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Court Freezes Oyo State’s Accounts In 10 Banks

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The High Court of the Federal Capital Territory, Abuja, has granted an order to freeze the Oyo State Government’s accounts across 10 commercial banks in Nigeria.

Justice Anitte Ebong issued the order as part of a garnishee proceeding initiated by former council chiefs in Oyo State.

These chiefs were dismissed by Governor Seyi Makinde in May 2019 and, in 2021, secured a N4.9 billion judgment against Makinde and other state officials and agencies.

The intention behind this garnishee proceeding, led by Bashorun Majeed Ajuwon and other ex-council chiefs, is to recover the remaining N3.5 billion outstanding from the initial judgment sum. Despite Makinde’s payment of N1.5 billion in 2022, the ex-council chiefs seek to claim the balance.

Justice Ebong’s ruling resulted in the freezing of the Oyo State Government’s accounts across various banks, including Zenith Bank, United Bank of Africa (UBA), Wema Bank, First Bank of Nigeria, Ecobank, Guaranty Trust Bank, Access Bank, Polaris Bank, Jaiz Bank, and Union Bank.

Additionally, the judge instructed these banks to submit affidavits and appear in court on the next adjourned date.

Their purpose in court is to provide reasons why the garnishee orders nisi, currently issued, should not be finalized and made absolute.

The judge imposed a cost of N300,000.00 against the judgment debtors and directed that a copy of the order be served on Makinde and others. The court proceedings are adjourned until January 5 next year for further hearings.

In a similar judgment on May 7, 2021, the Supreme Court voided Makinde’s removal of elected Local Government Chairmen and Councillors in Oyo State, echoing a comparable decision regarding Katsina State. The apex court instructed both states to compensate the affected ex-council chiefs by paying their salaries and allowances.

Justice Ejembi Eko, delivering the lead judgment in the Oyo State case, criticized Makinde’s decision to unlawfully dismiss the elected council chiefs before the expiration of their tenure.

It’s been noted that the Katsina State Government promptly compensated its unlawfully dismissed ex-council chiefs.

However, in contrast, the Oyo State Government under Makinde has yet to fulfill payment to the ex-council chiefs he removed before the completion of their tenure, a decision that the Supreme Court nullified in its May 7, 2021 judgment.

 

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Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks

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Former Labour Party presidential candidate in the 2023 general election, Peter Obi, on Thursday visited Bauchi State for a closed-door meeting with Governor Bala Mohammed amid growing political realignments in the country.

Obi, who is also a chieftain of the African Democratic Congress (ADC) opposition coalition, arrived at the Bauchi State Government House where he proceeded to a private meeting with the governor at the Presidential Lounge.

SEE MORE: PDP Chieftain Explains Why Peter Obi Could Restore National Hope in Nigeria

The purpose of the visit was not immediately known as both politicians held discussions behind closed doors.

Details of the meeting remained undisclosed at the time of filing this report.

However, sources within the Government House suggested that the meeting may be connected to recent political developments and possible alignments ahead of future elections, though this could not be independently verified.

Both leaders are expected to brief journalists after the meeting concludes.
Governor Bala Mohammed, who serves as Chairman of the Peoples Democratic Party (PDP) Governors’ Forum, has recently been at the center of political speculation regarding his party allegiance.

On March 31, he reportedly hinted at a possible political shift during a meeting with a delegation of the African Democratic Congress led by former Secretary to the Government of the Federation, Babachir Lawal, at the Government House in Bauchi.

However, his political engagements appeared to take a different turn shortly after, as he also hosted the National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, alongside Kano State Governor, Abba Yusuf, on April 1 at the same venue.

The latest meeting with Obi has further intensified speculation about ongoing political consultations and possible future alignments among key political actors.

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JUST IN: Nigeria’s Debt Profile Set to Rise as Tinubu Requests Fresh $516m Foreign Loan

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President Bola Tinubu has requested the approval of the Senate for a fresh external borrowing of $516.33 million, in a move that is expected to further raise concerns over Nigeria’s growing debt profile.

The request was contained in a letter addressed to the President of the Senate, Godswill Akpabio, and was read during plenary on Thursday at the National Assembly.

READ MORE: WC 2026: Don’t Go Into Debt to Support Scotland, Coach Warns Fans

According to the letter, the proposed loan is to be sourced from Deutsche Bank and will be used to finance a key infrastructure component under the government’s already approved borrowing programme—the Sokoto–Badagry Super Highway project, a major road corridor designed to enhance connectivity across the country.

President Tinubu, in the request, urged the Senate to give the proposal expedited consideration and approval, stressing the importance of the project to national infrastructure development and economic growth.

Following the reading of the letter, Senate President Akpabio referred the request to the Senate Committee on Local and Foreign Debts, directing the committee to examine the proposal and submit its report within one week.

The latest borrowing request comes amid ongoing national debates over Nigeria’s debt sustainability, as the federal government continues to rely on external loans to fund large-scale infrastructure projects.

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Shock as Court Rejects El-Rufai’s Bail Application, Orders Continued Detention

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A Kaduna State High Court has rejected the bail application filed by former Kaduna State Governor, Nasir El-Rufai, ordering that he remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) pending the determination of his trial.

The ruling was delivered by Justice D.H. Khobo, who held that the seriousness of the allegations against the former governor, as well as concerns over possible interference with ongoing investigations, made the grant of bail inappropriate at this stage.

ALSO READ: Pastor Bakare, El Rufai Devastated by PMB’s Failure

El-Rufai had approached the court seeking release on bail pending trial over a nine-count charge filed by the Federal Government through the Independent Corrupt Practices and Other Related Offences Commission.

He argued that the offences were not capital in nature and that he posed no flight risk, citing his community ties, fixed residences, and willingness to cooperate with investigators.

He also told the court that he voluntarily returned to Nigeria to honour official invitations and challenged the validity of the charges, describing them as defective.

Additionally, he raised health concerns, requesting bail on medical grounds.

However, the prosecution opposed the application, insisting that the alleged offences were serious and economically damaging, with a likelihood that the defendant could interfere with witnesses and ongoing investigations.

In his ruling, Justice Khobo held that the gravity of the charges and the risk of interference outweighed the arguments for bail.

The court also ruled that insufficient medical evidence had been provided to justify release on health grounds.

The judge therefore ordered that El-Rufai remain in ICPC custody and directed that the trial proceed on an accelerated basis, fixing early hearing dates for the case.

The former governor will remain detained as proceedings continue in the high-profile corruption trial.

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