News
EFCC Boss Olukoyede Warns NPOs Against Being Used For Terrorism Financing
EFCC Boss Olukoyede Warns NPOs Against Being Used For Terrorism Financing
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has cautioned Non-Profit Organisations, NPOs, across the country to guide against infiltration by terrorist networks that seek to exploit the sector for acts of terrorism against the state.
He gave the warning in Abuja on Tuesday, March 10, 2026 at the launch of the National Terrorist Financing Risk Assessment, NTFRA, for NPOs.
Speaking through his Chief of Staff, Mr. Michael Nzekwe, the EFCC’s boss appreciated the crucial roles NPOs are playing in Nigeria’s socio-economic framework, noting that they continue to provide humanitarian aid, support vulnerable populations, promote education and healthcare, and assist the government in delivering essential social services.
He further stressed that, for their sterling roles, NPOs are recognized by the Financial Action Task Force, FATF but cautioned that, without appropriate safeguards, they could be susceptible to exploitation for terrorist financing. While appreciating the contributions of NPOs in helping Nigeria exit the FATF’s grey list in 2025, he pointed out that, “it is therefore crucial to protect the integrity of this significant sector, not only to ensure national security but also to maintain public trust and confidence in the legitimate activities of charitable organizations.”
Olukoyede explained that the initiation of the NTFRA for the NPO sector signifies another essential advancement in solidifying achievements already made, asserting that the current assessment will offer an evidence-based comprehension of the nature, extent, and factors contributing to terrorist financing risks within the sector. He noted that it will inform the creation of appropriate and risk-based regulatory and supervisory measures.
While seeking the buy-in of stakeholders in the NTFRA, he stressed that, “your cooperation, transparency, and contributions will be vital in ensuring that this risk assessment accurately mirrors the realities of the sector and fortifies Nigeria’s overall AML/CFT framework. With that said, it is my honor and privilege to officially launch the National Terrorist Financing Risk Assessment of the Non-Profit Organization Sector in Nigeria,” he said.
The Minister of Budget and Economic Planning, Senator Abubakar Atiku Baguda, expressed gratitude to the EFCC and SCUML for uniting civil society organizations, describing the initiative as crucial in the battle against money laundering and terrorist financing. He urged all attendees to take the event seriously, emphasizing that their efforts and commitment are crucial. He reiterated the necessity for strong collaboration and knowledge sharing, adding that it would create a substantial impact in the fight against economic crimes.
“Your commitment to fostering transparency, accountability, and community involvement is admirable, and it is uplifting to witness civil society and government collaborating closely to enhance financial integrity in our country”, he said.
The Director of the Special Control Unit Against Money Laundering, SCUML, Deputy Commander of the EFCC, DCE Harry Erin, appreciated all the stakeholders for their commitment to enhancing the integrity, transparency, and accountability of the NPO sector in Nigeria. While applauding NPOs for their crucial roles in national development, he noted that the NTFRA will allow Nigeria to reassess changes in the terrorism financing risk profile of the NPO sector since the last evaluation in 2023, with the intention of refining the existing risk-based supervisory approach to align with current realities, considering the significant progress made in the sector since the previous assessment.
“At the Special Control Unit Against Money Laundering (SCUML), we are dedicated to collaborating with the NPO sector, government agencies, and development partners to ensure that the regulatory framework is supportive, transparent, and in accordance with international best practices.
I therefore urge all stakeholders present here today to engage actively in this risk assessment process. Your contributions, data, and experiences will be essential in ensuring that the results of this exercise accurately reflect the realities of the sector and facilitate effective policy development” , he said.

EFCC
Director of International Non-Governmental Organizations (INGOs), Nigeria Forum, Mr. Ndubisi Emeka Anyanwu, commended SCUML for the initiative to review the 2022 NTFRA of the NPOs. According to him, the periodic review of national risk assessments is a vital best practice, adding that it demonstrates institutional commitment to risk-based supervision and reflects Nigeria’s resolve to remain aligned with international standards in combating terrorist financing.
Expressing active support for NTFRA, “we would like to reiterate, on this occasion, the Nigeria INGO Forum’s commitment to ongoing and proactive collaboration with SCUML and the EFCC. As the coordination platform for 55 international NGOs operating in Nigeria, NIF is ideally positioned to act as a reliable intermediary between the regulatory community and the wider non-profit sector”.
Economy
NNPC Ltd reduces petrol price to N1,130/litre in Lagos, N1,165/litre in Abuja
NNPC Ltd reduces petrol price to N1,130/litre in Lagos, N1,165/litre in Abuja
The Nigerian National Petroleum Company (NNPC) Limited has dropped the price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja.
On Wednesday, TheCable observed that the price dropped by N100 from N1,230 per litre in Lagos and by N95 from N1,260 per litre in Abuja.
In Lagos, the oil firm reduced the price of petrol to N1,130 per litre at its outlets at Isheri Oshun road, Apple Junction, and Ago Palace Way.

NNPC Ltd reduces petrol price
In Abuja, NNPC reduced the product’s price to N1,165 per litre at its outlets in Jabi and Wuse.
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News
Akpabio Tells Nigerians: “Hold Your Lawmakers Accountable”
Akpabio Tells Nigerians: “Hold Your Lawmakers Accountable”
Akpabio tells Nigerians: “Hold your Lawmakers accountable”. President of the Senate, Godswill Akpabio, on Tuesday urged Nigerians to hold their elected representatives accountable and actively engage lawmakers on issues affecting their communities, stressing that democratic governance thrives when citizens participate meaningfully in the legislative process.
Akpabio stated this while delivering his address at the resumption of plenary in the Nigerian Senate after a brief adjournment that allowed various committees to carry out legislative assignments.
He also described the Senate as a “workshop of solutions” rather than a mere arena for political debates, insisting that the upper legislative chamber remains committed to addressing the nation’s pressing challenges through deliberate policy actions.
Addressing the chamber, Akpabio said, “The Senate is not merely a theatre of debate; it is a workshop of solutions. Where social media magnifies the noise of the moment, the Senate addresses the substance of the problem. Where the digital arena stirs emotion, the legislative process pursues resolution.
“I therefore encourage Nigerians everywhere: engage your representatives. Bring your concerns to those whom you have entrusted with the responsibility of speaking on your behalf. For it is through the instrument of representation that grievances are transformed into policy and concerns into action.”
The Senate President further highlighted the importance of citizen engagement in a democracy, noting that lawmakers are elected to represent the interests and concerns of the people.
He said, “We assemble once again in this Senate after our brief adjournment, which enabled our committees to carry out important legislative work. Yet we do so with the full knowledge that while legislatures may adjourn, the life of a nation never pauses.
The burdens of governance do not take leave. The task of representation lies at the very heart of the democratic enterprise. Representation is not an abstraction written only in constitutional language. It is a living covenant between the people and those whom they elect to speak in their name.”
He also acknowledged the growing influence of social media in shaping public discourse but emphasised that legislative processes remain essential in translating public concerns into concrete policy decisions.
The former Akwa Ibom governor also drew attention to the significance of the national budget currently before the National Assembly, describing it as a key policy instrument that reflects the country’s development priorities and aspirations.
“Among the pressing matters before this chamber stands the national budget — that great ledger of national purpose in which the hopes of millions are translated into the language of public policy. A budget is more than figures on paper. It is a declaration of national intention.
“It tells our citizens where we choose to invest our energies, what priorities we pursue, and what future we seek to build,” he noted.
His remarks come as the National Assembly of Nigeria resumes legislative activities with the consideration of major national issues, including the 2026 Appropriation Bill, constitutional amendments and other policy reforms expected to shape the country’s governance landscape.
Reflecting on Nigeria’s current challenges, Akpabio urged lawmakers to remain focused on delivering solutions that will strengthen institutions and improve the lives of citizens.
“Nigeria stands today at a moment that calls for clarity of purpose and steadfastness of spirit. The challenges before us are real. But history teaches us that great nations are not built by those who shrink from difficulty; they are built by those who confront it with courage and determination.

Akpabio
“We must therefore ensure that public resources are deployed in ways that promote development, strengthen institutions, expand opportunity, and uplift the lives of our citizens,” he stated.
The Senate President concluded by calling on senators to place national interest above political differences as deliberations resume.
“Let us debate with vigour but act with wisdom. Let us differ in opinion but remain united in our duty to the Republic. For above all our political differences stands a higher obligation — the obligation to serve Nigeria faithfully and to secure for our people a future worthy of their sacrifice and hope.”
News
Just In: Nine Senators Defect To ADC
Just In: Nine Senators Defect To ADC
Just In: Nine Senators defect to ADC. Nine senators on Thursday announced their defection from their various parties to the African Democratic Congress (ADC).
Five of the senators dumped the Peoples Democratic Party (PDP), three left the Labour Party (LP), and one from the All Progressive Grand Alliance (APGA).
The defectors from PDP are Senators Dauda Yaroe, Lawal Usman, Ogochi Onawe, Aminu Tambuwal and Austin Akubondu.

ADC
Eight of the senators who dumped the PDP and LP cited leadership crises in their parties for their defection.
However, Senator Eyinnaya Abaribe said he dumped APGA because the party sacked him in September 2025.
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