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SCANDAL: FG reveals names of 15 alleged terrorism financiers
The Nigerian government has named 15 entities allegedly financing terrorism in the country.
The entities include nine individuals and six Bureau De Change operators and firms, as revealed by the Nigerian Financial Intelligence Unit (NFIU).
The NFIU in an email sent to PUNCH revealed the names in the memo entitled “Designation of Individuals and Entities for March 18, 2024.”
The document revealed that the Nigeria Sanctions Committee met on March 18, 2024, where specific individuals and entities were recommended for sanction following their involvement in terrorism financing.
“The Honourable Attorney General of the Federation, with the approval of the President, has thereupon designated the following individuals and entities to be listed on the Nigeria Sanctions List,” the document read in part.
Mamu, who is currently being tried by the Federal Government for allegedly aiding the terrorists who attacked the Abuja-Kaduna train in March 2022, was said to have financing terrorism by receiving and delivering ransom payments to terrorists.
The document the paper reported claimed that Mamu “participated in the financing of terrorism by receiving and delivering ransome payments over the sum of $200,000 US in support of ISWAP terrorists for the release of hostages of the Abuja-Kaduna train attack.”
The document said one of the individuals is “the suspected attacker of the St. Francis Catholic Church Owo, Ondo State on June 5, 2022 and the Kuje Correctional Center, Abuja on July 5, 2022.”
Another was described as “a member of the terrorist group Ansarul Muslimina Fi Biladissudam, the group is associated with Al-Qaeda in the Islamic Maghreb.
“The subject was trained and served under Muktar Belmokhtar, aka One Eyed Out, led Al-Murabtoun Katibat of AQIM in Algeria and Mali.”
The NFIU said the individual “specialises in designing terrorist clandestine communication code and he is also Improvised Explosive Device expert.
“The subject was also a gate keeper to ANSARU leader, Mohammed Usman aka Khalid Al-Bamawi. Equally, he was a courier and travel guide to AQIM Katibat in the desert of Algeria and Mali. He is into carpentry. Subject fled Kuje correctional centre on July 5, 2022. He is currently at large.”
Another was identified as “a senior commander of the Islamic State of West Africa Province Okene.”
The agency said, the individual “came into limelight in 2012 as North Central wing of Boko Haram.
“The group is suspected of the attacks carried out around Federal Capital Territory and the South West Geographical Zone, including the June 5, 2022 attack on St. Francis Catholic Church, Owo, Ondo State.”
Another was described as “a financial courier to ISWAP Okene. She is responsible for the disbursement of funds to the widows/wives of the terrorist fighters of the group.”
According to the document, another of the individuals “in 2015, transferred N60m to terrorism convicts.”
He was also said to have “received a sum of N189m between 2016 and 2018.”
The same person is said to “own entities and business reported in the UAE court judgment as facilitating the transfer of terrorist funds from Dubai to Nigeria.”
Another individual was said to have “received a total of N57m from between 2014 and 2017.”
Another was said to have “had a total inflow of N61.4 bn and a total outflow of N51.7bn from his accounts.”
The document further revealed that, in accordance with Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, institutions and individuals are required to:
“(a) immediately, identify and freeze, without prior notice, all funds, assets, and any other economic resources belonging to the designated persons and entities in your possession and report same to the Sanctions Committee;
“(b) report to the Sanctions Committee any assets frozen or actions taken in compliance with the prohibition requirements.
“(c) immediately file a Suspicious Transactions Report to the NFIU for further analysis on the financial activities of such an individual or entity; and
“(d) report as a Suspicious Transactions Report to the NFIU, all cases of name matching in financial transactions prior to or after receipt of this List. ”
It said the “The freezing obligation required above shall extend to
“(a) all funds or other assets that are owned or controlled by the designated persons and entities, and not only those that are tied to a particular act, plot, or threat of terrorism or terrorism financing;
“(b) those funds or other assets that are wholly or jointly owned or controlled, directly or indirectly, by designated persons or entities;
“(c) the funds or other assets derived or generated from funds or other assets owned or controlled directly or indirectly by designated persons or entities; and
“(d) funds or other assets of persons and entities acting on behalf of, or at the direction of designated persons or entities.”
Since assuming office, Tinubu rolled out various policies, including the removal of fuel and electricity subsidies, unification of the forex policy, and naira devaluation, all of which were blamed for the food inflation and high cost of living in the country.
The criticisms come as Nigerians reflect on Tinubu’s performance in office. While the government maintains that its reforms are necessary for long-term recovery.
A former aide to ex-President Goodluck Jonathan, has declared that at least 10 miracles are happening under President Bola Tinubu.
One: For the first time in over a decade, Nigeria has overshot its OPEC quota for three consecutive months and is set to do the same for the fourth month, producing an average of 1.71 million Barrels Per Day.
Two: The Nigerian Stock Exchange rises above 130,000 All Share Index for the first time ever.
Three: Food prices have significantly reduced, resulting in a drop in inflation to 20.12% in August 2025, a 1.76% drop from July’s 21.88%.
Four: MTN Nigeria Limited hits a record valuation of ₦10 trillion, the first Nigerian company to do so.
Five: Oil theft has been reduced to less than 10,000 Barrels Per Day, a sixteen-year low.
Six: Nigeria achieved its revenue target for the entire year in August, a first in our history.
Seven: Foreign Reserves are above $41 billion.
Eight: After a record trade surplus last year, Nigeria appears set to beat our 2024 figure. Our trade surplus rose 44.3% in Q2 to ₦7.46 trillion, up from ₦5.17 trillion in Q1.
Nine: Dangote has crashed fuel price to ₦841.
Ten: The Naira has appreciated to ₦1497 to $1, a five-month high.
“We must pray for Wike now,” he said.
The conversation surrounding the health of Nyesom Wike, the Federal Capital Territory Minister, has taken a intriguing turn as a prominent prophet recently shared a prophecy regarding his condition.
The adage “health is wealth” rings especially true in the world of politics, highlighting the necessity for leaders to prioritize their well-being amidst the pressures of public life.
Recent reports from an online news platform suggested that Wike had traveled to the United Kingdom for medical treatment, with allegations indicating a diagnosis of congestive heart failure.
This revelation has stirred concern among his supporters and the general public alike.
In response to these unsettling rumors, Prophet Julius Okonkwo, a well-known cleric and the presiding pastor of Kingdom Seeker Ministries based in the United States, offered reassurance about Wike’s health.
During a recent address, Okonkwo asserted that there is no need for alarm. “Wike is in good health, and he has many more years to live—mark my words,” he declared.
He cautioned that the troubling news circulating about the minister was politically motivated, aimed at instilling fear among Nigerians.
Further emphasizing Wike’s importance to the current administration, the prophet labeled him as “the best minister” in the government and warned that there are adversaries both within and outside his circle.
He urged the public to join in prayer for Wike, underscoring the need for vigilance in the face of potential threats. “We must pray for Wike now,” he said.
The Federal University of Petroleum Resources, Effurun (FUPRE), in partnership with the African Child Foundation (ACF), has fixed Thursday, November 6, 2025, for the much-anticipated FUPRE Oil and Gas Awards.
The ceremony, which has become one of the most prestigious gatherings on Nigeria’s oil and gas calendar, will take place at the University Arena in Effurun, Delta State.
Announcing the date, the Vice-Chancellor of FUPRE, Professor Ezekiel O. Agbalagba, highlighted the institution’s role as Africa’s first petroleum-focused university and one of only six of its kind globally.
Established in 2007, he said the university has consistently driven innovation, research, and manpower development in the petroleum industry, making it a hub of excellence in energy education.
On his part, the Country Director of the African Child Foundation, Olorogun Dr. Donaldson Onosakponome, described the Awards as a platform to raise industry role models by celebrating innovation, efficiency, safety, sustainability, and operational excellence.
“This year’s Awards will not only spotlight outstanding organizations and individuals,” Dr. Onosakponome said, “but also celebrate the resilience of industry players who made possible the recent increase in Nigeria’s oil production.”
Since inception, the FUPRE Awards have recognized excellence across the oil and gas value chain, upstream, midstream, and downstream, while also rewarding corporate social responsibility and environmentally friendly practices.
The 2025 edition, organizers disclosed, will broaden its scope to honor breakthroughs in renewable energy and data-driven innovation, in line with global energy trends.
Nominations and sponsorship opportunities for the event are now open through FUPRE’s media office and the African Child Foundation.
Africa’s richest man Aliko Dangote has addressed the press and confirmed that the price of his petrol has dropped market rate by N259
The refinery hopes to have more impact in the future as it finally begins its direct petrol distribution
Dangote Refinery is celebrating is one year anniversary and it has been confirmed that the capacity will be increased.
Speaking to journalists on Monday, September 15 to mark the refinery’s first anniversary he also said that Nigeria’s decades-long fuel supply crisis has been stopped.
Dangote who was also reacting to intense criticism from National Union of Petroleum and Natural Gas Workers (NUPENG) and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) revealed the impacts of his refinery
According to him, the pump price, which stood at about N1,100 per litre last year, has dropped to N841 in the South West, Abuja, Delta, Rivers, Edo and Kwara states.
He said: “Despite opposition and economic headwinds, the refinery has successfully reduced the price of petrol from nearly N1,100 before production began to N841. With the rollout of CNG-powered trucks, this price reduction will soon be felt nationwide.”
African richest man also said that its 650,000 barrels-per-day refinery, Africa’s largest has deployed 1,000 Compressed Natural Gas (CNG)-powered trucks as part of its direct fuel distribution programme.
The initiative, according to Dangote, will create 24,000 jobs in the first phase, the Nation reports.
He added that the refining capacity would rise to 700,000 bpd next year, adding that the plant has the ability to meet Nigeria’s domestic demand while generating foreign exchange through exports. Between June and early September, the refinery exported more than 1.1 billion litres of petrol, he said
Dangote, who backed the federal government’s target of growing Nigeria into a $1 trillion economy by 2031, urged more Nigerians to invest locally.
He acknowledged resistance from some vested interests in the downstream sector, but maintained the project was designed to support growth across Nigeria and Africa.
He said. “We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era. “What we have done is to make our country and continent proud.”
…As Oborevwori Donates Buses To Institute
The Petroleum Training Institute (PTI), Effurun, Delta State, has expressed readiness to collaborate with the State Government on international oil and gas training programmes designed to equip youths with employable skills and drive economic growth in the state.
Speaking during a courtesy call on Governor Sheriff Oborevwori at Government House, Asaba, on Tuesday, the Principal and Chief Executive Officer of PTI, Dr. Samuel Onoji, said the Institute was committed to offering discounted and subsidised international trainings in oil and gas to enhance the employability of Delta youths.
Onoji commended Governor Oborevwori’s infrastructural drive, describing developments under his administration as unprecedented in the history of the state.
He also appreciated the Governor for reconnecting electricity to the Institute and invited the Governor to the Institute’s International Hydrocarbons and Scientific Conference scheduled for October at the PTDF Hall, Abuja.
In his remarks, Governor Oborevwori commended PTI and the Minister of Petroleum, Senator Heineken Lokpobri, for releasing 25 hectares of land to the state government, stressing that the gesture reflected their commitment to Delta’s growth and development.
“PTI is very dear to us in Delta because it opened the door for other federal government establishments to come into our state.
“We don’t take anything concerning PTI lightly. Your visit today is a demonstration of your commitment, and I assure you that this government will continue to support the Institute in all its endeavours,” the Governor said.
As part of his support, Governor Oborevwori approved the donation of a Coaster Bus and an 18-seater Hiace Bus to meet the mobility needs of staff and students of PTI.
Established in 1972, PTI is regarded as the foremost petroleum training institute in Africa, mandated to train and retrain skilled manpower for the oil and gas industry.
News
‘No More N865/Ltr’ – Dangote Releases List of Filling Stations Selling Petrol At Cheaper Rate (New Petrol Prices by States)
The Dangote Petroleum Refinery has announced a fresh reduction in petrol pump prices, offering Nigerians a much-needed relief at a time of rising living costs.
Starting from Monday, September 15, petrol will now be sold below N865 per litre at select partner filling stations across the country.
This announcement comes alongside the refinery’s new distribution model, which involves the use of Compressed Natural Gas (CNG) trucks to deliver fuel directly to stations. The approach is expected to cut down logistics costs and improve fuel availability nationwide.
New Petrol Prices by States
According to Dangote Refinery, the price adjustments will immediately take effect in several states, with plans to expand nationwide.
Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti: N841 per litre (previously between N865 and N880)
Abuja, Delta, Rivers, Edo, and Kwara: N851 per litre (previously between N890 and N910)
Dangote emphasized that this is just the beginning, promising that more states will benefit from similar reductions in the coming weeks.
Partner Filling Stations Selling at New Prices
The refinery has partnered with both long-standing and newly added marketers to make cheaper petrol available to Nigerians.
Existing Partners
MRS
Heyden
Ardova (AP)
Hyde Energy
Optima
Techno Oil
TotalEnergies
New Partners
Garima Petroleum
Sunbeth Energies
Sobaz Nigeria Ltd.
Virgin Forest Energy
Sixxco Oil Ltd.
N.U. Synergy Ltd.
Soroman Nigeria Ltd.
Jezco Oil Nigeria Ltd.
Jengre
Cocean
Kifayat
Triumph
Golden Sifem Global
Riquest
Mamu Oil
Why the price drop matters
The price cut, which averages N24 lower per litre, is directly linked to Dangote’s new direct distribution strategy. By rolling out thousands of CNG-powered trucks and establishing CNG “daughter booster” stations across the country, the refinery aims to reduce dependence on middlemen, thereby slashing transportation costs that usually drive fuel prices higher.
At the moment, Dangote has taken delivery of 1,000 out of the 4,000 trucks it ordered. This investment in logistics is expected to ensure steady nationwide distribution in the months ahead.
Benefits for petrol dealers and marketers
Beyond reducing retail prices, Dangote Refinery has also extended an invitation to filling station owners across Nigeria to join its distribution network. The company is offering:
Free delivery logistics through its CNG-powered truck fleet
Access to credit facilities: Dealers who purchase 500,000 litres can obtain an additional 500,000 litres on credit for two weeks, under bank guarantee
This system is designed to support petrol dealers, manufacturers, transport operators, and other large-scale users while ensuring Nigerians pay less at the pump.
NNPC price comparison
Interestingly, the Nigerian National Petroleum Company (NNPC) Limited has also recently adjusted its pump price to N865 per litre, which remains slightly higher than Dangote’s new rates in most states.
The competition between the state-owned NNPC and the privately owned Dangote refinery may continue to shape petrol pricing in Nigeria in the coming months.
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