Headlines

Nigerians lose over N200 billion to Ponzi scheme

Mr Abdulrasheed Bawa, EFCC boss

—-as EFCC says Diezani’s diamond bra was social media creation

Eyewitness reporter

The Chairman, Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, has revealed that innocent but gullible Nigerians have lost over N200 billion to investment and employment scams in the country.

In a television interview monitored by our reporter in Lagos, Mr Bawa, who also used the platform to dismiss the rumoured diamond bra seized from the former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, as “social media creation”, stated that the Ponzi scheme scam has become a huge problem that the commission was grappling with for which the anti-graft agency is being inundated with complaints by the victims.

“This issue of investment scam is something that has been observed and we are working on that. In fact, as of the last briefing when we aggregated all the complaints involving investment scam and employment scam, Nigerians have complained to us to have lost over N200 billion in complaints. It’s a huge problem”, the anti-corruption czar declared.

“Ponzi schemes are going on left, right and centre and Nigerians have to be wary about anybody that is promising you some money- doubling interest. How can you invest N500,000 and somebody is promising you N50,000 every month and at the end of that, you collect your N500,000 back”, Bawa observed.

He also used the opportunity to make clarification on the seized properties from Mrs Diezani Alison-Madueke, said to contain expensive diamond bra listed among to be auctioned by the Federal government.

According to Bawa, there was no diamond bra as the fictitious claim was the creation of the social media, saying he ought to know if there was anything of such as the lead investigator who investigated the former minister.

”The government has not sold a single property recovered. We are working towards that. You have accused us several times of media trials but I think it is good to be fair to everybody at all times.“This case is a two-way thing, there was nothing like diamond bra; it is just a creation of social media. I can tell you that for free because I am the lead investigator. I am not aware of it.

“If there is something like that, I should know because I led the search and all of that. It is one of the things I mentioned to you that is one of the biggest problems we have is our attitude, we need to change for the better,” Bawa said.

Aviation

FAAN resumes toll collection at Airports, adopts hybrid payment method

Gloria Odion, Reporter

The Federal Airports Authority of Nigeria(FAAN) have resumed collection of toll at all its toll plazas located at the airports in the country, including Murtalar Mohammed International Airport, Lagos.

The toll suspension arose from the chaos which the new cashless payment method introduced by FAAN recently generated which resulted in long queues of motorists at these facilities.

This development has raised public outcry which necessitated the intervention of President Bola Ahmed Tinubu who directed the suspension of the cashless payment system.

However, the Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the resumption of toll collection at all these plazas.

In a press statement by his Special Adviser on Media and Communications, Tunde Moshood, the Minister declared that a hybrid access gate payment should be adopted by FAAN at the toll gates located at the Airports in the country.

“Following the earlier suspension of the full cashless Access Gate payment system as directed by the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu due to the traffic gridlock it created, the Minister of Aviation and Aerospace Development met with officials of the Federal Airports Authority of Nigeria (FAAN) and senior officials of the Ministry.

“After reviewing the initial implementation and the operational challenges observed, the following decisions were reached:

” The Ministry has resolved to engage concessionaires in order to introduce a fully automated or electronic system at all access gates at our airports in order to fully and eventually eliminate cash payments.

” In the meantime, a hybrid payment system that accommodates both cash and card payments will resume at all airport access gates with effect from Friday, March 13, 2026.

” Motorists who already possess FAAN Go Cashless Cards may continue to use them until further notice.

“Other electronic payment options, including POS terminals and other approved digital channels, will also remain available.

“Members of the public and road users are encouraged to obtain and use the FAAN Go Cashless Card as the Authority continues to enhance and fully optimise the cashless payment system.

“This directive restores the previous access gate payment arrangement whilst the Ministry continues to work on the fully automated or electronic system” the statement concluded.

Headlines

NPA shines as Outstanding Agency of the Year 2025 at Champions newspaper Awards ceremony

Funso OLOJO, Editor

The Nigerian Ports Authority (NPA) has won another award as the Outstanding Agency of the Year 2025 conferred on the agency by Champions Newspaper at its 2025 Awards ceremony held in Lagos.

Receiving the award on behalf of the Managing Director of the Authority, Dr. Abubakar Dantsoho, the General Manager, Corporate Affairs, Mr. Ikechukwu Onyemekara, described the award as recognition of Danthoso vigorous leadership in implementing smart initiatives that align with the NPA’s vision to become the Maritime Logistics Hub for Sustainable Port Services in Africa.

The NPA MD highlighted the invaluable support of the Minister of Marine and Blue Economy, Adegboyega Oyetola, which he said has been instrumental in achieving these remarkable successes.

According Dantsoho, some of the key remarkable performances of NPA include sustained port efficiencies, which contributed to Nigeria’s year-on-year trade surplus of ₦7.5 trillion and ₦6.7 trillion in Q2 and Q3 2025 (per NBS and NESG reports), driven mainly by exports via NPA platforms.

He also mentioned the successful execution of President Bola Ahmed Tinubu’s policy for crude and petroleum product sales in Naira, saving billions in FOREX, enhancing energy security, improving trade balance, and creating jobs.

Others include completion of Nigeria’s membership in the International Port Community System Association (IPCSA), paving the way for the National Single Window (NSW) project, technical guidance enabling a significant rise in transhipment cargo at Lekki Deep Seaport, serving landlocked neighbours and recovering cargo lost to competing ports.

Another achievement made under the leadership of Danthoso was his electorial victory as the President of the Port Management Association of West & Central Africa (PMAWCA), with Dr. Dantsoho also leading PAPC, boosting Nigeria’s diplomatic standing and securing re-admission to IMO Category C.

Champions Newspaper conferred the award in appreciation of NPA’s pivotal role as a leading trade facilitation platform driving national economic prosperity through Nigeria’s maritime endowments.

Headlines

Anti-Corruption Group Commends FG on National Single Window Initiative

Gloria Odion,Maritime Reporter

The Media Anti-Corruption Initiatives (MACI), a leading non-governmental organization(NGO), has applauded the Federal Government’s forthcoming launch of the National Single Window (NSW), a centralized platform designed to integrate all transactions and interactions with public agencies.

In a joint press release, Captain Adamu Mishela (Chairman) and Funso Olojo (Secretary General) emphasized the significance of the NSW as a groundbreaking reform aimed at streamlining trade procedures, enhancing transparency, and strengthening integrity across the public sector.

Originally introduced nearly two years ago by President Bola Ahmed Tinubu, the NSW represents a major fiscal reform intended to boost Nigeria’s competitiveness on the global stage.

Captain Mishela noted that MACI believes the initiative will minimize opportunities for corrupt practices, accelerate service delivery for citizens and businesses, and restore public confidence in government institutions

MACI reaffirmed its commitment to safeguarding public resources, upholding the rule of law, and promoting transparency.

The organization also expressed readiness to collaborate with government agencies, private sector partners, civil society, and the wider public to ensure the NSW achieves its objectives, mitigates risks, and serves as a strong defense against corruption.

In support of the NSW project, MACI is set to hold a seminar with the theme “Tamper-Proof National Single Window” to ensure that the initiative succeeds where other reforms before it faltered.

This initiative marks a significant step toward building a more open, accountable, and citizen-focused public sector in Nigeria.