• About Us
  • Contact Us
  • Privacy & Policy
Tuesday, January 13, 2026
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

NSA Sounds Alarm: Smuggling Endangers Naira’s Future

Vincent Amadi by Vincent Amadi
February 27, 2025
in Economy
Reading Time: 2 mins read
A A
0
NSA Sounds Alarm: Smuggling Endangers Naira’s Future
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


National Security Advisor (NSA), Mallam Nuhu Ribadu, has condemned the rising trend of smuggling petroleum products abroad, adding that if not addressed, instability in the foreign exchange market will continue.
Ribadu made the statement on Monday in Abuja at a meeting with officials of ‘Operation Whirlwind’, an initiative organized by the Nigerian Customs Service dedicated to combating the smuggling of petroleum products abroad.
He said, “We have been suffering due to smuggling, and if we want to address our economic problems, smuggling has to stop. It is difficult because it is like cancer and eats up everything. It destroys us and even our security forces because of the very few individuals making profit from it and half of them are not even Nigerians.


“I don’t think there is any country that suffers from smuggling like Nigeria and we have to address it now because with the trouble we are going through, we can’t stabilize Naira and if we can’t stabilize Naira, then we are in trouble.”
The NSA also announced that the agency would provide the necessary support to the Customs Service and other security agencies to address the current problem.
The National Coordinator of ‘Operation Whirlwind’, Comptroller Hussein Ejibunu, also explained that the plan was launched on May 28, 2024, and that military personnel had swung into action in collaboration with the NMDPR to help implement the mission.
He further said, “From May till date, the Customs has made about 27 seizures and detected smuggling networks in Badagry and Adamawa.


Other activities have also contributed to improving border security and have succeeded in curbing fuel smuggling. Our collaboration with NMDPRA is also very important and crucial. We have seized 500,000 litres of PMS so far using seven trucks across a total of 475 metres.
“The seizures were done in Kebbi, Sokoto, Lagos and Adamawa. We have opened other axis in Kwara, Niger, Katsina and Kano. Because of this work, most of our officers are on death threats including myself and they sent us messages to desist from fighting, but we won’t relate because we ought to fight and ensure survival of Nigeria,” he explained.

The Comptroller General of Customs, Bashir Adewale Adeniyi explained that the objective of the stakeholders was to nip smuggling in the bud.
“We won’t spare any effort in combating the menace and this explains why we launched Operations Whirlwind and we have made some progress.
“However, we need funding because we spend about N230 million monthly to sustain the operation and because it is not in our budget it is not sustainable and Customs may not be able to drive it alone. As such, we will need funding collaboration and we intend to sustain it till the end of the year,” he added.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Dangote Refinery drops Petrol Price For Marketers
Economy

Petrol marketers expect cheaper fuel price, waiting Dangote Refinery’s action

6 days ago
Nigerian Airlines Struggle with High Maintenance Costs Amid Currency Crisis
Economy

Naira gains against US dollar as Nigeria’s foreign reserves rise to $45.57bn

7 days ago
CBN to Nigerian banks: Introduce MFA for foreign card transactions on POS, ATMs
Economy

CBN to Nigerian banks: Introduce MFA for foreign card transactions on POS, ATMs

3 weeks ago
Dangote alleges economic sabotage by NMDPRA Chief, demands probe
Economy

Dangote alleges economic sabotage by NMDPRA Chief, demands probe

4 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Tinubu in UAE ahead of sustainability summit
International

Tinubu in UAE ahead of sustainability summit

18 hours ago
Ukraine’s drone strike hits Russian airbase targets
National

Army, terrorists exchange heavy gunfire in Kogi

18 hours ago
NARD suspends strike after meeting VP Shettima
National

NARD suspends strike after meeting VP Shettima

18 hours ago
Rivers Assembly alleges plot to stall Fubara’s impeachment
National

Rivers Assembly alleges plot to stall Fubara’s impeachment

18 hours ago
`You can’t embarrass me. Go and meet who awarded you contractsʼ — Wike rebukes Local contractors
National

Politics is my only career, allow me to face my career – Wike warn critics

1 day ago
Kwankwaso asserts refraining from making comments on political events
National

2027: Kwankwaso’s influence can’t affect Tinubu’s votes – NNPP

1 day ago

POLITICS

Rivers Assembly alleges plot to stall Fubara’s impeachment

Rivers Assembly alleges plot to stall Fubara’s impeachment

18 hours ago
`You can’t embarrass me. Go and meet who awarded you contractsʼ — Wike rebukes Local contractors

Politics is my only career, allow me to face my career – Wike warn critics

1 day ago
Kwankwaso asserts refraining from making comments on political events

2027: Kwankwaso’s influence can’t affect Tinubu’s votes – NNPP

1 day ago
Rivers PDP warns Fubara against defecting to APC

Impeachment saga: Fubara urges Rivers residents to stay calm

1 day ago
Wike Challenges ADC Leaders to Show Scorecard Ahead of 2027 Elections 

2027: ‘We’ll use our strength to punish people’ – Wike

1 day ago
Rivers: My issue is not with Fubara; He is my boy – Wike

Rivers: Wike overplaying his political cards – Modibo

3 days ago

YOUR ECONOMY

Dangote Refinery drops Petrol Price For Marketers
Economy

Petrol marketers expect cheaper fuel price, waiting Dangote Refinery’s action

6 days ago
Nigerian Airlines Struggle with High Maintenance Costs Amid Currency Crisis
Economy

Naira gains against US dollar as Nigeria’s foreign reserves rise to $45.57bn

7 days ago
CBN to Nigerian banks: Introduce MFA for foreign card transactions on POS, ATMs
Economy

CBN to Nigerian banks: Introduce MFA for foreign card transactions on POS, ATMs

3 weeks ago
Dangote alleges economic sabotage by NMDPRA Chief, demands probe
Economy

Dangote alleges economic sabotage by NMDPRA Chief, demands probe

4 weeks ago
Tinubu orders conversion of grazing reserves to ranches
Economy

Tinubu orders conversion of grazing reserves to ranches

1 month ago
Niger Delta youths disassociate from anti-Ojulari protest
Economy

NNPC E&P records 355,000bpd output, first since 1989

1 month ago

E & P

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final
Sports

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

by Steven Atogi
18 hours ago
0

Super Eagles captain Wilfred Ndidi and Ryan Alebiosu still have a chance of featuring for Nigeria at the ongoing 2025...

Nigerian attacker Boniface begins rehabilitation after successful knee injury

Nigerian attacker Boniface begins rehabilitation after successful knee injury

1 day ago
Benin’s Victory Sparks Tension As Nigeria Gears Up For AFCON Showdown

AFCON: Super Eagles’ qualifies for quarter-final after beating Mozambique 4-0

7 days ago
‘Huge mistake’ – Rio Ferdinand blasts Man United over Victor Osimhen

‘Huge mistake’ – Rio Ferdinand blasts Man United over Victor Osimhen

1 week ago
AFCON: Mozambique players offered huge bonuses to beat Nigeria

AFCON: Mozambique players offered huge bonuses to beat Nigeria

2 weeks ago
AFCON 2025: Four Super Eagles stars risk suspension in knockout game

AFCON 2025: Four Super Eagles stars risk suspension in knockout game

2 weeks ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
3 months ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
4 months ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
4 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
4 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
5 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Tinubu in UAE ahead of sustainability summit

Tinubu in UAE ahead of sustainability summit

January 12, 2026
AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

January 12, 2026
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address