
Politics
Illegal oil deals: FG to expose officials behind $69bn loot in US banks


The Federal Government says it has begun gathering evidence on government officials linked to the alleged looting of $69bn (N28.3tn) stashed in various bank accounts in Texas, the United States.
The loot reportedly accrued from illegal oil deals involving some officials of the government-owned Nigerian National Petroleum Corporation and the Central Bank of Nigeria during the Goodluck Jonathan administration.
The PUNCH on Friday exclusively reported that an American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, discovered the $69bn loot.
Findings showed that the American company, FAIR, is a specialist in anti-corruption asset recovery working independently to trace and help repatriate money stashed away in foreign bank accounts and loot converted to real estate, luxury items, yachts and the money markets.
The firm, founded by a lawyer, Gary Riebschlager, comprises investigators, forensic accountants, bankers, and cyber experts who utilise Mutual Legal Agreements and global Financial Intelligence Units, Camden Assets Recovery Inter-Agency Network, Global Focus Point Network in Asset Recovery (Interpol), and the Stolen Asset Recovery Initiative of the World Bank.
In a January 2019 confidential memo to the Special Presidential Investigation Panel, FAIR said it could help the Federal Government recover the money if hired and compensated for its services.
Out of the loot, $9bn was reportedly traced to a Texas bank account allegedly belonging to the late National Security Adviser, General Andrew Azazi.
Azazi died in a helicopter crash in Okoroba, Nembe Local Government Area of Bayelsa State in December 2012 alongside the Governor of Kaduna State, Patrick Yakowa, and others.
Two months after FAIR wrote the SPIP, the latter wrote a letter dated March 18, 2019 to the President, Major General Muhammadu Buhari (retd), on the matter, explaining FAIR’s proposal.
SPIP stated that FAIR assured that the $9bn allegedly stolen by Azazi could be recovered within three to five months.
The SPIP’s letter to the President, with reference number SPIP/SH/2019/VOL.1/1, was titled, ‘American assets investigation and recovery company has traced a definite $9bn funds linked to the late Gen Azazi.’
The letter was signed by a former SPIP Chairman, Okoi Obono-Obla.
It read in part, “In January 2019, an American assets recovery company, Forensic Assets Investigation and Recovery Services LLC, sent a confidential memo to us stating the discovery of a definite total amount of $9bn in the State of Texas linked to the late General Azazi (former NSA), plus an additional huge amount in excess of $60bn from multiple sources of illegal sales of crude oil from Nigeria into the entire United States of America.
“Mr President, the confidential memo to us prompted our agency to seriously engage the US company to determine the veracity of the information, which resulted in an official invitation to them that they may visit us to further discuss and agree on steps needed to recover and return the funds to the Nigerian government.”
“Follow-up information from the Americans indicate that the definite $9bn can be recovered and returned to Nigeria within 3 to 5 months, if engaged and expense fee is provided, while compensation and charges shall be paid upon recovery. They also informed us that the major funds were stolen via the NNPC and the Central Bank of Nigeria,” the letter to the President further stated.
Following the overwhelming evidence provided by the assets recovery company regarding the $9bn and their capacity to recover and return the fund, the SPIP explained that it decided to engage the American forensic experts on a face-to-face meeting scheduled for March 29, 2019.
The panel also attached a copy of the firm’s acceptance letter to its memo to the President and sought Buhari’s approval for the planned meeting with the American company.
The memo noted, “Mr President, we intend to work together with the Americans in order to secure the recovery of the definite $9bn within 3-5 months they stated and to engage them to see and recover the larger part of the estimated $60bn-$80bn stolen from Nigeria during the oil boom. Also, to engage the NNPC and the CBN in the overall recovery of those funds in the United States.
“Our prayers to the President are: To approve the engagement of the American company to recover the funds and assets in the US and to approve the support of the visiting American firm to integrate software technology in the CBN in order to trace fraud funds.
“To approve the presence of interface offices of the Special Presidential Investigation Panel in NNPC and the CBN. Your Excellency, the immediate recovery of the identified $9bn within the stated timeframe of 3-5 months will totally eliminate borrowing to fund the 2018 budget deficit and sustain the 2019 budget.”
However, two years after the SPIP notified the President of the loot, the Federal Government was said to have not taken concrete steps to recover the money.
Also, Obono-Obla had yet to conclude the recovery process when he was removed from the panel by the President and replaced by the Solicitor-General of the Federation and Permanent Secretary, Federal Ministry of Justice, Dayo Apata.
Over 400 criminal and graft cases retrieved from the SPIP by the office of the Attorney-General and Minister of Justice were also found to have been abandoned.
However, the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), on Friday told one of our correspondents that the Federal Government had swung into action with the aim of getting adequate information on the $69bn loot allegedly hidden in American banks in Texas as well as the government officials involved.
The AGF also said the relevant bank details would be traced.
Malami’s Special Assistant on Media and Public Relations, Dr Umar Gwandu, who spoke on behalf of the minister, said the government was at the information-gathering stage and would work on verifiable information.
Gwandu said, “The government has swung into action to generate adequate information on the alleged $69bn, inclusive of the Nigerians involved, incidental bank details, and actionable intelligence to enable us to deal with the matter.
“The details of the alleged lawyers involved and what information is at their disposal can also be very helpful.
“The office of the Attorney General of the Federation works on cogent and verifiable information, not on media sensations or on speculations.”
Gwandu said the Buhari regime had the track record of repatriating stolen funds stashed in foreign accounts, saying it was one of the “visible and indelible” successes recorded by the regime.
He said, “The Office of the Attorney General has established a historical record of acting on cogent and verifiable information that has led to the recoveries of looted assets upon valid revelations that are subjected to integrity test by the assets recovery units of the office of the Attorney General of the Federation.
“The integrity test of information is not media-based but a process being conducted through the laid-down official process in compliance with the extant laws.
“One of the prime and uncompromising policies of the present administration under the leadership of President Muhammadu Buhari is the fight against corruption.”
We have nothing to say now–NNPC
Meanwhile, the Group General Manager, Group Public Affairs Department, NNPC, Kennie Obateru, told one of our correspondents that the corporation had nothing to say about the allegations.
“You know the way NNPC is run, particularly on issues like this. We don’t have anything to say about it,” he stated.
However, some officials of the NNPC who spoke on condition of anonymity, expressed doubt over the authenticity of FAIR’s findings.
“What is the entire budget of the country for a company to come up with an allegation that $69bn from illegal oil deals by NNPC was traced to American accounts?” asked an official, who requested not to be named due to the nature of the matter.
The official added, “Because somebody made an allegation does not mean that it has become a fact. Proper investigations should be done.”
Besides, as of the time of filing this report, efforts to get the reactions of the CBN, Ministry of Finance, Budget, and National Planning had yet to yield positive results.
SERAP, CACOL, SAN, lawyers call for thorough probe
However, civil rights organisations, including the Socio-Economic Rights and Accountability Project and the Coalition Against Corrupt Leaders, have called on the Federal Government to conduct a thorough probe of the alleged $69bn loot in Texas banks.
The Executive Director of SERAP, Adetokunbo Mumuni, in an interview with Sunday PUNCH, said there were certain international procedures that Nigeria could follow to recover the looted funds, adding that the money was needed in the country.
He said, “The Nigerian authorities should investigate how the money got to the said accounts and hold whoever is/are responsible for it accountable so that the money does not get finally lost.”
Also, the Executive Director, CACOL, Debo Adeniran, said no stone should be left unturned in ensuring that the loot was repatriated back to the country.
“All of us should be vigilant, the media and the anti-corruption agencies, to ensure that no stone is left unturned on this matter,” he said.
Adeniran argued that the fraud happened in the first place because institutions such as the Ministry of Petroleum Resources, Office of the Accountant General, and anti-corruption agencies did not perform their duties of monitoring the receipts and expenditures of oil revenue.
He said, “There are international protocols which the Attorney General ought to have commenced but has been reluctant to do.
“The Auditor-General, Accountant General, and the minister under who it happened must answer questions.”
Also, a human rights lawyer and former General Secretary of the Committee for the Defence of Human Rights, Malachy Ugwumadu, said it was the responsibility of the government to recover stolen funds.
He said, “The government should try to avoid the pit-holes that we have all been encountering in the efforts to recover stolen funds in the past.
“Some of those pit-holes include the lengthy period of time that it takes to recover them.
“Take a look at the (Sani) Abacha loot, do you remember when Abacha ruled Nigeria?”
The lawyer advised that the issue should be tackled at the level of diplomatic engagement so that the loot would be “almost automatically” repatriated.
Meanwhile, the Convener, Coalition in Defence of Nigerian Democracy and Constitution, Dare Ariyo-Akintoye, tackled the Buhari regime, saying it had no good reputation in dealing with foreign loot recovery firms.
He said, “Ordinarily, the Buhari administration is incapable of such recoveries, but if it can swallow its pride and seek the help of global assets recovery firms, it has a chance.”
Also, a Senior Advocate of Nigeria, Mike Ozekhome, urged the government to recover the loot and use it for the benefit of Nigeria in a transparent and accountable way.
“The government should go ahead and recover the funds. It’s Nigeria’s money and it should be recovered and used for the Nigerian people. And there must be transparency and accountability in the use of the money.
“What projects is the money being used for? How is it being used? Where will it be kept first when it comes? How much is it? There must be transparency and accountability about it,” he said.
Meanwhile, when asked if the Economic and Financial Crimes Commission would investigate the graft case, the commission’s spokesperson, Wilson Uwujaren, simply said the agency doesn’t give advance notice of its investigations.
He also declined to speak further.
The Independent Corrupt Practices and Other Related Offences Commission spokesperson, Mrs Azuka Ogugua, could not be reached for comment on Saturday.
Politics
Ebonyi Guber: ‘Our People Deserve Better Government,’ Odii Insists

By Petrus Obi, London
London — The Peoples Democratic Party (PDP) governorship aspirant in Ebonyi State, Ifeanyi Odii, has intensified his criticism of the administration of Governor Francis Nwifuru, insisting that the people of the state deserve a different approach to governance.
Odii, who spoke with EverydayNewsngr.net in London, said what he described as the “fire brigade approach” of the Nwifuru administration was not the kind of governance Ebonyi needs.
According to him, the state requires a government with a clear vision, long-term planning and the capacity to deliver meaningful development to its people.
“The fire brigade approach of the Nwifuru government is not what the state needs,” Odii said.
He added: “I am coming to bring a new lease of life to my people.”
Odii’s comments come amid renewed political debate in Ebonyi State following the recent removal of the state Commissioner for Works. The development has attracted attention from opposition circles, with critics using it to question aspects of the administration’s handling of governance and infrastructure.
The PDP chieftain said the people of Ebonyi should expect more than what he described as reactive governance, arguing that development should be driven by a coherent programme capable of producing lasting results.
He maintained that his political ambition was motivated by a desire to provide what he described as purposeful leadership and improve the welfare of residents across the state.
“We deserve better government in Ebonyi State,” Odii said, stressing that his vision was centred on giving the people renewed confidence in government and creating opportunities for them to prosper.
As political activities ahead of the next governorship election continue to gather momentum, governance, infrastructure, accountability and the delivery of public services are expected to feature prominently in the emerging contest.
Odii’s intervention in London is likely to add further momentum to the political conversation, particularly as opposition figures seek to distinguish their vision for Ebonyi from that of the incumbent administration.
Politics
EBONYI 2027: The People, Not Individuals Will Decide Who Becomes Governor – Igwe

STATEMENT BY CHIEF EMMANUEL CHIDI IGWE,
SPOKESPERSON TO CHIEF DR. IFEANYI CHUKWUMA ODII
The 2027 governorship election in Ebonyi State is not a family affair, nor is it a matter to be decided by one individual or political godfather. It is a democratic contest, and Ebonyians will ultimately decide who becomes their governor through the ballot box.
No aspirant should be expected to step down simply because another politician believes he should. Every qualified candidate has the right to contest, present his programme and seek the mandate of the people.
Let me make this clear: since Senator Dave Umahi did not bring Chief Dr. Ifeanyi Chukwuma Odii into the governorship race, he cannot now claim the authority to ask him to step down. Chief Odii has his own political identity, supporters, convictions and legitimate right to seek the mandate of Ebonyians.
The decision to contest or withdraw belongs to the candidate, while the ultimate decision on who governs Ebonyi State belongs to the people.
The 2027 election should therefore be about issues, programmes, records, accountability and the future of Ebonyi—not political arrangements made by individuals behind closed doors.
Chief Dr. Ifeanyi Chukwuma Odii is prepared to place his vision and programme before Ebonyians and subject them to public scrutiny. Those seeking to retain power should equally be prepared to defend their records before the electorate.
Ebonyi 2027 is not a family arrangement. It is a contest for the confidence of the people. The people of Ebonyi State—not individuals—will have the final say.
Chief Emmanuel Chidi Igwe
Spokesperson to Chief Dr. Ifeanyi Chukwuma Odii
Politics
BREAKING: SaharaReporters Report on Arrest of Enugu Traditional Ruler, Ex-Lawmaker Is False and Misleading

The recent publication by SaharaReporters alleging that prominent Enugu traditional ruler, Igwe Obiora Igwesi, his brother and former federal lawmaker, Hon. Uchenna Sunday A. Igwesi (USA Igwesi), and eight others were arrested over an alleged attack on an NDC ward meeting in Obuoffia, Nkanu West Local Government Area, is false and deeply misleading.
The report is being described as a deliberate attempt to damage the reputation of respected leaders in Enugu State and create unnecessary political tension ahead of the 2027 elections.
Contrary to the claims contained in the publication, there was no arrest ordered by the Inspector-General of Police against Igwe Obiora Igwesi, Hon. USA Igwesi, or the other individuals named in connection with any alleged attack on an NDC meeting. There was also no operation by detectives from Zone 13 Command, Ukpo, Dunukofia, Anambra State, as alleged in the report.
Similarly, the purported petition dated September 15, 2026, and the allegations of conspiracy, unlawful possession of firearms, attempted murder, assault, threatening violence and stealing are strongly disputed and described as fabricated claims intended to create a damaging narrative around the individuals concerned.
The broader allegation that the 17 Local Government Areas of Enugu State have experienced coordinated armed attacks allegedly sponsored by Local Government Chairmen to silence the opposition is equally rejected as unfounded.
Attempts to associate Igwe Obiora Igwesi and Hon. USA Igwesi with criminal activity or political violence are viewed as an unacceptable effort to tarnish the image of individuals who have served their communities and contributed to the development of Enugu State.
The public, particularly the people of Enugu State, is therefore urged to exercise caution and verify the facts independently before accepting or circulating the allegations contained in the SaharaReporters publication.
Enugu State remains focused on peace, stability and development. Political disagreements should not be allowed to degenerate into the circulation of unverified allegations capable of inflaming tensions or damaging the reputations of individuals.
The position being maintained by the affected parties is clear: there was no arrest of the named individuals in connection with the alleged incident, no evidence has been presented establishing that any Local Government Chairman sponsored an attack, and the allegations contained in the publication are disputed in their entirety.
The public is encouraged to await verifiable facts from the appropriate authorities rather than rely on claims that have not been independently substantiated.
Politics
PDP Enugu Ticket: Did Nnaji’s Running Mate Violate Electoral Act?

Fresh legal questions emerge over Chijioke Ugwu’s membership registration after Supreme Court restores party-register provisions
By Our Correspondent
Fresh legal questions have emerged over the Peoples Democratic Party’s 2027 governorship ticket in Enugu State following the Supreme Court’s restoration of key provisions of the Electoral Act dealing with political party membership registers and the conduct of primaries.
The questions centre on Chief Chijioke Peter Ugwu, who was recently announced by the PDP governorship candidate, Chief Uche Geoffrey Nnaji, as his running mate.
Nnaji announced Ugwu’s selection on September 24, shortly after the Supreme Court delivered its landmark judgment restoring Sections 77(5), 77(6), 77(7) and 84(2) of the Electoral Act 2026. Ugwu’s selection was subsequently reported by several Nigerian media outlets.
But documents and information available to this newspaper raise a question that could potentially become significant if the PDP ticket is challenged in court.
The PDP governorship primary in Enugu State was conducted on May 25, 2026.
However, Ugwu is understood to have registered as a PDP member on May 31, 2026 — six days after the governorship primary.
This means that if the May 31 registration date is accurately reflected in the party’s official records, his name could not have appeared in the PDP membership register submitted to the Independent National Electoral Commission (INEC) before the May 25 governorship primary.
That immediately raises the question:
Can a person who was not a member of the party on the date of its governorship primary subsequently be selected as the deputy governorship candidate without the Supreme Court’s restored membership-register provisions affecting the ticket?
What the Supreme Court restored
The Supreme Court, in a unanimous judgment delivered on September 24, set aside the Court of Appeal’s earlier decision which had declared the disputed provisions of the Electoral Act unconstitutional.
The apex court upheld the validity of Sections 77(5), 77(6), 77(7) and 84(2), following an appeal by INEC against the Court of Appeal judgment in the case involving the Zenith Labour Party.
Section 77(5) provides that only persons whose names are contained in a political party’s membership register submitted to INEC at least 21 days before a primary, congress or convention may participate in the exercise.
Section 77(6) requires political parties to use the membership register submitted to INEC for their primaries, congresses and conventions.
Section 77(7) deals with the consequence of failure by a party to submit its membership register within the prescribed period.
These provisions are now back in force following the Supreme Court judgment. Legal opinions suggest that the law’s insistence on the membership register submitted to INEC is relevant to the validity of the party’s eventual nomination process, depending on how the PDP formally nominated and submitted its governorship and deputy governorship candidates.
The precise documents will therefore be crucial.
Among the questions likely to arise are:
What date did the PDP submit its membership register to INEC?
Was Ugwu’s name contained in that register?
When exactly did Ugwu become a registered PDP member?
Was he a PDP member before the register was submitted to INEC?
How did the PDP formally nominate him as running mate?
Was the nomination made through a procedure recognised by the Electoral Act and the party’s constitution?
The controversy is coming at a sensitive time for the PDP, which has only recently unveiled Ugwu as Nnaji’s running mate. Ugwu, from Nguru in Nsukka Local Government Area, is an entrepreneur, philanthropist and community leader who runs businesses in logistics, contracting, consultancy and hospitality.
However, the governorship candidate and the deputy governorship candidate constitute a single electoral ticket. Therefore, any legal or constitutional issue affecting the eligibility of the deputy governorship candidate automatically has implications for the validity of the joint ticket, including the governorship candidate.
Another legal opinion available to this newspaper insists that “the gubernatorial ticket is a joint one. If the name of a deputy governor is not on the digital register, it invalidates the entire process.”
In the 2019 Bayelsa governorship election, APC’s David Lyon was declared winner. His running mate was Biobarakuma Degi-Eremienyo.
The Supreme Court later disqualified Degi-Eremienyo over the documents he submitted to INEC. The crucial point was that the Supreme Court held that his disqualification affected the joint ticket he shared with David Lyon. Consequently, the court ordered INEC to withdraw the Certificate of Return issued to Lyon and his deputy.
This happened one day before Lyon was due to be sworn in as governor. The certificate was subsequently issued to Douye Diri of the PDP, who had the next-highest lawful votes and the required geographical spread.
Politics
INEC Announces PVC Collection as Onwuegbu Supporters Mobilise Constituents

The Independent National Electoral Commission (INEC) has announced that the collection of Permanent Voter Cards (PVCs) will commence nationwide on October 9.
The development has prompted calls for eligible voters to visit the INEC office in their respective Local Government Areas to collect their PVCs and ensure they are prepared to participate in the electoral process.
Meanwhile, supporters of Hon. Engr. Anayo Onwuegbu, Omeiheukwu Akpugoeze, have urged constituents in the Aninri/Awgu/Oji River Federal Constituency to support his bid for a second term in the Federal House of Representatives.
The supporters made the appeal while encouraging eligible residents to collect their PVCs and exercise their franchise in the forthcoming election.
Voters are advised to follow official INEC guidelines and verify the applicable collection procedures and dates before visiting their designated collection centres.
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