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All Set for Abuja Business and Investment Expo 3.0

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Everything is now in place for the 2026 Abuja Business and Investment Expo (ABIE 3.0), a flagship investment summit organised by Abuja Investments Company Limited (AICL) to attract fresh capital, deepen public-private partnerships and accelerate economic growth in the Federal Capital Territory (FCT).

Scheduled to hold from August 5 to 7, 2026, at the Bola Ahmed Tinubu International Conference Centre, Abuja, the three-day summit will be held under the theme: “Building Nigeria’s Capital: Investment as a Catalyst for Economic Growth.”

Speaking ahead of the event, the Group Managing Director and Chief Executive Officer of AICL, Ambassador Maureen Tamuno, described the expo as more than an annual gathering, saying it has evolved into a strategic platform designed to position Abuja as Nigeria’s premier investment destination.

According to her, the summit will connect investors with viable business opportunities, promote enterprise development, strengthen public-private partnerships and showcase the enormous investment potential of the nation’s capital.

Tamuno said the initiative aligns with the infrastructure-driven transformation agenda of the Minister of the Federal Capital Territory, Barrister Nyesom Wike, as well as President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to position Nigeria as a globally competitive investment destination.

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She noted that Abuja has continued to witness unprecedented infrastructure development alongside growing investor confidence, citing the 2025 Presidential Enabling Business Environment Council (PEBEC) Subnational Ease of Doing Business Report, which ranked the FCT fourth among Nigeria’s 37 subnational entities.

“ABIE 2026 is designed to translate this progress into practical investments, strategic partnerships and measurable economic outcomes,” she said.

“It is more than an event. It is a strategic platform to position Abuja as Nigeria’s leading investment destination by connecting investors with opportunities, strengthening public-private partnerships, promoting enterprise development and showcasing the immense potential of the Federal Capital Territory.”

Reflecting on the FCT’s recent transformation, Tamuno said the capital city has become one of Nigeria’s most attractive investment destinations, driven by bold infrastructure renewal and business-friendly reforms.

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi John Agama, will deliver the keynote address at the opening ceremony.

The summit will feature an impressive lineup of speakers and panelists, including the Special Adviser to the President on Economic Matters, Tope Fasua; Botswana’s High Commissioner to Nigeria, Her Excellency Philda Nani Kereng; Founding Partner of Sabou Capital, Surayyah Ahmad; Chief Executive Officer of Soundcore Group, Anthony Nwakolor; Chief Executive Officer of RBI Perse Advisory Limited, Amanda Fese; veteran actress and filmmaker Joke Silva; Chief Investment Officer of AICL, Dr. Abiodun Akanbi; Director-General of the Mines Cadastral Office, Engr. Obadiah Simon Nkom; Chief Executive Officer of Preston Trading Company, Olusegun Adedayo; Chief Executive Officer of Critical Minerals Financing Corporation Plc, Dr. Israel Oviri; Head of Compliance and Internal Control at the National Credit Guarantee Company, Sa’adatu Salley; Divisional Head, Retail and SME, Lagos and Southwest, Adeoye Abiodun; Chief Financial Officer of AICL, Bode Akinrinde; Managing Partner of Deutsche Partners Holding, Dr. Onuoha Nnachi; Director of Sales, Fountain Havens Nigeria Limited, Ruona Oghuvbu; and Managing Director of New Enugu Smart City, Nkeriu Arum, among several other distinguished business leaders and policymakers.

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The closing day’s keynote address will be delivered by Ghana’s Deputy Chief of Staff (Administration), Nana Oye Bampoe Addo.

Tamuno disclosed that the summit is expected to attract local and international investors, diplomats, development partners, corporate executives, entrepreneurs, researchers, exhibitors, women-led businesses, youth innovators and policymakers.

She also reflected on AICL’s transformation over the past two years, noting that the organisation has evolved from simply creating awareness about its mandate to becoming a trusted investment facilitation agency sought after by both local and international investors and development partners.

According to her, the growing interest in the company and the increasing profile of the annual expo underscore Abuja’s emergence as one of Africa’s most promising investment destinations.

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EFCC says it froze Osun account over ‘fraudulent handling’ of N11bn ecological, intervention funds

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The Economic and Financial Crimes Commission (EFCC) has explained that it froze the bank account of the Osun state government over alleged fraudulent handling of N11 billion ecological and intervention funds.

The anti-graft agency, in a statement on Wednesday, said it has been investigating the Osun state government since March regarding the alleged mishandling of the funds.

According to the agency, some officials of the state government, including the accountant-general of the state, had been interviewed by EFCC investigators.

The agency said amid the probe, it observed that huge transfers of funds were being made from the account into different corporate entities since August 2.

“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026,” the statement reads.

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“The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved.

“The EFCC’s preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources.

“The Commission cannot watch idly while a state government’s account is being pillaged.”

The anti-graft agency said it is aware of the forthcoming Osun governorship election, adding that it is “uncharitable” to overlook the huge transfers of funds over the “excuse of an upcoming election”.

“The Osun State government account was frozen to save public funds from being looted,” the agency said.

In a letter dated August 5, 2026, and signed by Adenike Babalola, assistant commander of the EFCC on behalf of the director of investigation, the anti-graft agency directed First Bank not to allow withdrawals from the Osun state government’s statutory allocation account as part of an ongoing investigation.

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The agency instructed the bank to place a post-no-debit restriction on the account pending the conclusion of the probe.

Reacting to the development, Ademola Adeleke, Osun governor, said the state government will not accept a situation in which federal government agencies trample upon the rights of subnational governments.

Adeleke said the Osun government has been witnessing numerous sponsored attacks, including the harassment of Accord party members and the move to stall the operations of LGAs in the state.

Adeleke said he has directed the attorney-general of the state to challenge the “illegality”.

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Osun threatens lawsuit as EFCC freezes govt account 10 days to election

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Less than 24 hours after Governor Ademola Adeleke alleged that the Economic and Financial Crimes Commission (EFCC) was planning to freeze the state government account domiciled with First Bank, the anti-graft agency has reportedly freezed the account, according to Vanguard.

The account, reportedly used for the payment of workers’ salaries, was placed on “Post No Debit” status by the anti-graft agency.

The development came hours after Governor Ademola Adeleke raised the alarm that the EFCC was planning to freeze the state government’s accounts and those of top government officials ahead of the August 15 governorship election.

In a statement issued earlier on Wednesday by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, Adeleke described the alleged move as an attempt to cripple government activities before the poll.

The governor had insisted that there was no legal basis for freezing the accounts of a state government, arguing that the EFCC lacked the statutory powers to take such action.

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However, a source reportedly told Vanguard that the account had already been restricted.

“I can confirm that the state government account has been frozen by the EFCC. It is no longer an allegation. The governor will address the press shortly to update the public on the situation,” the source reportedly told Vanguard.

The reason for the restriction was not immediately known as of the time of filing this report.

The EFCC had yet to issue an official statement on the development.

The development comes as Osun prepares for its August 15 governorship election, with the account restriction expected to generate political reactions ahead of the poll.

Meanwhile, the state’s Attorney General and Commissioner for Justice, Oluwole Jimi-Bada, had said he has the mandate of the governor to sue the Economic and Financial Crimes Commission for freezing the government accounts.

Jimi-Bada said a ‘Post no debit’ letter from the EFCC was forwarded to the management of the First Bank where Osun government accounts were domiciled on Wednesday.

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The commissioner, who expressed readiness to proceed to court, said the move by the anti-graft agency may hamper government’s business, noted that Governor Ademola Adeleke was not using state funds to run its campaign for reelection.

“I have the mandate of the governor to proceed to the Federal High Court to challenge this move. EFCC can investigate the accounts but it can’t freeze the accounts without order of court.

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WAEC releases 2026 WASSCE results, withholds 167,486 candidate’s results over malpractice 

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The West African Examinations Council says it is withholding the results of 167,486 candidates, representing 8.59 per cent of those who sat the 2026 Computer-Based West African Senior School Certificate Examination for School candidates, over alleged examination malpractice.

This was disclosed by the Head of WAEC Nigeria National Office, Dr Amos Dangut, who announced the release of the results in Lagos on Wednesday.

The number of withheld reults, however, represents a decline from the 9.7 per cent recorded in 2025.

Dangut said the council withheld the affected results due to various infractions, including the increasing use of mobile phones in examination halls despite the existing ban and organised cheating in some schools.

“The increasing use of cell phones in the examination hall, in spite of the existing ban, and organised cheating in some schools, are other nagging issues,” Dangut said.

He added that some supervisors and invigilators found assisting candidates in malpractice had been arrested and would face disciplinary action through the relevant state ministries of education.

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A total of 1,959,668 candidates from 24,207 schools registered for the examination across Nigeria, Benin Republic, Côte d’Ivoire and Equatorial Guinea, while 1,950,726 candidates eventually sat for the examination.

1,200,514 candidates (61.54 per cent) obtained credits and above in at least five subjects, including English Language and Mathematics.

1,687,378 candidates (86.50 per cent) secured credits and above in a minimum of five subjects, with or without English Language and Mathematics.

The number of candidates who obtained credits in five subjects including English and Mathematics dropped by 1.42 percentage points compared with the 2025 examination.

Of the 1.2 million candidates who achieved credits in English and Mathematics:

558,883 (28.65 per cent) were male.

641,631 (32.89 per cent) were female.

Overall, 997,267 females (51.12 per cent) and 953,459 males (48.88 per cent) participated in the examination.

WAEC said 1,834,695 candidates, representing 94.05 per cent, had their results fully processed and released, while the results of 116,031 candidates (5.95 per cent) were still being processed.

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The council also disclosed that 1,213 candidates with special needs participated in the examination. They included:

137 visually impaired candidates;

491 candidates with hearing impairment;

55 spastic and mentally challenged candidates; and

41 physically challenged candidates.

The 2026 examination marked the second edition of the Computer-Based WASSCE for School Candidates, following the introduction of the format by WAEC.

Dangut said the council introduced several innovations, including the Digital Examiner Mark System to improve the speed of processing results, serialisation of question papers to curb malpractice, and a new portal that allows candidates to generate e-PINs directly for checking their results.

The examination was conducted between April 24 and June 19, 2026, with 102,708 examiners involved in marking across 88 marking venues.

Dangut, who described the briefing as his third and final engagement as WAEC Nigeria National Office head, said candidates sponsored by states indebted to the council would not have their results released until the outstanding payments were cleared.

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