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Just IN : Naira – for-Visa : Foreign Affairs Minister Yusuf, Directs all Embassies to comply with EFCC’s directive
Commission says some missions use N1,900 to dollar exchange rate
Demands banks’ response to enquiries within 24 hours
Foreign Affairs Minister Yusuf Tuggar has written all the foreign missions in the country to comply with the directive of the Economic and Financial Crimes Commission (EFCC) to charge payment for visa and consular services in naira instead of dollar.
Tuggar has already met with a few envoys who sought more clarifications on the EFCC’s advisory.
It was learnt that the EFCC advisory against dollar-denominated service was necessitated in part after some embassies adopted N1,800-N1,900 exchange rates to a dollar.
An embassy was found to have set up an account unit where visa applicants were paying cash in dollar for services outside the conventional banking system.
Some embassies are understood to have started implementing the EFCC’s advisory on naira policy for consular services.
It was gathered that the EFCC has entered into an understanding with the Central Bank of Nigeria (CBN) for prompt remittance of the funds generated by the embassies to their home countries at official rate.
In an April 5, 2024 advisory to the Foreign Affairs Minister, the EFCC Executive Chairman, Mr. Ola Olukoyede, had asked government to stop foreign missions in Nigeria from charging visa and other consular services in foreign denominations.
He also advised all embassies to adopt Nigeria’s regulatory regime in fixing the exchange rate of the cost of their services.
He said the commission has observed the violation of Section 20(1) of the Central Bank of Nigeria Act, 2007 which makes currencies issued by the apex bank the only legal tender in Nigeria.
A top source told The Nation that the Minister of Foreign Affairs asked all foreign missions to implement the EFCC advisory.
EFCC urges embassies not to charge visa, other services in dollar
The source said: “The Federal Government has adopted the advisory of the EFCC which is backed by the CBN Act. In line with this, the Minister, Amb. Yusuf Tuggar, has formally written all embassies to charge and accept payment for visa and consular services in naira.
“In fact, the Ambassador of one of the missions collecting dollars for consular services demanded an audience with the Minister of Foreign Affairs for clarifications on the new policy. Tuggar, who met with the affected envoy, said there is no going back on the naira policy.
“But the EFCC has also reached an understanding with the CBN for the prompt remittance of all consular fees collected at the official exchange rate to the embassies or countries. The Federal Government will not default in remitting funds.”
It was gathered that the EFCC issued the advisory following discovery that some embassies had adopted N1,800 to N1,900 exchange rates for applicants for visa and consular services.
“Some embassies went beyond official and parallel market rates in fixing exchange rate for consular services. They were charging as high as N1,800 to N1,900,” one source said.
“A foreign mission was even collecting dollars in cash from visa applicants. The practice was outside the banking system.
“From feedback, some of the embassies are already charging for consular services, including visa, in naira. We will not relent in ensuring full compliance by all missions.
“There is a desk monitoring compliance with the naira-for-visa policy. Any infraction will be reported to the Federal Government through the Ministry of Foreign Affairs.”
The advisory, signed by the EFCC Executive Chairman, Mr. Ola Olukoyede, reads in part: “…I wish to notify you about the commission’s observation, with dismay, regarding the unhealthy practice by some foreign Missions to invoice consular services to Nigerians and other foreign nationals in the country in United States Dollar ($).
“This practice is an aberration and unlawful as it conflicts ‘with extant laws and financial regulations in Nigeria. Section 20(1) of the Central Bank of Nigeria Act, 2007 makes currencies issued by the apex bank the only legal tender in Nigeria.
“It states that ‘the currency notes issued by the Bank shall be the legal tender in Nigeria on their face value for the payment of any amount’.
“This presupposes that any transaction in currencies other than the naira anywhere in Nigeria contravenes the law and is therefore illegal.”
The commission added: “The refusal by some Missions to accept the Naira for consular service in Nigeria and also comply with foreign exchange regulatory regime in fixing the exchange of the cost of their services is not only illegal but represents an affront on the country’s sovereignty symbolised by the national currency. It undermines Nigeria’s monetary policy and aspiration for sustainable economic development.
“This trend can no longer be tolerated, especially in a volatile economic environment where the country’s macroeconomic policies are constantly under attack by all manner of state and non-state actors.
“In the light of the above, you may wish to convey the commission’s displeasure to all Missions in Nigeria and restate Nigeria’s desire for their operations not to conflict with extant laws and regulations in the country.
“Please accept, as always, the assurances of my highest consideration and respect.”
Attend to enquiries on money laundering, others within 24 hours, EFCC boss tasks bankers
The EFCC boss has also urged bankers to respond to the commission’s enquiries within 24 hours to aid its investigations.
“I don’t want to be charging banks alongside suspected criminals, because doing so can wreak havoc on the economy. It will even discourage investors from coming to the country,” Olukoyede said during a roundtable with compliance officers of banks in Ilorin, the Kwara State capital.
He added: “Our intention is to use the anti-corruption fight to bolster the economy. So, we must work together to save this country.”
Represented by acting Zonal Director, Ilorin Command Harry Erin, Pastor Olukoyede said: “We need to find a common ground to work together. You have a responsibility to fight corruption.”
The EFCC chair also expressed concerns over the use of fintech (private banking) by criminals to perpetuate crimes.
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Update : Tinubu Meets Plateau Victims, Cites Security Challenges, logistics, Announces 5,000 AI Surveillance Cameras, Says Onanuga
…says visit aimed at lasting peace, not symbolism
The Presidency has explained why President Bola Ahmed Tinubu addressed victims of the recent Plateau State attacks at the Yakubu Gowon Airport in Jos, citing logistical constraints and urgent security considerations that shaped the structure of his visit.
According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President’s decision followed a series of developments, including an extended bilateral meeting with Chadian President Mahamat Idriss Déby Itno and operational limitations at the Jos airport.
The Presidency said Tinubu had initially scheduled two engagements for Thursday: receiving the Chadian leader and proceeding to Iperu, Ogun State, but altered his itinerary after receiving a briefing from Plateau State Governor Caleb Mutfwang on the scale of the attacks.
“Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed,” the statement said, noting, however, that the Chadian President’s visit could not be postponed due to its strategic importance.
The bilateral meeting, which focused on strengthening regional security cooperation, reportedly ran longer than expected, delaying the President’s departure for Jos.
Upon arrival in Plateau State, further constraints emerged. The Presidency explained that the runway at the Jos airport lacks navigational aids for night operations, making it impossible for the President to travel into the city, about 40 minutes away, and return safely before dusk.
“As a result, state and federal officials agreed to bring representatives of the affected communities to a hall adjoining the airport, enabling the President to meet them promptly while adhering to flight restrictions,” the statement added.
Present at the meeting were top security officials, including the Minister of Defence, the Chief of Army Staff, and the Inspector-General of Police, who had earlier visited Rukuba, identified as the epicentre of the violence.
The President had also deployed a high-level team ahead of his arrival, including his Senior Special Assistant on Community Engagement, to undertake groundwork on security stabilisation and community relations.
Beyond offering condolences, Tinubu used the meeting to engage stakeholders on ending the protracted cycle of violence in Plateau State.
“The visit was not merely symbolic. It was a strategic, high-level engagement aimed at addressing the root causes of the decades-old conflict,” the statement said.
During the interaction, the President listened to victims and community leaders, assuring them of the Federal Government’s commitment to justice and lasting peace.
He also announced plans to deploy 5,000 AI-enabled surveillance cameras across the state to enhance monitoring, improve intelligence gathering, and aid in identifying perpetrators of violence.
Tinubu further invited community leaders to Abuja for expanded consultations aimed at developing sustainable solutions to the recurring crises.
The meeting, which was broadcast live, was described as solemn and reassuring, with the Presidency noting that it helped boost residents’ confidence in government efforts.
“President Tinubu achieved the purpose of his visit, despite attempts in some quarters to ridicule it. He sent a clear message that sustainable peace must be built with the people, not imposed on them,” the statement said.
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JUST IN: First Lady Secures N30.5bn Support from Dangote, NNPC, Governors for Food Bank
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…Private sector, states rally behind national fight against hunger
…Programme targets vulnerable households, children under six
By Bolaji Ogundele, Abuja
Nigeria’s private sector leaders and state governments on Thursday pledged over N30.5 billion in support of the National Community Food Bank Programme, a flagship initiative championed by the First Lady, Senator Oluremi Tinubu, to combat hunger and food insecurity across the country.
The pledges were announced at the official launch of the programme and inauguration of its Board of Trustees, drawing commitments from major corporate organisations, philanthropic foundations, and subnational governments.
Leading the pack, the Aliko Dangote Foundation, represented by its Managing Director and CEO, Zouera Youssoufou, on behalf of Africa’s richest man, Alhaji Aliko Dangote, committed N20 billion in-kind support over five years.
“It is an honour to stand here today on behalf of the organised private sector. This programme directly addresses food insecurity among vulnerable households, particularly children under six.
“Aliko Dangote Foundation will commit N20 billion in-kind support over the next five years on the provision of fortified and nutritious food products”, Youssoufou said.
She urged broader corporate participation, saying, “I would like to call on the entire organised private sector to actively support this programme,” adding that its success would deliver “a Nigeria where no child goes to bed hungry,” in line with “President Bola Ahmed Tinubu’s Renewed Hope Agenda.”
The Nigerian National Petroleum Company (NNPC) Limited also pledged N10 billion over five years, with Sofia Mbakwe representing the Group Executive Officer, Bayo Ojulari.
“This ceremony stands as a powerful testament of purposeful leadership by Her Excellency Senator Oluremi Tinubu,” Mbakwe said.
Highlighting the programme’s framework in partnership with the Bank of Agriculture, she added, “NNPC Limited is committing a starting sum of N10 billion to be disbursed over the five-year period.”
She assured that the company would “leverage our strategic partners and stands ready to work with you to ensure that this program delivers lasting and measurable impact.”
Also lending support, the Sir Emeka Offor Foundation pledged N500 million, announced by its representative, Chidioke James.
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“Today is not just about launching a fund. It is about launching hope. No society can truly prosper while hunger persists.
“We are very proud to stand with the mother of the nation, the First Lady. The founder has asked that I announce the commitment of 500 million.”
At the grassroots level, the Association of Local Governments of Nigeria (ALGON) pledged full institutional support for the programme, describing it as timely and critical.
Represented by Hamisu Mohammed, ALGON said local governments, as “custodian of the community and the masses,” view the initiative as “a signature legacy project.”
“This initiative comes at a critical time for food insecurity and rising cost of living. Local government fully appreciates grassroots-driven solutions,” he said, pledging “cooperation and partnership particularly in rural and underserved communities.”
Similarly, the Chairman of the Nigeria Governors’ Forum (NGF) and Governor of Kwara State, Abdulrahman AbdulRazaq, assured that state governments would provide substantial counterpart funding.
“Across our states, we see the pressure many households face in accessing affordable and nutritious food. More than one third of the children under five are stunted. This points to chronic undernutrition with lasting consequences for fiscal growth and development. This is not only a health issue, it’s a national issue,” he said.
He praised the First Lady’s “personal commitment” to tackling hunger and aligned the initiative with ongoing state-level nutrition interventions.
“The NGF stands ready to work closely with the federal government… I’ll confer with my colleague… we’ll present a counterpart fund that will closely align to what the Federal Government is donating,” he added, referencing the Federal Ministry of Health’s N17 billion pledge.
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BREAKING: Court Puts Off El-Rufai’s Bail Hearing, Sets New Date
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The Federal High Court in Kaduna on Tuesday adjourned the hearing of the bail application filed by former Kaduna State Governor, Nasir El-Rufai, till Wednesday.
The adjournment followed proceedings that took place under tight security, reflecting heightened public interest in the high-profile corruption trial.
Counsel for the ex-governor, Ukpong Akpan, confirmed the development shortly after the session but declined to give details.
“I’m sorry, I can’t talk now, we are in the middle of work. I have to go and file responses. The hearing of the bail application has been adjourned till tomorrow,” he said.
Shortly after the court rose, El-Rufai was escorted out of the premises by operatives of the Independent Corrupt Practices and Other Related Offences Commission in a white Hilux vehicle.
Earlier, the former governor had returned to court amid heavy security for the continuation of proceedings on his bail request.
The security arrangement mirrored the situation during his arraignment last week when he was first docked before the court.
El-Rufai is standing trial before Justice Rilwan M. Aikawa on a 10-count charge bordering on alleged conversion and possession of public property as well as money laundering.
He was brought to court after spending over a month in detention, a development that has continued to draw widespread attention across the country.
The court had earlier fixed March 31, 2026, for the hearing of all pending applications, including the bail request.
However, the anti-graft agency had on March 27, 2026, released him on compassionate grounds following the death of his mother, Hajiya Ummar El-Rufai, in Cairo, Egypt.
In a related development, the former governor was earlier on Tuesday arraigned before a Kaduna State High Court sitting in Kawo on separate charges.
At the State High Court, he was docked alongside one Amadu Sule on allegations ranging from abuse of office and fraud to intent to commit fraud and conferring undue advantage.
The charges, also filed by the anti-corruption commission, are separate from those before the Federal High Court.
After the proceedings at the State High Court, the commission moved El-Rufai to the Federal High Court within the same premises for continuation of proceedings.
With the adjournment, the hearing of the bail application is expected to resume on Wednesday.
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