General
EFCC Recovers N250bn Loot, Secures 3,500 Convictions in One Year
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) says it has successfully recovered looted N250 billion in cash between October 2023 and October 2024.
According to the anti-graft agency, this underscores its renewed efforts in the fight against corruption and financial crimes.
The EFCC said it also recovered millions of dollars, pounds, and other currencies in the past year, and recorded 3,500 convictions, demonstrating a broadening of its focus beyond internet fraud, or “yahoo yahoo,” to include high-profile corruption cases that have cost Nigeria millions.
Speaking during an oversight visit by the House of Representatives Committee on Financial Crimes at its headquarters, the chairman of the organisation, Mr Ola Olukoyede, highlighted that asset recovery is a central component of the EFCC’s anti-corruption strategy, stressing that depriving suspects of the proceeds of their crimes weakens their ability to resist prosecution.
“If you understand the intricacies involved in financial crimes investigation and prosecution, you will discover that to recover one billion Naira is war. So I told my people that the moment we start an investigation, we must also start asset tracing because asset recovery is pivotal in the anti-corruption fight.
“If you allow the corrupt or those that you are investigating to have access to the proceeds of their crime, they will fight you with it. So one of the ways to weaken them is to deprive them of the proceeds of their crime. So, our modus operandi has changed tremendously. The moment we begin an investigation, we begin asset tracing. That was what helped us to make our recovery.
“The essence of the EFCC mandate is to move Nigeria forward. And I made known my three policy objectives. So, we have embarked on these since October last year with the help of my management team and the entire EFCC staff, and I am happy to announce to you that between October last year and October this year, we were able to recover about N250billion in cash, tens of millions of dollars, tens of millions of Pound Sterling and other currencies,” he stated.
He explained that the commission equally put up a command performance in the area of convictions, amassing about 3500 convictions in the period spanning from October 18, 2023, to October 18, 2024.
“In the area of convictions, we have done over 3000 and we also want to re-orientate your minds that it is not only yahoo yahoo. We have evidence, we have many high-profile cases in which we secured convictions. I wish to remind everyone that this issue of yahoo yahoo thing that some people are treating with kid gloves is a crime that cost the nation over $500,000.
In the aspects of the corruption and fraud prevention mandate of the EFCC, Mr Olukoyede disclosed to the Committee that the Commission within the last one year had emphasized prevention more than ever before and it is set to achieve better and more cost-efficient results with it.
“I believe that the best way of fighting corruption is to prevent it. In the past one year, we have had cause to establish a new Directorate called Fraud Risk Assessment and Control, FRAC. The mandate of this Directorate is to work with the Office of the Accountant General to look at the financial releases that go into the MDAs and monitor the implementation of projects because, in the last 20 years, we discovered that we have not done up to 20 per cent of our capital project implementation and execution.”
Mr Olukoyede also touched on the workload of the Commission, noting that “apart from the convictions, we have several cases filed in court. In the last one year, we received over 17,000 petitions and right now, we are investigating over 20,000 cases. Between October 2023 and now, we have opened new case files of over 4800,” he said.
General
Tinubu Confirms Killing of Abu-Bilal Al-Manuki by Nigerian, US Forces
By Modupe Gbadeyanka
President Bola Tinubu on Saturday confirmed the killing of a senior ISIS leader, Mr Abu-Bilal Al-Manuki, in an overnight operation carried out by the United States and Nigeria.
President Donald Trump had earlier announced the elimination of the notorious terrorist via a post on his Truth Social.
Later, in a statement today, Mr Tinubu praised the action, describing it as “a significant example of effective collaboration in the fight against terrorism.”
“Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States, conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State,” he said in the statement.
According to him, early assessments confirm the elimination of the wanted IS senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin.
He commended the partnership between Nigeria and America in waging war against terrorists, thanking his US counterpart “for his leadership and unwavering support in this effort.”
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation,” the Nigerian leader added.
General
Nigeria Steps up AI Surveillance, Anti-Drone Systems for National Security
By Adedapo Adesanya
Nigeria is set to strengthen its defence architecture by deploying artificial intelligence-powered surveillance systems and advanced anti-drone technology as part of efforts to modernise the country’s military capabilities, according to the Minister of Defence, Mr Christopher Musa.
He disclosed this during a high-level visit to Monaco, where he led a Nigerian delegation to conclude discussions on the multi-domain Hybrid Intelligence Shield (HIS) project.
According to Mr Musa, the initiative is designed to enhance border security, protect urban centres and improve the country’s response to emerging security threats.
The project is expected to introduce AI-driven surveillance systems capable of identifying threats rapidly through smart algorithms, while anti-drone technology will be deployed to intercept and neutralise unmanned aerial threats.
The government also plans to establish national and regional command-and-control centres to improve real-time coordination and response to security incidents across the country.
Mr Musa said the initiative would place strong emphasis on technology transfer and local capacity development through the establishment of a military Centre of Excellence in Nigeria.
He added that the federal government would leverage partnerships with international firms, including Marss UK Ltd, while simultaneously building indigenous capabilities to address insurgency, illegal mining, piracy and other security threats.
Nigeria has continued to battle multiple security challenges in recent years, including insurgency in the North-East, banditry and kidnappings in the North-West, farmer-herder clashes in the North-Central region, crude oil theft in the Niger Delta and piracy in the Gulf of Guinea.
Nigeria is stepping up its defence as the border region of Nigeria, Benin and Niger on the southern edge of the Sahel region is becoming a new stronghold for jihadists, as militants turn forests and pastoral networks in West Africa into bases for recruitment and international attacks.
Attacks in Nigeria have also risen, with data from the website of the Armed Conflict Location & Event Data (ACLED), a conflict-monitoring group, affirming that the number of suicide bombings in Nigeria by March already matched the annual average over the past six years.
The Nigerian military has also been dealt a blow to its military bases and senior figures targeted. In April, Brigadier-General Oseni Omoh Braimah was killed when Islamist fighters attacked a base in Borno State.
To also meet the defence goal, Nigeria is stepping up efforts to build domestic arms-manufacturing capacity.
General
Nigeria, Morocco to Seal Atlantic Gas Pipeline Deal by Q4 2026
By Adedapo Adesanya
Nigeria and Morocco are set to sign a major intergovernmental agreement later this year to push forward the long-delayed Nigeria-Morocco Gas Pipeline project, a multi-billion-dollar energy corridor expected to reshape gas trade across West Africa and Europe.
The agreement, expected to be signed in the fourth quarter of 2026 by President Bola Tinubu and King Mohammed VI of Morocco, follows the completion of preliminary technical studies for the ambitious project, according to officials from both countries.
The pipeline, also known as the African Atlantic Gas Pipeline, is projected to stretch about 6,900 kilometres along offshore and onshore routes across West Africa, making it one of the largest gas infrastructure projects on the continent.
With an estimated cost of $25 billion, the pipeline is designed to transport up to 30 billion cubic metres of gas annually once completed.
Discussions on the project gained fresh momentum during a telephone conversation between Nigeria’s Minister of Foreign Affairs, Mr Bianca Odumegwu-Ojukwu, and her Moroccan counterpart, Mr Nasser Bourita.
The project would not only strengthen energy cooperation between the two countries but also improve regional economic integration and expand Africa’s access to European energy markets.
According to Morocco’s hydrocarbons and mining agency, ONHYM, part of the gas supply will support Morocco’s domestic energy demand, while large export volumes will be directed to Europe.
The project, first proposed about a decade ago, is seen as a strategic alternative gas supply route amid rising global energy security concerns and Europe’s search for more diversified energy sources.
Beyond the pipeline, Nigeria and Morocco are also exploring broader economic partnerships, particularly in fertiliser production and distribution to support food security across Africa.
Both countries also agreed on the need to revive the Nigeria-Morocco Business Council to strengthen trade and investment relations under the African Continental Free Trade Area framework.
Analysts noted that the project could significantly boost gas monetisation opportunities for Nigeria, expand regional infrastructure development, and deepen economic ties between West African nations and Europe if successfully executed.
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