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Security Agencies Invite Six Alleged Terror Financiers For Questioning

Security agencies have invited six individuals and three companies recently designated by the Nigeria Sanctions Committee (NSC) for alleged terrorism financing, as investigations into their suspected links to the Islamic State West Africa Province (ISWAP) and affiliated terrorist networks intensify.
Also, the Federal Government has so far secured 1,721 terrorism-related convictions through mass trials of terrorists since the programme began in 2017.
Meanwhile, the Director-General of the Department of State Services (DSS), Oluwatosin Ajayi, has disclosed that the Service is pursuing several high-impact cybercrime prosecutions as part of efforts to strengthen deterrence and curb the misuse of digital platforms.
According to the United Nations, communities in northern Nigeria have reported cases of individuals joining bandits so they can have food or income. This is just as hunger across Nigeria’s conflict-hit North is at levels not seen in a decade, as violence spreads and aid shrinks.
The coordinated initiative of the Federal Government involved the Office of the National Security Adviser (ONSA), the Federal Ministry of Justice, the judiciary, security and law enforcement agencies, and international partners.
The ONSA Director Legal Services, Zakari Mijinyawa, disclosed this yesterday during a Joint Security Press Briefing by spokespersons of security, defence and law enforcement agencies.
READ ALSO: Terrorists Demand N300m After N40m Ransom Payment For Kidnapped INEC Commissioner
Ten phases of the mass trials have been conducted, resulting in 1,721 convictions for terrorism and related offences.
The trial ensured that defendants against whom the prosecution could not establish guilt beyond a reasonable doubt were discharged or acquitted, demonstrating the government’s commitment to due process, the rule of law, and fair trial standards.
The invitation followed the designation of the suspected financiers by the Nigeria Financial Intelligence Unit (NFIU), which also directed the freezing of all funds, assets and economic resources linked to them in line with the Terrorism (Prevention and Prohibition) Act, 2022, and relevant United Nations Security Council (UNSC) resolutions.
Speaking at a joint media briefing by security, defence and law enforcement agencies in Abuja yesterday, an official of NFIU, Kingsley Amaku, said the designations were based on extensive intelligence gathering, financial investigations and inter-agency assessments.
According to him, the designated individuals are Muktar Adamu, Ibrahim Ogirima, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Usman and Babangida Hammajam. The affected entities are Abbal Bako & Sons Bureau De Change Limited, Generation Currency BDC Limited and Nine to Nine BDC Limited.
Amaku noted that Muktar Adamu was also sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), alongside Generation Currency BDC Limited and Nine to Nine BDC Limited, for their alleged role in supporting terrorist financing.
READ ALSO: Terrorists Invade Borno School, Kill One, Set Classrooms Ablaze
He said financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) had been directed to immediately identify and freeze assets linked to the designated persons and entities.
SPEAKING at the public presentation of Electronic Evidence (Second Edition) and A Compendium of Cases on Electronic Evidence, Volume II, Ajayi said the DSS had deliberately identified cases capable of setting legal precedents and discouraging cyber-enabled offences.
According to him, investigators and prosecutors are focusing on cases whose outcomes could reinforce compliance with the law and promote responsible use of digital platforms.
“We are prosecuting a number of suspects who committed offences under that Act,” Ajayi said, referring to the Cybercrimes Act.
He added that DSS had intentionally selected a handful of cases expected to have significant deterrent value.
“We have picked one, or two, or three, four, five, six that will give impact,” he said.
READ ALSO: Terrorists Invade Borno School, Kill One, Set Classrooms Ablaze
The DSS chief also revealed that one of the pending cases involves a presidential candidate alleged to have made statements against the President, but declined to provide further details because the matter is before the court.
“There is one of them who is a presidential candidate and disparaged a sitting President. We chose that one. I can’t talk about him because he is in court,” he stated.
MAKING the bandits’ recruitment revelations, yesterday, the UN’s World Food Programme (WFP) noted that more than 17 million persons in the North were experiencing “crisis, emergency or catastrophic levels” of hunger.
Nigeria has been battling a jihadist insurgency in the North-East since 2009, with recent expansions into the North-West.
“What concerns us most is how this crisis is expanding,” WFP Regional Director for West and Central Africa, Kinday Samba, stated, adding that the spread of violence “across a much wider area” forces people from farmland, drives displacement, and restricts humanitarian access.
The International Monetary Fund (IMF) reported last month that poverty rose under President Bola Tinubu, who embarked on a raft of economic reforms supported by economists but which have also driven up prices.
At the height of the 2025 “lean season”, when the previous year’s food stocks were running low but new crops weren’t ready for harvest, the agency delivered food and nutrition aid to 1.3 million people.
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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