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FBI warned Nigeria about scammers, kidnappers using cryptocurrency to defraud – Report
There are indications that the Nigerian government has been warned by the United States’ Federal Bureau of Investigation (FBI), about the activities of fraudsters using cryptocurrency to bring illegally obtained hundreds of millions of dollars into the country, mostly from the US.
This was said to have particularly targeted COVID-19 stimulus packages designed to cushion the impact of lockdown measures on businesses and working families in these countries.
The FBImis the US government’s main law-enforcement and domestic intelligence agency
A reliable source at the Presidency said, “These fraudsters remitted between $200 and $300 million to Nigeria every week, using cryptocurrencies.
“The central bank and the Federal Government were clearly alarmed by this development and had to act fast before irreparable damage is done to the economy.”
The sourced added that more disturbing was that intelligence reports indicated that kidnappers had switched to bitcoin for ransom payments, making it increasingly difficult to trace.
A cryptocurrency (or crypto) is a digital unregulated currency that could be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.
Much of the interest in the currency, not backed by any government, is to trade for profit, with speculators at times driving prices skyward.
In an interview at a Reuters’ online event last week Wednesday, President of the European Central Bank, Christine Lagarde said of bitcoin: “It’s a highly speculative asset that has led to some reprehensible activity, including money laundering, and any loopholes need to be closed.
“There has to be regulation. This has to be applied and agreed upon at a global level because if there is an escape that escape will be used.”
But the FBI was said to have discovered that fraudulent Nigerians, popularly known as yahoo boys, took control of large chunks of money released as stimulus in the wake of the devastating effects of the COVID-19, which has put many Americans out of jobs.
To avoid detection, the fraudsters had been reportedly sending millions of dollars to Nigeria through cryptocurrency.
This made it difficult for the authorities in both Nigeria and the US to trace the illicit money.
To prevent the use of the funds to destabilise the Nigerian economy, the Central Bank of Nigeria was prompted to wield the big stick.
In the last six months, Nigeria is said to have become the second country in the world with the biggest cryptocurrency transactions.
To make matters worse, investigations by FBI showed Nigeria did not have the underlining economic base to justify the massive flow of funds on a weekly basis.
To compound the issue was how the inflows were being routed, leaving investigators puzzled by the complicated channels in the digital money world of anonymity.
After the FBI tip-off that these funds being pumped into cryptocurrency were products of fraud, the Federal Government, acting through the CBN, had to ban cryptocurrencies in Nigeria.
The CBN had, at the weekend, directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for cryptocurrency exchange, with immediate effect.
The banking regulatory authorities directed banks to expose any individual and entity running such accounts, warning that failure to adhere to the directives would attract strict sanctions.
The CBN, in its circular on the issue, cautioned deposit money banks, (DMBs) non-bank financial institutions (NBFIs) and other financial institutions (OFIs) as well as members of the public on the risk associated with transactions in cryptocurrency.
The Director of Banking Supervision, Bello Hassan, and the Director of Payments System Management Department, Musa Jimoh, signed the circular.
It said, “Further to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.
“Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.
“Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect.”
But the CBN’s action immediately attracted heavy criticisms from the Nigerian public, with a former Vice President, Alhaji Atiku Abubakar, advising the apex bank to reverse the decision, arguing that the country could not close its economy at this time.
In a statement personally signed, Atiku said the number one challenge facing Nigeria was youth unemployment, explaining that it was not just a challenge, but also an emergency, because it affected the economy, and exacerbating insecurity in the nation.
Speaking against the backdrop of the decision of the CBN to ban and restrict banks transactions in the cryptocurrencies, Atiku said, “What Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy especially, after today’s report by the National Bureau of Statistics indicated that foreign capital inflow into Nigeria is at a four year low, having plummeted from $23.9 billion in 2019, to just $9.68 billion in 2020.”
He said already, the nation had suffered severe economic losses from the border closure, and the effects of the #COVID19 pandemic.
Atiku stated, “This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.
“It is possible to regulate the sub-sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown.
“There is already immense economic pressure on our youths. It must be the job of the government, therefore, to reduce that pressure, rather than adding to it.”
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DHQ Launches Fresh Offensive in Katsina to Hunt Killers of Retired General Rabe
DHQ Launches Fresh Offensive in Katsina to Hunt Killers of Retired General Rabe
KATSINA, Nigeria — The Defence Headquarters Joint Task Force North West has launched a fresh military offensive code-named Operation Clean Sweep III in Katsina State, aimed at hunting down and eliminating the bandits and terrorists responsible for the abduction and subsequent death in captivity of the former Defence Spokesperson, retired Major General Rabe Abubakar.
A statement released on Monday by Media Information Officer of the Joint Task Force (North West) under Operation Fansan Yamma, Lieutenant Colonel Aliyu Danja, said the offensive, which kicked off on Sunday, June 14, 2026, focuses on the Matazu Local Government Area and adjoining communities where the criminal networks operate. The operation was launched in direct response to the incident that led to the retired general’s death, with the military stating that the offensive is aimed at locating and neutralizing the perpetrators of the “heinous act,” dismantling criminal networks, and restoring security within the affected communities.
General Rabe and his wife, Hajiya Amina Abubakar, were abducted by suspected terrorists on May 30, 2026, along the Marabar Musawa–Kafinsoli Road in Matazu LGA. The retired general was traveling with his driver and wife to Katsina for a wedding ceremony when the terrorists emerged near a village called Zakin Baure, blocked the road, and opened fire on his vehicle, a red-coloured Peugeot 406 car. The driver escaped with gunshot injuries and was later admitted to a hospital.
While the retired general died while being held in the kidnappers’ den and was buried on June 13, his wife is believed to still remain in the hands of the captors. The late senior military officer was laid to rest on Sunday at about 6:00 p.m. at the Gidan Dawa Cemetery, located opposite his residence in Katsina metropolis, following funeral prayers attended by a large crowd of mourners.
The military confirmed that troops have already recorded notable successes since the operations commenced. To crush the criminal syndicates, fighting patrols, intelligence-led raids, cordon-and-search operations, and thorough clearance missions have been deployed across all suspected terrorist enclaves within the Joint Operations Area.
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The Defence Headquarters revealed that breakthroughs have already been achieved in the Dikkawa Hills general area, as well as surrounding communities including Adua, Nasarawa, and Karaduwa. During these intensive operations, troops successfully searched and combed several criminal enclaves, discovering and completely destroying the terrorists’ life-support structures, operational logistics bases, and camps. The JTF emphasized that the destruction of these hubs has severely degraded the criminals’ ability to launch attacks or operate freely within Katsina State.
The military said the offensive is being conducted in collaboration with sister services, other security agencies, and local stakeholders, whose support has contributed to ongoing efforts to improve security in the state. The Theatre Command reassured residents of Matazu and surrounding communities of its commitment to protecting law-abiding citizens and denying terrorists and bandits freedom of movement within the region.
The Theatre Command also urged members of the public to continue providing credible and timely information that could assist security agencies in tracking and apprehending criminal elements, assuring that all information received would be treated confidentially. The command added that troops would sustain pressure on terrorists and bandits until the objectives of Operation Clean Sweep III are fully achieved, with further updates to be provided as the operation progresses.
General Rabe, who served as the Director of Defence Information at Nigeria’s Defence Headquarters between 2015 and 2017, had a high-profile role as military spokesman. The military paid tribute to the major general, describing the loss as “tragic” and noting that he made “immense contributions to counter-insurgency operations.” According to local media reports, he was 61 when he died.
The abduction and death of Abubakar highlight the continuing security challenges facing parts of north-west Nigeria, where criminal gangs known locally as “bandits” frequently carry out kidnappings for ransom, as well as cattle rustling and attacks on rural communities. Katsina has been one of the states most affected by the violence.
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Some local government areas in Katsina, including Jibia, Batsari, Kurfi, Safana, Danmusa, Matazu, Musawa, Kankara, Faskari, Malumfashi, and Bakori, had previously agreed to establish peace accords with terrorists in their areas. However, while some of these areas have seen relative calm, the situation in Matazu, Bakori, Musawa, Kankia, and Malumfashi has only deteriorated. The Marabar Musawa–Musawa–Matazu–Kafin Soli road where the general was abducted became volatile after the peace deal broke.
Even before the May 30 abduction, there were several cases of abduction on the road as well as attacks on communities and towns in the area. According to reports, Muhammadu Fulani, the terrorists’ leader in the Matazu-Musawa area, accused the state government of arresting three of his men and seizing his livestock. The abductors had demanded the release of detained bandits and the return of confiscated livestock as conditions for his freedom.
On June 6, the terrorists released a video clip of the couple begging for the government to rescue them. The wife, who spoke, asked the government to facilitate the release of some three terrorists arrested by security agents in exchange for the couple’s freedom. On June 8, the terror group leader, Muhammadu Fulani, said he would not release the wife of the general as promised, after the government dispatched security agents to the area to fight him.
On June 12, a special prayer session was organised at the Sa’ad Bin Abi Waqqas Mosque in Barhim Estate, Katsina city, at 5 p.m. Several relatives and friends attended the prayer session, where the Imam called on the government to ensure the safe return of Rabe, his wife, and all abducted victims. On the morning of June 13, a WhatsApp message began circulating, especially in Katsina, saying the general had died Friday night, June 12.
On Saturday, the Katsina State Government confirmed Abubakar’s death, with Commissioner for Internal Security and Home Affairs Nasiru Mu’azu stating that he “died a natural death from complications of diabetes and hypertension.” However, family members and other sources countered the claim, saying the late major general had no history of diabetes. They maintained that he died after being bitten by a snake while being held captive by the kidnappers.
Speaking in an interview with Deutsche Welle (DW), Isyaku Rabe, the deceased’s son, described the government’s account as inaccurate, insisting that his father had no known history of either diabetes or high blood pressure before his abduction. “Our father was not diabetic or hypertensive,” he said. The family also dismissed reports circulating on social media suggesting that the late general’s wife had regained her freedom. According to Isyaku, his mother remains in captivity, contrary to some sources who claimed she was released alongside her husband’s remains.
Recounting the family’s ordeal, Khadija Rabe Abubakar, the general’s daughter, said they initially believed their parents would be rescued alive. “When we heard the news of our father’s death, we were shocked and heartbroken because we had hoped they would be rescued alive and unharmed, based on assurances from many quarters,” she said. “We buried our father without our mother by our side. That pain is indescribable. Every day she remains in captivity deepens our trauma.”
DHQ Launches Fresh Offensive in Katsina to Hunt Killers of Retired General Rabe
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Grand Imam of Osun Presents New Olori-Ratib of Osogbo to Muslim Congregation
Grand Imam of Osun Presents New Olori-Ratib of Osogbo to Muslim Congregation
The Grand Imam of Osun State, Sheikh Musa Muhammad Rabi’i Animasaun, has officially announced and presented the newly appointed Olori-Ratib of Osogbo Land, Sheikh Imam Surajudeen Ademola Oloye-Irorun Iyalode, to the Muslim community during a special gathering at the Central Mosque, Oja-Oba, Osogbo.
The announcement, which marked a significant milestone in the religious leadership structure of Osogbo Land, came shortly after the Grand Imam formally introduced the new Olori-Ratib to the Ataoja of Osogbo, Oba Jimoh Oyetunji Olanipekun Abidemi Larooye II, during the monthly prayers of the Muslim community held at the royal palace.
Addressing a large congregation of Muslim faithful at the Central Mosque, Sheikh Animasaun described the new Olori-Ratib as a committed Islamic scholar, seasoned cleric, and a capable leader entrusted with the responsibility of coordinating and overseeing the activities of Ratib Imams across Osogbo Land.
The Grand Imam emphasized that the appointment was made after careful consideration and expressed confidence in the ability of Imam Oloye-Irorun Iyalode to provide spiritual guidance and strengthen the administration of Islamic affairs within the ancient town.
The formal presentation was greeted with enthusiasm and prayers from members of the Muslim community, who welcomed the new religious leader and pledged their support for his administration. The gathering also served as a demonstration of unity among Islamic scholars, clerics, community leaders and worshippers in Osogbo.
Speaking shortly after his presentation, the newly appointed Olori-Ratib expressed profound appreciation to the Grand Imam of Osun State, the Nahibul-Imam, the Grand Mufasir, Ratib Imams, Islamic scholars and members of the Muslim community for the confidence reposed in him.
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He assured the congregation of his commitment to preserving the values and traditions of Islamic leadership while promoting peace, unity and cooperation among Muslims in Osogbo and beyond.
According to him, his administration would focus on strengthening harmony among Islamic groups, advancing religious education and contributing to the overall growth and development of Islam across Osogbo Land and Osun State.
The event was attended by prominent Islamic scholars, clerics, community leaders and worshippers, who offered prayers for divine guidance, wisdom and success for the new Olori-Ratib as he assumes his new responsibilities.
Observers described the occasion as a landmark moment in the history of Islamic leadership in Osogbo, noting that it further reinforced the longstanding relationship between the Muslim community, traditional institutions and religious authorities in the town.
The presentation is expected to usher in a new phase of collaboration among Islamic leaders in Osogbo as efforts continue to strengthen religious activities and promote unity within the Muslim Ummah.
Grand Imam of Osun Presents New Olori-Ratib of Osogbo to Muslim Congregation
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Recruitment: Board Releases Successful Immigration, NSCDC, Fire Service Applicants
Board Releases Successful Immigration, NSCDC, Fire Service Applicants
The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has released the list of successful candidates who participated in the November 2025 Online Computer-Based Test (CBT) for the ongoing 2024/2025 paramilitary recruitment exercise.
According to a statement issued in Abuja on Saturday by the Board Secretary, retired Maj.-Gen. Abdulmalik Jibril, successful applicants across the participating agencies are now expected to proceed to the next stage of the exercise, which is physical screening and document verification.
The recruitment covers four major paramilitary agencies under the board, including the Nigeria Security and Civil Defence Corps (NSCDC), Nigeria Immigration Service (NIS), Federal Fire Service (FFS), and the Nigerian Correctional Service (NCoS).
Applicants who took part in the CBT are to check their status on the official CDCFIB recruitment portal between June 15 and June 20, the Board announced.
Candidates are required to log in using the application number generated during registration to confirm whether they have been shortlisted for the next stage of the recruitment process.
Shortlisted applicants will also be required to upload their credentials and select preferred dates and venues for their physical screening and document verification exercise, in line with instructions provided on the portal.
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The Board advised all applicants to carefully follow every guideline issued on the portal to avoid mistakes that could affect their eligibility or progression in the recruitment exercise.
According to CDCFIB, successful candidates will proceed to the physical screening stage, where their documents, identity, and eligibility details will be thoroughly verified before final selection.
Officials explained that this stage is critical in determining final qualification into the various paramilitary services, as only candidates who meet all requirements will advance.
Applicants were urged to ensure that all submitted documents are authentic, accurate, and properly uploaded, warning that inconsistencies could lead to disqualification.
The CDCFIB also reiterated that the entire paramilitary recruitment exercise remains completely free of charge, warning applicants against fraudsters demanding payment at any stage of the process.
It stressed that no individual, agent, consultant, or organisation has been authorised to collect money for shortlisting, venue allocation, or final selection.
“The recruitment exercise remains absolutely free. Applicants should not pay money to anyone claiming to assist with the process,” the statement warned.
The Board further advised candidates to ignore fake messages, fraudulent links, and unofficial social media accounts spreading false recruitment information.
It emphasised that all official updates on the CDCFIB recruitment process will be communicated strictly through the official recruitment portal and approved communication channels.
Applicants were urged to rely only on verified sources to avoid falling victim to scams targeting job seekers during the recruitment exercise.
Finally, Board Secretary Maj.-Gen. Abdulmalik Jibril reaffirmed CDCFIB’s commitment to ensuring a transparent, credible, and merit-based recruitment process in line with public service rules.
He added that the exercise is designed to ensure fairness across all participating agencies, including the NSCDC, Immigration Service, Fire Service, and Correctional Service.
Board Releases Successful Immigration, NSCDC, Fire Service Applicants
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