Nigerians rejoice as UK Supreme Court Upholds Nigeria’s Right to Recover £44.2 Million Legal Costs in P&ID Case.

The United Kingdom Supreme Court has dismissed an appeal by Process & Industrial Developments Limited (P&ID), affirming that Nigeria can recover its legal costs in pounds sterling (GBP) rather than naira (NGN) after successfully overturning a multi-billion-dollar arbitral award.

Delivering judgment on 22 October 2025, a panel led by Lord Reed, President of the Supreme Court, unanimously upheld previous rulings by the Commercial Court and Court of Appeal, which held that costs should be paid in the same currency in which they were incurred.

The case stemmed from Nigeria’s successful challenge to two arbitral awards worth over US$11 billion (including interest), which the Commercial Court ruled in 2023 had been “procured by fraud.” Nigeria had spent about £44.2 million in legal fees—billed and paid in sterling through 116 invoices between November 2019 and November 2024.

P&ID argued that the costs should be paid in naira, claiming that paying in pounds would give Nigeria a “windfall” due to the naira’s depreciation since 2023. But the Supreme Court rejected the argument, ruling that “as Nigeria had incurred liability and made payments in sterling, the court ought to make a costs order in sterling.”

In a joint judgment by Lord Hodge and Lady Simler, the Court clarified that costs are a statutory indemnity for litigation expenses, not compensation for loss, and warned that P&ID’s position would lead to “disproportionate and expensive satellite litigation.”

The Court reaffirmed that legal costs are to be awarded in the currency in which they were billed and paid unless there are exceptional circumstances. It dismissed P&ID’s appeal and ordered the company to pay Nigeria’s costs on a standard basis.

The decision marks another major victory for Nigeria in its long-running legal battle with P&ID, following the country’s 2023 success in overturning the fraudulent US$11 billion arbitration award.

“Nigeria Has Better Family Support System for Raising Kids” — MI Abaga Explains Why He Prefers Nigeria to the U.S.

Nigerian rapper Jude ‘MI’ Abaga has revealed why he would rather raise his future children in Nigeria than in the United States.

Speaking on the Japa Diaries podcast, the ‘One Naira’ crooner said Nigeria offers a stronger family support system, which makes parenting easier compared to the often demanding lifestyle in the U.S.

“There are a lot of things appealing about home, especially because we’re already ingrained in that system and because there’s a lot of support as well. I feel it’s very difficult for parents here,” MI said.

He added that while he and his wife, Eniola Mafe, have settled comfortably in the U.S., they still value the sense of community and family connection in Nigeria.

“Our family over here are all professionals. Sometimes you just find your nook in Nigeria. I think we’ve sort of found a space in Nigeria, but definitely, you want your kids to have a mixture of both,” he noted.

MI also hinted that he would like his children to spend their early years in Nigeria before possibly moving abroad later in life.

The rapper married Eniola Mafe in September 2022, a few months after their engagement. The couple is yet to have children.

Nigerian Federal Workers Demand Payment Of Wage Arrears, Salary Harmonisation.

The forum noted that the ₦35,000 wage award was introduced as a cost of living allowance after the removal of fuel subsidy and the devaluation of the naira.

The Federal Workers Forum (FWF) has called on the President Bola Tinubu-led government to immediately pay the outstanding three months wage award owed to federal workers, harmonise salaries across the public service, and improve welfare conditions.

In a strongly worded statement issued on Wednesday and signed by Comrade Andrew Emelieze, the National Coordinator, the workers group said the government’s failure to fulfill its wage obligations had caused severe hardship among its workforce.

“The refusal of the federal government to pay up the balance of the outstanding three months wage award as promised by the Accountant General of the Federation has shown clearly how our government has been treating her workers. Same also has been the case for so many backlog of arrears owed the federal workers especially promotion arrears, in some cases over ten years backlog owed the federal workers in Nigeria,” the statement read.

The forum noted that the ₦35,000 wage award was introduced as a cost of living allowance after the removal of fuel subsidy and the devaluation of the naira. However, the group accused the government of inconsistent and delayed payments.

“Our government eventually decided to give a paltry sum of ₦35,000 to all federal workers irrespective of their grade levels."

"The payment since it's implementation has been inconsistent and staggering, most times it has taken the Federal Workers Forum to cry out before payments are made. As a matter of facts , the federal government has been very unfaithful in the payment of the wage award, thus the purpose of setting up the wage award to cushion the horrible effects of fuel subsidy removal has been defeated.”

According to the forum, the payment of wage awards stopped in February 2024 following the implementation of the new national minimum wage in August 2024. At that time, the government owed workers five months of wage awards covering March to July 2024.

Ailing Finance Minister Wale Edun Flies to UK for Medical Treatment.

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reportedly travelled to the United Kingdom to undergo medical treatment following an undisclosed illness.

Sources confirmed that the minister left Abuja for Lagos on Monday night before boarding a British Airways flight to London later in the evening. His departure comes days after reports emerged that he had been battling health challenges that prevented him from attending the ongoing World Bank and International Monetary Fund (IMF) Annual Meetings in Washington, D.C.

Earlier, the Presidency had disclosed that Edun was recuperating in Nigeria and dismissed rumours suggesting that he suffered a stroke. A senior official, who spoke on condition of anonymity, clarified that while the minister was indeed ill, claims of a severe incapacitation were false.

Despite the development, the Presidency has maintained that there are no immediate plans to replace Edun, stressing that he remains in charge of the Finance Ministry and is expected to resume duties once he recovers.

The specific nature of the minister’s illness has not been made public, and officials have yet to issue any formal statement on his current condition or expected return date. His absence, however, has sparked renewed debate over the state of Nigeria’s healthcare system and the recurring trend of public officials seeking medical attention abroad.

Edun, a former investment banker and long-time associate of President Tinubu, has been central to the administration’s fiscal reform agenda, including efforts to stabilise the naira, boost investor confidence, and implement the government’s medium-term economic plan.

As of press time, no official update had been released by the Ministry of Finance or the Presidency regarding the minister’s health status or progress.

WATCH: Bauchi’s First-class Emirs Parade Multi-million Naira Cars As Citizens Battle Poverty, Hunger

Man arrested in Abuja for allegedly attempting fake transfer of over N2M after buying goods.

A man was apprehended in Abuja after allegedly attempting to make a fake bank transfer of over N2 million following the purchase of several expensive items.

This was reported by the shop owner who made the recording of the culprit while in his shop.

Man arrested in Abuja for allegedly attempting fake transfer of over N2M after buying goods
Man apprehended following an alleged fake transfer.

Man attempts fake transfer
In his narration, he revealed that the man had visited the shop in his absence and after purchasing several items costing over 2 million Naira, he had done a fake transfer to his sales rep.

Security guard helps man
It was gathered that the security guard had introduced the man to the sales rep, so he could use his influence to let the man go when they didn’t see the alert.

Unluckily for them, the shop owner wasn’t too far away; he returned back to his shop and found out they were trying to dupe his sales rep.

The shop owner noted that he intends to hand the man over to the Nigerian police.

Meanwhile, the culprit kept claiming that he is a ‘Jesus man’.

"Nigeria’s Debt has Climbed to just ₦152.4 trillion" — DMO informs Nigerians.

Nigeria’s total public debt stock has surged to ₦152.40 trillion as of June 30, 2025, according to fresh data released by the Debt Management Office (DMO) on Saturday.

This marks an increase of ₦3.01 trillion from the ₦149.39 trillion recorded in March 2025 —a 2.01% rise within just three months. In dollar terms, the figure rose from $97.24 billion to $99.66 billion, reflecting a 2.49% uptick.

The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps, despite ongoing revenue reforms and foreign exchange liberalisation.

A breakdown shows external debt grew from $45.98 billion in March to $46.98 billion (₦71.85tn) by June.
The World Bank remains Nigeria’s largest external creditor with $18.04 billion outstanding, representing 38% of total external obligations, mostly through the International Development Association.

Multilateral lenders collectively hold $23.19 billion (49.4%), including the African Development Bank, IMF, and Islamic Development Bank. Bilateral loans stood at $6.20 billion, led by China’s Exim Bank at $4.91 billion, followed by France, Japan, India, and Germany.

Commercial loans, primarily Eurobonds, amounted to $17.32 billion, representing 36.9% of external debt, while $268.9 million came from syndicated facilities and commercial bank loans. Analysts warn that Nigeria’s heavy Eurobond exposure increases its vulnerability to global market volatility.

On the domestic front, total debt climbed from ₦78.76 trillion in March to ₦80.55 trillion in June, an increase of ₦1.79 trillion or 2.27%. Federal Government bonds dominated with ₦60.65 trillion, representing 79.2% of local debt. This includes ₦36.52 trillion in naira bonds, ₦22.72 trillion in securitised Ways and Means advances from the CBN, and ₦1.40 trillion in dollar bonds.

Other instruments comprised Treasury bills (₦12.76tn), Sukuk bonds (₦1.29tn), savings bonds (₦91.53bn), green bonds (₦62.36bn), and promissory notes (₦1.73tn).

EFCC arraigns former NSITF chair, Ngozi Olejeme, over alleged ₦1bn fraud.

The Economic and Financial Crimes Commission (EFCC) on Wednesday, October 8, 2025, arraigned Ngozi Olejeme, a former board chairman of the Nigeria Social Insurance Trust Fund (NSITF), before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja.

Olejeme was docked on eight counts bordering on money laundering, conversion, transfer, and possession of proceeds of unlawful activities totaling ₦1 billion.

One of the charges alleges that, while serving as NSITF board chairman in February 2012, she indirectly converted ₦321.6 million paid into the account of Adin Miles International Ltd, knowing it was part of proceeds from unlawful activity—an offence contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended).

Another count accuses her of procuring one Chuka C. Eze to convert $2 million into naira for payment to the same company, also alleged to be proceeds of crime.

Olejeme pleaded not guilty to all the charges.

Following her plea, prosecution counsel Emenike Mgbemele requested a trial date to enable the EFCC call its 14 witnesses.

Her counsel, Emeka Ogboguo (SAN), urged the court to grant her bail pending trial.

Justice Nwite released the defendant to her counsel and adjourned the case to November 17, 2025, for hearing on the bail application.

Actress Regina Daniels shows off the bundles of naira notes she plans to spray in the club for her birthday.

Nigeria Has Pulled Back From Economic Collapse — Emir of Kano, Muhammad Sanusi II Hails the CBN Reforms.

Former Central Bank of Nigeria (CBN) Governor, Sanusi Muhammadu Sanusi, has praised the current leadership of the apex bank for what he described as a “remarkable turnaround” in Nigeria’s monetary and economic stability.

Speaking on recent economic developments, Sanusi said he had “nothing but positive words” for the CBN’s policies, noting that the institution had successfully stabilized the exchange rate and curbed the reckless monetary expansion that once threatened the economy.

“We came from a period of very high instability due to loose monetary policy and uncontrolled growth in money supply,” Sanusi stated. “In the last one year, the central bank has worked hard to mop up excess liquidity. Yes, interest rates are high, but the result is evident, we’ve stabilized the naira and pulled back from the brink of total economic collapse.”

The former governor highlighted key economic improvements, including declining inflation, which he noted had fallen to around 20 percent, and a steady rise in foreign reserves now exceeding $40 billion.

Sanusi also pointed out that Nigeria’s economy recorded growth of over 3 percent in the first quarter and more than 4 percent in the second quarter of the year, outpacing population growth for the first time in years.

He described these gains as evidence that the CBN’s policy tightening and reform efforts are beginning to yield tangible results, restoring investor confidence and setting the economy on a path toward long-term stability.

The Minimum Wage Has Been Increased" - Akpabio Reveals What They're Planning For Civil Servants.

Senate President Godswill Akpabio has assured Nigerians, particularly civil servants, that the federal government is committed to improving welfare and creating a more supportive environment for workers across the country.

In an interview on Viable TV, Akpabio highlighted the resilience of Nigeria over the past 65 years, noting that the nation has endured a civil war, insecurity, and economic challenges yet continues to move forward. He said Nigeria’s survival was not by human effort alone but by the grace of God, stressing that the country’s progress is worth celebrating.

The Senate President outlined some of the reforms initiated by the administration, which he believes are directly impacting the lives of ordinary Nigerians. According to him, “The minimum wage has been increased.” He explained that the government is not only focused on raising wages but also improving the working environment for public workers, ensuring they remain motivated and productive.

He also spoke about tax reforms, pointing out that those earning less than one million naira annually are now exempt from taxation. This, he said, has provided relief for market women, artisans, and low-income workers. In addition, Akpabio praised advancements in education funding, healthcare accessibility, and infrastructure development, describing them as signs that the country is gradually transforming.

On the issue of security, Akpabio lauded the sacrifices of men and women in uniform, noting that despite global terrorism trends, Nigeria has remained united. He also emphasized that investments in road projects, telecommunications, and agriculture would further strengthen the economy and provide more opportunities for Nigerians.

Concluding, Akpabio urged citizens to be patient with ongoing reforms, assuring them that the administration’s policies are laying the groundwork for a more prosperous and stable nation.

Account for N14trn fuel subsidy savings or face legal action’, SERAP tells 36 governors, Wike.

Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Mr Nyesom Wike to “urgently disclose the spending details of the estimated N14trn fuel subsidy savings they collected from FAAC allocations, including details and locations of projects executed with the money, and the implementation status and completion reports, if any, on the projects.”

SERAP urged them to “provide details of the plans on how subsequent fuel subsidy savings they expect to collect from FAAC allocations, including details of any planned projects on which the money would be spent.”

SERAP also urged them to “publicly invite the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to track and monitor the spending of the fuel subsidy savings collected by you, to ensure that the money is not diverted into private pockets.”

The 36 governors and the FCT minister have reportedly collected trillions of naira from FAAC allocations as fuel subsidy savings since mid-2023. But the increased allocations have not translated into improved access to basic public services, such as quality healthcare and education for poor and vulnerable Nigerians.

In the Freedom of Information requests dated 4 October 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest for governors and the FCT minister to urgently explain how they have spent the money they have so far collected from the subsidy savings.”

SERAP said, “The savings from the removal of fuel subsidy ought to be spent solely for the benefit of the poor and vulnerable Nigerians who are bearing the brunt of the removal. Transparency in the spending of the money would help to avoid a morally repugnant result of double jeopardy on these Nigerians.”

The FoI requests, read in part: “There is a significant risk of mismanagement or diversion of funds linked to the increased FAAC allocations collected by the states and FCT.”

“The spending details of the money collected by several states and the FCT from fuel subsidy savings have been mostly shrouded in secrecy.”

I Won't Abandon Hushpuppi In Prison; He Lent Me His Maybach But I Paid For My Expenses– Daddy Freeze.

Daddy Freeze has clarified that convicted fraudster Hushpuppi never gave him any money, not even a 50-naira recharge card, and that their relationship was purely based on friendship. He stated that Hushpuppi was good to him by being his friend at a time when many people rejected him for criticizing their pastors.

Speaking on With Chude, Daddy Freeze explained that when he traveled to Dubai with Cool FM on a promotional trip paid for by an agency, Hushpuppi lent him his Maybach and driver for two days, but he paid for his own food and expenses. He emphasized that he will not abandon Hushpuppi now that he is in prison, just as Hushpuppi did not abandon him during his controversial period.

Daddy Freeze said: "I asked Hushpuppi what he did for a living. He said he was into real estate and sent me pictures. The average person who is doing something illegal still invests the money in real estate at the end. He was very good to me. Has never given me one naira before. Not even 50 kobo recharge card. He has never given me money. He was my friend when nobody accepted to be my friend because I criticized their pastors. That's the love, and I'm not going to run away from him because he's in prison. If he sends me 100 naira, EFCC can call me for questioning. He never gave me money. What he did was, for about two days when we were in Dubai, he gave me his Maybach and a driver to drive me around. I was the one buying fuel inside it."

Nigerians Are Hungry, and Hungry People Are Angry People. I feel the Pain too,” Comedian Seyi Law Says.

Nigerian comedian, Seyi Aletile, popularly known as Seyi Law, has spoken about the economic hardship confronting citizens, urging leaders to admit the reality of people’s suffeing rather than gloss over it.

Speaking in an interview on Inside the Box, the comedian said frustration among Nigerians is directly tied to hunger and the soaring cost of living.

“Nigerians are hungry and hungry people are angry people. I hate when we try to switch such things under the carpet, which is what politicians do. I don’t like it. Let us acknowledge the people’s pain and let them know that this reform is coming with this pain but at the end of the day we will be happy,” Seyi Law said.

He explained that while he anticipated the government’s reforms would come with difficulties, he also shares in the burden. “I said something that my experience, my understanding does not invalidate your experience. It doesn’t. Did I know that those policies were going to come with pain? I knew. I feel the pain too.”

Citing his own financial strain, Aletile noted how the depreciation of the naira has deepened expenses for his family. “My family has been in the UK since 2019. For every Naira that I change to pounds, it costs me N2000. It wasn’t what it was costing me before. It means if I was spending N2M before, I have to spend N5M, so it comes with pain,” he said.

Seyi Law’s comments echo the frustration of millions of Nigerians grappling with the impact of recent economic policies, even as the government maintains that reforms will bring long-term relief.

EFCC's N853bn Recovery : Obi advice FG to share N850bn to northern states.

The presidential candidate of the Labour Party during the 2023 election, Peter Obi, has advised the federal government to share N350 billion of the N853 billion reportedly recovered by the Economic and Financial Crimes Commission (EFCC) as crime proceeds in one year.

He suggested that the beneficiary states would in turn convert the funds into micro credit, and lend to the poor.

He revealed that most of these states have long been applying for as little as 2 billion naira of similar funding from the country`s development banks.

In an X publication on Friday, Obi described the EFCC`s recovery as a step in the right direction.

He had referenced the EFCC as announcing the feat, adding that the Commission “deserves our commendation for this effort, even though we are aware it’s just a tiny fraction of the funds looted from the public treasury by the leaders.”

The former Anambra state governor justified his arguments with figures of out of school children in the country, as well as the global poverty index, stating that Nigeria prides itself with the highest global number of out of school children, and over one hundred million acute poor persons, the highest figure in the world.

He pointed out that the north of the country is worst hit by these developments, as he highlighted that all efforts toward reducing the situation remain imperative.

According to him, if the recovered funds and subsequent ones are strategically invested, they would immensely contribute to breaking the cycle of poverty, illiteracy, and insecurity.

Naira Hits Strongest Level of 2025 at Official FX Market.

The naira on Thursday appreciated to N1,455.23 per dollar at the official foreign exchange (FX) market, marking a 1.36 percent gain from the N1,475.34/$ recorded on September 30. This is the first time the currency has traded in the N1,400 range since May 2024.

The latest performance represents the naira’s strongest showing in 2025 and the best level since the Central Bank of Nigeria (CBN) introduced the Electronic Foreign Exchange Matching System (EFEMS) in December 2024. At the time of the transition, the naira had weakened to around N1,660/$ at the official window.

In his Independence Day broadcast on October 1, President Bola Tinubu said the reforms were yielding results.

“The naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024,” he said. “The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows.”

Market optimism was also boosted by comments from Abdul Samad Rabiu, chairman of BUA Group, who predicted on September 25 that the naira could strengthen further to between N1,300 and N1,400 by year end.

The recent gains highlight renewed confidence in Nigeria’s FX market, though analysts caution that sustained appreciation will depend on continued inflows, effective CBN intervention, and stability in global oil markets.

Removing Corrupt Petroleum Subsidy Was A Tough, But Necessary Decision – President Tinubu Opens Up.

President Bola Tinubu, on Wednesday, admitted that it was not an easy decision to end the controversial fuel subsidy regime in Nigeria.
Removing Corrupt Petroleum Subsidy Was A Tough, But Necessary Decision - President Tinubu Opens Up
He, however, added that it was a necessary and timely decision needed to save Nigeria’s economy from total collapse.

President Tinubu made the acknowledgement during his nationwide broadcast to Nigerians on the occasion of the country’s 65th Independence Anniversary celebration.

It would be recalled that President Tinubu, on May 29, 2023, right from the venue of his inauguration, declared an end to the fuel subsidy regime, prompting an immediate rise in the price of petrol, heightened inflation and other economic pressures.

Addressing the issue during his speech on Wednesday, Tinubu stated that the fuel subsidy regime was a corrupt system that needed to be abolished. He added that since the removal of fuel subsidy, the accruing financial resources have been deployed to other areas of development in the country.

“As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today.

“In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our commonwealth,” he said.

The President explained that the money saved from subsidy removal was channelled to other key areas, education, healthcare, security, agriculture, and infrastructure, areas he said would improve the lives of Nigerians.

“Following the removal of the corrupt petroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.

Kaduna internet fraud money ‘picker’ forfeits N6.2m, jailed.

A Kaduna man, Solomon Ilemona Emmanuel, who presented himself as SANTI XII on Facebook for the purpose of internet fraud has been jailed and ordered to forfeit over N6.2 million to the Federal Government following his conviction for fraud.

According to EFCC, Ilemona who as a picker in the internet fraud ecosystem, receives illicit money through a Chinese vendor and transmits to members of his syndicate was convicted by Justice M.J Zubairu of the Kaduna State High Court, sitting in Kaduna on Monday, September 29, 2025.

He was prosecuted by the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on a one-count charge, bordering on impersonation and of internet fraud.

His charge reads: That you Solomon Ilemona Emmanuel (a.k.a SANTI XII) sometime in June, 2025 in Kaduna, within the jurisdiction of this Honourable Court, fraudulently presented yourself as one SANTI XII on Facebook (a social media platform) to unsuspecting victims and you thereby committed an offence contrary to and punishable under Section 142 of the Kaduna State Penal Code Law 2017.

He pleaded “guilty” to the charge, prompting the prosecution counsel, M.J.Argungu to urge the court to convict and sentence him accordingly.

Justice Zubairu, thereafter convicted and sentenced him to three years imprisonment or to pay N200,000.00 (Two Hundred Thousand Naira) fine. In addition, he forfeited a Tecno Camon Pro mobile phone and had earlier restituted the sum of N6,057,488.13 (Six Million Fifty Seven Thousand, Four Hundred and Eighty Eight Naira, Thirteen Kobo) to his victims.

I’ll Never be nice again Ola of Lagos declares after his kindness put him in ₦18 Million Debt.

Popular content creator Ola of Lagos opened up on how his kindness landed him in a multi-million Naira debt and he couldn’t shout you’ll love it.

He revealed this during an online chat saying, “I once did a business, not really out of pity but out of being too nice, and it left me with an ₦18 million debt.

Imagine having to pull ₦18 million from your pocket to settle a debt you shouldn’t have incurred in the first place it makes no sense.

That experience made me decide never to be too nice again. Of course, I still show love to the streets, but now I do it with sense.”

Okikiola Layi-Balogun Denies Housebreaking Allegations, Says Tenant’s Claims Are False

Mr. Okikiola Layi-Balogun, son of the late presidential aspirant under the defunct Social Democratic Party (SDP), Architect Olayiwola Osuolale Balogun, has dismissed allegations of housebreaking and theft leveled against him by his former tenant, Mr. Adekunle Taiwo.

Speaking on Monday, September 29, 2025, Layi-Balogun described the allegations as false, malicious, and intended to damage his reputation.

The matter, which is before Magistrate R.A. Richard at the Iyaganku Magistrate Court in Ibadan, concerns a property located at Old Bodija, a house built by his late father and where he was raised. He explained that Taiwo, who had occupied the boy’s quarters of the property since 2015, had a history of disputes with neighbors and never fully recognized him as landlord.

According to Layi-Balogun, Taiwo’s claims are an attempt to compel an out-of-court settlement and extort millions of naira. He said the case has placed him under years of unnecessary pressure, affected his family’s name, and cost him job opportunities as the allegations lingered.

“This matter has left a permanent scar on my life,” he said. “I grew up in that house; it is my family home. I am innocent of all the accusations, and all I seek is justice and the restoration of my good name.”

He expressed gratitude for finally having the opportunity to present his side of the story, insisting that the accusations were baseless and unfairly designed to malign him.