PRESIDENT TINUBU TO PRESENT 2026 BUDGET ON FRIDAY, DECEMBER 19.(PHOTO).

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 President Tinubu to Present 2026 Budget on Friday, December 19 President Bola Tinubu is set to present the 2026 Appropriation Bill to a joint session of the National Assembly on Friday, December 19, 2025. Ahead of the presentation, a formal communication from the Presidency will be read on the floor of the House of Representatives on Thursday, December 18, notifying lawmakers and staff of the President’s appearance. The notification follows a letter dated December 17, 2025, signed by Adm. Essien Eyo Essien, Secretary of Human Resources and Staff Development, on behalf of the Clerk to the National Assembly, Kamoru Ogunlana. The letter was also copied to the Deputy Clerk and heads of departments. According to the letter, President Tinubu, in his capacity as Commander-in-Chief of the Armed Forces, will deliver the proposed 2026 budget at 2:00 p.m. on Friday. Security and access arrangements have been outlined, requiring all accredited persons to be at their posts by 11:00 a.m., while...
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EFCC ARRAIGNS FOREX BROKER FOR ALLEGED N112M FRAUD IN ENUGU. (PHOTO).#PRESS RELEASE

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 EFCC Arraigns Forex Broker for Alleged N112m Fraud in Enugu

 

The Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC has arraigned one Daniel Chukwuka Koussou, a forex broker before Justice C. O. Ajah of the State High Court sitting in Independence Layout, Enugu State.

 

He was arraigned  on a one-count charge bordering on criminal conversion and stealing to the tune of N112, 800, 800. 00 (One Hundred and Twelve Million, Eight Hundred Thousand, Eight Hundred Naira).

 

The lone count charge reads; “That you, Daniel Chuwuka Koussou sometime in July 2022, in Enugu, Enugu State within the jurisdiction of this Honourable Court did commit a felony to wit: stealing by fraudulently converting to your own use the sum of N112, 800, 800. 00 (One Hundred and Twelve Million, Eight Hundred Thousand, Eight Hundred Naira), property of Chinedu Igbokwe and thereby committed an offence”.

 

The offence is contrary to Section 342 of the Criminal Code Law, Cap 30 of the Laws of Enugu State and punishable under Section 353 (1) of the same Law.

 

The defendant pleaded not guilty when the charge was read to him.

 

In view of his plea, counsel to the EFCC, Ahmad Yusuf Abdullahi prayed the court for a trial date and for the defendant to be remanded at Enugu State Correctional facility.

 

However, the defence counsel, Ogechukwu Agbo informed the court about a motion on notice for bail for her client.  Abdullahi vehemently opposed the said application on the grounds that “the defendant might jump bail considering the weight of the allegation my lord”.

 

After listening to both sides, Justice Ajah granted bail to the defendant in the sum of N50, 000, 000. 00 (Fifty Million Naira) and two sureties in like sum. The sureties must be resident within jurisdiction. They must swear an affidavit of means, show evidence of tax payment for the past three years, deposit two full size photographs, be public servants of not less than Grade Level 16 and they must be verified in writing by the prosecution.

 

The defendant was thereafter remanded at the Enugu State Correctional facility pending the fulfilment of the bail conditions.

 

 Koussou was arrested following claims of a petitioner who alleged that he sent $276, 000 to the defendant, a supposed agent for Providus Bank, to convert into Naira and return same.

 

According to the petitioner, on July 6, 2022, Providus Bank paid Koussou the full money in Naira but the defendant sent part-payment of N21, 759, 771 to him (the petitioner) and diverted the rest for his personal use.  All efforts made to get him to pay up proved abortive.

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