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N109bn Fraud: EFCC To Arraign Former Accountant General, Ahmed Idris, Others Today

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The Economic and Financial Crimes Commission (EFCC) will on Friday (today) arraign a former Accountant-General of the Federation, Ahmed Idris, and three others on charges of stealing and criminal breach of trust to the tune of N109.4 billion.

Ahmed Idris will be arraigned alongside Godfrey Olusegun Akindele, Mohammed Kudu Usman, and Gezawa Commodity Market and Exchange Limited before Justice Adeyemi Ajayi of the Federal Capital Territory High Court, Abuja.

Mr Wilson Uwujaren, the spokesperson for the EFCC, said this in a statement on Thursday.

All four will be arraigned on 14 counts, two months after Idris was arrested by the EFCC. He had been in office when he was arrested on May 16. He was suspended two days later and replaced on May 22.

In his statement announcing the scheduled arraignment, Mr Uwujaren disclosed two (counts one and eight) of the 14 counts the quartet will face.

Count one of the charges reads, “That you, Ahmed Idris between February and December 2021 at Abuja in the Abuja Judicial Division of the High Court of the Federal Capital Territory, being a public servant by virtue of your position as the Accountant General of the Federation accepted from Olusegun Akindele, a gratification in the aggregate sum of N15,136,221,921.46 which sum was converted to the United States Dollars by the said Olusegun Akindele and which sum did not form part of your lawful remuneration but as a motive for accelerating the payment of 13% derivation to the nine (9) oil producing States in the Federation, through the office of the Accountant General of the Federation, and you thereby committed an offence contrary to Section 155 of the Penal Code Act Cap 532 Laws of the Federation of Nigeria 1990 and punishable under the same section”.

Count eight reads, “That you, Ahmed Idris while being the Accountant General of the Federation and Godfrey Olusegun Akindele while being the Technical Assistant to the Accountant General of the Federation between February and November 2021, at Abuja in the Abuja Judicial Division of the High Court of the Federal Capital Territory, in such capacity, entrusted with a certain property, to wit: N84,390,000,000 committed criminal breach of trust in respect of the said property when you dishonestly received the said sum from the Federal Government of Nigeria through Godfrey Olusegun Akindele trading under the name and style of Olusegun Akindele & Co., and you thereby committed an offence punishable under Section 315 of the Penal Code Act Cap 532 Laws of the Federation of Nigeria 1990.”

The EFCC had on May 16 announced the arrest of Idris who was the Accountant General at the time, a move that sent shockwaves across the nation in the current administration’s efforts in fighting corruption.

In a statement, the anti-graft agency had explained that Idris was for an alleged diversion and laundering of N80 billion.

The development forced the Minister of Finance, Ahmed Zainab, to suspend him pending the conclusion of the corruption investigations.

About two weeks later, the EFCC uncovered another N90 billion alleged fraud involving the suspended Accountant-General.

Despite the arrest, the agency had yet to arraign him in court. It however indicated that the former Accountant-General will appear in Abuja court on Friday.

BIG STORY

DecemberIssaVybe: How FirstBank Made Yuletide The Season Of Music, Memories And Magic — By Bolaji Israel

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Every December in Nigeria is a whole mood. The harmattan breeze and the Christmas themed red and white decorations all over the cities and towns; the cousins returning from the UK, US and Europe with “I just came back” stamped on their accents — and of course, the unmissable lineup of street carnivals, concerts, plays, and festivals that keep Lagos, Abuja, Warri and Port Harcourt buzzing deep into the New Year. Since its launch, FirstBank’s “DecemberIssaVybe” (DIAV) campaign has stood at the centre of this cultural energy, giving Nigerians more than just access to premium entertainment — it’s been about creating awesome shared moments, uniting families, and giving the creative industry the big boost it deserves.

For almost a decade, DIAV has quietly shaped the last few months of the year especially December as the season of vibe, through its First@arts initiative, and if you’ve ever danced shoulder-to-shoulder with thousands at a FirstBank-sponsored event, you’ll know exactly what that means.

2018: When the Vybe Began

December 2018 felt different. Nigerians were beginning to embrace “Detty December” as a tradition, and FirstBank cleverly caught the wave. The bank rolled out DecemberIssaVybe with free and discounted tickets to mega concerts and stage plays, pulling crowds that wanted premium vibes without premium stress. Wizkid, Davido, Burna Boy were headlining the big music festivals, while stage productions like “Moremi the Musical” got a new audience thanks to FirstBank’s push.

For the over 130-year-old FirstBank, “DecemberIssaVybe is a way of giving back during the festive season. It’s not just about music or theatre; it’s about connecting people, supporting the creative industry, and ensuring families make memories together.

Families who hadn’t been to the theatre in years found themselves seated side by side at Terra Kulture, watching Nigerian history come alive on stage. And for diaspora kids back home with “I just came back” energy? DIAV became their shortcut into Nigeria’s hottest events.

2019: The Year of Mega Concerts

By 2019, the Vybe was unstoppable. DecemberIssaVybe became synonymous with front-row seats at Davido’s “A Good Time” concerts, Kizz Daniel’s explosive Lagos show, and of course, the unforgettable Wizkid Starboy Fest. But it wasn’t just music. DIAV sponsored families into “Mad About You”, a romantic stage play that had couples rediscovering love, and rolled out tickets to AY Live Comedy Show, proving that December isn’t just about music — it’s about laughter too. By year’s end, DIAV had cemented itself as a December passport.

2020: The Pandemic Pause

2020 was strange for everyone. COVID-19 clipped the wings of live entertainment. But even then, FirstBank didn’t fold its arms. DIAV adapted by sponsoring virtual concerts and livestreamed plays, ensuring families could still bond over art and entertainment from the safety of their homes. It wasn’t the usual sweaty concert hall, but for many, DecemberIssaVybe campaign was proof that even in tough times, music and theatre are powerful connectors.

2021: The Big Comeback

With restrictions easing, Nigerians were desperate for a proper December. DIAV answered in full colour. Imagine a December where Adekunle Gold (AG Baby) sang his heart out at sold-out shows, Simi serenaded lovers, and Fireboy lit up the stage with “Peru” before it became an international anthem.

Families returned to KAKADU the Musical, friends reunited at comedy festivals, and for diasporans who hadn’t been home since 2019, the Vybe was a welcome mat rolled out in sound and laughter.

2022: The Golden Year

By 2022, DIAV wasn’t just an add-on to December, it was the main dish. That year, Asake’s breakout concerts shook Lagos, Burna Boy’s Love, Damini show was an electric storm, and the theatre scene — from The King Must Dance Naked to Awo The Musical — had DIAV stamping tickets for culture lovers.

2023: A Night of Queens

DecemberIssaVybe 2023 brought something fresh to the table with “A Night of Queens”, an all-female musical showcase at Eko Convention Centre. It was a dazzling lineup: Tiwa Savage, Simi, Teni, Yemi Alade, Waje, Niniola and Dope Ceaser all shared the stage in one unforgettable night of music.

FirstBank also sponsored the revival of Kakadu the Musical at MUSON Centre — a play that blends highlife, Afrobeat, soul and pop with the turbulent history of 1960s Nigeria. Meanwhile, families trooped out for Ali Baba’s January 1st concert and Basketmouth Unprovoked, while diaspora returnees shared DIAV tickets proudly on Instagram.

2024: From Comedy to Culture

Last December opened with a bang: Kenny Blaq’s Reckless Musicomedy Festival at Onikan Stadium. The crowd roared as Kenny Blaq, DJ Neptune, Aproko, MC Monica, and OvyGodwin delivered a high-energy mix of music and stand-up.

At the same time, FirstBank sponsored Motherland the Musical, Street Souk at Harbour Point, A True Christmas Story, and family-friendly events like Eko Hotel Pride Land Adventures and the Calabar Carnival Festival.

Reflecting on the season, Olayinka Ijabiyi, Acting Group Head, Marketing and Corporate Communications said: “FirstBank is facilitating memorable homecoming and unforgettable experiences in December with family reunions, concerts and festivals. DecemberIssaVybe isn’t just about entertainment — it’s about the cultural glue for Nigerians everywhere.

Across the years, DIAV has done more than hand out tickets. It has fuelled the creative economy by investing in theatre, comedy, and music. Families and friends have been reunited, turning concerts into bonding sessions. Given the diaspora a homecoming anchor, it has blended the “I just came back” energy with Nigerian hospitality.

In a country where December is both the busiest and most joyful month, DIAV has positioned FirstBank not just as a financial giant, but as a lifestyle brand that understands culture.

2025: The Vybe Is Loading

Now here we are, on the cusp of another December. Whispers are already flying: who will headline the 2025 DecemberIssaVybe experience? Will it be another electrifying Davido Timeless Experience? Will Asake shut down Lagos again? Will Burna Boy, Rema, Tems, or Ayra Starr bring home the global magic? Or will DIAV surprise everyone with a mix of music legends and fresh new voices?

What’s certain is that FirstBank will once again hold the keys to the hottest tickets in town — concerts, fashion, culture, musicals, plays, comedy shows — all to be rolled out on their social media handles, where lucky fans can get premium access.

So, whether you are keeping it real in Naija or you are planning to visit, DecemberIssaVybe 2025 is coming, and FirstBank is about to make it unforgettable.

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BIG STORY

JUST IN: Dangote’s CNG Trucks Begin Product Loading At Refinery

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Dangote Refinery’s fleet of newly acquired Compressed Natural Gas (CNG) trucks has officially kicked off product loading at its facility in Lagos.

On Monday, the trucks began taking turns at the gantry to load petroleum products for direct supply to filling stations across Nigeria.

The move follows the refinery’s August announcement that it had received the first batch of its 4,000 CNG-powered trucks—part of a fuel distribution programme valued at over ₦720 billion.

During a courtesy visit by the AfricaRice Centre on Sunday, Aliko Dangote explained that the direct distribution system was designed to reduce dependence on third-party carriers and cut out unnecessary costs.

“Losing ₦75 per litre to intermediaries who cannot guarantee delivery is not a viable option. We are committed to ensuring petroleum products get to Nigerians transparently and affordably,” the refinery said in a statement.

This rollout comes amid recent criticism from the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), who accused Dangote Refinery of offering cheaper rates to international buyers while quoting higher prices to local offtakers. Dangote has denied this, stressing that bypassing costly Single Point Mooring (SPM) systems will save the economy about ₦1.5 trillion annually.

Beyond costs, the 4,000 CNG trucks project aims to:

  • Lower logistics expenses in fuel distribution
  • Cut environmental impact compared to diesel trucking
  • Support over 42 million MSMEs by reducing energy costs

With this launch, the refinery is positioning itself not just as a supplier, but also as a distributor—reshaping how fuel reaches Nigerian consumers.

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Nnamdi Kanu Seeks Transfer From DSS Custody To National Hospital

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The Federal High Court in Abuja will today (Monday) hear an application filed by Nnamdi Kanu, detained leader of the proscribed Indigenous People of Biafra (IPOB), seeking transfer from the custody of the Department of State Services (DSS) to the National Hospital, Abuja, for urgent medical attention.

The motion, filed on September 3 by Chief Kanu Agabi (SAN), followed what Kanu’s lawyers described as a “worrisome decline” in his health while in detention.

Vacation judge, Justice Musa Liman, had earlier granted leave for the case to be heard during the court’s annual recess, stressing its urgency.

In a supporting affidavit, Emmanuel Kanu, the IPOB leader’s brother, said recent medical tests revealed kidney and liver complications, dangerously low potassium levels, and a swelling under Kanu’s armpit requiring immediate investigation.

Agabi told the court that doctors led by Prof. Austin Agaji had advised Kanu’s transfer to the National Hospital as an interim step. He noted that letters to the DSS on the issue had not been answered.

“The applicant’s health is seriously deteriorating considering the nature of his confinement,” Agabi argued, adding that granting the transfer would not prejudice the DSS.

Kanu has been in DSS custody since 2021 following his arrest in Kenya and repatriation to Nigeria. He is currently facing terrorism-related charges before Justice James Omotosho of the same court.

A bail application filed in May is still pending. The court is expected to hear arguments from both sides before ruling on the transfer request today.

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