General
Customs, EFCC, NFIU, Others Renew Effort to Curb Financial Crimes
By Adedapo Adesanya
The Nigeria Customs Service (NCS) has deepened its collaboration with the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) in a renewed effort to curb money laundering, terrorism financing, and other cross-border financial crimes threatening Nigeria’s economy and security.
The move was reinforced at a two-day capacity-building workshop in Lagos, which brought together officers from key security and financial enforcement agencies, including the Department of State Services (DSS) and the Nigerian Immigration Service (NIS).
The workshop, jointly organised by the NCS and NFIU, aims to improve compliance with financial regulations, enhance intelligence sharing, and strengthen institutional resilience against transnational financial crimes.
The training forms part of the federal government’s broader strategy to safeguard Nigeria’s economy from illicit cash movements, terrorist financing, and money laundering, which continue to undermine national stability and investor confidence.
Declaring the workshop open, the Assistant Comptroller-General of Customs, Zone A, Mr Mohammed Babandede, who represented the Comptroller-General of Customs, Adewale Adeniyi, said the initiative reflects NCS’s strategic focus on intelligence sharing and inter-agency synergy to protect Nigeria’s borders from illicit financial flows.
“Inter-agency collaboration remains one of the key policy thrusts of the Comptroller-General’s administration. It has significantly contributed to our national security architecture, especially in countering money laundering and terrorism financing,” Mr Babandede said.
He explained that participants were carefully selected from airports and major land border, areas with high human and cash movement, to enhance operational awareness and proactive enforcement.
“The training will enable participants to exchange ideas, sharpen their detection skills, and develop actionable outcomes. Our goal is to ensure that every officer understands the gravity of illicit financial flows and takes decisive steps to curb them,” he added, according to a statement.
Representing the NFIU, Mrs Maryesther Eworitse, Deputy General Manager, Currency Operations Department, Murtala Muhammed International Airport, applauded the Customs Service for fostering strong institutional collaboration.
She revealed that recent joint operations had exposed suspicious cash movements, including one case involving over $6 million intercepted at the Lagos airport.
“We have intensified our monitoring and installed currency declaration kiosks at international terminals. Travellers must be reminded that any cash above $10,000 must be declared, and non-compliance attracts legal consequences,” Mrs Eworitse warned.
Similarly, the EFCC Head of Investigations, Lagos Zonal Office, Mr Shehu Muhammad, stressed that effective coordination among agencies is vital for tackling sophisticated financial crime networks.
“The customs service leads the currency declaration regime, while the EFCC takes up investigations and prosecutions. Strengthening our synergy means faster results and stronger deterrence against economic sabotage,” Mr Muhammad explained.
General
Oyetola Sets Accountability Bar for Maritime Agencies
By Adedapo Adesanya
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results.
Mr Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 first-quarter stakeholders’ engagement in Lagos on Thursday, where he emphasised the need for performance-driven governance.
“Let me emphasise that all Departments and Agencies under the Ministry must remain firmly focused on delivering tangible results,” he said.
In a statement by Mr Bolaji Akinola, Special Adviser to the Minister, Mr Oyetola noted that performance bonds to be signed during the retreat are binding commitments that will be closely monitored and rigorously evaluated.
“These are not ceremonial documents. They are binding commitments. Accountability will not be optional,” the Minister declared.
Mr Oyetola reiterated the need for data-driven decision-making, robust monitoring and evaluation frameworks, and alignment with the Ministry’s strategic objectives.
“At the institutional level, we must remain disciplined and accountable. Every department and agency must deliver measurable outcomes,” he added.
He explained that the retreat was designed to foster alignment between policy formulation, implementation, and stakeholder expectations.
“The integration of this engagement enables us to listen, reflect, and recalibrate,” he said.
The agencies include the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Shippers’ Council (NSC), National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, and the Council for the Regulation of Freight Forwarding in Nigeria.
He also announced a 160 per cent increase in revenue generated by agencies under the ministry, attributing the growth to sweeping reforms and a renewed focus on accountability.
“In 2023, our agencies generated N700.79 billion. By the end of 2025, this figure had risen to approximately N1.83 trillion. This remarkable achievement is the result of deliberate and sustained reforms,” he stated.
The Minister explained that the gains were driven by strengthened regulatory oversight, improved revenue assurance mechanisms, digitalisation of key processes, and a firm commitment to blocking leakages.
“This gathering reflects our commitment to a governance approach that is inclusive, transparent, and results-driven,” he added, noting that the convergence of stakeholders, policymakers, and institutional leaders was designed to align policy with implementation and public expectations.
Mr Oyetola linked the ministry’s improved performance to broader sectoral reforms, including port modernisation, approval for disbursement of the Cabotage Vessel Financing Fund (CVFF), and ongoing efforts to enhance indigenous participation in maritime activities.
General
Presidency Explains Reason Tinubu Met Jos Attack Victims at Airport
By Modupe Gbadeyanka
The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, has explained why Mr Bola Tinubu addressed the victims of the Plateau attacks at the airport on Thursday evening.
The decision of President Tinubu to console victims of the attacks, which left over 20 persons dead, at the Yakubu Gowon Airport in Jos last night has continued to generate reactions.
He was criticised for not visiting the victims at the epicentre, Angwan Rukuba, instead of having them to travel to meet with him at the airport.
In a statement on Friday, Mr Onanuga said his principal’s itinerary for yesterday included two main engagements: receiving the Chadian President, Mahamat Idriss Déby Itno, and proceeding to Iperu, Ogun State.
“After Governor Caleb Mutfwang’s briefing, President Tinubu suspended the trip to Ogun. Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed. However, the President could not postpone the scheduled visit by the Chadian leader.
“The President of Chad was at the Presidential Villa for a very important bilateral meeting focused on strengthening security collaboration between the two countries. The meeting ran longer than expected, affecting President Tinubu’s scheduled departure for Jos.
“Upon arrival in Jos, the visit encountered some logistical challenges. While the road distance from the airport to Jos township is approximately 40 minutes, the runway does not support night flights due to the absence of navigational aids. The constraints made it unfeasible to drive into town, meet victims for on-the-spot assessment and return to the airport before dusk.
“Consequently, state and federal officials decided to bring representatives of the affected community to a hall adjoining the airport so the President could meet with them promptly while adhering to flight restrictions. Among the people in the hall were the Minister of Defence, the Chief of Army Staff and the Inspector General of Police, who had visited Rukuba, the epicentre of the conflict. President Tinubu deployed the high-level team to Rukuba, including the Senior Special Assistant on Community Engagement, to undertake critical groundwork on security and community engagement, with a view to stabilising the area before his arrival.
“Beyond expressing his condolences to the victims, President Tinubu’s objective was to engage with critical stakeholders in Plateau State on ending the recurring, decades-old conflict that has resulted in needless loss of lives and property.
“President Tinubu’s visit to Jos was not merely symbolic. It was a strategic, high-level engagement aimed at bringing all stakeholders together to address the root causes of conflict and insecurity in the state.
“He interacted with the victims, consoled them, and listened to them. He also listened to local leaders and assured them that the federal government would deliver justice and end the cycle of violence. He promised the deployment of 5000 AI-enabled cameras to monitor the city and enhance the identification and arrest of troublemakers.
“Furthermore, the President invited the community leaders to Abuja for further talks on finding a lasting solution to the recurring violence in the state.
“The meeting, televised live, was solemn and reassuring, boosting residents’ confidence. President Tinubu achieved the purpose of his visit, despite the naysayers’ attempts to ridicule it. He dropped an unmistakable message: sustainable peace must be built with the people, not imposed on them,” the presidency explained.
General
Seplat Workers Begin Indefinite Strike Over Welfare Dispute
By Adedapo Adesanya
Workers of Seplat Energy Plc, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), began an indefinite strike on Friday as talks over a collective bargaining agreement and staff welfare issues broke down.
This development may impact Nigeria’s oil production at a time when the world is facing shortages due to the Iran war, and global oil prices are recording multi-year highs.
It will also hurt Seplat Energy’s operation as Nigeria’s largest independent oil and gas producer, adding to pressure on the country to maximise supply, which is fluctuating around 1.3 million barrels per day.
PENGASSAN said its action would remain active “until further notice, adding that its members would suspend most operations, including production reporting and export activities, while maintaining only essential safety and power functions.
The strike notice covers onshore and offshore assets, joint‑venture operations and offices nationwide from Friday.
Other less-skilled workers are covered by the Nigeria Labour Congress (NLC), which is not on strike with PENGASSAN.
Seplat Energy’s group production averaged 131,506 barrels of oil equivalent per day in 2025, according to its latest audited results. That is the equivalent of around 7 per cent–9 per cent of Nigeria’s total liquids production.
The company expects output to rise to 155,000 barrels of oil equivalent per day, making any sustained disruption particularly sensitive for Nigeria’s supply outlook.
With the company’s output expected to rise, any prolonged disruption could significantly impact Nigeria’s oil supply and fiscal outlook.
The company also plans to revive hundreds of Nigerian oil wells lying fallow, which, according to its chief executive, Mr Roger Brown, will be done in collaboration with the state-owned Nigerian National Petroleum Company (NNPC) Limited, as legally mandated in the country’s oil and gas industry.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
