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EFCC Arraigns Suspect Over Alleged N21m Theft

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The Economic and Financial Crimes Commission, EFCC, has arraigned a man identified as Nosakhare Osarobo Olawale for an alleged N21 million theft.

The EFCC stated this on a post on its social media handles on Wednesday.

The EFCC brought Olawale before Justice O. A. Okunuga of the Lagos State High Court sitting in Ikeja, Lagos, on Wednesday, February 18, 2026.

The suspect, it was learnt, is facing a two-count charge involving stealing of a sum of N21 million, before the Lagos State High Court, Ikeja, Lagos.

The commission reaffirmed its commitment to combat economic and financial crimes.

“The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, February 18, 2026, arraigned one Nosakhare Osarobo Olawale for an alleged N21m theft before Justice O.A. OKunuga of the Lagos State High Court sitting in Ikeja, Lagos.

“Olawale is being prosecuted on a two-count charge bordering on stealing to the tune of N21,000,000 (Twenty One Million Naira),” the commission said.

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Islam Is Innocent About Terrorism, Other Criminal Activities In Nigeria- FASON Declares

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Federation of Ahlus-Sunnah Organisations in Nigeria, FASON, has declared that Islam has no link with terrorism, banditry, kidnapping or any other criminal activities.

The Islamic group noted that anyone who believes in the teachings and principles of Islam will not engage in any form of criminal activities.…For more, Complete your reading.

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Aisha Yesufu Pushes For New Law Against Using Contractors As Bankers

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Socio-political activist, Aisha Yesufu, has advocated for the enactment of a law that would compel all levels of government in Nigeria to settle contractors’ invoices within 30 days of project completion or service delivery.

The proposal was contained in a post shared on Yesufu’s official social media page, where she argued that delayed payments to contractors have continued to affect businesses, infrastructure development and job creation across the country.

Yesufu suggested that any outstanding payment beyond 30 days should attract mandatory interest calculated at the prevailing Central Bank of Nigeria Monetary Policy Rate plus an additional five per cent.

“There is a need for a strong, enforceable law to be enacted that compels every tier of government to pay contractors all due invoices within 30 days, with mandatory interest on any delayed payment,” she stated.

She argued that many contractors complete projects only to face prolonged delays in receiving payment, a situation she said has pushed several businesses into financial difficulties.

“Contractors will deliver on their work only for governments to delay payments for months or years, pushing many businesses into distress and liquidation,” Yesufu said.

According to her, the proposed law would discourage the practice of using contractors as a source of unofficial credit for government projects.

“No more using contractors as unwilling bankers,” she added.

The activist further maintained that delayed payments to contractors remain a major challenge to economic growth, infrastructure delivery and employment generation in Nigeria.

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