General News
Olukoyede Promises Whistleblowers 5 % on Recovered Stolen Assets
Whistleblowers across the world have been called to offer useful and actionable intelligence to the Economic and Financial Crimes Commission, EFCC, on monetary and non-monetary assets stashed abroad by corrupt Nigerians for incentives.
The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, made this call on Wednesday, August 26, 2026 while delivering a lecture at the Cambridge International Symposium on Economic Crime in the United Kingdom.
According to him, any whistleblower that is privy to where Nigerian assets are kept abroad could come forward to assist the country in recovering them.
This initiative, he said, would come with juicy rewards. In his words:
“I welcome all of you to the world of whistleblowing. If any one of you is privy to where Nigerian assets are stolen or taken to anywhere in the world, we have an incentive for you; between 2.5% and 5%, it’s going to go back to you upon recovery. That is an incentive we have put in place to encourage people to come forward to give information about stolen assets. You never tell if you give any information here, some of you may leave this place, multi-millionaire in your lifetime.”
The EFCC’s boss, who drew rapturous applause from the crowd, pointed out that in less than three years of assuming office as head of Nigerian foremost anti-graft agency, the Commission has recovered more than half a billion dollars for the Nigerian government.
“Within three years of my assumption of office, we’ve been able to forfeit both cash and assets worth over half a billion dollars to the government,” he said.
The recovery of the assets, he said, could be linked to the resourcefulness and professionalism of EFCC’s investigators, virile judiciary and access to credible intelligence. He linked the non-conviction-based asset forfeiture approach in Nigeria to what is obtainable in Australia and Canada. The framework, he explained, allowed the Commission to seek forfeiture of assets suspected to be proceeds of crime without waiting for a criminal conviction.
“We have similar to what is obtainable in Australia and Canada that empowers us to apply the forfeiture to proceeds of what is suspected to be proceeds of crime,” he said. Through the approach the anti-graft czar told his audience that an aircraft, a university, estates and houses suspected to be proceeds of crime had been forfeited to the government.
He particularly mentioned the 752 housing units recovered from a former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele and the investigations of a former Attorney General and Minister of Justice, Abubakar Malami, SAN, which yielded the forfeiture of 48 out of the 57 houses suspected to be proceeds of corrupt practices.
“Sometimes last year, I opened investigations upon reasonable suspicion of criminal abuse of office by the immediate past attorney-general of Nigeria. We discovered that within eight years of his being in office, we were able to trace about 57 such properties to him. We’ve been able to forfeit about 48”, he said.
The 43rd International symposium on economic crime holding in Cambridge is an annual event bringing together anti-corruption experts from across the world. Olukoyede’s presentation came on the third day of the weeklong event.
General News
Benue Bishop Shuts Schs, Hospital, Parish In Alia’s Community Says “Church Cannot … Expose Priests, Students To Danger”
By Felix Umande
The Catholic Bishop of Gboko, Most Rev. William Avenya, has ordered the indefinite closure of four Catholic institutions in Ihugh, Benue State, and withdrawn pastoral agents following repeated attacks, arson and insecurity.
The decision, contained in a letter and decree dated October 12, takes immediate effect and affects St. Winifred Secondary School, St. Winifred Nursery and Primary School, St. Thomas Hospital, Salus Mind Care Center and St. Winifred Parish, Ihugh.
In the pastoral letter, Avenya described the withdrawal as painful but necessary to protect lives, stressing it was not motivated by anger or retaliation.
“The Church cannot, in conscience, continue to expose her Priests, Consecrated Persons, Teachers, Medical personnel, Students and Patients to danger,” he said.
The bishop cited repeated disturbances including the burning of student hostels at St. Winifred Secondary School on October 28, 2025, May 10 and 15, 2026, and October 11, 2026, recurrent burglaries at St. Winifred Parish and criminal incidents at St. Thomas Hospital. He recalled that during the reopening of the hospital on June 21, 2024, some persons displayed placards and chanted slogans demanding that Reverend Sisters leave Ihugh.
Avenya said the Diocese had engaged the host community, traditional rulers, elders and security authorities to find lasting peace, but without security guarantees.
The decree directs the withdrawal of priests, consecrated persons, catechists, pastoral workers and lay mission partners, while teaching and non-teaching staff, medical personnel and administrators are to be redeployed through appropriate diocesan offices.
It also orders safeguarding of diocesan property, transfer of parish registers and archives to the diocesan archives, and reverent removal of the Blessed Sacrament, sacred vessels and other sacred objects under supervision.
The bishop said arrangements would be made to minimise impact on students, patients and staff. Students are to be assisted to continue education in other Catholic schools in the Diocese, while patients at St. Thomas Hospital will be referred to other facilities, especially those needing urgent care. Affected staff, he said, would be treated with justice and charity.
Addressing Catholics in Ihugh, he declared:
“To our Catholic faithful in Ihugh: do not lose heart. Your Baptism is not lost with a building, nor is your faith diminished by the closing of a door.”
He appealed to community leaders, traditional rulers, youth leaders, government and security agencies to restore peace and ensure perpetrators are brought to justice, adding that return is conditional on genuine repentance, restitution and credible assurances of safety.
“This decision is a painful one, but it is not a final farewell,” he said.
Avenya called for intensified prayers for peace and designated Friday, October 23 as a day of prayer and fasting for peace and reconciliation.
Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, today at the Presidential Villa in Abuja, presented the Company’s 2025 Audited Financial Statement (AFS) to President Bola Ahmed Tinubu, GCFR.
Ojulari, who was accompanied by the Company’s Group Chief Finance Officer (CFO), Dapo Segun, presented the statement, which delivered impressive results that include ₦7.2 Trillion Profit After Tax (a 33% rise compared to ₦5.4 Trillion in 2024), ₦5.8 Trillion dividend and ₦34.5 Trillion revenue.
On 29th September, 2026, NNPC Ltd announced its audited results for the year ended 31 December 2025, following its Annual General Meeting and second Earnings Call with financial and business analysts.
The results highlight the Company’s growing earnings strength and improved operational performance, laying the foundation for future growth.
The National Chairman of the Nigerian Institution of Marine Engineers and Naval Architects (NIMENA), Dr. Eferebo Sylvanus has been honoured with the Maritime Innovation and Technology Leadership Award at the 15th Democracy Heroes Award Africa.
Eferebo received the honour at the ceremony held at the weekend at the Transcorp Hilton, Abuja, in recognition of his professional leadership and contributions to marine engineering, naval architecture and maritime technology.
The award comes amid growing calls for Nigeria to harness its maritime resources through indigenous expertise, technological advancement and research-driven industrial development.
The Democracy Heroes Award Africa, now in its 15th edition, recognises individuals making contributions across different sectors.
Eferebo’s recognition places a spotlight on a specialised but strategically important profession whose impact extends beyond engineering into industrial development and the wider blue economy.
As Nigeria continues to explore new opportunities in maritime trade, offshore energy and shipbuilding, the challenge will be ensuring that professional recognition is matched by sustained investment in research, infrastructure, training and the practical application of homegrown technology.
With more than two decades of experience in engineering consultancy and technical leadership, Eferebo leads NIMENA, a professional body committed to advancing marine engineering through research, education, technical standards and industry collaboration.
His academic background includes a Bachelor of Technology in Marine Engineering, a master’s degree in Naval Architecture and Ship Construction, and a doctorate in Naval Architecture and Shipbuilding from Rivers State University, Port Harcourt.
He is also a Fellow of the Nigerian Society of Engineers and a registered engineer with the Council for the Regulation of Engineering in Nigeria (COREN).
Beyond his professional credentials, Eferebo has built a career around developing technical solutions for Nigeria’s maritime and offshore industries.
He is the founder and chief executive officer of Somatrix Marine Limited, an engineering consultancy involved in marine consulting, ship design, marine surveys, construction management and research and development.
His leadership extends to engineering regulation and policy development, including work on maritime engineering standards and local content development.
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