General
Border Closure has Curbed Terrorism, Kidnapping, Smuggling—FG
By Adedapo Adesanya
Federal government may have to continue to leave the land borders closed on the premise that the action has brought about reduction in the number of illegal weapons and ammunition making it into the country.
Minister of Information and Culture, Mr Lai Mohammed, speaking recently at Seme, the border land between Nigeria and Benin Republic, said the move has brought about gains to the country.
Mr Mohammed was part of the federal government ministerial delegation on inspection and assessment of the potency of the border closure directive. He was with Ministers of Interior, Mr Rauf Aregbesola; Foreign Affairs, Mr Geoffrey Onyema, Minister of State for Finance and National Planning, Mr Clement Agba.
Others were the National Security Adviser, Gen. Babagana Monguno (rtd), Comptroller-General of Immigration, Mohammed Babandede and the Comptroller-General of Customs who was represented by a Deputy Comptroller-General.
The minister said that 95 percent of illicit drugs and weapons being used for acts of terrorism and kidnapping in Nigeria come in through the porous borders. Mr Mohammed explained that since the partial closure, the acts had been drastically reduced.
“Our conclusion is that, the arms and ammunition these terrorists and criminal elements were using no longer gain access into the country.
“In addition, the drugs which affect the health and the wellbeing of Nigerians have equally been reduced,” he said.
The Minister also added that the decision of the FG had seen illegal goods worth N3.5 billion seized as they could no longer make their ways into the country.
“The estimated values of the apprehended items are about N3.5 billion,’’ he said.
Mr Mohammed further said that the partial closure had so far curbed the smuggling of foreign rice into the country, in addition to other prohibited items
“Some items seized include 38,743-50kg bags of parboiled foreign rice, 514 vehicles, 1,012 drums filled with PMS, 5,400 Jerri cans of vegetable oil, 346 motorcycles, 10, 553 Jerri cans of PMS and 136 bags of NPK fertilizer used for making explosives.”
The minister also said that in the area of security, no fewer than 296 illegal immigrants had been arrested during the ongoing exercise.
“In the area of security, the ongoing exercise has recorded a number of seizures and arrests that would have had grave security consequences.”
He also noted that Nigeria’s neighbour, Niger Republic has already ordered the ban on rice imports from Nigeria and said this had brought about more engagement with local farmers.
“Our series of interactions and engagements with Rice Miller Association of Nigeria since the commencement of this exercise, has shown that the border closure has enhanced more production and milling of Nigerian rice.
“Patronage of Nigerian rice has increased and farmers are expanding their farms as well as engaging more hands,” he added.
By Modupe Gbadeyanka
One Mr Daniel Ameh living in Abuja has convicted and sentenced to two years imprisonment for duping one Mr Inalegu Egwa of the sum of N35 million.
While delivering judgement on Monday, May 5, 2025, Justice S. M. Mayana of the Federal Capital Territory (FCT) High Court in Apo, Abuja, however, gave the convict an option of N1 million fine.
Mr Ameh found himself before the judge after the Economic and Financial Crimes Commission (EFCC) arraigned him on a one-count charge bordering on criminal misappropriation.
The commission said the offence was contrary to Section 309 of the Penal Code and punishable under the same section and to which he pleaded “not guilty.”
During the trial, the prosecution counsel, Mr Ibrahim Buba, presented three witnesses and tendered relevant documents, which convinced the judge, who passed the judgement.
Mr Ameh was directed by Justice Mayana to pay the sum of N22 million, in restitution to his victim.
Investigation revealed that in 2021, Mr Ameh advised Mr Egwa to register a Bureaux de Change (BDC) company, which the victim agreed and engaged the convict to do the registration for him in the Corporate Affairs Commission (CAC) and to apply for the relevant licence from the Central Bank of Nigeria (CBN).
Mr Egwa paid the sum of N36 million through the convict’s bank account for remittance to the CBN, but in 2022, the apex bank announced the cancellation of BDC registrations and directed all affected applicants to forward their account details for refund of payments they made.
Rather than inform Mr Egwa of the new development for the channelling of the refund accordingly, Mr Ameh kept his victim in the dark, received the money in his personal account and converted it to his use.
As part of its continued commitment to sustainability, Access Holdings PLC will be amongst the leading participants in the United Nations Environment Programme Finance Initiative (UNEP FI) Regional Roundtable on Sustainable Finance for Africa and the Middle East.
Taking place from May 6-7, 2025, in Marrakech, Morocco, the event will bring together regulators, policymakers, and key stakeholders from the financial sector to discuss and shape critical sustainability issues, including climate mitigation and adaptation, nature-positive finance, just transition and financial inclusion, carbon finance, among others.
The Chief Brand and Communications Officer of Access Holdings; Amaechi Okobi; the Group Head of Credit Administration, Governance andProject Monitoring, Edmund Otaigbe; and Group Head of Products and Segments, Njideka Esomeju, will be contributing insights from their extensive experience in driving sustainability within the financial sector.
Among the discussions will be sessions dedicated to accelerating the transition of real economy sectors towards sustainability, addressing climate risks, and ensuring financial inclusion.
One of the focal points will be how financial institutions can support climate adaptation and resilience, particularly in vulnerable sectors across Africa and the Middle East. The event will further tackle the challenge of unlocking private finance for the Sustainable Development Goals (SDGs), exploring innovative ways to align capital flows with regional sustainability needs.
Other high-level dialogues will explore regional collaboration to support sustainability goals, advancing action on climate adaptation, and the regulatory developments promoting sustainable finance across the region.
Panels will focus on topics such as financing and insuring MSMEs for climate resilience and fostering an inclusive transition by ensuring that vulnerable communities and underserved populations are not left behind in the push for green growth.
Prominent speakers at the event include Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Agenda; Louise Gardiner, Senior Operations Officer at the International Finance Corporation (IFC); Lily Burge, Policy Manager, Climate Bonds Initiative; Samuel Tiriongo, Director of Research and Policy, Kenya Bankers Association; Walid Ali, General Manager, Sustainability Department, Central Bank of Egypt; Yasser Mounsif, Director of Issuers, Moroccan Capital Market Authority, alongside other leaders in sustainable finance.
The UNEP FI Regional Roundtable promises to be a critical platform for deepening collaboration among stakeholders across Africa and the Middle East, with the shared goal of creating a resilient, sustainable future for the region.
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) says it has granted popular social media activist, Mr Martins Innocent Otse, otherwise known as VeryDarkMan (VDM) an administrative bail.
VDM was apprehended in the premises of GTBank in Abuja last weekend after he was at the bank to question why the account of his mother was debited for a loan she did not apply for.
It was reported that VeryDarkMan was blindfolded and beaten by security operatives who came for him.
Since his arrest, there have been claims that some powerful persons instigated the EFCC to pick him up because of his criticisms online.
In a statement on Tuesday, the anti-money laundering agency said it apprehended VDM over “grave allegations of financial malfeasance.”
The agency said it received petitions against the suspect, adding that it obtained an order to keep him beyond the 24 hours stipulated by the Constitution.
However, the EFCC said it have granted him an administrative bail, with VDM still making efforts to meet for his eventual release.
“The EFCC has a lawful right to hold Otse in custody like any other suspect being investigated by the Commission. The appropriate Remand Order was obtained in this regard. He has been offered an administrative bail and would be released after fulfilling all the bail conditions.
“The commission appreciates the interest of Nigerians in its operations. The passion, enthusiasm and torrential reactions to all of its activities are welcome.
“However, insinuations about its motive in carrying out its assignment should no longer continue. The EFCC should be allowed to do its job without fear or favour. As soon as investigations are concluded, charges will be filed,” the statement said.
The commission said it acted the way it did because the suspect “refused to show up in spite of several invitations sent to him through his known addresses and medium of communication.”
It was stated that the petitions pertain to grave allegations of financial malfeasance which cannot be ignored by the commission” because it has the mandate of “tackling economic and financial crimes.”
Since his arrest a few days ago, there have been calls, including from outside the country, for his release
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