Crime
Mayfresh MD, Catholic Sisters In EFCC Net Over Share Fraud
The Economic and Financial Crimes Commission (EFCC) has taken into custody the Managing Director of Mayfresh Mortgage Bank, Mark Egbegolu, and questioned two Catholic Sisters of Jesus the Saviour (SJS) over allegations of illegal share removal and document falsification at the Corporate Affairs Commission (CAC).
Investigations revealed that Reverend Sisters Annette Ezekwem and Gertrude Okafor were invited for questioning on Wednesday, August 13, and granted bail to Reverend Father Emmanuel Edeh the following day.
Egbegolu, who was arrested on Friday, August 8, is still being held by the EFCC.
READ MORE: Lagos Police Nab Educational Consultancy Staff Over Fake Visa Fraud
Sources familiar with the case said the arrests are connected to claims that shares belonging to the late Chief Steven Edeh, Arc. John Paul, and Mrs. Maria Edeh-Omego were unlawfully erased from CAC records, with the alleged involvement of some CAC personnel.
The matter originated from a petition submitted on May 2, 2025, by the affected shareholders through their legal counsel, Mr. Olu Omotayo.
The petition alleged that the accused persons tampered with shareholding records in breach of Section 175(3) of the Companies and Allied Matters Act (CAMA) 2020, which regulates share transfers in Nigeria.
It stressed that such acts undermine investor confidence and national economic growth.
The petitioners maintained that “even a company’s resolution cannot strip shareholders of their ownership, as shares remain the personal property of an individual until lawfully transferred.”
They further urged the EFCC to treat the matter purely as a criminal case involving the alleged removal of ownership records, and not as a civil dispute over the bank’s internal administration.
An earlier petition, dated November 5, 2024, had been sent to the National Security Adviser, who subsequently referred it to the EFCC.
The complainants alleged that when they met with investigators in February 2025, the commission diverted its focus to bank management issues rather than the alleged forgery.
They claimed this delay and lack of direct action caused emotional strain that contributed to the death of 75-year-old Chief Edeh in March 2025.
Confirming the development, EFCC spokesperson and Deputy Commander, Dele Oyewale, said in a phone interview:
“Yes, the commission arrested them, and an investigation is going on.”
The EFCC is continuing its inquiry and may make additional arrests as it works to unravel the alleged manipulation of Mayfresh Mortgage Bank’s shareholding records.
Crime
“My Properties Are Legitimate” — Malami Challenges EFCC Allegations in Court
Former Attorney General of the Federation, Abubakar Malami, has strongly denied allegations that his properties are proceeds of crime, as he challenges the Economic and Financial Crimes Commission (EFCC) in court over an interim forfeiture order.
Malami, in a sworn affidavit before the Federal High Court in Abuja on Monday, maintained that all assets linked to him were lawfully acquired through years of legal practice, business investments, loans, and other legitimate sources of income.
He faulted the EFCC’s position, insisting that the agency failed to present credible evidence connecting any of the properties to unlawful activity.
SEE MORE: Court Pushes Malami, Son’s Terrorism Financing Trial to April 15
According to him, the claims were based on speculation rather than facts.
“There is no document before the court showing these properties were acquired with proceeds of crime,” he argued.
The former Minister of Justice also accused the anti-graft agency of inflating the value of his assets, alleging that properties worth hundreds of millions of naira were wrongly presented as being worth billions.
He further stated that independent valuations had shown significantly lower and more accurate figures.
Malami explained that his wealth was accumulated over decades through legal practice, investments in sectors such as hospitality, agriculture, and education, as well as loans from commercial banks, asset sales, and earnings from book-related activities.
He added that all his income had been duly declared to relevant government agencies.
He also alleged procedural violations, claiming that operatives of the EFCC acted outside their legal authority by seizing properties and evicting occupants without a final forfeiture order.
The EFCC, Economic and Financial Crimes Commission, had earlier obtained an interim forfeiture order over the assets, linking them to suspected proceeds of unlawful activities.
However, Malami is urging the court to dismiss the order and restore his properties.
Crime
Why South African Opposition Leader Malema Was Sentenced to 5 Years in Prison
A South African court has sentenced opposition leader Julius Malema to five years in prison following his conviction for illegal possession and public discharge of a firearm.
Malema, who leads the Economic Freedom Fighters (EFF), was found guilty on multiple counts linked to a 2018 incident during the party’s fifth anniversary celebration in the Eastern Cape.
At the event, he was captured in a widely circulated video firing a semi-automatic rifle into the air.
ALSO READ: Court Orders Arrest of Ex-Minister Sadiya Farouq, Perm Sec Over Alleged $1.3m, N746m Fraud
According to court proceedings, Malema argued that the act was merely celebratory.
However, the court rejected his defence, ruling that the action was not spontaneous but deliberate.
The presiding magistrate described the incident as premeditated and emphasized that Malema’s position as a prominent political figure placed a higher burden of responsibility on him.
The charges against him included unlawful possession of a firearm, discharging a weapon in public, and reckless endangerment.
The court held that such actions posed a serious threat to public safety and could not be excused under any circumstances.
Despite the five-year sentence, Malema was granted leave to appeal, meaning he will not be taken into custody immediately.
He walked free from the courtroom and was greeted by hundreds of supporters who had gathered outside.
Addressing the crowd, Malema alleged that the ruling was politically motivated, claiming that certain forces were attempting to silence him.
His supporters responded with chants and songs, showing continued loyalty to the outspoken politician.
Malema, a former youth leader of the African National Congress (ANC), was expelled after a fallout with former President Jacob Zuma.
He later founded the EFF, which has since grown into one of South Africa’s most influential opposition parties.
Reacting to the development, ANC Secretary-General Fikile Mbalula suggested that the case reflected broader political tensions.
However, lobby group AfriForum, which initiated the case after the video surfaced, insisted the prosecution was based strictly on enforcing the law.
Crime
Court Orders Arrest of Ex-Minister Sadiya Farouq, Perm Sec Over Alleged $1.3m, N746m Fraud
A High Court of the Federal Capital Territory (FCT), Abuja, has issued a warrant of arrest against former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, and a Permanent Secretary in the ministry, Bashir Nura Alkali, over their alleged involvement in a multi-million naira fraud case.
The arrest order was issued on Thursday, April 16, 2026, by Justice Jude Onwuegbuzie of the FCT High Court after the two defendants failed to appear in court for their scheduled arraignment.
SEE ALSO: Diezani Claims She Was NNPC&’s Rubber Stamp Before London Court
The duo, alongside a third defendant, Sani Nafiu Mohammed, are facing a 21-count charge filed by the Economic and Financial Crimes Commission (EFCC).
The charges border on alleged criminal breach of trust, abuse of office, fraudulent contract awards, and the diversion of public funds totaling $1.3 million and N746,574,303.
At Thursday’s proceedings, only Mohammed was present in court.
According to the EFCC, the alleged offences occurred between May 2021 and September 2022 in Abuja.
The anti-graft agency accused Farouq and Alkali of misappropriating funds meant to be refunded to the ministry by a private firm, Visual ICT Limited.
The money was reportedly linked to excess payments under the National Social Safety Net Coordinating Office (NASSCO) for the validation of Rapid Response Register beneficiaries.
The prosecution counsel, Rotimi Jacobs, told the court that although the charges were filed on December 15, 2025, the two defendants could not initially be served.
He added that despite assurances from their legal representatives, they failed to present themselves in court.
Jacobs further revealed that Farouq had earlier requested the release of her passport for a medical trip to Saudi Arabia in 2024 but has yet to return it or provide any medical report to justify her absence.
“My lord, since that passport was released to her, she has not returned it to the Commission, and no medical report has been submitted,” Jacobs stated, questioning the validity of the health claims presented by her counsel.
Counsel to the first defendant, Abdul Ibrahim, attributed his client’s absence to ill health and attempted to tender an affidavit to that effect, but the court rejected the application.
The EFCC also sought to amend an earlier ex-parte motion to focus on the first and second defendants and requested a bench warrant to compel their appearance.
The prosecution supported its request with an affidavit stating that both defendants had been granted administrative bail but failed to report back.
In response, the defence counsel pleaded with the court to grant a six-week extension to produce Farouq in court.
However, in his ruling, Justice Onwuegbuzie granted the EFCC’s application and issued a warrant for the arrest of the two defendants.
The case was subsequently adjourned to May 18, 2026, for arraignment and commencement of trial.






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