Crime
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
Crime
Illicit drug consignment packaged as green tea intercepted at Lagos airport

Illicit drug consignment packaged as green tea intercepted at Lagos airport
By:Michael Mike
No fewer than 66 parcels of Loud, a strong strain of cannabis, packaged as green tea have been intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA) at the import shed of the Murtala Muhammed International Airport (MMIA) Lagos.
According to the spokesman of the anti-narcotics agency, Femi Babafemi, the seizure made last Thursday was based on credible intelligence received ahead of the arrival of the consignment at the cargo wing of the airport on 11th May.

Babafemi, in the statement issued on Sunday, disclosed that the NDLEA had watch-listed the shipment, and sustained surveillance around it for over three weeks before inviting other stakeholders for a joint examination last Thursday.
He said the Loud consignment weighing 62.2 kilogrammes was concealed inside wraps of green tea that came from Thailand via UAE on an Emirate Airlines flight.
Babafemi said in another operation in Lagos, NDLEA operatives last Monday intercepted a consignment of 1,665 kilogrammes skunk, a strain of cannabis, along Lekki-Ajah expressway. Two suspects: Gidado Ayinde and Obanla Oluwafemi were promptly arrested in connection with the seizure.
In Kaduna, operatives of the state command of NDLEA on patrol along Abuja – Kaduna expressway last Tuesday arrested 29-year-old Goodluck Nnaemeka with 612 bottles of codeine-based syrup and 2,970 pills of flunitrazepam. In another operation same day, a 52-year-old wanted drug dealer Kabiru Musa (a.k.a KB) was arrested at Kurmin Mashi. A total of 25.7 kilogrammes skunk was earlier recovered from his base.
While a total of 9 kilogrammes Loud was recovered from the spare tyre compartment of an Audi station wagon car marked AAA 975 XU driven by Atari Israel, 45, along Auchi road, Edo state, two young women: Favour Joy and Joy Igwe were last Tuesday nabbed at Ikpoba hill area of Benin city. Recovered from them include: 106.57 kilogrammes skunk; 1 kilogramme Loud; 800 grammes Colorado and 302 grammes of methamphetamine.
Babafemi said the War Against Drug Abuse (WADA) social advocacy activities by NDLEA commands equally continued across the country in the past week.
Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd) while commending the officers and men of MMIA, Lagos, Kaduna, and Edo commands of the agency for the arrests and seizures of the past week, also 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.
Illicit drug consignment packaged as green tea intercepted at Lagos airport
Crime
Young man dies after falling into abandoned mining pit in FCT

Young man dies after falling into abandoned mining pit in FCT
By: Zagazola Makama
A 27-year-old man, Ismail Ahmed, has died after being trapped in an abandoned mining pit in Pangu Village, Kwali Area Council of the Federal Capital Territory.
Zagazola Makama learnt that the incident happened on Saturday, June 7, during a heavy downpour while Ahmed was washing clothes by a nearby stream.
According to family members, he sought shelter from the rain by entering the old mining hole dug by former gold miners. The soil collapsed due to the heavy rain, trapping him inside.
Community members rescued him and rushed him to Kwali General Hospital, where he was pronounced dead on arrival.
The family declined an autopsy and opted for burial according to Islamic rites.
Local residents have been advised to exercise caution and avoid unsafe locations, particularly during the rainy season, to prevent similar tragedies.
Young man dies after falling into abandoned mining pit in FCT
Crime
Troops intercept truck with over 164,000 cartridges in Anambra, arrest suspected IPOB/ESN arms suppliers

Troops intercept truck with over 164,000 cartridges in Anambra, arrest suspected IPOB/ESN arms suppliers
By: Zagazola Makama
Troops of Sector 5 of Operation UDO KA, in a joint operation with operatives of the 63 Brigade and the Department of State Services (DSS), have intercepted a truck loaded with over 164,000 live cartridges allegedly being supplied to the proscribed Indigenous People of Biafra (IPOB) and its armed affiliate, Eastern Security Network (ESN).
Intelligence sources told Zagazola Makama that the operation followed credible intelligence which led to the arrest of a suspected arms courier, Mr Emeka Omenife, along the Asaba–Onitsha expressway on 29 May 2025.


According to the sources, Omenife was immediately handed over to the DSS for interrogation. During questioning, he reportedly confessed to being part of a syndicate involved in transporting ammunition from Ghana to Nigeria for IPOB/ESN operatives.
Following his confession, troops arrested his accomplice, Mr Uchenna Obiora, at the Onitsha–Awka tollgate on 30 May 2025, while he was awaiting delivery of the ammunition.The arrest led to the interception of a truck which had the concealed ammunition.
“Upon interception, the vehicle was moved to Onitsha Cantonment, where a thorough search revealed a total of 164,650 live cartridges hidden in four constructed compartments within the cargo bed of the truck,” a source told Zagazola.
The cartridges, believed to have been purchased from Ghana, had Onitsha as their destination, the source added. Further investigations are ongoing to track down other members of the syndicate and their collaborators.
Zagazola also confirmed from security sources that Omenife had earlier been arrested by troops and the Office of the National Security Adviser (ONSA) tracking team on Jan. 22 at his residence in Onitsha Housing Estate.

During the January operation, he attempted to flee and was shot in the buttocks before being evacuated to the 302 Army Regiment Medical Services for treatment. He was later handed over to the Anambra State Police Criminal Investigation Department, Annex Akwuzu, for prosecution. His re-arrest in May suggests that he may have returned to the same criminal enterprise following his release in an unexplained circumstances.
Troops intercept truck with over 164,000 cartridges in Anambra, arrest suspected IPOB/ESN arms suppliers
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