Connect with us


justice-ngwuta-okoro-ademola

Three weeks after the night raid on their homes by security agencies, the Federal Government will, today, formally file corruption charges against three senior court judges out of the seven, who were arrested and quizzed, last month.

The three jurists, whose cases are being filed today before the Federal High Court in Abuja, are Justices John Inyang Okoro and Sylvester Ngwuta of the Supreme Court, and a Federal High Court judge, Justice Adeniyi Ademola.

According to Vanguard, the case files of the three suspects, border mainly on money laundering and illegal possession of firearms.

While Justices Okoro and Ngwuta are to be charged with alleged money laundering, Ademola is facing charges of alleged money laundering and illegal possession of firearms.

The judges may risk no fewer than 58 years in jail, if convicted.

Sources close to the Federal High Court in Abuja, confirmed to Vanguard that the cases are to be filed today by the Federal Government to signal a legal battle that may shake and reshape the Nigerian judiciary.

According to court records, the Federal Government is charging them to court, pursuant to Sections 104 and 379 of the Administration of Criminal Justice Act, 2015.

Specifically, Justice Adeniyi Ademola is slammed with four charges, with two bordering on alleged money laundering and others pinned on alleged illegal possession of firearms and ammunition.

Ademola’s alleged offences

COUNT ONE—STATEMENT OF OFFENCE

Money laundering, contrary to section 16 (1) (d) of Money Laundering Act 2011 (as amended) and punishable under section 16 (2) (B) of the same Act.

PARTICULARS OF OFFENCE:

“That you Adeniyi Francis Adetokunbo Ademola ‘M, 63 years, of No 32, Samuel Ogbemudia Crescent, Apo Zone E, Abuja on or about the 7th day of October, 2016 at Abuja within the jurisdiction of the Federal High Court had in your possession, cash in the sum of Fifty Four Million Naira (N54, 000, 000.00) exceeding the amount authorised under the law and you, thereby, committed an offence contrary to Section 16 (2) (d) of the Money Laundering Act 2011 (as amended).

COUNT TWO — STATEMENT OF OFFENCE

Money laundering, contrary to Section 16 (1) (d) of Money Laundering Act 2011 (as amended) and punishable under Section 16(2) (b) of the same Act.

PARTICULARS OF OFFENCE:

“That you Adeniyi Francis Adetokunbo Ademola ‘M’, 63 years, of No 32, Samuel Ogbemudia Crescent, Apo Zone E, Abuja on or about the 7th day of October, 2016 at Abuja within the jurisdiction of the Federal High Court had in your possession the sum of One Hundred and Twenty-One thousand, Two hundred and seventy nine United States of American Dollars ($121,279) exceeding the amount authorised under the law and you, thereby, committed an offence contrary to Section 16 (1) (d) of Money Laundering Act, 2011 (as amended).

COUNT THREE — STATEMENT OF OFFENCE

Illegal possession of firearms contrary to Section 4 of Fire Arms Act, 2004 and punishable under Section 27 (1) (b) (I) of the same Act

PARTICULARS OF OFFENCE:

“That you Adeniyi Francis Adetokunbo Ademola ‘M, 63 years of No 32, Samuel Ogbemudia Crescent, Apo Zone E, Abuja on or about the 7th day of October, 2016 at Abuja within the jurisdiction of this Honourable Court had in your possession two Pump Action rifles without Licence and with serial numbers: AVAR MAGNUM 6084 and AVAR MAGNUM 6284 respectively and, thereby, committed an offence contrary to Section 4 of the Fire Arms Act, Cap F28 LFN 2004 and punishable under Section 27 (1) (b) (H) of the same Act.

COUNT FOUR—STATEMENT OF OFFENCE

Illegal possession of Ammunition contrary to section 8 of the Fire Arms Act, 2004 and punishable under section 27 (1) (b) (i) of the same Act.

According to legal experts, the judge could be jailed for up to one year on each count of illegal possession of firearms and ammunition, if convicted. If that applies, it means Ademola can spend up to two years on the two counts of illegal possession of firearms and ammunition and seven years each on the two counts of money laundering, bringing the total jail term to 16 years on the four counts.

Justice John Inyang Okoro of the Supreme Court

In the case of Justice Inyang Okoro of the Supreme Court, the Federal Government is slamming him with three count charges, all bordering on money laundering and the offences can land him in jail for no fewer than 21 years, if convicted.

According to lawyers familiar with money laundering offences, a suspect convicted for laundering can get a maximum of seven years on each count.

He is accused by the Federal Government of receiving $20,000 from a former Governor; N18,589,330 from a businessma, in addition to keeping the sum of $38,833.00 cash at home as at the night of October 7, 2016 when the DSS stormed his Abuja residence in search of the proceeds of crime.

He may spend up to seven years on each count of the three money laundering offences, making a total of 21 years, if convicted.

COUNT ONE – STATEMENT OF OFFENCE

Receiving gratification, contrary to Section 8 (1) of the Independent Corrupt Practices Commission Act, 2011 and punishable under the same section

PARTICULARS OF OFFENCE:

“That you John Inyang Okoro ‘Male, 57, of Lord Lugard Street, Area 11 Garki, Abuja, between the 7th August, 2014 and 16th July, 2015, corruptly received from a businessman (names withheld), through your personal bank account number 2000237945 domiciled at First Bank PLC, within the jurisdiction of this Honourable Court, the sum of Eighteen Million, Five Hundred And Eighty-Nine thousand Three Hundred And Thirty Naira (NGN 18,589,330.00) in the discharge of your official duties as a Judge of the Supreme Court of Nigeria, in contravention of, and punishable under Section 8 (1) of the Independent Corrupt Practices Commission Act, 2011.

COUNT TWO — STATEMENT OF OFFENCE

Money laundering, contrary to Section 16 (1) (d) of Money Laundering Act 2011 (as amended) and punishable under Section 16(2) (b) of the same Act

PARTICULARS OF OFFENCE:

“That you, John lnyang Okoro, adult, male, 57 years of age, on or about the 8th day of October, 2016 at 31, Lord Luguard Street, Area 11 Garki, Abula, FCT within the jurisdiction of this Honourable Court, did have in your possession in cash, without going through a financial institution, the sum of Thirty-Eight Thousand, Eight Hundred and Thirty Three US Dollars ($38,833.00) in cash, denominated in One Hundred US Dollar ($100) bills, exceeding the amount authorised under the law and you thereby committed an offence contrary to Section 16 (1) (D) of the Money Laundering Act 2011, and punishable under Section 16(2)(bH3) of the Money Laundering (Prohibition) Act, 2011.

COUNT THREE — STATEMENT OF OFFENCE

Receiving gratification, contrary to section 8 (1) of the Independent Corrupt Practices and other Related Offences Commission Act, 2000.

PARTICULARS OF OFFENCE:

“That you, John lnyang Okoro, adult, male, 57 years of age, between the 1st day of January and the 31st day of December 2011, corruptly received from a former governor (names withheld), through your personal bank account numbered 2025921238 domiciled at First Bank PLC, within the jurisdiction of this Honourable Court, the sum of Twenty Thousand US Dollars ($20,000.00) in the discharge of your official duties as a Judge of the Supreme Court of Nigeria, in contravention of, and punishable under Section 8 (1) of the Independent Corrupt Practices Commission Act, 2011.”

Justice Sylvester Ngwuta

Another Supreme Court Justice, Sylvester Ngwuta, is also facing a three-count money laundering charge and could as well spend up to 21 years in jail, if found guilty. According to the court papers, Ngwuta, like Justice Okoro, kept huge cash in local and foreign denominations, contrary to the Money Laundering Act. The DSS, which raided his home on the night of October 7, 2016, said it mopped up cash of N35.208 m, $319,596 and £ 25,890 from his home in Abuja. The judge later cried foul, and claimed the cash was planted.

COUNT ONE — STATEMENT OF OFFENCE

Money laundering, contrary to Section 16 (1) (D) of the Money Laundering Act 2011, and punishable under Section 16(2)(b)(3) of the Money Laundering (Prohibition) Act, 2011.

PARTICULARS OF OFFENCE:

“That you, Sylvester Nwali Ngwuta, adult male, 65 years of age, on or about the 8th day of October, 2016 at the 3 Arms Zone, Abuja, FCT,within the jurisdiction of this Honourable Court, did have in your possession in cash, without going through a financial institution, the sum of Thirty-Five Million, Two Hundred and Eighty Thousand Naira (NGN35,208,000.00) denominated in One Thousand Naira (NGN 1000) bills, exceeding the amount authorised under the law and you thereby committed an offence contrary to Section 16(1) (0) of the Money Laundering Act 2012.

COUNT TWO — STATEMENT OF OFFENCE

Money laundering, contrary to Section 16 (1) (D) of the Money Laundering Act 2011, and punishable under Section 16(2)(b)(3) of the Money Laundering (Prohibition) Act, 2011.

PARTICULARS OF OFFENCE:

“That you, Sylvester Nwali Ngwuta, adult, male, 65 years of age of Yellow House No. 2, Three Arms Zone, Central Area, Abuja on or about the 8th day of October, 2016 at the Yellow House No:2, Three Arms Zone, Central Area, Abuja, FCT, 3 Arms Zone, Abuja, FCT, within the jurisdiction of this Honourable Court, did have in your possession in cash, without going through a financial institution, the sum of Three Hundred and Nineteen Thousand, Five Hundred and Ninety- Six Dollars ($319,596) denominated in One Hundred US Dollar ($100) bills, exceeding the amount authorised under the law and you thereby committed an offence contrary to Section 16 (1) (D) of the Money Laundering Act 2011, and punishable under Section 16(2)(b)(3) of the Money Laundering (Prohibition) Act, 2011.

COUNT THREE — STATEMENT OF OFFENCE

Money Laundering, contrary to Section 16 (1) (D) of the Money Laundering Act 2011, and punishable under Section 16(2 of the Money Laundering (Prohibition) Act, 2011.

PARTICULARS OF OFFENCE:

“That you, Sylvester Nwali Ngwuta, adult, male, 65 years of age, on or about the 8th day of October, 2016 at the Yellow House No:2, Three Arms Zone, Central Area, Abuja, FCT, within the jurisdiction of this Honourable Court, did have in your possession in cash, without going through a financial institution, the sum of Twenty-Five Thousand Eight Hundred and Ninety Pounds Sterling (GBP25,890) denominated in Fifty Pounds Sterling (GBP50) bills, exceeding the amount authorised under the law and you thereby committed an offence contrary to Section 16(1) (D) of the Money Laundering Act 2011.”

The charges were supported by an affidavit deposed to by Moses Idakwo, of the DSS, the agency, which carried out the sting operation on the suspected judges. Idakwo said the DSS, which conducted investigation into the three cases, affirmed that the investigation had been concluded and that he had the consent of the agency to depose to the affidavit.

The officer also confirmed that a Principal State Counsel in the Office of the Department of Public Prosecutions of the Federation had confirmed to him that the opinion of the prosecution was that the investigation had so far revealed a prima facie case against the Defendants.

It was learned, last night, that the DSS would at the trial, rely on the Authority of the National Security Agencies Decree of 1986 (Cap 278 LFN) to justify its sting operation, which resulted in the huge cash and money laundering charges against the suspected judges.
Section 3 (1) of the law states: “For the purpose of facilitating the discharge of its functions under this instrument, personnel of the State Security Service, are hereby conferred with powers of a Superior Police Officer in respect of searches and arrests.”

BIG STORY

FACT CHECK: Kemi Badenoch’s Claim That Her Children Can’t Get Nigerian Citizenship Is False — Report

Published

on

Kemi Badenoch, the head of the United Kingdom’s Conservative Party, has stated that she is unable to pass on her Nigerian citizenship to her children because she is a woman.

Speaking on Sunday during an interview with CNN’s Fareed Zakaria, Badenoch attempted to highlight differences between the immigration systems of Nigeria and the United Kingdom.

She argued that Nigerians have an easier path to acquiring British citizenship compared to the difficulty foreigners face in becoming Nigerian citizens.

She said, “It’s virtually impossible, for example, to get Nigerian citizenship. I have that citizenship by virtue of my parents, I can’t give it to my children because I’m a woman.”

She added, “Yet loads of Nigerians come to the UK and stay for a relatively free period of time, acquire British citizenship. We need to stop being naive.”

Badenoch’s statement sparked widespread responses from Nigerians, many of whom questioned the accuracy of her comments.

Born in the UK to Yoruba Nigerian parents, Olukemi Adegoke was raised in Nigeria for much of her early years before returning to the UK at the age of 16.

Before relocating to the UK, she attended a private school in Lagos for her primary education, without needing a student visa due to her Nigerian citizenship.

A student visa (R7A) is typically issued to foreign nationals studying in Nigeria. Nigerian citizens are exempt from this requirement.

She later married Hamish Badenoch, a banker from Scotland, and took his surname, becoming known as Kemi Badenoch.

The couple has three children.

Verification

CableCheck reviewed Badenoch’s claims based on the provisions of the Nigerian Constitution.

Under section 25(1)(c) of the 1999 Constitution, a child born outside Nigeria qualifies as a Nigerian citizen if either parent holds Nigerian citizenship.

This indicates that having one Nigerian parent is enough for a child to be considered a Nigerian citizen by birth. Therefore, Badenoch’s children automatically qualify.

Being a citizen by birth in Nigeria means that a person is granted citizenship from birth, based on their parents’ or grandparents’ Nigerian citizenship, not just their place of birth.

Such citizenship confers all rights under the law, including free entry into Nigeria and protection under the Constitution.

Nigerian law also permits dual citizenship, with specific guidelines.

According to Section 28(1), a person born as a Nigerian citizen may hold citizenship of another country without losing Nigerian citizenship.

However, someone who becomes Nigerian by registration or naturalisation loses Nigerian citizenship if they also acquire or retain another nationality.

Importantly, the Constitution does not make any distinction based on gender when it comes to citizenship by birth.

Gender plays a role only in cases involving foreign spouses.

Section 26(2)(a) of the Constitution provides that “any woman who is or has been married to a citizen of Nigeria” can be granted Nigerian citizenship.

Men who marry Nigerian women are not automatically eligible for citizenship by registration and must instead apply through naturalisation, which has stricter requirements.

This would make it harder for Badenoch’s husband, who is Scottish, to gain Nigerian citizenship automatically. However, this limitation does not apply to their children, who have Nigerian ancestry through their mother and grandparents.

Ashleigh Plumptre: A Case Of Mixed Heritage And Citizenship

Ashleigh Plumptre, 27, is a British-Nigerian professional footballer.

She plays as a central defender for Al-Ittihad in the Saudi Premier League and for Nigeria’s women’s national team, the Super Falcons.

Her father, Tim Plumptre, is of Nigerian heritage and hails from Lagos, while her mother is English.

Prior to the 2022 Women’s Africa Cup of Nations (WAFCON), Plumptre chose to represent Nigeria, acknowledging her Nigerian roots over continuing her football career with England.

In a recent interview, Tim Plumptre said he made sure to instill cultural awareness in his daughter by encouraging her to connect with her Nigerian family, including her grandfather Harry Dotun Plumptre.

Ashleigh Plumptre is one of the 24 players representing Nigeria in the ongoing 2025 WAFCON.

Verdict

The claim by Badenoch that she is unable to pass her Nigerian citizenship to her children is incorrect. This would only be true if she had renounced her Nigerian citizenship.

 

Credit: The Cable

Continue Reading

BIG STORY

Muhammed Babangida Accepts BOA Chairmanship, Thanks President Tinubu

Published

on

Muhammed Babangida has officially accepted his appointment as Chairman of the Bank of Agriculture (BOA), expressing deep gratitude to President Bola Ahmed Tinubu for the trust reposed in him.

In a press statement released Monday, Babangida dismissed as false and malicious the reports circulating online suggesting he had rejected the appointment. He described such claims as a deliberate attempt to mislead the public and tarnish the image of the Tinubu administration.

“We wish to clarify that Muhammed gratefully accepts the appointment as Chairman of the Bank of Agriculture, as announced by the federal government, and extends his sincere appreciation to President Tinubu for the trust and confidence bestowed upon him,” the statement read in part.

It further assured the public that those behind the fake reports would be identified and held accountable.

“We also want to assure the public that those spreading these falsehoods will be thoroughly investigated and brought to justice. We remain committed to transparency, accountability, and fostering unity within our nation,” it added.

The statement concluded with a call for Nigerians to remain discerning and to verify information from credible sources.

Muhammed Babangida’s appointment was among several strategic appointments approved by President Tinubu to strengthen leadership across key government institutions.

Continue Reading

BIG STORY

TINUBUNOMICS: Nigerian Stocks Are Experiencing Their Best Run Under Any President Since 1999 — Report

Published

on

Nigerian stocks have seen an exceptional surge under President Bola Ahmed Tinubu, marking the strongest performance by the market during any civilian administration since 1999.

Based on Nairametrics analysis, the All-Share Index (ASI) has increased by 136% since Tinubu took office in May 2023.

From 55,769.28 points on May 29, 2023, the ASI has risen to approximately 131,000 points, setting a new benchmark in the history of the Nigerian capital market.

This represents the largest market growth recorded at a comparable point in any presidency since the country’s return to democracy.

For context:

During the Buhari presidency at this point in 2016, the market was up by 4.47%.

Under Goodluck Jonathan, the gain was 47% as of June 2013.

During the Yar’Adua tenure, the market had dropped by 49% during Nigeria’s most severe market crash.

The Obasanjo government had seen a 115% increase by July 2001.

Looking at market capitalization, the Nigerian Exchange (NGX) grew from around N30 trillion in May 2023 to beyond N75 trillion, adding N45 trillion in value.

Even though this growth may appear smaller when exchange rate depreciation is factored in, it still stands out against the backdrop of broader economic difficulties.

What’s driving the rally?

President Tinubu’s reform-oriented economic policies have significantly contributed to the stock market’s rise.

The government’s decisions such as removing fuel subsidies and unifying the foreign exchange rate have been critical in improving investor confidence and strengthening public finances.

Despite causing inflation and putting pressure on household incomes, these reforms have earned recognition from global financial bodies and investors for being market-friendly and essential for future growth.

Several additional factors have also boosted market performance:

The Central Bank’s bank recapitalization program has elevated bank stock values and drawn new capital into the exchange, with over N5 trillion expected to be raised by 2026.

Increased FAAC allocations after the subsidy removal have injected more liquidity into the economy.

Fewer opportunities for currency speculation have led investors to seek better yields from equities and other financial instruments.

The money supply has expanded significantly, helped by funds left over from previous administration’s Ways and Means borrowing.

High interest rates, currently at 27.5%, have also prompted more investment in stocks and bonds.

Many listed firms have posted profit increases, even as consumers face rising prices and reduced purchasing power.

Local investors in the driver’s seat
Nairametrics noted that local retail and institutional investors have been the main force behind the ongoing market rally, even though foreign investor participation has risen slightly in early 2025.

Between January and March 2025, local trades amounted to N1.418 trillion, making up 63.63% of the total N2.23 trillion market activity.

During the first two years of Tinubu’s presidency (May 2023 – May 2025), figures from NGX’s Domestic and Foreign Portfolio Report show that Nigerian investors accounted for N9.375 trillion of the N11.535 trillion total transactions, while foreign investors contributed N2.159 trillion.

This change shows growing trust among Nigerians in the stock market, especially with fewer investment alternatives available.

Sectors such as banking, agriculture, manufacturing, and oil and gas have seen significant gains, with numerous leading stocks reaching record highs.

For instance, banks added more than N7 trillion in value between 2023 and 2025, with GTCO alone rising by N2 trillion and Zenith Bank by N1.7 trillion.

In telecoms, MTN Nigeria’s market capitalization grew by over N3 trillion, while Airtel Africa gained about N1.8 trillion.

Recent listings and upcoming public offerings have also improved investor sentiment. Aradel Holdings, which joined the exchange last year, added over N2 trillion in value. Future listings like Dangote Fertilizer and a potential NNPC IPO could continue this momentum.

What next

By mid-July 2025, Nigerian equities had risen by 27.84% for the year, and analysts predict that the market could end the month with double-digit returns. If this positive trend continues throughout the year, Tinubu may be remembered as the president with the strongest stock market legacy.

However, many Nigerians still feel disconnected from the market’s gains, as they struggle with rising costs, limited job opportunities, and access to basic services.

Ultimately, public opinion may be shaped not by stock charts but by how well the average citizen fares economically.

That said, for analysts and investors, the performance data tells its own story. The Nigerian stock market is in an unprecedented bull run—and it is unfolding under the leadership of President Tinubu.

 

Credit: Nairametrics

Continue Reading

Most Popular