NEWS
Alleged N95BN LG Fraud: Edo to Prosecute Obaseki, PDP Leaders, Others, Says Okpebholo

From Joseph Ebi Kanjo, Benin
The Governor Monday Okpebholo-led government of Edo State is set to prosecute former Governor Godwin Obaseki, some PDP leaders in the state and former local government chairmen allegedly indicted for “looting the local government treasuries, running into over N95 billions.
”This was contained in a statement by the Chief Press Secretary to the governor, Fred Itua and made available to newsmen in Benin on Sunday.
According to the statement, the governor made the revelation when he received the report of the Administrative Panel of Enquiry set up to investigate the financial dealings of the “impeached 18 Local Government Chairmen in Edo State from 4th September, 2023 to November, 2024.
”Recall that after taking the baton of leadership on September 12, 2024, the Okpebholo-led Edo State Government on the 18th of December, 2024, set up an Administrative Panel of Enquiry to investigate the financial dealings of the 18 local government chairmen who were allegedly impeached.
Receiving the report in the statement, the governor noted that the Economic and Financial Crimes Commission (EFCC) will prosecute all those involved in the alleged crime.
Okpebholo, while expressing satisfaction with the committee’s manner of professionalism, declared that the days of financial recklessness and lack of transparency in public office were long over.
He added: “Nigerians need to start demanding accountability from elected public office holders.”
He further stressed that “it was the only way to fight corruption and ensure development.”
The Governor, while expressing dismay at the findings of the report, vowed to petition the EFCC on the findings of the report for immediate prosecution
Okpebholo said: “I want to thank you for a job well done. I carefully listened to the submission of the report.
“The truth is that the administration of former governor Godwin Obaseki took the Edo people for granted. They took everything belonging to Edo people and channeled it for their personal gains.
“We thank God for helping us to change the narrative to benefit Edo people. We also thank the President of Nigeria, Bola Ahmed Tinubu, because without his support, we will not be witnessing the kind of development we are experiencing in Edo today.
“A lot has happened. The Peoples Democratic Party (PDP) looted the treasury of the Local Governments and stole our collective patrimony, and nobody went after them or took action. This time, things are different. We will go after them and retrieve what they have stolen from Edo people.
“They will be made to pay for it. I will personally take this document to the EFCC and ensure that justice is done for this wrong done to Edo people.”
Earlier, Chairman of the panel, Solomon Imohiosen, while submitting the report and recommendations Okpebholo, noted that findings and forensic investigations uncovered that huge sums amounting to N96 billion was either mismanaged and/or diverted to private accounts.
The panel observed that over N95 billion was received from the Joint Allocation Account Committee (JAAC) by the 18 Local Government Area Chairman for the period investigated.
The panel, however, reported that the funds were not judiciously utilized as no meaningful projects were on the ground to justify the amount received.
Confirming fraudulent diversion of Local Government funds to political godfathers in the state, the panel reported that over N10 (10,433 658,452.00) was fraudulently siphoned, using the pseudonym, “Security, Environment and Training.”
The panel report added that the 18 Local Government Area Chairman contributed to the account, using it as a conduit pipe to drain government resources, as money was transferred from there to various individuals and companies.
The panel outlined some challenges faced during the course of the assignment, which included late submission of financial records by various Local Government Councils, incomplete submission of records, deliberate obstruction of the investigation by Council personnel who failed to comply on time, but brought hefty sacks as an after-thought to dazzle panel members.
“The panel’s investigation uncovered significant irregularities in the financial activities of the 18 Local Governments Councils. The recommendations outlined in the report aim to address these issues and promote transparency and accountability in the Local Governments finances.”
NEWS
NAFDAC Warns Water Producers on Compliance

The National Agency for Food and Drug Administration and Control (NAFDAC) on Wednesday warned producers to strictly follow hygiene standards and digital registration procedures. Mr Kenneth Azikiwe, Director of NAFDAC’s FCT directorate, said the warning followed inspections that revealed expired licences among several producers.
Azikiwe also educated members of the Association of Table Water Producers (ATWAP), Mararaba-Karu branch, on the importance of compliance. The agency highlighted regulatory timelines and advised on improving water quality across the FCT and parts of Nasarawa State, including Mararaba, Nyanya, and Karu. He noted that producers were careless with water treatment, often misusing sterilisation equipment during production. Azikiwe cited cases where workers unplugged ultraviolet sterilisers to charge phones and turned hygiene areas into kitchens. He reaffirmed NAFDAC’s commitment to public safety and urged compliance for the benefit of all Nigerians. Azikiwe encouraged producers to use the agency’s digital platform, the NAFDAC Automated Products and Nutritional Monitoring System (NAPAMS), for easier access to services. He added that laboratory samples are now processed weekly to speed up approvals and urged strict adherence to procedures. Mrs Gloria Wilberford, Head of the Greater FCT Office in Mararaba, said NAPAMS had greatly improved after its upgrade to version 3. She noted that laboratory submissions now occur every Wednesday, cutting delays that used to last over a month. Wilberford said the agency’s aim was to support compliant businesses, not to penalise them. She added that setting up offices in Mararaba and Suleja was meant to ease administrative hurdles in satellite towns. Mr Michael Ajagbonna, Nasarawa Coordinator for the Standards Organisation of Nigeria, explained SON certifies products while NAFDAC handles their registration. He stressed on mutual respect among regulators and the need to work within legal boundaries, despite overlapping duties. ATWAP National Financial Secretary, Amb. Usman Diggi, said members struggle with digital literacy but promised to help identify non-compliant producers. “As a union, we can’t sanction violators, but we will report them to NAFDAC,” he stated. Mr John Michael, an ATWAP member, found the session informative and called for more stakeholder engagement. He said the workshop clarified registration issues and gave members the tools and contacts needed to resolve them. (NAN)NEWS
NDA Commandant Seeks Emir of Zazzau’s Support in Training Officers

The Commandant of the Nigerian Defence Academy (NDA), Maj.-Gen. Abdul Ibrahim, has sought for the royal blessings and support from the Emir of Zazzau, Amb. Ahmed Bamalli.Report says that Ibrahim spoke when he paid a courtesy visit to the emir at his Palace in Zaria on Wednesday.
The commandant also solicited the emir’s cooperation in fulfilling the NDA’s primary mandate of training officers for the Armed Forces of Nigeria and allied African nations. During the visit, the commandant formally informed the emir about his new positon, following the recent re-deployment of personnel in the Nigerian Army. Ibrahim highlighted that the NDA was established over six decades ago to cater to the growing demand for officers in post-independence Nigeria.He emphasised the importance of partnerships with traditional rulers and other stakeholders to enhance both economic development and security in the nation.The commandant invited the emir to deliver a keynote address at the upcoming ‘Leadership Seminar’ dedicated to the legacy of the famous Queen Amina of Zazzau.Ibrahim also informed the emir about the Passing Out Parade (POP) for the 72 Regular Course (RC) Cadets, scheduled for September 2025, and extended a formal invitation for him to attend as the Royal Father of the Day.The commandant also wished Bamalli a long reign, stability, and good health while reassuring him of the armed forces’ ongoing support for peace and stability in the Emirate and beyond.In response, the emir reminisced about his school days at the Government College Kaduna, reflecting on the military discipline instilled at the NDA, which also benefited the students in his college. “I recall those days; the standard of discipline in the NDA was being replicated in our college, making us the beneficiaries of good military traditions,” he stated.The emir expressed his best wishes for Ibrahim’s tenure, stating, “judging from your antecedents, the NDA is lucky to have you as Commandant.”Regarding the Leadership Seminar on Queen Amina, the emir revealed ongoing efforts at the palace to harmonise literature with unwritten facts about the legendary warrior queen, aiming to clarify conflicting accounts and present a well-rounded historical perspective.He assured his attendance at the POP of the 73 RC, reiterating his commitment to the NDA.Accompanying the NDA Commandant included Maj.- Gen. AB Mohammed, the Commandant, Depot Nigerian Army; Prof. Isa Garba, Academy’s Provost; Commodore ST Lengaya, Director of Coordination; Air Commodore SA Buhari, Director of Logistics and Col. MS Jafar, Chief Instructor, Army Wing, among othersThe visit was witnessed by the members of the Zazzau Emirate Council, District Heads, and palace staff. (NAN)NEWS
Don’t Patronise Silverkuun, SEC warns public

By Tony Obiechina Abuja
The Securities and Exchange Commission has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, Wednesday, the commission said its attention had been drawn to the activities of these entities, which falsely present themselves as investment advisers and fund managers in the Nigerian capital market.
“The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to the activities of Silverkuun Investment Cooperative Society/Silverkuun Limited which holds itself out as an Investment Adviser/Fund Manager. “The Commission hereby informs the public that Silverkuun Investment Cooperative Society/Silverkuun Limited is NOT REGISTERED to operate in any capacity in the Nigerian Capital Market. Accordingly, the SEC advised the public to refrain from engaging with Silverkuun Investment Cooperative Society/Silverkuun Limited or its representatives in respect of any business in the Nigerian capital market. “The Commission uses this medium to reiterate that transacting in the Nigerian Capital Market with unregistered and unregulated entities exposes investors to financial risk including fraud and potential loss of investment. The investing public is therefore reminded to verify the status of companies and entities offering investment opportunities on the Commission’s dedicated portal – www.sec.gov.ng/cmos, before transacting with them”, the SEC added. Director General of the SEC, Dr. Emomotimi Agama had recently warned that the Commission would not hesitate to shut down the operations of such unregistered entities while also ensuring that the promoters are made to face the full weight of the law. Agama said, “We will shut down their operations and the promoters will be made to face the full weight of the law,” Agama warned. “In a major reform, ISA 2025 officially brings digital assets under the SEC’s regulatory purview, defining them as securities and mandating registration for all virtual asset service providers (VASPs) and digital asset exchanges. This development aims to close the regulatory vacuum that has allowed many Ponzi-style platforms to thrive under the guise of cryptocurrency and digital finance”.