General
NDLEA Intercepts Illicit Drugs at Eko Atlantic, Others
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) has seized over 22,160 kilograms of Codeine syrup, Methamphetamine and Skunk at the Apapa seaport and a notorious drug den in Mushin, Lagos State in two separate operations, among other seizures in the country.
This was disclosed in a statement issued on Sunday by Mr Femi Babafemi, the Director, Media & Advocacy, NDLEA Headquarters, Abuja.
According to the statement, a total of 14,080kg codeine syrup (8,080 litres) and 4,352.43kg cold caps used to conceal the former in a 40ft container imported from India, were intercepted on Wednesday, February 2 at the Apapa port, while Cannabis and other drugs imported from Ghana including Methamphetamine weighing 3,727.72kg, were seized in an early morning raid at Akala, Mushin.
About 17 suspects, including five females, were arrested in connection to the Mushin raid.
The seizure at the Lagos seaport followed intelligence from foreign partners and the cooperation of other port stakeholders.
At Akala, NDLEA Strike Force operatives in their numbers with support from the military stormed warehouses in the drug den and evacuated bags and bottles of cannabis, ‘loud’, ‘skunk’, ‘skuchies’ and Methamphetamine as well as the 17 suspects for further investigation.
Meanwhile, a suspected female drug kingpin identified as Miss Jemilat Seriki, who was revealed as one of the owners of 12,385 pellets of ‘loud’ imported from Ghana and intercepted at Eko Atlantic Beach, Victoria Island Lagos on Saturday, November 27, 2021, has been arrested by narcotics officers after weeks of manhunt.
Miss Seriki admitted to being one the owners of the consignments seized, adding that her bags of drugs had ‘Jah Bless’ written on them.
Meanwhile, in Niger State, a 64-year-old former Divisional Police Officer of Idanre Police station, Ondo state, who was dismissed from service for drug-related offences, Mr Monday George Chika, has again been arrested with an accomplice, Mr Emmanuel Eniola, with 280 blocks of compressed cannabis weighing 168kg.
They were arrested on Sunday, January 30, in Mokwa, Niger State, after their Toyota Avalon car marked EKY 429 BZ (Lagos) loaded with the substance was intercepted at Idanre, en route Kanji, Borgu area of the state.
At the Murtala Muhammed International Airport (MMIA), Ikeja Lagos, attempts by some traffickers to export different quantities of Methamphetamine to Brazil and the United Kingdom were scuttled by narcotics officers.
The first bid was made on Friday, January 28, through the SAHCO export shed where operatives intercepted 0.80kg of Meth concealed in relaxer plastic containers for transmission to the UK.
A suspect, Akuta Chioma Lucy who presented the consignment for search, was arrested for further investigation.
The second attempt was on Friday, February 4, during the outward clearance of passengers at Gate ‘C’ Departure hall of the airport when an intending male passenger on an Ethiopian Airline going to Brazil, Mr Onyeaghala Chidi was intercepted with 500 grams of Meth concealed inside three plastic hair relaxer containers.
Also at the airport, a male passenger, Mr Iliyasu Yushau Yushau, coming from Kampala, Uganda via Nairobi, Kenya was intercepted by operatives with 268 debit cards belonging to Access Bank, GTBank and Zenith Bank, during the inward clearance of passengers on the flight on Sunday, January 30.
In Edo State, NDLEA operatives on Friday, February 4, stormed the Igbogiri forest, Orhionwon LGA and destroyed four dry season Cannabis farms measuring 3.067718 hectares, following the evacuation of 20 bags of compressed blocks of Cannabis weighing 269.5kg stored in a bush at Uzebba, Owan West LGA, the previous day and the arrest of Afadama James, 42, with 348kg cannabis at Owan, Ovia North East LGA on Wednesday, February 2.
While operatives in Delta State arrested a 21-year-old student of Federal Polytechnic, Auchi, Miss Kate Osagie over a 17.6grams designer drug she ordered from Onitsha, Anambra state, their colleagues in Borno State on Thursday, February 3 nabbed one Fatima Musa, 30, for attempting to smuggle pentazocine injections into the camp of surrendered insurgents.
In Plateau State, operatives intercepted a truck marked LSD857XB coming from Ekpoma, Edo State with 885 blocks of Cannabis Sativa that weighed 736kg.
The sun of N400,000 paid to bribe the arresting officers has also been warehoused as part of exhibits for prosecution, just as two suspects; Mr Ebunoluwa Babalola, 40, and Mr Sulyman Sheu, 30, were arrested at Ganmo, Ilorin, Kwara State with 90kg of Cannabis.
In the same vein, 2kg of Methamphetamine being brought to Abuja by a 29-year-old, Miss Charity Omuche from Anambra state was intercepted on Friday, February 4, by operatives at Gwagwalada area of the FCT, while officers of the Kaduna Command of the Agency also arrested a suspect, Mr Buhari Isah Umar with 300 shisha pens and 999 portions of synthetic cannabinoids with a gross weight of 9.690kg.
On his part, the Chairman/Chief Executive of NDLEA, Mr Mohamed Buba Marwa commended the officers and men of the Strike Force, Apapa seaport, MMIA, Lagos, Niger, Edo, Borno, Plateau, Kwara, FCT and Delta Commands of the agency for the successful interdiction operations that led to the seizure of thousands of kilograms of illicit drugs from across the country in the past week.
By Adedapo Adesanya
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the federal government to review the fuel import licences recently issued to some marketers, saying the policy is driving up fuel prices, putting pressure on foreign exchange and creating instability in the downstream petroleum sector.
Speaking in Abuja, IPMAN’s National Publicity Secretary, Mr Chinedu Ukadike, said the current import regime has not achieved its goal of making fuel more affordable. Instead, he argued that it has encouraged the importation of more expensive petrol while increasing the country’s dependence on foreign exchange.
According to Mr Ukadike, some importers plan to sell Premium Motor Spirit (PMS), also known as petrol, for about N1,350 per litre, which is higher than the ex-depot price offered by the Dangote Petroleum Refinery.
The IPMAN official questioned the need to import fuel at higher prices when locally refined products are available at lower costs, noting that the situation has made it difficult for independent marketers to plan their businesses because import costs continue to fluctuate.
Mr Ukadike also raised concerns about the quality of some imported fuel and called on regulators to ensure that only products that meet Nigeria’s standards are allowed into the country.
The association warned that continued fuel imports also increase demand for the US Dollar since importers pay for products in foreign currency. This, the association said, puts additional pressure on the naira and contributes to higher fuel prices.
The association stressed that Nigeria should focus on supporting local refining to improve energy security and reduce reliance on imported petroleum products.
It noted that the Dangote Petroleum Refinery has helped maintain steady fuel supply despite global disruptions, including tensions in the Middle East.
According to IPMAN, greater use of locally refined fuel would reduce FX demand, strengthen the refining industry, create jobs and improve economic stability. It also said producing enough fuel for local consumption while exporting excess output would help Nigeria earn more foreign exchange.
The association called on the federal government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company (NNPC) Limited and the Presidential Committee on downstream reforms to engage stakeholders and adopt policies that support domestic refining.
IPMAN said strengthening local refining remains the best long-term solution for affordable fuel, stable supply and improved energy security in Nigeria.
By Adedapo Adesanya
The National Insurance Commission (NAICOM) has reiterated that the July 31, 2026, deadline for insurance companies to meet the new minimum capital requirements remains firm, warning operators against treating it as a mere formality.
The Commissioner for Insurance of NAICOM, Mr Olusegun Ayo Omosehin, who gave this warning, urged companies that have yet to meet the new minimum capital requirements to act with urgency.
Speaking on Friday at the investiture of Mr Akinjide Oluwarotimi-Orimolade as the 53rd President and Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos, Mr Omosehin said the recapitalisation exercise remained a critical pillar of the Commission’s ongoing reforms aimed at building a stronger, more resilient and consumer-focused insurance industry.
According to him, the new minimum capital requirement is designed to improve insurers’ claims-paying capacity, strengthen their balance sheets, support higher domestic risk retention and prepare the industry for a risk-based capital regime.
“With about 14 days to the July 31 deadline, we commend operators that have made significant progress in raising capital, engaging investors, strengthening governance and submitting for the Commission’s verification process.
“However, the deadline is not symbolic; it is regulatory, and the industry must treat it with the urgency it deserves,” he said.
The Commissioner assured stakeholders that the insurance sector regulator would maintain a transparent, fair and firm process, stressing that every operator must demonstrate financial soundness, regulatory compliance and operational readiness.
He added that stronger capitalisation must ultimately translate into better service delivery, prompt settlement of claims, improved consumer protection and greater public confidence in insurance.
Mr Omosehin noted that the Nigerian Insurance Industry Reform Act (NIIRA) 2025 has provided a stronger legal framework for a more resilient, better-governed and responsive insurance market, adding that NAICOM’s reform agenda is focused on market conduct, policyholder protection, governance, insurance penetration, financial inclusion and responsible innovation.
He described professionalism as the foundation of a trusted insurance market, saying the industry’s growth depends not only on adequate capital and effective regulation but also on ethics, competence, innovation and public confidence.
“The strength of insurance depends not only on capital and regulation but also on professionalism, ethics, innovation and public confidence. A trusted insurance market cannot be built on capital alone. It requires competent professionals, ethical institutions, credible advice and fair treatment of policyholders,” he stated.
By Bon Peters
About 29,645 litres of premium motor spirit (PMS), otherwise known as petrol, as well as industrial palm oil, edible palm oil and vegetable oil with a Duty Paid Value (DPV) of N26 million have been auctioned by the Eastern Marine Command of the Nigeria Customs Service (NCS).
The products were seized by the agency from some smugglers and auctioned on Thursday, July 16, 2026, at the Oron Outstation of the Command in Akwa Ibom State, in strict compliance with Section 119 of the Nigeria Customs Service (NCS) Act 2023.
It was gathered that the command auctioned 14,720 litres of petrol and 14,925 litres of industrial palm oil, edible palm oil and vegetable oil, according to a statement issued over the weekend in Port Harcourt, Rivers State, by the command’s spokesman, Mr Joshua Iliya, a Deputy Superintendent of Customs.
It was disclosed that the exercise aligned with the service’s statutory mandate to transparently dispose of seized, forfeited, and abandoned goods after all due legal processes have been completed.
The petrol had a DPV of N11.4 million, 14,200 litres of industrial palm oil with a DPV of N14.1 million, 600 litres of edible palm oil with a DPV of N840,000, and 125 litres of vegetable oil with a DPV of N141,000.
Declaring the auction open, the Acting Comptroller of the Eastern Marine Command, Mr Esien Etim Esiet, stated that the items were intercepted during successful anti-smuggling operations within the command’s jurisdiction, adding that the seizures followed direct violations of the NCS Act and other extant laws governing restricted goods.
“This exercise reflects our unwavering commitment to transparency, accountability, and the prudent management of government assets,” he stated, reiterating that, “Beyond the lawful disposal of goods, this auction serves as a stark reminder that smuggling is an economic crime.”
“It undermines national development, threatens local industries, and deprives the government of critical revenue,” he averred, commending the resilience and professionalism of the command’s officers for securing Nigeria’s maritime borders despite operating in challenging terrains.
The customs officer assured bidders that the process was structured to be fair, open, and legally compliant while offering equal opportunity to all eligible participants.
