Author: Festus Adeloye

The Federal High Court in Lagos has ordered the permanent forfeiture of $4.7 million, ₦830 million, and multiple properties linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Yellim Bogoro in a judgment delivered on Friday also ordered the final forfeiture of investments worth $900,000 traced to one of Emefiele’s close relatives, Anita Joy Omoile. The court also ordered the final forfeiture of another $4.4m worth of investment traced to Deep Blue Energy Services Ltd as well as another sum of N283m in Zenith Bank traced to Liman Investment Ltd area, €20,000, and £1,999.50,…

The Chairman of Heirs Holdings, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s economic diversification and development. Speaking on Thursday in Abuja at the Nigeria Petroleum Industry Leadership Discourse, he emphasised the importance of oil revenues in driving industrialisation, energy security, and infrastructural growth. The meeting, convened by Heirs Energies, which is under the aegis of Heirs Holdings, was themed “Nigeria’s Oil Production Growth Roadmap: Acceleration Imperatives”. The gathering brought together key industry players, including representatives from OPEC, SEPLAT, Shell, Oando Energy, the Nigerian National Petroleum Company Limited, and the Nigerian Upstream Petroleum Regulatory…

Former President Olusegun Obasanjo , on Thursday, advised former military president, General Ibrahim Babangida (retd.), not to be unduly worried about critics of his autobiography and what he described as “put him down syndrome.” Obasanjo made this remark at the unveiling Babangida’s autobiography titled, “A Journey in Service,” and the launch of his presidential library on Thursday in Abuja. The former President, who was the event’s chairman, said when he wrote his own book, late Tunji Braithwaite, who he described as his chronic critic, condemned the book without reading it. He said with the autobiography, Babangida had succeeded in documenting…

The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN) has advised the Osun State Government not to proceed with its planned Local Government election scheduled for February 22. Fagbemi argued that “any such election, that may be held, will not only be invalid since the term of office of the elected officials just restored by the judgement of the Court of Appeal will still be running until October 2025, it will also amount to an egregious breach of the Constitution which Governor Adeleke has sworn to uphold.” The AGF, in a statement on Thursday night, appealed “to…

President Bola Tinubu, on Thursday in Abuja, said former Military President, Gen. Ibrahim Badamosi Babangida, showed unusual courage and patriotism by admitting that the late M.K.O. Abiola won the June 12 presidential election in 1993. The President, who was the Special Guest of Honour at the launch of Babangida’s autobiography, “A Journey In Service,” and the fundraising for the IBB Presidential Library Project, saluted the former leader’s contribution to the country’s history and development. General Babangida confirmed for the first time in 32 years that Chief Abiola had won the historic June 12 election based on collated results. The annulment…

Former Military President, General Ibrahim Badamasi Babangida(IBB), has finally opened up on the nation’s adjudged freest and fairest June 12 election. Though Babangida, while speaking at the public presentation of his book, ” A Journey in Service” admitted responsibility for all that happened under his eight- year rule, he shed more lights on the intrigues behind the annulment of the election acclaimed to have been won by Chief MKO Abiola, the defunct Social Democratic Party (SDP) presidential candidate. The former maximum leader noted in the book that he was away in Katsina to commiserate with the Yar’Adua family over the death…

Liverpool’s Premier League title charge was slowed by Aston Villa after a pulsating 2-2 draw on Wednesday left neither side satisfied. Arne Slot’s men open up an eight-point lead at the top of the table over second-placed Arsenal, but the Gunners now have a game in hand over the Reds. Liverpool led through Mohamed Salah but were also forced to come from behind after Youri Tielemans and Ollie Watkins swung momentum in Villa’s favour. Trent Alexander-Arnold’s deflected shot secured a point for the visitors, but it should have been more as substitute Darwin Nunez missed a glorious chance to snatch…

The Lagos High Court sitting in Ikeja has adjourned to April 15, 2025, the alleged defamation case brought by a Senior Advocate of Nigeria, Femi Falana, and his son Folarin, popularly known as Falz, against social media influencer Martins Otse, also known as Verydarkman (VDM). Justice Matthias Dawodu adjourned the case at the instance of Verydarkman after the court received a letter from his legal representatives, the law firm of Deji Adeyanju and partners. In the letter dated February 18, 2025, and written by a counsel in the firm, Nafiu Alagbe, the lawyer asked the court to adjourn the case…

The National Examinations Council on Wednesday announced that it has accredited more schools to write the Senior School Certificate Examination and the Basic Education Certificate Examination in Equatorial Guinea. According to a statement issued by NECO’s Acting Director of Public Affairs, Azeez Sani, the newly accredited schools are located in Bata, the largest city in Equatorial Guinea. The NECO Accreditation Team visited the schools to assess their readiness to write the SSCE and BECE. “The Accreditation Team inspected Classrooms, Laboratories, Libraries, Computer Laboratories, workshops, Examination Halls, Sport facilities and Continuous Assessment as well as adequacy of teachers and school security…

Controversial singer Habeeb Okikiola, commonly referred to as Portable, has surrendered to the Lagos State Criminal Investigation Department in Yaba. Benjamin Hundeyin, the state Police Public Relations Officer, confirmed this in a text on Wednesday, stating, “Portable just turned himself in at the SCID Yaba. We have contacted Ogun State Police Command to come pick him up.”