News
Ex-AGF Malami to face trial Oct 17 for allegedly forcing businessman to handover N130m property to a woman
A High Court of the Federal Capital Territory on Monday shifted hearing on a case instituted against the immediate past Attorney-General of the Federation and Minister of Justice, Abubakar Malami for allegedly abusing his office.
Justice Oluyemisi Adelaja adjourned the case for definite hearing and directed the service of all the necessary court papers on the ex-AGF, Malami, to enable him enter his defence in the matter.
He further directed that a proof of service of the suit and hearing notice on Malami, should be made available to the court.
The suit is seeking an order to compel the erstwhile AGF to pay N1billion as damages to an international businessman and property developer, Mr. Cecil Osakwe.
The plaintiff, in the legal action he instituted through his team of lawyers led by Mr. Victor Giwa, told the court that the former AGF, using his office, arm-twisted him to give out two units of three-bedroom flats in one of his properties situated as Mekong Close, Maitama, Abuja to a civil servant, Mrs. Asabe Waziri.
Osakwe alleged that Malami forced him to hand the property worth about N130million to Mrs. Waziri, against a subsisting order of a court of competent jurisdiction.
The plaintiff told the court that Malami, SAN, while in office as the AGF waded into a civil dispute his firm had with Mrs. Waziri and used his position to supervise his continuous harassment by security operatives.
Alleging that his fundamental rights were grossly violated, the plaintiff said he sued Malami both in his official and personal capacity.
He maintained that the AGF acted with malice and abused his office by raising charge of “collecting money under false pretence’’ against him with a view to ensuring that the property was fully handed over to Mrs. Waziri who was also cited as a defendant in the suit.
According to the plaintiff, Malami took the action, even though he was aware that the 2nd defendant had initially moved into the said property and stayed for over eight months before she was vacated from it by a lawful court order that terminated sales transaction between both parties.
Consequently, aside from praying the court to declare that the AGF engaged in abuse of public office, the plaintiff, urged the court order him to pay N1bn as damages.
At the resumed proceedings in the matter on Monday, Malami was neither present in court nor represented by any lawyer.
The development prompted counsel to the plaintiff, Mr. Giwa to contend that the former AGF ought to be in court, insisting that he could not use the office he occupied for about eight years, to pursue his personal interest.
He told the court that the bailiff was duly mobilised to serve the processes on Malami, insisting that he was aware that the matter was slated for hearing.
“My lord, the second Respondent, Malami is not represented in court and the claimant is ready to open his case.
“We mobilized the bailiff to serve all the Respondents in this matter. This case is very important to the claimant. With this case, we need to send message to public officers that they cannot use their office to pursue personal interest,” Giwa submitted.
In his response, counsel to Mrs. Waziri who was cited as 1st respondent in the suit, Mr. C.J. Abengowe, noted that though the case was fixed for hearing, since Malami was not represented in court, the matter could not be heard.
After he had listened to the two parties, Justice Adelaja said he was minded to grant the ex-AGF another opportunity to respond to the suit.
The court, therefore ruled in favour of another adjournment of the suit.
News
FCT Minister sacks Revenue Service boss
Myesom Wike, the Minister of the Federal Capital Territory, FCT, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mr Michael Ango, of his duties.
The announcement was contained in a statement late Friday by the minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.
The statement added that the decision takes immediate effect.
Olayinka said the minister directed the most senior official of the FCT-IRS to immediately assume leadership of the agency
“The Minister of the Federal Capital Territory, Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Mr Michael Ango,” he stated.
He added that “the most senior official of the FCT-IRS has been directed to take over the running of the revenue agency with immediate effect.”
The statement did not provide reasons for the removal.
News
Speaker, 14 other River State assembly members decamp to APC
15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.
Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.
“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.
Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.
All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.
News
CBN rolls out new directives to track financial fraud
The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.
Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.
The action comes in the wake of a dramatic increase in banking sector fraud.
According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.
The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.
Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.
The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.
It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.
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