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Flutterwave, EFCC to Tackle Fraud, Boost Digital Security

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By Adedapo Adesanya

Flutterwave has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a state-of-the-art Cybercrime Research Centre as part of efforts to tackle internet crime and enhance the security of business transactions.

According to a statement, the San-Fransisco-based unicorn signed a Memorandum of Understanding (MoU) with the anti-graft agency on June 14, 2024, in the Federal Capital Territory (FCT), Abuja.

The deal was signed by the EFCC Secretary, Mr Mohammadu Hammajoda, and the chief executive of Flutterwave, Mr Olugbenga Agboola in the presence of the EFCC chairman, Mr Ola Olukoyede; the Director of Federal Bureau of Investigations (FBI), Mr Christopher Gray, and other senior officials from both agencies.

The partnership will see the construction of the Cybercrime Research Centre, which will be established at the new EFCC Academy in Abuja.

The centre would serve as a hub for advanced research, training, and capacity building in the fight against financial crimes. The areas of focus of the centre include advanced fraud detection and prevention, collaborative research and policy development, youth empowerment and capacity building, technological advancement and resource enablement, among other key areas.

Speaking at the event, Mr Olukoyede said, “This partnership marks a significant leap forward in our efforts to combat financial crimes and ensure a secure financial landscape for Nigerians. The Cybercrime Research Centre will significantly enhance our capabilities to prevent, detect, and prosecute financial crimes.”

On his part, Mr Agboola said, “This initiative underscores our commitment to creating a fraud-free financial ecosystem and leading the charge in safeguarding transactions across Africa.

“We applaud the EFCC’s relentless efforts to combat internet fraud and other illicit activities in the financial sector.”

The statement noted that other functions will include advanced fraud detection and prevention to detect and prevent financial fraud. The centre will offer comprehensive training for law enforcement and industry professionals to combat modern financial crimes effectively.

It will also serve as an entry point for collaborative research and policy development.

“Engaging in joint research initiatives and policy formulation to enhance the understanding and regulation of financial crime. The centre will provide a platform for the exchange of ideas and best practices between the public and private sectors.”

The centre would also provide a sustainable lifeline to youths across the country.

“Youth Empowerment and Capacity Building: Providing high-end training and research opportunities for 500 youths, equipping them with the skills needed to navigate and excel in the digital economy.

“Technological Advancement and Resource Enablement: Creating a repository of advanced tools, technologies, and resources to support financial crime investigations, including protocols for addressing emerging threats such as cryptocurrency-related crimes,” the statement concluded.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Ansar-Ud-Deen Foundation’s Board of Trustees for Inauguration December 13

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By Adedapo Adesanya

The Ansar-Ud-Deen Society of Nigeria will on Saturday, December 13, 2025, inaugurate the Board of Trustees of its newly created Ansar-Ud-Deen Foundation. The event will take place at La Scala Restaurant, MUSON Centre, Onikan, Lagos.

The Society described the inauguration as an important step in strengthening its long history of faith-based service, education, and community development. For more than 100 years, Ansar-Ud-Deen has promoted Islamic knowledge, moral values and social support across many communities. The new Foundation is expected to help organise and expand these efforts in a more structured and sustainable way.

According to the President of the Society, Mr Mosediq Adeniji Kazeem (SAN), the foundation will focus on major areas such as education, healthcare, youth empowerment, and community development. He said it will operate based on Qur’anic principles of charity, fairness and compassion.

Mr Kazeem explained that, “the Board of Trustees will be made up of respected men and women who have shown integrity, vision and dedication to service. He said the Foundation will act as a permanent endowment to support key projects of the Society.”

One of its main responsibilities will be the renovation and maintenance of Ansar-Ud-Deen mosques nationwide. “Our mosques must be accommodating and welcoming. We must be proud of any Ansar-Ud-Deen mosque we visit,” he said.

Other areas of focus include improving the infrastructure of Ansar-Ud-Deen schools, supporting Summit University, Offa, and funding social welfare and empowerment programmes for Muslims and the larger community.

The Foundation will also handle investments and donations on behalf of the Society, ensuring that resources are well managed, transparently reported, and invested in halal and ethical ventures that provide long-term benefits.

Reflecting on the broader vision, Mr Kazeem noted: “This Foundation gives structure to our shared aspiration that the good works of Ansar-Ud-Deen will not fade but will continue to flourish across generations.”

He called on members across Nigeria and in the diaspora to continue supporting the mission of building a community based on piety, fairness and progress.

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Nigeria Customs Destroys N181m PMS Smuggling Network in Adamawa

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By Adedapo Adesanya

The Nigeria Customs Service has uncovered a major petroleum smuggling network in Adamawa State, cutting off fuel supply lines that have been draining national revenue and strengthening criminal economies along Nigeria’s northern borders.

National Coordinator of Operation Whirlwind, ACG Kolapo Oladeji, disclosed that officers recorded 55 seizures in eight weeks, blocking the illegal movement of more than 184,000 litres of PMS, a development he described as a significant economic breakthrough for the country.

“This operation is about protecting Nigeria’s strategic resources,” Mr Oladeji told journalists on Thursday at the Customs House in Yola. “Our mandate is clear: to shut down all illegal supply chains that empower criminal elements.”

The seizures, valued at N181.6 million in duty-paid terms, were intercepted across notorious smuggling corridors including Mubi–Sahuda, Farang–Belel, Gurin–Fufore, Maiha, Wuro-Bokki, Ribado waterways, Muninga and Bakin Kogi.

According to Mr Oladeji, items recovered include 2,642 jerrycans of 25-litre PMS, several 220-litre drums, and two large wooden boats used to ferry petroleum products across the border.

He stressed that the illegal PMS diversion is not just an economic crime but a direct threat to national stability.

“The smuggling network is a grave threat to Nigeria’s economy and internal security,” he said. “The illegal diversion of PMS weakens our revenue base and directly fuels non-state actors and cross-border criminal syndicates.”

Mr Oladeji added that intensified surveillance under Operation Whirlwind has “made it extremely difficult for saboteurs to move PMS out of the country,” in line with the directives of Comptroller-General Adewale Adeniyi.

Commending residents of border communities for supporting the operation with credible intelligence, the Customs chief urged them to remain vigilant.

“Your timely information has been invaluable,” he said. “Security is a collective responsibility, when you see something, say something.”

He also acknowledged the media’s role in raising awareness about the economic and security implications of petroleum smuggling, describing public enlightenment as crucial in sustaining recent gains.

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Ekpo Laments Slow Progress in Decade of Gas Initiative

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By Adedapo Adesanya

The Minister of State for Petroleum Resources, Mr Ekperikpe Ekpo, has expressed his frustration towards the partial progress in Nigeria’s flagship Decade of Gas Initiative, advocating that it must now be aggressively accelerated.

Launched by the late former President Muhammadu Buhari in 2021, the scheme is a national policy drive declaring 2021–2030 as the country’s “Decade of Gas.” with the goal of transforming Nigeria from an oil-dependent economy into a gas-powered industrial nation, using its vast natural gas reserves (one of the largest in Africa) for economic growth.

However,  speaking recently at the 14th Practical Nigerian Content (PNC) Forum in Yenagoa, Mr Ekpo said the policy has delivered some gains in LPG penetration, CNG rollout, and gas commercialisation, but “not at the scale Nigeria urgently requires.”

“We have made progress, but not enough,” the minister admitted. “The pace has been slower than expected, and we must move with far greater urgency.”

He cited persistent infrastructure gaps, gas supply volatility, funding constraints, and delayed policy execution as major setbacks.

“Critical pipelines are behind schedule. Feedstock shortages still hamper power and industries,” he said. “These challenges have limited the full realisation of the Decade of Gas vision.”

The minister, however, outlined a renewed push to accelerate delivery through tighter regulatory coordination and investment incentives.

“We are strengthening inter-agency alignment to remove approval bottlenecks,” Ekpo said. “The PIA gives us the fiscal tools to unlock more capital into midstream and domestic gas programmes.”

He noted measurable progress in domestic LPG consumption, clean cooking expansion, and flare gas commercialisation, calling them “strong foundations that must now be scaled up.”

“Our goal remains clear: affordable gas for power, households, industries and transport,” he said. “We are not abandoning the Decade of Gas; we are intensifying it.”

Mr Ekpo said the government will prioritise early delivery of key projects such as OB3, AKK, NLNG Train 7, Brass Fertiliser, and several gas-based industrial hubs.

“These projects will determine whether the Decade of Gas becomes a transformative legacy or a missed opportunity,” he warned.

The minister urged industry players, financiers and host communities to recommit to the national gas agenda.

“We need every stakeholder on board,” he said. “Nigeria cannot afford to slow down at a time when global markets are shifting and opportunities are emerging.”

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