News
Interpol, Afripol Smash $260m Terror Financing Network in Nigeria, Others

Interpol and Afripol have uncovered a vast web of terrorist financing across Africa, leading to 83 arrests in six countries and the seizure of $260 million in cash and cryptocurrency linked to organized crime and extremist groups.

Pix credit… FCA
Codenamed Operation Catalyst, the three-month crackdown conducted between July and September 2025, marked the first coordinated continental effort to dismantle the financial pipelines feeding terrorism.
The operation brought together law enforcement agencies from Angola, Cameroon, Kenya, Namibia, Nigeria, and South Sudan.
Approximately $600,000 has already been seized, with additional investigations underway to trace and recover further assets.
Tackling terrorist financing is particularly complex for law enforcement, as it often cuts across diverse criminal activities, including fraud, kidnapping for ransom, illicit trade, online scams, Ponzi schemes and the misuse of virtual assets.
These illegal activities can be linked to terrorism financing directly—when terrorist groups receive funds from such schemes—or indirectly, through money laundering or intermediary networks.
These connections highlight how different forms of crime are increasingly intertwined, underscoring the need for a united and coordinated response.
To tackle this multifaceted threat, participating countries shared intelligence on significant targets at the pre-operation phase.
This was supplemented by strategic cyber intelligence from INTERPOL and AFRIPOL with key data from private-sector entities Binance, Moody’s and Uppsala Security.
Valdecy Urquiza, secretary general, INTERPOL, said: “Operation Catalyst is the first time, financial crime, cybercrime and counter-terrorism units from multiple African countries have joined forces with INTERPOL and AFRIPOL to target the financing of terrorism. By sharing intelligence, expertise and resources, we can more effectively identify and disrupt the financial flows that support terrorist activities to stay one step ahead of these threats and keep our communities safe.”
Ambassador Jalel Chelba, executive director, AFRIPOL, said: “The success of Operation Catalyst lies in the synergy and convergence of efforts among national units combating financial crime, cybercrime, and terrorism. This joint endeavour, dedicated to disrupting the financing of terrorism across the African continent, illustrates how coordinated action between Member States, facilitated by AFRIPOL and INTERPOL, can effectively address complex and evolving security threats. Such cooperation stands as tangible proof that Africa’s law-enforcement community, when united, offers a decisive and appropriate response in the pursuit of a secure and stable Africa.”
Operational highlights: High-value global scams linked to terrorism financing
In one significant case from Angola, 25 individuals of multiple nationalities were detained following investigations into informal value transfer systems that were identified as connected to potential terrorist financing and money laundering.
The operation included the inspection of 30 commercial establishments, where police seized approximately USD 588,000, 100 mobile phones and 40 computers. Sixty bank accounts were also frozen.
In Kenya, a suspected money laundering operation using a virtual asset service provider was identified as having potential links to terrorism financing.
The scheme, worth approximately USD 430,000, involved 12 people, two of whom have so far been arrested. In a separate case in Kenya, two individuals were arrested for the online recruitment of young people from East and North Africa into terrorist groups.
The funds used for the recruitment and radicalization were traced through a cryptocurrency trading platform, back to individuals in Tanzania.
In Nigeria, the operation led to the arrest of 11 suspected terrorists, including high-level members of several terrorist groups.
One notable transnational case involved a massive cryptocurrency-based Ponzi scheme, which claimed to be a legitimate online trading platform, affected at least 17 countries around the word, including Cameroon, Kenya, and Nigeria.
The scheme accumulated more than 100,000 victims around the world, with an estimated loss to victims of USD 562 million.
The investigations related to Operation Catalyst found that several large-valued wallets were potentially linked to terrorism financing activities. The case is still ongoing, with investigations currently in progress.
As part of Operation Catalyst, a Red Notice was also issued for an individual thought to be behind a sophisticated cryptocurrency scheme which scammed victims of approximately USD 5 million.
The scam redirected funds to multiple addresses and centralized exchange platforms to obscure the trail and convert the assets into fiat currency. Investigators believe the case exhibits several traits consistent with known terrorist financing methodologies.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
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