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SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 21st May 2024

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By Kayode Sanni-Arewa

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 20th May, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):

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The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1460 and sell at N1490 on Monday 20th May 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market

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Exchange Rate Today

Buying Rate N1460

Selling Rate N1490

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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SEE List of 14 Nigerians Wanted By INTERPOL

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The International Police (INTERPOL) has released a wanted list comprising 14 Nigerians implicated in various offences, including human trafficking, narcotics, robbery, deception, and fraud.

According to Red Notices posted on INTERPOL’s official website on Tuesday, the individuals are sought by authorities in different countries for crimes allegedly committed within their jurisdictions.

According to the postings, Felix Omoregie, Jessica Edosomwan, Jude Uzoma, Uche Egbue, Chinedu Ezeunara, Benedict Okoro, Ikechukwu Obidiozor, and Alachi Stanley were among the people who were sought.

“Mary Eze, Timloh Nkem, Austine Costa, Okromi Festus, Akachi Vitus, and Bouhari Salif are among the others.

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Omoregie is wanted by Belgian authorities for allegedly being the head of a criminal organisation that uses children as prostitutes,” according to the notice.

According to the information provided by the requesting entity, the charges were: “Human trafficking for prostitution or other forms of sexual exploitation; sexual exploitation or exploitation of prostitution of another person/Leader of a criminal organisation; Family name: Omoregie, Forename: Felix, Gender: male, date of birth: 22/10/1977 (47 years old), nationality: Nigeria.”

The French authorities are seeking Edosomwan for “multiple victims trafficking in human beings, committed against several persons,” according to the notice on her organised competition amongst gangs to hide or convert the money obtained from an offence.

According to the report, the Venezuelan government is seeking Ezeunara for suspected drug trafficking, the Uruguayan government is seeking Ezeunara for suspected drug trafficking, the Nicaraguan government is seeking Okoro for suspected organised crime, and the Argentinean authorities are seeking Egbue for suspected drug trafficking.

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More checks on the INTERPOL website discovered that Obidiozor, Vitus, and Stanley are wanted by the Angolan government for suspected “kidnapping, robbery, and illegal possession of firearms.”

In other INTERPOL alerts, it was stated that Canada wanted Nkem for alleged “sexual assault and failure to comply with a condition of recognition,” China wanted Salif for alleged “drug smuggling,” and Denmark wanted Eze for claimed “traffic in human beings.”

According to the notices that were published, Costa is wanted by India for “criminal conspiracy; having possession of a document knowing it to be forged and intending to use it as genuine; forgery of valuable security, will, etc.; forgery for purpose of cheating,” and Okromi is wanted for “criminal conspiracy and cheating.”

However, INTERPOL pointed out that the notifications were intended to inform the public about potential dangers and to ask for assistance in finding a specific person.

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“A red notice is a request to law enforcement worldwide to locate and temporarily arrest an individual pending extradition, surrender, or similar legal action,” the statement read.

“A red notice is not a warrant for an international arrest. The international tribunal or the requesting member nation wants the individuals. Member nations use their legal frameworks when determining whether to make an arrest.

“If the public has any information about the wanted individuals, they are encouraged to report it to their local police authorities.”

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Court Remands Refinery MD In Kuje Correctional Centre Over Alleged $35m Scam

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The Economic and Financial Crimes Commission, on Monday, December 23, 2024, arraigned the Managing Director of Atlantic International Refinery and Petrochemical Limited, Akindele Akintoye at the Federal High Court, Abuja, over an alleged $35 million fraud.

He was arraigned before Justice Emeka Nwite on charges bordering on money laundering and contract fraud.

On October 31, 2024, Akintoye was arrested by the EFCC and detained at its holding facility in Abuja.

According to a tweet via the commission’s X handle on Wednesday, Akintoye allegedly collected $35m from the Nigeria Content Development and Monitoring Board to build a 2,000 barrel-per-day refinery, jetty, gas plant, among others, at the Brass Free Trade Zone, Okpoama community in Brass Local Government Area of Bayelsa State.

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He “allegedly mooted the idea of the project to the Board and the NCDMB embraced it with a counterpart funding to the tune of $35million. He allegedly received the funds through the bank account of Atlantic International Refinery and Petrochemical Limited and funneled the funds into four of his companies: Platform Capital Investment Partners, Duport Midstream Company Ltd., Puisance Afrique Dynamics Ltd., Adamantine Petrochemical & Refinery Ltd and Bureau de Change outlets,” the tweet stated.

At the court sitting on Monday, EFCC counsel, Ekele Iheanacho, told the court that the defendant faced a four counts filed on November 19, 2024, and requested that the charges be read to the defendant.

One of the counts read, “That you, Akindele Akintoye, and Platform Capital Investment Partners Limited, between December 2020 and February 2021, within the jurisdiction of this Honourable Court, indirectly retained the sum of $16,006,000 (Sixteen Million, Six Thousand United States Dollars), being part of the funds dishonestly converted from the money paid by the NCDMB to Atlantic International Refinery and Petrochemical Limited as investment, knowing the said sum constituted proceeds of unlawful activity, thereby committing an offence contrary to Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.”

The EFCC noted that Akintoye pleaded “not guilty” after the charges were read to him. Thereafter, the anti-graft agency’s counsel requested the court to remand Akintoye in a correctional centre, and then sought a trial date.

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However, the defendant’s counsel, Emmanuel Esadio applied for bail, stating that the application was filed and served on the prosecution.

In his response, Justice Nwite stressed the importance of allowing the prosecution to respond to the bail application, noting that the law requires a 48-hour period before a bail application can be considered.

“Justice is tripartite, to the accused, the defendant, and society. I cannot shut out the prosecution, they must be heard,” the Judge said.

“Esadio further requested that the defendant be remanded in EFCC custody, citing his client’s health issues and the need for easy access to legal counsel.

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“But Iheanacho opposed the request, arguing that the EFCC lacked adequate facilities and that Akintoye had demonstrated untrustworthiness, including allegedly retrieving his international passport after claiming it was in court custody,” the tweet read.

“The defendant cannot be trusted. He has shown tendencies that suggest he may commit another crime. Additionally, there is no medical evidence before the court to support claims of ill health,” Iheanacho submitted.

After considering the arguments, the judge ordered Akintoye’s remand at the Kuje Correctional Centre and adjourned the matter till December 31, 2024, for hearing on the bail application.

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Terrorists reportedly bomb Nigerian army base

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By Kayode Sanni-Arewa

Suspected Boko Haram terrorists have reportedly bombed a Nigerian military base in Wajiroko, located in the Damboa Local Government Area of Borno State.

The attack occurred on Christmas Eve December 24 2024, when multiple armed drones, carrying locally fabricated grenades, targeted the Forward Operating Base.

The strike injured no fewer than six soldiers, who were quickly given first aid at the scene and are awaiting further medical treatment.

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The assault began with gunfire from the terrorists, who launched a brief attack that was repelled by the soldiers.

However, shortly afterward, drones carrying explosives struck the base again.

According to military sources, up to four different armed drones were observed during the attack.

A report also revealed that a military gun truck was damaged during the strike.

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Boko Haram has been a persistent threat in Northeastern Nigeria for nearly two decades, causing loss of life and displacing millions.

The Nigerian military has repeatedly claimed success in combating the insurgents, though the group remains a formidable force, continuing to carry out attacks across the region.

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