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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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Two immigration officers shot in Abuja after being mistaken for robbers

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3 days ago

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May 12, 2025

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Two immigration officers shot in Abuja after being mistaken for robbers

By: Zagazola Makama

Two immigration officers were shot in the Sabon Iddo area of Abuja on Friday night after being mistaken for armed robbers by a man identified as Pastor Darlington, who is currently at large.

A Police sources told Zagazola Makama that the incident occurred at about 10:00 p.m. when the officers, Oyomide Zion and Hakeem Mashood, were on routine movement in the area.

According to police sources, at about 11:40 p.m., the Divisional Police Officer of Iddo Division received a distress call and deployed patrol teams to the scene.

Upon arrival, another immigration officer, Uduk James, reported that his colleagues had been shot. The injured officers were evacuated to the Nigerian Air Force Base Hospital, Abuja, where they are currently receiving treatment.

Police sources say efforts to track and arrest the fleeing suspect, identified as Pastor Darlington alias, have been intensified.
End

Two immigration officers shot in Abuja after being mistaken for robbers

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NDLEA arrests Iran-bound Hijab wearing woman with cocaine in private part, stomach, bag at Port Harcourt Airport

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3 days ago

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May 12, 2025

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NDLEA arrests Iran-bound Hijab wearing woman with cocaine in private part, stomach, bag at Port Harcourt Airport

By: Michael Mike

Operatives of the National Drug Law Enforcement Agency (NDLEA) have thwarted a desperate attempt at the Port Harcourt International Airport to smuggle cocaine into Iran by a woman, Ihensekhien Obehi who disguised with hijab and concealed the illicit drug in her private part, stomach and false bottom of handbag.

According to a statement by the spokesman of the anti-narcotics agency, Femi Babafemi, she was intercepted at the security checks of the departure hall of the Port Harcourt airport on Sunday 3rd May 2025 while trying to board a Qatar Airline flight to Iran via Doha following credible intelligence.

Babafemi said during her search, she was found to have inserted three wraps of cocaine in her private part, and two large parcels hidden in false compartments of her handbag while she swallowed 67 pellets of the Class A drug.

He said she was placed under excretion observation and after four excretions that lasted days, she expelled the 67 wraps of the substance in her stomach. She claimed she was to swallow 70 pellets of cocaine but after ingesting 67 pieces she could no longer swallow the remaining three and decided to insert them into her private part, adding that the total weight of the three consignments hidden in different parts of her body comes to 2.523 kilogrammes.

Babafemi said in like manner, NDLEA operatives at the Murtala Mohammed International Airport, MMIA, Lagos last Friday intercepted a 22-year-old British national, Campell Slifer coming from Thailand through Doha on Qatar Airways flight with two suitcases loaded with 35 parcels of Loud, a strong strain of cannabis weighing 37.6 kilogrammes.

Campell, who claimed he had twice been convicted in the UK for drug trafficking and robbery, said he was recruited in London to travel to Thailand to pick the illicit consignment and bring same to Nigeria.

In Niger state, NDLEA officers acting on intelligence last Wednesday intercepted a fuel truck marked ABJ 693 XU and three other vehicles loaded with 246 bags of skunk, a strain of cannabis with a combined weight of 3, 047 kilogrammes along Suleja-Kaduna road. Four suspects arrested with the exhibits include: Christopher Onyema, 47; Benedict Etineruba, 54; Chukwudi Ujue, 30; and Mohammed Danasabe. Apart from the fuel truck, three other vehicles recovered from the suspects include: Honda Odyssey bus marked YAB 667 CZ; Gulf bus with registration number GWA 125 TQ and
Honda Odyssey bus marked ABJ 230 CN.

At Oja Amukoko in Ijora area of Lagos, two suspects: Eze Chekube and Ike Chinyerem were last Thursday arrested by NDLEA operatives with a total of 109,914 pills of tramadol, swinol and nitrozepam seized from them, while 52.5 kilogrammes skunk was recovered from two suspects: Lukman Umar, 23, and Tukur Ammadu, 20, in a bus at Gwantu, Sanga local government area, Kaduna State last Tuesday, NDLEA operatives on patrol along Bode Saadu- Jebba expressway, Kwara State last Monday arrested Rufai Nasiru with 45,400 pills of tramadol 225mg.

In Bauchi state, NDLEA officers on patrol along Bauchi-Gombe road last Tuesday intercepted a Toyota Tundra jeep marked RBC 111 DW conveying 526 blocks of skunk weighing 505 kilogrammes with two suspects: Isaac Onogure, 37 and Ikechukwu Peter, 44, arrested.

Babafemi said a total of 31 kegs containing 775 litres of codeine syrup were recovered from two suspects: Hafizu Uman, 34, and Ismail Shehu, 48, when NDLEA operatives raided their hideout at Rijiyar Zaki area of Kano on Saturday, while 1.1 kilogrammes of Loud consignment concealed in pillow coming from Thailand was last Tuesday intercepted by NDLEA officers at a courier company in Lagos.

The War Against Drug Abuse (WADA) social advocacy activities by NDLEA commands equally continued across the country in the past week.

Meanwhile, while commending the officers and men of DOGI, MMIA, PHIA, Lagos, Kano, Kaduna, Bauchi, Kwara, and Niger commands of the agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd) equally praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

NDLEA arrests Iran-bound Hijab wearing woman with cocaine in private part, stomach, bag at Port Harcourt Airport

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Army troops neutralised 5 Boko Haram insurgents in renewed offensive in Sambisa Forest

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3 days ago

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May 12, 2025

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Army troops neutralised 5 Boko Haram insurgents in renewed offensive in Sambisa Forest

By: Zagazola Makama

The ongoing military onslaught under Operation Hadin Kai has recorded another feats, with the successful neutralisation of five Boko Hara fighters in the notorious Ladin Buttu axis of Sambisa Forest.

The recent encounter, which resulted in the recovery of arms and critical supplies, reinforced the renewed momentum of the Nigerian military’s intensified offensive operations deep into insurgent-held enclaves within the forest.

Ladin Buttu, a known terrorist transit and logistics hub, particularly for water access, had long served as a strategic hideout for insurgents operating within the fringes of the forest. But under the latest push by troops of Operation Hadin Kai, it has become the latest flashpoint in a string of aggressive operations designed to dismantle remnants of terrorist infrastructure.

Military sources told Zagazola Makama that the troops made contact with the terrorists during a clearance patrol and engaged them in a fierce firefight. Five terrorists were neutralised, while others fled with varying degrees of gunshot wounds.Recovered from the scene were three AK-47 rifles, five loaded magazines, and other military ordnance.

The operation, forms part of a broader recalibrated campaign by the Theatre consequent upon the visit of the COAS who has ordered intensified ground raids and aerial surveillance across Sambisa, Timbuktu Triangle, and parts of the Lake Chad fringes in a bid to cripple the operational capacities of the Boko Haram and ISWAP factions.

Army troops neutralised 5 Boko Haram insurgents in renewed offensive in Sambisa Forest

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