Thursday, April 16, 2026 A witness of the Economic and Financial Crimes Commission on Thursday told the Federal High Court in Abuja how over N4.6 billion was allegedly diverted from the coffers of the Bauchi State Government. The witness, John Ibrahim, an investigator with the commission and the first prosecution witness, gave his testimony in the ongoing trial of Bauchi State’s finance commissioner, Yakubu Adamu, before Justice Emeka Nwite. While being led in evidence by the prosecution counsel, Ibrahim told the court that the EFCC received intelligence reports in May 2024 concerning alleged fraudulent activities involving Adamu and a company, Ayab Agro Products and Freight Company Ltd, which is standing trial as the second defendant. According to him, the investigation revealed that an account belonging to I.S. Makayya Investment Resources Ltd, domiciled in Polaris Bank, was used to receive funds belonging to the Bauchi State Government. The funds were allegedly disbursed to various individuals and companies, including Ayab Agro Products. He said further analysis of bank records showed inflows of N4 billion and N650 million into the account of Emmanuel Asomugha General Enterprises, also domiciled in Polaris Bank. The witness explained that part of the funds originated from a loan granted to the company for the supply of 15,000 motorcycles to Bauchi State civil servants, a loan he said was approved while Adamu served as a branch manager at the bank. Ibrahim told the court that the EFCC contacted relevant institutions, including the Corporate Affairs Commission, and discovered that Adamu is listed as a director in Ayab Agro Products. He added that about N266 million was traced from the I.S. Makayya account to Ayab Agro Products’ account. The commission also obtained account statements from Fidelity Bank as part of its investigation. According to the witness, Adamu was invited for questioning but initially failed to honour the invitation. He was later arrested in 2025 and gave a statement. The witness said Adamu claimed the funds received by his company were repayments of a loan his agric business had granted to an individual. However, Ibrahim told the court that the defendant could not explain why an agriculture-based company was issuing such loans. He further stated that the loan obtained by Emmanuel Asomugha General Enterprises was backed by an irrevocable standing payment order issued by the Bauchi State Government through the Office of the Accountant-General. However, he alleged that the loan was not used for its intended purpose. Instead, transactions showed funds being moved to various companies and Bureau De Change operators. Some of the individuals and entities invited during the investigation reportedly stated that they converted the funds into foreign currency and handed them over to certain officials. The witness listed beneficiaries of the funds to include I.S. Makayya, Dnice Number City, Amy Trading Ltd, Umman Engineering, Assar Global Ltd, Inabi Nigeria Ltd, and Zailali Idriss, among others. Several documents, including bank statements and correspondence with regulatory bodies, were tendered and admitted as evidence in court. Justice Nwite adjourned the case until May 4, 2026, for continuation of the trial.

MTN Nigeria has announced the temporary suspension of its airtime and data borrowing service, popularly known as Xtratime, citing new regulatory requirements. In a corporate filing to the Nigerian Exchange Limited on Thursday, the telecom giant explained that the decision is part of efforts to comply with the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025. Why MTN Suspended Xtratime According to a statement signed by Company Secretary Uto Ukpanah, the new rules introduce a compliance and licensing framework for digital lending services. This means telecom operators offering airtime and data advances are now classified under regulated lenders. The regulations were issued by the Federal Competition and Consumer Protection Commission, which now requires all digital lenders to formally register and meet strict operational standards. MTN stated: “This relates to the implementation of processes under the new regulatory framework for digital or non-traditional consumer credit services.” Operators were given until April 2026 to comply or face possible sanctions. What This Means for Customers While Xtratime is temporarily unavailable, MTN reassured customers that they can still purchase airtime and data through other channels such as USSD codes and digital platforms. The company also noted that the suspension is not expected to significantly impact its financial performance, given the relatively small share of the service in its overall revenue mix. Public Reaction The move has triggered widespread reactions, especially among prepaid users who depend on borrowing airtime or data in urgent situations. Many customers reported receiving this message: “Xtra Time is currently unavailable. Kindly recharge… We apologise for the inconvenience.” Some Nigerians expressed frustration online, noting that the service had become an essential backup amid rising living costs. Regulatory Context The new FCCPC regulations build on earlier 2022 guidelines and signal increased government oversight of digital lending in Nigeria. The goal is to improve transparency, protect consumers, and ensure responsible lending practices across the sector. Related Development In a separate move, the Nigerian Communications Commission has directed telecom operators—including MTN, Airtel, Globacom, and 9mobile—to begin compensating customers for poor network service starting April 2026.

The Federal Road Safety Corps (FRSC) has announced stricter enforcement measures targeting fuel tanker operators, stating that vehicles failing to meet “safe-to-load” standards will no longer be permitted to transport petroleum products. The Corps Marshal, Shehu Mohammed, made this known on Thursday in Abuja during the inauguration of the 2026 technical training for safe-to-load desk officers and marshals deployed to petroleum depots and terminals nationwide. Represented by Zonal Commanding Officer Comfort Asom, Mohammed emphasized that all tanker-related crashes would now undergo comprehensive investigations across the entire value chain. This includes inspecting officers, depot managers, drivers, and vehicle owners. He warned that tampering with speed-limiting devices and other critical safety systems would attract strict sanctions, including prosecution. “The era of impunity on our highways is over. Compliance with safety regulations must be absolute, and accountability must be enforced at all levels,” he stated. Mohammed noted that road transportation accounts for over 95 percent of petroleum product distribution in Nigeria, making it a high-risk operation that demands strict regulatory oversight. He highlighted the impact of the Safe-to-Load Programme, introduced in 2015 alongside Nigeria’s adoption of the 1957 United Nations Agreement on the International Carriage of Dangerous Goods by Road (ADR). According to him, compliance with valid Class G driver licences rose significantly to 99.4 percent in 2025, up from 58.2 percent at inception. Additionally, the installation of API-standard leak-proof systems and manhole covers reached 98.3 percent compliance nationwide. Despite these improvements, Mohammed disclosed that 268 tanker-related crashes were recorded in 2025. However, fatality and severity rates dropped by 61.29 percent and 15.53 percent respectively compared to 2024. He expressed concern over recurring tanker explosions in locations such as Majia, Dikko Junction, and Indorama, stressing the need for sustained vigilance and stronger enforcement. Describing the training as strategic, Mohammed said it aims to enhance the competence, professionalism, and leadership capacity of officers responsible for enforcing compliance. “At the core of our aspiration to achieve zero crashes and fatalities is our personnel. This training is not routine but a strategic investment,” he added. The Corps Marshal also announced plans to intensify monitoring through physical inspections and technology-driven compliance systems across depots and transit corridors. He further directed operators to strictly adhere to maintenance schedules for safety-critical components, particularly API-standard manhole covers and valves. He commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), as well as stakeholders including MEMAN, DAPPMAN, NARTO, NUPENG, and IPMAN, for their continued collaboration in improving safety standards. In his remarks, the FRSC FCT Sector Commander, Tijjani Iliyasu, stressed that petroleum transportation remains vital to Nigeria’s energy supply chain and requires strict safety management to protect lives, investments, and the environment. Also speaking, Moses Oko, representing the Major Energy Marketers Association of Nigeria (MEMAN), called for stronger collaboration among stakeholders, noting that town planners, engineers, road users, and emergency responders all play critical roles in preventing accidents. Similarly, Oyedeji Ifeoluwa of TotalEnergies emphasized the need for continuous capacity building, regulatory compliance, and the adoption of technology-driven solutions to enhance safety in petroleum transportation. He noted that TotalEnergies has maintained a long-standing partnership with FRSC, including sponsoring training programmes for officers both locally and internationally.

The UK economy recorded stronger-than-expected growth in the months leading up to the outbreak of conflict in Iran, according to newly released official figures. Data from the Office for National Statistics shows that gross domestic product (GDP) grew by 0.5% in the three months to February, surpassing economists’ forecasts. The economy also expanded by 0.5% in February alone, highlighting a short-term boost in activity. The growth was largely driven by the services sector, with strong performances in wholesaling, market research, hospitality, and publishing. However, this rebound may prove temporary. Revised figures indicate that the UK economy recorded no growth in the three months to December, suggesting underlying fragility. While industrial production rose by 1.2%—helped by a recovery in car manufacturing after disruptions at Jaguar Land Rover—the overall picture was dampened by continued weakness in the construction sector, which remained in decline. Government officials welcomed the figures, pointing to ongoing efforts to stabilise the economy, boost investment, and reduce business costs. Still, economists warn that rising geopolitical tensions and global uncertainty could weigh on growth in the months ahead.

In a solemn and emotionally charged ceremony on Wednesday, April 15, 2026, the nation laid to rest the late Brigadier General Omo Braimah, Captain Azubuike Michael Esimai, and other gallant soldiers who paid the supreme price in the line of duty. The burial, held at the Maimalari Cantonment Cemetery in Maiduguri, Borno State, was marked by deep sorrow, honour, and reflection, as grieving families, friends, and fellow service members gathered to bid farewell to the fallen heroes. The deceased were accorded full military honours in recognition of their selfless service and unwavering commitment to the defence of the nation. Their sacrifice stands as a poignant reminder of the heavy price paid daily by members of the Armed Forces in safeguarding Nigeria’s peace, unity, and security. Dignitaries present at the ceremony included the Executive Governor of Borno State, Professor Babagana Umara Zulum; the Honourable Minister of Defence, General Christopher Musa (Rtd); the Chief of Defence Staff; the Chief of Army Staff; and other senior military officers. In their tributes, the leaders described the fallen soldiers as true patriots who stood firm in the face of danger and made the ultimate sacrifice so that others might live in safety. They noted that the courage and sense of duty displayed by the deceased would continue to inspire future generations and remain etched in the nation’s history. Prayers were offered for the peaceful repose of their souls, while citations highlighting their service and sacrifice were read in the presence of their next of kin. The grief of their families underscored the human cost of the nation’s security efforts, even as their bravery remains a source of pride and honour. As the nation mourns, it is reminded that the freedom and stability it enjoys come at a profound cost—paid by brave men who placed duty above self and gave their all in service to their fatherland.

The Senate, through its Committee on Public Accounts, has issued a firm deadline of April 29 for the management of the Nigerian National Petroleum Company Limited to appear before it and account for N210 trillion flagged in audit reports spanning 2017 to 2023. The committee directed the Group Chief Executive Officer, Bashir Bayo Ojulari, to appear alongside his predecessor, Mele Kyari. Also summoned are former Chief Financial Officer Umar Ajia, Dr Bala Wunti, and the company’s external auditors. The decision followed a motion moved by Osita Izunaso and seconded by Adams Oshiomhole during Wednesday’s session. Chairman of the committee, Aliyu Wadada, stated that the Senate was dissatisfied with the explanations provided so far, stressing that Nigerians deserve clear and detailed accountability. He noted that the NNPCL attributed N103 trillion of the queried amount to liabilities but failed to provide a proper breakdown. “Liabilities include components such as retention fees, legal fees, and audit fees. Each must be clearly itemised and explained,” Wadada said. He further demanded clarification on the remaining N107 trillion, which the company claimed was spent on joint venture cash calls and funds allegedly owed by unnamed defunct banks. “The committee is not satisfied with the blanket explanations given. Comprehensive and verifiable details must be provided,” he added. The Senate consequently resolved to give the company an additional two weeks to comply, warning that the deadline must be honoured without fail. Earlier, committee member Abdul Ningi urged the Senate to exercise its constitutional powers to compel attendance, citing repeated failures by NNPCL officials to respond to invitations. “We must treat this matter with the seriousness it deserves. The strength of democracy depends largely on the authority of the legislature,” he said.

The European Union is set to roll out a new age-verification app aimed at improving online safety for children, according to European Commission President Ursula von der Leyen. Speaking on Wednesday, von der Leyen said the app is technically ready and will be launched soon as part of broader efforts across the EU to better protect minors on the internet. She highlighted growing concerns about children’s online experiences, noting that bullying remains widespread. According to her, one in six children experiences online bullying, while one in eight admits to engaging in it. Several EU countries—including France, Denmark, Greece, Italy, Spain, Cyprus, and Ireland—have already announced plans to integrate the app into their national systems. The initiative comes as governments consider setting minimum age requirements for social media use, though a reliable and privacy-compliant verification method has been lacking. Von der Leyen also warned about the impact of social media on young users, pointing to features like endless scrolling, short-form videos, and highly personalised content, which she said can be addictive and harmful to developing minds. She called for a unified European strategy to tackle these challenges, adding that an expert group is expected to present further recommendations by the summer.

The International Monetary Fund (IMF) has lowered its global economic growth projections, warning that escalating tensions in the Middle East and disruptions to energy supplies are threatening stability. In its latest outlook released Tuesday, the IMF said the global economy risks being “thrown off course” due to the outbreak of war in the region at the end of February 2026. The fund noted that while previous concerns centered on trade tensions and policy uncertainty, the current slowdown is largely driven by reduced access to raw materials. This is linked to disruptions in the Strait of Hormuz—a critical global shipping route—and heightened uncertainty surrounding the conflict involving Iran. Global growth is now projected at 3.1% for 2026, down from the 3.3% forecast in January, and 3.2% in 2027. These figures remain below the long-term average, signaling a more subdued economic outlook. IMF Managing Director Kristalina Georgieva warned that even under favorable conditions, a quick return to pre-war growth levels is unlikely. Instead, global expansion may settle at a structurally lower pace, well below the 3.7% average recorded between 2000 and 2019. The IMF also flagged short-term inflation risks, with rising energy costs expected to push prices higher. Inflation forecasts for the United States and the eurozone have already increased, although long-term expectations remain stable. Global inflation is now expected to reach 4.4% in 2026 before easing to 3.7% in 2027—still above the 2% target commonly set by central banks. Despite these pressures, the IMF does not currently see major central banks, such as the Federal Reserve or the European Central Bank, facing immediate pressure to tighten policy. Growth projections for key economies were also revised downward. The eurozone is now expected to grow by 1.1% in 2026 and 1.2% in 2027, while the United States is forecast to expand by 2.3% in 2026 and 2.1% the following year. Germany’s outlook has also weakened, with growth now projected at 0.8% for 2026, reflecting the heavy impact of rising energy costs on its recovery. The IMF noted that supply disruptions tied to the Strait of Hormuz have pushed up global oil and gas prices, increasing fuel costs worldwide. In response, Germany has introduced temporary fuel tax cuts, lowering petrol and diesel prices, and is considering additional support measures, including tax-free bonuses for workers.    

Residents of Edikwu Ankpali in Apa Local Government Area of Benue State have been thrown into deep mourning following the burial of nine people killed in a recent attack by suspected herdsmen. The tragic incident, which occurred on Monday, has further heightened tensions across parts of the state, especially in rural communities that have long complained about insecurity. Community members and bereaved families, while confirming the identities of the victims, lamented what they described as the persistent failure to adequately secure vulnerable areas. Those killed in the attack have been identified as Elaigwu Pelu (31), Oigene Ogah (62), Adah Aboje (78), Peter Omafu (59), and John Peter Musa (33). Others include Ogagwu John (31), Eluma Ogbeni (30), John Elegbo (39), and Gideon Monday (29). Many of the victims were breadwinners, leaving behind children and dependents now faced with an uncertain future. Residents stressed that beyond the number of lives lost, each victim played a crucial role in the community, making the tragedy even more devastating. Communities across Apa LGA have repeatedly raised alarm over growing insecurity, calling on authorities to take decisive action to address the situation and prevent further attacks. The incident has also sparked outrage on social media, with many Nigerians demanding an end to the killings and stronger security measures to protect lives and property. With the burials now concluded, attention has shifted to government authorities, as calls for accountability and improved protection continue to grow. For many in Edikwu Ankpali, one haunting question remains: how many more lives must be lost before lasting solutions are implemented?

The Nigerian military has recorded significant operational successes in Enugu State, including the recovery of an improvised explosive device (IED), ₦2 million suspected to be ransom proceeds, and the arrest of a suspected kidnapper. The operations were carried out by troops of the Nigerian Army’s 82 Division under Operation UDO KA, according to an update obtained in Abuja on Tuesday. In one operation, troops of the 82 Division Garrison, in collaboration with the 103 Battalion and the Air Component, conducted clearance missions in Ajali Forest, located in Ezeagu Local Government Area. The exercise targeted hideouts linked to the proscribed Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN). During the operation, an anti-tank improvised explosive device was discovered along the axis. The device was safely recovered and relocated by an Explosive Ordnance Disposal team after three failed detonation attempts. Troops also intensified clearance efforts within the forest, deploying heavy equipment such as bulldozers and chainsaws to dismantle camps and restrict the movement of criminal elements. In a separate operation in Adani, Uzo-Uwani Local Government Area, troops acted on intelligence linking ransom payments from a kidnapping incident to a specific location near their deployment. According to the report, the funds were electronically tracked, leading to swift action by the troops, who apprehended a suspect’s brother at the identified location. A subsequent search of the residence led to the recovery of a pump-action rifle and ₦2 million in cash. The suspect, along with the recovered items, has been handed over to the appropriate authorities for further investigation and possible prosecution. The military confirmed that all operations were conducted successfully without any casualties.