NEWS
Benue: Ex-Gov Ortom Released By EFCC After Hours Of Detention
Former Benue State Governor, Samuel Ortom, has been released from the custody of the Economic and Financial Crimes Commission (EFCC) after 10 hours of being in detention.
As previously reported by BIZTELLERS, Ortom willingly responded to the commission’s invitation on Tuesday morning at approximately 10:00am.
Accompanied by two of his former aides, former Benue State Governor Samuel Ortom arrived at the Makurdi zonal office of the Economic and Financial Crimes Commission (EFCC) situated on Alor Gordon Street in the state capital.
Terver Akase, Ortom’s media aide, and Abraham Kwanhgu, Principal Special Assistant on Special Duties, were observed accompanying him.
Ortom underwent thorough questioning by EFCC detectives regarding the financial management during his tenure as governor of Benue State. Outside the commission’s premises, an unnamed aide of Ortom assured journalists that there was no cause for alarm.
The aide emphasized that the questioning was a regular procedure and addressing inquiries about his eight-year administration would naturally take several hours.
He said “It’s a normal routine. And you don’t expect him to just be through in a jiffy – answering questions about his eight years administration will surely take some hours. But, he will soon be done.”
Recall that during a cabinet valedictory session held at the old banquet hall of the Government House in Makurdi, Samuel Ortom, the former governor, addressed his council members, urging them not to be fearful if they were ever summoned by the EFCC for questioning.
Ortom made it clear that he was not a coward and would not shy away from cooperating with the EFCC if they approached him.
“I want to assure all of you that if the EFCC comes for me, I will follow them without hesitation,” Ortom stated boldly. He reassured his cabinet members that he had no investments in Europe and that all his assets were within the state. Furthermore, he openly challenged anyone accusing him of any wrongdoing to come forward with evidence and prove their claims.
The presence of the former governor at the EFCC facility sparked significant reactions on social media, with many users applauding the anti-graft body for taking action and urging a thorough investigation into Ortom’s administration.
Meanwhile, the Peoples’ Democratic Party (PDP) in Benue State expressed its appreciation for the former governor’s voluntary cooperation in responding to questions regarding his eight-year tenure in office.
Bemgba Iortyom, the State Publicity Secretary of the PDP, emphasized that Ortom willingly visited the EFCC’s Makurdi office in response to their invitation, and the party commended his conduct as an example of transparency and a clear conscience.
The Federal High Court in Abuja has sentenced a Boko Haram member, Alkali Yarima, also known as La’ari, to death by hanging for his involvement in the 2015 terrorist attacks on Maiduguri, Borno State.
Justice James Omotosho delivered the judgment on Friday, finding Yarima guilty of participating in acts of terrorism that led to the deadly attacks.
The court also imposed multiple prison terms on the convict for other terrorism-related offences.
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Aside from the death sentence on count seven, the court sentenced Yarima to life imprisonment on count six for receiving arms and weapons training in preparation for carrying out terrorist activities.
Justice Omotosho also handed him 35 years imprisonment on count one for professing membership of the proscribed Boko Haram terrorist group, and 30 years imprisonment on count five.
In addition, the court sentenced him to 10 years imprisonment each on counts two, three and four.
The Federal Government had arraigned Yarima on a seven-count charge marked FHC/KNJ/CR/971/2026, filed by the Director of Public Prosecutions of the Federation, Rotimi Oyedepo (SAN), on behalf of the Attorney-General of the Federation.
According to the prosecution, Yarima, who hails from the Lawanti area of Mafa Local Government Area of Borno State, belonged to Boko Haram between 2009 and 2015 before his arrest.
He was also accused of accepting the teachings (Da’awah) of the sect’s late founder, Mohammed Yusuf, and remaining a member of the terrorist organisation despite its proscription.
The prosecution further told the court that Yarima travelled to an Arab country where he received training in arms and weapon handling in preparation for terrorist operations, an offence punishable under the Terrorism (Prevention Amendment) Act, 2013.
He was also found guilty of participating in the 2015 attacks on Maiduguri, an offence that attracted the death penalty under Section 2(1) of the Terrorism (Prevention Amendment) Act, 2013.
The trial, which is usually conducted in Kainji, Niger State, was moved to the Federal High Court in Abuja.
Speaking after the judgment, the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), reaffirmed the Federal Government’s resolve to eliminate terrorism in Nigeria.
“We will fight with every inch of our blood to ensure that we make Nigeria a safe place for everybody,” Fagbemi said.
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,175 to N1,125 per litre.
A statement from the company on Thursday has it that this latest adjustment reflects the refinery’s ongoing commitment to ensuring price stability, improving affordability, and supporting Nigeria’s energy security objectives.
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The price review underscores Dangote Refinery’s responsiveness to prevailing market conditions and its efforts to pass on cost efficiencies to downstream partners and consumers.
“Dangote Refinery remains focused on its broader mission of contributing to economic growth, enhancing fuel availability, and fostering a more competitive and sustainable petroleum sector in Nigeria,” the statement added.
The Securities and Exchange Commission (SEC) has explained why it directed capital market operators to immediately refund funds collected from investors in connection with a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE.
In a public notice issued on Tuesday, the Commission revealed that it had observed the circulation of advertisements, flyers, digital banners, and electronic messages across social media and investment platforms inviting members of the public to invest in the refinery through an alleged IPO.
ALSO READ: ‘Nigerian Marketers Import Dangote Fuel Via Lome Hub’
According to the SEC, the purported offer has not received regulatory approval, as the Commission has neither received nor approved any application from Dangote Petroleum Refinery & Petrochemicals FZE for a public offering.
The regulator expressed concern that some registered capital market operators were actively promoting the unapproved offer and soliciting subscriptions from prospective investors.
Explaining the reason for its directive, the SEC stated that the campaign was misleading and amounted to market manipulation capable of creating false expectations among investors and undermining confidence in Nigeria’s capital market.
The Commission noted that invitations encouraging members of the public to open accounts, pre-fund investments, or reserve guaranteed share allocations for the alleged IPO violate provisions of the Investments and Securities Act as well as existing market regulations.
As a result, the SEC ordered all registered operators, including stockbrokers and promoters of digital investment platforms, to immediately cease all advertising and promotional activities relating to the purported offer.
The Commission further directed operators to remove all related promotional materials from their websites, social media pages, and other communication channels within 24 hours.
In addition, firms were instructed to stop accepting deposits, investment commitments, account registrations, or expressions of interest linked to the alleged public offering.
To protect investors from potential losses, the SEC ordered any operator that had already collected funds in connection with the purported IPO to refund such monies within 24 hours.
The regulator warned that any operator that fails to comply with the directive risks facing sanctions under the Investments and Securities Act 2025 and the SEC Rules and Regulations.
The Commission also advised Nigerians to rely only on information released through approved regulatory channels and to ignore unofficial promotional campaigns or investment solicitations concerning the refinery.
SEC added that if Dangote Petroleum Refinery & Petrochemicals FZE eventually decides to proceed with a public offering and secures regulatory approval, an authorised prospectus will be published in line with the law.
The directive comes amid reports that the Dangote Group is considering listing a 10 per cent stake in its $20 billion refinery through a Pan-African IPO expected in 2026.
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