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Akingbola Opposes EFCC’s Attempt To Tender Evidence Against Him

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Akingbola, Managing Director of the defunct Intercontinental Bank Plc, on Friday opposed the move by the Economic and Financial Crimes Commission (EFCC) to tender statements of accounts from Access Bank.
The accounts allegedly linked Akingbola to the alleged fraud.
Through his lawyer, Wole Olanipekun (SAN), the embattled former MD said the statements could not be tendered because they were freshly sourced.
This, according to the senior advocate, contravenes proceedings for criminal trials that mandate all investigations in a criminal case to be concluded before the case is filed in a court of competent jurisdiction.
The 10-year-old trial witnessed a heated argument between the prosecuting counsel, Rotimi Jacobs (SAN), and the defence team.
The defence team also contended that the anti-graft agency could not substitute a witness in the case.
Akingbola’s 10-year-old trial reopened last month, after it had journeyed all the way to the Supreme Court and back.
He was re-arraigned on March 13, 2019 on further amended 22 counts, wherein he was accused of using N179bn belonging to the defunct Intercontinental Bank for “fictitious transactions.”
Among other allegations, the EFCC also claimed that Akingbola granted loans to a number of companies without adequate securities.
But the ex-bank chief pleaded not guilty.
At Friday’s proceedings before Justice Mojisola Olatoregun, the prosecution called its third witness, Uyoyou Ewhe, an Access Bank official, and sought to tender through him the statements of certain accounts opened in Access Bank.
Jacobs told the court that he settled for Ewhe to tender the documents “because the intended witness who was to tender the documents, we were told, has left the bank and is no longer in the country.”
But the lead defence counsel, Olanipekun, opposed him, contending that the documents were only freshly sourced.
“The prosecution was sourcing for evidence two days ago in a trial that started 10 years ago,” Olanipekun said.
Citing the case of Enahoro and the Queen of 1965, Olanipekun further contended that the prosecution could not substitute a witness.
“You cannot substitute a witness in a criminal proceeding; substituting a witness amounts to sourcing for evidence contrary to the decision of the Supreme Court in the celebrated case of Enahoro against the Queen of 1965.
“If you don’t have your witnesses, you don’t have your witnesses; you cannot substitute witnesses,” he said.
He also urged the judge not to admit the documents on the basis that they emanated from Access Bank, which he said was an interested party in Akingbola’s trial.
“Section 83 of the Evidence Act prohibits admissibility of this type of document. We have addressed Your Lordship on the interest of Access Bank in this matter, which is undisguised.
“This witness, the maker of this document, is an official of Access Bank. Put succinctly, this document is an Access Bank document. And I daresay, the documents were made as a result of evidence already given, may be to patch up the evidence; it is a natural consequence which the court is called upon to assume.”
But countering Olanipekun, Jacobs said, “The question of substituting a witness does not arise, and even if it arose, the prosecution is not limited to the list of witnesses in the proof of evidence originally filed.”
He said in the case of Enahoro, which Olanipekun cited, “the Supreme Court did not decided that witnesses cannot be changed.”
As to the argument that the documents sought to be tendered were freshly made, Jacobs said by virtue of the Administration of Criminal Justice Act, the prosecution was at liberty to file additional evidence any time before judgment.
He added that the documents were old statement of accounts of 1990.
“It is just the letter covering the documents and the certificate showing compliance that are new. It is new bottle with the old wine,” Jacobs said, stressing that the documents were relevant to the case.
After hearing both sides, Justice Olatoregun adjourned till April 18 for ruling.

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Tinubu @ 3: How REA Is Expanding Energy Access to Support Nigeria’s $1 Trillion Vision

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For decades, achieving economic independence in Nigeria has been limited by a fundamental deficit: access to reliable electricity.

In rural and peri-urban communities, often referred to as the “last mile,” small businesses, agro-processors, and households have historically survived on costly, polluting petrol generators or lived in complete darkness. However, a silent revolution has been taking place across the country. Led by the Rural Electrification Agency (REA), decentralized renewable energy solutions are systematically closing the energy gap. Driven by bold policy shifts and unprecedented private sector funding, the REA’s mini-grid solutions are not just illuminating homes, they are serving as a critical infrastructure backbone to catalyze the Central Bank of Nigeria’s (CBN) ambitious target of achieving a $1 trillion economy.

This rapid transformation underscores the strategic vision of the current administration. As President Bola Ahmed Tinubu marks his third year in office, this milestone stands as a testament to his administration’s foresight. By recognizing early on that the fragile national grid could not single-handedly carry the weight of Nigeria’s industrial ambitions, the President prioritized decentralized energy solutions to intentionally ease the burden on the national grid.

Of notable mention is Mr President’s appointment of Dr. Abba Aliyu as the Managing Director of the REA. Abba’s appointment has injected a much-needed dose of technocratic competence, corporate governance and execution speed into the agency, effectively turning a bottleneck into a launchpad for national growth.

Historically, the mention of the REA in Nigeria’s public discourse was frequently tied to headlines of systemic corruption, contract inflation, and abandoned projects. For years, the agency operated as a black box where public and international donor funds vanished into ghost electrification schemes, leaving rural communities in perpetual darkness.

Today, transparency has become the order of the day. At the heart of this institutional transformation is the deployment of advanced digital data platforms including the REA Project Monitoring and Performance Hub (MPH), the Nigeria SE4ALL web platform, and specialized tracking architectures managed alongside data partners like Odyssey. By utilizing real-time IoT (Internet of Things) remote monitoring and data portals, the REA tracks precisely how much power is generated and which communities are connected. This data-first architecture ensures full accountability to international donors, eliminates ghost projects, and guarantees that disbursements are strictly tied to verified performance.

Under the leadership of Dr. Abba Aliyu, Nigeria’s off-grid sector has undergone a massive structural shift, moving from a heavy reliance on imported technology to becoming a regional manufacturing powerhouse. Driven by deliberate government policies aimed at de-risking private capital, Nigeria’s installed local solar panel production capacity has skyrocketed from 120 megawatts (MW) to approximately 300MW.

With an additional 3.7 gigawatts (GW) of capacity currently in the development pipeline, Nigeria is fast positioning itself to anchor West Africa as a renewable energy manufacturing hub. Locally manufactured solar panels are already being exported from industrial corridors like Lagos to regional neighbors like Accra, Ghana.

This domestic manufacturing surge is underpinned by a groundbreaking regulatory environment. The Nigerian Electricity Regulatory Commission’s (NERC) Mini-Grid Regulations have expanded the allowable capacity for interconnected mini-grids to 10MW. By defining exactly how mini-grids interact with the main national grid, Nigeria has established one of the most progressive and investor-friendly regulatory frameworks in Africa, one that is currently being studied and replicated by countries like Mozambique, Benin Republic, Burkina Faso, and Niger.

At the center of REA’s current aggressive rollout is the Distributed Access through Renewable Energy Scale-Up (DARES) programme, widely recognized as the largest publicly funded renewable energy access initiative globally.

DARES is an ambitious $750 million initiative structured to pull an additional $1.1 billion in private sector investments through a results-based financing model. Under this mechanism, private developers must fully mobilize and deploy their own capital to build functioning energy infrastructure before unlocking financial incentives.

The impacts of the DARES initiative are aggresively mapped toward radical socio-economic transformation, aiming to provide clean, reliable electricity to over 17.5 million Nigerians, power over 2.5 million households across the federation, and launch 1,350 mini-grids, including 250 interconnected systems.

As at today, over 1000 mini grids are being developed across the country. Additionally, 48 Interconnected mini-grids are being deployed that will inject additional 288MW of clean reliable capacity are being deployed in collaboration with 11 Distribution Companies.

The REA has gone further to unlock private finance through partnerships with institutions like FCMB, Lotus Bank, and the International Finance Corporation (IFC), creating an expansive, decentralized energy ecosystem capable of sustaining itself long after public funds are exhausted.

The expansion of last-mile electrification directly intersects with macroeconomic objectives. The CBN’s blueprint for a $1 trillion economy relies heavily on boosting productivity in agriculture, expanding MSMEs (Micro, Small, and Medium Enterprises), and scaling up local manufacturing. The REA’s mini-grid solutions act as an economic multiplier for this vision in three distinct ways.

Firstly, it unlocks the agricultural value chain.

A significant portion of Nigeria’s wealth resides in its rural agrarian communities, which suffer from high post-harvest losses due to a lack of cold storage and processing facilities. By deploying solar mini-grids to agricultural hubs, the REA enables the operation of solar-powered mills, irrigation pumps, and cold storage units. This transitions subsistence farming into a commercialized, high-yield industry, drastically boosting rural GDP contribution.

Secondly, it reduces MSMEs operating costs.

High inflation and currency fluctuations heavily penalize businesses reliant on imported fuel for generators. Replacing petrol and diesel with predictable, cheaper solar energy immediately frees up operational capital for millions of small businesses such as salons, tailoring shops, welding centers, and healthcare facilities. These saved costs are directly reinvested into expanding operations and hiring more local labor.

Furthermore, the scale-up of mini-grid capacities to 10MW allows for the strategic deployment of large solar farms in border towns. This positions Nigeria to engage in cross-border electricity trade, selling off-grid power to neighboring West African border communities. This opens up entirely new foreign exchange revenue streams, strengthening the Naira and boosting regional trade volumes in line with sub-regional economic integration goals.

In addition, the REA signed a $700,000 Memorandum of Understanding (MoU) with the Economic Community of West African States (ECOWAS) Commission to electrify healthcare centers and 15 public universities across the Federal Capital Territory (FCT), Niger, and Nasarawa states. This initiative has already begun yielding tangible results, with active projects rolling out across institutions like the Federal University of Technology, Akure (FUTA).

The Rural Electrification Agency’s mini-grid solutions have evolved beyond basic social welfare into a primary driver of industrialization and economic formalization. By taking electricity to the last mile, the REA is activating trapped economic potential in regions that the traditional grid could not reach.

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Eid-el-Kabir: Let’s Peace, Unity And Selflessness Be Our Watchword, Olowu Urges Muslim Ummah, Nigerians

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Olowu of Kuta, HRM Oba Dr Hammed Makama Oyelude, CON, Tegbosun iii, has urged muslim Ummah and Nigerians to let peace , unity and selflessness be their watchword as the world observe the Eid-el-Kabir

The reverred monarch in his sallah message said Eid-el-Kabir remains a highly spiritual occasion that calls for dedication, commitment, and selflessness.
According to him, ” this is the time to reflect on the going on around us and preach messages of hope and unity devoid of any provocation.”
Oba Makama urged Nigerians to live together peacefully, irrespective of religious, political, and tribal affliation.
While calling on politicians to exercise restraint and refrain from any rhetoric that may inflame passion as we approach 2027 general elections, Oba Makama said what should be uppermost in the mind of every patriotic Nigerian is “Country first.”
The monarch, while wishing every Nigerian a peaceful celebration, maintained that people should be vigilant and not be overwhelmed by the insecurity, adding that armed forces and other para military forces are working round the clock to ensure hitch free celebration.
” The price wise men pay for eternal liberty is to be vigilant. I urged everyone to be moderate in celebration and reach out to the less privileged, widows and orphans “as our brothers and sisters keeppers,” Olowu added.

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Tinubu Emerges APC Presidential Candidate After Nationwide Direct Primary

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….President Tinubu polls 10,999,162 votes, declared winner.

The ruling All Progressives Congress (APC) has declared President Bola Ahmed Tinubu the winner of its presidential primary election ahead of the 2027 general elections.

The party commenced the collation of results from its nationwide presidential shadow election at the Bola Ahmed Tinubu International Conference Centre in Abuja following the conclusion of voting on Saturday, May 23.

In a significant shift from the delegate-based system often associated with controversy, the APC adopted a direct primary method for the exercise. The election was conducted simultaneously across the party’s 8,809 wards in the 36 states and the Federal Capital Territory (FCT).

Under the direct primary system, all registered members of the party were eligible to vote for their preferred presidential aspirant, a move party leaders described as part of efforts to strengthen internal democracy and encourage wider grassroots participation.

The final stage of the process is being supervised by a seven-member Presidential Primary Election Committee chaired by former Senate President, Senator Anyim Pius Anyim.

Other members of the committee include former Senate President Ken Nnamani, Grace Titi Laoye-Ponle, former Speaker of the House of Representatives Yakubu Dogara, former Kogi State Governor Idris Wada, and Sanusi Musa, who serves as the committee secretary.

The atmosphere at the Bola Ahmed Tinubu International Conference Centre remained charged as governors, party chairmen, and designated collation officers arrived to present certified results from their respective states before the Anyim-led committee.

Governors coordinating the exercise in their states took turns presenting the official results as the party concluded the nationwide primary process.

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