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How Falana, others, developed cold feet, bungled stolen N70trillion public funds case – judge
A palpably disillusioned Justice Peter Lifu of the Federal High High Court sitting in Lagos, has recounted how the Federal Government through its lawyers, practically abandoned midway, a suit seeking to recover and forfeit the sum of N70trillion public money it alleged was stashed in 29 bank accounts by looters.
The judge narrated how the pursuit for the recovery of the money, warehoused in banks by looters in the Nigerian civil service and said to be so huge that it could fund Nigeria’s budget for three years, and the looters, was hit by the lukewarm attitudes of the lawyers that filed it.
Lifu, who made the revelation before striking out the case, blamed the private lawyers hired by the FG to prosecute the matter, saying after obtaining the fiat, for that purpose they failed to diligently prosecute the case for several months, by springing one excuse or the other.
He particularly named the Mohammed Ndarani (SAN), to Femi Falana (SAN), the Plaintiffs/Applicants’ Counsel, as the culprits, saying they “suddenly developed cold feet over this alleged public interest case.”
The case which had the Federal Government of Nigeria and the Attorney-General of the Federation/ Minister of Justice are the Plaintiffs/Applicants in suit FHC/L/CS/968/2021 involved 19 Defendants/Respondents, including 17 banks, named as Zenith Bank Plc, Polaris Bank Plc, Citi Bank Ltd, Stanbic IBTC Bank Plc, Standard Chartered Bank Plc, Sterling Bank Plc, Union Bank Plc, Unity Bank Plc.
Other defendants were named as Keystone Bank Plc, Heritage Bank Plc, First Bank Plc, United Bank For Africa Plc, Fidelity Bank Plc, Eco Bank Plc, Guaranty Trust Bank Plc, Wema Bank Plc, Access Bank Plc, Nigerian Agip Oil Company Ltd and the Nigerian National Petroleum Corporation.
The government filed the suit through an ex-parte motion of August 5, 2021 before Justice Tijani Ringim during the court’s annual vacation.
Justice Tijani Garba Ringim, who originally handled the matter as a vacation judged, and upheld the applicants’ motion while also making an interim order freezing the accounts on August 6, 2021, had handed it over to Lifu on September 22, 2021.
Lifu, who began hearing the matter on November 24, 2021, and on May 27, 2022, while vacating Ringim’s ex-parte order following the Plaintiffs/Applicants’ failure to comply with the it after over nine months, while delivering judgment on the substantive suit, criticised the Federal Government for not diligently prosecuting the suit.
Regretting that since the vacation of the interim order: “It has been back and forth, with various excuses, applications for adjournment at the instance of the Plaintiffs/Applicants counsel, Mohammed Ndarani Esq. (SAN).
“From all indications, the instant case has clearly lost its stance as the Plaintiffs/Applicants seem not to be interested in the matter any longer having failed consistently to be present in court since 9th December 2021.
“The Chambers of Femi Falana SAN that just filed Notice of Change of Counsel on the last adjourned date has suddenly withdrawn appearance today. Going through the Originating Process filed by Mohammed Ndarani Esq. SAN, which is no longer extant as the Ex-parte Order was set aside on 27th May 2022, there is nothing left again for this Court to adjudicate upon.
“It is amazing that the Plaintiffs/Applicants Counsel from Ndarani SAN to Falana SAN have suddenly developed cold feet over this alleged public interest case which has generated so much public interest on the issue of an alleged N70trillion hidden in some accounts, allegedly belonging to some public officers.
“In the circumstances of this case therefore the application of the Learned Counsel for NNPC, M. T. Danzaki Esq.,and Access Bank Plc, I. S. Etefia Esq., succeeds. This case is hereby struck out for want of diligent prosecution and I make no order as to cost.”
More successes are being recorded by Nigerian forces trying to rout out terrorist in parts of the country, with emerging reports indicating that the perpetrators are currently running scared from the hot onslaughts they are getting from the operatives.
Channels Television, is quoting military authorities at the Operation Hadin kai (OPHK) conducting military blitzkrieg against the terrorists in the North East as saying that the troops received six Islamic State of West African Province (ISWAP), one of the major terrorist groups operating in the area, who surrendered alongside their families, at the 192 Battalion (Main) Sector 1 of the body.
Quoting a statement on Wednesday by Mohammed Goni, spokesman of the military operation, with headquarters in Maiduguri, Borno State, the report, said that among the items recovered from the terrorists and their families included a cumulative sum of more than N1.5 million, two Tecno mobile phones, and other items.
Th statement, added that troops of 115 Task Force Battalion, while conducting ongoing search and rescue operations in Askira/Uba Local Government Area of Borno State, on July 7, rescued two additional abductees from a terrorist hideout, where they also recovered cash of N1.2 million suspected to be proceeds of criminal activities, food items, and other logistics believed to have supported terrorist operations.
The rescued victims have since been evacuated to a secure location where they are receiving appropriate medical care and psychosocial support, the report said, adding that during the same period, the troops noted that it contained a coordinated attack by ISWAP terrorists in Borno, and one of the soldiers was killed.
“Although the insurgents briefly exploited a section of the base’s defensive perimeter during the intense firefight, the troops rapidly regrouped, mounted a determined counter-offensive and decisively expelled the attackers, inflicting significant casualties and forcing the surviving terrorists to flee with varying degrees of gunshot wounds.
“Regrettably, one gallant soldier paid the supreme price, while two gun-trucks and some combat enablers sustained damage during the engagement. The situation at FOB Logomani remains firmly under the control of Operation HADIN KAI troops, with reinforcements deployed, exploitation operations ongoing and additional measures being implemented to further strengthen the defensive resilience of the location.”
Detailing how troops of 232 Battalion apprehended a notorious criminal in Gombi Local Government Area of Adamawa State, the statement, said: “Follow-up exploitation of the arrest led to the recovery of one AK-47 rifle, two magazines, and twenty-eight rounds of 7.62mm special ammunition.
“The suspect and recovered items are currently in military custody, while further investigations are underway to identify and apprehend other members of the criminal network.”
Similarly, the statement said troops of the 149 Battalion arrested two suspected terrorist logistics suppliers in the Mobbar Local Government Area of Borno State.
The recovered items include cash sums, a Volkswagen Golf vehicle, construction materials, household items, and other supplies suspected to have been destined for terrorist elements.
The suspects are currently undergoing interrogation, while the recovered items remain in military custody as investigations continue.
As part of ongoing offensive operations, troops of 24 Task Force Brigade, in conjunction with members of the Civilian Joint Task Force, conducted a clearance operation on known terrorist enclaves around Wulgo.
During the operation, the troops said they exploited the terrorists’ hasty withdrawal and recovered a sack containing assorted illicit drugs abandoned by the fleeing insurgents.
“The recovery further underscores the sustained pressure being mounted on terrorist elements, denying them freedom of movement and disrupting their operational capabilities.”
Relatedly, the troops apprehended a suspected BHT/ISWAP logistics supplier at the Molai checkpoint in possession of large quantities of medical supplies without due clearance. The suspect and items recovered are in custody for further interrogation.
Again, in Sector 2 Area of Responsibility, Troops of 233 Tank Battalion, in conjunction with local hunters, intercepted and arrested a suspected BHT/ISWAP terrorist logistics supplier from Ngirya village of Tarmuwa LGA with five motorcycle tires. The suspect and items are in military custody for investigation.
“These latest operational gains underscore the effectiveness of sustained offensive operations, actionable intelligence and the seamless collaboration among security agencies and auxiliary forces in dismantling terrorist logistics networks, disrupting criminal activities and protecting vulnerable communities across the North East”, the statement added.
Headquarters Operation HADIN KAI assured the public that ongoing search and rescue operations will continue with unwavering resolve until every abducted person is accounted for and safely reunited with their families.
“The Theatre Command also issues a stern warning to individuals involved in supplying food, fuel, construction materials, transportation or any other form of logistics to terrorist groups to immediately desist. Anyone found aiding, abetting or collaborating with terrorist elements, directly or indirectly, will be identified, apprehended and prosecuted in accordance with the law.”
Peter Obi, candidate of the Nigeria Democratic Congress (NDC), in the 2027 presidential election, is insistent President Bola Tinubu has so battered the Nigerian economy that Nigerians with thriving businesses are now selling kulikuli – a local groundnut cake snack.
Obi, former Governor of Anambra State, who contested the same election in 2023, where Tinubu was declared winner by the Independent National Electoral Commission (INEC), told Chude Jideonwo, a popular social media programme host, while appearing in his #WithChude podcast, that the way things were going today, the President had nothing more to offer Nigeria than more misery.
Citing a situation in which Tinubu had taken Nigeria from the 87 million poor people to the current figure of 140 million in his three years of governance, Obi, said the idea of Renewed Hope the President sold the country through his All Progressives Congress (APC), indicated a total collapse of the economy and a complete mess of the system that must result in him throwing in the towel and going home to take his rest.
Hear him: “Those who jumped into Tinubu’s experimental things that this man did this or did that and is going to create a future, have seen that the whole thing has become a mess. Renewed Hope has now become Renewed Hopelessness.
“When President Tinubu came into power, 87million Nigerians were living in poverty, today it is 140million. We were number five below where we are today in hunger-list. Today, it has increased. Everything has gotten worse. We are no longer talking about ghost workers now, you can see where we’ve gotten.
“So, everything – insecurity – everything is getting worse. Which hope are they going to renew again? You can’t renew failure. So, the only thing to do now is to plead with them – there is a way you fail in school and they’ll ask you to leave the school.
“Tinubu’s supporters have joined my supporters. They have, because they’ve seen it themselves. Nobody can tell you that things are moving well. What are you going to do now? Those who had businesses – people who had businesses before he came into power – they’re now the people who’re selling kulikuli.”
President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate major technology companies and Generative Artificial Intelligence (AI) platforms operating in Nigeria over allegations of anti-competitive practices, unlawful exploitation of news content and other potentially unfair market conduct.
The investigation follows a joint petition submitted to the Presidency by the Nigerian Press Organisation (NPO), comprising the Newspaper Proprietors’ Association of Nigeria (NPAN), the Nigeria Union of Journalists (NUJ), the Broadcasting Organisations of Nigeria (BON), and the Guild of Corporate Online Publishers (GOCOP).
Announcing the development in a statement on Monday, the FCCPC said the directive was conveyed by the Minister of Information and National Orientation, Mohammed Idris.
“The Federal Government’s position was communicated to the FCCPC in a letter signed by the Honourable Minister of Information and National Orientation, Alhaji Mohammed Idris. The investigation promises to open a new vista in Nigeria’s media history.
“In recent years, concerns have been raised by the Nigerian media industry over the growing impact of certain digital platforms on the sustainability of the country’s news ecosystem. Specifically, the NPO is increasingly uncomfortable with major technology companies including Meta, Alphabet, X (formerly Twitter), and certain generative AI platforms, citing practices capable of undermining fair competition, the commercial viability of Nigerian media organisations, and the legitimate rights of content creators and publishers,” the Commission stated.
Reacting to the directive, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, said the Commission would conduct an independent, transparent and evidence-based investigation.
“We recognise the strategic importance of the media to Nigeria’s democracy and the equally significant role of technology in driving innovation and economic growth. Our responsibility is to objectively determine the facts and ensure that competition within the digital ecosystem remains fair, transparent, and consistent with Nigerian law,” Bello said.
He stressed that the investigation should not be interpreted as a presumption of wrongdoing against any organisation, but as an opportunity to establish the facts through due process.
“Every party will be accorded a fair opportunity to present relevant information before any conclusions are reached. In specific terms, FCCPC will determine whether the practices in question constitute a breach of the Federal Competition and Consumer Protection Act (FCCPA) 2018 or any other applicable law.
“In the past, FCCPC had investigated META and in 2025, won a landmark case against the tech giant for violations of FCCPA, including data breach, for which the tech giant was fined $220m. Meta has, however, appealed the fine,” the statement signed by Director of Corporate Affairs, Ondaje Ijagwu, added.
According to the FCCPC, the investigation will examine allegations of market dominance and potential anti-competitive conduct by the companies involved.
It will also probe claims of unauthorised extraction, scraping, ingestion or commercial use of copyrighted news articles, broadcast materials and other original journalistic content for developing and training Generative AI models.
Another key area of inquiry is the allegation that Nigerian news publishers have been denied meaningful opportunities to negotiate fair compensation or appropriate commercial arrangements for the use of their journalistic content.
The Commission noted that similar concerns had previously been raised in South Africa, where, following an investigation by the South African Competition Commission, it said Google agreed to compensate South African news media with R688 million ($40 million) annually for three to five years.
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