ALLEGED N8.7B FRAUD: MALAMI’S BANKERS FILED SUSPICIOUS REPORTS ON HIS TRANSACTIONS-WITNESS. (PHOTO). #PRESS RELEASE.

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Alleged N8.7b Fraud: Malami’s Bankers Filed Suspicious Reports on his Transactions-Witness The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of his transactions. The Economic and Financial Crimes Commission, EFCC, is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on amended 16-count charge, bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities to the tune of N8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Pro...
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2027: DELE MOMODU HINTS AT DUMPING PDP. (PHOTO).

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 2027: Dele Momodu hints at dumping PDP


Dele Momodu,  a renowned media mogul and publisher of Ovation International, has made a startling revelation about his disillusionment with the opposition Peoples Democratic Party (PDP), positing  that his commitment to the party has reduced drastically PM has learnt.

Momodu who spoke  during an interview on the Broadcasting Corporation of Oyo State (BCOS) programme on Tuesday afternoon,   lamented the deepening internal crisis within the party.

Momodu said that the growing disunity and internal wrangling in PDP  have left the party vulnerable and ineffective as a strong opposition force.

“My soul has left the PDP; only my body remains,” Momodu said, painting a vivid picture of his current detachment from the party’s affairs.

He expressed concern that unless the PDP resolves its internal divisions and presents a united front, it stands little chance of challenging the ruling All Progressives Congress (APC) in the 2027 general elections.

“If the PDP were united, it could easily defeat the APC in 2027. But too many forces, both from within and outside, are working tirelessly to undermine its potential,” he said.

Momodu also criticized the strategic moves by the APC to weaken the opposition, citing the increasing number of defections from the PDP to the ruling party as a deliberate attempt to destabilize the nation’s democratic balance.

“The ruling party’s strategy is clear: they want to fragment and incapacitate the opposition, making it difficult for any meaningful resistance to emerge,” he added.

His remarks come at a time when the PDP is witnessing an exodus of members to the APC, raising further questions about the party’s ability to recover and reassert itself ahead of the next electoral cycle.

Observers believe that Momodu’s statement could signal a broader wave of discontent within the PDP, especially among key stakeholders frustrated by the lack of cohesion and vision in the party’s leadership.

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