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Cryptocurrency Portrays Greater Danger To World Economy, Says EFCC

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Chairman, Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has said growth of cryptocurrencies, such as Bitcon portrays a far greater danger to the world economy.

The EFCC boss stated this while delivering a keynote address on Monday at the 38th Cambridge International Symposium on Economic Crime, themed, “Economic Crime-Who pays and who should pay?”, organized by the Center for International Documentation on Organized and Economic Crime (CIDOEC), Jesus College, University of Cambridge,, United Kingdom.

Describing cryptocurrencies as the new typologies of economic crimes, Bawa said criminals now elect to transact or receive illegal monies such as ransom money in digital currency, noting that Bitcoin and Ethereum were the most commonly used medium of these exchanges.

He therefore, advocated collective and collaborative approach by authorities around the world in dealing with the challenges of financial crimes which, he noted, is a global scourge as no nation is spared its virulence.

According to him, economic crimes which are largely illegal acts committed for private gain, “affect the vital structures of global economies, causing significant damage to the Global Financial System and depriving developing nations of the needed resources for sustainable development”.

He noted that developed countries are not immune from the scourge, which has “magnified with the proliferation of Cyber-crimes which threatens the stability of Global Financial Institutions.”

He commended the choice of theme which he said offers a platform to interrogate the challenges of economic crimes.

“As the victims of crime continue to suffer globally from the effects of financial crimes, either directly or indirectly as part of a social system, the determination of who pays or who should pay becomes a critical measure of the criminal justice system in place,” he said.

He underlined the imperatives of an impartial judiciary in ensuring that “the perpetrators of acts and not the victims pay for their crimes.”

While highlighting some of the transparency and accountability achievements of the Nigerian Government under the leadership of President Muhammadu Buhari including enactment and amendment of relevant laws to enhance public accountability and reforms such as Treasury Single Account and the Whistle Blower Policy among others;  Bawa pointed out that the EFCC, as the rallying point in the fight against economic crimes in Nigeria, has recorded important milestones in investigations, prosecutions and assets recovery.

In his words, “Since its establishment in 2003, the Commission has recorded no less tha  3,500 convictions and recovered assets of significant value including properties in Nigeria, the UK, USA, and the UAE. All these have measurably contributed to the national efforts against economic crimes in Nigeria”.

The EFCC boss concluded by challenging participants to come up with practical solutions to curb the international threat of economic crimes.

Chairman of the Symposium, Mr. Saul Froomkin, thanked the EFCC boss for his insightful presentation, and the support received from Nigeria in organizing the event.

Participants at the Symposium were drawn from law enforcement and security agencies, accountability institutions and select stakeholders from across the World.

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60% of Christmas Celebrations Observed by Non-Christians in Kano

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By Salisu Baso

An investigation carried out by independent journalist Salisu Baso has observed that about 60% of this year’s Christmas celebrations have been observed by the non-Christian community in Kano.

This year’s celebration has witnessed serious economic challenges, and the majority of Nigerians are managing to survive. Therefore, the Christian community has managed to conduct the occasion with the little earnings from their collective businesses, especially those at various markets in the state.

Investigations also learned that the delay in payment of government salaries to workers in the state has crippled the ceremonial activities, leading to low patronage in the markets.

The tradition of slaughtering goats by the celebrants has drastically dropped, and the presentation of gifts from well-meaning individuals house to house is also seeing a decline.

Visiting the Sabon Gari area, our source observed that the majority of the beer parlors in the evening hours were full of visitors, while New Road by Court Road, especially Ado Bayero Square, was occupied by a majority of youth celebrating the day.

When contacted, a traditional Igbo Chief, Amb. (Dr.) David N. Onwere, described this year’s celebration as manageable for Nigerians to celebrate the great events as a result of the critical economic conditions facing the nation. He said the majority of people in the state have not traveled to their respective areas due to the high cost of transport fees.

Chief Onwere then congratulated the entire Christian community in the country, particularly in Kano, and wished them a Happy New Year in advance.

 

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Hon. Abubakar Kabir Abubakar Congratulates APC National Chairman on 75th Birthday

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Hon. Abubakar Kabir Abubakar, a member of the Federal House of Representatives representing Bichi Federal Constituency, has extended his heartfelt congratulations to the National Chairman of the All Progressives Congress (APC), His Excellency, Dr. Abdullahi Umar Ganduje CON, on the occasion of his 75th birthday anniversary.

In a statement personally signed by Hon. Abubakar, he praised Dr. Ganduje for his inspiring life, which exemplifies integrity, honesty, dedication, and resilience—qualities that are the hallmarks of success in any career. “As a politician of the highest repute, you live an inspiring life which clearly demonstrates that integrity, honesty, dedication, and resilience are the hallmarks of success in any career,” Hon. Abubakar stated.

Hon. Abubakar also expressed his prayers for Dr. Ganduje, wishing him continued guidance and wisdom from Almighty Allah as he remains steadfast in leading the APC to greater heights. “As you celebrate your 75th birthday anniversary today, it is my prayer that Almighty Allah continues to guide and give you wisdom, as you remain resolute in moving our great party to greater heights,” he added.

Dr. Abdullahi Umar Ganduje, who has served in various capacities, including as the Governor of Kano State, is widely recognized for his contributions to the political landscape of Nigeria. His leadership and dedication have earned him respect and admiration from colleagues and constituents alike.

The congratulatory message from Hon. Abubakar underscores the high regard in which Dr. Ganduje is held within the APC and the broader political community. As the party’s National Chairman, Dr. Ganduje continues to play a pivotal role in shaping the future of the APC and advancing its mission and vision.

 

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18-Year-Old Suspect in Niger State Murder Case Dies in Police Custody

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An 18-year-old suspect, Fatiyah Abdulhakeem, who was accused of killing a retired Permanent Secretary in Niger State, Adamu Jagaba, has died in police custody.

Police sources confirmed Abdulhakeem’s death on Thursday, although the exact cause remains unclear. The suspect, recently paraded by Niger State Commissioner of Police, Shawulu Ebenezer Danmama, admitted during his arrest to being hired by workers of the deceased to carry out the murder at Jagaba’s block industry near the PDP Secretariat in Minna.

The Niger State Police Spokesperson, SP Wasiu Abiodun, said Abdulhakeem complained of severe stomach pain and coughing on December 19. He was taken to the General Hospital, Minna, for treatment but died while receiving medical attention. His body has been deposited at the hospital morgue, pending a postmortem examination to determine the cause of death. Investigations are ongoing.

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