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Gabonese President Confers Prestigious Honours on Tony Elumelu

I am truly humbled by this honour. It is a reflection not just of my personal journey, but of a shared belief – that African-led solutions, African entrepreneurs, and African institutions will shape the future of this continent

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Gabonese President Oligui Nguema, in a handshake with Tony Elumelu.

The President of the Republic of Gabon, His Excellency, General Brice Clotaire Oligui Nguema, has conferred the nation’s prestigious national honours – the Commander in the National Order of Gabonese Merit – on the Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu.

The distinguished award recognises Elumelu’s enduring contribution to Africa’s economic development, particularly his impact on youth entrepreneurship and infrastructure growth in Gabon and across the continent.

The recognition was conferred on him at the presidential palace in Libreville on Monday.

Oligui Nguema, who was recently sworn in as the newly elected President of the oil-rich country, praised Elumelu’s commitment to inclusive and sustainable development in Africa

‘Tony Elumelu is not only a visionary entrepreneur but also a committed friend of our nation Gabon.

Through his Foundation and the UBA Group, he has consistently shown that investing in Africa is not just good business – it is the key to our shared future.

Today, we honour a man whose actions continue to empower young Africans and inspire nations.”

While acknowledging the recognition, Elumelu, who has made several high-level visits to Gabon in recent months, expressed deep gratitude for the recognition and reaffirmed his commitment to supporting the country’s development agenda.

“I am truly humbled by this honour. It is a reflection not just of my personal journey, but of a shared belief – that African-led solutions, African entrepreneurs, and African institutions will shape the future of this continent.

“Gabon holds enormous potential, and I am proud that the Tony Elumelu Foundation and UBA Group can play a role in unlocking it,” Elumelu said.

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Crime

UPDATE: Court Remands Former AGF Abubakar Malami, Son, and Associate in Kuje Prison Over Money Laundering Charges

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A Federal High Court in Abuja has ordered the remand of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), his son Abdulaziz Malami, and an associate, Hajia Bashir Asabe, at the Kuje Correctional Centre pending the hearing of their bail applications on January 2, 2026.

The defendants were arraigned on Tuesday before Justice Emeka Nwite on a 16-count charge of alleged money laundering filed by the Economic and Financial Crimes Commission (EFCC). All three pleaded not guilty to the charges, which involve conspiracy to conceal, retain, and disguise proceeds of unlawful activities amounting to billions of naira.

The alleged offences, said to have occurred between 2015 and 2025, include using corporate entities and bank accounts to launder funds, retaining large sums of cash as collateral for loans, and acquiring high-value properties in Abuja, Kano, Kebbi, and other locations.

Some of the acts are alleged to have taken place during Malami’s tenure as Nigeria’s chief law officer, contravening the Money Laundering (Prohibition and Prevention) Acts of 2011 (as amended) and 2022.

Specific counts include the concealment of over ₦1.014 billion in a Sterling Bank account through Metropolitan Auto Tech Limited between July 2022 and June 2025, and the use of illicit funds to purchase luxury properties in Abuja districts such as Maitama and Asokoro.

Following the not-guilty pleas, defence counsel Joseph Daudu (SAN) made an oral application for bail. However, EFCC prosecutor Ekele Iheanacho (SAN) opposed it, noting that a written bail application had been served on the prosecution late the previous night and requesting time to respond.

Justice Nwite ruled that pursuing both oral and written applications simultaneously would undermine fair hearing principles and potentially “ambush” the prosecution.

He declined the oral request and adjourned the matter to January 2, 2026, for the formal bail hearing, ordering the defendants’ remand in Kuje Correctional Centre in the interim.

Malami had been in EFCC custody since early December following investigations into the allegations.

The case marks a significant development in the anti-graft agency’s probe into suspected financial irregularities linked to the former minister.

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Updated: Malami, son plead not guilty in alleged money laundering case, denied bail till January 2 hearing

Among the charges are large-scale money laundering and the illegal acquisition of properties worth over N8.7 billion.

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•Abubakar Malami in the FHC Abuja, Tuesday, 30 December 2025.

Trial Justice Emeka Nwike issued the remand order after he rejected an oral bail application the defendants made through their team of lawyers led by Mr J. B. Daudu, SAN.

The court stressed the need to allow the Economic and Financial Crimes Commission (EFCC), which opposed the release of the defendants on bail, to file its counter-affidavit.

The former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, his son, and one other person pleaded not guilty to alleged money laundering on Tuesday.

Malami and the others were arraigned before the Federal High Court in Abuja after the Economic and Financial Crimes Commission (EFCC) had filed a 16- count charges against him, his son, Abubakar Abdulaziz Malami, and an associate, Hajia Bashir Asabe.

Among the charges are large-scale money laundering and the illegal acquisition of properties worth over N8.7 billion.

The EFCC’s witnesses include investigators, bank officials, bureau de change operators, and company representatives.

Consequently, the court ordered that Malami, alongside his son, Abdulaziz, and an accomplice, Hajia Bashir Asabe, should remain in Kuje prison till January 2, 2026, when their formal request for bail would be considered.

The Trial Justice Emeka Nwike issued the remand order after he rejected an oral bail application the defendants made through their team of lawyers led by Mr J. B. Daudu, SAN.

The court stressed the need to allow the Economic and Financial Crimes Commission (EFCC), which opposed the release of the defendants on bail, to file its counter-affidavit.

Details later…

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NISO restores national grid after nationwide blackouts

The previous day,there was a nationwide blackout as the Nigerian Electricity Supply Industry (NESI) recorded 0Mw total energy generation at 16:00 hour.

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• A power generation site

The Nigeria Independent System Operator (NISO) has restored the national grid to 2,126 megawatts (Mw) total energy generation at 20:00 hour.

The previous day,there was a nationwide blackout as the Nigerian Electricity Supply Industry (NESI) recorded 0Mw total energy generation at 16:00 hour.

NISO also raised the total energy sent to the 11 electricity Distribution Companies (DisCos) to 1,895Mw at 21:02 hours.

The grid developed issues that the NISO was yet to report its cause and restoration measures at press time, leading to the cut in the supply to the 11 electricity Distribution Companies (DisCos) from the average of 4,000MW on a normal day.

According to the NISO website dashboard, the system dipped from 148.30MW at 15:00 hour.

On its distribution profile, the NISO revealed that total energy sent to the 11 electricity Distribution Companies (DisCos) at 16:46hour was 305MW.

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