News
EFCC, CAC Join Forces against Unregistered POS Operators
By Francis Wilfred
The Economic and Financial Crimes Commission, EFCC and the Corporate Affairs Commission, CAC, have expressed concerns over risks being posed to businesses and national security by the activities of unregistered Point of Sale, POS, operators.The concerns were expressed in Abuja when the Board Chairman, CAC, Senator Ibrahim Adah paid a courtesy visit to the Executive Chairman of the EFCC, Mr, Ola Olukoyede at the Corporate Headquarters of the Commission in Abuja.
Idah, who came with some management staff of the CAC, sought EFCC’s support in enforcing compliance among POS operators nationwide, disclosing that, “presently, only about 20% of POS operators are registered with CAC, a situation inconsistent with the Companies and Allied Matters Act, CAMA 2020, and the Central Bank Nigeria Agent Banking Regulations 2026, which require all businesses operating under a business name to be duly registered. “Furthermore, Mr. Chairman, we seek closer cooperation in developing a reliable database of POS operators for use by the EFCC and other law enforcement agencies.” He warned that evidence increasingly suggests that criminal proceeds, including ransom payments linked to kidnapping cases, are sometimes routed through POS terminals.
Idah also said that his visit was aimed at engaging public institutions that maintain close working relationships with his Commission and applauded the EFCC for its role in the fight against economic and financial crimes. He stressed that both institutions have interconnected mandates, explaining that while CAC registers and regulates companies in Nigeria, EFCC investigate and prosecute financial crimes.
Decrying the misuse of some corporate entities for fraudulent activities, he stressed that, “When companies are misused for fraud or money laundering, the mandates of both institutions are directly affected. Neither of the two agencies can therefore fight and win the war against economic and financial offences, especially those perpetrated through corporate entities, if we work alone. Collaboration is required in that regard.
A strong CAC registry makes the work of EFCC easier. Just as strong EFCC enforcement protects the integrity of the CAC corporate registry.” “The CAC Board is fully committed to this partnership. We see the EFCC as a serious and strategic partner in this drive to deepen corporate compliance, promote transparency, and safeguard the integrity of Nigeria’s financial system,” he said.
In response, Olukoyede also expressed concerns about POS operators, describing their activities as a major challenge to the nation’s financial system, adding that, “if you do not regulate the activities of such key players, you will be having major problems and challenges within your financial ecosystem.” He reaffirmed the Commission’s commitment to working closely with the CAC in combating economic crimes and promoting regulatory compliance.
The EFCC’s boss described the CAC as the “gateway to economic growth in Nigeria because the first contact of foreign investors in Nigeria is the Corporate Affairs Commission.” He disclosed that the EFCC had established a dedicated desk to handle matters involving the CAC while revealing that ongoing investigations involving about 200 companies had yielded considerable results.
He noted that most public corruption cases investigated by EFCC involve procurement and contract fraud carried out through companies regulated by CAC.He also stressed the need for both agencies to tackle insider deficits and strengthen internal accountability.
Olukoyede directed officials of both agencies to review and update an existing Memorandum of Understanding to reflect current realities on data sharing and intelligence exchange, especially in the area of beneficial ownership information and data protection.
News
Umahi Tours Lekki Corridor’s 7th Axial Road Project, Praises CHEC’s Progress
By Wilfred Framcis
Lagos, Nigeria – Minister of Works Senator Dave Umahi has expressed confidence in China Harbour Engineering Company Limited (CHEC) to deliver the 7th Axial Road project in the Lekki Corridor of Lagos. The project, a key cargo handling route for the Lekki Deepwater Port, is being constructed behind the Dangote Refinery and connects the Lekki Corridor with the Sagamu route.
During his inspection tour, Umahi praised CHEC for its successful delivery of the Lekki Deepwater Port and the high-quality progress on the Makurdi-Enugu road reconstruction and expansion project. He instructed that the roadbed filling work for Project LOT1 be completed by the end of April and directed the project team to accelerate resource input and tangible works to meet the deadline.
The 7th Axial Highway is expected to complement key infrastructure projects like the Coastal Road, Dangote Road, and Lekki Port, creating a comprehensive transportation hub model and boosting Nigeria’s port economy and industrial corridor. Umahi emphasized the need for environmental protection agencies to ensure efficient construction and steady progress while maintaining ecological safety.
A CHEC representative stated that the company would maintain a high level of resource input, implement the Minister’s directives, and coordinate safety, quality, and environmental protection to ensure the project’s timely and high-quality completion.
News
Omo-Agege Calls for Probe Into PTI Meeting Attack, Warns Against Political Violence in Delta
By Anne Azuka
Former Deputy President of the Senate, Senator Ovie Omo-Agege, has called for a thorough investigation into the disruption of a political meeting at the Petroleum Training Institute (PTI) Conference Centre in Effurun, Delta State, warning that rising political violence could affect the credibility of the 2027 general elections.
In a statement issued by his Special Adviser on Strategy and Communications, Godwin Anaughe, Omo-Agege condemned the reported attack on an APC Delta Central leaders and stakeholders’ meeting, where suspected thugs allegedly disrupted proceedings and injured the Delta State Government’s Senior Special Assistant on Protocol, Temple Mudi.
The former senator described the incident as a threat to democratic participation and urged security agencies to identify and prosecute those responsible. He also appealed to political actors to embrace peaceful engagement.
Omo-Agege further referenced an earlier incident involving Nigeria Democratic Congress (NDC) governorship candidate Deacon Chris Iyovwaye, who he said was allegedly prevented from accessing his community’s town hall in Agholokpe. He urged authorities to investigate both incidents.
He specifically called on the Delta State Police Command, the Department of State Services (DSS), and the Inspector-General of Police to conduct comprehensive investigations. He also appealed to the Independent National Electoral Commission (INEC), civil society organisations, and the international community to monitor political developments in Delta State.
Omo-Agege reaffirmed his commitment to peaceful democratic participation, stating that violence should not be allowed to undermine the electoral process.
News
75% of Doctors Leave Nigeria Within Two Years of Graduation, Says Akwa Ibom NMA Chairman
By Ogenyi Ogenyi, Uyo
The Chairman of the Nigeria Medical Association (NMA) in Akwa Ibom State, Prof. Aniekan Peters, says about 75% of newly qualified doctors leave Nigeria within two years of graduation, citing poor remuneration and working conditions as major reasons for the trend.
Speaking with journalists in Uyo during activities marking the association’s Annual General Meeting and Scientific Conference, Peters called on the Akwa Ibom State Government to establish at least seven medical training institutions to help address shortages of healthcare professionals. He said the migration of doctors, often referred to as the “Japa” phenomenon, has made it increasingly difficult to recruit and retain medical personnel in the state.
According to Peters, doctors earning about ₦400,000 monthly in Nigeria can earn significantly more abroad. He said the NMA is proposing a 2,000% increase in doctors’ wages in the state to improve retention.Peters also noted that recent recruitment exercises failed to fill approved vacancies. He said only about 50 doctors were recruited despite approval for 400 positions, while authorities also struggled to recruit 700 nurses until entry requirements were adjusted.
He commended Governor Umo Eno for approving a medical school at Akwa Ibom State University but argued that more institutions are needed. Peters said the state should expand medical education by upgrading existing health facilities, including the General Hospitals in Ikot Ekpene and Eket, as well as the Ibom Specialist Hospital, into medical training centres.
-
News14 hours agoGroup Urges Gov. Yusuf to Appoint Ahmad Tijjani Abdullahi to Kano Executive Council
-
Uncategorized23 hours ago
Oriire Kidnap: FG Arraigns Ansaru Commanders, Mahmuda, Abu Baraa and The Three New Suspects Arrested By DSS On Fresh Charges of Terrorism, Murder of Teachers
-
News14 hours agoZulum Stops Convoy to Buy Peanuts From Roadside Trader During Borno Community Visit
-
Uncategorized23 hours ago
Breaking: FG Arraigns ‘BOSYA President’ Kaigama For Terrorism
-
News14 hours agoUba Sani Names KADIRS Chairman Jerry Adams as Running Mate for 2027 Governorship Election
-
Uncategorized11 hours ago
Lekki 7th Axial Road: Umahi commands CHEC, confident of timely delivery
-
News14 hours agoOmo-Agege Calls for Probe Into PTI Meeting Attack, Warns Against Political Violence in Delta
-
News14 hours ago75% of Doctors Leave Nigeria Within Two Years of Graduation, Says Akwa Ibom NMA Chairman

You must be logged in to post a comment Login