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N10m fraud : Court grants Lanre Smith N30m bail for defaulting his Old team mates of Island Football Club
A Federal High Court sitting in Lagos on Tuesday granted N30m bail to a businessman, Lanre Smith, accused of N10m fraud.
Justice Ibrahim Kala granted the bail following a motion filed and argued by the defendant’s lawyer, Akin Apara.
Apara who pleaded with the court to admit the defendant to bail on liberal terms stated that Smith was still presumed innocent until otherwise proved.
The judge agreed with the defence’s submission and granted bail to the defendant in the sum of N30m, with two sureties in like sum.
Kala said one of the sureties must be a Grade Level 14 at a government establishment and second, must be a landed property owner within the court’s jurisdiction.
He also ordered that Smith should submit his passport with the court’s deputy chief registrar.
However, after granting the defendant bail, trial commenced and the prosecution counsel, Mike Enejere, called the first witness, Stephen Ogunlola, an operative of Interpol Section of Force CID Annex, Alagbon.
Ogunlola told the court that after the conclusion of investigation, findings emerged and that the nominal complainant and the defendant were old team mates from the defunct Island Football Club.
He said the defendant had approached the complainant for a foreign transaction, and that the complainant availed his Well Fargo Account in the US for the transfer of the forex funds.
The witness said, “That the bone of contention from our investigation was the transaction of $26,000 which the account of the nominal complainant is under investigation by the authority in US.”
Apara, who cross-examined Ogunlola, tendered a statement made by Ogunlola who had also testified as the first prosecution witness before Justice Ayokunle Faji, in the same case involving one Precious Usifo, where he had stated that the “culprit, Usifo Precious, residing in Benin has paid back the money. So, my investigation did not review anything wrong done by Mr Lanre Smith.”
Ogunlola also told the court that the defendant had in his statement of facts, stated that: “He met the nominal complainant, Okwudili Okeke, sometime in March 2014 in a football club in Lekki where they are both members.
“Okwudili Okeke sometime in 2016 approached him to help source for the sum of $40,000 or more. And that he had informed Okeke not to pay dollar equivalent until the dollars had been delivered.
“He approached one Mr. Ahmed Mukhaila who had informed him that the dollars were available for sale in the United States. And that he had informed Mukhaila that he will only accept cash from him so as to be certain that the funds were legitimately his.
“Mukhaila initially paid the sum of $20, 000 to Okwudili Okeke’s Wilok Wells Fargo account in the United States and provided him with the deposit slip showing the cash deposit which he then sent to Okeke,” the witness said.
The witness also told the court that Okeke paid the fair market value for the dollars to Pay Express, a company not operated by him (but the company that was introduced by Ahmed Mukhaila to him). This money was then forwarded to Mukhaila. And Mukhaila thereafter provided him with a deposit slip for $26,000.
According to him, upon seeing the said slip, Okeke noticed that it was not a cash deposit and he immediately called Mukhaila to express his displeasure and instructed that the same be recalled.
“Mukhaila thereafter put him on a conference call with some of his Bureau de Change colleagues who confirmed that the reason for the bankers’ cheque deposit was as a result of the volume of the money and that the bank will not accept cash deposit of the said volume.
“Okeke then insisted that Mukhaila and his colleagues should sign an agreement to the effect that the said money is legitimate and that they will indemnify Smith against any liability as a result of the funds.
“Interpol invited Mukhaila and his colleagues which include Awulu Hassan, Saidi Paki, Huzeni Taeeb, Adigure Chares, Elizabeth Aruoma and Anthony Ojo, who confirmed that they sold the $26,000 in question,” he said.
Smith was arraigned on January 30, 2024, before the court by the police. He is facing charges of alleged conspiracy and fraud preferred against him by the police.
The police prosecutor, Mr Mike Enejere, told the court that the defendant and others at large had sometime in August 2016, conspired among themselves and conducted a financial transaction which involved proceeds of unlawful activity.
However, the defendant, who is the founder of Grocedy Limited, pleaded not guilty to the charges.
The case has been adjourned till March 24, for continuation of trial.
…Military eliminates over 15,000 terrorists in 3 years
…130,000 Boko Haram fighters and dependents surrender
The All Progressives Congress Presidential Campaign Council (APC PCC) has announced that President Bola Tinubu has finalised a comprehensive Five-Year Strategic Defence Operations Plan to end Nigeria’s 17-year battle against insurgency, banditry, and kidnapping.
The development was contained in a statement on Sunday in Abuja by the spokesperson for the APC PCC, Dele Alake.
The campaign council stated that the new framework is designed to overhaul the nation’s security architecture by aligning defence priorities, capability development, and expenditure with current and emerging threats.
According to Alake, the administration’s military operations over the past three years have yielded significant results, including the neutralisation of over 15,000 Boko Haram terrorists and bandits, alongside the surrender of more than 130,000 insurgents and their dependents through the government’s rehabilitation programme, Operation Safe Corridor.
“President Bola Tinubu is determined to end the 17-year scourge of insecurity ravaging parts of Nigeria through a comprehensive Five-Year Strategic Defence Operations Plan designed to strengthen the country’s security architecture, improve military effectiveness, and ensure a coordinated response to emerging threats,” Alake stated.
He explained that the initiative shifts the security apparatus toward a “more coordinated, intelligence-led, technology-enabled, and prevention-oriented system,” combining sustained kinetic military offensives with non-kinetic interventions.
Detailing the structural reforms undertaken to boost troop availability and rapid response, the APC PCC spokesperson said President Tinubu has created four new Nigerian Army divisions and restructured existing military formations to decentralise operations.
To accelerate recruitment, the President also approved establishing two new Army depots in Osogbo, Osun State, and Amasiri-Edda, Ebonyi State. Each facility can train 6,000 recruits simultaneously, adding a combined training capacity of 12,000 soldiers.
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Alake noted that the Osogbo depot is already operational, with 5,210 recruits currently undergoing training.
The statement also said the President has authorised a major recruitment drive across the security forces, approving the enlistment of an additional 28,000 soldiers into the Army and 50,000 new officers into the Nigeria Police Force to bolster internal security, improve policing capacity, and strengthen the country’s response to criminal activities.
On personnel welfare, Alake highlighted ongoing investments in military accommodation and operational infrastructure, citing the construction of a 700-unit military barracks in Ikere-Ekiti, Ekiti State.
“These measures reflect the administration’s determination to address manpower and infrastructure gaps, improve the capacity of security agencies, and ensure personnel are adequately trained, equipped, and deployed to areas facing security challenges,” the statement read.
On defence spending and combat readiness, Alake said the Five-Year Strategic Defence Operations Plan ensures clearly identified threats and national priorities guide security sector investments.
He added that the strategic framework is designed to close critical capability gaps, optimise available military resources, and eliminate unnecessary expenditure and waste across the defence sector.
I have followed recent reports of violence accompanying political events in different parts of the country.
Every form of violence stands condemned. Violence should never have a place in our political campaigns as we move toward the 2027 general elections.
Our campaigns should be about issues, a contestation of ideas that promote the welfare of our people and the progress of our country.
As the leader of this country, I commit myself to a peaceful, free, and fair election, and I urge political leaders and supporters across party lines to conduct themselves responsibly.
I have said that being in different political parties or pursuing different ambitions does not make us enemies.
As Nigerians, we are members of the same household living in different rooms. Therefore, our politics must elevate human conditions and focus on national progress and development.
I want to reiterate my previous directive to the security agencies: be strict and firm against anyone who seeks to test our resolve and will to preserve public order.
Our administration is committed to an orderly and peaceful election, and all political parties and candidates should be protected and free to campaign anywhere in the country without molestation or fear for their safety.
We shall not tolerate any irresponsible conduct by politicians and their supporters.
Security agencies are therefore authorised to confront thuggery and other anti-social and anti-democratic activities with full force.
“
The Central Planning Committee for the official unveiling of the book, The Courage to Reform: Architecture of President Bola Ahmed Tinubu, GCFR, Beyond 2027 — Statecraft, Vision for National Renewal, has announced Tuesday, December 1, 2026, as the new date for the highly anticipated ceremony.
The unveiling, which was initially scheduled for Thursday, November 5, 2026, at the Bola Ahmed Tinubu International Conference Centre, Abuja, was earlier postponed following adjustments to the official schedule of President Bola Ahmed Tinubu, GCFR, who is the Special Guest of Honour at the occasion.
HON. IMAAN SULAIMAN-IBRAHIM
Honourable Minister of Women Affairs and Social Development
Chairperson, Central Planning Committee
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