Nation
Failed Banks: Odili, Lafiagi, Others Fingered
Senators on Tuesday named Nigerians who abused their positions in banks, borrowed loans worth N53.3 billion, and refused to pay them back, which made the banks to go under.
A report presented to the senate by its committee on banking, insurance and other financial institutions listed a former governor, a former managing director of banks as contributors to such collapse.
A letter dated June 27, 2008 sent by the Nigerian Deposit Insurance Cooperation (NDIC) to the senate NDIC committee attached a list of ‘insider credits’ of 13 closed banks as at June 2008.
But it noted that in view of the fact that the accounts are insider related, the records are constantly reviewed and reconciled.
Those listed include former Kwara State Governor, Mohammed Lafiagi (N1,156,776.57 unlimited personal guarantee); Sanusi Ado Bayero (N45,003,963.93); former Gulf Bank Managing Director, Babajide Rogers (N11,874,216.56); Chrome Services and Related Companies chairman, Emeka Offor (N3,850,016,620) personal guarantee of Offor and 100,000 units of ordinary shares of Environmental Remediation Holding Corporation, USA), and another N3,850,016,620 loan without guarantee.
Victor Odili, N41,103,498.56 – fixed and floating debenture on the assets of the company, N2,628,979.05; N10,856,129.75.
Owner of liquidated All States Trust Bank now Federal Airports Authority of Nigeria (FAAN) chairman, Ebitimi Banigo, Nta Henshaw, and others (N48,551,995,304.83); former Progressive Peoples Alliance (PPA) Governorship candidate Remi Bakare (N1,093,247,535.40); Mike Ajegbo (N210,291,896.21); C.M. Ibeto (N643,340,680.92); and former Information Minister, Dapo Sarumi (N3,847 743.90).
Oluwaogbon Motors chairman, S.O. Bakare (N544,585,269.86 and N21,311,398.59); former City Express Bank chairman, Samuel Adedoyin; former City Express Bank chief executive officer, Sola Adeoti, Former Minister of State for Health, Funke Adedoyin (N5,131,275,864.01); and Angela Onyeador (N30,755,363.13-legal mortgage).
Committee chairman, Nkechi Nwaogu, noted that 50 banks failed because of the huge debts that were never paid, including 36 which crashed before consolidation in 2005, and 14 after consolidation.
But less than two minutes after she read out the list, threatening death text messages flooded her mobile telephone, according to Eyinnaya Abaribe who sat beside her.
Based on the death threats, senate president David Mark, directed the inspector general of police, Mike Okiro, to provide personal security for all the 12 members of the committee immediately.
He lamented that the debtors could go to the extent of threatening the lives of the committee members when they are supposed to be ashamed.
Mark told the committee members: “You have performed wonderfully well and there is absolutely nothing for you to fear because you have done what you ought to do for your country.
“All those sending text messages to you should think twice about what they have done to this country rather than having effrontery to send text messages to you.
“All of us here take collective responsibility for this report. It is not a report from senator Nkechi Nwaogu”

Chairman, Rivers State Council of Traditional Rulers and Oba of Ogbaland, HRM, Eze Chukwumela Nnam Obi (right), with former Head of State, Major-General Muhammadu Buhari as guests at the first Marshall Harry Memorial Lecture in Port Harcourt, last Monday. Chris Monyanaga.
Nation
Kwara Community Residents Flee Over Persistent Bandits’ Attacks
Residents of Omugo Community in Ifelodun Local Government Area of Kwara State have deserted their homes due to persistent bandit attacks.
The Tide’s source reports that the once lively community has turned into a ghost town with only a few domestic animals left.
Reports indicate that the recent bandits’ attack on the Omugo ECWA Church via Oro-Ago, led to the abduction of eight worshippers including the wife of the pastor in charge.
Three persons escaped out of the eight abductees with a N1billion ransom placed on the remaining victims in captivity. The community could only gather N1million which was rejected by the bandits.
Last week, the armed bandits invaded Oro-Ago community, killed one vigilante man identified as Baba Ibeji and injured his younger brother known as Ajere.
A Point of Sales, PoS, shop directly opposite the Nigeria Security and Civil Defense Corps, NSCDC, Divisional office, was broken into by the bandits.
The gunmen also attacked the NSCDC office and sprayed bullets on the facility, though no casualty was recorded.
In earlier attacks on Oro-Ago environs, armed bandits ambushed a convoy between Oro-Ago and Oke-Ayan in Ilere district of Ifelodun Local Government Area and killed two local hunters on escort duty.
On Saturday, there was tension in Oro-Ago following a security alert that armed bandits were regrouping to launch fresh attacks on the community.
All security formations were, however, placed on ‘Red Alert’ to forestall the planned attack.
Nation
Acting Provost Dismisses Alleged Missing Equipment Claims at Rivers Health College
The Acting Provost of the Rivers State College of Health Science and Management Technology, Dr. (Mrs.) Peace Chigozirim Amadi has refuted claims circulating in the media suggesting that laboratory equipment went missing from the college.
In a recent statement, Dr. Amadi described the reports—particularly those attributed to certain publications—as false and misleading. She emphasized that all laboratory equipment at the college remain intact.
“I am here to set the record straight. No laboratory equipment disappeared from my college. Nothing is missing,” Dr. Amadi said, challenging anyone with contrary claims to provide evidence, including the names of the equipment and their supposed locations.
She further noted that the college recently underwent an accreditation exercise, during which significant investments were made in laboratory equipment. According to Dr. Amadi, these items are fully accounted for, and the college maintains a robust security system to protect its assets.
“Everything is intact. Nothing disappeared. The information being circulated is false and should be discarded,” she reiterated.
Beyond addressing the allegations, Dr. Amadi also called on media practitioners to exercise professionalism and verify stories before publication. “I want to plead with journalists to always verify their stories. Junk journalism does not help anyone. No matter the information you receive, it is important to hear the other side before publishing,” she said.
While social media posts have occasionally raised concerns about various issues in the region’s health education sector, including extortion and examination malpractice at related institutions, there is no independent evidence from credible news sources confirming that equipment went missing from Rivers State College of Health Science and Management Technology.
The college, a public tertiary institution based in Port Harcourt, Rivers State, is accredited to offer a variety of health-related programs, including Nursing, Midwifery, Laboratory Technology, and Environmental Health. It has consistently emphasized integrity, safety, and transparency in its operations.
Dr. Amadi’s statement seeks to reassure the public, students, and stakeholders that the college remains secure, well-managed, and free from the alleged equipment losses, while urging journalists to prioritize accuracy in reporting.
Nation
HYPREP Reaffirms Commitment to Safe Water Supply In Ogoni
As the world commemorates World Water Day, the Hydrocarbon Pollution Remediation Project (HYPREP) has reaffirmed its commitment to providing potable water across Ogoni communities, in line with the recommendations of the United Nations Environment Programme (UNEP) Report on the Ogoni Environment.
In a statement issued by its Project Coordinator, Nenibarini Zabbey, on March 22, 2026, HYPREP noted that this year’s theme, “Water and Gender,” alongside the campaign slogan, “Where Water Flows, Equity Grows,” underscores its resolve to extend potable water supply beyond oil-impacted communities to all Ogoni communities.
Zabbey emphasized that access to clean water is a fundamental human right, adding that HYPREP remains committed to ensuring inclusive and equitable water access across the region.
He disclosed that the agency has successfully provided potable water to over 43 communities in Ogoni, while ongoing Phase 3 water projects are expected to benefit an additional 17 communities. He also highlighted steady progress on windmill-powered water projects in less populated areas, particularly in Khana Local Government Area.
According to him, the K-Dere Water Project, which is over 99 percent complete, will be commissioned in the coming weeks, even as work continues on other water schemes across Ogoni.
Zabbey further noted that HYPREP’s interventions are aligned with the United Nations Sustainable Development Goal 6, which focuses on ensuring the availability and sustainable management of water and sanitation for all by 2030.
To ensure sustainability, he explained that the agency has adopted a joint management model involving host communities, the Rivers State Ministry of Water Resources and Rural Development, and the Rivers State Small Towns Water Supply and Sanitation Agency (RSSTOWA). He added that Water Consumers’ Associations have been established in communities such as Nchia and Eleme, alongside training programmes conducted in collaboration with non-governmental organisations.
The Project Coordinator stressed the importance of community ownership and protection of water facilities, echoing the call by the Minister of Environment, Balarabe Abbas Lawal, for residents to safeguard the infrastructure provided in their areas.
Zabbey expressed optimism that the ongoing efforts will significantly improve access to safe drinking water, reduce waterborne diseases, and enhance public health outcomes across Ogoni communities.
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