Connect with us

news

Breaking : EFCC’s Crackdown Target’s individuals and companies involved in Dollar speculation, hoarding, racketeering, and issuing foreign currency invoices

Published

on

….Agency arrests suspects in Lagos, PH, Kaduna

The Economic and Financial Crimes Commission (EFCC) yesterday joined the battle to halt further depreciation of the naira against the dollar.

The anti-graft agency said it had raised 14 special task forces to fish out culprits.

The anti-graft agency, which announced the arrest of many racketeers in Lagos, Port Harcourt and Kaduna, said each task force will operate from the agency’s 14 zonal commands.

It has also invited for questioning some proprietors of privately run varsities and higher institutions who charge fees in dollars.

The development came on a day the Association of Bureaux De Change Operators of Nigeria (ABCON) requested that the Central Bank of Nigeria (CBN) allow its members to resume dollar sales.

The naira exchanged yesterday for N1, 490/$ at the parallel market and N1, 418/$ in banks.

In a statement by its Head of Media and Publicity, Mr. Dele Oyewale, the EFCC said the task forces will ensure “the enforcement of extant laws against currency mutilation and dollarisation of the economy.”

“The task force, inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and distortions exposing it to instability and disruption.”

The CBN frowns at the use of foreign currency as a medium of exchange in Nigeria.

In a statement by its erstwhile Director, Corporate Communications, Ibrahim Mu’azu, the apex bank drew attention to the consequences of contravening the provisions of the CBN Act of 2007.

According to the Act, “the currency notes issued by the bank (CBN) shall be legal tender in Nigeria…for the payment of any amount.”

The statement reads: “The attention of the Bank has been drawn to the increasing use of foreign currencies in the domestic economy as a medium of payment for goods and services by individuals and corporates.

“It has also been observed that some institutions price their goods and services in foreign currencies and demand payments in foreign currencies rather than the domestic currency (the naira), which is the legal tender in Nigeria.

“For the avoidance of doubt, the attention of the general public is hereby drawn to the provisions of the CBN Act of 2007, which states inter-alia: ‘the currency notes issued by the Bank shall be legal tender in Nigeria…for the payment of any amount’.

“Furthermore, the Act stipulates that any person who contravenes this provision is guilty of an offence and shall be liable on conviction to a prescribed fine or six months imprisonment.

“This prohibition, however, is without prejudice to foreigners, visitors and tourists who are encouraged to continue to use their cards for payments or exchange their foreign currency for local currency at any of the authorised dealers’ outposts.

“The general public is hereby advised to report any contravention of the provision of this Act to the Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN) for appropriate action.”

Although the EFCC was silent on the number of those arrested, it said some suspects have been undergoing interrogation.

The statement added: “Already, the commission has arrested some perpetrators of issuance of invoices in dollars and mutilation of the naira in Lagos and Port Harcourt.

“Also, proprietors of private universities and other institutions of higher learning charging fees in dollars have been invited by the commission.

“The commission is committed to the enforcement of all laws in place for the reflation and stimulation of the economy.”

In a separate statement, the EFCC said its operatives in the Kaduna Zonal Command arrested three persons in connection with suspected currency racketeering.

It listed the suspects as Musa Gideon, Abdul Seidu Adamu and Justine Musa.

They were arrested yesterday on Yakubu Gowon Way, Kaduna while trying to “sell new naira notes to an EFCC’s undercover operative”.

“The operative, a member of the special task forces set up for the enforcement of extant laws against currency mutilation and dollarisation of the economy, functioned in a sting operation carried out by the team.

“The operation yielded the arrest of the three suspects selling new and old naira notes to the tune of N1, 307,400 and in possession of many Automated Teller Machine (ATM) cards.

“The suspects would be charged to court as soon as investigations are concluded,” the EFCC statement said.

Also the Association of Bureaux De Change Operators of Nigeria (ABCON) has requested that the CBN should allow its members to resume dollar sales.

It said dollar distribution at the retail end of the market would recommence if the proposals it submitted yesterday to the CBN were approved.

The association also proposed the return of the self-regulatory status of ABCON by the apex bank. This, according to the association, will ensure compliance by its members with regulatory guidelines.

President of the Association, Aminu Gwadabe, said the BDCs would also partner with International Money Transfer Operators (IMTOs) to ensure the economy attracted more forex proceeds to deepen market liquidity.

The CBN had in July 2021 stopped forex sales and issuance of new licences to prospective BDCs after its Monetary Policy Committee two-day meeting in Abuja.

Continue Reading
Click to comment

Leave a Reply

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

news

Update : Adeyemi Matthew Is a Fraudster Plotting to Implicate Chief of Staff, Says Onanuga

Published

on

…says Gbajabiamila first reported fake presidential agency to DSS, Police

…adds police file eight-count charge against suspect, two accomplices

The Presidency on Wednesday described Adeyemi Adeniyi Matthew as a con artist with a long record of elaborate scams, warning politicians and the public against using his claims to falsely implicate the Chief of Staff to the President, Femi Gbajabiamila.

In a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency said Matthew had been parading himself as Director-General of a fictitious Presidential Foreign Intervention Promotion Council, also referred to as the Presidential Economic Advisory Council.

Onanuga said the Office of the Chief of Staff to the President was, in fact, the first to alert security agencies to the activities of the illegal body after complaints from the Nigerian Investment Promotion Council that another so-called government agency appeared to be working at cross-purposes with it. NigeriaCurrent Affairs

According to the statement, the Chief of Staff had, in a letter dated October 17, 2025, asked the Department of State Services and the Police to investigate “fraudsters and impostors” forging appointment letters purportedly issued from his office.

The forged documents, the Presidency said, carried fake signatures, reference numbers and seals, and were being used to claim appointments into non-existent bodies, especially the so-called Presidential Foreign Intervention Promotion Council.

Gbajabiamila’s petition also alleged that Adeyemi Matthew operated from an office at the Federal Secretariat Complex, Phase III, Abuja, held meetings with Nigerians and foreigners, and requested a note verbale from the Ministry of Foreign Affairs to facilitate United States visas for some of his purported staff.

The Presidency said the Chief of Staff warned the security agencies that the development constituted a serious criminal act capable of undermining the integrity of the Presidency and official government communication.

The statement said the petition was accompanied by copies of the forged appointment letter, a request for a note verbale to the Ministry of Foreign Affairs, and pictures of engagements obtained from the illegal agency’s website.

It further added that the Ministry of Foreign Affairs had also raised concern about the fake agency after Adeyemi Matthew held a meeting with ambassadors at Wells Carlton Hotel and Apartments, Asokoro, on October 10, 2025, without recourse to the ministry.

In a letter dated October 15, 2025, signed by Ambassador Anderson Madubuike, the ministry wrote to the Office of the National Security Adviser and the Chief of Staff requesting clarification on Adeyemi Matthew’s agency, describing his action as a breach of diplomatic practice.

“This act contravenes extant rules and regulations guiding diplomatic practices globally”, the ministry stated.

The Presidency said the Office of the National Security Adviser later wrote to the Office of the Secretary to the Government of the Federation on October 20, while the OSGF, on October 29, wrote to the Chief of Staff seeking clarification following inquiries from government and non-governmental bodies.

The statement explained that Gbajabiamila had already sent a clear rebuttal to the Foreign Affairs Ministry two days earlier, stating that he never issued any appointment letter to Adeyemi Matthew as Director-General of the fake council.

He said the Chief of Staff could not have appointed anyone into a non-existent agency, adding that appointments and appointment letters are the responsibility of the Office of the Secretary to the Government of the Federation, not the Chief of Staff.

In another response to the OSGF on November 5, 2025, Gbajabiamila again denied knowledge of Adeyemi Matthew and the fake agency, saying Matthew and the so-called Presidential Foreign Investment Promotion Council were unknown to his office.

The Presidency said the Police, acting on the Chief of Staff’s October 17 petition, arrested Adeyemi Matthew on October 27, 2025, at the Abuja office where he allegedly operated the scam.

Police investigators also searched the office and Adeyemi Matthew’s residence in Suleja, recovering documents and exhibits.

In his statement to the Police, Adeyemi Matthew allegedly claimed that one Dolapo Babatunde Tanimola assisted him in procuring the fake appointment letter. Police later discovered that Tanimola had died in a fire incident at Kachi Hotel, Abuja, on October 22, five days before Matthew’s arrest.

According to Onanuga, the Police established that Adeyemi Matthew’s purported agency was fictitious, that he forged his appointment letter and other recovered documents, and that he falsely paraded himself as a government appointee.

The Police also found that he falsely solicited a note verbale from the Ministry of Foreign Affairs to secure United States visas for himself and his purported staff.

The statement further disclosed that Adeyemi Matthew operated 34 bank accounts, including nine opened in the names of fictitious agencies identified as FCT Investment Promotion Agency and Public Private Partnership, FIPA-APP, and FCT Investment Promotion Act.

It said Adeyemi Matthew allegedly used fake documents to fraudulently open a Central Bank of Nigeria account by misleading the Office of the Accountant-General of the Federation, though no government money had been transferred into the account. NigeriaCurrent Affairs

Quoting the police investigation report by Assistant Commissioner Kabir Mogaji, the Presidency said Adeyemi Matthew’s conduct amounted to criminal forgery, impersonation and obtaining by false pretence, bringing the Office of the Chief of Staff and the Presidency into disrepute before the public and the international community.

Based on the investigation, the Police filed an eight-count charge against Adeyemi Matthew and two alleged accomplices at the Federal High Court, Abuja, on November 27, 2025. He is expected in court on July 27.

The Presidency said Adeyemi Matthew was on police bail when he recently claimed that the Chief of Staff appointed him as Director-General of the fictitious agency, a claim Onanuga said contradicted his statement to the Police in November 2025.

The fresh claim, according to the statement, prompted the Chief of Staff to issue a disclaimer on June 8, 2026, consistent with earlier advisories that Adeyemi Matthew was an impostor.

“The case of Prince Adeniyi Adeyemi Matthew is a clear case of a con artist who appears to have built a web of false claims to deceive unsuspecting government officials and the public into playing by his scam book,” Onanuga said.

He added that Adeyemi Matthew had a history of fraudulent misrepresentation, recalling that in November 2016, he allegedly paraded himself as an ambassador and President-General of the World Youth Organisation, which he claimed was affiliated with the United Nations.

The statement said Adeyemi Matthew claimed to have been elected in New Delhi, India, and was celebrated by local media until the United Nations denied the existence of such a body.

The Presidency advised politicians and members of the public to disregard Adeyemi Matthew’s claims against the Chief of Staff rather than accepting his narrative without scrutiny.

It urged them to await the trial of Adeyemi Matthew and his alleged accomplices, as well as the court’s judgment, warning that public comments on the matter are sub judice.

Continue Reading

news

Update : NIMC Records Facilitate Arrest of Seven Boko Haram, ISWAP Commanders – Ojo Reveals

Published

on

‎NIMC database helped arrest seven Boko Haram, ISWAP commanders returning from Hajj – Minister

‎The Minister of Interior, Dr Olubunmi Tunji-Ojo, said on Friday that Nigeria’s integrated identity management system led to the arrest of seven suspected Boko Haram and ISWAP commanders returning from the 2026 Hajj pilgrimage.

‎Tunji-Ojo disclosed this at the Presidential Villa, Abuja, shortly after President Bola Tinubu signed the National Identity Management Commission Act 2026 into law, as contained in a statement signed by the President’s aide, Bayo Onanuga.

‎According to the minister, the suspects were arrested last Thursday at the Katsina airport after returning from Mecca and were subsequently handed over to the Department of State Services.

‎He said the arrests were made possible through the integration of the National Identity Management Commission database with the Nigeria Immigration Service database and its connection to Interpol.

‎”I know, sometime ago, the Senate President was alarmed by how some terrorists went on pilgrimage, wondering how they crossed our borders. We inherited a fractured system.

‎”But I’m happy to tell you that even last week, Thursday, seven of the known commanders of Boko Haram and ISWAP at the point of coming back from Mecca were arrested in Katsina at the airport and were handed over to the DSS.

‎”This is only possible because NIMC’s ID is already connected with the immigration database, and it’s already speaking to even the Interpol 24/7, and we have been able to automate this,” the minister said.

Tinubu signs NIMC Act into law
‎Tunji-Ojo said the newly signed NIMC Act would further strengthen Nigeria’s security architecture by accelerating the harmonisation of identity databases and improving inter-agency collaboration.

‎According to him, the law will enhance the integrity of the National Identity Number system while boosting the country’s capacity to combat identity theft, terrorism, financial crimes and other security threats.

‎He said that before the current administration, identity management systems were fragmented, noting that services such as passport issuance and driver’s licence processing were disconnected from the national identity database.

‎”When Mr President came on board, we had a disconnected system within our identity data management system. At that time, getting a passport and getting a driving permit were completely disconnected from our identity database.

‎”But today, you can’t get a Nigerian passport without pulling data from NIMC,” he stated.

‎Tinubu signed the NIMC Act 2026 on Friday in the presence of Senate President Godswill Akpabio, Deputy Speaker of the House of Representatives Benjamin Kalu and other senior government officials.

Continue Reading

news

Ozekhome Ordered to Stop Using SAN Rank Amid Forgery Allegations

Published

on

Senior Advocate of Nigeria (SAN), Mike Ozekhome, has been barred by the Legal Practitioners’ Privileges Committee (LPPC) from further parading or referring to himself with that title pending the conclusion of ongoing disciplinary proceedings and other cases involving him.

“This action was taken pursuant to Paragraph 26(6) of the Guidelines for the Conferment of the Rank of Senior Advocate of Nigeria and All Matters Pertaining to the rank, pending the final determination of the disciplinary proceedings, presently before the Disciplinary and Ethics Sub-Committee of the LPPC and other proceedings.

“Accordingly, Chief Mike Ozekhome shall refrain from parading himself, presenting himself, or otherwise holding himself out as a Senior Advocate of Nigeria pending the final determination of the disciplinary proceedings,” the LPPC said in a statement issued on Wednesday evening by its Secretary, Kabir Akanbi.

Besides the “disciplinary proceedings” which the LPPC said are pending before its Disciplinary and Ethics Sub-Committee, Ozekhome and another defendant, Ponfa Useni, are currently being prosecuted before a High Court of the Federal Capital Territory (FCT) in Maitama.

Ozekhome and Useni are being prosecuted by the office of the Attorney General of the Federation (AGF) for, among others, allegedly forging documents, including an international passport and an irrevocable power of attorney, and engaging in impersonation to lay claim to a property in London allegedly acquired unlawfully by the late Jeremiah Useni, former Minister of the FCT.

Alleged forgery: Court AGF takes over Ozekhome’s case from ICPC
Fed Govt charges Ozekhome with forgery over UK property
The statement by Akanbi read, “The Legal Practitioners’ Privileges Committee (LPPC), at its 173rd general meeting held on 23rd June 2026, approved the suspension of Chief Mike Ozekhome, from the rank of Senior Advocate of Nigeria.

“This action was taken pursuant to Paragraph 26(6) of the Guidelines for the Conferment of the Rank of Senior Advocate of Nigeria and All Matters Pertaining to the rank, pending the final determination of the disciplinary proceedings, presently before the Disciplinary and Ethics Sub-Committee of the LPPC and other proceedings.

“The suspension is intended to safeguard the integrity, dignity, and prestige of the rank of Senior Advocate of Nigeria, while due consideration is given to the matters under review.

“Accordingly, Chief Mike Ozekhome shall refrain from parading himself, presenting himself, or otherwise holding himself out as a Senior Advocate of Nigeria pending the final determination of the disciplinary proceedings.

“The LPPC remains committed to upholding the highest standards of professional ethics, integrity, and discipline within the legal profession and to ensuring that the rank of Senior Advocate of Nigeria continues to command public confidence and respect.”

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved