News
Court orders 54 banks to return N9.3bn stolen by hackers
Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 banks to immediately return a total of N9,329,322,870 fraudulently transferred by hackers from an unnamed old generation bank.
The judgment, delivered on April 15, 2025, follows an ex parte motion filed in suit number FHC/L/CS/629/2025.
The court directed the financial institutions to place a Post No Debit restriction on all accounts that received the stolen funds and to begin the immediate return of all available funds to the originating bank.
The plaintiff bank reported that on March 23, 2025, a breach in its core banking system resulted in unauthorised debits from multiple customer accounts.
The stolen funds—amounting to over N9.3bn—were then dispersed across accounts in 54 financial institutions.
Upon detection of the incident, the bank said it promptly alerted the institutions involved and began tracking the disbursements.
The investigation revealed that the funds were transferred in multiple tranches from the bank into primary accounts and subsequently rerouted to other accounts held by secondary and tertiary beneficiaries.
Justice Dipeolu ruled that the affected banks must provide details of the implicated accounts, including balances and amounts already transferred.
The judge further ordered the immediate return of all recoverable funds to the plaintiff bank.
The financial institutions are also to share comprehensive customer data related to the transactions, including names and destination accounts.
Restrictions are to be maintained on all accounts that received any portion of the funds until full recovery is made, limited to the amount each received.
The judge clarified that the ruling applies strictly to erroneously transferred funds and does not infringe on other customer deposits.
“For the avoidance of doubt and for clarity, the order is only in respect of funds erroneously transferred and sums salvaged,” the ruling emphasised.
Justice Dipeolu concluded that the stolen funds “belong to the plaintiff and not the customers of the respondent banks,” affirming the court’s authority to direct full restitution.
News
2027: Tinubu Can Be Shoved Aside If INEC Is Closely Monitored – Dele Momodu
Ex-presidential aspirant, Dele Momodu, has said it is possible to defeat President Bola Tinubu in the 2027 general election if the opposition gives the Independent National Electoral Commission (INEC) close monitoring.
Momodu made the remark during an interview on Channels Television’s The Morning Brief on Thursday, stressing that removing President Tinubu from office is not impossible.
According to the politician, who recently announced his defection from the Peoples Democratic Party (PDP) to the African Democratic Congress (ADC), the opposition needs candidates with the political strength and capacity to challenge the ruling party.
“I don’t know why people think it’s impossible that Asiwaju is not removable. Trust me, as long as we give INEC close marking, and that is why you need candidates who will be able to generate the firepower,” he said
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VP Shettima, Akpabio, Other Dignitaries Commemorate Armed Forces Remembrance
By Kayode Sanni-Arewa
The Armed Forces Remembrance Day Parade and Wreath-Laying Ceremony took place at the National Arcade in Abuja on Thursday
Vice President Kashim Shettima, Senate President Godswill Akpabio, Deputy Senate President Benjamin Kalu, Minister of Defence Christopher Musa, and other dignitaries attended the event.
Vice President Shettima at the Armed Forces Remembrance Day ceremony in Abuja on Thursday, January 15, 2026
The dignitaries were led to the cenotaph in a solemn march by soldiers, where they laid a wreath in remembrance of the fallen heroes who gave their lives in service to the nation.
Prayers were also conducted for the living and fallen heroes who fought gallantly for global peace and national integration.
The prayers were led by the Director of Chaplain Services (Protestants) Army, Colonel Rev. B.P. Nyam; followed by the Director of Air Force Islamic Affairs, Group Captain H. Idris; and finally, the Director of Chaplain Services (Roman Catholic), Navy Captain Very Rev. Fr. R.C. Diala.
Following the prayers, a minute of silence was observed in honour of the fallen heroes, immediately followed by the firing of the artillery gun.
The wreath-laying ceremony, which involves the placing of flowers at a memorial site, then commenced at the Tomb of the Unknown Soldier.
Leading the wreath-laying ceremony was Vice President Kashim Shettima, who solemnly proceeded to lay the wreath, accompanied by the Commander of the Guards Brigade, Brigadier General Adebisi Onasanya.
Next to lay wreaths were the Senate President, Senator Godswill Akpabio, and the Deputy Speaker of the House of Representatives, Benjamin Kalu.
Following them, the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, laid her wreath, immediately succeeded by the Minister of Defence, General Christopher Musa (Rtd), and the Dean of the Diplomatic Corps, Abbas Salaheeden, High Commissioner of the Republic of Cameroon.
The Chief of Defence Staff, the Chief of Army Staff, the Chief of Naval Staff, the Chief of Air Staff, and the Inspector General of Police also participated in laying wreaths to honour the fallen heroes.
The Armed Forces Remembrance Day Celebration (AFRDC) is observed annually on 15 January. It serves to honor veterans of World War I and II, as well as the Nigerian Civil War, and to commemorate the servicemen of the Nigerian Armed Forces.
News
Armed Forces Remembrance Day: HoR minority caucus honour Nigeria’s fallen heroes, say “your sacrifices not forgotten”
By Kayode Sanni-Arewa
The House of Representatives Minority Caucus commemorate with Nigerians on 2026 Armed Forces Remembrance Day, says their sacrifices cannot be forgotten.
This was contained in a commemorative message signed on behalf of the caucus leadership by the Minority Leader, Rep Kingsley Ogundu Chinda stating that:
“Today, the Minority Caucus of the House of Representatives joins the rest of the nation in solemn reflection as we honour the courage, sacrifice, and unwavering patriotism of the gallant men and women of the Nigerian Armed Forces (past and present) who laid down their lives in defence of our country.
“On this Armed Forces Remembrance Day, we remember with deep gratitude those who paid the ultimate price to preserve Nigeria’s sovereignty, unity, and democratic ideals.
“Their selfless service, often rendered in the face of grave danger and personal loss, remains a powerful reminder that our freedoms were hard-won and must never be taken for granted.
“We also salute our wounded heroes and veterans whose sacrifices did not end on the battlefield, as well as the families of fallen soldiers who continue to bear the pain of loss with quiet strength and dignity.
” Your resilience embodies the true spirit of national service, and the nation owes you an enduring debt of gratitude.
“As a Caucus, we reaffirm our commitment to the welfare of members of the Armed Forces, veterans, and their families.
“This includes sustained advocacy for improved welfare packages, adequate equipment, mental health support, timely pensions, and the fulfilment of all statutory obligations owed to those who have served our nation with honour.
“At a time when our country continues to confront security challenges, we urge renewed national unity, responsible leadership, and collective resolve to support our Armed Forces, not only in words, but through concrete policies and actions that strengthen morale, accountability, and professionalism within the security sector.
“May the souls of our fallen heroes rest in perfect peace. May their sacrifices continue to inspire us to work tirelessly for a safer, more just, and more united Nigeria.
“We remember. We honour. We will never forget.
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