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How Yahaya Bello Moved $720,000 From State Coffers To Pay Child’s School Fees — EFCC

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Fresh revelations have emerged on the probe of former Governor of Kogi State, Yahaya Bello by the Economic and Financial Crimes Commission (EFCC) as the anti-graft commission says the embattled ex-governor withdrew $720,000 from the state’s accounts to pay his child’s school fees in advance just before he left office on January 27, 2024.

EFCC chief Ola Olukoyede made this known in a chat with journalists at the Commission’s headquarters in the Jabi area of Abuja on Tuesday.

Olukoyede alleged that Bello moved the money from the state coffers to a Bureau de Change operator, and used the money for his child’s school fee in advance.

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He said, “A sitting governor, because he knew he was leaving office, moved money directly from the government to Bureau de Change (and) used it to pay his child’s school fee in advance.

“Over $720,000 or thereabout, in anticipation that he was going to leave the Government House. In a poor state like Kogi? And you want me to close my eyes under the guise of ‘I’m being used’. Used by who? At this stage of my life? Used by who?

“I didn’t initiate the case; I inherit the case, I called for the case file and I said there are issues here.”

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READ ALSO: BREAKING: EFCC Chair Vows To Follow Yahaya Bello’s Prosecution To Conclusion

The EFCC chair sworn to follow the prosecution of the ex-governor to logical conclusion, saying that he will resign as EFCC chairman if Bello is not prosecuted.

He also vowed that all those who obstructed the arrest of the former governor would be brought to book.

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The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust and misappropriation of funds to the tune of N80.2 billion.

He said that no matter what anyone does or the amount of attack against the anti-graft agency, he and his men will not relent in helping to sanitise the country.

Bello was the governor of the North Central state from January 27, 2016 to January 27, 2024 when he handed over to his fellow partyman in the All Progressives Congress (APC), Usman Ododo.

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READ ALSO: JUST IN: Court Orders EFCC To Serve Yahaya Bello N80bn Fraud Charges Through His Lawyer

On April 17, 2024, armed EFCC operatives laid siege to Bello’s Abuja residence to arrest him but Ododo arrived at the house and allegedly whisked away his predecessor.

The EFCC subsequently declared Bello wanted, warning that obstruction to its operations won’t be tolerated, a moved backed by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, who advised Bello to turn himself in.

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Legal Fireworks

Meanwhile, the EFCC has served a copy of the charge sheet of alleged fraud to the tune of N80bn against the immediate past governor on his lawyer, Abdulwahab Mohamed.

This followed a Tuesday order by Justice Emeka Nwite of the Federal High Court in Abuja after Bello’s absence in court.

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He was absent from court for his arraignment on a 19-count charge of alleged money laundering to the tune of ₦80bn.

The judge relied on section 384 (4 and 5) of the Administrative and Criminal Justice Act 2015, directing the counsel to the immediate past governor to receive a copy of the charge.

READ ALSO: Why Yahaya Bello Was Absent In Court — Lawyer

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The court held that where it had become impossible to effect personal service of a legal process on a defendant, such could be done through substituted means.

Justice Nwite further held that it was clear that the former governor failed to appear in court for his arraignment.

Although Bello’s lawyer, Mohammed, initially declined to accept the charges and proof of evidence, he was compelled to do so by Justice Nwite.

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The judge rejected the plea by the senior lawyer that a junior lawyer in his team, AI Musa, be the one to accept the charges on behalf of the former governor.

A member of the legal team for Bello, Adedayo Adedipe, told the court that his client would have made himself available, but was afraid of lack of fair hearing and justice.

He added that Bello was ready to appear before the court to answer the 19-count charge preferred against him by the EFCC.

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READ ALSO: Sex Tape: Uniport Reacts To Lecturer S3xually Harassing Students

Adedipe urged the court, to set aside the ex-parte order of arrest it had earlier issued against the former governor, saying that at the time the order of arrest was made, the charge had not been served on his client.

Illegal Organisation?

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Bello had argued that the EFCC was an illegal organisation. According to him, the Federal Government did not consult the 36 states of the federation before enacting the EFCC Act through the National Assembly. He added that section 12 of the 1999 Constitution as amended, required the various Houses of Assembly to ratify the act before it could become operative.

Counsel to the EFCC, Kemi Phinheiro, however, urged the court to dismiss the application, insisting that the warrant of arrest should not be set aside until the defendant makes himself available for trial.

He argued that Bello did not have the legal ground to file numerous applications while in hiding.

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Justice Nwite had last week issued a bench warrant against Bello following an application to that effect by EFCC.

The EFCC subsequently declared the former governor wanted for his persistent absence in court and for evading the criminal charges against him.

Source: Channels TV

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Six Corps Members Receive N10m Grants To Boost Agribusiness

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Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.

The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.

Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.

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Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.

READ ALSO: NYSC Swears In 1,600 Corps Members In Bauchi

He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.

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“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.

The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.

Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.

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READ ALSO: NCCSALW Deploys NYSC Members In Fight Against Illegal Arms In Northeast

She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.

According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.

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Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.

She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.

The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.

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“We are happy with our collaboration with the NYSC, and it will continue,” he said.

READ ALSO: NYSC Lauds Gov. Mohammed’s Intervention In Fence Collapse

Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.

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He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.

He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.

According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.

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CBN Reduces Interest Rate To 23%

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The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.

Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.

According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.

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READ ALSO: CBN Monetary Tightening Worsening Nigeria’s N50tn Development Finance Gap – Group

Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.

According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.

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“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”

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NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

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Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.

The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.

The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.

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According to the post, the two union leaders have resolved their differences after years of strained relations.

READ ALSO: Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo

After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.

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The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.

“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.

The post also described the meeting as a significant step beyond previous public displays of reconciliation.

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READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident

This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”

Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.

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“Both parties are delighted about the new development,” the post said.

The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.

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