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
NDLEA Intercepts Drugs Hidden In Clothes, Garri
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted consignments of cocaine and various opioids concealed in walls of cartons used to package cloths and other items going to the United Kingdom and Australia.
Spokesman of the agency, Femi Babafemi, in a statement shared on X yesterday confirmed the interdiction.
According to him, “The two seizures were recorded at a courier company in Lagos on Friday 15th May 2026 during examination of shipments going to the UK and Australia.
“A total of 170grams of cocaine sealed in cellophane parcels and buried in the walls of a carton of cloths heading to Australia were recovered.
“A wide range of opioids including: 200 ampoules of pentazocine injection; 1,100 capsules of tramadol and 100 ampoules of promethazine injection were recovered from another carton which has United Kingdom as its final destination”.
“In FCT Abuja, NDLEA operatives on Monday 11th May arrested a 29-year-old businessman Ogadi Peter who specializes in producing drug laced cakes and cookies for parties and social gatherings in the capital city.
“Following credible intelligence, he was traced to his home in Life Camp area of the FCT where he was nabbed while 800grams of skunk and 2.70kg drug laced cookies recovered from him”.
“In Delta state, NDLEA operatives on Sunday 10th May, raided Ejeonu village in Ukwuani local government area where they destroyed 27,500 kilograms of skunk on 11 hectares of farmland and recovered 22.9kg of same substance while a 52-year-old suspect Ifeanyichukwu Peter was arrested in a follow up operation at Obiaruku.
“A similar raid in Orogun village, Ughelli North LGA on Tuesday 12th May led to the destruction of 37,500 kilograms and recovery of 55.4kg of same psychoactive substance on 15 hectares of farm as well as the arrest of 30-year-old Godwin Vincent Osadera.
“This brings the total weight of skunk destroyed by NDLEA operatives supported by soldiers in the two operations to 65,000 kilograms”.
“In Kaduna State, 361kg of skunk was recovered during a raid operation at Dan Magaji area of Zaria town on Wednesday 13th May. and a suspect Husaini Suleiman, 42 ,was arrested.
“A large cache of military-grade ammunition was intercepted by NDLEA officers on patrol along Abuja-Kaduna highway, Kaduna on Tuesday 12th May.
“A suspect, 35-year-old Abdullahi Hassan was caught conveying the 1, 989 rounds of RLA 7.62mm concealed in fresh white cassava granules locally known as garri.
“Both the suspect and exhibit have since been transferred to another security agency for further investigation’.
Also, a total of 181kg skunk was recovered from a suspect Aliyu Sani when NDLEA operatives raided the Ogere area of Ogun state on Wednesday 13th May, while another suspect Sufiyanu Mohammed Misa, 27, was arrested with 105,850 pills of opioids including tramadol, diazepam and exol-5 along Zaki- Biam road Wukari LGA, Taraba state on Thursday 14th May.
In Oyo State, two suspects: Adeleke Olamide Aliyah, 20, and Aloba Abdulazeez, 25, were arrested on Thursday, 14th May at Challenge II, Saki town, in connection with the seizure of 99 litres of skuchies.
NDLEA also said a total of 1,388.4175 kilograms of skunk were destroyed on two farms on Friday, 15th May when NDLEA officers raided Ago forest, Orhionmwon LGA, Edo state.
A 25-litre jerry can of palm oil used to conceal 1.2kg pills of tramaking 225mg was recovered from Kofar Ruwa motor park in Kano on Monday, 11th May following credible intelligence while a suspect Aminu Isa, 35, was arrested at Sabuwar Sharada area of the state same day with 30.5kg skunk.
The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands equally continued across the country in the past week including: WADA sensitization lecture delivered to students and staff of The Apostolic Church Model College, Ijokodo, Ibadan Oyo State; School of Health Technology, Lambata, Niger state; Yewa Junior High School, Agege, Lagos; Government Secondary School, Yardaje, Katsina; Igogo Commercial High School, Igogo Ekiti and Government Girls Secondary School, Magwan, Kano state; among others.
While commending the officers and men of DOGI, Delta, Kaduna, Oyo, Taraba, Kano, FCT and Edo Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.
News
Five Die In Abuja Building Collapse
No fewer than five persons have been confirmed dead after a three-storey building under construction collapsed in the Durumi 3 area near Gudu Market in the Abuja Municipal Area Council of the Federal Capital Territory on Saturday morning.
Ten other persons were rescued alive from the rubble, according to the media aide to the Minister of the Federal Capital Territory, Lere Olayinka, who provided an update on the incident via his X handle on Saturday.
Olayinka further stated that the Mandate Secretary of the Health Services and Environment Secretariat of the Federal Capital Territory Administration, Dr Adedolapo Fasawe, who visited the site, disclosed that the Minister of the Federal Capital Territory, Nyesom Wike, had directed that “all casualties be given free medical treatment.”
According to him, emergency responders continued efforts to evacuate more victims believed to be trapped beneath the rubble.
Officials of the Federal Fire Service, health workers, security agencies and local volunteers were at the scene working to rescue victims.
Recall that in April, six persons were injured following a similar collapse of a two-storey building under construction in Jikwoyi within the AMAC area.
News
Odu Charges Newlyweds To Build Marriage On Love
Rivers State Deputy Governor, Prof. Ngozi Odu, has charged newlywed couples to build their marriages on the virtues of love as taught in the Word of God.
Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt at the weekend.
This was contained in a statement by the Head of Press, Deputy Governor’s Office, Owupele Benebo last Saturday.
The statement identified the bride as the daughter of Pastor Sunny Cookey, the Founder and Presiding Pastor of Lifegate Ministries.
The deputy governor congratulated the couple on a new phase of life, and prayed for God’s blessings upon their union, noting that the couple were raised by godly parents and encouraging them to uphold the Christian values instilled in them.
Referring to the sermon delivered during the ceremony, Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.
According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.
She prayed for enduring peace, happiness, and progress in their home, expressing confidence that the marriage would continue to flourish under God’s guidance.
The deputy governor commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.
In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.
According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.
He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.
Drawing from the biblical parable of building a house on a rock, Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.
He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.
The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.
The ceremony had many ministers in attendance including Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo.
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