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EFCC Recovers Over N248 Billion and Seizes Assets from Nigerian Fraudsters in Canada

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The Economic and Financial Crimes Commission (EFCC) has announced significant recoveries amounting to N248.75 billion, $105.42 million, £53,133, €172,547, and other foreign currencies, including ¥74,859 in Chinese Yuan and CFA 7,821,375 West African Francs, between October 18, 2023, and October 18, 2024.

Chairman Olukoyede highlighted a notable international asset recovery on September 6, when the EFCC returned $180,300 and 53 vehicles to the Royal Canadian Mounted Police (RCMP). These assets, taken from Nigerian fraudsters who targeted Canadian citizens, included $164,000 belonging to a victim named Elena Bogomas and $16,300 to Sandra Butler.

 

Olukoyede also revealed ongoing high-profile corruption cases, with four former governors—Yahaya Bello, Abdulfatah Ahmed, Willie Obiano, and Darius Ishaku—facing charges.

Former ministers Saleh Mamman and Olu Agunloye are also under prosecution, while former Aviation Minister Hadi Sirika is on trial for alleged fraud involving N5.8 billion and N2.8 billion.

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FG Extends NYSC Orientation Camp From 3 to 6 Weeks

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The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.

However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.

“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”


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Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens

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With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.

We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.

We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.


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Federal Government Clarifies Position on Proposed Tax Recommendations

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The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.

The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.

“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”


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