NPF Uncovers ₦713.9m Bank Fraud Syndicate, Arrests Suspects

The Nigeria Police Force, through the Police Special Fraud Unit (PSFU), has recorded a major breakthrough in the fight against financial crimes with the uncovering of a sophisticated fraud syndicate responsible for the diversion of over Seven Hundred and Thirteen Million, Nine Hundred Thousand Naira (₦713,900,000) from customers’ accounts.

The development followed a complaint from a financial institution in Nigeria, which reported a series of unauthorized debits linked to security breaches associated with a third-party platform.

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Acting on the complaint, operatives of the PSFU deployed advanced investigative and digital forensic techniques, which revealed that fifteen (15) customers’ accounts were compromised, with funds swiftly funneled through a network of accounts in a coordinated laundering operation.

The operation led to the arrest of two suspects, Oguntoyinbo Olawale and Kazeem Omokayode.

Further investigations established that the suspects conspired with one Linda, a Chinese national currently at large, to use personal identification details, including Bank Verification Number (BVN), National Identification Number (NIN), and other credentials, to open multiple bank accounts across various financial institutions. These accounts were subsequently used to receive, conceal, and launder illicit proceeds.

The suspects currently in custody will be arraigned before a court of competent jurisdiction, while efforts are being intensified to apprehend other members of the syndicate still at large.

Police Arrests

The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc(+), NPM, commended the officer of the Police Special Fraud Unit for their efforts and reaffirmed the commitment of the Nigeria Police Force to combating financial and cyber-enabled crimes.

DCP ANTHONY OKON PLACID, psc(+), mnipr, mni,Force Public Relations Officer, Force Headquarters, Abuja, 6th May 2026

NAF Collaborates With Ministries Of Agriculture, Livestock To Enhance Food Security

In a strategic move to align national defence with Nigeria’s agricultural transformation agenda, the Nigerian Air Force (NAF) has expanded its non-kinetic operations through engagements with the Federal Ministry of Agriculture and Food Security and the Federal Ministry of Livestock Development.

The engagements highlighted the growing recognition that food security is critical to national security, while also advancing the objectives of NAF Farms Limited, the Air Force’s flagship agricultural initiative.

Representing the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, the Chief of Civil-Military Relations, Air Vice Marshal Edward Gabkwet led the delegation, which included the Managing Director of NAF Farms Limited, Air Vice Marshal Abdulrasheed Kotun, and other senior officers of the NAF Civil-Military Relations Branch.

At the Federal Ministry of Livestock Development, the CAS commended the Honourable Minister, Alhaji Idi Mukhtar Maiha, for the Ministry’s progress in advancing the National Ranching Policy, livestock partnerships and National Livestock Centres.

He noted that collaboration with the Ministry would support the expansion of modern NAF livestock farms through access to improved breeds, veterinary services and specialised training in animal husbandry and agrotech. In response, the Minister described the initiative as strategic and forward-looking, while also commending the NAF’s contributions to national security and stability.

Similarly, at the Federal Ministry of Agriculture and Food Security, the CAS lauded the Honourable Minister, Senator Abubakar Kyari, for interventions aimed at stabilising food prices, expanding dry-season farming and strengthening food reserves.

NAF, Ministries Of Agriculture

He also sought support for integrating NAF Farms Limited into national agricultural programmes, particularly in mechanised farming, improved seedlings and fertiliser access.

Senator Kyari assured the delegation of the Ministry’s support, while both Ministries confirmed plans for technical cooperation and policy integration to position NAF Farms Limited as a strategic non-kinetic platform for boosting food production, supporting livelihoods and complementing ongoing counter-insurgency efforts through sustainable national development initiatives.

War Against Corruption: EFCC, Lebanon Move to Deepen Collaboration

The EFCC and the Republic of Lebanon, through its Consulate General, have reaffirmed their commitment to strengthening bilateral collaboration to tackle corruption, money laundering, and other economic and financial crimes.

The renewed commitment was announced in Lagos on Wednesday, May 6, 2026, when the Acting Zonal Director of Lagos Zonal Directorate 1, ACE I Adebayo Adeniyi, received the Consul General of Lebanon, Mansour Chaya, on a courtesy visit to the EFCC’s Lagos Zonal Directorate 1. Speaking during the visit, the Consul General who commended the Commission’s unwavering commitment to sanitizing Nigeria’s economic environment, said the engagement was aimed at fostering stronger cooperation and establishing a more structured bilateral relationship with Nigeria and the Commission in combating financial crimes.

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“We want to work with you and collaborate more closely. We want to take this relationship to the next level by building stronger bilateral ties.

EFCC, Lebanon

The new government of the Republic of Lebanon has zero tolerance for corruption, and we are committed to abiding by regulations and legislations put in place to combat money laundering and other financial crimes across all sectors,” he said.