News
Looted Funds: EFCC, ICPC recovered $105.9m, not $967.5bn – AGF clarifies
The Attorney General of the Federation and Minister of Justice Prince Lateef Fagbemi SAN has clarified that the Economic and Financial Crimes Commission EFCC and the Independent Corrupt Practices and Other Related Offences Commission ICPC recovered $105.9m, not $967.5bn looted funds in 2024 alone and not $967.5bn as mistakenly reported in some media.
Fagbemi said the figures quoted by the writers were false and completely at variance from his remarks at the Asset Recovery Summit held on May 27 in Abuja and entitled, “Synergizing Towards Effective Assets Recovery and Management.”
The AGF made the clarification on Friday in a statement he personally signed.
The statement read in part “What I said in my speech is that, “In 2024 alone, the Economic and Financial Crimes Commission reclaimed over N248 billion, $105 million, and 753 duplexes in its asset recovery efforts.
“The Independent Corrupt Practices and Other Related Offences Commission, ICPC, also successfully recovered N29.685 billion in cash and $966,900 in assets.
”The National Drug Law Enforcement Agency, NDLEA, has equally intensified its efforts in seizing assets linked to drug-related crimes, ensuring that illicit proceeds do not fuel further criminal activities.
“With regards to international recovery and repatriation of assets, it is pertinent to state that from 2017 to date, the Federal Ministry of Justice working in collaboration with its counterparts and international partners (the US, UK, Bailiwick of Jersey, Ireland, Switzerland), has facilitated the execution of various agreements, leading to the payment of fines, recovery and repatriation of assets in the sums of USD 763,734,000, and £6,472,610 GBP. Of these sums, a total of $102.88 million and £2, 062,000 GBP was recovered from 2024 to date.”
“While we commend the media houses who reported the correct figure, we appeal to those who reported the erroneous figure to do the needful by correcting the anomaly.
“President Bola Ahmed Tinubu’s administration remains resolute in its pursuit of transparency, accountability, and adherence to the rule of law in the management of recovered assets.
“Asset recovery is a fundamental pillar in our strategy to address corruption, economic crimes, and illicit financial flows, which undermine our national development. It is quite a significant strategy, as it serves as a deterrent, deprives criminals of the benefit of their criminal actions and restores confidence in government.
“I am pleased to note that Nigeria has earned global recognition in the area of asset recovery and no room should be given for mischiefs in these efforts.
“These funds are being managed through internationally recognized frameworks, including the United Nations Convention Against Corruption (UNCAC) and the Global Forum on Asset Recovery (GFAR) principles.
News
PRESIDENT TINUBU’S TRIBUTE TO CENTENARIAN ALHAJI TANKO YAKASAI
Of the noble men and women who stood firm for our liberty and freedom from repressive colonial subjugation, Alhaji Tanko Yakasai is the last man standing. Born a hundred years ago in Kano City, Alhaji Yakasai exemplifies a purposeful life, carving out a meaningful legacy despite humble beginnings.
Disturbed by the injustice and maltreatment he witnessed under colonial rule, he chose to join the fight for Nigeria’s liberation. As a young man, Baba Yakasai channelled his energy into the struggle for the emancipation of his people and the rest of the country as a freedom fighter, journalist, and frontline political activist.
His activism led him to join hands with comrades in the Northern Elements Progressive Union (NEPU), led by the visionary radical Mallam Aminu Kano. Through NEPU, Yakasai and his co-travellers launched a massive awakening campaign in Northern Nigeria, igniting the fire for the Independence struggle.
In the aftermath of Nigeria’s Independence in 1960, Yakasai maintained an abiding faith in the country and its development. He played several significant roles, including serving as State Commissioner in Kano under Military Governor Audu Bako and as Special Assistant on National Assembly Liaison to President Shehu Shagari during the Second Republic.
In both youth and old age, Yakasai remains a shining example of commitment to Nigeria. He is a consensus builder who consistently weighs in on the side of national cohesion, peaceful coexistence, and democratic consolidation.
In celebrating Baba Yakasai today, I am not only celebrating the man and his personal achievements, but also a century of dedicated service to freedom and democracy and many years of supporting me and the progressive cause.
I am pleased to join family, friends and associates to celebrate the life and commitment of Alhaji Tanko Yakasai as he turns 100 on December 5.
President Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief
Federal Republic of Nigeria
December 4, 2025
Business
Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress
Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.
Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.
He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.
During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.
While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.
Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.
Business
Dangote to Uzodimma: Just show me where to invest
By Emmanuel Iheaka, OWERRI
The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.
Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.
The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.
Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.
“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.
He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.
“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.
Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.
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GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI
