Business
NDLEA Nab Two Elderly Men Over Drug Sales to Teen Students
An 84-year-old grandpa, Godfrey Orji and 75-year-old Godwin Obulunbiya Obiora are now cooling their heels in the custody of the National Drug Law Enforcement Agency (NDLEA) following their arrest for dealing in illicit substances, which they sell to teenage secondary school students in Umuahia, Abia state capital.
Pa Obiora was arrested by NDLEA operatives on Friday 19th June 2026 following credible intelligence that he was selling illicit substances to young students and others in his patent medicine store located at 4 Club road, Umuahia, where 4.64 kilograms of opioids including tramadol and diazepam were recovered from him during a search of his premises.
In his case, Pa Orji who is a pensioner and also into the illicit drug trade, was nabbed by security guards at Saint Silas Secondary School, Old Umuahia, for supplying illicit drugs to two teenage students (names withheld) in the school. The guards thereafter handed them over to the police who in turn transferred them to NDLEA on Thursday 18th June.
In his statement, one of the two teenagers, a 15-year-old SS2 student claimed the 84-year-old grandpa supplies him the drugs which he takes and also sells to fellow students. While the two grandpas are billed to have their day in court, the students have been placed on counselling and rehabilitation.
Meanwhile, NDLEA operatives have intercepted a consignment of ADB Chminaca, a synthetic cannabinoid classified as a dangerous new psychoactive substance (NPS), at a courier firm in Lagos. The shipment coming from China with a gross weight of 9.5 kilograms was concealed in a carton. This was followed by another seizure on Tuesday 16th June at a different logistics company in Lagos where 300grams of Loud, a strong strain of cannabis was found hidden in ladies’ handbags.
In another interdiction operation in Lagos, NDLEA officers on Friday 19th June raided the home of a wanted drug dealer Lukman Badmus (a.k.a. Lukman Ogombo) in Ogombo area of Ajah where nine bottles of codeine syrup and 30 grams of skunk were recovered.
A swift follow up operation at Lukman’s wife shop in Patey area of Lagos Island led to the recovery of additional two bottles of codeine and drug paraphernalia, while 42 compressed blocks of skunk weighing 22.5kg were also recovered from a mini bus parked in front of her shop. Attempt by the wife, Aisha Saraki, to flush some of the drug exhibits in the toilet during the raid was thwarted by operatives.
In Kogi state, NDLEA officers on patrol along Okene/Lokoja highway on Friday 19th June intercepted a suspect Tochukwu Onah, 33, coming from Lagos to Abuja with 1.030kg methamphetamine concealed in custard containers, while a couple: James Tony Chukwudi, 48, and James Kehinde, 35, wanted in connection with the seizure of 117 kilograms of skunk since 26th March, 2026 in Ekiti state were eventually arrested at Oniyo street Efon-Alaaye-Ekiti on Tuesday 16th June after months on the run.
In Oyo state, 75-year-old Tudun Olubiyi and two others: Nasiru Buhari, 22; and Buba Musa, 47, were arrested by NDLEA operatives when their house located in Dangote area, Elekara, Oyo town, was raided on Saturday 20th June with 118 jumbo bags containing 1,416kg skunk
covered with sawdust recovered.
A suspect Patrick Imoukhede, 45, was arrested on Wednesday 17th June when NDLEA officers raided the Khagba forest, Ikao, Owan East LGA, where they destroyed 1,744.075kg skunk and recovered already processed 169kg of same substance, while another raid at Ebora Camp, Ilushi in Esan South LGA led to the destruction of 2,424.945kg of cannabis, with a suspect Augustine Anyamone, 45, apprehended with 395kg skunk in a separate operation in the area.
With the same zeal, Commands and formations of the Agency across the country continued their War Against Drug Abuse, WADA, sensitization activities in schools, worship centres, work places and communities among others in the past week. These include: WADA enlightenment lecture for students and staff of Orun Community Grammar School, Orun Ekiti; Government Girls Secondary School, Charanchi, Bichi, Kano; Federal Technical College, Doma, Nasarawa; Tafida Community Secondary School, Zango, Katsina; and Government Technical College, Onitsha, Anambra, while the Rivers state command paid a WADA advocacy visit to the Paramount Ruler of Rumuogba kingdom, Rivers state, HRH Barr. Temple Ejekwu, among others.
While commending the officers and men of DOGI, Abia, Ekiti, Oyo, Lagos, Kogi, and Edo Commands of the Agency for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) noted their drug supply reduction efforts balanced with WADA sensitization activities while he charged them and their compatriots across the country not to rest on their laurels.
The post NDLEA Nab Two Elderly Men Over Drug Sales to Teen Students appeared first on Business Today NG.
Business
IMF warns against blanket petrol subsidies, suggests targeted support for poor, vulnerable people
The International Monetary Fund (IMF) on Wednesday warned against blanket subsidies, saying targeted support for vulnerable and poor people provides better results.
Rodrigo Valdés, Director of the IMF’s Fiscal Affairs Department, spoke during a press briefing on the fund’s fiscal monitor at the 2026 annual meetings of the IMF and World Bank in Bangkok, Thailand.
The fund said that, beyond being expensive, blanket petrol subsidies often benefit higher-income consumers disproportionately and could worsen fiscal pressures amid rising debt and borrowing costs.
“Protecting people is not the same as protecting the price of fuels,” Mr Valdés said.
“It’s first fiscally very costly, and second, if you look at the pattern of consumption, it’s easy to see that that subsidy is readily regressive in many places.”
Mr Valdes spoke in response to a question on how the IMF could recommend energy prices to reflect scarcity when higher fuel prices in Nigeria and some other countries have led to higher cost of living, increased transport costs, worsening inflation, and poverty.
The IMF official said fuel subsidies or measures preventing prices from adjusting fully to an energy shock had cost countries between 1 per cent and 1.5 per cent of gross domestic product (GDP) in 2026.
He called on governments across the world to instead use social safety nets and household data to identify people who need assistance.
“There are better tools to deal with this,” he said.
The fund’s intervention is in line with its long-standing position on subsidy, as recently canvassed in a recent report.
“Targeted and temporary transfers are the most effective and cost-efficient way to protect poorer households when prices for basics spike,” fund said in its report.
“This approach directly supports those who need it most, preserves scarce fiscal space, and allows high market prices to continue signalling scarcity, encouraging consumers to reduce consumption if they can.”
READ ALSO: Targeted support, not subsidies, can best protect people when inflation surges IMF
Local Debates
Debates over the propriety of fuel subsidy has been at the centre of discussions in Nigeria in recent weeks, ahead of a crucial election slated for January.
While the Nigerian government, led by President Bola Tinubu, has defended its economic policy of subsidy removal as critical to the nation’s fiscal survival, opposition politicians—such as Atiku Abubakar of the ADC and Peter Obi of the NDC—have canvassed for and promised a return to different subsidy arrangements if elected into power.
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