Shrines, Spirits and a Fake Fortune: EFCC Moves to Prosecute Five Herbalists Over Alleged $3m Currency Scam

Five self-styled herbalists operating shrines in Lagos and Osun states are set to face trial after operatives of the Economic and Financial Crimes Commission (EFCC) uncovered what the agency described as a sophisticated fraud involving fake foreign currency valued at $3.4 million and €280,000. The arrests followed intelligence reports and surveillance linking the suspects to…

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Nigeria’s Tax Reform: Beyond the Fear, a Necessary Reset for a Fragile Fiscal System

Rising anxiety over Nigeria’s ongoing tax reform reflects a deeper crisis within the country’s fiscal architecture rather than a fair reading of the policy recalibration. Beneath the public fear lies a system plagued by weak revenue mobilisation, loopholes that enable wealthy individuals and corporations to evade taxes, and a long-standing structure that fuels poverty and…

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