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90 Ships Seized By EFCC Rot Away In Lagos, Others
Some of the ships seized by the Economic and Financial Crimes Commission have begun to sink in waters across the country, while many of those temporarily and permanently forfeited by suspected corrupt persons are being damaged due to lack of maintenance, The PUNCH has reliably learnt.
Sources in the know of the development at the House of Representatives told our correspondent that the Nigerian Navy, which was mandated to oversee the seized, recovered or forfeited assets, had no budgetary provision to maintain them, leaving them damaged and submerged eventually.
According to the lawmakers, most of the vessels are in Lagos State and they are the worst hit by the abandonment.
The House of Representatives Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective, Efficient Management and Utilisation had recently embarked on oversight visits to the locations of such assets for an on-the-sight assessment.
Some members of the committee, who spoke to our correspondent on the condition of anonymity as the investigation was still ongoing, expressed their displeasure at what they found out during the tour.
A member said, “There are some of these assets that are still being managed by third parties. But a lot of them are just totally sealed up. Like business premises, they allow the people operating on the premises to continue, while they pay (rent) into the Recovery Account…they are paying rent to the EFCC. But for the ones that are not like that, they are sealed up and those ones are depreciating.
“Now, let me tell you the worst case and where you will feel bad about depreciation (of recovered/seized assets): houses depreciate but not as bad as the vessels in the waters. Most of the ships that were supposedly seized, a number of them sunk – three or four of them have submerged because nobody can take care of them.
“In fact, most of the ones in the Lagos waters have badly depreciated…they are like just holding the shell when the snail is dead. That is what has happened to most of the vessels. About 10 per cent have been submerged, while the other ones are just in a terrible state that they cannot attract much value again.”
When asked for the number of ships and vessels on the waters across the country, the lawmaker disclosed that over 30 were in Port Harcourt, about 10 in Warri, and about 10 in Bayelsa, adding, “They (Navy) have quite a lot and they are really in a bad shape.”
The source noted that while the “ones with the most value are in Port Harcourt,” they are all in the custody of the Nigerian Navy.
“Even though they were forfeited to the EFCC, the EFCC cannot protect them; it is the Navy that is protecting them,” he said.
The lawmaker noted that ships that were supposed to be powered regularly had been abandoned for close to seven years “and because of that, they have started to take in water.”
“I initially doubted the submerging story. We went to the water. I actually did not believe that they were submerged. But we actually saw ships inside the water,” the lawmaker added.
Another member of the committee was asked how the panel felt about recovered assets wasting away when the Federal Government was crying about revenue shortage and had embarked on a borrowing spree locally and internationally.
The lawmaker said, “The problem is that there is a wide gap between forfeiture and sale (auction). Most of the ships and vessels were forfeited over five years ago; the minimum is two years ago. And they are all still there. And these are assets that cannot be abandoned for long; they are depreciating assets.
“The waters in Nigeria have a lot of corrosion due to the high salt content (salinity). So, they are corroded from the base and as long as they get corroded, they will end up damaged.”
Responding to a question on plea bargaining being an alternative, the lawmaker said the government and its anti-graft agencies should have made the offer before approaching the courts to secure orders of interim and permanent forfeiture of the vessels.
The lawmaker added, “Part of the problem is that keeping custody of and maintaining them is gulping a lot of funds from the Navy and nobody is refunding the money being spent by the Navy. So, if we have like 100 vessels and six naval ratings working on each ship, it means that every day, the naval men will be patrolling the waters, so you have about 600 of them tied down to these assets
“Also, they are to be provided fuel and fed at that location. Yet, the EFCC does not refund the Navy for the expenditure on the assets. So, because of that, it is becoming a burden on the Navy and the level of maintenance is dropping gradually.
“And because the Navy was part of the process of seizing the assets, seeing what is now becoming of them, the Navy is not encouraged to carry out more seizures. When you seize something and you find out that it eventually becomes a burden on you, you may compromise and allow some (of the vessels) to go.”
The Chairman of the committee, Adejoro Adeogun, however, declined to comment on the revelations. When contacted to confirm the findings, he said, “You don’t expect me to speak on a probe that we have not concluded. All the details you need will be provided in our report to the House.”
The spokesman for the Attorney-General of the Federation, Umar Gwandu, could not be reached for comments on Sunday ditto for the spokesman for the EFCC, Wilson Uwujaren.
News
Foiled Coup: Indicted Officers Fully Aware Of Potential Death Penalty – Gen. Musa
Defence Minister Christopher Musa says that officers involved in a foiled coup plot were aware of the potential consequences, including the possibility of the death penalty.
Musa also reportedly assured that the government would support the families of the arrested officers and that the accused would receive a fair trial.
Musa said this when he appeared on TRT World, a Turkish broadcaster, stating that the accused persons would receive a fair trial, with access to legal counsel of their choice.
According to him, families of the alleged coup plotters would be looked after by the government.
“They must have made up their minds when they decided to do this and must have considered their families.
“But even at that, the government is ensuring that their families are treated fairly.
“Their family members are not left alone. The government is making sure that their wives and children are looked after.
“The perpetrators already know the repercussion of their action, and I’m sure they are ready to face the wrath,” he said.
JomogNews recalls that the 16 implicated officers, including a Brigadier-General and Colonel, were arrested in October 2025 by the defence headquarters, DHQ.
The DHQ, on January 26, finally confirmed that there was a plot to oust President Bola Tinubu.
According to the military, the plot uncovered in late September 2025 through joint intelligence from the army, Department of State Services, DSS, and Defence Intelligence Agency, DIA, allegedly involved plans to assassinate Tinubu, Vice-President Kashim Shettima, and other top government figures, as well as arrest senior military leaders.
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Ignore Fake February 2 Sit-at-Home Order, IPOB Lawyer Tells South-East Residents
A human rights lawyer and lead counsel for the Indigenous People of Biafra, Sir Ifeanyi Ejiofor, has urged South-East residents to completely ignore what he described as a “fraudulent” sit-at-home order allegedly scheduled for Monday, February 2, 2026, by a faction of the group.
Recall that the pro-Biafran group, through its spokesman Emma Powerful, had directed a sit-at-home on February 2 across the region in solidarity with traders at the Onitsha Main Market.
Powerful said the total shutdown in Biafraland is a direct, peaceful, and unified response to the actions of Anambra State Governor, Prof. Chukwuma Soludo, who ordered the closure of the Onitsha Main Market for one week.
But in a counter statement released on Saturday, Ejiofor said the source behind the directive, operating under the guise of “Emma Powerful,” has been compromised and is acting against the collective interest of Ndi-Igbo.
He insisted that IPOB has formally and decisively distanced itself from the false sit-at-home order and directed Ndi-Igbo to go about their lawful activities without fear.
The statement read in part: “Once again, the well-worn theatre of misinformation has opened its curtains, this time with a particularly lazy script and an insultingly predictable cast.
“Late yesterday, a report was widely circulated alleging that a total lockdown of Ala-Igbo had been ordered under the guise of a sit-at-home directive purportedly issued by ‘Emma Powerful,’ slated for Monday, February 2, 2026.
“Let it be stated clearly, unequivocally, and without ambiguity: this directive is fake, a phantom, a calculated falsehood.
“Upon careful inquiry and diligent verification, especially considering the delicate and hard-won calm presently returning to our homeland, it became glaringly obvious that the so-called ‘Emma Powerful’ platform has been fatally compromised.
“It has been hijacked by vested interests whose business model thrives on fear, disruption, extortion, and the cynical exploitation of vulnerable communities.
“The peaceful global movement of the IPOB has formally and decisively disowned this fabricated publication, categorically distancing itself from the false sit-at-home order and directing Ndi-Igbo to go about their lawful and normal activities without fear.
“Going forward, the message from IPOB is unmistakable: any publication attributed to ‘Emma Powerful’ should be treated with extreme suspicion, if not outright contempt.
“Frankly, one cannot but express astonishment, bordering on disbelief, that at such a critical juncture, when relative peace is cautiously resurfacing in Ala-Igbo, anyone would recklessly circulate information capable of reopening wounds and inviting criminal infiltration.
“History has taught us, at unbearable cost, what happens when fake directives fall into the hands of violent opportunists masquerading as enforcers.
“It is therefore no longer sufficient to merely advise our people to ‘ignore’ publications from this source. The time has come for greater clarity and firmness. The platform known as ‘Emma Powerful,’ in its current corrupted state, has positioned itself as an adversary to Ala-Igbo’s peace, progress, and collective well-being.”
According to Ejiofor, the peaceful global movement must go further by publicly and definitively explaining why this source has become unreliable, compromised, and hostile to the collective interest of Ndi-Igbo. Silence, ambiguity, or polite distancing, he said, only leaves room for further abuse.
“A masquerade that dances with fire should not be mistaken for a messenger of truth,” the statement concluded.
News
Joint Task Force Crushes Terrorist Cells In North East, Heavy Weaponry Seized
In recent operations across the North East, troops of the Joint Task Force Operation HADIN KAI (OPHK) have neutralized scores of terrorists and recovered a significant cache of arms and ammunition.
Lieutenant Colonel Sani Uba, Media Information Officer, Headquarters Joint Task Force (North East) in a statement said intelligence has confirmed the killing of JULAIBIB, a top ISWAP commander operating within the Gujba axis of the Timbuktu Triangle, during an encounter around Kimba, Damboa LGA of Borno State, on 30 January 2026.
According to the statement, the elimination of the terrorist leader has thrown ISWAP elements in the area into disarray, with several fighters reportedly neutralised during the operation.
In a related operation, troops of OPHK, working in collaboration with the Civilian Joint Task Force, neutralised 3 terrorists during a well-coordinated ambush between Ngazalgana and Lamusheri communities in Borno State.
It said the operation followed credible intelligence on insurgent movements in the area, as troops laid an ambush along the identified route and engaged the terrorists with effective firepower, resulting in the neutralisation of 3 insurgents, while others fled with gunshot injuries.
The statement said troops recovered two AK-47, adding that the operation forms part of sustained efforts to deny terrorists freedom of movement and degrade their operational capabilities across the Theatre.
It said troops also recorded multiple successes in Adamawa State, adding that on 29 January, 2026, troops responded swiftly to a distress call from Barama community, Mubi North LGA, foiling an armed robbery attempt. Two armed robbery suspects attempting to attack a student of the Federal Polytechnic, Mubi, were arrested. One suspect sustained a gunshot wound to the thigh while attempting to confront the troops and was evacuated to the Federal Medical Centre, Mubi, for treatment.
The suspects were subsequently handed over to the Nigeria Police for further investigation. Items recovered include 3 cutlasses, 2 laptops, 4 mobile phones, and one power bank.
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