Crime
How DMBs Are Aggravating Kidnapping Crisis
Accusations are being directed at Deposit Money Banks (DMBs) for exacerbating the nation’s kidnapping epidemic, with claims that these financial institutions play a role in facilitating ransom payments into bank accounts.
Some security experts, with backgrounds in military, intelligence, and policing, emphasize that abductions have evolved into an industry sustained by financial institutions accepting ransoms.
Urgent advice has been extended to President Bola Tinubu and security authorities to take decisive measures to bring an end to this epidemic.
Addressing the complicity of banks in the proliferation of the abduction business, Adamu Kabiru, Managing Director of Beacon Consulting, asserted that banks were actively involved in the collection of ransoms.
During a TVC interview, the security and risk consultant explicitly affirmed that he possessed firsthand information linking two banks to separate kidnap-for-ransom incidents.
He said, “I will shock you today to tell you that in almost all the cases where my company was involved, the money was collected through our banking system, and I say this with a sense of responsibility. In almost all, it was only in very few circumstances that cash was collected and taken to these guys (kidnappers).
“They are so brave and bold that they provide account numbers. Two banks are guilty, and because this is a public forum, I will not mention the banks’ names.
“But of course, if the security agencies are interested and they listen to this, I will be happy to provide it to them if they don’t already know.
He pressed upon financial regulators to fulfill their role by ensuring the thorough implementation of the ‘Know Your Customer’ policy within banks.
Adamu further emphasized “So, even our financial regulators have a responsibility to ensure that banks play the Know Your Customers element very well.
“If they play that KYC element very well, it will be very easy, for instance, to descend on those account numbers and, of course, arrest whoever is the holder of that account. But as of today, that has not been done.” he added
. . . As Operatives Recover Dangerous Weapons, Other Assets
As part of the efforts of the Nigeria Police Force (NPF) to emplace peace and public safety across Nigeria, operatives attached to the Imo State Police Command achieved a significant milestone in the ongoing battle against terrorism.
The feat saw operatives neutralised three deadly terrorist kingpins associated with the Eastern Security Network (ESN), destroyed their camps and recovered weapons.
In a statement on its verified handle on micro-blogging site, X, on Saturday, the NPF wrote, “On January 24, 2025, operatives from the Command’s tactical Unit following credible intelligence launched a coordinated operation aimed at locating and dislodging the terrorist hideouts.
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“The police operatives located the terrorists’ hideout in a forest within Ihube, Okigwe LGA. Upon approach, the operatives came under heavy fire from suspected IPOB/ESN terrorists but demonstrated exceptional courage and engaged the attackers in a fierce gun battle.
“The operation resulted in the neutralization of 6 members of the terrorist group, with 3 being ESN kingpins identified as Ifeanyi Anayo a.k.a. Zuma De Rock (28), Chukwuemeka Odionyenfe a.k.a. Nmimi (22), and Kingsley Sunday (21)— all natives of Ogube, Ihube in Okigwe Local Government Area, and the recovery of five AK-47 rifles, 552 rounds of live ammunition, Improvised Explosive Devices (IEDs), several communication equipment, along with 8 operational motorcycles used by the group.
“Prior investigations had revealed the involvement of the group in several high-profile crimes, including the attack on the Owerri Correctional Center on April 5, 2021, the killing of five policemen in Umunna, Okigwe, on December 12, 2022, and the burning of Arondizuogu Police Station on February 8, 2022.
“The group was also involved in multiple kidnappings, including those of WAEC staff on June 5, 2023, four reverend sisters on August 21, 2022, and four Chinese nationals on December 6, 2023.
“The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM., has commended the gallant operatives for their exceptional display of bravery and coordination.
“The IGP charges police operatives across commands and formations to sustain the tempo and implement the Force’s action plan aimed at reducing crimes drastically in the first quarter of the year 2025.
“The Nigeria Police Force remains unyielding in its goal towards ensuring national security and public safety.
“Members of the public are hereby urged to remain vigilant and work collaboratively with the Nigeria Police Force to promote peace and ensure a safer environment for all citizens.”
The Economic and Financial Crimes Commission (EFCC) has withdrawn the arrest warrant issued against Ezekiel Thankgod, the former manager of renowned gospel singer, Mercy Chinwo.
Biztellers reports that Thankgod is facing allegations of involvement in a $345,000 fraud case.
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The arrest warrant had been issued by Justice Alexander Owoeye of the Federal High Court on January 16, 2025, following an ex parte application by the EFCC seeking to compel Thankgod’s appearance in court.
During a court session on Friday, EFCC counsel, Mrs. Bilikisu Buhari, applied to withdraw the warrant, stating that the charges had already been served on Thankgod’s lawyer, Mr. Monday Ubani, SAN, during open court proceedings.
She argued that the warrant was no longer necessary.
Justice Owoeye granted the application and formally vacated the bench warrant.
Oba Otudeko, Chairman of Honeywell Group, appeared in the Federal High Court in Lagos on Monday to challenge charges of N12.3 billion fraud.
Biztellers reports that the Economic and Financial Crimes Commission (EFCC) had filed a 13-count indictment against Otudeko, along with Olabisi Onasanya, former Managing Director of FirstBank Plc., Soji Akintayo, a former board member of Honeywell, and Anchorage Leisure Ltd.
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During the proceedings, the defendants’ lawyer, Mr. Bode Olanipekun (SAN), raised an objection, stating that the charge had not been properly served to Otudeko or his co-defendants.
Olanipekun emphasized this issue as a reason for protest in court.
The EFCC has accused the individuals and the company of fraudulently obtaining N12.3 billion under false pretenses.
More to follow………..
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