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Money Laundering: Court Grants ₦500M Bail to Ex-Warri Refinery MD

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A Federal High Court in Abuja has granted bail of ₦500 million to Jimoh Yisawu, the former Managing Director of the Warri Refining and Petrochemical Company Limited, who is facing an eight-count money laundering charge.

Yisawu pleaded not guilty to all counts when the charges were read to him before Justice Inyang Ekwo on Monday.

The Federal Government, through the prosecution, filed the charges on June 22, 2026, accusing Yisawu of violating the Money Laundering (Prevention and Prohibition) Act, 2022.

In the first count, prosecutors alleged that Yisawu indirectly converted over $789,950, said to be proceeds of unlawful activity, contrary to Section 18(2)(b) and punishable under Section 18(3) of the Act.

The second count accused him of making cash payments exceeding $789,950 to one Samaila Bala without routing the transaction through a financial institution. The fourth count alleged similar cash payments totalling $122,600 made through Rasheed Olaitan Yusuf outside the banking system.

Prosecution counsel Ekele Iheanacho (SAN) urged the court to fix a trial date, while defence counsel Wale Balogun (SAN) moved a bail application. Iheanacho opposed the bail, informing the court that a counter-affidavit had been filed.

Balogun told the court that his client had earlier been granted administrative bail by the prosecution and his international passport seized, pleading that the same terms be maintained.

After listening to arguments from both sides, Justice Ekwo granted bail in the sum of ₦500 million with one surety in like sum.

Relying on Section 162 of the Administration of Criminal Justice Act, 2015, the judge ordered that the surety must be a responsible Nigerian with landed property in Abuja and must submit proof of ownership to the court registrar.

Justice Ekwo further directed Yisawu to deposit his international passport with the court and barred him from travelling outside Nigeria without the court’s permission.

Pending the perfection of his bail conditions, the former refinery boss was ordered to remain in the custody of the prosecution.

The case has been adjourned to October 26, 27, and 28, 2026, for the commencement of trial.

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Crime

BREAKING: DSS Arrests Fugitive Maina Son, Hands Him to EFCC

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The Department of State Services (DSS) has arrested Faisal Abdulrasheed Maina, the fugitive son of former Pension Reform Task Team chairman Abdulrasheed Maina, and handed him over to the Economic and Financial Crimes Commission (EFCC).

Security sources said Faisal, who had been on the run since 2020, was trailed and apprehended by DSS operatives in the Karsana area of Abuja after intelligence indicated he had secretly returned to the country.

Faisal was earlier prosecuted by the EFCC on a three-count charge of money laundering and conspiracy. He jumped bail and fled the country. His trial continued in his absence, and in 2021 Justice Okon Abang convicted and sentenced him to 14 years’ imprisonment.

The court ordered that he be arrested wherever found in Nigeria and remanded in a correctional centre to serve his sentence. It also directed that, if located abroad, the Federal Government should take lawful steps to secure his extradition.

A source said the handover to the EFCC would facilitate enforcement of the court’s judgment and ensure Faisal serves his prison term.

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BREAKING: 5 Arrested Over Imo NYSC Abduction

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Three others escape with gunshot injuries…..

Operatives of the Department of State Services (DSS), the military and the police have arrested five suspected members of a criminal gang allegedly responsible for the abduction of 20 National Youth Service Corps (NYSC) members in Imo State.

The suspects were apprehended during a series of intelligence-led operations carried out between October 10 and 14 in Port Harcourt, Rivers State, and Aba South Local Government Area of Abia State. Three other suspects escaped during the raids with varying degrees of gunshot injuries.

The 20 corps members were abducted by armed men along the Owerri–Onitsha Expressway in Imo State on October 1, 2026 — Nigeria’s 66th Independence Day — while travelling to their orientation camps in Abia and Akwa Ibom states. They were rescued on October 7 during a joint security operation at Amakohia Ubi Village.

Security sources described the latest arrests as a major breakthrough in the effort to dismantle the network behind the abduction and bring the perpetrators to justice.

“This is a huge sigh of relief. Security agencies have been on a sustained manhunt for the abductors, and we are elated that they have been captured. We strongly believe they will be charged to court by the DSS and the corps members will get justice,” a security source said.

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‘Stop Giving Testimony In Church, And Why’ – Police IRT Commander

The commander cautioned against assuming that everyone attending church had good intentions, urging worshippers to exercise discretion when sharing sensitive personal information in public gatherings.

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A commander of the Nigeria Police Force Intelligence Response Team (IRT) has cautioned churchgoers against publicly disclosing details of their personal lives and achievements during church services.

The commander gave the warning during an IRT briefing on TV Platinum on Thursday, particularly cautioning worshippers attending evening services at churches on the outskirts of towns.

He said publicly sharing personal achievements before a congregation whose intentions were unknown could make worshippers vulnerable to criminal attacks, particularly when returning home after night services.

“After closing from evening service, such act that they plan will be implemented. You can’t go to a church located on the outskirts, and you go to evening prayer, and close in the evening, coming down to your home, after making testimony of what you have achieved in life,” he said.

The commander cautioned against assuming that everyone attending church had good intentions, urging worshippers to exercise discretion when sharing sensitive personal information in public gatherings.

“It doesn’t conform with common sense and rationality in the midst of gathering of people watching you, thinking that they are all men of God. No. Everybody has his own motive of going to the church,” he said.

The commander further called on churches that hold evening services to strengthen their security arrangements, particularly by monitoring access routes and exits to protect congregants before and after worship.

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