Business
Grandma Nabbed For Cocaine Trafficking
A 56-year-old grand mother has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed Airport, Ikeja Lagos for allegedly inserting 20 wraps of cocaine in her private parts and ingesting 65 wraps.
The suspect, Abiola Khadijat who resides at Musa Adewokun Street, Ojota Lagos was arrested on October 7, at about 9 pm. She was to travel to Atlanta, United States (U.S.) when she tested positive to drug ingestion during screening of passengers on Delta Airline flight.
Abiola, an international trader said she was indebted and decided to smuggle narcotics. “A man I met in a popular eatery introduced me into the drug trade. I attempted suicide several times but I was encouraged. I used to go to London to buy clothes and jewelleries since 2004 but I lost everything.
I have three daughters; the eldest who is 21 is a single parent like me. Now I am old and cannot work anywhere, no help from anywhere and I got frustrated. They said they will pay me when I get to the US,” she said.
Another suspect, Godday Ugweogbu, 31 was also arrested on his way from Brazil on October 8, with 93 wraps of substances that tested positive for cocaine in his stomach.
Ugweogbu who hails from Orlu in Imo State said: “I excreted three wraps in the flight, but for fear of arrest I washed them and swallowed them again. I have financial problem. I was stranded in Brazil. I decided to smuggle the drugs because I was promised N2.5 million”.
He was caught during the screening of passengers on a South Africa Airline flight.
The agency also intercepted 6.350 kilogrammes of cocaine industrially packed inside 26 pairs of garden shears and 60 trowels on October 13,
The consignment with Airway bill number 176-8457 3576 was imported from Brazil on an Emirate cargo flight by Fuitful Investment Nigeria Limited at the cargo section of the Murtala Muhammed International Airport (MMIA) Lagos.
Already, two clearing and forwarding agents, Abdullahi Shaba, 42 and Salau Nurudeen Wale have been arrested in connection with the consignment which was shipped by a Brazilian firm, Absoluta Trading. The value of the seized drugs in Lagos is N80.8 million .
The Chairman/Chief Executive of the NDLEA, Ahmadu Giade attributed the recent successes recorded to good foreign collaboration and commitment to the drug war.
“The discovery was made possible through exchange of intelligence with the United Kingdom under the Operation West Bridge. This certainly signifies end of the road to drug barons because we have similar understanding with other countries. We shall continue to detect and seize their drugs notwithstanding the mode of concealment,” Giade said.
He assured that the case will be thoroughly investigated.
Speaking on the arrest, the Acting NDLEA Airport Commander, Alhaji Idris Bello said the drug was factory concealed in the handles of the garden shears and trowels. “The handles were practically broken before the drug was discovered,” he said. The two clearing and forwarding agents arrested are assisting NDLEA operatives in further investigation,” he said.
The agency vowed to dislodge drug cartels in the country following recent discoveries of narcotics imported through the cargo section of the Lagos airport. All the suspects will soon be charged to court.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.