It’s difficult to fake new naira notes, says Buhari - Newstrends
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It’s difficult to fake new naira notes, says Buhari

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The new naira notes have been fortified with security features that will make them difficult for currency counterfeiters to fake, President Muhammadu Buhari said yesterday.

Unveiling the new N1000, N500 and N200 bills shortly before the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja, the President gave reasons for his approval.

He said besides the fact that the exercise was overdue, there was the need to take control of the currency in circulation.

He said features of the new notes would make them tough for fraudsters to counterfeit.

The President, according to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, expressed delight that the redesigned notes were produced locally by the Nigerian Security Printing and Minting (NSPM) Plc.

“The new Naira banknotes have been fortified with security features that make them difficult to counterfeit,” the President said.

He added that the new notes would help the Central Bank of Nigeria (CBN) design and implement better monetary policy objectives.

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The President, who commended the CBN Governor, Godwin Emefiele, and his deputies for the initiative, also lauded the NSPM Plc management “for working tirelessly with the apex bank to make the currency redesign a reality, and for printing the new naira notes within a comparatively short time.”

Acknowledging that international best practice requires central banks and national authorities to issue new or redesigned currency notes between five and eight years, Buhari noted that it is now almost 20 years since the last major redesign of the local currency was done.

He said: “This implies that the Naira is long overdue to wear a new look. A cycle of note redesign is generally aimed at achieving specific objectives, including, but not limited to: improving security of notes, mitigating counterfeiting, preserving the collective national heritage, controlling currency in circulation, and reducing the overall cost of currency management.

“As is known, our local laws – specifically the CBN Act of 2007 – grants the apex the power to issue and redesign the naira.

“In line with this power, the Central Bank Governor approached me earlier in this year to seek my permission to embark on a currency redesign project. I considered all the facts and reasons presented before me by the central bank.

“There was an urgent need to take control of currency in circulation and to address the hoarding of Naira banknotes outside the banking system, the shortage of clean and fit banknotes in circulation, and the increase in counterfeiting of high-denomination naira notes. It is on this basis that I gave my approval for the redesign of the N200, N500 and N1000 notes.

“While this may not be apparent to many Nigerians, only 4 out of the 54 African countries print their currencies in their countries, and Nigeria is one. Hence, a majority of African countries print their currencies abroad and import them the way we import other goods.

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“That is why it is with immense pride that I announce to you that these redesigned currencies are locally produced right here in NSPM) Plc,’’ he said.

Emefiele thanked the President for his unwavering support for the redesign and distribution of the new notes, which, he said, will control inflation, make policies more effective, ensure financial inclusion and fight corruption.

He also noted that by international best practice, the redesign of notes should be every five to eight years, and the currency in circulation had been in usage for 19 years, with spiraling challenges on the economy, especially on security and counterfeiting.

Appreciating the President for his insistence that the initial notes must be designed and produced locally, Emefiele said it was a renewal of confidence in the NSPM Plc.

He said: “Mr. President, only a President of your esteemed and incorruptible stature could have done what we are witnessing today.”

The CBN boss listed the benefits of the redesigned naira notes to include enhanced security, greater durability, attractiveness and promotion of rich cultural heritage.

Benefits of the new bills

• Control of inflation
• Bringing hoarded cash back into banking system
• Strengthen monetary policy
• Increased financial inclusion
• Encouraging cashless economy
• Promoting anti-corruption fight

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Railway

NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism

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NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism

NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism

Kaduna, Nigeria – The Nigeria Security and Civil Defence Corps (NSCDC) has sealed facilities belonging to a Chinese-linked steel company across the country following allegations of involvement in railway vandalism and the illegal recycling of critical national infrastructure . The enforcement action targeted Inner Galaxy Steel Company and other associated facilities after months of intelligence-led investigations linked the firm to the alleged handling, compression, and melting of vandalised railway materials .

The operation, which followed weeks of intensive surveillance, was triggered by a viral video on social media that showed extensive vandalism of the newly laid Kaduna-Kano railway tracks as well as older rail infrastructure across parts of Northern Nigeria . After the video circulated widely, the NSCDC Commandant General, Ahmed Abubakar Audi , directed the Special Intelligence Squad (SIS) , led by Commandant Apollos Dandaura, and the Kaduna State Command to identify and arrest those responsible for the economic sabotage.

Speaking on Sunday at the company’s premises in Birnin Yero, Igabi Local Government Area of Kaduna State , the NSCDC National Public Relations Officer, Babawale Afolabi , said the operation followed the arrest of suspects and the recovery of railway tracks and sleepers from the facility . Afolabi disclosed that the corps had obtained a court order and search warrant authorising the sealing of the premises and the preservation of recovered exhibits for prosecution by the Nigerian Railway Corporation (NRC) , which has since commended the NSCDC for its sustained crackdown on railway vandals.

According to Afolabi, preliminary findings from the investigation revealed a sophisticated criminal syndicate operating under the guise of legitimate business. Vandalised railway materials were allegedly transported to the company’s Kaduna facility, where they were compressed into scrap metal to conceal their original form. From Kaduna, the compressed materials were transported to the company’s head office in Aba, Abia State . There, the stolen national assets were allegedly melted down and recycled into products such as roofing sheets, nails, and iron rods , which were then sold back to the public. The NSCDC described this as a sophisticated local and international network engaging in economic sabotage.

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Afolabi added that the court order covered Inner Galaxy Steel Company and Jiuxing Integrity Industrial Ltd , as well as other linked facilities in Abia and Zamfara states , including branches nationwide suspected to be connected to the case . The NSCDC confirmed that the enforcement operation has effectively shut down the company’s ability to continue processing stolen materials while investigations proceed.

The NSCDC has confirmed that 12 suspects are currently in custody in connection with the railway vandalism case . Those arrested from the Kaduna facility have been identified as Usman Hassan, 27 (company manager), Bilyaminu Usman, 30 (weighbridge operator), Choji John Pam, 40 (weighbridge officer), Jamilu Isah Jaafar, 37 (scrap collector), Chukwuemeka Udonwoke, 38 (supervisor), Chikwodilli Ezema, 29 (company manager), and Isaac Etim, 36 (scrap leader) . According to the corps, some of these suspects have allegedly confessed to their roles in the criminal network, providing valuable intelligence that is aiding the ongoing investigation.

The suspects are being investigated for alleged offences bordering on conspiracy to commit felony , intentional endangering of railway passengers , obstruction and destruction of railway infrastructure , theft , concealment of stolen property , and alleged financing of terrorism . The NSCDC stated that these charges reflect the severity of the crimes, which not only rob the nation of critical infrastructure but also endanger the lives of passengers who rely on the railway network for daily transportation.

Recovered exhibits from the company’s facilities include large quantities of vandalised railway tracks and sleepers , suspected NNPC and Water Board pipes valued at billions of naira, as well as specialised machines allegedly used for compressing and concealing the stolen materials . The Managing Director of the Nigerian Railway Corporation (NRC) , Dr. Kayode Opeifa , represented by NRC Chief Technical Officer Paul Doche, confirmed that NRC officials had visited the sealed facility and identified some of the corporation’s stolen materials. “We have gone round and identified some of our materials there. These are national assets,” Doche stated, adding that officials were still working to determine the full volume of recovered items because many remained buried under metal debris.

Afolabi also disclosed that Chinese nationals linked to the company have been summoned for questioning but were yet to appear before investigators . While the corps did not name the individuals, the summoning indicates that the investigation is reaching into the upper management levels of the company, and the NSCDC has made it clear that no one, regardless of nationality or status, will be shielded from prosecution if found culpable.

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“The facility will remain sealed pending the conclusion of investigations,” Afolabi stated firmly . He added that all recovered railway sleepers and tracks would be transferred to the Nigerian Railway Corporation (NRC) as exhibits for prosecution, ensuring that the stolen assets are preserved as evidence in the impending legal proceedings.

In a related development, NSCDC operatives also arrested five additional suspects over the alleged vandalism of railway infrastructure along the Kaduna-Abuja corridor in Gwagwada community, Chikun Local Government Area . Items recovered from those suspects included railway tracks, railway sleepers, and gas cylinders allegedly used to cut and damage the rail infrastructure, further demonstrating the widespread nature of railway vandalism across the region.

The NSCDC Commandant General, Ahmed Audi , has directed the Special Intelligence Squad to ensure a thorough and professional investigation, stressing that anyone found culpable would be prosecuted regardless of their status or nationality . “Under this leadership, the NSCDC will not treat economic sabotage with kid gloves. We are going after the sponsors,” the Commandant General was quoted as saying. “This operation marks the beginning of a new phase in our crackdown on syndicates supporting vandalism under any disguise.”

Audi urged members of the public to continue providing credible intelligence to support efforts aimed at curbing vandalism and protecting critical national assets . He commended the judiciary for granting the court order that enabled the sealing operation and appreciated members of the media for supporting efforts to expose economic crimes and safeguard national assets.

This is not the first time a Chinese-linked steel company has been implicated in Nigeria’s railway vandalism crisis. In May 2021 , the Nasarawa State Police Command arrested Marra Thai , a Chinese national and manager of Yong Xing Steel Company in Tunga Maje, Abuja, for allegedly acting as a “criminal receiver” of stolen railway tracks and sleepers . That case also led to the arrest of a governor’s aide, two police officers, an NSCDC personnel, and a former supervisory councillor, highlighting the deep and persistent nature of the criminal networks targeting Nigeria’s railway infrastructure.

The destruction and theft of Nigeria’s railway infrastructure represent one of the gravest threats to national development and security. Across the nation, from the Warri-Itakpe line to the Abuja-Kaduna corridor , the Eastern and Western Districts, the Lagos-Ibadan railway, and throughout the Northern network, vandals systematically dismantle tracks, steal armoured cables, and pillage essential equipment. The NSCDC’s latest operation demonstrates a renewed commitment to dismantling the supply chains that make this vandalism profitable.

As of May 25, 2026 , Inner Galaxy Steel Company’s facilities across Nigeria remain sealed. The 12 arrested suspects are in NSCDC custody, and investigations are ongoing. Chinese nationals linked to the case have been summoned but have yet to appear before investigators. The NSCDC has stated that anyone found culpable will face prosecution in accordance with the law, sending a clear message that economic sabotage will not be tolerated.

NSCDC Seals Chinese-Linked Steel Company, Arrests 12 Over Railway Track Vandalism

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NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi

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NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi

 

The Nigerian Railway Corporation has raised fresh concern over  reported coordinated attacks on railway infrastructure in parts of the country, warning that the growing wave of vandalism may trigger fatal train accidents and undermine billions of naira invested in the rail sector.

The corporation said recent incidents recorded in Plateau and Bauchi states have exposed a dangerous trend of deliberate destruction and illegal removal of railway materials critical to safe train operations and national economic activities.

According to a statement issued by the Chief Public Relations Officer of the NRC, Callistus Unyimadu, one of the latest incidents occurred on May 21, 2026, when a truck loaded with suspected vandalised railway materials got stuck between Kuru and Science School in Plateau State, exposing the activities of criminal elements involved in the theft and illegal transportation of railway assets.

The NRC also disclosed that along the Zango axis in Bauchi State, between Kilometer 878 and 889, railway slippers were completely removed on both sides of a level crossing, leaving only a few disconnected rail components behind.

The corporation warned that the destruction of railway tracks, slippers, clips, fastenings and signalling materials poses grave danger to rail transportation, noting that such acts could lead to catastrophic train accidents, disruption of services, loss of lives and severe economic setbacks.

Describing the development as an attack on critical national infrastructure and public safety, the Managing Director and Chief Executive Officer of the NRC, Kayode Opeifa, condemned the persistent vandalism, saying it amounted to sabotage against national progress.

He noted that the increasing incidents across the North Central and North East railway corridors indicate an alarming pattern requiring urgent intervention from security agencies, state governments, traditional rulers, community leaders and residents living along rail lines.

Opeifa appealed to Nigerians to regard railway infrastructure as a strategic national asset built with taxpayers’ money to support transportation, trade and economic growth, stressing that such facilities should not be reduced to scraps for illegal business activities.

He warned vandals, scrap dealers and other individuals involved in the unlawful purchase, destruction or movement of railway materials to desist immediately or face prosecution.

The corporation further called on security agencies to strengthen surveillance and enforcement operations around railway corridors nationwide, while urging members of the public to remain vigilant and promptly report suspicious activities around railway facilities.

The NRC urged Nigerians to join hands in protecting railway infrastructure, insisting that the nation’s rail system remains too important to be left vulnerable to criminal attacks.

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Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service 

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Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service 

 

The Nigerian Railway Corporation has announced additional train services on the busy Lagos–Ibadan corridor ahead of the Sallah celebration, citing an anticipated surge in passenger traffic during the festive period.

In a statement signed by the Corporation’s Chief Public Relations Officer, Callistus Unyimadu, the rail operator said six train trips would operate on Tuesday, May 26, 2026, instead of the regular four trips currently running on the Lagos–Ibadan Train Service (LITS) route.

According to the NRC management, the temporary increase is aimed at easing movement for Nigerians travelling to celebrate Sallah with their families and loved ones.

Under the special arrangement, trains will depart from the Lagos end at 7:45am, 1:40pm and 4:00pm, while departures from Ibadan are scheduled for 8:00am, 10:50am and 4:30pm.

The corporation stressed that the expanded operations are only for the Sallah travel window, noting that the normal four-trip Tuesday timetable would resume immediately after the festivities.

It also disclosed that the recently introduced six-trip Thursday operations on the corridor would be temporarily scaled down next week, with only four trips scheduled for Thursday, May 28, during the review period. The regular Thursday six-trip schedule will return the following week.

Meanwhile, the Osun State Government is set to operate its annual free Sallah train service on the NRC narrow gauge line for indigenes travelling home for the celebration in Osogbo.

The special train service will depart from Iddo Station in Lagos on Tuesday, May 26, while the return journey from Osogbo to Lagos is scheduled for Thursday, May 28.

NRC explained that the service, traditionally provided during festive seasons, is being sponsored by the Osun State Government through a paid partnership with the Corporation to enable Osun indigenes travel free of charge for the Sallah celebration.

The management reaffirmed the corporation’s commitment to providing safe, efficient and reliable rail transport services across the country, while wishing Nigerians a peaceful and memorable Sallah celebration.

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