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EFCC to arraign Emefiele,1 other in Lagos court Monday

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EFCC to arraign Emefiele,1 other in Lagos court Monday

The Economic and Financial Crimes Commission (EFCC) will on Monday (April 8) arraign the embattled former Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, before Justice Rahman Oshodi of the Special Offences Court, for alleged abuse of office.

Emefiele will be arraigned alongside one Henry Omoile before Oshodi on a 26-count bordering on  abuse of office, accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipt.

The former CBN governor was also alleged of conferring corrupt advantage on his associates contrary to the Corrupt Practices Act of 2000.

The charge sheet, marked ID/23787c/2024, was dated April 3 and was filed by Mr Rotimi Oyedepo (SAN).

One of the counts stated that Emefiele allegedly committed abuse of office between 2022 and 2023, in Lagos, an offence punishable under Section 73 of the Criminal Law of Lagos State, 2011.

Another count alleged that Emefiele directed to be done in abuse of the authority of his office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2.2 billion without bids.

Also, it was alleged that Emefiele abused the authority of his office  by allocating foreign exchange in the aggregate sum of $291 million  without bids, which act was prejudicial to the rights of Nigerians.

Emefiele’s co-defendant was alleged to have acted as an agent and accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for the ex-CBN as a reward for allocating foreign exchange by the Central Bank in favour of Raja Punjab’s employer.

EFCC to arraign Emefiele,1 other in Lagos court Monday

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Security forced arrested three over illegal arms dealings in Bauchi

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Security forced arrested three over illegal arms dealings in Bauchi

By: Zagazola Makama

Three men have been arrested for allegedly engaging in illegal weapons dealings in Bauchi State, security sources said.

The suspects, identified as Peter Pama and Saleh Monday, both of Iburu, and Sunday Makama of Kasuwan Magani, were apprehended on Feb. 17 following intelligence on illicit arms activities.

Zagazola gathered that one locally fabricated AK-47 rifle and one fabricated pump-action gun from the suspects.

Investigations into the case are ongoing as security agencies work to determine the full extent of the arms network.

Security forced arrested three over illegal arms dealings in Bauchi

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Joint troops repel bandit attack in Katsina, neutralise two and recover motorcycle

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Joint troops repel bandit attack in Katsina, neutralise two and recover motorcycle

By: Zagazola Makama

Joint troops of Operation FANSAN YANMA have repelled an armed bandit attack in Gida Soda Village, Katsina State, neutralising two attackers and recovering a motorcycle, security sources said.

The incident reportedly occurred at about 12:45 a.m. on Feb. 17 when suspected bandits stormed the village. Troops, acting promptly in coordination with local police and Civil Watch Patrol Teams, engaged the attackers in an intense gunfight, forcing the criminals to flee.

During the operation, two of the bandits were neutralised, and a Boxer-brand motorcycle belonging to the group was recovered.

Tragically, one resident, Hassana Muhammad, 30, was reportedly fatally shot during the attack. She was rushed to Dansoda Hospital, where she was pronounced dead by medical personnel.

Sources said efforts to track fleeing bandits and secure the area are ongoing.

Joint troops repel bandit attack in Katsina, neutralise two and recover motorcycle

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AACIS’26 Set to Open $40 Trillion Africa-Caribbean Market

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AACIS’26 Set to Open $40 Trillion Africa-Caribbean Market

By: Michael Mike

The 2026 edition of the Aquarian Consult’s Afri-Caribbean Investment Summit (AACIS’26) will focus on boosting trade, investment, and private sector partnerships between Africa and the Caribbean, targeting a combined market valued at $40 trillion across Africa, the Caribbean, and the Americas.

The Chief of Staff of Aquarian Consult Ltd, Serumun Ubwa, disclosed this while briefing journalists in Abuja, ahead of the summit scheduled for March 23–28, 2026.

She described AACIS as a strategic platform designed to connect African businesses with Caribbean partners, attract foreign investment, and promote sustainable economic collaboration across key sectors.

Ubwa highlighted that the inaugural AACIS in 2025 achieved landmark outcomes, including the establishment of the first direct flight from Africa to Saint Kitts and Nevis, the signing of Memoranda of Understanding in agriculture and cultural exchange, and a $40 million deep-water port agreement. She said these successes set the stage for the 2026 summit, which will expand opportunities for trade and investment.

She revealed that the 2026 summit will introduce two specialized events: the Afri-Caribbean Agriculture and Food Security Summit (March 23–24) and the Afri-Caribbean Health Summit (March 26), running alongside the main Investment Summit from March 25–28.

“By focusing on agriculture and healthcare, we aim to strengthen regional cooperation, enhance food security, open new export markets for African producers, and support policy frameworks that reduce import dependence in the Caribbean,” Ubwa said.

She added that the summit will feature structured Business-to-Business (B2B) and Business-to-Government (B2G) matchmaking sessions, an Investor Deal Room managed by investment promotion agencies, and sector-specific engagements in agriculture, healthcare, pharmaceuticals, renewable energy, tourism, digital technology, and the creative economy.

Ubwa added that over 2,000 participants are expected, including current and former heads of government, sovereign wealth funds, multilateral institutions, and private sector leaders. She emphasised that AACIS seeks to strengthen South-South cooperation and increase Africa-Caribbean trade, which currently represents less than one per cent of total trade between the regions.

Interested participants are expected to register for the summit at www.aquarianconsult.com/AACIS.

AACIS’26 Set to Open $40 Trillion Africa-Caribbean Market

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