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    Home»Business»Gas Explosion Claims Two Lives in Lagos, Destroys Properties
    Business

    Gas Explosion Claims Two Lives in Lagos, Destroys Properties

    Prima NewsBy Prima NewsMarch 22, 2026No Comments3 Mins Read
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    By Adedapo Adesanya

    Nigeria and the United Kingdom have agreed to establish a joint anti-fraud fusion cell to combat cross-border financial crimes, marking a major step in deepening security cooperation during President Bola Tinubu’s state visit to London.

    The initiative, which brings together law enforcement agencies, banks, technology firms and communication companies from both countries, is aimed at strengthening intelligence sharing and disrupting criminal networks involved in romance fraud, investment scams and cryptocurrency-related offences.

    During the state visit, both countries signed three landmark agreements aimed at deepening cooperation on migration, border security and trade. The agreements – two Memoranda of Understanding and a Statement of Intent- reflect both nations’ commitment to building a transparent, safe and mutually beneficial migration system, while removing barriers to trade and investment between the two countries. They were signed by UK Home Secretary Ms Shabana Mahmood, UK Trade Envoy Ms Florence Eshalomi, and Nigeria’s Minister of Interior, Mr Olubunmi Tunji-Ojo.

    The establishment of the joint fraud enforcement cell is aimed at dismantling the international criminal networks that prey on victims in Nigeria and the UK alike. It will enable rapid intelligence sharing to disrupt romance fraud, investment scams and cryptocurrency schemes that damage individuals and economies on both sides.

    According to data provided by the UK government, existing collaboration has already resulted in more than 400 arrests and £7.5 million seized, with joint National Crime Agency and Nigerian Police operations uncovering significant fraud networks.

    Also, the business visa Statement of Intent removes trade barriers and creates new pathways for Nigerian and British businesses to access each other’s markets, a move Nigeria’s Interior Minister described as essential to building a trillion-dollar economy.

    Nigeria stands to benefit from deeper investment ties with the United Kingdom, one of the world’s leading financial centres, while for the United Kingdom, the agreements strengthen a migration partnership grounded in fairness and the rule of law.

    Nigeria will, for the first time, recognise UK Letters as valid identification, simplifying a shared administrative process and reflecting the trust both governments have built. Annual returns to Nigeria have nearly doubled to 1,150, part of a broader effort by both governments to maintain the integrity of their immigration systems.

    Speaking on the move, Ms Mahmood said, “Nigeria is a vital partner for the UK. These agreements reflect a shared commitment to managing migration fairly and firmly, while opening up trade and investment opportunities that will benefit both our economies.”

    UK Minister for Border Security and Asylum, Alex Norris, said, “Anyone who abuses our systems, breaks our laws, or tries to cheat their way into Britain will be stopped and removed. Today’s agreements are another step in our mission to restore order to the border by ensuring those with no right to be here are swiftly removed. Nigeria is a key partner in this work, as the UK’s largest African visa market and home to thousands of Nigerians who have built their lives here.”

    While Nigeria’s Minister of Interior, Mr Olubunmi Tunji-Ojo, added that, “This partnership is a testament to our shared determination to build a migration system that is safe, orderly, and mutually beneficial. Hopefully, this strengthened partnership will be a template for other bilateral understandings.”





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