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Corruption Saga : EFCC Grills Lagos Speaker, Mudashiru Obasa

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Following extensive investigations which began over three months ago, strong indications have emerged that the Economic and Financial Crimes Commission (EFCC) has commenced interrogation of Rt. Hon. Mudashiru Obasa; the Speaker of Lagos State House of Assembly (LSHA) over alleged cases of misappropriation and abuse of office involving siphoning of hundreds of millions of naira belonging to LSHA. Obasa is being interrogated for misappropriating funds meant for projects and legislative operations and acquisition property located in Lagos and abroad through illicit funds estimated to be several millions of naira. Credible sources at the EFCC claimed Obasa arrived at the Lagos Office of the anti-graft agency on Thursday, 8th October to face panel of interrogators who understandably will confront him with evidence of misappropriation and outright stealing through multiple bank personal accounts as well as other bank account linked to his companies and network of cronies including a lady believed to be his personal assistant. The lady is believed to have served as channel through which huge sums of funds belonging to the LSHA were laundered for acquisition of property abroad.

Popular online media Sahara Reporters had in series of publications detailed the sleaze involving Obasa, members of his family and cronies whom Obasa awarded questionable contracts on behalf of LSHA and who in turn served as agents of his numerous corrupt dealings. As member and subsequently Speaker of LSHA, Obasa operated over 60 bank accounts and engaged in award of contract to his personal companies and those of his cronies through which he defrauded LSHA to the tune of several millions of naira. It is recalled that civil society organizations in Lagos has on several occasion demanded investigation of Obasa by anti-graft agencies. In June, a coalition of civil society organizations staged protests at the EFCC office in Ikoyi; demanding investigations into allegations of corruption at the Lagos State House of Assembly. Investigations by Sahara Reporters which was corroborated by record of the Supreme Court of Nigeria revealed Obasa may not have qualified as a lawyer in spite of his claim to have been called to Nigerian Bar on account of which he attended a number of forums in Nigeria and abroad to represent LSHA and Lagos State Government.
While details of evidence EFCC operatives at the Ikoyi Office will use in confront Obasa are still sketchy, sources however indicated that the lady who served as Obasa’s personal assistant has revealed much about her involvement in fraud perpetrated by the Speaker. The lady and a couple of other cronies who were said to have been interrogated for days at the Lagos Office of the EFCC may have provided useful information about illicit transactions running into several millions of Naira which were laundered on behalf of the Speaker Mudashiru Obasa.
Anti-graft operatives are also believed to have interrogated scores of bank officials linked with the transactions as well as number of vehicle dealers who provided information on transactions that established fraudulent dealings by the Speaker. Notably, investigations may have revealed how funds belonging to LSHA were diverted into acquiring several houses in different locations in Lagos. Investigations into Obasa’s string of houses which are believed to be ongoing may have revealed how Obasa acquired no fewer than hundred house most of which are Agege area of Lagos as well as other locations of choice in Lagos metropolis.

It is not immediately clear if any member of LSHA has so far been implicated apart from the Speaker. However, there are indications that a number of Obasa’s accomplices cooperated with the EFCC during investigations by providing credible leads on the huge fraud perpetrated at the LSHA. While Obasa’s interrogations at the Lagos Office of EFCC may continue for the new few days, there is however strong indication that prosecution of the head of Lagos legislative assembly may commence soon after the interrogation.

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Update : Road Crash: Anthony Joshua Hospitalised, Two Confirmed Dead — Ogun Police Spokesperson

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Former heavyweight champion Anthony Joshua has been hospitalised after a road accident in the Makun area of the Lagos-Ibadan Expressway, Ogun State.

Ogun State Police Public Relations Officer, Babaseyi Oluseyi, confirmed this in a statement.

The incident occurred shortly after 11 am on Monday.

Our reporter, who was at the scene, said the crash happened just before the Danco Filling Station in Makun, ahead of the Sagamu Interchange on the Ibadan-bound axis.

Adeniyi Orojo stated that the Lexus Jeep carrying Joshua, with number plate KRD 850 HN, collided with a stationary truck.

The eyewitness revealed that Joshua sustained minor injuries, while two others died at the scene.

“It was a two-vehicle convoy: a Lexus SUV and a Pajero SUV. Joshua was seated behind the driver, with another person beside him. A passenger sat beside the driver, making four occupants in the Lexus that crashed.
His security detail followed in the vehicle behind.

“Other eyewitnesses and I began the rescue and flagged down oncoming vehicles for help. Minutes after the crash, Federal Road Safety Corps officials arrived. The passenger beside the driver and the person beside Joshua died on the spot,” he said.

In a statement sent to Newsthumb on Monday, Oluseyi confirmed that Joshua and other injured persons were involved in a car accident and rushed to an undisclosed hospital.

He said, “The Ogun State Police Command confirms a road accident today in front of Sinoma, before Danco, along the Lagos–Ibadan Expressway. Anthony Joshua and other injured persons have been rushed to the hospital.

“Further updates will be communicated.”

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Tinubu Leaves Nigeria for Europe, UAE to Attend ADSW 2026 Summit, Says Onanuga

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President Bola Ahmed Tinubu departed Lagos on Sunday, December 28, for Europe, continuing his end-of-year break and ahead of his official trip to Abu Dhabi, in the United Arab Emirates.

His Highness Sheikh Mohamed bin Zayed AlNahyan, President of the United Arab Emirates, has invited President Tinubu to participate in the 2026 edition of Abu Dhabi Sustainability Week (ADSW 2026) Summit, which will take place in the emirate early in January.

The weeklong summit is an annual event that mobilises leaders from government, business, and society to chart the next era of sustainable development.

With the theme “The Nexus of Next: All Systems Go”, ADSW will connect ambition with action across innovation, finance, and people, showcasing how the world can move forward with confidence.’

The President will return to the country after the Summit.

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BREAKING: Fayose Alleges N45.5bn from N50bn Ibadan Explosion Fund Diverted by Makinde for Political Ambitions

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Former Ekiti State Governor, Ayo Fayose, has released what he described as documentary evidence to support his claim that Oyo State Governor, Seyi Makinde, received N50 billion from the Federal Government as a special intervention fund following the January 2024 explosion in Ibadan.

Fayose made the documents public on Sunday in a statement accompanied by a memo from the Office of the Accountant-General of the Federation.

He said the disclosure followed a challenge by Makinde to substantiate his earlier claim that the Oyo State Government received the funds.

“Two days ago, I stated on national television that Oyo State under Governor Seyi Makinde received N50bn from the Federal Government as intervention for the Ibadan explosion. Yesterday, the governor asked me to provide evidence, and here is the evidence he requested,” Fayose said.

The former governor further alleged that only N4.5 billion was disbursed to victims of the explosion, accusing Makinde of diverting the remaining funds for personal political ambitions.

“Only N4.5bn was paid to victims of the Ibadan explosion. The rest, alongside other intervention funds, was diverted to fund his presidential ambition. This, in part, explains the crisis in the PDP and his frequent attacks on President Bola Ahmed Tinubu and his administration,” he alleged.

Fayose further said he was compelled to release official documents, despite his reluctance to do so, in the interest of transparency and public accountability.

“Even though it is not in my character to go public with official government documents, I had to do this so Nigerians will know who is saying the truth and who has not been sincere with the people of Oyo State,” he said.

The former governor said that Makinde’s alleged disclosure of detail from private meeting with President Tinubu made fuller public disclosure necessary.

He challenged the governor to take legal action if he believed the allegations were false, insisting that he had sufficient proof to defend his claims.

“I challenge Governor Seyi Makinde to sue me on this. There are also proofs of other intervention funds received from Tinubu’s administration by the Oyo State Government which the governor refused to disclose to the people,” he said.

He further claimed to have documentary evidence of Oyo State’s actual Internally Generated Revenue, contrary to figures publicly stated by Makinde, noting that he would release the details at a later time.

“There are documentary evidences on the actual Internally Generated Revenue (IGR) of Oyo State, as against Governor Makinde’s claim, but we will keep our gunpowder dry for now.

“My name is still Ayo Fayose. I don’t say what I can’t prove,” he said.

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