Latest
Sh*ck Allegation: HEDA Sends EFCC Petition On Fayose–Obasanjo $20,000 Incident
The Human and Environmental Development Agenda Resource Centre (HEDA) has formally petitioned the Economic and Financial Crimes Commission (EFCC) to probe an alleged money-laundering transaction involving former Ekiti State Governor Ayodele Fayose and former President Olusegun Obasanjo.....KINDLY READ THE FULL STORY HERE▶
In the petition, signed by HEDA Chairman Olanrewaju Suraju, the group cited a November 25, 2025 media report in which Fayose admitted giving Obasanjo $20,000 in cash as logistics support for attending his 65th birthday celebration in Lagos. Obasanjo also publicly confirmed returning the cash.
HEDA argued that the statements by both men constitute a violation of the Money Laundering (Prevention and Prohibition) Act, 2022, which caps individual cash transactions at ₦5 million and requires larger sums to be processed through financial institutions. Section 19 of the Act prescribes penalties for breaches.
Suraju emphasized that the disclosures by Fayose and Obasanjo were clear admissions of prohibited financial transactions exceeding the legal cash limit. He urged the EFCC to promptly investigate and prosecute the matter to safeguard the integrity of Nigeria’s anti-money-laundering framework.
The organization warned that ignoring the incident could undermine efforts to curb dollarisation and erode public trust in anti-money-laundering enforcement. It referenced the recent conviction of Precious Uzondu for foreign-currency violations as evidence of the EFCC’s commitment to enforcing the law.
HEDA reaffirmed its dedication to promoting accountability and called on the EFCC to treat the matter with utmost seriousness.
Poor Network Crisis: NCC Orders Telcos To Pay Subscribers Airtime Compensation
2027 Lagos Race: Obasa Reveals Who Will Become Next Governor, Promises Victory At Polls
World Cup Alert: Rights Groups Warn US Over Safety Concerns Ahead Of Tournament
Oyo Guber: Adelabu Reveals Tinubu’s Message To Aspirants Ahead Of 2027 Elections
Nigerian Military Launches Court Martial Over Alleged Coup Plot Against Tinubu
Breaking: Federal Government Of Nigeria Bans Cement Importation, Releases Full List Of Restricted Goods
Breaking: Complete List Of Charges Filed Against Timipre Sylva And Alleged Coup Network Exposed
Supreme Court Shocks Kano Emirate Case, Adjourns Hearing Till 2027
Bold Warning From PDP Chieftain As Bode George Advises Tinubu To Avoid Sycophants
