Connect with us

News

Police raise anti-money laundering units to curb terrorism financing

Published

on

Inspector-General of Police (IGP) Kayode Egbetokun has established the Police Anti-Money Laundering Units of the Nigeria Police Force (NPF).

Egbetokun also appointed a renowned financial expert, Police Commissioner Hyacinth Azuka Edozie with other officers of the rank of Chief Superintendents of Police (CSPs) to lead the units in all State Criminal Investigation Departments (SCIDs) across the country.

The IGP said the initiative is a strategic move to strengthen the role of the police in national security, specifically in combating financial crimes.

He said it would be used to counter the sophisticated methods used by terrorist organisations and other criminal entities in financing their activities.

Advertisement

A statement yesterday in Abuja by Force Public Relations officer (FPRO) Olumuyiwa Adejobi, an Assistant Commissioner of Police (ACP), reads: “The establishment underscores the Force’s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the country’s stability. It also enhances the operational capacity of law enforcement agencies, especially the Nigerian Financial Intelligence Unit (NFIU) in furtherance of its global oversight functions, to address various security threats.

“As a testament to the zeal to curb financial crimes and boost national security, the police recently made significant arrests in Kano and Nasarawa states.

“On December 8, 2024, at Gwale in Kano, operatives, acting on credible intelligence, apprehended Nura Ibrahim and discovered N129,542,823,000 in counterfeit currencies, with a breakdown of 3,366,000 in counterfeit U.S dollars; 51,970 in counterfeit CFA franc, and 1,443,000 in counterfeit naira. The arrest led to further arrests of accomplices Muhammed Muntari and Usman Abdullahi.

“Similarly, on January 13, 2025, the Force arrested 53-year-old Ephraim Barde in New Karu, Nasarawa State, with counterfeit U.S. dollar notes totalling $160,000. Following the arrest, further investigations are underway to determine the full scope of Barde’s involvement and identify any accomplices. The police are committed to preventing further threats to the nation’s financial system.

Advertisement

“The Nigeria Police Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment with a view to promoting national security for the safety of all Nigerians and residents. The establishment of the Anti-Money Laundering Units is a vital step in this mission.

“The IGP calls on all citizens to play an active role in national security by reporting suspicious activities related to counterfeit currency and financial crimes.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

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

News

THISDAY, Arise TV name Wike Minister of the Year 2024

Published

on

The Federal Capital Territory (FCT) minister, Nyesom Wike, has been honoured by ThisDay and Arise Television as the Minister of the Year for 2024.

In a letter dated January 14, 2024, Mr Eniola Bello, Managing Director of ThisDay/ Arise Group, announced that Wike was selected from numerous candidates by millions of readers of ThisDay and viewers of Arise News Channel.

The award presentation is scheduled for January 27, 2025, at Eko Hotels in Victoria Island, Lagos.

The letter stated: “Congratulations on your nomination as Minister of the Year! Your service to Nigeria, Africa, and the world is commendable.

Advertisement

“The ThisDay Awards honour excellence in governance, public policy, leadership, and entrepreneurship. Your contributions have earned you this recognition.”

The letter further emphasised Wike’s resilience and determination during challenging times, noting that he stood out among hundreds of candidates.

Since taking office, Wike has overseen significant infrastructural advancements in Abuja’s city centre and its surrounding satellite towns.

Land administration reforms have improved markedly, enabling land allottees to receive their Certificates of Occupancy (C-of-O) within two weeks of payment.

Advertisement

To illustrate the progress made, Wike has signed 5,841 C-of-O documents since assuming office, in contrast to the 8,400 printed and signed during the previous eight years between 2010 and 2023.

This achievement means he is on track to surpass the total number of C-of-O’s signed in that time frame.

Continue Reading

News

Nigeria, Saudi Arabia Sign MoU for 2025 Hajj

Published

on

 

 

By Gloria Ikibah

Nigeria and the Kingdom of Saudi Arabia have formalized preparations for the 2025 Hajj exercise with the signing of a Memorandum of Understanding (MoU).

Advertisement

The agreement was signed on behalf of Nigeria by the Chairman of the National Hajj Commission of Nigeria (NAHCON), Prof. Abdullahi Saleh Usman, representing the Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar. While the Deputy Minister of Hajj and Umrah, Dr. Abdulfattah Mashat, signed for Saudi Arabia.

The MoU sets the stage for comprehensive preparations for the pilgrimage, ensuring improved coordination and better services for Nigerian pilgrims. In addition to the bilateral meeting and signing ceremony, the fourth edition of the Hajj Conference and Exhibition will also take place. This event will bring together stakeholders from various sectors to enhance the overall Hajj experience and the quality of services offered.

The collaboration highlights the commitment of both nations to maintaining a smooth and successful pilgrimage exercise in 2025.

Tuggar said, “Nigeria and Saudi Arabia have a longstanding tradition of signing annual Memoranda of Understanding (MoUs) to facilitate the smooth conduct of Hajj pilgrimages for Nigerian Muslims. These agreements outline the responsibilities and expectations of both nations, ensuring that Nigerian pilgrims receive adequate services and support during the 2025 Hajj exercise”.

Advertisement

“These MoUs ensure Nigerian pilgrims have a seamless and spiritually fulfilling Hajj experience. They facilitate collaboration on various aspects, including accommodation, transportation, and healthcare services, thereby enhancing the overall welfare of the pilgrims”. He added.

The event was witnessed by Chairman Senate Committee on Foreign Affairs Senator Abubakar Sani Bello, Senator Aliyu Ikara Bilbis, Hon. Jafar Shatiman Borgu, the Consul General of Nigeria in Jeddah, Amb Muazam Ibrahim Nayaya, Amb Mahmud Lele and  CDA Riyadh Dr Modibo Umar.

Continue Reading

News

2025 Budget: Rural Electrification Agency To Provide Solar Power To Public Institutions

Published

on

 

 

By Gloria Ikibah

The Rural Electrification Agency has said that the provision of solar-powered energy to public institutions is a key component of its schedule in the 2025 fiscal year.

Advertisement

Managing Director of the agency, Abba Aliyu disclosed this on Wednesday shortly after making a presentation on REA’s 2024 budget performance and projections in the 2025 Appropriation Bill.

Aliyu said President Bola Tinubu’s approval for the deployment of solar power in the public sector is intended to cut the cost of governance.

He said, “What we did today is to present the 2025 budget proposal which is the biggest REA’s budget so far in the history of the country. The first key aspect of our 2025 budget is the National Public Sector Solarization Initiative, an initiative of President Bola Tinubu with a proposal of N100bn provided.

“The essence of this initiative is for REA to solarize the public sector. If you look at the data of the budget implementation over the years, you will see the quantum of money used by public institutions to buy generators and diesel to provide electricity. So, the Federal Government now sees it as a way to reduce the cost of governance and provide REA with funding for use to solarize this public institution. This is part of what we presented to the House Committee.”

Advertisement

Aliyu in a brief interview with journalists after the budget defence highlighted the key achievements of the agency in the past year.

“For the 2024 budget performance, REA implemented various aspects of work. Key among them was grid extension and the deployment of mini-grids for productive use, which specifically were chosen and deployed within agricultural areas.

“We also carried out deployment of solar home systems. We did a substantial number of that deployment in 2024,” he added.

The REA boss also commended President Tinubu for the huge allocation to the agency in the 2025 budget proposal, saying, “I think we’ve never had it this good. REA’s budget proposal for this year (2025) is excellent.

Advertisement

“If you look at last year, the total budget presentation was about N160bn, but this year, we have over N500bn.  So, our budget allocation for this year is more than good for us. All that is required is for us to go deploy it and start implementation of our projects to deliver on the Renewed Hope Agenda of Mr President,” he stated.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News