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EFCC cautions schools, hotels, others against charging in dollar
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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has warned schools, supermarkets, hotels and others against charging for services in the country in dollar or any other foreign currency.
Olukoyede, in the latest edition of the commission’s monthly e-magazine, called EFCC Alert released on Monday, threatened to jail anyone found dollarising the economy.
The EFCC boss warned that anyone caught collecting the dollar for services or goods would be treated as a criminal in accordance with relevant Nigerian laws.
He vowed that the commission would go after schools, supermarkets, hotels, estate developers and business operators that used the dollar for transaction instead of naira.
“We have also started securing convictions.
“Schools that charge Nigerians in dollar, supermarkets that trade in dollar, estate developers that sell their property in dollar, hotels that are invoicing in dollar, we are coming after you and we have made arrests in that area.
“Yes, if foreigners are coming in and the only means of transacting is their credit card, and dollar, why not, you will get that.
But document it properly as against selling things within the system, local economy and you will be using dollar as the medium of exchange, it is illegal.
Our law does not allow for that. And we have also effected some arrests,” he said.
According to him, this is making impact as the rate at which some people advertise goods and services in dollar has really gone down.
“We are not going to relent. We are going to continue until we eradicate mutilation of currency, and illegal dealing in forex. Another area is in the area of illegal forex trading.
“Coupled with the activities of the CBN, we are trying to ensure that those involved in currency trading are properly licensed, regulated, and do their documentation properly,” he stated.
Olukoyede, while explaining the efforts in ensuring success of the anti-graft war under his leadership, condemned some Nigerians who continued to celebrate criminals in the country, stressing that such practice was anti-societal.
“I wondered why some Nigerians should be closing their eyes to the atrocities being committed against the nation by those being investigated for financial crimes but trying to attack the commission for doing its job.
“The moment EFCC starts investigating someone, those who have benefited from him one way or the other, will close their eyes to what they have been deprived of by reason of that financial crime.
“They then concentrate on attacking the agency. They use media propaganda and even sometimes physical attack, yet we are working for Nigerians.
“We are working to preserve integrity in the way we do things and so we need the support of Nigerians,” he said.
According to him, people are given money to procure arms and they won’t do it, and so expose those at the warfront to all kinds of danger and peril.
“It is important for us to come together as a people. Outsiders are not going to clean Nigeria for us. We are here. Someone like me I only have one passport, the green passport.
“Corruption is so damaging, and that is why we are where we are today.
“Go to other African countries, small countries across the globe, you will see development, you’ll see good roads, you’ll see quality health facilities.
Even the issue of insecurity that we are talking about, one way or the other, it can be linked to corruption.
“I keep telling people that there is nothing wrong with us fundamentally as Nigerians but the system we run, and the processes that we follow are the things that are causing problems for us,” he said.
According to him, there are bad guys all over the world but over there, their system is strong enough to checkmate them and to ensure that there are consequences for wrongdoing.
“So, we need to come together and say wrong is wrong irrespective of whether we are related to the person or not. That is when I’ll believe that we are ready to fight corruption,” he said.
The chairman reiterated his call on the need to establish a special court to try corruption, given the negative effect of corruption on development in the country.
“If we agree that corruption has contributed greatly to underdevelopment, then we must adopt extraordinary means to fight it.
“I have always been an advocate for creation of special courts, and I will continue to be.
“I believe that the time has come for this, and I also appeal to members of the National Assembly to help us in facilitating this.
“This will be a great boost to the corruption fight in Nigeria. We have laws and regulations guiding our investigations,” Olukoyede said.
(NAN)
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Obi’s TV interview exposed lack of policy depth — presidential aide
Senior Special Assistant to the President on Public Engagement, Frederick Nwabufo, on Monday criticised the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, describing his recent television interview as further evidence of what he called the opposition leader’s lack of policy depth and understanding of governance.
Reacting in a post on his verified X handle, @FredrickNwabufo, to Obi’s appearance on Channels Television on Sunday night, Nwabufo said the interview showed the NDC candidate had failed to articulate any concrete alternative policy direction.
“Peter Obi’s interview shows him again to be vacant of deep thought, understanding of governance, and taken up by syrupy rhetoric. He still has no plan, no alternative, and no policy plank, beyond a mouthful of sentimental nothings”, he said.
The presidential aide also faulted Obi’s claim that he would unite Nigeria, arguing that the opposition candidate failed to explain how he intended to achieve that objective.
“Obi claimed he would unite Nigeria, but failed to explain how beyond the tired refrain of his cooks and ADC being northerners”, Nwabufo said, adding that “his utterances, actions, and those of his followers have but deepened the chasm”.
According to him, national cohesion is built on “inclusive governance, economic integration, and equitable citizenship”, stressing that “the balancing forces of national cohesion are governance and the economy”.
He argued that strengthening national unity requires governments to ensure that “public resources are delivered to all citizens regardless of faith, ethnicity, or social standing and that the government is fair and just to all”.
Nwabufo said President Bola Tinubu had demonstrated those principles by ensuring that “the six geopolitical zones are equal beneficiaries of its programmes, initiatives, and projects, and indeed, all the accruals of governance”.
He further cited the administration’s appointments into public offices, saying, “He appointed young professionals from diverse backgrounds at an unprecedented scale. For the first time in the evolution of Nigeria, young people are superintending strategic sectors of government”.
The presidential spokesman also defended the President’s approach to national leadership, saying Tinubu had addressed concerns over the composition of the nation’s service chiefs while maintaining a unifying posture.
“There was a time, not so long ago, when the ethnic composition of the service chiefs was often a sore point for controversy, but in his true form as an architect of unity, balancing competence and patriotism, the President put an end to the concerns with wisdom”, he said.
He added that “President Tinubu, by his body language and extempore utterances, has maintained a nationalist and unifying position, bringing all together, and not given to divisive rhetoric. He has continued on the unifier’s path, stitching the national fabric, building a more cohesive nation and forging a shared future for us all”.
Responding to Obi’s criticism of the Renewed Hope Agenda, Nwabufo said the opposition candidate had failed to acknowledge what he described as visible gains from the administration’s reforms.
“Obi needs to get off the high of his rabid movement. The unmistakable trail of Renewed Hope shimmers across all villages, towns, cities, and local government areas in all six geopolitical zones”, he said.
He disclosed that members of the Presidential Communications Team had toured the country’s six geopolitical zones “to see things for themselves, feel the pulse of Nigerians, and conduit feedback to the government”.
Nwabufo added that the administration had documented evidence of economic improvements and transformative programmes, including the Nigerian Education Loan Fund (NELFUND) and interventions by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
“If Obi cares, there’s a digital binder full of reports of Nigeria’s economic turnaround under the current administration, inclusive of many transformative projects, policies, and programmes, such as NELFUND, that are impacting Nigerians at the critical cellular level”, he said.
He concluded that “under Renewed Hope, that hardworking young trader in Amatutu village in Agulu, Anambra can now get support for his small business through SMEDAN, and that brilliant child in Mopa Muro can go to university through NELFUND without the constraints of finance. This is simply Renewed Hope manifest”.
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Lagos varsity unions issue seven-day ultimatum, threaten indefinite strike
Workers’ unions across Lagos State-owned universities have given the Lagos State Government a seven-day ultimatum to address their outstanding demands or face an indefinite strike.
The unions also called on the state government to immediately implement the Federal Government’s agreements with the Academic Staff Union of Universities (ASUU), Senior Staff Association of Nigerian Universities (SSANU) and National Association of Academic Technologists (NAAT), which they said took effect from January 1, 2026.
They further demanded the release of funds for the payment of the N50,000 palliative promised to staff on May 1, 2026, warning that failure to meet their demands within the stipulated period would trigger an indefinite industrial action.
The ultimatum was announced on Monday at a joint press conference organised by the Joint Action Committee (JAC) of Lagos State-owned universities at the Lagos State University (LASU), Ojo campus.
The briefing was attended by representatives of ASUU, the Non-Academic Staff Union (NASU), SSANU and NAAT, who urged the government to take urgent steps to avert a disruption of academic activities across the state-owned institutions.
The affected institutions are Lagos State University (LASU), Lagos State University of Science and Technology (LASUSTECH), Lagos State University of Education (LASUED) and Lagos State University College of Medicine (LASUCOM).
Speaking on behalf of the unions, Chairman of ASUU-LASU, Prof. Ibrahim Bakare, said Governor Babajide Sanwo-Olu had announced on May 1, 2026, that all Lagos State workers would receive a N50,000 palliative, adding that the official communication from government indicated that tertiary institutions were included in the arrangement.
According to him, while workers in the Lagos State Civil Service received the payment, staff of the state-owned universities were excluded despite repeated engagements with university management and government officials.
Bakare said the unions had written to and held consultations with the offices of the governor, deputy governor, commissioners for Tertiary Education and Establishments and Training, the Head of Service, the Speaker of the Lagos State House of Assembly, the Accountant-General and relevant permanent secretaries in an effort to resolve the matter.
He, however, expressed disappointment over what he described as an unsatisfactory response from the government, noting that a letter received by the unions was vague and failed to provide a clear commitment towards implementing the governor’s promise.
“We explored every peaceful and reasonable avenue available to us because we believe in dialogue. Unfortunately, our members have become exhausted and can no longer continue to wait while other categories of public servants have received the payment,” he said.
Bakare disclosed that after consultations across the affected institutions, the unions resolved to issue a seven-day ultimatum to enable the government process the necessary approvals and release the funds.
He warned that failure to meet the demand before the expiration of the ultimatum would compel the unions to determine their next line of action, including embarking on industrial action.
“We pray industrial action does not happen, but if we are pushed to that point, we will have no other option. We cannot continue to allow our members to suffer under the current economic realities,” he said.
Bakare said Lagos had accumulated seven months of outstanding liabilities under the Federal Government agreements, despite assurances previously given by the Deputy Governor, Obafemi Hamzat that future federal agreements would be implemented promptly to avoid a backlog of arrears.
He noted that several state-owned universities in Ekiti and Osun states had already implemented the agreements, describing Lagos State’s delay as surprising for a state regarded as one of the country’s most developed.
The unions also renewed calls for the fulfilment of other welfare commitments, including the release of staff buses promised by Sanwo-Olu and the resolution of the outstanding 20 per cent salary-related issue discussed during previous negotiations with the government.
Also speaking, Chairman of NASU-LASU, Comrade Obafemi Sanni, said the unions were forced to issue the ultimatum because of what he described as the government’s lackadaisical attitude towards implementing agreements affecting workers in tertiary institutions.
He maintained that if the government failed to act before the ultimatum expires, the unions would have no alternative but to embark on an indefinite industrial action.
The unions said they remain committed to dialogue but insisted that the welfare of workers must receive urgent attention to sustain industrial harmony across Lagos State-owned universities. Union representatives from other universities appealed to the state to accede to their demands,noting that many of their members were dying.
News
Kidnappers demand N200m to free abducted Kebbi High Court Judge
Kidnappers holding Kebbi State High Court Judge, Justice Faruku Hassan Bunza, have demanded a N200 million ransom from his family for his release, as security operatives intensify efforts to rescue him.
Kebbi State Commissioner of Police, Umar Muhammad Hadejia, disclosed the ransom demand while briefing journalists on Monday in Birnin Kebbi.
He said the police received intelligence on the demand after launching a swift response to the judge’s abduction, which occurred in the early hours of Sunday at his residence along Zogirma Road in Bunza.
According to Hadejia, the Command has deployed a combined team of police operatives to comb suspected escape routes used by the kidnappers in a bid to rescue the judge unharmed and apprehend those responsible.
He added that multiple checkpoints had been mounted along strategic routes believed to have been used by the abductors to prevent their escape.
The police commissioner expressed confidence that the ongoing operation would lead to the safe rescue of the judge and the arrest of the kidnappers.
Hadejia also confirmed the killing of a suspected kidnapper, Abdulaziz Dogo, and the arrest of another suspect, Ibrahim Abdulwahab, both residents of Ilesha in Kwara State, over the abduction of former Kebbi State Deputy Speaker, Muhammad Samaila Bagudo, on October 31, 2025.
He advised residents, particularly government officials, to avoid travelling late at night, warning that such journeys expose them to attacks by bandits and kidnappers.
The commissioner said the judge’s family informed the police that he frequently travelled at night despite repeated warnings.
He added that the family also reported that the kidnappers had contacted a registrar of the High Court in Abuja regarding negotiations over the N200 million ransom.
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