DEFENCE
EFCC Chair Mulls Global Action against Financial Crimes
Mr Abdulrasheed Bawa, Chairman, Economic and Financial Crimes Commission [EFCC], has called for collective and collaborative approach by authorities globally in dealing with the challenges of financial crimes.
Bawa made the call on Monday in a keynote address he presented at the 38th Cambridge International Symposium on Economic Crimes, themed, “Economic Crime-Who pays and who should pay?”
It was organized by the Centre for International Documentation on Organised and Economic Crime (CIDOEC), Jesus College, University of Cambridge, United Kingdom.
According to a statement by the commission’s Spokesman, Wilson Uwujiaren, the EFCC boss said that “economic crimes are largely illegal acts committed for private gain,”
“They affect the vital structures of global economies, causing significant damage to the Global Financial System and depriving developing nations of the needed resources for sustainable development”.
He noted that developed countries were not immune from the scourge which has “magnified with the proliferation of cyber-crimes which threaten the stability of Global Financial Institutions.”
The EFCC boss pointed out: “New typologies of economic crimes such as the growth of cryptocurrencies, portray a far greater danger to the world economy.
“Criminals now choose to transact or receive illegal monies (such as ransom money) for cyber-attacks in Cryptocurrencies with Bitcoin and Ethereum as the most commonly used medium of these exchanges.”
Bawa commended the choice of the theme, which, he said, offered a platform to interrogate the challenges of economic crimes.
He stressed that victims of crime continue to suffer globally from the effects of financial crimes, either directly or indirectly as part of a social system.
He said that the determination of “who pays or who should pay,” becomes a critical measure of the criminal justice system in place.
The EFCC chairman underlined the imperatives of an impartial judiciary in ensuring, “the perpetrators of acts and not the victims pay for their crimes.”
He highlighted some of the transparency and accountability achievements of the Nigerian government under the leadership of President Muhammadu Buhari.
They include; enactment and amendment of relevant laws to enhance public accountability and reforms such as Treasury Single Account and the Whistle Blower Policy, among others.
Bawa further pointed out that EFCC, as the rallying point in the fight against economic crimes in Nigeria, has recorded important milestones in investigations, prosecutions and assets recovery.
“Since its establishment in 2003, the Commission has recorded no less than 3,500 convictions and recovered assets of significant value, including property in Nigeria, the UK, USA, and the UAE.
” All these have measurably contributed to the national efforts against economic crimes in Nigeria,” he said.
The EFCC boss challenged the participants to come up with practical solutions to curb the international threats of economic crimes.
The Chairman of the Symposium, Mr Saul Froomkin, thanked the EFCC boss for his insightful presentation and the support received from Nigeria in organising the event.
Participants at the symposium were drawn from law enforcement, security agencies, accountability institutions and select stakeholders from across the world. [NAN]
DEFENCE
Defence Minister Lauds Troops in Kaduna
The Minister of Defence, Mohammad Badaru, said he will be visiting military formations in Kaduna State, including Birnin Gwari and Kachia.
According to him, the visit is to commend the troops for their efforts and encourage them to maintain momentum in the fight against insecurity.
The minister made this known when he led a delegation on a courtesy visit to the Kaduna State Government House on Thursday.
He praised the state government, led by Gov.
Uba Sani, for its support, highlighting infrastructure rehabilitation, patrol vehicles’ donations and the provision of NYSC camps for troops’ accommodation.Badaru also lauded the collaboration between the state and federal governments, emphasising the importance of continued cooperation to tackle insecurity in the North-West.
Sani, while responding, reiterated the state’s commitment to bolstering security in the state
The governor highlighted the significance of the visit, saying that it allowed the finalisation of preparations for the launch of Operation Fansan Yamma, a new theatre command for the North-West and neighboring states like Niger.
He described the operation as a strategic initiative to address the complex security challenges in the region.
Sani lamented the devastating effects of insecurity on the North-West, which once served as Nigeria’s food basket.
He decried, ”But it now faces widespread food insecurity, poor access to healthcare, and educational disruptions.”
Sani, however, expressed optimism that the establishment of the joint military theatre would lead to improvements in these areas.
According to hi, it will also create a better environment for investment, economic growth, and the revival of key infrastructure.
Sani also urged the minister to review Operation Safe Haven in Southern Kaduna for possible restructuring under the 1 Division in Kaduna.
The governor also provided updates on the progress of Operation Safe Corridor in the North-West, thanking all the parties involved in its development.
Sani stressed the need for stronger collaboration among the security agencies and neighboring states to create a unified strategy against terrorists, bandits, and kidnappers.
He also called for a ‘Marshall Plan’ for the North-West’s development, with the newly established North-West Development Commission.
Sani stated that this would lead efforts to address the root causes of insecurity, including poverty and lack of infrastructure.
He also expressed gratitude to President Bola Tinubu and the military high command for their support.
Sani also pledged to continue pushing for reforms that would strengthen security in the North-West and across Nigeria.(NAN
DEFENCE
Military Destroys 65 Illegal Refining Sites in 1 Week – DHQ
The Defence Headquarters (DHQ) says the troops of Operation Delta Safe destroyed 65 illegal refining sites across the Niger Delta region in the last one week.The Director of Defence Media Operations, Maj.-Gen. Edward Buba, made this known while briefing newsmen on the operations of the armed forces, on Thursday in Abuja.
Buba said the troops also discovered and destroyed two dugout pits, 58 boats and 39 storage tanks, 13 cooking ovens, 35 drums, one motorcycle, one tricycle, four speed boat and 13 vehicles during the period. He said the troops also recovered 789,200 litres of stolen crude oil and 64,950 litres of illegally refined AGO.He added that troops rescued one kidnapped hostage, apprehended 35 suspected oil thieves and other violent extremist as well as recovered assorted arms.According to him, the Air Component conducted air interdiction aimed at curbing security challenges, crude oil theft, and damage of oil and gas infrastructure among others.“During the operations, several illegal refining sites, storage tanks, reservoirs, barges and boats were destroyed,” he said.In the South East, Buba said the troops of Operation UDO KA, had meeting engagement with suspected terrorists, conducted raid, offensive operations as well as arrested violent extremists/IPOB/ESN terrorists in Anambra, Ebonyi and Imo States.He said the troops neutralised nine terrorists, apprehended 21 violent extremists and rescued 14 kidnapped hostages as well as recovered large cache of arms and ammunition. (NAN)DEFENCE
Troops Eliminate 8 Terrorists, Rescue 40 Hostages – Army
The Nigerian Army says its troops have eliminated eight terrorists and rescued 40 abducted individuals in a series of coordinated operations across the country.The army, in a post on its official X Handle on Monday, said the recent victories had further tightened the noose around the necks of unrepentant terrorists and their collaborators.
The post added that the troops also apprehended a notorious arms courier found with a large cache of ammunition, striking a major blow against arms proliferation by criminal elements. According to army, troops, acting acting on genuine intelligence on Sept. 28, conducted a strategic stop-and-search operation along the Lafia-Keffi Road in Nasarawa State.“This resulted in the arrest of a firearms courier and the recovery of 303 live rounds of 7.62mm (special) ammunition concealed in a bag.“The suspect and the vehicle were immediately taken into custody, and further investigations are ongoing to apprehend his accomplices.“In another operation in Kaduna State, troops executed precision strikes in the forests near Danmari and Saulawa villages in Birnin Gwari Local Government Area, where one terrorist was eliminated.“Additional engagements in Ankwa village of Kachia Local Government Area also led to the annihilation of two more terrorists and the recovery of a locally made firearm, 11 rounds of 7.62mm (special) ammunition, and a motorcycle used by the terrorists,” it said.The post also revealed that troops in an encounter with fleeing terrorists at Faayijiwa Fandanari village in Magumeri Local Government Area of Borno, recovered two AK-47 rifles, 61 rounds of 7.62mm (NATO), 51 rounds of 7.62mm (special ) ammunition, hard drugs and various supplies.It said the terrorists abandoned the firearms and ammunition after succumbing to the troops’ superior firepower.According to the post, further operations in Gwoza Local Government Area resulted in the neutralization of three terrorists near Ashigashiya village, while vigilant troops responding to credible intelligence, pursued and intercepted a convoy suspected of transporting logistics to terrorists at Gubio.“Three vehicles loaded with food supplies intended for terrorist camps were seized, and the sum of N2,400 recovered.“The efforts in Kukawa Local Government Area yielded another victory as troops, acting on intelligence, intercepted terrorists attempting to relocate abducted victims from Cijin village.“The terrorists fled upon sighting the troops, abandoning 38 hostages, including six men, eight women, and 24 children, who were safely rescued by the troops.“Meanwhile, in Yobe, troops responding to reports of terrorists extorting civilians staged a successful ambush in Sasawa village in Damaturu Local Government Area.“The troops neutralized one terrorist and recovered one AK-47 rifle along with a motorcycle.“The Chief of Army Staff has commended the troops for their bravery and relentless fight for peace. He also expressed gratitude to the citizens whose continuous provision of credible information has been instrumental in these successes.“The Nigerian Army remains steadfast in its mission to obliterate terrorism and safeguard the lives of all Nigerians,” it added. (NAN)