United Capital Plc: Is it Right Now to Buy the Dip?
Last year, United Capital shares shed 11% year-to-date, closing at N20.40. So far this year, history seems to be repeating itself, with the price slipping another 11% to N18.10 as…
NDLEA smashes drug cartel, seizes N5.3bn Australia-bound cocaine
The National Drug Law Enforcement Agency, NDLEA, said its operatives have smashed an international organized criminal group (IOCG) operating between Nigeria, UK, Brazil, Australia, and the United Arab Emirates. NDLEA said the development comes after a two-week-long intelligence-led operation across parts of Lagos, leading to the arrest of three leaders of the cartel. This was
NDLEA smashes drug cartel, seizes N5.3bn Australia-bound cocaine
The National Drug Law Enforcement Agency, NDLEA, said its operatives have smashed an international organized criminal group (IOCG) operating between Nigeria, UK, Brazil, Australia, and the United Arab Emirates.
NDLEA said the development comes after a two-week-long intelligence-led operation across parts of Lagos, leading to the arrest of three leaders of the cartel.
This was announced in a statement on Sunday by Femi Babafemi, NDLEA Director, Media and Advocacy.
Babafemi said the operation led to the agency intercepting a large consignment of cocaine concealed in textile materials and local charms going to Sydney, Australia, at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.
“The unraveling of the drug syndicate began on Tuesday, 26th August 2025, after NDLEA officers at the export shed of the Lagos airport intercepted 76 cartons of textile materials going to Sydney, Australia. A thorough search of the shipment led to the recovery of 16 big blocks of cocaine weighing 17.9 kilograms hidden in the lace materials packed with local charms to provide spiritual cover against law enforcement detection.
A freight agent and member of the syndicate, Olashupo Michael Oladimeji, was the first to be arrested. The consignment was expected to fetch the syndicate an estimated street value of over 5.3 million Australian Dollars, equivalent to N5.3 billion.
Fast-paced investigation of the operations of the IOCG quickly unmasked other leaders of the group: Muaezee Ademola Ogunbiyi and Shola Adegoke. Ogunbiyi, who is the arrowhead of the syndicate in Nigeria, was arrested at a hotel in Ikeja GRA on Wednesday, 3rd September, and swiftly taken to his house in Lekki area of Lagos, where a search led to the recovery of 21 parcels of Canadian Loud, a strain of cannabis, with a total weight of 10.90kg and a double-barreled pump-action gun with some cartridges.
A house located at 13 Reverend Ogunbiyi Street, Ikeja GRA, where the criminal group used to package illicit drugs for export, was subsequently raided and another leader of the syndicate, Shola Adegoke, arrested there. A black Range Rover SUV marked RBC 459 EJ found in the compound was searched and 17 parcels of Loud weighing 9.60 kilograms were recovered. A black Toyota Venza car with registration number FST 771 JQ was earlier recovered from Ogunbiyi at the point of his arrest at the hotel.
Investigations revealed that while Ogunbiyi coordinates operations for the group in Nigeria, one Adebisi Ademola Omoyele (Mr. Bee), who is currently hibernating in Dubai, UAE, is identified as the ringleader of the criminal network who coordinates their overseas operations. Shola Adegoke was found to have been jailed in the UK in 2021 for dealing in methamphetamine and subsequently deported to Nigeria in 2024. Ogunbiyi was also found to have served a 14-year jail term in the UK over a murder case before returning to Nigeria about eight years ago.
Meanwhile, a Milan, Italy-based Nigerian, Gabriel Michael, was on Friday, 5th September, arrested by NDLEA operatives at the departure hall of Terminal 1 of the Lagos airport while attempting to board an Air France flight to Italy. He was found to have concealed a total of 24,480 pills of tramadol 100mg, 200mg, and 225mg, which he claimed he was going to sell for 19,520 euros.
A total of 160,200 bottles of codeine-based syrup were discovered in a 40ft container during a joint examination of the shipment by NDLEA officers and men of Nigeria Customs and other security agencies at the West Africa Container Terminal (WACT), Port Harcourt Ports Complex, Onne, Rivers State, on Thursday, 4th September.
The container, which had 220 cartons of ceramic sanitary wares used as cover for the codeine syrup, was one of the shipments watch-listed and tracked by a special operations unit of NDLEA, while the illicit consignment has an estimated street value of over N1.1 billion.
In the Federal Capital Territory, Abuja, NDLEA operatives on a stop-and-search operation on Thursday, 4th September, arrested a dispatch rider, Joel Bernard, 32, in Gwarimpa area of the FCT while conveying 3.1kg Colorado, a synthetic strain of cannabis.
In Lagos, NDLEA operatives acting on credible intelligence on Monday, 1st September, arrested the duo of Tunde Ayinla, 47, and Olawale Omotare, 54, while loading four distribution vehicles at their 28 Ola Street, Ijesha, Surulere home. Recovered from them included: 9kg of Canadian Loud; 5kg of Colorado; and 1,101 compressed blocks of Ghana Loud weighing 611kg, bringing the total weight of the combined seizures to 625 kilograms.
In another raid in Lagos, operatives on Friday, 5th September, arrested a couple: Andy David, 43, and Andy Esther, 44, with 24.4kg of skunk, a strain of cannabis, recovered from their home in Ajegunle area of the state.
While 45-year-old Musa Isah was arrested with 53.400kg skunk concealed in two cartons in the trunk of his Toyota Avensus car marked ABC 338 SS in Kogi State, Yunusa Zakari, 23, was nabbed in a follow-up operation in Auchi, Edo State, on Friday, 5th September, in connection with the earlier seizure of 233kg skunk in Kakau, Kaduna State.
Not less than 11,000 pills of tramadol were recovered from a suspect, Ayouk Nelson, 28, when he was arrested by NDLEA operatives on Wednesday, 3rd September, at 61 Bida Road, Onitsha, Anambra State, just as operatives on patrol along Minna-Bida road, Niger State, on Tuesday, 2nd September, intercepted a white Toyota Hilux vehicle.
A search led to the seizure of 30 bags of skunk weighing 342 kilograms, while the driver, Afolayan Ayodele, 54, conveying the consignment was arrested.
In Taraba State, a total of 18,750 kilograms of skunk were destroyed on 7.5 hectares of cannabis plantations at Joro-Ade village, Ardo Kola LGA, on Tuesday, 2nd September. Owners of the two farms, Mako Zmar, 55, and Sani Titus, 45, were arrested during the operation.
While commending the officers and men of MMIA, PHPC, Lagos, FCT, Anambra, Taraba, Kaduna, Kogi, and Niger Commands of the agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (rtd), enjoined them and their colleagues across the country to intensify the ongoing balanced approach to the drug control efforts of the agency.
NDLEA smashes drug cartel, seizes N5.3bn Australia-bound cocaine
NUPENG Threat: Association representing Dangote truck drivers warns against coercion
The DTCDA said it is not joining issues with NUPENG. The post NUPENG Threat: Association representing Dangote truck drivers warns against coercion appeared first on Premium Times Nigeria.
Nigeria, Ghana, other nations to witness Lunar Eclipse
Nigeria and dozens of other nations across the world will on Sunday, September 7, witness a lunar eclipse. According to NTA, the eclipse is expected to last approximately 83 minutes, which will start around 8 PM Nigerian time. Scientists state that the eclipse will be observable across most of Africa, with some regions able to
Nigeria, Ghana, other nations to witness Lunar Eclipse
Nigeria and dozens of other nations across the world will on Sunday, September 7, witness a lunar eclipse.
According to NTA, the eclipse is expected to last approximately 83 minutes, which will start around 8 PM Nigerian time.
Scientists state that the eclipse will be observable across most of Africa, with some regions able to view the entire event.
Some of the countries to experience the eclipse including Nigeria, Ghana, Cameroon, Gabon, Equatorial Guinea, Benin, Togo, Niger, Chad
The westernmost areas, however, may miss parts of the early penumbral or partial phases due to the Moon rising closer to or during totality.
Scientists confirm that a lunar eclipse is safe to view with the unaided eye.
A total lunar eclipse occurs when the Sun, Earth, and Moon are aligned in space, with Earth in the middle, casting its shadow on the Moon.
Nigeria, Ghana, other nations to witness Lunar Eclipse
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Don’t politicise insecurity, only firearms won’t end banditry – Gov Sani tells El-Rufai
Governor Uba Sani of Kaduna State has blasted his predecessor, Nasir El-Rufai, asking him to stop politicizing insecurity. Speaking on Saturday in Kaduna at the presentation of ‘Where I Stand’, a book written by the late Sheikh Abubakar Mahmud Gumi and translated into Arabic by Sheikh Ibrahim Jalo Jalingo, the governor stated that firearms alone
Don’t politicise insecurity, only firearms won’t end banditry – Gov Sani tells El-Rufai
Governor Uba Sani of Kaduna State has blasted his predecessor, Nasir El-Rufai, asking him to stop politicizing insecurity.
Speaking on Saturday in Kaduna at the presentation of ‘Where I Stand’, a book written by the late Sheikh Abubakar Mahmud Gumi and translated into Arabic by Sheikh Ibrahim Jalo Jalingo, the governor stated that firearms alone cannot end banditry.
DAILY POST recalls that El-Rufai in a television interview on August 31, criticised what he described as a “misguided non-kinetic” approach to insecurity, alleging that the Office of the National Security Adviser, ONSA, coordinates ransom payments and incentives to bandits.
“What I will not do is to pay bandits, give them a monthly allowance or send food to them. Non-kinetic is nonsense. We are empowering bandits. That’s what is going on.
“My position has always been that the only repentant bandit is a dead one. Let’s wipe them out, bomb them, reduce them to nothing. And then the five percent that still want to be rehabilitated can be rehabilitated,” El-Rufai had said.
Responding, Sani disagreed, attributing banditry to poverty, unemployment, and neglect of rural communities are at the heart of banditry.
“Insecurity can’t be resolved solely through the use of firearms. Whoever makes such a claim is only playing politics. We must fear God and stop deceiving the people because that approach will not work,” Sani said.
Don’t politicise insecurity, only firearms won’t end banditry – Gov Sani tells El-Rufai
JUST IN: Osimhen ruled out of South Africa clash
JUST IN: Osimhen ruled out of South Africa clash
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DSS Petitions Elon Musk’s X Platform, Demands Deactivation Of Sowore’s Account Over Post Criticising President Tinubu
The DSS claimed that Sowore’s “tweet under reference is against the transparency on X and Government has frowned at it and found it extremely dangerous, false, privacy violation behavior that…
Adeyanju slams DSS over targeting of Sowore’s X account
Human rights activist, Deji Adeyanju, has condemned the alleged targeting of the social media account of Omoyele Sowore by the Department of State Services (DSS). The secret police has formally petitioned social media platform X (formerly Twitter) to delete a post by Sowore, describing the content as a national security threat and a violation of
Adeyanju slams DSS over targeting of Sowore’s X account
Human rights activist, Deji Adeyanju, has condemned the alleged targeting of the social media account of Omoyele Sowore by the Department of State Services (DSS).
The secret police has formally petitioned social media platform X (formerly Twitter) to delete a post by Sowore, describing the content as a national security threat and a violation of Nigerian law.
In a statement on Sunday, Adeyanju described the action as “unacceptable” and an attack on democracy.
“The targeting of Omoyele Sowore’s account by the DSS is unacceptable and should be condemned. Every citizen has the right to freely share their opinions, even when those opinions do not align with those in authority. The use of state power to silence and intimidate individuals because of their views is an attack on the very freedoms that sustain a healthy democracy,” he said.
Adeyanju noted that Sowore has remained a victim of intolerant governments, yet continues to express his views with courage.
He stressed that Sowore, as a former presidential candidate, deserves respect for his commentaries on governance, regardless of how uncomfortable they may be for those in power.
Adeyanju slams DSS over targeting of Sowore’s X account