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Alleged N33.8bn Fraud: I received more than N22bn from Federal Ministry of Power -BDC Operator

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The trial of former Minister of Power, Saleh Mamman continued on Wednesday, January 22, 2025 at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission, EFCC presenting its 8th witness, PW8.

The witness, PW8 Abdullahi Suleman, a bureau de change operator, narrated how more than N22 billion was allegedly siphoned from the Federal Ministry of Power while Mamman was Minister. He said the naira equivalent of the money was exchanged for United States dollars through his business accounts.

Mamman is being prosecuted by the EFCC on a 12-count charge bordering on conspiracy to commit money laundering to the tune of N33,804,830,503.73 (Thirty-three Billion, Eight Hundred and Four Million, Eight Hundred and Thirty Thousand, Five Hundred and Three Naira, Seventy-three Kobo).

At Wednesday’s proceedings, Suleiman, while being led in evidence by prosecution counsel, Rotimi Oyedepo, SAN narrated that about 12 of his business accounts received money from the Federal Ministry of Power without carrying out any service, contact or project. His companies; Prymint Investment Limited, Strong Field International Projects Limited, Mintedge Nigeria Limited, First Class Construction and Project, Silverline Ocean Ventures, Golden Bond Nigeria Limited, Sipikin Global Enterprise, Spinhiills Biz International limited, Fullest Utility Concepts Limited, Platinum Touch Enterprises, Breathable Investment Limited and a company owned by his brother named Gurupche Business Enterprises were used for the transactions.

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“I know Alhaji Maina Goje, we are in the same business, sometimes in 2019, Maina Goje met me that he has transaction that I should give him some of my account numbers, the first account I gave him was Fullest, he will send money and I will give him dollars, he started asking for more accounts, he will tell me what to do with the transactions, I will get the dollar and give him and sometimes I will do a transfer to other accounts. We have been working together since then till 2024. From my rough calculations, the amount I have received through the transactions will be more than 22 billion naira. Also Maina used to send someone called Musbhu anytime he was not available, he would send him and give me instructions on what to do with him, we do call him Yaro Minister because he is from Saleh Mamman”, he said.

Continuing, “ I also know Mr Mustapha Muhammed, Goje told me that he is his oga, I didn’t know him before until Maina Goje introduced him to me, then I learnt he works with Federal Ministry of Housing and instructed that anytime they can’t reach him, I should give him the amount of dollars he requested”

When shown Exhibit X series, which contained bank statements generated from his companies showing evidence of money inflows into his bank accounts with Strong Field international Projects Limited, Mintedge Nigeria Limited, Prymint Investment Limited, the witness admitted that they were the accounts he gave Maina Goje.

Among some of the notable transactions shown to him on the accounts were; N285,983,285 received on 24th May 2021, N278, 248.611 on 26th May 2021, , N320m on 1st January, 2021, 184m on 18 June, 2021, N178,300,285 on 14th July 2021, , N75,420, 000 on 5th August 2021, N75,120,000 on 1st December 2021, N68,150,620 and N70,650 on 15th December 2021, N90,247,395 on 12th Jan 2022, N64, 747,627 on 16 February 2022, among others and he agreed receiving them.

Earlier, a Compliance Officer from FCMB presented and tendered bank statements and attachments in a reply letter to the EFCC dated August 16, 2024 in respect of Prymint Investments Limited, Platinum Touch Enterprises, Royal Perimeter Ventures, Golden Bond Nigeria Limited, Flex Utility Concepts Limited, Bentech Nigeria Limited admitted and marked Exhibit XTUB.

The judge adjourned the matter to 23 January, 2024 for continuation of hearing.

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Nigeria’s Inflation Rate Climbs to 15.38% in March

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By Yusuf Danjuma Yunusa

The National Bureau of Statistics (NBS) has reported a rise in Nigeria’s headline inflation rate, which increased to 15.38% in March 2026, up from 15.06% recorded in February.

According to the NBS’s latest Consumer Price Index (CPI) report released on Wednesday, the 0.32 percentage point increase marks the second consecutive monthly rise in inflation this year. The March figure also represents a significant jump compared to the same period last year, underscoring persistent price pressures across key sectors.

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Analysts point to rising food and energy costs, coupled with lingering supply chain disruptions, as primary drivers of the uptick. The NBS noted that food inflation remained elevated due to higher prices of staple items such as bread, cereals, and vegetables, while core inflation excluding volatile agricultural produce and energy also edged upward.

The development puts additional pressure on households and businesses, and may influence the Central Bank of Nigeria’s monetary policy stance in the coming months.

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Atiku Confirms 2027 Will Be His Final Presidential Bid

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By Yusuf Danjuma Yunusa

Former Vice-President Atiku Abubakar has declared that the 2027 general election will be his last attempt to become Nigeria’s president.

The seasoned politician, who will turn 80 by the next election cycle, made the announcement during an interview on Arise News on Wednesday.

“Certainly yes, because the stakes are higher – I believe that will be my last outing. So that’s incontrovertible,” Atiku said when asked whether 2027 would mark his final run.

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Pressed on why Nigerians should still trust him after decades in politics, the presidential hopeful argued that his experience uniquely qualifies him to lead the country at a critical juncture.

“I represent both the past and the future simply because we have seen various levels of leadership in the country, both young and old, and we’re experiencing them,” he said.

Atiku also voiced concerns about the performance of younger leaders, suggesting they have not fully met expectations.

“I still believe that our expectations of the young leadership are below what we thought,” he added, stressing the need for mentorship and guidance from older, more experienced politicians.

According to Atiku, such guidance is most effective when exercised from a position of power. Reflecting on his time as vice-president, he noted: “Sometimes you need to be [in power]. What I was able to learn from President Olusegun Obasanjo through his experience, I couldn’t have learned it outside.”

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Kano Dep Governor’s seat: Concerned Elders make case for Kabiru Alhassan Rurum

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Kano South Concerned Elders Forum has appealed to Governor Abba Kabiru Yusuf to appoint Hon Kabiru Alhassan Rurum as the next Deputy Governor of the state.

According to them, his appointment would support the administration and correct the years of political lopsidedness in the leadership of the state.

Their appealed was sequel to the nomination of Rurum, alongside Engineer Rabiu Sulieman Bichi and Murtala Sule Garo by the legacy group of the state’s All Progressives Congress (APC) for the governors final selection for the vacant post.

In a statement signed on Wednesday by the Chairman of the Elders, Senator Masaud El- Jibril Doguwa, they affirmed that the nomination of Rirum , a former Speaker of the Kano State House of Assembly and a current member of the Nigeria’s House Representatives, represented a turning point in the political history of Kano -South.

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“For the first time in over 30 years, someone from the zone has come close to being nominated as the state Deputy Governor. All past efforts by other capable politicians from the zone to secure the post of the state governor has failed to materialize” they recalled.

The elders, which included Musa Salihu, Alhassan Kibya, Rabiu Bala, Yau Beza , Wai Ado and several others , lamented that the zone, which has 16 LGAs and is one of the largest Senatorial zones in Nigeria, has yearned for decades for an equitable representation at the highest levels of leadership in the state.

While appreciating the Governor for his strength of character, fairness, justice and sense of inclusiveness, they stressed that the choice of Rirum for the position would go a long way to strengthen the administration.

“He is a grass root politician, a team worker, and approachable with extensive network all over the state and beyond.. He shares the same values with the Governor on the delivery of democratic dividends to his constituency” they declared. End

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