News
EFCC Secures Freezing Order on Accounts Linked to Ex-Gov. Ambode over Alleged N9.9bn Fraud
Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, August 6, 2019, ordered the freezing of the sum of three accounts belonging to the Lagos State government over alleged N9.9 billion fraud.Only about N300 million are now left in the three accounts.The funds are domiciled in First City Monument Bank, FCMB, account number 5617984012; Access Bank account number 0060949275 and Zenith Bank account number 1011691254, respectively.Justice Chuka Obiozor gave the order, following an ex-parte application filed by the Economic and Financial Crimes Commission, EFCC.The EFCC had prayed the court to freeze the account pending the conclusion of investigation and possible prosecution of Adewale Adesanya, the Permanent Secretary in the Office of the Chief of Staff to former Governor Akinwunmi Ambode.The applicant, EFCC, in an affidavit deposed to by Kungmi Daniel, an operative of the Commission, stated that there was “a huge inflow of N9,927,714,443.29” from the state accounts into an FCMB bank account opened on September 17, 2018 during the administration of the immediate past governor of the state, Akinwunmi Ambode, and operated by Adesanya.It was further stated that the schedule of the FCMB account showed how Adesanya and other signatories to the account made fraudulent transfer from the accounts of the Lagos State Government and dissipated the funds housed in the said accounts.In his submission, counsel to the EFCC, Mohammed Abbas, said “The trend in the account is that the account always witnessed huge inflow from Lagos State Government in the above scheduled accounts managed by the respondent (Adesanya)”.Abbas, therefore, prayed the court to grant an order to temporarily attach and take over the accounts to enable it conclude its investigations.“There have been concerted efforts and attempts to dissipate the contents of the accounts listed in the schedule to this application.
News
FG Vows to End Frequent Power Grid Collapses
The Minister of Power, Adebayo Adelabu, has assured Nigerians that the Federal Government is intensifying efforts to put a stop to the recurring national grid collapses and improve overall stability in the country’s power sector.
Speaking in Uyo, Akwa Ibom State, on Friday during the maiden retreat of the Nigerian Independent System Operator (NISO) themed “NISO on the Move,” Adelabu—represented by the Permanent Secretary of the Ministry, Alhaji Muhammadu Mamman—said President Bola Tinubu’s administration has been implementing fresh strategies from day one to stabilise the grid and curb nationwide power outages.
According to him, the establishment of NISO is one of the key reforms introduced by the Federal Government to transform operations within the power sector and drive reliable electricity supply.
Nigeria has long grappled with repeated grid collapses, largely attributed to ageing infrastructure, inadequate funding, poor maintenance, and vandalism. These disruptions have resulted in widespread blackouts, affecting businesses, slowing economic activity, and forcing households to depend heavily on generators and other costly alternatives.
Adelabu noted that the current administration is committed to reversing these trends. “Since the commencement of this administration, things have been done differently. The creation of the Nigerian Independent System Operator is a clear indication of government’s renewed approach to achieving grid stability, reducing power outages, and ensuring every Nigerian has access to electricity,” he said.

Foreign
China Reaffirms Commitment to Supporting Nigeria’s Fight Against Terrorism
China has restated its readiness to continue supporting Nigeria in the ongoing fight against terrorism and efforts to maintain national stability.
Chinese Ambassador to Nigeria, Yu Dunhai, gave the assurance after a meeting with the National Security Adviser, Nuhu Ribadu, on Thursday.
In a statement shared via X, the ambassador said China “firmly supports” the Nigerian government’s development strategies that align with the country’s realities and long-term goals.
Dunhai also emphasized that China remains opposed to any external interference in Nigeria’s internal affairs “under the pretext of religion and human rights.”
The meeting further strengthened diplomatic ties between both nations, with discussions centered on security collaboration and sustainable development.

Foreign
Tanzania Erupts in Protests Over Controversial Election as President Samia Faces Mounting Pressure
Tanzania has been plunged into chaos as citizens flood the streets to protest alleged irregularities in the country’s presidential election.
The unrest, which erupted shortly after the announcement of preliminary results, has spread rapidly across major cities. In Dar es Salaam — the nation’s commercial hub with a population exceeding seven million — the situation escalated as angry demonstrators set government offices and several public buildings on fire.
The tension comes amid heightened political scrutiny of President Samia Suluhu Hassan, who became Tanzania’s first female president following the death of her predecessor, John Magufuli, in 2021. Many opposition supporters allege that the current election was manipulated to keep her in power, raising concerns about transparency and fairness in the democratic process.
In response to the violence, the police have imposed an overnight curfew in Dar es Salaam to restore order and prevent further destruction. Security forces have also been deployed across key areas of the city to contain the growing tension.
Authorities have urged citizens to remain calm while investigations into the alleged electoral misconduct continue. However, opposition figures and civil society groups are demanding accountability, insisting that the people’s mandate must be respected.
As the crisis deepens, many fear the situation could spiral into nationwide unrest if dialogue and swift action are not taken.



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