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EFCC Chairman Says Naira Redesign May Strengthen Currency to N200/$1

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar may appreciate to N200 after the redesign of naira notes.....KINDLY READ THE FULL STORY HERE▶

We quoted Bawa to have said this in an interview with the Hausa service of Deutsche Welle (DW) on Wednesday.

On October 26, Central Bank of Nigeria Governor, Godwin Emefiele, had announced the plan to redesign the N200, N500 and N1,000 denomination of the country’s currency to control money supply and aid security agencies in tackling illicit financial flows.

Bawa commended President Muhammadu Buhari for approving the naira redesign policy.

“The law says the redesigning of naira notes should be done every eight years but we spent 20 years without any changes on them,” Bawa said.

“And that resulted in 85 percent of money in circulation not in banks. When CBN came up with this redesigning, the dollar moved to N880 and later dropped to N680 or thereabouts. So, you see with this redesigning, dollar may massively fall, who knows probably to N200.”

Bawa also denied reports that the action was intended to destroy opposition groups in Nigeria ahead of the 2023 general elections.
“Does just the opposition vote in elections?”
Everyone votes in elections, and there is no political motivation behind this; some people skimmed and hid public monies, which is why we want them to come out,” he stated.
“And nobody says they can’t bring them; the government says they can deposit such money in banks.”
The EFCC chief urged Nigerians to disclose anyone with concealed money to the commission and promised whistleblowers a 5% reward.
“We tell Nigerians that we are always ready to accept reports of any person with suspicious concealed money, and if the reports are verified and confirmed to be real, we would give them 5% of the money,” Bawa stated.

Meanwhile, the EFCC recently arrested an alleged currency speculator in Abuja as part of its continuing campaign to clean up the foreign exchange industry.

Crime

CRIME AND PUNISHMENT: Three Terrorists Condemned To Die By Hanging For Their Atrocities!.

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On Thursday, the Federal High Court in Abuja handed down death sentences to three individuals following their convictions for terrorism-related crimes. These rulings occurred as part of a broader series of terrorism trials, with the defendants receiving their sentences after entering guilty pleas to charges brought by the Federal Government.....KINDLY READ THE FULL STORY HERE▶

The individuals condemned to death by hanging are Danladi Lawal, Abdullahi Mohammed, and Mohammed Gulama Shaibu.

Case Summaries

  • Danladi Lawal (alias Dankawu): Presiding over the case, Justice James Omotosho sentenced the 33-year-old to multiple penalties, including death by hanging, life imprisonment, and additional prison terms, following his guilty plea to a five-count charge. Lawal was accused of abducting an elderly man in Katsina State in 2020 and collecting a portion of the demanded ransom, an act prosecuted under the Terrorism (Prevention Amendment) Act 2013.

  • Abdullahi Mohammed and Mohammed Gulama Shaibu: Justice Salim Ibrahim issued death sentences to both men after they pleaded guilty to their respective terrorism charges. In addition to the death penalty, Shaibu received a sentence of life imprisonment.

  • Additional Convictions:

    • Mohammed Dezami Sherife was sentenced to life imprisonment by Justice Ibrahim across three counts of a ten-count charge.

    • Shamsudeen Muhammad Ibrahim (alias Abu Harira) received a life sentence and an additional 35-year term from Justice Omotosho for supporting the ISWAP terrorist group and failing to report information regarding their activities.

    • Lawi Abubakar Mohammed was sentenced by Justice Emeka Nwite to a cumulative 40 years in prison—running consecutively—with a mandate that he undergo rehabilitation and deradicalization prior to his eventual release.

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Crime

JUSTICE AT LAST: Killer Kidnapper Sentenced To Death After Brutal Murder Of Kogi Hotelier!.

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A Kogi State High Court, presided over by Justice Abdul Nicodemus Awulu, has sentenced Jibrin Halilu to death for his role in the kidnapping and murder of Uche Andrew Offo, a hotel owner in Obajana. Halilu was found guilty of conspiracy and kidnapping, in violation of the Kogi State Kidnapping and Other Related Offences Prohibition Law, 2023.....KINDLY READ THE FULL STORY HERE▶

The incident occurred on March 23, 2023, when Halilu and an armed gang abducted Offo from his hotel, the Everready Hotel. Although Offo’s family paid a ₦2.5 million ransom, he was killed after recognizing Halilu—his own neighbour—among his abductors. Halilu was eventually arrested by the Department of State Services (DSS) on December 4, 2025, and was also linked to the April 2, 2023, kidnapping of Ibrahim Abdullahi in Lokoja, for which a ₦5 million ransom was paid.

This verdict is part of a series of recent major legal successes for the DSS:

  • Owo Church Attack: On June 3, 2026, a Federal High Court in Abuja sentenced four men—Idris Abdulmalik Omeiza, Al Qasim Idris, Jamiu Abdulmalik, and Abdulhaleem Idris—to death for the 2022 terror attack on St. Francis Catholic Church, which resulted in over 40 deaths and 100 injuries.

  • Katsina Arms Courier: Just 24 hours prior to the Kogi ruling, a Katsina State High Court sentenced a female arms courier apprehended by the DSS to death.

Security sources stated that these consecutive convictions serve as a strong message that those involved in terrorism, kidnapping, and violent crime will be held accountable and face the full extent of the law.

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Crime

Shocking Admission: Peter Obi Claims Nigerians Actually Want Rigged Elections.

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Peter Obi, the presidential candidate for the Nigeria Democratic Congress (NDC), has argued that electoral manipulation persists in Nigeria largely because voters fail to remain at polling units to safeguard their ballots. During a recent trip to Washington, D.C., Obi pledged to do everything in his capacity to protect votes leading up to the 2027 general elections. However, he emphasized that the ultimate responsibility for ensuring electoral integrity lies with the citizens, urging them to actively monitor the counting process rather than leaving immediately after casting their votes. Obi stated that if voters insist on monitoring their polling units, their votes will be counted; he criticized the tendency of some citizens to vote and then rely on prayer instead of taking ownership of the electoral process, asserting that Nigeria’s core challenge is a leadership issue.....KINDLY READ THE FULL STORY HERE▶

NDC presidential candidate Peter Obi claims that election rigging continues in Nigeria because citizens do not adequately defend their votes at the polling stations. While promising to work toward protecting the ballot for the 2027 elections, Obi noted that true electoral accountability depends on the public’s willingness to stay and ensure that votes are correctly tallied. He suggested that many Nigerians contribute to the problem by leaving their polling units early and expecting supernatural intervention, reaffirming his view that the nation’s primary struggle remains one of leadership.

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