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N13bn Cash Discovery: Fayose Faults NIA’s Ownership Claim …Says Cover-Up Rubbishes FG’s Anti-Graft War
The Ekiti State Governor, Mr Peter Ayodele Fayose, has faulted claims by the National Intelligence Agency (NIA), that the N13 billion cash just discovered at Osborne Towers, Lagos, belongs to the agency.
Fayose alleged that the claim was nothing but a cover-up, stressing that the development has only succeeded in rubbishing the Federal Government’s anti-graft war.
He said: “Yesterday (Saturday), it was made public that the National Intelligence Agency (NIA) claimed ownership of the $43,449,947, £27,800 and N23, 218,000 seized on Wednesday by the Economic and Financial Crimes Commission (EFCC) from Osborne Towers, a luxury residential complex in Ikoyi, Lagos.
“This, to my mind, is one cover-up too many, and this Federal Government’s seeming plot to protect the original owner of both the money and the apartment where it was found has further shown that the anti-corruption fight is political, selective, and therefore, a ruse.”
Fayose urged Nigerians to recall that “I have consistently maintained that the APC-led Federal Government was not fighting any corruption. Rather, the government is using the anti-corruption fight as a major political tool to cripple opposition and turn the country to a one party state.”
“Therefore, for once, the Federal Government should operate with the mind-set that Nigerians are no fools. They are capable of asking questions, and they are already doing that. Some of the questions being asked are ,who is the owner of the apartment in which the money was found?, does the apartment also belong to the NIA?, if the apartment belongs to the NIA, when was it bought and from whom?, if the apartment does not belong to the NIA, from whom and when was it rented?, how could a whistle-blower be aware of movement of money into one out of many apartments in a building without knowing the owner of the apartment?, if truly the NIA was carrying out a “covert operation” as claimed, was President Muhammadu Buhari not briefed of the so-called “covert operation” when he took over power?, Was the National Security Adviser (NSA), whose office controls all intelligence agencies, including the EFCC and DSS not aware of the “covert operation”?, Was there any security presence at the vicinity of the apartment to suggest that it was being used as warehouse for over N13 billion cash belonging to the NIA?, Does NIA need an unprotected apartment to keep such huge sum of money purportedly meant for “covert operation”?, How much was released for the so-called “covert operation”, how much has been spent and to whom was account rendered up to date?
“As for me, the script being acted on this discovered cash is a cover-up that will mar the EFCC and the Federal Government. It is a movie well scripted for some alawada (comedians) but acted so badly. It is a major test of the integrity of the APC government’s so-called anti-corruption fight, and the earlier the proponents of the cover-up plot come back to their normal senses and tell Nigerians who owns the apartment in which the money was found, the better for them.
“In the last few weeks, we have been served with dramas of recovery of funds by the EFCC. N49 million in cash ranging from N200 to N50 was said to have been found in Kaduna Airport and was promptly “arrested” by EFCC officials. But up till now, Nigerians have not been told the identities of those who brought the five sacks in which the cash was found into the airport despite the presence of CCTV cameras at the airport.
“EFCC also fed Nigerians with tales of recovery of N448,850,000 cash from a shop at Legico Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. We were told that the shop had not been opened for two years, and one wonders how the cash got into the shop. Up till today, EFCC is yet to tell Nigerians the identity of the owner of the shop, and Nigerians are asking whether or not the Legico Shopping Plaza, is not owned by anyone and the owner of the Plaza won’t be able to identify his or her tenant.
“As for this latest drama, which has boomeranged, even though we know that the APC-led Federal Government has the capacity to sweep it under the carpet like many others before it.
Nigerians will have it on record that they are being ruled by a government of “the more you look, the less you see,” Fayose added.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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