Category: News
The Economic and Financial Crimes Commission (EFCC) has provided details surrounding the incident that led to the de@th of Lagos resident, Endurance Udeke, during a sting operation at Periwinkle Estate, Lekki Phase 1, on Tuesday, November 4.
In a statement on Saturday, the Commission’s Head of Media and Publicity, Dele Oyewale, described the incident as “unfortunate” and attributed the tragedy to what he called the “suicidal action” of the deceased.
“The Commission feels obliged to clear the air on the circumstances leading to the passing of citizen Endurance Udeke, a resident of apartment W6a, Periwinkle Estate, Lekki Phase 1, Lagos,” Oyewale stated.
According to the EFCC, operatives were in the estate to arrest suspected internet fraudsters.
The operation reportedly proceeded without incident until Udeke and another resident attempted to evade arrest.
“The operation was smooth sailing in all the apartments and four suspected internet fraudsters were arrested,” the statement said.
“However, Udeke and one other resident of apartment W6a got wind of the operation and tried to escape arrest by jumping down from the four-storey building.”
Oyewale disclosed that Udeke did not survive the fall despite medical attempts to revive him.
“Udeke did not survive the suicidal efforts, in spite of medical interventions made to rescue him,” he said.
He added that the second resident survived after being stabilised and treated at the hospital.
The Commission said it had contacted Udeke’s family to explain what occurred and the steps taken to save his life.
“As a responsible law enforcement agency, the Commission contacted Udeke’s family with details of the circumstances leading to his de@th. Efforts and medical interventions made to ensure his survival before his eventual passing were appreciated by the family,” Oyewale noted.
He stressed that EFCC operatives had no physical contact with Udeke before he jumped.
“The Commission is shocked at the suicidal action of the deceased. There was no contact between officers of the Commission and the deceased before the unfortunate incident,” he said.
Oyewale said the EFCC had reported the incident to the Nigeria Police Force, which has since commenced investigations.
“The Commission reported the incident to the Police, which has begun an investigation into the incident,” he added.
He urged members of the public not to panic during EFCC raids, saying only those with criminal concerns have reason to be afraid.
“While we await the outcome of the investigation, it is important to remind the public that no one with nothing to hide has reason to be afraid of EFCC sting operation,”he stated.
The incident has sparked public debate, with many calling for impartial investigations to establish the full circumstances surrounding Udeke’s de@th.
Endurance Udeke, a resident of Periwinkle Estate in Lekki Phase 1, Lagos, has reportedly d!ed after an alleged failed attempt to escape arrest during a sting operation carried out by operatives of the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency said in a statement on Saturday that its operatives carried out the operation on November 4, targeting suspected internet fraudsters within the estate.
According to the EFCC, four suspects were arrested during the operation.
The agency said the late Udeke and another resident of an apartment, W6a, became aware of the operation and tried to escape by jumping from a four-storey building.
Udeke sustained severe injuries and later d!ed despite medical efforts to save him, the agency said, adding that the other resident survived after receiving treatment in hospital.
The EFCC said there was no direct contact between its officers and Udeke before the incident, noting that the incident has been reported to the police.
“Operatives of the Commission were in the Estate to carry out a sting operation on November 4, 2025. The operation was smooth sailing in all the apartments, and four suspected internet fraudsters were arrested,”the statement reads.
“However, Udeke and one other resident of apartment W6a got wind of the operation and tried to escape arrest by jumping down from the four-storey building.
“Udeke did not survive the suicidal efforts, in spite of medical interventions made to rescue him.
“The other resident, however, survived after being stabilised and treated at the hospital.
“The commission is shocked at the suicidal action of the deceased. There was no contact between officers of the Commission and the deceased before the unfortunate incident.
“The commission reported the incident to the police, which has begun an investigation into the incident.
“While we await the outcome of the investigation, it is important to remind the public that no one with nothing to hide has reason to be afraid of the EFCC sting operation.”
Anambra State Governor, Prof. Chukwuma Soludo, has swept all 19 local government areas announced so far by the Independent National Electoral Commission (INEC) in Saturday’s election.
Soludo scored very high margins in all the results announced, leaving his opponents trailing far behind him.
The local government areas announced include: Dunukofia, Njikoka, Ogbaru, Awka North, Awka South, Orumba North, Orumba South, Aguata and Ekwusigo.
Others are: Nnewi North, Nnewi South, Anaocha, Idemili North, Idemili South, Onitsha North, Onitsha South, Oyi, Ayamelum and Anambra East.
There are 21 local government areas in Anambra State, and there are only two local government areas left. The two are; Ihiala and Anambra West.
The commission and its officials have gone on a one hour break,hoping to return by 6am to complete the exercise.
With Soludo’s expected victory, he would be the third governor after Mr Peter Obi and Chief Willie Obiano who would have ruled the state from APGA, all for two consecutive terms.
The Nigerian stock market suffered a major decline over the past five trading days, with investors at the Nigerian Exchange Limited (NGX) losing a staggering ₦2.8 trillion between November 3 and 7, 2025.
Equity market capitalisation fell sharply to N94.9 trillion, while the All-Share Index, ASI, declined by 2.99 per cent, dropping to 149,524.81 points from the previous week’s 154,126.46 points.
The market traded bearish throughout the week under review.
On Monday alone, investors shed N245.88 billion. The negative trend continued on Tuesday with a further loss of N611.96 billion. By Wednesday, the market posted its worst decline of the week, with investors losing N1.31 trillion in a single trading session — the largest drop recorded during the period.
The sell-offs persisted as the market dipped again by N347.75 billion on Thursday and closed the week weaker with an additional loss of N318.78 billion on Friday, pushing the total weekly loss to N2.8 trillion.
Meanwhile, market activity also slowed.
Investors traded 3.575 billion shares valued at N107.011 billion in 146,429 deals, compared to the previous week’s 7.479 billion shares worth N145.429 billion exchanged in 159,487 deals.
The financial services industry dominated the trading volume chart with 2.946 billion shares worth N65.904 billion across 62,817 deals. Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc led trading by volume, accounting for 1.288 billion shares valued at N19.3 billion in 11,536 deals, representing 36.03 per cent and 18.08 per cent of the total market turnover in volume and value, respectively.
In price movement, 20 equities appreciated during the week—down from 29 in the previous week. Meanwhile, 75 equities declined, higher than the 70 recorded previously, while 51 remained unchanged.
NCR (Nigeria) Plc recorded the highest price gain at 20.94 per cent, followed by Eunisell Interlinked Plc with a 20.17 per cent increase and Union Dicon Salt Plc with a 9.93 per cent rise.
On the losers’ side, Sovereign Trust Insurance Plc led with a 28.21 per cent decline, followed by C & I Leasing Plc, which dipped by 20.16 per cent. Skyway Aviation Handling Company Plc also fell by 18.99 per cent over the course of the week.
The latest performance underscores continued investor concerns over market volatility, macroeconomic uncertainty and profit-taking activities across multiple sectors.
This comes after President Donald Trump designated Nigeria as a Country of Particular Concern over the alleged killing of Christians.
Trump thereafter threatened to take military action in Nigeria.
The development may have impacted investors’ confidence in Nigeria’s stock market in the week under review.
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has warned that President Bola Ahmed Tinubu is being misinformed about Nigeria’s security situation by his advisers.
Adeboye made the remark during the church’s November Holy Ghost Service, themed “The Eve of Glory.”
Referencing a recent statement issued by the Presidency, Pastor Adeboye expressed concern that the content did not reflect the reality experienced by many Nigerians.
According to him, the President, whom he described as his “in-law”, had been informed that security had significantly improved and that internally displaced persons (IDPs) had returned home.
The cleric strongly disagreed with that claim, suggesting that the advisers behind such narratives may be misleading the President.
He said, “I almost spoke out last month when I heard the speech from my in-law, the President. You can go and listen to it again, particularly the section that addressed security. When I heard him say that all is well now and that displaced people have returned to their villages, I almost said that the person who wrote that speech for my President, my in-law, does not like him.
“And if you were to ask, ‘What do you mean? Somebody wrote it, but it was the President who read it,’ my response would be, didn’t he review it before delivering it? Well, if you put it that way, then my conclusion is that there are several people around my beloved in-law who are not telling him the truth. I think the following day, we read in the newspaper about a traditional ruler who was killed, whether in Kwara or Kogi.
“But this is not the time for apportioning blame. Our President inherited this problem; it started before him. And in any case, I am an applied mathematician; I am interested in simply getting the problem solved.
“Let the government use diplomatic methods to convince President Trump to give us 100 days of grace. Call our service chiefs, fortunately, they are new, and tell them to perform within three months or resign.
“We have been praying for Nigeria; we can’t pray all these prayers without something happening.
“There is a law called Newton’s Law of Motion, which states that a body will remain at rest or in uniform motion in a straight line unless compelled by an external force to do otherwise. This means that whatever method God wants to use, at the end of it all, there will be peace in Nigeria again.”
Adeboye explained his reluctance to make public statements, attributing it to his position under the Christian Association of Nigeria (CAN).
He stated that as a clergyman operating under the Christian umbrella body, he exercises caution. To underscore the importance of this chain of authority, he referenced a biblical principle, noting, “I have discovered in the Bible that a man not under authority cannot cast out a demon.”
President Bola Tinubu has stated that Nigeria will not be intimidated, despite growing international concerns regarding alleged genocide against Christians in the nation.
The President made the remarks in a statement posted on his verified X account on Friday, days after United States President Donald Trump threatened potential military action over alleged attacks on Christians in Nigeria.
Tinubu stated that Nigeria would continue to assert itself on the global stage with “calm, clarity, and a strong sense of purpose”.
Speaking on Nigeria’s security crisis, the President maintained that terrorism remains a long-standing challenge but assured citizens that the government is determined to overcome it.
“We are indeed faced with terrorism — a challenge Nigeria has faced for almost two decades, and we will not back down. We will decisively defeat terrorism and claim victory in this battle.
“Security is non-negotiable, and we will never compromise on this principle. With unwavering courage and a steadfast commitment to the rule of law, we will prevail,” he said.
He emphasised that national security is non-negotiable and vowed that no effort will be spared in eliminating threats to peace.
The President urged Nigeria’s international partners to continue supporting the country, noting that collaboration is critical to sustaining progress already made.
This is coming in the wake of the threat by the US President Donald Trump that he had asked the Defence Department to prepare for possible military action in Nigeria if the Nigerian government “continues to allow the killing of Christians”.
Trump had earlier designated Nigeria as a Country of Particular Concern, CPC, in response to allegations of widespread persecution and genocide against Christians.
The National Drug Law Enforcement Agency (NDLEA) has successfully secured a cumulative 21-year prison sentence for five members of an international criminal syndicate recently apprehended at the Murtala Muhammed International Airport (MMIA), Lagos, over intercepted cocaine and opioid shipments destined for Australia and Gabon.
The convictions followed the seizure of 68.9 kilograms of cocaine and tramadol at the airport.
According to the NDLEA, the trio of Olasupo Michael Oladimeji, Muaezee Ademola Ogunbiyi, and Sola Adegoke—identified as leaders of one of the trafficking cartels—were arrested after 17.9kg of cocaine concealed in textile materials and local charms was intercepted at the MMIA export shed on August 26, 2025, en route to Sydney, Australia.
Further investigations led to the recovery of 20.5kg of Canadian Loud (a potent strain of cannabis) from Ogunbiyi’s residence in Lekki, while a black Range Rover SUV (RBC 459 EJ) was recovered from Adegoke’s home in Ikeja GRA.
The suspects were arraigned on October 30, 2025, before Justice Musa Kakaki of the Federal High Court, Lagos, on five counts under charge number FHC/L/925C/2025. They pleaded guilty to all charges.
Delivering judgment on October 31, Justice Kakaki sentenced each defendant to five years’ imprisonment without an option of fine, amounting to a combined jail term of 15 years.
The court also ordered the forfeiture of the Range Rover SUV and a Toyota Venza seized during the investigation to the Federal Government.
In a related case, two other cartel coordinators—Obunike Joseph Obichukwu and Uzorchukwu Godspower Chukwurah—were arrested over a shipment containing 2.60kg of cocaine and 27.90kg of tramadol concealed in motor spare parts destined for Gabon on July 19, 2025.
After investigations, both suspects were arraigned before Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, on November 4, on six counts under charge number FHC/L/980C/2025.
Upon their guilty pleas and a review of the case facts, the court sentenced both men to three years’ imprisonment each or an option of a N2 million fine.
Additionally, the N4 million Obunike allegedly offered as a bribe to NDLEA operatives was ordered forfeited to the Federal Government.