News
MBA Forex Victims: Can EFCC Deliver Justice?
Port Harcourt is known to bust with a Ponzi scheme from time to time, and the lesson is hardly learnt. From the days of Umana Umana bank where lives were ruined when important persons banked and crashed with them, to the MBA Forest of recent, it has been same tale.
Port Harcourt is an oil zone and so a mega bucks zone. People earn big and lose big because they invest big; in good and bad.
So, when a scheme came called MBA Forex emerged, big investors poured in billions of naira, and when it crashed, souls went aflame and ablaze. Many had hoped and prayed that government agencies could intervene and save what is left of their souls. It was late in coming because the suspects usually plan ahead.
Now, the Economic and Financial Crimes Commission (EFCC) has in Port Harcourt arraigned a director for alleged N13.8bn fraud.
The EFCC arraigned the director of Glossalalia Nigeria Ltd and Pelenged Nigeria Ltd, Precious Williams before Justice S. I . Mark of the Federal High Court, sitting in Port Harcourt, the Rivers State capital.
Williams is being prosecuted on a 14-count charge, bordering on conspiracy, advance fee fraud, obtaining money under false pretence and money laundering to the tune of N13.8 billion.
One of the charges reads: “That you, Precious Williams of Glossolalia Nigeria Limited; Pelegend Nigeria Limited, Phenom 413 Events Limited (company representative at large) and Doxasterz Oil and Gas Limited, sometime between the 24th day of August, 2019 and 15th day of February, 2020, at Port Harcourt, within the jurisdiction of this Honourable Court, directly took possession of the sum of Ten Billion Naira (N10bn) only from Maxwell Chizi Odum (still at large) and MBA Trading and Capital Investment Limited (at large) through your Sterling Bank PLC Account No. 0064260799, when you reasonably ought to have known that the said funds formed part of the proceeds of the unlawful activities, of Maxwell Chizi Odum (still at large) and MBA Trading and Capital Investment Limited (at large) of obtaining money under false pretence from one Christian I. Agadag Agadaga and over three thousand (3000) other unsuspecting members of the Nigerian public, under the pretext that it was for investment purposes that will yield for them 10% to 15% interest. There were other charges that ran contrary to Section 15 (2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”
She pleaded “not guilty” to all the charges, prompting the prosecution counsel E. K. Bakam to ask for a trial date and to apply for the remand of the defendant in a correctional center, while counsel to the defendant, Tochukwu Maduka, SAN, informed the court of the defendant’s bail application and prayed the court to grant her bail to enable her to prepare for her trial.
In his ruling, the judge held that the defendant be remanded in the Port Harcourt Correctional Center and adjourned the matter till June 17, 2025 for the hearing of the bail application.
The defendant was arrested when petitioners alleged that she received money from over 3000 victims by false pretence and laundering the money for personal use sometime in April 2021.
The petitioners alleged that sometime in 2019 and 2020, the defendant alongside MBA Trading and Capital.
Businessday.ng
The All Progressives Congress (APC) has emerged winner of the Ghari/Tsanyawa supplementary election in Kano state
The returning officer, Professor Muhammad Waziri of Bayero University, declared Garba Ya’u Gwarmai of the APC winner with 31,472 votes
Waziri defeated the candidate of the New Nigeria Peoples Party (NNPP), Yusuf Ali Maigado, who polled 27,931 votes
The All Progressives Congress (APC) has secured victory in the Ghari/Tsanyawa supplementary election held in Kano state.
Announcing the results on Sunday morning, August 17, the returning officer (RO), Professor Muhammad Waziri from Bayero University, declared APC candidate Garba Gwarmai the winner with a total of 31,472 votes.
He defeated the candidate of the New Nigeria Peoples Party (NNPP), Yusuf Maigado, who polled 27,931 votes, according to The Punch.
The supplementary poll was conducted after the initial election in the constituency was declared inconclusive. With a margin of 3,541 votes, Gwarmai’s victory marks a key win for the APC as the party continues to reinforce its influence across the state.
Meanwhile, the NNPP won the Bagwai/Shanono state assembly by-election in Kano state.
Daily Trust and Vanguard noted this update.
Announcing the result at 12:36 a.m. on Sunday, August 17, the RO for the election, Prof. Hassan Adamu Shitu, declared the NNPP candidate, Ali Hassan Kiyawa, winner with 16,198 votes, defeating the APC candidate, Ahmad Muhammad Kadamu, who polled 5,347 votes.
Former Governor of Niger State, Dr. Babangida Aliyu, has said that the administration of President Bola Tinubu is performing well but lacks an effective communication strategy to relay its achievements to Nigerians.
Aliyu made the statement on the Thursday edition of Arise Television’s ‘The Morning Show’, while reacting to the outcome of a recent public accountability session held in Kaduna.
Aliyu, reflecting on the discussions at the Kaduna Forum, said the government is facing public dissatisfaction not because it hasn’t delivered, but because it is failing to tell its own story effectively.
The ex-governor said it is proper for political leaders in the North to make demands from Tinubu’s administration since the bulk of the votes that took power came from the region.
“Let the people understand what is happening on the ground. If by what we say that 63/64 percent of the vote came from the north, it is only logical that the north will be expecting so much from the government.
“But from what we have seen so far is that the government is doing well but they do not know how to communicate very well,” he said.
News
New Twist As El-Rufai Snubs ADC, Announces Another Party To Vote In Kaduna Bye-Election [ Video Trends]
Former Kaduna governor, Nasir El-Rufai, appeared to have taken a reverse from the coalition’s adopted political platform, ADC
This is as the former governor took to social media and asked the people of Zaria, Chikun to vote for another party in the Saturday, August 16 (today), bye-elections in the constituencies in Kaduna
Recall that the former governor recently visited Sokoto to canvass support for the ADC, while criticising President Bola Tinubu and the APC government.
Click to watch El-Rufai’s video here
— Nasir Ahmad El-Rufai (@elrufai) August 14, 2025
Nasir El-Rufai, the immediate past governor of Kaduna, has fueled speculations that he dumped the recently adopted coalition political platform, African Democratic Congress (ADC), as he called on the people of Chikun/Kajuru federal constituency and Zaria Kewaye and Basawa state constituency to vote for the Social Democratic Party (SDP).
However, in a dramatic turn, the former governor urged the people of Zaria and Chikun to vote for the SDP in the Saturday, August 16, by-election, a poll which was meant to test the opposition’s strength ahead of the 2027 general election.
Recall that El-Rufai defected to the SDP after dumping the ruling All Progressives Congress (APC), but soon after joining the party, the SDP fell into a leadership crisis, and the former governor has been silent on his membership and allegations against him.
El-Rufai recently visited Sokoto on a mission to gather support for the ADC. He described his action as a patriotic one to rescue Nigeria from the grip of ‘nepotism’ and ‘incompetence’.
During his visit to Sokoto, the former governor attended two important events meant to sensitise the people and political stakeholders working to achieve the agenda of sacking President Tinubu and the APC in the next general election.
During his address at the event, the former governor lambasted the ruling party and called them ‘a failed, clannish, and visionless administration that has plunged Nigeria into deeper socio-economic misery’.
He declared that it was time for Nigerians to rise against the APC and accused the party of ‘broken promises and elite conspiracy’. He warned that any move to vote for the APC beyond 2027 would be a greater doom for the country.
However, in a sharp turn, the former governor, in a video posted on his social media page ahead of the by-election, urged the people in the constituencies where the poll will be held in Kaduna on Saturday, August 16, to vote for the SDP rather than the ADC he went to Sokoto to canvass for.
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