News
Akingbola To Forfeit N626bn, 8 Houses, Others – EFCC
The Mareva order granted against the wanted former Group Managing Director of Intercontinental Bank Plc, Mr. Erastus Akingbola, would see him forfeiting, temporarily, to the Federal Government, about N626 billion, eight houses, nine companies and 12 bank accounts.
This is even as the Economic and Financial Crimes Commission (EFCC) again sealed off his property at 2, Bedwell Road Ikoyi, Lagos on Wednesday.
Commission’s spokesperson, Mr. Femi Babafemi, confirmed the sealing off of the property.
The Mareva order issued by a London court and a federal high court sitting in Lagos covered all his properties worldwide.
All the items listed by the commission were covered by the order.
His property at 12, Ruxcon Road, Ikoyi, Lagos was sealed off on Tuesday which signaled the commencement of the execution of the Mareva order.
In the Mareva sum contained in the order, N346 billion was listed in local currency while 1,085,575 British pounds was also listed as alleged proceeds of crime.
The order restrained Akingbola and members of his family from coming in contact with the said property until it is lifted.
In the schedule 11 of the order, assets listed included, property at Milverton Road, Ikoyi, 26, Chester Terrace London, 8 Connaugh Street, London, 65 Gove-End Road, London, Amazing Grace Plaza, Ligali Ayorinde Street, Victoria Island among others.
Companies listed in the order included Tropics Securities, Tropics Property, Tropics Holdings, Summit Finance Company, Tropics Finance and Investment Company, Yankuri Nigeria Ltd, Regal Investment, Bankinson Nigerian Ltd and Associated Discount House Ltd among others.
Some of the bank accounts included accounts with numbers 0001200000029420, 0001210000005334, 0111-001-000352735 and 0111-001000- 352745 domiciled with Intercontinental Bank.
Fifteen cars and five dogs were found on the property sealed off on Tuesday.
In the property listed in his name in the court order, he is said to own 10 properties in Ikoyi ansd Victoria Island, Lagos alone.
The commission’s guards now watch over the seized property.
It was also gathered that the commission’s chairman, Mrs Farida Waziri had written to all banks where Akingbola has accounts for the transfer of same to the government.
Other banks where he has accounts included Access Bank, Zenith Bank, Skye Bank, Fidelity Bank and Intercontinental U.K.
Security agencies abroad where Akingbola has properties and bank accounts, had also been contacted for the same measure of treatment for the former banker.
While the Lagos order was granted on the last day of 2009, the London court had granted its, on 23rd December, 2009.
Some of the assets to also be frozen were Nos 17, 18, 19, 20 on Finchey Road, London as well as the property located at 26, Chesire Terrace, London.
Properties said to have been owned by him in Accra, Ghana and Dubai, United Arab Emirates, were also listed for forfeiture.
The Group Managing Director/Chief Executive Officer, Oceanic Bank, Mr. John Aboh, has said the bank concluded staff rationalisation exercise December last year, stressing that it has no plan to sack any of his workers in the new year.
Speaking against the backdrop of insinuations that the bank had carried out fresh disengagement of staff, Aboh explained that it was unfounded and a premeditated attempt by people to derail the consistent progress being recorded by the bank.
According to him, last year rationalisation was to drive operational efficiency in the organisation, noting that it had become imperative to alert customers and shareholders on true situation.
“I urge our esteemed customers, shareholders, and the entire banking public to disregard such reports. Oceanic Bank is making steady progress with its recovery efforts and the trends before us show promising prospects and enhanced value creation for all stakeholders.”
The Oceanic Bank boss explained that prior to the bank’s staff rationalisation exercise, the bank was expending over N4 billion monthly on salaries and wages to a workforce of over 20,000 people.
“We had to implement the painful process of staff rationlisation to streamline the workforce along the line of the current business realities otherwise we will be deploying depositors’ funds to sustain the bloated workforce. The vision we have is to grow the business to ensure consistent value creation for our customers and shareholders.”
News
Red Cross Unveils New Generation Of Humanitarians In PH
The Nigerian Red Cross Society (NRCS), Rivers State Branch, has expanded its humanitarian footprint in Rivers State with the formal inauguration of student volunteers at Command Children School (CCS), Bori Camp, Port Harcourt, marking a significant step in promoting humanitarian values among young Nigerians.
The ceremony, which took place at the school premises, officially admitted CCS students into the Nigerian Red Cross Society.
The Rivers State Branch Representative of the Red Cross Society, Mr Noah Idegbesor, disclosed this in his opening remarks at the occasion.
In a symbolic display, the students marched to the flag stand alongside members of the high table and the Branch Representative, where the Red Cross flag was hoisted, signifying the school’s full induction into the Nigerian Red Cross Society.
With the flag raised, CCS was formally declared a member institution of the NRCS.
As part of the inauguration, a certificate of affiliation was presented to the school by the Nigerian Red Cross Society and received on behalf of the school by the Head Teacher, Mrs Onwuzuruigbo Taiwo.
Speaking as Chairman of the occasion, the Acting Director, Nigerian Army 6 Division Education Services, Port Harcourt, Lt. Col. A. Sadiq, described the event as very unique and significant.
Represented by Staff Sergeant Arisa Eberechi, the Director assured of the support of his team in ensuring success of the endeavour.
Also speaking, the Chairman of the Parents Teachers Association (PTA) of the school, Mr Zuru Daniel, said the establishment of the Red Cross unit in the school was a welcome development and assured of the support of the body to ensure its sustainability.
The event also featured a parade by the volunteers, freewill donations from dignitaries and parents in attendance, underscoring community support for the humanitarian initiative.
Speaking earlier, the Head Teacher, Mrs Onwuzuruigbo Taiwo, described the inauguration as an emotional and fulfilling moment.
“It was awesome. We thought it would not be possible, but today it was glorious,” she said.
Taiwo explained that the school’s participation in the Red Cross Society began when management decided to introduce clubs and societies.
“I told my assistant that I wanted the Red Cross to be one of them. The Red Cross signifies many things; it is service to humanity,” she added.
Also, the Assistant Head Teacher, Mrs Bawo Agbana, expressed appreciation to dignitaries, officials of the Nigerian Red Cross Society and parents for their support and presence.
The Assistant Head Teacher (Administration) described the programme as overwhelming and exciting, expressing gratitude to God for its success.
She said the school’s decision to embrace the Red Cross Society was driven by the need to instill values of love, kindness and service in children from an early age.
“Our impression of the Red Cross is being good to people, showing love and kindness. As the children grow, we want to build the spirit of humanity in them so they can show love and care in school, their communities and Nigeria at large,” she said, adding that early training was crucial given current challenges in the country.
She also delivered the closing remark, after which a photo session was held with the newly inaugurated student volunteers.
Other dignitaries at the occasion include Chairman, Python Officers’ Mess, 6 Division, Port Harcourt, Chief Dan Harrison, and the Sualla 1 of Adagbabiri Kingdom, Chief Col. K. Agbana (Rtd.),
Speaking in an interview at the event, 10-year-old primary five pupil, Precious Ote, said she volunteered to join the Red Cross Society because of her desire to help and care for people.
Similarly, 11-year-old Eno Marvellous of Primary Four expressed excitement at becoming a member of the Red Cross Society, noting that her hope is “to save” lives.
The inauguration highlights ongoing efforts by the Nigerian Red Cross Society to nurture a culture of volunteerism, compassion and humanitarian service among schoolchildren in Port Harcourt and beyond.
News
IPOB Orders Total Cancellation Of Sit-At-Home In S’East
The proscribed Indigenous People of Biafra (IPOB) has ordered the total cancellation of the Monday sit-at-home across the South-East, with effect from today.
This was disclosed by the IPOB spokesperson, Emma Powerful, in a press statement issued yesterday.
He said that the directive came directly from the leader of the group, Nnamdi Kanu.
Recall that the pro-Biafran group declared the sit-at-home in August 2021 as a way of protesting the rendition of Kanu to Nigeria and his subsequent incarceration. During the exercise, markets, schools, banks and offices remained shut.
Powerful said that with the current directive, there is no need, excuse or justification for anyone to stay at home on Mondays, adding that markets, schools, offices, transport services and economic activities must resume fully and normally from Monday.
The statement read in part, “The IPOB, under the supreme leadership of Nnamdi Kanu, hereby announces to the entire world that the Monday sit-at-home across the South-East is officially and permanently cancelled with effect from tomorrow, Monday, February 9, 2026.
“This directive comes directly from Onyendu Mazi Nnamdi Kanu himself, who has once again staked everything on the line to ensure that our children return to school every Monday and that our people go about their lawful businesses without fear, intimidation or molestation.
“Any person in doubt should visit Sokoto Correctional Centre to confirm with him. We can no longer hide under ‘Onyendu cannot be reached to confirm’ to persist with our recalcitrance or docility. Monday sit-at-home is over. That era is gone!
“There is now no need, excuse or justification for anyone to stay at home on Mondays. All markets, schools, offices, transport services and economic activities must resume fully and normally from tomorrow. This is the clear and unequivocal order of the Supreme Leader of IPOB.”
Kanu, the statement said, “has made it abundantly clear that any individual or group attempting to enforce sit-at-home from this moment forward is acting against his direct command. Such persons are enemies of our people and the Biafran cause. They will be pursued to the ends of the earth and confronted until they are completely defeated.”
The group noted that some people are attempting to create fear, stage attacks or intimidate people into staying indoors under false flags.
“Let it be known that any person or group identified as enforcing or enabling sit-at-home will be confronted wherever they are. Our people must remain vigilant, calm and law-abiding.
“At the same time, IPOB wishes to make it clear that no state governor has the right to threaten, demolish or forcibly shut down the businesses of traders who, out of conscience, choose to sit at home in solidarity with our leader.
“Any attempt by Governor Soludo or any other governor to intimidate our people with demolition threats or forced market closures will be firmly resisted,” the statement added.
According to the group, any renovation, reconstruction or improvement of markets that involves temporary relocation must be carried out only with the consent of all stakeholders, adding that adequate temporary trading sites must be provided before any such projects commence.
“Our enemies have in the past succeeded in instigating crises and planting seeds of discord among our people. We must not allow them to succeed again. We are one people, united by a common destiny. Our struggle is for freedom, dignity and justice for all, not just for Biafrans.
“We therefore call on all our people across the South-East to come out tomorrow, open their shops, go to work and send their children to school without fear.
“The era of Monday sit-at-home is over,” the statement concluded.
News
Agency Seals 11 Fuel Stations In PH Over Fraudulent Transactions
No fewer than 11 petroleum filling stations have been sealed in Port Harcourt by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for various regulatory infractions.
The filling stations were shut down during the Authority’s ongoing surveillance initiative tagged ‘Operation One Litre for One Litre,’ in Port Harcourt.
The enforcement followed allegations of under-dispensing, faulty pumps and other practices considered detrimental to consumers.
Regional Coordinator of NMDPRA, South-South, Engr. Victor Owhodiasa, made this known during the monitoring exercise in Port Harcourt, last week.
He said the operation was designed to protect consumers and ensure they receive full value for their money when purchasing petroleum products.
Owhodiasa noted that although fuel prices are now largely market-driven, consumers must not be short-changed at the point of sale.
According to him, the affected stations were found to be dispensing below approved tolerance level or operating with failed pumps and generators.
He explained that claims of faulty equipment during inspection were treated with suspicion, leading to the sealing of such facilities until defects are fully rectified.
Owhodiasa stressed that any outlet dispensing outside the approved bandwidth would remain sealed until full compliance is verified.
He warned that filling stations found to be habitual offenders risk losing their operating licences.
Owhodiasa added that the enforcement team conducted spot checks along major routes in Port Harcourt, including Azikiwe Road, and would continue random inspections across the city.
He called on members of the public to report suspected cases of under-dispensing by filling stations, assuring that the Authority would promptly act on such complaints.
By: King Onunwor
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