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N585M Payment into Private Account: NEFGAD Asks for Suspension and Investigation of Beta Edu

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N585M Payment into Private Account: NEFGAD Asks for Suspension and Investigation of Beta Edu

By: Michael Mike

Network for the Actualisation of Social Growth and Viable Decelopment (NEFGAD) a public procurement advocacy group has urged President Bola Tinubu to be impatial in the face of massive corruption allegations rocking the Federal Ministry of Humanitarian Affairs and Poverty Alleviation and the National Social Investment Programme (NSIP), insisting that the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Beta Edu should equally be suspended and investigated just as NSIP CEO, Mrs Halima Shehu was treated.

A section of the media has reported how the Minister of Humanitarian Affiars and Poverty Alleviation through a memo dated 20th December, 2023 with reference number fmhapa/hq/ohm/s.208 directed the Accountant General of the Federation to make payments of N585,189,500 into a private UBA account 2003682151 belonging to one Oniyelu Bridget Mojisola.

In a statement signed and released to the press in Abuja on Saturday through its head of office, Mr Akingunola Omoniyi, NEFGAD said ‘’the recent development in the Humanitarian office has provided president Tinubu a golden opportunity to tell Nigerians and the whole world that he is ready and willing to tackle corruption in a fair, just and impartial manner by also applying same disciplinary measure (suspension) metted on NSIP CEO, Mrs Halima Shehu on the Minister for Humanitarian affairs and poverty alleviation, Mrs Beta Edu’’

Akingunola noted that ‘’apart from the fact that Dr. Edu and Mrs. Halima Shehu are from different geographical divide of the country, the tendency and pattern of the allegations involving the duo are too identical and should not have attracted diffrent approaches and measures in dealing with them by the president.

‘’Directing payment of public fund into private account by a public officer is a serious procurent and fiscal malfeasance that attracts serious penalty under extant laws, regulations and rules including the public procurement, Fiscal Responsibility, Independent Corrupt Practices and other offences (ICPC), Code of Conduct Acts and the Anti-mobey Laundering (prevention and prohibition) Act.

Akingunola further stated that the Minister has serious questions to answer by Instructing payment of public fund into private accounts other than that of a legal entity who have duly participated in a competitive selection process and or are direct beneficiaries of a conditional grant scheme (in the case of vulnerable people as captured in the Ministry’s mandate).

The act depicts pure nepotism, favouritism, undue advantage conferment and criminal diversion, he averred. Hence, the group implored president Bola Tinubu to direct the suspension of the Dr. Beta Edu for thorough investigation by relevant anticorruption agencies with immediate effect failure which may call for massive advocacy and court action.

N585M Payment into Private Account: NEFGAD Asks for Suspension and Investigation of Beta Edu

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

By: Michael Mike

The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.

In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.

The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.

NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.

According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.

The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.

NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.

The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.

The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.

The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.

They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.

“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.

“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.

According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.

“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.

“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”

The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.

They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.

They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.

They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.

“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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Troops neutralise bandit, recover arms in Plateau raid

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Troops neutralise bandit, recover arms in Plateau raid

By: Zagazola Makama

Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.

Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.

“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.

The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.

The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.

Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.

Troops neutralise bandit, recover arms in Plateau raid

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