Security
ICPC Commence Preparedness for Nigeria’s Mutual Evaluation on Money Laundering, Terrorist Financing
ICPC Commence Preparedness for Nigeria’s Mutual Evaluation on Money Laundering, Terrorist Financing
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced a three-day stocktake meeting aimed at strengthening its institutional preparedness for Nigeria’s forthcoming Mutual Evaluation Exercise on Money Laundering, Terrorist Financing and Proliferation Financing (ML/TF/PF).
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The meeting, which began on Monday, September 14, 2026, is being held at the ICPC Headquarters in Abuja and will run through September 16.
The exercise brings together relevant departments, units and specialised teams of the Commission to undertake a comprehensive review of preparations, assess progress made so far and identify areas requiring further attention ahead of the national evaluation.
The stocktake is also designed to enhance internal coordination and ensure that the Commission is adequately positioned to contribute effectively to Nigeria’s overall preparedness for the Mutual Evaluation Exercise.
The Mutual Evaluation Exercise is an important assessment of a country’s framework for preventing and combating money laundering, terrorist financing and proliferation financing. It examines not only the existence of relevant laws, policies and institutions but also the effectiveness of measures put in place to identify, investigate and prosecute financial crimes and disrupt illicit financial flows.
For Nigeria, the exercise provides an opportunity to demonstrate the effectiveness of its anti-money laundering and counter-financing of terrorism framework, while also highlighting areas where further institutional and operational improvements may be required.
At the ICPC meeting, participating departments and teams are expected to review relevant areas of their mandates, evaluate the level of implementation of existing measures and strengthen the documentation and coordination required to support Nigeria’s response to the evaluation process.
The Commission’s preparations are particularly significant given its mandate to investigate and prosecute corruption-related offences, as well as prevent corrupt practices and strengthen integrity within public institutions.
Effective collaboration among law enforcement, financial intelligence, regulatory and other relevant government agencies remains critical to addressing the complex financial networks that facilitate corruption, money laundering, terrorist financing and other forms of illicit financing.
The three-day stocktake is therefore expected to provide an avenue for ICPC officials to consolidate institutional knowledge, address identified gaps and establish a coordinated approach to issues that may arise during the Mutual Evaluation Exercise.
The meeting will also enable the participating units to take stock of progress and ensure that relevant information, records and institutional processes are properly aligned with the requirements of the evaluation.
The ICPC’s move underscores the importance of institutional readiness in Nigeria’s broader efforts to strengthen its financial crime control architecture and protect the country’s financial system from abuse.

ICPC
As the country prepares for the evaluation, effective implementation of existing measures, inter-agency cooperation and demonstrable enforcement outcomes will remain crucial to Nigeria’s ability to meet international standards in combating money laundering, terrorist financing and proliferation financing.
The stocktake meeting, which ends on September 16, is expected to further strengthen the Commission’s contribution to Nigeria’s national preparedness and reinforce its role in the country’s fight against corruption and other forms of financial crime.
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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
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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Security
Nigerian Air Force Celebrates Nigeria’s 66th Independence Day with Families in Lagos
Nigerian Air Force Celebrates Nigeria’s 66th Independence Day with Families in Lagos
The Nigerian Air Force (NAF) marked Nigeria’s 66th Independence Anniversary with a family-centred celebration at the ATO Field, NAF Base Ikeja, Lagos, bringing together children and families of personnel in an atmosphere of patriotism, unity and camaraderie.
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The Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, represented by the Air Officer Commanding Logistics Command, Air Vice Marshal AA Suleh, joined the celebration and presented gift items to the children. The event, facilitated by the Commander, 651 Base Services Group, Air Commodore MA Imam, featured games, music, cultural displays and other recreational activities.

Nigerian Air Force
The celebration reinforced the NAF’s commitment to personnel and family welfare as a key enabler of morale and operational effectiveness, in line with the CAS Command Philosophy, while reaffirming the NAF’s commitment to standing with Nigerians and contributing to a stronger, safer and more prosperous Nigeria.
Eereporter.com
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