NIGERIAN BILLIONAIRE DRUG BARON ARRESTED IN SWITZERLAND
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By; Ganiyat Sunmola
Operatives of the national drug law enforcement agency (ndlea), in collaboration with the united states drug enforcement administration (dea) and european security agencies, have arrested a suspected nigerian billionaire drug baron, amadi simon, in switzerland over alleged involvement in an international drug money laundering network.
The ndlea disclosed this in a statement issued on thursday by its spokesman, femi babafemi.
According to the statement, the arrest followed a multi-country investigation that also led to the simultaneous apprehension of the suspect’s alleged accomplices, 34-year-old jecinta amara ikechi in anambra state and 28-year-old blessing ngozi amadi in agbor, delta state, on tuesday, 28 april 2026.
The agency said months of intelligence gathering and cross-border investigations linked amadi to the laundering of hundreds of billions of naira believed to be proceeds from drug trafficking and other financial crimes.
It added that the syndicate allegedly ran a sophisticated financial structure used to disguise illicit funds through shell companies, cryptocurrency wallets, and multiple bank accounts across several countries.
Investigators also identified luxury properties in nigeria allegedly connected to the suspect and his network, including jovi hotel in asaba, jovi hotel and suites in agbor, and jovi apartment in mabushi, abuja.
The ndlea further stated that several bank accounts and cryptocurrency wallets linked to the operation have been frozen as part of ongoing investigations.
Chairman of the ndlea, brig. gen. mohammed buba marwa (retd.), described the operation as a significant breakthrough in the fight against international drug trafficking and financial crimes, adding that the agency remains committed to preventing nigeria from becoming a safe haven for drug cartels.
He also commended the cooperation of the dea and other international partners, noting that intelligence sharing and joint operations were crucial to dismantling the alleged network.
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