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NewsForeign reserves hit $34.2 billion, highest in 2 years
WTI$68.92 1.80%
NewsNigeria exits technical recession with 3.46% GDP growth
NewsNigerian banking sector assets grow by 45% year-on-year
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsOil prices rally on OPEC+ production cuts extension
NGXASI98,575.68 1.25%
UPDATETinubu approves ₦3 trillion for power sector
USD/NGN₦1,550 0.45%
BRENT$72.45 2.10%
NewsNigeria's inflation rate drops to 24.48% in January
NewsNaira stabilizes at N1,550/$1 in official market
NewsEuro depreciates against dollar ahead of ECB meeting
BTC$87,250 3.20%
NAS18,290.25 1.05%
NEWSNNPC reports 47% profit increase
EUR/USD1.0845 0.12%
NewsBitcoin surges past $87,000 on ETF inflows
GOLD$2,890.5 0.85%
NewsGold hits record high as investors seek safe haven
NewsFAAC disburses N1.1 trillion to federal, states, LGs
BREAKINGSEC announces new rules for digital assets
DOW42,850.22 0.32%
BREAKINGNigeria secures $2.25 billion World Bank loan
ALERTAviation fuel prices drop by 8%
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsDangote Refinery begins petrol production
UPDATENDDC launches ₦2.5bn infrastructure bond
NewsBrent crude approaches $75 amid Middle East tensions
NewsStock market capitalization crosses N55 trillion mark
S&P5,776.65 0.15%
NewsForeign reserves hit $34.2 billion, highest in 2 years
WTI$68.92 1.80%
NewsNigeria exits technical recession with 3.46% GDP growth
NewsNigerian banking sector assets grow by 45% year-on-year
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsOil prices rally on OPEC+ production cuts extension
NGXASI98,575.68 1.25%
UPDATETinubu approves ₦3 trillion for power sector
USD/NGN₦1,550 0.45%
BRENT$72.45 2.10%
NewsNigeria's inflation rate drops to 24.48% in January
NewsNaira stabilizes at N1,550/$1 in official market
NewsEuro depreciates against dollar ahead of ECB meeting
BTC$87,250 3.20%
NAS18,290.25 1.05%
NEWSNNPC reports 47% profit increase
EUR/USD1.0845 0.12%
NewsBitcoin surges past $87,000 on ETF inflows
GOLD$2,890.5 0.85%
NewsGold hits record high as investors seek safe haven
NewsFAAC disburses N1.1 trillion to federal, states, LGs
BREAKINGSEC announces new rules for digital assets
DOW42,850.22 0.32%
BREAKINGNigeria secures $2.25 billion World Bank loan
ALERTAviation fuel prices drop by 8%
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsDangote Refinery begins petrol production
UPDATENDDC launches ₦2.5bn infrastructure bond
NewsBrent crude approaches $75 amid Middle East tensions
NewsStock market capitalization crosses N55 trillion mark
S&P5,776.65 0.15%
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NGXIND345.67 0.23%
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MARKET NEWS
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
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Financial EDGE

Spain-bound cocaine consignment recovered from businessman’s sandals at MMIA - FinancialEDGE

By adminResearch Signal
Spain-bound cocaine consignment recovered from businessman’s sandals at MMIA - FinancialEDGE
Click to expand

A Spain based businessman, 50-year-old Francis Akajiobi, has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, at the departure hall of terminal 2 of the Murtala Muhammed International Airport, MMIA, Ikeja Lagos, after parcels of cocaine weighing 1.20 kilograms were discovered in his pair of sandals while attempting to board his Royal Air Maroc flight to Madrid, Spain.

The two parcels of cocaine were concealed in the soles of a pair of black sandals Akajiobi was wearing to board his flight when NDLEA operatives intercepted him on Thursday 25th July 2024. During his preliminary interview, he claimed the consignment was delivered to him at a bar in Port Harcourt, Rivers state and was to deliver it to his friend and neighbour in Spain for a fee of Five Thousand Euros (€5,000) upon successful delivery to the recipient.

In the same vein, a suspect: Makinde Sodiq Lekan has been arrested in connection with the seizure of 99 parcels of Canadian Loud, a synthetic strain of cannabis weighing 51.60kg that arrived the SAHCO Imports shed of the Lagos airport on a Turkish Airlines flight from Canada via Istanbul, Turkey.

Meanwhile, operatives of a Special Operations Unit targeting syndicates that specialize in shipping large consignments of opioids into neighbouring countries from where they attempt smuggling them into Nigeria in smaller quantities through transport companies, have arrested one of the kingpins, Chukwuemaka Obodozie.

He was arrested in the early hours of Sunday 21st July at Cele bus stop along Oshodi-Apapa express road, Lagos with 100,000 tablets of tramadol 225mg loaded in two bags shortly after his arrival from Ghana via one of the transport companies plying the Lagos-Ghana route. The intelligence led operation followed five months of surveillance around Chukwuemeka.

No fewer than 17 suspects were arrested on Friday 26th July when NDLEA operatives raided the Owena forest in Oriade LGA, Osun State, where they destroyed 31,250 kilograms of cannabis on 12.5 hectares of farmland, while 84kg of processed cannabis sativa was recovered along with a single barrel Dane gun.

Those arrested include: Peter Osuya, 51; Zebron Ode, 46; Dogo Reuben Matthew, 35; Isaac Terna; Joseph David Lawrence, 27; Ugochukwu Victory, 24; Olamilekan Abolarin, 26; Dele Ayibo, 44; Ojo Moses, 21; Nini Ayila, 27; Msughve Clement, 23; Chuks Ogeneku, 40; Dada Aribo, 20; Uche Endurance, 30; Patrick Agba, 21; Osakwe Kennedy, 45; and Ojo Babatunde, 29.

In Kaduna state, NDLEA operatives on stop and search patrol along Kaduna-Zaria highway on Saturday 27th July intercepted a 32-year-old lady, Ubaida Aliyu in possession of 573 rounds of 7.60 live ammunition, which she claimed she was attempting to deliver to bandits in Sokoto.

While a suspect, Godwin Udochukwu, 35, was arrested in connection with the seizure of 25,000 ampoules of Pentazocine injection by NDLEA operatives on patrol along Kaduna-Zaria highway, another suspect, Alkasim Mikailu, 35, was nabbed in Kano on a follow up operation following the seizure of 37,880 ampoules of Diazepam injection along Abuja-Kaduna highway.

Two suspects: Abioye Adeniyi, 39, and Rafiu Lekan, 41, were arrested with 55 jumbo wraps of Ghana Loud by NDLEA operatives at Oloko along Badagry-Seme road, Lagos on Friday 26th July, while Samson Ifeayi Egwutouhi, 30, was nabbed same day by officers on patrol along Okene-Lokoja-Abuja express way with 20 blocks of compressed cannabis sativa that weighed 10.500kg. In Bauchi State, two suspects: Suleiman Yahaya, 50, and Ibrahim Bello (a.k.a Special), 35, were on Thursday 25th July arrested with 315 blocks of cannabis sativa weighing 204.750kg along Maiduguri bye-pass, Bauchi town.

With the same drive, Commands and formations of the Agency across the country continued their War Against Drug Abuse, WADA, sensitization activities in schools, worship centres, work places and communities among others in the past week.

These include: WADA enlightenment lecture for students of Government Secondary School, Gada, Sokoto state; pupils of Holy Trinity Primary School, Aroje, Ogbomoso, Oyo state; students of Holy Innocent Juniorate, Nkpor Onitsha, Anambra state; students of Government Christian Secondary School, Shuwa Madagali, Adamawa state and commercial motorcycle riders at Oke Afo, Badagry Lagos state, among others.

While commending the officers and men of the Special Operations Unit, MMIA, Osun, Bauchi, Kogi, Seme, and Kaduna Commands for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) praised their pulverizing onslaught against drug cartels across the country. He also expressed delight in the balance of their drug supply reduction efforts with drug demand reduction activities while urging them not to rest on their oars.