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EFCC re-arraigns Ladoja for diverting public funds

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The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned former Oyo State Governor Rashidi Ladoja for allegedly diverting the state’s funds.

The re-arraignment followed an amendment to the charge by the commission.

Ladoja was charged with converting N4.7 billion from the state treasury to his personal use.

He was re-arraigned along with his former Commissioner for Finance Waheed Akanbi on 11 counts of money laundering and unlawful conversion of public funds.

In the amended charge, EFCC added that Ladoja allegedly “compelled” a broker to sell the state’s shares.

EFCC alleged that the former governor allegedly did not remit N 1.9 billion realized from the sale of the shares.

The commission told the court that the money allegedly went to Ladoja, his family and friends and was not refunded.

EFCC had closed its case before the amendment, but rather than open their defence, the defendants opted to file no-case submissions.

Moving the no-case submissions on Monday, Ladoja’s lawyer Mr Bolaji Onilenla said EFCC did not make out a prima facie case against his client.

An EFCC investigator, Abubakar Madaki, had testified that the shares, worth N6.6billion, were sold without the state executive council’s resolution.

According to the investigator, Ladoja engaged Fountain Securities as a portfolio manager to sell the shares at a discounted rate, adding that the shares were acquired by McLace Securities.

But, Onilenla faulted Madaki’s evidence, arguing that the evidence he gave should have been given by the banks concerned.

He said documents tendered by the prosecution through Madaki ought to have been certified and tendered by the banks and were therefore invalid.

The lawyer said there were no complaints by the state that the shares were sold illegally.

“We urge the court to hold that there is no prima-facie case against the first defendant and we court to discharge and acquit him accordingly,” Onilenla said.

Counsel for Akanbi, Mr Adeyinka Olumide-Fusika (SAN), said what the prosecution witnesses said in their evidences were not sufficient to ask the defendants to enter a defence.

“We urge the court to uphold the no-case submission of the second defendant,” the SAN said.

But, prosecuting counsel Olabisi Oluwafemi urged the court to order the defendants to open their defence.

He said the evidence given by the prosecution witnesses raises several questions for which the defendants should be called upon to answer.

EFCC accused the defendants of converting N1,932,940,032.48 belonging to Oyo to their personal use through the Guaranty Trust Bank account of a company, Heritage Apartments Limited, despite knowing that it was proceed of crime.

The prosecution said Ladoja removed £600,000 from the state coffers in 2007 and sent it to Bimpe Ladoja in London.

Ladoja also allegedly bought an armoured Land Cruiser jeep with N42 million for himself using public funds.

EFCC said he converted N728,600,000 and another N77,850,000 at different times in 2007, and allegedly transferred N77, 850,000 to Bistrum Investments, which he nominated to help him purchase a property named Quarter 361 in Ibadan, Oyo State capital.

The alleged offence, EFCC said, contravenes sections 17(a) and18 (1) of the Money Laundering (Prohibition) Act, 2004, punishable under sections 14(1), 16(a) (b) and 18(2).

Ladoja and Akanbi pleaded not guilty.

Ladoja was governor from May 29, 2003 to January 12, 2006 when he was impeached. On November 1, 2006, the Appeal Court Ibadan, declared the impeachment null and illegal.

The Supreme Court upheld the decision on November 11, 2009, and Ladajo resumed office on December 12, 2006. He, however, lost a re-election bid.Justice Mohammed Idris adjourned until November 12 for hearing.

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FG Accelerates Contractor Payments, Clears Over 1,240 Claims Below N100 Million

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The Federal Ministry of Finance says it has approved the payment of more than 1,240 contractors across ministries, departments and agencies (MDAs) following a verification and reconciliation exercise on outstanding obligations.

In a statement on Monday, Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to the Minister of Finance, said the exercise was carried out to confirm valid claims and streamline payments.

According to her, contractors with verified claims of N100 million and below were given priority in the latest disbursement.

“The Federal Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Government’s commitment to meeting its financial obligations,” the statement reads.

The ministry said the payments are aimed at easing financial pressure on indigenous firms, particularly small and medium-scale enterprises (SMEs), enabling them to return to project sites, settle workers’ wages, and pay suppliers.

“Contractors prioritised for payment in the most recent batch are those with verified claims in the region of N100 million or less,” Duke said.

It added that more than N700 billion in verified obligations owed to local contractors has been processed in recent months.

The statement noted that about N436.6 billion was processed in May alone, describing it as a sharp increase in payment activity designed to improve liquidity and support economic recovery.

The ministry said prioritising smaller contractors was intended to widen the reach of payments across sectors and regions while sustaining jobs and ensuring the completion of ongoing projects.

It also said the latest disbursement would strengthen confidence among contractors, suppliers, and service providers working with the government.

In January, aggrieved contractors blocked access to the Ministry of Finance, preventing former Minister of State for Finance, Doris Uzoka-Anite, from entering the premises.

Six months later, the Senate set up a committee to engage the ministry over outstanding contractor debts.

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Shettima, Akume Set for Landmark Nigeria–Poland Football Watch Party; Polish Ambassador Praises Preparations — Adeboye

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Preparations have reached an advanced stage for the historic Nigeria–Poland Football Watch Party in Abuja, with the Ambassador of Poland to Nigeria, His Excellency Michal Cygan, inspecting the venue ahead of the event, while Vice President Senator Kashim Shettima, GCON, and Secretary to the Government of the Federation (SGF), Senator George Akume, CON, have officially confirmed their participation.

The landmark event, scheduled for Wednesday, June 3, 2026, at the VIP Lounge of the Moshood Abiola National Stadium, Abuja, is being organized by the Office of the Senior Special Assistant to the President on Grassroots Sports Development, Hon. Adeyinka Anthony Adeboye, in collaboration with the Polish Embassy in Abuja.

During an inspection visit to the venue, Ambassador Cygan met with Hon. Adeboye and members of the organizing committee to assess preparations and inspect facilities ahead of the highly anticipated football viewing experience, which is expected to attract diplomats, government officials, sports stakeholders, youth leaders, football enthusiasts, captains of industry, and members of the international community.

Expressing satisfaction with the level of preparation, the Polish envoy described the venue as a fitting location for an event designed to strengthen friendship and cooperation between Nigeria and Poland.

“I am very happy with the preparation and I truly love the venue. Everything looks ready for a wonderful event,” Ambassador Cygan said.

He noted that the watch party represents more than football, describing it as an opportunity to deepen friendship, cultural exchange, and cooperation between both nations.

“Tomorrow will be about friendship and unity. We are bringing together friends of Poland, members of the diplomatic community, sports stakeholders, and football lovers to celebrate the beautiful game and our growing relationship with Nigeria,” he added.

The ambassador further disclosed that several friends and partners of the Polish Embassy would attend the event, emphasizing the role of sports diplomacy in strengthening international relations and promoting youth engagement.

Adding further significance to the occasion, Vice President Kashim Shettima will attend as Chairman of the Day, while SGF Senator George Akume will serve as the Special Guest of Honour.

Speaking ahead of the event, Hon. Adeboye described their participation as a strong indication of the Federal Government’s commitment to sports development, youth empowerment, national unity, and international partnerships under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“The confirmation of the Vice President and the SGF clearly demonstrates the importance this administration places on sports—not merely as entertainment, but as a powerful tool for youth empowerment, diplomacy, peace-building, economic opportunities, and national development,” Adeboye said.

According to him, President Tinubu’s vision continues to prioritize young people through initiatives aimed at creating opportunities, promoting inclusion, and strengthening grassroots engagement across the country.

“Mr. President believes strongly in the potential of Nigerian youths and understands the transformative role sports can play in creating jobs, promoting unity, and projecting Nigeria positively on the global stage,” he added.

Adeboye also commended Vice President Shettima for his commitment to youth inclusion and national cohesion, noting that his presence would further inspire young Nigerians and stakeholders within the sports ecosystem.

He similarly praised Senator Akume for his continued support for developmental programmes that positively impact youths and strengthen national integration.

Describing the initiative as more than a football gathering, the SSA said the watch party is designed to serve as a strategic platform for friendship, cultural exchange, youth engagement, and bilateral cooperation.

“Football remains a universal language capable of bringing people together beyond borders, religion, and ethnicity. Through this event, we are strengthening relationships and creating a platform for unity, friendship, and international cooperation,” he said.

The initiative follows recent engagements between the SSA’s office and the Polish Embassy focused on grassroots sports development, youth empowerment, sports exchange programmes, and broader bilateral partnerships between Nigeria and Poland.

Guests are expected to begin arriving at 6:45 p.m., while kickoff for the Nigeria–Poland international friendly match is scheduled for 7:45 p.m.

With the attendance of Vice President Shettima, SGF Akume, senior government officials, diplomats, and key stakeholders now confirmed, anticipation continues to build for what many observers are describing as one of Abuja’s most significant sports diplomacy events of the year.

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Tinubu Assures Families of Safe Return, Deploys 1,000 Forest Guards and Tactical Teams to Oyo Forests, Promises Swift Rescue

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….. Tinubu dispatches high-powered delegation to Oyo

President Bola Tinubu on Sunday approved the recruitment of 1,000 forest guards in Oyo State.

He also directed a specialised security unit with advanced rescue capabilities to intensify efforts to free abducted pupils and teachers from three schools in Oriire Local Government Area.

According to a statement signed and released on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, a high-powered Federal Government delegation conveyed the presidential directives to community leaders and lawmakers during a visit to Esiele and Yawota communities in Oriire LGA on Sunday, May 31, 2026.

The delegation also informed leaders that their request for the establishment of a military base in the area had been transmitted to the President for consideration and approval.

The development comes 16 days after gunmen struck communities in the area and took dozens of schoolchildren and their teachers captive.

The delegation was led by the President’s Chief of Staff, Femi Gbajabiamila, and included the National Security Adviser, Mallam Nuhu Ribadu; the Inspector-General of Police, Tunde Disu ; the Chief of Defence Staff, General Christopher Musa; and the Special Adviser to the President on Media and Public Communications, Sunday Dare, Onanuga said.

Addressing residents in both English and Yoruba, Gbajabiamila said the President’s decision to dispatch the nation’s top security leadership to the affected communities reflected his determination to deploy every available resource to secure the victims’ release.

“Mr President is deeply troubled by this incident. Whatever it takes, our children and teachers will be brought back home safely.

“He has issued all necessary directives and is providing every support required by our security agencies to achieve that objective,” Gbajabiamila said.

He also addressed appeals from parents and community members urging caution in the rescue operation.

The Chief of Staff explained: “Mr President also saw the appeals from some parents and community members urging caution in the rescue efforts.

“Let me assure you that the operation will be intelligence-led and carefully coordinated, deploying both kinetic and non-kinetic measures to secure the safe return of the victims.

“Your pain and anxiety are understood. By the grace of God, your children will return safely to your arms.”

The delegation also called on the Soun of Ogbomosoland, HRM Ghandi Afolabi Olaoye, at his palace to commiserate with the traditional ruler and his people.

They also visited the widow of the slain teacher, Mrs Mary Oyedokun, and her two children, where Gbajabiamila delivered the President’s personal condolences to the family and promised that they would not be left to suffer.

The 1,000 forest guards approved by the President will be recruited in collaboration with the Oyo State Government, Onanuga said.

The abductions occurred on May 15, 2026, when armed men attacked three schools — Community Grammar School, Baptist Nursery and Primary School, and L.A. Primary School — in the Esiele and Yawota communities of Oriire LGA, taking pupils and teachers captive.

During the attack, a mathematics teacher, Michael Oyedokun, was beheaded. A motorcyclist was also killed, and a security operative died after running into improvised explosive devices planted by the abductors during early rescue attempts.

The Oriire LGA communities sit on the fringes of a forested belt that the abductors have exploited for cover since the attack.

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