Uncategorized
Update : Nigeria has seized N45bn Looted Funds from identified terrorist financiers, Says Fagbemi

The Federal Government, on Thursday, said it has seized over N45 billion that was illegally looted from the national treasury.
It further disclosed that a number of individuals and entities linked to terrorist activities have been identified and designated, with funds traced to them also confiscated.
The Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, made the disclosure in his opening address at the 40th Technical Commission/Plenary Meeting of the Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA, held at the State House, Abuja.
GIABA is a specialised institution of the Economic Community of West African States, ECOWAS, responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) strategies in West Africa.
In his presentation, the AGF, who spoke on behalf of Nigeria, said the President Bola Tinubu-led government was determined to build on successes that were recorded by past administrations in the country, especially in areas of investigation and prosecution of corruption cases.
He said: “In 2022, we increased the budgets for the Economic and Financial Crimes Commission, Independent Corrupt Practices Commission and National Drug Law Enforcement Agency by almost 95%.
“We now have over 1,500 officers dedicated to investigating and prosecuting money laundering across these three agencies alone.
“These sustained investment has seen increased numbers of investigations, prosecutions and convictions consistently since 2021 with 5,118 investigations, 1,509 prosecutions and almost 500 convictions secured resulting in over 45 billion naira of illicit proceeds seized.
“We have also made progress in tackling the financing of terrorism and in particular, I am pleased that we have identified and designated a number of individuals and entities linked to terrorist activity and seized funds linked to them.
“The Nigerian Financial Intelligence Unit (NFIU), has become a global model and achieved the outcomes envisaged by the passage of its enabling legislation in 2018 which established it as an independent, autonomous unit.
“The Unit has also put in place a number of innovative technologies including the Crime Records Information Management System (CRIMS) which has transformed our approach to intelligence sharing.
“The measures I have outlined and our future ambitions are underpinned by a rigorous analysis of the money laundering, terrorist financing and proliferation financing risks we face as a country,” the AGF stated.
Stressing that there are myriad of challenges facing the West African sub-region, ranging from the threats of illicit financial flow to the existential dangers posed by terrorist groups, the AGF, said there was greater need for enhanced international collaborations.
“As global risks become more complex, and technology more embedded as well as borders increasingly fragile, we must move towards a more tailored approach to responding to this new ML/TF/PF environment.
“I believe that without a truly equitable and effective system for international cooperation, we are fighting the enemy with one hand tied behind our backs.
“I therefore urge GIABA to effectively pursue this mandate on behalf of our member states,” he added.
Meanwhile, in his opening remarks, the Director General of GIABA, Mr. Edwin Harris Jr., said the organisation would continue to offer technical support to Nigeria.
However, the GIABA boss said there was need to restrict the physical movement of criminals and terrorist associates within the sub region.
“In this regard, it becomes a more pressing need that the Secretariat works with member States in enhancing effectiveness compliance that will lead to more actions that create deterrence.
“Over the coming years going into the third round, the Secretariat will work with member States on Assets Recovery that includes all phases that is freezing, seizure, confiscation, management, and disposal with the ultimate goal of denying the criminal the use of the proceed of crimes.
“I urge member States to create a mechanism that takes away profits from criminal activities. This mechanism should now form core part of our fight against Money Laundering and Terrorist Financing and other transnational crimes.
“It becomes more imperative that the mandate of GIABA restricted to fighting Money Laundering and Terrorist Financing in keeping the economies of West Africa safe be visited to include other major component in keeping with emerging trends and current day realities.
“I sincerely think that incorporating Asset Recovery as one of the valuable tools of deterrence in our mandate will add value to our work and serve as major deterrence to criminals whose primary aims are to contaminate our financial system for personal gains.
“It is in this direction GIABA will start a critical conversation with member States and stakeholders in creating a regional sanction regime for the community that will seek to denied, block the movement of the proceed of crimes in the community and also restrict the physical movement of criminals and terrorist associates within the region.
“GIABA member States implement other secondary sanctions within our financial system such as the OFAC and the EU, hence, it is now imperative that we have an ECOWAS sanction that helps curtail the movement and assist in recovery of the proceed of crimes.
“GIABA will continue to work with both financial, development and technical partners to support its members,” he added.
Among dignitaries at the event included the Vice-President of the Financial Action Task Force, FATF, Mr. Jeremy Weil, representative of the President of the ECOWAS Commission, Mr. Mambury Njie, as well as the Director of the Nigerian Financial Intelligence Unit, NFIU, Mr. Tukur Modibbo.
politics
Update : Lagos Crisis: Details on how DSS interfered in legislative affairs in LSHA, says Hon. Ogundipe.

Our attention has been drawn to a publication by the Department of State Security (DSS) regarding a letter dated 14th February 2025,
“Enhanced Security Measures for LSHA,”
Earlier today, lawmakers and staff of the Lagos State House of Assembly arrived at the Assembly complex to find the offices of the Speaker, the Deputy Speaker, and the Acting Clerk of the House locked and access restricted by operatives of the DSS. Furthermore, the legislative chamber itself was sealed off.
In an apparent effort to justify their actions, the DSS released to the public a letter written by the Acting Clerk of the House, requesting security presence at the Assembly complex.
We wish to categorically state that this is not the first time the House has sought security support from the DSS.
However, it is important to emphasize that in all previous instances, DSS operatives have been stationed at the main gate of the Assembly complex, ensuring that unauthorized persons do not gain entry.
For the avoidance of doubt, at no point did the letter requesting security assistance instruct the DSS to:
– Invade the legislative chamber
– Lock and restrict access to the Speaker’s office
– Lock the office of the Acting Clerk
– Lock the Deputy Speaker’s office
The events of today raise serious concerns about undue interference in legislative affairs. The sanctity of the Lagos State House of Assembly was undermined by armed DSS operatives who actively obstructed lawmakers from performing their constitutional duties.
This act amounts to an infringement on the independence of the legislature and a direct assault on democratic governance.
We reiterate that the lawmakers of the Lagos State House of Assembly have taken a decisive and lawful step in the removal of the former Speaker, Mudashiru Ajayi Obasa. We stand firmly behind the leadership of the Rt. Hon. Speaker, Mojisola Lasbat Meranda, and remain resolute in our commitment to enacting laws that foster the development and progress of Lagos State.
We call on all relevant authorities to investigate this unwarranted restriction on legislative activities and ensure that such incidents do not recur.
*E-signed*
Hon. (Otunba) Ogundipe Stephen Olukayode
*Chairman, House Committee on Information, Strategy, and Security*
Uncategorized
Access Bank Lagos City Marathon 2025: A Tribute to Legacy, A Celebration of Resilience

Lagos gears up for the highly anticipated Access Bank Lagos City Marathon on Saturday, February 15, 2025, excitement and emotion run high. This year’s edition is much more than a race, it is a moving tribute to legacy and a celebration of resilience. Under the evocative theme “Miles to Memories,” every stride taken by the runners transforms physical distance into lasting recollections, blending athletic endurance with heartfelt remembrance of a visionary leader.A Race that Transcends the Finish LineSince its inaugural run in 2016, the Access Bank Lagos City Marathon has evolved from a local initiative into a global phenomenon. Originally established by Access Bank in collaboration with the Lagos State Government to promote healthier lifestyles, the event has grown into a symbol of unity, progress, and economic vitality for both Lagos and Nigeria. Today, the marathon not only places Lagos on the global sporting map but also showcases how major sporting events can drive tourism and stimulate business growth. As a Gold Label Marathon certified by the Association of International Marathons and Distance Races (AIMS), it stands as a testament to the powerful synergy between sport, community, and commerce.Local businesses, from hotels and restaurants to vendors and transport providers, thrive during the marathon weekend, benefiting from increased patronage as communities come together to support and celebrate the event. This collective participation reinforces the idea that when people unite around a common purpose, the rewards are shared by all.Honoring a Visionary: Remembering Herbert WigweThis year, the marathon carries added emotional significance. It marks the first anniversary of the passing of Herbert Wigwe, the late Group Chief Executive Officer of Access Holdings PLC, who was a transformative force behind the event. On the morning of February 10, 2024, a tragic helicopter crash claimed the lives of Herbert Wigwe, his wife, his son, and Abimbola Ogunbanjo, the former Group Chairman of the Nigerian Exchange Group PLC. The loss sent shockwaves throughout the nation, leaving an indelible void in the hearts of many Nigerians.Despite the deep sense of loss, Herbert Wigwe’s legacy continues to inspire. In the wake of the tragedy, concerns arose that Access Bank might reconsider its sponsorship of the marathon. Instead, in a poignant gesture of remembrance and commitment, Access Bank, together with the Lagos State Government, has reaffirmed its support for the marathon. This enduring dedication ensures that Wigwe’s dreams and aspirations remain an integral part of every step taken by the runners.
www.accessbankplc.com
“Miles to Memories”: A Journey of Emotion and EnduranceThe theme “Miles to Memories” perfectly encapsulates the spirit of this year’s marathon. It suggests that every mile covered is imbued with personal and collective memories, reminders of challenges overcome, of unity celebrated, and of hope nurtured for a better future. For many participants, the race is a chance to commemorate Herbert Wigwe, whose visionary leadership not only transformed Access Bank but also reshaped the sporting landscape of Lagos. His enduring commitment to community development, healthy living, and economic empowerment continues to serve as a beacon for all who aspire to make a positive impact.Each runner’s journey on the race day acts as a bridge between past and future, where the physical act of running becomes a metaphor for overcoming adversity and building a hopeful tomorrow. The event stands as a tribute not only to athletic excellence but also to the unyielding human spirit that continues to rise in the face of loss.From Humble Beginnings to Global ProminenceWhen Access Bank and the Lagos State Government first partnered in 2016 to host the marathon, their goal was simple: to encourage a healthier lifestyle among Lagosians. Under Herbert Wigwe’s visionary leadership, the event quickly grew in stature. Today, it has attracted over 600,000 registered athletes from 14 countries, establishing itself as one of Africa’s most prestigious road races. This remarkable evolution is a testament to the power of visionary leadership, community engagement, and a relentless pursuit of excellence.The marathon’s growth from a local initiative to a globally recognised event highlights how passion and determination can transform a modest idea into an internationally celebrated movement. Lagos has firmly established itself as a marathon city renowned for its energy, hospitality, and unwavering commitment to progress.Herbert Wigwe’s Vision: A Marathon for Unity & ProgressHerbert Wigwe’s influence on the Access Bank Lagos City Marathon remains as palpable today as ever. During the 2021 edition, he stated:“As one of the leading banks in Nigeria and indeed Africa, it is imperative for us to support the economic and social development of the communities in which we operate. Hence, we have sponsored the Access Bank Lagos City Marathon to make Lagos more attractive to tourists and investors alike. We have also used this platform to create jobs and opportunities for thousands in the state.”These words, imbued with hope and ambition, continue to guide the event. More than merely a race, the marathon has become a living legacy of Wigwe’s unwavering
www.accessbankplc.com commitment to community development and the transformative power of sport. His visionary approach has paved the way for countless initiatives that enrich lives, create employment opportunities, and foster pride and unity among Nigerians.Herbert Wigwe’s legacy is not confined to history, it lives on in the hearts of those he touched and in the strides of every runner who participates in the marathon. His vision for a healthier, more prosperous Lagos inspires all, ensuring that his contributions will never be forgotten. Every cheer from the crowd, every drop of sweat on the pavement, and every moment of reflection during the race stands as a tribute to a man dedicated to progress, unity, and excellence.The Access Bank Lagos City Marathon 2025 is more than a sporting event—it is a movement that transforms challenges into triumphs and distances into memories. It celebrates life, resilience, and the indomitable spirit of a community marching forward, one determined step at a time.Sponsors: The Pillars Behind the MarathonCentral to the success of the Access Bank Lagos City Marathon are its dedicated sponsors. Access Bank, the major sponsor, has remained steadfast in its commitment to community development, ensuring that the marathon continues to be a platform for positive change. In partnership with the Lagos State Government, the event has grown into a major contributor to the local economy and an enduring source of inspiration for athletes and citizens alike.Their unwavering support has been crucial in maintaining the high standards of the marathon, including its prestigious Gold Label status from AIMS. This commitment not only honours Herbert Wigwe’s legacy but also ensures that the marathon continues to inspire future generations to embrace a healthy, active lifestyle while cherishing the memories forged along the way.Community, Commerce, and the Spirit of ResilienceThe Access Bank Lagos City Marathon is a celebration of more than athletic prowess, it is a testament to the power of community and the resilience of Lagosians. The event has consistently demonstrated that when communities unite, remarkable achievements are possible. By boosting local tourism and generating business opportunities, the marathon has had a transformative impact on the city’s economy.During marathon weekend, local businesses such as hotels, restaurants, and retail outlets experience a surge in activity as visitors from around the globe flock to Lagos. At the same time, the event showcases the city’s vibrant culture on an international stage, reinforcing the idea that sport and commerce can work hand in hand to drive progress.
www.accessbankplc.com The Journey Ahead: Legacy, Resilience, and UnityAs runners prepare to take to the streets of Lagos on February 15, 2025, the atmosphere is charged with a profound sense of purpose. The marathon is not just a competition; it is a journey of remembrance and unity, where every stride honors the memory of Herbert Wigwe and every mile becomes a cherished memory. The theme “Miles to Memories” reminds participants that the race is as much about personal triumph as it is about collective resilience and hope.In the face of past tragedies and challenges, the marathon stands as a beacon of hope. It is a day when the nation comes together to celebrate life, honor legacy, and build a future founded on unity and progress. Each runner carries with them the spirit of determination and the memory of a leader who believed in the power of community and the strength of collective ambition.In celebrating “Miles to Memories,” the Access Bank Lagos City Marathon 2025 encapsulates the journey from loss to legacy, from grief to hope, and from memories to future milestones. With the steadfast support of sponsors like Access Bank and the Lagos State Government, this marathon not only delivers an exhilarating athletic challenge but also forges enduring memories that will inspire generations to come.As the starting gun fires and runners take their first steps on the vibrant streets of Lagos, they are not merely participating in
news
BREAKING: Supreme Court dismisses Fubara’s appeal against Amaewhule-led Assembl, Ordering the Representation of 2024 Budget

A five-man panel of the Supreme Court, led by Justice Uwani Abba-Aji, has dismissed an appeal filed by Rivers Governor, Siminalayi Fubara, challenging the leadership of the Rivers House of Assembly under Speaker Martin Amaewhule.
Delivering the ruling, Justice Abba-Aji imposed a cost of ₦2 million against Governor Fubara, payable to the Rivers Assembly as the first respondent and Speaker Martin Amaewhule as the second respondent.
The court’s decision to dismiss the appeal followed the withdrawal of the suit by Fubara’s legal counsel, Yusuf Ali.
With this ruling, the leadership structure of the Rivers Assembly under Amaewhule remains intact.
-
news4 years ago
UPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
news5 days ago
Update : Fubara ordered bombing of Rivers Assembly, I am not under duress I resigned, Says ex-Rivers HoS Nwaeke
-
brand5 days ago
GTCO Plc Releases 2024 Full Year Audited Results …Pays Shareholders Record Dividend of N8.03k for 2024 Financial Year
-
brand6 days ago
ZENITHz BANK MAINTAINS SUPERLATIVE PERFORMANCE WITH PBT OF N1.3 TRILLION IN FULL YEAR 2024
-
news1 year ago
Environmental Pollutions : OGONI COMMUNITY CRIES OUT, THREATENS TO SHUT DOWN FIRSTBANK,SHELL OIL COMPANY OPERATIONS FOR NOT PAYING COURT AWARD
-
news17 hours ago
Breaking : TInubu appoints Bashir Ojulari as new CEO group of NNPC and GMD mele kyari get sacked, Says Onanuga
-
news2 days ago
Tinubu commended Nandap for her leadership, extends Comptroller-General tenure till 2026, says Onanuga
-
interview2 days ago
NIGERIA MECHANIZED AGRO EXTENSION SERVICE PROJECT, A STRATEGIC MOVE TO ALLEVIATE POVERTY – DR. AMINU ABDULKADIR