News
Lagos EFCC Arraigns Four For Alleged N2bn Oil Fraud
Lagos EFCC Arraigns Four For Alleged N2bn Oil Fraud
Lagos EFCC arraigns four for alleged N2bn oil fraud. The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Ikoyi, on Friday, March 6, 2026, arraigned the quartet of Babatunde Olukunle Oyefolu, Babayemi Isaac Olatunde Ezekiel Abaki and Plural Oil Marketing Limited for an alleged N2bn oil fraud before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos.
The defendants were arraigned on a four-count charge of alleged conspiracy, theft, and possession of stolen property involving 894,111 litres of base oil valued at ₦2,000,000,000 (Two Billion Naira).
One of the counts reads:” That you, Plural Oil Marketing Limited, Babatunde Olukunle Oyefolu, Babayemi Isaac Olatunde and Ezekiel Abaki, sometime in 2021 in Lagos, within the jurisdiction of this Honourable Court, conspired among yourselves to unlawfully convert 894,111 litres of base oil, property in which Providus Bank holds a special interest.”
Another count reads: “That you, Plural Oil Marketing Limited, Babatunde Olukunle Oyefolu and Babayemi Isaac Olatunde, sometime in 2021 in Lagos, within the jurisdiction of this Honourable Court, dishonestly retained in Plural Oil Marketing Limited’s Keystone Bank account the sum of N2,000,000,000.00 (Two Billion Naira), being funds fraudulently converted.”
The defendants pleaded “not guilty” to the charges preferred against them.
Following their pleas, prosecution counsel, Z. B. Atiku, asked for a trial date and also urged the court to remand the defendants in a Correctional facility pending trial.
However, defence counsel, Dr. Suleiman Usman, SAN, informed the court that he had filed bail applications on behalf of the defendants and that the applications had been duly served on the prosecution.
He also urged the court to grant the defendants bail on liberal terms and undertook to ensure their presence at subsequent proceedings.
EFCC
After listening to both parties, Justice Oshodi granted the defendants bail in the sum of N20 million each, with one surety in like sum.
The surety must show evidence of means of livelihood.
The court further ordered the second defendant to deposit his international passport with the court, while the third defendant was ordered to submit a valid passport and sign an undertaking not to travel outside Nigeria during the pendency of the trial.
The judge also directed the prosecution to notify the Nigerian Immigration Service, NIS.
Justice Oshodi granted the defendants interim bail pending the perfection of their bail conditions, and ordered their counsel to produce them in court on the next adjourned date.
The matter was adjourned till April 29, 2026 for the commencement of trial.
Economy
NNPC: Commissioning, Handover Of Rehabilitated Hospital Wards At National Orthopaedic Hospital, Igbobi
NNPC: Commissioning, Handover Of Rehabilitated Hospital Wards At National Orthopaedic Hospital, Igbobi
This intervention forms part of the NNPC Foundation Ltd./Gte’s ongoing commitment to improving healthcare infrastructure across Nigeria, ensuring that more patients receive care in decent, functional facilities.
Tomorrow, Wednesday, 29th April 2026, the NNPC Foundation Ltd./Gte., the Corporate Social Responsibility arm of NNPC Limited, will commission and hand over three fully rehabilitated hospital wards with a 100-bed capacity at the National Orthopaedic Hospital, Igbobi, Lagos State.
Eereporter.com
The event is scheduled to begin at 11:00 am prompt.
NNPC
This intervention forms part of the NNPC Foundation Ltd./Gte’s ongoing commitment to improving healthcare infrastructure across Nigeria, ensuring that more patients receive care in decent, functional facilities.
Watch the commissioning LIVE on the NNPC Limited YouTube Channel: https://www.youtube.com/@nnpclimited/streams
Police, EFCC Rescue 14 Abducted Victims From Calabar-Oron Waterways
The Nigeria Police Force in collaboration with operatives of the Economic and Financial Crimes Commission (EFCC), has successfully secured the release of fourteen (14) victims abducted by sea pirates along the Calabar–Oron waterways.
The victims were rescued following sustained intelligence-driven operations, robust inter-agency collaboration, and coordinated tactical efforts targeting criminal elements operating within the maritime corridor. Acting on credible intelligence, joint operatives intensified surveillance and conducted targeted operations across identified flashpoints, leading to the safe rescue of all victims without harm.
Eereporter.com
The rescued victims are currently undergoing medical evaluation and necessary debriefing, after which they will be reunited with their families.
The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc(+), NPM, commended the joint security team for the successful rescue, describing it as a testament to effective inter-agency collaboration and intelligence-led operations.
Gunboats For Waterway Security
The Nigeria Police Force assures the public that efforts are ongoing to track down and apprehend all perpetrators involved in the abduction and bring them to justice.
DCP ANTHONY OKON PLACID, psc(+),mnipr, mni Force Public Relations Officer Force Headquarters, Abuja 28th April 2026
Police Assure Justice As Officer Faces Disciplinary Action In Effurun Shooting
The Nigeria Police Force condemns the fatal shooting of a suspect, Mene Ogidi, which occurred on 26th April 2026 in Effurun, Delta State.
Preliminary reports indicate that operatives attached to the Effurun Area Command responded to credible information from Benin Motor Park along the Warri–Sapele Expressway regarding a suspect apprehended by members of a transport union while attempting to waybill a parcel containing a Beretta pistol with four rounds of ammunition.
Eereporter.com
While efforts were being made to take the suspect into lawful custody, the team leader, ASP Nuhu Usman, discharged his firearm in clear violation of extant regulations, resulting in the death of the suspect.
The leadership of the Nigeria Police Force has directed the immediate transfer of the officer and his team to Force Headquarters, Abuja, where they would face the Force Disciplinary Committee for summary disciplinary measures and prosecution.
The Inspector-General of Police extends his condolences to the family of the deceased and assures them that justice will be served in accordance with the law. He further urges members of the public to remain calm and law-abiding as the disciplinary and legal processes take their course.
Police
The Nigeria Police Force maintains a zero-tolerance stance on extra-judicial actions, abuse of authority, and any conduct that undermines public trust.
DCP ANTHONY OKON PLACID, psc(+), mnipr, mni
Force Public Relations Officer
Force Headquarters, Abuja
28th April 2026
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