News
Ghana Deports Convicted Nigerian For Smuggling Fake $100,000

A Nigerian, Aremu Adegboyega, convicted by a Circuit Court in Accra, Ghana, for smuggling counterfeit CFA francs worth over $100,000 into the country through an unauthorised border route will be deported to Nigeria, according to The PUNCH.
Justice Christiana Cann, who presided over the case ordered his immediate deportation by the Ghana Immigration Service.
According to ASP Isaac Anquandah, as cited by a Ghanaian news outlet, The Chronicle, on Monday, Adegboyega was arrested in 2023 by customs officers stationed at the Aflao border while he was travelling on a motorcycle.
The 55-year-old was charged with two counts of possessing forged notes, in violation of Section 18(2) of Ghana’s Currency Act, 1964 (Act 242), as well as one count of illegal entry into the country.
READ ALSO:Ghanaians Protest, Decry ‘State-sponsored’ Harassment In Abuja
For possession of counterfeit CFA francs, the court fined the convict 250 penalty units, equivalent to GH¢3,000.
In default of payment, according to the report, he will serve a two-year prison sentence with hard labour.
For illegal entry into Ghana, he was reportedly fined an additional 120 penalty units or GH¢1,440. If he fails to pay, The Chronicle reports, he will serve another two-year prison term.
The sentences are expected to run concurrently, meaning he will serve a maximum of two years if he defaults on both payments.
READ ALSO:Ghana’s Ex-security Chief Charged With Theft, Money Laundering
The report added that, in addition to the fines and prison sentence, the court ordered his immediate deportation to Nigeria.
Adegboyega was apprehended at Beat Zero, an unauthorised crossing point along the Ghana-Togo border.
Riding as a pillion passenger on a motorcycle and carrying a backpack, according to the police, he aroused suspicion, prompting the officers to search his belongings.
During the search, officers discovered bundles of suspected counterfeit currency: CFA francs totalling CFA 80,653,000 and Nigerian naira amounting to N101,500.
READ ALSO:US Deports Six Nigerians For Various Offences
Further investigation revealed that he had smuggled the fake currency into Ghana from Togo.
According to the police, he admitted in a caution statement that he was aware the money was counterfeit.
He also confessed to receiving the forged notes from a man identified as Alhaji Saibu in Nigeria, under the instruction of an alleged mafia figure named Alhaji Dials, believed to be based in Abidjan, Côte d’Ivoire.
Adegboyega joins another Nigerian, Abu Arome, who is currently standing trial alongside three Ghanaians for alleged fraud.
A statement issued on Friday by the Force Public Relations Officer, Muyiwa Adejobi, disclosed the suspects were accused of committing the crime using forged documents, falsified signatures, and fraudulent claims.
News
Six Corps Members Receive N10m Grants To Boost Agribusiness
Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.
The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.
Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.
Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.
READ ALSO: NYSC Swears In 1,600 Corps Members In Bauchi
He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.
“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.
The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.
Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.
READ ALSO: NCCSALW Deploys NYSC Members In Fight Against Illegal Arms In Northeast
She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.
According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.
Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.
She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.
The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.
“We are happy with our collaboration with the NYSC, and it will continue,” he said.
READ ALSO: NYSC Lauds Gov. Mohammed’s Intervention In Fence Collapse
Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.
He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.
He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.
According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.
News
CBN Reduces Interest Rate To 23%
The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.
Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.
According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.
READ ALSO: CBN Monetary Tightening Worsening Nigeria’s N50tn Development Finance Gap – Group
Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.
According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.
“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”
News
NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego
Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.
The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.
The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.
According to the post, the two union leaders have resolved their differences after years of strained relations.
READ ALSO: Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo
“After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.
The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.
“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.
The post also described the meeting as a significant step beyond previous public displays of reconciliation.
READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident
“This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”
Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.
“Both parties are delighted about the new development,” the post said.
The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.
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