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OPSH Troops Arrest Notorious Gunrunners, Recover Weapon in Plateau State

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OPSH GUNRUNNER

Troops of 3 Division and Operation SAFE HAVEN, in collaboration with an intelligence agency, have arrested two notorious gunrunners during a series of intelligence-led operations in Barkin Ladi Local Government Area (LGA) of Plateau State.

According to a statement issued by the Media Information Officer of Operation SAFE HAVEN, Major Samson Nantip Zhakom, the operation began with the arrest of a suspected gunrunner and kidnapper, Mr. Yahaya Adamu, on May 10, 2025, in Barakin Gangare, Barkin Ladi LGA.

A follow-up operation conducted in the early hours of May 11 at Marit Mazat in the same LGA led to the arrest of another suspect, Mr. Saeedu Haruna. Troops recovered one AK-47 rifle, an AK-47 magazine, and an itel mobile phone during the raid.

Preliminary investigations suggest that the suspects are members of a criminal syndicate responsible for various crimes in Gashish and Kurra Falls (Plateau State), as well as Gwantu and Fadan Karshe in Sanga LGA of Kaduna State.

The suspects are currently in custody and have reportedly begun making useful confessions. Security forces are continuing efforts to track down other members of the syndicate and recover additional weapons.

Operation SAFE HAVEN commended members of the public for their cooperation in exposing criminal hideouts and urged residents to continue providing credible information to aid the ongoing efforts to safeguard lives and property across the Joint Operations Area.

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Nigeria records $10.37bn capital importation in Q1 2026, up 83.83% — NBS

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Nigeria recorded $10.37 billion in capital importation in the first quarter of 2026, representing an 83.83 per cent increase compared to the $5.64 billion received in the corresponding period of 2025

The development was contained in a report released by the National Bureau of Statistics (NBS) on Wednesday.

The bureau’s latest Capital Importation Report also showed that foreign capital inflows increased by 60.97 per cent from the $6.44 billion recorded in the fourth quarter of 2025.

According to the report, the increase reflects stronger investor participation in Nigeria’s financial markets during the period under review.

Portfolio investment dominates inflows

The report showed that portfolio investment remained the largest component of capital importation, accounting for $9.86 billion or 95.09 per cent of the total inflows recorded during the quarter.

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Other investments amounted to $374.48 million, representing 3.61 per cent of total capital imported, while foreign direct investment (FDI) stood at $135.08 million, accounting for 1.30 per cent.

The NBS noted that portfolio investment significantly outperformed other categories of capital inflows during the period.

Within the portfolio investment category, money market instruments attracted the highest inflows at $6.50 billion.

Investments in bonds totalled $3.23 billion, while equity investments totalled $131.81 million.

The figures indicate that investors continued to favour fixed-income instruments over equity investments during the quarter.

Banking sector attracts largest share

Sectoral analysis showed that the banking sector received the highest volume of foreign capital, attracting $7.55 billion, which represents 72.79 per cent of total capital imported during the period.

The financing sector followed with inflows of $2.43 billion, or 23.42 per cent of the total.

The production and manufacturing sector received $152.27 million, accounting for 1.47 per cent of total inflows.

Other sectors that attracted foreign investments included agriculture, telecommunications, information technology services, oil and gas, healthcare, construction, education, consultancy services, transport, trading and shares.

The United Kingdom emerged as the leading source of capital inflows into Nigeria during the first quarter of 2026.

According to the report, investments originating from the UK amounted to $5.08 billion, representing 49.01 per cent of total capital importation.

The United States followed with $3.18 billion, accounting for 30.69 per cent, while South Africa contributed $983.83 million, representing 9.49 per cent of the total.

Among financial institutions, Standard Chartered Bank Nigeria Limited handled the largest share of capital importation during the quarter.

READ ALSO: Average price of petrol rises to ₦1,532.93 per litre in April, up 18.97% — NBS

The bank received $4.41 billion in inflows, representing 42.56 per cent of the total capital imported into the country.

Stanbic IBTC Bank Plc followed with $2.78 billion, or 26.79 per cent, while Rand Merchant Bank facilitated inflows of $930.82 million, accounting for 8.97 per cent.

Other banks that processed foreign capital inflows during the period included Access Bank, Citibank Nigeria, First Bank of Nigeria, Guaranty Trust Bank, Zenith Bank, FCMB, Ecobank, Fidelity Bank and United Bank for Africa.

The NBS stated that the capital importation statistics were compiled using information supplied by the Central Bank of Nigeria and reports submitted by commercial banks on fresh foreign capital brought into the country.

The bureau added that the figures do not capture other components of foreign direct investment, including reinvested earnings.


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Defense tech is flooded with money, but who’s built to last?

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Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract and real production deal.  

Watch as, on this episode of TechCrunch’s Equity podcast, Rebecca Bellan asks Fubini — the founder and managing partner of XYZ Venture Capital, built on the Palantir alumni network and now approaching $2B AUM — what separates the survivors from the rest. 

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. 

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