Author: Staff Editor
Nigeria’s headline inflation rate dropped from 15.91 per cent in June to 15.43 per cent in July 2026, according to newly released data by the National Bureau of Statistics (NBS). In its Consumer Price Index (CPI) report released on Monday, the NBS noted that the July 2026 headline inflation rate “showed a decrease of 0.48 per cent compared to the June 2026 headline inflation rate.” “On a month-on-month basis, the headline inflation rate in July 2026 was 1.57 per cent, which was 0.09 percentage points lower than the rate recorded in June 2026 (1.66 per cent),” the bureau said. “This…
The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has commenced investigation into a suspect, Haruna Yusuf, and multiple undeclared foreign currencies comprising $73,000 (Seventy-Three Thousand United States Dollars), £15,957 (Fifteen Thousand, Nine Hundred and Fifty-Seven Pounds Sterling), and 827,800 Saudi Riyals, intercepted by the Nigeria Customs Service (NCS) at the Mallam Aminu Kano International Airport (MAKIA). The investigation commenced following the handover of the suspect and the undeclared currencies by the Acting Customs Area Comptroller of the Kano/Jigawa Command, Deputy Comptroller U. U. Adamu, at the Customs Area Command in Kano. The intercepted currencies, which exceeded…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has charged youths across the country to follow the path of integrity for a secure future. He gave the charge in Port Harcourt, Rivers State, on Tuesday, August 11, 2026, while addressing youths and teenagers at a conference organised by the Organization of African Instituted Churches (OAIC), Rivers State Chapter. The conference, held at the Port Harcourt Ecumenical Centre, focused on addressing social vices. Speaking through Deputy Superintendent of the EFCC (DSE), James Adayilo Hosea, on the topic, “Internet Fraud: Dangers, Consequences and Godly Alternative,” Olukoyede described…
A civil society organisation, Zero Tolerance for Social Immoralities Initiative (ZETSI) Africa, has commended the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, for his efforts and successes in the fight against corruption, economic and financial crimes in the country. The organisation gave the commendation on Wednesday, August 12, 2026, during an advocacy visit to the EFCC corporate headquarters in Abuja, where it presented a certificate of credence to the EFCC Chairman in recognition of his leadership role and achievements in advancing the Commission’s mandate. Speaking during the visit, the Chairman of ZETSI Africa, Ambassador Ibrahim…
The Economic and Financial Crimes Commission (EFCC) has commenced a four-week Basic Investigation and Enforcement Training for 102 newly recruited officers of the Code of Conduct Bureau (CCB). The Executive Chairman of the EFCC, Ola Olukoyede, speaking at the opening ceremony on Monday, August 10, 2026, at the EFCC Academy, Karu, Abuja, said the programme marked a significant milestone in the history of the two institutions. “The programme marks a significant milestone in the history of the two institutions. This is the first time the EFCC is hosting and training newly recruited staff of the Code of Conduct Bureau.” The…
The death of renowned legal scholar and advocate, Professor Alfred Bandele Kasunmu, SAN, has altered the hierarchy of seniority within Nigeria’s legal profession, with Chief Folake Solanke, SAN, emerging as the most senior living Senior Advocate of Nigeria. Kasunmu, who died at the age of 92, was, until his death, the most senior living Senior Advocate of Nigeria and, by virtue of that distinction, the statutory Vice-Chairman of the Body of Senior Advocates of Nigeria (BOSAN). According to a tribute by Chief Kemi Pinheiro, OFR, SAN, LLD, FCIArb., the position now falls to Solanke, herself one of the most distinguished…
There are men whose passing is announced by the tolling of bells. There are others whose departure creates a silence so profound that words themselves seem inadequate. Professor Alfred Bandele Kasunmu, SAN, belonged to the latter class. Prof. Kasunmu was, in every sense, a great man. He was a formidable and forensic advocate, a distinguished scholar, a former Attorney-General of Lagos State, and a Professor of Law at Obafemi Awolowo University and the University of Lagos, successively. Beyond these titles and accomplishments, he was a lawyer’s lawyer and, above all, a gentleman through and through. Indeed, at the time of…
The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Thursday, August 6, 2026, handed over the sum of ₦125,000,000.00 (One Hundred and Twenty-Five Million Naira) to the victim of an alleged land fraud, Akinsewa Akiode. The recovery of the funds, handed over in Sterling Bank drafts, followed a petition submitted by Akiode, who alleged that one Olufemi Omoola Fashehun defrauded him of ₦125,000,000.00 (One Hundred and Twenty-Five Million Naira) under the pretext of selling him a parcel of land measuring 550 square metres, located at No. 10, Kudirat Abiola Way, Oregun, Lagos State.…
Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International Nigeria have defended the Economic and Financial Crimes Commission’s (EFCC) decision to restrict the accounts of the Osun State Government, arguing that the protection of public funds should take precedence where there are credible concerns about their possible diversion or misuse. CISLAC said the controversy surrounding the restriction had overlooked a fundamental question: “Who protects the money of the people of Osun when alarm bells ring?” The organisation, through its Executive Director and Head of Transparency International Nigeria, Auwal Musa Rafsanjani, said public funds belonged to citizens and not to governors,…
The Economic and Financial Crimes Commission, EFCC, is compelled to publicly address issues pertaining to its preventive moves in freezing the bank account of the Osun State government, without prejudice to the imminent governorship election in the state. The Commission has been busy investigating the Osun state government since March, 2026, regarding alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of ₦11,000,000,000 (Eleven Billion Naira only). To this end, some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the…