NDLEA Arrests Drug Kingpin in Delta, Intercepts N7.8bn Opioids in Rivers

Michael Olugbode in Abuja

A drug kingpin, who had been on a manhunt for three years, has been apprehended by operatives of the anti-narcotics agency.

The spokesman of the National Drug Law Enforcement Agency (NDLEA), Femi Babafemi, in a statement yesterday said three years after launching a manhunt for him over drug trafficking offences, a notorious drug kingpin, 36-year-old Sunday Ibigide, has been arrested by operatives of the agency in Asaba, Delta State, while attempting to move 250 blocks of skunk weighing 138 kilogrammes with his distribution bus.

He said Ibigide came under the searchlight on March 19, 2022, in connection with the seizure of 24.137 kilogrammes of the same psychoactive substance and 10 grammes of molly, but thereafter went underground.

Babafemi said, however, following credible intelligence, NDLEA operatives in Delta State were able to arrest him with one of his aides, Clement Osuya, 27, while they were trying to move the 250 parcels of skunk for distribution on August 10, 2025.

In another clampdown, the agency spokesman said no fewer than six suspects were arrested last Thursday and Friday when NDLEA operatives supported by the military and vigilantes raided three cannabis farms in Enugu Ezike, Enugu State. 

Where a total of 37,500 kilograms of skunk was destroyed on 15 hectares of farmland.

He disclosed that those arrested included Ugwuanyi Chinaso, 23; James Negedu, 26; Sopuruchukwu Obido, 22; Ebuka Onu, 30; Ukwueze Sunday, 42; and Oguche Friday, while 74.5 kilogrammes of the illicit substance was recovered for the prosecution of the suspects.

Babafemi said while 20,700 pills of tramadol and cocodamol were seized from a suspect, Emmanuel Ayogu, 53, by NDLEA officers on patrol on Nsukka road, 9th Mile, Enugu, last  Saturday, two other suspects, Nsubechukwu Achidde, 24, and  Osiaja Simple Frank, 41,  were arrested with 27.6 kilogrammes of skunk the same day at the new market, Enugu.

In Lagos State, a 52-year-old woman, Muyibat Mumuni, was arrested with her son Faruk Mumuni, 25, by NDLEA operatives at Ladega Street, Mushin, last Wednesday for storing and distributing 298 blocks of Ghana Loud weighing 149 kilogrammes while another suspect, Emmanuel Samuel, was nabbed last Friday in Ajah area of Lagos where 8.5 kilogrammes Canadian Loud, a strain of cannabis was recovered from their apartment..

He revealed that not less than 128,000 capsules of tramadol were recovered from a suspect,, Sani Mohammed, 32, who was arrested by NDLEA officers at Jauro Jatau, Gombe, Gombe state,,lastr Monday, while a total of 337,800 capsules of the same pharmaceutical opioid were seized by operatives on patrol along Okene-Lokoja highway, Kogi state, from the driver of a commercial bus, Sulaiman Oyedokun, 47, coming from Onitsha, Anambra state and heading to Kotangora, Niger State.

Babafemi said that while a total of 11,250 kilogrammes of skunk was destroyed on 4.5 hectares of farmland last Tuesday when NDLEA operatives,, assisted by Sardauna Emirate Council and the Nigeria Forest Hunters Security Service,, raided the Tanmiya forest in Sardauna local government area, Taraba state, 29,840 capsules of tramadol were seized from a suspect, Saleh Babangida, 20, at a checkpointin Wukari area of the state on Saturday.

In Kaduna State, two suspects, Mohammed Amdife, 46, and Sulaiman Mohammed, 22, were arrested in connection with the seizure of 22,640 pills of tramadol and rohypnol at Gwargwaje checkpoint, Zaria,, and Tudun Wada area of the state. Two other suspects: Caroline David, 51, and Abdulhadi Umar, 30, were nabbed over the seizure of 111.1 kilogrammes of skunk intercepted along Zaria- Kano road.

He said at the Port Harcourt Ports Complex, Onne, Rivers State, a total of 875,000 bottles of codeine based syrup worth over N6.1billion in street value and 3.5 million pills of trodol benzhexol valued at N1.7 billion were recovered from five containers under NDLEA intelligence tracking and watch-list during joint examination with Customs Service and other security agencies last Wednesday and Thursday at the West Africa Container Terminal (WACT) of the Onne port.

In Edo State, NDLEA operatives last Wednesday recovered 24 bags of skunk weighing 432 kilogrammes in a bush along Warake-Auchi road in Etsako West Local Government Area, while 130 kilogrammes of the same substance was seized at a warehouse in Sobe, Owan West LGA the following day.

Babafemi said a suspect,, Tahiru Manga, 25, was nabbed by NDLEA officers along Zaria-Kano road, with 16 kilogrammes of skunk, and another suspect, Ibrahim Audu, 47, arrested with 76 kilogrammes of the same psychoactive substance at Gadar Tamburawa ON Zaria-Kano road, Kano State,, last Wednesday.

He also said no fewer than 4,320 ampoules of ketamine injection were intercepted by NDLEA operatives at Gbaji checkpoint along Badagry-Lagos highway last Monday,, with a suspect,, Akeem Adegun arrested.

Babafemi said in like manner, command and formations of the agency across the country continued their War Against Drug Abuse (WADA) sensitisation activities to schools, worship centres, workplaces,, and communities, among others,, in the past week.

Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (rtd), while commending the officers and men of PHPC, Gombe, Kogi, Lagos, Edo, Kano, Delta, Taraba, and Seme Commands for the arrests and seizures, enjoined them and their colleagues across the country to continue with the ongoing balanced approach to drug control efforts of the agency.

The post NDLEA Arrests Drug Kingpin in Delta, Intercepts N7.8bn Opioids in Rivers appeared first on THISDAYLIVE.

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    Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market

    Jonathan Eborah

    Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital appreciation, or both. However, the recurring problem of unclaimed dividends has cast a shadow over the credibility of the capital market, with many retail investors expressing frustration at the role of registrars. While these concerns are understandable, blaming registrars exclusively oversimplifies a much broader and more complex issue.

    Unclaimed dividends are a product of systemic challenges, not merely the inefficiencies of registrars. These dividends often remain unclaimed due to various factors, including: Multiple accounts created with different names or pseudonyms; Shareholders’ failure to update bank details or contact information; Estate complications after the death of shareholders; Delays by banks in validating dividend mandates and General investor ignorance about claim procedures.

    Registrars are just one part of a broader value chain that includes stockbrokers, issuing companies, banks, and regulators. Holding them solely responsible ignores the collaborative nature of capital market operations.

    One of the most criticized aspects of the dividend claim process is identity verification. However, registrars have a legal and fiduciary obligation to ensure that payments are made to the rightful owners. This is especially crucial in an environment where identity theft, fraud, and impersonation are real threats.

    Registrars rely on tools such as BVN (Bank Verification Number), NIN (National Identity Number), and signature verification to verify claims. These are not “excuses” but part of risk management and regulatory compliance.

    Contrary to the belief that registrars are resistant to change, many have embraced digital transformation. Several registrars now operate online portals where investors can: Submit e-dividend mandates; View dividend histories; Request revalidation of payments and Update personal data securely.

    The challenge often lies not with the systems, but with incomplete or inconsistent data submitted by shareholders. Additionally, national infrastructure gaps, poor internet access in some regions, and low levels of digital literacy further compound the problem.

    The delay in processing dividend claims is sometimes outside the registrar’s control. For instance: When shareholders provide incorrect or inconsistent data; When banks delay in validating or updating mandates and When investors fail to follow up after initial submission.

    Even in cases where shareholders visit registrar offices, delays may still occur due to missing documentation or legacy issues related to paper-based systems from decades ago.

    While the Securities and Exchange Commission (SEC) has taken steps, such as issuing a circular on unclaimed dividends and establishing the Unclaimed Funds Trust Fund, there may be a need for stronger enforcement and clearer redressal mechanisms.

    Registrars alone cannot enforce policy or penalize non-compliant parties. The SEC must implement: Minimum response time standards for processing complaints; A user-friendly and responsive digital complaint resolution portal; Investor education programs targeted at low-literacy or elderly shareholders; Sanctions for all stakeholders, banks, brokers, and registrars, when they fail to meet expectations. And A unified identity system for the capital market to ease the Know-Your-Customer

    Obligations and reduce the risk of identity theft:

    Investors must also bear some responsibility. Many are unaware of how to complete e-dividend mandates or follow up on their claims. Some hold outdated physical share certificates or have never updated their contact details since purchasing shares/investments decades ago.

    Registrars regularly hold investor clinics together with the SEC, participate in AGMs, and partner with regulators and stockbrokers for sensitization efforts. But participation is often low. Financial literacy must become a national priority if more investors are to enjoy the benefits of capital market participation.

    The unclaimed dividend problem is not limited to Nigeria but exists in developed countries and each country works out how to resolve the challenge. In Nigeria’s capital market, the unclaimed dividend crisis will not be solved by pointing fingers. Registrars are not the enemy; they are facilitators working within a regulatory and operational ecosystem that requires improvement across board. Enhancing automation and promoting investor education will go further in solving the problem than a blame-centered approach.

    For the Nigerian capital market to thrive and regain investor confidence, all stakeholders, regulators, registrars, companies, stockbrokers, and investors must work together in good faith to build a more transparent, inclusive, and responsive system.

    *Jonathan Eborah, the Registrar/Chief Executive, Institute of Capital Markets Registrars, writes from jonathaneborah@yahoo.co.uk

    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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    Jonathan Eborah Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital
    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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