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EFCC Case: Achimugu Reveals Source Of Wealth, Denies Sanwo-Olu Ties.

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Embattled businesswoman Aisha Achimugu has denied claims that her wealth is connected to Lagos State Governor Babajide Sanwo-Olu.....KINDLY READ THE FULL STORY HERE▶

Speaking during an interview on Channels Television, Achimugu said she comes from a respectable background and revealed that she started her business in 2001.

Naija News reports that the founder of Oceangate Engineering Oil & Gas Ltd previously made headlines after hosting a lavish seven-day 50th birthday celebration in Grenada, attended by top Nigerian entertainers and notable figures, including Governor Sanwo-Olu.

More than a year later, the Economic and Financial Crimes Commission (EFCC) declared her wanted over allegations of money laundering.

She was arrested on April 29, 2025, at the Nnamdi Azikiwe International Airport in Abuja, and in March 2026, a Federal High Court in Abuja ordered the final forfeiture of $13 million allegedly linked to her and her company.

Reacting to the allegations, Achimugu insisted the forfeited funds were not found in her residence. She said only $50,000 and ₦13 million belonging to her mother, along with her personal belongings, were discovered during the search.

She questioned the claim that $13 million was traced to her home, stressing that she is not a financial institution and would not keep such an amount in her house.

Explaining her source of wealth, she said her oil block belongs to Oceangate Engineering Oil & Gas Ltd and was acquired through a competitive and transparent bidding process.

On her relationship with Governor Sanwo-Olu, who attended her birthday celebration, Achimugu said she has always had access to influential people due to her success in business.

She clarified that the governor’s presence at her event was incidental, noting that he attended because he was in the same location at the time.

According to her, her interactions with prominent figures are a result of her professional network and business achievements, not political connections.

She added that she has been in business since 2001, describing her background as coming from a decent family. She also mentioned that her late husband was a former Managing Director of PPMCC, whom she met through business dealings with NNPC.

Achimugu firmly denied ever receiving financial support from Governor Sanwo-Olu or any of her associates.

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Tinubu Seeks House of Reps’ Approval for ₦269bn Promissory Notes to Settle Debts.

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The Federal Government has asked the National Assembly to approve the issuance of promissory notes worth ₦269.44 billion to settle outstanding debts owed to contractors and other creditors.....KINDLY READ THE FULL STORY HERE▶

President Bola Tinubu made the request in a letter conveyed by the Secretary to the Government of the Federation (SGF), Senator George Akume, and read during plenary at the House of Representatives in Abuja.

The President is seeking lawmakers’ approval to establish and expand the Promissory Note Programme to address the government’s outstanding financial obligations.

In the letter dated August 18, 2026, and received by the Speaker’s office on October 21, Akume disclosed that the total liabilities amounted to ₦269,446,402,822.56.

He explained that the debts, which include contract-related and project-related obligations, were identified and confirmed following a comprehensive review by the relevant ministries, departments and agencies.

According to the SGF, the programme would provide “a structured, transparent and fiscally responsible framework” for settling the liabilities, with only verified and validated claims considered for payment.

In addition to seeking approval for the issuance of the promissory notes, Tinubu asked lawmakers to authorise the inclusion of the identified categories of creditors and beneficiaries, subject to final verification and certification.

The President also requested approval for the Minister of Finance and Coordinating Minister of the Economy, the Debt Management Office and other relevant government agencies to oversee the implementation of the programme.

Akume said the initiative would prevent the outstanding debts from accumulating further interest, penalties and other charges.

He added that the arrangement would reduce the financial pressure on affected creditors and demonstrate the government’s commitment to fulfilling its legitimate obligations.

The SGF noted that the Promissory Note Programme had previously been used to address inherited domestic debts and contractual liabilities, following approval by the Federal Executive Council and the National Assembly.

He explained that the scheme would allow the government to settle the obligations in phases without placing excessive pressure on public finances, in accordance with sound debt management principles.

Akume urged the House of Representatives to consider the request urgently, citing the substantial value of the liabilities, the length of time some debts had remained unpaid and the risk of additional interest accruing.

He said timely approval would enable the government to commence issuing the promissory notes and facilitate the resolution of the outstanding obligations.

A detailed schedule containing the debts, beneficiaries, amounts involved and supporting documents was attached to the request for lawmakers’ consideration.

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Tinubu Approves 500,000 Solar Lights for South-East, Kalu Announces.

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President Bola Tinubu has approved the distribution of 500,000 solar-powered lights to rural households across the South-East, according to the Deputy Speaker of the House of Representatives, Benjamin Kalu.....KINDLY READ THE FULL STORY HERE▶

Kalu made the disclosure during the flag-off ceremony of the Renewed Hope Light-Up initiative in Bende Federal Constituency, Abia State, where 26 transformers, alongside 10,000 solar-powered lights and fans, were distributed to communities.

He said 42,000 households in the constituency had been selected to benefit from the programme, adding that the first batch of 10,000 solar-powered lights and fans was expected to arrive within two weeks.

According to the deputy speaker, the initiative commenced with a pilot scheme under which 1,000 units were provided to selected beneficiaries. He noted that representatives from the constituency’s wards had confirmed that the units were working properly.

Kalu explained that the programme was designed to extend the benefits of the Federal Government’s Renewed Hope Agenda to rural communities, particularly households struggling with unreliable electricity supply.

He described the planned distribution of solar-powered lights to 42,000 households in a single federal constituency as unprecedented, noting that the intervention would improve access to electricity in underserved communities.

Meanwhile, Emmanuel Ndubuisi, the lawmaker representing Bende South Constituency in the Abia State House of Assembly, welcomed the initiative.

Ndubuisi said some communities in the area had been without electricity for approximately two years following transformer failures, adding that the intervention would help address their power challenges.

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CAN Sounds Alarm Over Video Threats Against Christians, Urges DSS, Police To Act.

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The Christian Association of Nigeria (CAN) has called on security agencies to investigate a viral video allegedly showing a young man leading a group of boys in chants threatening attacks on Christians in Enugu and Jos during Sunday worship.....KINDLY READ THE FULL STORY HERE▶

CAN President, Archbishop Daniel Okoh, condemned the alleged incitement and urged the Department of State Services (DSS), the Nigeria Police Force and other security agencies to identify those involved and prosecute anyone found guilty.

In a statement, Okoh expressed particular concern over the apparent involvement of children and young people, warning that exposure to messages promoting religious hatred could have serious consequences.

“The possibility that young people are being exposed to or encouraged to embrace such hatred raises serious concerns that must not be ignored,” he said.

The association called on investigators to determine where and when the video was recorded, identify the individuals featured in it and establish whether any persons or groups organised, sponsored or facilitated the activity.

It also urged security agencies to assess the potential threats arising from the incident and ensure adequate protection for Christian communities and places of worship in Enugu, Jos and other parts of the country.

Although CAN acknowledged reports that the leadership of Jama’atu Izalatil Bid’ah Wa Iqamatis Sunnah (JIBWIS) had disowned the video, it maintained that the denial should not prevent an independent investigation.

“The denial of responsibility by any organisation cannot replace an independent investigation into the identities of those involved, the origin of the video and the circumstances surrounding the chants,” the association said.

CAN insisted that anyone found responsible for the alleged threats must be held accountable under the law, without favour or discrimination.

The association also appealed to religious leaders to reject teachings and activities that encourage hatred or violence against people of other faiths. It warned against exposing young Nigerians to messages that portray fellow citizens as enemies because of their religious beliefs.

According to CAN, failure to investigate the incident could embolden further religiously motivated threats and worsen existing tensions.

“Allowing such conduct to go unchallenged would send a dangerous message that threats against citizens on religious grounds can be made without consequence,” it said.

The association urged Christians to remain calm, vigilant and law-abiding while investigations are ongoing. It also cautioned against retaliatory actions that could put lives at risk and deepen religious divisions.

Reaffirming its commitment to religious freedom, justice and peaceful coexistence, CAN stressed that every Nigerian deserves equal protection under the law, irrespective of religious affiliation.

The association further called on the government to move beyond condemning the alleged incident and establish the facts, insisting that citizens’ safety and their freedom to worship must be protected.

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