News
Emefiele loses bid to stop $4.5bn, N2.8bn fraud trial

Former governor of the Central Bank of Nigeria, Godwin Emefiele has lost the chance to stop the $4.5bn, N2.8bn fraud trial after the Lagos State Special Offences Court, on Wednesday, dismissed an application filed by the former governor, challenging the court’s jurisdiction to entertain the fraud charges brought against him by the Economic and Financial Crimes Commission.
Justice Rahman Oshodi, in his ruling, held that the court had the jurisdiction to try Emefiele and his co-defendant, Henry Omoile.
The judge, however, struck out four of the 26 counts filed by the EFCC against the defendants for lack of jurisdiction.
Justice Oshodi explained: “Allocation of foreign exchange without reason is not defined as an offence under any written law. The objection to counts one to four succeeds and is hereby struck out.
“The objection challenging the court’s territorial jurisdiction over counts eight to 26 fails and is hereby dismissed.
“The prosecution has established sufficient territorial nexus in this case.
”The judge subsequently adjourned the case for trial continuation on February 24, 2025.
The EFCC had arraigned Emefiele on 26 charges, bordering on abuse of office and illegal allocation of $4.5bn and N2.8bn.
At the last adjourned date on December 12, 2024, Emefiele’s counsel, Mr. Olalekan Ojo (SAN), argued that the court lacked jurisdiction to hear the case in Lagos.Ojo contended that the alleged offences, including abuse of office, fell outside the territorial reach of the Lagos Special Offences Court.
He also argued that the charges violated Section 36(12) of the Nigerian constitution, asserting that the alleged offences were not legally recognised under Nigerian law.
Furthermore, Ojo emphasised that since the Lagos State House of Assembly does not have legislative authority over matters on the Exclusive Legislative List, Section 73 of the Criminal Law of Lagos State (2011), under which counts one to four were filed, cannot apply extraterritorially to the alleged abuse of office by Emefiele.
Ojo added that a court’s territorial jurisdiction is limited to the geographical area within which its authority can be exercised and urged the court to strike out counts one to four of the amended charges filed by the EFCC on April 4, 2024.
In response, EFCC counsel, Mr. Rotimi Oyedepo (SAN), argued that the court had the authority to hear the case.
Oyedepo contended that the alleged crimes were economic and financial in nature, falling within the EFCC’s jurisdiction.
He also maintained that substantial evidence supported Lagos as the appropriate venue for the trial.
According to Oyedepo, the subject matter of the charges clearly fell within the court’s jurisdiction since the offences were committed within its territorial reach.
He noted that evidence and witness testimonies pointed to Lagos as the proper location for the trial and argued that the objections raised by Emefiele’s legal team lacked factual or evidential support.
Following the arguments, Justice Oshodi initially adjourned the case to January 7, 2025, for a ruling on the application challenging the court’s jurisdiction.
However, the ruling was not ready on that date, prompting an adjournment to Wednesday, January 8, 2025.
The case has now been adjourned to February 24 and 26, 2025, for the continuation of trial.
News
BREAKING: Tinubu to meet Obasa, Lagos Assembly members in Abuja

President Bola Tinubu is scheduled to meet with the Lagos State House of Assembly, at the Presidential Villa, Abuja.
Already, the Speaker, Mudashiru Obasa, arrived at about 2:50 pm, while his colleagues had earlier arrived in two coaster buses.
The meeting may not be unconnected with the recent leadership crisis in the State House of Assembly.
The Speaker, Rt. Hon. Obasa was impeached by some of his colleagues but he was later reinstated after the intervention of the political leaders especially the Governing Advisory Council, GAC.
Despite the Speaker’s reinstatement, it was gathered that the bad blood as a result of his impeachment is yet to be over.
Details later…
International
UK, Nigeria launch creative industries technical Working Group

The UK and Nigeria have officially launched the Creative Industries Technical Working Group, marking a pivotal development in the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP).
This partnership aims to deepen bilateral ties and create a robust framework for growth within the creative sectors of both nations.
A statement by the UK High Commission in Lagos said the launch of this working group and a match-making event for UK-Nigeria creative industries leaders today in London represents a milestone in the UK-Nigeria relationship, designed to boost innovation, cross-border creative collaborations, and sustainable economic growth and development.
It said both events provided a dynamic platform to explore new opportunities and form commercial alliances within key creative subsectors such as Film and TV, Music, Fashion & Design, Architecture, Advertising, and Gaming.
The initiative is poised to foster long-term growth, enhance job creation, and unlock new pathways for creativity and innovation in both countries by prioritising collaboration and cultural exchange.
Speaking on the significance of the launch, Florence Eshalomi MP, the UK’s Trade Envoy to Nigeria and Co-Chair of the UK-NG Creatives Technical Working Group, said: “Today marks a significant moment as we launch the UK-Nigeria Creatives Working Group.
Our nations share a rich cultural bond and a deep belief in the transformative power of creativity, through music, film, fashion, and the arts.
“This initiative, rooted in our landmark Enhanced Trade & Investment Partnerships (ETIP), will drive stronger trade ties, foster deeper collaboration, and unlock the full potential of our creative industries.
“By enhancing market access and investing in skills, we are opening doors to new opportunities that will create jobs and boost economic growth in the UK and Nigeria.”
Emphasising the need for deeper creative and cultural ties, Mr Obi Asika, Director General of the National Council for Arts and Culture and Co-Chair of the UK-NG Creatives Technical Working Group in Nigeria, said: “Nigeria’s creative economy is a global force, driven by our storytellers, musicians, designers, and digital innovators.
From Nollywood to Afrobeats, fashion to gaming, our industries are reshaping global culture and commerce.
“However, to unlock the full potential of this sector, we need strategic investment and support not just in talent, but in the institutions and infrastructure that will sustain long-term growth.”
Representing Mr., Obi Asika from the Nigerian side, Prince Baba Agba, Special Assistant to the President of Nigeria on Creativity, underscored the importance of leveraging UK expertise for impactful collaborations, adding:
“The UK’s creative industries stand as a global benchmark for institutional excellence, market distribution, and innovation.
We are eager to tap into your expertise for meaningful partnerships.
“This Working Group isn’t just about discussions – it’s about taking concrete actions that will yield tangible outcomes for creators, businesses, and industry stakeholders on both sides.”
News
BREAKING: Fubara denied access to present budget, locked out of Rivers Assembly complex (Video)

Rivers State Governor, Siminalayi Fubara was on Wednesday denied access to the Rivers State House of Assembly quarters, where lawmakers currently hold plenary sessions.
ohibaba.com gathered that the governor arrived at the Assembly quarters on Wednesday morning to present the state 2025 budget but was met with a locked gate, preventing his entry.
Fubara had earlier pledged to implement the Supreme Court judgment, which includes the formal presentation of the 2024 budget.
The budget was initially presented to a four-member Assembly faction in December 2023.

Last week, the Assembly issued a 48-hour ultimatum for the governor to present the 2025 budget.
In response, Fubara stated that he was awaiting the Certified True Copy, CTC, of the court judgment before proceeding.
On Sunday, in a letter signed by the Secretary to the State Government, Tammy Danagogo, and addressed to Speaker Martins Amaewhule, Fubara invited lawmakers for discussions on the Supreme Court ruling.
The discussions were expected to cover issues such as the budget presentation and the payment of outstanding salaries to the legislators, amongst other issues to chart a way forward for the state.
Watch video below:
Video source: ChannelsTV
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