News
Ex-FirstBank boss Onasanya dismisses fraud allegation

By Francesca Hangeior
A former Group Managing Director of FirstBank, Dr. Bisi Onasanya, has dismissed claims of his involvement in a commercial loan transaction carried out 12 years ago at the lender.
Onasanya refuted the allegation in a statement signed by his communication advisor, Mr. Michael Oshunuyi, on Sunday, wherein he described the claims as baseless and an attempt to tarnish the reputation of the retired banker and chartered accountant.
On Thursday, the Economic and Financial Crimes Commission filed charges against Onasanya and three others at the Federal High Court in Lagos for allegedly obtaining a N30bn loan under false pretences. The anti-graft agency said the defendants would be arraigned on Monday.
The three other defendants are a former chairman of the First Bank of Nigeria, Oba Otudeko; an ex-board member of Honeywell Flour Mills plc, Soji Akintayo; and Anchorage Limited, a company linked to Otudeko.
Dismissing the claims, Oshunuyi said, “Our attention has been drawn to allegations and a charge sheet circulating on social media suggesting Dr. Bisi Onasanya’s involvement in a purported commercial loan controversy at First Bank 12 years ago. While we have consistently chosen to ignore such baseless attacks for over ten years, the growing concern expressed by family, friends, and associates from across the globe compels us to address these unfounded claims.”
He claimed that the matter in question was investigated eight years ago by the EFCC, two years after Onasanya retired from the bank.
“What is baffling is that a commercial transaction that occurred in 2013 and was thoroughly investigated eight years ago, where Dr. Onasanya established his innocence and non-involvement in the commercial transaction controversy, has now resurfaced in 2025 in the form of criminal prosecution. This is beyond his imagination,” part of the statement read,” he added.
Oshunuyi also noted that, to date, Onasanya has not been served with any charges, summoned, or formally invited by any court or investigating agency regarding these claims since the matter was investigated and dispensed eight years ago, adding that Onasanya is available to appear in court whenever he is summoned to defend his reputation and clear his name.
He further reasoned that the allegations appear to follow a deliberate pattern every year, with identical language and content being disseminated across multiple media platforms. He urged the media to exercise caution and verify information before publication, stressing the serious implications of libel.
The statement also clarified that Onasanya has never expressed interest in which person or group of persons is in charge of the control or ownership of First Bank or any other financial institution, for that matter. Instead, he has moved on from banking and remained committed to making a positive impact in people’s lives and other sectors of the economy.
In the vein, Otudeko, in a statement, dismissed the allegations against him, vowing to defend his reputation.
A statement issued in the wake of the allegations partly read, “In light of recent news reports, Dr. Oba Otudeko categorically refutes the claims concerning his role in FBN Holdings and will aggressively defend his reputation.
“As of this moment, he has received no official summons, nor has his legal team received any official invitation from relevant authorities. As he has done in the past, Dr. Oba Otudeko is always ready and available to assist any government agency with appropriate oversight in the execution of their duties, with the expectation that these affairs will be conducted with the highest standard of professionalism.”
He added that he was neither interested in serving in an executive capacity in any organisation in Nigeria or elsewhere, nor is he interested in serving in a non-executive capacity on any board aside from those he currently sits on.
“This includes any possibility of returning to the board of FBN Holdings Plc, which appears to be the focus of the recent unfortunate news barrage,” he maintained.
News
BREAKING: Court Quashes MultiChoice Request To Uphold ‘GOtv, DStv Price Increases’ In Nigeria

By Kayode Sanni-Arewa
The Federal High Court in Abuja has quashed a suit filed by MultiChoice Nigeria, the parent company of DStv and GOtv, challenging the Federal Competition and Consumer Protection Commission’s (FCCPC) intervention in its recent subscription price hike.
Delivering judgement on Thursday, Justice James Omotoso ruled that the suit constituted an abuse of court process as similar proceedings were already pending elsewhere.
He stressed that the plaintiff should have pursued its arguments in that court, rendering the current filing procedurally inappropriate.
Justice Omotoso noted that while the FCCPC has investigative powers under its establishing Act, it lacks the authority to fix or suspend prices unless specifically delegated by the President through a gazetted instrument. No such delegation was presented to the court.
“The power to fix prices is exclusively that of the President. Any decision taken without such delegation is a nullity,” he stated.
He added that Nigeria operates a free market system, and service providers like MultiChoice retain the right to set their prices, with consumers free to accept or reject them.
The judge further ruled that FCCPC’s actions, including directing MultiChoice to suspend its price increase, breached the company’s right to fair hearing and appeared selectively targeted.
He dismissed the FCCPC’s claim that MultiChoice held a dominant market position, calling the argument untenable.
The use of services like those provided by the plaintiff is discretionary and not essential. Nigeria can do without it,” he added.
He warned that attempts to fix prices by regulatory bodies could scare off investors and harm the economy.
The court held that while the FCCPC may investigate market practices, it cannot impose price controls without proper legal backing.
MultiChoice had increased subscription rates by up to 25% on March 1, 2025, citing inflation and operational cost pressures.
The FCCPC opposed the move and threatened to sanction the firm.
News
Police demote officer, reprimand two others for assault in Imo

By Francesca Hangeior
The Imo State Police Command has demoted a sergeant, Anayo Ekezie for assaulting a road traveller using a smoke gunner along the Owerri-Aba Expressway.
The Command also announced the reprimand of two Police Inspectors, Ofem Obongha and Obinna Okereke, for failing to exercise supervisory control during the incident which occurred along the Owerri-Aba highway.
Police spokesperson for Imo State Command, DSP Henry Okoye made the disclosure on Wednesday night.
According to him, the three men all attached to the Safer Highway unit were found guilty of breach of the Police Force code of conduct and human rights standards.
He said Anayo Ekezie was found guilty and was demoted from a Sergeant to a Corporal as punishment for his action, while the other two Inspectors were reprimanded for failing to exercise appropriate supervision.
Okoye said, “The Imo State Police Command, in response to a viral video showing police officers assaulting a man along the Owerri–Aba Road, has identified the officers involved and initiated disciplinary action. The officers are Inspector Ofem Obongha, Inspector Obinna Okereke, and Sergeant Anayo Ekezie, all from the Safer Highway Unit.
“Following a review of the video, the Command conducted an orderly room trial in line with Nigeria Police Force disciplinary procedures. Sergeant Anayo Ekezie was found guilty of using his issued smoke gunner in the assault and has been demoted to the rank of Corporal.
“Inspectors Obongha and Okereke were severely reprimanded for failing to exercise proper supervisory control, which allowed the unprofessional conduct to occur, ” Okoye said.
On his part, the Commissioner of Police for Imo State, Aboki Danjuma condemned the action of the men which he said ran foul of the Force’s code of conduct and human rights standards.
Danjuma maintained that there was zero tolerance for police misconduct and promised appropriate action on those found guilty.
Meanwhile, the Imo State Police Command has called on the public to report any incidents of Police misconduct through the Complaints Response Unit (CRU), X-Squad unit, or via 08033424051 or 0814 802 4755 saying they are committed to transparency, professionalism, and protecting citizens’ rights.
News
Peter Obi dismisses criticism accusing him of de-marketing Nigeria

*Says, telling the truth is not de-marketing the country
By Francesca Hangeior
Former Anambra State Governor and Labour Party presidential candidate in the 2023 election, Peter Obi, has dismissed recent criticism accusing him of de-marketing Nigeria, saying truth-telling about the country’s challenges is essential to national growth.
Obi, in a post on X on Thursday, said his remarks about Nigeria’s economic and political realities are meant to strengthen, not tarnish, the country’s image.
Although he did not mention names, Obi’s comments come a week after Lagos State Governor Babajide Sanwo-Olu accused him of speaking negatively about Nigeria abroad.
“I tried reminding those who argue that I de-marketed Nigeria by telling the truth about its economic and social status vis-à-vis the rest of the World that truth does not in any way demarket a nation,” he said.
He added, “Rather, it refines and strengthens it. But the moment we begin to weaponise the truth for political convenience, we dishonour the legacy of those who came before us. We betray the very essence of their sacrifices, their struggles, their hopes, and their dreams.”
Obi spoke after attending the memorial lecture in honour of elder statesman, Chief Edwin Clark, alongside former President Goodluck Jonathan and ex-Head of State Yakubu Gowon.
In his address, the former Anambra State governor questioned the silence of once-vocal critics who had protested fuel and food price hikes under Jonathan, saying the situation has worsened today.
He stated, “I asked some very vital rhetorical and reflective questions, like what has suddenly happened to the protesting voices in this country, where are those who, in 2012/13, protested vigorously when increases in fuel, exchange rate, food and transport prices were moderate and manageable under President Jonathan.
“Where are those who called President Jonathan all sorts of names, “Clueless, corrupt, ineffective and lifeless government”? Where are they now that the Prices of everything have increased tenfold?”
“We are also losing innocent lives daily through insecurity, poverty, poor healthcare, and avoidable hardship. This is not the Nigeria our founding heroes envisioned.
“We must not reduce their sacrifices to mere ceremonial tributes. The best way to honour Chief Edwin Clark and others like him is to restore integrity in governance, rebuild trust in our public institutions, and ensure that truth and justice are the foundations of our national journey.
“Nigeria must work for all Nigerians, not just for a privileged few,” he said.
Sanwo-Olu had, in a statement on Monday, April 28, accused Obi of making “disparaging” comments about Nigeria during his recent appearance at Johns Hopkins University in the United States.
The Lagos governor said prominent Nigerians travelling abroad should promote the country’s image rather than de-market it, especially in front of a global audience.
Peter Obi dismisses criticism accusing him of de-marketing Nigeria
*Says, telling the truth is not de-marketing the country
By Francesca Hangeior
Former Anambra State Governor and Labour Party presidential candidate in the 2023 election, Peter Obi, has dismissed recent criticism accusing him of de-marketing Nigeria, saying truth-telling about the country’s challenges is essential to national growth.
Obi, in a post on X on Thursday, said his remarks about Nigeria’s economic and political realities are meant to strengthen, not tarnish, the country’s image.
Although he did not mention names, Obi’s comments come a week after Lagos State Governor Babajide Sanwo-Olu accused him of speaking negatively about Nigeria abroad.
“I tried reminding those who argue that I de-marketed Nigeria by telling the truth about its economic and social status vis-à-vis the rest of the World that truth does not in any way demarket a nation,” he said.
He added, “Rather, it refines and strengthens it. But the moment we begin to weaponise the truth for political convenience, we dishonour the legacy of those who came before us. We betray the very essence of their sacrifices, their struggles, their hopes, and their dreams.”
Obi spoke after attending the memorial lecture in honour of elder statesman, Chief Edwin Clark, alongside former President Goodluck Jonathan and ex-Head of State Yakubu Gowon.
In his address, the former Anambra State governor questioned the silence of once-vocal critics who had protested fuel and food price hikes under Jonathan, saying the situation has worsened today.
He stated, “I asked some very vital rhetorical and reflective questions, like what has suddenly happened to the protesting voices in this country, where are those who, in 2012/13, protested vigorously when increases in fuel, exchange rate, food and transport prices were moderate and manageable under President Jonathan.
“Where are those who called President Jonathan all sorts of names, “Clueless, corrupt, ineffective and lifeless government”? Where are they now that the Prices of everything have increased tenfold?”
“We are also losing innocent lives daily through insecurity, poverty, poor healthcare, and avoidable hardship. This is not the Nigeria our founding heroes envisioned.
“We must not reduce their sacrifices to mere ceremonial tributes. The best way to honour Chief Edwin Clark and others like him is to restore integrity in governance, rebuild trust in our public institutions, and ensure that truth and justice are the foundations of our national journey.
“Nigeria must work for all Nigerians, not just for a privileged few,” he said.
Sanwo-Olu had, in a statement on Monday, April 28, accused Obi of making “disparaging” comments about Nigeria during his recent appearance at Johns Hopkins University in the United States.
The Lagos governor said prominent Nigerians travelling abroad should promote the country’s image rather than de-market it, especially in front of a global audience.
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