Crime
EFCC Boss Olukoyede Charges DNFBPs Against Money Laundering, Terrorism Financing
EFCC Boss Olukoyede Charges DNFBPs Against Money Laundering, Terrorism Financing
EFCC Boss Olukoyede charges DNFBPs against money laundering, terrorism financing. The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede on Tuesday, July 8, 2025, charged the Designated Non Financial Business and Professionals, DNFBPs, not to compromise the fight against anti-money laundering and counter-terrorist financing (AML/CFT) mechanisms by failing to protect their entities from being used for financial crimes.
He made the charge at the opening ceremony of a two -day workshop for the sensitization of DNFBPs on their compliance obligations under the Anti- Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regime with the theme: Effective Implementation of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Measures in the DNFBPs in Nigeria.
According to Olukoyede, the DNFBPs sector from the National Risk Assessment, NRA’s analysis, are the most vulnerable sector to money laundering and terrorist financing.
Assistant Commander of the EFCC, ACE II Musa Giwa Yusuf, who represented the Chairman of the EFCC, said necessary actions are being taken by SCUML and other AML/CFT stakeholders to protect the DNFBPs sector from the vagaries of money launderers and terrorism financiers.
“As you may be aware, the Special Control Unit against Money Laundering , SCUML, is charged with the responsibility to monitor, supervise and regulate the activities of Designated Non-Financial Businesses and Professions , DNFBPs, for the purpose of implementing AML/CFT measures in Nigeria.
According to him, the workshop was one of the outreach programmes designed to create awareness and build capacity for AML/CFT compliance in the DNFBP sector in Nigeria
He disclosed that money laundering and terrorist financing (ML/TF) are financial crimes with significant negative economic and security impacts.
“No economy can grow where money laundering is endemic. Its prevalence distorts macroeconomics policies and endangers the financial system”
“It is without doubt that money laundering and terrorism financing remains a problem in both developing and developed economies of the world”
“The dynamics of this twin evil of money laundering and terrorist financing continue to evolve just as criminals discover more ways of exploiting the vulnerabilities in regulations, standards and operations of some economic sectors to perpetrate money laundering and terrorist financing”, he said.
Olukoyede disclosed that the Financial Action Task Force, FATF, came up with 40 Recommendations which are considered as the international standard for combating money laundering and terrorist financing as well as the financing of the proliferation of weapons of mass destruction (WMD) for countries to implement.
Talking about the workshop, he said “the main objective of this workshop is to sensitize you on your compliance obligations under the Nigerian Anti- Money Laundering and Combating the Financing of Terrorism (AML/CFT) Laws and Regulations and to enhance your knowledge and capacity for effective AML/CFT compliance.
“The workshop is also designed to enhance your awareness and understanding on how your organizations could be abused by money launderers and terrorist financiers to perpetrate their unscrupulous activities”
“The workshop is also designed to enhance your knowledge and capacity for effective AML/CFT compliance,” he said.
In his opening remarks, the Component Manager, ROLAC, Dr Emmanuel Uche, who was represented by Patience Samuel Inyang, the Project Assistant for the Anti-Corruption component of the Rule of Law and Anti-Corruption (RoLAC) Programme, appreciated the EFCC and SCUML for the workshop, describing it as a crucial sensitization workshop on (AML/CFT/CPF).
He said the workshop is a testament to the collective commitment to safeguarding the integrity of the financial system and, by extension, the security and prosperity of the Nigerian nation.
EFCC Boss Ola Olukoyede
According to her, the workshop is designed to equip the stakeholders with the knowledge and tools necessary to effectively combat the threats posed by money laundering and terrorist financing.
She revealed that money laundering and terrorism financing are not mere financial crimes, adding that they are serious threats that undermine national security, fuel corruption, and hinder sustainable development.
“We are gathered here today because we recognize the critical role that each of you plays in the fight against these illicit activities”
She affirmed that the fight against money laundering and terrorist financing is a continuous one, stating that it requires constant vigilance, adaptation, and collaboration.
She called on the stakeholders to work together, with the EFCC and the SCUML, to create a safer and more secure financial system for all Nigerians.
The engagements had in attendance representatives from the Nigerian Bar Association, NBA, Institute of Chartered Accountants of Nigeria, ICAN, Real Estate Developers Association of Nigeria, REDA, Lottery Regulatory Office, and the Nigerian Institution of Estate Surveyor and Valuers.
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.
EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
EFCC Arrests 10 Suspects, Trucks for Suspected Illegal Mining Activities in Kwara
Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested ten individuals suspected of involvement in illegal mining activities along the Ilorin – Ogbomosho axis.
They were arrested on Sunday, February 1, 2026, following credible intelligence on unlawful mineral excavation and transportation in parts of Kwara and Oyo States.
The suspects, comprising nine truck drivers and one escort were intercepted and taken into custody in a well -coordinated sting operation. Solid minerals arrested with the suspects include lithium, tin, and lepidolite.
EFCC Arrests 10 Suspects
The suspects have no requisite licences, permits, or regulatory approvals for their mining activities.
Other items recovered from the suspects are trucks loaded with the unlawfully mined materials.
The suspects will be charged to court upon the conclusion of investigations.
List Of 40 Suspects Detained Over Alleged Plot To Overthrow Tinubu Government
List of 40 suspects detained over alleged plot to overthrow Tinubu Government. Nigerian security agencies have concluded investigations into an alleged coup plot to overthrow President Bola Tinubu’s administration, with at least 40 suspects detained in connection with the conspiracy.
The suspects include senior military officers, a police officer, and several civilians accused of roles ranging from reconnaissance and funding to propaganda.
According to a Premium Times report, the arrests followed a covert intelligence operation coordinated by the Army Headquarters and the State Security Service (SSS).
“Thirteen people were apprehended by the SSS, including two military personnel (one retired), one policeman, and ten civilians,” one source said.
In total, 16 serving military officers were detained for direct involvement, while others were linked to funding and incitement. Two civilians were reportedly recruited to incite civil unrest intended to justify the coup.
According to the online newspaper, one of the detained soldiers was said to have escaped custody but was later rearrested by SSS operatives in Bauchi State, according to insider accounts.
Recall that on Monday, the Defence Headquarters (DHQ) confirmed that the investigation had been completed and forwarded to “appropriate superior authority in line with extant regulations.”
“Findings identified several officers with allegations of plotting to overthrow the government,” the military said, describing the act as “inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”
Sources said authorities are now awaiting presidential approval to constitute a court-martial panel to try the indicted soldiers.
Investigations revealed that the coupists initially planned to disrupt the May 29, 2023 handover ceremony from former President Muhammadu Buhari to President Tinubu, but the plan was shelved due to lack of funds and logistics.
The conspiracy was allegedly reactivated in 2025, after former Bayelsa State Governor Timipre Sylva purportedly transferred nearly ₦1 billion through multiple Bureau De Change accounts to fund the operation.
Sylva and a retired senior officer identified as Major General Adamu, both accused of bankrolling the plot, are reportedly at large.
Security sources said one of the fugitive suspects has been tracked to a South American country, though his precise location remained undisclosed for security reasons.
Investigators also uncovered a chilling plan to assassinate top government officials, including President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and House Speaker Tajudeen Abbas.
“They were waiting for a day when all of them would be in the country. Wherever they were, they would be assassinated,” one source revealed.
The plot allegedly relied on informants inside the Presidential Villa, who monitored the movements of top officials. The conspirators were to seize control of strategic locations such as the Presidential Villa, Niger Barracks, Armed Forces Complex, and Nnamdi Azikiwe International Airport.
Military
Hereunder is the full list of the alleged coupists arrested
MA Sadiq (Brigadier General) Army lHeadquarters Garrison
MA Ma’aji (Colonel) Defence Space Administration
S Bappah (Lt. Colonel) 525 Signal Regiment
AA Hayatu (Lt Colonel) 130 Battalion Main, Ogoja, Cross River State
P Dangnap (Lt Colonel) 134 Special Force Battalion
M Almakura (Lt Colonel) 197 Special Force Battalion
AA Jarma (Lt Colonel) CO, 35 Battalion Katsina
SM Gana (Lt Colonel) 115 Task Force Battalion
AD Dauda (Maj) Armed Forces Command and Staff College Jaji
JM GANAKS (Maj) Armed Forces Command and Staff College Jaji
AJ Ibrahim (Maj) Army Headquarters’ Department of Policy and Plans
MM Jiddah (Maj) 26 Battalion
MA Usman (Maj) 35 Battalion
D Yusuf (Maj) Forward Operating Base Molai (AHQ SG)
J Iliyasu (Maj) 3 Division Garrison
A Mohammed (Maj) 63 Brigade Garrison
DB Abdullahi (Lt Cdr) Naval Base Abuja
SB Adamu (Sqn Ldr) National Counter Terrorism Centre (NCTC)
NG Zuzu (Sqn Ldr) Headquarters, Nigeria Air Force Camp
G Binuga (Captain) 1 NMF Brigade
AA Yusuf (Captain) Nigerian Army of the School of Finance and Administration (NASFA)
1 Bello (Captain) 82 Division Garrison
SS Felix (Lt) 81 Division Provost Group
J Aminu (Lt) Headquarters Directorate of Army Public Relations (DAPR)
Nasiru Ibrahim (WO) 82 Division Garrison
Sanda Usman (Sgt) 167 Special Force Battalion
Mohammed Zubairu (Sgt) 177 Guards Battalion
Momoh Audu (Cpl) 343 Artillery Regiment
Ahmed Ibrahim (Inspector) 24 Police Mobile Force, Presidential Villa
EO Victor (Navy Capt/Rtd) 3 Abraham Avenue off Odili Road, Port Harcourt
Umoru Zekeri Julius Berger, Villa Electrician
Y Nasiru (LCpl) 82 Division Garrison
Sambo Danladi (LCpl) 82 Division Garrison
Abdul Abdullahi (SSgt) 82 Division Garrison
Ali Isah Villa Ambulance Driver
ML Mohammed (Capt) 18 Battalion
UI Yusuf (Wg Cdr) International/Helicopter Flying School, Enugu
IM Gana (Maj Gen Rtd) No 34 A Army Estate, Kubwa, Abuja
Stanley Kingley Amandi Propagandist
Goni Bukar
Security sources confirmed that joint operations involving multiple agencies are underway to dismantle remaining cells and track fleeing suspects. The EFCC and SSS are also interrogating several civilians over alleged roles in funding, logistics, and coordination.
At least 25 military personnel are expected to face trial in connection with the plot, according to sources close to the investigation.
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