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Consolidated revenue fund overdrawn by N2.48tr, says Auditor-General
The Auditor General of the Federation has queried alleged unsubstantiated transfer of N3.627 trillion from government coffers to entities to fund recurrent expenditure in the 2018 financial year.
He also said the Consolidated Revenue Fund was overdrawn to the tune N2.483 trillion in total disregard of Financial Regulation (FR) 710.
Financial Regulation (FR) 710 stipulates that “No government bank account shall be overdrawn or any temporary advance obtained from a bank. In the event of an account being overdrawn, the Officer Responsible shall be made to refund any bank charges incurred thereon.”
Besides, the AuGF in his report submitted to the National Assembly queried the funding of government investments in non-existent or moribund companies to the tune of N84.702 billion, adding that there was no evidence supporting investment of government in the companies.
The part two report with reference number GF/AR.2018/VOL.II/02 of 25th March, 2021 was signed by the Auditor General of the Federation, Adolphus A. Aghughu and addressed to the Clerk to the National Assembly.
According to the report, the sum of N8.101 trillion was transferred to fund recurrent expenditure-receipt’ in the Consolidated Statement of Financial Performance, while the sum of N11.728 trillion by 944 MDAs gave rise to an unsubstantiated difference of N3.627 trillion which was recognised in the Consolidated Statement of Financial Performance.
“The audit is unable to validate the correctness or otherwise of the difference under reference,” the AuGF said.
The report said further that about 103 MDAs exceeded their Personnel Cost Budget by ₦641.757 billion in 2018 while another 115 MDAs had zero Personnel Cost even though there was Budget allocation for them.
It queried the sources of extra funds for salaries and wages to the 103 MDAs and why there was zero personnel budget for the 115 MDAs even though the MDAs under reference had annual budgets approved for them.
It expressed concern about the completeness and accuracy of the consolidated figures with respect to salaries and wages, adding that “the above anomalies could be attributed to absence of strong quality assurance around the consolidation process at the Office of the Accountant-General of the Federation.
The risk to government resources, it said, is the fact that the consolidated financial statements may have been misstated while there may have been unauthorised virement instead of seeking approval of the National Assembly.
It put the total amount of GIFMIS finalised payments for randomly selected 99 MDAs at ₦536.050 billion and the consolidated salaries and wages at ₦532.352 billion, leading to an understatement of ₦3,698 billion.
The report said there was no further information to enable the audit to verify the understatement.
It attributed the discrepancy to “weaknesses in the internal control systems around the consolidation process at the Office of the Accountant-General of the Federation”.
The audit report disclosed that there were certain irregularities in the disclosure of aids and grants to MDAs to the tune of ₦219.562 billion, which it said was in contravention of Auditor-General for the Federation’s recommendation in 2017 report that ‘Aid and Grants’ should be disclosed in a recommended format.
It said “as a result of the above violation, the sum of ₦219.562 billion shown as Aid & Grants could not be validated, and there was ‘Foreign Grants’ of ₦4,200.00 (Four thousand two hundred naira) as well as ‘Domestic Grant’ of ₦17,100.00 (Seventeen thousand one hundred naira) totaling ₦21,300.00 in favour of Federal Ministry of Foreign Affairs.
“Audit is concerned as to what amount in foreign currency was donated to the extent that its naira equivalent was ₦4,200.00. The donor was not disclosed to enable audit follow up with circularization”.
It said this makes accountability difficult and could cast doubt on the existence and accuracy of reported figures.
On doubtful government investments in NITEL and other Moribund companies, the report said about N84.702 billion was invested in companies whose going concern and continue existence are in doubt, adding that “efforts by the audit to verify the investment in NITEL yielded no result as the Agency in question had been liquidated.
“Continued recognition of these investments without fully disclosing their impairment status in the Consolidated Financial Statements as required by the above IPSAS cast doubt as to their accuracy and existence.
“Audit therefore concludes that since there is no evidence that supports government investment in NITEL and other companies, it is more likely that these investments may have been impaired,” it said.
The Auditor General’s report also stated that some government agencies embarked upon overhead expenditure without appropriation while some others carried out unapproved virement to fund their overheads.
It said about 14 MDAs incurred overhead expenditure totaling N162.924 billion without appropriation in total disregard to the 1999 constitution as amended, leading to possible misappropriation of funds.
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Italy-Based Businessman Excretes 98 Wraps of Cocaine at Enugu Airport
Italy-Based Businessman Excretes 98 Wraps of Cocaine at Enugu Airport
In a major breakthrough, operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a 30-year-old Italy-based businessman at the Akanu Ibiam International Airport (AIIA), Enugu, after he excreted 98 wraps of cocaine weighing 1.510 kilograms while attempting to board a flight to Europe. The suspect, Joseph Cyril, was nabbed on August 2, 2026, at the departure hall of the Enugu airport during the outward clearance of passengers on Ethiopian Airlines flight ET930, which was en route to Italy via Addis Ababa and France. According to a statement by NDLEA Director of Media and Advocacy, Mr. Femi Babafemi, Cyril was immediately placed under excretion observation, during which he expelled all 98 pellets of the banned substance. The total weight of the recovered cocaine was put at 1.510 kilograms. Investigations revealed that Cyril had arrived in Nigeria from Italy on July 13, 2026, and ingested the drug at a hotel in Awka, Anambra State, before proceeding to Enugu to catch his return flight to Europe on August 2.
In his confessional statement, the suspect disclosed that he had been running a legitimate business in Italy for several years before agreeing to traffic the cocaine consignment. He claimed he accepted the task in exchange for €3,500 (about ₦5.8 million) to help him raise funds to relocate to Germany, where his immediate family is based. The NDLEA noted that the arrest is part of the agency’s intensified efforts to curb drug trafficking through Nigerian airports and land borders.
Beyond the Enugu operation, the NDLEA recorded several other significant seizures across the country within the same period, demonstrating the widespread nature of the agency’s crackdown. In Lagos, operatives thwarted attempts by trafficking syndicates to export 1.2 kilograms of cocaine concealed inside 25 pieces of phone chargers destined for Saudi Arabia through a courier company. In a similar operation, officers intercepted 500 grams of cocaine hidden in the false bottom of a backpack that was being shipped to Italy via another logistics firm on August 3, 2026. Also in Lagos, a consignment containing 2.3 kilograms of Loud — a potent synthetic strain of cannabis — originating from the United States, was seized at a shipping company on August 4, 2026.
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At the Tincan Port complex, a joint examination involving NDLEA officers, Customs officials, and other security agencies uncovered 73 cartons containing 442 packets of cookies and gummies infused with cannabis. The total weight of the seized edibles was 309.4 kilograms, and a suspect, Larry Nnaji, has been arrested in connection with the shipment. Following this discovery, the NDLEA issued a public health alert, warning parents and guardians to monitor what children consume, as traffickers increasingly disguise illicit substances as ordinary snacks.
In Ondo State, on August 4, NDLEA patrol teams along the Akure-Ilesha expressway intercepted a truck heading to northern Nigeria with 1,633 kilograms of skunk (a strong strain of cannabis) cleverly concealed in bags of rice chaff. Two suspects — Buba Jamilu and Sanusi Ibrahim — were arrested in connection with that seizure. Additionally, a raid at Ita Ogbolu forest on August 3 led to the recovery of 147 kilograms of skunk, further crippling trafficking networks in the region.
In Oyo State, acting on credible intelligence, operatives raided a drug warehouse in Elebure village, Orire Local Government Area, on August 3, recovering 731.03 kilograms of cannabis. One suspect, Felicia Thompson, was arrested, while her accomplice, Thompson Vincent Nwaka, remains at large as authorities continue their manhunt. Meanwhile, in Edo State on August 5, NDLEA operatives supported by soldiers raided a storage facility at Ewe Luleha in Owan West Local Government Area, recovering 65 jumbo bags of skunk weighing a total of 604.5 kilograms.
In Abia State, operatives arrested Chibuike Charles, 31, a drug joint operator, during a raid at his base in Osisioma Local Government Area on August 6, seizing about 7 kilograms of skunk from his premises. In Lagos, a notorious and wanted drug dealer, Adome Claude Sikuru, was arrested on August 8 at the Fibre Market drug jungle in Badagry after a three-month manhunt. Officers recovered 88.5 kilograms of skunk from him, marking a significant victory in the agency’s efforts to dismantle drug hideouts in the city.
Commending the officers and men of the DOGI, AIIA, Ondo, Oyo, Edo, Abia, Seme, and Tincan Commands, NDLEA Chairman and Chief Executive Officer, Brig-Gen. Mohamed Marwa (rtd) , praised their professionalism and dedication. He urged all personnel to sustain the balanced approach to drug control, combining enforcement, public education, and rehabilitation, while vowing to intensify the fight against illicit drug trafficking across Nigeria.
Italy-Based Businessman Excretes 98 Wraps of Cocaine at Enugu Airport
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Police Arrest Five Pakistani Nationals in Benue, Recover 35 Mobile Phones
Police Arrest Five Pakistani Nationals in Benue, Recover 35 Mobile Phones
The Benue State Police Command has arrested five Pakistani nationals and recovered 35 mobile phones in separate intelligence-led operations conducted in Otukpo and Ugbokolo areas of the state . According to a statement issued by the Command’s Public Relations Officer, DSP Orchia Peter Aondongu, operatives acting on credible intelligence arrested three Pakistani nationals on August 4, 2026, at Adoka Motor Park in Otukpo Local Government Area . The suspects were identified as Younas Mohammad, 36; Ahmad Nunil, 38; and Aslam Muhammad, 46. They were intercepted while attempting to board a vehicle to Adoka village . During preliminary questioning, the suspects claimed they were in Otukpo to market cosmetics and mobile gadgets. However, police noted that none of the items they claimed to be selling was found in their possession, raising questions about their activities and movements in the area .
In a separate operation on August 5, 2026, police arrested two other Pakistani nationals, Juma Sharif, 30, and Muhammed Sharif, 25, at a local hotel in Ugbokolo following credible intelligence . The two suspects reportedly told investigators they were dealers in Android phones. A search of their belongings led to the recovery of 11 Tecno Camon 50 Pro mobile phones . Further investigation and operational follow-up resulted in the recovery of an additional 23 Tecno Camon 50 Pro phones and one Infinix Hot 60 phone, bringing the total number of recovered mobile devices to 35 .
The police disclosed that the five suspects have been transferred to the State Criminal Investigation Department (SCID) in Makurdi, where discreet and comprehensive investigations are ongoing to establish the circumstances surrounding their presence, activities, and movements within the state . The Command stated that it strongly suspects the possession of the mobile phones is a decoy for clandestine activities in the rural areas of the state, noting that this is even more probable as the suspects have limited proficiency in speaking or understanding English . The Commissioner of Police, Benue State Command, CP Cletus Nwadiogbu, commended the officers involved in the operations and members of the public whose timely information contributed to the arrests . He further urged residents to remain vigilant and promptly report suspicious persons, movements or activities to the Police, pledging that the Command will continue to work with relevant stakeholders and members of the public to maintain peace and security across Benue State . The Command reassured the public that the operations form part of its proactive, intelligence-led policing strategy aimed at identifying potential security threats, preventing criminal activities, and safeguarding lives and property across the state .
Police Arrest Five Pakistani Nationals in Benue, Recover 35 Mobile Phones
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EFCC Acted Lawfully in Freezing Osun Account – Falana
EFCC Acted Lawfully in Freezing Osun Account – Falana
Senior Advocate of Nigeria and human rights lawyer, Femi Falana, has declared that the Economic and Financial Crimes Commission (EFCC) did not act illegally by restricting the Osun State Government’s statutory allocation account. He cited landmark court judgments that affirm the anti-graft agency’s powers to investigate state finances, while also faulting President Bola Tinubu’s intervention on procedural grounds.
The controversy surrounding the EFCC’s decision to place a Post-No-Debit restriction on an Osun State Government account domiciled with First Bank has sparked intense debate across the country. The commission disclosed that the action was part of an ongoing investigation into the alleged fraudulent handling of approximately ₦11 billion in Ecology Funds, Intervention Funds, and Federation Account Allocation Committee (FAAC) allocations . According to the EFCC, investigators detected what it described as “precipitate and unwarranted movement of funds” from the account to various corporate entities beginning on August 2, 2026, prompting the need for swift intervention to prevent further diversion of public resources . The commission clarified that the restriction applied to only one account and was not a blanket freeze on all state government finances, a distinction that has been largely overlooked in public discourse surrounding the matter . The EFCC’s Director of Public Affairs, Wilson Uwujaren, defended the action, stating that the commission derived its powers from Section 34 of the EFCC Act and Section 7(6) of the Money Laundering (Prevention and Prohibition) Act, 2022 .
Falana made his declaration on Friday during an appearance on Channels Television’s Politics Today, wading into the controversy with a clear legal opinion that sought to clarify the legal basis for the EFCC’s action. The senior lawyer stated categorically that “as far as the law is concerned, the EFCC has not acted illegally” . He explained that under Nigerian law, the commission possesses the legal authority to freeze accounts belonging to the federal government, state governments, and local governments, provided it complies with the statutory requirement to obtain a court order within the prescribed period . According to Falana, the EFCC can impose a temporary restriction on an account for up to 72 hours without judicial authorisation, after which it must secure a court order to maintain the freeze . He maintained that the commission followed this legal framework in the Osun case, noting that the EFCC had indeed approached the Federal High Court, which “intervened based on information provided by the EFCC” . This judicial intervention, he argued, validated the EFCC’s actions under the existing legal framework, and the Osun State Government had appropriately challenged the legality and validity of the court order, rather than merely questioning the timing of the action .
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The legal history of the EFCC’s powers provides important context for understanding the current controversy, and Falana traced this history to demonstrate that the commission’s authority had been repeatedly affirmed by superior courts. He recalled that in 2019, the Federal High Court in Benue State had ruled that the commission lacked the authority to freeze the state government’s account and awarded N50 million in damages against the agency . However, he said the EFCC successfully appealed that decision, and in September 2022, the Court of Appeal overturned the lower court’s ruling, affirming the commission’s power to impose a Post-No-Debit restriction on a government account for up to 72 hours before obtaining a court order . “That remains the law in Nigeria today,” Falana said, emphasising that the Court of Appeal’s decision had not been overturned by any higher court and therefore remained binding on all lower courts and government agencies .
Beyond the Court of Appeal decision, Falana also referenced a 2024 Supreme Court judgment that further solidified the EFCC’s authority to investigate state finances. This judgment arose from a suit instituted by the Kogi State Government and joined by several other states, which challenged the authority of federal anti-corruption agencies to investigate state government finances . Falana stated that the apex court examined all relevant constitutional and statutory provisions and concluded that agencies including the EFCC, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigerian Financial Intelligence Unit (NFIU) have the power to probe accounts at the federal, state, and local government levels . He added that anyone dissatisfied with the existing legal framework should seek an amendment through the National Assembly rather than questioning the EFCC’s statutory mandate . “If Nigerians—those who are concerned—want the law changed, they can go to the National Assembly. But for now, as of today, EFCC has the power to freeze the account of any state and, in not more than 72 hours, has to go to court,” he said, making it clear that the legal question had been definitively settled .
The political dimension of the controversy emerged when President Bola Tinubu directed the EFCC to approach the court to vacate the order and discontinue the restriction, citing concerns about the timing so close to the August 15 Osun State governorship election . Tinubu stated that he was “deeply embarrassed” by the timing of the action, although he acknowledged the commission acted within its statutory powers by obtaining the court order . He said preserving public confidence in the integrity and credibility of the election informed his decision, a position that drew both support and criticism from various quarters . The President’s intervention raised questions about the appropriate limits of executive authority in relation to independent anti-corruption agencies, and whether such intervention could set a dangerous precedent for future investigations .
Falana, however, faulted President Tinubu’s intervention, arguing that the President ought to have respected the statutory independence of the EFCC and acted through the Attorney-General under Section 174 of the Constitution . He stated, “In intervening in the Osun State crisis, President Tinubu ought to have respected the independent status of the EFCC and the due process of law. As far as the law is concerned, the EFCC chairman is not at the beck and call of the President” . Falana noted that the Osun State Government had already taken legal steps to challenge the freezing order before Tinubu intervened, meaning the matter should have been resolved through the judicial process rather than through a direct presidential instruction to the anti-graft agency . He suggested that Tinubu could have directed the Attorney-General to take over the case under Section 174, with a view to withdrawing the case or not opposing the motion filed by the Osun State Government to vacate the ex parte order . Despite faulting the procedure, Falana appeared to welcome the eventual move towards restoring access to the state government’s funds, quoting William Shakespeare: “All is well that ends well” , indicating his pragmatic acceptance of the resolution while still criticising the process .
Looking beyond the immediate controversy, Falana also warned against establishing a precedent under which anti-corruption agencies would be expected to suspend investigations merely because an election is approaching . He argued that such an approach could provide governments with a window to move public funds without scrutiny during election periods, warning that “we must be very careful that we don’t give a dangerous impression that when elections are 10 days away, 20 days away, 30 days away, the anti-graft agencies must turn the other eye” . This warning reflects broader concerns about the integrity of electoral processes and the need for continued oversight of public finances, particularly during periods when governments may be tempted to use state resources for political purposes . Falana’s comments underscore the delicate balance between ensuring free and fair elections and maintaining robust anti-corruption enforcement, a balance that Nigerian authorities continue to navigate in practice .
EFCC Acted Lawfully in Freezing Osun Account – Falana
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