Connect with us
Maduka University Advert

News

Looted Funds: N45bn seized by FG, terrorist financiers identified 

Published

on

Maduka University

The Federal Government, on Thursday, said it has seized over N45 billion that was illegally looted from the national treasury.

It further disclosed that a number of individuals and entities linked to terrorist activities have been identified and designated, with funds traced to them also confiscated.

The Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, made the disclosure in his opening address at the 40th Technical Commission/Plenary Meeting of the Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA, held at the State House, Abuja.

GIABA is a specialised institution of the Economic Community of West African States, ECOWAS, responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) strategies in West Africa.

In his presentation, the AGF, who spoke on behalf of Nigeria, said the President Bola Tinubu-led government was determined to build on successes that were recorded by past administrations in the country, especially in areas of investigation and prosecution of corruption cases.

Advertisement

He said: “In 2022, we increased the budgets for the Economic and Financial Crimes Commission, Independent Corrupt Practices Commission and National Drug Law Enforcement Agency by almost 95%.

“We now have over 1,500 officers dedicated to investigating and prosecuting money laundering across these three agencies alone.

“These sustained investment has seen increased numbers of investigations, prosecutions and convictions consistently since 2021 with 5,118 investigations, 1,509 prosecutions and almost 500 convictions secured resulting in over 45 billion naira of illicit proceeds seized.

“We have also made progress in tackling the financing of terrorism and in particular, I am pleased that we have identified and designated a number of individuals and entities linked to terrorist activity and seized funds linked to them.

“The Nigerian Financial Intelligence Unit (NFIU), has become a global model and achieved the outcomes envisaged by the passage of its enabling legislation in 2018 which established it as an independent, autonomous unit.

Advertisement
“The Unit has significantly expanded the scope of financial intelligence it has access to and provides to other competent authorities.“The Unit has also put in place a number of innovative technologies including the Crime Records Information Management System (CRIMS) which has transformed our approach to intelligence sharing.

“The measures I have outlined and our future ambitions are underpinned by a rigorous analysis of the money laundering, terrorist financing and proliferation financing risks we face as a country,” the AGF stated.

Stressing that there are myriad of challenges facing the West African sub-region, ranging from the threats of illicit financial flow to the existential dangers posed by terrorist groups, the AGF, said there was greater need for enhanced international collaborations.

“As global risks become more complex, and technology more embedded as well as borders increasingly fragile, we must move towards a more tailored approach to responding to this new ML/TF/PF environment.

“I believe that without a truly equitable and effective system for international cooperation, we are fighting the enemy with one hand tied behind our backs.

Advertisement

“I therefore urge GIABA to effectively pursue this mandate on behalf of our member states,” he added.

Meanwhile, in his opening remarks, the Director General of GIABA, Mr. Edwin Harris Jr., said the organisation would continue to offer technical support to Nigeria.

However, the GIABA boss said there was need to restrict the physical movement of criminals and terrorist associates within the sub region.

“In this regard, it becomes a more pressing need that the Secretariat works with member States in enhancing effectiveness compliance that will lead to more actions that create deterrence.

“Over the coming years going into the third round, the Secretariat will work with member States on Assets Recovery that includes all phases that is freezing, seizure, confiscation, management, and disposal with the ultimate goal of denying the criminal the use of the proceed of crimes.

Advertisement

“I urge member States to create a mechanism that takes away profits from criminal activities. This mechanism should now form core part of our fight against Money Laundering and Terrorist Financing and other transnational crimes.

“It becomes more imperative that the mandate of GIABA restricted to fighting Money Laundering and Terrorist Financing in keeping the economies of West Africa safe be visited to include other major component in keeping with emerging trends and current day realities.

“I sincerely think that incorporating Asset Recovery as one of the valuable tools of deterrence in our mandate will add value to our work and serve as major deterrence to criminals whose primary aims are to contaminate our financial system for personal gains.

“It is in this direction GIABA will start a critical conversation with member States and stakeholders in creating a regional sanction regime for the community that will seek to denied, block the movement of the proceed of crimes in the community and also restrict the physical movement of criminals and terrorist associates within the region.

“GIABA member States implement other secondary sanctions within our financial system such as the OFAC and the EU, hence, it is now imperative that we have an ECOWAS sanction that helps curtail the movement and assist in recovery of the proceed of crimes.

Advertisement

“GIABA will continue to work with both financial, development and technical partners to support its members,” he added.

Among dignitaries at the event included the Vice-President of the Financial Action Task Force, FATF, Mr. Jeremy Weil, representative of the President of the ECOWAS Commission, Mr. Mambury Njie, as well as the Director of the Nigerian Financial Intelligence Unit, NFIU, Mr. Tukur Modibbo.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Why Nigerian Leaders Should Spend Vacations at Home – Ebonyi Reps Candidate 

Published

on

Maduka University

Hon. Chief Kevin Tobias Chukwu, the NDC candidate for the Ezza South/Ikwo Federal Constituency in the House of Representatives, has called on Nigerian leaders to rediscover the country by spending their vacations and leisure time within Nigeria.

Chukwu made the call while reacting to former Anambra State Governor and Labour Party presidential candidate, Peter Obi’s position that Nigerian presidents should spend their vacations in the country.

He said the issue should be viewed beyond partisan politics, arguing that leaders must demonstrate confidence in Nigeria if they expect citizens and investors to do the same.

According to him, frequent foreign vacations by political leaders send the wrong message to Nigerians, particularly when the government continues to encourage citizens to invest in the domestic economy.

“We cannot continue to export our wealth and import our enjoyment while asking Nigerians to believe in Nigeria,” he said.

Advertisement

Chukwu suggested that a president could choose to spend holidays in tourist destinations such as Obudu, Yankari, Lagos, Enugu, Ebonyi, Plateau and Akwa Ibom, among others.

He said such visits would boost local businesses, including hotels, restaurants, transport operators, farmers, artisans and other small businesses, while also increasing public confidence in Nigeria’s tourism potential.

The NDC candidate also highlighted the security implications, saying a president who can comfortably spend time in different parts of the country would send a strong signal about the safety and viability of those areas.

“This should go beyond Peter Obi and beyond party politics. It is about a new culture of leadership,” Chukwu said.

He added: “If we truly want Nigerians to believe in Nigeria, those who lead Nigeria must demonstrate that belief themselves. Charity, they say, begins at home.”

Advertisement
Continue Reading

News

Enugu Building Collapse: How Mbah’s Swift Mobilisation Led to Rescue of Five Occupants

Published

on

Maduka University

The Director of the Enugu State Fire and Rescue Service, Chief Okwudili Ohaa, has said the swift mobilisation of emergency resources by Governor Peter Mbah led to the rescue of five occupants trapped in a collapsed building in Enugu metropolis.

The uncompleted four-storey building, located along Ogbaru Street, by Alvan Ikokwu Street, Independence Layout, Enugu, collapsed in the early hours of Sunday.

Ohaa told newsmen on Sunday that all five occupants of the building, as confirmed by the security guard on duty, were successfully rescued.

Ohaa

He said four of the occupants were rescued alive and conscious, although they sustained injuries, while the fifth person was rescued unconscious.

Ohaa commended Governor Mbah for his swift mobilisation of emergency response agencies, including the Red Cross, Enugu State Emergency Management Agency (SEMA), Enugu State Ambulance Services, the police and the Nigeria Security and Civil Defence Corps (NSCDC).

Other agencies and organisations at the scene included the National Emergency Management Agency (NEMA), Enugu Capital Territory Development Agency (ECTDA) and a Chinese construction company, which provided four heavy-duty cranes.

According to Ohaa, the governor alerted him about the incident early Sunday morning, prompting the immediate mobilisation of officers of the Enugu State Fire and Rescue Service to the scene with extrication equipment.

Advertisement

“His Excellency, Dr Peter Ndubuisi Mbah, must be commended for also mobilising adequate rescue equipment such as heavy-duty cranes, bulldozers and excavators, which ensured the rescue of the five persons,” he said.

Ohaa explained that rescue officers initially relied on information from the security guard to determine how many people were trapped in the building.

“As rescue officers, what we did was to ask the security man how many people were here. He said there were supposed to be six. One person had left before it happened.

“So, we were able at that initial time to rescue four persons. Out of the four, two sustained minor injuries and they were all rushed to a health facility for proper checks,” he said.

The Chief Fire and Rescue Officer said the fifth person was eventually recovered unconscious and taken to a health facility by the Enugu State Ambulance Services.

Advertisement

The NEMA Information Officer in Enugu, Mr Nnanyelugo Ezeani, also confirmed that five people were rescued.

He said the situation could have been worse because the state government had earlier sealed the construction site.

“One person among the six residing in the collapsed building was not on the site at the time of the incident, while five others were rescued and taken to the hospital,” Ezeani said.

Speaking on the incident, the Executive Chairman of the Enugu Capital Territory Development Agency (ECTDA), Mr Uche Anya, described the developer as one of those who failed to comply with building regulations.

Anya said the ECTDA had earlier taken regulatory action by sealing the site, which was originally approved in 2021.

Advertisement

“This property was approved in 2021 before the advent of this administration. But usually, we have a habit of stocktaking and checking on every construction at every stage.

“When I personally led the team that inspected here, we found out that there were serious integrity issues and non-compliance with their 2021 approval.

“I personally issued the first ‘stop-work order,’ which, due to the violation, resulted in our sealing the place over the last six months outrightly.

“So, I think within the last 30 to 40 days, the representative of the owner, whom they say lives abroad, has been interfacing with us to remedy the situation. This is the process that we are still trying to interface on, and it came down.”

Anya added that he had handed the owner’s representative over to the police to assist with the investigation.

Advertisement

“This is really a very unfortunate situation,” he said.

Continue Reading

News

Hotel Building Collapses in Enugu Kills One, Traps Workers

Published

on

Maduka University

A four-storey building under construction in Enugu has collapsed, killing at least one person and trapping several construction workers beneath the rubble.
The incident occurred on Sunday morning at the uncompleted structure, reportedly being developed as a hotel, causing panic among residents and passersby.
According to authorities, six workers were believed to have been sleeping inside the building when it collapsed. Four workers have so far been rescued, while the body of one victim has been recovered.
Authorities said one of the six workers reportedly left the site shortly before the collapse, raising hopes that fewer people may be trapped beneath the debris than initially feared.
The rescued workers were taken to the Enugu State Teaching Hospital for treatment.
Emergency responders, including the National Emergency Management Agency (NEMA), Nigerian Red Cross Society, Enugu State Emergency Management Agency (SEMA), Enugu State Capital Territory Development Authority and the police, are participating in the rescue operation.
The cause of the collapse has not yet been established, while rescue efforts continue at the scene.

Continue Reading

News

Reps Member Urges EFCC to Probe Cubana Chief Priest

Published

on

Maduka University

The member representing Ikwo/Ezza South Federal Constituency in the House of Representatives, Chinedu Ogah, has called on the Economic and Financial Crimes Commission (EFCC) and other anti-graft agencies to investigate the financial activities and source of wealth of socialite and businessman, Paschal Okechukwu, popularly known as Cubana Chief Priest.

Ogah, who is Chairman of the House Committee on Reformatory Institutions, made the call on Thursday at a press conference in Abakaliki, Ebonyi State.

The lawmaker said the businessman’s financial dealings should be subjected to scrutiny regardless of his public profile.

“I am urging the EFCC to thoroughly investigate him, investigate his bank accounts, investigate all the things he does,” Ogah said.

He also accused Cubana Chief Priest of undermining President Bola Tinubu’s political fortunes in the South-East ahead of the 2027 general elections.

Advertisement

Ogah questioned the socialite’s claim to political influence in Ebonyi State and challenged him to make his membership card of the All Progressives Congress (APC) public.

The lawmaker further criticised recent comments attributed to Cubana Chief Priest on social media in which he reportedly called for the resignation of Ebonyi State Governor, Francis Nwifuru.

Ogah demanded that the comments be withdrawn and followed by an apology, warning that legal action could be taken if the businessman failed to comply.

“Who is Cubana Chief Priest? What is his address that gives him the impetus to speak against our governor, the most performing governor in Nigeria?” he asked.

According to Ogah, Cubana Chief Priest had no electoral mandate to speak on behalf of Ebonyi State or demand the resignation of its elected governor.

Advertisement

He also questioned the businessman’s political influence, noting that he had previously contested an election in Imo State but failed to secure the party’s primary ticket.

Ogah alleges plot against Nwifuru

The lawmaker further alleged that unnamed political actors were sponsoring campaigns aimed at discrediting the Nwifuru administration and weakening the APC ahead of the 2027 elections.

He defended the state’s security architecture, particularly the Commissioner of Police, Hope Okafor, against what he described as an orchestrated campaign for her removal.

Ogah urged the Nigeria Police Force, Department of State Services (DSS) and other relevant agencies to investigate those behind the alleged campaign and determine whether any law had been breached.

“All of us can attest to the peace and security we enjoy in Ebonyi State. The Army, the police, the Civil Defence and the DSS are doing marvellously well in Ebonyi State,” he said.

Advertisement

Lawmaker accuses Otu of mobilising protesters

Ogah also accused another critic of the state government, Charles Otu, of allegedly mobilising people from outside Ebonyi State to participate in a protest against the government in Abuja.

He claimed that some of those involved were presented as Ebonyians despite allegedly coming from other states.

Ogah said his lawyers had previously petitioned the DSS over allegations involving Otu and urged the agency to investigate the matter.

He also challenged Otu to substantiate allegations he allegedly made against him during an appearance on Arise Television.

“My own is that whosoever defaults the law, we take it legally. I cannot mention who I have not known. But when we get there, it is for the security agencies to investigate,” Ogah said.

Advertisement

Ogah lists Nwifuru’s achievements

Defending the Nwifuru administration, Ogah cited the state government’s scholarship programmes, school construction, road projects and other development initiatives as evidence of the governor’s performance.

He said hundreds of Ebonyi indigenes had benefited from postgraduate scholarships in Nigeria and abroad, while roads and schools were being constructed across the state’s 13 local government areas.

Ogah also praised Nwifuru for what he described as political tolerance, saying opposition parties had been allowed to operate freely in the state.

He argued that the people of Ebonyi should determine their political leadership through the ballot rather than through media campaigns and protests.

“Ebonyi people will choose who is their leader. They should stop using the media to castigate the governor,” he said.

Advertisement

Questions Nwifuru’s omission from Tinubu campaign council

The lawmaker also questioned the reported omission of Governor Nwifuru from President Tinubu’s campaign council, describing it as an error that should be corrected.

“How can a governor that has done much in APC not be included in the campaign council? How can a governor that is elected under the APC not be included?” Ogah queried.

He maintained that Nwifuru’s political influence and the APC’s electoral performance in Ebonyi made him an important stakeholder in Tinubu’s 2027 re-election campaign.

Ogah warned political actors against using the media to destabilise the state and urged all parties to pursue their grievances through legal and democratic channels.

The lawmaker, who is also the Ebonyi State Coordinator of the Tinubu Support Group (TSG), was accompanied by other members of the group at the press conference.

Advertisement

He reiterated his call for security agencies to investigate the various allegations raised and take appropriate action against anyone found to have violated the law.

Continue Reading

News

FCC Urges Enugu Youths to Prepare for Federal Job Opportunities

Published

on

Maduka University

The Federal Character Commission (FCC) has urged youths in Enugu State to disregard the belief that federal government jobs and other opportunities are already allocated before they are advertised.
FCC Executive Chairman, Hulayât Motunrayo Omidiran, gave the charge on Thursday at the International Conference Centre, Enugu, during the Peter Eze Enugu Youth Connect 2026.
Omidiran urged the youths to acquire relevant skills, embrace technology and actively pursue legitimate opportunities, stressing that federal character should promote both equity and merit.
She also warned against fraudulent recruitment schemes and advised applicants to authenticate employment opportunities before applying.
The Enugu State Deputy Governor, Ifeanyi Ossai, represented by the Secretary to the State Government, Prof. Chidiebere Onyia, challenged young people to prepare themselves for available opportunities.
Onyia said government could create opportunities, but individuals must develop the capacity to take advantage of them.
The FCC Commissioner representing Enugu State, Peter Ogbonna Eze, said the programme was designed to bridge the information gap preventing young people from accessing federal employment, scholarships, grants, fellowships and training opportunities.
Eze said many youths were discouraged from applying for federal jobs because of the misconception that such positions had already been shared among influential individuals.
He urged them to apply whenever legitimate opportunities were advertised, warning that nobody should pay money to secure a federal government job.
He also disclosed that five participants in the programme would be selected for a full scholarship opportunity.
Eze said the initiative would continue as a platform for connecting Enugu youths with credible opportunities and urged participants to become “ambassadors of opportunity” by sharing useful information with others.
The event brought together youths and stakeholders from across Enugu State to discuss federal representation, employment, education, skills development and other opportunities.

Continue Reading
Advertisement

Trending