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JUST IN: EFCC Arrests BDC Operators In Abuja; Recovers Over $6 Million

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EFCC has arrested a currency speculator in Abuja and also recovered over $6 million from BDC operators.

 

It was gathered that the arrest was made known by the Commission on its official Twitter handle on Wednesday, November 16, 2022. The alleged currency speculator whose picture was released by the EFCC is also known as Mustapha Naira.

 

 

The commission noted that the arrest was made as part of their effort to sanitise the foreign exchange market, and all shades of economic sabotage.

 

 

The EFCC’s statement: According to the EFCC, Mustapha was arrested on Saturday in the Wuse area of Abuja.

 

“As part of its ongoing operation to sanitise the foreign exchange market and rid it of speculators and all shades of economic saboteurs, the EFCC has arrested one Mustapha Muhammed alias Muaspaha Naira.

 

“He was picked up by operatives of the commission on Saturday, November 12, 2022, at Wuse Zone 4, the hub of parallel market operations in the Federal Capital Territory.

 

“The suspect has made a useful statement while the investigation continues.”

In a related development, News One Nigeria reports that the EFCC said that some Bureau De Change operators who were recently arrested in Lagos, Abuja, and other parts of Nigeria were in possession of over $6 million.

 

The EFCC Chairman, Abdulrasheed Bawa, who made this known while speaking on the Nigerian Television Authority’s (NTA) said that the arrests were part of efforts of the anti-graft agency to sanitise the foreign exchange sector.

 

Speaking on “Sanitizing Ungoverned Operators in the Forex Sector” Bawa who was represented by the Commission’s Director of Operations, Abdulkarim Chukkol, said that the EFCC’s arrest of BDC operators and currency speculators in the parallel market was not indiscriminate but a product of intelligence.

 

The EFCC Chairman said that “At EFCC, we work with intelligence and with other stakeholders; and when we talk of illegal forex operators you cannot just invite people on the street even though sometimes you could, but generally you do not have a choice but to make an arrest.”

 

 

“Some were arrested with excess of $6 Million (Six Million United States Dollars), others with $2 Million (Two Million United States Dollars) and we know that these huge sums were not meant to be used in buying goods but stolen monies being laundered out of the country.”

 

 

The EFCC Chairman noted that the commission did not only recover some of the monies but secured their forfeiture to the Nigerian government while the culprits were prosecuted.

 

 

Bawa also emphasized the need for active inter-agency and stakeholder’s collaboration, pointing out that many of the over 6,000 registered BDCs do not belong to the Association of Bureau De Change Operators of Nigeria and therefore out of the orbit of regulators.

 

The EFCC Chairman said that “The CBN guidelines are clear regarding returns by BDCs, but how many of them do this.”

BIG STORY

Buhari Never Wanted To Congratulate Saraki, Dogara After Emerging Senate President, Speaker — Femi Adesina

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Femi Adesina, who served as Special Adviser on Media and Publicity to the late President Muhammadu Buhari, revealed that Buhari was initially unwilling to congratulate Bukola Saraki and Yakubu Dogara after they controversially became Senate President and Speaker of the House of Representatives in 2015.

Adesina shared this in a tribute to Buhari, reflecting on his early experience as the president’s media aide and the difficulty of balancing loyalty with professional duty.

He explained that the incident happened just nine days after he took up the role of presidential spokesman.

According to Adesina, Saraki and Dogara emerged as leaders of the National Assembly against the preference of the ruling All Progressives Congress (APC).

Although their emergence was viewed as defiant, it still adhered to constitutional norms.

“I told the President we needed to congratulate them. He balked. But I stood my ground. He said no, I also said no. I said it would portray him as undemocratic,” Adesina wrote.

He noted that Buhari later agreed to issue the statement, making only a small addition to the final version.

“At the end of the day, he reasoned with me and the statement was written, with him just adding one word,” he stated.

“Keeping to his word is part of the famed integrity. Argue with me. If you have a better point, I’ll agree with you.”

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BIG STORY

Road To 2027: Everyone Afraid Of Atiku — Dele Momodu Claims As He Joins ADC

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Dele Momodu, the publisher of Ovation International, has said that “everyone is afraid” of former vice-president Atiku Abubakar.

He made this remark while giving reasons for leaving the Peoples Democratic Party, PDP, to join the African Democratic Congress, ADC.

Momodu also confirmed that he would be backing Atiku in the 2027 presidential election.

During an appearance on Channels TV on Thursday, Momodu stated that his endorsement of Atiku stems from a strategic understanding of Nigeria’s political dynamics.

He said: “Everybody is afraid of Atiku, and that is exactly why I, Dele Momodu, support him.

“The fear the ruling party has for him shows he remains the most formidable opposition figure today.

“When everyone is trying to discredit or silence a man, it means he’s the one they truly fear.”

Momodu previously ran for president in 2011 and took part in the PDP presidential primaries in 2022.

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BIG STORY

Lagos Unveils Nigeria’s First Local Government Owned Radio Station [PHOTOS]

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Lagos State Governor Babajide Olusola Sanwo-Olu has officially opened Nigeria’s first local government-owned radio station.

This groundbreaking station, situated in Mushin Local Government, highlights the critical role of information dissemination to the public.

Sanwo-Olu, who was represented by his Deputy, Kadri Obafemi Hamzat, inaugurated the station during the commissioning of various legacy projects implemented by Mushin Local Government Chairman, Emmanuel Olanrewaju Bamigboye, at Oliyide Street, Mushin.

A post on the official Facebook page of the Lagos State Government praised the development, calling it “laudable and worthy of emulation by other Local Government Areas.”

The statement says: “Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has commissioned the first Local Government-owned radio station in Nigeria (Ishokan 106.7 FM), operated by the Mushin Local Government, emphasising the importance of information dissemination to the people.

“The Governor, who launched Nigeria’s pioneering local government-owned radio stations through the Deputy Governor, Dr. Kadri Obafemi Hamzat, today at the commissioning of other legacy projects executed by the Chairman, Mushin Local Government, Hon. Emmanuel Olanrewaju Bamigboye, at Oliyide Street, Mushin, Lagos, said that the launch is laudable and worthy of emulation by other Local Government Areas.

“According to Sanwo-Olu, ‘It’s always good to communicate with our people. So, we must appreciate the Chairman of the Local Government for building these notable projects. First, getting all the federal agencies in one place, so that if you need anything, you are not running from one place to another. Secondly, establishing this radio station, and many other projects, including roads, markets, and others, is a real achievement,’ said Sanwo-Olu, adding the residents should be excited about having such a political party and Chairmen who are commissioning infrastructures that some states cannot do.

“The Governor stated that the State is progressing under the All Progressive Congress (APC) adding that, as roads are being commissioned, Primary Healthcare, Schools, Administrative blocks and so many more are launched. This implies that the party is a progressive one, urging the people to unite and be able to stand on the President’s mandate.

“He reiterated further that to be able to stand on that mandate, every resident must possess a voter’s card, stressing that those who are yet to possess the voter’s card should ensure they go out when the registration process commences, as the prosperity of the nation strongly depends on the reforms and policies of the president.”

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