By Adesina Soyooye
A Nigerian billionaire, Amadi Simon, has been arrested in Switzerland by Operatives of the National Drug Law Enforcement Agency, NDLEA, in conjunction with the United States Drug Enforcement Administration and Security Agencies.
Amadi was arrested on suspicion of his deep involvement in international drug money laundering operation.
His arrest was announced in a statement issued on Thursday by Femi Babafemi, NDLEA’s Spokesperson.
NDLEA: “The multi-country investigation into the drug money laundering operations culminated in the well-coordinated simultaneous arrest of a billionaire drug baron, Amadi Simon in Switzerland and his co-conspirators: 34-year-old Jecinta Amara Ikechi, in Anambra state, and 28-year-old Blessing Ngozi Amadi in Agbor, Delta state on Tuesday 28th April 2026.
“This followed months of intelligence and investigations across multiple jurisdictions linking Amadi to the laundering of hundreds of billions of Naira in proceeds of drug and financial crimes.”
According to the NDLEA, the syndicate allegedly operated a complex financial network which it used to move and conceal proceeds of drug trafficking. This it did through shell companies, cryptocurrency wallets and multiple bank accounts across different countries.
It said Investigators also, traced some luxury properties in Nigeria allegedly linked to Amadi and his associates.
Such properties include Jovi Hotel Asaba, Jovi Hotel and Suites in Agbor, Delta State, and Jovi Apartment Mabushi, Abuja.
The bank accounts and cryptocurrency addresses connected to the network have been frozen as investigations are ongoing.
Brigadier-General Mohamed Marwa, NDLEA Chairman said the operation was a breakthrough in the war against international drug trafficking and financial crimes.
Marwa said the agency would continue to work with global partners to ensure Nigeria does not become a safe haven for cartels.
He commended the support provided by the US-DEA and other international agencies, and noted that intelligence sharing and joint operations played a key role in dismantling the network.
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