General
NFIU Act: Danger Not Yet Averted—MIIVOC Warns

**Lauds President Buhari, NASS
By Dipo Olowookere
A Civil Society Organisation (CSO) known as Media Initiative against Injustice, Violence and Corruption (MIIVOC) has warned that despite assenting to the Nigeria Financial Intelligence Unit (NFIU) Bill by President Muhammadu Buhari, danger is yet to be averted for the country.
Addressing newsmen in Calabar, Cross River State at the weekend, Executive Director of NIIVOC, Dr Walter Duru, stressed that “assenting to the NFIU Bill is a good development, but, that is not enough.”
However, he commended President Buhari for assenting to the Bill, even as he showered praised on the National Assembly for passing same.
He informed journalists in Calabar that, “Sending the name of a fit and proper person as head of the Unit to the National Assembly for consideration requires extreme urgency.
“The National Assembly may be going on recess in the last week of July and the President needs to act fast in the interest of the country.
“Setting up of a befitting office, with all structures, staffing and paraphernalia must be done without delay. Having a law in place without effective implementation does not do the country any good.”
Speaking on the implications of the new law, Mr Duru described the development as amounting to rekindling of hope for Nigeria’s escape from looming international sanctions, while strengthening the country’s Anti-money Laundering and Counter financing of terrorism regime.
According to him, “the NFIU Act establishes a legal framework for a national centre that will be responsible for the receipt of information from financial institutions and designated non-financial institutions, analysis of the financial information for the purpose of turning the information into financial intelligence and dissemination of the financial intelligence to all law enforcement agencies and other competent persons. The Act ensures that the NFIU is not tied to any agency but will have adequate measures to build an independent financial intelligence system.”
Continuing, Mr Duru called on the National Assembly to urgently pass the Proceeds of Crime, Mutual Assistance in criminal matters and Whistle Blowers/Witness Protection Bills, as well as an updated/amended version of the Money Laundering and Terrorism Prevention Acts, to brighten the country’s chances of escaping the hammer of the international community.
“Remember, Nigeria remains suspended from the Egmont Group of FIUs, meaning that the country has not been receiving external financial intelligence since July, 2017 and this will remain in force until the suspension is lifted. The above steps are the surest way out of the country’s present difficult situation,” he stressed.
General
Former Oyo Governor Omololu Olunloyo Dies at 89

By Modupe Gbadeyanka
A former governor of Oyo State, Mr Victor Omololu Olunloyo, has died some days to his 90th birthday, precisely April 14, 2025.
He was said to have breathed his last in the early hours of Sunday after battling with old age-related ailments for the last few weeks.
In a statement signed on behalf of the family by Mr Oladapo Ogunwusi, it was stated that the deceased was a source of pride to his family and associates and serve the nation and humanity.
“With a heavy heart but gratitude to the Almighty, we announce the passing into glory of Dr Victor Omololu Olunloyo, former governor of Oyo State, mathematician and engineer and renowned technocrat, a few days before his 90th birthday.
“The Balogun of Oyo and Otun Bobasewa of Ife, Dr Olunloyo was first Rector, Ibadan polytechnic and first Rector, Kwara State Polytechnic among other notable appointments.
“His long record of service to the nation and humanity is a source of pride to his family and associates even as we come to grip with this devastating event.
“The Olunloyo family will appreciate the understanding of the press and the public as they commence efforts to give him a befitting burial.
“Even from everlasting to everlasting, He is God,” the statement read.
Business Post reports that Mr Olunloyo was the Governor of old Oyo State between October and December 1983.
General
Court Convicts Igboezue Emeka for Non-declaration of $40,000

By Modupe Gbadeyanka
One Mr Igboezue Emeka has been convicted and sentenced to one month imprisonment for money laundering by Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos.
He was asked to spend one month in jail from the day of his arrest, Wednesday, February 12, 2025, in a judgment delivered on Friday, April 4, 2025.
He was brought before Justice Owoeye by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) for a false currency declaration to the tune of $40,000.
It was gathered that the convict was arrested on February 12 at the Murtala Muhammed International Airport, Ikeja, Lagos, by operatives of the Nigeria Customs Service (NCS) for non-declaration of $40,000.
The NCS had, on the same day, handed him over to the anti-money laundering agency for further investigations and prosecution.
Consequently, he was arraigned on Friday on a one-count charge bordering on money laundering, which he pleaded guilty to when it was read to him.
“That you, Igboezue Emeka, on or about the 12th day of February, 2025, at Murtala Muhammed International Airport, Lagos, within the Lagos Judicial Division of the Federal High Court of Nigeria, failed to make a declaration of the sum of $40,000 to the Nigerian Customs Service and thereby committed an offence contrary to the provisions of Section 3(3) of the Money Laundering Act, No. 14 of 2022 and punishable under Section 3 (5) of the same Act,” the charge read.
After pleading guilty to the solitary charge, the prosecution counsel, Nnaemeka Omewa, called on an operative of the EFCC, Mr Michael Olayemi, to review the facts of the case.
Mr Olayemi, while narrating to the court about the events that led to the investigation of the defendant, said, “At 1.20 pm on February 12, 2025, we got an intelligence report from the Nigerian Customs Service that it intercepted the defendant with the monetary exhibit of the sum of $40,000.
“Upon this, I detailed that one of my team leads, Lanre Michael, who I supervise, would go and pick the individual and the exhibit from the Nigeria Customs at Murtala Mohammed Airport.”
Continuing, he said: “At about 4 pm, he reported with the defendant, the monetary exhibit and the defendant’s international passport. The defendant was in possession of two phones, which he used to call his lawyer and relatives.
“In the presence of his relatives, he volunteered his statement under words of caution, where he admitted that he was travelling via Qatar Air to Seoul, the capital of South Korea.
“He also stated that he was accosted by Customs Officers, where he was asked if he had any currency on him to declare, to which he said No.”
Mr Olaremi further told the court that, “The statement warranted me to invite the personnel of the Nigeria Customs Service, Ogar Sadin John.
“John, in his statement, said that when he accosted Igboezue, he claimed that he had no money. He, however, said he was sceptical.
“Upon searching him, he found the money hidden in one of his shoes in his hand luggage,” adding that the monetary exhibit was registered with the exhibit keeper, while the suspect was served with an administrative bail.
Omewa, thereafter, sought to tender the defendant’s statement and the monetary exhibit recovered from him.
General
Ojulari Vows to Consolidate on Mele Kyari’s Legacy

By Modupe Gbadeyanka
The new chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bayo Ojulari, has promised to consolidate on the legacy and achievements of his predecessor, Mr Mele Kyari.
He made this pledge while taking over from Mr Kyari on Friday at the organisation’s headquarters in Abuja, the country’s seat of power.
President Bola Tinubu on Tuesday dissolved the board of the NNPC and appointed new members to pilot affairs of the oil company.
In a statement today by the Chief Corporate Communications Officer of the NNPC, Mr Olufemi Soneye, it was disclosed that the new CEO praised Mr Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation, noting that the objective of his management is to consolidate on the successes of his predecessor and take the company to the next level.
He said though the targets set for his management were quite enormous, he would be relying on the co-operation of the Management and staff of the company, as well as the counsel of his predecessor to achieve set targets.
“I will be counting on your support. I will need it. I will be coming around to seek your counsel,” Mr Ojulari told Mr Kyari.
Earlier in his remarks, the erstwhile NNPC chief congratulated his successor and thanked the management and staff of the company for their support while in office, vowing to do everything within his power to support the new team to succeed, stressing he is only a call away.
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