EFCC ARRAIGNS MAN FOR ALLEGED ₦55M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Man  for  Alleged ₦55m Fraud in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 3, 2025 arraigned one Gabriel Celestine Nwawuzor, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos for ₦55m fraud. Nwawuzor was arraigned alongside Moonlink Pharmaceuticals Limited, on a 3-count charge bordering on fraud and money laundering to the tune of N55,000,000 (Fifty Five Million Naira) One of the counts reads: "That you Gabriel Celestine Nwawuzor and Moonlink Pharmaceuticals Limited sometime in April, 2021, in Lagos, within the jurisdiction of this Honorable Court procured the account number 2170235882 domiciled in Zenith Bank to retain the sum of N55, 000, 000.00 ( Fifty Five Million Naira) which sum you knew forms part of the proceeds of your unlawful act and you thereby committed an offence contrary to Sections 21(a), 18(2)(d) of the of Money Laundering (Prevention and Prohibitio...
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PRESIDENT TINUBU CHAURS FEDERAL EXECUTIVE COUNCIL MEETING. (PHOTO).

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 President Tinubu chairs Federal Executive Council Meeting


President Bola Tinubu is presently chairing the Federal Executive Council meeting. The President arrived at the Council Chamber of the State House Abuja for the meeting at about 1:20 PM.


Members of the FEC consist of ministers and some presidential aides among others. Vice President Kashim Shettima is not present at the meeting as he is away for an official assignment in Dubai. He is also expected to proceed to Riyadh, Saudi Arabia for the lesser Hajj.


With exactly two weeks to the end of 2024, it is not certain if this will be the last meeting of the FEC in the year. 


However, President Tinubu is expected to lay the 2025 Appropriation Bill before the National Assembly on Tuesday, a day after FEC.

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