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JUST IN: EFCC To Remove Okupe From Watchlist

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The Economic and Financial Crimes Commission has said it will remove the former Director-General of the Labour Party Presidential Campaign Council, Dr. Doyin Okupe, from its watchlist following his arrest by the Department of State Security Service at the Murtala Muhammed International Airport in Lagos on Thursday.

An impeccable source at the EFCC confirmed to our correspondent that Okupe had been on the EFCC watchlist for about six years since 2016.

“Dr. Okupe is one of the individuals, groups, or organizations that required close surveillance, for legal reasons. In his case, he has been on our watchlist since 2016.”

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Confirming the report in an interview with our correspondent, while reacting to Okupe’s arrest by the DSS and his subsequent transfer to the EFFC, the anti-graft agency’s spokesperson, Wilson Uwujaren, said the EFCC would take immediate action to remove the former presidential aide from its watchlist.

READ ALSO: Why Okupe Was Rearrested – DSS

Uwujaren said, “Concerning the interception of Doyin Okupe; the DSS, today, January 12, informed the Commission of the interception of Dr. Okupe, former presidential adviser, at the Murtala Muhammed International Airport in Lagos.

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“The Service acted on a watchlist request issued on July 18, 2016, over six years before his recent conviction on money laundering charges by the Federal High Court, Abuja.

“The Commission was in the process of formally lifting the watch list before his interception, and will expedite action in this regard.”

The PUNCH reports that the DSS cited its cooperation with the EFCC as the reason for Okupe’s rearrest earlier today.

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Responding to an inquiry by our correspondent, DSS spokesperson, Dr. Peter Afunanya, said, “Okupe was intercepted by the DSS at Terminal 1 of Murtala Mohammed International Airport, Lagos this morning at the instance of the EFCC. He has long been handed over to the Commisson which requested for the action. Okupe was billed to fly to London via Virgin Atlantic.”

Recall that Okupe was December 19, 2022, sentenced to two and a half years imprisonment for breaching the Money Laundering Act.

According to the EFCC that engineered the arrest, Okupe was charged to court for receiving N702 million in illegal payment from public funds meant to procure arms to fight insurgency in 2019. He was convicted of the offence by the Federal High Court.

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READ ALSO: Okupe Breaks Silence On His Arrest By DSS

One of the charges read, “That you, Dr Doyin Okupe, being the Senior Special Assistant to President Goodluck Jonathan from July 2012 to May 2015 and being the Managing Director/Chief Executive Officer, and a signatory to the bank account of Abrahams Telecoms Limited, on or October 3, 2014, in Abuja within the jurisdiction of this honourable court, directly took possession or control of the sum of N35million, transferred to the account of Abrahams Telecoms Ltd from the account of the Office of the National Security Adviser with the Central Bank of Nigeria, purporting to be for special services when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity.”

Justice Ojukwu, in a judgment, held that Okupe, also the former Senior Special Assistant (SSA) on media to ex-president Goodluck Jonathan was found guilty of contravening Sections 16(1)&(2) of the Money Laundering Act, for accepting cash payments without going through a financial institution, in excess of the threshold allowed under the Act.

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Foundation Holds School Debate In Benin To Address Negative Narrative About Education

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Osahon Enabulele Foundation, (DOEF), has given reason for organising interschool secondary schools debate in Edo State, saying it was “conceived to tackle the negative narrative surrounding the value of education among the younger generation.”

The Director—General of the foundation, Dr. Osahon Enabulele, stated this at the grand finale of the maiden edition of the debate held in Benin on Wednesday.

The competition, titled: “If education is a scam or not” was informed by the social-economic reality with students demonstrating impressive intellectual competition and depth.

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Enabulele stressed that the debate was aimed at promoting intellectual development, encouraging civic engagement and public speaking, and fostering leadership qualities and critical thinking.

READ ALSO:Foundation Engages Traditional Leaders To Curb GBV In Bauchi

He added that the foundation, established nine months ago, was driven by strategic pillars that include leadership and governance, health, education, policy advocacy and social philanthropy.

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According to him, many young people are becoming disillusioned by society’s “defective role modelling” and the “unfortunate reward for individuals with questionable sources of wealth,”

He said, “The debate is totally driven by the Foundation as a deliberate interventionist initiative that seeks to reverse the worrisome negative narrative about education, particularly amongst our upcoming generations, including our youths who are increasingly becoming victims of our society’s defective role modelling and unfortunate reward for individuals with very questionable sources of wealth, with leadership and societal positions. Our younger ones are truly becoming disillusioned as a result of these inanities.

“Some no longer think it is worthwhile to acquire education or task their brains in any way. This debate initiative is therefore our Foundation’s committed efforts to contribute to the reversal of this worrisome trend and mindset affliction.”

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READ ALSO:Employ Sign Language Interpreters, Foundation Urges Nigerian Banks

The interschool debate saw Eghosa Grammar School clinching the N1m star prize while other winners were also presented with a certificate of participation, books and other sundry items.

The outstanding speakers during the debate also went home with cash prizes ranging from N100,000 to N200, 000.

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Trump’s Military Threat: ‘Poor Man Is Already A Sinner’ – Shehu Sani

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Former lawmaker, Shehu Sani, has criticised United States President Donald Trump’s approach to global relations, alleging a double standard in the way he engages with different regions of the world.

In a statement posted on X on Wednesday, Sani said Trump had secured a trillion-dollar deal from Saudi Crown Prince Mohammed bin Salman and consistently defended the kingdom, while raising issues of human rights, terrorism and religious persecution only when dealing with African leaders.

According to him, no African, European or Latin American nation could offer Trump the kind of financial leverage that oil-rich Arab states provide.

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READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

Sani’s remarks come amid Trump’s recent threat of military action in Nigeria over allegations of Christian genocide.

The former lawmaker argued that in a materially driven world, “a poor man is already a sinner,” suggesting that economic power continues to shape international attitudes and interventions.

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He wrote: “Mr Trump got a deal of a trillion dollar from Bin Salman and defended everything about Saudi Arabia. No African, European or Latin American country can give him that.

“When they are talking with oil rich Arab countries, issues of human rights, executions, terrorism and religion doesn’t come up, until they meet with African leaders and start asking them where they learned ‘how to speak English’. In a material World, a poor man is already a sinner.”

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Why Nigerians Are Not Feeling Inflation Drop – Economists

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Despite Nigeria recording its seventh consecutive month of disinflation, economists and financial analysts have raised concerns that the easing inflation trend has brought little or no relief to Nigerians and households already overwhelmed by high living costs and economic hardship.

The National Bureau of Statistics (NBS) reported that headline inflation slowed to 16.05 per cent in October 2025, down from 18.02 per cent in September, one of the strongest single-month declines this year.

Food inflation also moderated to 13.12 per cent, compared to 16.9 per cent in the previous month.

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But economists and analysts insist the improved figures do not reflect the economic reality facing millions of Nigerians.

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the gains from the latest figures have not translated into real cost-of-living relief because price pressures remain elevated across essential sectors.

READ ALSO:Why U.S. Military Intervention In Nigeria Will Be Messy, Says Adeyemi

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Inflationary pressures remain elevated in critical household sectors—including food, transportation, housing, utilities, education, and health—which jointly account for 84 percent of inflation,” Yusuf noted.

He attributed the limited impact of disinflation to persistent structural challenges such as high logistics costs, energy constraints, insecurity in food-producing regions and climate-related disruptions that continue to suppress supply.

According to him, “the full welfare benefits are yet to be sufficiently felt by households due to persistent structural constraints.”

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Yusuf advised that deeper and sustained reforms across key sectors—supported by coordinated monetary, fiscal and structural policies—are necessary to turn statistical improvements into real economic progress.

‘NBS Inflation Figures Are Flawed’ — Former CIBN President, Okechukwu

In an interview with DAILY POST, Mazi Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria (CIBN), said the October inflation report is detached from the real-life experience of Nigerians.

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READ ALSO:Nigerian Military Kills 50 Jihadists During Army Base Raids

Unegbu insisted the country’s true inflation rate is significantly higher than official figures suggest.

The inflation figure by the National Bureau of Statistics is flawed because it does not reflect reality. In real terms, the country’s inflation is as high as 29 percent,” he said.

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He argued that the persistent rise in the cost of food, rent, transportation, fuel, and other essentials shows that the declining inflation rate “does not make sense” to the average Nigerian.

Why Nigerians Still Feel No Relief — Oyedokun

An economist and a university don, Prof Godwin Oyedokun, said most Nigerians feel no impact from the inflation slowdown because the structural drivers of the cost-of-living crisis remain intact.

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READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

He outlined six reasons why Nigerians are yet to feel the impact of inflation: “Prices are still rising— just more slowly- A drop in inflation does not mean prices are falling. Nigerians are still paying historically high amounts for food, transport, energy and rent.

“Incomes remain stagnant- Wages, pensions and SME earnings have failed to keep up with inflation for two years, weakening purchasing power.

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“Key cost drivers remain unresolved- Exchange-rate volatility, high energy costs, logistics inefficiencies, insecurity in food belts and elevated interest rates continue to fuel price increases.

READ ALSO:Two Nigerians Sentenced For Attempting To Obtain Ghana Cards With False Identities

Inflation expectations are still high- Businesses expect prices to rise further and therefore adjust prices upward in advance.

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State-to-state variations distort relief- Some states still record much higher food and transportation inflation than the national average.

“Poverty levels overshadow economic data- With high unemployment and widespread poverty, even a slowdown in inflation does little to improve household welfare.”

Prof. Oyedokun concluded that “Nigerians have yet to feel any relief because the level of prices— not just the rate of change— remains painfully high, and the structural conditions driving hardship persist.”

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