General
NDLEA Seizes 27.95kg of Cocaine Worth N8bn in Lagos
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) has intercepted 36 blocks of cocaine weighing 27.95 kilogrammes with a street value of over N8 billion at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.
This was made known by the Director, Media and Advocacy, NDLEA, Mr Femi Babafemi, in a statement seen by Business Post on Sunday.
The drug law enforcement body said a suspected Brazil-based drug kingpin identified as Mr Ejiofor Felix Enwereaku, who led a syndicate was arrested at the airport on Friday, May 14.
He said the suspect was arrested for importing 27.95kg of cocaine using an organised criminal gang, which specialised in tagging and planting drugs in innocent travellers’ luggage.
Mr Babafemi added that based on intelligence, narcotic agents at the MMIA had Saturday, May 8 intercepted a bag that arrived at the Lagos airport from GRU, Brazil via Addis Ababa, Ethiopia.
He said the baggage with tag No. – ET331199 arrived through an Ethiopian airline flight but was disclaimed by an arriving passenger on the flight, with the disclaimed bag promptly secured by NDLEA operatives for investigation.
According to him, on Sunday, May 9, a man came to the airport to make an inquiry on how to get the disclaimed bag released. He was promptly arrested for investigation.
“The disclaimed bag was opened in the presence of the arriving passenger and the man who came to negotiate the release of the disputed bag.
“When it was opened, it was found that the bag contained 36 blocks of cocaine, weighing 27.95kg.
“A follow-up sting operation was carried out, which led to the arrest of Ejiofor Felix Enwereaku, the prime suspect, on Friday 14th May, upon his arrival from Addis Ababa onboard Ethiopian airline,” said the statement.
He added that during preliminary interrogation after his arrest, he confessed to having been contracted by his Ethiopian associate, a notorious drug baron to claim and push out the consignment in Lagos.
“He further admitted to having paid the $24,500 bribe in three tranches to compromise NDLEA officers.
“The first was $10,000 delivered through his representative in Lagos and another $10,000 via his First Bank account while the third tranche of $4,500 was paid at the point of his arrest.
“His group is suspected to be responsible for recruiting traffickers to move illicit drugs to various destinations using Nigeria as their transit location and also planting drugs in the luggage of innocent travellers,” he said.
The Chairman, NDLEA, Mr Buba Marwa, was impressed by the outcome of the intelligence-led operational strategies that took weeks of painstaking efforts and closely monitored by him.
Mr Marwa commended the Commander, MMIA Command of the agency, Ahmadu Garba, his officers and men for their diligence and resilience in following up every lead in the case until the kingpin was successfully entrapped and arrested.
“I have warned that we will henceforth, not only go after the traffickers but with the same vigour target the cartels and the kingpins that operate the.
“The latest arrest is a clear confirmation that we will match our words with action and that we will come for those who will not back out of the criminal trade.
“And wherever they are hiding, pushing instruments of death through our borders to destroy the lives of our youths, we will bring them out,” he said.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
