Nigeria News (Standard)
EFCC Chairman Olukoyede Reveals Governorship Aspirants Spend Up to ₦30bn on Elections Nationwide
Anti-graft agency links rising campaign costs to increased corruption and vote buying ahead of 2027 general elections
Anti-graft agency links rising campaign costs to increased corruption and vote buying ahead of 2027 general elections
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that governorship aspirants in Nigeria spend between ₦20 billion and ₦30 billion in their quest to win elections. Olukoyede made this known on Tuesday during a public lecture at the University of Ilorin, Kwara State, warning that the escalating cost of electioneering is undermining transparency and democratic values across the country.
According to Olukoyede, the heavy financial burden starts from party primaries and continues through to the general elections, making political contests highly capital-intensive. He noted that this trend has become a major driver of corruption in governance, as politicians who emerge victorious often feel compelled to recover their campaign expenses once in office.
The EFCC chairman expressed concern that such spending patterns are fuelling vote buying and other forms of financial inducement, thereby distorting the will of the electorate. He added that these practices erode public trust in Nigeria’s democratic institutions and weaken the credibility of the electoral process. “When elections become excessively expensive, governance suffers, as leaders may prioritise recouping campaign funds instead of focusing on service delivery,” Olukoyede said during his address.
Olukoyede also stressed that this development raises serious concerns ahead of the 2027 general elections, especially as political actors continue to disregard existing regulations on campaign financing. He called for stricter enforcement of electoral spending limits and stronger institutional frameworks to curb the influence of money in politics. “Tackling corruption in our political system requires addressing the root causes, including the rising cost of seeking public office,” he stated.
Nigeria’s electoral process has faced repeated criticism for being heavily monetised, with stakeholders urging reforms to lower financial barriers for candidates. The EFCC’s latest warning adds to calls for urgent action from government and political parties before the next election cycle. Attention is now focused on how institutions will respond to these challenges amid ongoing discussions on electoral reforms.
Nigeria News (Standard)
Super Eagles Ranked Second-Highest Among Teams Missing 2026 FIFA World Cup
Nigeria trails only Egypt in latest FIFA ranking of nations absent from North America tournament, highlighting missed opportunity
Nigeria trails only Egypt in latest FIFA ranking of nations absent from North America tournament, highlighting missed opportunity
The Super Eagles have emerged as the second-highest ranked national team not participating in the 2026 FIFA World Cup, according to the latest FIFA global football rankings released on Thursday. The announcement places Nigeria just behind Egypt among the notable African footballing nations that failed to secure a spot at the upcoming tournament slated for the United States, Canada and Mexico.
The new rankings were published by FIFA following the conclusion of World Cup qualifying matches across various continents. Nigeria, who had been widely tipped as favourites to qualify from their group, missed out on a ticket after failing to secure enough points during the qualification campaign. Egypt, also a traditional powerhouse in African football, similarly did not make it through.
This development comes as a major disappointment for Nigerian football fans and stakeholders, who had high expectations following the Super Eagles’ strong showing at previous Africa Cup of Nations (AFCON) tournaments and their history of regular World Cup appearances. Nigeria’s absence means West Africa will be represented by other countries such as Ghana and Senegal, while North Africa will rely on Morocco and Algeria.
The Nigeria Football Federation (NFF) has yet to issue an official statement in reaction to the rankings or the missed qualification. However, football analysts say the development underscores the need for urgent reforms within the national team set-up. Calls have intensified among supporters for changes in coaching staff and youth development strategies ahead of future competitions.
With global attention now shifting towards preparations for the expanded 2026 FIFA World Cup, Nigerian football authorities are expected to review their qualification campaign and chart a new path forward. Stakeholders maintain that building a more competitive squad and improving administrative structures will be crucial if Nigeria is to reclaim its place among world football’s elite at subsequent tournaments.
Nigeria News (Standard)
Senate Orders Arrest of Bandits Flaunting ₦100m Cash on TikTok in Kogi
Lawmakers urge Police Cybercrime Centre to track and apprehend suspects after viral social media giveaways by armed groups
Lawmakers urge Police Cybercrime Centre to track and apprehend suspects after viral social media giveaways by armed groups
The Senate on Thursday directed security agencies to intensify surveillance and arrest bandits and terrorists openly flaunting criminal proceeds on social media, especially TikTok, following alarming reports from Kogi State and other regions. The resolution came after a motion moved by Senator Sunday Karimi (APC, Kogi West) addressing the surge in attacks and digital display of illicit wealth by armed groups.
During plenary, Senator Natasha Akpoti-Uduaghan (PDP, Kogi Central) raised additional concerns over how criminals have shifted from covert operations to using digital platforms for self-promotion. She cited an incident where bandits allegedly distributed over ₦100 million within 30 minutes through a TikTok giveaway, questioning why the Nigerian Police Force National Cybercrime Centre had not tracked or arrested those responsible despite their visible online presence.
“Bandits and terrorists who carry out these activities live on their social media handles. Two days ago, bandits conducted a giveaway, distributing over ₦100m within the space of 30 minutes through their social media handles, especially TikTok,” Akpoti-Uduaghan said on the Senate floor. She called for coordinated action by relevant security agencies to monitor and apprehend such individuals exploiting social media for criminal gains.
The Senate’s directive was seconded by Senator Osita Ngwu (PDP, Enugu West) and received cross-party backing as lawmakers expressed concern about the growing intersection between insecurity and unchecked online activity by criminal networks. Senators stressed that failing to act would embolden more criminals to use digital channels to project influence and launder their image in public view.
With the resolution adopted, the Senate urged the Nigerian Police Force National Cybercrime Centre and other security agencies to prioritise tracking, monitoring, and arresting individuals publicising criminal operations online. The development signals a new phase in legislative efforts to counter both physical attacks and emerging cyber-enabled threats across Nigeria’s North-Central zone and beyond.
Source: https://punchng.com/just-in-senate-orders-arrest-of-bandits-flaunting-cash-on-tiktok/
Nigeria News (Standard)
Access Holdings Appoints Managing Directors for Two Key Subsidiaries in Lagos
New leadership expected to drive growth and strengthen corporate governance across Access Holdings’ banking and financial service arms
New leadership expected to drive growth and strengthen corporate governance across Access Holdings’ banking and financial service arms
Access Holdings Plc has announced the appointment of new managing directors for two of its major subsidiaries, signalling a fresh phase in the group’s leadership structure. The appointments, which were made public on Thursday in Lagos, are expected to reposition the subsidiaries for improved performance and operational excellence.
According to a statement from Access Holdings, the board approved the appointments as part of ongoing efforts to enhance governance and ensure that its subsidiaries are led by experienced professionals. The company stated that these changes align with its strategic objectives in Nigeria’s highly competitive financial sector.
Access Holdings operates through several subsidiaries, including Access Bank, one of Nigeria’s largest lenders by assets, and other financial service companies. The appointment of new managing directors comes at a time when the group is seeking to consolidate its position amid changing regulatory requirements and evolving market dynamics.
The company said the new managing directors have extensive experience in banking and finance, with proven track records of delivering results in complex markets. “Their leadership is expected to bring renewed focus on innovation, customer service, and compliance across our operations,” Access Holdings stated.
With these appointments, industry analysts expect Access Holdings to deepen its market share while strengthening risk management practices. The group has reiterated its commitment to supporting Nigeria’s economic growth by providing reliable financial solutions. Further details about the specific individuals appointed are expected to be released in subsequent statements.
Super Eagles Ranked Second-Highest Among Teams Missing 2026 FIFA World Cup
Super Eagles Hold Firm at 26th in FIFA Rankings Despite World Cup Absence
Senate Orders Arrest of Bandits Flaunting ₦100m Cash on TikTok in Kogi
Access Holdings Appoints Managing Directors for Two Key Subsidiaries in Lagos
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