NEWS
Emefiele: EFCC’s Forex Probe Expands, 20 Banks Targeted
The Economic and Financial Crimes Commission (EFCC) is planning to expand its investigation into the use of foreign exchange by various companies and financial institutions linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Sources close to the Commission revealed that the ongoing probe, which previously targeted corporate offices like Dangote Group, is set to widen its scope to encompass approximately 20 commercial banks alongside some merchant banks.
This extended investigation is expected to cover a span of nine years and will scrutinize the financial activities of these banks, merchant banks, and other implicated companies.
A source noted, “I cannot say how the media got the figure of 52 companies, but they are quite a number. This is a general investigation on the use of foreign exchange in nearly the past nine years and it is not an isolated case targeted at a particular company.
“A whole lot of issues are being looked and the issue of forex is ringing bell because of its implication for the national economy.”
Additionally, the EFCC is reportedly examining the allocation of foreign exchange to acquaintances and associates of Emefiele during his tenure as CBN governor.
Another source disclosed that Emefiele was handed over to the EFCC by the Department of State Services (DSS) in October.
Since then, extensive investigations into his actions during his leadership at the CBN have been ongoing. The current investigation encompasses scrutinizing the roles played by banks, financial institutions, and major forex users during that period.
According to a source familiar with the situation, the limited information released thus far is due to the EFCC’s caution in avoiding any perception of conducting a trial through the media.
The source further stated that the commission is meticulously reviewing all pertinent documents to ensure thorough and conclusive deductions are made before disclosing further details.
A source close to the Commission said, “what is happening is a general investigation into forex allocations under Emefiele. It is not intended to embarrass any corporation or agency,”
NEWS
Kano Businessman’s Daughter Kidnapped After ₦8m Ransom Payment
In a shocking incident on Sunday morning, unknown gunmen suspected to be kidnappers invaded the home of Alhaji Auwal, a prominent businessman, in Garo Town, Kabo Local Government Area of Kano State.
The gunmen, estimated to be around 10 in number, forced their way into the residence, breaking down a door to gain entry.
An anonymous source revealed that the attackers were heavily armed, with three carrying firearms and the rest wielding other weapons.
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They quickly gathered the entire family in one room, instilling fear and panic in the household.
According to the source, Alhaji Auwal pleaded with the assailants to spare his family and agreed to meet their demands.
The kidnappers, who were determined to extort money, received ₦8 million from the family.
Despite this payment, the gunmen took the businessman’s eldest daughter, Zainab, a secondary school graduate, before fleeing the scene.
The whereabouts of Zainab remain unknown, and as of now, the kidnappers have not contacted the family.
This abduction comes just 48 hours after the tragic kidnapping and subsequent murder of former Gombe State Permanent Secretary, Atiku Mu’azu, who was killed by gunmen after a ₦10 million ransom was paid.
The two incidents have left the residents of Kano in shock and fear, prompting calls for increased security measures in the area.
Attempts to reach the spokesperson for the Kano Police Command, SP Abdullahi Haruna, for comment were unsuccessful as his phone remained unreachable.
Authorities have yet to make any official statements regarding the investigation.
International News
Colombia Blocks US Deportation Flights Over Migrant Treatment
In a bold move, Colombian President Gustavo Petro declared on Sunday that he would not allow US deportation flights carrying Colombian migrants to access his country’s airspace.
The left-wing leader took to X (formerly Twitter) to express his strong stance, stating, “The United States cannot treat Colombian migrants as criminals. I forbid entry to our territory to US planes carrying Colombian migrants.”
Petro made it clear that such flights would only be accepted once Washington established a protocol to ensure the “dignified treatment” of deported migrants.
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The president later confirmed in a separate post that he had already turned back US military planes that were en route with Colombian migrants on board, although he did not provide further specifics on the matter.
While AFP sought confirmation from US authorities regarding the blockade of deportation flights, no immediate response was forthcoming.
Petro’s statements come just a day after Brazil’s government voiced similar outrage over the treatment of deported Brazilians.
Brazil condemned the US administration under President Donald Trump, citing instances where Brazilian migrants were deported while handcuffed on flights, describing it as a “flagrant disregard” for their basic rights.
In his remarks, Petro emphasized that he would be open to allowing civilian US flights to transport deported migrants as long as they were not subjected to treatment “like criminals,” signaling a broader call for humane treatment of migrants under international deportation policies.
NEWS
Four Dead, Many Injured As Explosion Rocks Niger State Mining Site
An explosion at a mining site in Sabon Pegi, Mashegun Local Government Area of Niger State, claimed the lives of four individuals and left several others injured on Sunday morning.
The blast occurred as miners resumed operations, sending shockwaves through the community.
While the exact cause of the explosion remains undetermined, local residents have pointed to the poor handling of explosive devices by mining companies as a possible factor.
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The incident has sparked concerns about safety practices within the mining sector.
Community sources confirmed the recovery of four bodies, but authorities fear the death toll could rise.
Investigations are ongoing to establish the cause of the blast and assess the full extent of the damage.
One resident, Aminu, described the chaos that followed the explosion. “The sound was so loud that many of us thought it came from the hydroelectricity dam nearby. People panicked and ran into the bush for safety,” he recounted.
Another community member highlighted the potential role of mining operations in the tragedy.
“Mining companies here frequently use explosives during their activities, and this seems like an operational issue, not something related to terrorism,” the resident said, dismissing concerns about a security threat in the area.
As of the time of reporting, neither the state government nor security agencies have released an official statement regarding the explosion.