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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.

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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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Faleke Tasks Civil Servants to Resist Political Pressure

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By Yusuf Danjuma Yunusa

The Chairman, House of Representatives Committee on Finance, James Faleke, has said Nigeria’s quest for rapid development depends largely on the willingness of civil servants to uphold integrity and due process, even in the face of pressure from political office holders.

Faleke spoke in Abuja on Sunday evening on the sidelines of the launch of a book titled “The Nigerian Legislature: A Practical Guide for Lawmakers,” written by the retiring Clerk of the House Committee on Finance, Oscar Okoro, to mark his 60th birthday and retirement from service.

The lawmaker said civil servants remain the backbone of governance and play a critical role in ensuring that government policies and programmes are implemented in line with established rules and procedures.

“The civil service mainly builds the country. They are the technocrats. They are the people that we politicians rely on,” Faleke said.

“And if the civil servant decides to get this done properly, I think the country will be better off. Even when the politician says, let us do it the other way, and he says no, let us follow the rules, I think Nigeria will be better off.”

According to him, dedication to national development requires a genuine commitment to the country’s success and institutions.

“It is about dedication to the development of Nigeria. When you trust and believe in the country, you will want to see the success of the country,” he added.

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Faleke described Okoro as a dedicated, committed and hardworking public servant whose career should serve as an example to younger generations entering public service.

“Okoro is a very hardworking guy. Unlike others, he is not money-conscious; he just wants to see things done accordingly and appreciably. For every time I push him hard, he works harder. I believe he is going to succeed very well in his retirement,” he said.

Also speaking, Deputy Chairman of the House Committee on Finance, Abubakar Saidu, said his relationship with Okoro had grown beyond official engagement into a family bond.

He described the retiring clerk as a consummate professional whose conduct and work ethic offer valuable lessons for younger public servants.

“He is very dedicated, very patient. He is a professional, excellent and committed as well as exemplary when it comes to the job,” Saidu said.

The House spokesman, Akin Rotimi, also paid tribute to Okoro, describing him as a model public servant whose career embodied integrity, diligence and commitment to duty.

“My encouragement to people in service is that this is the kind of person to model and pattern their careers after, people who have integrity and diligence as their watchword,” Rotimi said.

He noted that although the National Assembly has institutional mechanisms for mentoring and leadership development, Okoro’s experience and expertise would be difficult to replace.

Responding, Okoro attributed his achievements in public service to God, hard work, patience and humility.

“Life itself is a very difficult and cautious journey. You have to know your onions, be hardworking, be patient, humble and respectful. If these are lacking, you are bound to fail either in the National Assembly or anywhere in life,” he said.

The retired clerk said he would return to legal practice and consultancy while devoting more time to mentoring young people and serving God.

Earlier, the reviewer of the book, Professor Kabir Danladi of the Department of Public Law, Ahmadu Bello University, described the publication as a reflection of the author’s dedication during his 27 years of service.

Danladi said the 335-page book provides a practical guide to the workings of Nigeria’s legislature, particularly the National Assembly, covering its constitutional foundations, internal structures, legislative procedures, oversight responsibilities and relationship with other arms of government.

According to him, the book is organised into nine chapters and offers both historical and practical insights into legislative practice, making it a valuable resource for lawmakers, political actors, students and citizens seeking a deeper understanding of parliamentary governance.

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Dangote Cement Deploys AI, Telematics to Enhance Transport Safety

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Dangote Cement Transport has scaled up series of impactful, and technology backed programmes designed to improve performance, governance and compliance to road safety.

A statement from the Branding and Communications Department of the company said the enhanced programmes cover key operational areas, including performance metrics, strengthened governance standards, and improved accountability frameworks.

It further noted that the programmes also extend to comprehensive driver training and competency development, technology-enabled safety systems, journey management protocols, and regular recertification processes.

Other components include mandatory drug screening, strategic partnerships and collaborations, as well as environmental, social, and governance (ESG) commitments, sustainability programmes, and community impact programmes, among others.

The statement signed by the company’s spokesman, Anthony Chiejina, recalled that the Federal Road Safety Corps (FRSC) had recently commended the company for its proactive safety programmes, which have contributed to reducing road traffic crashes across the country.

The statement quoted Head of Transport of the Dangote Cement Plc, Mr. Murilo Silva, as saying that the company has upscaled its transport management systems through the deployment of automated inspection technologies and artificial intelligence-driven solutions aimed at enhancing operational efficiency and road safety.

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Mr. Silva said the company has since deployed enhanced GPS and telematics systems for real-time monitoring of driver behaviour during transit, strengthening oversight and operational safety across its fleet.

He added that, in a bid to combat driver fatigue, the company has increased its wellness campaign, while also engaging in a series of stakeholder fora with third-party truck operators and drivers to reinforce safety awareness, compliance, and responsibility on the road.

Mr. Sliva said the company’s collaboration with the Federal Road Safety Corps (FRSC) is already yielding positive results, noting that the partnership has continued to strengthen safety standards across its operations.

He added that FRSC officials are actively involved in the training and screening of drivers at the Dangote Articulated Vehicle Driving School in Obajana, where they provide technical guidance, enforce compliance with best practices, and support the development of highly competent and safety-conscious drivers.

According to him, the percentage of drivers undergoing structured training, drug and alcohol testing, as well as periodic recertification, has increased significantly, describing the growth as “astronomical.”

According to him, between the first quarters of 2025 and 2026, Dangote Cement Plc, Obajana, recorded significant improvements in its safety compliance measures, with drug and alcohol testing increasing by 245.2 per cent, pre-trip vehicle inspections rising by 489.1 per cent, and driver training programmes expanding by 128.4 per cent.

Corps Marshal of the FRSC, Shehu Mohammed, had commended the company for setting new standards in road safety management and urged it to sustain the reforms that have continued to improve safety across Nigeria’s transport sector.

The Corps Marshal stated that comparatively between 2025 and 2026, road crashes involving trucks belonging to the Dangote Cement Plc declined by 56 per cent, while fatal cases decreased by 36 per cent and injuries dropped significantly by 52 per cent.

He said the improvement has shown that the company has implemented its Gap Analysis, and company policies worthy of emulation by all logistics companies in Africa.

“We have always said that if Dangote Cement get its right, Nigeria and Africa, will get it right. This is a plus for Nigeria,” he said.

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Yusuf Muhammad Kawu Emerges as APM Candidate for Nassarawa Constituency

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Ambassador Yusuf Muhammad Kawu has officially secured the ticket of the Allied Peoples Movement (APM) to contest for the House of Representatives seat representing Nassarawa Federal Constituency in Kano State.

In a statement released to his supporters and the general public, Kawu expressed gratitude and optimism, describing his emergence as a reflection of his commitment to serve with dedication, integrity, and a clear vision for progress.

“This victory is a testament to my commitment to serve our people with dedication, integrity, and a clear vision for progress,” he said. He further appealed to constituents for their support and votes in the forthcoming election, pledging that their mandate would be his responsibility and their pride.

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Kawu emphasized that his candidacy is driven by a desire to build a stronger and more prosperous Nassarawa Constituency, promising inclusive representation and development-focused leadership.

The Allied Peoples Movement, though relatively smaller compared to Nigeria’s dominant political parties, has been steadily gaining ground in various constituencies, positioning itself as an alternative platform for candidates seeking to challenge the status quo.

As campaigns intensify ahead of the general elections, Kawu’s emergence sets the stage for what could be a competitive race in Nassarawa Constituency.

 

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