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CBN Unveils Compliance Department For Cybersecurity, Anti-money Laundering

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CBN

CBN Unveils Compliance Department For Cybersecurity, Anti-money Laundering

CBN unveils compliance department for cybersecurity, anti-money laundering. The Central Bank of Nigeria (CBN) has announced the establishment of a new compliance department to strengthen oversight of non-prudential risks in the country’s financial sector.

In a circular to regulated financial institutions on Thursday, the apex bank said the department was created in the first quarter (Q1) of 2025 and became operational in the second quarter (Q2).

“This structural reform forms part of the Bank’s broader efforts to consolidate and embed regulatory effectiveness within existing supervisory frameworks, clarify institutional responsibilities, and maintain focused oversight of non-prudential and emerging risks,” CBN said.

With its creation, the apex bank said the compliance department has taken over responsibilities in four key areas.

“Financial crime supervision, covering anti-money laundering (AML), counter-terrorism financing (CFT), counter-proliferation financing (CPF), and sanctions compliance,” CBN said.“Market conduct supervision, including disclosure practices, complaints management, and advertising standards;

“Enterprise security supervision covering cybersecurity, data protection, and third-party risk management; and corporate governance and ESG supervision focusing on board effectiveness and oversight of environmental, social and governance (ESG) oversight.”

CBN

CBN

The financial regulator further said all regulatory reports, correspondence, and related inquiries concerning the matters should be directed to the director, compliance department, through the established communication channels.

The apex bank added that institutions will receive direct guidance on specific points of contact and submission procedures.

CBN said it looks forward to continued cooperation from all institutions to ensure a smooth transition and to uphold the highest standards of compliance with applicable regulatory requirements.

Crime

Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers

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Troops Destroy 56 Illegal Refining Sites

Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers

The Nigerian Navy, through FOB BONNY, has dismantled an illegal refining site discovered in Promise Land Community along Nanabie Creek, Bonny Local Government Area of Rivers State, further denying criminal operators the infrastructure required to process stolen crude oil.
Eereporter.com

The site was discovered on 30 September 2026 following credible intelligence and comprised one large cooking pot and 3 large storage tanks intended for illegal refining activities. On 2 October 2026, the Commanding Officer, FOB BONNY, Captain SMC Umeh, led a team to the location, where the illegal refining site and associated equipment were destroyed in accordance with established regulations.

The intervention represents a further disruption of illegal refining capacity within the Bonny area, particularly by removing infrastructure that could be used to process and store stolen crude oil. It also follows recent operations by FOB BONNY under Operation DELTA SENTINEL that uncovered substantial volumes of suspected stolen crude oil and associated illegal refining infrastructure within its Area of Operations

Troops Destroy 56 Illegal Refining Sites

Oil

The Nigerian Navy has continued to strengthen surveillance and monitoring across the area to prevent the establishment or reactivation of illegal refining sites and deny criminal operators the infrastructure required to sustain crude oil theft and related activities.

ABIODUN FOLORUNSHO

Navy Captain

Director Naval Information

Nigerian Navy
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Nigerian Police Foil Bandit Attack in Sokoto, Recover Rocket Launchers

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Police

Nigerian Police Foil Bandit Attack in Sokoto, Recover Rocket Launchers

The Sokoto State Police Command has foiled an attempted bandit attack on Tsabre community in Isa Local Government Area, recovering two rocket launchers and other items abandoned by the fleeing attackers.
Eereporter.com

The incident occurred around 1am on Friday when the armed men reportedly invaded the village and opened sporadic gunfire, causing panic among residents.

The Police Public Relations Officer, Ahmad Rufa’i, disclosed this in a statement issued on Friday.

He said the Divisional Police Officer in Isa, upon receiving a distress call, immediately mobilised tactical teams, including operatives of the Anti-Kidnapping Unit and Violent Crime Response Unit, to confront the attackers.

According to him, the police engaged the bandits in a gun battle, forcing them to retreat into a nearby forest.

“The tactical teams engaged the hoodlums in a fierce gun duel that lasted for some time. Due to the superior firepower and tactical positioning of the police operatives, the bandits were overpowered and forced to escape into the nearby forest with their casualties,” Rufa’i said.

He added that the police subsequently combed the surrounding bushes and recovered two rocket launchers and two empty AK-47 magazines.

Other items recovered included a Techno keypad phone without a battery, a touch light, an Army jungle hat, a sweater cap, five pairs of sandals and a rain jacket.

The Commissioner of Police, Hayatu Shaffa, commended the officers for their swift response and courage during the operation.

Shaffa reaffirmed the command’s commitment to protecting lives and property across the state.

Police

Police

He also urged residents to remain vigilant and promptly report suspicious persons and activities to the police.

The CP further appealed to residents to report anyone with suspected gunshot wounds seeking medical attention to the nearest police station, as efforts continue to track the fleeing attackers.
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Navy Rescues 2 Kidnapped Victims, Recovers Stolen Outboard Engines in Akwa Ibom

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Navy

Navy Rescues 2 Kidnapped Victims, Recovers Stolen Outboard Engines in Akwa Ibom

The Nigerian Navy has rescued 2 kidnapped victims and recovered several stolen outboard engines during an operation against sea robbery and kidnapping in the Ibeno general area of Akwa Ibom State on 30 September 2026.
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The operation followed credible information on the activities of suspected sea robbers and kidnappers targeting fishermen and forcibly taking away fishing boats and outboard engines. In response, the Nigerian Navy Ship JUBILEE Maritime Quick Response Team, Ibeno, swiftly mobilised to the area to counter the threat.

During the operation, the naval team encountered 2 boats suspected to be operated by the criminals, prompting the occupants to flee into adjoining creeks. In the ensuing pursuit, the suspects abandoned one of the boats containing several stolen outboard engines and the 2 kidnapped victims, who were immediately rescued by the naval team and escorted to safety. The recovered outboard engines were secured for verification and further necessary action, while efforts are ongoing to locate and apprehend the fleeing suspects.

The successful operation underscores the Nigerian Navy’s sustained commitment to Search and Rescue (SAR), the protection of lives and the security of legitimate maritime activities across Nigeria’s waters. Through its network of ships, bases, surveillance systems, maritime quick response teams and other operational elements, the Nigerian Navy continues to maintain a presence across the maritime domain, enabling timely responses to distress situations and emerging security threats.

Navy

Navy

The operation also demonstrates the importance of credible intelligence and community support in enhancing maritime security. The Nigerian Navy therefore encourages coastal communities, fishermen and other maritime stakeholders to continue providing timely information that could assist in preventing criminal activities and responding rapidly to persons in distress.

The Nigerian Navy remains resolute in safeguarding Nigeria’s maritime domain and will continue to sustain proactive patrols, Search and Rescue operations, and intelligence-driven interventions aimed at protecting lives and property while denying criminal elements freedom of action in the nation’s waterways.
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