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Dramatic U-turn! EFCC Reduces N1B Subsidy Charges Against Abdulai Alao To N116M

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A funny episode is playing out at the court of law over the dramatic twist by the Economic and Financial Crimes Commission to reduce the One Billion Four Hundred and Seventy One Million Nine Hundred and Sixty Nine Thousand Sixty Hundred and Forty Three Naira Thirty One Kobo oil subsidy theft charge against the son of late islamic cleric, Alhaji Abdulazeez Arisekola Alao, Abdulai to One Hundred and Sixteen Million Naira for lack of substance.

Information pieced by Papermacheonline revealed that the anti corruption agency’s triumph in the celebrated cases of oil theft that became public knowledge some years ago was reduced to mere figment by the report of a private forensic firm which faulted most of the allegations by the EFCC against the Axx Energy boss and the confession of a major witness who claimed he was made to bear witness against Abdulai under duress.

A report by a daily newspaper, Daily Independent also lend credence to the dramatic turn of events where the prosecuting agency could not provide solid evidence to back up the charges against Abdulai.

A part result by the prosecution witness, Okechukwu Opo alleged he was threatened by the EFCC to deny his earlier statement that he indeed signed the Empty Tank Certificate of MT Brave Vessel.

Mr Opo, a surveyor at the General Marine Oil Services gave details of how he was intimated by the EFCC to give a false report that he didn’t sign the Empty Tank Certificate.

A source within the commission disclosed to papermache that ‘Abdulai is just a victim of circumstance and a fall guy used to cover up the dirty deals of other influential individuals who are the principal actors in the oil subsidy case’.

The new development in the case of Abdulai was said to have raised the hopes of others who claimed they had been wrongfully accused and suffered similar fate as Abdulai.

The emerging fresh facts bring a little succor to Abdulai and his counsels who have been putting up a good show at the court to establish his innocence.

The vilification and humiliation he had suffered in the wake of the oil subsidy scandal is likely to be over if his counsels can further convince the court of the faulty charges against him.

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Ajimobi’s Eldest Child, Bisola Dies In The UK

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Late Governor Ajimobi’s first child, Bisola is dead!

 

News filtered in early Thursday, March 27, 2025 that Bisola,42 died after a brief illness in the United Kingdom.

 

The late woman before her death was the special adviser to the Minister of Budget and Planning, Atiku Bagudu.

 

Married to Kolapo Kola-Daisi, their marriage is blessed with three children.

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EFCC Arrests Top Businesswoman, Aisha Achimugu

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The Economic and Financial Crimes Commission (EFCC) recently arrested prominent businesswoman and socialite, Aisha Achimugu, following allegations of fraudulent activities related to a multi-million-naira contract awarded to her company by a South-West state.

Achimugu, who serves as the Chairman of Bluewave Exploration and Production Limited, was detained last weekend after a civil society group filed a petition accusing her of involvement in dubious dealings concerning the contract. She was granted bail the following day but has been instructed to return for further questioning in the coming week.

Beyond her corporate endeavors, Achimugu is well-known in elite circles across Lagos and Abuja. Her social media presence showcases a lavish lifestyle, featuring exotic vacations, exclusive yacht parties, and private jet travels.

This arrest marks a significant challenge for Achimugu, whose business empire and social standing are now under intense public scrutiny. The EFCC’s investigation is ongoing, and the outcome may have far-reaching implications for her career and reputation.

A source hinted that Achimugu was asked by the commission to report back on the 30th of March,2025 for further questioning.

Not really bothered by the investigation, the billionaire days after her arrest launched a 30-day feeding Ramadan programme where she targets the less-privileged.

 

Additional Information- Streetjournal Magazine

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Obasa Missing as Lagos Assembly Sits, Lauds President Tinubu

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The Lagos State House of Assembly convened for a crucial legislative session yesterday, but an unexpected absence stole the spotlight, the ousted Speaker Mudashiru Obasa was nowhere to be seen. The sitting, which focused on key legislative matters and a commendation of President Bola Ahmed Tinubu’s leadership, went on without Obasa, raising eyebrows among lawmakers and political observers alike.

New Speaker Mojisola Meranda presided over the proceedings, ensuring the session ran smoothly. During deliberations, the lawmakers took turns applauding President Tinubu for his strides in governance, particularly his economic and infrastructural policies aimed at revitalizing Lagos and Nigeria as a whole. However, whispers about Obasa’s absence could not be ignored.

Sources within the Assembly remained tight-lipped on the reason for his nonappearance, fueling speculation.

As lawmakers dispersed after the session, the big question lingered where was  Obasa? For now, the mystery remains, but all eyes will be on the next sitting to see if the seasoned politician resurfaces.

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