TRUMP ISSUES PARDON TO FORMER REPUBLICAN CONGRESSMAN STEPHEN BUYER AFTER INSIDER TRADING CONVICTION. (PHOTO).

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Trump issues pardon to former Republican congressman Stephen Buyer after insider trading conviction    President Donald Trump has issued a full pardon to former Republican congressman Stephen Buyer, who served nearly two years in prison after being convicted of insider trading tied to post-congressional consulting work. Buyer was sentenced in 2023 to 22 months in prison for illegal stock trades made while working as a consultant and lobbyist. He was ordered to forfeit more than $350,000 in ill-gotten gains and pay a $10,000 fine. He was released from custody in 2025 after his conviction was upheld, with the Supreme Court declining to take up his appeal earlier this year. In issuing the pardon, Trump described Buyer’s service as a judge advocate general in the U.S. Army and his time in Congress as “distinguished and highly productive.” The pardon, dated Thursday and released by the White House on Friday, grants Buyer “a full, complete, and unconditional pardon.” Buyer has maint...

EFCC ARRAIGNS EX-CONVICT FOR ALLEGED N12M THEFT IN LAGOS. (PHOTO). #PRESS RELEASE


 EFCC Arraigns Ex-Convict for Alleged N12m Theft in Lagos


The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Ikoyi, on Monday, March 16, 2026, arraigned an ex-convict, Oluokun Gabriel Adekola, for an alleged 12m theft before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos.


Adekola was arraigned on a one-count amended charge bordering on stealing to the tune of N12,000,000 (Twelve Million Naira).


 


The lone count charge reads:

“That you, OLUOKUN GABRIEL ADEKOLA, and other persons at large, sometime in 2025 in Lagos within the jurisdiction of this Honourable court, collaborated with others to conceal and disguise the genuine origin of N12,000,000 paid into your account by transferring and converting same to cash through Point of Sale (POS) agents, money which forms part of N3,091,441,849 stolen from accounts domiciled with FCMB through unauthorized access and fraudulent activities on their mobile banking applications.”

 

He pleaded “guilty” to the charge when it was read to him.


Following his plea,   prosecution counsel, M. K. Bashir and E. S. Okongwu, asked the court for a date to review the facts of the case and sentence.


The prosecution also prayed that the defendant be remanded in a Correctional centre.


Justice Oshodi  adjourned the matter till March 17, 2026 for the review of facts and sentence, and also ordered that the defendant be remanded in a correctional centre.


Adekola had earlier been convicted on July 23, 2020 by Justice Joyce Abdulmalik of the Federal High Court, Ibadan, Oyo State, and sentenced to 20 years’ imprisonment for defrauding a Taiwanese  of $22,300, following his prosecution  by the Ibadan Zonal Directorate of the EFCC on a six-count amended charge of obtaining money by false pretence.

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