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Mass abductions return, 145 missing in four days

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Nigeria is witnessing a resurgence of mass abductions as at least 145 people have been kidnapped in Kebbi, Niger and Zamfara states in the past four days.

The resurgence of mass kidnappings raises familiar political and security alarms as the country gears up for the 2027 polls.

In the run-up to the 2023 general elections, abductions were rampant.

A report by The PUNCH showed that between January and March 2023 alone, 792 people were abducted across Nigeria.

Many of these incidents were tied to banditry and criminal gangs, especially in the north.

However, as the political parties are warming up for the 2027 elections, there appears to be a resurgence of the situation.

In the early hours of Monday, armed men stormed the Government Girls Comprehensive Secondary School, Maga, in Danko/Wasagu Local Government Area of Kebbi State, abducting 25 female students and killing a staff member.

A school guard was also injured during the attack, which occurred early in the morning.

The Nigeria Police Force, in a statement shared via its WhatsApp channel, confirmed the incident, noting that police tactical units deployed within the school engaged the attackers but the gunmen escaped with the abducted students.

The police said additional tactical teams, in collaboration with the military and vigilantes, have been deployed to comb suspected bandit routes and nearby forests in a bid to rescue the victims and arrest the perpetrators.

“On November 17, 2025, at about 0400hrs, a gang of armed bandits with sophisticated weapons stormed the school, shooting sporadically.

“The police tactical units engaged them in a gun duel, but the bandits had already scaled the fence and abducted 25 students. One Hassan Makuku was shot dead, while Ali Shehu sustained an injury to his right hand, “ the statement partly read.

The force spokesperson, Benjamin Hundeyin, could not be reached for more information on the incident.

But the Commissioner of Police, Kebbi State Command, Bello Sani, reiterated the command’s resolve to protect residents and urged the public to remain calm and support ongoing operations.

The Kebbi incident came just two days after at least 16 vigilante members were killed and 42 residents kidnapped in seperate attacks by bandits in the Mashegu Local Government Area of Niger State.

Also, on Saturday, bandits attacked Fegin Baza village in the Tsafe Local Government Area of Zamfara State, killing three persons and abducting at least, 64 others.

In another attack on Sunday, bandits launched a fresh assault on Tsohuwar Tasha village in the Ruwan Doruwa Ward of Maru Local Government, abducting 14 people, including 11 women and three children.

Recent reports by Daily Trust indicates that communities in Zurmi, Shinkafi, Maradun, Tsafe and Bungudu LGAs of Zamfara State have faced repeated assaults in recent months, leading to displacement and the imposition of levies and ransoms by armed groups.

Swift rescue pledged

The Federal Government expressed deep concern over the abduction of the female students from Government Girls Secondary School, vowing to ensure their safe return.

This was contained in a statement signed by the Minister of Information and National Orientation, Mohammed Idris, on Monday.

Idris noted that President Bola Tinubu, has reiterated that protecting every Nigerian, especially schoolchildren, remains a solemn responsibility of the state.

The government condemned the attack on the school, describing it as “reprehensible” and decried the killing of school officials who were carrying out their duties.

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He added, “Our security and intelligence agencies have been issued clear directives to locate, rescue, and safely return the students, and to ensure that the perpetrators face justice.

“The Federal Government will not relent until this objective is achieved.

“We assure Nigerians that strengthening internal security remains a top priority. The Federal Government is recalibrating the nation’s military, policing, and intelligence capabilities to more effectively prevent these attacks and respond with greater speed and precision whenever threats arise.”

The minister further stated that government is intensifying collaboration with regional partners through the Economic Community of West African States, the African Union, and the Multinational Joint Task Force to secure the  borders and dismantle terrorist and criminal networks.

Meanwhile, the Nigeria Police Force and the military have launched an intensive search-and-rescue operation to recover the abducted students.

Minister condemns attack

The Minister of Defence, the Minister of State for Defence, Bello Matawalle condemned the attack on the Kebbi school, describing it as “totally unacceptable.”

In a statement issued in Abuja on Tuesday by Enderline Chukwu, Assistant Director (Information & Public Relations), on behalf of the Director of Information & Public Relations of the ministry, the minister said the president had directed all security agencies to urgently coordinate efforts to locate and secure the release of the abducted students.

“The government, led by President Bola Tinubu, has directed that the state’s security apparatus swing into immediate action to ensure the abducted students are released unharmed, “ he added.

The statement added that the minister urged security forces to work collectively to rescue the victims and bring the perpetrators to justice.

Matawalle also appealed for calm in the affected communities, advising residents to go about their normal activities while government and security agencies work to resolve the situation.

Atiku, PDP react

Meanwhile, former Vice President Atiku Abubakar and the People’s Democratic Party have condemned the Kebbi school attack as well as other abduction cases.
In a statement posted on his Facebook, the former VP said he was devastated by the news of the tragic attack on Government Girls Comprehensive Senior Secondary School, Maga, in Kebbi State.

He said, “This is yet another reminder of the worsening insecurity in our nation.
I equally condemn the killing of an APC chieftain, Umar Moriki, and the mass abductions in Tsafe LGA of Zamfara, where entire families, including women and children, were taken by bandits. These acts of barbarity have no place in a civilized society.
Similar tragedies continue to unfold in Plateau, Benue, and other states, where communities are being torn apart by violence. In Shanono LGA of Kano, residents are fleeing their homes in fear, highlighting a national security challenge that has reached intolerable levels.”

He added, “Nigeria cannot continue on this path. I call on the Federal Government to urgently review and strengthen its security architecture, deploy adequate personnel across vulnerable communities, and intensify intelligence-led operations. Our citizens deserve protection, dignity, and peace—nothing less.”

Also, the PDP, in a statement issued on Monday by its National Publicity Secretary, Ini Emomobong, faulted the Federal Government for what it described as its inability to curb the escalating wave of insecurity across the country.

See also  Commissioner reveals why Kano deputy governor should resign

“This tragic incident further highlights the alarming rise in insecurity that has become the lived reality of the majority of Nigerians under the Tinubu-led APC administration, which has consistently preferred the politicisation of governance over the protection of citizens,” the party said.

It added that any government that fails in its primary duty of protecting lives and property must accept responsibility and confront the crisis head-on, “rather than act aloof or attempt to deflect from the core issues, as this administration has repeatedly done.”

The PDP condoled with the parents of the abducted students, the family of the slain Vice Principal, as well as the staff and management of the school and the Kebbi State Government.

The party noted that beyond the “deeply troubling” Maga school attack, similar abductions had recently taken place in Nasarawa, Plateau, Kano, and Katsina states — a trend it said was at odds with the promises made to Nigerians.

It urged President Bola Tinubu to devote urgent and adequate attention to security, saying the repeated tragedies must be halted.
“Do we need a foreign country to threaten the government before it acts? Let the killings stop,” the statement added

Security experts speak

Speaking on the rising wave of kidnappings ahead of the 2027 polls, security analyst and a retired Commissioner of Police, Emmanuel Ojukwu said the run-up to elections in Nigeria often witnesses a spike in politically motivated abductions.

He said, “In the build-up to elections in Nigeria, it is not uncommon to record a spike in the incidences of abductions. Some political actors may want to disroganise the camp of their opponents, distract their strategies or to plainly discomfit and embarrass them.

“A number of such abductions end up on a sad fatal note, either as payback or to finally nail the coffin on the aspiration of opponents. “

He added that elections are sometimes treated as a do-or-die contest where “almost everything is weaponised, including human lives.

Ojukwu stated, “Elections are often viewed as a kind of do-or-die battle, and almost everything is weaponised, including human lives. In the stiff competition and rivalry, human lives become pawns and dispensable, so long as victory is assured. And so, an abduction is proof of superiority of one group over the other, as the abductee is rendered impotent and comatose.

“Again, the law enforcement apparatus is usually overstretched in election periods such that many details in their operation order are missed or neglected.”

But retired Commissioner of Police Ladodo Rabiu rejected the idea that elections alone explain the rise in kidnappings, stressing that insecurity has become deeply rooted and continuous.

“It’s not always during elections. If you are current with what has been happening, insecurity across Nigeria is growing — especially in our area here in the Northwest. And these kidnappings have never stopped elections from holding.

“Check the electoral laws. They have their own provisions for conducting elections even when there are kidnappings and other security issues. I’ve witnessed many elections; despite insecurity, elections were still carried out.

“The problem is that during campaigns, insecurity becomes a talking point. But in my opinion, it’s not only elections — politics in general is taking advantage of the insecurity.

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“I have a fear, and I always express it. The government is trying its best to fight crime, particularly kidnappings. Security agencies are trying too. But my question is: why are we still experiencing insecurity here and there? Some parts of the country are negotiating with bandits; others are fighting them and dealing with capital offences.

“I don’t have a problem with negotiation, but many areas are not covered in these negotiations. For example, negotiating with bandits while leaving them with their arms — government should not allow that.

“Government must restrategise. It should come up with proper policies and measures. When I served in Angola under the United Nations, we adopted what is called integration — reintegrating criminals or bandits and making them members of society.

“There was the use of both kinetic and non-kinetic measures. You journalists, in your investigative work, should also try to find out why the government is doing certain things at a particular time and yet insecurity persists.

“I know there are problems here and there. Government is not fully taking care of security agencies. There is corruption and politics within the security system. But these issues can be addressed; they can be dealt with.”

On the way forward, Rabiu admonished the government to be more serious.

“Security agencies must be empowered. Members of the public must also play their part. Security is not the responsibility of government alone — it is everybody’s business.There are layers of security we can adopt. That is it.”

On his part, Retired Assistant Inspector-General of Police Wilson Inalegwu called for a comprehensive strengthening of Nigeria’s security architecture, emphasizing local-level policing, community partnerships, and empowerment of security personnel as key strategies to combat rising insecurity across the country ahead of the elections.

While acknowledging the successes of federal security operations, Inalegwu stressed the importance of addressing local-level challenges.

He noted that local government security committees and community policing initiatives are critical for detecting and responding to threats.

“Even, if we have five million security personnel, they cannot do it alone. Winning the confidence of the public is key. If people give information and nothing comes of it, they lose trust.”

He also advocated greater coordination across all layers of the security apparatus, from the National Security Council to state and local government committees.

According to Inalegwu, effective communication and trust between communities and security forces are essential in tackling insecurity.

On manpower, Inalegwu warned that the police force is severely understaffed.

“You see police stations whose personnel should be 200 or 300 officers, but there are only 50 or 60 officers. If you can’t secure your divisional headquarters, how do you put personnel on the streets?” he asked.

The former AIG further directed  attention to the Special Constabulary provision under the Police Act 2020, suggesting that trained and agile community vigilantes could be converted into officially recognised special constables, paid stipends, and integrated into divisional police structures to strengthen operational capacity while preventing abuses.

 He noted, however, that governors and subnational leaders often resist this approach due to fears over control.

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Crime

Olukoyede revealed EFCC recovers N1.23tn, $684m, secures 10,872 convictions

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The Economic and Financial Crimes Commission recovered N1.23tn, $684.47m and other foreign currencies in proceeds of crime and secured 10,872 convictions in the first 34 months of Ola Olukoyede’s tenure as chairman.

Olukoyede disclosed this on Monday while presenting his three-year stewardship report at the EFCC headquarters in Abuja.

He said the commission received 49,673 petitions between October 2023 and July 2026, investigated 39,615 cases and filed 14,476 cases in court, resulting in 10,872 convictions.

According to him, the figures represented a 75.1 per cent conviction-to-filing ratio.

The EFCC chairman added that the commission secured 1,370 convictions from 1,889 filings in the first half of 2026 alone.

He said the results reflected a prosecutorial strategy focused on investigation, evidence gathering and courtroom outcomes.

Olukoyede said the commission had remained focused on ensuring that its anti-corruption mandate translated into tangible economic value for Nigerians.

“Our approach has been anchored on properly focusing our mandate in the overall interest of Nigerians, using the anti-graft war to stimulate economic growth, strengthen the rule of law, improve transactional credibility, enhance Nigeria’s image and attract foreign direct investment,” he said.

Giving a breakdown of the recoveries, Olukoyede said the commission recovered N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66 between October 1, 2023 and June 30, 2026.

He said about N397.26bn, representing 33 per cent of the naira recovery, constituted direct recoveries for the Federal Government, while N836.34bn, representing 67 per cent, comprised indirect recoveries made on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims.

He said the figures showed that two out of every three naira recovered by the commission were recovered for beneficiaries other than the Federal Government.

“Recovery is only meaningful when the value is ultimately returned to the public interest or rightful beneficiaries,” Olukoyede said.

He disclosed that N661.32bn and $492.37m had been released to beneficiaries during the period under review.

The naira releases included N325.35bn paid directly to individuals and corporate bodies, while N335.97bn was released to ministries, departments and agencies, the Nigerian Revenue Service, state internal revenue services and other public institutions, companies and individuals.

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Olukoyede said the commission was working towards making restitution faster, more transparent and more efficient.

The EFCC chairman also disclosed that more than 40 personnel of the commission had been dismissed over corruption and financial malpractice during his tenure.

He said more than five of the affected officers were currently being prosecuted.

Olukoyede said the commission could not effectively fight corruption while tolerating corrupt practices within its own ranks.

“You can’t be fighting corruption when your hands are soiled with corrupt practices,” he said.

He disclosed that the commission had renamed its former Internal Affairs Department as the Department of Ethics and Integrity as part of measures to strengthen internal accountability.

Olukoyede also said the EFCC had introduced policies on gifts and hospitality, conflict of interest and exhibit-room security.

On the changing nature of financial crimes, the EFCC chairman said the commission recorded 46,288 offences across nine major crime typologies between 2024 and 2026 year-to-date.

He said advance fee fraud and cybercrime accounted for nearly two-thirds of the recorded offences.

Olukoyede added that recorded offences increased by 24.1 per cent between 2024 and 2025, with significant increases in procurement fraud, bank fraud, cybercrime and economic-governance offences.

“The trend demonstrates that the EFCC’s responsibility extends beyond the prosecution of high-profile corruption cases,” he said.

According to him, the commission was increasingly focused on protecting ordinary citizens, businesses and institutions from fraud, cyber-enabled crimes and other forms of economic exploitation.

Olukoyede said the commission had intensified enforcement against money laundering, unlicensed bureaux de change, illegal mining, virtual assets and terrorist financing.

He said 920 specialised cases resulted in 212 convictions, while several other investigations and prosecutions remained active.

The commission also recorded 234 cases involving bureaux de change and secured 73 convictions during the period.

Olukoyede said enforcement against unlicensed BDC operations complemented regulatory reforms by the Central Bank of Nigeria and was aimed at promoting a more formal and transparent retail foreign-exchange market.

He said the objective was also to close channels vulnerable to illicit finance, speculation and round-tripping.

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The EFCC chairman reaffirmed the commission’s commitment to investigating and prosecuting high-profile Nigerians regardless of their political positions, public status or influence.

He cited the recent convictions of former Minister of Power, Saleh Mamman, Robert Orya and Chukwunyere Nwabuoku as examples of the commission’s determination to pursue cases without discrimination.

“No office, title or social status should place anyone beyond the reach of the law,” Olukoyede said.

He maintained that the EFCC would investigate cases professionally, prosecute them based on evidence and allow the courts to determine the guilt or innocence of accused persons.

Olukoyede said the EFCC’s enforcement activities also generated approximately N288.1bn in federal and state tax recoveries during the period.

Of the amount, N173.2bn represented federal tax recoveries, while N114.9bn was attributed to state internal revenue services.

He stressed that the recoveries represented enforcement of existing tax obligations rather than the introduction of new taxes.

According to him, about N257.2bn in naira recoveries were also recorded for federal ministries, departments and agencies.

Olukoyede said the figures demonstrated how anti-corruption enforcement could strengthen government revenue without necessarily imposing additional burdens on taxpayers.

The EFCC chairman highlighted the social and economic impact of recovered proceeds of crime, citing the conversion of NOK University in Kachia, Kaduna State, into the Federal University of Applied Sciences, Kachia.

He said the institution, recovered through the commission’s asset-forfeiture process, had 1,909 students matriculating in December 2025.

Olukoyede said the Federal Government also allocated N50bn each from EFCC recoveries to the Nigerian Education Loan Fund and the Nigerian Consumer Credit Corporation in 2024, with additional N50bn allocations to each institution approved in 2026.

He said the use of recovered criminal proceeds for education and household credit represented a shift from viewing anti-corruption merely as punishment to seeing it as a mechanism for restoring stolen value and supporting national development.

Beyond cash recoveries, Olukoyede said the EFCC secured forfeiture orders covering 10,053 tangible assets between October 2023 and July 2026.

The assets included 8,198 electronic items, 1,177 real estate properties, 370 automobiles and 251 plots of land.

Other forfeited assets included schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft, while 102 tonnes of solid minerals were also forfeited.

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He said proceeds from the disposal of assets under final forfeiture orders amounted to about N12.07bn and were paid into the Federal Government’s coffers.

Olukoyede linked the commission’s sustained enforcement activities to Nigeria’s broader efforts to strengthen its anti-money laundering and counter-financing of terrorism framework.

He described Nigeria’s removal from the Financial Action Task Force Grey List in October 2025 as a national achievement.

The EFCC chairman said the commission’s casework and enforcement activities contributed to the collective national effort that strengthened Nigeria’s compliance framework.

He also attributed many of the commission’s achievements to increased collaboration with domestic and international law-enforcement agencies, regulators and other institutions.

He listed the United States Federal Bureau of Investigation, United Kingdom National Crime Agency, Royal Canadian Mounted Police and INTERPOL among the international partners working with the EFCC.

Olukoyede said about 60 per cent of the commission’s processes and operations had been digitalised as part of its reform programme.

He said the EFCC had introduced new guidelines on arrest and bail, reviewed its sting operations and established specialised units, including the Department of Fraud Risk Assessment and Control and Cybercrime Rapid Response Centre.

The commission, he added, had inaugurated its Enugu and Ilorin directorates and established new directorates in Ekiti, Anambra and Katsina states.

Olukoyede said the EFCC’s success should not be measured merely by the number of arrests made or funds recovered.

He said the commission’s responsibility was to transform intelligence into prevention, petitions into investigations, investigations into prosecutions, prosecutions into convictions and recoveries into restitution.

“The ultimate objective is to turn enforcement into measurable national value,” he said.

The EFCC chairman pledged that the commission would continue to intensify its fight against corruption and economic crimes while maintaining respect for due process and focusing on outcomes that deliver measurable value to Nigerians.

Source: punchng.com

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Crime

Ex- LA gang leader found guilty of Tupac’s murder

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A former Los Angeles gang member, Duane “Keffe D” Davis, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur.

Thirty years after the rap legend’s death, the jury found Davis, 63, guilty of murder after just a few hours of deliberation.

Duane Davis (C) and his attorney Michael Sanft are led back to a courtroom to hear his sentencing date after a jury found Davis guilty in the 1996 killing of rapper Tupac Shakur, at Clark County District Court at the Regional Justice Centre in Las Vegas, Nevada, on August 31, 2026. Duane Davis, a former Los Angeles gang member, was found guilty on August 31 by a Las Vegas court of the 1996 murder of rapper Tupac Shakur. Thirty years after the rap legend’s death at a Las Vegas casino, the jury found Davis, 63, guilty of murder after just a few hours of deliberation.

“Count one, murder with use of a deadly weapon, guilty of first-degree murder with use of a deadly weapon,” the foreperson of the jury announced to the court.

Davis, who faces possible life in prison without parole, addressed Judge Carli Kierny after the verdict was announced and stated his intention to appeal.

The one-time leader of the South Side Compton Crips was accused of ordering the September 7, 1996 killing of the hip-hop artist after his own nephew had been beaten by members of Shakur’s entourage at a Las Vegas casino.

“Duane Davis, in the culture of gangs, could not let that stand,” prosecutor Binu Palal said during closing arguments. “So what did he do? He acquired a firearm, got his group together, and went hunting for Mr Shakur.”

Shakur, who was in Las Vegas for a Mike Tyson heavyweight fight, was shot about two hours after the casino confrontation by a gunman in a white Cadillac that pulled up at a red light alongside the BMW in which the rapper was riding in the front passenger seat.

According to prosecutors, Davis handed the gun to someone sitting in the back seat of the Cadillac and ordered that person to shoot Shakur, who died six days later.

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Davis is the only person who was in the Cadillac that evening who is still alive.

The driver of the BMW, Death Row Records co-founder Marion “Suge” Knight, was wounded.

The killing of Shakur, also known as 2Pac, has been one of America’s most celebrated cold cases, prompting endless debate among music fans over who did it and why.

Davis, whose Crips were one of a patchwork of rival gangs that ran parts of Los Angeles in the 1990s, is the only person to have been charged in connection with the shooting of Shakur.

Sentencing is scheduled for October 13.

Confession

The investigation into Shakur’s murder sputtered for decades because of a lack of evidence, but the case was revived when Davis’s memoirs were published in 2019.

Davis has repeatedly boasted over the years of involvement in Shakur’s murder — in interviews with law enforcement and media and ultimately in his autobiography, “Compton Street Legend.”

He has since backtracked and pleaded not guilty to the murder charge.

Palal, the prosecutor, played clips from Davis’s various alleged confessions as part of his closing arguments.

Michael Sanft, Davis’s defense attorney, characterized his client’s confessions as fiction and lies partly designed to promote his book.

“You’re reading a book that is fiction and not fact,” Sanft told the jury. “But the state wants you to believe that this is somehow a confession, that he was there and present at the time of the shooting.”

Sanft said there was no evidence implicating Davis in Shakur’s murder other than his own statements.

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In the run-up to the trial, Davis’s lawyers tried in vain to keep the book from being introduced as evidence, along with remarks he made in an interview with police in 2008.

Shakur, who was 25 when he died, was a key figure in a hip-hop rivalry pitting the US East Coast against the West Coast.

Known for hits like “California Love” and “All Eyez on Me,” Shakur — the son of a Black Panther — was raised in Harlem and Baltimore, but quickly became the epitome of California hip hop when he signed with Los Angeles-based Death Row Records.

AFP

Source: punchng.com

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Crime

EFCC reveals how public funds are moved from LG account into crypto wallets

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The Economic and Financial Crimes Commission has disclosed how public funds were moved from a local government account to a private company before being transferred into cryptocurrency wallets.

The EFCC Chairman, Ola Olukoyede, disclosed on Monday while addressing media executives and journalists in Abuja, stressing that the commission could not ignore the suspicious movement of public funds.

Olukoyede, however, did not disclose the local government, company or state involved in the transaction.

He said the commission’s Fraud Risk Assessment and Control Department had detected the suspicious transactions and intervened by freezing the funds for 72 hours to establish their destination and purpose.

Olukoyede, however, expressed his displeasure over people who called for his head as a result of the action taken by his agency.

He said, “When we see money moving suspiciously, we move in and freeze it in the interim. I know some of you are calling for my head. The account was frozen for 72 hours. Okay, come and show where this money is going? Why are you moving money? We saw money being moved from the local government account to a company. Apart from that phase, we discovered that the money has gone into cryptocurrency wallets.

“Is that the road to build? Is that the power to generate cryptocurrency wallets for your people? Are you asking me to close my eyes and not do something like that? Then you don’t need me in this office.”

The EFCC boss said the development underscored the need for law enforcement agencies to shift from waiting for public funds to be stolen before taking action to preventing suspicious transactions from being completed.

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“Why must we be waiting for money to be stolen? Why can’t we change the narrative? And that’s the main thing we need to bring to the office,” he said.

The disclosure comes against the backdrop of an outcry earlier in the month after the EFCC froze an account belonging to the Osun State Government, days before the August 15 governorship election.

However, Olukoyede did not link the transaction he cited to Osun State or any other particular state.

Olukoyede also said cybercrime had evolved beyond the traditional perception of “Yahoo Yahoo,” noting that some young people were being used as fronts by public officials to move allegedly stolen funds through cryptocurrency wallets.

He said, “We have gotten to a stage in Nigeria now that public officials steal money and they put it in cryptocurrency wallets.

“Most of the directors we are investigating now, you can’t trace tangible assets to them. They steal this money, give it to students, give it to young people. They open cryptocurrency wallets all over the world. They plunder the money there within 24 hours.

“The money moves abroad. They buy a house anywhere in the world, buy luxury items. Those are the recent trends.”

The EFCC boss also disclosed that the commission had developed the capacity to trace cryptocurrency wallets, particularly those linked to virtual asset platforms registered in Nigeria.

According to him, about 40 virtual asset platforms had been licensed, following regulatory measures introduced to strengthen oversight of the sector.

“Now we also have the capacity to trace cryptocurrency wallets now, at least with those that are registered in Nigeria, and we are doing that,” he said.

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Reeling out the achievements of the commission in the last three years, Olukoyede said the commission had also recovered virtual assets in connection with the CBEX fraud, but identified the management of confiscated cryptocurrency as a challenge that had previously created accountability concerns.

“When you recover virtual assets, where do you put them? No accountability. That’s why we can’t continue like this,” he said.

He disclosed that the Federal Government had consequently approved the establishment of a national confiscation wallet where virtual assets recovered by law enforcement agencies would be kept.

“Today, now we have a national confiscation wallet. So if I confiscate virtual assets now, it’s a national wallet that we put into those,” he said.

Olukoyede further warned that the increasing use of cryptocurrency to move illicit funds required stronger technological capacity among financial and law enforcement institutions.

He said, “When we are talking about cybercrime, please cooperate with us, understand the scope. Not just Yahoo. Some of the people you are calling Yahoo, see your young children; they are stealing on behalf of London, on behalf of public servants.”

Olukoyede said the commission’s anti-corruption activities had also contributed significantly to revenue mobilisation, with federal and state tax recoveries amounting to approximately N288.1bn during the period under review.

He said the figure comprised about N173.2bn in federal tax recoveries and N114.9bn attributed to State Internal Revenue Services.

Oluyede also said more than 40 of its personnel were dismissed for alleged corruption and financial malpractice in the past two and a half to three years.

See also  Police arrest fleeing vigilante killer after two years in Niger

He added that some of the dismissed officials were already facing prosecution, while case files involving others were being prepared for prosecution.

Source: punchng.com

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