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170 Currency Racketeers Arrested, 23 Jailed In One Month – EFCC

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The Economic and Financial Crimes Commission has secured the conviction of 23 illegal Bureau De Change operators and naira racketeers within the last month, as the commission arrested and arraigned 170 for similar offences.

The EFCC Special Task Force also arrested 116 illegal BDC operators, currency racketeers in Enugu State during a massive clampdown.

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During the Enugu clampdown, the EFCC recovered N110.7m, $8,368.00, £145.00, €2,725; 900 South African Rand; 32,000.00 CFA; 100 Turkiya; and 500 Bank Mozambique currencies.

The EFCC also revealed that the International Criminal Police Organisation, the United States’ Federal Bureau of Investigation, the governments of the United Kingdom, Northern Ireland, and Kenya, are assisting in the extradition of a Binance Holding Limited’s executive, Nadeem Anjarwalla over an ongoing alleged $35,400,000 money laundering probe.

READ ALSO: Hoteliers, School Owners Charging In Dollars Risk Arrest – EFCC

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Details of the development were revealed in an EFCC document sanctioned by the commission’s Chairman, Ola Olukoyede, titled “EFCC Alert,” which was obtained by our correspondent on Tuesday.

The document further revealed that the EFCC Special Task Force had swung into action since its formation on February 7, 2024 and had been getting impressive results.

Olukoyede said the arrests and convictions were a testament to the hard work of the EFCC.

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He noted, “That the EFCC has secured 23 convictions for the offence of currency racketeering and operation of illegal BDCs with the Special Task Force in less than a month lends evidence to hard work and dedication.

“Eleven of the convictions were recorded in Kano alone; three in Ilorin, the Kwara State capital, five in Lagos, one in Port Harcourt and three in Kaduna.

READ ALSO: Betta Edu: EFCC Recovers N30bn, Probes 50 Bank Accounts

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“Currently facing prosecution for the same offenses are 170 suspects, spread across just eight zonal offices of Kano, Ibadan, Enugu, Lagos, Abuja, Port Harcourt, Uyo and Maiduguri.”

He further revealed that during a sting operation, EFCC operatives arrested 116 suspects, comprising a mix of illegal Bureau de Change operators, currency speculators and street hawkers operating illegal foreign exchange markets.

The document further revealed that, “Of the haul of 116 arrests made in Enugu in a sting operation, comprising a mix of illegal bureau de change operators, currency speculators and street hawkers operating illegal foreign exchange markets, recoveries included, N110, 700,000.00, $8,368.00, £145.00, €2,725; 900 South African Rand; 32,000.00 CFA; 100 Turkiya; and 500 Bank Mozambique currencies in different denominations, and an abandoned safe by currency street hawkers.

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“Some of the suspects are foreigners from neighbouring countries. It is cheerless that whereas denominating service charges and prices in currencies order than the naira, as well as naira mutilation and offering it for sale are designated as offences in the country, enforcement has been lax until the EFCC under Olukoyede took up the gauntlet.”

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Otuaro Cautions Against Payment Of Money For PAP Scholarship

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The Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro, has warned PAP stakeholders allegedly collecting money from unsuspecting applicants for the programme’s ongoing scholarship application process for the 2025/2026 academic session to desist from such an act.

He gave the warning on Wednesday at the opening ceremony of the third batch of the three-day strategic Leadership, Alternative Dispute Resolution and Mediation Training organised by the PAP for its stakeholders in collaboration with the Nigerian Army Resource Centre, Abuja.

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According to a statement issued by Mr Igoniko Oduma, his
Special Assistant on Media, Otuaro, who said “information at his disposal indicated that some unscrupulous characters were allegedly collecting money from the parents and guardians of potential scholarship beneficiaries with all kinds of assurances,” declared that the PAP scholarship application process for undergraduate and post-graduate programmes is free and money exchange for services was not allowed.

The PAP boss, while stressing that anybody caught trying to divert the laudable project for extortionist activities would be dealt with, also urged potential beneficiaries to resist payment of any amount of money to anybody for the scholarship.

READ ALSO: Otuaro Lauds Tinubu For Backing PAP’s Peacebuilding Process In Niger Delta

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Otuaro urged those qualified to apply through PAP portal and await the response of the office assuring that the process would be fairly carried out.

He described the alleged dishonest act as regrettable and unacceptable as it taints the integrity of the scholarship application process.

The PAP boss stressed that the scholarship scheme was designed to increase the Niger Delta youths’ access to higher education and enhance human capital development in the area.

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Otuaro restated his resolve to ensure a transparent process in the management of the scholarship and ensure that the purpose of the scheme is not derailed by unscrupulous individuals.

READ ALSO:King Ateke Breaks Silence On Rumoured Clash With PAP Boss, Otuaro

He assured that the PAP would not allow anyone to compromise the integrity of the scholarship application process.

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He said, “I have received reports alleging some stakeholders collect money from applicants, parents and guardians with fake promises concerning the ongoing scholarship application process for the 2025/2026 academic year.

“For the avoidance of doubt, the scholarship application process is free. No one should collect money from anybody; nobody should encourage someone to collect or give money to anybody for the scholarship exercise. It is free.

“The scholarship programme is a deliberate scheme for our people for a better tomorrow, it is not for our today. My leadership is committed to ensuring transparency and accountability even in the management of the scholarship award process.

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READ ALSO: PAP Conducts Verification For 3,171 Scholarship Beneficiaries, Presents 663 Laptops To Final Year Students

“Those engaged in the alleged bad act should stop because I will not allow anyone to compromise the integrity of the application process. I urge all stakeholders to help discourage the collection of money for the scholarship.

“We will take drastic steps against any one attempting to divert the opportunity of the scheme to swindle innocent people.”

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Otuaro told the participants that the workshop was aimed at deepening their understanding of issues around the theme, and equip them to perform their leadership role better as PAP’s peace ambassadors around their communities and indeed the Niger Delta.

You are, in fact, also peace ambassadors of His Excellency, President Bola Tinubu, GCFR. Therefore, you are expected to deploy the knowledge you would gain from this training to strengthen the ongoing peacebuilding process of PAP because the development of the region is in the priority agenda of the President,” he said.

The PAP boss, while declaring the workshop open, urged the participants to take the entire exercise seriously in order for the objectives to be achieved in the interest of the region’s peace, stability and development based on the President’s Renewed Hope Agenda.

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Church Of Nigeria Formally Cuts Ties With Wales Over Lesbian Archbishop

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The Church of Nigeria (Anglican Communion) has officially cut all ties with the Church in Wales following the appointment of Bishop Cherry Vann, an openly lesbian cleric, as the 15th Archbishop of Wales.

The decision was announced by the Primate of the Church of Nigeria, the Most Reverend Henry Ndukuba, who described the development as ‘an abomination’ and a serious departure from biblical truth.

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The announcement came during the opening session of the 14th Church of Nigeria Conference of Chancellors, Registrars and Legal Officers, held on Tuesday at the Church’s national secretariat in Abuja.

With the theme ‘Called as a Watchman’, the event brought together legal minds from across the Church to discuss matters of doctrinal integrity, justice, and governance.

READ ALSO:Nigerians, Churches Groaning Under Economic Pressure — Anglican Bishop

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Primate Ndukuba delivered the keynote address titled ‘The Decade of the Reign of God: Progress, Challenges, and Prospects.’

Reacting to the Church in Wales’ elevation of a lesbian bishop, the Primate said, “We reject the election of the Right Reverend Cherry Vann as the Archbishop of Wales.”

He compared it to the 2003 consecration of Gene Robinson in the Episcopal Church (USA), which had also led to Nigeria severing ties with that province.

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“Just as the Church of Nigeria took steps after the election of Gene Robinson in the United States, we are severing every tie and relationship with the Church of Wales,” he said.

Primate Ndukuba also criticised what he described as the growing influence of revisionist teachings within sections of the Western Church.

READ ALSO:Israeli Strike On Gaza’s Only Catholic Church Kills Two

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“These individuals have not relented from their evil agenda; rather, they have intensified it. What they call their wisdom and culture is an abomination to God,” he declared.

Despite cutting formal ties with the Church in Wales, the Church of Nigeria reaffirmed its support for orthodox Anglicans in the region through platforms such as the Global Anglican Future Conference (GAFCON).

We pray that the Church of God in Wales will rise up, and that the faithful among them will stand strong. We, the Church of Nigeria, alongside GAFCON, will stand with them,” Ndukuba assured.

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READ ALSO:Anglican Church Bans Partisan Speeches By Politicians During Services

Looking ahead, the Primate said the Church of Nigeria plans to expand its global mission, with new registrations underway in countries like Germany, the Netherlands, and Finland.

We feel that the Lord is calling us back to Europe for mission,” he said.

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The Primate also used the opportunity to highlight the Church’s ongoing contributions to the GAFCON movement.

READ ALSO:Church Of England Approves Blessing Of Gay Marriages

He revealed that the Church of Nigeria had recently contributed $2.5 million to the GAFCON Endowment Fund and was planning a local Nigerian GAFCON Endowment worth $2.3 million to support orthodox Anglican work and mission.

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On constitutional and legal matters, Ndukuba urged legal officers to strengthen the Church’s internal reforms and national engagement.

You are to understand yourselves to be watchmen for the Church. You defend the Church against all forms of aggression. As modern-day watchmen, we must first listen to God, then speak His truth in love, knowing our duty lies in obedience,” he said, calling on legal professionals to support the Church’s constitutional review and advocate for a new Nigerian constitution.

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EFCC Arraigns Six Katsina Revenue, Bank Workers Over N1.2bn Fraud

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The Economic and Financial Crimes Commission, on Tuesday arraigned five officials of the Katsina State Board of Internal Revenue and a staff of First Bank over an alleged N1.2 billion fraud.

The accused were brought before Justice Musa Danladi of the Katsina State High Court by the Commission’s Kano Zonal Directorate on a seven-count charge bordering on conspiracy and diversion of public funds.

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According to the anti-graft agency in a statement on Wednesday, the total sum allegedly diverted is N1,235,330,000, said to be tax remittances from the World Health Organization, Médecins Sans Frontières, and the Alliance for International Medical Action, which were due to the Katsina State Government.

The defendants, Nura Lawal, Sanusi Mohammed Yaro, Ibrahim Mamman, Abubakar Saidu, Rabiu Adamu Abdullahi, and Adam Alhassan Albashir, a Public Sector Relationship Manager with First Bank, were all docked and pleaded not guilty to the charges.

READ ALSO:UNICEF Advocates Six Months Maternity Leave From Working Mothers In Bauchi

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One of the charges reads:
“That you Nura Lawal, Sanusi Mohammed Yaro, Ibrahim Mamman, Abubakar Saidu, Rabiu Adamu Abdullahi and Adam Alhassan Albashir between January, 2022 to August, 2024 at Katsina within the jurisdiction of the Katsina State High Court, being staff of Board of Internal Revenue Services (BOIRS), Katsina and Public Sector Relationship Manager of First Bank, in such capacity conspired among yourselves to commit an unlawful act to wit: unlawfully converted to your personal uses the tax payments meant for the Katsina State Government and you thereby committed an offence contrary to Section 58 of the Penal Code Law of Katsina State and punishable under Section 298 of the Same Law.”

After their plea, prosecution counsel Musa Isah urged the court to fix a trial date to enable the Commission prove its case.

However, the defence counsels filed separate bail applications for the six defendants, requesting their release pending trial. Isah opposed the applications.

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Justice Danladi, after listening to both sides, granted bail to each defendant in the sum of N5m with one reliable surety resident within the court’s jurisdiction.

READ ALSO:EFCC Recovers Funds Lost To CBEX Fraud, Forfeiture Process Underway — Olukoyede

The Judge said surety must possess verifiable landed property, with the title documents to be verified by the court registrar.

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The case was adjourned to October 27, 2025, for the commencement of trial.

According to EFCC investigations, Rabiu Abdullahi, a former Director of Collections and current Permanent Secretary of the Board, allegedly authorised the opening of an account named “BOIRS” with Sterling Bank. Sanusi Mohammed Yaro and Ibrahim Mamman were appointed as the sole signatories.

The commission said the account became the main channel for funnelling the diverted funds to NADIKKO General Suppliers, a company allegedly owned and controlled by Nura Lawal, an Assistant Director in the Career Skills/Staff Welfare unit of the Board.

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EFCC findings also showed that NADIKKO and Lawal served as key conduits in laundering the proceeds, which were traced to multiple bank accounts linked to the suspects.

 

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