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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LAGOS, OGUN NIGERIA'S MOST ECONOMICALLY VIABLE STATES- REPORT.(PHOTO).#PRESS RELEASE.

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Lagos, Ogun Nigeria's most economically viable states-Report


Apart from Lagos, Nigeria's economic capital, Ogun State is Nigeria's most economically viable state, a report by Economic Confidential, a subsidiary of PR Nigeria, has shown.


Pointing to Ogun State's status as Nigeria's topmost investment destination after Lagos, the report showed that the Dapo Abiodun-led Ogun State outperformed Rivers State, which joined Lagos and Ogun on the list of economically viable states for the year 2022, along with Kaduna, Kwara, Oyo and Edo states.


The report compiled from figures released by the Nigerian Bureau of Statistics (NBS) and the Federal Account Allocation Committee (FAAC) showed that while Lagos received the sum of N370, 921, 413, 425.62 from the Federation Account and generated N651,145, 633.085 as internally generated revenue, Ogun, on the other hand, received N113,404, 027,439.22 from the Federation Account and generated N120,548, 157,140.78 internally.


On the other hand, Rivers State received N363.4bn from the Federation Account and generated N172bn; Kaduna received N155bn and generated N58bn; Kwara received N99bn and generated N35.7bn; Oyo received N181bn and generated N62bn, while Edo received N147bn in federal allocation and generated N47.4bn.


The results were made known during the presentation of the 2022 Annual States Viability Index Report in Abuja on Monday, showing that the total Internally Generated Revenue of N1.5trn from the seven most viable states in 2022, was almost twice the total IGR of 29 states together that merely generated about N650bn.


Six states, however, including Bayelsa, Akwa Ibom, and Katsina states, failed to generate up to 10% of the total allocations received from the Federal Government for 2022 and were declared insolvent states.


The six states that may not survive without the Federation Account due to their extremely poor internal revenue generation of less than 10% compared to their federal allocations are Bayelsa, Katsina and Akwa Ibom, with Bayelsa bottom of the list with N273bn federal allocation and only N15.9bn IGR, representing 5.81% of the allocations.


Kebbi State with N119bn FAAC allocation and N9bn IGR (7.67%) joins Katsina (N165bn FAAC allocation and N13bn IGR, (7.90%) on the list of economically unviable states, along with Akwa Ibom, which received N360bn and generated N34.8bn (9.66%); Taraba, which received N103bn and generated N10.2bn (9.91%); and Yobe, which received N105bn and generated N10.4bn (9.91%).


The poorly performing states were unable to attract investments due to socio-political and economic crises, including insurgency, kidnapping, armed banditry, and herdsmen-farmers clashes.

 

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