COURT JAILS TWO FOR N14.8M FRAUD IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Two for N14.8m Fraud in Maiduguri Justice B.T Zannah of the Borno State High Court sitting in Maiduguri, on Monday, July 13, 2026 convicted and sentenced two to three years imprisonment. The convicts are: Babagana Bukar and Hauwa Chabri.  The convicts were arraigned on Monday, July 13, 2026 by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a separate one -count charge for the offence of criminal misappropriation to the tune of N14,800,000.00 (Fourteen  Million, Eight Hundred Thousand Naira). The charge against Bukar reads: "That you, Babagana Bukar sometimes in 2025 at Maiduguri, Borno State within the jurisdiction of this honourable court, dishonestly misappropriated and converted to your own use the aggregate sum of N8,800,000.00 (Eight Million, Eight Hundred Thousand Naira)  money belonging to Bunu Gambo Liman, being amount given to you through Babakura Umar and Bello Adamu for the supplies of 100 bags of IRS...
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BORROWING WILL LAND NIGERIA INTO STATE OF BANKRUPTCY- PASTOR ADEBOYE.(PHOTO).

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Pastor Enoch Adeboye of the Redeemed Christian Church of God (RCCG), has said that borrowing may land the country into bankruptcy.

Adeboye rued oil theft in the country, saying that the country might go bankrupt if the trend is not checked.

‘Daddy G.O,’ as his followers call him, made this known during his Sunday service sermon on Sunday.

The cleric warned that the country’s debt to service revenue ratio might pose danger for decades.

Pastor Adeboye noted that over 90 per cent of Nigeria’s revenue from crude oil sales is used to furnish interest accruing on debt.

“We are borrowing more and according to a friend of mine, we are moving steadily towards a state of bankruptcy, a whole nation…,” the cleric said.

“That is why we are going to pray so that our children and children’s children do not keep paying debt. We are still borrowing.”


 

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