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Profile of Mohammed Umar Abba, the New Acting EFCC Chairman

All eyes are now on Mohammed Umar Abba, the newly appointed Acting Chairman of the anti-corruption agency.



In the wake of the recent suspension of AbdulRasheed Bawa, the chairman of the Economic and Financial Crimes Commission (EFCC), all eyes are now on Mohammed Umar Abba, the newly appointed Acting Chairman of the anti-corruption agency.

As he assumes this critical role, it is essential to delve into the background and experience of this seasoned law enforcement officer.

Born on June 22, 1965, in Tudunwada Local Government Area of Kano State, Mohammed Umar Abba embarked on his academic journey at Bayero University, Kano, where he obtained his first degree. After completing his education, he dedicated himself to serving his country and commenced his one-year national service at the old Anambra State Police Command.

Following his national service, Abba joined the esteemed Nigeria Police Force, commencing a remarkable career that would shape his path in law enforcement. His commitment and exceptional performance led him to attend the prestigious Nigeria Police Academy in Kaduna, where he was commissioned as an officer in 1992.

With his strong foundation in policing, CP Abba’s expertise and leadership abilities were recognized, and in January 2016, he was seconded to the EFCC to head the Counterterrorism and General Investigations (CTGI) Section at the agency’s headquarters in Abuja. It was during this tenure that he showcased his exceptional skills in tackling complex cases related to terrorism and general investigations.

Due to his remarkable achievements and dedication to duty, CP Abba was appointed as the Director of Operations of the EFCC in 2017. In this crucial role, he played a pivotal part in coordinating and executing various operations, contributing significantly to the agency’s mission of combating economic and financial crimes.

However, his trajectory took a significant turn on July 9, 2020, when he assumed the position of Acting Chairman of the EFCC, stepping in after the suspension of Ibrahim Magu. During his seven-month tenure as the acting head of the commission, Abba demonstrated exceptional leadership, maintaining the agency’s momentum and ensuring the smooth operation of its core functions.

On February 24, 2021, CP Abba made way for AbdulRasheed Bawa as the substantive Chairman of the EFCC. Nevertheless, his return to the Nigeria Police Force was marked by his unwavering commitment to maintaining law and order and upholding justice.

With his wealth of experience and demonstrated track record, Mohammed Umar Abba now faces the daunting task of leading the EFCC as its Acting Chairman once again. As he takes the reins, he assumes a position of great responsibility in the fight against corruption, ensuring that the agency continues to operate with integrity, transparency, and diligence.

As the nation watches, it is with anticipation and hope that CP Abba’s leadership will further strengthen the EFCC’s resolve to combat economic and financial crimes, safeguarding Nigeria’s financial interests, and upholding the principles of justice and accountability.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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High Altitude, Higher Prices: Domestic Airfares Jump 150%



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Nigerian air travelers are reeling from a dramatic increase in domestic airfares with prices skyrocketing by 150% over the past year.

This surge has forced many passengers to reconsider their travel options, opting for road transport despite the risks involved.

Passengers like Dare Adepoju, who frequently commutes between Lagos and Abuja for business and family visits, have expressed frustration.

“It’s unsustainable,” he lamented. “With flights nearing N200,000 for just an hour, I’m exhausted.”

Social media is abuzz with similar sentiments. Akinloa Adejuwon tweeted about the tough choice between costly flights and unsafe roads, highlighting the dire situation many Nigerians face.

The fare increase is attributed to a limited number of operational aircraft. Airline Operators of Nigeria revealed that many planes are grounded due to maintenance needs and lack of access to foreign exchange for repairs.

The current situation sees airlines like Ibom Air and Air Peace charging up to N238,000 for a one-way ticket between major cities.

This price jump, from about N51,000 last year, reflects the severe challenges the industry faces.

Capt. Roland Iyayi, a senior member of the Airline Operators of Nigeria, pointed to the shortage of aircraft as a primary cause.

“Making forex available to airlines is crucial for resolving this crisis,” he stated.

As the industry grapples with these challenges, passengers continue to hope for relief. The aviation sector’s future hinges on addressing these issues, ensuring safe and affordable travel for all Nigerians.

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Southern States Skeptical as NELFund Disburses First Loans



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The National Education Loan Fund (NELFund) officially launched on Wednesday, a significant step in providing financial aid to students across Nigeria.

However, the initiative faces skepticism, particularly from the southern states.

President Bola Tinubu inaugurated the first tranche of funds, amounting to N32 billion, aimed at empowering Nigerian youth and breaking financial barriers to education.

The NELFund portal has registered 164,000 students, with 103,000 applying for loans.

Despite the promising start, many southern states remain doubtful about the fund’s implementation.

Akintunde Sawyerr, NELFund’s Managing Director, acknowledged these concerns, citing data challenges in verifying indigent applicants as a primary hurdle.

Sawyerr highlighted the lack of comprehensive data needed for credit assessments. The fund relies on bank verification numbers (BVN), National Identification Numbers (NIN), and educational institution data to determine eligibility.

More applications have been received from northern states, where students have shown greater confidence in the fund.

Sawyerr pointed out that skepticism in the south might stem from uncertainty about the program’s viability.

NELFund offers two types of loans: educational fees paid directly to institutions and upkeep loans for student stipends.

The focus is currently on government-owned institutions to ensure a smooth rollout.

President Tinubu emphasized education as a critical tool against poverty and insecurity, linking the nation’s challenges to a lack of educational opportunities.

He reaffirmed his commitment to inclusive growth through education.

As NELFund continues its rollout, efforts to address data issues and regional skepticism will be crucial. By building trust and ensuring transparency, the program aims to support more students nationwide and foster a fairer society.

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UAE Lifts Visa Ban on Nigerians, Introduces N640,000 Non-Refundable Application Fee




The United Arab Emirates (UAE) has officially lifted the visa ban imposed on Nigerian passport holders, effective July 15.

However, this positive move comes with a substantial caveat—a new non-refundable visa application fee of N640,000.

The announcement, made following bilateral discussions between Nigerian and UAE authorities, ends a prolonged period of restricted travel between the two nations due to diplomatic disputes and financial issues.

New Visa Regulations

Under the new guidelines set forth by the UAE government, Nigerian passport holders seeking to travel to the Emirates must adhere to several stringent requirements:

  1. Application Fee: Applicants are required to pay a non-refundable fee of N640,000 for visa processing. This fee represents a significant increase compared to the previous $100 fee before the ban.
  2. Document Verification Number (DVN): Before applying for a visa, applicants must obtain a Document Verification Number (DVN). This number is valid for only 14 days from issuance or until the visa application is processed, whichever comes first.
  3. Application Process: The application process for UAE visas remains stringent, emphasizing the importance of meeting all specified criteria to enhance the chances of approval.

Public Reaction and Outcry

The introduction of the N640,000 visa application fee has sparked widespread criticism and public outcry among Nigerians, particularly on social media platforms. Many have expressed their discontent, labeling the new fee as exorbitant and financially burdensome, especially in light of economic challenges facing the country.

Social media users have taken to various platforms to voice their concerns:

  • @firstladyship: “It is obvious the UAE don’t want Nigerians. They reluctantly unbanned the Nigerian passport, but slammed a hefty N640,000 on Nigerians. Guess what? The money is nonrefundable & has expiration date. This is see finish.”
  • @Peco3D: “This is just extortion in fine words. Shameless.”
  • @Comr_lucky1: “This is exploitation and shameful if allowed by Nigeria government.”

Government Response

Mohammed Idris, Minister of Information and National Orientation, announced the lifting of the visa ban and emphasized that Nigerian passport holders are now eligible to apply for visas to the UAE.

The government has acknowledged the concerns raised by citizens and assured them of continued engagement to address the issue.


The UAE had imposed the visa ban on Nigeria approximately two years ago amid diplomatic tensions and financial disputes.

Efforts to resolve these issues included discussions and negotiations between the Nigerian and UAE governments, leading to the recent breakthrough in visa restrictions.

Despite the imposition of the N640,000 visa fee, the lifting of the ban represents a step forward in diplomatic relations between Nigeria and the UAE, potentially paving the way for enhanced bilateral cooperation and economic ties.

As Nigerian travelers navigate these new visa regulations, reactions continue to pour in, reflecting the broader impact of international relations on individual mobility and economic opportunities.

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