News
Officials, Bizmen Stole N1.4trn under OBJ, Yar’Adua, Jonathan

Itse Sagay, chairman, Presidential Advisory Committee Against Corruption (PACAC), has said that 55 top government officials and private businessmen in Nigeria illicitly diverted N1.35 trillion (about $7.5m then) between 2006 and 2015.
The period was during the administrations of former Presidents Olusegun Obasanjo, late Umaru Musa Yar’Adua and Goodluck Jonathan.
Sagay who made this known at the “Conference on promoting international co-operation in combating illicit financial flows and enhancing asset recovery to foster sustainable development,” at the State House Conference Centre, Abuja, yesterday, said corruption was impeding the country’s bid to meet its sustainable development goals.
He said that the funds looted during the period under review to 2015 was much more when fuel subsidy scams, billion-dollar arms purchase scams, hundreds of millions of dollars taken from the Nigerian National Petroleum Corporation (NNPC), by a former minister to bribe election officials in 2015, were taken into consideration.
He said one third of stolen funds could have provided 600.18 kilometres of road, 36 ultramodern hospitals per state, education for children from primary to tertiary level at the rate of N5.34 billion per child and 20,062 units of two-bedroom houses.
He also lamented that Nigeria had the largest number of incomplete projects.
According to Sagay: “Most of the financial assets stolen in Nigeria are taken out of the country as part of the illicit financial flow. The immediate impact is that Nigeria is deprived of the capacity to realise its sustainable development goals of the UN.
“These include no poverty (eradication of poverty), zero hunger (eradication of hunger), good health, quality education, clean water and sanitation, affordable clean energy etc.
“It is hard for any country to achieve that when it has looted 90 per cent or its resources and this hemorrhage is leaving our shores- underdeveloped world- to the developed world, developing them more while we are regressing.
“I have always said it, and you know Nigerians don’t like the truth, but this is the truth, give our elite an opportunity to do a project, vote money for that project, the first thing they do is divide that money amongst themselves. Nigeria has largest number of incomplete projects in this world. Many people just take the money and walk away in collusion with the ministries and agencies that awarded the contracts.
“Let me draw the connect between unrestrained looting and illicit financial flows. Most of the financial assets stolen in Nigeria are taken out of the country as part of the illicit financial flow. The immediate impact is that Nigeria is deprived of the capacity to realise its sustainable development goals of the UN officially known as transforming our world. These include no poverty (eradication of poverty), zero hunger (eradication of hunger), good health, quality education, clean water and sanitation, affordable clean energy etc.”
While declaring open the conference, Acting President Yemi Osinbajo called for heavy sanctions against banks and other financial institutions housing looted funds and aiding looters.
He said until that was done, Nigeria and other developing countries would not go far in the fight against corruption.
Osinbajo said for there to be collaboration there must first be connivance, urging that in the agreement and conventions that would be signed at the end of the three-day event, member countries must find a way to ensure that financial institutions were not given a free run, but held them accountable.
He charged developing countries to display the same outrage for drugs and terrorist financing for illicit financial flows, which he described as the worst crime against humanity.
“It took years for some people to agree that when somebody loot money where people make decent living, that is more dangerous than trafficking in drugs.
“It’s a good thing that we are here with our partners who agree that not only are these stolen assets criminalised but that they are returned to their appropriate owners.
“There is no way that transfer of these assets can happen without a handshake between the countries that they are transferred and the international banking institutions in the countries in which they are transferred; there is no way it will happen without some form of connivance.
“We have to look at somehow delegitimising those kind of financial institutions and criminalising them, so that banks and financial institutions that actually engage in this are being called out and made to face the consequences of engaging in criminal practices. If that isn’t done we are not likely to go very far.”
Osinbajo also noted that the Thebo Mbaki report showed that most of the illicit funds flow that come out of Africa are from Nigeria saying, “and that shows us very clearly, especially the security agencies, that we simply have to do more. It is evident that so much money is leaving our shores.”
News
Lagos Targets Vulnerable Residents in Expanded Social Register

Lagos State Government has intensified efforts to strengthen its social protection framework with a fresh push to update the state’s Single Social Register.

Babajide Sanwo-Olu, Governor, Lagos
This was contained in a press statement on the government’s Facebook page on Wednesday.
The initiative, led by the Lagos State Ministry of Economic Planning and Budget, formed the focus of a strategic engagement held on Monday with Community-Based Targeting teams, local government coordinators and field enumerators across the state’s 57 Local Government Areas and Local Council Development Areas.
The meeting, themed “Closing the Gap: Accelerating Lagos State Single Social Register Update,” took place at the Radio Lagos Multipurpose Hall in Agidingbi, Ikeja.
Officials said the exercise is aimed at improving the accuracy and reach of the register, which serves as a critical tool for planning and delivering targeted social interventions, including financial support, healthcare and education services.
Speaking at the session, Ope George, commissioner for Economic Planning and Budget, commended field workers for their commitment while urging them to scale up their efforts.
He called on participants to be “more intentional by intensifying their commitment,” reaffirming the government’s resolve to “continuously strengthen and refine the Register to reflect evolving realities.”
Also speaking, Olayinka Ojo, permanent secretary in the ministry, described the register as central to effective governance and service delivery.
She said “it remains a cornerstone for effective planning and delivery of social intervention programmes,” adding that the ongoing update is designed to “further enhance data reliability, coordination, and service delivery outcomes.”
Ojo noted that sensitisation efforts would be expanded across all councils to ensure wider inclusion of residents, stating that “the advocacy and sensitisation will scale throughout the 57 LGAs and LCDA to give more to Lagos residents.”
According to the government, the updated register is expected to expand access to social protection programmes and improve the targeting of interventions for the most vulnerable populations.
The engagement also provided a platform for stakeholders to strengthen collaboration, improve data quality and reinforce transparency in grassroots data collection.
The state government reiterated its commitment to leveraging accurate data and partnerships to drive inclusive development, reduce vulnerability and improve living standards across Lagos.
News
Study Shows 38% of Northern Women Lack Access to Financial Services

A new study by Bayero University, Kano, has found that 38 per cent of women in Northern Nigeria do not have access to financial services.

The study, carried out by the Aminu Kano Centre for Democratic Studies of the university, was supported by the Gates Foundation. It examined how social norms and behavioural factors influence financial inclusion across the 19 Northern states.
The report, titled “Understanding Influence and Behaviour in Northern Nigeria” and unveiled in Abuja on Wednesday, stated that while 52 per cent of women are financially served, only 45 per cent access formal financial services through deposit money banks, merchant banks, interest-free banks and microfinance institutions.
It stated that “38 per cent of women across the region lack access to financial services. “52 per cent of women are financially served, while 45 per cent access formal financial services through Deposit Money Banks, merchant banks, interest-free banks and microfinance institutions. An additional seven per cent utilise other formal non-bank financial products, including insurance services. ”
Speaking at the unveiling, the Director of Academic Planning at Bayero University, Prof. Yusuf Garba, who represented the Vice Chancellor, Prof. Haurna Musa said the research was designed to uncover why the region lags in financial access.
“This study, which started in 2024, aims to examine how social norms influence attitudes and behaviour of various groups across Northern Nigeria, particularly to find out why states in the region fall behind in access and use of financial services,” he said.
Garba explained that the research, conducted over 18 months, produced two volumes detailing how influence structures, trust hierarchies, gender norms, and religious considerations shape decisions around finance, health and education.
He added, “The report is structured into volumes to provide a unified explanation of how social norms, authority structure, and trust shape financial behaviour across Northern Nigeria.”
On the findings, the Principal Investigator, Prof. Ismael Zango, said the data aligns with figures from the National Bureau of Statistics, particularly on poverty and unemployment.
According to him, “unemployment in the region stands at about 37 per cent,” while “poverty levels average about 80 per cent across Northern Nigeria, with Sokoto State recording the highest rate at over 80 per cent.”
Zango stressed that addressing financial exclusion requires more than temporary interventions.
“Economic empowerment must go beyond token financial support,” he said, adding that “sustainable development requires equipping women and youths with relevant, market-driven skills.”
He cited women-led initiatives such as groundnut processing groups in Kebbi State and the Women in Agriculture programme in Kano State as practical models.
“These initiatives should be scaled up to bring more people into productive economic activities and reduce poverty,” he said.
In her remarks, the Chief Executive Officer of Enhancing Financial Inclusion and Advancement, Mrs. Foyinsolami Akinjayeju, described financial inclusion as both an ethical and economic imperative.
Akinjayeju called for stronger collaboration among stakeholders, including government, financial institutions and development partners, as well as policy reforms to address existing gaps.
“Everyone has a role to play, but commitment must come from the top,” she said.
The findings come amid growing concerns over low financial inclusion rates in Northern Nigeria, driven by poverty, unemployment, and entrenched social norms that limit women’s economic participation.
News
CISA Asks NDPC, Police to Act on Alleged Data Breach by NIPSS

Citizens Initiative for Safety Awareness (CISA), advocacy group focused on security, data protection, and counter-terrorism, has urged the Nigeria Data Protection Commission (NDPC) to provide an update on a petition alleging a cybersecurity breach and unlawful access to private communications involving officials of the National Institute for Policy and Strategic Studies (NIPSS).

Mr Chidi Omeje, national coordinator, in a letter dated April 10, 2026, observed no response from the commission so far.
Filed on July 1, 2025, by Mr Yushau A. Shuaib, the petition claims unauthorised access, interception, and use of private digital correspondence belonging to him and PRNigeria, his company.
The complaint named Barrister Nima Salman Mann, Rear Admiral Abubakar Abdullahi Mustapha, and Professor Elias Wahab concerning the alleged breach. Such incidents are outlined in the Nigeria Data Protection Act (NDPA) 2023, regarding data privacy, cybersecurity safeguards, and the protection of sensitive information.
CISA said if confirmed, the alleged actions contravene Nigeria’s data protection framework, with implications for data governance, safety of confidential media sources, and public trust in institutions.
It requests the NDPC to clarify the status of the probe, disclose any interim findings, and cite measures to prevent similar breaches.
The organisation believes the matter has evolved beyond an individual complaint, describing it as a test of the government’s commitment to enforcing its data protection laws, especially within ministries, departments, and agencies.
CISA also appealed to Tunji Disu, inspector general of Police, to order an investigation into the alleged cybercrime.
In a statement, Omeje criticised the “prolonged delay” by the Force Criminal Investigation Department (FCID) in acting on a petition submitted since June 2025.
The group said, despite “credible evidence,” the police had yet to invite or question the individuals mentioned. Pointing out that two of the officials share membership in the National Institute (mni) with the former DIG at the FCID, CISA raised concerns about a possible conflict of interest.
Omeje clarified that the petition was different from the civil suit at the Federal High Court over Mr Shuaib’s withdrawal from the NIPSS programme.
“An elementary legal principle holds that a civil suit cannot be a bar to criminal investigation or prosecution,” he noted.
CISA called on the police to act in accordance with due process, advising the authorities to uphold the rule of law and restore public confidence.
It contends that failure to act decisively could erode trust in law enforcement and reinforce perceptions of a two-tier justice system.
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