-terry-waya-highlight-of-cubanas-50for50-birthday-extravaganza-in-abuja/

Paschal Dozie, a doyen of banking in Nigeria and founder of Diamond Bank, is dead.

ENigeria News reports that Dozie, who was the former chairman of MTN Nigeria, has died at 85 from an undisclosed ailment; a source close to the family has confirmed.

He lost Diamond to Access Bank’s acquisition after the bank ran into troubled water under the leadership of his son, Uzoma Dozie.

With a net worth of over $1 billion, the banking wizard is among the top billionaires in Nigeria as at 2024 ranking.

Paschal Dozie: State of Origin, Early Life and Education

Paschal Dozie was born in 1939 in the Egbu village of Owerri, Nigeria. He was born into the family of Charles Dozie who was a Catholic catechist. Dozie attended Our Lady’s School, Emekuku, where he obtained his First School Leaving Certificate (FSLC).

He subsequently attended Holy Ghost Juniorate Seminary and Holy Ghost College, Owerri, where he obtained his West African Senior School Certificate Examination. After obtaining his high school certificate, he travelled to London, where he studied economics at the London School of Economics and obtained a BSc in economics. Subsequently, he attended City University in London, where he studied operational research and industrial engineering and obtained a master’s degree in istrative science.

Paschal Dozie Family
Until the time of his death, he was married to Chinyere Dozie, and they had five children, among whom was Uzoma Dozie, a former Managing Director of defunct Diamond Plc. This is a developing story; more to follow shortly.

SOURCE: https://enigerianews.com/breaking-news-paschal-dozie-diamond-bank-founder-is-dead/

By DESMOND IKE-CHIMA

In this report, ENigeria News takes a deep look into key factors that prove that Sterling Bank’s “free transfer” campaign may be a huge scam, and should not be taken seriously.
Sterling Bank is a struggling Nigerian lender that has built a reputation for its disruptive marketing strategies, often leveraging controversy and trends to generate buzz.


Not surprisingly, as a Tier 2 bank in Nigeria, the lender is bedeviled with the same skepticism and stigmatization that plague other financial institutions in its cadre, and this is stemming from their smaller market share, weaker financial strength, and more often than not declining customer confidence.

ENigeria News reports that rather than addressing these fundamental issues, Sterling Bank has perfected the art of attention-grabbing stunts, even at the expense of public sensitivity. A key example was its infamous 2022 Easter media advert, where the bank impulsively compared the resurrection of Jesus Christ to the rising of Agege bread. The backlash was severe: aggrieved customers rushed to close their s, corporate organizations threatened withdrawals, and advertising regulators sanctioned the bank. Only after immense pressure did Sterling Bank reluctantly issue a half-hearted apology.

This pattern of extremism for publicity raises serious questions about the bank’s latest stunt—the “Free Transfer Campaign.”

A Desperate Ploy for Relevance?
In 2025, Sterling Bank suddenly positioned itself as a “messiah” of Nigerian banking, declaring free transfers and urging other banks—including financially stronger Tier 1 banks—to follow suit for “the greater good.” But given the bank’s history of gimmicks, this present move reeks of desperation rather than genuine customer-centric innovation.

Consider the following:
1. A Sinking Brand in Distress – Since the 2022 Agege bread debacle, Sterling Bank has struggled with customer retention. In 2024, its migration to a new core banking system, SeaBaaS, left customers locked out of their s for months, triggering an another aggressive wave of mass exits of its already declining customer base.

2. Sustainability is a Mirage—The free transfer model lacks a legal or financial framework to ensure long-term viability. With no clear revenue replacement strategy, the campaign appears to be another short-lived PR stunt and notoriety, which the bank is known for.

3. A Possible Recapitalization Scam-The Central Bank of Nigeria (CBN) has mandated Tier 2 banks to recapitalize to the tune of N200 billion. With the deadline looming and with Sterling Bank showing signs of a sinking brand and with no clear path to meeting this requirement, this “free transfer” campaign could be a phishing expedition to attract desperate depositors and inflate its balance sheet to avoid a possible merger.


Why You Should Be Wary of Sterling Bank
While a few public figures, like former Aviation Minister Osita Chidoka and ex-Abia Governor Okezie Ikpeazu, are already ejaculating and romancing the initiative, smart customers should see through the facade.

Under the leadership of Abubakar Suleiman, Sterling Bank has repeatedly prioritized sensationalism over substance, thus plunging the bank into a further media crisis than usual.

Free transfers sound noble, but in reality, this could be:
• A last-ditch effort to regain lost customer trust.
• A deceptive strategy to boost deposits ahead of CBN’s recapitalization deadline.
• Another unsustainable promise that will be quietly rolled back once the hype fades.

Conclusion: Don’t Fall for the Gimmick
Nigerians have seen enough banking scams to recognize one when it appears. Sterling Bank’s free transfer campaign is not a revolution—it’s a well-crafted distraction from its deeper financial struggles.

Before jumping on the bandwagon, customers should ask, If Tier 1 banks with stronger balance sheets haven’t adopted this model, why is a struggling Tier 2 bank pushing for it? The answer is clear—Sterling Bank needs your money more than you need their free transfers.

Smart banking customers should steer clear. This isn’t innovation; it’s a scam.

SOURCE: https://enigerianews.com/why-sterling-banks-free-transfer-campaign-is-the-biggest-banking-scam-of-2025/

The Anambra State government has formally charged Chidozie Nwangwu a popular native doctor in the state also known as Akwa Okuko Tiwaraki and other with kidnapping.

ENigeria News reports that Akwa Okuko Tiwaraki and other native doctors in Anambra State were arrested on the order of the governor of the state, Professor Chukwuma Soludo, who in December 2024 initiated a crackdown on fake native doctors in the state, following a surge in criminal activities, prominent among which was ritual killings and kidnappings across the state.

Akwa who had remained in the custody of the State government since his arrest due to allegations of involvement in criminal activities was on March 26, 2025 arraigned before a High Court holden in Awka Anambra state on two count charges of alleged kidnapping and conspiracy.

ENigeria News spotted the charge sheet which a part of it reads, “Chidozie Nwangwu and others at large on or about the 4th day of September 2024 at Nkpor within the jurisdiction of the court, did conspire among themselves to commit felony, to with; kidnapping. Contrary to section 314(1) of the Criminal Code Amended Law 2009.”

26 year-old Akwa Okuko Tiwaraki was apprehended by operatives of the Agunechemba security outfit in Oba, Idemili South Local Government Area, in February 2025. During interrogation, he reportedly refuted claims of participating in the preparation of “Oke Ite,” a substance purportedly used for illicit purposes, stating that he had ceased such practices long ago.

Despite his denials, the Anambra State Government proceeded with plans to charge Akwa Okuko and other native doctors in custody with promoting money rituals and providing charms for criminal activities.

The government maintains that these actions are essential to restore order and address the exploitation of spiritual practices for unlawful gains.

SOURCE: https://enigerianews.com/just-tin-popular-native-doctor-akwa-okuko-tiwaraki-charged-with-kidnapping/

Nigerian Senator Ned Nwoko’s Moroccan wife, Laila Charani, has opened a new travel agency, MNS Travel Agency.

ENigeria News reports that Laila Charani and her husband threw a high-octane party to mark the grand opening of the travel company, which reportedly caters to and promises to redefine luxury travel.

Laila Charani, who recently rekindled bond with her husband, Ned Nwoko, after the latter began hanging out with her more often following a rumoured marital crisis with his youngest wife and actress, Regina Daniel, weeks back, is said to have spared nothing at the launch of her new business empire. From continental to local African culinary dishes, all were in abundance at the event.

The high-profile event marking a new beginning for MNS Travel Agency was witnessed by distinguished Nigerians, including Adebola Joy Agunbiade, the Director of Business Development at the Ministry of Aviation, and Mrs. Nneka Ikem Anibeze, Senior Assistant on Media at the Ministry of Tourism and Culture, who represented the Ministers of Aviation and Tourism & Culture, among others.

ENigeria News reports that in his words of exultation, Nwoko, while celebrating the successful achievement of his wife, wrote:
“I am incredibly proud of my lovely wife, Laila Charani, on the successful grand opening of MNS Travel agency. Her ion, dedication, and vision for redefining luxury travel have come to life, and I have no doubt that MNS Travel will set new standards in the industry.

“As someone deeply committed to economic development and tourism in Nigeria, I strongly believe in the power of the travel industry to drive growth, create jobs, and showcase our beautiful country to the world. MNS Travel is a step in the right direction, and I have no doubt it will thrive!

Once again, congratulations, my love! May this be the beginning of something truly great.”
MNS Travel Agency is located at Maitama Mall, Third Floor, Plot 41, Osun Crescent, Off IBB Way, Maitama, Abuja.

SOURCE: https://enigerianews.com/ned-nwokos-moroccan-wife-laila-charani-opens-luxury-travel-agency/

On Friday, the Supreme Court five-man , in a unanimous judgment, sacked Julius Abure as National Chairman of the Labour Party (LP).
ENigeria News reports that a five-member of the apex court held that the Court of Appeal lacked the jurisdiction to have pronounced Abure National Chairman of the LP, having earlier found that the substance of the case was about the party’s leadership.

It held that the issue of leadership was an internal affair of a party over which courts lacked jurisdiction.
The apex further sustained the appeal filed by Nenadi Usman, a former senator representing Kaduna South, and one other and held that it was meritorious.

Thus, the apex court proceeded to dismiss the cross-appeal filed by the Abure faction of the LP for lacking merit.

However, in a statement released by Obiora Ifoh, the Labour Party’s National Publicity Secretary, moments ago, the statement maintained that Julius Abure remains the party’s authentic Chairman.

ENigeria News reports that while reacting via the party’s official handle on X, the statements read, “The Supreme Court strikes out Nenadi and Abure suits, saying only political parties can determine who their leaders are. It also said that the courts shouldn’t dabble in the affairs of the political parties. Dr. Julius Abure is still the National Chairman of the Labour Party.”

The confusion surrounding the now controversial Supreme Court judgment may eventually be subject to interpretation by legal experts.

SOURCE: https://enigerianews.com/breaking-julius-abure-remains-chairman-labour-party-insists/

The Supreme Court has sacked Julius Abure as Labour Party Chairman.
ENigeria News reports that the Supreme Court in a landslide judgment set aside the judgment of the Court of Appeal in Abuja, recognizing Julius Abure as the National Chairman of the Labour Party (LP).

In a unanimous judgment on Friday, a five-member of the apex court held that the Court of Appeal lacked the jurisdiction to have pronounced Abure national chairman of the Labour Party (LP), having earlier found that the substance of the case was about the party’s leadership.

It held that the issue of leadership was an internal affair of a party over which the courts lacked jurisdiction to handle. The court further allowed the appeal filed by Senator Ester Nenadi Usman and one other and held that it was meritorious.

The apex court proceeded to dismiss the cross-appeal filed by the Abure faction of the Labour Party as being unmeritorious.

SOURCE: https://enigerianews.com/breaking-supreme-court-sacks-julius-abure-as-labour-party-chairman/

Moments ago, ENigeria News broke the news of the Edo State Governorship Election Petition Tribunal, which declared Monday Okpebholo the winner of the September 21, 2024, election held in Edo State.

The three-man Edo state governorship election petition tribunal headed by Justice Wilfred Kpochi dismissed the petition filed by the Peoples Democratic Party and its candidate, Asuerime Ighodalo, and upheld the election of Monday Opkebholo, candidate of the All Progressives Congress (APC).

ENigeria News reports that in a unanimous decision, the Justice Wilfred Kpochi-led Tribunal further gave reasons why it declared the defendant the authentic winner of the election, which was widely perceived as flawed and riddled with a lot of irregularities and malpractices.

According to the tribunal, the People’s Democratic Party failed to call witnesses to prove its case of overvoting contained in its petition.

Also, the tribunal held that the PDP failed to call polling unit agents from all the polling units where they had alleged electoral irregularities.

The tribunal added that out of the 19 witnesses called by the petitioners, 14 of them were ward and local government agents, and the star witness who claimed to be a director of strategy for the PDP played no role in the conduct of the election.

It also added that the BVAS tendered by the petitioners were dumped on the tribunal.

Thus, the tribunal ruled that the petitioners failed to prove their allegations of over-voting and upheld that Okpebholo secured the highest number of valid votes.

The tribunal also criticized the manner in which the petitioners presented their evidence, stating that it did not sufficiently their claims.

Meanwhile, earlier, the Edo State Governorship Election Petition Tribunal had also thrown out the petition of the Action Alliance candidate, Adekunle Omoaje, stating that the AA candidate lacked the legal standing to challenge the election since he did not participate in the poll.

It also held that his claims, which stemmed from his non-recognition as AA’s National Chairman by INEC, had no basis under the Electoral Act 2022.

Many ers of PDP said they "expected nothing different," as it will be difficult to "get justice with Tinubu as president."

SOURCE: https://enigerianews.com/edo-tribunal-reveals-why-it-declared-okpebholo-winner/

The Edo State Governorship Election Petition Tribunal in Abuja has declared Monday Okpebolo the winner of the September 21, 2024, election held in Edo State.

ENigeria News reports that following the controversy arising in the last Edo State Governorship election, where the Independent National Electoral Commission (INEC) declared Monday Okpebolo of the All-Progressives Congress (APC) the winner with 291,667 votes, defeating his closest rival, Asue Ighodalo of the Peoples Democratic Party, who polled 247,655 votes, the PDP candidate approached the Edo State Governorship Election tribunal, and after three months of critically examining the petition brought before it, the tribunal moments ago declared Monday Okpebolo the authentic winner, dismissing the petition of Asue Ighodalo.

The PDP and its candidate, Asue Ighodalo, had argued that Monday Okpebolo of the APC did not win the election, citing multiple cases of overvoting, corrupt practices, and non-compliance with the Electoral Act.

The member of the tribunal, headed by Justice Wilfred Kpochi, had, on 3 March, reserved judgment in the petition after the parties adopted their final written addresses.

Although ENigeria News correspondent, who was present in court, noted that there was an acknowledgement of issues like over-voting and a few other concerns raised in Asue Ighodalo's petition, the APC's written address knocked most of the concerns out, and consequently, in its judgment, the Edo State Governorship Election Tribunal dismissed the petition and ruled in favour of the defendant.

SOURCE: https://enigerianews.com/edo-state-governorship-election-tribunal-declares-okpebholo-winner/

Victor Isimhen is possibly moving to Barca as the Galatasaray striker tops the list of options for possible strikers penned down to replace Robert Lewandowski.

ENigeria News reports that Barcelona is seriously in search of a possible replacement for the legendary Robert Lewandowski, who is now aging and unable to perform optimally.

Lewandowski is having the most impressive season of his career at Barcelona and is on track to hit 50 goals by the end of the campaign. However, with the Polish striker set to turn 37 in August and his playing days numbered, Barca is said to be considering their options up front.

The Catalans are keen to line up a replacement for the former Bayern Munich No. 9 over the next year.

According to a report from SPORT, Juventus have offered Barca the chance to sign out-of-favour striker Dusan Vlahovic, but the club’s transfer chiefs are not sold on the Serb, who has been linked with a move to either Saudi Arabia or the Premier League.
Another name mentioned in the report is Nigerian-born striker Victor Osimhen, who is currently on loan at Galatasaray from Napoli.

The Serie A side are set to part ways with the Nigeria international once and for all this summer and will look to offload him for a price of €75m. Barcelona, though, believes that the player’s wages as well as his transfer fee are well beyond their financial capabilities at the moment but could be open for negotiation.

SOURCE: https://enigerianews.com/osimhen-moves-to-barca/

A Nigerian pregnant woman identified as Kemi has reportedly died after a private hospital rejected her in a very critical state.

In a video seen trending on social media, Kemi, a mother of two who was visibly pregnant with her third child, was in a critical state as her husband held her and gave her moral on their way to the hospital.

ENigeria News collected some videos of the deceased, whose husband revealed she had died moments after the hospital refused to it her, despite her critical condition.

Some reactions from netizens read:
“This pregnant woman's de£th hurts to the bone. No mother deserves to go through this The pain was so much, but she never gave up, She was strong, she was strong enough. Even though she was tired, she held on till her lasst breath watching those videos on her husbands page really shoke me up According to her husband, the hospital that would've helped the mom and the baby rejected them because they couldn't afford the 500k hospital bill watch the videos
The hospital told them they need to pay 500k first before she would be itted.”

“You are all blaming the hospital! Pause and think, do you as a citizen of an oil producing country deserve a free Medicaid? Are all these patients good people themselves ? ( so have absconded with hospital bills) While you are here blaming the hospital or countering this…”

Her children described the mother of two as a kind mother, caring and nice...

To WATCH VIDEO: https://enigerianews.com/pregnant-woman-dies-after-hospital-rejected-her-over-n500k/

This is the profile of Bashir Bayo Ojulari the new Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited.

ENigeria News reports that he was named the CEO after President Tinubu had sacked the entire board of NNPC, including its Mele Kyari.

Bashir Bayo Ojulari, the new NNPC Limited Group CEO, hails from Kwara State.

Educational Background
Ojulari is an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering.

Work Experience
Until his new appointment, Ojulari was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance Africa Energy Limited recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.

He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he ed Shell Petroleum Development Company of Nigeria Ltd. in 1991 as an associate production technologist.

Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).

ENigeria News understands that during his career, he was chairman and a member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.

Upon appointment, President Tinubu thanked the old board for their dedicated service to NNPC Limited, particularly their efforts in rehabilitating the old Port Harcourt and Warri refineries, which enabled them to resume petroleum product production after prolonged shutdowns. He wished them well in their future endeavours.

SOURCE: https://enigerianews.com/biography-of-bashir-bayo-ojulari-new-nnpc-ceo/

So untrue

grandstar:
I thought there were rumours flying around one of her legs was facing amputation.

Seems it wasn't true.

Kenya has overtaken Nigeria as the highest importer and is dependent on the import of second-hand clothes popularly known as Okiri in Nigeria.
ENigeria News reports that a survey by Business Insider Kenya imported used clothes (Okirika) valued at Sh38.5 billion ($298 million), a 12.45% rise over the previous year, according to the most recent trade data published by the Massachusetts Institute of Technology (MIT), a university in the United States.


The increase demonstrates Kenya’s increasing reliance on reasonably priced used clothes, or “mitumba” as it is known locally, which includes dresses, shirts, pants, coats, shoes, bedding, towels, curtains, and undergarments.

ENigeria News reports that MIT’s Observatory of Economic Complexity ranked South Africa third with Sh33.76 billion ($261 million) in 2022, while Kenya imported almost as much used clothing and textiles as Nigeria ($34.5 billion, or $265 million).

In 2021, South Africa was the leading importer of used clothes and textiles, though the country restricted such imports, except for specific purposes such as manufacturing industrial wiping rags or donating to ed charities.

In 2023, Ghana ranked as the second-largest importer of second-hand clothes, with imports valued at Sh30.4 billion. South Africa followed at Sh29.4 billion, with Uganda at Sh27.2 billion and Nigeria at Sh27 billion.

Despite Nigeria’s larger population and official ban on used clothing imports, Kenya now leads the continent in the trade.

Recent tax policy changes, including the removal of the import declaration fees (IDF) and the railway development levy (RDL), are expected to further increase mitumba imports in Kenya. Manufacturers have kicked against these changes, arguing that they undermine local industry.

SOURCE: https://enigerianews.com/kenya-overtakes-nigeria-in-import-of-used-clothes-okirika/

There is another round of tension in Edo State, as the Edo State Governorship Election Petition Tribunal is now set to deliver judgment on the Edo State governorship election.

ENigeria News reports that the Independent National Electoral Commission (INEC) had declared Monday Okpebholo of the All Progressives Congress (APC) as the winner of the governorship election, a development that was immediately challenged by Asue Ighodalo, candidate of the Peoples Democratic Party in Edo State.

According to INEC, Okpebholo defeated Asue Ighodalo of the Peoples Democratic Party (PDP) and Olumide Akpata of the Labour Party (LP).

However, the PDP candidate, Asue Ighodalo, launched a petition contesting Okpebholo’s election victory on September 21, 2024. They charged INEC with electoral irregularities, such as excessive voting, a failure to serialize ballots, collation issues, and inaccurate result computations.

In addition to calling a senior technical officer from INEC’s ICT department, the petitioners called 19 witnesses during the tribunal sessions. The officer provided 154 BVAS machines as evidence to claims of over-voting.

In the case, which was marked EPT/ED/GOV/02/2024, INEC did not call any witnesses in response to the petition. Okpebholo presented one witness, while the APC brought forward four witnesses before concluding their defense.

The three-member , led by Justice Wilfred Kpochi in the Edo State Governorship Election Petition Tribunal, had, in the last seating, stated that the tribunal’s judgment would be delivered at a later date.

“A date for judgment will be communicated to the parties by the Secretary of the tribunal. The tribunal stands adjourned until then,” said Justice Kpochi.

In its recent communication, the Tribunal has scheduled Wednesday, April 2, 2025, to deliver its judgment on the September 2024 election, hence fueling another round of tension in the state after the recent killing of over 19 Fulani ‘hunters’ days back.

SOURCE: [url]https://enigerianews.com/edo-governorship-election-tribunal-judgment/ [img][/img][/url]

Following her divorce saga and hiatus from the social scene, Annie Idibia appears to have gotten back her mojo, cleaned up nicely, upgraded her wardrobe, and made a huge comeback to the social scene, reviving her social media presence and beginning to mix with friends again.

ENigeria News published a report day back citing how Natasha Osawaru Igbinedia had added Idibia to her Instagram bio, thus fueling speculations of a possible secret nuptials with 2Face Idibia, but close family sources have refused to speak to us when our correspondent reached out over the weekend.

Natasha’s move came days after Annie had personally signed an Instagram post with her maiden name, Annie Uwana Macaulay, obviously leaving out Idibia.

Annie Idibia returns to Social Scene
ENigeria News observed that since publishing an appreciation post thanking friends and family for standing by her, Annie has conspicuously been spotted in several gatherings with friends and close allies.

The mother of two and now estranged wife of Nigerian musician Innocent Idibia, aka 2Face, had been spotted cruising in exotic cars, traveling in a private jet, and attending several events and hangouts comprising of her friends and ers.

Her social media presence has also increased lately, with goodwill messages from women groups flooding her comment section.


Annie wrote: To my family, to my friends who came through for me, the system I have now, all my amazing family HERE and all over the world. God bless you for the outpouring of love. I appreciate every single one of you, and I do not take any of it for granted; may the universe continue to be in your favor. God Bless You All. Lots of LOVE. Annie Uwana Macaulay.”

A close observation shows that the estranged Mrs. Idibia has visibly cleaned up and upgraded her wardrobe or changed her stylist in preparation for the next episode of her life’s journey into single motherhood.

Like Annie, Like May Edochie and others
Flooding the comment section of Annie Idibia in solidarity were concerned friends and mostly women like Iyabo Ojo, Lola Omotayo-Okoye, May Yul-Edochie, Angela Okorie, Omoni Oboli, and others.

The scenario calls to heart the incident with May and Yul Edochie’s marriage saga, when women rallied around May and provided moral for her, arranging gigs, movie roles, and endorsements for her. Would Annie’s base do the same for her at this time? It remains to be seen.

SOURCE: https://enigerianews.com/annie-idibia-upgrades-wardrobe-cleans-up-returns-to-social-scene/
https://enigerianews.com/annie-idibia-upgrades-wardrobe-cleans-up-returns-to-social-scene/

Chijioke Edeoga, a former Labour Party governorship candidate in the 2023 election, has returned to the Peoples Democratic Party (PDP).

ENigeria News reports that Chijioke Edeoga, who previously served in the PDP as a federal lawmaker and commissioner in various capacities, is repositioning for the 2027 election year.

He took to the PDP state secretariat on Monday to announce his defection, citing Governor Peter Mbah’s leadership as a key factor in his decision.

You would recall that months back, Governor Peter Mbah dispatched party delegations to approach and beckon on Edeoga to return to the party as the party needs experienced high-ranking like him for growth and stability.

He welcomed the party’s delegation and promised to carefully think about their proposition. “Apparently, he thinks the condition presented to him favours him, hence the decision to re the PDP," a source told our correspondent in Enugu moments ago.

Edeoga was a major contender in the 2023 election, where he gave the PDP candidate, Peter Mbah, a run for his money and platform of his party. Riding on the Peter Obi wave, Edeoga almost cruised to victory but for the skirmishes and alleged irregularities here and there.

SOURCE: https://enigerianews.com/chijioke-edeoga-returns-to-pdp/

Richard Chamberlain, a famous actor, has died at the age of 91.
ENigeria News reports that Richard Chamberlain died in Hawaii of complications following a stroke, as confirmed in a statement credited to his publicist, Harlan Boll.

The famous actor started playing a hunky TV doctor and went on to become a miniseries maestro, winning many hearts.

Chamberlain is a three-time Golden Globe winner who has worked as an actor, singer, soldier, painter, and author throughout the years. However, he first gained notoriety and solidified his image as a heartthrob by portraying a dashing young doctor in the 1960s television series “Dr. Kildare.”

SOURCE: https://enigerianews.com/actor-richard-chamberlain-dies-at-91/

Jude Okoye, P-Square’s former manager and elder brother of Peter and Paul Okoye, is still languishing and would be spending Salah break in prison custody.

ENigeria News reports that on Wednesday, February 26, 2025, Jude Okoye was arraigned alongside his company, Northside Music Ltd., by the Economic and Financial Crimes Commission (EFCC) before Justice Alexandra Owoeye of the Federal High Court, Ikoyi, on a seven-count charge bordering on money laundering to the tune of N1.38 billion ($1 million and £34,537.59, $1,019,762.87), domiciled in Access Bank Plc and operated by Northside Music Ltd.

He was also alleged to have directly acquired a landed property known as No. 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos, worth N850,000,000.00 (eight hundred and fifty million naira), all of which was “part of the proceeds of an unlawful act.”

The defendant was then granted bail by the court with two sureties in the like sum of N100 million. Justice Owoeye also ruled that the two sureties must provide documentation of their properties that fall within the court’s jurisdiction and fixed April 14, 2025, for trial.

ENigeria News reports that on March 6, 2025, the EFCC again proceeded to re-arraign Jude Okoye before a Special Offenses court in Ikeja headed by Justice Ramon Oshodi on similar charges, where he was again granted bail with two sureties in the like sum of N50 million each, while the court set April 16 and 23 for trial.

However, this newspaper has noted that Mr. Okoye has been locked up at the Ikoyi correctional center for one month and counting because judges are yet to sign the order to release him on bail.

A few days ago, our correspondent met with P-Square’s official attorney, barrister Somadina Eugene Okorie, in court and requested an audience to update us on his client’s release and how far he had gone, but he declined to do so. Meanwhile, court sources disclosed to ENigeria News correspondent exclusively that although the bail requirements for Justice Oshodi’s court have been fulfilled, the judge is allegedly on a brief vacation but is anticipated to return to work on April 6.

Speaking to our correspondent, the source further stated that “Justice Owoeye is yet to approve the bail for the Federal High Court since Barrister Somadina and his team are still trying to satisfy all the requirements.”

SOURCE: https://enigerianews.com/jude-okoye-to-spend-salah-break-in-prison-as-lawyer-works-to-perfect-bail/

Leave that thing joh, they are alreasy contained...

Danwakae:


The people are watching the script playing in Rivers


Ijaw people will still start wahala

Yes, very true...

cadris:
With the way things are going, ts a lost battle for governor Fubara

Vice iral Ibok-Ete Ibas, the sole of Rivers State appointed by President Bola Ahmed Tinubu has sacked all political appointees of the state.

ENigeria News reports that Vice iral Ibok-Ete Ibas in a press statement released on Wednesday through the office of the Chief of Staff to the istration, said the decision was made under the powers granted by President Bola Tinubu.

Those affected include the Secretary to the State Government, the Chief of Staff, all commissioners, chairpersons, and of boards, agencies, commissions, and parastatals, as well as all special advisers, special assistants, and senior special assistants.

The statement directed the suspended officials to hand over to the permanent secretaries in their respective ministries, departments, and agencies (MDAs).

Where no permanent secretary is in place, the most senior director or head of istration will assume leadership.

SOURCE: https://enigerianews.com/vice-iral-ibok-ete-ibas-sacks-all-rivers-political-appointees/

ENigeria News has obtained audited financial statements of the Tony Elumelu-led United Bank for Africa (UBA), which exposed how the lender lost a whopping sum of $3.15 million to fraudsters who hacked and diverted the said sum to separate s.
In a statement released to ENigeria News on Monday, the Tony Elumelu-led UBA Plc reported a profit after tax of ₦766.6 billion ($493 million), upscaling its 2023 fiscal year earnings of N607.7 billion. However, a deep analysis by this newspaper pointed out that, while the bank concentrated on areas where it performed well, it failed to also explicitly asterisk other key denominators contained in its report to the Nigeria Stock Exchange (NGX).

For instance, according to its latest audited financial report for the year ending 2024, sent to the NGXfiscal, UBA Plc lost ₦4.9 billion ($3.15 million) worth of transactions that were linked to fraudulent activities during the year in view, with 23% translating into actual losses. Electronic fraud ed for the largest portion, costing the bank ₦805 million ($518,000), while fraudulent transfers led to ₦314 million ($202,000) in losses—88% of the value involved in such cases.

United Bank for Africa (UBA) lost ₦1.14 billion ($744,200) to fraud in 2024, even as the Nigerian lender reported a profit after tax of ₦766.6 billion ($493 million), according to its latest audited financial statements. The losses, primarily from electronic fraud and unauthorized transfers, highlight the ongoing battle Nigerian banks face against rising fraud.

UBA disclosed that ₦4.9 billion ($3.15 million) worth of transactions were linked to fraudulent activities in 2024, with 23% translating into actual losses. Electronic fraud ed for the largest portion, costing the bank ₦805 million ($518,000), while fraudulent transfers led to ₦314 million ($202,000) in losses—88% of the value involved in such cases.

Its losses highlight how susceptible even the most successful Nigerian banks are to fraud, regardless of the fact that the said sum only makes up a small portion of UBA’s record-breaking yearly profit.

However, while UBA’s post-tax profit of ₦766.6 billion ($493 million) represents a noteworthy 26% rise over 2023’s ₦607.7 billion ($391 million), ENigeria News reports that the reviewed data further confirms that the Tony Elumelu-led bank may be far from an actual breakthrough in its technical drive towards curbing fraudulent activities within the bank, unlike the image it paints to the public.

UBA’s disclosure—the first from the bank since 2012—comes at a time when Nigerian banks are under increased pressure to fight fraud. For instance, according to data released by Fitch, Nigerian banks lost ₦10.1 billion ($6.7 million) to fraud in Q3 2024, a 76.4% decline from the previous quarter, according to a Financial Institutions Training Centre (FITC) report. Yet, the rising sophistication of fraudsters continues to pose a challenge to even the most robust security systems. According to the FITC report, outsider involvement in fraud cases surged by 70.4% between Q2 and Q3 2024, while staff-related fraud increased by 54% during the same period.

“There is no fraud involving management or other employees who could have any significant role in the bank’s internal control,” UBA said in its financial statements.

The rise in fraud incidents comes amid broader financial pressures in Nigeria’s banking sector. In January, the Central Bank of Nigeria directed NIBSS to debit the settlement s of commercial banks that receive fraud proceeds, a move aimed at forcing banks to tighten internal controls and curb illicit financial flows.

UBA’s disclosure marks a shift toward transparency in Nigeria’s banking sector, where many institutions still choose to downplay fraud risks for fear of suffering reputational harm. Only 60 of 163 financial institutions in Nigeria reported fraud cases in 2023, according to a Nigeria Inter-Bank Settlement System (NIBSS) report. As financial crime grows more sophisticated, regulators and banks have their work cut out: strengthen controls while maintaining customer trust.

SOURCE: https://enigerianews.com/tony-elumelu-led-uba-plc-loses-fresh-3-15-million-to-fraudsters/

Indications have emerged that Peter Obi and the Obidient Movement abandoned Doyin Okupe while he was sick and needed them the most.

ENigeria News reports that a controversy has since been brewing on social media following a statement credited to Isaac Balami, a former Labour Party chieftain who accused Peter Obi and the Obidient Movement of abandoning Chief Doyin Okupe at his lowest moment as he battled ill health and went broke on his sick bed.

ENigeria News understands that Doyin Okupe, who died a few weeks ago, was reportedly down with severe illness while serving as the Director General of Peter Obi’s campaign in the 2023 general elections.

A source within the family noted that late Okupe battled health challenges even while campaigning for Peter Obi, and most of his personal resources went into his health issues. According to the source, “Most of his resources had been taken away during his battle with the EFCC. Dr. Okupe needed and help from where he worked as he struggled to fix his medical problems. He didn’t get enough for his very expensive medical care.

“However, President Bola Ahmed Tinubu reached out and gave him more than where he called home at his most trying time.

“It was purely his personal decision to leave the Labour Party to where he found love. Most of you attacking and insulting him would do the same, if not worse,” the source noted.

Isaac Balami Accused Peter Obi, Obidients of Abandoning Okupe in his Sick Bed

ENigeria News reports that Isaac Balami, a former National Deputy Campaign Manager of the Obi/Datti Campaign in 2023, lamented that the late Okupe served wholeheartedly as director-general of Peter Obi’s campaign but was deserted when he fell ill.


Balami, whose statement has fueled heated arguments on Twitter, made the comment during a service of songs held in honour of the deceased politician last Saturday.

He said, “When his son was speaking, everything he said was correct except one thing that he did not say very well,” Mr. Balami said. “He said when you offend Dr. Doyin Okupe and you genuinely ask for forgiveness, he will forgive you. Dr. Doyin Okupe was in pain—people that he gave his all for deserted him, betrayed him, lied against him—yet he forgave them.”

“He was deserted by the people he worked with. At some point, I reached out on his behalf. They never called him or asked how he was feeling.”
Mr. Balami recounted how the late Mr. Okupe spent his personal money on the LP presidential campaign, yet was neglected when he fell ill.

“The only campaign I have ever been to, I was the campaign manager nationwide, and Dr. Okupe was the DG of the campaign. We had N100 million available for that day. Dr. Okupe put all the money on the table, and all the directors would sit, and he would distribute the money. After the campaign, he was left in debt. He never went anywhere, even though the campaign had billions. He paid for them himself,” Mr. Balami said.

“After a six-hour flight, he crawled to the car after major surgery. They saw him in pain, but 18 months later, they still never called him. The same people can’t even say a word to acknowledge that he was a good man. The few Obidients insulting this man on Twitter, Facebook, and Instagram are very ignorant,” he added.

Balami’s statement followed a series of criticisms hauled at the deceased by aggrieved Obidients who felt that he abandoned Peter Obi after he lost the election.

You would recall that both Balami and Okupe had since left the Labour Party after the 2023 election results were announced. The Labour candidate came in third, according to results announced by the Independent National Electoral Commission (INEC). While the former defected to the ruling All Progressives Congress (APC), the latter did not publicly announce defection to any political party but became sympathetic to the ruling party and President Bola Ahmed Tinubu.

Source: Desmond Ike-Chima... https://enigerianews.com/how-peter-obi-abandoned-doyin-okupe-on-sick-bed/