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Three Nigerien grandpas arrested over 52kgs cocaine, skunk seized in Lagos, Kwara, Plateau

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Three sexagenarian grandfathers and a Nigerien were among suspects arrested in connection with the seizure of over 52.252 kilogrammes of cocaine, methamphetamine, skunk and over 32,590 pills of opioids in Lagos, Kwara, Plateau, Sokoto states by operatives of the National Drug Law Enforcement Agency, (NDLEA) in the past week.

A suspect, Onyebi (surname withheld), who frequents Cameroun, Ethiopia and Uganda, who had been on NDLEA’s watchlist, was on Saturday, February 18, arrested at Iba, Ojo area of Lagos in connection with the seizure of a 19.70kgs cocaine abandoned on an Ethiopian Airline flight that arrived the Murtala Mohammed International Airport, Lagos on Thursday, February 9.

Onyebi had travelled to Addis Ababa, Ethiopia to pick the consignment, which he claimed was handed over to him in a black backpack bag on the plane in Addis Ababa, but failed to disembark with it on arrival in Lagos.

While the agency continued to investigate the flight crew members, relevant intelligence and investigative tools were deployed to identify the passenger who brought the consignment to Nigeria as a result of which Onyebi was eventually unravelled and traced to Victory Estate, Iba, where he was arrested.

In the same vein, operatives on Thursday February 23 intercepted an intending passenger, Obazee (surname withheld) on a Turkish Airline flight to Torino via Milan, Italy at the departure hall of the Lagos airport with various quantities of opioids.

The consignment, consisting a total of 22,840 tablets of Tramadol 225mg weighing 10.60kg, 1,000 tablets of Tramadol 200mg with a gross weight of 600 grammes, 2, 300 capsules of Tramadol 100mg, weighing 800 grammes and 60 tablets of Rohypnol 1mg, weighing 19 grammes, were concealed inside cloths and wrapped with black tapes.

The following day, Friday, February 24, NDLEA operatives attached to the NAHCO import shed of the airport intercepted eight cartons of shoes coming from Los Angeles, United States of America.

A diligent examination of the cargo, however, showed that the shoes were used to conceal a total of 37 parcels of Loud variant of Cannabis with a gross weight of 20.10 kilogrammes.

A 63-year-old grandfather, Abideen (surname withheld), hired as freight agent to clear the illicit consignment, has already been arrested.

Two other sexagenarians arrested in connection with drug trafficking include Butven (62), who was nabbed with 5.5kgs skunk on Friday, February 17 at Timbol village, Langtang South Local Government Area of Plateau State, as well as 65-year-old Musa (surname withheld), who was arrested with a kilogramme of cannabis on Thursday, February 23, at Adewole area of Ilorin, the Kwara State capital.

At two major courier companies in Lagos, a total of 4.292 kilograms of psychoactive drugs including Methamphetamine, Tramadol, Lexaton, and Swindon concealed in walls of cartons, picture frames, bathing soap packs and bedsheets were recovered from parcels going to United Kingdom, New Zealand and Australia by officers of the NDLEA Directorate of Operations and General Investigation, DOGI attached to the logistics firms.

In Sokoto State, NDLEA operatives at the Illela land border on Tuesday, February 21 intercepted a Nigerien, Bashar (surname withheld) with 1.460kgs of skunk wrapped round his private part, while in Kaduna, a suspect was arrested with 6,390 tablets of Tramadol 225mg, weighing 3.4kgs on Thursday, February 23rd on the Abuja-Kaduna expressway.

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New leaders, new fund: Sequoia has raised $7B to expand its AI bets

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Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn’t slowing down.

The Silicon Valley stalwart has raised roughly $7 billion for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the firm calls its “expansion strategy” — essentially its late-stage investing arm, focused on the U.S. and Europe — and it’s nearly double Sequoia’s last comparable fund, a $3.4 billion vehicle raised in 2022.

That growth in fund size reflects something bigger: late-stage investing has taken on an entirely new meaning in the AI era. Companies can now scale at a speed and cost that would have been unimaginable a decade ago, and the firms backing them have to keep pace.

The money signals where Sequoia sees the future: deeply embedded in AI, from the giants building the underlying technology to the startups putting it to work. The firm has backed two of the most prominent players in the AI race — OpenAI originally and, more recently, Anthropic — both of which are reportedly eyeing public listings in 2026. The development that could mean a significant payday for the firm.

Sequoia isn’t only swinging for the foundational AI heavyweights, however. It has also placed bets on other buzzy startups, including Physical Intelligence, the Bay Area robotics startup, and Factory, which builds AI agents for enterprise engineering teams.

The fundraise is also the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.

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Factory hits $1.5B valuation to build AI coding for enterprises

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More than three years after the emergence of generative AI, AI-assisted coding remains by far the most popular and lucrative use case for the technology.

Although multiple companies — including Anthropic, maker of Claude Code, as well as Cursor and Cognition — are already vying for dominance, investors believe there is room for at least one more player.

On Wednesday, Factory, a startup developing AI agents for enterprise engineering teams, announced it had raised $150 million at a $1.5 billion valuation. The round was led by Khosla Ventures, with participation from Sequoia Capital, Insight Partners, and Blackstone. Keith Rabois, a managing director at Khosla Ventures, joined the startup’s board.

Factory founder Matan Grinberg told the Wall Street Journal that the company’s key differentiator is its ability to switch between different foundation models, such as Anthropic’s Claude or Chinese AI startup DeepSeek. However, startups like Cursor also don’t rely on a single model to generate code.

Factory’s customers include engineering teams at Morgan Stanley, Ernst & Young, and Palo Alto Networks.

The startup was founded in 2023 after Grinberg, then a PhD student at UC Berkeley, cold-emailed Sequoia partner Shaun Maguire. The two bonded over mutual academic interest. (Maguire’s PhD from Caltech is in the same area of physics Grinberg was studying.)

Maguire convinced Grinberg to drop out and launch Factory, with Sequoia backing the startup at the seed stage.

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