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FBI: Minister, Governor Have Links With Arrested Fraudsters
By Justus Nwakanma, Abuja
Fear has gripped some high-profile politicians as details have emerged over their relationship with some of the 78 Nigerians arrested by United States Federal Bureau of Investigation (FBI) over alleged internet scam regarded as the highest haul of arrests in recent times.
Over the weekend social media went abuzz after reports emerged that Festus Keyamo, minister of state for Niger Delta affairs, is a friend of Jerry Ikogho one of the cyber fraud suspects apprehended by FBI and who is 77 on the list of 78.
They were pictured together in a public event.Keyamo admitted that he and Ikogho were born in Ughelli, Delta state, and grew up as childhood friends. He said the picture was taken in 2011 at the burial of the father of one of the two other men who appeared in the picture.
He said the suspect is from “a decent home”, adding that he hoped that the American authorities got their facts right. He explained that Ikogho left Nigeria for the United States about a decade ago.
“He is my childhood friend. We were born in the same town (Ughelli). We attended same church from birth. His parents and mine, best of friends, till tomorrow; his siblings and mine too. He only left for the US about 10-12 years ago.
“I can’t deny him. It’s a family relationship from birth. He’s from a decent family. Hope they got their facts right. The wife has sent the charge to me.
“The authorities clearly stated that he may not have known of the fraudulent schemes, but he helped one or two of them to transfer funds illegally for a fee. And he didn’t declare excess money at the airport. Wish him well.
“In fact that picture is even at the burial of the father of the guy on the far right about 8 years ago. The guy is in the same childhood group like all of us. Likewise the guy on the far left, a lawyer, who died at the National Hospital here in Abuja about 5 years ago.”
Besides Keyamo, Daily Asset investigations also revealed that a very close ally to the Imo State Governor, Emeka Ihedioha, Mr. Chika Augustine Odionyenma is on the FBI list. Odionyenma is popularly known by his Igbo nick names ‘’Nwakanwa’’ or ‘’Tony Chika’’.
He is said to be one of those who helped to fund Gov Ihedioha’s campaign between 2018 and early 2019.
“He was one of the highest donors to Ihedioha’s campaign,” our source said.
Odionyenma who allegedly became wealthy from wire fraud recently launched a charity organization ‘ Nwakanwa Foundation’’ in the state.
He hails from Amakaohia-Uratta , in Owerri North Local Government Area, in Imo State has been in Imo political spotlight , dinning and wining with some top politicians in the state..
The 31-year-old is currently on the run and has pulled down all his social media accounts since he was declared wanted by FBI.
Through business email compromise scams (BEC), fraudsters use hacked email accounts to convince businesses or individuals to make payments that are either bogus or similar to actual payments owed to legitimate companies.
As part of the scam, fraudsters learn about key personnel in companies who are responsible for the payments as well as the protocols necessary to perform wire transfers in various companies and then target businesses that regularly perform wire transfer payments, Paul Delacourt, FBI assistant director in charge of the case said in a press briefing.
The scams have become so rampant that in the first seven months of 2019 alone, the FBI received nearly 14,000 complaints reporting BEC scams with a total loss of around $1.1 billion—a figure that nearly matches losses reported for all of 2018.
In another recent high profile case, following a 13-month long investigation, the FBI arrested Nigerian Obinwanne Okeke in an $11 million BEC fraud case. Before his arrest, Okeke had posed a successful entrepreneur and was featured on a Forbes 30-under-30 list as well a BBC Focus on Africa program.
Business News
DBN Signs $61m Credit Deal With AfDB, Unveils Support Initiative Report
By Tony Obiechina, Abuja
The Development Bank of Nigeria Plc (DBN) has launched DAWN: DBN Action for Women in Nigeria, unveiled its Impact Report and presented MSME Data Assets at the seventh edition of Annual Lecture held in Abuja.
DBN, in a statement on Thursday, said while delivering a welcome address, its Managing Director and Chief Executive Officer, Dr Tony Okpanachi, said the central challenge was no longer reforms themselves but ensuring benefits reach businesses at end of the chain.
He asked how to make sure benefits reach traders in Onitsha, fabricator in Aba, farmer in Kebbi and young founder in Yaba, noting that MSMEs accounted for about half of Nigeria’s GDP and more than eight in every ten jobs, adding that when reform works for MSMEs it works for most Nigerians.
He explained that reform becomes prosperity only when entrepreneurs can act on it whether through long tenor loans to buy equipment, banks willing to take risk or skills and records needed to grow.
He said working through Participating Financial Institutions DBN provides longer term funding, partial credit guarantees through subsidiary Impact Credit Guarantee Limited and capacity building including Entrepreneurship Training Programme.
He disclosed that as at December 2025 DBN had disbursed a cumulative N1.4 trillion to MSMEs through 84 Participating Financial Institutions creating about 1.6 million jobs nationwide.
Under the new five year strategy, the Bank aims to reach more than two million MSMEs with deliberate targets for women led businesses, youth led businesses and underserved states.
On DAWN, Okpanachi said finance alone had not enabled enough women-led businesses to scale.
He said initiative brings together financing, guarantees and credit support, technical assistance, outcome linked grants and market linkages delivered through banks, microfinance institutions, fintechs, aggregators, cooperatives and direct channels.
Its priority sectors are agriculture and exports, healthcare, arts and creatives, technology and green business.
He said DAWN is about moving gender focused lending beyond intention and turning access into opportunity.
On the sidelines of the lecture DBN and African Development Bank held a signing ceremony of AfDB DBN 61 million United States dollars Gender Line of Credit development that reinforces Bank commitment to women led enterprises.
Okpanachi urged Participating Financial Institutions to extend lending into sectors and states where access to finance has been limited, policymakers and regulators to measure reform by what changes for business at end of chain and MSMEs to formalise, keep good records and use support now available.
The Vice President as Special Guest of Honour was represented by Dr Fred Iklaga Senior Technical Adviser in the Office of Special Adviser to the President on Economy.
Keynote speakers were Chief Executive Officer of MTN Nigeria, Dr Karl Toriola, and Chairman of Nigeria Sovereign Investment Authority, Dr Segun Ogunsanya.
Fireside chat featured Chief Executive Officer of Sterling Bank Abubakar Suleiman, manufacturing and trade entrepreneur Mrs Omoyemi Chukwurah and by video Kola Masha of Babban Gona.
The Secretary to the Government of Federation, represented by Augusta Warren Bekaredebo, said 2026 tax reforms would bring relief to many small businesses expressing optimism that a lot of businesses will be smiling by next year because they will be exempted from tax.
COVER
NLC Threatens Nationwide Action as Talks With FG Collapse
By Tambaya Julius, Abuja
The Nigeria Labour Congress (NLC) has threatened possible nationwide industrial action following the failure of talks with the Federal Government over workers’ welfare, petrol prices and other outstanding labour demands.
The warning came after a meeting between the government and organised labour at the Ministry of Labour in Abuja on Thursday, October 22, ended without an agreement.
The congress has given the Federal Government until Tuesday, October 27, to make meaningful progress on the issues, warning that its relevant organs would decide the next line of action if the next meeting fails to produce concrete commitments.
The NLC has also directed its affiliates, state councils and civil society allies to begin mobilising members for possible nationwide action.
In a statement issued after the meeting, the NLC Acting General Secretary, Benson Upah, expressed disappointment over what he described as the government delegation’s lack of preparedness for the negotiations.
According to the congress, organised labour presented its demands in good faith but left the meeting without any concrete commitments from the government.
The demands include a reduction in petrol prices to 2024 levels, renegotiation of the national minimum wage, implementation of agreed tax relief measures and resolution of the terms of settlement involving the Joint Health Sector Unions (JOHESU).
The congress also called for the resolution of issues raised by the Joint Public Service Negotiating Council (JPSNC) over peculiar allowances, wage awards and hazard allowances.
The NLC said the government delegation lacked the necessary authority to engage meaningfully on the issues presented by labour representatives.
“The meeting between the Federal Government and organised labour, convened at the Ministry of Labour in Abuja on 22nd October 2026, has ended without resolution,” the statement said.
It added that the Minister of Labour requested that the meeting be adjourned until October 27 to allow the government to prepare adequately for further discussions.
The preparations, according to the statement, would include bringing relevant ministers and heads of departments and agencies to the negotiating table.
The congress said it remained open to dialogue but would not accept continued delays in addressing workers’ concerns.
“We will report back to our organs, and if no meaningful progress is made on Tuesday, the relevant organs of the NLC will decide the next line of action,” it said.
The labour body urged workers and members of the public to remain calm while the negotiations continue, even as it directed its affiliates and allies to prepare for possible industrial action.
“However, we urge all affiliates of NLC and TUC; all state councils and our civil society allies to be alert and start mobilising for a possible action across the nation while we hope that the tenets of our demands are met by the government,” the statement added.
The October 27 meeting is expected to provide another opportunity for both sides to address the outstanding issues and prevent a possible escalation of the dispute.
However, the NLC’s decision to begin mobilisation suggests that tensions could rise if the next round of talks fails to produce meaningful progress.
COVER
Election Campaigns: FRSC Bars Officers from Politicians’ Escort
The Federal Road Safety Corps (FRSC) has barred its personnel from escorting politicians during campaigns for the 2027 general elections.
Zonal Commanding Officer, RS6, ACM Abimbola Owolabi, gave the directive during her maiden visit to the Cross River Command in Calabar on Wednesday.
Owolabi said patrol vehicles and sirens must not be used for political activities or private engagements, including weddings and funeral processions.
She directed officers deployed to campaign venues to focus exclusively on traffic management to prevent congestion and road crashes.
The zonal head warned personnel against leading political convoys or providing escorts for politicians, stressing that official vehicles must not be used for unauthorised purposes.


