Economy
EFCC Boss Olukoyede Charges Oyo State Govt On Enacting Law Against Terrorism Financing
EFCC Boss Olukoyede Charges Oyo State Govt On Enacting Law Against Terrorism Financing
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged the Oyo State Government to enact a registration law empowering Non-profit Organisations, NPOs, in the state to tackle terrorism financing.
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By enacting the law, the Commission says, regulatory requirements will be followed and proper monitoring mechanisms ensued to guide the operations and activities of the NPOs, such that the sector will not be used as conduit pipe for terrorism financing in Oyo State and Nigeria at large.
Olukoyede gave the charge through the Lagos Zonal Coordinator for Special Control Unit Against Money Laundering, SCUML, of the EFCC and Team Lead for the 2026 National Terrorism Financing Risk Assessment delegation for the Non-profit Organisation Sector in South-West, Nigeria, Assistant Commander of EFCC, ACE 1 Ibinabo Amachree at a three-day Risk Assessment exercise that commenced on Tuesday, September 1, 2026 in Ibadan, Oyo State.
The exercise, focused on collection of data and interactive engagement with the Oyo State ministries, departments and agencies, relevant security agencies and sensitization of non-governmental organisations highlighted the threats, vulnerabilities and unintended consequences within the NPO sector and the need to remain resilient against the spread of terrorist networks in the Southwest.
Olukoyede expressed an urgent need for a law that would ensure stringent registration, monitoring and supervision of NPOs activities to prevent the diversion of humanitarian aid and donations for terrorism financing, noting that the recent kidnapping occurrences across the Southwest region made the risk assessment exercise a vital necessity to tackle the emerging security threat.
While commending the Oyo State Government, the Director of Department of State Services, Oyo State Command, Usman Biu; and the representative of the General Officer Commanding , GOC, of 2 Division Nigerian Army in Ibadan, Brigadier General M.I. Falana for their support and cooperation towards the success of the risk assessment exercise, Olukoyede enjoined the NPOs to continue to support and complement Oyo State government’s efforts in providing basic essential social amenities, humanitarian aid, support vulnerable populations and healthcare services towards achieving effective economic growth in the State.
Furthermore, he urged the NPOs operating in the state to take advantage of the sensitization segment presented by the risk assessment exercise and adopt measures that would protect their activities and resources from being channeled towards terrorism financing. Also, he assured relevant stakeholders of the Commission’s unwavering support towards tackling terrorism financing head on in the country.
In his remarks, the Oyo State Acting Governor, Barrister Bayo Lawal represented by the Secretary to the Oyo State Government, Professor Musibau Babatunde gave the assurance of the state’s continuous support to the EFCC and other relevant agencies conducting the National Terrorism Financing Risk Assessment exercise, noting that terrorist elements are increasingly exploiting crowdfunding, humanitarian interventions and informal financial channels to raise and move funds.
Babatunde stated the Oyo State Government under the administration of the Executive governor, Engineer Seyi Makinde will do the needful to ensure that NPOs are not exploited for terrorism financing in the State.
The Director of Department of State Services, Oyo State Command, Usman Biu acknowledged the significance of the exercise and pledged that the Command will continue to work with Oyo State Ministry of Women Affairs saddled with the responsibility of engaging with the NPOs in the State, adding that, all forwarded lists of registered NGOs to the Command are profiled, vetted and cleared before they began operations as part of the DSS’s mandate.
In his remarks, the General Officer Commanding, GOC, 2 Division Nigerian Army, General Auwalu Mahnuda, represented by the Chief of Staff to the GOC, Brigadier General M.I. Falana expressed appreciation to the EFCC for realizing that the anti-graft agency cannot combat terrorism financing alone, hence reaching out to the relevant stakeholders for their contributions.
He added that the Nigerian military will continue to provide adequate and timely information sharing that will expose any terrorism financing within Oyo State and Nigeria at large.
At the concluding part of the assessment exercise which took place in Ibadan, Oyo State on Thursday, September 3, 2026, NPOs from Lagos. Osun and Oyo States converged and were duly sensitized on the need to comply with the existing policies guiding their activities in the state and to maintain public trust and confidence in the legitimate activities of charitable organizations.

EFCC Boss
The risk assessment exercise demonstrates the Federal Government’s commitment to risk-based supervision and reflects Nigeria’s resolve through the EFCC to remain aligned with international standards in combating terrorist financing.
The 2026 national risk assessment team was drawn from the EFCC, international non-governmental organizations, local non-governmental organisations and both state and federal MDAs across the country.
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Crime
Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers
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.
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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

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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Economy
NNPC Ltd Offers N66 Fuel Discount Throughout the Nation
NNPC Ltd Offers N66 Fuel Discount Throughout the Nation
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has unveiled a nationwide ₦66 fuel discount promotion for customers using the NNPC Fuel App.
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In a post obtained from its X handle on Friday, the promotion, which runs from October 1 to 7, is being held across NNPC stations nationwide as part of activities marking the period.
“The ₦66 Discount Promo is ongoing & the excitement is already happening across our stations nationwide!
“All over Nigeria, our customers are getting in on the action & there’s still time for you to benefit!
The promo runs from 1–7 October on the NNPC Fuel App,” the post read.
NNPC said customers across the country have already begun participating in the promotion, with highlights from the first day showing activities at several stations.
“Keep fueling, keep transacting and keep your eyes on our pages,” the post read.

NNPC
NNPC also shared moments from the first day of the promotion and said more pictures and activities from stations across the country would be released.
The company urged customers not to miss the opportunity to participate before the promotion ends on October 7.
The ₦66 discount offer is available through the NNPC Fuel App during the stated promotional period.
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Economy
President Tinubu Tells EFCC: You Have Justified my Confidence in You
President Tinubu Tells EFCC: You Have Justified my Confidence in You
President Bola Ahmed Tinubu has applauded the efforts and performance of the Economic and Financial Crimes Commission, EFCC, in tackling economic and financial crimes and other acts of corruption in the country, stressing that it has justified the confidence reposed on it.
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He gave this commendation on Friday, October 2, 2026 in Awka, Anambra State at the commissioning of a new Zonal Directorate of the EFCC. The President pointed out that there are evidential proofs of the success of the Commission in convictions, recoveries and other landmark achievements
Represented by Honourable Tajudeen Abbas, Speaker, House of Representatives, Tinubu noted that “supporting the EFCC is not particularly difficult. The agency has consistently demonstrated that the confidence reposed on it is well founded. Without mincing words, the evidential proof of the EFCC’s success speaks loudly in convictions secured, assets and properties recovered”
He affirmed that the strides of the Commission are in tandem with the Renewed Hope Agenda of his administration.
“When we came in three years ago, I highlighted nine major focal areas of my administration. Two of which are reforming the economy for sustained and inclusive growth and promotion of good governance. The anti-graft agency compliments this agenda as they are focused on accountability and transparency and appropriate deployment of resources”, he said.
At the commissioning, the Executive Chairman of the EFCC, Mr. Ola Olukoyede restated the commitment of the Commission to preventive frameworks in tackling economic and financial crimes and other acts of corruption in the country.
According to him, the Commission will continue its focus on making corrupt practices difficult by blocking avenues through which they may happen.
“This new Directorate will not only enforce the law professionally and courageously, it will be high on corruption prevention. It will engage government institutions, businesses, financial institutions, professional bodies, schools, markets, civil society organisations, traditional institutions, religious bodies and communities. It will educate stakeholders, build relationships and mobilise the people to own the fight against all forms of corrupt practices in the zone”, he said
He assured Nigerians that the EFCC would not relent in the pursuit of its mandate, recalling the achievements of the Commission in the last 34 months and describing them as impressive progress.
“The pursuit of our mandate has been our dominant engagement and in the past few years, we have made impressive progress. Between October 2023 and July 2026, the Commission received 49, 673 petitions, investigated 39, 615 cases, filed 14, 476 cases in court and secured 10, 872 convictions. This gives a conviction-to-filing ratio of 75.1 percent. In the first half of 2026 alone, we recorded 1, 370 convictions from 1, 889 filings. The Commission also recorded recoveries of N1, 233, 612, 040, 411. 11, $684, 478, 457. 32, £373, 905. 78, €9, 343, 803. 66 inn addition to recoveries in other currencies”, he said.
He noted that at the institutional level, the Commission has made radical reforms that have been yielding optimal results as there are consequential improvements in the agency’s processes and procedures, which partly explains the impacts the EFCC has made and will continue to make in all the matrices of law enforcement.
“Reforms that have strengthened the Commission during the period include new guidelines on arrest and bail, a review of sting operations, the establishment of the Department of Fraud Risk Assessment and Control, the Security Department, the Immigration and Visa Section and the Cybercrime Rapid Response Centre”, he said.
While charging Ndi Anambra on whistleblowing, the anti-graft czar said that the Commission has established channels through which members of the public can submit petitions and provide information. He noted that the Commission’s Eagle Eye App allows citizens to provide details of suspected wrongdoing and makes the provision of an informant’s personal details optional. “However, whistleblowing must be responsible and based on facts. It must not become an instrument for settling scores”, he said.

EFCC
He thereafter said that Anambra and Imo States deserve effective and responsive institutional presence as they are renowned for enterprise, innovation, commerce and an extraordinary culture of industry, adding that these legitimate activities must be protected from fraud, cybercrime, money laundering, investment fraud, diversion of public resources and other forms of economic and financial crimes. “Therefore, our coming to Awka is beyond geographical expansion. It is about taking the mandate of the EFCC closer to the people and closer to the economic activities we are meant to protect”, he said.
In their remarks, His Excellencies, Professor Chukwuma Soludo, Governor of Anambra State and Senator Hope Uzodinma, Governor of Imo State said that they were pleased with the activities and management of the EFCC under the leadership of Olukoyede. They pledged their support to the Commission as it opened a new Zonal Directorate in their domain.
The commissioning of the new Directorate witnessed massive turn out of distinguished Nigerians, including members of the National Assembly, civil society organisations, community leaders, students, media among others.
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