Author: Solomon Odeniyi

The Israeli Ambassador to Nigeria, Michael Freeman, expressed Israel’s willingness to collaborate with Nigeria’s government and private sector for mutual benefit. The focus is on addressing poverty and insecurity globally. At the Nigeria-Israel Business Forum’s Annual General meeting, Freeman emphasized the importance of partnership in economic development. He encouraged attendees to take advantage of the presentations to enhance trade relations between the countries. Nigerian Ambassador in Tel-Aviv, Agatha Afokelu, urged Nigerians to consider exporting products to Israel and seize the opportunities for collaboration. The forum’s president, PatGrace Owusi, highlighted the positive impact the forum has had on both countries’ economies.…

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Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered the final forfeiture of 20 cars stolen from Canada to Nigeria. The cars are now the property of the Federal Government of Nigeria as per the order given by the judge following a motion filed by the Economic and Financial Crimes Commission (EFCC). The forfeited cars include various models such as Mercedez Benz, Acura, Lexus, Toyota, Honda, and more. The EFCC had complied with the court’s orders regarding publication before moving for the final forfeiture. The affidavit filed by the EFCC revealed that over 350 vehicles were stolen…

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Former Minister of Power, Saleh Mamman, is set to face charges of money laundering amounting to N33 billion at the Federal High Court in Abuja on July 11, 2024. Mamman, who served under former President Muhammadu Buhari from 2019 to 2021, was arrested by the Economic and Financial Crimes Commission (EFCC) in May 2023. The charges allege that Mamman, along with other officials and private companies, conspired to convert funds designated for Mambilla and Zungeru Hydroelectric Power Plant Projects by the Federal Government. The EFCC accuses him of engaging in illegal financial activities that violate the Money Laundering (Prohibition) Act…

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The newly appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has declared a steadfast commitment to fighting economic and financial crimes in Nigeria. During a visit by the National Association of Nigerian Students, Olukoyede emphasized the importance of holding leaders accountable and ensuring the protection of young citizens as they pursue education and future employment opportunities. In an effort to engage the youth in the fight against corruption, Olukoyede urged students to support the EFCC’s mission and spread awareness across all states in the country. He also expressed gratitude to President Bola Tinubu for initiating the…

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Troops of the Nigerian Army in Yobe State successfully thwarted a terrorist attack on high-tension electric pylons, preventing a potential catastrophe. This comes amidst a series of recent attacks on electricity infrastructure in the region, causing blackouts in affected areas. The Federal Government has expressed the need for a specialized group, known as “power rangers,” to safeguard power infrastructure nationwide. In a recent incident in Kasesa village, troops, in collaboration with local hunters, intercepted terrorists on their way to damage the infrastructure. A fierce firefight ensued, leading to the recovery of eight improvised explosive devices (IEDs) from the terrorists. The…

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The scourge of internet crimes, often referred to as “yahoo yahoo,” has had a detrimental effect on Nigeria’s economy, as highlighted by Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC). Olukoyede lamented the impact of cyber fraud on the country, citing incidents where international companies were forced to close their Nigerian operations due to massive financial losses from local wire fraud. He revealed that over $500 million was lost in 2022 alone as a result of the activities of internet fraudsters. Speaking at the Global Peace Movement International awards ceremony where he was named Man of…

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The Chairman of EFCC Decries Massive Corruption in Nigeria The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, expressed concern over the rampant corruption and looting of public funds in Nigeria. He described the amount of money stolen as alarming and questioned how the country is still functioning under such circumstances. Olukoyede made these remarks during a meeting with the Revenue Mobilisation Allocation and Fiscal Commission. Olukoyede emphasized that public corruption is the root cause of corruption in Nigeria and called for transparency and accountability in both public and private sectors. He highlighted the need for preventive…

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Impact of Farmer Killings on Nigeria’s Food Security Since the beginning of the year, a staggering 332 farmers have lost their lives in attacks across Nigeria, mainly orchestrated by bandits and Boko Haram/Islamic State of West Africa Province terrorists. These incidents have caused significant disruptions to agricultural activities and posed a threat to the country’s food security. Incidents such as the deaths of 13 farmers in Borno State due to improvised explosive devices planted by Boko Haram highlight the grave challenges faced by farmers. The increase in farmer killings, compared to the previous year, is alarming, especially as Nigeria grapples…

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Recently, the Federal Capital Territory Command made a significant breakthrough by arresting six notorious “one chance” operators who have been terrorizing residents of the area. The suspects, identified as Abubakar Adams, Ismail Salisu, Yusuf Bello, Nasiru Saidi, Sani Usman, and Ibrahim Kasa, were apprehended for robbing unsuspecting passengers who boarded their vehicles, motorcycles, or tricycles. The arrests came after numerous complaints from victims who fell prey to the criminals, leading to the recovery of weapons like cutlasses and knives. The FCT Commissioner of Police, CP Benneth Igweh, emphasized the command’s dedication to ensuring the safety of everyone in the region.…

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The NFIU Warns of Surge in Fraudulent Petitions Related to Foreign Bank Transfers The Nigerian Financial Intelligence Unit (NFIU) has recently reported a concerning increase in fraudulent petitions involving the alleged transfer of funds from foreign banks to Nigerian banks. These deceptive practices are targeting victims and posing a significant threat to financial institutions, law enforcement agencies, and government entities. In a report dated June 19, 2024, the NFIU emphasized the urgent need for enhanced security measures and coordinated responses from all sectors to combat these fraudulent schemes. The organization advised financial institutions and the general public to be vigilant…

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