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Naira Redesign: 3 Serving Governors Under EFCC’s Watch List For Stashing Billions Of Naira In Their Houses – Bawa

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Naira Redesign: 3 Serving Governors Under EFCC's Watch List For Stashing Billions Of Naira In Their Houses - Bawa

Naira Redesign: 3 Serving Governors Under EFCC’s Watch List For Stashing Billions Of Naira In Their Houses – Bawa

Three serving state governors are being monitored over their moves to launder stashed billions of naira through table payment of salaries to workers, Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa said.

He said raid on Bureau De Change operators will be sustained, urging Nigerians to support the system, for the benefit of all.

In an exclusive interview with Daily Trust, the EFFCC chairman disclosed that some governors are all out devising means to launder money they stashed in houses. He said so far, they are closely monitoring three of them.

Bawa, who refused to disclose the identity of the three governors, however, said two of them are from the North, while the 3rd one is from the southern part of the country.

He said intelligence at the disposal of the commission, showed that the three governors have concluded plans to inject the money into the system through table payment of their state workers’ salaries.

“Let me tell you something, the Intel that I have yesterday and I would want you to take this thing very seriously. Already, some state governors that have some of this cash stashed in various houses and the rest are now trying to pay salaries in cash in their state,” he said.

Asked whether the commission would summon the governors, the EFCC chair said they are closely monitoring them.

He added that “I don’t know how they want to achieve that but we have to stop them from doing that. Well, we are working, they have not paid the salaries in cash yet but it is a very serious thing”, saying the move is against section 2 of the Money Laundering Prohibition Act.

“The law is very clear regarding cash transactions. Anybody that is to consummate any cash transaction as an individual, if it is not through a financial institution must not be above N5million and if it is above that it is criminal for you to engage in such transaction. And for corporate entities it is N10million.

“Yes, I agree the salaries are not up to that but why are you all of a sudden, and all along you have been paying people salaries through their bank accounts and now you want to pay them in cash, what are you trying to do? They will come under a lot of guises, they are trying to do verification of officers, that is what we have gotten,” he said.

The EFCC boss also confirmed the mad rush by some people to dispose of their stashed funds by buying property.

“We are aware of that. Even if you dispose of your property and you receive cash, for that cash to be of value to you after January 31, 2023, you have to take it to the bank; so what happened, are you coming to the bank with those millions? That is why we are working with the bankers and if you have this information let us know about it,” he said.

He said the raids of BDC operators would continue. This he said, is very important to protect the system against the laundering of stashed funds.

“They (BDCs) are very important in the sense that a lot of people that have this naira cash, will want to convert them to USD or other foreign currencies, that is why they are very important.

“And based on the known gullibility of these people (BDCs), they are willing to accept this cash from the owners of these monies and they are willing to depart with the foreign currencies that they have and so that is why they are very important and very critical to us in this project that we said to ourselves that we are going to do,” he said. When Bawa’s attention was drawn to the fact that the dollar was rising despite the EFCC raids, he said it is a function of demand and supply.

“The truth of the matter here is just a simple function of demand and supply, people are rushing this commodity not that they are going to use it for any meaningful business engagement but they are just rushing for it, just a store of value, that is what is happening.

“And what they say in economics is the higher the demand, the higher the price; so people are just seeing USD or other hard currencies just the way that they are seeing gold, to get it exchanged and store their value,” he said.

On why he met chief compliance officers of banks in Lagos recently, he said the parley was part of efforts to properly monitor the system and to seek their collaboration in respect of the likelihood of people bringing in their illegitimate funds back to the system.

“We knew a lot of people are hoarding these funds, it is with them and they will always find a way of trying to bring it back to the system.

“So, irrespective of what they use their cash for, whether they exchange it for dollars, whether they use it to purchase houses for those that are willing to accept cash, it has to eventually come back to the financial institution. So, irrespective of what you do, the banks are very important and critical in the sense that they are the end recipients of this cash.

“The owner of BDC must deposit the money he exchanged for the currency he did, the owner of real estate must also do the same and all of that. So, we sat down, we deliberated and we agreed on what to do. Everybody is happy about it,” he said.

He, however, urged Nigerians to be calm, saying “this (naira redesign) is just a routine thing that ordinarily CBN ought to have done after every eight years, the monies are going to be taken.

“All that the government is saying is come and deposit the money at no cost to you; that is just what is happening, nothing more than that. “How can you have an economy where you have 85 per cent of your currency out there when you are calling for a cashless society when we have a lot of means by which people can consummate their transactions? What are you hiding? These days, people hardly go to the banks, you can transfer your money here using your app, and you can transfer your money through ATM, POS, and all of that, so why keep the money? Why are you scared of going to the bank to say that you want to deposit your money? He queried.

Naira Redesign: 3 Serving Governors Under EFCC’s Watch List For Stashing Billions Of Naira In Their Houses – Bawa

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EXCLUSIVE: Troops kill ISWAP top Shura council member Bako Gorgore in Borno

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EXCLUSIVE: Troops kill ISWAP top Shura council member Bako Gorgore in Borno

By: Zagazola Makama

Troops of Operation Hadin Kai have reportedly killed a senior commander of the Islamic State West Africa Province (ISWAP), Malam Bako Gorgore, also known as Abou Mustapha, during an encounter in Kukawa Local Government Area of Borno State.

Security sources said Gorgore, believed to be about 60 years old, was killed during an encounter with troops in Kukawa Local Government Area of Borno, a region bordering the Lake Chad basin that has long served as a strategic hub for insurgent operations.

The development was reportedly confirmed through multiple intelligence channels after security operatives intercepted internal communications among ISWAP fighters acknowledging his death.

Gorgore was regarded as one of the longest-serving figures within the insurgency that began under the late Boko Haram founder, Mohammed Yusuf, in the early 2000s. Originally from Yunusari Local Government Area of Yobe State, he rose steadily through the ranks to become one of the most influential commanders within the ISWAP hierarchy.

Over the years, he occupied several strategic operational and leadership roles within the group, particularly in the Timbuktu Triangle, the vast forested and marshland region stretching across northern Borno near Lake Chad.

Between 2018 and 2021, he reportedly served as the overall commander responsible for the Faruuk axis in the Timbuktu Triangle following the tenure of another insurgent commander, Mustapha Krimima. During that period, intelligence assessments described Gorgore as one of the key operational planners responsible for coordinating insurgent movements and logistics across the Lake Chad region.

Role in the fall of Abubakar Shekau

One of the most defining episodes associated with Gorgore was the internal conflict within the Boko Haram movement that culminated in the death of Abubakar Shekau, the notorious leader of Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS). Security sources say Gorgore was among the senior ISWAP commanders who led fighters into Sambisa Forest in 2021, during the confrontation that forced Shekau into a final standoff.

According to intelligence reports at the time, Shekau detonated an explosive device during the confrontation in Tokumbere area of Sambisa, killing himself and some of his loyalists rather than surrender to the ISWAP faction. The incident dramatically reshaped the insurgent landscape in the North-East, weakening the JAS faction while strengthening ISWAP’s operational dominance in parts of Borno State.

Rise to ISWAP’s top leadership circle

Following the restructuring of ISWAP leadership after the Sambisa events, Gorgore continued to consolidate his influence within the organisation.
By 2022, he was elevated to the Shura Council, the highest decision-making body within the group, operating under the broader command structure aligned with the Islamic State’s global leadership.

Before his elevation to the council, he reportedly served as Amir Jaysh (military commander) in the Timbuktu Triangle after Mustapha Krimima.
His responsibilities included supervising combat operations, managing fighters, and coordinating activities across the Lake Chad “Tumbumma” enclaves a network of islands and marshlands long used as insurgent hideouts.

Previous death rumours

Interestingly, Gorgore had previously been reported dead in 2022, when intelligence suggested he was killed in a Nigerian Air Force airstrike targeting ISWAP positions in the Lake Chad region. However, subsequent intelligence assessments indicated that he survived the strike with injuries and later resurfaced within the group’s command structure. His reappearance at the time reinforced perceptions of him as one of the more resilient and elusive figures within the insurgency.

The confirmed killing of Gorgore could have important implications for the leadership cohesion of ISWAP. As a senior Shura member with deep operational experience dating back to the early Boko Haram years, his removal potentially disrupts command continuity within the group.

The insurgency in the Lake Chad region has historically depended on experienced commanders capable of navigating the complex terrain and maintaining loyalty among fighters.
The death of a veteran figure like Gorgore weakens institutional memory within the insurgent network. It may also trigger internal power struggles as younger commanders compete to fill the vacuum.”

Beyond the operational impact, the death of Gorgore also carries symbolic significance.
As one of the few surviving commanders linked to the original Boko Haram leadership under Mohammed Yusuf, his removal represents the gradual erosion of the insurgency’s old guard.

While ISWAP retains operational capabilities and continues to mount attacks in parts of the North-East, the loss of senior figures like Gorgore is expected to complicate its internal command dynamics. The coming months will reveal whether the group can quickly replace such experienced leadership or whether the loss will translate into reduced operational cohesion within its ranks.

EXCLUSIVE: Troops kill ISWAP top Shura council member Bako Gorgore in Borno

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Police foil kidnap attempt, rescue five victims in Benue

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Police foil kidnap attempt, rescue five victims in Benue

By: Zagazola Makama

The Police Command in Benue has foiled a kidnap attempt and rescued five victims along the Ugbokpo–Agatu road in Apa Local Government Area of the state.

Police sources said the incident occurred at about 7:45 p.m. on March 13 when the Divisional Police Officer (DPO) of Apa was conducting visibility policing and confidence-building patrol along the Ugbokpo–Agatu road.

According to the sources, on reaching Ojantelle community, the patrol team encountered suspected kidnappers who had earlier hijacked a Sharon vehicle with registration number EGB 407 YS.

The vehicle, driven by one Danladi John, was conveying four passengers and was travelling from Ugbokpo toward Agatu when it was intercepted by the armed men.

The police team immediately engaged the kidnappers in a gun duel, forcing the suspects to abandon the victims and flee into nearby bushes.

All five occupants of the vehicle were rescued unhurt and were allowed to continue their journey.

Police said operatives subsequently combed the surrounding bushes in an effort to track down and arrest the fleeing suspects.

The command assured residents that efforts were ongoing to apprehend the suspects and strengthen security along the road.

Police foil kidnap attempt, rescue five victims in Benue

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Crime

Troops repel attack on Forward Operating Base Azir in Damboa LGA, push back ISWAP terrorists

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Troops repel attack on Forward Operating Base Azir in Damboa LGA, push back ISWAP terrorists

By: Zagazola Makama

Troops stationed at Forward Operating Base (FOB) Azir in Damboa Local Government Area, Borno State, successfully repelled assault by terrorists of the Islamic State West Africa Province (ISWAP) at about 1:30 a.m. on March 13.

According to security sources, the assailants approached the base from multiple directions, intending to overrun the facility.

Troops engaged the terrorists with indirect fire which lasted for several minutes forcing them to withdraw in disarray and preventing any breach of the base.

Aerial surveillance support was deployed to monitor the area and ensure containment of the threat. No casualties were reported among troops, while the attackers suffered undetermined losses.

Troops repel attack on Forward Operating Base Azir in Damboa LGA, push back ISWAP terrorists

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