TOP TORI NEWS

The Economic and Financial Crimes Commission (EFCC) has handed over $56,000 recovered in a suspected  procurement fraud case to an American-based businesswoman, Mrs Adeshola Oshilaja. The statement indicates that the handover was performed by Commission at its Lagos Zonal Directorate 1, Ikoyi, Lagos, bringing the total amount recovered for her to $104,950. The latest recovery represents the outstanding balance of the funds, following the earlier payment of $48,950 directly to Oshilaja by the defendant, Babatunde Samuel Akinsanmi. It adds that the recovery and handover followed an investigation into a petition filed by Oshilaja over the alleged failure of her business associate and family friend, Akinsanmi, to account for funds provided for the procurement of 10 dump trucks from China. According to the petition, Oshilaja transferred $104,950 to two Chinese companies, Jinan Goneng Power Technology Company and China Howo Heavy Truck Industry Limited, on the instructions of...

By Wisdom Oluwadarasimi The Federal Government has a new economic philosophy. It goes like this: when a policy is proposed by the opposition, it is retrogressive, fiscally unsustainable, and economically illiterate. When the same policy is adopted by the government a few weeks later, it becomes a visionary intervention designed to cushion the impact of global shocks on vulnerable households. In August, the Presidency challenged Atiku Abubakar to explain how he would fund his proposed petrol subsidy. Presidential spokesman Bayo Onanuga demanded fiscal arithmetic. Where would the money come from? Would he borrow? Would he cut salaries and pensions? The implication was clear: this man is reckless, desperate for power, and ignorant of governance and the economy. By October, the same government announced a thirty-day petrol discount at NNPC stations, with the Finance Minister explaining that NNPC would forgo its profit margin and sell at cost. The Presidency described this as a ...

Hon. Abiodun Hakeem Tijani popularly known as HARBYTEE, an All Progressives Congress (APC) chieftain in Oyo State, has facilitated a training programme for over 200 residents of Ona-Ara Local Government Area, focusing on EcoWise biogas production and organic manure preparation as part of efforts to promote youth empowerment, skills acquisition and environmental sustainability. The training was designed to equip participants with practical knowledge and skills to transform organic waste into useful resources, encouraging self-reliance, entrepreneurship and potential income-generating opportunities. The initiative also highlighted the economic benefits of converting waste materials into productive resources rather than treating them solely as refuse. During the programme, participants were introduced to the principles of biogas production and the preparation of organic manure from food leftovers and other organic materials. The training demonstrated ho...

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has secured the conviction of Onatayo Pelumi for money laundering involving funds totalling about ₦132 million. Pelumi was convicted by Justice Osiagor of the Federal High Court, Lagos, on five counts bordering on the retention of proceeds of unlawful activities in bank accounts domiciled with Guaranty Trust Bank (GTBank) and Zenith Bank. The charges alleged that the convict retained various sums of money in the accounts between January 2023 and June 2026, knowing that the funds formed part of the proceeds of unlawful activities. The court sentenced him to three years’ imprisonment, with an option of a ₦300,000 fine, on count One. On counts two, three, four and five, he was sentenced to five years’ imprisonment on each count, with an option of a ₦300,000 fine on each count. The terms of imprisonment are to run concurrently. The court also ordered the forfeiture of two properties and ₦8 mill...

Oyo State has reiterated its commitment to transforming its vast Agricultural potential into a modern, investment-driven Agribusiness economy as the Oyo State Agribusiness Development Agency (OYSADA) hosted a strategic engagement with representatives of the European Union (EU), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the United Nations Children’s Fund (UNICEF). The strategic meeting, held at the BIP Conference Room of the International Institute of Tropical Agriculture (IITA), Ibadan, brought together key stakeholders to review ongoing interventions, explore new areas of collaboration, and identify opportunities for strengthening Agriculture, employment creation, investment, youth development, and food security in Oyo State. The meeting was led by Dr. Debo Akande DBA, FCMI, CGMR, Director and Chief Executive Officer (CEO), IITA Business Incubation Platform (IITA-BIP); Executive Adviser to the Governor of Oyo State on Agribusin...

The Gombe State Police Command has launched an investigation into the alleged a$$ault of a police inspector, Ibrahim Musa, by an Area Commander, ACP Alex Gwaza. The command’s Public Relations Officer, DSP Buhari Abdullahi, disclosed this in a telephone interview with reporters, saying the Commissioner of Police had directed the Criminal Investigation Department (CID) to conduct a full and transparent investigation into the incident. Abdullahi said the command was aware of the allegations but noted that the parties involved had presented conflicting accounts of what transpired. “We are aware of the report and we have started investigation in that regard,” the police spokesperson said. According to him, Musa alleged that he was assaulted after being detained for two days over what the Area Commander considered disobedience to an official directive. Abdullahi explained that the Area Commander had issued certain directives which the inspector allegedly failed to obey. “The insp...

Former Vice President and African Democratic Congress presidential candidate Atiku Abubakar has paid tribute to teachers across Nigeria while condemning the rising cost of living that makes it difficult for them to support their families and carry out their work. In a statement issued by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku said he knew and loved his teachers, both those still living and those who had passed on. He said he remained a product of their work and the education he received in their classrooms, recalling the names and faces of his early teachers in Jada who saw potential in a young orphan when few others did. According to him, they taught him arithmetic and grammar but also gave him a future. Atiku said his heart breaks when he hears of a teacher forced to walk miles because transport fares consume so much of their salary, or borrowing food on credit to feed their family before going to teach children....