OYO POLICE ARREST SIX SUSPECTED COUNTERFEIT CURRENCY DEALERS, RECOVER €8,900 SUSPECTED FAKE EURO NOTES. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE OYO POLICE ARREST SIX SUSPECTED COUNTERFEIT CURRENCY DEALERS, RECOVER €8,900 SUSPECTED FAKE EURO NOTES The Oyo State Police Command has arrested six suspects linked to the possession, circulation and alleged production of counterfeit Euro currency, following a successful patrol operation by operatives of the Command. On 1 September 2026, at about 7:30 p.m., operatives on township patrol around the Labo–Wesley area intercepted three men travelling on a motorcycle. A search conducted on them led to the recovery of 89 pieces of suspected counterfeit €100 notes, with a total face value of €8,900. The suspects were identified as Tijani Saheed, 50, who was found in possession of the suspected counterfeit currency; Oni Oladapo, 67, who is alleged to have supplied the money; Adebayo Saheed, 52, who was the second passenger on the motorcycle; and Hammed Karemu, 25, the motorcycle rider. The circumstances surrounding the involvement of each suspect are being subjected to furth...
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KUWAIT CALLS IRAN’S STRAIT OF HORMUZ CLOSURE AN ECONOMIC BLOCKADE, WARNS OF GLOBAL DOMINO EFFECT. (PHOTO).

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 Kuwait calls Iran’s Strait of Hormuz closure an economic blockade, warns of global domino effect

Kuwait has condemned Iran’s closure of the Strait of Hormuz, calling it an economic blockade that threatens global markets and could trigger a domino effect across supply chains. Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp., said the move is “holding the world’s economy hostage” and announced that Kuwait has declared a force majeure on oil delivery contracts, cutting production to domestic needs only. He warned that the full restoration of Gulf oil output could take months as wells remain shut in Kuwait and neighboring countries.

Al-Sabah emphasized that the crisis extends beyond oil, affecting petrochemicals for food packaging and fertilizer shipments, which could reduce agricultural output in parts of the developing world by up to 50%. He noted that tanker and cargo traffic through the strait has plummeted, disrupting roughly 20% of the world’s oil supply. Iran’s recent missile and drone strikes have targeted Gulf infrastructure, including Kuwaiti refineries and the social security administration, contradicting Tehran’s claim that attacks were limited to U.S. assets. Al-Sabah said emergency oil releases by more than 30 nations, including the U.S., will have a limited impact on the shortfall, and there is no substitute for the strategic waterway.


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