EFCC: Customs Intercept Seven Million CFA At Nigeria To Benin route

EFCC: Customs intercept seven million CFA at Nigeria to Benin route. The area comptroller said that the handover of the seized currency was to foster inter-agency collaboration between the Nigeria Customs Service and the EFCC

The Nigeria Customs Service, Ogun 1 Area Command, on Tuesday, handed over seven million CFA (N17 million) intercepted by its operatives to the Economic and Financial Crimes Commission.

The Area Comptroller, Mohammed Shuaibu, handed over the seven million CFA to the Assistant Commander of EFCC, Head of Investigation, Lagos Zone 2,Oguzi Moses, at Idiroko, Ogun.

He said, “The operatives of the command on duty at outward baggage hall while conducting a search on passenger bag en route Nigeria to Benin Republic on March 20, spotted a bag suspected to be carrying unlawful content.

After a thorough search, it was discovered that the bag contained new mint foreign currency note, comprising the amount stashed in 5,000 CFA denomination which is an equivalent of a total sum of N17 million in Nigerian currency.’’

Mr Shuaibu said that failure to declare cash to the tune of the seized amount runs contrary to the Anti-money Laundering (prevention and prohibition) Act 2022 and the Foreign Exchange (monitoring and miscellaneous Provisions) Act, 1995.

The area comptroller said that the handover of the seized currency was to foster inter-agency collaboration between the Nigeria Customs Service and the EFCC, in line with the policy thrust of our Comptroller-General of NCS, Bashir Adeniyi.

Mr Moses, who received the money, said “I want to commend the NCS for their vigilance and unwavering commitment to safeguarding our nation’s borders.

EFCC

Your professionalism and dedication have once again ensured that illicit financial activities do not go unchecked. As we take over this case, the EFCC will conduct a thorough investigation to uncover the circumstances surrounding this interception and ensure that due process is followed.

Let this serve as a reminder that no effort will be spared in holding accountable those who seek to undermine the integrity of our financial systems.”

He said that the commission remained steadfast in its mandate to combat economic and financial crimes.

According to him, the interception of the money was a testament to the importance of inter-agency collaboration in the fight against corruption, money laundering, and other financial crimes.

EFCC Sets To Prosecute 2 Women For Alleged Naira Hawking In Lagos

EFCC sets to prosecute 2 women for alleged naira hawking in Lagos. The Economic and Financial Crimes Commission (EFCC) is set to prosecute two women arrested on Friday for allegedly hawking naira notes.

“Operatives of the Lagos Directorate 1 of the Economic and Financial Crimes Commission, EFCC, have arrested two suspects for their alleged involvement in Naira abuse,” said EFCC in a statement on Monday.

EFCC Sets To Prosecute 2 Women

The agency said the suspects are “Adeoti Folake and Adewuyi Modupe were apprehended in Lagos on Friday, March 21, 2025 while allegedly hawking Naira notes.”

The anti graft agency stated that they recovered the sum of N3,850.000 and N1,600.000 from the suspects, respectively.

“The suspects will be charged to court upon conclusion of investigations,” the statement said.

EKSU Dismisses 13 Staff Over Misconduct Ahead Of 29th Convocation – VC

EKSU dismisses 13 staff over misconduct ahead of 29th convocation – VC. Ekiti State University (EKSU), Ado-Ekiti, has terminated the appointments of 13 staff members for offences including s3xual misconduct and abandonment of duty.

The Vice-Chancellor, Professor Joseph Ayodele, announced this on Monday during a press briefing ahead of the university’s 29th convocation ceremony.

He emphasized that his administration upholds strict discipline, ensuring staff and students adhere to university regulations.

According to Ayodele, disciplinary measures taken include dismissing three staff for duty abandonment, one for s3xual misconduct, and barring three from holding leadership positions for three years. Additionally, 21 staff members received warnings for various offences.

Meanwhile, the university is set to graduate 16,446 students from the 2022/23 and 2023/24 academic sessions, including 200 first-class graduates.

EKSU

The convocation, scheduled for March 29, will also feature the conferment of honorary doctorate degrees on Senate Leader Opeyemi Bamidele, FIRS Chairman Dr. Zacch Adedeji, and BOI Board Chairman Dr. Mansur Muhtar.

The VC praised Governor Biodun Oyebanji for increasing EKSU’s monthly subvention from N260 million to N410 million, which has helped clear outstanding staff salaries and allowances, boosting morale and academic stability.