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Maina and ‘Authority Stealing’

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By Wole Olaoye

A thief is a thief, whether he steals a golden crown or a cocoyam. The way we are now glamourising stealing and making celebrities of common felons, indicates that we are too far gone in our descent into amoralism.

It wasn’t quite many decades ago when stealing was a shameful thing.

There was something called a ‘family name’, which would be tarnished if any member of that family was caught stealing.
People would rather die poor than feed fat on stolen funds. The worth of a family lineage was measured on the scale of integrity. Marriages were cancelled if pre-nuptial investigations revealed that one of the forebears of either party had been a thief aeons ago.
Now, who cares?

Thieving is now a badge of recognition in an era when it is fashionable to live fast, die young, and have a chubby-looking corpse. But if your death is going to make people roll out the drums in celebration of good riddance, what then have you lived for?

Abdulrasheed Maina, former pension reform boss, had his day in court after a most melodramatic saga across four different countries.

He has thrown in every trick in infamy to escape justice. He first fled to Europe and then showed up in the United Arab Emirates (UAE) before negotiating a secret return through some highly placed contacts, who kept him one step ahead of the law. The impression many people had was that the man was simply not arrestable. When you have tons of unearned billions and you are willing to share a fraction of the loot with accomplices, you cannot lack takers in today’s Nigeria.

When he re-emerged in Abuja and checked into a hotel under cover, the security agents ferreted him out, but not before his then teenage son, Faisal, had pulled a gun on security operatives. The young man was a final year Telecoms Engineering student at the Canadian University of Dubai. He was disarmed and arrested with his father. Among the items recovered by security agents on the occasion were a pistol with live ammunition, a bulletproof Range Rover SUV, a BMW saloon car, foreign currencies, a Phantom 7 drone and ‘sensitive documents’.

The legislator representing Maina’s home base in the Senate, Senator Ali Ndume, decided to stand surety for the accused, signing a N500 million bail bond. Shortly after he was granted bail, Maina fled again. Furious, Justice Okon Abang ordered Senator Ndume remanded in prison custody. To regain freedom, the senator was given three options: Produce the fugitive in court; pay the N500 million bail bond into the Federation Account; or forfeit his property in Asokoro, Abuja, worth N500 million, to the Federal Government.

Security operatives followed a trail that led to Niger Republic before they could re-arrest Maina. Upon re-arraignment, he displayed consummate acting skills as he slumped in court. He did not faint when he was jumping bail; he was hale and hearty as he criss-crossed various neighbouring countries, but he ‘fainted’ in the temple of justice when confronted with details of his monumental theft.

Maina reminds one of Fela Anikulapo’s evergreen number, “Authority Stealing”. When a person with a wonky mind suddenly finds himself in a position of authority, the thief in him is not cured by his ascendancy to that exalted position. If he had been a man of lower status, he would steal a mango. In an exalted position, he would readily steal his people’s tomorrow. There is no greater thief than he who steals hope by robbing retirees of their pension.

One of the prosecution witnesses, Rouqayyah Ibrahim, told the court that Maina acquired properties in Dubai, United Arab Emirates, United States of America, and a $2 million property in Jabi, Abuja.

In Dubai, his firm, Northrich Company, owned over 50 cars that were used for transportation business and he owns a villa in a High Ground area. His wife, Laila Abdurrasheed, also owns cleaning services, called Spotless and Flawless. Another of Maina’s companies, Kangolo Dynamic, has not done any business but was swimming in hundreds of millions. Another outfit, Colster Logistics, had a dollar account with an inflow of over four hundred thousand dollars from cash deposits. Over N500 million was discovered in the account of Kangolo Dynamic.

At the end, when the judge pronounced a sentence of 61 years (effectively eight years) on an unrepentant Maina, many people thought that Maina got away lightly.

The court also ordered Maina and his firm, Common Input Property and Investment Limited, to restitute about N2.1 billion to the Federal Government, after which it ordered that the company should be wound up.

Sir Terence David John Pratchett OBE, the English humorist, satirist and novelist, would have described Maina as a special kind of thief: “This thief was an artist of theft. Other thieves merely stole everything that was not nailed down, but this thief stole the nails as well.”

Before Maina was canned, his fugitive son, Faisal, had been sentenced to 14 years imprisonment, having been found guilty on all the three counts of money laundering involving N58.1 million of public funds. Faisal was absent from court when the judge read the judgement convicting him on all the three counts and sentencing him on Thursday. The convict is believed to have fled to the United States.

Many of Maina’s victims died of poverty. When they could not access their expected retirement benefits, their old age became one of misery, of regret for serving an ungrateful nation. With the humongous amounts Maina moved around from the sweat of hapless citizens, it is clear that if he ever serves out his eight-year jail term, he will retire into affluence.

Someday soon, when the nation is ready to confront corruption headlong, instead of simply pinching its toes, we shall have to have a conversation on the role of lawyers in oiling the engine of the monster. If your theft is massive enough, senior lawyers will be falling over each other to take your brief. And they will apply all the tricks in the books to stultify the cause of justice. The old pensioners had to depend on the state through the Economic and Financial Crimes Commission (EFCC) to fight their case while the thief lined up an array of senior counsels.

Of course, I do agree that every accused person is presumed innocent until proven guilty and that every lawyer has a right to design the kind of defence he wants to put forward for his client. However, the way we allow the law to be bent in the service of prominent thieves will be the death of us all. Isn’t there something called morality anymore?

The EFCC has done well to successfully prosecute this redoubtable felon. Forgiveness is out of the question for two reasons: (a) The thief had no mercy on the helpless pensioners whose entitlements he brazenly stole; and (b) the hermit says If you forgive the hyena for stealing your fowl, next time he will take your goat.

Let Maina’s conviction be only the beginning. There are still hundreds of penitentiary candidates out there waiting to be harvested.

Whose Attorney-General?

There are serious questions as to who Abubakar Malami, federal Attorney-General and Minister of Justice, is serving — and whether or not he has his hands in the illegal storming of Supreme Court Justice Mary Odili’s residence by fake security men. Malami’s ‘loyalty’ to four consultants, who want to cream off $419 million from federal allocation to states, puts him in the direct line of the governors’ fire. At the official rate of N411 to the dollar, that amounts to N172, 472, 970,000 (about N172.5 billion) for a few scraps of paper in the name of consultancy. In Black Market lingo, that is about N224.2 billion.

Only in Nigeria is that kind of shakedown possible.

While awaiting judicial pronouncements on the matter, perhaps the AGF will now react to Lawyer Femi Falana’s call on him to recover a $62 billion debt owed by six international oil companies, namely Shell Petroleum Development Company, Mobil Producing Nigeria Unlimited and Chevron Nigeria Limited, Nigeria Agip Oil Company, TotalElf Nigeria and Pan Ocean Oil Company.

Acting on behalf of the People’s Alternative Political Movement (PAPM), the Senior Advocate of Nigeria wrote: “Our clients have instructed us to remind you that the Federal Government has not enforced the above-mentioned Judgment of the Supreme Court of Nigeria delivered on October 20, 2018. In the said Judgment the apex court had directed the Federal Government to immediately take steps to recover all revenues lost to oil-exploring and exploiting companies due to wrong profit-sharing formula since August 2003.”

I think the recovery of the said funds should be in the AGF’s front burner, that is assuming that he is Attorney-General of the Federation — and not AG of special interests or AG of executive whims.

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Guinea Insurance Reports N1.42bn Revenue Growth in H1 2025

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Guinea Insurance says it generated N1.42 billion revenue growth in the first half of 2025, representing a 12.38 percent increase from N1.27 billion recorded in the same period of 2024.The company announced this through a corporate disclosure through the Nigerian Exchange Ltd.

Profit after tax for the six months period declined by 198.
95 per cent to a loss of N114.7 million from a gain N115.
9 million reported the previous year.The company’s total asset grew from N5.704 billion in the first half of 2024 to N6.97 billion in 2025.Total liabilities stood at N1.86 billion, down from N1.85 billion in June 2024Earnings per share (EPS) of the company dropped to 1.44 kobo from the EPS of 1.46 kobo reported same period last year.
N278.07 million was generated as investment income.(NAN)

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Benue killings: Police Burst Bandits Hideout, Recover Rifles

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From Attah Ede, Makurdi, Joseph Amedu, Lokoja and Dan Amasingha, Minna

Operatives of the Force Intelligence Department–Intelligence Response Team (FID–IRT) have apprehended two notorious illegal arms dealers and some bandits who participated in the recent herdsmen attack on Yelewata community and recovered a cache of deadly weapons in Abinsi town, Guma Local Government Area of Benue State.

The Force police public relations officer (FPPRO), Muyiwa Adejobi who disclosed this in a statement yesterday in Abuja, said the Police operatives successfully intercepted and dismantled a notorious arms supply syndicate responsible for arming bandits in Benue State and other North-Central States.
Adejobi explained that on June, 21, operatives of the FID-IRT acting on credible intelligence on the activities of some bandits who participated in the Yelwata killings, stormed the hideout of the bandits in a forest at the boundary of Kardako, Nassarawa State and Yelwata in Benue State.He maintained that a fierce gun duel ensued causing the bandits to flee with various degrees of gunshot injuries and in the process 2 GPMG were recovered from their hideout in the process He added that on July 8, 2025, operatives of the Force Intelligence Department – Intelligence Response Team (FID-IRT), in a tactical operation, along the Lafia–Makurdi expressway in Makurdi, Benue State, arrested one Abubakar Isah, aged 25, found in possession of 3 AK47 rifles and 1002 rounds of 7.62mm live ammunition.According to him, the arrest followed actionable intelligence indicating an impending arms movement intended for distribution to bandits groups known to be terrorizing various communities in Benue State.”In furtherance of Police investigation on the deadly attacks by bandits on communities in Benue State, Police operatives have again successfully intercepted and dismantled a notorious arms supply syndicate responsible for arming bandits in Benue State and other North-Central States.”Further investigations revealed that the arms and ammunition were supplied by a notorious arms dealer, Jacob Adikwu, operating from Abinsi, Guma Local Government area of Benue State, and was to be delivered to one Dan Hassan, a bandit kingpin known for orchestrating deadly attacks against communities across Benue, Nasarawa, Kogi, Niger, and Kwara States.”In another related development, on the 12th of July, 2025, FID-IRT operatives acting on credible intelligence arrested one ibrahim AKA Chelsea, who confessed to have sent the sum of Six Million Five Hundred Thousand Naira( 6,500,000) to the same Adikwu Jacob, Six Million Naira (6,000,000) being payment for delivery of 2 AK47 rifles and 2000 rounds of live ammunition, while Five Hundred Thousand Naira (500,000)would serve as payment for construction of a compartment in the Volkswagen vehicle to conceal the said arms for transportation to Kwara State. “In a swift follow-up clearance operation, the operatives stormed Abinsi town and successfully apprehended Jacob Adikwu on 16th July 2025 and recovered three (3) AK-47 rifles, 220 rounds of live ammunition and a volkswagen car from his hideout. Further investigation carried out by the operatives on the 17th July 2025, led to the recovery of additional five (5) AK-47 rifles, one rocket launcher, and 1000 rounds of live ammunition from the same arms dealer.Adejobi maintained that efforts were being intensified to ensure Dan Hassan and other criminal elements responsible for terrorizing Benue State and other parts of the country are brought to book, while others in custody will have their day in court upon conclusion of investigation.He added that the Inspector-General of Police, Kayode Egbetokun, commended the operatives for their doggedness at all times, and reiterated that there will be no hiding place for those who profit from the bloodshed of innocent Nigerians.Kogi, Kwara Security Joint Forces Arrests 12 Suspected Kidnappers, One InformantTwelve suspected kidnappers and one informant have been arrested in a coordinated security operation carried out across parts of Kogi and Kwara States.This was disclosed by the Kogi State Commissioner for Information and Communications, Kingsley Fanwo through a press statement yesterday in Lokoja.He said the suspects were apprehended during a series of raids jointly executed by the Hybrid Force from the Office of the National Security Adviser and Officers and Men of the Forward Operating Base (FOB), Egbe. The operations covered Isanlu-Esa and Okoloke in Yagba West Local Government Area of Kogi State, and Patigi, Lafiagi and Gbugbu in Kwara State.The statement identified the suspected kidnappers as Mainasara Abubakar, Sadik Abubakar, Jude Sani, Sanda Abubakar, Lawali Usman, Tukur Shehu, Hassan Abubakar, Kabiru Surajo, Makiri Dodo, Bala Hassan, Umaru Sanda, and Ruwa Abubakar. Also arrested was Rabiu Makeri, who is believed to be an informant for the gang.According to the statement, the security forces engaged the suspects in a fierce gun battle, during which some of the kidnappers fled, abandoning their motorcycles and kidnap victims. Several kidnapped women were successfully rescued during the confrontation.The Commissioner further assured the public that the arrested suspects will face full prosecution after investigations, reaffirming the state’s zero-tolerance stance on criminality.In a separate remark, the Executive Chairman of Yagba West LGA and ALGON Chairman for Kogi State, Hon. Tosin Olokun, expressed gratitude to Governor Ahmed Usman Ododo for providing the logistics and support that enabled the success of the operation.“Governor Ododo promised to restore peace to Yagba West and Yagba as a whole. Today, he has backed those words with decisive action. We can now heave a sigh of relief. The people of Yagba are grateful for his leadership and the results it is delivering,” Olokun said.The Kogi State Government emphasized its ongoing commitment to working with federal and regional partners to ensure the safety and security of all communities within the state.Cholera Outbreak Claims 13 Lives over 236 hospitalized in Six Niger LGAsA Cholera outbreak has been reported in parts of Niger State that has claimed twelve lives and led to the hospitalization of about 236 patients.It was gathered that the outbreak was first reported on Sunday in Shiroro local government area of Niger State.The water borne disease has claimed over 12 lives as of Wednesday from over four local government areas of the state.Sources disclosed that the worst hit local government areas are Minna, Bosso, Shiroro, Magama, Bisa and Munya Local government councils.The Health care official noted that over 239 people have been afflicted by the disease and are currently receiving medical attention across several primary healthcare centres across the affected councils.Worried by the development, the State government has opened an isolation centre at the old wing of late Senator Idris Ibrahim Kuta primary healthcare centre along old airport road Minna.Confirming the development, Commissioner of primary healthcare, Dr. Ibrahim Ahmed Dangana said the State government has swung into action by setting up a multi sectoral approach to halt the epidemic in the six local government areas.The Commissioner disclosed that, a treatment and isolation centres has been set up in each of the affected local government areas with a view of arresting the spread.”We have set up treatment and isolation centres to mitigate and also embarking on aggressive sensitization exercises”The campaign is now targeting religious bodies like CAN and Islamic bodies and the entire eight Emirates of the State.”The Commissioner commended Governor Mohammed Umar Bago for his commitment and all the donor agencies for coming to the aid of the State.Collaborating with the Commissioner, Director of public health Ministry of tertiary health care, Dr. Ibrahim Idris said Chanchaga (Minna) Bosso and Shiroro local government area are the worst hit Councils.

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CBN Holds MPC Meeting, Maintains Lending Rate at 27.5%

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The Central Bank of Nigeria (CBN) has, once again, kept its key lending rate, known as the Monetary Policy Rate (MPR), at 27.5 percent.The Governor of CBN, Yemi Cardoso announced the decision yesterday in Abuja, following the 301st Monetary Policy Committee (MPC) meeting.Cardoso said that all 12 MPC members voted unanimously to hold all key monetary parameters.

The committee, thus, retained the cash reserve ratio at 50 percent for deposit money banks and 16 per cent for merchant banks.
It also retained a liquidity ratio at 30 per cent, and the asymmetric corridor was held at +500/-100 basis points around the MPR.With this decision, the MPC has retained the rates for three consecutive meetings.
(NAN)

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