News

‘We Don’t Know Beneficiaries Of CBN Covid-19 Fund’

Published

4 years ago

July 30, 2021

Former member of the House of Representatives, Hon Leonard Dilkon, has described the Covid-19 fund distribution by the Central Bank of Nigeria (CBN) as a scam.
He noted that Nigerians who benefitted from the fund were only seen on television but yet to be visible.
Dilkon disclosed this, yesterday during the Annual General Meeting of Nigerian Medical Association (NMA), Plateau State, held at the Crest Hotel, Jos.
“I think the issue of Covid-19 fund is a scam, I want to say that it is a scam. Who are the people that have benefitted from this fund?
“I am a practising farmer, I am a former member of the House of Representatives, we just see it on television, I am challenging the Central Bank of Nigeria (CBN) to come out and tell us those that have benefitted from the Covid-19 fund.”
He noted that Nigerians might have benefitted from the CBN Covid-19 fund, but the beneficiaries are yet to be visibly seen as it was an exercise on television.
Dilkon, who delivered a paper titled, “Medical Community and Entrepreneurship”, encouraged doctors to be dedicated to their duties particularly now that Covid-19 is ravaging the world and admonished them to engage in agriculture to make money for themselves.
Former Vice Chancellor of the University of Jos, Prof Sabastine Maimako, who spoke on the theme “Demystifying the myth around the Covid-19 Vaccine”, urged medical doctors in the country to engage in massive Covid-19 vaccine to end the conspiracy against the Covid-19 vaccine.
He noted that citizens of Nigeria worked based on the advice of medical professionals and where some medical doctors are yet to take the vaccine gives room for the current conspiracy.
Maimako said billions of Naira were donated by individuals, organisations and philanthropists into the Covid-19 trust fund and advised that the resources, if properly used would grow the economy of the nation.
The Chairman, Nigerian Medical Association (NMA), Dr Innocent Emmanuel, said the occasion provides room for stakeholders and members of the association to discuss and improved on the welfare of the association.
He explained that the AGM titled, “Demystifying the myths around the Covid-19 vaccine” also provide opportunity for stakeholders to demystify the myths behind the ravaging virus.
“The theme of the AGM, ‘Demystifying the myths around the Covid-19 vaccine’, is serving as the most appropriate topic for discussion as we battle a disease whose biology we are yet to understand as it continues to exert a heavy toll on lives and livelihood.
“The enigma presented by the rampaging virus is compounded by a conundrum of myths that if not demystified will leave a trial of regrets and consequences of ravaging proportion.”
He said the zeal and drive of the current officials towards improved welfare for members continues to burn brightly.

News

EFCC Indicts Banks, Fintechs In N162bn Scams

Published

1 hour ago

January 23, 2026

The Tide

The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank, six Fintechs and some microfinance banks in major financial scams by allowing fraudsters to launder huge sums of money.

Director of public Affairs of the Commission, Mr Wilson Uwujaren, made this known at a press briefing at the commission’s headquarters in Abuja, yesterday.

According to him, the compromised institutions allegedly allowed cryptocurrency transactions worth N162 billion to pass through without proper due diligence within the 2024/2025 financial year.

He said that the financial institutions clearly compromised banking procedures and allowed the fraudsters to safely change their ill-gotten gains into digital assets and move them to safe destinations.

“A total sum of N18.1 billion was moved through the financial system without due diligence of customers by the banks.

“It is worrisome that investigations by the commission showed that cryptocurrency transactions to the tune of N162 billion passed through a new generation bank without any due diligence.

“Investigations showed that a single customer maintained 960 accounts in another new bank and all the accounts were used for fraudulent purposes.

“That is bad news but the good news is that following our intervention the commission has been able to recover N33.62 million, which has been returned to some of the victims.”

He explained that the scams were in two categories, adding that the first was a syndicate of fraudsters that employed an airline discount scheme to lure their victims.

He said that they advertised a discount system for the purchase of flight tickets of a particular foreign carrier.

“The payment module is designed in such a way that the victims’ payment is actually made into the account of the airline.

“After payment is made the passenger’s entire funds in his bank account are emptied.

“Investigations showed that more than 700 victims have been scammed so far, with a loss of N651 million,” he said.

According to him, investigations show that the scheme is being masterminded by a foreign national; the commission has so far recovered and released N33 million to victims of the fraud.

He said that another scheme involved a company named Fred and Farid Investment Limited, simply called FF investment, which lured Nigerians into a bogus investment arrangement.

“More than 200, 000 victims have been defrauded in this regard. A total sum of N18 billion was raked in through nine companies offering diverse investment packages.

“The companies are: Credio Banco Limited; Deliberty Rock Limited; Liam Chumeks Global Service; Ngwuoke Daniels Technology; and Icons Autos and Import Merchant.

“Others are : Newpace Technology Services Limited, Primepath Ways Ventures Limited, Kaka Synergy Network Limited and Sunlight Tech Hub Services Limited.”

He said that foreign nationals were behind the schemes, while there are three Nigerian accomplices who have been arrested and charged to court.

He said that the masterminds were on the run and efforts are being made to bring them to book.

“The Commission is calling on regulatory bodies to bring financial institutions to compulsory compliance with regulations in the areas of Know Your Customers (KYC), Customer Due Diligence (CDD), Suspicious Transaction Reports (STRs) and others.

“Deposit Money Banks, Fintechs, Micro Finance Banks found to be aiding and abetting fraudsters should be suspended and referred to the EFCC for thorough investigation and possible prosecution.

“Negligence and failure to monitor suspicious and structured transactions by banks should no longer be allowed,” he said.

While cautioning members of the public to be wary of these actors, he said that the EFCC would continue its works against money laundering by fraudulent actors.

Uwujaren urged financial institutions to firm up their operational dynamics and save the nation leakages and compromises bleeding the economy.

News

Group Advocates Indigenous Language Sustainability, Calls for Policy Action

Published

4 days ago

January 19, 2026

The Tide

A pan-Nigeria organisation committed to the promotion and preservation of indigenous languages, Indigenous Language and Culture Promoters (ILCP), has called for the deliberate development and compulsory teaching of indigenous languages in both primary and secondary schools across the country.

The group made the call during its maiden Congress held in Bori, Rivers State, which was convened to examine challenges hindering the official adoption and effective teaching of Ogoni languages in schools.

Speaking at the Congress, the Executive Director of the organisation, HRC Mene Magnus Edooh, Amb.P, emphasised the critical role of indigenous languages in preserving a people’s culture, values and history. He warned against the gradual extinction of native languages, noting that language loss equates to identity loss.

“Years ago, Latin was a language of global relevance, but today it is largely extinct. We do not want Ogoni languages to suffer a similar fate. As a people, we cannot afford to lose our identity through the death of our languages,” Edooh said.

He explained that the Indigenous Language and Culture Promoters was established to collaborate with language stakeholders to ensure that children and younger generations remain connected to their mother tongues. The organisation also appealed to governments at all levels, as well as relevant institutions and individuals, to take strategic actions aimed at promoting and sustaining Nigeria’s indigenous languages.

Also speaking, the newly appointed Director of Media and Information, Prince David N. Gbarato, questioned the rationale behind government reluctance to accord indigenous languages their rightful place in national development policies.

According to him, “People with well-developed languages are people with well-developed indigenous systems and affairs,” stressing that language development is fundamental to cultural and societal advancement.

The Congress further served as a platform for the ratification of key officers of the organisation and featured the participation of representatives from various indigenous language groups and other language stakeholders, all of whom echoed the call for renewed commitment towards safeguarding Nigeria’s linguistic heritage.

News

Rivers Boundary Commission Steps In to Resolve Okoloma–Ban-Ogoi Land Dispute

Published

4 days ago

January 19, 2026

The Tide

As part of deliberate efforts to promote peaceful coexistence and prevent communal conflict, the Rivers State Boundary Commission has intervened in the long-standing boundary dispute between Okoloma (Afam) Community in Oyigbo Local Government Area and Ban-Ogoi Community in Tai Local Government Area of the state.

The intervention followed a stakeholders’ meeting convened by the Commission at the Government House, Port Harcourt, on Friday, January 16, 2026. The meeting was aimed at setting up a technical committee that will work towards an amicable and lasting resolution of the land dispute between the two neighbouring communities.

Speaking at the meeting, the Deputy Governor of Rivers State and Chairman of the Rivers State Boundary Commission, Prof. Ngozi Nma Odu, stressed the importance of peace, dialogue and mutual understanding in resolving boundary-related disagreements. She urged all parties to approach the process with sincerity and restraint, noting that sustainable peace can only be achieved through constructive engagement.

Prof. Odu advised the communities to emulate the peaceful disposition and leadership style of Governor Siminalayi Fubara by presenting their grievances and petitions without bitterness or rancour, assuring them of the Commission’s commitment to fairness and justice.

She also expressed satisfaction with the presence of the Chairmen of Tai and Oyigbo Local Government Areas at the meeting, describing it as a clear demonstration of their resolve to maintain peace and harmony between the affected communities.

In their separate remarks, the Chairman of Oyigbo Local Government Area, Dr. Okechukwu Akara Nwaogu, and his Tai Local Government Area counterpart, Hon. Mbakpone Okpe, reaffirmed their commitment to ensuring peaceful coexistence among their people. They emphasized that peace is critical to attracting development and investment to the area.

Both council chairmen commended the Rivers State Boundary Commission for its proactive intervention, expressing optimism that the establishment of a technical committee would pave the way for a fair and enduring resolution of the dispute.