IGP DISU PAYS OPERATIONAL VISIT TO AKWA IBOM, PRESIDES OVER PASSING-OUT CEREMONY OF 1,068 RETRAINED CONSTABLES. (PHOTOS). #PRESS RELEASE.

-
Image
 IGP DISU PAYS OPERATIONAL VISIT TO  AKWA IBOM, PRESIDES OVER PASSING-OUT CEREMONY OF 1,068 RETRAINED CONSTABLES The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc(+), NPM, today, 30th April 2026, undertook an official visit to Akwa Ibom State, where he paid a courtesy call on the Executive Governor, His Excellency, Pastor Umo Eno, ahead of the passing-out ceremony of retrained Police Constables in Uyo. The engagement with the State Government focused on strengthening institutional collaboration in support of ongoing policing reforms anchored on professionalism, accountability, and intelligence-led operations.  The Inspector-General of Police reaffirmed the commitment of the Nigeria Police Force to building a modern, service-driven institution that prioritizes public trust and operational efficiency. Governor Umo Eno, in his remarks, welcomed the Inspector-General of Police and commended the Nigeria Police Force for its ongoing reforms aimed at improving profe...
Post a Comment

OLUKOYEDE WARNS BDC OPERATORS AGAINST ILLEGAL CASH MOVEMENTS . (PHOTOS). #PRESS RELEASE

-


 Olukoyede Warns BDC Operators against Illegal Cash Movements 


The Executive Chairman of the Economic and Financial Crimes Commission,  EFCC,  Mr. Ola Olukoyede has warned Bureau De Change,  BDC,  Operators and other business stakeholders across the country against illegal cash smuggling


He gave this charge in Kano on Saturday,  April 26,  2025 at a joint sensitization program organized by the Nigeria Customs Service, NCS, the Independent Corrupt Practices and Other Related Offences Commission, ICPC, and the EFCC to educate participants on legal protocols for cash movement across Nigeria borders. 


Under the theme “Illegal Cash Movement Through Nigerian Airports: Consequences, Legal Frameworks, and EFCC’s Enforcement Role,”  Olukoyede,  who spoke through the Kano Zonal Director of the EFCC,  Commander of the EFCC,  CE Ibrahim Shazali,  underscored the severe repercussions of non-compliance with Nigeria’s financial regulations. He emphasized that illicit cash movement undermines economic stability and fuels crimes such as money laundering, terrorism financing and corruption. 


Olukoyede also outlined the legal frameworks governing cash movements, including the EFCC Act (2004), Money Laundering ( Prevention and Prohibition Act) 2022 and Central Bank of Nigeria guidelines. He reiterated that individuals transporting cash exceeding $10,000 (or its equivalent) must declare it to the Nigeria Customs Service, as failure to do so constitutes a criminal offense.


“Nigeria, as a signatory to international anti-money laundering conventions, has established strict laws to regulate the movement of cash in and out of the country. The Central Bank of Nigeria (CBN) Act, Money Laundering (Prevention and Prohibition) Act 2022, and the EFCC Establishment Act provide clear guidelines on cash declarations and penalties for violations”.


“Despite these laws, many travelers, whether businessmen, pilgrims, or tourists, still engage in illegal cash movements, either out of ignorance or deliberate attempts to evade financial regulations. Today, we will clarify the legal requirements, reporting obligations, and consequences of non-compliance”. 


“The consequences of illegal cash trafficking are grave—ranging from imprisonment, hefty fines, to forfeiture of assets. The EFCC, in collaboration with sister agencies, remains resolute in prosecuting offenders and safeguarding the integrity of Nigeria’s financial system,” he said. 


Section 3(3) of the Money Laundering (Prevention and Prohibition) Act declares cash transportation above $10,000 (or equivalent) without declaration illegal and Section 18 of the same Act mandates BDCs to report suspicious transactions to the NFIU (Nigeria Financial Intelligence Unit).


The sensitization program highlighted the inter-agency commitment to enforcing compliance. Representatives from the NCS and ICPC reinforced the importance of adhering to anti-corruption laws and cross-border financial regulations. Stakeholders, including BDC operators, were urged to uphold ethical practices and report suspicious activities. 


The EFCC’s boss concluded by calling on all stakeholders for their support and collective vigilance against illicit financial flows in Nigeria. “We urge all stakeholders to prioritize national interest over personal gain. Compliance is not optional; it is a legal and patriotic obligation. Together, we can curb illicit financial flows and promote economic security”,  he said.

More photos below. 



Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more