General
Drug Dealers With N264m Cocaine in NDLEA Net

By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) in Abuja has arrested two drug dealers, Mr Emeka Okoro and Mr Ibrahim Bello, with cocaine weighing 1.1 kilogramme, which has a street value of N264 million.
This was disclosed by the agency’s Director, Media and Advocacy, Mr Femi Babafemi, in a statement released on Wednesday in Abuja.
Mr Babafemi said one of the suspects, Mr Okoro was caught with 900 grammes of cocaine in a commercial bus along Abuja-Gwagwalada road on April 26 based on intelligence.
He added that the suspect, Mr Bello was nabbed with 200 grammes of the illicit drug in the Zuba area of the Federal Capital Territory, (FCT) on the same day through a controlled delivery operation.
He quoted the Commander, NDLEA, FCT Command, Mr Mohammed Sokoto, as saying that Mr Okoro was an intending traveller to Libya through Kano and Agadez in the Niger Republic.
He said, “Okoro was with wraps of cocaine weighing 900 grammes while the other seizure of 200 grammes was equally made following intelligence on Monday 26th April 2021.
“The wraps of cocaine were not to be swallowed as has always been the case but to be concealed in Jerry cans of palm oil and transported through the border in Kano to Agadez and Libya.
“The suspect, Okoro, revealed that this has been the trend in the past months,” he said.
Meanwhile, the Kogi State Command of the agency also intercepted and seized 157.5 kilogrammes of skunk concealed in false panels in a Peugeot J5 bus.
Mr Babafemi said the bus with registration number Lagos AGL 641 XW had a 43-year-old suspect, Christian Godwin arrested with the contraband.
He quoted the Commander, NDLEA, Kogi State Command, Mr Adewunmi Alfred, as saying that the suspect and his consignment were intercepted at a patrol point in Lokoja, the state capital.
“The skunk was sourced from Ikire in Osun State and heading to Masaka in Nasarawa State before our men arrested the suspect, seized the illicit drug and the vehicle used to convey it on Monday 26th April 2021,” he added.
The Chairman of the NDLEA, Mr Buba Marwa, commended officers and men of the FCT and Kogi State Commands for their vigilance and commitment to the task of ridding the country of illicit drugs.
According to him, these seizures and arrests in FCT and Kogi point to the fact that the agency will continue to disrupt the operations of the drug peddlers.
“We will dismantle the drug supply networks of these unconscionable elements and deny them the benefits of their illegal trade,” he said.
General
PenCom Targets 20 Million Pension Contributors by 2027

By Adedapo Adesanya
The National Pension Commission (PenCom) has said it hopes to achieve about 20 million pension contributors by the end of year 2027, as against the over 10.65 million it currently counts.
The Director-General of PenCom, Ms Omolola Oloworaran, said this over the weekend at the Pension Industry Leaders’ Retreat in Lagos.
According to her, the target would be achieved through the expansion of Personal Pension Plan (PPP) formerly known as Micro Pension Plan (MPP); constant engagements with stakeholders; enforcement of pension compliance certificates, especially by state governments amongst other initiatives.
She noted that the retreat has provided opportunities for the industry to adopt new strategies, stating that the resolutions reached will be fully implemented before the end of first quarter 2026.
On pension contributions, she said the industry expects a 50 per cent growth, stating that pension growth is essential for economic growth and development.
As of February 28, 2025 the pension fund assets was N23.27 trillion and Retirement Savings Account (RSA) holders 10.65 million.
Recall that recently, the pension regulator announced the recovery of N1.58 billion from defaulting employers through enhanced enforcement efforts as total pension assets under management (AuM) surpassed N23 trillion as of February.
The DG also announced state remittances had also improved, reflecting a greater adoption of the Contributory Pension Scheme (CPS).
Ms Oloworaran noted that in spite of these advancements, challenges remain, as only 25 states and the Federal Capital Territory (FCT) had enacted laws to implement the CPS.
“Six states operate hybrid schemes, while another six have bills at advanced legislative stages.
“Notable progress has been made in Katsina, Yobe, Bauchi, and Abia states. However, full implementation of the CPS is currently limited to eight states,” she explained at the First Run 2025 Consultative Forum for States and the Federal Capital Territory (FCT) held in Kano in late April.
General
CBN Warns Against Fictitious Persons Offering Contracts, Grants

By Adedapo Adesanya
The Central Bank of Nigeria (CBN) has again reacted to the activities of individuals and groups falsely claiming to represent or act on its behalf, warning Nigerians against falling for these schemes.
According to the Acting Director of Corporate Communications at the CBN, Mrs Hakama Sidi Ali, in a statement, these persons continue to circulate fictitious offers of contracts, loans, grants, intervention funds, and other financial benefits allegedly issued or endorsed by the CBN.
“Despite the public advisory issued on November 18, 2024, through the Bank’s official channels and news outlets, these misleading schemes have persisted, targeting unsuspecting members of the public with false and deceptive narratives,” the statement said.
“The CBN wishes to reiterate that it has not authorised, licensed, or appointed any individual, group, or organisation to act as an agent or intermediary in offering contracts, financial grants, or intervention funds to the public. The CBN also does not endorse or support such claims in any form.
“Members of the public are advised that the Central Bank of Nigeria (CBN) does not award contracts or disburse funds through unsolicited communications such as emails, phone calls, SMS, WhatsApp, or any social media platform. It also does not request payment of fees in exchange for contracts, grants, or financial interventions, nor does it engage intermediaries or third parties to offer financial services or opportunities to the public.
“If you are approached by individuals or entities making such claims, we strongly advise that you do not engage with them. Instead, such incidents should be reported immediately to the relevant law enforcement agencies or the nearest CBN Branch.
“The Central Bank of Nigeria remains committed to safeguarding the financial interests of the Nigerian public and continues to work closely with security agencies to investigate and address fraudulent activities,” the statement said.
General
NIMASA Clarifies Use of Technology in Concession of Operations

By Adedapo Adesanya
Nigerian Maritime Administration and Safety Agency (NIMASA) has said that its resolve to embrace technology as a means of enhancing capacity to deliver on its regulatory mandate more effectively and generate additional revenue for the government is being misinterpreted in some quarters as concession of its operations.
NIMASA, in a statement, said a pivotal innovation in this regard is the Maritime Enhanced Monitoring System (MEMS).
“This system brings digital traceability to the core of Nigeria’s maritime operations. MEMS provides real-time visibility into vessel movements, operational logs, and regulatory interactions. Through automated alerts, smart invoicing, and centralized data integration, NIMASA can now detect, document, and respond to maritime activities with greater precision and efficiency—eliminating unnecessary bottlenecks while strengthening compliance,” it stated.
It listed additional recipients targeted as waste reception services, a routine operation for both domestic and international vessels have traditionally lacked proper tracking, resulting in unmonitored activities and significant revenue losses.
“With MEMS, each waste offload can be logged, time-stamped, and automatically billed, converting previously missed opportunities into a consistent revenue stream while ensuring environmental standards are met,” the statement said.
“Marine pollution control, another critical area of NIMASA’s mandate, has similarly been constrained by limited digital tools. In the absence of satellite tracking and automated reporting, pollution events often go unnoticed or are reported too late to mitigate their impact. With the integration of modern surveillance systems, digital logbooks, and real-time alerts, NIMASA can now respond swiftly to such incidents, recover environmental damages, and hold polluters accountable—both legally and financially.
“It is important to emphasize that past revenue shortfalls experienced by the Agency mainly stemmed from outdated manual processes, fragmented data systems, and insufficient digital enforcement mechanisms which allowed some external elements to capitalize on the loopholes for personal gains .
“The current reforms being implemented by NIMASA are focused squarely on overcoming these limitations. By investing in digital infrastructure and streamlining monitoring systems, the Agency is positioning itself to fulfill its statutory obligations with transparency, efficiency, and accountability,” it added.
NIMASA therefore called for the support of its transformation journey as it aligns with the broader national objectives of the Ministry of Marine and Blue Economy under the Renewed Hope Agenda of President Bola Tinubu.
“The Agency remains committed to strengthening Nigeria’s maritime governance, ensuring environmental safety, and optimizing revenue for the nation,” the statement said.
“It is worthy of note that the Deep Blue Project of the Agency which now enjoys global recognition also witnessed such resistance at the initial stage,” it stated.
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