Four Suspected Drug Traffickers in NDLEA Custody

Image

By Adedapo Adesanya

Operatives of the National Drug Law Enforcement (NDLEA) have seized 4.1 kilogrammes of cocaine wrapped in tea bags, arresting four suspected drug traffickers at the Lagos and Abuja airports.

The spokesman of the agency, Mr Femi Babafemi, said in a statement issued on Sunday that the cocaine was intercepted from a Brazil-based cartel.

“At least, four traffickers involved in the attempts to import and export illicit drugs through the country in the last week are now in the custody of the agency,” the statement read.

“One of them is 33-year-old Pascal Ekene Okolo, an indigene of Ihe in Ogwu Local Government Area of Enugu State, who was arrested during an inward clearance of Qatar Airways flight from Sao Paulo via Doha at the arrival hall of the NAIA on Sunday 17th April.

“Okolo, who claimed to be into wine business in Brazil, was arrested with a travelling bag containing different medicinal tea bags, which were used to conceal 4.1 kilograms of cocaine,” he added.

According to the anti-drug agency, a Canada-based Nigerian, Mr Anigo Christian Godspower, was intercepted at the D-Arrival Hall of the MMIA during an inward clearance of passengers on Qatar Airways from Sao Paolo via Doha to Lagos on Sunday, April 17.

Two blocks of cocaine weighing 2.10kg were discovered when his luggage was searched. But the suspect, 52, and a native of Udi local council area of Enugu State, claimed he ran an unregistered Bureau De Change business before taking up the illicit drug trade.

“The bid by another cartel to export 950 grams of Heroin concealed in the soles of lady’s footwear through the MMIA cargo shed was equally foiled by anti-narcotic officers who have so far arrested two suspects linked to the crime,” it added.

“Those arrested between 16th and 17th April in connection with an attempt to export the drug to Monrovia, Liberia include Idokoja Solomon Chukwurah and Patrick John Tochukwu,” the statement disclosed.

This is just as a suspected fake security agent was arrested on Saturday, April 23 in Abuja while moving 23.8kg of cannabis from Lagos to Maiduguri, Borno State.

In his reaction to the feats, the Chairman/Chief Executive of NDLEA, Mr Mohamed Buba Marwa also commended the operatives of the affected commands.

Share
Related Stories
Image
02-March-2024

CAA Reaffirms Commitment to Climate Innovation for Sustainable Future

By Modupe Gbadeyanka A leading social enterprise focused on environmental sustainability, Climate Action Africa (CAA), has reaffirmed its commitment to being at the forefront of driving climate innovation for a sustainable future. The organization, which is a key participant at the four-day Omniverse Summit 2024 in Lagos, emphasised the need to integrate environmental sustainability models, technology, and community-driven innovation to address climate change challenges. It promised to foster an inclusive climate action ecosystem through innovation, which it said can be used to identify and scale solutions to address the imminent climate crisis in Nigeria and Africa as a whole, The

Image
29-February-2024

Nigerian Navy Impounds Stolen N8.6bn Crude, Others in Three Weeks

By Adedapo Adesanya The Nigerian Navy, through the Troops of Operation Delta Sanity, has deactivated 41 illegal refining sites and impounded stolen crude oil and other products worth N8.6 billion in three weeks. The Director of Naval Information, Mr Adedotun Ayo-Vaughan, a Rear Admiral, made the disclosure in a statement, saying that various Nigerian Navy platforms were deployed for the operation meant to combat oil theft and illegal oil bunkering plaguing Nigeria’s maritime environment. He said that between February 5 and February 22, a total of 51 wooden boats and three fibre ones were apprehended, while 104 illegal refining ovens,

Image
27-February-2024

NIN-SIM Linkage: Court Stops Telcos from Deactivating Subscribers’ Lines

By Modupe Gbadeyanka Telecommunication operators in Nigeria have been restrained from deactivating the phone lines of their subscribers who fail to link their SIMs to the National Identification Numbers (NINs) as directed by the federal government. This directive was given by Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos in a suit filed by a lawyer, Mr Olukoya Ogungbeje, who argued that the action was an infringement on his fundamental rights. The Nigerian Communications Commission (NCC), the regulatory agency for the telecommunications sector in the country, had ordered GSM network providers to deactivate all phone lines not linked

Image
04-March-2024

Aradel Emerges Best Fully Integrated Energy Firm at NIES Awards

By Adedapo Adesanya Local oil and gas investment giant, Aradel Holdings Plc, has won the Best Fully Integrated Energy Company of the Year Award at the just-concluded 7th edition of the Nigerian International Energy Summit (NIES) 2024 energy industry awards. The prestigious NIES award is a highlight in the energy industry calendar that recognises individuals and organisations that have established themselves through technical contributions, professional excellence, industry leadership, career achievements, and a commitment to fostering Nigerian content. The awards honour those who have demonstrated the ability to envision innovative solutions that not only transform lives and communities but also contribute

More Stories
Image
07-September-2022

CBN Raises T-Bills Stop Rate to 10% to Attract More Investors

By Dipo Olowookere In order to attract more investors, especially at a period inflationary pressures in the country are making most investment tools unattractive, the Central Bank of Nigeria (CBN) has jerked the stop rate for treasury bills to double digits. On Wednesday, September 7, 2022, the apex bank auctioned some T-bills to traders at the primary market and from analysis of the results of the exercise, the one-year instrument was sold at 10.00 per cent compared with the 8.50 per cent it cleared at the previous exercise, indicating a 1.50 per cent increment. The rate was raised amid a

Image
03-January-2023

Major Indicators That Will Shape Nigeria in 2023

The year 2022 has been an eventful one. As we close out on all activities of the year and look forward to a new one, it is important that we begin to envisage what the new year portends and be better prepared. The outgoing year has been marked with some remarkable incidences: President Muhammadu Buhari signed the Electoral Act 2022, the CBN issued a string of controversial announcements, the Nigerian government plans to wean off the subsidy regime starting next year, and 5G made it to Nigeria; however, rollouts have been slow. These and many more are the highlights that

Image
06-December-2017

Experts Call for Digital Financial Inclusion in Nigeria

By Dipo Olowookere Stakeholders and experts in the financial system have agreed that Nigeria’s development agenda should incorporate digital financial inclusion. Consequently, governments and relevant agencies in the country have been challenged to work together and execute policies that will promote this system. Speaking at the Financial Inclusion Conference 2017 organised by the Lagos Business School (LBS), in collaboration with BusinessDay, Microsave and International Finance Corporation (IFC) on Tuesday, Board Chairman of EfinA, Ms Modupe Ladipo, who is one of the panellists, said that consumer protection was essential in financial inclusion as different consumers have different needs. “As a matter

Image
29-November-2023

Naira Plunges 8.3% Amid Rush for Dollar at Official Market

By Adedapo Adesanya The Nigerian Naira weakened further by 8.3 per cent or N67.28 on the American Dollar at the Nigeria Autonomous Foreign Exchange Market (NAFEM) on Tuesday, as investors intensified their demand for the greenback ahead of the festive season rush. Amid a squeeze in the supply of the foreign currency to the market, the value of the local currency closed at N881.88/$1 yesterday compared with the preceding session’s N814.60/$1. Though the supply of FX into the official market improved by 17.9 per cent or $18.00 million to $118.06 million from $100.06 million quoted on Monday, it was not

Image
22-September-2021

Senate Tasks NDDC to Restore Power to Ondo South

By Adedapo Adesanya The Senate has tasked the Niger Delta Development Commission (NDDC) to complete the installation of a transmission power sub-station in Okitipupa council, Ondo State. The upper chamber charged the commission to urgently carry out the fixing in order to restore electricity to Ondo South Senatorial District comprising Okitipupa, Ilaje, Ese-Odo, Irele and Odigbo Local Government Areas (LGAs). In a statement signed by Mr Olumide Akinrinlola, the media aide of Mr Nicholas Tofowomo, the lawmaker representing Ondo South at the Senate, it was stated that the Senate acted on the motion filed by Mr Tofowomo on the urgent

Image
24-June-2021

Naira Falls at Investors’ Window as Dollar Demand Rises

By Adedapo Adesanya An increase in the demand for the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (Forex) market humbled the Nigerian Naira on Wednesday. Data obtained by Business Post showed that the Naira depreciated against the greenback by N1.50 or 0.37 per cent to trade at N411.50/$1 in contrast to N410/$1 it traded at the Central Bank of Nigeria (CBN)-regulated window on Tuesday. The turnover at the investors’ window for the session increased by $23.68 million or 14.0 per cent to $192.75 million from $169.07 million of the preceding session. A look at

Image
02-June-2021

FG Goes Berserk as Twitter Deletes Buhari’s Controversial Tweet

By Aduragbemi Omiyale The decision of a popular micro-blogging platform, Twitter, to delete a tweet posted by President Muhammadu Buhari on Tuesday via his verified handle has not gone down well with the federal government. Mr Buhari had made a post believed to have been targeted at those of the Igbo extraction in the South-Eastern part of Nigeria. Between 1967 and 1970, Nigeria and the South East region of the country under Biafra engaged in a clash later known as the Nigerian Civil War. Millions of people from the region were killed in the 30-month war. On May 30, 2021,

Ad
Ad
Recent Stories
Image
05-March-2024

What Pentecostal Pastors Have in Common With Politicians

By Michael Owhoko, PhD The disparity of roles between ecclesiastics and politicians is generally expected to translate to differences in values, lifestyles and creeds, but this pattern has been disrupted and bridged in Nigeria by materialism.  Moral disconnects, lust and insatiability for money, wealth, fame, influence and power have conspired to bring the men of God to the level of politicians.  This is evident in the Pentecostal ministries where some founding pastors and general overseers {GOs} no longer exhibit ascetic dispositions and restraints from material allures. Men of God are ordained servants positioned to constantly communicate God’s values and the

Image
05-March-2024

Ghana’s Central Bank Suspends FX Trading Licence of First Bank

By Aduragbemi Omiyale The foreign exchange (FX) trading licence of FBN Bank Ghana Limited, a subsidiary of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has been suspended by the Bank of Ghana. A statement issued on Monday by Ghana’s central bank disclosed that its action was because of the bank’s fraudulent documentation in its forex operations. The country’s banking sector regulator also suspended the FX trading licence of GTBank Ghana Limited, a subsidiary of Nigeria’s GTCO Plc, the parent company of GTBank Limited for the same offence. The notice from the central bank disclosed that

Image
05-March-2024

Binance Exits Nigeria, to Convert Naira Balances to UDST

By Adedapo Adesanya Binance will discontinue all services for Nigeria’s fiat currency, the Naira, following the ongoing regulatory onslaught on the firm by the Nigerian authorities. The crypto exchange will automatically convert Naira balances to US Dollar Tether (USDT) from March 8 but will cease support for deposits after today. Withdrawals will become unsupported after March 8 by 12 noon Nigerian time, a statement sighted by Business Post confirmed. The conversion rate for automatic conversions will be pegged at N1,515.13 to 1 USDT, according to an announcement from the website. Other features, including Binance Convert, Binance P2P, the exchange’s Auto

Image
05-March-2024

Petrol, Electricity Subsidies Will Gulp 3% of Nigeria’s GDP—IMF

By Adedapo Adesanya The International Monetary Fund (IMF) has warned the Nigerian government the payment of subsidies on petrol and electricity could take up to 3 per cent of the country’s gross domestic product (GDP) in 2024. The IMF stated this in a statement released on Monday on the completion of its 2024 Article IV Mission to Nigeria. The lender said that the recent improvements in revenue collection and oil production are encouraging, as “low revenue mobilization constrains the government’s ability to respond to shocks and to promote long-term development.” But it emphasised that, “The capping of fuel pump prices

Image
05-March-2024

Deel Buys 100% Stake in African HR Solution Company PaySpace

By Adedapo Adesanya Global human resources company, Deel, has announced the acquisition of African-based payroll and HR solution company, PaySpace, for an undisclosed amount, in one of its largest acquisitions to date. By acquiring PaySpace, Deel will become the first global payroll and Employer of Record (EOR) with its full-stack payroll engine localized in 50 countries and integrated into its offering. PaySpace’s proprietary technology is a cloud-native framework built as a single engine. Its platform allows for easy configuration to add additional countries through localization. These localization projects normally take years to complete, but with PaySpace’s innovative technology, it can

Image
05-March-2024

Emotions Pour as Dignitaries Eulogise Late Herbert Wigwe

By Adedapo Adesanya  It was an emotional rollercoaster at the tribute event held on Monday night to celebrate the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe. Dignitaries from government, corporate organisations, and royalty paid tribute to the late titan who died alongside his wife, son, and a former group chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbajo, on February 9 in the United States. The event which was monitored by Business Post was divided into six segments – Young Hebert, the banker, the entrepreneur, the CEO, the builder and the ambassador. These personalities

Image
05-March-2024

Nigeria’s Economic Outlook is Challenging—IMF Declares

By Aduragbemi Omiyale The International Monetary Fund (IMF) has alerted that tough times await Nigerians, though it retained its gross domestic product (GDP) growth forecast for 2024 at 3.2 per cent. In a statement on the conclusion of the IMF Staff 2024 Article IV Mission to Nigeria, the global lender said the administration of President Bola Tinubu “inherited a difficult economic situation marked by low growth, low revenue collection, accelerating inflation, and external imbalances built up over years.” However, it praised the government’s approval of an effective and well-targeted social protection system, including the release of grains, seeds, and fertilizers,

Image
05-March-2024

Banks Involved in 70% of Economic Crimes in Nigeria—EFCC

By Aduragbemi Omiyale Nearly 70 per cent of financial crimes in Nigeria have the involvement of banks, the Economic and Financial Crimes Commission (EFCC) has claimed. “Broadly speaking, banking fraud in Nigeria is both inside and outside related. “The inside related fraud comprises outright selling of customers’ deposits, authorising loan facilities, forgery and several other kinds of unhealthy and criminal practices,” the chairman of EFCC, Mr Ola Olukoyede, said while speaking at the Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria held in Abuja. The EFCC boss, represented by the agency’s Director

Image
05-March-2024

Nigerian Air Force Airstrikes Hit Two Illegal Refineries in Rivers

By Adedapo Adesanya The Nigerian Air Force component of Operation Delta Safe, through airstrikes destroyed two illegal oil refining sites in Krakama and Temakiri, Degema Local Government Area of Rivers State, in continuation of efforts to stamp out the activities of crude oil thieves and oil pipeline vandals in the country. This was disclosed by the Director of Public Relations and Information, Nigerian Air Force, Mr Edward Gabkwet, an Air Vice Marshal, saying the illegal oil refining sites were observed actively operating with Cotonou boats sighted nearby with the probable intent to illegally siphon crude oil from the sites. Mr

Image
05-March-2024

NGX Remains Catalyst for Economic Growth—Chiemeka

By Aduragbemi Omiyale The acting chief executive of the Nigerian Exchange (NGX) Limited, Mr Jude Chiemeka, has described the bourse as a catalyst for economic growth and development. He said this at the listing of 7.5 billion ordinary shares of Transcorp Power Plc at N240 per unit at the exchange on Monday. The energy firm raised the market capitalisation of the trading platform by N1.8 trillion yesterday. According to him, the inclusion of Transcorp Power into the NGX, the first listing of the year, underscored the pivotal role the bourse plays in shaping Nigeria’s economic landscape. He added that NGX