News
FG losing $64m daily to oil thieves, inaugurates investigative panel
Worried about Nigeria’s continued loss of revenue to oil thieves put at $64m daily, the Federal Government on Tuesday inaugurated an investigative panel to unravel those behind the criminal act and bring them to book.
The National Security Adviser, Major General Babagana Monguno (retd) disclosed this in Abuja as he inaugurated a nine-member Special Investigative Panel (SIP) on oil theft with a mandate to unravel individuals, organisations and groups involved in the Niger Delta region.
He said, “Some sources put the figure of daily crude oil losses at 800,000 bpd. This translates to a loss of income of about $64 million daily at the rate of $80 per barrel. Consequently, it is projected that if this trend continues unchecked and these figures keep fluctuating, it will result in a revenue shortfall of approximately $23bn in 2023.
”This translates to a loss of about N10 trillion when calculated at N445 to $1 exchange rate. This menace assumed a more worrisome dimension with recent discovery of illegal pipeline connection through which Trans Escravos pipeline was siphoned for several years.”
Monguno also said that recent interventions by the security agencies had revealed massive illicit platforms of stealing, ranging from marine evacuations via vessels, and load-outs from illegal operations platforms.
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The panel, according to the NSA, is expected to commence its assignment with immediate effect and submit its report on or before February 21, 2023.
He said Nigeria had consistently failed to meet its daily production quota of about two million barrels per day as provided by the Organisation of Petroleum Exporting Countries (OPEC) due to oil theft orchestrated by unscrupulous elements.
He added that Nigeria’s current crude production struggled to meet even one million barrels per day.
He said the oil and revenue losses were a major threat to the economy, constraining the present administration to revert to less popular monetary and fiscal policies to address revenue side constraints with dire implications.
He noted that the security operations in the region brought to the fore, “a pathetic pattern of organised criminal enterprise of economic sabotage orchestrated by unpatriotic private individuals/groups, local and international companies, leaders and communities that had shortchanged the economy and portrayed the Administration in bad light.
He said the government had been briefed on the dwindling economic fortunes including, inability to replenish foreign reserves and reduction in revenue thereby, affecting accruals into the Federation Account.
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The NSA said, “With the scale of the theft and losses and the alleged complicity of regulatory agencies/officials and security personnel as well as the involvement of international collaborators, the enterprise is deeply entrenched and would be extremely difficult to exterminate without very stern and decisive action by the government.”
The panel has Major General Barry T Ndiomu (retd.) as chairman and Mr David Attah as secretary.
Other members are Mr. Erobiri Uchena, Mrs. Donu-Kogbora, Colonel B.A. Oguntayo (retd.), DIG Zaki Ahmed (retd), Dr Orji Ogbonnaya Orji, Mr. MO Ijere, Rear Admiral Atiku Abdulkadir (retd.), DIG Maigari Abbati Dikko (retd) and, Patrick Okonjo.
According to Monguno, nobody involved in the crime should be spared, whether serving or retired.
“We must fish them out and I guarantee you that they will be taken care of appropriately,” he said.
He rolled out the terms of reference as, to ascertain the circumstances surrounding the illegal insertion into the Trans-Escravos Pipeline (TEP) around Yokri area in Burutu local government area of Bayelsa State; establish the ramifications of crude oil theft/losses in Nigeria; ascertain the causative factors immediate and remote, of crude oil/theft/losses in the country; ascertain the extent of crude oil theft/losses in the country; with the widest possible amplitude identify persons/entities whether public, private or foreign, involved in the criminal enterprise; establish the level of culpability of identified persons/entities in the enterprise; examine the specific roles of Regulatory Agencies; Security Agencies, Tiers/Arms of Government and International Oil Companies (IOCs) in aiding and abetting the criminal enterprise; among others.
News
EFCC Arrests Abuja House Agent Over ₦288 Million Property Fraud
EFCC Arrests Abuja House Agent Over ₦288 Million Property Fraud
The Economic and Financial Crimes Commission (EFCC) has arrested an Abuja-based real estate agent, Hajia Adama Ahmed Adamu, in connection with an alleged ₦288 million property fraud, the agency confirmed on Wednesday.
According to the EFCC, operatives of its Ilorin Zonal Directorate apprehended Adamu following a petition from a complainant, Alhaji Tanko Yawale, who alleged that the agent collected the funds under the pretext of facilitating the purchase of a property at House 31, Haile Selassie Street, Asokoro, Abuja.
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“Following the payment, Hajia Adamu allegedly failed to provide valid property documents and became evasive, raising suspicion and prompting a formal petition to the EFCC,” the commission stated on its official X handle.
Property-related fraud continues to be a recurring concern in Nigeria’s real estate sector, particularly in major cities like Abuja, where unsuspecting buyers often fall victim to agents posing as legitimate intermediaries. In response, the EFCC has intensified enforcement against land and housing scams, urging Nigerians to verify ownership and documentation before making payments.
The suspect is currently in EFCC custody as investigations continue. The commission also reiterated a warning to the public to remain vigilant against fraudulent property schemes and to report any suspected cases promptly.
EFCC Arrests Abuja House Agent Over ₦288 Million Property Fraud
News
Alkali resigns as Transport minister to chase Gombe governor’s seat
Alkali resigns as Transport minister to chase Gombe governor’s seat
The race for Gombe State’s Government House has officially claimed its latest heavyweight contender. Saidu Ahmed Alkali has stepped down from his role as the Minister of Transportation to focus entirely on his 2027 governorship bid.
Alkali’s exit follows a high-profile meeting with President Bola Tinubu at the Presidential Villa on Tuesday.
His departure was formalized via a circular from the Office of the Secretary to the Government of the Federation (SGF), Senator George Akume.
The move is not just about personal timing; it’s about legal compliance. Alkali is adhering to:
* Section 88(1) of the Electoral Act, 2026: Which mandates officials to vacate office before seeking elective posts.
* The INEC Timetable: With party primaries for the 2027 elections looming, the window for transition is closing.
* Presidential Directive: President Tinubu has been firm that any cabinet member eyeing an elective seat must resign before the primary process begins.
Alkali, a veteran politician and former Senator for Gombe North, is now the third member of the Federal Executive Council (FEC) to trade their ministerial portfolio for a campaign trail.
His resignation leaves a vacancy in the Ministry of Transportation at a critical time for the nation’s infrastructure projects, but signals a tightening of the political battlefield in Gombe.
The circular confirming the development was issued by the Permanent Secretary, General Services Office, Ibrahim Kana.
The circular stated that the directive “followed the provisions of Section 88(1) of the Electoral Act, 2026, as well as the timetable released by the Independent National Electoral Commission (INEC) for party primaries ahead of the 2027 election.”
News
US Senator Ted Cruz Alleges Nigerian Officials Behind Christian Killings
US Senator Ted Cruz Alleges Nigerian Officials Behind Christian Killings
United States Senator Ted Cruz has alleged that some Nigerian officials are complicit in attacks on Christians, warning that the United States could impose sanctions on those found responsible.
Cruz made the claim while reacting to the recent Plateau killings, particularly the deadly attack in Jos North area of Plateau State.
In a post on X, the lawmaker stated that American authorities are aware of those allegedly enabling the violence. He accused certain officials of creating an environment where Christians are “routinely persecuted and slaughtered,” adding that the U.S. has the tools to hold such individuals accountable.
The remarks followed a Palm Sunday attack on Angwan Rukuba, where gunmen invaded the community around 8:30 p.m., killing at least 12 people. Police confirmed the victims included 10 men and two women, with additional bodies later recovered during search operations.
The timing of the attack, coinciding with a major Christian observance, has heightened concerns about religious violence in Nigeria, particularly in the Middle Belt region.
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Governor Caleb Mutfwang visited the affected community, expressing sympathy to victims’ families and vowing justice.
“Your pain is my pain, and the pain of Plateau State. My administration will pursue justice relentlessly until the perpetrators are brought to book,” he said.
The state government also announced emergency measures, including free medical treatment for the injured and dignified burials for the deceased.
To prevent further breakdown of law and order, authorities imposed a 48-hour curfew in Jos North, which lasted from midnight March 29 to April 1, 2026. Security presence was also reinforced, with additional personnel deployed to stabilise the area.
Security agencies have since intensified operations to track down those responsible for the attack, while residents remain on edge.
Cruz’s comments have reignited international scrutiny over Nigeria’s security situation, especially recurring violence in the Middle Belt.
However, the Federal Government of Nigeria has consistently rejected claims of targeted religious persecution, maintaining that the violence is driven by criminality, insurgency, and communal conflicts rather than a coordinated campaign against Christians.
President Bola Tinubu has also dismissed allegations of religious genocide, stating that Nigeria’s challenges stem from terrorism and extremism, not faith-based targeting.
Similarly, National Security Adviser Nuhu Ribadu has engaged with U.S. officials in past diplomatic efforts to clarify the country’s security realities.
Despite these assurances, incidents like the Plateau attack continue to raise both local and global concerns, with growing calls for stronger action to curb violence and ensure accountability.
US Senator Ted Cruz Alleges Nigerian Officials Behind Christian Killings
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