29 January, 2013

Police Nabs Five With N108m Worth Of Fake Currencies

Police Nabs Five With N108m Worth Of Fake Currencies

The Lagos State Police Command on Monday, paraded five men for printing local and foreign currencies.Two of the suspects, Femi Jacob and Ramon Adeoye, were arrested at Ogunlana Street, Alagbado with eight printing machines and a large quantity of printed fake notes in Naira, Dollars, Pounds, Euros and Cedis totalling N8m while Isaka Usman and Akeem Ayobado, were nabbed at Ikorodu with 14 printing machines, one cutting machine and N100m fake notes. The fifth suspect, Onyeka Ibe, was allegedly an Anambra-based buyer, who usually comes to Lagos to buy fake currencies.
The state Command’s Commissioner of Police, Mr. Umar Manko, said, “This syndicate has been in operation for over five years. Their customers are spread across several African countries like the Republic of Benin, Mali, Ghana, Togo, Liberia and Sierra Leone.
“The Officer-in-Charge of SARS, Superintendent of Police Abba Kyari, got a tip-off about the operations of the syndicate some weeks ago and mounted surveillance at Jacob’s Alagbado residence. It was Jacob’s confessional statement after his arrest that led to the arrest of Ayodabo who is the leader of the syndicate.“This case will eventually be handed over to operatives of Interpol because of the negative implications the fake currencies outflow might have had on the economies of the West African countries.”
The CP stated that the cutting machine was owned by Ayodabo and procured from the Republic of BeninOne of the suspects, Ibe said, “I often come down to Oluwole Street in Lagos Island. That is where Ayodabo has his shop. I would spend N5,000 to get currency worth N100,000. I usually buy currency worth between N500,000 and N700,000.”
During the parade of the suspects, who have been in business for five years with customers spread across the continent, the fake notes were also displayed.Adeoye, who said he was arrested at Iyana Ipaja, said, “I am just an errand boy, my duty was to deliver fake currencies to buyers. I was on my way to deliver fake notes worth N700,000 to one Ibrahim when I was arrested.”

28 January, 2013


Nigerian Troops Ill-equipped For War In Mali! - Politics - Nairaland

 Jan 21
There are speculations that due to lack of adequate training and discipline, the over 1,200 Nigeria troops would not be directly involved in combat operations to oust the militiamen from the northern region of Mali.

A United Kingdom (UK)-based newspaper, The Guardian,on its website yesterday alleged that men of the Nigerian Army deployed in Mali lacked the capacity to fight on the front line.

The paper quoted a senior source in Mali that the military contingent from Nigeria lacks the needed training and discipline to be relied upon to oust the Islamists from northern Mali prompting suggestions that the role of the men would be limited to security and logistics.

“The Nigerian Army is in a shocking state,” said the source, “in reality there is no way they are capable of forward operations in Mali – their role is more likely to be limited to manning checkpoints and loading trucks.

“The Nigerian forces lack training and kit, so they simply don’t have the capability to carry out even basic military manoeuvres. They have poor discipline and support. They are more likely to play a behind-the-scenes role in logistics and providing security.”

The source added that under plans for the enforcement of a United Nations (UN) Security Council-backed military intervention in Mali, Nigeria, alongside troops belonging to member states of the Economic Community of West Africa States (ECOWAS) are expected to lead forward operations.

The reality on ground as reported by the paper may have forced the governments of France, Germany, the United States of America (USA) and the European Union (EU) to consider the idea of further providing the Malian army with the necessary training, equipment and logistics support.