General
NDLEA Busts Three Drugs Syndicates In Lagos
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA), following various intelligence-led operations across parts of Lagos state, has clamped down three drug syndicates involved in dealing with multi-billion naira worth of cocaine, opioids and cannabis.
In the wake of the raid, NDLEA officials arrested an alleged baroness and four other kingpins recovered from their hideouts.
The female head of one of the syndicates, Mrs Faith Ebele Nwankwo, was arrested on Wednesday, August 9, at her residence, House 6, C close, 3rd Avenue, Festac area of Lagos shortly after she returned from a warehouse at Plot 3432 Sola Akinsola Street, Divine Estate, Amuwo Odofin where she loaded eight cartons of tramadol 225mg into an unmarked white Honda Pilot SUV.
Authorities say that a search of her residence and the warehouse led to the recovery of two million seven hundred and fifty thousand (2,750,000) pills of tea making, a brand of tramadol 225mg and 250mg packed in 39 cartons weighing 1,916 kilograms. The drugs and the SUV were recovered while the suspect was taken into custody.
In another operation targeted at a group of transnational syndicates involved in the importation, exportation, distribution, and dealing of cocaine and Canadian Loud, operatives of the same Special Unit of the Agency on Friday, August 4, tracked the drug syndicate to Atlantic Nominee Estate in Lekki- Ajah area of Lagos where a blue Toyota Highlander SUV was loaded with 8.49kg of cocaine and 10.3kg Canadian Loud for distribution by the duo of Mrs Urama Chinemelum Precious, 32, and Mr Adelakun Ilelabayo Oluade, 55.
A follow-up operation at the residence of Chinemelum at House 7, Road 7, Lagra estate, Eti-Osa, Lagos, led to the recovery of additional 18 blocks of Loud weighing 18.5kg.
The following day, Saturday, August 5, operatives of the Special Unit went after another syndicate involved in the importation, distribution and diversion of ephedrine hydrochloride, a precursor chemical used for the production of methamphetamine, following intelligence that members of the cartel were planning to divert 25 kilograms of the substance.
Two suspected members of the syndicate: Mr Udeh Vincent Ogbonna, 53, and Mr Okonkwo Ifeanyi Uzozie, 50, were arrested at a commercial bus terminal in Jibowu, Yaba, Lagos, where they were attempting to send the concealed substance to the South East.
A body search conducted on the two suspects led to the recovery of $3,000 found on Mr Udeh Vincent Ogbonna.
In operations across four other states of Ogun, Ondo, Edo and Nasarawa, NDLEA operatives recovered over 13,391.8 kilograms of skunk.
No fewer than 1,955kgs of the illicit substance packed in 139 jumbo bags and stored in the warehouse of a wanted suspected drug dealer, Mr Lekan Jimoh (aka Konmo Konmo) in Ado Odo Ota area of Ogun state, were recovered in the early hours of Saturday 12th August in collaboration with officers and men of the Nigerian Army.
In Ondo, Mr Ogbu Paul Odey, 30; Me Daniel Osidi, 34; Mr John Iyage, 41; Mr Friday Simon, 28; and Mr Friday James, 24, were arrested in connection with the seizure and/or destruction of over 10,325.5kgs of cannabis sativa in Iju and Ala forests, in Akure area of the state between Wednesday 9th and Thursday, August 10.
Also, a 22-year-old, James Aga, was arrested during the raid of an uncompleted building on the outskirts of Utese town in Ovia North East LGA of Edo State on Friday, August 11, with 10kg skunk, 976kg of the same substance was recovered from the building in addition to the recovery of four motorcycles.
In an earlier operation in Utese forest on Tuesday, August 8, at least 46.545kgs of skunk were recovered and 1.581146 hectares of cannabis farms destroyed while two suspects, Mr Onyelunisue Azuka, 48 and Mr Abraham Ayomide, 30, were arrested.
Similarly, in Nasarawa state, a 49-year-old, Mr Umar Abdullahi, was arrested on Friday, August 11, with 64.8kgs of cannabis sativa in Doma LGA, while NDLEA operatives of the Directorate of Operations and General Investigation (DOGI) on Wednesday, August 9, intercepted a 4.5kg consignment of Loud coming from the United States at a courier firm in Lagos.
In his reaction to the clinical dismantling of the three-drug syndicates and arrest of their kingpins, the Chairman/Chief Executive Officer of NDLEA, Mr Mohamed Buba Marwa, commended the officers and men of the Special Unit for being proactive and pragmatic in the operations.
He also applauded their colleagues in Ogun, Ondo, Edo and Nasarawa Commands and those of DOGI for their zeal and professionalism. He charged them and their compatriots across the country to remain vigilant and focused.
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.
Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.
According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.
Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.
The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.
“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.
In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”
“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.
The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”
The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”
