NEWS
Expose Stolen Nigerian Assets Abroad, Get Up to 5% Reward — EFCC
The Economic and Financial Crimes Commission has offered whistleblowers between 2.5 per cent and 5 per cent of recovered stolen Nigerian assets for credible information that leads to the recovery of such assets held abroad.
The EFCC Chairman, Ola Olukoyede, disclosed this on Wednesday while delivering a lecture at the Cambridge International Symposium on Economic Crime in the United Kingdom.
Olukoyede said the incentive was aimed at encouraging citizens to provide information that could assist the commission in tracing and recovering illicit Nigerian assets taken outside the country.
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“The citizens must be encouraged with your whistleblower protection. If any of you is privy to where a Nigerian asset is stolen or taken to anywhere in the world, we have an incentive for you. Between 2.5 and 5 per cent is going to go back to you upon recovery,” he said.
The EFCC chairman also revealed that the commission had forfeited cash and assets worth more than $500 million to the Federal Government within the past three years.
“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,” Olukoyede said.
According to him, the commission’s success in recovering illicit assets has been aided by the ability of its operatives to trace assets, cooperation from the judiciary and access to credible intelligence.
He added that the EFCC has “some of the best investigators around the world.”
Olukoyede explained that the commission is constitutionally empowered to seek the forfeiture of suspected proceeds of crime through the courts.
“We have something similar to what is obtainable in Australia and Canada that empowers us to apply for the forfeiture of proceeds of what is suspected to be proceeds of crime,” he said.
“You apply ex parte to the High Court upon a probable suspicion of the proceeds of crime,” Olukoyede explained.
The EFCC chairman cited several cases in which the commission had secured asset forfeitures, including cases involving a former Chairman of the Central Bank of Nigeria and former Attorney-General of the Federation, Abubakar Malami.
Olukoyede recalled that the commission had forfeited an aircraft belonging to an individual allegedly involved in a $30 million bribery case, saying the aircraft had subsequently been added to the Presidential Air Fleet.
“This aircraft was forfeited by someone who was supposed to be a member of the monetary committee of a power project in Nigeria. We discovered he collected a bribe of about $30 million in Nigeria.
“He forfeited that about three months ago, and it has been added to the presidential air fleet at the moment,” he said.
He also disclosed that the EFCC had forfeited a property containing about 753 housing units linked to a former CBN governor.
“That property contains about 753 housing units we forfeited from an erstwhile governor of the Central Bank of Nigeria. We have criminal charges against him [in] about three courts,” Olukoyede said.
On the former Attorney-General, Malami, the EFCC chairman said the commission traced about 57 properties allegedly linked to him and had secured the forfeiture of about 48.
“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.
Olukoyede also disclosed that the commission had forfeited a private university linked to a director in the Federal Ministry of Health following an investigation, after which the official voluntarily surrendered the property.
The EFCC boss stressed the importance of whistleblower protection and credible intelligence in the fight against corruption and the recovery of assets allegedly taken out of Nigeria.
NEWS
Military Gear Found at Ondo Crash Site as Helicopter Burns to Rubble
Military gear has reportedly been found at the scene of a helicopter crash in Igbokoda, headquarters of Ilaje Local Government Area of Ondo State.
The helicopter crashed in a swampy area of the coastal community on Monday, October 5, 2026, sparking panic among residents.
The Chairman of Ilaje Local Government Area, Maurice Oripelaye, said military personnel and equipment were seen at the crash site, raising the possibility that the aircraft could have been a military helicopter.
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However, the identity of the helicopter and its operator had not been officially established as of the time of filing this report.
Oripelaye said the aircraft crashed near the Naval Base area and was burnt to rubble following the incident.
He also said the number of people who were aboard the helicopter could not immediately be ascertained, while the fate of those on board remained unclear.
Earlier, residents reported hearing a loud sound from the direction of the crash before discovering that an aircraft had gone down in the swampy area.
The difficult terrain has also made access to the crash site challenging, with security personnel and other responders deployed to the area.
The Ondo State Police Command has confirmed the aircraft crash and said investigations are ongoing to establish the circumstances surrounding the incident.
The police urged residents of Igbokoda and adjoining communities to remain calm and avoid spreading unverified information, promising to provide further details as credible information becomes available.
NEWS
JUST IN: Oluremi Tinubu Arrives BATICC for APC Women’s Pre-Inaugural Ceremony Arrives BATICC for APC Women’s Pre-Inaugural Ceremony
Nigeria’s First Lady, Senator Oluremi Tinubu, has arrived at the Bola Ahmed Tinubu International Conference Centre (BATICC) in Abuja for the All Progressives Congress (APC) Women Stakeholders’ Mobilisation and Empowerment Pre-Inaugural Campaign Roll-Out.
The First Lady arrived at the conference centre on Monday, October 5, for the women-focused political gathering organised by the Women Mobilisation Directorate of the APC Presidential Campaign Council ahead of the 2027 general elections.
The event is themed “Renewed Hope Agenda 2.0: From Reforms to Prosperity,” with the mobilisation message, “One Voice, One Movement, One Choice, One Mandate 2027.”
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The gathering is expected to bring together thousands of women from across the country, including women leaders, professionals, entrepreneurs, political stakeholders, community representatives and grassroots organisers.
20,000 women expected
The arrival follows a report published on Sunday, October 4, which said Oluremi Tinubu was expected to lead a major mobilisation of women stakeholders in Abuja.
According to the report, more than 20,000 women were expected to attend the Women Stakeholders’ Mobilisation and Empowerment Pre-Inaugural Campaign Roll-Out scheduled for 8am at BATICC.
The APC Women Mobilisation Directorate has also announced an ambitious target of mobilising 40 million women’s votes for President Bola Tinubu and Vice-President Kashim Shettima ahead of the 2027 presidential election.
Director of the Women Mobilisation Directorate of the APC Presidential Campaign Council, Dr Betta Edu, disclosed the target ahead of the gathering and said the structure was expanding its grassroots mobilisation across the country.
Speaking ahead of the event, a member of the APC Presidential Campaign Council Women Mobilisation Planning Committee, Princess Gloria Akobundu, highlighted programmes including the Nigerian Education Loan Fund (NELFUND), CREDICORP, infrastructure projects, cash-transfer programmes and youth empowerment initiatives.
Akobundu urged women in Imo State and across the South-East to strengthen their mobilisation structures and take the Renewed Hope Agenda message to communities across the region.
She said, “We are calling on our women across the South-East to strengthen their mobilisation and ensure that the message of the Renewed Hope Agenda reaches every community and locality.”
NEWS
‘Nigerians Still Exposed to Kidnappers Despite Subsidy Savings for Security’ – Atiku
Former Vice President Atiku Abubakar has criticised the Federal Government over the continued exposure of Nigerians to kidnappers, questioning the impact of savings from fuel subsidy removal on national security.
Atiku disclosed this in a statement on Monday while reacting to the abduction of 20 travellers, including prospective National Youth Service Corps (NYSC) members, in Imo State.
He described the abduction as “heartbreaking,” noting that although some of the victims had been rescued, others remained in captivity.
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Atiku urged the Federal Government, Imo State Government and security agencies to act with urgency to secure the release of all those still being held.
He also raised concern over more than 70 pupils and students abducted from Mussa and Lassa in Borno State who, according to him, have remained in captivity for months.
“These children must not be forgotten. Their families deserve clear updates, and the public deserves answers,” he said.
The former vice president questioned the government’s handling of insecurity, recalling President Bola Tinubu’s promise that savings from the removal of fuel subsidy would help fund security.
“Yet Nigerians remain exposed to kidnappers on our roads, in our communities and around our schools,” Atiku said.
He said young Nigerians were facing danger at different stages of their lives, from secondary school to university and now while travelling to NYSC camps.
“Young people face danger in secondary school, struggle with unaffordable fees at university, and are now targets on their journeys to NYSC camps. This is a generation being failed at every stage,” he said.
Atiku also criticised the award of what he described as huge pipeline security contracts to politically connected companies, while ordinary Nigerians continue to face criminals.
“The first duty of government is to protect lives,” he stated.
He called for the immediate and safe rescue of every abducted young person and the return of those still unaccounted for.
Atiku also reaffirmed his commitment to building a safer and more affordable Nigeria where young people can create, build and prosper.
“My promise to build a safer and more affordable Nigeria, where young people can create, build and prosper, remains unshakable,” he said.





