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.
News
PalmPay Partners FG to Drive Data Protection Awareness

PalmPay reinforced its commitment to data protection and youth empowerment with a ground-breaking partnership with the Federal Ministry of Youth Development to launch the Youth Data Protection Awareness and Training (YDPAT) Program, which is targeted at equipping over 1,000,000 Nigerian youths digitally over 3 years.
The training program, commissioned last week at the Shehu Musa Yar’ Adua Centre in Abuja, will focus on providing youths with the right knowledge and skills required to navigate the digital landscape safely. With over 70% of the Nigerian population consisting of youths, this is an important move to foster trust, security and youth-focused innovation.
Speaking at the launch, the Honourable Minister of Youth Development, Comrade Ayodele Olawande, commended PalmPay’s partnership in the actualisation of the program and described YDPAT as a bold step toward building a digitally literate and security-conscious generation.
In his words, “This is about building a privacy-first generation, one that is inclusive, future-facing, and globally competitive.” He also emphasised the low awareness of the Nigerian Data Protection Act (NDPA), 2023 and the critical shortage of certified Data Protection Officers (DPOs), despite over 500,000 data controllers operating in the country.
This position was equally supported by PalmPay’s Managing Director, Mr Chika Nwosu, who stated how data protection is as important as innovation in tech. He noted that PalmPay integrates privacy into every stage of its product development, ensuring that user information is safe.
Beyond ensuring data protection, PalmPay is committed to empowering young Nigerians with real opportunities for growth, with mentorship and internship placements for top-performing participants. It has led several youth-oriented initiatives, including the Purple Woman campaign, and Passing the Baton CSR for thousands of youths and women in urban and rural communities.
With a drive to achieve nationwide digital literacy, PalmPay is championing campaigns in Northern Nigeria, with more activations planned across various states.
News
FG to Move 5m Homes to Clean Cooking by 2030 — Minister

Ekperikpe Ekpo, minister for State, Petroleum Resources (Gas), said it is working towards a renewed target of moving about five million homes to clean cooking by 2030.
Ekpo, made the declaration while delivering the ministerial address and remarks on Monday at the opening ceremony of the 48th Nigeria Annual International Conference & Exhibition (NAICE) 2025.
This year’s conference is themed ‘Building a Sustainable Energy Future: Leveraging Technology, Supply Chain, Human Resources, and Policy.’
He explained that the target can only be made possible through increased investment in gas infrastructure in critical projects such as the OB3 and AKK pipelines, progressing to deliver gas to markets nationwide; and promoting modular and scalable gas projects, including mini-LNG and CNG stations.
According to him, the government is also ramping up efforts to improve last-mile access and stimulate local economic activity and facilitate job creation through strategic public-private partnerships in the construction, logistics, and retail segments of the gas value chain.
“His Excellency, President Bola Ahmed Tinubu, GCFR, has placed gas at the heart of Nigeria’s energy strategy. His vision, aptly captured in the phrase “From Gas to Prosperity”, reflects our national ambition to utilise our abundant natural gas resources to fuel industrialisation, create jobs, and expand access to clean and affordable energy for all Nigerians.
“Over the past year, we have taken decisive steps in line with this vision. We have expanded gas supply for industrial use, prioritising gas availability for manufacturing hubs, power generation, and industrial corridors. As of today, I’ve been reassured that every gas offtaker currently receives the gas they require for their industrial processes; Rolled out the LPG Penetration Programme, distributing cylinders across the six geopolitical zones and empowering women and youth, promoting clean cooking.
“Under the Decade of Gas Initiative, we are also making meaningful strides to unlock value across the midstream and downstream sectors.
“Notably, we have facilitated the development of gas processing facilities and virtual pipeline systems, ensuring gas reaches off-grid and underserved communities, supported private sector investment in LPG and CNG infrastructure, including autogas stations, domestic cylinder manufacturing, and distribution networks, strengthened coordination via the Decade of Gas Secretariat, driving alignment and accountability across Ministries, Departments, and Agencies, Advanced the Nigerian Gas Flare Commercialisation Programme (NGFCP), converting waste to wealth while supporting environmental goals, secured presidential approvals to address legacy debts, incentivising upstream gas supply and stabilising the domestic market”, he said.
He also said the federal government has released much-needed financial support to project promoters via the Midstream Downstream Gas Infrastructure Fund (MDGIF).
“All these efforts are anchored on a single, resolute belief, which is that Nigeria’s gas must work for Nigerians, not just as an export commodity, but as a foundation for inclusive growth, national development, and energy security.”
Speaking on the four pillars highlighted in the conference theme – technology, supply chain, human resources, and policy –- the Minister noted that each plays a vital role in shaping Nigeria’s energy future.
On technology, he said the adoption of digital solutions, automation, and data-driven tools across the gas value chain is essential.
“From reservoir monitoring to distribution analytics, emerging technologies can enhance efficiency, reduce emissions, and optimise delivery. The Ministry continues to collaborate with industry players to foster digital innovation,” he said.
He explained that a strong local supply chain is essential to sustaining the gas economy.
“Through the Nigerian Content Development and Monitoring Board (NCDMB), we are driving localisation of equipment manufacturing, pipe production, and other critical components to reduce import dependence and build national resilience.
“Our human capital remains our greatest asset. We are committed to nurturing a technically sound, diverse, and future-ready workforce through continuous training, strategic academic-industry partnerships, and deliberate youth and gender inclusion policies in the gas space.
“The Petroleum Industry Act (PIA) has provided a solid regulatory and fiscal foundation. We are implementing market-reflective gas pricing frameworks, encouraging deepwater gas development, and enforcing domestic supply obligations to drive investor confidence and sector expansion,” he noted.
News
Experts Caution e-commerce Operators on Eco-friendly Materials

Experts have urged the Nigerian e-commerce industry to use eco-friendly materials in its packaging and logistics of products to reduce carbon emissions and protect the environment.
The experts made this known at a sensitisation workshop on Greening E-commerce orgainsed by The Sustainable and Inclusive Economic Development for Decent Employment In Nigeria Programme (SEDIN) – an initiative of the German Development Agency (GIZ) in partnership with Nigerian Postal Services (NIPOST).
The experts stressed the importance of e-commerce operators in Nigeria committing to concrete climate actions and sustainable operations.
Nnaemeka Ngwu, director of the public sector initiative and a professor at Lagos Business School, urged e-commerce companies to quickly adopt sustainable green technology to minimize their environmental harm.
“E-commerce is a business enabler and a platform through which many people can get involved in trade and commerce. However, e-commerce also brings lots of issues in sustainability and climate change because of pollution,” he said.
According to him, to improve the sustainability component of e-commerce, the country must promote better packaging and logistics among operators.
“We need to green the e-commerce industry to make it more inclusive and support the climate so that it does not cause risks and issues,” he explained.
He commended the Lagos State government on the ban on single-use plastics, calling for the policy to be complemented with awareness, advocacy, and engagement so that the public understands the reason for the policy.
He noted that such awareness should be done regularly, while urging the Nigerian Postal Service to use its leadership role in the courier industry to engage other courier businesses within the space on the benefits of sustainability and the packaging and logistics issues.
In her opening remarks, Titi Oshodi, special adviser to the Lagos State Governor on Climate Change and Circular Economy, called for awareness on greening across various sectors of governance, communities and the private sector
“This will ensure that people understand the rationale behind the policies on greening and they also understand what the alternatives are,” she noted.
“This is the reason why climate literacy is a front-boner strategy for us in Lagos State,” she added.
She explained that Lagos is a commercial hub that grew its GDP due to the operations of micro, small and medium-size businesses. “We need to have them empowered, more knowledgeable about sustainability practices.”
Tola Odeyemi, postmaster-general, Nigerian Postal Services (NIPOST), said the courier can play a strategic and vital role in greening the ecosystem, noting that it has 1,174 post offices nationwide.
Odeyemi, who was represented by Ernest Mamood, general-manager of EMS Parcel Nigeria, said NIPOST is a regulator in the country’s courier industry and can use its position to sensitize other operators in the industry on the use of eco-friendly materials in packaging and logistics to cut environmental impact.
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