ALLEGED N69.15M FRAUD: WITNESS TELLS COURT HE PAID FOR PROPERTY NOT OWNED BY BLESSING CEO. (PHOTO). #PRESS RELEASE

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Alleged N69.15m Fraud: Witness Tells Court He Paid for Property Not Owned by Blessing CEO At the continuation of the trial of social media influencer Blessing Nkiruka, (a.k.aBlessing CEO), on Monday, October 12, 2026, a prosecution witness, PW1, Dr Onuoha Okeigwe, told Justice R. A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos, how he paid N69,150,000 for a five-year lease of a property allegedly represented to him as belonging to the influencer. Blessing CEO was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on June 9, 2026, on a two-count charge bordering on obtaining money by false pretence and stealing, involving N69,150,000. Count one reads in part: “That you, OKORO BLESSING NKIRUKA, on or about March 21, 2025, in Lagos, within the jurisdiction of this Honourable Court, by false pretence and with intent to defraud, induced Hope Chiropractic Health Clinic Limited to confer a benefit of N69,150,000 (Sixty-Nine Mil...
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THAILAND: NIGERIA, AFDB AGREE TO A JOINT REVIEW OF BANK PORTFOLIO. (PHOTO).

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 Thailand: Nigeria, AfDB Agree to a Joint Review of Bank Portfolio


Nigeria and the African Development Bank have agreed to a joint technical review of the Bank's portfolio in the country.


The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, reached the agreement with AfDB President Dr Sidi Ould Tah at the ongoing IMF and World Bank Annual Meetings in Bangkok.


The review will identify bottlenecks, speed up project delivery and align ongoing operations with the Federal Government's priorities. Both sides will also prepare an official visit to Nigeria by the AfDB President, which is expected to include talks with President Bola Tinubu.


Oyedele says Nigeria will remain the Bank's largest shareholder and will meet its capital subscription obligations,  pledging support to the Bank's Four Cardinal Points agenda.

On the high cost of borrowing, the Minister says credit ratings do not always reflect reform progress, which pushes up financing costs for countries like Nigeria. In response,  Dr Ould Tah discloses that the AfDB is developing a facility to help African governments engage rating agencies and present credible economic data.

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