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Daily Brief on Nigerian & World News | Pluto | Politics | Culture | Entertainment | Lifestyle | 📩 [email protected]
Texas City, TX Katılım Kasım 2012
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EFCC PRESS RELEASE
Court Grants Final Forfeiture of $13m Linked to Achimugu’s Firm to Government
Justice Emeka Nwite of the Federal High Court in Abuja, on Wednesday, March 25, 2026 granted an order of final forfeiture of the sum of $13 million linked to a business woman, Ms Aisha Achimugu and her Oceangate Engineering Oil & Gas Ltd, to the federal government.
The Economic and Financial Crimes Commission, EFCC, dragged Oceangate Engineering Oil & Gas Ltd before the court regarding the ownership of $13m suspected to be proceeds of fraud and unlawful activities.
Delivering judgment in a suit instituted by Oceangate Engineering Oil & Gas Ltd to claim the funds, Justice Nwite held that the company failed woefully to establish how it came about the money. He, however, stressed that the EFCC succeeded in convincing the court that the funds are proceeds of fraud and should be forfeited to the government.
The judge dismissed the claims that the
$13 million was gifts received into the Oceangate Engineering Company by Aisha Achimugu adding that the said Aisha never showed up in court to show cause why the funds should not be forfeited to the federal government.
Additionally, Justice Nwite said that no single person who gave the monetary gifts to Achimugu to the tune of $13 million was called to testify.
The judge held that the burden to establish genuine ownership of the money was not established by the applicant to counter the claims of the EFCC that the money was a proceeds of fraud based on its investigation.
According to the judge, Oceangate Engineering Company did not show the business it undertook that fetched it the money and did not also show whether any payment was made to it by of its customer.
Justice Nwite had on 22 August 2025, granted the EFCC an interim order forfeiting the $13 million linked to Oceangate to the government. He also directed the Commission to publish the order in a national daily for interested person(s) to show cause within 14 days why the funds should not be permanently forfeited to the government.
Justifying the forfeiture moves, EFCC investigator, Usman Aliyu, swore to an affidavit stating that the Commission acted on intelligence that showed that Oceangate Engineering Limited, without following due process, used funds reasonably suspected to be proceeds of unlawful activity to acquire oil blocks from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Aliyu insisted that the $13 million used by Oceangate to pay for the Signature Bonuses in respect of PPL302 and PPL3007 were not proceeds of any lawful and legitimate business but rather represent funds reasonably suspected to be proceeds of unlawful activity.
According to him, part of the funds used by Oceangate Engineering Oil and Gas Limited to pay for the Signature bonuses in respect of PPL 302 & PPL 3007 was derived from the huge sum of money transferred by a state government to the contractors for the execution of contracts for the benefit of the state.
The investigator alleged that there were never any contractual or business relationships between Oceangate and the contractors who transferred the aforementioned public funds to the account of the company (Oceangate Engineering).
He said the contractors, who transferred the aforementioned public funds to Oceangate, were neither investors, directors, nor shareholders in Oceangate.
But Oceangate, in its affidavit prayed the court not to make the order of final forfeiture of the funds because all the funds were derived partly from legitimate earnings of the company and partly gifts given to the Group Chief Executive Officer (GCEO) of the Company, Aisha Achimugu.
But EFCC, in its reply to the affidavit by Oceangate, prayed the court to dismiss the application.

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Nigeria’s electricity crisis is “beyond our control,” says the Minister of Power.


gst@wearegst
Nigeria generates about 5,000 MW of electricity for 200+ million people. ₦128 billion went missing from the Ministry of Power, in a country where homes, hospitals and businesses rely on generators to survive.
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We just won Missouri v. Biden.
As Missouri’s Attorney General, I sued the Biden regime for brazenly colluding with Big Tech to silence Missouri families — censoring the truth about COVID, the Hunter Biden laptop, the open border, and the 2020 election. They tried to turn Facebook, X, YouTube, and the rest into their private speech police, labeling dissent “misinformation” while they pushed their narrative on the American people.
Today, after years of unrelenting litigation, we deep state into a historic 10-year, court-enforceable Consent Decree. It directly binds the Surgeon General, the CDC, and CISA: no more threats of legal, regulatory, or economic punishment. No more coercion. No more unilateral direction or veto of platform decisions to remove, suppress, deplatform, or algorithmically bury protected speech.
Missouri struck first—and Missouri won big.
This is the first real, operational restraint on the federal censorship machine. It locks in the First Amendment principle we fought for: modern technology doesn’t erase your rights, and government labels don’t strip speech of protection. The deep state just got checked.
For every working Missouri family tired of being silenced by their own government: this victory is yours. The heartland fought back, and the heartland delivered.

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13 years after this tweet.
He is the head of a government that has now arrested the same El Rufai on largely politically motivated excuses.
What a pathetic shameless man.
Zero values. Zero honour. Zero principles.
Bola Ahmed Tinubu@officialABAT
The arrest of Nasir El-Rufai by the SSS in Anambra if true is another blot on our democracy, coming after yesterday's failed frame up.
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George Lucas traded $350,000 in directing salary for something Fox executives thought was worthless: the right to sell Star Wars toys.
It was 1976. Over 40 studios had already passed on his script, including Disney. Fox only greenlit the project because they wanted Lucas for other films. Nobody at the studio expected to make money on a space opera with no stars, so when Lucas offered to cut his directing fee from $500,000 to $150,000 in exchange for merchandising and sequel rights, Fox said yes on the spot. Movie merchandise was a dead business. Fox had lost money on Doctor Dolittle lunchboxes a decade earlier. They thought they were getting the better deal.
Lucas couldn’t even find a toy company that wanted in. Kenner, a division of cereal company General Foods, finally bought the licensing for a flat $100,000. Then Star Wars opened. Between 1977 and 1978, Kenner sold $100 million worth of toys off that $100,000 investment. They couldn’t make enough for Christmas ’77, so they sold empty boxes with IOUs inside, promising to mail the action figures later. Parents paid real money for cardboard and a promise.
Nobody around the production saw any of this coming. Alec Guinness, who played Obi-Wan, privately called the script “fairy-tale rubbish.” But he was shrewd enough to negotiate 2.25% of royalties instead of a flat fee. About 20 minutes of total screen time earned his estate somewhere between $50 million and $100 million. Lucas himself was so convinced the film would flop that he offered Spielberg a bet while visiting the Close Encounters set: swap 2.5% of each other’s profits. Spielberg took it. That handshake has paid him around $40 million.
And then the money started compounding. Lucas poured his Star Wars profits into ILM, the effects house he’d built for the film. When its computer graphics division got too expensive to maintain, he sold it to Steve Jobs in 1986 for $10 million. Jobs renamed it Pixar. Disney bought Pixar twenty years later for $7.4 billion. Then in 2012, Disney came back for the rest, buying Lucasfilm itself for $4.05 billion.
Total franchise revenue today sits around $46.7 billion, over $20 billion from merchandise alone. The filmmaker 40 studios passed on is now worth $5.3 billion according to Forbes. Fifty years ago today, cameras rolled on a desert in Tunisia.
The $350,000 pay cut that made it all possible might be the best trade in business history.
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Nigeria’s ex-accountant general jailed 72 years for N868 million fraud
gazettengr.com/nigerias-ex-ac…
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Video: Frustrated Teenager Querries Dapo Abiodun
“We all sleep outside cos’ of heat, only rich people use solar. A road at Orita-Oja Ipokia, if a pregnant woman pass there she’ll lose her pregnancy. They’ve been constructing that road since 2019. No light no road, nothing. But campaign always reach here. What exactly are we enjoying as citizens?”

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Nigeria’s Mainstream Media Deliberately Underreport Christian Genocide While Making Excessive Efforts To Protect Islam’s Image — Foreign-Based Journalist Lara Logan parallelfactsnews.com/nigeria-mainst…

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BREAKING: Explosion Rocks Woro Community In Kwara, Several Feared Dead In Suspected Boko Haram Attack | Sahara Reporters bit.ly/3NVc2g3

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Stacey Abrams founded an NGO and 30 days later was sent $2 billion dollars by the Biden Admin
As of today, March 22, 2026 she has not had to give a single penny back
Again, the Stacey Abrams NGO has not been required to return any portion of the $2 billion fund
Elon Musk confirms there are MANY cases similar to the Stacey Abrams NGO fraud
“The fraudsters — Like the $2 billion to Stacey Abrams NGO, that basically doesn't exist and suddenly gets $2 billion awarded from the federal government. Why? There are MANY such cases like that”
“The, you know, who complains the loudest and the, with the, the most amount of fake righteous indignation. The frauds
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