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“EFCC Probes Sanwo-Olu, Others Over Alleged $13M Deal”.
The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the Lagos State Government under Governor Babajide Sanwo-Olu over an alleged $13 million connected to businesswoman Aisha Achimugu.....KINDLY READ THE FULL STORY HERE▶
Sources familiar with the case revealed that the probe began after investigators traced part of the funds to contractors handling projects for the Lagos State Government. Details of the transactions are reportedly contained in court documents, although the identities of the contractors and any possible involvement of government officials have not been made public.
A source noted that some information is being withheld to avoid compromising ongoing investigations.
Meanwhile, the Federal High Court in Abuja on Wednesday ordered the permanent forfeiture of the $13 million to the Federal Government, citing its unlawful origin. The ruling followed proceedings initiated by the EFCC after investigating Achimugu, her companies, and associates.
Details Of The Transactions
According to EFCC filings, the funds were raised between March and April 2025 as part payment for oil block acquisitions by Oceangate Engineering Limited, a company linked to Achimugu. The firm had earlier secured two oil blocks in 2024 and was required to pay $37.2 million as signature bonuses.
Investigations showed that $20 million had already been paid to the Federal Government within that period, while the remaining $13 million was transferred in multiple instalments from the company’s Zenith Bank account.
The EFCC alleged that part of the funds originated from payments made by the Lagos State Government to contractors, which were later funneled through intermediaries and unlicensed Bureau de Change operators before being converted into dollars.
One agent, identified as Suleiman Muhammed Chiroma, was said to have received the funds in cash through associates in Abuja and Lagos. Another individual, Dantani Abubakar Hassan, allegedly used his company, Ashrab Energy and Oil Services Limited, to receive over N855 million from contractors linked to Lagos State projects before the money was converted to foreign currency.
However, Oceangate Engineering denied any wrongdoing, insisting that all transactions were legitimate. In a sworn affidavit, one of its directors, Iliya Wakil, stated that Chiroma is a licensed Bureau de Change operator engaged to source foreign exchange for the oil block payments.
Delivering judgment, Justice Emeka Nwite ruled that the company failed to convincingly prove that the funds were derived from lawful business activities, leading to the forfeiture order.
Guillermo Hoyos has said his long-standing friendship with Lionel Messi will not influence his decisions after being named head coach of Inter Miami CF.....KINDLY READ THE FULL STORY HERE▶
Hoyos was unveiled on Wednesday, less than 24 hours after the club confirmed the departure of Javier Mascherano due to personal reasons. Mascherano had led Inter Miami to their first MLS Cup title just four months earlier.
The Argentine coach previously served as the club’s sporting director and shares a relationship with Messi that dates back over 20 years, beginning at FC Barcelona’s youth academy.
However, speaking at his first press conference, Hoyos stressed that personal ties would not affect his professional duties.
He said their friendship is “non-negotiable,” but added that it would not translate into special treatment or constant oversight on the pitch.
While the club initially described him as an interim coach for upcoming matches, later updates referred to him as head coach, suggesting a more formal role.
Hoyos is expected to remain in charge until mid-year, before a new technical structure is introduced ahead of the Leagues Cup in August.
Inter Miami CF currently sit third in the MLS Eastern Conference after seven matches, keeping them in strong early-season form.
Messi, captain of Argentina’s World Cup-winning side, remains central to the club’s ambitions as they continue their push for more silverware under new leadership.
FIFA has announced plans to introduce a halftime show during the 2026 World Cup final, marking the first time entertainment of this kind will feature in the tournament’s history.....KINDLY READ THE FULL STORY HERE▶
Peoples Democratic Party (PDP) chieftain, Segun Showunmi, has said former Vice President Atiku Abubakar is well positioned to clinch the African Democratic Congress (ADC) presidential ticket ahead of the 2027 elections.....KINDLY READ THE FULL STORY HERE▶
In a post on social media, Showunmi said Atiku’s political strength and preparedness give him an advantage in the emerging contest, while noting that former Transport Minister Rotimi Amaechi could emerge as his strongest rival.
He also observed growing political dissatisfaction across parts of the country, particularly in the North, saying both rural and urban voters are increasingly aggrieved.
According to him, these sentiments could significantly influence the outcome of the 2027 general elections.
Showunmi warned political actors against neglecting loyal supporters, noting that shifting alliances could reshape the political landscape ahead of the polls.
He further described Atiku as fully committed and actively preparing for the race.
Highlighting key regions to watch, he said the South-East may play a decisive role, while the South-West remains unpredictable, and the North-Central could serve as a critical swing zone in the election.
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