NEWS
Lack of Transparency in Financial Reporting Undermining Devt – EFCC

By Ubong Ukpong, Abuja
The Economic and Financial Crimes Commission (EFCC) on Tuesday said the country’s national development has continued to be undermined due to lack of transparency in financial reporting.Executive Chairman of the Commission, Ola Olukoyede said that there has been persistent opacity in Nigeria’s financial reporting system, particularly within the oil and gas sector.
Olukoyede at a National Conference on Public Accounts and Fiscal Governance organzied by the Senate and House of Representatives Public Accounts Committees (PAC) in Abuja, said that speculative earnings, unverified transactions, and poor oversight in critical sectors like oil and gas have entrenched inefficiency and corruption in public finance. “Opaque financial reporting, especially in the oil and gas sector, where earnings remain speculative rather than factual, is one of the most disturbing vulnerabilities in our system. These weaknesses feed corruption and erode public trust,” he said.The EFCC boss, who was represented by the Agency’s Director of Public Affairs, Wilson Uwujaren, went further to highlight several loopholes that continue to threaten Nigeria’s fiscal integrity to include non-compliance with financial regulations, approval of spending beyond official limits, diversion of public funds to private accounts, and the padding of budgets to accommodate projects with no real developmental value.He also cited digital manipulation of government platforms such as the Government Integrated Financial Management Information System (GIFMIS) and the Integrated Payroll and Personnel Information System (IPPIS), which have become tools for payroll fraud in some Ministries, Departments and Agencies (MDAs).“Despite years of reforms and development plans, the gap between policy intent and public impact remains wide. We must move from paper reforms to institutional enforcement,” Olukoyede lamented.While reiterating the Commission’s core mandate of investigation and prosecution, Olukoyede said the EFCC is now equally focused on prevention.He revealed that in the past 18 months, the agency has taken strategic steps to strengthen internal controls across the public sector.Key among these efforts is the creation of a Fraud Risk Assessment and Control Department, tasked with identifying and sealing off fiscal loopholes in MDAs. Additionally, the Commission has enhanced its collaboration with both local and international enforcement bodies to curb illicit financial flows.On asset recovery, Olukoyede disclosed that the EFCC has returned trillions of naira in monetary assets to the national treasury, including what he described as “the largest real estate asset recovery in Nigeria’s history” which was the 750 duplexes seized in Abuja.Funds recovered from various corruption cases, he noted, have been redirected into key national initiatives such as the Nigerian Education Loan Fund (NELFund) and the Consumer Credit Scheme (CREDICORP).The EFCC, he said, is also working with the Federal Ministry of Housing to convert seized properties into affordable housing for low-income Nigerians.Despite these achievements, Olukoyede emphasized that the real work lies ahead. He called for the institutionalization of real-time digital budget and project tracking, public access to expenditure data, and a strengthened whistleblowing system.“We must close procurement and payroll loopholes through robust automation and active citizen participation. No system will work without the right people. That’s why we’re pushing for integrity testing for all public officers across MDAs,” he said.He added that sustainable development and fiscal transparency can only take root when Nigerians, from the highest levels of government to ordinary citizens, demand and practice accountability.In a pointed message to lawmakers, Olukoyede urged the National Assembly to lead by example.He said the EFCC had not received a single oversight report from the Public Accounts Committee of the National Assembly for further investigation.“Parliament cannot demand accountability if it doesn’t practice it. Fiscal integrity must be the norm in all organs of government. Legislators must embrace transparent appropriation and resist any actions that erode public trust.“There is also a need for greater synergy and collaboration between the Public Accounts Committee of the National Assembly and the EFCC. To the best of my knowledge, no report of the Committee’s oversight of MDAs has been forwarded to the EFCC for investigation. Leveraging the enforcement powers of the Commission will send a powerful message that the Public Accounts Committee’s work is not routine or toothless,” he said.Olukoyede made a passionate appeal for a national culture of accountability.“Let’s institutionalize transparency and make accountability a patriotic duty by enforcing the rules and regulations in our statutes. Together, we can make Nigeria a nation where fiscal governance delivers real value for real people,” he said.NEWS
Tinubu Honors Buhari, Renames University of Maiduguri after Late President

By David Torough, Abuja
President Bola Tinubu has approved the renaming of the University of Maiduguri, Borno State as Muhammadu Buhari University.
“May we now adopt the University of Maduguri as the Muhammadu Buhari University,” Tinubu said at the close of a special session of the Federal Executive Council held to honour Buhari at the Aso Rock Villa, Abuja on Thursday.
The President paid a glowing tribute to Buhari, describing him as “a good man, a decent man, an honourable man” whose legacy of discipline, patriotism and moral uprightness would endure for generations.
Tinubu said although the late president was not without flaws, his unwavering commitment to national service set him apart.
“President Buhari was not a perfect man, no leader is, but he was, in every sense of the word, a good man, a decent man, an honourable man.
“His record will be debated, as all legacies are, but the character he brought to public life, the moral force he carried, the incorruptible standard he represented, will not be forgotten.
“His was a life lived in full service to Nigeria, and in fidelity to God,” he said.
Reflecting on Buhari’s time in office and his long military and civil service, Tinubu praised the late leader’s simplicity, humility, and stoic resistance to the trappings of power.
He said, “He stood, always, ramrod straight; unmoved by the temptation of power, unseduced by applause and unafraid of the loneliness that often visits those who do what is right, rather than what is popular.
“His was a quiet courage, a righteousness that never announced itself. His patriotism lived more in action than in words.”
Tinubu also recounted their political alliance, which culminated in the historic 2015 elections that marked Nigeria’s first democratic transfer of power from one ruling party to another.
“We stood together, he and I. Alongside others drawn from across the political spectrum, regions and tongues, we formed an alliance that enabled Nigeria to experience its first true democratic transfer of power from one ruling party to another.
“When he was sworn in as our party’s first elected President, he led with restraint, governed with dignity, and bore the burdens of leadership without complaint,” he said.
The President expressed admiration for Buhari’s post-office modesty, noting that he returned to his hometown, Daura, without seeking to wield influence behind the scenes.
“When his tenure ended, he returned to Daura; not to command from the shadows or to hold court, but to live as he always had, never seeking to impose his will but content to let others carry the nation forward.
“Even in death, he maintained the serenity that defined him in life: not a sigh, not a groan, just a quiet submission to the will of God. Such was the man Nigeria has lost. Such was the man for whom our nation now mourns,” he added.
Tinubu thanked the Inter-Ministerial Committee and Katsina State Governor, Dikko Radda, for organising a befitting state funeral within 48 hours, describing it as a “profound honour” to lead the burial procession in Daura.
He concluded his tribute with a prayer: “Mai Gaskiya, the People’s General, the Farmer President, your duty is done. May Almighty Allah forgive his shortcomings and grant him Aljannah Firdaus. May his life continue to inspire generations of Nigerians to serve with courage, conviction, and selflessness. President Buhari, thank you. Nigeria will remember you.”
Buhari died on Sunday, July 13, at the age of 82.
NEWS
C’River First Female NUJ Chairman Describes Tenure as Trial Period

The first female Chairman of the Nigeria Union of Journalists (NUJ) in Cross River, Archibong Bassey has said that her first tenure in office was a trial period.
Bassey, who was returned unopposed in council’s election, made the assertion in an interview on Thursday in Calabar.
The Bassey- led executive was first elected on 9th May 2025, to complete the tenure of Nsa Gill, who was then appointed as Chief Press Secretary to Gov.
Bassey Otu.The chairman, who thanked the members for keeping faith in her and her team, said that she would improve on her achievements while correcting any mistakes she might have made in her first tenure.
She pleaded that any member who she must have offended in the course of her leadership should forgive her as she was not perfect and called for unity among members.
“Let’s leave any form of rancour behind, I need all your support;push me from the back, support me as you can.
‘’Tell me your ideas of moving the council forward and not what someone told you about me; I am asking God for the spirit of humility and love, to enable me lead the council well.’’
Earlier in his goodwill message, Dr Erasmus Ekpang, Cross River’s Commissioner for Information, had commended the union’s unity in electing its new executives.
According to Ekpang, they will continue as a government to give the Cross River Council of NUJ what it needs and all the necessary support to enable it carry out its functions objectively.
“I want to thank you for your unity, it’s better to come unopposed, I believe one day, the Cross River Council will emerge as the best in the nation,” he said.
Other executive members who were returned unopposed are Mr Sunday Inah of the Cross River Broadcasting Corporation (CRBC) as Vice Chairman, Michael Abang of Business Day as Secretary.
Others are Kingsley Agim of the Cross River Ministry of Information as Assistant Secretary, Mrs Achiane Adams of the Ministry of Information, Treasurer, and Benedine Tete Anam of the Federal Radio Corporation of Nigeria (FRCN), Auditor.
NEWS
Gov Makinde Confered With Prestigious Chieftaincy Title of Aare Omoluabi of Akure Land by Akure Kingdom

The Akure Kingdom will today bestow a prestigious chieftaincy title, Aare Omoluabi of Akure Land, meaning President of the Respectable People, upon His Excellency, Governor Seyi Makinde of Oyo State.
The conferment ceremony, which will take place in Akure, Ondo State, marks a significant recognition of Governor Makinde’s exemplary leadership, integrity, and contributions to the advancement of Yoruba culture and national development.
The title, one of the highest honors in the Akure Kingdom, celebrates individuals who embody the virtues of respect, dignity, and service to humanity.
Governor Makinde’s conferment reflects his outstanding commitment to good governance, infrastructural development, and fostering unity across Nigeria.
The ceremony will be attended by traditional rulers, dignitaries, and government officials, underscoring the significance of this historic event.
This honor further strengthens the bond between Oyo and Ondo States, fostering mutual respect and cooperation for the progress of the Yoruba nation and Nigeria at large.