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Security Expert, Ibadin Lauds Buhari on Choice of Youth As EFCC Chairman

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The CEO Badison Security Services, Mr. Matthew Ibadin, has taken to his social media platform to thank the president of the federal republic of Nigeria, president Muhammed Buhari, on the appointment of a youth in person of Mr. Abdulrasheed Bawa as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).
The security expert in a statement in Lagos said he sees the appointment as a bold step towards curbing the rising state of corruption in the country, and also as a way of encouraging the youths in the country to participate in governance. He has also taken time to congratulate Bawa on his confirmation for appointment as he urged the 40 years old chairman to not disappoint the youths.

Mr Ibadin has commended president Muhammed Buhari for acknowledging the fact that his appointment of a youth as the new EFCC Chairman has given the Nigerian youths hope of a better and greater Nigeria.

He said “this is the age and time for technological implementations, this is the era of social media and technology, and we need someone with the vast knowledge of technology and how it operates, and the choice of the president is very recommendable because of the youthful exuberance of the new chairman”.

“The youths are the future of the country, engaging and involving them in governance is a good way of restoring constitutional responsibilities of checkmating corruption towards enhancing economic and national development, therefore the use of mobile gadgets and technologies should not be strange to the new chairman” says the Esan born security expert.

He said it was time for the youths to be given opportunities to exercise their constitutional rights in the area of governance, internet fraudsters use the internet to perform fraudulent acts, therefore, the chairman should not be obsolete, as the technology world is evolving he should also evolve with it.

He advised the new chairman to make use of the new police act and partner with private investigators and also make use of professional consultants and the chairman should be able to Harness the power of the internet. Mr. Ibadin advised that the new chairman make use of the youth in his quest to curb corruption explaining that the youth are on trend with the latest technology and how to curb cybercrime, because before you can apprehend criminals you have to be able to think and work like them. Also the training of the EFCC personnel in state of the art strategies for combating corruption is a vital aspect that must be implemented, the personnel must be well trained in security knowledge, so they can carry out their jobs effectively.

Mr. Ibadin stated that the EFCC was implemented to drive Nigeria’s anti-corruption activities. Since the EFCC has been given the mandate to investigate and prosecute cases of bribery, fraud, money laundering, smuggling and a host of other financial crimes, hence, it is pertinent for the new chairman to learn from the successes and failures of his predecessors, he should also focus on staff salaries, enumeration and accommodation because when your staffs are happy the work becomes easier for the chairman.

Mr. Ibadin stated that this is not the time and era of carrying files and looking for criminals, that every data and information should be archived on the internet accessories like icloud, google drive etc. for proper documentation, so as not to be having the issues of fire burning down the file storage house or animals swallowing money that’s supposed to be used for the general public.

He urged the new chairman to equip himself with people that can lead him in the right direction, “the chairman should build or form a good advisory team who can lead him to conscientiously and faithfully discharge its constitutional responsibilities of thwarting corruption towards improving national development.

He also likened the appointment of the new chairman to the case of current France president Emmanuel Macron who became the president of France at the age of 39 and Jean Castex the current prime minister of France who was appointed at the age of 46 as the France Prime Minister and our very own former head of state, Gen. Yakubu Gowon who was 31 years of age when he became the Nigerian head of state in 1966
Mr. Ibadin has also urged the new EFCC Chairman to not single out members of one political party or ethnic group for investigation or prosecution, he advised that anyone suspected to have gone against the principles of his office or abused his office by siphoning funds from the public purse should not be allowed to go scott free irrespective of his position in the public, ethnicity, or creed.

He implored him to work with the knowledge that his success and failure as the EFCC Chairman would either motivate the youths or demotivate them to hope and cheer for a better Nigeria. In his words “I am looking forward to an EFCC that would motivate the youths to do better in the area of governance and not demotivate them”.

He also stated that the EFCC should be accountable and transparent in its dealings as an agency and also an EFCC that is disciplined and neutral in its dealings with both the privileged and non-privileged. His office should mark the end of utter disregard to the rule of law and fundamental human rights of citizens.

Mr ibadin has also promised the new EFCC chairman that the Nigerian youths are solidly behind him, supporting and encouraging him to succeed in the fight against corruption, and he also urged him to give the youth the opportunity to do so not forgetting that the youth will also not fail to criticize his actions or inactions that may not be directed towards achieving a greater Nigeria.

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Sack Gbajabiamila Now, NDC Tells Tinubu Amid Fake Agency Scandal

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The Nigeria Democratic Congress (NDC) has called on President Bola Tinubu to immediately remove his Chief of Staff, Femi Gbajabiamila, over allegations linking him to an alleged multi-billion-naira corruption scandal involving a purported non-existent  government agency, the Presidential Foreign Intervention Promotion Council (PFIPC).

In a statement issued on Friday by its National Publicity Secretary, Osa Director, the opposition party described the allegations as grave and said Gbajabiamila’s continued stay in office could compromise any credible investigation into the matter.

The NDC’s demand follows allegations made by Prince Mathew Adeniyi Adeyemi, who claims to be the Director-General of the PFIPC, an agency the Presidency has publicly denied exists.

According to the party, the allegations raise serious concerns about transparency, accountability and integrity within the Tinubu administration.

The NDC alleged that despite the Presidency’s denial of the agency’s existence, the PFIPC purportedly secured budgetary allocations in the 2026 Appropriation Act and opened a domiciliary account, a Pound Sterling account and a Treasury Single Account (TSA) domiciled with the Central Bank of Nigeria.

The party questioned how an agency described as non-existent could allegedly establish multiple high-level government financial accounts without official approval or the required documentation.

It also called on the Office of the Accountant-General of the Federation to explain whether forged documents were used in processing the accounts.

The statement further alleged that the Head of the Civil Service of the Federation approved 314 staff positions for the purported agency, describing the development as another issue requiring urgent explanation.

According to the NDC, the allegations also include claims that Gbajabiamila demanded 48 per cent of the agency’s take-off grant, reportedly valued at N27.39 billion, a request Adeyemi allegedly rejected.

The party also cited Adeyemi’s claim that he secured his appointment through the Chief of Staff after allegedly paying N600 million, of which N400 million was allegedly paid through proxies, while N200 million remained outstanding.

It said the alleged unpaid balance reportedly contributed to the Presidency’s subsequent denial of the agency’s existence.

The NDC further alleged that the claims point to a wider pattern of institutional corruption, including the alleged sale of public appointments.

The party also linked the controversy to the death of Babatunde Tanimola, whom it described as an intermediary between Adeyemi and the Chief of Staff.

According to the statement, Tanimola reportedly died in a fire incident at a hotel in Utako, Abuja, on October 22, 2025, a day after the police reportedly received a petition from the Chief of Staff.

The NDC also referenced Adeyemi’s claims that he survived multiple assassination attempts, including an attack along the Abuja-Kaduna Expressway on September 7, 2025, and alleged that certain individuals within government are plotting to eliminate him.

Against the backdrop of the allegations, the party demanded the immediate removal of Gbajabiamila to allow what it described as a full and impartial investigation.

It also called on President Tinubu to establish an independent investigative panel to examine the alleged operations of the PFIPC, including its budgetary allocations, financial transactions, account openings and staff recruitment.

The NDC further urged investigators to probe the circumstances surrounding Tanimola’s death and the alleged assassination attempts on Adeyemi, while recommending that Adeyemi be granted witness protection.

The party also demanded that the Chief of Staff produce all official documents signed since assuming office for forensic examination.

In addition, it called for the questioning of officials of the Central Bank of Nigeria (CBN), the Office of the Accountant-General of the Federation, and the Office of the Head of the Civil Service of the Federation over their alleged roles in the matter.

The opposition party also urged the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigeria Police Force to commence what it described as a thorough investigation without fear or favour.

“The NDC will not accept the usual tactic of issuing a mere defensive press release from the Presidency as a deflective ploy. Nigerians deserve to know the truth through a transparent process that promotes fairness and justice,” the statement said.

The Presidency has previously maintained that the PFIPC is not a recognised government agency.

As of the time of filing this report, neither the Presidency nor Chief of Staff Femi Gbajabiamila had responded to the fresh allegations contained in the NDC statement.

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Again, Dangote Refinery Slashes Petrol Price

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The Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within one month, as the company signaled that Nigerians could expect further price moderation in the coming weeks.

The latest reduction of N50 per litre brings the cumulative decrease in the refinery’s ex-depot price of petrol to over N200 per litre since May 30, 2026, lowering the gantry price to N1,075 per litre.

Over the same period, the refinery has also reduced the ex-depot price of Automotive Gas Oil (AGO), commonly known as diesel, by N300 per litre, while Jet A1 aviation fuel has recorded a cumulative reduction of N520 per litre.

In a statement on Thursday, the refinery said the successive price cuts underscore its commitment to ensuring Nigerians benefit from favourable market developments through fair, responsible, and sustainable pricing of petroleum products.

The company noted that while it remains focused on transferring cost efficiencies to consumers, it is equally committed to maintaining the operational and financial sustainability of domestic refining.

Dangote Refinery explained that its pricing model is not tied directly to daily movements in international crude oil prices, stressing that crude oil is procured weeks or, in some cases, months before refining under commercial contracts linked primarily to monthly average pricing mechanisms rather than prevailing spot market prices.

According to the company, the petroleum products currently being supplied were refined from crude inventories acquired when international crude prices were significantly higher than present levels.

It disclosed that the average landed cost of crude processed by the refinery stood at approximately 124.80 US dollars per barrel in May and 95.25 US dollars per barrel in June, compared with the current international Brent benchmark of about 71.01 US dollars per barrel.

The refinery further clarified that its feedstock is not purchased at the headline Brent price widely reported in the media. Instead, crude is acquired on a Dated Brent basis, with additional market premiums, freight and logistics costs, resulting in actual landed costs that differ materially from benchmark quotations.

Despite these elevated feedstock costs, Dangote Refinery said it deliberately absorbed a substantial portion of the increase instead of transferring the full burden to consumers immediately.

It said the decision is aimed at supporting market stability, easing inflationary pressures, and shielding Nigerians from the sharp volatility witnessed in global energy markets.

“For this reason, prices of petroleum products in Nigeria are still lower than prices in neighbouring countries even after adjusting for taxes,” the company stated.

Dangote Refinery noted that Thursday’s N50 reduction in the ex-depot price of PMS represents the fourth downward adjustment within one month, bringing cumulative reductions to more than N200 per litre.

The company said its pricing decisions are anchored on actual production economics and inventory replacement costs rather than short-term fluctuations in the international oil market.

It expressed optimism that fuel prices would continue to moderate as lower-cost crude cargoes progressively replace higher-cost inventories in its production cycle, provided international market conditions remain favourable.

The refinery also highlighted the stabilising role of domestic refining in Nigeria’s energy sector, saying its production capacity is now sufficient to meet national demand, thereby strengthening energy security, reducing dependence on imported petroleum products, conserving foreign exchange, and providing greater price stability for consumers and businesses.

Reaffirming its long-term commitment, Dangote Petroleum Refinery said its objective remains to supply high-quality, internationally compliant petroleum products at competitive prices while strengthening Nigeria’s energy security, supporting economic growth, and ensuring the long-term sustainability of Africa’s largest refinery.

The company expressed appreciation to Nigerians for their continued confidence and support, pledging to remain committed to building a stable, efficient, and globally competitive downstream petroleum industry that serves the interests of consumers, businesses, and the nation as a whole.

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Attempted Coup: DSS Arraigns Five for Alleged Refusal to Reveal Timipre Sylva’s Hiding Place

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The Department of State Services (DSS) at the Federal High Court in Abuja, arraigned five associates of former Minister of Petroleum Resources, Timipre Sylva.

They are accused of concealing information regarding the whereabouts of their principal, who is alleged to be a financier of an aborted coup attempt against President Bola Tinubu.

Sylva, a former Governor of Bayelsa State, has been declared wanted by the Federal government, and his identified properties have been marked for forfeiture following his indictment as the sponsor and mastermind of the alleged coup plot.

The five associates are Reuben Ayuba, Musa Mohammed, Friday Paul, Paganengigha Anagaha, and Ayebaifife Suobite. They were arraigned on Wednesday before Justice Peter Lifu.

A two-count charge filed against them indicates that the accused became accessories after the fact of felony on April 28, 2026, by concealing the whereabouts of Timipre Sylva, who is classified as a fugitive. The alleged offense is contrary to Section 519 of the Criminal Code Act Law of the Federation of Nigeria, 2004.

Additionally, the DSS has accused them of conspiracy to commit a felony, specifically for concealing the whereabouts of Timipre Sylva, also a fugitive, in violation of Section 516 of the Criminal Code, LFN 2004.

All the accused persons pleaded not guilty to the charges when they were read to them.

DSS lawyer, Emmanuel Orubor, requested that the judge schedule a date for the DSS to commence their trial by calling witnesses to testify against the defendants.

In response, Sunusi Musa (SAN), who represented Reuben Ayuba and Paganengigha Anagaha (the 1st and 4th accused persons), filed a bail application for his clients on various grounds.

Similar applications were made by Ibrahim Imadegbelo, representing Musa Mohammed (the 2nd accused), I. G. Kelubia, standing for Friday Paul (the 3rd defendant), and E. C. Sogo, who argued for Ayebaifife Suobite (the 5th accused person).

The lawyers pointed out to Justice Lifu that their clients have been in custody since October 25, 2025, and urged the court to grant them bail on liberal terms.

In a brief ruling, Justice Lifu granted them bail in the sum of N5 million each, along with two sureties for each, in a similar amount. The sureties are required to swear to an affidavit of means, provide evidence of three years of tax payment, demonstrate visible means of livelihood, and submit recent passport photographs.

Justice Lifu ordered that the claims of identities of the sureties must be verified by the Registrar of the Court.

Pending the perfection of the bail conditions, the Judge ordered that the accused persons be remanded in Kuje Correctional Centre in Abuja and fixed July 22 for the commencement of trial.

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