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“Ikeja Court Seizes Responsible Leaders Hotel Over Alleged Forex Fraud”.
The Federal High Court in Lagos has ordered the temporary seizure of a multi-billion naira hotel linked to Edward Olutoke, Managing Director of the Ikeja Chamber of Commerce, Industry, and Agriculture, following allegations that the property was purchased with funds obtained through a fraudulent forex and investment scheme.....KINDLY READ THE FULL STORY HERE▶
According to a statement by the Economic and Financial Crimes Commission (EFCC), Justice A.O. Owoeye, sitting at the Federal High Court in Ikoyi, Lagos, on Wednesday, March 12, 2026, ruled that the Responsible Leaders Hotel, located at 1 Ostra Close, Jobi Fele Way, Alausa, Ikeja, be temporarily handed over to the government. The property is valued at approximately ₦1.3 billion.
The order followed an urgent application by the EFCC, presented by its lawyer, C.C. Okezie, who provided evidence suggesting the hotel was acquired through illicit means. The application was supported by an affidavit sworn by Obed Tanko, an EFCC investigator.
According to the EFCC, Olutoke allegedly convinced numerous Nigerians to invest billions of naira in a capital-guaranteed forex trading and investment scheme, promising secure funds and high returns.
“The suspect allegedly obtained billions of naira from unsuspecting investors under the guise of operating a capital-guaranteed forex trading and investment scheme,” the commission said.
Investigations revealed that neither Olutoke nor his company had the required legal permits to operate an investment business. Instead of trading the funds as promised, the EFCC claims the money was used to acquire expensive properties, including the Ikeja hotel.
During the hearing, Okezie argued that the hotel should be seized as it was reasonably suspected to have been purchased with proceeds from unlawful activities. After reviewing the evidence, Justice Owoeye agreed, ruling that the asset should be temporarily taken over while the case proceeds.
The judge also ordered the EFCC to publish the decision in a national newspaper, allowing anyone with a legal claim to the hotel to come forward and explain why the property should not ultimately be forfeited to the Federal Government of Nigeria.
entertainment
‘I Lock Myself In The Room And Cry’ – Funke Akindele Opens Up About Her Hidden Pain.
Nollywood actress and filmmaker Funke Akindele has opened up about the personal challenges she faces behind the scenes, revealing that she sometimes breaks down in tears despite her public image of bringing joy to others through her movies.....KINDLY READ THE FULL STORY HERE▶
The award-winning actress made this revelation during an interview with CNN journalist Larry Madowo, where she spoke candidly about her emotional struggles and the pressures that come with being a public figure.
Akindele disclosed that when things become overwhelming, she sometimes locks herself in her room to cry and release her emotions. However, she said she eventually gathers the strength to pick herself up and face life’s challenges.
The filmmaker also discussed the pressure of living in the public eye, particularly the scrutiny surrounding her marriages and relationship breakups.
She admitted that there are moments when she questions her decisions and worries about how people might judge her choices.
“I cry. I lock myself in the room, cry, break down, hit the bed. But I just pick up myself and come back to life. Sometimes I tell myself, ah, you’ve made a mistake again. How are people going to judge you?
“Do you care about that? Why don’t you just brace up, face it, face the challenges, move on in life? I’ve noticed over the years that it’s not all about the work. You need to take care of yourself. You need to love yourself. You need to have time for your family, your loved ones, because as the work would go, the family would be there,” she said.
Akindele further emphasised the importance of self-care, self-love and making time for family, noting that professional success should not come at the expense of personal well-being and relationships.
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Breaking: Senate Approves Tinubu’s Picks For Two Federal Commissions.
The Senate has confirmed Dr Salamatu Hussaini Suleiman as Chairman of the National Human Rights Commission (NHRC) and Dr Abdullahi Maikano Saidu as Executive Chairman of the Fiscal Responsibility Commission.....KINDLY READ THE FULL STORY HERE▶
Suleiman’s confirmation was approved alongside that of 10 other members of the NHRC, while Saidu was confirmed together with six other members representing Nigeria’s six geopolitical zones.
President Bola Tinubu nominated the appointees, Naija News reports.
The Senate’s approval clears the way for the nominees to assume their respective positions in the two federal commissions.
Meanwhile, President Tinubu has forwarded a bill to the Senate seeking to expand Nigeria’s legal framework for transferring convicted offenders to and from countries outside the Commonwealth.
The proposed legislation, known as the Transfer of Convicted Offenders (Enactment and Enforcement) Amendment Bill, 2026, was presented in a letter read by Senate President Godswill Akpabio during plenary on Tuesday.
The bill seeks to amend the Transfer of Convicted Offenders (Enactment and Enforcement) Act, Cap. T16, Laws of the Federation of Nigeria, 2004.
Under the proposed amendment, the President would be empowered to extend the provisions of the Act to any country with which Nigeria has entered into a prisoner-transfer agreement. Such an extension would be made through an order published in the Federal Gazette.
Tinubu explained that the amendment would provide the legal backing required to implement agreements reached between Nigeria and foreign governments on the transfer of convicted persons.
According to the President, the proposed law would establish a framework for enforcing such arrangements with countries outside the Commonwealth, giving the Federal Government greater flexibility in negotiating and implementing prisoner-transfer agreements.
Such agreements generally allow inmates to serve their sentences in another country under mutually agreed conditions while addressing the legal and administrative challenges associated with transferring prisoners across borders.
In his letter to the Senate, Tinubu urged lawmakers to give the bill urgent consideration.
“While it is my hope that the Senate will consider this submission expeditiously, please accept, Distinguished Senate President and Distinguished Senators, the assurances of my highest consideration,” he stated.
The bill was transmitted to the National Assembly pursuant to Section 58(2) of the 1999 Constitution, as amended. It must undergo the required legislative process before it can become law.
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‘Show Me One ₦10 Billion Project You Executed In Plateau’ – Yilwatda Challenges Atiku.
The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has challenged the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, to identify a major project worth ₦10 billion that he executed in Plateau State while serving in government.....KINDLY READ THE FULL STORY HERE▶
reports that Yilwatda issued the challenge on Wednesday during an event organised by the PBAT Door-to-Door Movement in Jos, the Plateau State capital, while soliciting support for President Bola Tinubu ahead of the 2027 general election.
The APC chairman claimed that the projects Atiku’s administration delivered to Plateau State during his eight-year tenure as vice president were limited to initiatives such as boreholes and the distribution of Keke Napep tricycles.
“Atiku was vice president for eight years. Show me one road or one thing that we had on the Plateau. Show me one ₦10 billion project on the Plateau within that period.
“The best we can have in those days is a borehole, or they bring ‘Keke Napep’ for us. Today, the president is bringing major projects on the Plateau,” Yilwatda said.
He highlighted a university and the Federal Medical Centre among projects he associated with Tinubu’s administration, arguing that the president had made efforts to address challenges in healthcare, education, infrastructure and security.
Yilwatda identified insecurity as the most pressing concern facing residents of Plateau State and credited Tinubu with taking steps to tackle the problem.
“If you ask any Plateau man, ‘What is your problem?’ The number one problem is insecurity, and Mr President has addressed it,” he stated.
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