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EFCC Releases E-Money Hours After Interrogation Over Alleged Naira Abuse

 

Popular Nigerian socialite, Emeka Okonkwo, also known as E-Money, has been released on bail by the Economic and Financial Crimes Commission (EFCC) following his arrest over alleged abuse of the naira.

A source within the EFCC, who requested anonymity, confirmed to judiciary correspondent Shola Soyele that E-Money was granted bail on Tuesday and is expected to face formal charges in court soon.

E-Money was reportedly arrested in the Omole area of Lagos and later transferred to the EFCC headquarters in Abuja.

His arrest followed allegations that he was seen at a public gathering where he allegedly sprayed both naira and U.S dollar bills — actions said to be in violation of Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.

As at the time of this report, the EFCC has not issued an official statement regarding his arrest.

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Court Orders EFCC To Release Aisha Achimugu Within 24 Hours

 

Justice Inyang Ekwo of the Federal High Court, Abuja, has ordered the Economic and Financial Crimes Commission (EFCC) to release businesswoman and socialite, Aisha Achimugu, within 24 hours of his ruling.

In his directive, Justice Ekwo also instructed that both parties appear before the court on May 2nd to report the outcome of the order.

The judge had earlier, on Monday, instructed Achimugu to present herself to the EFCC in relation to an ongoing investigation into allegations of money laundering and other offences.

Justice Ekwo stated that upon her appearance at the EFCC office, “the anti-graft agency is to return and make an appearance before the court with her on Wednesday, April 30, for report.”

Achimugu was arrested at about 5 am on Tuesday by EFCC operatives at the Nnamdi Azikiwe International Airport in Abuja, shortly after she returned to Nigeria from London.

The EFCC is probing Achimugu over alleged involvement in conspiracy, obtaining money by false pretence, money laundering, corruption, and ownership of properties believed to be unlawfully acquired.

Although she had previously been arrested and released on administrative bail, the EFCC later claimed she violated her bail conditions and subsequently declared her wanted.

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BREAKING: Court Of Appeal Upholds Conviction Of Prof. Ogban For Falsifying Election Results In Favour Of Akpabio

 

The Court of Appeal sitting in Calabar, Cross River State, has affirmed the conviction and three-year prison sentence handed to Professor Peter Ogban for his role in falsifying election results during the 2019 Akwa Ibom North-West Senatorial District election to benefit Senator Godswill Akpabio.

In its ruling delivered on Wednesday, the appellate court upheld the earlier verdict of the High Court in Ikot Ekpene, Akwa Ibom State, which found Ogban guilty of electoral malpractice.

The court, in strong terms, denounced his conduct, emphasizing the seriousness of his actions, especially “as a university professor entrusted with the integrity of the electoral process.”

Ogban, a professor of Soil Physics at the University of Calabar, served as the returning officer in the senatorial election.

The Independent National Electoral Commission (INEC) prosecuted him after uncovering that he had manipulated results to favour Godswill Akpabio, then Minister of Niger Delta Affairs.

According to the court’s findings, Ogban deliberately inflated Akpabio’s votes and suppressed those of his opponent, Christopher Ekpenyong of the Peoples Democratic Party (PDP).

Akpabio, however, has consistently denied any connection to the fraudulent acts, insisting he was not involved in the manipulation.

The case stemmed from a broader probe led by the then Resident Electoral Commissioner (REC) for INEC in Akwa Ibom, Barrister Mike Igini, who initiated the prosecution of two university professors, Peter Ogban and Ignatius Uduk, for tampering with and announcing falsified election results.

The Court of Appeal’s decision now firmly cements the conviction of Ogban as “one of the landmark outcomes” of that effort.

In a related development, another academic, Professor Ignatius Uduk of the University of Uyo, was sentenced in February by a State High Court in Uyo to three years’ imprisonment.

Uduk was found guilty of perjury and for publishing false results during the 2019 Essien Udim State Constituency election where he served as the returning officer.

Along with the prison sentence, he was fined N100,000.

The case marked the second major conviction of a Nigerian professor for electoral misconduct.

Uduk was first arraigned in December 2020 after evading multiple court summons.

He pleaded not guilty to the three charges brought against him by INEC.

The case suffered numerous adjournments due to various delays, including a change of defence counsel and an incident where the professor collapsed in court during cross-examination.

At one point in the proceedings, Uduk accused the trial judge of bias and requested that the judge recuse himself from the case, a request that was granted.

Ironically, the case was later reassigned to the same judge, who eventually concluded the trial.

 

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2027: Don’t Play Second Fiddle, Lead Tinubu’s Re-election Bid, Kalu Urges South East

 

Deputy Speaker of the House of Representatives, Benjamin Kalu, has called on the South East to take a frontline role in President Bola Tinubu’s re-election campaign ahead of the 2027 general elections, stating that the era of playing second fiddle in national politics is over.

Speaking in Umuahia, the capital of his home state, Abia, at the unveiling of the Renewed Hope Partners initiative, Kalu emphasized that the zone must do more than offer token support to the Tinubu-led federal government.

He described RHP as a strategic platform to publicize the achievements of the administration’s Renewed Hope Agenda.

Kalu explained that the RHP would engage in grassroots voter education to deepen understanding of the Renewed Hope Agenda among communities in the region.

“The RHP would create ambassadors whose job would be to advocate and showcase the good works of President Tinubu’s administration in the country, particularly in the South East region, to convince them of the need for continuity,” he said.

To facilitate this, he revealed plans to set up Renewed Hope Councils in every LGA across the South East.

These councils, he said, would be linked to the South East Development Commission (SEDC) outreach teams, integrating the President’s policy wins into tangible local programmes.

According to him, “each of the seven pillars would be aligned with local town-hall campaigns, ensuring that every citizen sees the direct benefits of President Tinubu’s agenda.”

The Deputy Speaker praised Tinubu’s leadership, saying the administration had made significant strides in economic reform, youth empowerment, and bridging developmental divides across the country.

“President Tinubu’s administration has fundamentally improved the nation’s economy by empowering the youth and thus begun to bridge the development gap between various zones,” he noted.

Citing specific accomplishments in the South East, Kalu pointed to the President’s commitment to completing the Eastern Rail Line from Port Harcourt to Maiduguri, which would link key commercial hubs such as Aba and Onitsha to Northern markets.

“This project is expected to unlock a ₦50 billion annual trade portfolio,” he added.

He also highlighted energy infrastructure developments, including the gas project commissioned by Tinubu in Imo State, the expansion of the AHL and ANOH Gas Processing Plants, and the construction of the 23.3 km ANOH–OB3 Custody Transfer Metering Station pipeline.

According to him, these initiatives, once completed, “would collectively supply approximately 500 million standard cubic feet of gas per day, thereby increasing domestic gas supply by at least 25%.”

Kalu mentioned that President Tinubu had also shown commitment to industrializing the oil and gas sector in the region through the establishment of NOGaPS Industrial Parks by the Nigerian Content Development and Monitoring Board (NCDMB) across states like Bayelsa, Cross River, Akwa Ibom, Imo, Abia, and Ondo.

He further said the President supports the full development of the Anambra Gas Basin for national and regional economic benefit.

Beyond the South East, Kalu said the Tinubu-led government has performed well nationwide, pointing to the doubling of federal revenues to over ₦9 trillion in the first quarter of 2024 and a 97% drop in debt servicing within just 13 months.

He also cited $50.8 billion in foreign investments and growth in GDP from 27% in 2023 to 34% in 2024 as signs of the administration’s success.

According to him, the newly established SEDC has signed a memorandum of understanding with the United Nations Development Programme (UNDP) to implement an integrated development plan.

“This includes investment in agriculture, manufacturing, and technology to stimulate entrepreneurship, job creation, and critical infrastructure development,” he said.

Kalu further urged the federal government to fast-track additional infrastructure across the region, including the construction of gas pipelines, dredging of the Onitsha River Port to open up inland waterways for trade, gully erosion control across the states, and eco-conservation projects such as reforestation of Udi Hills.

He called for more ecological funds to combat flood risks in cities like Aba and Onitsha and the preservation of mangrove ecosystems along the Imo River to sustain local fisheries and protect shorelines.

“Mr. President, having delivered on his eight-point agenda, the South East region should decisively align with his-led federal government and harness these gains for their well-being,” Kalu declared.

“I therefore urge the South East Region to reciprocate the President’s gesture by giving him the majority votes come 2027,” he concluded.

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I Regret Running With Atiku As VP In 2023 – Former Delta Governor, Okowa

 

Former Delta State Governor, Dr. Ifeanyi Okowa, has openly expressed regret over his decision to contest as the vice-presidential candidate alongside Alhaji Atiku Abubakar under the Peoples Democratic Party (PDP) during the 2023 presidential election.

Speaking during an interview on Arise Television, Okowa admitted that his choice ran contrary to the prevailing sentiment among the people of Delta State.

“Even when we were campaigning, I realised our people were not interested in having another northerner come into power,” he stated.

He acknowledged that although the PDP had made the decision at the national level and he had already been nominated, he later came to see that it was out of alignment with the expectations of his constituents.

“But the decision had already been taken at the federal level by the party (PDP) and I had been nominated. Still, in retrospect, I now believe I should have gone with the will of my people,” he said.

In addition, Okowa responded to recent criticism from former Senate President, Bukola Saraki, over his move from the PDP to the All Progressives Congress (APC), asserting that Saraki lacked the moral standing to speak on the matter.

“I did not expect that someone like Senator Bukola Saraki should be able to speak concerning me, because he knows that he had also moved to APC before and eventually returned,” Okowa said.

“So he has had movement to and fro. So, I don’t think that he has the moral right to even speak about my defection at all.”

He further explained that the decision to join the APC was not personal, but a strategic one reached after consultations with key political stakeholders in Delta State.

According to him, the PDP had become weakened by internal discord and lacked the vision required to move forward.

“Several things have been going on in the party. While I do not want to join issues with people, as stakeholders, our leaders in this state have sat down to look at the events in the last several months,” Okowa noted.

“Because of the events that we see and the communications coming out from the leadership of the PDP at the moment, it did not appear to us that that was a proper political vehicle for us to continue in.”

He concluded by saying that the disunity among PDP governors and the persistent leadership crisis within the party signaled its unpreparedness for any meaningful political engagement ahead of the 2027 general elections.

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Defections: PDP NWC Holds Emergency Meeting

 

The National Working Committee (NWC) of the Peoples Democratic Party (PDP) on Tuesday held an emergency meeting at its national secretariat in Abuja, as the party grapples with a wave of high-profile defections and internal instability.

The meeting, which is taking place behind closed doors, comes on the heels of significant losses for the PDP, particularly in Delta State, one of its traditional strongholds.

Just last week, former vice presidential candidate and ex-governor of Delta State, Dr. Ifeanyi Okowa, alongside the sitting Governor Sheriff Oborevwori, officially joined the ruling All Progressives Congress (APC).

In a move that sent shockwaves through the opposition, the two leaders were joined by the Deputy Governor, Monday Onyeme, state commissioners, local government chairmen, and key grassroots operatives.

Their decision followed a private meeting in Asaba, the state capital, after which the entire PDP structure in the state appeared to collapse into the APC.

This mass realignment has raised urgent questions about the PDP’s cohesion and electoral viability ahead of the 2027 general elections.

Party leaders are said to be deliberating on damage control strategies and plans to restore internal unity.

As at the time of this report, details of the NWC’s deliberations have not been made public.

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BREAKING: Edeoga’s Return To PDP Triggers Mass Exodus From LP As Former Enugu Assembly Member, Peter Obi Campaign DG, Others Dump Party

 

Wave of defections have continued to rock the Labour Party in Enugu State, following the return of Barr. Chijioke Edeoga, its 2023 governorship candidate, to the Peoples Democratic Party (PDP), DAILY GAZETTE reports.

Several prominent figures, including the former Director-General of the Peter Obi Presidential Campaign in Enugu, Chief Emeka Mamah; a former member of the Enugu State House of Assembly who represented Udenu Constituency, Hon. Obinna Ijere; and the State Publicity Secretary of the Labour Party, Barr. Onuorah Odoh, have all officially dumped the party, citing loyalty to Edeoga.

DAILY GAZETTE gathered that Chief Mamah, whose grassroots mobilization was instrumental to the Labour Party’s rise during the 2023 general elections, announced his defection on Tuesday in his Igbo-Eze North Local Government Area.

He was joined by a large contingent of supporters.

Addressing party faithful at the state PDP Secretariat, Mamah declared, “my political journey has always been guided by principle, loyalty, and the pursuit of justice. I followed Edeoga to the Labour Party because I believed in his vision. Now that he has returned to the PDP, it is only natural that we reunite to continue the struggle from within a platform that gives us the best chance to serve our people.”

The former Commissioner added, “the Labour Party in Enugu has lost direction since Edeoga left. The structure is crumbling, the energy has dropped, and there’s no cohesive leadership. We cannot continue in a vacuum.”

This latest defection adds to the growing list of Labour Party leaders and supporters who have returned to the PDP in recent weeks, following Edeoga’s formal re-entry into the party where he previously served as Commissioner and a member of the House of Representatives.

Also speaking, Hon. Obinna Ijere, who was elected into the Enugu State House of Assembly under the Labour Party in 2023 before being removed by the court, said, “We gave our all to the Labour Party because we believed it was a people-driven platform. But the internal contradictions, lack of leadership structure, and Edeoga’s exit forced us to re-evaluate. The PDP remains the strongest vehicle for real governance in Enugu.”

However, officials of the Labour Party in Enugu have downplayed the development, insisting that the party remains focused and resilient.

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JUST IN: E-Money Arrested By EFCC

 

The Economic and Financial Crimes Commission (EFCC) has apprehended Lagos-based businessman and socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over alleged abuse of the Nigerian currency.

DAILY GAZETTE gathered that the operatives of the anti-graft agency arrested E-Money at his Lagos residence on Monday night.

The charges against him center on suspected violations of the Central Bank of Nigeria Act and the Foreign Exchange Act, particularly involving the spraying and defacement of the naira and US dollars at a recent social event in Lagos.

Though the exact event is yet to be identified, sources link the incident to E-Money’s public display of foreign currency, which is considered unlawful.

A reliable source within the commission disclosed: “He was picked up quietly without any resistance and has since been moved to Abuja for further questioning by investigators.”

The EFCC confirmed it has opened a formal investigation into the allegations and may press charges once inquiries are completed.

Although the Commission’s spokesperson, Dele Oyewale, refused to provide official comment, multiple EFCC insiders affirmed both the arrest and the planned legal proceedings.

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Putin Announces Ukraine Ceasefire May 8-10

 

Russian President, Vladimir Putin has ordered a surprise three-day ceasefire from May 8-10, coinciding with Moscow’s World War II Victory Day commemorations, the Kremlin said Monday.

Moscow said it expected Kyiv to issue a similar order, and that it stood ready to respond to any violations of the possible halt in fighting.

Putin made a similar order to stop combat over Easter, a truce that both sides accused the other of violating hundreds of times, but did lead to a temporary reduction in fighting.

“The Russian side is declaring a ceasefire during the 80th anniversary of Victory Day, from midnight on May 7-8 to midnight on May 10-11. All combat operations will be suspended during this period,” the Kremlin said in a statement.

“Russia believes that the Ukrainian side should follow this example. In the event of violations of the truce by the Ukrainian side, the Russian armed forces will give an adequate and effective response,” it added.

Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky Putin last month rejected a US proposal for a full and unconditional 30-day ceasefire that had been accepted by Ukraine.

Kyiv and its European backers accused Putin of announcing the 30-hour Easter truce as a PR exercise and said he had little desire for peace.

Since launching its Ukraine offensive in February 2022, Russia has seized large parts of four Ukrainian regions and claimed them as its own, in addition to Crimea, which it annexed in 2014.

Putin’s order of a ceasefire comes at the beginning of what the United States indicated would be a crucial week for the chances of a ceasefire that could determine how long Washington keeps trying to broker a deal.

After a meeting with Ukrainian President Volodymyr Zelensky at Pope Francis’s funeral on Saturday, Donald Trump questioned whether the Russian leader was serious about peace.

“There was no reason for Putin to be shooting missiles into civilian areas, cities and towns, over the last few days. It makes me think that maybe he doesn’t want to stop the war, he’s just tapping me along,” Trump had said on Truth Social.

Russian missiles have killed dozens of civilians over the last month in large-scale strikes on Zelensky’s home city of Kryvyi Rig, the northeastern city of Sumy and the capital Kyiv.

Russia had earlier on Monday said it was ready to negotiate directly with Ukraine, but that recognition of its claims over five Ukrainian regions including Crimea were “imperative” to resolving the conflict.

Ukraine has denounced the annexations as an illegal land grab and says it will never recognise them, while European officials have warned that accepting Moscow’s demands set a dangerous precedent that could lead to future Russian aggression.

Russian Foreign Minister Sergei Lavrov said in an interview with Brazilian newspaper O Globo published Monday that “we remain open to negotiations.”

“But the ball is not in our court. So far, Kyiv has not demonstrated its ability to negotiate,” he said, adding Moscow’s position on the conflict was “well-known”.

“International recognition of Russia’s ownership of Crimea, Sevastopol, the Donetsk People’s Republic, the Lugansk People’s Republic, the Kherson and Zaporizhzhia regions is imperative,” he said, using the Kremlin’s names for the Ukrainian regions.

Zelensky said last Friday that Ukraine would “not legally recognise any temporarily occupied territories”, and has previously called the demilitarisation demand “incomprehensible”.

Trump, who boasted before his inauguration he could halt Russia’s assault on Ukraine within “24 hours”, launched a diplomatic offensive to stop the fighting after taking office in January.

But the White House has voiced frustration with both sides, as the conflict that has devastated swathes of eastern Ukraine and killed tens of thousands of people drags on.

Russia and Ukraine have not held direct talks on the fighting since the start of Moscow’s offensive in 2022.

Early Monday, a Russian attack on a Ukrainian village near the frontline city of Pokrovsk killed a married couple and another local resident, regional prosecutors said.

Meanwhile, Russia over the weekend announced it had taken full control of its Kursk region with the help of North Korean troops, more than eight months after Kyiv launched a cross-border ground assault.

In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with acting governor of the Kursk region at the Kremlin in Moscow on February 5, 2025.

Putin thanked North Korean leader Kim Jong Un on Monday for help with the operation, which has denied Kyiv a key bargaining chip in future talks with Moscow.

The Russian army said Monday it had taken control of the village of Kamianka in the northeastern Kharkiv region, in its latest battlefield advance.

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EFCC Arrests Aisha Achimugu Over Alleged Money Laundering After Return From London

 

Aisha Achimugu, a prominent businesswoman and socialite, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) at the Nnamdi Azikiwe International Airport, Abuja.

She was taken into custody at about 5 a.m. on Tuesday, shortly after arriving from London.

A senior official of the EFCC confirmed the arrest in a telephone conversation with Channels Television.

Achimugu had been declared wanted by the EFCC in March over allegations of criminal conspiracy and money laundering.

Her lawyer, Chikaosolu Ojukwu (SAN), confirmed the development, stating, “Aisha Achimugu, who arrived voluntarily into the country from London, was arrested by the EFCC around 5 am on Tuesday.”

Ojukwu criticized the arrest, arguing that it contravened a court directive.

“In light of what transpired in court on Monday, my client returned based on the undertaking before the court to honour the EFCC’s invitation, but was arrested at the airport,” he said.

He further revealed that Achimugu has started a hunger strike in protest of what he described as a violation of her rights.

“She is a prisoner of conscience,” Ojukwu added.

As of the time of reporting, EFCC spokesperson Dele Oyewale had not officially confirmed the arrest.

The arrest followed a ruling by Justice Inyang Ekwo of the Federal High Court, Abuja, directing Achimugu to appear before the EFCC on Tuesday and to also be present in court on Wednesday, April 30, 2025.

In a statement released earlier by Dele Oyewale, the EFCC said the court’s order was issued in response to a suit filed by Achimugu against multiple security agencies, including the EFCC, the Nigeria Police Force, the Department of State Services (DSS), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigeria Security and Civil Defence Corps (NSCDC), and the Nigeria Immigration Service (NIS).

EFCC counsel Ekele Iheanacho told the court that the Commission had filed a counter-affidavit, supported by testimony from investigator Chris Odofin, explaining the reasons behind Achimugu’s invitation.

Odofin stated in the affidavit that Achimugu is under investigation for alleged conspiracy, obtaining money under false pretence, money laundering, corruption, and unlawful acquisition of property.

According to him, Achimugu initially complied with an EFCC invitation on February 12, 2024, during which she made a written statement and was granted administrative bail through her lawyer and surety, Darlington N. Ozurumba.

However, she allegedly failed to honour subsequent appointments, choosing instead to file a suit challenging the Commission’s actions.

In her statement to the EFCC, Achimugu reportedly explained an inflow of N8.71 billion into her company’s accounts as an “investment fund” intended for acquiring an oil block.

She claimed the funds were remitted to the Federal Government’s account through her company, Oceangate Engineering Oil and Gas Limited, and referenced documentation from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Nonetheless, the EFCC’s investigation revealed that Achimugu’s company had acquired two oil blocks — Shallow Water PPL 3007 and Deep Offshore PPL 302-DO — at a cost of $25.3 million.

The Commission stated that the funds used were allegedly paid in cash through bureau de change channels and their sources could not be traced to any verifiable business or investment.

The EFCC further alleged that the acquisition was marred by corrupt practices and that, as of the time of investigation, no exploration or production activity had commenced on either block.

The Commission accused Achimugu of using the fundamental rights enforcement suit as a means to obstruct the ongoing investigation.

It also referenced an earlier decision in suit No. FHC/ABJ/CS/451/2024, in which the court dismissed her claim of rights violations.

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