Author: Solomon Odeniyi
The Nigerian National Petroleum Company Limited is on track to increase crude oil production to two million barrels per day by the end of the year. With production already up from 1.27 million barrels in June to 1.6 million in July, the Group Managing Director of NNPC, Mele Kyari, is confident in achieving this target. During a meeting with Maritime Stakeholders, Kyari expressed his commitment to reaching the goal and emphasized the importance of continued efforts against oil theft and pipeline vandalism. The Chief of the Naval Staff, Vice Admiral Emmanuel Ogalla, highlighted the security challenges faced by Nigeria and…
President Bola Tinubu, represented by Minister Bosun Tijani, emphasized the need for a unified approach to tackle the country’s security challenges. Tinubu highlighted the importance of eliminating inter-agency rivalries and promoting collaboration among law enforcement agencies during the inauguration of the Nigeria Police Force National Cybercrime Centre in Abuja. He pledged his administration’s commitment to enhancing the police force’s capabilities through the procurement of arms, recruitment, and training. Tinubu acknowledged the growing threat of cybercrime and reiterated his determination to combat all forms of criminality in the country. The Federal Government has implemented various policy decisions, including the review of…
The Inspector General of Police, Kayode Egbetokun, recently announced a significant decline in crime rates nationwide, attributing the success to the effective strategies employed by the police force. Egbetokun noted a decrease in major crimes, with only 416 reported in the last month compared to 734 in May and 530 in June. During a meeting with Commissioners of Police in Abuja, Egbetokun praised the dedication and passion of his officers in implementing these strategies, leading to a notable improvement in internal security across the country. In the past month, the police arrested 1,284 individuals, confiscated 284 firearms, 6,702 ammunition rounds,…
The Israeli Ambassador to Nigeria, Michael Freeman, expressed Israel’s willingness to collaborate with Nigeria’s government and private sector for mutual benefit. The focus is on addressing poverty and insecurity globally. At the Nigeria-Israel Business Forum’s Annual General meeting, Freeman emphasized the importance of partnership in economic development. He encouraged attendees to take advantage of the presentations to enhance trade relations between the countries. Nigerian Ambassador in Tel-Aviv, Agatha Afokelu, urged Nigerians to consider exporting products to Israel and seize the opportunities for collaboration. The forum’s president, PatGrace Owusi, highlighted the positive impact the forum has had on both countries’ economies.…
Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered the final forfeiture of 20 cars stolen from Canada to Nigeria. The cars are now the property of the Federal Government of Nigeria as per the order given by the judge following a motion filed by the Economic and Financial Crimes Commission (EFCC). The forfeited cars include various models such as Mercedez Benz, Acura, Lexus, Toyota, Honda, and more. The EFCC had complied with the court’s orders regarding publication before moving for the final forfeiture. The affidavit filed by the EFCC revealed that over 350 vehicles were stolen…
Former Minister of Power, Saleh Mamman, is set to face charges of money laundering amounting to N33 billion at the Federal High Court in Abuja on July 11, 2024. Mamman, who served under former President Muhammadu Buhari from 2019 to 2021, was arrested by the Economic and Financial Crimes Commission (EFCC) in May 2023. The charges allege that Mamman, along with other officials and private companies, conspired to convert funds designated for Mambilla and Zungeru Hydroelectric Power Plant Projects by the Federal Government. The EFCC accuses him of engaging in illegal financial activities that violate the Money Laundering (Prohibition) Act…
The newly appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has declared a steadfast commitment to fighting economic and financial crimes in Nigeria. During a visit by the National Association of Nigerian Students, Olukoyede emphasized the importance of holding leaders accountable and ensuring the protection of young citizens as they pursue education and future employment opportunities. In an effort to engage the youth in the fight against corruption, Olukoyede urged students to support the EFCC’s mission and spread awareness across all states in the country. He also expressed gratitude to President Bola Tinubu for initiating the…
Troops of the Nigerian Army in Yobe State successfully thwarted a terrorist attack on high-tension electric pylons, preventing a potential catastrophe. This comes amidst a series of recent attacks on electricity infrastructure in the region, causing blackouts in affected areas. The Federal Government has expressed the need for a specialized group, known as “power rangers,” to safeguard power infrastructure nationwide. In a recent incident in Kasesa village, troops, in collaboration with local hunters, intercepted terrorists on their way to damage the infrastructure. A fierce firefight ensued, leading to the recovery of eight improvised explosive devices (IEDs) from the terrorists. The…
The scourge of internet crimes, often referred to as “yahoo yahoo,” has had a detrimental effect on Nigeria’s economy, as highlighted by Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC). Olukoyede lamented the impact of cyber fraud on the country, citing incidents where international companies were forced to close their Nigerian operations due to massive financial losses from local wire fraud. He revealed that over $500 million was lost in 2022 alone as a result of the activities of internet fraudsters. Speaking at the Global Peace Movement International awards ceremony where he was named Man of…
The Chairman of EFCC Decries Massive Corruption in Nigeria The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, expressed concern over the rampant corruption and looting of public funds in Nigeria. He described the amount of money stolen as alarming and questioned how the country is still functioning under such circumstances. Olukoyede made these remarks during a meeting with the Revenue Mobilisation Allocation and Fiscal Commission. Olukoyede emphasized that public corruption is the root cause of corruption in Nigeria and called for transparency and accountability in both public and private sectors. He highlighted the need for preventive…