News
EFCC grills Emefiele over alleged $15b foreign debts, new currency

The Economic and Financial Crimes Commission (EFCC) yesterday began a full-scale probe of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, with alleged $15 billion foreign debts topping the investigation.
Emefiele will also account for how the apex bank spent N74.84 billion to produce and roll out currencies, including new naira notes.
The allegations are in addition to alleged fraud uncovered by the Special Investigator, Jim Obazee, who is looking into the activities of the CBN.
Obazee, whose committee is collaborating with the Federal Bureau of Investigation of the Nigeria Police, has also submitted an interim report on the CBN to President Bola Ahmed Tinubu.
It was learnt yesterday that the ex-CBN governor was transferred from the Department of State Services (DSS) to the EFCC because the fresh investigation is not covered by the mandate of the security agency.
The DSS does not have the core competence to investigate the weighty allegations of financial crimes against Emefiele, a highly placed source said yesterday.
There were fears that if the DSS continues with the investigation, the ex-CBN governor might win in court on technical grounds.
The source said only the EFCC can put Emefiele on trial, not the DSS, based on the findings made so far.
Emefiele was transferred (technically released) to EFCC on Thursday afternoon to allow for in-depth investigation and trial.
The swap was kept under wraps in order to avoid what the source described as a “distraction.”
Having appraised the allegations against Emefiele and the interim report on the ongoing probe of the CBN, the Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN) sent an advisory to the President that the EFCC is the right agency to probe Emefiele, it was learnt.
“As a man of due process, the President approved the advisory of the AGF. It was on this basis that the DSS handed over Emefiele to the EFCC on Thursday,” The Nation learnt yesterday.
About two to three weeks ago, the Special Investigator on CBN activities, Jim Obazee, submitted an interim report to the President with a lot of findings requiring in-depth investigation. This was another reason the AGF was very strong in his opinion that the EFCC should manage the ongoing probe.
“The truth is that such an investigation is not within the mandate of the DSS. Or else, if Emefiele is put on trial by the DSS, he will win on technical grounds,” the highly placed source said.
At press time, it was confirmed that a panel of EFCC operatives had started grilling Emefiele on the allegations against him, including the following:
•Alleged foreign debts of $15 billion
•Spending of N74. 84 billion on Naira redesign, production and roll out of currencies
•Alleged fraud in Anchor Borrowers Scheme
•Suspicious audit of CBN accounts
•Acquisition of bank, Fintech licences by some top officials of CBN
•Award of suspicious billions of Naira contracts
Another source in EFCC added: “Emefiele is in our custody and he is already responding to issues or allegations raised for him from a team under the supervision of the Director of Operation, Abdulkarim Chukkol.
“As a commission, we won’t talk on his case in order not to compromise ongoing investigation.”
The Head of Media and Publicity of EFCC, Mr. Dele Oyewale, was yet to pick his call at press time.
News
Two Nabbed Over Hostel Robbery, 11 iPhones, Others Recovered
Police operatives in Ogun have recovered 11 assorted iPhones,, laptop computer and other items from two members of a robbery gang arrested shortly after their operation at a student hostel in the Eruku/Agbon area of Ewekoro of the state.
The gang of robbers also forced one of the victims to transfer N200,000 to an account during the robbery operation. Ogun Police command’s spokesperson, DSP Oluseyi Babaseyi, said in a statement on Wednesday in Abeokuta.
The Ogun Police Command spokesperson said the suspects were arrested following a distress call from an anonymous caller at about 2:40 a.m. on Sept. 13.
According to him, the caller alerted the police to an armed gang robbing students at a hostel in the area.
According to him, operatives of the Ewekoro Division, led by the Divisional Police Officer, promptly responded to the distress call.
”On sighting the police operatives, the suspects abandoned their loot in a school bag and attempted to flee.
”However, the team pursued and successfully apprehended two suspects,” he said.
Babaseyi said a search of the abandoned school bag led to the recovery of 11 assorted iPhones, an HP laptop and various items of clothing.
He added that some victims had identified the recovered property as belonging to them.
“Preliminary investigation revealed that the gang allegedly forced one of the victims to transfer N200,000 to an account during the robbery,” he said
He also said that detectives had visited the crime scene, documented the forced entry and secured the recovered exhibits.
He further said that the suspects and the recovered property had been transferred to the State Criminal Investigation Department (SCID), Eleweran, Abeokuta, for discreet investigation and prosecution.
According to him, efforts are ongoing to arrest other fleeing members of the gang and locate the owner of the beneficiary account.
He quoted the state Commissioner of Police, Bode Ojajuni, as commending the Ewekoro operatives for their vigilance and prompt response.
Ojajuni reaffirmed the command’s commitment to protecting students and residents across the state from criminal elements.
He urged operators of off-campus student hostels and landlords to maintain emergency contact numbers and promptly report security threats or suspicious activities.
“Residents are advised to use the Gateway Shield toll-free line, 0800 000 9111, or 09164859299 and 09154293464 to report emergencies,” he said.
News
Police Officers Killed As Herders Attack DPO’s Convoy
Two officers have been killed after suspected armed herders ambushed the convoy of the divisional police officer (DPO) in Ayilamo, Logo LGA of Benue state.
Aondongu, spokesperson for the Benue state police command, confirmed the incident on Wednesday, report said.
The DPO, who reportedly travelled to Makurdi on official duty, was returning to Ayilamo on Monday when armed assailants ambushed his entourage.
The victims were said to have been among the newly deployed mobile police officers in the area.
Last Thursday, four police officers and seven civilians were killed when bandits attacked the community.
Aondongu said “suspected armed bandits in large numbers” invaded and attacked the community before killing the victims.
The police spokesperson said police operatives comprising the PMF unit, tactical team and conventional police officers deployed to the area responded and engaged the attackers in a firefight that lasted seven hours.
“The operatives stood firm in defence of the community and successfully repelled the attack, forcing the criminal elements to retreat into the surrounding forest with heavy casualties in the early hours of 11th September 2026,” Aondongu said.
News
INEC To Nigerians: 2027 Election Outcome Will Reflect Your Will
The Independent National Electoral Commission (INEC) has reaffirmed its commitment to conducting a transparent, credible, inclusive and peaceful 2027 general election, assuring Nigerians that the outcome of the polls will reflect the sovereign will of the electorate.
The assurance was given by the Acting Chairman of INEC, Prof. Rhoda Gumus, on Tuesday while receiving the African Union (AU) Pre-Election Needs Assessment Mission on behalf of the Commission at its headquarters in Abuja.
The AU delegation, led by former Deputy Prime Minister and Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia, Demeke Mekonnen, is in Nigeria to assess the country’s overall electoral preparedness and identify areas requiring further support and intervention.
Welcoming the delegation, Gumus described the mission as an important opportunity for peer assessment, institutional learning and strengthening of Nigeria’s electoral processes at a critical period in the country’s democratic journey.
She said INEC valued its partnership with the AU in advancing democratic standards and credible electoral governance across the continent.
According to her, the mission should not be viewed as a formality but as an important mechanism for strengthening institutional resilience and reinforcing public confidence in the electoral process.
Gumus highlighted the scale of preparations already underway for the 2027 general election, saying INEC was undertaking extensive operational, technological and logistical preparations to ensure effective participation by all eligible Nigerians.
She added that lessons from recent off-cycle elections in Anambra, the Federal Capital Territory, Ekiti and Osun states continued to provide valuable learning opportunities for the Commission.
The Acting Chairman also outlined areas where technical and institutional support from the AU would be valuable.
They include digital training for ad hoc election personnel, countering election-related disinformation and deepfakes, strengthening the Election Monitoring and Support Centre, as well as deepening inclusivity and gender-mainstreaming frameworks.
She emphasised that electoral integrity remained a collective responsibility involving electoral institutions, political parties, civil society organisations, security agencies, the media, development partners and the electorate.
Gumus also reaffirmed the independence and neutrality of the Commission, saying it remained committed to conducting the 2027 election professionally.
She assured that under the current Commission led by Prof. Joash Amupitan, SAN, every administrative decision would strictly follow the law, while technical deployments would be designed to promote transparency.
She said the final outcome of the 2027 general election would reflect the sovereign will of the Nigerian electorate.
Speaking on the purpose of the visit, Mekonnen said the AU mission was designed as a supportive and consultative engagement aimed at assessing activities already underway, identifying gaps and risks, and exploring possible areas of technical assistance.
He said the mission would engage INEC and other key stakeholders to assess preparedness in voter registration and register integrity, electoral technology, logistics, funding, inclusion, transparency, dispute resolution, security coordination and results management.
Mekonnen underscored the continued partnership between Nigeria and the African Union in promoting democratic governance and credible elections across the continent.
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