News
SUBEB: Governor Umo Eno Releases ₦5.9bn For Basic Education Reforms
SUBEB: Governor Umo Eno Releases ₦5.9bn For Basic Education Reforms
Following Governor Umo Eno’s approval, a series of strategic reforms aimed at strengthening basic education, including the introduction of a new curriculum, recruitment of additional teachers, and a multi-billion naira infrastructure intervention, is underway in Akwa Ibom State.
The Chairman of the State Universal Basic Education Board (SUBEB), Rt. Hon. Anietie Etuk, PhD, announced this during a press briefing held at the State SUBEB Headquarters in Uyo.
He revealed that the Governor has approved and released ₦5.9 billion for 2025 and 2026 intervention projects, emphasizing a shift from partial renovations to a more comprehensive approach.
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“Intervention will no longer be piecemeal. When we go to a school, we will handle it holistically: classrooms, water, toilets, electricity, and everything required to make the environment suitable for learning,” he explained.
Hon. Etuk, however, expressed concern over rising cases of vandalism and theft of school facilities, calling on host communities to take ownership of government investments.
“Government cannot continue to commit huge resources only for facilities to be vandalised. Communities must take responsibility for protecting what is provided for them,” he warned.
He outlined ongoing efforts by the board to improve teaching standards and create a more conducive learning environment for pupils across public primary and junior secondary schools.
A key highlight of the briefing was the planned rollout of a new curriculum for primary schools, which the Chairman described as a long-overdue development that will significantly enhance the quality of education in the state.
“For many years, this has not happened. With the new curriculum, we will be able to add value to teaching and learning in our schools,” he said.
Addressing the issue of manpower, the SUBEB Chairman disclosed that the state government has approved the recruitment of 1,000 additional teachers to tackle the shortage currently affecting schools, noting that priority will be given to ICT and computer science graduates in order to strengthen digital education.
“We do not have enough teachers in our schools. Therefore, we appealed to the Governor, and he has graciously approved the recruitment of 1,000 teachers. We are paying attention to ICT teachers because we already have computer labs that require qualified personnel,” he stated.
He also highlighted disputes between communities and school authorities over school lands, noting that such conflicts are negatively affecting school administration and student enrollment. He urged community leaders and School Management Committees to support, rather than hinder, the smooth operation of schools.
While appreciating the state government’s commitment to education, the education administrator stressed that strong foundational learning remains critical to overall development.
“If the foundation is not strong, nothing can function properly. That is why we must continue to invest in basic education,” he added.
Eno
Also speaking at the briefing, the Chairman of the Nigeria Union of Journalists (NUJ), Mr. Nsibiet John, commended Governor Umo Eno for prioritizing education, particularly the approval for teacher recruitment.
“The employment of over 1,000 teachers is a major step forward, especially for schools in rural communities, and will go a long way in strengthening basic education delivery,” he said.
He further called for strengthened Parent-Teacher Associations (PTAs) and urged SUBEB to extend intervention efforts to schools facing infrastructure challenges, including QIC Primary School in Eket Local Government Area.
The SUBEB Chairman reaffirmed the board’s commitment to sustaining reforms, assuring that ongoing initiatives will significantly improve the standard of basic education and provide better learning outcomes for pupils across the state.
EFCC Arraigns ALSCON, Director for Alleged N582.43m Money Launderin
The Economic and Financial Crimes Commission, EFCC, on Monday, October 12, 2026, arraigned Aluminium Smelter Company of Nigeria, ALSCON, plc, and its Director, Zavyalov Dmitry, before Justice O. A. Egwuatu of the Federal High Court, Abuja, for alleged money laundering offences involving N582,430,250.00 (Five Hundred and Eighty-Two Million, Four Hundred and Thirty Thousand, Two Hundred and Fifty Naira).
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The company and its director were arraigned on a six-count amended charge, marked FHC/ABJ/CR/644/2025. Dmitry is said to be at large.
According to the charge, the company, a Designated Non-Financial Business and Profession, DNFBP, and Its Director, Dmitry, failed to report in writing to the Special Control Unit against Money Laundering (SCUML) single transfers made from the company’s account between March and July 2024, as required under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022.
The transfers include N147,515,050.00 in March 2024, N156,026,860.00 in April 2024, N121,425,200.00 in May 2024 and N127,338,190.00 in July 2024, all paid to UDATSON NIGERIA. Others are N15,124,950.00 paid to Urico Global Services in April 2024 and N15,000,000.00 paid to one Christopher Azogu in June 2024.
Count one reads: “That you, Aluminium Smelter Company Of Nigeria Limited, plc, a Designated Non-Financial Business and Profession (DNFBP) and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in March, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N147,515,050.00 (One Hundred and Forty Seven Million, Five Hundred and Fifteen Thousand, Fifty Naira) paid into UDATSON NIGERIA from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under Sections 11 (3), 19(2) (b), and 22 of the same Act.”
Count two: “That you, Aluminium Smelter Company Of Nigeria, plc, a. Designated Non-Financial Business and Profession (DNFBP) and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in April, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N156,026,860.00 (One Hundred and Fifty Six Million, Twenty Six Thousand, Eight Hundred and Sixty Naira) paid into UDATSON NIGERIA from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under Sections 11 (3), 19(2) (b), and 22 of the same Act.”
Count four of the charge sheet reads, “That you, Aluminium Smelter Company Of Nigeria Plc, a Designated Non-Financial Business and Profession and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in May, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N121,425,200.00 (One Hundred and Twenty One Million, Four Hundred and Twenty Five Thousand, Two Hundred Naira) paid into Udatson Nigeria from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under sections 11 (3), 19(2) (b), and 22 of the same Act.”
EFCC
Lead counsel to the EFCC, Ekele Iheanacho, SAN, told the court that the offences are punishable under sections 11(3), 19(2)(b) and 22 of the Money Laundering (Prevention and Prohibition) Act.
When the charges were read, the company’s Acting Managing Director, Ime Monday Inyang, pleaded not guilty to all six counts on its behalf.
Counsel to the company had asked the court to quash the charges, claiming that the company was innocent of the charges.
In view of the plea, Justice Egwuatu adjourned the matter to January 27, 2027 for commencement of trial.
Dele Oyewale
Head, Media & Publicity
October 12, 2026
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News
Taiwo Oyedele, Cardoso Meet World Bank President Banga on Nigeria’s Shift From Stability to Growth
Taiwo Oyedele, Cardoso Meet World Bank President Banga on Nigeria’s Shift From Stability to Growth
Bangkok, 12 October 2026. The Honourable Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, Olayemi Cardoso, met the President of the World Bank Group, Ajay Banga, on Monday. The meeting took place on the sidelines of the 2026 IMF and World Bank Group Annual Meetings in Bangkok, Thailand, where Oyedele leads Nigeria’s delegation.
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The meeting reviewed Nigeria’s reform progress and the next phase of its agenda: turning macroeconomic stability into faster growth, more private investment and stronger domestic revenues.
Banga commended the progress of Nigeria’s reforms. He pointed to the rise in private capital inflows from about $300 million in 2023 to nearly $6 billion in 2026, a twentyfold increase.
Oyedele highlighted the rising economic growth and noted that Nigeria’s tax-to-GDP ratio rose from about 7 per cent to 12.5 per cent over the same period. This gives the government more room to fund public investment without resorting to deficit monetisation.
The meeting discussed how Nigeria can make greater use of World Bank guarantee instruments. These guarantees can unlock financing for infrastructure and draw more private capital into the domestic market.
Power infrastructure and human capital were identified as priorities for continued public investment, given their importance to business competitiveness, productivity and job creation. The meeting also stressed the quality of public spending, so that each naira delivers measurable economic and social returns.
Taiwo Oyedele, Cardoso
The meeting is part of the Federal Government’s wider engagement with development partners to lock in reform gains and attract new investment. As Nigeria moves from stability to growth, the priority is to turn stronger fundamentals into productive investment, more jobs and better living standards for Nigerians.
Efe Ovuakporie
Head of Media
Federal Ministry of Finance
12 October 2026
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High Court Dismisses Aisha Achimugu’s Fundamental Rights Suit Against EFCC
Justice M.S. Liman of the Federal High Court sitting in Abuja has dismissed a fundamental human rights suit filed by Abuja-based businesswoman, Aisha Achimugu against the Economic and Financial Crimes Commission, EFCC.
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In the originating suit no : FHC/ABJ/CS/466/2026, Achimugu approached the court for determination of whether the defendant, EFCC’s action of searching her house and seizing her cars and jewelries and other items was within the powers of the Commission.
Achimugu also asked the court to enforce her rights to privacy, including an order of the court restraining the defendant from threatening or harassing and invading her private residence.
Part of her claim was for the court to award a N10,000,000,000 (Ten Billion Naira) damage against the EFCC for what she described as invasion of her privacy.
Delivering judgment in the suit on Monday, October 10, 2026, Justice Liman dismissed the suit and held that the defendant has the power to search the plaintiff’s property after receiving intelligence on the alleged criminal activities of the plaintiff. “EFCC has the right to search the residence,” he said.
The judge said that Achimugu and her legal representatives failed to show reason to warrant the kind of damage she demanded from the EFCC and equally dismissed the request for N10 billion damages.
On the whole, Justice Liman agreed that there was nothing that should have stopped the EFCC from carrying out its statutory duties. The court therefore held that the matter lacked merit and was dismissed because “ it is frivolous and it was brought in bad faith”. The damage she sought was also denied.
Federal High Court
Reacting to the judgment, counsel to the EFCC, Emenike Mgbemele said the judgment was in the interest of justice, adding that the suit was a ploy to waste the time of the court.
Dele Oyewale
Head, Media & Publicity
October 12, 2026
Eereporter.com
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