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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£250,000 LIFELINE FROM MY DAD PUT ME IN OIL BUSINESS - OTEDOLA . (PHOTO).

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 £250,000 LIFELINE FROM MY DAD PUT ME IN OIL BUSINESS - OTEDOLA 


Billionaire businessman, Femi Otedola, revealed in his recently published memoir that a £250,000 loan facility from his dad gave him a foothold in the oil business.


The son of a former governor of Lagos State, Michael Otedola, Femi said he built Zenon Petroleum into one of Nigeria’s most prominent oil trading companies with that loan.


Apart from his success in oil and gas, Femi Otedola said he was able to record significant breakthroughs in power generation through Geregu Power, finance through First HoldCo Plc, as well as in shipping and real estate.


Otedola's memoir is titled "Making It Big: Lessons from a Life in Business" and released on August 18. It currently ranks number three on Amazon’s "Best Sellers in Business Biographies and Memoirs".

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