Pass Unexplained Wealth Bill; EFCC Chairman tells National Assembly
Pass Unexplained Wealth Bill; EFCC Chairman tells National Assembly
The Chairman, Economic and Financial Crimes Commission (EFCC) Mr Ola Olukayode, has urged the National Assembly to pass the Unexplained Wealth Bill pending since the 9th Assembly.
Olukayode made the appeal at the ongoing National Conference on Public Accounts and Fiscal Governance, organised by the Senate and House of Representatives Public Accounts Committees.
The News Agency of Nigeria (NAN) reports that the theme for the three-day conference is “Fiscal Governance in Nigeria: Charting a New Course for Transparency and Sustainable Development.”
He said there were evidences of people living above their means and there was no clear-cut law holding them accountable.
“In the last three weeks, we started a commission-wide investigation into the extractive industry, particularly the oil and gas sector. What we have discovered is mind-boggling.
“And we have only just opened the books. So much more corruption is to be unraveled. If this is what we’re seeing at the surface, imagine what lies beneath.
“There is a very strong connection between the mismanagement of our resources and insecurity.
“When you look at banditry, kidnapping, terrorism, trace it back, and you will find a pattern of corrupt practices and diversion of funds that were meant to improve people’s lives.
“Help me pass the Unexplained Wealth Bill. I’ve been begging for the past one year. This same bill was thrown out in the last Assembly. If we don’t make individuals accountable for what they have, we’ll never get it right.
“Someone has worked in a ministry for 20 years. We calculate their entire salary and allowances. Then we find five property , two in Maitama, three in Asokoro. Yet we’re told to go and prove a predicate offence before we can act. That is absurd,” he said.
The EFCC boss urged all Nigerians to put aside creed, politics and ethnic sentiments to block revenue leakage and save the economy of the country.
Olukayode said that Nigerians should not fail to take advantage presented by President Bola Tinubu’s administration to block revenue leakage as it could spell doom for the country.
According to him, no amount of capacity will be able to recover half of the resources stolen from Nigeria as many host countries are not willing to repatriate.
He said that the best option was to prevent corruption saying that failure to do so, corruption would kill the country.
In his remarks, the Director-General, Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, decried persistent inefficiencies and violations in Nigeria’s budget and project implementation process.
He said that uncoordinated and underfunded capital projects had become a conduit for corruption and fiscal irresponsibility.
Adedokun stressed the urgent need to overhaul Nigeria’s project funding model and enforce accountability through judicial sanctions.
The BPP boss warned that projects should not be allowed to commence without adequate funding.
He described the practice of allocating paltry sums to multi-billion-naira projects as a deliberate invitation for budget variations and corruption.
Adedokun revealed that in recent months, the Bureau discovered some contracts were awarded and executed without any financial backing, a practice he described as “contrary to law” and “endangering the 2024 budget cycle.”
“There are projects worth ₦10 billion or ₦5 billion, but what I see is that only ₦300 million is allocated. Already, it tells me that I’ll be asked for appropriation again, or to incure variation. That is wasteful and unacceptable.
“In global standards, a project must already have funding from start to finish before execution. But here, people just award contracts without funds, and that’s a clear violation of the procurement act.
“If we are serious about stopping waste and corruption, we must start monitoring at the beginning of the budget cycle. Not after projects have failed or funds have been misused,” he said.
He urged all fiscal oversight bodies, including the EFCC, Fiscal Responsibility Commission, and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to begin their monitoring from the very start of the budget cycle, not midway or after funds had been disbursed. (NAN) (www.nannews.ng)
News
Wanted terror suspect arrested by Soldiers during market raid
Troops of the Nigerian Army have arrested a suspected terrorist commander, Kachalla Halilu, during a targeted operation at the Shinkafi Weekly Market in Zamfara State.
The suspect was apprehended by personnel of the 8 Division Garrison after intelligence reports indicated his presence at the popular market, according to counter-insurgency publication Zagazola Makama.
Sources said the troops acted swiftly on the information, moving into the area and arresting the suspect without incident.
Items recovered from Halilu at the time of his arrest included a motorcycle, a mobile phone, a cap and livestock drugs.
“The troops responded promptly to the intelligence report and successfully arrested the suspect during the operation,” sources familiar with the operation said.
According to Zagazola Makama, the suspect has been handed over to military intelligence operatives for further interrogation and investigation, alongside the recovered items.
The arrest forms part of ongoing military offensives targeting terrorist and bandit networks operating across Zamfara State and other parts of the North-West region.
Security sources said investigators are working to establish the full extent of Halilu’s alleged involvement in terrorist activities and to uncover possible links to other criminal elements operating in the area.
News
Suspects seen in viral video dressed in Militariy camouflage displaying AK-47 rifles arrested
Suspects seen in viral video dressed in Militariy camouflage displaying AK-47 rifles arrested
The Federal Capital Territory (FCT) Police Command has arrested three suspects featured in a viral social media video showing individuals dressed in military camouflage and displaying AK-47 rifles.
The arrests followed an investigation launched after footage of suspected bandits carrying weapons and walkie-talkies circulated widely online.
Speaking at a press conference in Abuja on Friday, the Commissioner of Police, Ahmed Muhammed Sanusi, said he ordered an immediate forensic examination of the video and directed security operatives to identify and apprehend those involved.
According to him, digital forensic analysis and intelligence gathering led operatives of the FCT Police Command’s VCRU Sector 5 and personnel from the Zuba Division to a hideout in Runji Village, Zuba, where the suspects were apprehended on May 25.
“I directed operatives of the FCT Police VCRU Sector 5 and personnel from Zuba Division, led by the Divisional Police Officer, CSP Ogu Caleb Ikechukwu, on a coordinated operation at Runji Village, Zuba, on the 25th of May, 2026, where three suspects featured in the videos were arrested at their hideout,” Sanusi said.
The suspects were identified as Umar Babangida, Adamu Yeti and Yahaya Idris, all residents of Rijana in Kaduna State.
Police investigations revealed that the suspects had previously been in possession of AK-47 rifles allegedly supplied by a suspected gang leader known as “Esco,” who remains at large.
The commissioner said further searches uncovered additional incriminating materials on the suspects’ mobile phones.
“Further investigations also led to the recovery of additional videos and photographs from the suspects’ mobile phones showing them dressed in military camouflage while brandishing AK-47 rifles and carrying walkie-talkies,” he said.
Items recovered during the operation include an AK-47 rifle loaded with 30 rounds of live ammunition, eight mobile phones, two jackknives, power banks, and several photographs and video clips allegedly showing the suspects posing with firearms while wearing military-style uniforms.
News
Terrorism: Police operatives arrest wanted amunition supplier
Terrorism: Police operatives arrest wanted amunition supplier
The Police Command in the Federal Capital Territory (FCT), says it has arrested a wanted alleged notorious supplier of logistics and ammunition to bandits, kidnappers and terrorists.
The Commissioner of Police in charge of the FCT, Mr Ahmed Sanusi said this during a news conference on Friday in Abuja.
Sanusi said the suspect who had been on the wanted list of the command since 2023, was arrested following a strategic intelligence-led operations by operatives of the command.
According to him, the suspect was tracked and arrested on Tuesday while on transit along the Abuja-Kaduna highway.
He said that 81 rounds of 7.62mm live AK-47 amunition and 100 rounds of 7.62mm belted amunition for a General Purpose Machine Gun (GPMG) were revovered from the suspect during the operation.
The CP also said that the arrest of the suspect who had also been on the wanted list of other security agencies in several North Central states also led to the arrest of his sister.
“The arrested sister of the suspect, happened to be the wife of another wanted bandit, terrorising, Kaduna and Niger States and currently at large.
“She has also been involved in the supply of ammunition to her brother for onward sale to terrorists and bandits,” the FCT commissioner of police said.
He added that preliminary investigations had linked the suspects to a network of logistics and ammunition suppliers supporting bandit and terrorist groups operating in Kaduna, Niger, and border communities in the FCT.
Sanusi also disclosed that the operatives of the command had in similar vein arrested two suspects over “one chance” robbery.
He said the arrest of the suspects was in line with the sustained efforts of the command to rid the FCT of violent crimes like “one chance” robbery.
Sanusi said the suspects were arrested by operatives of the command, attached to the Violent Crime Response Unit (VCRU) while on routine anti-crime patrol along Giri-Lugbe road on May 15.
He said the operatives had observed a young lady crying for help.
“Upon inquiry, she informed the operatives that she had just been robbed by suspected ‘one chance’ operators who dispossessed her of her valuables before abandoning her.
“Responding swiftly, the team immediately launched a hot chase and intercepted a blue Volkswagen golf vehicle with Reg. No SKK 567 AG conveying the two suspects.
“During a search of their vehicle, one laptop, one iphone, one laptop charger, two knives and scissors were recovered,” he said.
The CP pledged the committment of the command to proactive policing and ensuring the safety and security of FCT residents.
He urged residents to remain vigilant and promptly report suspicious persons, movements, or activities to the nearest police station or to the the command through its emergency lines.(NAN)
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