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, Nigerian Army Nab 133 Suspects From Abuja ‘Ponzi Scheme Academy’

EFCC, Nigerian army nab 133 suspects from Abuja ‘ponzi scheme academy’. The Economic and Financial Crimes Commission, in a joint operation with the Nigerian Army, on Monday, nabbed 133 suspects from a Ponzi Scheme Academy, in Abuja.

The anti-graft agency disclosed this in a statement on X on Monday.

It read, “Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, March 24, 2025 busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja.

“They were arrested at the Compensation Layout in Gwagwalada area of the Federal Capital Territory, FCT, Abuja, following actionable intelligence on the existence of the Academy.”

The agency said the academy, named Q University (a.k.a Q-Net) is involved in recruiting gullible young Nigerians who they trained to also recruit more gullible people into the scheme with the promise of getting unrealistic profit returns.

“The suspects are enrolled into a training codenamed: “Special Training for New Generation Billionaire” and brainwashed to believe that they would graduate into the league of billionaires.

Nigerian Army

They got into the training by obtaining a form the promoters called “Independent Representative Application Form” with promotional slogans such as: “I’m a Champion”, “I’m Unstoppable”, “I’m Infinity”, among others.

“The EFCC carried out the operation in collaboration with officers and men of 176 Guards Battalion, Nigerian Army. Items recovered from the suspects include phones, computers and other electronic gadgets.”

The agency said all the nabbed suspects will be charged to court as soon as investigation is concluded.

NAFDAC Seals 4 Water Factories Over Poor Manufacturing Practices

NAFDAC seals 4 water factories over poor manufacturing practices. She warned producers in the area to be cautious of producing substandard products.

The National Agency for Food and Drug Administration and Control (NAFDAC)  has invited the operation managers of four table water production factories for failing to meet good manufacturing practice (GMP) standards.

The factories in question include Oral Water and Logistics Limited, producers of Yireh Yaweh Table Water in Jikwoyi, and Le-Starlight Table Water in Jikwoyi, Abuja.

Others include Daraja Table Water and Iris Table Water and Beverages, producers of Siris Table Water, both located in the Karshi, Nasarawa axis of the Federal Capital Territory (FCT).

During its enforcement operations in Abuja on Monday, NAFDAC also sealed and locked the four factories in question.

Wilberforce-Glory Albert, the subunit head of NAFDAC’s Mararaba Office, also known as Greater FCT, explained that the agency initiated the raid due to concerns over the quality of water produced by these factories.

She stated that all the facilities sealed had poor GMP practices, necessitating immediate action to rectify the situation.

Mrs Albert pointed out that several of these factories lacked pallets for stacking their finished products, and some did not have a production manager to ensure GMP compliance.

She also highlighted that some facilities were operating without licenses, lacked proper packaging materials, had no building lights, and had staff that were not properly kitted, all of which contributed to the poor GMP.

“These are the reasons we sealed the facilities and invited them for further investigation at NAFDAC’s office,” Mrs Albert said.

She further disclosed that the raid in this area marked the beginning of broader enforcement actions, as NAFDAC had established a new office to oversee Mararaba, Keffi, Nyanya, Jikwoyi, and Kurudu.

NAFDAC

“This new office falls under the FCT Directorate and is known as “Greater FCT.”
Mrs Albert warned producers in the area to be cautious of producing substandard products, emphasising that the law would catch up with those who continued to operate improperly.

“This raid will continue. We’ve just started, and we won’t stop until these factories comply with GMP standards.

“There is no hiding place for producers of substandard products, everyone must do the right thing, obtain the necessary licenses, and produce under proper conditions,” she stated.

Mrs Albert also revealed that some of the sealed facilities claimed to be registered with NAFDAC but were unable to provide the required documentation, which was another reason for their invitation to the agency.
She urged them to bring all relevant documents to NAFDAC’s office.

The NAFDAC team leader added that the factories would be required to pay for any sanctions imposed by the agency.

“If their licenses had expired, they would also need to pay for renewals and investigation charges.”

NAFDAC emphasised its commitment to investigating and taking action against any other illegal activities being carried out by these factories.