News
Olukoyede Hails Proceeds Of Crime Act For Improved Asset Recovery, Management
Olukoyede Hails Proceeds Of Crime Act For Improved Asset Recovery, Management
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has applauded the Proceeds of Crime Act, POCA, for strengthening asset recovery and management and for providing a clear legal basis, improving transparency and reducing delays in the disposal of recovered assets.
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He gave the thumbs up on Friday, July 10, 2026, in Abuja, while speaking at a high-level seminar, themed, “Scaling up the Promotion of Integrity and Anti-Corruption Actions Across Africa,” organised by the Inter-Agency Task Team to commemorate this year’s African Anti-corruption Day.
Represented by the Head, Administration and Records, Proceed of Crime Management of the EFCC, Assistant Commander of EFCC, ACE II Wananje Gwatana, Olukoyede expressed delight that the implementation of POCA has streamlined the Commission’s asset recovery and management processes, provided legal backing for its activities and enhanced operational efficiency.
“The coming of POCA streamlined our activities and also gives us a legal backing to whatever we do. One of the things the Commission is doing at the moment, aside from the seizure, forfeiture, management, and then the disposal process is to shorten the turnaround time between forfeiture and disposal of assets,” he said.
He disclosed that the dissipation of recovered assets was one of the major challenges the EFCC encountered in the past, adding that “with the coming of POCA, what we do for assets that are susceptible to deterioration is that we sell even before the annual disposal, because in the Standard Operating Procedures, we have annual disposal of finally forfeited assets. But if an asset is susceptible to deterioration, we sell and then we put the proceeds in escrow, even if it is in the interim, pending the final determination of the case in court.”
Speaking further, the EFCC boss stated that the Commission has strengthened integrity, transparency and accountability in recovered asset disposal by transitioning from physical auctions to electronic, adding that the EFCC now engages asset management consultants to manage forfeited properties and assigns property types to them based on their areas of competence.
The consultants, he further stated, are selected based on their proven expertise and are required to submit quarterly performance reports and account on revenue generated from the assets under their respective management.
While highlighting the positive impact of the Commission’s recovered assets in the economy, he stated that proceeds of crime recovered by the Commission were deployed as start-up capitals for Nigerian Education Loan Fund, NELFUND, and the Consumer Credit Scheme.
“The recovered proceeds of crime by the Commission is felt even by vulnerable people. The federal government recently approved some of the proceeds recovered by the Commission to fund the NELFUND and the Consumer Credit Scheme,” he said.
In his goodwill message, the Chairman of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, Musa Adamu Aliyu SAN, reaffirmed the Commission’s commitment to promoting integrity, transparency and accountability in Nigeria and across Africa.
Aliyu noted that Africa’s pursuit of economic growth, democratic governance and social transformation could only be achieved through strong public institutions and effective anti-corruption mechanisms.
The ICPC chairman stressed that combating corruption necessitates collaboration among governments, and other stakeholders.

Olukoyede, EFCC
“Scaling up the promotion of integrity requires collective action. Governments, oversight institutions, private sector, civil society organisations, development partners, citizens all have critical roles to play,” he said.
Also, the Chairman of the Code of Conduct Bureau, CCB, Abdullahi Usman Bello, stated that the Bureau would continue to uphold its constitutional responsibility of ensuring that public officials operate with honesty, integrity and accountability.
Bello said the bureau had introduced reforms aimed at improving transparency, including the development of an online asset declaration system.
Reaffirming, the CCB Chairman noted, “On this important day, we renew our promise to work closely with the inter-agency task team. Together, we will raise awareness, involve citizens and fulfil our duties.”
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Economy
Umahi, Sanwo-Olu, Abiodun, Others Grace Shekina and Shope’s Wedding in Lagos
Umahi, Sanwo-Olu, Abiodun, Others Grace Shekina and Shope’s Wedding in Lagos
It was a celebration of love, family, friendship and distinguished personalities in Lagos on Saturday, August 22, 2026, as Shekina Chidinma Umahi and Shope Alexandra Ayinde were joined in holy matrimony at the Redeemed Christian Church of God (RCCG) Powerlink Chapel, Lekki Phase 1, Lagos.
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Shekina, a niece of the Honourable Minister of Works, Senator Engr. David Umahi, CON, is the daughter of Maj. Gen. (Rtd.) Pastor Obi Abel Umahi, DSc, OFR, while Shope is the son of Commodore NN (Rtd.) Deacon Adebayo Abidemi Ayinde.
The wedding brought together governors, senior government officials, lawmakers, business leaders, traditional rulers, captains of industry, family members and friends from across the country to celebrate the young couple.
The Honourable Minister of Works, who also serves as the Deputy Director-General of Infrastructure, Mobilization and Sensitization of the 2027 APC Presidential Campaign Council, Senator Engr. David Umahi, CON, was present at the ceremony to celebrate with his niece and the families of the newlyweds and was joined by the Governor of Lagos State, His Excellency Babajide Sanwo-Olu; Governor of Ogun State, His Excellency Dapo Abiodun, CON; and Governor of Abia State, His Excellency Dr. Alex Otti, who chaired the occasion.
In his opening remarks as Chairman of the occasion, Governor Alex Otti described marriage as a lifelong commitment and urged the newlyweds to embrace patience, understanding and tolerance as they begin their journey together.
With humour, the Abia State Governor stressed the permanence of marriage, telling the couple that they should approach their union with a strong commitment to making it work.
“I want to tell you in advance that I won’t be present and as such, I declare that this marriage is indissoluble,” he said.
In separate remarks, the parents of the bride and groom expressed gratitude and joy at witnessing the marriage of their children.
They praised Shekina and Shope for distinguishing themselves through their formative years and into adulthood, describing them as outstanding young people who had continued to make their families proud.
They prayed for God’s guidance, peace, happiness and prosperity in their marriage and wished them a fulfilling life together.
The Umahi family also formally welcomed the couple with the presentation of family gifts.
On behalf of the Umahi family, the Chairman of the Uburu Traditional Rulers Council, HRH Eze Laz Umahi, PhD, presented the gifts to the newlyweds.
The ceremony attracted a gathering of political leaders, statesmen and captains of industry.
Other governors present at the event included the Governor of Ebonyi State, Rt. Hon. Francis Nwifuru, represented by his deputy, Her Excellency Patricia Obila; Governor of Enugu State, His Excellency Peter Mbah, represented by his deputy, Barr. Ifeanyi Ossai; Governor of Kogi State, His Excellency Usman Ododo, represented by his deputy, Comrade Joel Oyibo; Governor of Edo State, Senator Monday Okpebholo, represented by the Commissioner for Public Safety and Security, Rt. Hon. Festus Ebea; and Governor of Anambra State, His Excellency Chukwuma Soludo, represented by the Commissioner for Information, Dr. Law Mefor.
Among the captains of industry, statesmen and
other distinguished personalities at the occasion were Mr. Tony Elumelu, Chairman of Heirs Holdings; Dr. Adebowale Adedokun, Director-General/Chief Executive Officer of the Bureau of Public Procurement; Admiral Alison Madueke, GCON, former Chief of Naval Staff; Mr. Oliver Alawuba, Group Managing Director of UBA, represented by Chidi Okpara; Prof. Patrick Utomi; Mr. Adebiyi Olalekan, Managing Director/Chief Executive Officer of Lorelei Construction Limited; Engr. Solomon Dacree; Ifeanyi Chukwuma Odii, Chairman of Orient Global Limited; Chief Ifeanyi Clement Okorie, Chairman of Rock Results Group; and Barr. Chioma Nweze, Senior Special Assistant to the President on Community Engagement (South East), among others.
The Ministry of Works was also represented at the ceremony, with the Minister of State for Works, Rt. Hon. Bello Goronyo; Senator Allwell Onyesoh, Chairman of the Senate Committee on Works; Hon. Akin Alabi, Chairman of the House Committee on Works; and Engr. Musa Saidu, Director of Highways, Bridges and Designs, among others, joining in the celebration.

Umahi, Sanwo-Olu
Other members of the Umahi family at the ceremony included HRH Eze Laz Umahi, PhD, Chairman of the Uburu Traditional Rulers Council; Barr. Roy Umahi, SAN, FCArb, of Roy and Associates; and Chief Austine Umahi (Anyanwu Igbo), Chairman of the Amino Kano University Board.
The wedding provided a memorable gathering of the two families, their friends and well-wishers, with guests celebrating the union and offering prayers and goodwill for a happy, peaceful and enduring marriage.
Francis Nwaze, FIPMD
Senior Special Assistant to the Honourable Minister of Works (Media)
Sunday 23, 2026
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Economy
Nigeria’s Diversity is Our Strengthen, Unity Must Remain Our Greates Asset, Says Minister Mohammed Idris
Nigeria’s Diversity is Our Strengthen, Unity Must Remain Our Greates Asset, Says Minister Mohammed Idris
The Honourable Minister of Information and National Orientation, Mohammed Idris, has described Nigeria’s diversity as a source of strength, urging citizens to promote unity and mutual understanding, noting that what binds Nigerians together is far greater than what divides them.
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Idris stated this on Friday, August 14, 2026, when he attended the wake-keep of the late Ukandi Placidus Ugar Ogar in Obudu, Cross River State, alongside family members, friends, and dignitaries, including the Deputy Governor of Cross River State, Rt. Hon. Peter Odey; former Governor of Cross River State, Senator Prof. Ben Ayade; Chief of Staff to the Governor of Cross River State, Dr. Emmanuel Ironbar; and the Cross River State Commissioner for Lands, Dr. Erasmus Ekpang.
The late Ukandi Placidus Ugar Ogar, who died at the age of 76, was an elder brother to Senator Ayade and Dr. Frank Ayade.
The Minister said the gathering reflected the richness of Nigeria’s diversity and the ability of citizens from different backgrounds to unite in solidarity.
“What I have seen today is the diversity of Nigeria and how it can be further harnessed to promote unity in this country. Nigerians from all walks of life are Nigerians first. Therefore, we must celebrate them wherever they are,” he said.
While expressing condolences to the bereaved family, Idris noted that the occasion also provided an opportunity to honour a life that fostered unity among people.
“It is a moment of sorrow that he has passed on, but also a moment of gratitude that he lived a worthy life, one that helped bring people together,” the Minister said.
He called on Nigerians to continue to promote unity and shared values, while leveraging the country’s diverse cultures and traditions as assets for national development.
“We must strengthen our unity, uphold our shared values, and also see our diversity as a resource that can contribute meaningfully to the growth of our economy,” he said.

Mohammed Idris
Idris reaffirmed that Nigeria’s strength lies in its people and their collective ability to rise above differences in pursuit of the common good.
Rabiu Ibrahim, mnipr
Special Assistant (Media) to the Honourable Minister of Information and National Orientation
Saturday, August 15, 2026
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Entertainment
EFCC FC Kano Wins Inter-Service Unity Cup, Defeats NAF FC 5-4
EFCC FC Kano Wins Inter-Service Unity Cup, Defeats NAF FC 5-4
EFCC Football Club, Kano, has emerged champion of the Inter-Service Unity Cup after defeating NAF FC 5-4 on penalties in a thrilling final held at the Sani Abacha Stadium, Kano.
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The match initially ended 1-1 after regulation time.
The tournament was organised by the Coalition of Military and Paramilitary Agencies in Kano.
Speaking during his opening remarks at the final, the EFCC Kano Zonal Director, who represented the Executive Chairman of the Commission, Mr. Ola Olukoyede, commended the organisers for bringing together various security agencies through sports.
“Unity is one of the fundamentals of law enforcement. Bringing ourselves together to have football and soccer events is one of the ways of building this unity,” he said.
The Zonal Director thanked the participating teams, service commanders and all attendees for finding time to share in the spirit of friendship and brotherhood. He also acknowledged the humility and character displayed by all players who reached the final stage, stressing that such values are integral to the ethos of the nation’s security services.
He reaffirmed the EFCC’s commitment to initiatives that promote unity, performance and cohesion among colleagues, friends, and brothers in service, and conveyed the Chairman’s appreciation for the invitation.

EFCC FC Kano
In addition to their football victory, the EFCC team also emerged champions in the tug of war challenge organised by the same coalition, which featured participation from agencies under the coalition.
The competition was held at the Sani Abacha Stadium on July 24, 2026, where the EFCC team won three battles on the same day, defeating the Nigerian Army, the Nigeria Police Force, and the National Drug Law Enforcement Agency (NDLEA).
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