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JUST IN: FG Drags Roosevelt Ogbonna’s Access Bank To Court Over Alleged Fraudulent Diversion Of N825 Million State Funds

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Access Bank Plc and one of its employees are facing legal action. A four-count charge has been filed against them at the Federal High Court. The charges relate to the alleged diversion of N825.9 million in state funds into what is described as a “fraudulent account.”

The charges were brought by the federal government. They are the result of an investigation conducted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). This information is based on “court documents seen by this newspaper.”

The charges, filed at the Sokoto Judicial Division, name Abdulmalik Abubakar, a relationship manager at Access Bank’s Sokoto branch, and the bank itself as defendants. They are accused of conspiracy, money laundering, and “concealment of stolen funds.”

The state counsel in the first count alleges that the defendants created a fake “Internal Revenue Service Account” with the account number 1873016763. It is claimed that they received N825.9 million through this account between May 2024 and January 2025. This is alleged to be in violation of Nigeria’s Money Laundering Act of 2022 and the Corrupt Practices Act of 2000.

The second count accuses them of allegedly concealing the same funds. This concealment is said to have occurred through the same “fraudulent account,” which was reportedly created at Access Bank’s Sokoto branch.

According to the court, the bank and Mr. Abubakar allegedly committed an offense that is contrary to section 18 (2)(a) and punishable under sections 18(3), 18 (4), 22(1), and 22(2) of the Money Laundering (Prevention and Prohibition) Act, 2022. This specifies the legal statutes that were purportedly violated.

In Count Three, prosecutors assert that the money was fraudulently received through the fake account. This action, they say, constitutes “an offence contrary to section 13 and punishable under section 68 of the Corrupt Practices and Other Related Offences Act, 2000.” This outlines another specific legal violation.

Count Four alleges that Mr. Abubakar and the bank directly concealed the laundered funds. This is claimed to be “an offence contrary to and punishable under section 24 of the Corrupt Practices and Other Related Offences Act, 2000.” This presents the final count in the charges against the defendants.

The state contends that the money was diverted without authorization and concealed in violation of anti-corruption and money laundering laws. This summarizes the federal government’s case against Access Bank and its employee.

According to a “hearing notice signed on 2 May,” the case has been moved from the General Cause List to a hearing scheduled for 19 May. The hearing will proceed on that date if the court’s schedule permits; otherwise, it will be postponed without further notification. The hearing is estimated to last up to two days.

The notice specifies that any party wishing to postpone the hearing must apply to the court promptly and provide proof if the reason involves factual matters. This sets out the procedure for seeking a postponement.

The notice also states that both parties must present all evidence at the hearing, including witnesses and documents. Evidence must be submitted during the hearing, and failure to do so may result in exclusion or the imposition of costs. This emphasizes the importance of presenting all relevant information at the scheduled time.

It further indicates that parties wanting witnesses to attend should immediately request the court to issue summons, allowing sufficient time for notification. If witnesses are required to bring documents, these must be clearly specified. This outlines the process for ensuring witness attendance and document production.

The notice clarifies that the party requesting witnesses must pay reasonable fees to cover their expenses and loss of time, as determined by the court. Attendance may be denied if these fees are not deposited. This addresses the financial responsibilities associated with witness testimony.

The notice also states that if either party intends to use documents held by the other, they must provide written notification ahead of the hearing. Failure to do so will prevent them from presenting secondary evidence related to those documents. This establishes rules regarding the presentation of documentary evidence.

The notice was officially issued by order of the court. This confirms the legal authority behind the instructions provided in the hearing notice.

When contacted for a response, the Access Bank spokesperson, Kunle Aderinokun, stated that the bank would issue an official statement regarding the matter. This indicates that the bank is aware of the charges and intends to address them publicly.

The information in this report is attributed to “Source Premium Times,” indicating the original source of this news.

BIG STORY

Police To Resume Nationwide Tinted Glass Permit Enforcement January 2, 2026

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The Nigeria Police Force has announced that it will resume the nationwide enforcement of the tinted glass permit policy from January 2, 2026, citing growing security concerns linked to the misuse of unauthorized tinted vehicle glass.

The announcement was contained in a statement issued on Monday by the Force Public Relations Officer, Chief Superintendent of Police Benjamin Hundeyin.

The police said the decision followed a review of emerging security threats and the need to enhance public safety, pending the final determination of a related matter currently before the court.

The Force clarified that there was no court order restraining it from enforcing the law regulating the use of tinted glass on vehicles.

It explained that enforcement was earlier suspended in the interest of transparency and public convenience, to allow motorists sufficient time to regularize their documentation and complete the permit application process without pressure.

According to the statement, recent security trends have revealed a rise in criminal activities carried out with the aid of vehicles fitted with unauthorized tinted glass.

Such vehicles, the police noted, have been used by criminals to conceal their identities while committing offences including armed robbery, kidnapping and other violent crimes.

In view of these developments, the police said the resumption of enforcement had become necessary and urgent as a proactive step to safeguard lives and property across the country.

“Recent trends, however, reveal a disturbing rise in criminal activities perpetrated with the aid of vehicles fitted with unauthorized tinted glass.

“Some individuals and organized criminal groups have exploited this gap to conceal their identities and facilitate crimes ranging from armed robbery to kidnapping and other violent crimes.

“In view of this, the Nigeria Police Force has found it both necessary and urgent to resume full enforcement as a proactive measure to safeguard our communities. Consequently, enforcement of Tinted Glass Permit will resume on 2nd January, 2026,” the statement read.

 

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BIG STORY

Buhari Believed Aso Rock Gossip I Planned Killing Him, Began Locking His Room —— Aisha

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Former First Lady, Aisha Buhari, has narrated how her husband, the late President Muhammadu Buhari “began locking his room” following gossip in Aso Rock that she (Aisha) planned to kill him.

The ex-First Lady also said the health crisis that forced Buhari, to take 154 days of medical leave in 2017 began with a broken feeding routine and mismanaged nutrition.

She argued that Buhari’s illness was not a mysterious ailment or poisoning.

Her account of the health crisis appeared in a new 600-page biography, ’From Soldier to Statesman: The Legacy of Muhammadu Buhari’, authored by Dr. Charles Omole, launched at the State House on Monday.

It read, “According to Aisha Buhari, her husband’s 2017 health crisis did not originate as a mysterious ailment or a covert plot. It started, she says, with the loss of a routine; ‘my nutrition,’ she describes it, a pattern of meals and supplements she had long overseen in Kaduna before they moved into Aso Villa.”

The former First Lady convened a meeting with close staff, including the physician, Suhayb Rafindadi; the CSO, Bashir Abubakar; the housekeeper, and the SSS DG to explain the plan.

She said, “Daily, cups and bowls with tailored vitamin powders and oils, a touch of protein here, a change to cereals there.”

“When the Presidency’s machinery took over our private lives, she explained the plan: daily, at specific hours, cups and bowls with tailored vitamin powders and oil, a touch of protein here, a change to cereals there. Elderly bodies require gentle, consistent support,” Omole narrated.

However, the routine frayed.

“Then came the gossip and the fearmongering. They said I wanted to kill him,” the book quotes her as saying.

“My husband believed them for a week or so,” she said, revealing that the President began locking his room, changed small habits, and crucially, “meals were delayed or missed; the supplements were stopped.”

“For a year, he did not have lunch. They mismanaged his meals,” she added.

The deterioration culminated in Buhari’s two extended medical trips to the United Kingdom, totalling 154 days in 2017, during which he ceded authority to Vice President Yemi Osinbajo.

Upon return, he admitted to being “never so ill” and having received blood transfusions.

Buhari’s absences “sparked rumours, speculation, and even conspiracy theories,” Omole wrote.

Mrs Buhari debunked stories of plots to poison her husband.

Her contention, Omole noted, is that “loss of a routine, ‘my nutrition,’ was the genesis of the crisis.”

In London, doctors prescribed an even stronger regimen of supplements, he explained.

Initially, Buhari “was frightened and not taking them as prescribed. So she took charge of his welfare, slipping hospital-issued supplements into his juice and oats,” it read.

The former First Lady described the turnaround as swift, noting, “After just three days, he threw away the stick he was walking with. After a week, he was receiving relatives.”

“‘That,’ she says, ‘was the genesis, and also the reversal of his sickness,’” the book stated.

According to Omole, critics said Buhari’s reliance on UK hospitals exposed the failure of Nigeria’s health system.

A “more compassionate perspective,” he wrote, recognises that a man in his 70s may require specialised care “not readily available in Nigeria” after “decades of underinvestment.”

He also noted Buhari’s habit of handing power to his deputy during absences, which, he said, ensured “institutional propriety, even during personal health crises.”

The book also revealed a climate of mistrust around the Presidency.

Mrs Buhari alleged surveillance, the bugging of the President’s office with listening devices and playback of private conversations, saying, fear and conscience “contributed to taking his life.”

She refuted the long-held rumour that Buhari had a body double, popularly known as “Jibril of Sudan,” as absurd, arguing that poor strategic communication in government allowed simple, banal developments to metastasise into conspiracies.

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BIG STORY

Dangote Releases Details of ‘$5m Spent By NMDPRA CEO’ On His Children’s Secondary School Education In Switzerland [PHOTO]

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Aliko Dangote, chairman of the Dangote Group, says Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his children in Switzerland.

In a paid newspaper advert on Tuesday, the billionaire said Ahmed paid the said amount for four of his children, covering a period of six years.

On Monday, Dangote had alleged that Ahmed Farouk “paid $5 million” to a Swiss secondary school for his children’s education, describing the act as “economic sabotage and corruption”.

Releasing details of his allegations, in the newspaper advert, Dangote listed the four children as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.

According to the billionaire entrepreneur, the secondary schools the children attended for a duration of six years were Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.

Dangoted also presented estimated annual tuition, living expenses, air travel, and upkeep, which were multiplied across four children and several years of study.

He said the annual cost of tuition, airfare, and upkeep per child was $200,000, which totals $800,000 per year for his four children.

The businessman further explained that the total living expenses and air tickets per child over six years was $1.2 million, amounting to $4.8 million for all four children.

Overall, Dangote estimated that the combined cost of tuition and upkeep for all the children reached $5 million.

He also listed the tertiary education expenses for Ahmed’s children, noting that tuition, upkeep, airfare, and other costs average approximately $125,000 per year over a four-year period.

According to the billionaire, this adds up to $500,000 for four years per child, totaling $2 million for all of them.

“Faisal just finished the 2025 Harvard MBA at $150,000 and $60,000 for upkeep, tickets and other incidentals. Total =$210,000 spent in 2025 for Faisal’s MBA,” he added.

Dangote said Nigerians deserve to know the source of the money “paid by a public officer while many parents in his home state of Sokoto cannot afford to pay N10,000 school fees for their children and wards”.

 

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