Connect with us

News

FG Recovers $1bn Via Beneficial Ownership Data

Published

on

The Federal Government, yesterday, disclosed that 70 per cent of corruption cases are perpetrated by persons who use anonymous companies and that over $1billion has been recovered by governments using beneficial ownership data.
The Minister of Trade and Investment, Otunba Adeniyi Adebayo, made this disclosure in Abuja at the media presentation of Nigeria’s Road to Beneficial Ownership Transparency of the 2021 Open Government Partnership (OGP) Week.
Adebayo, who was represented by his Permanent Secretary, Dr Nasir Sani Gwarzo, also said that when the register of companies is completed, it will help government in decision-making, especially around awards of contract permit and licences.
“It will help decision makers to quickly determine who benefits from the operations and profits of the company so as to avoid conflict of interest or manipulation,” he said.
According to him, the journey to establish a public register of beneficial owners commenced in 2016 at the London Summit on Anti-Corruption where President Muhammadu Buhari joined the Open Government Partnership (OGP).
“At the time of this declaration in 2016, there was no legal framework to commence the implementation of the beneficial ownership disclosure in Nigeria. This necessitated the amendment of Companies and Allied Matters Act (CAMA) which the president signed in August 2020, paving way for the commencement of implementation of disclosure principles.
“The Companies and Allied Matters Act 2020 has provisions dealing with disclosure of Persons with Significant Control (PSC) who have, at least, five per cent of voting equity holding or voting rights and who are ultimate beneficial owners of such registered entities to disclose such interest”, he said.
In his welcome address, Minister of Budget and National Planning, Clem Ikanade Agba, disclosed that the Global Support Unit of the Open Government Partnership through the Multi-Donor Trust Fund awarded a grant of $400,000 to Nigeria.
“This grant is managed by the World Bank and we are at the final stages of documentation for the release of this grant,” he said.
The minister further noted that the OGP Multi-Donor Trust Fund, Open Government Partnership with the support of development partners and working together with World Bank, established the OGP Multi-Donor Trust Fund (or the MDTF) to support World Bank client countries and local entities that participate in OGP or intend to become eligible to participate in OGP.

Continue Reading

News

PDP Kicks As APC Wins FCT Council Polls

Published

on

The Peoples Democratic Party (PDP) has inaugurated a special legal team to handle election petitions arising from last Saturday’s Area Council elections in the Federal Capital Territory.

This comes as the All Progressives Congress (APC) won in Abaji, Kwali, AMAC, and Bwari Area Councils, while the PDP secured victory only in Gwagwalada.

The Tide reports that the council elections were held on Saturday, February 21, 2026, across all six FCT area councils, including Abaji, AMAC, Bwari, Gwagwalada, Kuje, and Kwali.

Results announced so far by the Independent National Electoral Commission (INEC) show that the All Progressives Congress (APC) won in Abaji, Kwali, AMAC, and Bwari Area Councils, while the PDP secured victory only in Gwagwalada.

In a statement issued yesterday by PDP’s National Publicity Secretary, Ini Ememobong, the party congratulated its candidates, who emerged winners in the chairmanship and councilor elections.

The opposition party acknowledged the victories, noting that the number of wins was lower than expected but significant given the alleged irregularities during the polls.

“We specifically congratulate the Chairman-elect of Gwagwalada Area Council, Mohammed Kasim, and the councillors who have been declared successful by the Independent National Electoral Commission (INEC).

“This victory, though less in number than we anticipated, is particularly gladdening because it is against the background of unprecedented intimidation, high-powered money politics, and brazen executive brigandage,” the statement read.

Ememobong claimed that there are reports and video evidence indicating voter intimidation and unlawful conduct that influenced the outcome of the elections.

“Reports and video evidence abound where armed security personnel were used to cart away result sheets in polling units, intimidate voters, and unduly influence the outcome of the elections.”

To address complaints and litigations arising from the polls, he said the party has set up a legal team headed by its National Legal Adviser, Shafi Bara’u, Esq.

The statement urged candidates with legitimate grievances to contact the Legal Adviser promptly, as delays could jeopardise their chances in election petition cases.

“The incredible voter apathy in these polls is a direct response to the anti-people Electoral Act 2026, where the people have completely lost faith in the electoral outcomes from elections conducted under this Act.

“These Local Council polls may just be a foreshadowing of the forthcoming general elections in 2027 if changes are not urgently made,” the statement added.

The PDP called on the National Assembly and the President to take corrective action to safeguard the integrity of Nigeria’s democracy.

 

Continue Reading

News

S’Court Gets New Justice As CJN Swears In Oyewole, Wednesday

Published

on

The Chief Justice of Nigeria, Kudirat Kekere-Ekun, will on Wednesday swear in Justice Joseph Oyewole as a Justice of the Supreme Court of Nigeria.

The ceremony is scheduled to be held at 2pm at Courtroom Two of the Supreme Court complex in Abuja.

The court urged guests to adhere strictly to the court’s protocols and security measures.

This was contained in a statement issued yesterday by the Supreme Court’s Director of Information and Public Relations, Dr Festus Akande.

The court described Oyewole’s appointment as a step towards reinforcing the capacity of the apex court to deliver fair and timely judgments.

Recall that Oyewole was, until his elevation, a Justice of the Court of Appeal and Presiding Justice of the Enugu Division, and joins the apex court bench as part of ongoing efforts to strengthen the judiciary.

The National Judicial Council recommended Oyewole for the position alongside 35 others for various judicial offices, following its 110th meeting held on January 13, 2026, and presided over by Justice Kekere-Ekun.

The statement partly read, “The Chief Justice of Nigeria, Hon. Justice Kudirat Kekere-Ekun, GCON, will on Wednesday, 25th February, 2026, preside over the swearing-in ceremony of the newly appointed Justice of the Supreme Court, Hon. Justice Joseph Olubunmi Kayode Oyewole, JCA.”

According to the statement, Oyewole served with distinction at the Court of Appeal and as Presiding Justice of the Enugu Division prior to his elevation.

“His appointment underscores the commitment of the Nigerian judiciary to upholding the rule of law, ensuring justice, and strengthening the bench with experienced and dedicated jurists. He brings a wealth of legal expertise and integrity to the apex court to further enhance its capacity to deliver fair and timely judgments,” the statement added.

The apex court further described the swearing-in as “another significant step in rejuvenating the judiciary and ensuring the continued delivery of justice in line with the highest standards of integrity, competence, and impartiality.”

The Supreme Court reiterated its commitment to justice, fairness and judicial independence for the benefit of Nigerians.

Continue Reading

News

Fubara Mourns Senator Mpigi

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has expressed deep shock and sadness over the sudden passage of  Senator Barinada Mpigi, the Senator representing  South East Senatorial District of Rivers State.

In a tribute to mourn the deceased, Governor Fubara described Mpigi as a brother, a consummate politician and one of the leading lights in Rivers State.

He said that Mpigi died at a critical time when his services were still needed by the people of Rivers  State and prayed God Almighty to grant him eternal rest.

The governor  commiserated with his immediate family,  the Rivers South East Senatorial District and the Senate at large, asking them to take solace in the fact that the deceased lived a good life and impacted positively on the people.

Senator Mpigi died  at the age of 64. Until his death, he was the Chairman of the Senate Committee on Works.

Continue Reading

Trending