News
Reps Deny Allegations As Binance Executive Accuses Nigerian Lawmakers Of $150M Bribe Demand
Reps Deny Allegations As Binance Executive Accuses Nigerian Lawmakers Of $150M Bribe Demand
Reps deny allegations as Binance Executive accuses Nigerian Lawmakers of $150M bribe demand. Tigran Gambaryan, Head of Financial Crime Compliance at cryptocurrency firm Binance, has accused three Nigerian lawmakers of demanding a $150 million bribe while he was in detention.
Gambaryan, who spent eight months in custody over alleged money laundering charges, claimed that members of the House of Representatives—Philip Agbese, Ginger Onwusibe, and Peter Akpanke—sought the payment in cryptocurrency.
Taking to his verified X handle, he alleged that the meeting was staged with fake cameras, adding that the lawmakers insisted Binance comply with their demands.
However, Agbese, who also serves as Deputy Spokesman of the House, dismissed the claims as false, challenging Gambaryan to provide evidence or risk legal action.

Reps
“I have never used cryptocurrency, nor do I own a crypto wallet. Gambaryan should retract his claims within seven days or face legal consequences,” Agbese stated.
Onwusibe, Chair of the House Committee on Anti-Corruption, declined to comment, citing ongoing legal proceedings, while efforts to reach Akpanke were unsuccessful.
Economy
Okpebholo Threatening Me With Violence, I’ll Fight Back Says Obaseki
Okpebholo Threatening Me With Violence, I’ll Fight Back Says Obaseki
Okpebholo threatening me with violence, I’ll fight back says Obaseki. Godwin Obaseki, the immediate past governor of Edo, has accused Monday Okpebholo, his successor, of threatening him with violence. Obaseki spoke during the weekend at an event in London, the United Kingdom.
BACKGROUND
Since assuming office in November 2024, Okpebholo has initiated a series of actions aimed at scrutinising Obaseki’s tenure.
He first constituted a 14-member committee to investigate the assets, liabilities, contracts, and financial decisions made under Obaseki.
Okpebholo then expanded the scrutiny to the state civil service, ordering a probe into all recruitments conducted between May and November 2024, alleging a violation of due process.
Last week, Okpebholo asked the federal government to repatriate Obaseki to answer questions over public funds linked to the controversial Museum of West African Art (MOWAA) project.
‘OKPEBHOLO THREATENING ME’
Obaseki said the governor is threatening him with violence and allegedly sent thugs to attack him in the UK.
“Those who live by the sword will die by the sword,” Obaseki said. “And to tell the governor, Okpebholo, I don’t know him; I have never met him. When you start with violence, you will reap violence.
“For one year since I left office, I didn’t say one word. I decided to respect myself and allow them to try [in governance] as well. Go and find out, you won’t see one thing I said about his government.”
He accused Okpebholo’s government of being behind the attack on diplomats during the exhibition in MOWAA.
“As if that was not enough, the government paid people to come to Manchester to attack me,” he said.
“Who has started this violence? Is it me? Last week, this governor held a disgraceful press conference in which he threatened me not to come to Benin.

Obaseki
“They have been threatening violence. So if I respond, nobody should hold me responsible. “I can’t leave myself empty to be hurt and attacked by deranged people.
“So I am going to fight back. I will fight back. I didn’t start the fight. They are afraid. They know they did not win the election.”
Crime
Ex-VP Atiku Demands Independent Probe Of N17.5tn For Pipeline Security
Ex-VP Atiku Demands Independent Probe Of N17.5tn For Pipeline Security
Ex-VP Atiku demands independent probe of N17.5tn for pipeline security. Former vice president Atiku Abubakar has called for an independent forensic audit of N17.5 trillion for the securing fuel pipelines and other related issues.
The former vice president, who described the figure as one of the most brazen financial scandals in the nation’s history, also called on the federal government to publish the full list of companies awarded these contracts.
Atiku, in a statement, also said the scope, deliverables, and duration of each contract should be disclosed just as further disbursement must be halted until accountability is established. He also charged the governor to explain to Nigerians how this expenditure aligns with national priorities at a time of unprecedented economic strangulation.
The former vice president was reacting to a report that the Nigerian National Petroleum Company Limited (NNPCL) spent N17.5 trillion in just 12 months on “securing fuel pipelines and others.”
Reacting, the former vice president, while questioning the figure, said Nigeria spent roughly N18 trillion on fuel subsidy over a period of 12 years in a national programme that directly cushioned millions of Nigerians, stabilised the transport sector, and helped keep food prices manageable.
He however said under President Bola Tinubu, the country has now expended nearly the same amount in a single year on the same subsidy and opaque pipeline security contracts awarded to private firms tied to associates and cronies of the President.
Likening the president’s action to robbing Peter (Nigerians) to pay Paul (cronies), Atiku noted that it is not governance but a grand larceny dressed as public expenditure. “The Tinubu administration justified the removal of fuel subsidy by claiming the country could no longer afford it. Nigerians were told to tighten their belts, endure hardship, and “make sacrifices.”
“However, the same administration has now channelled ₦17.5 trillion — an amount that could transform Nigeria’s power sector, rebuild our refineries, or fund universal healthcare — into opaque security contracts whose beneficiaries are conveniently linked to those in power.
“In some places in the country, a litre of PMS goes for over N1,000 and the justification for this by the Tinubu administration is the wholesome removal of subsidy, yet according to the records provided by the NNPCL, this same administration has spentN7.13tn on what it calls, “energy-security cost to keep petrol prices stable”; another N8.67tn on what it calls “under-recovery.”
These two balablu nomenclatures: energy-cost and under-recovery are a new coinage of the Tinubu administration to deceive Nigerians on the government’s fraudulent claim that it was no longer paying subsidies on petroleum products.”
He further raised some posers for the Tinubu administration: “Who are the companies paid under these contracts? “What specifically justifies a 38.7 percent rise in the amount of energy-cost from N6.25tn in 2024 to N8.67tn in 2025?
“Why is pipeline security now more expensive than a decade-long subsidy that served over 200 million Nigerians? “Where are the audit reports, parliamentary oversight findings, and cost-validation documents?”
The former vice president said no administration that presides over this level of fiscal recklessness has the moral authority to demand sacrifice from its people.
He added that the Nigerian public cannot continue to suffer crushing inflation, punitive fuel prices, an unending collapse of the naira, and widespread hunger — only for a select circle of political allies to pocket trillions under the guise of “pipeline security.”
“This scandal confirms what Nigerians already know: the Tinubu administration did not end subsidy — it merely redirected public wealth from the entire nation to a privileged cartel anchored around the Presidency. “The government must, without delay: Publish the full list of companies awarded these contracts;
“Disclose the scope, deliverables, and duration of each contract.

Atiku
“Subject the entire ₦17.5 trillion expenditure to an independent forensic audit; Halt further disbursement until accountability is established. “Explain to Nigerians how this expenditure aligns with national priorities at a time of unprecedented economic strangulation.”
He said Nigerians deserve transparency, not deceit, adding that leadership isn’t about cronyism. He stressed that Nigerians deserve a government that places national interest above private enrichment.
“This ₦17.5 trillion pipeline-security expenditure is not merely a financial anomaly — it is a moral indictment on the Tinubu administration and a clarion call for full accountability,” he said.
News
Army Chief Pledges Support For Wounded-In-Action Soldiers
Army Chief Pledges Support For Wounded-In-Action Soldiers
Army chief pledges support for wounded-in-action soldiers. The chief of army staff, Waidi Shaibu, on Sunday assured wounded-in-action soldiers of the best medical care.
The chief of army staff, Waidi Shaibu, on Sunday assured wounded-in-action soldiers of the best medical care, saying that their sacrifices to the nation would never be in vain.
The chief of administration at the army headquarters, Isah Abdullahi, delivered Mr Shaibu’s message to the wounded-in-action soldiers during a working visit to the 44 Nigerian Army Reference Hospital in Kaduna.
Mr Abdullahi said, “This visit serves as an assessment to evaluate the 44 Nigerian Army Reference Hospital, regarded as a flagship facility of the Nigerian Army.
“Last week, upon his assumption of duty, I visited this hospital to assess its operations and, most importantly, to meet with the wounded-in-action soldiers from our ongoing operations.
“Following that visit, I was directed as the chief of administration to follow up and evaluate the conditions of these soldiers and identify the challenges the hospital faces, aiming to address those issues for the improvement of the facility.”
He added, “During my visit, I interacted with the wounded-in-action soldiers and conducted a tour of the facility. It’s evident that this hospital has undergone a significant transformation, representing a complete paradigm shift from its previous state.”
According to him, the hospital had served not only military personnel but also civilians from Kaduna and beyond, making it a true centre of excellence in medical care.

Army
“Much has improved here, and we hope this visit will contribute further to the progressive development of the facility.
“Our goal is to ensure that the hospital continues to play a critical role in meeting the health needs of both military personnel and civilians,” Mr Abdullahi explained.
He reminded the wounded-in-action soldiers that their sacrifices for the nation were deeply appreciated, adding that the military authorities were committed to ensuring that their sacrifices were not in vain.
“We will do everything possible to guarantee that they receive the best medical care, with the intention of returning them to their duty posts as swiftly as possible,” Mr Abdullahi said.
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