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EU Disowns Fake Compensation Scheme Over Alleged Trapped Funds in West African Banks

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EU Disowns Fake Compensation Scheme Over Alleged Trapped Funds in West African Banks

By: Michael Mike

The European Union (EU) has warned the public against a fraudulent document circulating online which falsely claims that the bloc, in collaboration with the World Bank, is offering compensation to individuals whose funds are allegedly trapped in banks and financial institutions across West Africa.

In a statement issued on Wednesday in Abuja, the EU Delegation to Nigeria and ECOWAS described the purported compensation programme as a scam, stressing that neither the European Union nor the World Bank is involved in any such initiative.

The fake document, fraudulently attributed to the Secretary-General of the Council of the European Union, Thérèse Blanchet, claimed that a special EU-World Bank recovery programme has been established to compensate citizens of Europe and other countries whose legally transferred funds were allegedly withheld by banks in the region.

It also falsely stated that the EU Ambassador to Nigeria and ECOWAS has been mandated to supervise the compensation exercise and directs potential claimants to contact him for processing.

However, the EU categorically dismissed the claims, describing every aspect of the document as fabricated.

“The document in its entirety is a scam. The information and claims contained therein are false. The European Union is neither aware of any such bogus programme nor part of it,” the Delegation stated.

The EU further disclosed that the email addresses and telephone numbers listed in the fraudulent document, purportedly belonging to Ms. Blanchet and the EU Ambassador to Nigeria and ECOWAS, Ambassador Gautier Mignot, are fake and are being used by fraudsters to deceive unsuspecting victims.

The Delegation urged members of the public to ignore the fraudulent claims and avoid engaging with anyone promoting the scheme.

It emphasized that all official announcements from the European Union Delegation to Nigeria and ECOWAS are published exclusively through its official website and verified social media platforms.

The warning comes amid increasing cases of cyber-enabled financial fraud in which criminal syndicates impersonate international organisations, government institutions and senior officials to lure victims into paying fictitious processing fees or divulging sensitive personal and financial information.

Security experts have repeatedly advised the public to independently verify any unsolicited compensation offers, grants or investment opportunities through official channels before responding.

The EU reiterated its commitment to combating fraud and misinformation while urging citizens to remain vigilant against scams exploiting the names and identities of reputable international institutions.

EU Disowns Fake Compensation Scheme Over Alleged Trapped Funds in West African Banks

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Osun Election Violence: Group Demands Probe into 29 Deaths, Fadahunsi Threat Claims

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Osun Election Violence: Group Demands Probe into 29 Deaths, Fadahunsi Threat Claims

By: Michael Mike

The Revolutionary Socialist Movement (RSM) has called for an immediate investigation into the deaths of 29 people reportedly linked to 73 incidents of electoral violence in Osun State ahead of the governorship election, warning that political violence is threatening the credibility and safety of the polls.

The group also demanded a transparent investigation into alleged death threats reportedly issued by Senator Francis Fadahunsi, representing Osun East Senatorial District, against supporters of the Accord Party in Ilesa.

In a statement issued on Thursday by its Publicity Secretary, Comrade Salako Kayode, the RSM described the reported violence as a disturbing indication of the extent to which political competition has degenerated in the state.

The socialist organisation said no politician, regardless of political affiliation or position, should be allowed to use threats, intimidation or violence against opponents without facing the consequences of the law.

“Such threats must not be dismissed as ordinary political rhetoric,” the group said, insisting that the allegations against Fadahunsi should be investigated and that prosecution should follow if they are substantiated.

The RSM called for investigations into all 73 reported cases of electoral violence and the 29 deaths, as well as the prosecution of anyone found culpable for killings, assaults or threats.

It further demanded that security agencies provide protection for voters, candidates and political activists irrespective of their political affiliations, while urging authorities to dismantle the networks of political thugs and armed groups allegedly deployed during elections.

The group warned that allowing political violence to go unchecked could turn elections into contests between rival groups fighting for control of public resources rather than democratic exercises in which citizens freely choose their leaders.

‘Nigeria cannot continue under rule of political gangs’

Beyond the immediate security concerns surrounding the Osun election, the RSM used the statement to launch a broader attack on what it described as Nigeria’s entrenched political establishment.

According to the organisation, successive governments have failed to translate the enormous public resources under their control into meaningful improvements in the lives of ordinary Nigerians.

It cited unemployment, insecurity, poverty, inadequate healthcare and poor access to quality education as evidence of what it described as a political system driven more by competition for wealth and power than by the interests of workers and other vulnerable groups.

The RSM argued that workers, farmers, young people, students and traders should not be forced to choose between rival political formations whose leadership, it alleged, is primarily interested in controlling public resources.

It declared that Nigeria required a fundamental restructuring of political and economic power, with public wealth deployed to meet social needs rather than private enrichment.

In a significant political intervention ahead of the Osun election, the group urged voters to consider the African Action Congress (AAC) as an alternative to the established political parties.

The RSM called on workers, youths, farmers, students, traders and other groups it described as oppressed to reject vote-buying, intimidation and political violence.

However, the organisation acknowledged that an election alone would not transform the political system.

It called for sustained organisation and mobilisation after the polls, arguing that citizens must build independent movements capable of holding whoever emerges from the election accountable.

The group said such mobilisation should focus on securing decent employment, living wages, quality education and healthcare, affordable housing, democratic freedoms and greater public control over the country’s resources.

The RSM’s demands include an immediate probe into the reported electoral violence and deaths, investigation of the allegations against Fadahunsi, prosecution of those found responsible, an end to the deployment of political thugs during elections and stronger protection for all participants in the democratic process.

The group also called for an end to what it described as the looting and privatisation of public wealth for the benefit of political elites.

Concluding its statement, the RSM urged the people of Osun to reject what it called the politics of competing political gangs and rally behind what it described as a people’s alternative.

“Vote for the alternative. Vote AAC. Organise. Mobilise,” the group declared, calling for a broader struggle for what it termed “a Socialist Nigeria.”

Osun Election Violence: Group Demands Probe into 29 Deaths, Fadahunsi Threat Claims

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Troops Foil Armed Robbery, Clear Highway in Plateau

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Troops Foil Armed Robbery, Clear Highway in Plateau

By Zagazola Makama

Troops of Sector 4, Sub-Sector 41, Operation Enduring Peace (OPEP), have foiled an attempted armed robbery along the Barkin Ladi–Bokkos road in Barkin Ladi Local Government Area of Plateau State.

Sources told Zagazola Makama that the incident occurred at about 9:00 p.m. on August 11, 2026, when troops deployed at the Kurra Junction Check Point responded to a report of suspected armed robbers blocking the highway.

The criminals had reportedly blocked the road in an attempt to rob motorists and other road users.

The troops swiftly mobilised to the location, forcing the suspected robbers to abandon their criminal operation and flee into the surrounding rocky hills.

The troops subsequently cleared the highway and restored the free flow of traffic along the route.

Security personnel have continued to dominate the general area through robust patrols to prevent the criminals from regrouping and to deny other criminal elements freedom of action.

Troops Foil Armed Robbery, Clear Highway in Plateau

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Zulum calls for a shift from tractor ownership to modern agricultural services

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Zulum calls for a shift from tractor ownership to modern agricultural services

By: Michael Mike

Borno State Governor, Babagana Umara Zulum, has called for a fundamental shift in Nigeria’s approach to agricultural mechanisation, stressing that the country must move beyond simply purchasing tractors to a more productive and modern, investment-driven agricultural system.

Zulum made the call while speaking at a High-level National Policy Dialogue on Agricultural Mechanisation organised by the Federal Ministry of Agriculture and Food Security in Abuja on Wednesday.

The Governor identified low productivity, limited technology, inadequate investment and weak value chains as major challenges facing Nigeria’s agricultural sector.

He emphasised that mechanisation should be delivered as a service, giving farmers timely access to land preparation, precision farming, irrigation and other modern agricultural technologies.

Commenting on Borno’s agricultural transformation initiatives, Zulum noted that massive investment by his administration in agriculture is central to rebuilding livelihoods and restoring communities affected by insecurity and displacement.

Zulum highlighted a four-pronged approach to agricultural mechanisation in Nigeria, including mechanising agriculture to increase productivity and reduce drudgery, digitalising agriculture to improve precision, intelligence, and efficiency, regenerating agricultural resources to ensure long-term sustainability, and investing in infrastructure, technology, and enterprises that will drive the transformation.

Zulum also called for stronger private-sector participation and innovative financing for local manufacturing and assembly of agricultural machinery, irrigation, renewable energy, storage, processing, value addition and youth- and women-led agricultural businesses.

He emphasised that Nigeria must not simply recreate the agriculture of yesterday, but build the agriculture of tomorrow, which should be modern, smart, climate-resilient, productive and inclusive.

The goal, he said, is to build an agricultural economy capable of feeding the nation, competing globally, creating jobs and delivering sustainable prosperity to rural communities.

The Governor was accompanied by the member of the House of Representatives, Engr Bukar Talba; Commissioner of Local Government and Emirates Affairs, Sugun Mai Mele; CEO/Managing Director of the Borno Investment Company, Mohammed Bukar Umar; and Permanent Secretary, Government House, Mustapha Ali Busiguma.

Zulum calls for a shift from tractor ownership to modern agricultural services

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