News
NIPOST Raids Firm over Alleged Shady Deals in Capital Market
Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), said it has uncovered some of the shady deals going on at the Nigerian Capital Market, involving some Company Registrars.
NIPOST has also invited the Economic and Financial Crimes Commission (EFCC), to further investigate the matter.
The recent exposure was about a shady deal involving a Registrar to an old generation bank, who allegedly contracted a business worth N15 million to a courier company said to be an illegal operator
It was learnt that the operating license of the said company had been revoked by CLRD since 2018.
The said business was about the processing of the 2020 Annual Reports of a quoted company in the oil and gas sector, worth N15 million, handed over to the courier company by the Registrar, in preparation for the 52nd Annual General Meeting (AGM) of the oil and gas firm, which held on August 3rd, 2021 in Lagos.
The ugly development in the Capital Market, prompted the raid of the courier company, located in Ikeja, Lagos, at the weekend, by the enforcement team of CLRD.
CLRD, an arm of NIPOST is responsible for the registration, regulation and monitoring of courier operations in Nigeria.
Led by Mr. Worimegbe Banks, assistant general manager in charge of Ethics, Complain and Strategy at CLRD, in company of Police officers from FCIID, Alagbon, Lagos, the enforcement team raided the premises of the courier company, arrested the manager and went away with courier documents, including a dispatch motorbike belonging to the firm.
The documents include: receipt booklets, bundles of 2020 Annual Reports booklets belonging to MRS Oil Nigeria Plc, cartons of Huawei USB, files, registration book, among others.
Mr. Gideon Shonde, general manager, CLRD, who gave details of the raid and why it was carried out, said the clampdown was a major breakthrough for NIPOST in the fight against illegal and unlicensed courier operations in Lagos State.
According to him, the courier firm had been under surveillance for illegal operation for six years after refusing to validate its operating license since 2013.
“The operating license of the courier company was eventually revoked in 2018 for default in payment of renewal fee to the tune of N1.9 million. While they were busy processing the Annual Reports of an oil and gas company worth N15 million, the enforcement team of CLRD, clamped down on them. Arrest of its staff was made and an evidence of illegal operation was established, and prosecution will commence in earnest, ”Shonde said.
He further said it was worrisome that the Registrar could leave out licensed courier operators, to patronise illegal courier operator, in a sensitive business that has to do with the printing and distribution of a company’s annual financial report to its shareholders, while serving them notice of meeting, despite the fact that CLRD sends the list of licensed courier operators to all Registrars on a monthly basis.
“Illegal courier operators are fund of cutting corners and not delivering on the job. A clear case could be seen around the bundles of the 2020 annual reports, which the courier firm ought to have delivered to shareholders of the company, at least two weeks before the AGM. What this means is that majority of the shareholders did not get the notice of meeting and the 2020 Annual Reports that supposed to have been delivered to them by the courier company before the date of the AGM, ”Shonde said.
He said money must have been paid and the job was not delivered, adding that such shady deal and others have been going in the Nigerian Capital Market, defrauding the federal government of huge sums of money.
News
SERAP Drags FG, Govs to ECOWAS Court over ‘Misuse of Cybercrimes Act’
Socio-Economic Rights and Accountability Project (SERAP), has filed a lawsuit against the Nigerian government the 36 states over the Cybercrimes (Amendment) Act 2024.
SERAP is arguing that “the repressive use of the Cybercrimes (Amendment) Act 2024 by the government to criminalize legitimate expression violate the human rights of Nigerians, including activists, journalists, bloggers and social media users”.
In a statement on Sunday, Kolawole Oluwadare, deputy director, SERAP, explained that the suit was filed to stop the Tinubu administration and Nigeria’s 36 governors from using the Cybercrimes (Amendment) Act 2024 to criminalize legitimate expression and punish Nigerians, including social media users.
He said: “Rather than using the amended legislation to make cyberspace and its users safer, Nigerian authorities are routinely weaponizing it to curb Nigerians’ human rights and media freedom.
“The suit no: ECW/CCJ/APP/03/2025 was filed last week before the ECOWAS Court in Abuja.”
Recall that Economic Community of West African States (ECOWAS) Court had on March 25, 2022, declared Section 24 of Nigeria’s original Cybercrimes Act 2015 as “arbitrary, vague, and repressive.”
The court ordered Nigeria to repeal the provision, citing non-compliance with human rights obligations under the African Charter on Human and Peoples’ Rights and the International Covenant on Civil and Political Rights.
Although the Cybercrimes (Amendment) Act 2024 repealed Section 24, the Socio-Economic Rights and Accountability Project (SERAP) argues that the reworded provisions still infringe upon freedom of expression and information.
SERAP’s concerns center around the ambiguity of “causing a breakdown of law and order” in Section 24(1)(b), which they believe threatens peaceful and legitimate expression and leaves room for abuse.
SERAP highlighted several instances where the law was allegedly misused to target government critics, including activist Dele Farotimi, journalist Agba Jalingo, and social media user Chioma Okoli.
The organization emphasized that the amended legislation has a chilling effect on human rights and media freedom.
SERAP stressed that the amended Act contravenes international human rights law, which requires restrictions on freedom of expression to serve a legitimate purpose and be strictly proportionate.
The organization seeks a declaration that Section 24 of the Cybercrimes (Amendment) Act 2024 is unlawful and an order directing the government to repeal or amend the legislation in compliance with international standards.
However, a hearing date has not been set for the suit.
News
GOCOP Applauds Edo Gov for Appointing Edomaruse, SA, Int’l Development
Guild of Corporate Online Publishers (GOCOP) has applauded Mr. Monday Okpebholo, Edo State governor, for the appointment of Mr. Collins Edomaruse as his Special Adviser, International Development Partners (IDP).
Ms Maureen Chigbo, president of GOCOP and publisher of RealNews Online, described Edomaruse’s appointment as a welcomed development.
Chigbo in a press statement by Ogbuefi Remmy Nweke, GOCOP Publicity Secretary, also congratulated Edomaruse for this appointment assuring of support from over 110 members of GOCOP in carrying out his duties.
Until his appointment, Edomaruse who is a founding member of GOCOP and the Secretary General of the body of reputed online publishers is also a member of the Nigerian Guild of Editors (NGE), among others.
Edomaruse doubles as the Publisher/Editor-in-Chief of METROWATCH, and has held several senior editorial management positions in THISDAY, including Group News Editor, Group Politics Editor, Deputy Editor, Daily, Saturday and Sunday titles respectively, as well as the Editor, Nation’s Capital/Abuja Bureau.
Also known as ‘General’ because of his mastery of the Defence Beat, his records in THISDAY have remained unbeaten, where he ranked the best among the editors.
News
NBS Website Still Down More than 3 Weeks after Cyber Attack
The website of the National Bureau of Statistics (NBS), www.nigerianstat.gov.ng, has remained offline for three weeks following a cyber attack that compromised its operations.
As at 12am today (Friday), attempts to access the site returned an error message, indicating the page is still inaccessible.
The breach was initially confirmed by the NBS on December 18, 2024, in an announcement made on social media platform X.
In the statement, the bureau urged the public to disregard any information published on its website until further notice, signaling ongoing efforts to recover from the attack.
The hacking incident occurred shortly after the NBS released its Crime Experience and Security Perception Survey on December 17, which revealed alarming statistics about crime in Nigeria.
The survey indicated that Nigerians paid a staggering N2.23 trillion in ransom over a year, from May 2023 to April 2024, and that 51.89 million crime incidents were reported across the country. The northwest region recorded the highest number of incidents, while the southeast had the least.
The day after the report’s publication, rumors surfaced that the Department of State Services (DSS) had summoned Adeniran Adeyemi, the Statistician-General of the Federation, for questioning regarding the survey. However, the NBS promptly denied these claims, clarifying that no such invitation or arrest had taken place.
Despite the confirmation of the hack, the NBS has not provided any additional updates on the restoration of its website or disclosed any developments regarding the breach.
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