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Good morning! Here Are Some Major News Headlines In The Newspapers Today: CBN prohibits use of foreign currency collateral for Naira loans

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1. The Central Bank of Nigeria, CBN, has prohibited the use of foreign currency, FCY as collateral for Naira loans. This directive, contained in a circular by Acting Director of the Banking Supervision Department, Adetona S. Adedeji, represents a significant shift in the CBN’s approach to loan collateralization.

 

2. Sultan of Sokoto, His Eminence, Alh. Muhammad Sa’ad Abubakar, has declared Wednesday as Eid-il-fitr. A statement on Monday by the Deputy Secretary General of NSCIA, Prof Salisu Shehu said fasting continues on Tuesday.

3. Federal Capital Territory, FCT, Minister Nyesom Wike on Monday shut down the International Conference Centre, ICC, for eight months for lack of maintenance. The minister, who announced this after inspecting the facility, cancelled all events and activities booked at the venue.

 

4. A notorious bandit who terrorized sections of Katsina and Zamfara states has reportedly been killed by a rival gang. Reliable sources from Batsari local government of Katsina State told Daily Trust that the bandit known as Dangote was killed in the early hours of Sunday.

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5. The Economic and Financial Crimes Commission, EFCC, says it has recovered N30 billion in the alleged money laundering case against the suspended Minister of Humanitarian Affairs, Betta Edu, and the ministry. It also revealed that 50 bank accounts were currently being investigated.

 

6. UAE carrier, Emirates, is expected to resume its flights to Nigeria in June this year, the federal government has hinted. This is coming almost two years after the airline suspended flights to Nigeria over issues bothering on trapped funds, among others.

 

7. The Edo State House of Assembly on Monday impeached the embattled state deputy governor, Philip Shaibu following the adoption of the report of the seven-man investigative panel set up by the state Chief Judge to probe allegations of misconduct against him.

 

8. A Federal High Court in Abuja has stopped a former Chairman of the Peoples Democratic Party, PDP, Uche Secondus, from participating in the party’s meetings pending the determination of a motion on notice. Also, the National Chairman, the Secretary of the Party, the National Executive Council, and the Board of Trustees were ordered not to allow Secondus to attend any of its meetings until the suit is determined.

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9. Gunmen dressed in army uniform reportedly abducted a popular ex-militant leader, High Chief Sobomabo Jackrich, aka Egberipapa, from his Usokun country home in Degema Local Government Area of Rivers State. Sources said the gunmen stormed his home around 3:00 am on Monday, killed two of his lieutenants and took him away to an unknown place.

 

10. The Lagos State Special Offences Court in Ikeja, on Monday, sent back the immediate-past Governor of the Central Bank of Nigeria, Godwin Emefiele, to the custody of the Economic and Financial Crimes Commission. Justice Rahman Oshodi made the remand order shortly after the anti-graft agency arraigned Emefiele on 23 counts bordering on “abuse of office, accepting gratifications, corrupt demand, among others.

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Police uncover gun factory in Yobe, arrest seven suspects

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Operatives of the Yobe state command of the Nigeria Police Force have uncovered an illegal firearms fabrication factory in Potiskum, Yobe State.

The Command’s spokesman, SP Dungus Abdulkarim, in a press statement, confirmed that seven suspects were arrested as part of the renewed strategies of the Commissioner of Police aimed at combating crime and criminality across the state.

“On June 2, 2026, at about 1800hrs, acting on credible intelligence, the Potiskum Area Command led a coordinated raid in collaboration with the Divisional Police Headquarters following reports that some blacksmiths were engaged in the illegal fabrication of Dane guns and other firearms.

“Police operatives swiftly mobilised to the scene, a blacksmith workshop located at Tasha Adua along Danchuwa Road, Potiskum. During the operation, seven suspects were arrested, and the following exhibits recovered,” the state read in part.

Abdulkarim added that fabricated pistols, 24 muzzle pipes, nine gun butts, four unserviceable Dane guns, one filing machine, and one sharp cutlass were recovered.

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He said that the suspects are currently undergoing thorough investigation with a view to identifying their collaborators, possible buyers, and the intended use of the fabricated firearms.

“The Commissioner of Police, CP Usman Kanfani Jibrin, has directed officers handling the case to intensify investigation, identify other illegal firearms fabrication centres within the area, and assess the level of security threat posed by such criminal activities.

“The Command further advises members of the public to refrain from allowing their premises or facilities to be used for unlawful activities, including the fabrication of dangerous weapons.

“Residents are urged to remain vigilant and promptly report suspicious movements or activities to the nearest police station or other security agencies,” the statement added.

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NDLEA intercepts drugs concealed in water purifiers from Netherlands, arrests man with 380 rounds of military-grade ammunition

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Operatives of the National Drug Law Enforcement Agency have intercepted high-potency illicit drugs concealed in water purifier machines shipped from the Netherlands.

The discovery was made on May 26, 2026, at a courier company, where officers found 3 kilograms of ketamine and 199 grams of MDMA hidden inside the appliances.

Femi Babafemi, the Director, Media & Advocacy of NDLEA, in a statement released on Sunday, said, “Operatives of the National Drug Law Enforcement Agency have uncovered consignments of high potency illicit drugs concealed in water purifier machines shipped to Lagos from Netherlands.”

In another operation in Kaduna State, operatives arrested a couple, Musa Sunday and Mercy Sunday, alongside Salomi Ezekiel, after recovering 100 jumbo bags of skunk weighing 1,246 kilograms from their residence in Gonin Gora area on May 24.

On the same day, along the Abuja–Kaduna highway at Jere, officers intercepted Sunusi Musa, a 30-year-old suspect found with 380 rounds of 7.62mm military-grade ammunition, allegedly heading to Katsina State.

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The suspect and exhibits were handed over to the appropriate security agency for further investigation.

Babafemi said, “In Niger State, NDLEA operatives acting on intelligence raided a warehouse at Gidan Kukah, Bosso Local Government Area, on May 27, where 457 kilograms of skunk were recovered.

“A suspect, Godwin Zakka, was later arrested at his residence in Minna in connection with the seizure.

“In Enugu State, operatives on patrol along the Onitsha–Enugu expressway intercepted a commercial vehicle marked JAY-158-YF on May 28, recovering 22,000 tramadol pills, 100 ampoules of pentazocine and 200 grams of bromazepam. A suspect, James Maigari Wisdom, was arrested.”

The agency said its War Against Drug Abuse (WADA) sensitisation campaign continued nationwide alongside enforcement operations, with lectures held in schools and communities across Cross River, Taraba, Lagos and Anambra states, among others.

It said, “With the same zeal, Commands and formations of the Agency across the country continued their War Against Drug Abuse sensitisation activities in schools, worship centres, work places and communities, among others.”

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Commending the operations, the Chairman/Chief Executive Officer of the NDLEA, Brig. Gen. Mohamed Buba Marwa (retd.), praised officers for sustaining both enforcement and preventive efforts and urged them to intensify the nationwide crackdown on drug trafficking networks.

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‘I knew my son was a kidnapper’ — Seriki Fulani Ijebu Ode tells police after ransom bag was found in his house

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The Seriki Fulani and leader of the Fulani community in Ijebu Ode, 67-year-old Abdullahi Muhammadu, who was arrested alongside his eldest child by the police in Ogun State for recent kidnappings around communities in the Ijebu area, has admitted that he was aware that one of his sons, Bala Muhammadu, is into kidnapping, but that he felt that he had turned a new leaf.

Muhammadu made the confession after one of the bags with which ransom was delivered was recovered in a kitchen in his home.

He, however, insisted that he had no hand in his son’s criminal activities, though they both stay in the same compound.

According to a report by The Tribune, the Fulani leader also admitted to have taken the wanted suspected kidnapper to the hospital for medical treatment for a month after being released from the correctional centre, where he served a five-year jail term for kidnapping.

The wanted Bala and his two other brothers were reportedly hinted of the presence of security operatives around their family compound and they allegedly quickly escaped through the bush.

It was gathered that operatives of the Anti-Kidnapping Unit of the Ogun State Police Command, led by the officer in charge, SP Bamidele Shirtu, while investigating the various incidents of kidnapping around Ijebu Ode, Imodi, Irewon, Iwode, Okun Owa and others, linked them all to Bala, who was just released from prison for the same kidnapping offence.

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A police source said: “After painstaking and intelligence investigation, one of the bags which was used in the payment of the ransom for one of the victims was recovered in the father’s kitchen. One of the children who saw us coming into the community already hinted Bala and his other brothers and they had escaped through the bush.

“It is not only Bala who is into the business. There is also Ndaji and one other and we are on their trail. There was an upsurge in kidnapping in the area after Bala was released from prison. He spent five years in prison for kidnapping.”

Muhammadu Abdullai told newsmen that: “My name is Muhammadu Abdulai. I am a cattle rearer and also a farmer. I have been in Yorubaland for more than thirty years now. I have four wives and thirty children in Yorubaland. I was honoured with the title of Seriki of Fulani in Ijebu Ode by the immediate past Awujale of Ijebu Ode.

“I don’t know anything about the bag that was found in my house. I live in the same compound with my children and wives. I have never kidnapped anybody in my life.”

The Seriki Fulani however admitted that he was aware that one of his sons, Bala, was into kidnapping.

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He said: “I know that Bala was into kidnapping. He was arrested and sent to prison. After he came back, I took him to the hospital, where he spent one month for treatment.

“I thought that he had turned a new leaf because he is now into farming and cattle rearing. I didn’t know that he is still into kidnapping. I don’t know if any of my other sons are into kidnapping. I am not into kidnapping and I will not encourage it.

“I didn’t want him to die when he came back from prison. He was looking very sick and pale. I wanted the best for him and other children. I took him to the hospital for treatment. I also encouraged him to stay away from crime.”

An elder brother to the wanted brothers, Bello, who was also arrested by the police, said: “I am Bello Muhammadu. I am the eldest child of my father. I was not at home when the policemen came. I was in the farm when my father called me. He could not understand what the policemen were saying.

“I am not into kidnapping. I am a herder. I only know that my younger brother, Bala, was arrested and taken to prison some years back. I don’t know anything about what he and any of my brothers are doing.

“If my father had known that Bala had returned to the crime, he would have killed him himself. He does not encourage anything like that.”

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The Ogun state police command image make , Oluseyi Babaseyi, while speaking on the arrest of the suspects, noted that the police’s successful operation on kidnappers and other criminal elements in the state was as a result of the support from the Inspector General of Police, Olatunji Disu.

Babaseyi said: “The Ogun State Police Command commends IGP Olatunji Rilwan Disu for his continued support towards tactical policing, intelligence-led operations, and the fight against kidnapping and other violent crimes.

“The command equally appreciates the strategic leadership and operational direction of the Commissioner of Police, CP Bode Ojajuni, which have continued to yield remarkable security successes within Ogun State.

“The successful operation carried out by the Anti-Kidnapping Unit, leading to the neutralisation/arrest of the notorious suspect and recovery of incriminating exhibits, underscores the bravery, professionalism and unwavering dedication of the operatives.

“Their resilience and intelligence-driven approach continue to frustrate criminal networks and reinforce public confidence in the Police.”

The command assured residents that sustained efforts are being intensified to dismantle all criminal syndicates operating within the state and its environs while urging members of the public to continue supporting security agencies with timely and credible information.

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