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Reps summon NNPC, CBN, FIRS, EFCC, probe illicit financial flows

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The House of Representatives has resolved to invite various departments and agencies of the Federal Government over illicit financial flows in Nigeria.

At the plenary on Thursday, the House specifically mandated its committees on Finance; Anti-Corruption; Financial Crimes; Banking and Currency; and Insurance and Actuarial Matters to ‘investigate the phenomenon of illicit financial flows and appraise the Federal Governments current policy framework to curb the continuous loss of Nigeria’s’ revenues to illicit financial flows’.

The House also mandate the committees on finance; national planning and economic development; anti-corruption; financial crimes; banking; and currency and insurance and actuarial matters to appraise the Federal Inland Revenue Service’s current framework for identifying, tracing, preventing and sanctioning cross-border tax evasion and other illicit financial outflows.

The committees are to invite the Minister of Finance, Budget and National Planning, Zainad Ahmed; and heads of the Federal Inland Revenue Service, Economic and Financial Crimes Commission, Central Bank of Nigeria, Independent Corrupt Practices and Other Related Offences Commission, Nigerian Financial Intelligence Unit, Nigerian Export-Import Bank, Nigerian National Petroleum Corporation ‘and any other relevant institutions’.

They are to ‘address the committees on the continuous loss of government revenues to illicit financial flows and present reports on the measures to curb revenue losses, particularly the coordinated implementation of the automatic exchange of information standard, to prevent further revenue leakages, curb tax evasion and money laundering activities’.

These resolutions followed the unanimous adoption of a motion moved by Chairman of the House Committee on Local Content, Ochiglegor Idagbo, titled ‘Need to appraise Nigeria’s legal framework against illicit financial flows’.

Idagbo explained that IFF was the cross-border transfer of capital that was illegally earned, transferred or utilised, and often consisted of commercial money laundering, tax evasion and proceeds of corruption and criminal activities.

The lawmaker said that the socioeconomic development of Nigeria had deeply suffered due to the unabated cross-border financial dealings of the nation’s revenues resulting from illicit financial flows.

Idagbo decried that statistics showed that the amount of revenues lost annually was more than what came in as  development aid.

“The net official development aid received by Nigeria in 2017 was $3,358,790,000, and the United States Agency for International Development has donated over $526.7m in humanitarian assistance to Nigeria and the Lake Chad Basin since 2017. Yet, none of the aforementioned figures matches the estimated $15 and $18bn Nigeria loses to IFFs annually, hence Nigeria continues to struggle with growing inequality, poor infrastructure and lacking service delivery,” he said.

The lawmaker further decried that despite having at least 12 institutions and agencies responsible for tackling IFF and related crimes, Nigeria continued to be menaced by weak regulatory structures and complicity of other financial secrecy.

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Tinubu Orders Release of 300 Containers of Electricity Equipment Trapped at Nigerian Ports

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President Bola Ahmed Tinubu

Tinubu Orders Release of 300 Containers of Electricity Equipment Trapped at Nigerian Ports

President Bola Tinubu has reportedly ordered the release of more than 300 containers of electricity equipment that have remained stranded at Nigerian ports, with some consignments said to have been held for as long as 20 years.

The equipment will undergo technical assessment to determine which items remain usable and can be deployed to support efforts to improve electricity supply across the country.

The development could provide an opportunity to recover valuable power-sector assets that have remained unused at the ports for years, although their actual contribution to electricity generation and distribution will depend on their condition, suitability and cost of rehabilitation.

The Federal Government is also pursuing plans to increase Nigeria’s electricity capacity to 19,000 megawatts (MW), as part of broader efforts to address the country’s persistent power challenges.

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However, the proposed assessment of the stranded equipment will be crucial in determining how much of it can be salvaged and whether it can be integrated into the country’s existing electricity infrastructure.

Nigeria has continued to face electricity supply challenges, including inadequate generation, transmission constraints, distribution difficulties and ageing infrastructure.

The release and possible deployment of the equipment could support ongoing interventions in the power sector if the items are found to be functional and suitable for use.

Further details are expected on the assessment process, the estimated value of the equipment and the timeline for deploying any recoverable items.

Tinubu Orders Release of 300 Containers of Electricity Equipment Trapped at Nigerian Ports

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Ijeh Barracks Mosque: Police Promise to Monitor Reconstruction as MURIC Urges Calm

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Ijeh Barracks Mosque: Police Promise to Monitor Reconstruction as MURIC Urges Calm
MURIC Executive Director, Professor Ishaq Akintola

Ijeh Barracks Mosque: Police Promise to Monitor Reconstruction as MURIC Urges Calm

The Nigeria Police Force has assured the Muslim Rights Concern (MURIC) that its complaint over the demolition of the Ijeh Police Barracks Mosque in Obalende, Lagos State, is receiving attention, with the Lagos State Police Command’s Criminal Investigation Department (CID) promising to monitor the mosque’s reconstruction.

MURIC Executive Director, Professor Ishaq Akintola, disclosed this in an update issued on Thursday, October 29, 2026, following telephone calls from police officials in Abuja and Lagos.

According to Akintola, a senior Muslim police officer at the Police Headquarters in Abuja contacted him to confirm that the authorities were aware of MURIC’s complaint and its public outcry over the alleged refusal of the contractor handling the barracks project to rebuild the demolished mosque.

The officer reportedly assured him that the matter was receiving attention and that the mosque would not be abandoned.

Akintola said he received another call about five minutes later from officials of the Lagos State Police Command’s CID at Panti, who assured him that they would monitor the mosque’s reconstruction.

He declined to disclose the identity of the senior police officer who contacted him from Abuja, saying the officer’s identity should remain confidential.

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Following the communications, the MURIC director urged members and supporters of the organisation to remain peaceful and allow the police authorities to address the matter.

“Therefore, let us relax, remain calm and allow the police authorities to handle the issue,” Akintola said.

He described the calls from the police offices in Abuja and Lagos as signs that the authorities were sensitive to the concerns raised by the Muslim community.

“By contacting us from Police Headquarters, Abuja and also from Lagos Police Command, the Nigeria Police has displayed sensitivity, professionalism and accountability,” he said.

Akintola also thanked MURIC members and supporters for their solidarity during the controversy and urged them to exercise patience while awaiting further action.

The organisation’s complaint followed the demolition of the Ijeh Police Barracks Mosque in Obalende and concerns over the alleged failure of the contractor handling the barracks project to rebuild the facility. MURIC has called for fair treatment of Muslim worshippers and the restoration of the mosque.

However, the police assurances, as relayed by Akintola, do not establish that reconstruction has commenced or that a completion date has been agreed upon. No specific timeline for the rebuilding was announced in MURIC’s update.

The immediate issue is therefore whether the relevant authorities will take concrete steps to ensure that the demolished mosque is rebuilt.

For now, MURIC says it will allow the police to handle the complaint while urging its members to remain calm and peaceful as they await further developments.

Ijeh Barracks Mosque: Police Promise to Monitor Reconstruction as MURIC Urges Calm

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Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate

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Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate
Social Media Influencer Afolabi Kazeem Michael, popularly known as KC Luxury
Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate

The Federal High Court in Lagos has rejected the bail application of Nigerian businessman and social media influencer Afolabi Kazeem Michael, popularly known as KC Luxury, over alleged cocaine trafficking and money laundering, ruling that the defence failed to provide sufficient medical evidence to justify his release.

Justice Musa Kakaki delivered the ruling on Wednesday, October 28, 2026, holding that the application lacked the necessary medical certificate to establish special circumstances warranting bail on health grounds.

“There is no medical certificate to warrant the court to grant him bail,” the judge said.

He added that a defendant claiming to require special medical attention should provide an expert assessment explaining the condition and the need for the requested treatment.

KC Luxury’s lawyer, Emefo Etudo, had asked the court to release his client so he could receive specialised treatment at the Lagos University Teaching Hospital (LUTH). The defence argued that his health had deteriorated and that he required medical attention beyond what was available at the facility where he was being held.

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The application followed concerns about the defendant’s health after he was brought to the court premises in an ambulance on October 23 while receiving oxygen.

During that proceeding, a nurse attached to the Police Hospital in Falomo, Lagos, told the court that KC Luxury had been admitted on October 7 and diagnosed with asthma and sepsis.

The nurse said the defendant remained inside the ambulance because he was receiving oxygen and could not safely be moved into the courtroom.

The defence also alleged that KC Luxury had suffered a collapsed lung and needed specialist care. However, the prosecution opposed the bail request, arguing that the medical evidence did not establish that his condition could not be managed while in custody.

In his ruling, Justice Kakaki reviewed the medical exhibits submitted by the defence but held that they did not sufficiently establish the special circumstances required to grant bail.

The judge also noted that the defence had failed to demonstrate a material change in circumstances that would justify reconsidering the application.

He questioned the argument that KC Luxury needed treatment at LUTH without sufficient evidence showing that the hospital or other available medical facilities could not adequately manage his condition.

Despite refusing bail, the court directed officials of the Ikoyi Custodial Centre to ensure that the defendant had unrestricted access to doctors and medical specialists for examination and treatment.

The judge also ordered an accelerated hearing of the case and adjourned proceedings until November 2, 2026, for the commencement of trial.

KC Luxury is standing trial alongside Boniface Freeman Ochoche Sule and Ikechukwu Ekugo Patriarch on a 22-count charge filed by the National Drug Law Enforcement Agency (NDLEA).

The charges include allegations of conspiring to export 184.5 kilogrammes of cocaine to the United Kingdom and money laundering. The defendants have pleaded not guilty.

According to the NDLEA, the cocaine was intercepted at a courier facility in Lagos before it could be exported. The agency also accused the defendants of involvement in financial transactions and asset acquisitions allegedly connected to the suspected drug operation.

The defendants have yet to be convicted, and the allegations remain before the court.

The latest ruling means KC Luxury will remain in custody while the criminal proceedings continue, with the court directing that his medical needs be addressed during detention.

Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate

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