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EFCC Summons Dangote Group Officials Over Nine-Year Forex Transactions Probe (Details)
The Economic and Financial Crimes Commission (EFCC) has called upon certain officials from the Dangote Group to appear in Abuja, bringing detailed records of foreign exchange transactions conducted by the conglomerate over the past nine years….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

As part of an ongoing investigation into the alleged misuse of foreign exchange allocations by the former Central Bank of Nigeria governor, Godwin Emefiele, EFCC operatives conducted a search at the headquarters of Dangote Industries Limited in Ikoyi, Lagos, on Thursday. The focus of the inquiry is the suspected preferential allocations of foreign exchange to the Dangote Group and 51 other companies during Emefiele’s tenure at the CBN.
While some documents were taken during the search on Thursday, not all transactions were covered. Consequently, the EFCC has summoned Dangote Group officials to bring the remaining documents to Abuja on Tuesday.
It has been reported that Aliko Dangote, the owner of the conglomerate, was not in Nigeria when the EFCC operatives visited, as he was reportedly in the United States. However, sources suggest that he is aware of the anti-corruption agency’s demands and plans to return to Nigeria next week to address the matter personally.
The EFCC official, speaking anonymously, clarified that the commission’s intention is to gather evidence and details on the allocation of government funds and not to engage in a witch-hunt.
A Dangote Group official confirmed that key personnel are currently compiling the requested documents to demonstrate the company’s compliance with the investigation. Despite already sending some documents to the EFCC headquarters in Abuja, the company expressed shock over the search of its Lagos office.
The company maintains its commitment to cooperation with the investigation, emphasizing its lawful business operations and denouncing the EFCC’s actions as an attempt to embarrass the company.
The raid on Dangote Industries followed the company’s denial in November 2023 of allegations involving forex malpractices and money laundering facilitated by Emefiele. The company refuted claims of involvement in illicit financial flows, stating that its investment undertakings adhere to international standards.
The EFCC’s search of Dangote’s headquarters reportedly began around 3 pm on Thursday and lasted several hours. The commission has directed 51 firms, including Dangote Group, to submit Form A and Form M detailing forex allocations between 2014 and June 2023. While some companies complied, others requested additional time to gather the necessary documents.
The Special Investigator on the CBN and Related Entities, Jim Obazee, submitted a report to President Bola Tinubu, alleging that Emefiele mishandled public funds and engaged in fraud. Emefiele denied the accusations, describing the investigation report as false and misleading.
The EFCC is specifically investigating preferential foreign exchange allocations made by Emefiele, alleging a violation of financial rules and regulations and the CBN Act. About 51 other companies are also under scrutiny for similar practices. The commission claims that these allocations were not approved by the former President Muhammadu Buhari, suggesting an attempt to launder money through forex and Bureau De Change operators.
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Systemic Harassment? Rights Groups Slam Repeated Detention Of Critic Okey Ndibe!.
Nigerian writer and columnist Okey Ndibe has announced his release from the Department of State Services (DSS) following his detention at the Murtala Muhammed International Airport in Lagos. Ndibe shared the update via a Facebook post on Tuesday, expressing his gratitude to the friends and well-wishers who reached out after the news surfaced.....KINDLY READ THE FULL STORY HERE▶
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The author was held by DSS operatives for over three hours at the airport.
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Despite the circumstances, Ndibe noted that the officers involved remained professional and courteous during the entire process.
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Following his release, he acknowledged receiving numerous calls from supporters worldwide and assured everyone that he is in “excellent spirits”.
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He indicated that he plans to return more calls in the near future while emphasizing how much he appreciates the public’s concern and gestures of friendship.
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“It’s Obi Or Nothing!” Pat Utomi Breaks Silence On 2027 Strategy And Presidential Ambitions!.
Former presidential contender Pat Utomi has commended Peter Obi for his decision to leave the African Democratic Congress (ADC) and join the Nigerian Democratic Congress (NDC). Following his departure from the ADC, Peter Obi was formally nominated as the NDC’s presidential candidate. At the party’s recent convention, Obi received the party flag and introduced Rabiu Musa Kwankwaso, the former Kano State Governor and Kwankwasiyya movement leader, as his running mate for the 2027 election.....KINDLY READ THE FULL STORY HERE▶
In an interview with ARISE Television, Utomi explained that remaining in the ADC would have left Obi “trapped,” noting the controversial nature of that party’s presidential primary. Utomi highlighted that other aspirants, including Chibuike Amaechi and Mohammed Hayatu-deen, had rejected the primary results and lodged complaints. Consequently, Utomi described Obi’s exit as a strategic and intelligent decision.
Regarding the broader political landscape, Utomi remarked:
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While polling indicated that Obi would have won within the ADC, the prospect of the party leadership permitting a transparent process was doubtful.
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He argued that the general management of primary processes across the political spectrum renders them a “complete farce”.
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He further criticized these events as “make-believe” democratic processes, where candidates are often imposed upon the party.
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Desperate Rescue Mission: DHQ Launches High-Stakes Operation To Save Abducted Ex-Defense Spokesman And Wife!.
The Defense Headquarters (DHQ) has mobilized intelligence assets in response to the kidnapping of Major General Rabe Abubakar (retd.), a former Director of Defence Information, and his wife in Katsina State. The couple was abducted this past Saturday by suspected terrorists in the Matazu Local Government Area. According to a senior military source, troops are currently working around the clock to secure their safe release.....KINDLY READ THE FULL STORY HERE▶
Following the incident, the Katsina State Commissioner of Police, Ali Umar Fage, visited the scene and ordered the deployment of additional personnel and resources to bolster the search-and-rescue mission. Law enforcement authorities have emphasized that they are intensifying efforts to ensure the victims are rescued unhurt and that the perpetrators are brought to justice.
Details of the Attack The Katsina State Police Command provided a formal account of the incident:
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The attack took place at approximately 11:00 a.m. on May 30, 2026, along the Karaduwa-Matazu Road in Matazu LGA.
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Armed individuals intercepted a red Peugeot 406 saloon carrying the victims.
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The driver, identified as Abdullahi Sa’id, was shot in the right arm during the assault but was later secured and evacuated for medical care by the Divisional Police Officer and responding operatives.
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Major General Rabe Abubakar (retd.) and his wife, Amina Abdullahi, were taken by the attackers to an undisclosed location before security forces could arrive.
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The couple had been traveling from Abuja to Katsina to observe the Eid al-Kabir celebration when their vehicle was intercepted.
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