Chairman and Chief Executive Officer of the NDLEA, Buba Marwa, commended officers in Abuja, Lagos, Kano, and Edo states for the arrests and seizures over the past week, urging them to sustain efforts aimed at reducing both the supply and demand of illicit drugs in the country.
News
EFCC Arraigns Two Firms Over Illegal Lagos Investments
The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, on Monday, brought two companies, FARM360 Limited and MCBHADMOS Trans-Atlantic Trade Limited before Justice D.I. Dipeolu at the Federal High Court in Ikoyi, Lagos.
The firms face a five-count charge involving the operation of collective investment schemes without valid authorization from either the Securities and Exchange Commission, SEC, or the Central Bank of Nigeria, CBN.
According to the EFCC, the two companies reportedly solicited and received investments totalling N80 million between 2021 and 2022 from multiple people. The funds, however, were allegedly not repaid, and investors did not receive promised returns.
One of the charges reads: “That you, FARM360 Limited and MCBHADMOS Trans-Atlantic Trade Limited, sometime between 2021 and 2022 in Nigeria, within the Judicial Division of this Honourable Court, being companies incorporated in Nigeria, failed to obtain a valid licence from the Central Bank of Nigeria to carry on your business of Investment management and you thereby committed an offence contrary to Section 57 of the Banks and Other Financial Institutions Act 2020 and punishable under Section 57(5) of the same Act.”
Both companies pleaded not guilty to the charges.
Following the plea, EFCC counsel Abdulhamid L. Tukur invited the Commission’s investigator, Nnadikwu Izuchukwu Collins, to provide a summary of the case. Collins testified that the EFCC received a formal complaint on October 21, 2022, from a group of affected investors. According to him, the petitioners claimed that the companies had promised high-yield returns on investments in agriculture and forex trading.
He said the total amount invested reached N93 million, and during the investigation, letters were dispatched to the SEC, CBN, various banks, and the Corporate Affairs Commission, CAC.
Responses from regulatory bodies, he added, confirmed that neither FARM360 nor MCBHADMOS Trans-Atlantic Trade Limited held any licence to operate investment or forex-related ventures in Nigeria. Information obtained from Fidelity Bank revealed that the N80 million gathered from investors was diverted for personal use.
Collins further informed the court that the directors of the two companies remain at large, and ongoing efforts are underway to locate and apprehend them.
The prosecution proceeded to tender several documents as evidence, including the original petition, bank statements, and responses from the relevant agencies. Justice Dipeolu admitted the items and marked them as exhibits.
The case was adjourned to July 8, 2025, for continuation of the trial.
Dailypost.ng
News
JUST IN: Israel Breaks Silence On Netanyahu’s Death Claims; Truth Emerges
The office of Israeli Prime Minister, Benjamin Netanyahu, has cleared the air over his rumoured death.
It dismissed viral social media claims suggesting the Prime Minister had been assassinated following the escalating conflict involving Israel, the United States and Iran.
“These are fake news; the Prime Minister is fine,” the Prime Minister’s office said
DAILY POST reports that the rumours gained traction after a video shared by Netanyahu on his X account on Friday showed him addressing a press conference on the ongoing Israel-US-Iran conflict.
Some social media users, immediate after the video was posted, claimed they had spotted what appeared to be six fingers on Netanyahu’s right hand when he briefly raised it during the speech.
The speculation spread further after US conservative commentator, Candace Owens raised questions on X.
News
Tears As Atiku’s Top Aide Dies, Former Vice President Releases Heartfelt Statement
Former Vice President Atiku Abubakar has announced the death of Mr. Ifeanyi Izeze, a pioneering member of his media team.
The development was announced in a statement issued by his media adviser, Paul Ibe, on Sunday.
The statement said Izeze joined Atiku’s media team in 2006, moving from the Aluminium Smelter Company of Nigeria, ALSCON, in Ikot-Abasi, where he served as office manager.
Bringing extensive experience from both journalism and Nigeria’s oil and gas sector, he played a key role in shaping media strategies and campaign policies for Atiku, particularly in the Niger Delta region.
Trained as a geologist at the University of Port Harcourt up to postgraduate level, Izeze later transitioned into journalism, reporting extensively on the oil and gas industry for publications including Sunray, Anchor and NewAge newspapers before joining ALSCON.
Beyond his professional life, Izeze was known for his prodigious sense of humor and devout Christian faith.
He was an ordained preacher in the Christ Embassy denomination and also active in the Pentecostal Fellowship of Nigeria.
He is survived by his children, grandchildren, and his elder brother, Pastor Emeka Izeze, known for his work with The Guardian Newspapers..
The Atiku Media Office expressed condolences to his family, friends, and colleagues, praying for God’s comfort and eternal rest for his soul.
Atiku said: “A man with a prodigious sense of humour and a born-again Christian of the Christ Embassy denomination, Ifeanyi was an ordained preacher of the gospel of Jesus Christ in the Pentecostal Fellowship of Nigeria.
“May God give his family, friends, and colleagues the fortitude to bear his demise.”
I mourn the loss of one of the prominent and pioneer members of my media team, Mr Ifeanyi Izeze.
Ifeanyi joined my media team in 2006, from Aluminium Smelter Company of Nigeria (ALSCON), Ikot-Abasi, as Office Manager. He brought to bear on the work of the media team, at that… pic.twitter.com/XvbrDQwTFu
— Atiku Abubakar (@atiku) March 15, 2026
News
UK-Bound 74-Year-Old Grandpa Arrested With Illicit Drugs At Abuja Airport
Operatives of the National Drug Law Enforcement Agency have arrested a 74-year-old man, Ikwuakalom Emeka, at the Nnamdi Azikiwe International Airport, Abuja, for allegedly attempting to smuggle 11 kilograms of cocaine concealed in food items while travelling to the United Kingdom.
The septuagenarian was apprehended at the departure hall while attempting to board British Airways flight BA082, bound for Heathrow, London, on Saturday, March 14, 2026.
According to a statement released on Sunday by the agency’s spokesman, Femi Babafemi, a search of Emeka’s luggage revealed blocks of cocaine wrapped in foil papers and balloons and concealed inside food items, including ground dry pepper.
“A 74-year-old grandpa, Ikwuakalom Nwakoro Emeka, has been arrested by operatives of the NDLEA at the Nnamdi Azikiwe International Airport, Abuja, after a large consignment of cocaine was discovered in foil papers and balloons concealed in his luggage. The septuagenarian, who claimed he was travelling to London, United Kingdom, for vacation, was arrested at the departure hall while attempting to board British Airways flight BA082 to Heathrow on Saturday, March 14, 2026.
“During a search of his luggage, blocks of cocaine weighing 11 kilograms were discovered concealed inside food items, including ground dry pepper, carefully wrapped in foil papers and balloons,” the statement partly read.
The agency also reported a series of arrests and seizures across other parts of the country.
In Lagos, Babafemi said NDLEA operatives arrested a woman, Maryam Olalowo, at Ikad Hotel and Suites while allegedly attempting to sell 89 grams of cocaine and 20 grams of Canadian Loud, a strain of cannabis. She was with her three children, including an infant, at the time of the arrest.
“In Lagos, NDLEA operatives acting on credible intelligence in the early hours of Monday, March 9, arrested Mrs. Maryam Olalowo at Ikad Hotel and Suites on Etim Inyang Street, Victoria Island, while attempting to sell 89 grams of cocaine and 20 grams of Canadian Loud. She was found with her three children, including an infant, at the time of the arrest. She confessed the illicit drugs belonged to her husband, Ibrahim Olalowo Olatunji, who was later taken into custody the same day while his wife was immediately released.
“Ibrahim confirmed ownership of the illicit drugs in his statement, while further investigation revealed that he had previously been arrested, convicted, and sentenced to two and a half years’ imprisonment for a similar offence in 2015.”
In another Lagos Island operation, NDLEA operatives arrested two suspects, Kalilou Simpara and Saidu Ibrahim, after recovering 68,000 tramadol pills loaded in a truck allegedly meant for transport to Benin. A follow-up raid at Idumota Market led to the arrest of Nnamdi Cyprian, believed to be the owner of the consignment. Officers also recovered a parcel containing 1,000 tramadol tablets prepared for waybill delivery from his shop.
Another raid at the market resulted in the arrest of Nwanosike Kelvin and the recovery of 47,500 ampoules of pentazocine injection.
In separate operations, NDLEA officers arrested Magaji Dan Azumi, 42, with 386 kilograms of skunk in Bebeji, and Isah Wako with 282.2 kilograms of the same substance in Gwagwalada.
In Orhionmwon Local Government Area, operatives raided the Egwa Forest Reserve, arresting Chinedo Odalonu, 33, and destroying 4,218.96 kilograms of skunk on two farms, while recovering 16.5 kilograms.
At Apapa Seaport, NDLEA officers, in collaboration with customs officials, intercepted 339,800 bottles of codeine-based syrup hidden in two containers that had been watch-listed following intelligence reports.
-
Politics13 hours agoTINUBU 2027: Fayose Stakes ₦10m, Mocks City Boys Rally
-
Foreign20 hours agoTension as Nigerians Hit in Iran Missile Strikes, Details Emerge
-
News11 hours agoTears As Atiku’s Top Aide Dies, Former Vice President Releases Heartfelt Statement
-
News8 hours agoJUST IN: Israel Breaks Silence On Netanyahu’s Death Claims; Truth Emerges
-
Foreign12 hours agoMining dispute: FG Alleges Plot To Embarrass Tinubu During UK Visit
-
News12 hours agoUK-Bound 74-Year-Old Grandpa Arrested With Illicit Drugs At Abuja Airport
-
Uncategorized20 hours agoPDP Chieftain Reveals What Wike Said About Governor Fubara’s Second Term
