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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CONGRATULATIONS, NIGERIA SHOULD NOT BORROW IF ECONOMY IS STABILIZING – PETER OBI TELLS TINUBU. (PHOTO).

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 Congratulations, Nigeria should not borrow if economy is stabilizing – Peter Obi tells Tinubu


Former Labour Party presidential candidate, Peter Obi has congratulated President Bola Tinubu following his claim that Nigeria has achieved its revenue target for the year.


Speaking on Tuesday, Tinubu had said Nigeria has met its revenue target for the year and his administration is currently stabilizing the economy.


However, Obi noted that Nigeria should not be borrowing and citizens should feel the impact in their daily lives if the economy is stabilizing.


In a post on X titled ‘What does Achieving Revenue Target mean to Nigerians?’, Obi wrote: “The President has announced that our nation’s revenue target for the year has now been achieved by August, which could mean a stabilising economy.


“Congratulations Mr. President. But Mr. President, if indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives.


“Borrowings must stop now. Huge Contractors’ bills, which are still owed should be paid, and critical underfunded projects must now be funded.


“Our educational facilities and hospitals are still in terrible condition. True economic stability is not in figures announced at press conferences, but in classrooms where children learn, in well-equipped labs and access to learning tools, in hospitals, where citizens can receive quality care, equipped with adequate facilities.”

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