News
Diezani Lavishes $144m on Yacht, Artworks- US
Mrs. Diezani Alison-Madueke, former minister of Petroleum Resources, allegedly laundered about $144m, using part of the funds to purchase a yacht, landed properties, furniture and artworks, according to the United States of America.
According to the US, while she held sway as the Nigerian petroleum minister, Diezani, who was otherwise known as “the Madam” or “Madam D,” led “a lavish and privileged lifestyle,” spending “more than one million dollars on furniture, artwork, and other furnishings purchased within the Southern District of Texas, and shipped, in part, to London and Abuja, Nigeria.”
These were contained in a 91-page “verified complaint” filed by the US Government before the US District Court, Southern District of Texas, Houston Division, where it is seeking an order to forfeit funds and assets worth $144m linked to Diezani.
The US, in the “verified complaint” signed by a special agent with the Federal Bureau of Investigation, Elizabeth Crispino, said Diezani allegedly acquired the assets with kickbacks from “an international conspiracy to obtain lucrative business opportunities in the Nigerian oil and gas sector.”
The assets, the US stated, were acquired between April 2010 and May 2015 when Diezani was “overseeing Nigeria’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC).”
Among the properties, which the US now seeks to be forfeited, are a 65-metre motor yacht, named M/Y Galactica Star; two properties known as 807 and 815 Cima Del Mundo Road, Montecito, Calif; as well as funds in a couple of companies.
The US stated that Diezani, with the help of and in conspiracy with two Nigerian businessmen, Kolawole Akanni Aluko and Olajide Omokore, “laundered the proceeds of the illicit business opportunities into and through the United States.”
In the court processes obtained by our correspondent on Tuesday, the US detailed, using tables, the “living and lifestyle expenses for Alison-Madueke.”
One table, tagged, ‘Rental Payments,’ showed how Aluko and his company, Tracon Investments Limited, helped Diezani to make a total of at least £537,922 in rental payments for two central London residences both located at 22 St. Edmunds Terrace, London NW8 7QQ, where Diezani and her mother stayed between August 2011 and January 2014.
Another table, tagged, ‘Transportation Services’, showed how Aluko and his beneficially-owned company, TENKA, helped Diezani to make at least £393,274.32 in payments to a car hire company, the “Chauffeur Company”, while Omokore and his own company, Energy Property Development Ltd., also paid at least £4,424.40 to the “Chauffeur Company” to convey Diezani and her family about the UK between December 2012 through at least July 2014.
The FBI agent, Crispino, stated, “Upon information and belief, the above payments were made corruptly by, on behalf of, or at the direction of Aluko and Omokore for the benefit of Alison-Madueke and/or her family, in return for Alison-Madueke’s having improperly influenced the award of the Forcados SAAs to AEDC and in anticipation of or in return for her improperly influencing the award of the Brass SAA.
“In particular, the director of the Chauffeur Company has stated that in or around June 2014, he was assaulted in the hallway outside of Alison-Madueke’s known residence at Flat 19, 22 St. Edmunds Terrace, London NW8 7QQ, by two men known by the director to be Alison-Madueke’s associates.
“This assault occurred as the director of the Chauffeur Company was attempting to deliver a letter concerning approximately £224,000 in unpaid services provided by his company to Alison-Madueke.
“The director of the Chauffeur Company has further stated that, upon hearing the commotion, Alison-Madueke herself appeared and instructed her associates to settle the unpaid bill.
“As the preceding table indicates, roughly one month after the hallway assault, TENKA paid a total of £135,361.48 to the Chauffeur Company.”
Crispino said Diezani’s assets were liable to being forfeited “under 18 U.S.C. § § 981(a)(1)(A) and 981(a)(1)(C),” as they were “derived from, or traceable to the proceeds of ‘specified unlawful activity,’ as that term is defined in 18 U.S.C. § 1956(c)(7), or a conspiracy to commit ‘specified unlawful activity,’ and as property involved in money laundering violations of 18 U.S.C. §§ 1956 and 1957.”
Crispino stated that “Section 1956(a)(2) prohibits transferring funds known to be the proceeds of unlawful activity from a place outside the United States to a place in the United States, with knowledge that the transfer is designed in whole or in part to conceal the nature, location, source, ownership, or control of the proceeds of a specified unlawful activity, including the proceeds of an offense against a foreign nation involving ‘bribery of a public official, or the misappropriation, theft, or embezzlement of public funds by or for the benefit of a public official.”
News
REA, NBS Partner to Deliver Comprehensive Energy Data for Nigeria

The Rural Electrification Agency (REA) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) to conduct a nationwide energy survey aimed at closing long-standing data gaps in Nigeria’s power sector. The initiative is expected to guide policy, attract investment, and accelerate universal electricity access.

Signed in Abuja, the agreement establishes a National Energy Survey based on the Multi-Tier Tracking Framework (MTF), a globally recognized methodology that measures electricity access not only by grid connection but also by quality, affordability, reliability, and usage of electricity and clean cooking solutions.
The survey will be implemented under the Energy Sector Management Assistance Program (ESMAP) of the World Bank. Dr. Abba Aliyu, REA Managing Director/CEO, said the partnership underscores REA’s commitment to evidence-based rural electrification planning and will generate detailed insights on electricity access and off-grid solutions nationwide.
Prince Adeyemi Adeniran, Statistician-General of the Federation/CEO of NBS, emphasized that reliable statistics are essential for effective policymaking, assuring that NBS will provide technical oversight, sampling expertise, and quality assurance to meet global standards.
The survey will assess energy access, household affordability, expenditure patterns, and the adoption of off-grid technologies such as solar home systems, mini-grids, and clean cooking solutions. REA will provide sector expertise and policy alignment, while NBS manages regulatory approvals, methodology, and technical supervision.
Funded and technically overseen by the World Bank, the exercise will run for 18 months, with the resulting data expected to improve national energy planning, programme targeting, and private sector investment, particularly in underserved and rural communities.
Officials said the collaboration reflects the Federal Government’s commitment to strengthening inter-agency coordination, enhancing energy data availability, and advancing Nigeria’s goal of universal electricity and clean cooking access.
News
SiBAN New Executive Council to Champion Vision for Nigeria’s Digital Economy

The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), the nation’s foremost self-regulatory body for the blockchain industry, has completed its election cycle, heralding the beginning of a new executive council dedicated to scaling Nigeria’s digital economy.

The highly anticipated elections concluded recently with the emergence of a new leadership team poised to champion industry standards, foster innovation, and drive widespread adoption of blockchain technology across the country.
The newly elected executives, who will officially assume their roles in January 2026, represent a blend of legal, financial, and technical expertise critical for navigating the evolving regulatory landscape.
Leading the charge is Mela Claude-Ake, a lawyer, who has been elected the President of SiBAN to succeed the outgoing President, Obinna Iwuno, whose tenure was marked by significant achievements, including facilitating crucial reforms and forging strategic partnerships with regulators and other critical stakeholders in the digital asset industry. Mr. Iwuno will formally hand over the reins to the new council in January 2026.
Other elected to the executive council are Chimene Chinah – Vice President 1, in charge of Blockchain education and adoption; Oroke Cornelius – Vice President 2, in charge of membership, strategic partnerships, and funding; and Ayo Shonibare – Vice President 3, in charge of policy, regulation, and ethics.
Others are Ugochukwu Peters – Vice President 4 in charge of digital asset operations and capital markets, Mbene Vivian – Chief strategy officer in charge of projects and incubation, Olufunmilayo Tugbobo as Financial Secretary/Chief Financial Officer, and Chiemeka David Ohajionu as Chief Communications Officer.
The newly elected council’s structure reflects SiBAN’s commitment to addressing key pillars of the blockchain ecosystem: from grassroots education and fostering innovation through projects, to establishing robust regulatory frameworks.
In his acceptance speech, Mela Claude-Ake emphasized the vital role SiBAN plays in shaping the future of finance and technology in Nigeria.
“The trust placed in this new council is not one we take lightly. We inherit a great foundation built by the outgoing team. Our mission now is to accelerate. We stand at a critical juncture where the potential of blockchain to revolutionize every sector, from finance and governance to supply chain, is undeniable. This new council will focus relentlessly on advancing smart, collaborative regulation, democratizing blockchain education, and protecting the interests of all stakeholders to ensure that Nigeria remains a leader in the African digital economy space,” he assured.
He added that he is humbled by the opportunity to be the face of one of Nigeria’s youngest and most promising sectors — blockchain tech.
“As a tech enthusiast I am excited at the possibilities. The ecosystem needs careful nurturing by the government. My administration will be focused on building new bridges for the blockchain sector internationally and domestically, establishing trust with the public and unifying the sector. I enjoin all blockchain stakeholders in Nigeria, connected to Nigeria or of nigerian heritage to join hands together with my administration in building the industry of our dreams.”
The industry now looks forward to the handover ceremony in January 2026 and the initiatives the new SiBAN leadership will unveil to solidify the association’s role as a catalyst for innovation and a respected partner to the Nigerian government.
News
APC National Chairman Appoints Mr. Abimbola Tooki as Special Adviser on Media

The National Chairman of the All Progressives Congress (APC) has approved the appointment of Mr. Abimbola Tooki as Special Adviser on Media and Communication Strategy.

Mr. Abimbola Tooki
The appointment reflects the Chairman’s confidence in Mr. Tooki’s vast experience, professional pedigree, and proven capacity to deploy strategic communication in strengthening party cohesion, public engagement, and effective message delivery at both national and international levels.
Mr. Tooki is a celebrated journalist, columnist, and media strategist with deep expertise in governance reporting, crisis communication, information management, and team leadership.
He is widely regarded for his ability to bring institutions closer to the people through the effective use of conventional and digital media platforms.
His career demonstrates a consistent track record of innovation, results-oriented leadership, and excellence in managing internal and external communications.
A versatile Information and Communications Technology (ICT) editor for many years, Mr. Tooki managed and developed influential ICT and business sections in leading newspapers, contributing significantly to public understanding of technology and economic issues.
He also pioneered major newsroom initiatives, including the establishment of specialised ICT publications, and is respected for his sharp analytical skills and solution-driven approach in fast-paced environments.
His professional journey spans several reputable media organisations, culminating in his role as Editor of BusinessWorld Newspaper, where he oversees editorial direction, production, administration, and corporate management.
He previously rose through the ranks at Financial Standard, earning rapid promotions due to exceptional performance, intellectual depth, and dedication to duty.
Mr. Tooki is also a familiar face and respected voice in broadcast media, serving over the years as a guest analyst on platforms such as Channels Television and other national stations, where he analyses major headlines, public policy, and issues of national importance.
Academically, he holds an MBA from Obafemi Awolowo University, a Postgraduate Diploma in Journalism from the Nigerian Institute of Journalism, and a Bachelor’s degree in Language Arts from the University of Ilorin.
In his new role, Mr. Tooki is expected to provide strategic direction for the Chairman’s media engagement, strengthen the APC’s communication architecture, manage reputation and messaging, and enhance the party’s interface with stakeholders, the press, and the Nigerian public.
The APC congratulates Mr. Abimbola Tooki on his appointment and wishes him success as he brings his wealth of experience, energy, and professionalism to bear in support of the Chairman and the party at large
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