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Woman jailed five years over investment fraud

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A woman, Janet Theophilus Danja, has been convicted and sentenced to five years by Justice S. M. Shuaibu of the Federal High Court sitting in Kano for investment fraud to the tune of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira).

The defendant was arraigned on Monday, February 16, 2026, on a one-count charge bordering on obtaining money by false pretense. The case was brought to court by the Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.

Count one of the charge reads: “That you Janet Theophilus Danjuma being a staff of Taj Bank Limited, Nai’bawa Branch Kano, sometimes in October, 2024 in Kano, within the jurisdiction of this Honourable court, with intent to defraud, did obtain the sum of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira) from Wade Bamaiyi, under the pretext that the money will be invested in CASA Program of Taj Bank Limited which pretense you knew to false and thereby committed an offense contrary to Section 1(1)(b) of the Advance Fee Fraud and other Fraud Related Offenses Act 2006 and Punishable Under section 1(3) of the same Act.

Upon her arraignment, the charge was read to the defendant to which she pleaded guilty.

Following her guilty plea, the prosecuting counsel, Sadiq Huseini, reviewed the facts of the case, detailing how the defendant deceived her victims by exploiting the name of a legitimate financial product to gain their trust. He urged the court to convict the defendant accordingly as prescribed by law.

Consequently, Justice Shuaibu convicted and sentenced Danjuma to five years imprisonment without an option of a fine.

The convict had fraudulently induced her victims to invest a total of N22,350,000 in a non-existent investment scheme, falsely claiming she would channel the funds into the Taj Bank CASA (Current Account Savings Account) program. However, investigation by the Commission traced all the monies to her personal account. She was charged to court and convicted.

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APC supporters attacked in Katsina

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NewsAPC Supporters Attacked, Campaign Vehicle Set Ablaze in KatsinaPublished 39 minutes ago on

Suspected hoodlums have attacked supporters of the All Progressives Congress (APC) in Yankara town, Faskari Local Government Area of Katsina State, leaving several people injured and a campaign vehicle belonging to a political support group burnt.

The incident reportedly occurred on Saturday as APC supporters travelled to attend the Tinubu-Dikko 2027 Campaign Rally organised in support of President Bola Ahmed Tinubu and Katsina State Governor Dikko Umaru Radda.

The attackers were said to have smbushed the supporters along a major road, blocked a route expected to be used by the campaign convoy and disrupted movement, triggering panic among residents.

The Caucus Chairman of the Musa Adamu Network (MAN), Alhaji Nura Sule Yandaki, said he and 11 members of his team were travelling to the rally when the incident occurred.

According to Yandaki, tension escalated while members of another Islamic group were holding a Maulud procession, with suspected hoodlums allegedly taking advantage of the situation to attack vehicles, including those conveying APC supporters.

A vehicle belonging to the Musa Adamu Network was reportedly set ablaze during the violence.

Reacting to the incident, the network’s Secretary, Shamsuddeen Sani Lema, condemned the attack and called on security agencies to identify and prosecute those responsible.

Lema described the incident as unacceptable, insisting that political activities should not be conducted in an atmosphere of violence and intimidation.

 

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We were discpuraged from campaigning in South East because of Obi- Makinde

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The presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has revealed that his campaign team was advised against campaigning in the South-East because of the perception that the region is firmly in the grip of Nigeria Democratic Congress (NDC) Presidential candidate, Peter Obi.

Makinde, however, said the warning would not stop him from taking his party’s message to the South-East ahead of the 2027 general election.

He made the remarks on Thursday at the APM Town Hall Meeting in Enugu, where he urged Nigerians to reject what he described as visions that divide the country along tribal lines.

“We were almost discouraged we were coming to Peter Obi’s region that the South-East belongs to him totally, but we will still bring our message anyways. Reject all visions across tribal lines,” Makinde said.

The APM presidential candidate’s remarks come amid political realignments and growing efforts by presidential hopefuls to consolidate support across Nigeria’s geopolitical zones ahead of the 2027 elections.

 

 

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Dangote VP, NASCON Chief, Say Industrial Hubs, Value Addition Will Boost Economy

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Caption: Chief Controller/Chief of Staff, office of the Vice President, Dangote Industries Limited, Mr. Isa Yusuf Aruwa greets Mrs Aderemi Saka, Managing Director/ CEO, NASCON Allied Industries at the 32nd Nigerian Economic Summit, Transcorp Hilton, Abuja.

Photo 2: Mrs Aderemi Saka, Managing Director/ CEO, NASCON Allied Industries, as a panellist Productivity Revolution for Growth at the 32nd Nigerian Economic Summit, Transcorp Hilton, Abuja.

The Vice President of Dangote Industries Limited (DIL), Olakunle Alake, and the Managing Director/Chief Executive Officer of NASCON Allied Industries Plc, Aderemi Saka, have called for greater investment in industrial hubs and value addition to accelerate Nigeria’s economic growth, strengthen local manufacturing and enhance the competitiveness of domestic industries.

Speaking at the CEO Forum of the 32nd Nigerian Economic Summit at the Transcorp Hilton Hotel in Abuja, Mr. Alake, who was represented by Isa Yusuf Aruwa, said Dangote Group was taking the lead in promoting industrial hubs as catalysts for economic growth, citing the proposed Dangote Olokola Industrial Hub in Ondo State as a key example of the Group’s commitment to industrial development.

He said co-locating businesses would enable them to achieve economies of scale, reduce operational costs, generate more employment opportunities and facilitate knowledge sharing.

“An integrated industrial hub offers the opportunity to address several constraints together: energy, logistics, manufacturing infrastructure and access to markets. But the wider economic benefits will depend on how deliberately we connect the investment to the surrounding economy,” he added.

He said the “wider success of an industrial hub will be measured by the productive
businesses that grow around it.”

According to him, large industrial companies can support smaller firms through technical mentoring, supplier assessments, apprenticeships, access to testing and clearly structured procurement opportunities.

Meanwhile, speaking on ‘Productivity Revolution for Growth’ the Managing Director of NASCON Allied Industries Plc, Mrs. Aderemi Saka called for a comprehensive review of the manufacturing value chain, particularly the sourcing of raw materials, packaging inputs and other essential components required for seamless production.

“Where do the raw materials come from. Do we have small companies that can produce them locally and add value to bigger businesses. Do we have the capacity to source raw materials on a large scale to ensure seamless production?” she asked.

Saka also explained the importance of equipping workers with the technical and professional skills required to drive productivity in a rapidly evolving industrial environment.

She explained that the Dangote Group, under the leadership of its President and Chief Executive, Aliko Dangote, remains committed to nurturing young Nigerian talent through structured training programmes and targeted capacity-building initiatives.

The Dangote Industries Limited is one of the sponsors of the 32nd edition of the Nigerian Economic Summit.

President Bola Ahmed Tinubu had earlier commended the Dangote Group for its outstanding contributions to the Nigerian economy.

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