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Eze Brothers Allegedly Steal N1.5Bn from Billionaire Arthur Eze

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Economic and Financial Crimes Commission (EFCC), yesterday arraigned Okwuchukwu Olisaebuka Eze and Nnadozie Onyeka Eze for stealing N1.5billion from billionaire Arthur Eze.

Eze Brothers Allegedly Steal N1.5Bn from Billionaire Arthur Eze

Arthur Eze

Charged with the two accused were their companies.

While Olisaebuka and Berlus Resources Ltd were docked on a 14-count charge, Onyeka and DYM Integrated Service Limited were slammed with a 17 counts.

The EFCC did not state whether Olisaebuka and Onyeka are blood relations of Arthur Eze.

The two men and their companies were docked before Justice Binta Mohammed of the Federal Capital Territory High Court, Maitama, Abuja on two separate charges.

Olisaebuka, who was an administrative officer with Prince Arthur Eze, is alleged to have stolen and converted to personal use the sum of N804,360,216 and $3,309,359.

Count 3 of his charge reads; “That you Eze Olisaebuka Okwuchukwu, between 26th September, 2017 to 30th October, 2020, in Abuja, within the jurisdiction of this Honourable court, while being employed in the capacity of an administrative officer of Prince Arthur Eze, committed theft of an aggregate sum of N319,709,807 in the possession of your employer, Prince Arthur Eze, and thereby committed an offence contrary to section 289 of the Penal Code Cap 532 LFN (ABUJA) 1990 and punishable under the same section”.

The defendants pleaded “not guilty”.

In view of the plea, Samuel Chime, prosecution counsel, asked the court for a date for commencement of trial.

However, Anthony Okpalah, defence counsel, informed the court that an application for bail has been filed before the court and has also been served on the prosecution.

He therefore asked that the court grant the defendants bail on Liberal terms.

The prosecution counsel did not object.

He however reminded the court of the huge amount involved in the case and that the court should be judicious in giving the bail terms, stating that the prosecution is only interested in the defendants attending their trial at all times.

Justice Mohammed, after studying the application and the accompanying affidavit, granted Olisaebuka bail in the sum of N10 million.

Olisaebuka will also provide one surety in like sum, who must be a civil servant on Grade Level 14 with copy of last promotion letter submitted.

Also, he must be resident in the Federal Capital Territory (FCT).

The case was adjourned till January 26, 2021 for commencement of trial.

Also, the case of theft brought against Eze Nnadozie Onyeka and DYM Intergrated Services Ltd, was adjourned till January 26, 2021 for commencement of trial, after the court admitted the defendant to bail in the sum of N20 million

Onyeka was also asked to produce two sureties, who must be civil servants of not less than Grade Level 14.

The sureties must work and reside in the Federal Capital Territory and must present copy of their last promotion letters for verification.

Onyeka and DYM Integrated Resources Ltd pleaded ‘not guilty’ to the charge of stealing N769 million and $845,700.

Count 10 of the charge reads; “That you Eze Onyeka Nnadozie, between 20th January, 2013 to 30th November, 2020, in Abuja, within the jurisdiction of this Honourable court, while being employed in the capacity of Finance Manager of Prince Arthur Eze, committed theft of aggregate sum of N370,950,000 in the possession of your employer, and thereby committed an offence contrary to section 289 of the Penal Code Cap 532 LFN (ABUJA) 1990 and punishable under the same section “.

 

 


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Lagos Targets Vulnerable Residents in Expanded Social Register

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

Lagos Targets Vulnerable Residents in Expanded 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.


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Study Shows 38% of Northern Women Lack Access to Financial Services

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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.


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CISA Asks NDPC, Police to Act on Alleged Data Breach by NIPSS

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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).

CISA Asks NDPC, Police to Act on Alleged Data Breach by 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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