NEWS
Army Busts Boko Haram Supply Network, Arrests Four Terror Logistics Suspects
The Nigerian military has recorded another breakthrough in its counter-insurgency campaign after troops of the Joint Task Force North-East, Operation HADIN KAI, arrested four suspected logistics suppliers linked to Boko Haram and the Islamic State West Africa Province (ISWAP) during separate intelligence-led operations in Yobe and Borno states.
The operation also led to the interception of 20 suspected family members of Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS) terrorists who were reportedly fleeing sustained military offensives in Borno State.
The Acting Military Information Officer, Headquarters Joint Task Force (North-East), Operation HADIN KAI, Capt. Mohammed Goni, disclosed the development in a statement issued on Tuesday.
SEE ALSO: Justice at Last: Boko Haram Member Sentenced to Death for 2015 Maiduguri Terror Attack
According to Goni, troops of the 159 Battalion under Sector 2 arrested two suspected Boko Haram collaborators during a cordon-and-search operation in Geidam, Yobe State, following credible intelligence.
“Preliminary investigation revealed that the suspects allegedly supplied hard drugs and other logistics to Boko Haram terrorists, thereby facilitating insurgent activities,” the statement said.
Items recovered from the suspects included suspected Indian hemp, mobile phones, power banks, scissors, knives, torchlights, lighters, cigarette rolls, Pregabalin capsules, Piscof syrup, identity cards, ATM cards and ₦14,530.
In a separate operation conducted around 3:30 p.m. on the same day, troops of Sector 3 Garrison, in collaboration with the 242 Reconnaissance Battalion, arrested two suspected ISWAP logistics suppliers in Monguno, Borno State, after sustained surveillance of terrorist supply routes.
Goni said the suspects confessed during preliminary interrogation that they were transporting food items and other supplies to ISWAP fighters operating in Kwatan Dowoshi Village, Kukawa Local Government Area.
“During preliminary interrogation, the suspects confessed to conveying food items and other supplies to ISWAP terrorists operating in Kwatan Dowoshi Village, Kukawa Local Government Area,” he stated.
Recovered exhibits included 11 cartons and 192 sachets of assorted biscuits, one carton of Peak milk, 10 mudu of sugar, nine bars of Viva soap, six headlamps, two bags and 16 rolls of sachet garri, three packs of lighters, two Tecno button phones, one assault knife, one charm belt, four prayer beads, six packs of herbal medicine and ₦6,600.
In a related development, troops of the 222 Battalion intercepted 20 suspected family members of JAS terrorists during a routine patrol along the Gezuwa axis in Konduga Local Government Area of Borno State.
The military said the group comprised nine women, two men, eight female minors and one male minor, who reportedly fled their enclave following intensified military operations.
“During preliminary investigation, they disclosed that they escaped from Gezuwa after a military offensive against their settlement. The individuals have since been handed over to the 21 Military Intelligence Regiment for further profiling and necessary action,” the statement added.
The military said all arrested suspects and recovered exhibits had been handed over to the appropriate Military Intelligence units for further investigation.
It added, “These successful operations underscore the effectiveness of Operation HADIN KAI’s intelligence-driven approach in disrupting terrorist logistics, dismantling support networks, and denying insurgents access to critical supplies.”
The military reaffirmed its commitment to sustaining pressure on Boko Haram and ISWAP insurgents, while urging members of the public to continue providing timely and credible information to security agencies to support ongoing counter-terrorism operations across the North-East.
The much awaited Africa’s largest Initial Public Offering by the Dangote Petroleum Refinery and Petrochemicals (DPRP) has been formally flagged off on the Nigerian Exchange (NGX).
President and Chief Executive Officer, Dangote Industries Limited (DIL), Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.
The transaction marks a significant milestone for Nigeria’s capital market, as the DPRP becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.
READ ALSO: Dangote Refinery Opens Landmark IPO Today
The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.
Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.
Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.
The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.
At the ceremony, Dangote highlighted that the public offer was part of a broader effort to expand public participation in owning his companies.
“We will lease every company that we operate,” he said.
The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and captains of industry.
The Securities and Exchange Commission (SEC) has warned prospective investors against fraudsters, fake platforms and unauthorised individuals seeking to take advantage of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).
The Commission issued the warning in a public notice dated Monday, September 14, 2026, following its approval for the IPO by Dangote Petroleum Refinery and Petrochemicals FZE to open to the public.
The SEC urged investors to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents, subscription channels and platforms.
ALSO READ: Dangote Calls Refinery IPO ‘People’s IPO’ as N2.15tn Offer Opens
The Commission advised prospective investors to obtain information about the IPO only from the SEC’s official channels, the issuer’s official channels and other official channels established and approved for the offer.
It also urged investors to verify the authenticity of any website, platform or link before providing personal or financial information.
According to the SEC, investors should follow only the officially announced subscription or application process and IPO timetable and should “Avoid transferring funds to any person or entity claiming to receive applications/subscriptions outside the approved channels.”
The Commission further advised investors to verify that their chosen registered Capital Market Operator’s channels or platforms for the offer are duly authorised and approved.
The SEC also warned investors to “Avoid responding to unsolicited calls, WhatsApp messages, social media advertisements, emails or other channels/platforms that offer or guarantee allotments or preferential allocation.”
The regulator urged prospective subscribers to carefully read the approved Prospectus and understand the terms, conditions and risks associated with the investment before making any subscription.
SEC warns against fake IPO agents
The Commission stressed that the existence of an individual, company, digital platform or social media account does not, by itself, constitute approval or authorisation to receive applications or funds from investors in respect of the offer.
The SEC therefore advised prospective investors to contact SEC-registered stockbrokers, banks or registered Investment advisers for guidance before subscribing.
The Commission also urged the public to “VERIFY” the registration status of companies, entities, platforms or individuals offering investment opportunities before entering into any transaction with them.
Investors can verify the registration status of operators through the SEC’s dedicated portal for registered fintech operators or through the Commission’s Capital Market Operators platform.
The warning comes as the Dangote Petroleum Refinery and Petrochemicals IPO officially opens on Monday, September 14, 2026, following the Commission’s approval.
The Commission listed its contact details as +2342094621168-9 and [email protected], while its WhatsApp contact is 0916 772 3240.
The SEC urged investors to remain vigilant and rely only on verified and authorised channels throughout the IPO process.
Investor demand for the Dangote Petroleum Refinery and Petrochemicals initial public offering (IPO) has reached a historic level, with subscription activity surging across digital investment channels.
Data released by the Nigerian Exchange (NGX) on its official X handle on Monday showed that total transaction volume had surpassed 402,634, pushing the total subscription value to ₦1,476,171,994,112, approximately ₦1.476 trillion.
The figures, displayed on the #NGXInvest command centre dashboard, highlight the strong appetite among investors for the landmark offering.
More details shortly.
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