News
21 Bank Accounts Frozen by Abuja Court Over Alleged Money Laundering
A Federal High Court in Abuja has ordered the interim freezing of 21 bank accounts across multiple commercial banks over allegations of money laundering.
Presiding judge Emeka Nwite also directed the police to arrest the owners of the accounts.
The judge granted the order on Friday, January 3, following a motion ex parte marked FHC/ABJ/CS/1965/V/2024, filed by Ibrahim Mohammed, counsel for the Inspector-General of Police (IGP). The order mandates the banks to “issue details of the account package(s) and to place a post-no-debit (PND) on the accounts, disable the ATMs while allowing inflow into the said accounts” pending the conclusion of the investigation.
“I have listened to the submission of the learner counsel for the applicant and gone through the affidavit evidence,” Nwite stated. “I am of the view that the motion ex parte is meritorious. The application is hereby granted except that the period of the investigation can only last for a period of 90 days.”
The motion ex parte submitted by the IGP’s counsel argued that the accounts were under investigation for allegedly warehousing proceeds of unlawful activities or fraud.
“If there is any dealing with the accounts by way of withdrawal or transfer to another account by the person under investigation/investigator and the person that has absolute power to deal with the account, it will render nugatory any consequential order(s) which the court may make at the conclusion of this application,” Mohammed stated.
An affidavit attached to the motion, filed by Glory Ohio, a detective with the Nigeria Police Force (NPF) attached to the Force Criminal Investigation Department, outlined the details of the case. Ohio stated that the IGP had received a petition involving allegations of stealing and breach of trust, which preliminary investigations revealed to involve money laundering.
“That the complainant alleged that he needs a special purpose vehicle company to enable him to secure the contract with the Nigerian Navy, which led him to enter a joint venture agreement with the defendant, who has the company name Indetix Limited,” the affidavit reads. Ohio explained that the petitioner had been awarded a contract to supply ICT equipment and accessories, wooden canoes, outboard engines, inverter batteries, and firefighting equipment to the Nigerian Navy. Both parties reportedly opened a joint account with Zenith Bank, where they were signatories.
The affidavit stated, “That both parties concerned drafted a memorandum of understanding and a clause spelt the sum of 15% of the profit to be paid to the defendant and parties appended their signatures. The Nigerian Navy disbursed the contract sum in installments to be used in the execution of the contract.”
However, tensions arose when the complainant received a letter from the suspect proposing a revision of the initial agreement from 15% of the profit to 7.5% of the total contract sum. “The petitioner disagreed with the proposal and the new terms intended to be smuggled into the parties’ earlier agreement,” the affidavit continued.
The refusal allegedly led the suspect to send a “purported company resolution” to the bank, removing the petitioner as a signatory to the joint account, effectively making himself the sole signatory.
“That his act was motivated in furtherance of his clandestine motives to steal from the joint account, and he did steal money under the guise of the purchase of the board engine,” the affidavit alleged.
Ohio further claimed that the suspect transferred the contract sum from the joint account to various other accounts to disguise the origin of the funds.
“The purported money disbursed for the purchase of the engine board was later transferred back to the suspect via a different account from the joint account,” the detective added.
The affidavit concluded that intelligence reports indicated ongoing attempts by the suspects to withdraw or transfer funds from the accounts, emphasizing that without the court’s intervention, the investigation could be compromised. The case has been adjourned to April 3 for mention.
Oladipupo Adebutu, Peoples Democratic Party (PDP) governorship candidate in Ogun State, has alleged that all state governors in Nigeria are benefiting from and misappropriating local government allocations.
Oladipupo Adebutu
Adebutu made the remarks at the Ake Palace in Abeokuta during a meeting with the Egba Traditional Council, where he sought the support and blessings of traditional rulers for his governorship ambition.
He was accompanied by his running mate, Lateefat Sowunmi-Kolapo; the PDP senatorial candidate for Ogun Central, Iyabo Obasanjo; the Ogun State PDP Chairman, Abayomi Tella; and other party leaders and candidates.
Addressing the traditional rulers, Adebutu declared that granting full financial autonomy to local governments would be one of the defining policies of his administration.
“I will do something that will stun this nation and put us in the right direction. Local governments shall get their own money,” he said.
He added: “We must make sure we get local government autonomy. I have been reiterating to you that I, Oladipupo Olatunde, son of Adebutu, was at the National Assembly twice, and I can boast that I didn’t embezzle public funds. How many politicians can say this?”
Adebutu accused governors across party lines of diverting local government funds.
“It’s not a party thing. Both APC and PDP, all the governors are embezzling local government allocations. It’s not a secret,” he said.
He argued that local councils were able to deliver more development when they had greater control over their finances.
On infrastructure financing, Adebutu said governments must adopt new approaches rather than relying on borrowing.
“You don’t borrow money for infrastructure anymore,” he said, while promising to construct roads that would improve connectivity between Ogun State and Lagos.
In his remarks, Abayomi Tella, State Chairman of the PDP, lamented that the local government system in the state is in a state of collapse, recalling that as a former council chairman, he received N200 million as an allocation and used it to construct four roads within his local government.
He expressed concern that the current local government chairmen cannot point to any project of similar impact, attributing the situation to a lack of financial autonomy.
The PDP chairman said he strongly believes in Adebutu’s advocacy for local government autonomy, stressing that Adebutu is prepared and ready to lead the development of Ogun State.
Sowunmi-Kolapo, deputy governorship candidate, called on her kinsmen to support her political aspiration, noting that she has continued to support the development of Egbaland.
Also speaking, Iyabo Obasanjo, PDP candidate for Ogun Central Senatorial District, said that after leaving the APC following her unsuccessful governorship bid, she came to believe that Adebutu has the vision and political will to actualise her aspirations and manifesto for the people.
Obasanjo further noted that no political party has a more formidable team in Egbaland than the PDP, urging Egba monarchs to throw their weight behind the party in the interest of the people.
In his welcome address, the Alake and Paramount Ruler of Egbaland, Oba Adedotun Aremu Gbadebo, described Adebutu as “trustworthy and reliable,” declaring his support for the party’s flag bearer ahead of the 2027 governorship election.
The Alake recalled his long-standing relationship with Adebutu’s father and expressed confidence in Adebutu’s character and leadership qualities.
“The son of a lion must resemble the lion. In fact, he is an even better version of his father,” Oba Gbadebo said.
Federal high court in Abuja has ordered the final forfeiture of N941,994,079.86 linked to suspected ghost workers uncovered in the integrated payroll and personnel information system (IPPIS) to the federal government.
IPPIS is a centralised payroll system the federal government introduced to manage the salaries of federal public sector employees.
Binta Nyako, presiding judge, gave the order following an application filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
“That an Order is hereby made for the Final Forfeiture to the Federal Republic of Nigeria the Sum of N941,994,079.86 seized during investigation into the IPPIS Payroll scam in the year 2024,” Nyako ruled.
Okor Odey, ICPC spokesperson, announced the forfeiture in a statement issued at the weekend.
The ICPC spokesperson said investigations by the commission uncovered “large-scale payroll fraud involving hundreds of non-existent public servants, with a total sum of N941,994,079.86 traced to accounts linked to the scheme”.
Odey said a review of the IPPIS conducted in 2023 revealed the “existence of numerous “ghost workers” embedded within the payrolls of several Ministries, Departments and Agencies (MDAs)”.
According to him, following the findings, President Bola Tinubu approved a “comprehensive audit” of the IPPIS.
He added that a joint investigation between the ICPC and the office of the accountant-general of the federation in April 2025 led to the discovery of 587 suspected ghost workers on the IPPIS platform.
“Investigations revealed that fictitious IPPIS identities had been created for non-existent personnel across multiple MDAs, with salaries paid over extended periods into accounts belonging to individuals and companies,” Odey said.
“In many cases, the account names did not correspond with those of the purported employees, while some accounts received multiple salary payments simultaneously.”
The ICPC spokesperson said the agency placed post no debit (PND) restrictions on all identified accounts to freeze the funds suspected to be proceeds of fraud.
He said the affected MDAs include the Nigeria Police Force (NPF), federal ministries of defence, education, agriculture and rural development, works, water resources, and interior.
Others are National Board for Arabic and Islamic Studies, University of Benin, University of Calabar, University of Nigeria, Nsukka, University of Maiduguri, Ahmadu Bello University, Zaria, and the office of the accountant-general of the federation.
The ICPC spokesperson said 120 civil servants were cleared after their identities and employment status were confirmed following a verification exercise in 2025.
He added that 467 bank accounts remain linked to unverified individuals with holders yet to be identified.
He noted that the N941.9 million currently frozen in the 467 bank accounts has been forfeited to the federal government.
He disclosed that the agency published the names of the 910 individuals suspected to have benefited from the purported fraud in two national dailies on March 18, 2026.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced the Blue Economy Accelerator Programme, a strategic initiative designed to identify, nurture, and accelerate innovative startups that will contribute to the sustainable growth of Nigeria’s marine and blue economy.
The Blue Economy Accelerator Programme is aimed at attracting young, vibrant minds with innovative ideas capable of transforming Nigeria’s maritime ecosystem.
Dr. Dayo Mobereola, Director-General of NIMASA, said that through the initiative, participants will receive structured business development support, industry mentorship, and technical guidance to convert promising concepts into viable ventures that address critical challenges and opportunities within the blue economy.
“The programme reflects NIMASA’s commitment to supporting the implementation of the vision of the Federal Ministry of Marine and Blue Economy in unlocking the immense potential of the blue economy by empowering young innovators, entrepreneurs, and technology-driven enterprises. We at NIMASA want to provide a platform for investors to identify young talents and invest in them”.
Mobereola, who commended the Minister of Marine and Blue Economy, Adegboyega Oyetola for codifying the Marine and Blue Economy Policy as a clear roadmap for the sector’s development, urged young Nigerians to embrace the programme which has the potential to transform raw talents into big investments in the maritime sector.
Applications are open to startups and innovators developing solutions across several strategic sectors, including marine waste management and the blue circular economy; aquaculture and sustainable fisheries; maritime technology and logistics innovation; ocean energy including wave, tidal, and offshore renewable energy; marine tourism and coastal recreation; marine biotechnology such as, ocean data and analytics; green shipping, including vessel decarbonization; smart port solutions; autonomous marine vehicles; biofouling prevention technologies; and coastal resilience through nature-based coastal defencesolutions.
The first phase of the programme is expected to attract a minimum of 150 high-quality applications from within and outside the country provided they are Nigerian citizens.
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