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Anti-Corruption War Useless Without International Help—Dogara

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By Dipo Olowookere

Speaker of Nigeria’s House of Representatives, Mr Yakubu Dogara, has submitted that African nations need the assistance of international communities to succeed in its war against corruption.

Mr Dogara, while delivering a keynote address at the 28th plenary meeting of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) in Abuja, said Africa will defeat money laundering and others if Western countries stop providing safe haven for looters.

He therefore called for stronger synergy among impoverished countries in Africa in order to achieve desired outcomes in the fight against money laundering and terrorist financing.

The Speaker noted that due to lack of effective international cooperation and collaboration, criminals have globalised their activities, connecting across the globe seamlessly whilst the enforcers of the laws are hampered in no small measure.

Mr Dogara expressed the National Assembly’s, and indeed, Nigeria’s readiness to fully comply with the global standards required of her by demonstrating political support to the relevant competent authorities in the country to deepen the anti -money laundering and combatting the financing of terrorism culture in Nigeria.

The lawmaker also stressed that the administration of President Muhammadu Buhari is wholly focused and effectively poised to deal with the issues of corruption, money laundering, insecurity and terrorism in the country.

“There must be synergy between the impoverished countries where monies may have been stolen and laundered from and countries where considered as safe havens where these proceeds of crime are kept.

“As stated earlier, the fibres of international cooperation must be strengthened if we must win the fight against money laundering and terrorist financing.

“Nigeria is fully committed to complying with the global standards required of her by demonstrating political support to the relevant competent authorities in Country so as to deepen the anti -money laundering and combatting the financing of terrorism (AML/CFT) culture in Nigeria.

“The National Assembly will, when called upon for any legislative intervention to bring our system in tandem with global realities and requirements, do so with utmost sense of responsibility knowing the central role the subject matter of anti-money laundering and combatting terrorist financing play in the attainment of economic prosperity and global peace.

“Nigeria is open to forms of cooperation permissible under the law and also in line with prevailing global best practices which could be expressed in unhindered Financial Intelligence Unit (FIU) to Financial Intelligence Unit (FIU) information exchange, or request for Mutual Legal Assistance (MLA) through the office of the Attorney General of the Federation and Minister of Justice,” he said.

Going further, the Speaker highlighted the connection between stolen and criminally acquired funds and sponsorship of terrorism, which he stressed continues to be a major challenge for policymakers in both developed and developing countries, with the magnitude of wanton destruction and loss of lives it leaves in its trail.

“As you all are well aware, terrorism and illicit financial flow have become a major scourge and an issue of global concern. Repeated calls have been made for effective global collaboration to deal with the menace of terrorism, terrorists financing and money laundering.

“The Financial Action Task Force (FATF), United Nations, the World Bank, International Monetary Fund and others have at different times created global frameworks to guide countries who are enjoined to pass relevant laws and take other counter measures to deal with individuals, entities and assets of money launderers and terrorist financers in their jurisdictions.

“It’s difficult to imagine an organised terror activity without some form of financing. As a matter of fact terrorism feeds on money more than ideology.

“It may involve funds raised from legitimate sources, such as profits from legitimate businesses and charitable organizations as well as personal donations. In some cases criminal enterprises provide financing for terrorist activity: criminal sources, such as the drug trade, robbery, kidnapping, smuggling especially of weapons and other goods, extortion, and fraud.

“Terrorists adopt the techniques usually deployed by money launderers to evade the attention of relevant authorities and to help mask the identity of their sponsors and of the terrorists who may ultimately be the beneficiaries of the funds.

“The frequency of terrorist attacks in Africa has necessitated its recognition as a region warranting special counter-terrorism measures. In particular, the Boko Haram in Nigeria has been associated with the death of numerous Nigerians and destructions of properties worth billions of Naira.

“This is in addition to the disturbing trend of illicit financial flows orchestrated by corrupt public officials who at different times abused public trust for personal gains thereby occasioning the worsened economic woes of unemployment, infrastructural decay, insecurity and a host of other socio-economic problems.

“In moving their funds, terrorists may use the formal banking system, informal value-transfer systems or the oldest method of asset-transfer, the physical transportation of cash, gold and other valuables through smuggling routes.

“All these contribute to the complexity of dealing with the problem. Unfortunately, as complex as the war against these hideous crimes are, our generation cannot afford to lose the war otherwise bedlam will continue to spiral and spread its deathly blanket upon nations of the earth.

“It will take effective networking and the coming together of nations to be able to deal with this global scourge,” he stated.

The Speaker commended the openness and willingness of many countries across the world that partner with Nigeria to fight corruption and return to Nigeria, monies and other assets that have been stolen and stashed away in their jurisdictions, adding that the National Assembly will, when called upon for any legislative intervention, bring its system in tandem with global realities and requirements with utmost sense of responsibility, knowing the central role the subject matter of anti-money laundering and combatting terrorist financing play in the attainment of economic prosperity and global peace.

He also called for continuous and sustainable coordination and collaboration amongst the competent authorities in Nigeria and other jurisdictions whilst assuring the competent authorities in Nigeria that the doors of the legislature is always open to them for constructive engagement and discussion.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Dangote Cement Ibese Commissions Cassava Processing Plant in Ogun

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Cassava Processing Plant in Ogun

By Aduragbemi Omiyale

In order to aid alternative and sustainable means of livelihood amid rising food prices and growing concerns over food security in Nigeria, the Ibese Plant of Dangote Cement Plc has handed over a state-of-the-art garri and fufu processing plant to the Kajola host community in Ewekoro Local Government Area of Ogun State.

The facility is expected to support cassava farmers and processors by improving efficiency and expanding income-generating opportunities.

According to the organisation, the project, delivered under the Community Development Agreement (CDA) with its host communities signed in 2022, is a strategic intervention aimed at boosting agricultural value addition, reducing post-harvest losses and strengthening livelihoods for rural farmers and women.

The Ibese Plant Director, Mr Ayyagari Subbaraidu, at the commissioning, said, “This project is aimed at improving cassava processing, reducing losses and creating sustainable employment for women and farmers in the community.”

He disclosed that the facility features separate garri and fufu processing units equipped with modern machinery, including a five-tonne-per-day peeling machine, hydraulic presses, frying systems, fermentation basins, solar-powered boreholes and sanitation infrastructure, adding that it will serve as a catalyst for local economic growth by enhancing productivity and supporting small-scale agribusinesses across Kajola and neighbouring communities.

The Plant Director also urged the community and the Project Governance Committee to maintain transparency in the management of the facility to ensure long-term sustainability.

The Ogun State Commissioner for Agriculture and Food Security, Mr Bolu Owotomo, who was at the unveiling of the project, said it aligns with Governor Dapo Abiodun’s vision of making agriculture a key driver of economic growth through value addition and enterprise development.

The Commissioner disclosed that “over 166,000 farmers, including more than 90,000 cassava farmers, have been registered under the Ogun State Farmers Information Management System (OGFIMS) to benefit from government interventions.”

He urged the community to safeguard the facility and assured residents of the continued support of the state government towards agricultural development and food security.

“This processing plant will strengthen the cassava value chain, improve product quality, create jobs and enhance food security while boosting farmers’ incomes,” the Commissioner stated.

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FG Backs US Sanctions on Three BDC Operators Linked to Terror Financing

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bdc operator

By Adedapo Adesanya

The federal government has hailed the recent sanctioning of three Nigerian bureau de change (BDC) operators by the United States’ Office of Foreign Assets Control (OFAC) for alleged terrorism financing.

“The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC).

“These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026,” it disclosed in a statement.

It said that the naming of the three companies and six people followed extensive intelligence gathering, financial investigations, and inter-agency assessments, which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported, or otherwise contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.

“The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), Babangida Muhammed Adamu Hammajam (NLISWi.24), Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), Nine to Nine BDC Limited (NLISWe.27),” the statement read in part.

The federal government reiterated its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions obligations, including asset-freezing requirements, the filing of suspicious transaction reports, and the reporting of all relevant matches to the appropriate authorities.

The sanctions committee commended the work of the Federal Ministry of Justice, Office of the National Security Adviser (ONSA), Central Bank of Nigeria (CBN), Department of State Services, Economic and Financial Crimes Commission, and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.

It stated that Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.

The committee also said that the Federal Government would continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global efforts to combat terrorism and its financing.

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Lagos Seals Radio Station, Others for Noise Pollution

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Wise FM Lagos

By Aduragbemi Omiyale

A radio station, Wise FM, has been sealed by officials of the Lagos State Environmental Protection Agency (LASEPA).

The premises of the broadcast media platform, located on Ogabi Street, Meiran, Ile-Iwe Bus Stop, were shut by the state government on Tuesday, June 23, 2026, alongside other establishments across different parts of Lagos State for alleged persistent violations of environmental regulations despite repeated warnings, abatement notices, and opportunities provided for compliance.

In a statement by LASEPA, it was disclosed that the enforcement exercise was carried out in response to various environmental infractions, including noise pollution, air pollution, obstruction of official duties, and failure to comply with its directives.

As regards Wise FM, it was said that it was sealed for noise and air pollution as well as non-compliance with the Agency’s directives.

Another organisation affected, Star-View Terrace, located in Amuwo Odofin, Lagos, was shut down for noise pollution and non-compliance with the agency’s directives, while Premiership Suites, located at Akin Osiyemi Street, Off Allen Avenue, Ikeja, was sealed for non-compliance with the agency’s directives.

Speaking on the enforcement operation, the General Manager of LASEPA, Mr Babatunde Ajayi, reiterated the organisation’s unwavering commitment to safeguarding public health and ensuring a cleaner, safer, and more sustainable environment across Lagos State.

He stressed that both individuals and corporate organisations have a responsibility to comply with environmental laws and regulations, stressing that environmental protection remains a collective duty that requires the cooperation of all stakeholders.

The LASEPA boss warned that the agency would continue to intensify enforcement actions against violators in order to curb environmental nuisances and protect residents from the harmful effects of pollution.

Mr Ajayi urged residents, business owners, and operators of commercial establishments to adopt environmentally responsible practices and cooperate with regulatory authorities in promoting a healthier, cleaner, and more livable Lagos.

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