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Court grants ex-Warri refinery MD ₦500m bail

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The Federal High Court in Abuja on Monday granted bail of ₦500m to the former Managing Director of the Warri Refining and Petrochemical Company Limited, Jimoh Yisawu, who is standing trial on an eight-count charge bordering on alleged money laundering.

Yisawu, who is the sole defendant in Charge no. FHC/ABJ/CR/361/2026, pleaded not guilty to all eight counts after they were read to him before Justice Inyang Ekwo.

The charge, dated and filed on June 22, 2026, was brought by the Federal Government.

The prosecution, led by Ekele Iheanacho (SAN), told the court that the defendant allegedly committed offences contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.

In the first count, the Federal Government alleged that Yisawu “indirectly converted the aggregate sum of over $789,950… being proceeds of unlawful activity,” contrary to Section 18(2)(b) and punishable under Section 18(3) of the Act.

In the second count, the prosecution alleged that he made cash payments exceeding $789,950 to one Samaila Bala without using a financial institution, contrary to the provisions of the anti-money laundering law.

In the fourth count, the government further alleged that Yisawu made cash payments totalling $122,600 through one Rasheed Olaitan Yusuf outside the banking system and due process, in violation of the anti-money laundering law.

Following the defendant’s plea, Iheanacho applied for a trial date.

Counsel for the defendant, Wale Balogun (SAN), informed the court that he had filed an application for bail.

Responding, Iheanacho said the prosecution had filed a counter-affidavit opposing the application and urged the court to refuse bail.

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Balogun, however, argued that the prosecution had earlier granted Yisawu administrative bail and had already seized his international passport. He urged the court to maintain the existing bail terms.

After adopting their respective processes, both counsel argued their applications.

In a ruling, Justice Ekwo held that the defendant was entitled to bail.

The judge said, “Going by Section 162 of the Administration of Criminal Justice Act, 2015)… I therefore grant bail in the sum of ₦500m with one surety in like sum.”

Justice Ekwo ordered that the surety must be a responsible Nigerian with landed property in Abuja and must submit proof of ownership to the court registrar.

The judge also directed the defendant to deposit his international passport with the court and barred him from travelling outside Nigeria without the court’s permission.

Pending the perfection of the bail conditions, the court ordered that Yisawu should remain in the custody of the prosecution.

The case was adjourned until October 25, 26 and 27, 2026, for trial.

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Senegal’s President Bassirou Faye elected ECOWAS chairman

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Senegalese President Bassirou Diomaye Faye has been elected Chairman of the Economic Community of West African States (ECOWAS).

Faye was elected on Sunday during the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government held in Lungi, Sierra Leone. He succeeds Sierra Leonean President Julius Maada Bio, who previously chaired the regional bloc.

In another milestone for Senegal, Birame Diop, the country’s former Minister of the Armed Forces, was elected President of the ECOWAS Commission for the 2026–2030 term. The appointment marks the first time since ECOWAS was established in 1975 that a Senegalese national has been elected to lead the Commission.

Diop succeeds Gambian diplomat Omar Touray, who has served as President of the ECOWAS Commission since 2022. As Chairman of ECOWAS, Faye will oversee the affairs of the 15-member regional bloc for a one-year term.

In a statement, the Senegalese presidency said Faye’s tenure would focus on collective security, economic sovereignty and remaining faithful to the vision of the founding fathers of ECOWAS. “It is with humility that I welcome the trust placed in our country, called to the presiding presidency of ECOWAS,” Faye said.

“I thank my peers, Heads of State and Government, for this mark of trust and for the spirit of fraternity that presided over our work. I congratulate General of the Army Birame Diop, elected to the presidency of the Commission, and assure him of my full support.”

Faye also praised ECOWAS for the confidence reposed in Senegal and pledged to work towards a more reconciled and united West Africa during his tenure.

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PHOTOS: Thunderstorm k!lls six children, injures two others in Adamawa

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Thunderstorm has claimed the lives of six children and left two others injured in Dadiri community, Tirgili district in Ganye Local Government Area of Adamawa State.

The tragic incident occurred on Sunday afternoon, July 19, 2026, following a severe thunderstorm that struck the community without warning.

According to reports, eight children were caught in the storm while they were in the affected area.

Six of the children d!ed instantly at the scene while the two surviving children sustained varying degrees of injuries and are currently receiving medical treatment.

The tragic incident has thrown the entire Dadiri and Tirgili communities, as well as Ganye Local Government Area, into mourning.

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Sanwo-Olu pays N3.1bn compensation to 300 Lagos property owners

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The Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday presented more than N3.1 billion in compensation to over 300 property owners affected by government land acquisition for strategic infrastructure projects across the state.

Speaking at the presentation ceremony in Lagos, Sanwo-Olu said the compensation underscored his administration’s commitment to fairness, transparency and the protection of citizens’ rights in line with the Land Use Act.

He said land acquisition for overriding public interest imposed both a legal and moral obligation on government to compensate affected persons fairly, transparently and promptly.

“Today’s exercise is not charity; it is justice.

“It is not a favour; it is the rightful entitlement of every verified project-affected person whose property was acquired for public purpose,” he said.

The governor said all claims underwent due process, including enumeration, professional valuation and title verification, to ensure compensation reached legitimate beneficiaries.

“Behind every parcel of land is a family, a livelihood and a story. Development must always have a human face, and that is the principle guiding this administration,” he said.

Sanwo-Olu said the acquired lands would be used for roads, schools and other public infrastructure to improve residents’ quality of life.

While noting that the projects would benefit millions of residents, he acknowledged the sacrifices of affected property owners and assured them of the government’s commitment to treating them with compassion and dignity.

“Infrastructure may benefit millions, but the government must never ignore those who bear the immediate impact.

“We acknowledge your sacrifice and appreciate your partnership in building a greater Lagos,” he said.

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The governor advised beneficiaries to invest the compensation prudently in ventures that would secure their families’ future rather than spend it on non-essential items.

He also urged them not to offer inducements to public officials, stressing that civil servants involved in the exercise had discharged their duties professionally.

“Our officers are available to guide you professionally without demanding any gratification,” he said.

In his goodwill message, the Deputy Governor, Dr Obafemi Hamzat, commended affected residents for their patience and assured them of the government’s continued commitment to compassionate governance.

Earlier, the Permanent Secretary, Lagos State Lands Bureau, Mr Kamal Olowosago, described the exercise as another demonstration of the government’s commitment to fairness, accountability and the rule of law in land administration.

He recalled that the presentation followed an earlier compensation exercise held on Dec. 12, 2024, adding that it reflected government’s consistency in fulfilling its statutory obligations.

“This exercise demonstrates our unwavering commitment to fairness, transparency, accountability and strict adherence to the rule of law in the administration of land resources,” he said.

Olowosago said strategic infrastructure remained critical to economic growth and improved quality of life, but stressed that development must always be balanced with justice, equity and respect for citizens’ rights.

He commended the affected property owners for their patience and cooperation throughout the acquisition and compensation processes.

“Your sacrifices are contributing to critical infrastructure that will improve the lives of millions of Lagos residents today and for generations to come,” he said.

The permanent secretary also praised officials of the Lands Bureau, particularly those in the acquisition, reconciliation and compensation departments, for ensuring a transparent and credible compensation process.

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NAN

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