NEWS
NDLEA Traces N4.2bn to Abba Kyari, Co-accused’s Bank Accounts

Fresh facts have emerged on how suspended super cop and former Commander of the Intelligence Response Team, DCP Abba Kyari; as well as his deputy, ACP Sunday Ubua, allegedly received a combined N4.2bn from their separate bank accounts.
The details are part of a report sent to the Attorney-General of the Federation, Abubakar Malami, by the NDLEA.
According to the drug enforcement agency, not less than N1.
However, Kyari’s deputy, Ubua, may have received far more than him as not less than N2.8bn was traced to his eight bank accounts.
According to investigations, Ubua allegedly received a lump sum of N2.664bn on August 15, 2019. The NDLEA is now working on the assumption that the sums traced to Kyari and his deputy may be connected to the sale of some illicit substances including Tramadol worth N3bn.
A source said, “You will recall that the NDLEA is investigating an allegation that Kyari and his team seized a large consignment of tramadol in a warehouse at Amuwo Odofin in Lagos. The consignment was worth about N3bn.
“The IRT under Kyari’s command seized these drugs and they are believed to have sold the consignment to a cartel afterwards. It was around the time of this seizure that Kyari’s deputy received a deposit of N2.664bn in his personal bank account. Out of this money, he purchased FBN Insurance shares worth about N100m.”
NDLEA seeks AGF’s approval to confiscate Kyari’s assets, bank accounts
Meanwhile, the NDLEA has written a letter to the AGF seeking his approval for the confiscation of properties and assets belonging to the once revered super cop.
It was gathered that the NDLEA’s request was dispatched to the justice minister last week following the March 7 arraignment of Kyari and his men for dealing in cocaine.
Kyari is facing eight counts of conspiracy, obstruction, and dealing in cocaine, and other related offences at the Federal High Court, Abuja.
The other defendants in the charge marked FHC/ABJ/57/2022, are four members of the IRT, Ubua, Bawa James, Simon Agirigba and John Nuhu.
Two other suspects arrested at the Akanu Ibiam International Airport in Enugu, Chibunna Patrick Umeibe and Emeka Alphonsus Ezenwanne, were also listed as defendants.
Kyari, has been indicted in the United States for alleged involvement in a $1.1m scam carried out by a notorious Internet scammer, Ramon Abass, a.ka. Hushpuppi was suspended by the police last July.
It was gathered that the ex-IRT commander’s assets that will be confiscated include cash and money in bank accounts, vehicles, real estate, notably hotels, residential and commercial buildings; personal effects such as wristwatches, jewellery and other valuable possessions.
NEWS
Customs Issues First PAAR Under B’Odogwu

The Nigeria Customs Service (NCS) has issued its first Pre-Arrival Assessment Report (PAAR) under B’Odogwu, its homegrown Unified Customs Management System.
NCS spokesperson, Abdullahi Maiwada, confirmed this in a statement on Friday in Abuja. He described it as a major milestone in the service’s commitment to technology-driven trade reforms.
PAAR is used to assess and verify the value, classification, and duty payable on imported goods before they arrive in Nigeria, ensuring compliance and transparency in trade processes.
The NCS developed B’Odogwu under its Trade Modernisation Project to automate operations and align with international standards.
The pilot phase launched in October 2024 at the Port and Terminal Multi-Services Limited (PTML) Customs Area Command in Lagos, with gradual implementation nationwide.
Maiwada said issuing the first PAAR marks the beginning of B’Odogwu’s national rollout, aimed at streamlining customs procedures and enhancing trade facilitation across Nigeria.
Daily Asset recalls that Customs’ Comptroller-General, Adewale Adeniyi, stated that the service, in collaboration with banks, was working to integrate PAAR and Form ‘M’ into the system.
Maiwada explained that once integrated, nearly 70 to 80 per cent of the service’s operations would be automated, significantly improving efficiency and transparency in customs processes.
He added that all necessary approvals and integrations with financial institutions, including Authorised Dealer Banks (ADBs), were being finalised for seamless foreign exchange transactions and payments.
According to him, this milestone follows a recent strategic meeting with the Governor, Central Bank of Nigeria (CBN), Yemi Cardoso.
During the meeting, both institutions reaffirmed their commitment to enhancing trade processes, improving revenue collection, and strengthening financial integration for better economic outcomes.
Maiwada stated that B’Odogwu replaces the Nigeria Integrated Customs Information System (NICIS II) and aims to modernise operations, enhancing efficiency and inter-agency collaboration.
He said stakeholders, including government agencies, were engaged during the pilot phase to ensure a smooth transition and effective implementation of the new system.
He urged stakeholders to adopt the software, supporting modernisation objectives and improving operational efficiency within the customs and trade sectors.
“The NCS, under the leadership of Adewale Adeniyi and his team, appreciates the support of all stakeholders.
“He encourages the trading community to embrace B’Odogwu for more efficient, transparent, and technology-driven customs processes,” Maiwada added. (NAN)
NEWS
NNPCL Announces new Management Team

The new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), Mr Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr Mele Kyari.
Following the appointment of the new GCEO and Board of Directors, the NNPC Ltd.
In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of the NNPC Ltd. and his sterling service to the nation.
Ojulari, in a statement by the NNPC Ltd. spokesperson, Mr Olufemi Soneye, said the objective of his management was to consolidate on the successes of his predecessor and take the company to the next level.
He said he would rely on the cooperation of the management and staff of the company, as well as the counsel of his predecessor to achieve set targets.
“I will be counting on your support. I will need it. I will be coming around to seek your counsel,” Ojulari said.
Earlier in his remarks, Kyari congratulated Ojulari and thanked the management and staff of the company for their support while in office.
He pledged to do everything within his power to support the new management to succeed, stressing that he was only a call away.
In a similar development, following the appointment of the new GCEO and Board of Directors, the NNPC Ltd. also announced the appointment of a new eight-man Senior Management Team.
Soneye said the team which would be headed by the GCEO, has Mr Rowland Ewubare as the Group Chief Operating Officer; Mr Adedapo Segun as the Group Chief Financial Officer; and Mr Olalekan Ogunleye as Executive Vice President Gas, Power and New Energy.
Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dangazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary and Chief Legal Officer.
Report says that all appointments are with immediate effect. (NAN)
NEWS
Minister Describes Report about 13 Federal Projects as Terrible

The Minister of Works, Sen. Dave Umahi, has refuted a report alleging that President Bola Tinubu’s administration has only embarked on 13 major projects nationwide.
The minister described the claim as terrible.
Umahi, who spoke with journalists at the re-opening of the Independence Bridge in Lagos on Friday, expressed dismay at the report’s inaccuracy.
According to him, even within a single geopolitical zone, the government has more than 10 major ongoing projects.
He emphasised that Tinubu’s administration was actively pursuing numerous mega-projects across all regions of the country.
Umahi said: “I don’t know where they got that information from.
Even in one region, we have over 10 major projects that are ongoing.” I am going to mention a number of projects, region by region.
“We see all that the president is doing.
” Somebody posting that there are only 13 major projects that the President is intervening in, is terrible.”
He highlighted extensive infrastructure projects being carried out in Lagos State alone by the Federal Government, including Eko Bridge, Marina Bridge, Carter Bridge and Third Mainland Bridge.
He listed the other mega projects in Lagos to include Lagos-Calabar Coastal Highway, Ikorodu-Sagamu Expressway, Lagos-Ibadan Expressway, Lekki Deep Sea Port route to Epe, and the seven axial roads.
The minister also announced plans for an inspection of the Lagos-Calabar Coastal Highway and other projects in Lagos State on Saturday.
He added that the Federal Government would flag off the second section of the Abuja-Kano Road in Kaduna by next week.
“We have quite a lot going on under the watch of President Bola Tinubu,” Umahi said. (NAN)