CRIME
How Nigeria Lost $157.5bn to Illicit Financial Flows-Buhari
By Mathew Dadiya, Abuja
Nigerian President, Muhammadu Buhari has disclosed that the country has lost an estimated $157.5 billion to illicit financial flows in nine years – between 2003 and 2012.
The President revealed this on Wednesday while quoting from the 2014 Global Financial Integrity Report in his address to the High-Level National Side-Event organised by the African Union Development Agency and New Partnership for Africa’s Development (AUDA-NEPAD) and the Economic and Financial Crimes Commission (EFCC) in New York, United States at the 74th United Nations General Assembly.
Buhari who spoke on the theme, “Promotion of International Cooperation to Combat Illicit Financial Flows and Strengthen Good Practices on Assets Recovery and Return to Foster Sustainable Development, ” noted that such massive loss of assets, resulted in dearth of resources to fund public services or to alleviate poverty in the country.
According to him, “This is why, as Africans, we have no choice but to break the back of corruption.”
Acknowledging lack of sufficient capital and corruption as impediments to socio-economic development of the continent, the President emphatically restated his administration’s anti-corruption campaign:
“That is why our government has made it a war we intend to win. We will give all it takes to ensure there is no hiding place for purveyors of corrupt practices who are truly enemies of the people.”
Stressing the need to strengthen good practices on asset recovery and return, President Buhari said, “In the last five years, our government has made significant progress to curb corruption,” adding: “We have recovered millions of dollars stolen from our country.”
He noted, however, that “there are still a lot of other funds that are stuck in foreign bank accounts due to international laws, different jurisdictions and justice systems that make it difficult for repatriation.”
Describing Illicit Financial Flows as “illegal movement of funds from one country to another,” President Buhari lamented that, “These flows deplete Africa’s internally generated revenues, foreign exchange earnings, reduce tax revenues, drain natural resources, facilitate corruption and stunt private sector development.”
Citing tax avoidance as another form of illicit financial flow, he quoted the Tax Justice Network and the International Monetary Fund to have estimated over US$200 billion per year as “being lost by developing countries when multinational enterprises do not pay taxes in the countries where they made the profit.”
“This amount is significantly higher than the annual development aid received by these countries which are estimated to be about US$143 billion,” he added.
He commended the organisers of the meeting designed to finding pragmatic ways to promote international cooperation to combat illicit financial flows and strengthen good practices on asset recovery and return, as an arm of sustainable development policies in Africa.
President Buhari also lauded their “shared commitment to root out corruption from our continent.”
The Nigerian leader said, “I am motivated by the belief that, if we join hands, we can bequeath to our children an Africa that is not defined by corruption.”
Emphasizing the imperative of international cooperation towards stemming the incidence of illegal financial flows, President Buhari said, “Any lasting solution to the above challenges will require international cooperation and coordination,” of African countries and their international counterparts.
“This is one reason why the Nigerian Government supports this initiative of AUDA/NEPAD and remains committed until we ensure that there are no safe-havens for stolen assets from Africa,” he declared.
“I have high expectations for this meeting. At the end of the deliberations, I expect other African leaders, to see the pragmatic ideas on how to strengthen our anti-corruption institutions to reduce or effectively eliminate Illicit Financial Flows, ” President Buhari said.
“We need ideas on how to return the stolen assets to their countries of origin. We also need strategies on how to plug the loopholes that enable companies to avoid paying commensurate taxes in their countries of operations. You should deliberate on practical ideas to enhance global acceptable assets tracing and freezing, and boost the recovery governance framework.”
The meeting was also attended by the Presidents of Zambia and Ethiopia.
CRIME
Delta Police Arrest School Bus Driver over Minor’s Kidnapping, Assault
A 28-year-old school bus driver, Onome Ughagha, has been arrested by operatives of the Delta State Police Command for allegedly kidnapping and sexually assaulting a 14-year-old female student in Sapele.
The suspect allegedly demanded and collected ₦503,000 in ransom from the student’s father before abandoning her along Oton Road, Sapele.
The command’s Police Public Relations Officer, Bright Edafe, disclosed this in a statement in Warri on Sunday.
According to Edafe, the incident was reported at the Sapele Area Command on October 20, 2026, by the victim’s father, who alleged that the suspect abducted his daughter while she was preparing to leave for school.
“The suspect subsequently contacted him (the father), demanded ₦503,000 and threatened to kill the minor if the ransom was not paid,” the statement added.
The police said the girl was abandoned along Oton Road after the ransom was paid and later reunited with her family in a traumatised condition, with indications that she had been sexually assaulted.
Following the report, operatives of the Sapele Area Command commenced an investigation, while the victim was taken to a medical facility for examination and treatment.
The school principal and vice-principal were also invited for questioning as the police intensified efforts to apprehend the suspect, who had reportedly abandoned the school bus and fled.
Edafe said the operatives, acting on credible intelligence, traced Ughagha to his hideout in the Ajimele area of Sapele, where he was arrested on October 23, 2026.
The suspect reportedly confessed to his involvement in the crime during preliminary interrogation.
The police spokesman added that arrangements were being made to transfer him to the State Criminal Investigation Department in Asaba for further investigation.
Meanwhile, the state Commissioner of Police, Samuel Erale, condemned the incident and reiterated the command’s commitment to protecting children from all forms of violence and exploitation.
The commissioner assured that “investigations will be thorough and that anyone found culpable will be brought to justice”.
He also urged school authorities, parents and transport operators to “exercise greater vigilance in safeguarding children”, stressing that the safety of every child entrusted to their care must remain paramount.
CRIME
Enugu CP Orders investigation into Man’s Death During Police Operation
From Sylvia Udegbunam Enugu
The Commissioner of Police, Enugu State Command, CP Mamman Bitrus Giwa, has ordered a thorough investigation into the circumstances surrounding the death of Nnaji Izuchukwu (male) during an intelligence-led operation by operatives of the Anti-Cultism Section of the Violent Crime Response Unit (VCRU).
In a statement by the Police Public Relations Oficer, Enugu State command, Daniel Ndukwe said that the CP has directed the Assistant Commissioner of Police in charge of the State Intelligence Department (SID) to establish the facts of the incident and determine whether the operation and use of firearms complied with established operational standards and extant laws.
Preliminary findings indicate that operatives, acting on credible intelligence, raided Bull Hotel, Asata, Enugu, where Nworie Chidera Kelvin, a.k.a. “Akidi,” an alleged notorious drug peddler and Vikings Confraternity member, was lodged with associates. Akidi is reportedly linked to multiple cases involving unlawful firearm possession and cultism, including one in which he was charged in absentia.
He was also suspected of keeping the gang’s firearms and other criminal tools. The operation led to the arrest of Akidi and nine other suspects, comprising males and females aged 17–28. Quantities of dried weeds suspected to be “loud” cannabis, a weighing scale suspected to be used for measuring illicit drugs, and ₦43,400 in various denominations were recovered.
During the operation, Nnaji and another suspect jumped through a window in an attempt to escape. While pursuing them, an operative was confronted by both suspects, who allegedly attempted to disarm him. In the ensuing struggle, the firearm discharged, leaving Nnaji with gunshot injuries, while the other suspect escaped. Nnaji was rushed to hospital, where he was later confirmed dead. His remains have been deposited in a mortuary for preservation and autopsy.
CP Giwa has urged the deceased’s family, associates and other concerned persons to remain calm, assuring them that the circumstances surrounding the incident will be thoroughly investigated and that any officer found culpable will face appropriate disciplinary action. He reiterated that professionalism, ethical conduct and strict adherence to operational standards, particularly those governing the use of firearms, must never be compromised in any police operation.
CRIME
Police Officer Shoots Female Colleague to Death, Kills Self in Kogi
From Joseph Amedu, Lokoja
Kogi State Police Command has confirmed a tragic incident that claimed the lives of two police officers in Ajaokuta Local Government Area after a male officer allegedly shot his female colleague, before turning gun to shoot himself.
A statement issued by the Police Public Relations Officer, Aliu Afusat, an Assistant Superintendent of Police(ASP), on Sunday, said the Command was investigating the fatal shooting at ASCO Camp, Ajaokuta, on October 23, in which two serving police officers died.
According to the statement, “the incident was reported at 11:04 p.
m., and the Divisional Police Officer, Ajaokuta, led a team of police officcers to the scene.“Preliminary findings indicate that Corporal Amos Yusuf, who was on night duty, shot Woman Corporal Grace Onimisi and thereafter shot himself. Both officers were taken to separate medical facilities, where they were confirmed dead by medical personnel. Their remains have been deposited at the mortuary of ASCO Hospital.
“An AK-47 rifle and four expended cartridges were recovered at the scene as exhibits.
“The case has been transferred to the State Criminal Investigation Department (SCID) for in-depth investigation. The circumstances and motive remain subjects of investigation, and the Command will not speculate on matters yet to be established.
“The Commissioner of Police, CP Naziru Bello Kankarofi, psc, mni, extends his condolences to the families, colleagues and loved ones of the deceased officers over this tragic incident. The Command will provide verified updates as appropriate” the statement said.


