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Alleged Money Laundering: Court Temporarily Freezes 21 Bank Accounts, Orders Holders’ Arrest
A Federal High Court in Abuja on Friday, ordered the temporary freezing of 21 bank accounts domiciled in some commercial banks and directed the arrest of the account holders by the police.
Justice Emeka Nwite gave the order after counsel for the Inspector-General (I-G) of Police, Ibrahim Mohammed, moved a motion ex-parte to the effect.
Justice Nwite also granted the “order directing the banks to issue details of the account package(s) and to place a Post-No-Debit (PND) on the accounts, disable the ATMs while allowing inflow into the said accounts” pending the conclusion of investigation.
“I have listened to the submission of the learner counsel for applicant and gone through the affidavit evidence.
“I am of the view that the motion ex-parte is meritorious.
“The application is hereby granted except that the period of the investigation can only last for a period of 90 days,” Justice Nwite said.
The judge adjourned the matter until April 3 for mention.
The banks are Access Bank Plc, Sterling Bank Ltd, Wema Bank Plc, Fidelity Bank Plc, Zenith Bank Plc, Union Bank Plc, Guarantee Trust Bank Ltd, United Bank of Africa Plc, Stanbic IBTC Bank Plc, First Monument Bank Plc, Heritage Bank Plc, TAJ Bank Plc and Keystone Bank Plc.
Report says that while the I-G is the applicant in the motion ex-parte marked: FHC/ABJ/CS/1965/V/2024, the 13 banks are sued as 1st to 13 defendants respectively.
The I-G, in the motion filed by Mohammed, sought an interim order directing the listed “banks to freeze the accounts mentioned in the schedule attached to this summon pending investigation and prosecution of this case.
“An order directing the banks to issue details of the account package(s) and to place a Post-No-Debit (PND) on the accounts, disable the ATM while allowing inflow into the said account as from the date of this court order.
“An order of the court, directing the bank to apprehend the account holder or any person transacting business on the said account and contact the police through this number 09011483807”
Giving two grounds, the lawyer said the accounts are subject of investigation and are reasonably suspected to be warehousing proceeds of unlawful activities or fraud.
He said “iIf there is any dealing with the accounts by way of withdrawal or transfer to another account by the person under investigation/investigator and the person that have absolute power to deal with the account will render nugatory any consequential order(s) which the court may make at the conclusion of this application.”
In the affidavit deposed to by Glory Ohio, a detective with the Nigeria Police Force attached to Force Criminal Investigation Department, on Feb. 12, 2024, the I-G received a petition bordering on stealing and breach of trust which preliminary investigation revealed to be money laundering.
Ohio averred that the head of the team was assigned to investigate the complaint to determine the allegations contained in the petition and investigations were initiated in that respect.
“That the complainant alleged that, he needs a (SPV) Special Purpose Vehicle company to enable him secure the contract with Nigeria Navy which led him to entered a joint venture agreement with the defendant who has the company name Indetix Limited.
“That the petitioner was offered contract to supply ICT Equipment and Accessories, supply 10 wooden canoes and out Board engines, supply of 13x115HP Yamaha 4-stroke long shaft outboard engines, supply and installation of inverter batteries and supply of outboard engines and firefighting equipment.
“That the Nigeria Navy offered the petitioner the contract and both parties open a joint account with Zenith Bank where they made themselves the two signatories to the account.
“That both parties concerned drafted memorandum of understanding and a clause spelt the sum of 15% of the profit to be paid to the defendant and parties append their signatures.
“The Nigeria Navy disbursed the contract sum in instalment to be used in execution of the contract.
“That the petitioner received a letter from the complainant that he is not comfortable with the first agreement signed by both parties for 15% of the profit rather a 7.5% of the total sum of the contract to his own share of the contract.
“That the petitioner disagreed with the proposal and the new terms intended to be smuggled into parties earlier agreement.
“That the refusal of the petitioner does not go well with the suspect as a result of which the suspect sent a purported company resolution to the bank and removed the petitioner as a signatory to the joint account, which makes him the sole signatory.
“That his act was motivated in furtherance of his clandestine motives to steal from the joint account and he did stole money under the guise of purchase of the board engine.
“That the suspect further transferred the contract sum paid into the joint account to various accounts in other to disguise the origin of his illegal activities,” the officer said.
Ohio said the purported money disbursed for the purchase of the engine board was later transferred back to the suspect different account from the joint account.
According to the detective, this is done to promote money laundering and conceal his illegal activities.
The officer said the intelligent report gathered so far revealed that the suspects were making effort to transfer or withdraw money from the accounts and that unless the court grants the order, otherwise, the investigation will be jeopardise.(NAN)
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FCT Closes Unregulated Motor Parks as New Bus Terminals Become Operational
By Laide Akinboade, Abuja
The Federal Capital Territory (FCT) Administration (FCTA), on Thursday, said it has concluded arrangements to clamp down on commercial transport operators loading along roadsides and in illegal motor parks, announcing an imminent enforcement drive to transition all intercity and intra-city transport operations into newly constructed ultra-modern bus terminals.
Mandate Secretary for the FCT Transportation Secretariat, Chinedum Elechi, disclosed this during a press conference in Abuja.
He said the administration is ready to enforce compliance to restore civil order, modernize public transportation, and curb rising security concerns particularly “one chance” armed robberies, drug trafficking, and arms smuggling linked to unprofiled operators.
“At the root of all social insecurity is transportation.
“The problem of ‘one chance’ and general insecurity will be half-solved if we have a proper transportation system where operators are profiled and operating out of designated hubs.
“Under the new operational framework, long-distance intercity routes such as trips to Kaduna, Aba, Lokoja, Owerri, and Sokoto will operate strictly out of designated terminals like Mabushi and Kugbo. Meanwhile, the Central Business District (CBD) terminal will manage intra-city routes, serving as a hub for local taxis, e-hailing services, and feeder buses,” Elechi said.
Elechi noted that for the first time in the 50-year history of the FCT, the administration has built state-of-the-art terminals equipped to handle over 2,000 passengers.
According to him, facilities include structured car parks, shops, food courts, escalators, and cinemas, managed under a Public-Private Partnership (PPP) model with Planet Projects.
“Discussions are also ongoing with the Office of the Head of the Civil Service of the Federation to allocate dedicated spaces within the CBD terminal for civil service staff buses,” he noted.
Addressing public concerns regarding the storm damage at the Kugbo terminal, Elechi explained that the facility absorbed high-speed winds from a localized severe weather event, preventing major structural damage to nearby residential areas across the road.
He confirmed that structural redesigns and roof repairs are near completion, and the facility will soon be fully integrated alongside Mabushi and the CBD terminals.
The Secretariat warned that previous leniency where over 100 impounded vehicles were released after operators signed undertakings will no longer be the norm.
FCT transport regulations prohibit operating commercial parks in open spaces or private premises without authorization.
“We are not taking food from anyone’s mouth; we are asking operators to move from unsafe, unhealthy roadside locations into modern facilities built with billions of Naira.
“If you rent private premises and turn them into an illegal motor park, we will enforce the law, seal off the premises, and impound the vehicles.
“FCT must look like every modern capital city,” Elechi emphasized.
The Transportation Secretariat also highlighted ongoing maintenance efforts to fix intermittent traffic light failures caused by solar battery depletion and sensor faults, while urging the public to support anti-vandalism efforts against the theft of signaling cables and power components across the city’s transport network.
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NEC: NDC Insists Osayuki Remains Edo South Senatorial Candidate
The Nigeria Democratic Congress (NDC) said Epelle-Asemota Osayuki remains its duly nominated candidate for the Edo South Senatorial District.
The party attributed the discrepancies in the Independent National Electoral Commission’s (INEC) publication of candidates’ particulars to an error on the part of the commission.
The party, in a statement issued on Wednesday in Abuja by its Director of New Media and Strategic Communication, Agada Theophilus, said INEC correctly published Osayuki’s name and personal details.
It, however, added that INEC mistakenly attached the photograph of another aspirant and the credentials of a different individual.
The party maintained that it had duly submitted Osayuki’s name, passport photograph and credentials to INEC in accordance with the Constitution and the Electoral Act.
It added that the commission alone was responsible for publishing candidates’ particulars.
The party said the successful upload of her details to the INEC portal served as proof of her formal sponsorship and called on the electoral body to explain how the mix-up occurred.
The NDC also dismissed attempts to question Osayuki’s eligibility on ethnic grounds, describing such claims as an orchestrated campaign aimed at discrediting her candidacy.
The party maintained that Osayuki was a Nigerian of Benin ancestry who had lived and worked in Benin throughout her career, “and is married into the Asemota family of Benin.”
The party described her as a seasoned public servant who spent 35 years in the Edo public service and previously served in key leadership positions, including Chairman of the Principals’ Association of Edo.
“The first female National Chairperson of the Academic Staff Union of Secondary Schools (ASUSS), and Secretary of the Trade Union Congress in the state”.
It added that she was a prominent member of the Obidient Movement and emerged winner of the NDC primary for the Edo South Senatorial District.
The party said her emergence reflected its commitment to promoting women, youths and persons with special needs, insisting that she was duly nominated and would remain its candidate.
The NDC acknowledged that other aspirants were disappointed by the outcome of the primaries but urged them to refrain from actions capable of undermining the party.
It said a national reconciliation committee had already been inaugurated to address grievances arising from the primaries and appealed to party leaders to help resolve outstanding issues.
The party also rejected allegations that candidates were imposed by the national leadership, insisting that state leaders supervised the primary process while the national leadership only harmonised interests and managed disputes that could not be resolved at the state level.
It called on members to close ranks and work together in the interest of the party ahead of the forthcoming elections.
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Tinubu Approves Salary Increase for 250,000 Armed Forces Personnel
By David Torough, Abuja
President Bola Tinubu has unveiled a major package aimed at strengthening Nigeria’s armed forces through improved welfare and enhanced defence capability, approving a substantial salary increase for military personnel while reaffirming support for indigenous defence production.
The President approved a pay rise of between 30 and 80 per cent for approximately 250,000 personnel of the Armed Forces of Nigeria, with the new salary structure taking effect from September 1, 2026.
According to a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the salary adjustment is structured to favour junior personnel, with the highest percentage increases going to the lower ranks.
Under the new arrangement, officers above the rank of colonel—including brigadier-generals, major-generals, lieutenant-generals and generals—will receive a 30 per cent increase, while personnel from colonel to warrant officer will earn a 50 per cent raise. Soldiers from private to staff sergeant will benefit from an 80 per cent increase.
The new pay package will increase the military’s annual wage bill from N660 billion to N924 billion, representing an additional N264 billion in government spending.
President Tinubu said the salary review reflects his administration’s appreciation of the sacrifices made by troops in the fight against terrorism, banditry and kidnapping, stressing that personnel welfare and military modernisation remain central to his security agenda.
“The men and women who help to keep us safe in our homes must be supported and appreciated,” the President said, pledging continued investment in modern weapons, technology and other operational capabilities to enable the armed forces to effectively protect lives and property across the country.
Meanwhile, the Chief of Army Staff, Lieutenant General Waidi Shaibu, has called for deeper collaboration between the Nigerian Army and indigenous defence manufacturers to strengthen national security and reduce dependence on foreign military equipment.
Receiving the management of Proforce Group during a courtesy visit to the Army Headquarters in Abuja, Shaibu described the indigenous defence company as a source of national pride and urged greater local production to support the Army’s ongoing expansion from eight to 12 divisions.
He identified areas requiring stronger collaboration, including Counter-Improvised Explosive Device systems, ground-penetrating radar, foliage-penetrating surveillance technology, signal intelligence, facial recognition, unmanned systems and dark web exploitation to enhance intelligence-driven operations against criminal and terrorist groups.
The Proforce Group Managing Director, Ade Ogundeyin, reaffirmed the company’s commitment to advancing indigenous defence technology, noting that local manufacturing improves operational security, shortens logistics timelines and provides faster technical support for the Armed Forces of Nigeria.
The latest initiatives underscore the Federal Government’s twin strategy of improving troop welfare while building a stronger domestic defence industry to enhance the country’s security architecture.


