NEWS
EFCC Probes N7.5bn NSCDC Embezzlement Allegation
In a sensational development, the Economic and Financial Crimes Commission (EFCC) has initiated a thorough investigation into a purported embezzlement scheme, implicating contractors associated with the Nigeria Security and Civil Defence Corps (NSCDC).
According to exclusive sources, the probe revolves around the alleged diversion of a staggering N7.5 billion by contractors purportedly working closely with NSCDC’s Commandant General, Ahmed Abubakar Audi.
The source said “The investigators discovered that payments were made to a total of 20 contractors, with a significant sum of N2 billion allocated to three major contractors who each own five companies.
“Each contractor received a retention fee of 5%. Letters of invitation have been sent to these contractors.
“All the contractors have been interviewed except for one woman who has been working tirelessly to avoid it. Who received over 1 billion, and all the funds were discovered to have been converted to USD.
“The contractors made a useful statement that led to the recovery of approximately N1 billion, which the Audi had given to them to avoid being invited.
“The contractors have been under pressure from the EFCC as they have stated that the operatives are so professional that there is nothing to hide, given that they have records at their fingertips.
“One of the contractors informs us that they are planning to start a protest at the NSA office to seek assistance, as they feel that he is the only senior official who can help them reach the CG.
“They applied for jobs as contractors, only to learn that the job was already executed on their behalf by the Director of Procurement, Victor Fayemi, and Anthony Akpan, depending on the contractor they are in touch with. They sent account numbers with individual names, which the investigators informed them are BDC.
“The contractor that is yet to come is the MD of Absolute Solutions, Cerise ltd, BNT arm who have been getting paid since the CG assume office in 2021 and have been using same BDC to exchange funds which she’s always informed that the jobs have been executed on her behalf. The BDC investigated so far include. Main one global and Double Spec Agro.
“Another contractor that received over 1 billion is Sotitrech Computers, Jikol Multipurpose, and have exchanged funds through One Al-Hikma communications and made some refunds.
“It was observed at NSCDC that these payments were meant for jobs that had already been executed, but the contractors had not been paid. If the investigators request the goods, they will be found in the stores, but the main contractors who supplied them were not paid.” the source added
Additionally, sources within the NSCDC have revealed discrepancies in payments intended for staff during elections, alleging that NSCDC personnel received lower compensation compared to counterparts in other sister agencies.
In response to mounting allegations, the Economic and Financial Crimes Commission (EFCC) has taken decisive action by sending letters of summons to several NSCDC officers.
The list includes high-ranking individuals such as Victor Olanrewaju Fayemi, Anthony Akpan Uwen, Patrick Babatunde, Comfort Danladi, Akibo Michael Olusola, Umaru Usman Karshi, Adewale Kukoyi, Joseph Ajayi Ibitulo, A.A Jonathan, Paul Ahepa.
According to the sources, these officers are scheduled to undergo questioning starting from May 2, 2024, as part of the EFCC’s efforts to uncover the truth behind the alleged financial irregularities within the NSCDC.
NEWS
Bwala Accuses Arise TV Presenters of Hypocrisy Over Peter Obi Discussion
Daniel Bwala, Special Adviser to President Bola Tinubu on Policy Communication, has accused some Arise Television presenters of hypocrisy over their alleged silence during a discussion concerning former Labour Party presidential candidate, Peter Obi.
Bwala made the allegation in a social media post on Monday, October 12, 2026, following the television station’s morning programme, where issues concerning Obi’s alleged inconsistencies and character were reportedly discussed.
SEE ALSO: BREAKING: Daniel Bwala Melts Under Political Heat
According to Bwala, only Dr Reuben Abati, an Arise TV presenter and former presidential spokesman, offered his opinion on the matter, while two other presenters allegedly remained silent.
He claimed that the presenters participated in discussions on subjects before and after the segment involving Obi but declined to express their views when the former Anambra State governor became the subject of discussion.
Bwala suggested that their alleged silence reflected political bias, arguing that the presenters had previously criticised politicians for defecting from their political parties.
“The reason they kept quiet is because they have used their loud mouth in calling out people for changing parties and they cannot afford to call out their master and candidate in the face of raw evidence,” he wrote.
The presidential aide also criticised some individuals he accused of presenting themselves as journalists without formal training, alleging that they contributed to the spread of hate speech, inflammatory rhetoric and misinformation.
“These people parading themselves as journalists with no formal training are the major cause of hate speech, vitriol and fake news,” Bwala stated.
He, however, commended Arise TV presenter Ojy Okpe for what he described as her willingness to scrutinise Obi during the programme.
“Thank you @OjyOkpe at-least today you tried to give Peter his bitter pill of inconsistencies,” he wrote.
Bwala further predicted that Okpe could face criticism from the other presenters for covering the issues involving Obi.
“I know you will have a long day managing backlash from the boy and girl for covering Peter Obi matter,” he added.
He concluded his post by reiterating his criticism of the presenters, declaring that “hypocrisy is real.”
NEWS
NNPC’s 30-Day Petrol Discount Is Not a Policy – Sowunmi
Oil and gas expert, Olabode Sowunmi, has described the Nigerian National Petroleum Company Limited (NNPC) Retail’s 30-day petrol discount as a business decision rather than a government policy.
Sowunmi argued that the initiative was a commercial move by a single market player designed to achieve specific business objectives, rather than a government policy intended to affect all participants in the petroleum industry.
ALSO READ: NNPC Petrol Discount: Oyedele Explains How Lower Margins Could Boost Profits
The energy expert made the remarks during an appearance on The Morning Show on Monday, where he questioned whether the petrol discount should be classified as a policy.
“I’m not sure it’s a policy. I think it was a business decision,” Sowunmi said.
He explained that government policy typically involves a deliberate process designed to influence or regulate the activities of multiple players within a sector.
According to him, the petrol discount differs from such policies because it represents a decision by one company to achieve its own objectives.
“A policy, by definition and by what it is, is a government thought-out process that affects all players. But this is a decision by one single player, calculated to achieve something within their own goals,” he stated.
Sowunmi Cites Telecoms Promotional Offers
To illustrate his argument, Sowunmi compared the petrol discount to promotional offers previously introduced by telecommunications companies to attract customers and strengthen their market positions.
He cited Econet and Vmobile, which operated in Nigeria’s telecommunications market before the emergence of the current industry landscape, as examples of companies that offered promotions such as “buy one, get one free.”
According to him, such offers were commercial decisions made by individual companies and were not intended to change the business strategies of their competitors.
He noted that the promotions were not designed to alter the plans of rival operator MTN but were calculated efforts by the companies to advance their own business interests.
“Businesses do those kind of things as calculated efforts to grow their businesses,” he said.
NEWS
2027: No New Taxes Under My Gov’t If Elected – Sowore Clarifies
Omoyele Sowore, presidential candidate of the African Action Congress (AAC) for the 2027 presidential election, has declared that his proposed administration would not introduce new taxes if he becomes Nigeria’s president.
Sowore made the clarification following reactions to his interview on African Independent Television (AIT) on Saturday, October 10, 2026, during which he discussed expanding Nigeria’s tax base and bringing more economic activities into the tax system.
In a statement shared on his X account on Monday, the activist said the headline of the interview had created a misleading impression about his position on taxation.
READ ALSO: Nigeria@66: ‘You Wrecked Livelihoods’ — Sowore Fires Back at Tinubu
“Contrary to the misleading impression created by the headline of my recent @AIT_Online interview, let me state categorically that a #Sowore2027 administration has NO plans to introduce new taxes!” he said.
He added, “Nigerians are already overburdened by economic hardship. Our agenda is to create prosperity, not impose additional tax burdens on struggling citizens.”
Sowore also urged Nigerians to watch the video clip of his interview to understand his position directly.
During the interview, the AAC presidential candidate explained that his proposed approach would involve expanding the tax base rather than introducing new taxes.
“We are not going to introduce new taxes, but we would expand the tax base relative to GDP ratio,” he said.
He argued that Nigeria’s tax collection remained relatively low compared with some other African countries.
“Nigeria is probably a poor tax country,” Sowore said, citing Ghana and South Africa as examples in his discussion of tax-to-GDP ratios.
Clarifying his position on taxation, he said, “No. But you see, no, no, no. I’m not taxing Nigerians. We’re expanding the tax base. Are you getting it?”
He explained that the proposed expansion would cover economic activities that were not adequately captured by the existing tax system, including informal businesses and traders operating in markets and on the streets.
“Yeah, as long as they’re making money, all right? And you are supposed to pay tax and ensure that government can do what it say it would deliver to you,” he said.
The AAC presidential candidate also argued that Nigeria could generate additional revenue by recovering money allegedly owed to the government rather than placing additional tax burdens on citizens.
He questioned the recurring concern over how the government would raise funds to provide public services.
“How do you get money? Because that’s always been the, that’s always been, you know, the question thrown at Nigerians. ‘Ah, where are we going to get the money?’” he said.
Sowore claimed that more than $62 billion in royalties was owed to the Nigerian state by oil operators.
“There are, as I speak to you today, over $62 billion in unpaid royalties to the Nigerian state from people that we gave free oil blocks and are making billions from it. They don’t pay royalties,” he said.
He further argued that royalties should be considered part of the broader system of government revenue collection.
“All these revenues we are talking about, they fall under the category of tax. Are you getting my point? Royalties are taxes too,” he said.
He maintained that the government should ensure that those owing the money are assessed and held accountable.
Sowore maintained that recovering the alleged outstanding royalties could provide resources for public infrastructure and social services.
He proposed using the revenue to fund development projects, including roads and schools, while reducing government expenditure.
“We use it to do what we know, the roads we need to construct, the schools we need to build. And we cut down the cost of governance,” he said.





