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EFCC Seeks Stiffer Sanctions For Financial Crimes
Chairman of the Economic and Financial Crimes Commission (EFCC) Farida Waziri has advocated stiffer sanctions for perpetrators of financial crimes.
Waziri spoke at a public hearing, midweek, held by the House of Representatives Committee on Drugs, Narcotics and Financial Crimes.
The hearing was on the bills for an Act to provide for measures to combat terrorism and related matters and one to repeal the Money Laundering Prohibition Act, 2004.
The Weekend Tide source reports that the Financial Action Task Force (FATF) and some other anti-money laundering agencies had placed Nigeria on their watch list.
The action led the Federal Government to inaugurate the Presidential Inter-Ministerial Committee to address identified weaknesses in the nation’s anti money laundering crusade. Waziri said the sanctions regime in the 2004 Act was not proportional as to discourage criminals, noting that the existing laws were ambiguous in defining the 20 offences the FATF categorised as money laundering and financial crimes.
“There is a need for the Money Laundering Prohibition Act (MLPA) to recognise and designate the 20 serious offences as recommended by the FATF.
“The bills, when passed, will also address the wide range of inadequacies in Nigeria’s AML/CFT legal framework as highlighted in country’s 2008 Mutual Evaluation Report by the FAFT and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA),” she said. According to her, Nigeria is rated non-compliant in majority of the FATF’s 40 recommendations, mainly on account of weakness in the country’s legal framework.
Waziri reminded the committee that Nigeria had been the target of review by the FATF on account of the weakness observed in the nation’s anti-money laundering regime and her readiness to combat terrorism.
She identified weak sanctions regime, inadequate provisions for customer, due diligence requirements, non-inclusion of politically exposed persons and lack of definition of suspicious transaction reporting as some of the weaknesses.
Waziri also cited the absence of legal protection for reporting institutions and persons and absence of legal provisions for the protection of information of Nigeria Financial Intelligence Unit (NFIU).
She said most countries have laws to protect informants so that they would not be endangered. “ We need to protect you (informants) so that we can encourage people to come forward, that is the whistle blowing we are talking about,” she said.
In his presentation, Mr Lanre Ipinmisho, Director-General of Nigeria Drug Law enforcement Agency (NDLEA), said all stakeholders must play a role by collaborating with one another in fighting corruption and drug related offences.Ipinmisho said it was through collaboration of all anti graft agencies and security outfits that the issue of drug barons and corruption would be dealt with.“As the nation prepares for 2011 elections and we want our votes to count, the problems we have is not the laws to implement all these but the commitment and sincerity of all relevant agencies.“We have all the laws; we also need the officers to implement the laws without pressure from international friends to deal with the drug barons who were ready to use their ill gotten wealth to rig elections in their favour,’’ he said.Declaring open the public hearing, the Speaker, House of Representatives, Dimeji Bankole, said that all terrorist acts are crimes under international law, adding that legislation and gathering of intelligence must be used to combat terrorism. Represented by the House leader, Hon. Tunde Akogun, Bankole, pledged early passage of the two bills.He assured that the House would ensure transparency, probity and accountability in legislating against terrorism, money laundering and corruption.Chairman of the committee, Rep. Rabe Nasir, said it was the responsibility of all stakeholders to fight terrorism and money laundering as both were capable of ruining a nation.Nasir, however, said the committee was dissatisfied with the efforts of anti graft agencies in combating money laundering.The Weekend Tide source reports that there were presentations from the Central Bank of Nigeria, NFIU, Nigeria Police Force, Nigeria Civil Defence and Security Corps and Securities and Exchange Commission.
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Rivers Govt Hails Anglican Church’s Role In Peace, Development
The Rivers State Government has commended the Church of Nigeria (Anglican Communion) for its outstanding contributions to the development of Rivers State, particularly in the areas of peacebuilding, education, healthcare, and moral development.
Governor of Rivers State, Siminalayi Fubara, stated that the Church has remained a dependable partner in promoting peace, unity, justice, moral discipline, and social harmony across society.
The Governor, who was represented by the Secretary to the State Government, Dr. Dagogo Wokoma, made the remarks during the thanksgiving service marking the 30th Anniversary and First Session of the 11th Synod of the Diocese of Niger Delta North, held at St. Peter’s Anglican Church on Sunday.
Governor Fubara described the Synod’s theme, “Kingdom Advancement: The Priority of Every Believer,” as timely and relevant, considering the prevailing realities in society.
According to him, the Church continues to play a vital role in shaping societal values and inspiring hope among citizens.
“The Church remains a vital partner in promoting peace, unity, justice, and moral discipline. Its role in shaping values and inspiring hope cannot be overemphasized,” he stated.
The Governor further acknowledged the Anglican Communion’s contributions in education, healthcare delivery, youth empowerment, humanitarian services, and spiritual guidance across communities in Rivers State.
“The Rivers State Government appreciates the invaluable contributions of the Anglican Communion in education, healthcare, youth development, humanitarian support, and spiritual guidance. Your impact across communities in Rivers State continues to strengthen families and promote peaceful coexistence among our people,” he added.
Governor Fubara reaffirmed his administration’s commitment to building a peaceful, united, and prosperous Rivers State where all citizens can thrive irrespective of religion, ethnicity, or social background.
He also urged the Synod to continue praying for sustainable development and progress in Rivers State and Nigeria at large.
Earlier in his sermon, the Guest Minister, Joseph Olushola, spoke on the topic, “Kingdom Investment and Internal Rewards,” urging Christians to remain faithful stewards of God’s blessings and committed to advancing God’s kingdom through service and generosity.
The cleric emphasized that believers are custodians of the virtues and resources entrusted to them by God, stressing that divine rewards are based on faithfulness and impact rather than material possessions.
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Shell, MAN Back Rivers’ Drive For Expanded Gas Supply To Industries
The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria (MAN), has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.
The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.
Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.
According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.
He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.
“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.
Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.
He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.
Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.
Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.
He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.
According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.
Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.
He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.
The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.
By; Kevin Nengia
News
Odu Charges Newlyweds To Build Marriage On Love
Rivers State Deputy Governor, Prof. Ngozi Nma Odu, has charged newlywed couples to build their marriages on the virtues of love and submission as taught in the Word of God.
Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt on Saturday, 16th May 2026.
The Deputy Governor congratulated the couple on beginning a new phase of life together and prayed for God’s blessings upon their union, noting that the couple had been raised by godly parents and encouraged them to uphold the Christian values instilled in them.
Referring to the sermon delivered during the ceremony, Prof. Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.
According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.
Prof. Odu further prayed for enduring peace, happiness, and progress in the home, expressing confidence that the marriage would continue to flourish under God’s guidance.
The Deputy Governor also commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.
In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.
According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.
He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.
Drawing from the biblical parable of building a house on a rock, Pastor Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.
He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.
The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.
It would be recalled that the bride is the daughter of Pastor Sunny Cookey the Founder and Presiding Pastor of Lifegate Ministries. The Ceremony had lots of Ministers in attendance which includes Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo
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