Business
Road Crashes: NDLEA Identifies Drug Abuse As Major Factor
The National Drug Law Enforcement Agency (NDLEA) says drug abuse and trafficking are the major contributing factors to over 80 per cent of road traffic crashes in the country.
The Chairman and Chief Executive of NDLEA, Col. Mohammad Mustapha Abdellah (rtd) said this at the launching of the agency’s campaign against illicit drug abuse and trafficking organized to mark the “2018 World Anti-Drug Day” held in Port Harcourt.
The Chairman, who was represented by the Rivers State Commander of the NDLEA, Amb. Rachael Shelleng said the agency’s statistics of the six months of 2018 showed that 80 percent of the total of 93 suspects arrested and prosecuted were private and commercial drivers in the state.
According to the NDLEA chairman, the campaign against illicit drug abuse and trafficking this year was to highlight the dangers of drug use and illegal trade and to provide educational materials to stakeholders mostly drivers and school children in the country.
He said the agency seized a total of 121.15 volumes of illicit drugs, convicted 13 of 93 suspected drug traffickers and rehabilitated 11 of them.
He also said that the remaining suspects were being prosecuted in courts.
Abdallah said the agency is adopting more holistic approach in collaboration with relevant agencies to tackle drug trafficking in Nigeria, including Rivers State to reduce accident on the road.
Also speaking, the Zonal Coordinator, Zone C, Nigeria Customs Service, Port Harcourt, Sanusi Umar said 20-40 feet’ containers containing tramadol drug was intercepted in Rivers State as smuggled illicit drug recently.
Umar also categorised expired foreign rice to Nigeria as drug trafficking.
According to him, over six trucks of foreign rice that had already expired were accosted and that experiment had shown that expired foreign rice was one of the major contributing factors to cancer disease.
He called on the relevant agencies of government to join hands in fighting drug abuse and trafficking, saying that crime would be reduced, if the rate of drug consumption is reduced.
The customs coordinator also urged drivers to shun drinking of alcohol and other related drugs while driving, noting that over-speeding was as a result of alcohol and drugs influence on drivers.
Enoch Epelle
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.