News
Obazee, Banker Recounts Ordeal in Hands of EFCC

Sunny Obazee, an investment banker faced for seven years, humiliation, rejection and prosecution for alleged N855 million fraud at defunct Platinum and Habib Bank (PHB) which he joined as Divisional Director Investment Banking in December 2007.

Obazee was arraigned and tried by the Econonic and Financial Crimes Commission (EFCC) alongside Anayo Nwosu, Olajide Oshodi, Ashok Israni (Indian businessman), Sunny Obazee, Keystone Bank and NULEC Industries Limited on 13 counts of conspiracy, fraudulent diversion, obtaining under false pretences and theft before Justice Kudirat Jose of the Lagos High Court, Igbosere in 2011.
But on December 9, Justice Jose discharged and acquitted Obazee in a judgement that sent Nwosu, Oshodi and Israni to five years in prison each on seven counts; a fine of N20million to the federal government against Keystone Bank and Nulec Industries on three counts, as well as restitution of N395million to the victim of the fraud Chief Chukwudozie of Dozzy Oil and Gas.
For Obazee, the trial years were days of torture, emotional and psychological traumas especially because the fraud he was accused of started at least two years before he joined the bank.
“The mental torture was great. At a point, I had to file a case of breach of human rights against the EFCC because they were harassing and intimidating me with calls and intermittent detention after we had been admitted to bail.
“I have a boy and a girl and both were studying in Canada; all of us, including my wife, were broken down emotionally. In fact, one day in 2015, I put a call to my son and told him we would be going to court the following day and he told me that he was not feeling okay because he kept thinking about my ordeal.
“He said he could not move one of his legs and one arm. He was crying on the phone. He said he did not want to tell me about his situation so as not to compound my problem. I had to call my younger brother, who is a medical doctor in the United States to go and help check on him.
“The second day in court, I sat down weeping profusely and a lady lawyer in the EFCC team had to go and explain my situation to Rotimi Jacobs, the lead lawyer for the agency, who brought the matter to the attention of the court.
“The court magnanimously granted that I be allowed to go and see my boy. Only God helped me not to lose a boy who was close to finishing his university education over a case I knew nothing about. I would have lost Edosa over nothing.
“I was denied of my promotion, sacked and my official car collected. By the virtue of my position, the bank ought to give me two cars and a generator every four years, but before the trouble started, they only gave me one car and a generator. While they sacked me when I was still pursuing the matter, I wrote them on the need to reconcile what I need to get from them or return to them.
“They said they were coming to take the car and the generator and I was not at home the day they came, but they took away the car and said my dogs did not allow them to take the generator, only for them to later write that I am owing them N12 million for the generator.
“In the course of the trial, a friend recommended me to a British firm coming to Nigeria and who needed an investment banker.
“I met the officials and we discussed and I told them that I had an issue with EFCC and that I was sure I would come out unscathed when we departed, they never got across to me again. The EFCC stamped me with an indelible mark,” he told The Nation.
Genesis of the fraud
Israni, the owner of NULEC Industries Limited, had taken some loan from then-BankPHB and his debt rose to N130million around June 2007 and then he decided to raise capital for his company through Private Placement.
Consequently, the bank constituted a team to make a presentation to the authorities to be the Issuing House for the exercise and by then, Obazee had joined BankPHB and was leader of the team by virtue of his position.
A series of events followed the success of the bank in securing the mandate to be the Issuing House for the Private Placement exercise.
Obazee said: “NULEC gave us the mandate to be the Issuing House. I was not in Corporate Finance; the person who headed it was a Senior Manager. Also, the offer for the Private Placement was not underwritten by the bank. If that was the case, I would have been required to sign and the bank would have needed an Approval Memo, as that would mean we were exposing the bank to some risks.
“The document they produced said the transaction should be underwritten by the bank, but that was not done. I was not a signatory to the account and nobody in my division was. The allotment of the shares was done by the bank and I was not involved also. I did not ask anybody to falsify any report. We asked that a Reporting Accountant and a Solicitor be appointed for the transaction.
“The job of the Reporting Accountant was to verify the viability of NULEC Industries Limited and NULEC would do two or three years projection about its activities and what it wanted to use the funds for. In the course of the trial which lasted seven years, the Reporting Accountant gave evidence that NULEC was viable as of the time the money was given to it. “When we handled the offer, the company was not dead. I personally committed N5.7 million to the Private Placement. However, we all witnessed how the Capital Market crashed in 2009. A company, Dozzy Oil and Gas Limited, owned by one Chief Chukwudozie, committed the sum of N855 million to buy 600 million units of the shares at N5 per share.
“Other things being equal and in accordance with the regulations, if the shares were listed as planned, the company and its owners would have made N3billion from the sale of the shares and about N2 billion as profit. Unfortunately, the Capital Market collapsed.
“By the time the market collapsed, it affected a lot of things, even banks and BankPHB was not left out. Chukwudozie started making a demand for his money and some of my colleagues in the bank were being interrogated and probed by the EFCC.
“I came back from leave in 2011 and I was asked by the management to go to the EFCC office to explain myself. Before this time, some of my colleagues were already being investigated by the agency. It was at the EFCC office that I met Chukwudozie for the first time. I explained to him that the ugly development was as a result of the market collapse and I also invested some funds into the project and that if I did not believe it would work, I would not have done so.
“The next thing was that I was made to write a statement and asked a series of questions. I was now joined with those who had been under investigation for two years over the matter.
“I knew I was not involved in any criminal activity. Though I am from a humble background, my father, who worked in the palace of the Oba of Benin, wrote on the lintel of his house, in Bini Language, that good name is better than gold and silver and he inculcated that in his children.
“We were arraigned in 2011 and re-arraigned on 15-count amended charge in October 4, 2016. They still wanted to amend the charges again this year, but the court refused to entertain that.
“Each time they amended the charges, it was like starting all over again. I just wish the stain the trial put on me is removed. The establishment of the EFCC is laudable, but their activities must follow due process and based on facts.
“My son and daughter came all the way from Canada to be in court on the day of judgement because they know the type of father and parents they have. I am grateful to God that in the end I was vindicated,” he said.
News
FG Captures 32m Students DNEMIS ahead July 1 Rollout

Federal government has said that more than 32 million students have been captured on the Federal Government’s Digital National Education Information Management System (DNEMIS), ahead of the official launch of the platform on Wednesday, July 1.

The DNEMIS, is part of efforts to replace paper-based and fragmented education records with a single digital database.
Mr. Adebayo Onigbanjo, national project coordinator of the Special Programmes Operations and Implementation Unit in the Office of the Minister of Education, disclosed this on Monday in Abuja at a press conference.
Onibanjo said that the digital platform would transform education administration through technology and data-driven decision-making.
He said DNEMIS is the core platform of the Nigerian Education Data Infrastructure (NEDI), an initiative under the Nigeria Education Sector Renewal Initiative (NESRI), established to provide accurate, integrated and timely education data for planning, budgeting, policymaking and service delivery.
According to Onigbanjo, the platform replaces the fragmented data systems that have long constrained effective planning in the education sector.
“For many years, education planning relied on fragmented systems, inconsistent reporting structures and limited access to reliable data. DNEMIS changes that by ensuring that every learner, every school, every teacher and every investment in education is captured within a system that supports evidence-based decision-making,” he said.
He described education data as a strategic national asset, noting that the platform would strengthen transparency, accountability and governance across the sector.
Onigbanjo said the availability of reliable data would also support government efforts to tackle Nigeria’s out-of-school children challenge by enabling authorities to monitor enrolment, identify dropout patterns and target interventions where they are most needed.
“If you don’t measure, you can’t get a good sense of what the data is. Today, we already have 32 million students on the platform, and that gives us an indication of where learners are.
“We are also understanding their journey from when they start school and when they drop out. That gives us insight into their challenges and where investments need to go. Every school becomes visible, every student gets counted, every teacher is known, and every government expenditure in education becomes trackable. To a greater extent, this will stop wastage,” he said.
He added that the ultimate goal is to provide government with complete visibility into every learner’s educational journey, from enrolment through graduation, to improve learning outcomes and policy decisions.
Addressing concerns over data privacy, Onigbanjo said the platform was developed using globally recognised digital architecture with robust safeguards to protect personal information.
He explained that sensitive data would be masked while secure digital identity profiles would allow authorised users to access relevant information without exposing personal details.
Also speaking, Abubakar Isah, national coordinator, Nigerian Education Data Infrastructure (NEDI), said the system fully complies with Nigeria’s data protection regulations and international data security standards.
“We recognise the importance of data protection. We are complying with the country’s data protection rules and taking every necessary precaution to ensure that this data is secure,” he said.
Isah noted that while schools and state governments would have access to their respective data, communities, alumni associations and development partners would be able to access selected non-sensitive information to support school improvement and strengthen public accountability.
Earlier, Miss Mojoyin Adebajo, special adviser to the Minister of Education on Digital Communications and E-Learning, described DNEMIS as a major milestone in Nigeria’s digital education transformation.
She said the platform, developed on the globally recognised DHIS2 infrastructure, would digitise the Annual School Census and provide reliable information on schools, teachers, learners and education infrastructure across the country.
Adebajo added that Wednesday’s event would also witness the unveiling of the Public DNEMIS Portal, which will provide researchers, journalists, civil society organisations, development partners and members of the public with access to selected official education data through an interactive online platform.
She said the initiative underscores the Federal Ministry of Education’s commitment to promoting transparency, strengthening evidence-based planning and leveraging technology to improve educational outcomes nationwide.
News
Pay Your taxes for Me to Do More – Tinubu

President Bola Tinubu on Thursday urged Nigerians to pay their taxes, because the revenue is critical for his administration’s Renewed Hope Agenda to fund public infrastructure like roads, hospitals, and amenities across the country.

President Bola Tinubu
He spoke during the commissioning of interchange at Arterial Road N16 – Ring Road III Intersection linking Jahi District to Gwarimpa District of the FCT.
The project was among those earmarked to celebrate his third year anniversary and he was represented at the commissioning by Godswill Akpabio, Senate President.
He said: “I’m very proud to stand here to commission this Arterial road interchange N16 linking Jahi district to Gwarimpa District of the FCT.
“This is not just a bridge and slip roads, this is freedom of movement and time returned to the people, this is renewed hope that you can even drive on. This intersection used to choke the entirety of Abuja, gridlock stretched from Maitama to Gishiri, from Jahi to Gwarimpa; hours lost, fuel wasted, business were lost but today that story ends.
“This interchange opens up critical districts of the FCT and connects them smoothly to the rest of the FCT. Workers will get home earlier, security will improve because criminals strive when security stands still.
“Ladies and gentlemen, infrastructure is the foundation of prosperity which is the cardinal principle of this administration. Roads are the arteries of a nation, when we connect districts we connect destines and that is the logic of the renewed hope agenda, build the roads unlock the economy and let Nigerians strive.
“The Jahi-Gwarimpa interchange is prove that Nigeria is not beyond redemption. With focus, discipline, and political will, Nigeria will deliver and we are delivering, the FCT is delivering.”
The president also charged Nigerians and residents of the FCT to pay their taxes.
According to Tinubu, it would allow his administration to provide more infrastructural projects.
“Also pay your taxes and levies so that government can do even more for you,” he added.
News
MTN ASAP Enugu Stakeholders’ Conference Rallies More Action Against Youth Drug Abuse, Unveils N33Bn ASAP Impact

In a renewed push to confront the rising tide of drug abuse among Nigerian youth, stakeholders converged on Tuesday, June 9, 2026, at the ICC Dome, Enugu, for a State Stakeholders’ Engagement convened under the Anti-Substance Abuse Programme (ASAP).

The conference brought together government representatives, educators, development partners, and civil society actors to chart a unified path against substance abuse, with disclosures at the gathering revealing that an estimated ₦33 billion has so far been committed to developmental projects, programmes, and initiatives across the country, interventions that have impacted more than 33 million Nigerians directly and reached over 100 million through advocacy and awareness campaigns.
The Executive Governor of Enugu State, Barr. Peter Mbah, represented by the Secretary to the State Government, Prof. Chidiebere Onyia, commended the Foundation for its sustained investment in youth development and the fight against substance abuse.
He noted that the state’s transformation agenda is anchored in youth empowerment, education, healthcare, and human capital development – areas where the Foundation’s ₦33 billion commitment was already making a measurable difference.
“The MTN Foundation’s investment in youth development and the fight against substance abuse aligns directly with our administration’s transformational agenda. Initiatives like ASAP are exactly the kind of partnerships that move the needle on national development,” Prof. Onyia said.
He further urged other private sector players to emulate the Foundation’s example, stressing that the scale of Nigeria’s drug abuse demands sustained collaboration between government, the private sector, development partners, and civil society.
Addressing stakeholders, Odunayo Sanya, Executive Director of the MTN Foundation, said the Foundation, established in 2004 and fully funded by MTN Nigeria, was created to drive impact across health, capacity building, and economic empowerment, with deliberate focus on young people, who constitute the majority of Nigeria’s population.
She explained that the ASAP initiative, launched in 2019 in partnership with the National Drug Law Enforcement Agency (NDLEA) and the United Nations Office on Drugs and Crime (UNODC), was designed to reduce first-time drug use among young Nigerians through awareness campaigns and school-based interventions.
“We have reached over 50,000 students across the country and trained about 1,556 teachers as part of our efforts to create anti-drug ambassadors in schools and communities.”
“For us at the MTN Foundation, saving even one young person from substance abuse is a worthwhile achievement. The consequences go beyond the individual and affect families, communities, and the nation at large,” Odunayo said.
Looking ahead, she disclosed that the Foundation plans to reach more than 20,000 additional students in 2026 through expanded stakeholder engagements, school-based interventions, teacher training programmes, and community awareness campaigns.
She described substance abuse as a major threat to families, communities, and national development, stressing the urgent need for collective action to shield young people from addiction.
According to her, the Foundation’s mission is rooted not just in numbers, but in human outcomes – the lives, families, and futures it helps preserve.
The Executive Director, on her part, called on parents, educators, faith leaders, and community influencers to remain active partners in safeguarding the next generation from the dangers of substance abuse.
The intervention comes at a critical time. Fresh data presented at the conference indicate that over 360,000 youths in Enugu State – approximately 13.4% of the state’s young population – are actively involved in drug use.
Currently, the MTN Foundation (MTNF) and the United Nations Office on Drugs and Crime (UNODC) are conducting a comprehensive National Substance Use Survey to gather grassroots data on drug abuse, especially among secondary school students.
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