Crime
Three State Governors are being watched for Stashed funds – EFCC
Three serving state governors are under monitoring over moves to launder cash through table payment of salaries to workers, the Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, said on Thursday.....KINDLY READ THE FULL STORY HERE▶
Bawa, who did not give the identities of these governors, said two of them were from the North, while the third one was from the southern part of the country.
He said intelligence at the agency’s disposal revealed that the three governors had concluded plans to inject the money into the system through table payment of their state workers’ salaries.
“Let me tell you something; the Intel that I have yesterday and I would want you to take this thing very seriously. Already, some state governors have some of this cash stashed in various houses and the rest are now trying to pay salaries in cash in their state.
When quizzed on whether the commission would summon the said governors, Bawa said they were closely monitoring them.
don’t know how they want to achieve that but we have to stop them from doing that. Well, we are working, they have not paid the salaries in cash yet but it is a very serious thing,” he said, noting that the act was against section 2 of the Money Laundering Prohibition Act.
“The law is very clear regarding cash transactions. Anybody that is to consummate any cash transaction as an individual, if it is not through a financial institution, must not be above N5m and if it is above that it is criminal for you to engage in such transaction. And for corporate entities, it is N10m.
“Yes, I agree the salaries are not up to that but why are you all of a sudden, and all along you have been paying people salaries through their bank accounts and now you want to pay them in cash, what are you trying to do? They will come under a lot of guises, they are trying to do verification of officers, that is what we have gotten,” Bawa added.
The development is coming amid moves by the Central Bank of Nigeria to redesign the naira notes, particularly the N200, N500 and N1000 bank notes.
The CBN had on October 26 announced that the country’s currency would be redesigned to address many issues that had negative effects on Nigeria’s economy.
The Economic and Financial Crimes Commission (EFCC) has apprehended 19 individuals in Benin City, Edo State, for their alleged involvement in internet fraud activities.....KINDLY READ THE FULL STORY HERE▶
According to a statement issued on Monday via the EFCC’s official X (formerly Twitter) account, the arrests were carried out by the Benin Zonal Command on Saturday, April 12, 2025. The operation was based on actionable intelligence that linked the suspects to a series of fraudulent cyber activities.
The EFCC disclosed that several high-value items were recovered from the suspects during the operation, including five luxury vehicles and multiple smartphones believed to have been used in perpetrating the crimes.
“Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Saturday, April 12, 2025, arrested 19 suspected internet fraudsters at different locations within Benin City, Edo State. The arrests were made based on credible intelligence connecting them to cybercrime activities,” the agency’s statement read.
Although further specifics regarding the alleged schemes have yet to be made public, the EFCC has assured that investigations are ongoing, and the suspects will be prosecuted once inquiries are concluded.
This operation is part of the Commission’s broader strategy to combat the rise in cybercrime across Nigeria, a crime trend colloquially referred to as “yahoo-yahoo.”
At least 40 individuals have lost their lives in a renewed wave of violence that struck Zike, a community in Kimakpa within the Kwall district of Bassa Local Government Area, Plateau State.....KINDLY READ THE FULL STORY HERE▶
The assault, which unfolded in the early hours of Monday, left residents in terror as unidentified gunmen invaded the village, indiscriminately opening fire on civilians. Many who tried to escape were tragically caught in the barrage of bullets.
Community leader Wakili Tongwe, speaking to Channels Television, disclosed that he and security agents were patrolling a nearby area when the attack erupted.
“Despite engaging the attackers and pushing them back, the toll was already severe,” Tongwe said. “Thirty-six people died on the spot, and four others later succumbed to their injuries. Several victims are still receiving medical attention.”
This latest incident follows a disturbing trend of violence in Plateau State, coming just two weeks after a similar attack in Bokkos LGA claimed 52 lives.
Plateau’s Commissioner for Information and Communication, Joyce Ramnap, expressed strong condemnation of the act, describing it as “one attack too many” and a threat to the state’s fragile peace.
“It’s devastating to face another tragedy in Bassa, barely weeks after the Bokkos killings,” she lamented. “This appears to be a deliberate attempt to disrupt the peace we’ve been working hard to restore.”
Ramnap urged residents to stay calm and vigilant, affirming that Governor Caleb Mutfwang’s administration remains committed to bringing those responsible to justice.
“The state will deal firmly with any individual or group involved in such barbaric acts,” she assured, warning against retaliatory violence.
As of press time, security agencies had not released an official statement on the latest attack.
The Federal High Court in Abuja has granted bail to Alhaji Sirajo Jaja, the Accountant General of Bauchi State, following his arraignment by the Economic and Financial Crimes Commission (EFCC) over allegations tied to a ₦70 billion fraud.....KINDLY READ THE FULL STORY HERE▶
Jaja was released under the condition that he returns for upcoming court hearings. His arrest and prosecution have sparked speculations of political motivation, especially due to his previous criticisms of federal government policies.
Alongside Jaja, two others were also detained in relation to the case: Aliyu Abubakar, an unregistered bureau de change operator, and Sunusi Ibrahim Sambo, a PoS operator. All are being investigated for their roles in what’s being described as a massive financial scandal.
The case has generated national attention and added to ongoing scrutiny of public officials’ handling of state funds.
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