FRIDAY 5TH DECEMBER 2025

Tinubu, Boris Johnson, Ki-Moon, Others Rally to Unlock Imo’s Economic Potential

Uzodimma says state is hub for investment Edun reveals Nigeria targeting 7% GDP

Tinubu Swears in Musa, Defence Minister in Renewed Purpose for National Security

Gets marching order to secure nation Ribadu: We’ll deal decisively with anyone spreading terror, undermining national unity Military explains Kebbi school kidnap, says remaining abducted students will be rescued unharmed

Chiemelie Ezeobi

MuSA TAkES oATh AMID

New Defence Minister, General Christopher Musa being administered the oath of office by President Bola Ahmed Tinubu at the Presidential Villa … yesterday

Mallam Nuhu Ribadu — National Security Adviser (NSA)

kayode Adeolu Egbetokun — Inspector General of Police (IGP)

General Christopher Gwabin Musa — Minister of Defence

Adeola oluwatosin Ajayi — Director-General, Dept of State Services (DSS)

Amb. Mohammed Dauda — DG National Intelligence Agency (NIA)

$100 MILLION NCIF EQUITY INVESTMENT FUND MOU SIGNING...

L–R: MD/CEO, Bank of Industry, Dr. Olasupo Olusi; and Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, during the $100 Million NCIF Equity Investment Fund MOU signing between BOI and NCDMB in Bayelsa on Wednesday

Forex Market Stability, Falling Inflation Anchor

Nigeria’s Economic Recovery, CBN tells Senate

Says reserves hit seven-year high at $46.7bn, backlog cleared, naira strengthens as investors return Senate demands explanation on N1.44trn surplus query Hails falling inflation, forex stability

Sunday Aborisade in Abuja

Central Bank of Nigeria (CBN) yesterday told Senate that Nigeria’s economic recovery had entered its most stable and promising phase in more than a decade, driven by renewed investor confidence, a historic rebound in foreign reserves, sustained disinflation, and a near-complete convergence of the foreign-exchange market.

Speaking before Senate Committee on Banking, Insurance and Other Financial Institutions, in Abuja, CBN Governor Olayemi Cardoso declared that bold monetary and foreignexchange reforms undertaken since mid-2025 had anchored a macroeconomic turnaround that was now gaining international recognition.

The engagement opened with a firm demand for transparency by the committee chairman,

Senator Tokunbo Abiru, who set the tone for the session by insisting on full explanation of the Auditor-General’s query alleging the non-remittance of N1.44 trillion of CBN’s operating surplus for 2022.

While commending the apex bank for achieving what he described as the most significant stabilisation of the FX market in recent years, and overseeing a dramatic decline in inflation, Abiru stressed that public confidence in monetary governance required absolute clarity on the controversial surplus figures.

He said the senate expected a “clear, comprehensive and unambiguous explanation” that addressed the facts, remedial steps taken, and safeguards against future infractions.

Responding, Cardoso deliv- ered an extensive review of the economy’s performance,

asserting that Nigeria is experiencing renewed macroeconomic stability across all critical indicators.

He reported that headline inflation had now fallen for seven straight months, dropping from 34.6 per cent

in November 2024 to 16.05 per cent in October 2025, representing the steepest and most sustained disinflation in more than a decade.

Food inflation, he added, eased to 13.12 per cent, driven by improved domestic supply

conditions and a more predict- able FX environment.

Cardoso described the foreign-exchange landscape as “fundamentally transformed,” with speculative attacks and arbitrage opportunities significantly curtailed.

He said the gap between the official and parallel markets was now below two per cent, compared with over 60 per cent a year earlier, marking the tightest convergence in a decade.

Lagos Leads in PEBEC 2025 Competitiveness Report

Lagos State has emerged Nigeria’s most competitive business environment in the newly released 2025 Subna- tional Ease of Doing Business (EoDB) Report published by Presidential Enabling Business Environment Council (PEBEC).

The state topped the national ranking with an impressive 85.6 per cent,

EITI Gets New Global Chair, Stakeholders Laud Appointment

Emmanuel Addeh in Abuja

The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday welcomed the nomination of Ms Maria van der Hoeven as the incoming Chair of the Extractive Industries Transparency Initiative (EITI) for 2026-2029.

In a statement in Abuja, NEITI’s Executive Secretary, Musa Adar, lauded Van

Der Hoeven’s extensive experience in governance and the international energy sector which he described as critical sectors that are shaping the EITI agenda and reforms among implementing countries.

“Ms. van der Hoeven will assume this critical role at a pivotal moment, with the global energy transition reshaping the extractive industries, underscoring

the need for robust multistakeholder dialogue and consultations,” he said.

leading Kaduna, Oyo, the Federal Capital Territory (FCT), and Ogun, which completed the top five.

According to the report, states were assessed across 16 indicators and 36 sub-metrics, covering critical areas, such as electricity reliability, digital connectivity, land administra- tion, taxation processes, trade logistics, justice delivery, skilled-labour availability, and investor support systems.

Enugu, Plateau, Ekiti, Kano, and Nasarawa also placed within the top 10, reflecting what PEBEC described as “a

growing but uneven momen- tum of reforms across Nigeria’s subnational governments”.

PEBEC stated that the leading states stood out for improving digital processes, streamlining business-facing procedures, and sustaining predictable service levels.

Speaking during the release, PEBEC Director-General, Princess Zahrah Mustapha Audu, said this year’s edition underscored the undeniable link between reform commitment and competitiveness.

Audu said, “This year’s results clearly show that when

states prioritise transparency, technology, and predictable service delivery, competitiveness“Theimproves. data is a tool for reform, not just a record of performance.”

She encouraged states to adopt the report’s five recom- mended intervention areas, including establishing investor aftercare systems, strengthen- ing MSME credit enablement, harmonising interstate trade rules, upgrading commercial justice processes, and improv- ing power reliability for industrial clusters.

Stakeholders Push for Stronger Monitoring System for Climate Pollutants

pollutants (SLCPs) across key sectors.

Adar stated that her track record of international leadership and deep commitment to transparency will be invaluable assets to the EITI community, a statement by the Direc- tor, Communication & Stakeholders Management, NEITI, Obiageli Onuorah said. Continues online

The National Council on Climate Change (NCCC), in collaboration with Stakeholder Democracy Network (SDN) and the Climate and Clean Air Coalition (CCAC) yesterday met to advance the operationalisation of Monitoring, Reporting and Verification (MRV) systems for short-lived climate

Delivering her opening remarks at the event in Abuja, SDN Country Director, Florence Ibok-Abasi, said strengthening Nigeria’s MRV systems was essential to reducing emissions of short-lived climate pollutants such as methane.

Ibok-Abasi noted that SDN, which has worked in the Niger Delta for more than 20 years, continues to support all levels of government through techni- cal assistance. She added that multi-stakeholder collaboration remains central to the organisation’s approach.

Michael Olugbode in Abuja

IMO ECONOMIC SUMMIT...

Tinubu: Nigeria Remains Committed to Promoting Peace, Harmony, Prosperity Across Borders

Receives letters of credence from 17 ambassadors, 4 high commissioners

Deji Elumoye in Abuja

President Bola Tinubu has assured the global community that Nigeria is fully committed to promoting peace, harmony, and prosperity across borders by strengthening partnerships to resolve emerging challenges.

Tinubu gave the assurance

on Thursday after receiving Letters of Credence from 17 ambassadors and four high commissioners at Council Chamber, State House, Abuja. Tinubu urged the diplomats to engage meaningfully with the Ministry of Foreign Affairs on all areas of shared interest and mutual benefits, stating that he

maintains an open-door policy.

He said, “On behalf of the government and people of Nigeria, I warmly welcome you to the State House, and I congratulate you on your appointments as the official representatives of your respective countries.

“Nigeria values the longstand-

ing friendship and strategic partnership across all regions of the world. Your accreditation today reaffirms the depth of our bilateral ties and our shared commitment to expand cooperation and partnership in areas of mutual interest.”

The president said the government was focused on

Local Content: TotalEnergies Seeks Net Value Retention in Nigeria’s Oil Sector

Olusegun Samuel in Yenagoa

Executive Director with TotalEnergies, Nigeria, Mr. Obi Imemba, has urged Nigeria to move away from announcing percentages, to ensuring maximum net value retention in the implementation of the local content law in the country’s oil and gas industry.

Imemba made the call during a panel discussion at the 2025 Practical Nigerian Content (PNC) organised by the Nigerian Content Develop- ment and Monitoring Board (NCDMB) in Yenagoa, with the theme, “Securing Investments, Strengthening Local Content

and Scaling Production.”

Speaking against the back- drop of NCDMB’s announce- ment of the achievement of 61 per cent local content, Imemba said TotalEnergies had moved on to where it could advance for net value retention for the country, insisting that this is where Nigeria ought to be.

NCDMB Executive Secretary, Felix Ogbe, had announced the achievement of 61 per cent local content as the board pursued the attainment of 70 per cent byBut2027.Imemba said discussions on local content should centre around where the country

ought to be, explaining that the country is still at a “prescriptive” level.

He said, “For me, in this area, what I can advance or what my company can advance is net value retention for the country. So you need to find a balance where we will… move from where we say it has to be 70 per cent or 90 per cent or 100 per cent to start talking about value.

“Which one, what are we going to do to give us the maximum net value retention for Nigeria? And that is the balance? That’s where we need to go. I think we are not there

IPPG Announces Leadership Transition, Isa Hands Over to

Emmanuel Addeh in Abuja

The Independent Petroleum Producers Group (IPPG) has announced a major leadership transition, with Mr. Abdulrazaq Isa, Chairman of Waltersmith Group, formally handing over the reins of chairmanship to Mr. Adegbite Falade, Chief Executive Officer of

Aradel Plc.

The symbolic ceremony, which was attended by members of the IPPG Board of Trustees and Governance Council, underscored the Group’s commitment to continuity, stability, and progressive leadership. Falade’s tenure officially commenced on 1 November 2025, marking the beginning

Falade

of a new chapter for IPPG. He succeeds Isa, who led the organisation from July 2021, a period characterised by strategic advancements and strengthened industry influence.

In his valedictory remarks, Isa expressed profound grati- tude to IPPG members for their unwavering support throughout his stewardship.

yet. Today, we’re still at that prescriptive level.”

On the achievements of TotalEnergies in the last decade, Imemba said the company had made two major investments, including the 200,000 barrels per day Egina FPSO. He also mentioned TotalEnergies invest- ments in Ladol Yard in Lagos, Aveon Yard in Port Harcourt, FMC Yard in Omni, and the Ikike Project as some of its significant achievements.

strengthening democratic institutions, driving economic reforms, and creating an enabling environment for investment, innovation, and sustainable development.

“We, therefore, encourage deeper engagements with Nigeria in trade, energy, agriculture, education, technology, defence cooperation and cultural exchange.

“The global community faces evolving challenges: security threats, climate pressures, economic instability and humanitarian issues. Nigeria is ready to work closely with your governments to promote peace, stability and prosperity.

“As you begin your duty as partners, I assure you of the fullest cooperation of the government of Nigeria. My doors are open and remain open for constructive engagements, and I trust your tenure in Nigeria will be productive.’’

Ambassador of Japan, Suzuki Hideo, who spoke on behalf of the other diplomats, said

the presentation of Letters of Credence in Nigeria was both historic and remarkable, considering the country’s unique position in ECOWAS and Africa. Hideo said, “We are honoured and filled with an overwhelming sense of gratitude to have presented our Letters of Credence today. It is a historic moment for us all as we embark on a new chapter in deepening relations among our various countries and with Nigeria.

“Mr President, I also want to express our profound admiration for your vision- ary leadership and steadfast commitment to economic transformation: Your bold reforms, being implemented to strengthen Nigeria’s fiscal framework, attract investment and promote inclusiveness, are highly“Withrecognised. keen interest, we also commend your recent effort to strengthen national security guided by the intensified counter-terrorism strategies.’’

FG Begins Payment to 42,000 TVET Trainees

Kuni Tyessi in Abuja

The federal government has commenced the disbursement for the first tranche of direct financial payments to 42,000 students and independent vocational centers, under its Technical and Vocational Education and Training (TVET) programme.

A statement by the Director, Press and Public Relations of the Federal Ministry of Education, Boriowo Folasade, on Thursday, said over 42,000 young Nigerians have received their monthly

stipend of N22,5000, covering their monthly upkeep and transportation.

It also stated that over 600 independent technical and vocational training centres have received payments for instructional and skills training being provided to the students to ensure quality and continuity of the training programme.

“This first tranche of payments marks the beginning of a sustained effort, with many more tranches expected to follow, confirming the programme’s long-term financial commitment and

sustainability.

“The rapid commencement of payments under the TVET Initiative is a clear execution of the president’s directive to invest aggressively in our young people.

“President Bola Tinubu believes that equipping our youth with in-demand, practical skills is the fastest way to drive job creation, entrepreneurship, and national economic growth. This is the very essence of the Renewed Hope Agenda turning potential into productivity,” the statement said.

L–R: Former United Nations Secretary-General, Ban Ki-Moon; Wife of Governor Hope Uzodimma of Imo State, Chioma Uzodimma; Governor Hope Uzodimma; Vice President, Kashim Shettima; President of Liberia, Joseph Boakai; and others during the Imo Economic Summit held in Owerri, yesterday

INDUCTION CEREMONY OF NEWLY QUALIFIED AUTHORISED DEALING CLERKS...

L–R: Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Mr. Sehinde Adenagbe; Former CIS President, Mr. Oladipo Aina; CEO, NGX Regulation (NGX RegCo), Mr. Olufemi Shobanjo; Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; CEO, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Acting Group Company Secretary, NGX Group, Mr. Izuchukwu Akpa; President, CIS, Mr. Oluropo Dada (FCS); and Head, Trading & Products, NGX, Mr. Abimbola Babalola, during the Induction Ceremony of Newly Qualified Authorised Dealing Clerks of NGX in Lagos, yesterday

FG Defends New Tax Laws, Says Reforms Will End Multiple Levies, Attract Investors

Simplified Development Levy, FTZ incentives preserved, and global minimum tax adopted

Folalumi Alaran in Abuja

The federal government has defended the newly enacted tax laws, saying the reforms are not new burdens but measures to simplify Nigeria’s tax system, eliminate multiple levies, and boost investor confidence.

Nigeria Tax Act (NTA) and Nigeria Tax Administration Act (NTAA) sparked nationwide discussions, with some citizens questioning their effect on busi- nesses. Tax authorities, however, insisted that the reforms had been widely misunderstood. They said the laws were aimed at modernising tax administra- tion, enhancing transparency, and strengthening revenue generation without stifling growth.Technical Assistant on Broadcast Media to the Executive Chairman of the Federal Inland Revenue Service (FIRS), Arabinrin Atoyebi, explained that the four per cent Development Levy was not an additional charge. Atoyebi said the levy

consolidated several existing levies, including Tertiary Education Tax, NITDA Levy, NASENI Levy, and Police Trust Fund Levy, into a single, transparent payment.According to her, the con- solidation will ease compliance, reduce duplication, and provide predictability for businesses that have struggled with multiple agency collections.

She added that small and non-resident companies were exempt, as the law protected vulnerable enterprises while promoting fairness.

Atoyebi further clarified that claims suggesting the removal of Free Trade Zone (FTZ) incentives were false. She said all existing benefits remained intact, but new guidelines will ensure companies in the zones focussed on export-driven production rather than domestic trading.

She explained that FTZ firms could sell up to 25 per cent of their output locally without losing exemptions, and a three-year transition

period had been provided for investors to adjust. The reforms, she added, aligned Nigeria’s FTZ operations with global standards in countries such as the UAE and Malaysia.

The government also intro- duced a 15 per cent Minimum

Effective Tax Rate (ETR) for large multinationals in line with the OECD/G20 global tax agreement, which had been endorsed by more than 140 countries.

Atoyebi said the move ensured Nigeria retained

revenue that could otherwise be collected abroad under international “top-up” tax rules, while also applying the same standard to large domestic corporations to maintain fair competition.

She added that the new

chargeable gains framework allowed investors to sell shares and reinvest in other Nigerian companies within the same year without paying tax on the gains — a move expected to boost venture capital, private equity, and start-up growth.

Senate: Fintech Oversight Gap Exposes Nigeria to System Risks

As BOFIA amendment scales Second Reading

Sunday Aborisade in Abuja

Senate on Thursday raised fresh concerns over growing vulnerabilities within Nigeria’s rapidly expanding digital financial ecosystem, warning that without urgent legislative intervention, some large fintech and technology- enabled financial service providers can evolve into systemic risks capable of

British Council, King’s Trust, ENDIP Empower Young People to Improve Business Ideas in Imo

The British Council has sponsored and empowered young people to develop and expand their business ideas into profitable ventures through the Youth Sustainable Enterprise Challenge Programme (YSECP) in Imo State.

The programme is under the technical partnership of King’s Trust International and Entrepreneurial Development Initiative (ENDIP) as the implementing partner.

Presenting the certificates

and grants to the lucky win- ners, the Programme Manager, Non-Formal Education, British Council, Yahaya Joseph Janga, maintained the Youth Sustainable Enterprise Challenge programme falls under the youth connect programme of the British Council which defines their capacity building outside the formal schools and tertiary educational sector.

According to him, our target is young people between the ages 18 to 35, and what we are doing today is to give these young people the skills and

knowledge and confidence they need to succeed either as entrepreneurs or be employ- able.

We implement this project across eight locations in Nigeria: Imo, Rivers, Jigawa, Kano, Lagos, Ogun, and Enugu States.

He stated the programme is solely funded by the British Council, but with technical and implementing partners - King’s Trust, and ENDIP, stressing the British Council is partnering with ENDIP to implement the programme in Imo State.

destabilising the national economy. This followed the lead debate on a critical amendment to the Banks and Other Financial Institutions Act (BOFIA) 2020, sponsored by Senator Adetokunbo Abiru and co-sponsored by all members of Senate Committee on Banking, Insurance and Other Financial Institutions.

The bill seeks to empower Central Bank of Nigeria (CBN) to formally designate, register and impose enhanced supervision on Systemically Important Institutions (SIIs),

including non-bank fintech firms whose operations have become central to Nigeria’s financial stability.

Leading the debate, Abiru said Nigeria’s financial system had undergone a dramatic transformation in the last decade, with mobile money operators, digital lenders, switching and settlement companies, wallet providers and payment service banks now serving tens of millions ofTheseNigerians.entities, he stated, processed huge transac- tion volumes daily and

controlled vast stores of sensitive behavioural and financial data, yet the laws governing them no longer reflected their influence or interconnectedness. He warned that while the BOFIA Act granted CBN power to identify systemically important banks, it did not anticipate the reality that a non-bank fintech platform, because of its market dominance, data concentration or technological capacity, could pose risks equal to or greater than those of traditional financial institutions.

LCCI Elects Kupoluyi as 44th President, Chairman of Council

Dike Onwuamaeze

The Lagos Chamber of Commerce and Industry (LCCI), has elected Mr. Leye Kupoluyi, as its president and chairman of council.

Kupiluyi emerged LCCI’s president and council chairman following the completion of Mr. Gabriel Idahosa’s tenure.

The Director General of LCCI,

Dr. Chinyere Almona, who made the announcement, said that “Engineer Leye Kupoluyi was elected president after a duly conducted election at the chamber’s 137th Annual General Meeting, held on Thursday, December 4, 2025, at Commerce House.”

Almona said that “Kupoluyi is an accomplished professional with an exceptional record of leadership, dedication, and

service across engineering services, trade promotion, and industry development.”

She added: “We are delighted to welcome Kupoluyi as presi- dent of the LCCI.

“As a council member and key officer of the chamber, he has consistently contributed his expertise and provided valuable insights during strategic deliberations.

Amby Uneze in Owerri

Fitch: Rebound in Domestic Demand Will Drive Nigerian Economy in 2026

Says inflation to moderate to 14.2%, GDP to rise to 4.3% Flags fiscal weakness as limit to extensive infrastructure drive Projects Nigeria’s oil output to rise moderately to 1.73m bpd next year Sees CBN policy rate at 24% by year-end

Emmanuel Addeh in Abuja BMI, a Fitch Solutions Company, has projected that the Nigerian economy will be largely accelerated by growing domestic demand, while the country’s real Gross Domestic Product (GDP) growth will rise from 4.1 per cent in 2025 to 4.3 per cent in 2026, the fastest pace in four years.

In its new Country Risk report on Nigeria, it highlighted that these will be driven by stronger household spending and fixed investment, marked by easing inflation and falling interest rates.

Besides, the report stated that oil production will rise slightly

to 1.73 million barrels per day in 2026, boosting exports, but said surging imports - as a result of stronger domestic demand - will erode net exports’ overall contribution to growth.

According to the report, risks to Nigeria’s growth outlook are predominantly skewed to the downside, given possible disruptions at the Dangote refinery, deteriorating security conditions and a possible further strain in relations with Washington.

“We forecast Nigeria’s real GDP growth to edge up from 4.1 per cent in 2025 to 4.3 per cent in 2026, marking the fastest pace in four years. The latest data from Nigeria’s National

Bureau of Statistics (NBS) show that the economy expanded by 4.2 per cent y-o-y in Q3 (market terms), up slightly from 4.1 per cent in Q2.

“The improvement was mainly driven by stronger growth in agricultural output, which accelerated from 2.8 per cent in Q2 to 3.8 per cent in Q3, supported by favourable weather conditions and govern- ment efforts to support fertiliser distribution and usage.

“The services sector also gained momentum, with growth rising from 3.9 per cent in Q2 to 4.2 per cent in Q3, underpinned by activity in retail trade and financial services,”Fitch said in the report.

By contrast, it stated that the growth in the industrial sector slowed sharply, moderating from 7.4 per cent in Q2 to 3.8 per cent in Q3, as crude oil output gains softened.

“Stronger economic growth in 2026 will be supported by a more robust rebound in household demand. The macroeconomic reforms introduced by President Bola Tinubu’s administration in 2023–2024 - most notably the liberalisation of Nigeria’s foreign exchange market and the removal of the fuel subsidy - triggered a surge in inflation and a sharp contraction in consumer spending during those years.

“While we think a cautious recovery began in 2025, a more pronounced improvement will take place in 2026 as inflation moderates from an average of 21.0 per cent in 2025 to 14.2 per cent in 2026, the lowest annual level since 2020 – supported by a more stable exchange rate and tighter liquidity.

“Easing price pressures will relieve strain on household budgets and unlock some pent-up demand throughout the year,” the report pointed out.

That said, Fitch stated that it does not expect a full recovery in household spending in 2026, noting that government efforts to strengthen revenue

collection - including the likely introduction of a 5.0 per per cent fuel levy in January and broader measures to improve tax compliance - will put a cap on consumer demand.

T I nubu Swe A r S I n Mu SA , Defence M I n IST er I n r enewe D Pur P o S e for nATI on A l Secur ITY

Deji Elumoye, Chuks Okocha, Alex Enumah, Linus Aleke and Juliet Akoje in Abuja

President Bola Tinubu, yesterday, administered the oath of office on General Christopher Musa as Nigeria’s new Minister of Defence, marking a crucial move in the administration’s ongoing security reforms.

The swearing in conducted at State House, Abuja, signi- fied Musa’s transition to the country’s principal defence policy custodian.

Tinubu had earlier in the day described Musa as a “fine gentleman” whose track record in service positioned him to drive a more integrated national security response.

The president applauded the senate for its swift confirmation of Musa, the immediate past Chief of Defence Staff (CDS), as the new Minister of Defence.

In a post on X @officialABAT, Tinubu revealed that he had forwarded Musa’s name to the senate two days earlier for screening and confirma-

tion, describing him as “a fine gentleman” whose wealth of experience would serve Nigeria at a defining moment.

“I want to commend the Nigerian Senate for its expedited confirmation of General Musa yesterday. His appointment comes at a critical juncture in our lives as a Nation,” the president wrote.

Tinubu emphasised that the former CDS’ leadership record and understanding of Nigeria’s complex security environment made him well-suited to drive

Alleged $1bn Debt: Appeal Court Adjourns NestoilNeconde Case Amid Fierce Counsel Dispute

Wale Igbintade

Proceedings at the Court of Appeal, Lagos Division, were brought to an abrupt halt yesterday after a dispute erupted over which lawyers were authorised to represent Nestoil Limited and Neconde Energy Limited in the appeal lodged by First Trustees Lim- ited and FBNQuest Merchant Bank Limited against a ruling of Justice Daniel Osiagor.

Justice Osiagor had on November 20, 2015, vacated the Mareva injunction that froze the companies’ assets and those of their directors over an alleged $1 billion debt claim.

The judge held that the ex parte order had lapsed after hearing arguments that the order became spent 14 days after the filing of a motion to set it aside, in line with the Federal High Court Rules.

The court also stated the decision to transfer the case to a new judge was not subject to appeal and stressed that proceedings could not be stayed merely because filings at the Court of Appeal referred to the previous judge.

According to the lower court,

“There is no longer a subsisting ex-parte order, having elapsed 14 days from the Motion on Notice challenging it. As the order has expired, the argu- ments of parties affected by the ex-parte order are now mute or academic.”

Dissatisfied, FBNQuest Merchant Bank and First Trustees approached the Court of Appeal and, in a motion filed on November 26, 2025, sought a “restorative injunction” to reverse all steps taken pursuant to the high court’s ruling.

Justice Yargata Nimpar of the Court of Appeal granted the request and immediately reversed earlier steps that halted the receivership, thereby clearing the way for occupation of Nestoil’s headquarters.

The appellate court also barred interference with the receiver’s work and suspended further proceedings at the lower court.

Hearing on the substantive motion was fixed for December 4, 2025.

However, when the appeal was yesterday, confusion arose after the court directed counsel to announce appearances.

Babajide Koku, SAN, ap-

peared for the appellants, with Kunle Ogunba, SAN.

The problem began when Ayoola Ajayi, SAN, announced appearance for the first respondent (Nestoil Limited), while Ayo Olorunfemi, SAN, appeared for the third respondent (Neconde Energy Limited).

the administration’s defence and securitySpeakingpriorities. with newsmen after his swearing-in, Musa assured Nigerians that the security situation would improve for the better in the shortest time possible, as he was poised to swing into action immediately.

While promising that defence would take its rightful place, Musa expressed optimism that Nigerians would see positive security results soon.

He stated, “My immediate priority is to make sure that de- fence takes its place fully in the country. The synergy between the armed forces, between the armed forces and other security agencies, and all Nigerians being carried along, as we have always said, that security is everybody’s responsibility.

“It is that synergy that we need to build on and work on it, and that’s what we’re going to do, and I can assure you, within the shortest time possible, Nigerians will see results.”

Musa also said, “I want to use this medium to appreciate all Nigerians. Nigerians have

T I nubu, b or IS Jo H n S on, K I -Moon, oTH er S

President Joseph Boakai of Liberia, President Amina Akim of Mauritius, Prime Minister Americo Ramos of Sao Tome and Principe, as well as Minister of Finance and Coordinating Minister of the Economy of Nigeria, Mr. Wale Edun.

Also in attendance were: President of the Dangote Group, Alhaji Aliko Dangote, Governors of Edo ( Monday Okpebholo), Ekiti (Abiodun Oyebanji), Ondo (Lucky Aiyedatiwa), Yobe ( Mai Mala Buni) and a former Africa Import-Export Bank Chief, Prof Benedict Oramah.

In his speech delivered by the Vice President, Senator Kashim Shettima, Tinubu reaffirmed the federal government’s commitment to supporting Imo State’s economic development especially as the summit, aimed at

fostering growth and attracting investments, showcased various initiatives designed to enhance the state’s economic landscape.

Tinubu emphasised the importance of collaboration between states and the federal government, highlighting several key government programmes intended to provide financial assistance and infrastructure improvements.

“We recognise the unique challenges that Imo state faces, and we are dedicated to implementing strategies that will not only boost local businesses, but also create sustainable job opportunities,” he noted.

The President assured that the federal government will continue to provide Imo state and Igbo land at large the platform to grow and develop.

shown me love, and I will guarantee them that I am going to work, whatever it takes, to ensure that Nigeria is secured.”

Asked what directive was given him by Tinubu, the new minister disclosed that the president gave him a marching order to adequately secure the nation so that Nigerians could sleep with their eyes closed.

He said, “I just met Mr. President, and he reiterated his mind on the aspect that we must make sure that Nigeria is secured. Nigerians should go back and sleep with their eyes closed, go back to their farms.

“Schools open without being molested. Everyone being car- ried together to make sure that Nigeria continues to grow in line with the renewed programme of Mr. President.”

Catholic Bishop of Sokoto Diocese, Rev. Matthew Hassan Kukah, said the new defence minister was a capable hand who would deliver on the security mandate given to him by the Kukahpresident. said, “Everybody knows what the problem is.

He appealed to well-meaning Nigerians and the international community to invest in Imo state and all parts of Nigeria, especially with the development of digital transformation, and conducive environment in Imo state.

Also, in their respective keynote addresses, the President of Liberia, Boakai, the Prime Minister of Sao Tome and Principe, Ramos and the first female President of Mauritius, Akim, all aligned with the fact that Africa is the rising continent of hope.

According to them, Nigeria, a power hub with talents and a vibrant youth population, will continue producing entrepre- neurs that will rule the world. They called for stronger partnership as key to unlock-

We just need restoration of normalcy in this country by any means possible. And I think that this job is in very good hands. It does seem very clearly that the president wants to reposition issues of security, and I think the situation is in very good “Whateverhands. it takes to get this mess under control. These guys need to be flushed out. Normalcy needs to return to our country. Laughter and joy have to come back to Nigeria within the shortest time possible, all we do is to pray for the best.” Centre for Socio-Legal Studies (CSLS) also commended the ap- pointment of Musa as Minister of Defence, as well as the planned recruitment of security personnel to tackle insecurity and violent crimes in the country. CSLS also commended the military for the proactive actions being taken to address rising cases of banditry and violent extremism.

It, however, stressed the need to build the capacity of

ing economic potentials of Imo State, Nigeria and Africa at large; with the President of Mauritius particularly promising to bring in potentials of renewal energy to the State.

Boakai expressed strong confidence that Imo State can undergo significant transformation through innovation. “Innovation can become the engine that drives Imo’s transformation,” the Liberian leader said. He added: “If Africa must progress, elections must not only be peaceful—they must also deliver development dividends to the people who elect their leaders. The lives of the people must be improved,” hinting that Liberia shares several similarities with Imo.

President Bola Tinubu

WORKING VISIT TO RIVER STATE UNIVERSITY TEACHING HOSPITAL BY NMA...

L–R: President, Association of Radiologists in Nigeria, Dr. Ebbi Robinson; First Female Associate Professor of Neurosurgery in Nigeria and Head of Department, Surgery, Dr. Linda Iroegbu Emerue; and First Vice-President, Nigerian Medical Association, Dr. Benjamin Oluwatosin Olowojebutu, during a working visit to River State University Teaching Hospital by the Nigerian Medical Association in Port Harcourt… recently

Shettima Announces Special Fund of N166bn for Disaster Management in 2026

The vice president, Senator Kashim Shettima, has announced Nigeria’s readiness to lead in the new era of data-driven preparedness against disasters.

Shettima, while making the announcement on Thursday, also stated that the federal govern- ment had given approval for a

N166 billion special intervention fund to help provide anticipa- tory action before the occurrence of any form of disaster in the coming year.

The vice president revealed that the country was strengthen- ing national systems to ensure that early warning was not just issued but also heard, understood, and acted upon.

He stated that the essence

was to make Nigeria more proactive and enhance its anticipatory capacity.

The vice president spoke at the national conference on Anticipatory Action in Nigeria, with the theme, “Unlocking the Power of Data-Driven Anticipatory Action in Nigeria,” organised by International Rescue Committee, Nigeria.

Shettima said the country

was investing in national data generating agencies, climate- resilient agriculture, flood prediction models integrated with machine learning systems, like IGNITIA, data-driven disaster management frameworks, and community-led resilience initiatives.

He said the target was to have a country where no community was abandoned

Appeal Court Affirms Judgement Barring VIO from Stopping, Impounding Vehicles

Alex Enumah in Abuja

The Court of Appeal in Abuja, on Thursday, affirmed the judgement of the Federal High Court, which stopped the Directorate of Road Traffic Services, also known as VIO, from further stopping, impounding or confiscating vehicles on the road and imposing fines on motorists.

The appellate court in the judgement delivered by Justice Oyejoju Oyewumi, held that the case of the VIO was lacking in merit.

Oyewumi held, “I find no

iota of merit in this appeal; the decision of the lower court is hereby“Costaffirmed. of N1 million is awarded against the appellant.”

Justice Evelyn Maha of the Federal High Court had in a judgement in a fundamental rights enforcement suit last year issued an order restraining the VIO from impounding or confiscating the vehicles of motorists and/or imposing fines on any motorist.

The judge predicated her decision on the grounds that the appellants lacked the necessary legal backing to stop, impound

or confiscate vehicles and/or impose fines on motorists.

While the suit was filed by a rights activist and public interest lawyer, Mr. Abubakar Marshal, the order was said to bind the Director of Road Transport; the Area Commander, Jabi; and the Team Leader, Jabi; as well as the Minister of the Federal Capital Territory (FCT), all listed as respondents in the case.

The judge held that the first to the fourth respondents, who were under the control of the fifth respondent (FCT minister) were not empowered by any law or statute to stop, impound

or confiscate vehicles and/or impose fines on motorists.

The trial judge had sub- sequently issued an order restraining the first to the fifth respondents, either through their agents, servants and or assigns, from impounding, confiscat- ing the vehicles of motorists and/or imposing fines on any motorist, adding that doing so is wrongful, oppressive, and unlawful.

to rising waters, failed rains, or eroding Shettima,livelihoods.represented by Deputy Chief of Staff to the President, Senator Ibrahim Hassan Hadejia, disclosed, “A special intervention of N166 bil- lion has been committed by the National Economic Council to fund the National Anticipatory Action Framework in 2026.”

He added, “We are strength- ening national systems to ensure that early warning is not just issued but heard, understood, and acted upon at the last mile.”

He stated that the country’s vision was to become a nation that anticipated, not reacted.

He said, “The Nigeria we are building will not be one that waits helplessly for rescue. We will be a proactive nation, not reactive, resilient, not vulnerable.

“A nation where no community is abandoned to rising waters, failed rains, or eroding livelihoods. A nation where innovation meets governance, and data meets compassion.”

The vice president also said anticipatory action was not only a humanitarian necessity but also a development path and

climate strategy.

“Anticipatory Action is not only a humanitarian necessity; it is a development pathway. It is a climate strategy. It is a governance strength,” he said. He stressed the importance of timely and accurate data, stating that it helps to provide reliable early warning systems, and proactive financing.

The vice president stated, “And it is a moral duty. If we unlock the power of data-driven anticipatory action, we will build a Nigeria that withstands shocks, protects its citizens, and stands as a global model for resilience.”

He reminded participants that the gathering was “to chart a course that will redefine how Nigeria anticipates, prepares for, and responds to climate-related disasters”.

He stated, “This is not simply a conference, it is a national reset on how we safeguard lives, livelihoods, and the future of our communities,” adding, “Our Reality: The Climate Crisis Is No Longer a Distant Threat; Nigeria is already living the consequences.

House Directs Education Ministry to Rescind its Curriculum Review Policy Enugu House of Reps Caucus

The House of Representatives has called on the Ministry of Education to rescind the imple- mentation of its curriculum review policy considering the limited time frame and to give students a fair chance of success at these examinations.

The resolution of the House was sequel to the adoption of

a motion moved at the plenary on Tuesday by Hon. Oboku Oforji.

Moving the motion, the lawmaker said following directive from the ministry, key subjects, including but not limited to, Computer Studies, Data Processing, Electrical Installation and Maintenance, Photography and Civic Educa- tion have been removed from

the WAEC Portal.

He said while acknowledging the efforts to enhance the national curriculum, the timing is just not right.

Oforji noted that trade subjects like Data Processing are among the most popular and widely offered subjects in many schools across the country because of its market relevance and students’ interest.

The Enugu State Caucus in the House of Representatives has commended Governor Peter Mba’s proposed N1.62 trillion budget for the 2026 fiscal year, describing it as bold, strategic, and reflective of a clear vision for accelerated development.

In a statement signed and issued by the Caucus’ Leader, Hon. Nnolim Nnaji, the lawmakers expressed satisfaction with the steady rise in the

state’s annual budgets since the beginning of Mba’s administration, noting that the trend demonstrates a deliberate and well-structured roadmap for economic transformation.

Highlighting the progressive budget trajectory, the Caucus stated that the aggegate budget was N521.5 billion in 2024, N971.084 billion in 2025, and N1.62 trillion in 2026.

According to the lawmakers, this progressive growth clearly shows that Mba’s commitment

to expanding Enugu State’s economy from $4.4 billion to $30 billion annually is already gaining traction and translating into measurable outcomes.

With a projected Internally Generated Revenue (IGR) of N870 billion, the Caucus noted that the state is now “emerging as one of Nigeria’s fast-rising economic powerhouses, closing in on the nation’s most competitive and investment-driven states.”

Adedayo Akinwale in Abuja

Ndubuisi Francis in Abuja

Michael Olugbode in Abuja

Politics

Acting

Taraba: As Gov Kefas Joins APC Formally Tomorrow...

Barring any unforeseen circumstances, Taraba State governor, dr agbu Kefas will on Saturday officially defect from the People’s democratic Party to the ruling all Progressives Congress. Wole Ayodele reports.

For several months running, speculations have been rife that Governor Agbu Kefas of Taraba State would be defecting to the APC but there were no official confirmation to that effect.

The official defecting ceremony was initially billed to take place on 19th of November but had to be called off at the last minute due to the kidnap of school children in Kebbi State by bandits.

It will now take place on Saturday, December 6, 2025 in Jalingo, the State capital with Vice President Kashim Shettima leading APC National Chairman and other party chieftains and governors to formally welcome Governor Kefas to the ruling party.

The governor had let the cat out of the bag concerning his rumoured defection while addressing press men shortly after inspecting facilities at the Jolly Nyame Stadium, venue of the decamping ceremony when he officially disclosed that he would be joining the APC.

Flanked by several government functionaries, Gov Kefas stated that his decision to leave the PDP was informed by his commitment to advance the long-term interests of Taraba State.

According to the governor, “I will officially transition from the PDP to the APC on November 19. This movement is about the destiny and future of the people of Taraba. It is not about me as an individual or the governor. It is in the best interest of our dear state”.

But as fate would have it, the ceremony was called off by Kefas to reflect the mood of the country following the kidnap incident. The cancellation was conveyed in a statement signed by the Secretary to the Government of the State, Chief Gebon Kataps.

Meanwhile, the governor’s decision to defect to the APC sparked series of alignments and realignments within the existing political structures in the state.

Though there seems to be some dissenting voices who expressed bitterness over the

planned defection of the governor, such voices were soon drowned as the governor succeeded in galvanizing the support of the stakeholders and leaders of the APC and PDP.

Ahead of the governor’s official decamping, the sixteen PDP members of the State House of Assembly led by the Speaker, Rt.

Hon John Kizito Bonzena had on Monday 17th November decfected to the APC thereby making the Assembly 100% APC.

Speaking at plenary, the Speaker stated that besides himself, fifteen other PDP House of Assembly members have forwarded their letters to defect from the PDP to the APC.

The defectors include the Deputy Speaker, Hamman Adama Abdullai (Bali 2 Constituency); Majority Leader, Jethro Yakubu (Wukari 1 Constituency); Tafarki Eneme (Kurmi Constituency); Akila Nuhu (Lau Constituency); Musa Chul (Gassol 1 Constituency) and Josiah Yaro (Wukari 2 Constituency).

Others are: Tanko Yusuf (Takum 1 Constituency); Veronica Alhassan (Bali 1 Constituency); Anas Shuaibu (Karim Lamido 2 Constituency); Nelson Len (Nguroje Constituency); Umar Adamu (Jalingo 1 Constituency); Joseph Kassong (Yorro Constituency); John Lamba (Takum 2 Constituency); Happy Shonruba (Ardo-Kola Constituency) and Zakari Sanusi (Ibi Constituency).

The Speaker further stated that the decision is not personal but for the collective interest of the state.

Besides the members of the Assembly, other political appointees and aides of the governor have followed the path of the legislators including the outgone local government chairmen who completed their tenure in November.

The then ALGON Chairman in the state Dr Aminu Jauro Hassan led the other fifteen local government chairmen to decamp enmasse from the PDP to the APC.

In a release signed by the ALGON Chairman, the council chairmen resigned their membership of the PDP to enable them to support the governor as well as align with the moving forward agenda of the state government.

In the same vein, the Taraba State Chairman of PDP, Alhaji Abubakar Bawa also led other party officials to defect to the APC.

Giving reasons for his resignation, Alhaji Bawa disclosed that his defection was as a result of the intractable crisis in the party at the national level.

Bawa’s defection, which came few days after leading the Taraba delegation to the recent National Convention

2025: Anatomy of Gains in the Nation’s Health Sector

Fredrick Nwabufo writes on the on-going year 2025 reforms in the nation’s health sector under the Renewed Hope agenda of President Bola Tinubu.

This year has been an eventful one for the President Bola Tinubu administration. From reforms correcting long-standing distortions across multiple sectors and establishing durable understructures for sustained national development, to policies expanding enterprise and creative opportunities for citizens, the gains of the passing year have been well-forged and hold strong prospects for broader impact in the coming year.

In the health sector, for instance, the achievements recorded in 2025 have been far-reaching and sector-wide.

Landmark programmes and initiatives were introduced; primary and secondary healthcare systems saw significant improvements; strategic agreements to promote local pharmaceutical manufacturing were signed; thousands of health workers were trained and others newly recruited; health infrastructure received major upgrades, including new top-tier cancer centres across the geo-political zones; hospitals were rehabilitated; and several turnaround policies were implemented.

So far, under the Renewed Hope Health Agenda, ₦68 billion for vaccine procurement has been approved, released, and transferred to the National Primary Health Care Development Agency (NPHCDA). In addition, outstanding liabilities of ₦500 billion have been settled, creating greater fiscal space for health spending.

The nation witnessed a 17 percent reduction in maternal mortality in MAMII local government areas, while public sentiment

regarding the health sector is shifting from pessimism to optimism. Over 60,000 health workers trained nationwide, improving confidence and quality of care.

Health insurance coverage expanded from 3 percent to over 11 percent during the year under review, representing more than 21.1 million Nigerians enrolled across Basic Health Care Provision Fund (BHCPF) channels. BHCPF allocation was ₦131 billion in 2024 and is expected to reach ₦298 billion in 2026, enabling states and local governments to achieve more in primary healthcare delivery. From these funds, a total of 8,309 BHCPF primary health centres have benefitted across all states of the federation, with planned expansion to 13,521 BHCPF primary health centres by the first quarter of 2026.

Worthy of note, the federal government’s health budget has risen by 60 percent over the past two years, reaffirming that health remains a top priority for the Tinubu administration. According to the Central Bank of Nigeria, spending on medical tourism has dropped by 52 percent since 2023 as a result of President Tinubu’s health reforms.

In the past one year, 2,125 primary healthcare facilities have been revamped, with service integration rising to 72 percent. Primary healthcare facility quality scores have also improved from 42 percent to 70 percent.

More than 7.2 million Nigerians are now registered on the National Health Information Exchange, and over 200 hospitals operate with electronic medical records.

In March, President Tinubu launched the National Health Fellows Programme to provide opportunities for young Nigerians and improve service delivery at primary healthcare centres. The first cohort of fellows, drawn from all 774 local government areas (LGAs), served as fiduciary agents monitoring primary healthcare development and performance. A second cohort of public health fellows from all 774 LGAs will be inaugurated after a screening process scheduled to conclude by February, 2026.

The first batch of fellows was deployed alongside Performance and Financial Management Officers (PFMOs) across the 774 LGAs at the primary health level, improving accountability for BHCPF funds at that cellular level.

In July, the federal government inaugurated three state-of-the-art oncology centres in

Katsina, Enugu, and Edo states. I participated in the inspection of the University of Nigeria Teaching Hospital oncology centre in Nsukka during the federal government’s south-east engagement tour in August. The centres are equipped with advanced diagnostic and radiotherapy technology. Service delivery and consumer confidence have improved remarkably in the past two years. Hospitals recorded 10 million visits nationwide in the second quarter of 2024, rising sharply to 45 million visits in the second quarter of 2025.

More importantly, Nigerians are increasingly utilising life-saving vaccines. Twenty-five million measles vaccine doses and 22 million yellow fever vaccine doses were administered, alongside the successful rollout of Africa’s first Mpox vaccine.

Five million children have been immunised with the pentavalent vaccine, and 10 million additional children have received the Tetanus-Diphtheria vaccine as part of the nationwide diphtheria response.

Since 2023, Nigeria has also administered the HPV vaccine to 14 million girls aged 9–14, protecting them from cervical cancer, which afflicts 12,000 Nigerian women annually.

-Nwabufo, Senior Special Assistant to President on Public Engagement, writes from Abuja.

RATES AS AT DEC E mb ER

4,2025

Chinedu Eze

SStakeholders in the aviation industry have urged the federal government to review the new tax regime, which will take effect from January 2026, saying it will bankrupt airlines and other businesses in the sector, if not revised to dovetail with industry standards.

According to the Federal Inland Revenue Service (FIRS), in January 2026, when the new tax reforms

will kick off, aviation assets such as commercial aircraft, engines, spare parts and airline transportation will no longer be exempted from Value Added Tax (VAT).

The agency explained that the implications of the new Tax Laws on Aviation meant that Nigerian companies engaged in airline transportation business and other allied companies in aviation sector would be taxed like any other Nigerian company.

But stakeholders said that levies have been built into the air transport system, adding that the new tax reform needs to take cognisance of international tax obligations in order to avoid double taxation in the sector.

They noted that currently operating airline business in Nigeria remained precarious due to high taxation and other disincentive factors, including high insurance premium, high cost of

spares due to the high exchange rate and the cost of aircraft maintenance overseas.

When the matter came to the fore recently, the International Air Transport Association (IATA) representative for West & Central Africa, Dr. Samson Fatokun, explained that aviation remained a global business and that there were already different types of levies, taxes and fees being paid by

operators at both local and international levels.

He also said that there were treaties signed by the Nigerian government that governs the global aviation industry, adding that “Nigeria is a member of the International Civil Aviation Organisation (ICAO) and that the country is subject to regulations with regards to taxation made by ICAO.”

Fatoken therefore advised that international

transportation of passengers cannot be taxed, urging that Nigeria needs to consider the treaties it signed.

The IATA representative argued that Nigeria cannot introduce tax regime in isolation because the country is part of the global system that aligns with international standards in the aviation industry.

Dike Onwuamaeze

The Purchasing Managers’ Index (PMI) of Stanbic IBTC Bank has revealed that the manufacturing and services sectors of the Nigerian economy led other sectors of the Nigerian economy in business expansion in November.

The report stated that the 53.6 point headline figure in

November “signalled a solid strengthening in the health of the private sector, and one that was only slightly less pronounced than seen in October’s 54.0.”

According to Stanbic IBTC, headline figures above 50.0 signalled improvement in business conditions on the previous month, while readings below 50.0

showed deterioration.

Commenting on the PMI report, the Head of Equity Research West Africa at Stanbic IBTC Bank, Mr. Muyiwa Oni, said, “Output increased across all four broad sectors, namely agriculture, manufacturing, services, wholesale and retail, that were covered by the survey, led by manufacturing and services.

Both manufacturing and services are likely to see higher growth in 2025 compared to 2024 levels, based on the results from the PMI surveys so far this year. Elsewhere, the government has been visible in infrastructure, livestock development, easing trade constraints, and attracting investments in oil & gas and manufacturing.”

Oni added, “Aside from that, the Dangote refinery is expected to continue to have forward-linkage impact on other sectors of the economy. Also, likely lower interest rates in line with lower inflation and exchange rate stabilisation should support private consumption and business investments in 2026.

“Because of these

factors, we see more sectors contributing to real GDP growth rate in 2026 compared to 2025, likely translating to an improvement in the quality of lives of the citizens relative to 2025. We still see the Nigerian economy growing by 4.0 per cent in 2025.”

NPA Showcases Simplified Export Processes at Kano International Trade Fair

Eromosele Abiodun

The Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, has reaffirmed the agency’s commitment to strengthening Nigeria’s non-oil export sector through streamlined port operations and improved port–hinterland connectivity.

Speaking during the NPA Special Day at the Kano International Trade Fair, Dantsoho praised the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA), for sustaining the fair’s reputation as a global business hub. He said Kano’s strategic position as a major commercial

centre linking Nigeria to the northern hinterland and neighbouring landlocked countries presents enormous economic opportunities.

According to him, Kano’s rich agro-allied potential aligns with the NPA’s drive to connect local producers to international markets, particularly within the non-oil value chain.

Bernard Assumes Leadership at CASS Nigeria

Stories by Chinedu Eze

The Group Managing Director of Finchglow Holdings, Mr. Bankole Bernard, has been appointed as the Chairman of the Cargo Accounts Settlement Systems (CASS), Nigeria Local Consultative Council (LCC).

His appointment was confirmed recently by the Directorate of CASS in a

WACOT Limited, a leading food and agro-allied company in Nigeria and the agro-allied division of the TGI Group, has successfully disbursed over N158 million in Sustainability Differential Payments (SDP) to 2,062 cocoa farmers in Osun State, marking

statement to the public.

CASS Nigeria, through its Local Consultative Council, is a crucial pillar in the nation’s aviation industry, responsible for ensuring transparency and strengthening the financial settlement framework between airlines, logistics partners, and cargo operators. As the industry navigates rising demand for efficiency, data

a significant milestone in its commitment to rewarding sustainable agricultural practices. The “Rewarding Commitment: Cocoa Premium and Farmer Appreciation Event,” held in Ile-Ife, also recognized 57 exceptional farmers with an additional N5.8 million for their

integrity, and system-wide collaboration, the Council’s leadership has become even more pivotal.

Bernard’s appointment comes at a defining moment for CASS Nigeria, one that requires a steady, experienced hand capable of unifying stakeholders, guiding reforms, and advancing a more resilient and future-ready cargo settlement environment.

outstanding contributions.

In her address, Head of Corporate Responsibility and Sustainability at TGI Group, Yosola Onanuga, extended gratitude to the farmers, stating, “You are very important to us, and we’re happy to be doing this farmer reward ceremony.

NAMA Bags AFRAA Free Airspace Award

The Nigerian Airspace Management Agency (NAMA) has become the first organisation to win the Africa Airlines Association (AFRAA)’s Free Route Airspace award on the continent.

According to AFRAA, the award, received on behalf of the agency by NAMA’s Director of Air Traffic Services (DATS), Mr. John Tayo, is in recognition of NAMA’s excellence in service delivery, innovation and dedication in the Free

Route Airspace Project on the continent.

Secretary General of AFRAA, Mr. Abderahmane Berthe, said the Nigeria agency had been at the fore front in championing the safety and competitiveness of the airspace and routes for airlines in the African aviation industry.

Speaking after receiving the award, Tayo commended President Bola Ahmed Tinubu for his support to the agency to continuously develop the country’s airspace in line with global standard/He

Group Business Editor

Eromosele Abiodun

Deputy

chinedu Eze

Comms/e-Business

Asst. Editor, Energy

Emmanuel Addeh

Asst. Editor, Money Market

Nume Ekeghe

Correspondents

Kayodetokede(CapitalMarkets)

James Emejo (Finance)

Ebere Nwoji (Insurance)

reporter Peter Uzoho (Energy)

also described NAMA’s Managing Director, Farouk Ahmed Umar, as a visionary leader whose foresight has place the agency as one of the best in airspace management and development across the globe.

According to the Air Traffic director, Nigeria will continue to implement the Free Route Airspace across borders in conjunction with the following adjacent Flight information Regions (FIR) within the continental and oceanic airspace of the ICAO AFI region.

NAAPE Sets Bold Course for Aviation Professionals

The National Association of Aircraft Pilots and Engineers (NAAPE) has launched a new chapter in its history as the newly elected National Executive Council convened for its inaugural, historic meeting on Tuesday.

The event, held in Abuja, was hailed by its President, Captain Bunmi Gindeh as marking a “significant milestone” and setting

Air

Ensuring Aircraft Safety in Nigeria

Chinedu Eze

The most critical in airline operations is about keeping the aircraft airworthy, to enable it airlift passengers from one airport to another safely.

However, human error and faulty equipment are two key factors that have defied air safety rules, leading to many air crashes that happened in Nigeria.

When Associated Aviation Flight 361 crashed on take-off at the domestic runway of the Murtala Muhammed International Airport, Lagos on October 3, 2013, the then Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Fola Akinkuotu, said while it was the duty of the regulatory authority to effectively oversight the airlines, it remained the duty of airlines to ensure that their equipment is safe, and insisted that airlines should seriously engage in self-regulation while they were over-sighted by the Nigeria Civil Aviation Authority (NCAA).

Since then, many of the airlines upped their Standard Operating Procedures (SOP) and strictly followed the rules in terms of aircraft maintenance, personnel training and overall standard of operations.

The issue of aircraft maintenance was brought to the front burner recently, during the Federal Airports Authority of Nigeria (FAAN) Aviation Conference (FNAC 2025), which was held in Lagos, where the Chairman and CEO of Nigeria’s leading carrier, Air Peace, Dr. Allen Onyema, gave details of how the airline ensured aircraft safety and invariably safe flight operations.

the stage for a period of strategic, forward-looking leadership dedicated to transforming the professional landscape for pilots and engineers across Nigeria.

The president underscored the critical role of NAAPE’s members as the “backbone of flight safety, operational excellence, and technological advancement in Nigerian aviation.”

Onyema said the first step in ensuring air safety was choosing the right maintenance teams and making sure the standard was not compromised.

“I brought in a British company to be in charge of our airline maintenance and again I engaged the world’s most expensive, quote me, the world’s most expensive MRO (Maintenance, Repair and Overhaul), for airline maintenance provider, base maintenance provider, which is the Israeli Aerospace Industries. They are here in Nigeria 24/7, maintaining Air Peace aircraft. They are the world’s most expensive, but at the same time the best. So, I went for them, because I have

phobia for flying. When we talk about safety, all Nigerian airlines are actually safe because of the kind of oversight the NCAA conducts on us,” Onyema said. He gave credit to NCAA for its effective oversight of the airlines, saying that it is tough but very good.

“The kind of oversight NCAA brings to bear on Nigerian airlines, nowhere in the world is that done. Sometimes we cry that they are overdoing it. But then you have seen the results. In the last 12 years or so, Nigerian airlines are no more falling out of the skies, so kudos to everybody involved. But coming to individual airlines, I am not speaking for Air Peace alone; I am speaking for Airline Operators of Nigeria (AON) of which I am the Vice President. We tell ourselves gentlemen the easiest way to get out of business is for you to cut corners when it concerns safety. Please when you get to the airport fly any Nigerian airline be confident even the smallest of Nigerian airlines. When it comes to safety, nobody jokes about it,” Onyema further said.

According to him, the most important thing airlines do is self-regulation. They do not wait for NCAA to inspect them before they do the right thing. He recalled how he decided to ground Embraer E145 aircraft in his fleet because an error was discovered in one of the six aircraft.

“You don’t wait for the regulator to always breathe hard on you. You do it yourself. So, we withdrew the aircraft fleet form service. When we grounded the fleet, we took them abroad, spending several millions of dollars. They opened the aircraft and did not see anything but I was satisfied. I satisfied myself and for the sake of the flying public also. Because one incident can take you out. It is not about business alone, it is about lives.

“So, we thank the NCAA for the kind of oversight they have brought to bear on Nigerian airlines. And at the same time, I thank my brother airlines because all of us are really after safety. Appreciate your own, what we are doing here others don’t do it.”

Nigeria’s Triumphant Return to IMO Council

The election of Nigeria into Category C of the International Maritime Organisation Council for the 2026–2027 biennium, crowned over twelve months of intensive diplomacy shuttles, targeted engagements and sustained advocacy across various countries and maritime blocs, writes Eromosele Abiodun

During the military regime of the late Gen Sani Abacha, Nigeria was expelled from the International Maritime Organisation (IMO) after the killing of environmentalist, Ken Saro-Wiwa, and the Ogoni Nine. Nigeria was readmitted in 2000 when the then Minister of Transportation, Ojo Madueke, led a Nigerian delegation to win an election into Category C of the council. The country could, however, not retain the seat in subsequent elections. It lost re-election in 2009 and since then it has failed to secure a win.

The council, which is elected by the IMO Assembly for two-year tenure beginning after each regular session of the assembly, is the executive organ of IMO and is responsible under the Assembly, for supervising the work of the organisation. Between sessions of the assembly, which is every two years, the council performs all the functions, except the function of making recommendations to governments on maritime safety and pollution prevention.

Last week in London, after a fiercely contested election, Nigeria was elected into Category C of the International Maritime Organization Council for the 2026–2027 biennium. The election, held during the IMO General Assembly, marks Nigeria’s triumphant return to the Council after a 14-year absence, restoring the nation to global reckoning among the comity of maritime nations.

The coveted position, which has eluded Nigeria, has been a major embarrassment for successive governments who failed to achieve the feat.

Twenty-six countries vied for the position meant for twenty countries. Nigeria was elected with 116 votes, beating countries like Denmark, Kenya, and Bangladesh, among others.

Making a case for Nigeria before the election, the Minister of Marine Blue Economy, Adegboyega Oyetola said, “Esteemed delegates, Nigeria stands before you today as a nation deeply committed to the safety, security, and prosperity of the global maritime community. As a prime maritime nation, home to one of the biggest shipping hubs in West and Central Africa, Nigeria has practised the strengthening of maritime governance, enhancement of port efficiency, expansion of agrographic capabilities, securing its maritime domain, and driving the blue economy agenda. “Internationally, we have demonstrated leadership and commitment towards championing the suppression of piracy in the Gulf of Guinea (GoG), fostering regional collaboration through the yonde architecture and supporting capacity-building initiatives that

empower developing maritime nations.

The impact of Nigeria’s actions, he said, is notable and has been acknowledged by the International Maritime Bureau.

He added, “Excellencies, Nigeria’s election to the IMO Council under Category C not for prestige but to contribute even more robustly to our shared maritime future, we offer a strong solution-driven voice from the developing world, a bridge between regions, and an unwavering partner in advancing IMO’s regulatory, environmental, and safety mandates. Today, I hope you call upon all member states to cast their vote for Nigeria, your trusted partner, your safer maritime ally. Today, let’s move forward with purpose, ensuring safer seas, cleaner oceans, and a more inclusive global maritime system for all. Vote Nigeria. Together, we sail forward.”

Oyetola, who led Nigeria’s campaign, said the victory crowns over twelve months of intensive diplomacy shuttles, targeted engagements and sustained advocacy across various countries and maritime blocs.

Oyetola Applauds Tinubu

Speaking moments after the results were declared, Oyetola described Nigeria’s election as “a landmark endorsement of the renewed confidence the world has in Nigeria under the leadership of President Bola Ahmed Tinubu.”

According to him, “This victory is not just for Nigeria; it is a vote of confidence in our maritime reforms, our security efforts in the Gulf of Guinea, and the bold vision of His Excellency President Tinubu to unlock the full potential of the blue economy.”

He emphasised that the election represents a major boost to Nigeria’s profile in global maritime governance.

“Our return to the IMO Council after fourteen years signals that Nigeria is back — stronger, more strategic and more determined to contribute meaningfully to shaping the future of global shipping, maritime safety and sustainable ocean governance. We worked tirelessly, travelling across continents, building bridges and reaffirming Nigeria’s readiness to take up this responsibility,” he said.

Oyetola expressed profound appreciation to President Tinubu for providing the full support that made the campaign successful despite the highly competitive nature of the election.

“Mr President gave us every encouragement, every backing and every resource we needed to prosecute this campaign. His leadership opened doors and inspired immense goodwill from across the world,” he noted.

He also thanked the international maritime community for believing in Nigeria, affirming that the results demonstrate broad trust in the reforms being undertaken by the Tinubu administration.

“The world has stood with us, and we do not take this for granted. Nigeria will serve with integrity, commitment and a strong sense of responsibility,” he pledged.

He further commended the Technical Committee of Experts chaired by the Permanent Secretary of the Federal Ministry of Marine and Blue Economy, Mr Olufemi Oloruntola, acknowledging their strategic coordination, meticulous planning and enduring commitment to Nigeria’s success. With this election, Nigeria joins 19 other nations in Category C - countries recognised for their special interests in maritime transport and navigation and selected to ensure balanced geographical representation within the IMO Council. The elected states in Category C are: Bahamas, Belgium, Cyprus, Chile, Cyprus, Egypt, Finland, Indonesia, Jamaica, Malaysia, Malta, Mexico, Morocco, Nigeria, Peru, Philippines, Qatar, Saudi Arabia, Singapore and South Africa.

Countries elected into Category B, representing nations with the largest interests in international seaborne trade, are Australia, Brazil, Canada, France, Germany, India, Netherlands, Spain, Sweden and the United Arab Emirates. Category A, comprising the world’s leading providers of international shipping services, saw the election of China, Greece, Italy, Japan, Liberia, Norway, Panama, Republic of Korea, the United Kingdom and the United States of America. Nigeria’s return to the Council is expected to bring significant benefits to the country’s maritime and blue economy sectors, strengthening international partnerships, enhancing access to technical support, boosting investor confidence and reinforcing Nigeria’s leadership role in the Gulf of Guinea. “We have earned the world’s confidence. Now we must deepen our reforms, strengthen our institutions and ensure that Nigeria takes its rightful place

as a leading maritime nation,” Oyetola said. Dantsoho Congratulates Oyetola In his reaction, the Managing Director of the Nigeria Ports Authority (NPA), Dr `Abubakar Dantsoho said, “On this historic day, the entire maritime community in Nigeria and beyond celebrates with immense pride as Nigeria officially qualifies for election into Category C of the Council of the International Maritime Organisation. This remarkable achievement is a testament to the visionary leadership, unwavering commitment to global best practices, and tireless efforts of the Minister of Marine and Blue Economy, Gboyega Oyetola, and the dedicated Heads of Agencies under the Ministry.”

Joining the IMO Council in Category C, he added, places Nigeria among the world’s leading maritime nations, “amplifying our voice in shaping global maritime policies, safety standards, security, and environmental sustainability. It is a well-deserved recognition of Nigeria’s strategic importance as the maritime hub of West and Central Africa and the giant strides made in port efficiency, trade facilitation, and blue economy development. I heartily congratulate the minister for the outstanding commitment to placing Nigeria firmly back on the global maritime map. Nigeria has spoken boldly on the global stage, and today, the world is listening. Once again, heartfelt congratulations to the minister and the Federal Republic of Nigeria on this outstanding milestone!”

AMATO Celebrates Victory

In the same vein, the Association of Maritime Truck Owners (AMATO), congratulated Oyetola, and the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, and the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dayo Mobereola on Nigeria’s welldeserved election into the Category ‘C’ Council seat of the IMO.

In a statement signed by AMATO President, Remi Ogungbemi, he said “This remarkable achievement—secured with an impressive 116 votes after fourteen years of consistent effort—stands as a testament to the visionary leadership, strategic diplomacy, and relentless commitment of the Ministry and the NPA management towards repositioning Nigeria as a leading maritime nation.

Oyetola

Mobereola

Award Season Reflects SROL’s Deepening Commitment to Responsible Mining in Nigeria

Ijeoma Ohiaeri

As 2025 draws to a close, Segilola Resources Operating Limited (SROL) finds itself in an unexpected yet meaningful position: being recognized across multiple platforms for its approach to mining. These honours – which span human resources excellence, community impact, engineering advancement and labour practices – represent a validation of a fundamental belief that has guided SROL’s operations from the onset: mining must create value that extends far beyond just the extracted minerals.

Each award tells a specific story about what responsible mining can achieve when operators commit to transparency, community partnership and sustainable development from day one.

The diversity of SROL’s recent accolades reveals something significant about the company’s operational philosophy. When a mining company receives the Award of Excellence for Upholding the Principle of Decent Work from the Federal Ministry of Labour and Employment – reportedly the first of its kind in Osun State - alongside the HR OSCAR Award for HR Best Practices in the Mining Industry by the Chartered Institute of Personnel Management (CIPM), it signals a comprehensive approach to people management that is rare in the sector. These honours, complemented by the Community Development Champion of the Year award by CSR Reporters at their Social Impact and Sustainability Awards (SISA) and the Distinguished Corporate Award from the Nigerian Society of Engineers (Ilesa branch), paint a picture of an organization working systematically across every dimension of responsible operations.

What makes this recognition

season particularly meaningful is not the volume of awards, but what they collectively represent: acknowledgement from labour authorities, professional bodies, civil society and engineering institutions that a different model of mining is possible.

The honours bestowed upon SROL throughout 2025 reflect measurable commitments that have translated into tangible community impact. When over 200 women receive intensive business and digital skills training, when more than 3,000 people access quality healthcare through annual comprehensive medical outreach, when youth innovators receive over N1.6 million to develop solutions addressing illegal mining - these

initiatives demonstrate that community development is not peripheral to SROL’s operations but central to them.

The weight of its first mover advantage and position in Nigeria’s mining industry is not lost on SROL, the company carries a unique responsibility.

The standards it sets – in labour practices, community engagement, environmental stewardship and transparency – will serve as a benchmark influencing other players entering the mining industry. This recognition season suggests that those standards are resonating.

Recognition is validating, but it is not the destination. For SROL, these awards mark milestones in a longer journey toward building

an enduring mining legacy that genuinely uplifts host communities and sets new benchmarks for responsible resource extraction in Nigeria.

The mining sector’s transformation from pure extraction to sustainable development requires operators who understand that value creation must be inclusive, that communities must have tangible benefits from mining company operations, and that environmental responsibility and economic progress are not competing priorities but complementary imperatives.

SROL’s recognition across such diverse areas – from labour practices to community development, from HR excellence to engineering contribution – suggests the company is operationalising this integrated approach. The real test, however, lies not in awards received but in lasting impact created: empowered host communities, strengthened local economies, preserved environments and a mining sector that serves as a model.

As Africa’s resource-rich nations navigate the complex challenge of leveraging natural wealth for broadbased development, examples of responsible mining become increasingly critical. SROL’s award season offers evidence that when mining operations commit to transparency, partnership and long-term community prosperity, recognition follows naturally – not as the goal, but as the byproduct of doing the work that truly matters.

The honours bestowed upon SROL throughout 2025 are not endpoints. They are markers along a continuing journey toward proving that mining can be a genuine force for sustainable development, inclusive growth and shared prosperity. That journey, far more than any award, will define the company’s ultimate legacy.

• Ijeoma Ohiaeri is the Head Corporate Affairs, Segilola Resources Operating Limited

UBA Partners Lions Group, Wakanow for ‘Detty Side’ Campaign

Nume Ekeghe

United Bank for Africa (UBA), has announced a strategic partnership with the Lions Group, a leading entertainment and lifestyle company, targeted at delivering exclusive benefits to customers and Nigerians as part of the highly anticipated ‘Welcome to the Detty Side’ festive campaign.

This collaboration which will offer premium entertainment experiences throughout the festive season, is designed to provide unrivalled value to customers and visitors coming in from overseas. Speaking during the signing

of the Memorandum of Understanding (MoU), Group Head, Marketing & Corporate Communications, Alero Ladipo, emphasised the bank’s commitment towards rewarding its customers with unique and memorable experiences, noting that, “UBA is always seeking innovative ways to add unequalled value to our customers at all times, especially during key moments of celebration like the festive season.

“Our partnership with the prestigious Lions Group allows us give them premium value at a time most needed, by granting our customers, and would-be customers exclusive access to some of

the most sought-after beach destinations and concerts in Lagos.”

Vice President, Strategy and Growth, Lions Group Africa, Adebayo Abe, said: “At Lions Group, we are relentlessly committed

to deepening value for our customers, through innovative and secure digital payment solutions that guarantee unmatched satisfaction for Nigerians particularly during this yuletide when Nigerians

in diaspora are looking to have an unforgettable Detty December experience when they return.”

Also speaking, Vice President, Wakanow, Gbolahan Salami, added that the partnership with

a dependable bank like UBA is one that we are excited about as it will create an effective medium where we are able to reach a greater number of people and serve them seamlessly.

NCSP, PICTT Sign MoU to Strengthen Technology Transfer

The Nigeria–China Strategic Partnership (NCSP) and the Presidential Implementation Committee on Technology Transfer (PICTT) have signed a Memorandum of Understanding (MoU) to deepen cooperation in technology transfer, industrial development, and strategic investment facilitation.

The signing ceremony was attended by the

NCSP Director-General, the leadership of PICTT, led by its Chairman, Dr. Dahiru Mohammed and Special Adviser to the President on Industry, Trade and Investment, Mr John Uwajumogu. Also in attendance were the leadership team of PICTT and NCSP.

Speaking at the event, Mohammed emphasised

that technology transfer and strong local content participation are essential to the successful execution of national infrastructure and industrial projects.

He noted that while the MoU marks a major milestone, the core of the partnership will be defined by coordinated implementation beginning immediately.

NCSP’s Head of International Relations, Ms Judy Melifonwu, reaffirmed that the MoU is expected to help unlock significant benefits for Nigeria, including increased access to advanced Chinese technology, expanded STEM-focused scholarships and technical training opportunities, enhanced mechanisms for strategic investment identification.

Ijeoma Ohiaeri

A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange. A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA:

Date: All fund prices are quoted in Naira as at 03 December 2025, unless otherwise stated.

Offer price:

‘AMCON Has Repaid N3.6tn to CBN, Achieves Over 87% Recovery Performance’

Nume Ekeghe

The Managing Director and CEO of the Asset Management Corporation of Nigeria (AMCON), Mr. Gbenga Alade, has announced that the corporation has repaid about N3.6 trillion to the Central Bank of Nigeria (CBN) since its creation in 2010.

Speaking at a media parley in Lagos, Alade highlighted AMCON’s impressive debt recovery record, noting that the corporation has achieved over 87 per cent recovery based on the balance at purchase.

He described this as a performance that surpasses many government-owned asset management corporations worldwide, despite Nigeria’s notoriously difficult debtrecovery environment.

Alade explained that AMCON initially paid N1.7 trillion to acquire toxic assets

from banks. Since then, it has repaid N3.6 trillion, though it still owes about N3 trillion. He emphasized that the corporation’s intervention helped stabilise the banking sector by removing toxic assets from balance sheets and injecting fresh funds, in line with global insolvency restructuring principles.

According to him, this approach restored depositor confidence, ensured banks could meet their obligations, and allowed AMCON to manage the acquired Eligible Bank Assets (EBAs) until disposal.

Alade said: “As part of our recovery strategy, we have commissioned some foreign asset tracers who will help us locate where some of these obligors have hidden their assets across the globe.”

Speaking on the financial performance of the corporation since he assumed duties as the helmsman, he said the

corporation recorded total revenue of 156.25 billion and total operating expenses of N29.04 billion, remarking that total operating revenue/ revenue ratio was 19 percent.

Alade said projected total revenue for 2025 will be N215.15 billion while projected total operating expenses will be N29.06 billion with total operating/revenue ratio will be in the region of 13.5 per cent.

“It is important to stress that the corporationhas done tremendously well, especially when compared to other notable governmentowned Asset Management Corporations around the world. Based on the balance at purchase, AMCON outperformed other Asset Management Corporations all over the world by achieving over 87% in recoveries despite the unique challenges associated with debt recovery in Nigeria.

Golden Terra Oil Voted Most Preferred Healthy Cooking Oil

Golden Terra Oil’s journey has always been about more than producing high-quality, heart-friendly cooking oil. It has been about empowering consumers with knowledge, helping families make healthier choices, and inspiring a culture of conscious eating. That passion was reflected at the 2025 Consumer ValueAwards, where Golden Terra Oil emerged as the Most Preferred Healthy Cooking Oil with 72% of total votes, a recognition that speaks to both product excellence and the trust built through consistent consumer education.

The honour began with an open call for Nigerians to nominate the brands they

truly value. Across markets, households, and online communities, consumers put forward Golden Terra Oil, recognising its commitment to health and its dedication to guiding them toward better eating habits. When voting opened to the public for more than two months, thousands cast their votes. In a category filled with strong competitors, Golden Terra Oil surged ahead with a significant 72% clear evidence that consumers deeply believe in the brand.

A core driver of this trust is the brand’s commitment to helping consumers understand how their daily food choices affect their wellbeing. Golden

Terra Oil has consistently educated consumers through content, expert partnerships, and health-focused conversations.

According to the Chief Marketing Officer, TGI Group, Probal Bhattacharya, “With Golden Terra, we don’t just create heart-friendly cooking oils; we also educate our consumers on making heart-healthy choices. We continually strive to help Nigerians understand the importance of good nutrition in their daily routines, making sure every product we offer is a step toward better health. It’s rewarding to see that they recognize these efforts and voted for us.”

Eniolorunda Visits SAIL Innovation Lab, Applauds Senator Abiru

Sunday Ehigiator

The Founder and Chief Executive Officer of Moniepoint, Tosin Eniolorunda, on Monday visited the SAIL Innovation Lab in Ikorodu, Lagos, where he lauded the facility’s world-class standard and commended the co-founder of SAIL Empowerment Foundation, Senator Mukhail Adetokunbo Abiru, for his commitment to youth development in Lagos East.

During an interactive session with participants, Eniolorunda described the SAIL Innovation Lab as “a

world-class facility whose infrastructure and faculty meet global standards.” He emphasised that technology, digital skills, and innovation now constitute the defining currency of the modern world, urging young Nigerians to seize the vast opportunities within the tech ecosystem.

He noted the increasing global demand for tech talents and encouraged youths to stay focused, disciplined, and dedicated to continuous learning. According to him, Senator Abiru has provided “one of the best platforms for young people in Lagos East to maximise their potential

and compete globally.”

Also speaking, the Senior Special Assistant to the Governor of Lagos State, Opeyemi Alabi, praised the foresight behind the SAIL Innovation Lab, noting that the initiative reflects deep commitment to sustainable development.

In his remarks, Senator Abiru congratulated Eniolorunda on his accomplishments in the technology space, particularly his role in transforming Moniepoint into a globally recognised unicorn. He expressed gratitude for the inspiration Eniolorunda provided to the trainees at SAIL.

Golden Penny Rewards 6,000 Consumers

The Golden Penny 65th Anniversary Buy & Win National Consumer Promotion continues to transform the lives of many homes and families in Nigeria.

Loyal consumers of Golden Penny Foods Ltd are being rewarded weekly with life-changing prizes, including financial support, gas cookers, washing machines, televisions, kitchen makeovers with Golden

Penny Food Products, and brand-new cars.

Since the campaign kicked off, tens of thousands of entries have been recorded nationwide through purchases of specially marked Golden Penny products.

So far, over 6,000 winners have emerged during the weekly live draws. At the same time, six lucky consumers from Ekiti, Taraba, Lagos, Enugu, Kogi,

and Osun states have each driven home a brand-new car courtesy of the promo.

Speaking on the progress of the campaign thus far, the Brand Manager, Ball Foods, Golden Penny Foods Limited, Mr Caius Johnson-Bezi, said, “We established more than 300 active redemption centres nationwide and multiple support channels to ensure ease of access and redemption for our consumers during the campaign period.

Saharan Blend

Djeno

(Gabon), Iran Heavy (Islamic Republic

Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

L-R: Head, Fixed Income Trading, First City Monument Bank (FCMB), Mr. Michael Okorie; Group Head, Treasury Dealing, Mr. Ayodeji Durojaiye; Executive Vice Chairman, Business Development, FMDQ Securities Exchange Limited, Ms. Jumoke Olaniyan; Divisional Head, Treasury & International Banking, FCMB, Mr. Gerald Ikem; Head, Foreign Exchange Trading, Mrs. Oluwakemi Olowu and Head, Asset and Liability Management of the Bank, Mr. Ayokunle Kunle-Salami, during the presentation of the FMDQ Gold Award in the Member Compliance category to FCMB in Lagos recently.

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Kayode Tokede

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission (SEC), marking another significant expansion of its product suite in a year defined by accelerated innovation. This development deepens Nigeria’s short-term

debt market and reinforces NGX’s role as a versatile hub for capital formation.

The new listing window, the NGX said in a statement, enables corporates and issuers to list and trade both conventional and noninterest commercial papers directly on the Exchange, providing investors with enhanced visibility, increased transparency and improved liquidity. It also advances

NGX’s broader strategy of diversifying its offerings and strengthening the architecture of the domestic capital market.

Commenting on the launch, Group Managing Director and CEO of NGX Group, Temi Popoola, commended the Securities and Exchange Commission for its commitment to enabling market advancement and fostering healthy competition across the ecosystem. He

stated: “The introduction of Commercial Paper listings is a pivotal step in our strategy to position NGX as a comprehensive capitalmarkets infrastructure that accelerates capital formation across Africa. As we continue strengthening the foundations of a transparent, technologydriven and inclusive marketplace, our focus remains on building a system that supports sustainable growth,

enhances market resilience and unlocks new opportunities for the broader economy.”

Commercial Papers (CPs) are short-term, unsecured debt instruments issued by corporates to finance working capital needs and other shortterm obligations. Typically maturing within 270 days, CPs are issued at a discount and redeemed at face value upon maturity offering corporates a cost-effective alternative to

bank loans and providing investors with attractive short-term investment opportunities. Also speaking on the development, CEO, Nigerian Exchange Limited, Jude Chiemeka, stated: “The introduction of Commercial Paper listings represents a major advancement in our mission to provide a full spectrum of capital-raising solutions for businesses.

POLITY

Tinubu’s First Two Years: Twelve Gains, Twelve Gaps

Princess G. A. Adebajo-Fraser

Two years into the administration of President Bola Ahmed Tinubu, Nigeria is undergoing a phase of reform more far-reaching than anything seen in the past decade. Whether Nigerians welcome the pace or feel crushed by the transition, one thing is obvious: this government has gone straight for structural issues that many of its predecessors dodged.

Fuel subsidy gone. FX windows unified. Revenue reforms pushed. Security funding ramped up. The result is a mix of bold decisions, painful adjustment, renewed international interest—and an increasingly impatient population struggling under inflation and hardship.

Tinubu came into office with just 36.3% of the vote—the lowest winning share of any president in the Fourth Republic. Rather than play safe and chase popularity, he chose a reformer’s path. That courage is real. But so are the implementation gaps, the communication failures and the perception that ordinary people have been left to carry too much of the burden.

This piece captures both sides of the ledger in one place:

Twelve key achievements reshaping Nigeria, and

Twelve critical areas where the government could have done far better.

PART I – The 12 AchIevemeNTS oF

RePoSITIoNINg NIgeRIA UNdeR

PReSIdeNT TINUBU

1. Ending Distortions: Fuel Subsidy Removal & FX Unification

The removal of the petroleum subsidy and the unification of Nigeria’s multiple FX windows are the defining economic interventions of this administration. They freed up massive fiscal resources and ended opaque arbitrage that enriched middlemen and punished real producers. Painful in the short term, yes—but structurally unavoidable if Nigeria is to stop bleeding.

2. A Stronger Fiscal Base Through Revenue Expansion

For decades, Nigeria behaved like an oil-dependent patient on life support. Tinubu’s team has pushed a shift: better tax administration, digital revenue systems and an expanded non-oil tax base. With the tax-to-gdP ratio rising and debt-service pressure easing, the country is moving—slowly—towards a more sustainable fiscal footing.

3. Reserves and External Accounts Gaining Stability

After prolonged pressure, signs of stabilised FX reserves and improved balance-of-payments performance have emerged. This has boosted Nigeria’s credibility with multilateral lenders and global markets and laid a firmer base for foreign investment and external financing.

4. Returning the Economy to Growth

despite inflation and heavy adjustment costs, gdP growth has edged upward from earlier stagnation. Investment interest is reappearing, capital projects are reopening and the economy is recalibrating around more honest prices

and a more transparent FX regime. It is not a boom, but it is a shift away from drift.

5. Wider-Reach Social Investment

millions of vulnerable Nigerians are now on expanded, digital cash-transfer and household-support schemes. The focus on electronic, direct-to-beneficiary delivery marks a break from old patronage-heavy models of welfare. Targeting and transparency are still issues—but the basic architecture is more people-centred than before.

6. Modernising Education: Loans, Curriculum & Digital Exams

education reforms are among the most significant in years:

A national student-loan scheme opening access for young Nigerians shut out by cost.

curriculum upgrades aimed at employability and digital literacy.

digital transformation of exam bodies to reduce malpractice and speed processes.

For once, human capital is being treated as a strategic investment, not a talking point.

7. Infrastructure Revival & Regional Development

The Lagos–calabar coastal highway is the signature infrastructure project, but the agenda is broader: regional development commissions across all six geopolitical zones to balance investment beyond the usual Lagos–Abuja corridor. In aviation, key airports are being upgraded, improving safety, connectivity and ease of travel for business, tourism and the diaspora.

8. Security Gains in Previously Volatile Areas

Nigeria is far from secure, but some former flashpoints have improved. Parts of Southern

Kaduna, Niger, Kogi and Benue have seen roads reopen and farmers return to previously abandoned lands. community-based peace structures across over 120 LgAs are anchoring these improvements. A record defence budget and reforms aimed at stopping jailbreaks signal a more serious posture than in the past.

9. Innovative Healthcare: Youth Health Ambassadors & PHC Upgrades

The health Fellows/Ambassadors programme has deployed hundreds of young health workers nationwide, strengthening primary healthcare while creating jobs. combined with Phc upgrades, expanded health insurance and new specialist centres, the sector is finally seeing targeted, youth-driven innovation rather than endless rhetoric.

10. A Surging Digital Economy and Cleaner Public Systems

Nigeria’s digital economy is booming: Remote global jobs, fintech and online entrepreneurship are expanding. Reforms in customs, Ports, Shipping and oil & gas are chipping away at corruption and delay.

Immigration has moved towards digital processes, including modern passport production and electronic airport systems. This quiet digital revolution—public and private—is improving productivity and income opportunities, especially for younger Nigerians.

11. Renewed Global Standing & Foreign Investment Attraction

Nigeria is back on serious global economic and diplomatic tables—from g20 engagement spaces to AU–eU dialogues and bilateral investment tracks. countries like Brazil, china and Russia are exploring or deepening strategic ties, attracted by Nigeria’s gas reserves, mineral resources and consumer market. december 2024’s “detty december” positioned Nigeria as a major festive tourism hotspot, pulling

in visitors and foreign exchange. The catch is clear: to fully benefit from this renewed interest, insecurity must be tackled far more decisively.

12. Diversification Through Agriculture & Solid Minerals

New agro-processing initiatives and reforms in solid-minerals governance are pushing Nigeria away from crude oil dependence. If properly executed and secured, these changes could shift the economy from raw commodity exports to value-added processing—creating jobs, building resilience and reshaping the growth model.

PART II – TWeLve ThINgS PReSIdeNT TINUBU coULd hAve doNe BeTTeR IN hIS FIRST TWo YeARS

1. A Softer Landing on Fuel Subsidy Removal

The fuel subsidy removal was economically right but socially brutal. There was no phased plan, no clear timeline, no substantial prior cushioning. Prices jumped overnight; safety nets arrived late and thin. A staged removal, backed by temporary transport support and targeted energy subsidies for the poorest, would have reduced the shock.

2. Poor Communication of Economic Reforms

For a president elected with only 36.3% of the vote, communication should have been a central survival strategy. Instead, Nigerians often encountered major reforms as breaking news, not part of a clearly explained national roadmap. A professional Perception management strategy—like those proposed by the National Patriots—and regular national media engagements involving the President, vice President, ministers, security chiefs and governors should have been standard from day one.

President BolaTinubu

Vice President Kashim Shettima

ISIMI Polo Festival Showcases the Future of Sustainable Living

In the heart of epe, Lagos, a new era of luxury and sustainability was unveiled at the ISImI Polo Festival. The festival, held at the serene eco-living destination of ISImI Lagos, was a celebration of sport, culture, food, and lifestyle. With its stunning polo field, world-class amenities, and breathtaking natural scenery, ISImI Lagos provided the perfect backdrop for an unforgettable experience. Writes

MArY NNAH

The sun was shining brightly over the serene eco-living destination of ISIMI Lagos, a tranquil oasis nestled in the heart of Epe. The air was alive with the sound of horses’ hooves pounding the ground, signaling the start of the ISIMI Polo Festival, a celebration of sport, culture, food, and lifestyle.

The festival was a showcase of ISIMI Lagos’ commitment to architectural excellence, wellness-driven lifestyle, and nature-integrated spaces.

The festival was officially flagged open by the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, who expressed his gratitude to the organisers and partners of ISIMI Lagos, highlighting the project’s significance in redefining the future of the city.

Commending the visionary founder of Isimi Lagos, Mr. Olawale Ayilara, Governor Sanwo-Olu praised the development, saying it was a milestone in the state’s history and a demonstration of Lagos State’s vision for a better Lagos.

He noted that the entire corridor was set to become a development hub, with Lagos Film City and Lagos Lake Airport included in the vision.

“This entire corridor is set to become a hub for development, with the Lagos Film City, Lagos Lake Airport, and more. Isimi Lagos has taken the first step in redefining the future of our city”, he said.

The Governor also thanked everyone involved in making the event a success and encouraged guests to enjoy the beauty and freshness of Lagos.

Following the Governor’s speech, Mr. Olawale Ayilara, Founder & CEO of LandWey Investment Ltd, developers of Isimi Lagos, shared his vision for the project.

“The intentionality behind the Isimi Lagos vision is creating a city of the future that harmonises with nature, wellness, and sustainable luxury,” he said.

“Isimi Lagos stands at the intersection of luxury and long-term value, with worldclass features including a polo field and equestrian center, helipad and jetty for air and water access, forest café, wine cellar, and farm shop, a British-curriculum school and medical center, and secure titled plots with flexible payment options.”

He highlighted the estate’s membership model, which gives subscribers exclusive access to curated experiences and ownership benefits.

Strategically located in Epe, one of Lagos’ fastest-growing corridors, Isimi Lagos offers investors exceptional appreciation potential, anchored by infrastructural expansion, including the Lekki-Epe Expressway, Alaro City, and the future Fourth Mainland Bridge.

As the guests began to arrive, the atmosphere was electric. Jubril Arogundade, Executive Director of CIG Motors and Acting Managing Director of LAGRIDE Nigeria Ltd, was among the esteemed guests who graced the event.

“This is an amazing facility,” he exclaimed, “and we believe that in the future, our brands will be looking into doing events here.” He was particularly impressed by the polo event, noting that it was taking the sport to another level.

“The Lagos Polo Festival is an event that we have participated in over time, but what I am seeing here today is extraordinary.”

Arogundade’s enthusiasm was palpable as he discussed the potential for polo in Nigeria. “Golf is a very popular sport in Nigeria, and polo is also very popular. But I will say that this event is taking polo as a sport to another level”, he said.

He saw immense potential for the sport, not just for enthusiasts but also for sponsors and businesses looking to tap into the high-end market. “We’ll not just see fans of polo come to enjoy the event, we’ll see different people from different walks of life coming here to experience what’s going on,” he predicted.

When asked about his initial thoughts upon being invited to the event, Arogundade mentioned the distance from his location in Ikoyi. However, he praised the Lagos State Government’s efforts in improving infrastructure, particularly the coastal road, which made the journey more manageable.

“All thanks to the government, with the alternative we have, which is the coastal road, it made the journey a bit shorter for us,” he said. He also expressed his hope for future infrastructure development, such as a train connection to the area, which would further enhance accessibility.

For Arogundade, the event was not just about polo; it was about networking and building relationships. “For me, this means home because I’m also somebody that’s trying to connect myself with the high-level individuals,” he said. “And everybody that I’ve been trying to reach out to for business is here for me.”

He had already had productive conversations and was looking forward to sealing deals.

Ambassador (Dr.) Samuel Abiola Jacobs, MD of the Luxury Network Nigeria, was also in attendance. As a man who appreciated luxury and exclusivity, he was thrilled to be a part of the festival.

“It’s not my first time being at ISIMI Lagos,” he said, “but it is my first time coming to the festival. I’m very pleased to be here.” When asked about the adoption of polo, a sport often associated with Western culture, he replied, “Polo is a game for kings. We are very rich in our heritage, having monarchies, royal fathers, and royal families here in Nigeria. So, to bring it home, it just makes sense that we have our own here celebrating the King’s Cup today.”

Jacobs emphasised the importance of showcasing the positive aspects of Nigeria, especially during challenging times.

“Honestly, it’s a difficult time right now with everything that’s going on in the country, especially in different parts of Nigeria,” he acknowledged. “But we also want to send a clear and positive message to the world that it’s not all doom and gloom in Nigeria.”

He praised the Lagos State Governor for his support of development, lifestyle, and cultural creativity, saying, “He is putting Lagos and Nigeria on the map, internationally as well.”

The festival was not just about polo; it was a celebration of culture, food, and lifestyle.

Juliet Ibrahim, a Ghanaian actress, film producer, influencer, and singer, was captivated by the experience.

“I’m here today at Isimi Lagos, and I’m here to experience this beautiful festival. And for me, it’s all about the culture, it’s about experience, “ she said. She was impressed by the facilities and the potential for tourism in the state. “With events like this and with facilities and institutions like this, it

really helps every country and every city tourism,” she noted, adding, “And I think it’s major because, as I said earlier, like driving into this place, it shows how much we have in Lagos.”

Ibrahim’s experience at the festival was multifaceted. She enjoyed the polo match, the fashion, and the music. “I’m looking forward to seeing the fashion show,” she said. “Hearing the great music that’s about to be played for us, just everything. The experience, the fashion sense, as you can see.”

She also highlighted the importance of showcasing the beauty and potential of Lagos and Nigeria as a whole.

“I think it’s about time that we start finding what we have and making the world know and see through our own eyes,” she emphasised.

As the day unfolded, the festival showcased the perfect blend of luxury, sport, wellness, and nature. From polo matches to farm-to-table dining, cultural and wellness experiences, there was something for everyone.

The event demonstrated ISIMI Lagos’ commitment to creating a unique lifestyle experience that would attract luxury buyers, wellness seekers, and global property investors.

The festival’s objective was to unveil and spotlight ISIMI Lagos as Africa’s leading sustainable luxury community, and it achieved just that.

As the sun set over the polo field, the guests were left in awe of the beauty and elegance of ISIMI Lagos. The festival was a resounding success, and it would be exciting to see what the future holds for this luxurious eco-living destination.

In the end, the ISIMI Polo Festival was more than just a sporting event; it was a celebration of Nigerian culture, luxury, and community. It brought together people from different walks of life, providing a platform for networking, entertainment, and appreciation of the finer things in life. As the guests departed, they carried with them memories of a truly unforgettable experience and the anticipation of the next ISIMI Polo Festival.

Lagos State Governor, Mr. Babajide Sanwo-Olu, flags open the ISIMI Polo Festival as guests cheer him on

Founder & CEO of LandWey Investment Ltd, Mr. Olawale Ayilara (3rd from left), flanked by guests at the event

Polo players showcase skill and strategy in action-packed game moments

Colours of Nigeria: How Pinnacle’s TGIF Brought Culture, Unity, Joy to the Workplace

When Pinnacle Oil and Gas Limited’s headquarters came alive recently, it was with the sights, sounds, and flavours of Nigeria. Staff adorned in traditional attire from every region danced, sang, and shared meals, turning the office into a vibrant celebration of heritage. Uzoma Mba writes that the “Rep Ya Culture” TGIF united colleagues across departments and backgrounds, sparking laughter, camaraderie, and a joyful reminder that Nigeria’s diversity is a source of strength and connection, even at work

Imagine walking into the corporate headquarter of one of Nigeria’s leading downstream oil and gas companies and being welcomed by a receptionist dressed in full Idoma regalia: A vibrant wrapper, blouse, and headscarf crafted from the iconic red-and-black striped Atu fabric.

Just beside her, her assistant, a lightskinned lady from Enugu, steps forward with a warm smile, adorned in a colourful blouse, double wrappers, a carefully tied head-tie, and striking coral beads that complete her traditional look.

Up into the elevator, you go, and in the office areas you are warmly received by staff dressed in a kaleidoscope of colours representing various tribes and ethnic groups. This was the scene at Pinnacle Oil and Gas Limited’s headquarters on November 7.

The usually formal office came alive with a riot of traditional colours, laughter, music, and mouth-watering aromas as employees gathered for their last Thank God It’s Friday (TGIF) event of the year.

Themed “Rep Ya Culture” (a playful but powerful call to “Represent Your Culture”) the event was designed to immerse staff in a celebration of Nigeria’s rich cultural heritage expressed through fashion, dance, art, food, and a vibrant showcase of traditions.

Anticipation began building long before the date arrived. Once the theme was announced, the excitement moved through the organisation like a wave.

Employees were grouped into four regional clusters—North, South-East, South-South, and South-West—yet not according to their origins. Some staff from the South-East found themselves representing the South-South; some from the South-South landed in the Northern group. The beauty of the mix was that everyone embraced the challenge.

Very quickly, the office transformed into a hub of cultural discovery. Staff watched videos, practised traditional greetings, learned new dance steps, and even rehearsed chants and songs in unfamiliar languages.

One staff member from Akwa Ibom, assigned to the Northern team, particularly stood out. Laughing as he explained his journey, he shared how he had spent days learning Hausa praise songs while his teammates perfected cultural gestures they had never used before.

The camaraderie that blossomed through this process was unmistakable. Teams bonded over discussions about attire, food preparation, rhythms, and choreography. Teams that typically focused on data, spread sheets, designs, logistics, finance, or engineering were suddenly animated by conversations about cultural symbolism and the perfect way to tie a gele or arrange coral beads. It became clear that this TGIF would be one to remember.

Cultural Explosion on D-Day

When the day finally arrived, the designated hall was almost unrecognisable. Colourful drapes lined the walls, symbolic props filled the aisles, and backdrops glowed with artwork inspired by Nigeria’s regions. Staff arrived in a stunning range of outfits: flowing agbadas, isiagu tops, wrappers, oversized gele headties, embroidered babanriga robes, sparkling ankletsand coral beads. The group from the South-South even came with a masquerade adorned with an Afikpo mask!!! A staff member whispered in admiration, “I didn’t know people in this office owned these kinds of outfits.”

The event began with cultural showcases from each regional team.

Performances included traditional songs, short historical narrations, beautifully synchronised dance steps and theatrical displays that captured the soul of Nigeria’s ethnic heritage.

Judges watched closely as teams delivered their rehearsed routines, with every dance step calculated and every chant delivered with confidence. Even when missteps occurred, laughter and cheers filled the room.

The fashion parade followed, adding even more colour to an already vibrant event. Employees walked the stage with grace and humour: Some like runway models, others in full traditional characters.

An “Oba” emerged in full royal splendour, followed by a regal “Emir,” and then a beautifully staged traditional wedding scene from the South-South. Yet, the true showstopper of the day came when the food presentations began.

When Nigeria Served Its Best

Each team presented a spread of delicacies from their assigned region, turning the hall into a culinary festival. The South-South team offered bowls of rich banga soup, starch, Ekpang Nkukwo, roasted plantain, and fisherman soup.

The South-West team displayed steaming amala with ewedu, gbegiri, and slabs of assorted meats. The South-East table brimmed with abacha, oha soup, akpu, pepper soup and roasted yam. The Northern table drew a large crowd with suya, masa, fruits, kunu, and fragranced grilled goat and ram meats prepared live by a mai suya: A ram and goat had actually been procured, just for this occasion.

As the aromas filled the air,

competition dissolved into sheer delight. Employees flowed from table to table, sampling dishes they had never tasted before. Staff members from the South-West excitedly tried fisherman soup, some for the first time, while colleagues from the East savoured fresh, spicy suya. Plates clattered, laughter spread, and stories filled the air.

Where Culture Meets Purpose

While the festivities were captivating, they also reflected Pinnacle’s deeper organisational culture—one that values people, diversity, and balance.

“As an organisation, we believe in work-life balance,” said Mrs. Mabel Akinniranye, Head, Human Resources. “This TGIF edition is particularly special because every team went the extra mile to express pride in their cultural heritage. It’s been beautiful, educational, and inspiring.”

Her words captured the heart of Pinnacle’s cultural ethos. At Pinnacle, diversity is not merely acknowledged; it is embraced, nurtured, and celebrated. With employees drawn from all corners of Nigeria, the company embodies the nation’s multicultural richness.

A Mirror of Nigeria’s Spirit Nigeria is one of the world’s most culturally diverse nations, and the TGIF celebration reflected that complexity and beauty. Many employees noted that the event expanded their understanding of colleagues’ backgrounds, deepening mutual respect. The occasion became a reminder that unity thrives where diversity is celebrated.

As Pinnacle intensifies the expansion of its retail footprint across Nigeria, its spirit of unity in diversity shines daily. The TGIF celebration simply made it visible in full colour.

South East Group displaying culture through dance

South South reenact a traditionally marriage ceremony

Northern group rally around their leader

South West Group displaying culture through dance

VISIT OF THE LIBERIAN NDMA DELEGATION TO NEMA HEADQUARTERS...

L–R: Director, Human Resource Management, National Emergency Management Agency (NEMA), Dr. Umesi Emenike; Director, Disaster Risk Reduction, NEMA, Dr. Ishaya Isah Chonoko; Director-General, NEMA, Mrs. Zubaida Umar; Executive Director, Liberian National Disaster Management Agency (NDMA), Hon. Ansu Dulley; ECOWAS Early Warning Centre Expert, Prof. Mansur Bako-Matazu; and Programme Management Officer, United Nations Disaster Risk Reduction Office, Nigeria, Mr. Mulira Mashauri, during the visit of the Liberian NDMA delegation to NEMA Headquarters in Abuja, yesterday

FG to Extend Social Protection to 60 Million Nigerians in Informal Economy

Onyebuchi Ezigbo in Abuja

Minister of Labour and Employ- ment, Dr. Mohammed Dingyadi, has disclosed plans by the federal government to extend social protection coverage to over 60 million Nigerians working in the informal economy, as part of efforts to strengthen and safeguard livelihoods and reduce vulnerability among low-income households.

A statement signed by Head of Press and Public Relations, Annah Daniel, said the minister made the disclosure in Abuja during a two-day national dialogue on expanding social protection to informal workers.

Dingyadi said the federal government was taking concrete steps to address decades of exclusion affecting millions of Nigerians who earn a living in markets, farms, workshops, roadside enterprises, and other informal settings.

He pointed out that in many developing nations, especially in Sub-Saharan Africa, the informal economy constituted the lion’s

share of the workforce, stating that Nigeria is no exception.

“Today, we write a new chapter in our collective journey to give dignity, inclusion, and protection to the over 60 mil- lion Nigerians who make up our informal economy,” the minister stated.

Dingyadi said by some

estimates, more than 65 per cent of Nigeria’s employed population worked outside of formal contracts and formal protections.

He said, “These are our traders in open markets and kiosks, farmers and fisherfolk, transport workers, okada riders, keke drivers, tailors, artisans,

vulcanisers, domestic workers, caregivers, street sweepers, digital freelancers, and millions more who contribute daily to our economy

“Yet these workers are too often excluded from pensions, health insurance, maternity protection, unemployment relief, workplace injury compensation,

and access to finance, we cannot build a just equitable, or resilient Nigeria when such a large portion of our workforce is left vulnerable he mentioned.”

Earlier, in her welcome address, Minister of State Labour and Employment, Hon. Nkeiruka Onyejeocha, who was represented by Director Productivity Measure-

ment and Labour Standards, Mr. Emmanuel Igbinosun, said the presence of stakeholders at the national dialogue spoke to the ministry’s unwavering com- mitment to safeguarding the well-being of every worker, especially those in the informal sector who formed the heartbeat of Nigeria’s economy.

NAPTIP Partners ICMPD to Build Capacity for Investigators, Prosecutors

Olugbode

Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Binta Bello, has revealed that the complexity of human trafficking, coupled with the evolving nature across the country requires expertise and diligent skills for investigation and prosecution that will enable them to outsmart the antics of the traffickers.

She stated this in Lagos while declaring open a capacity-

building workshop for NAPTIP Investigators and Prosecutors, as well as related enforcement agencies, on Trafficking in Persons (TIP) and Violence Against Persons (VAP).

This workshop is organized by the International Centre for Migration Policy Development (ICMPD) in partnership with NAPTIP, with support from the Ministry of Asylum and Migration of the Kingdom of the Netherlands under the Building and Environment Free of Human Trafficking and

Remo Obas Adopt Empowerment Project as Credible Economic Drive for Women

James Sowole in Abeokuta

Monarchs under the aegies of Remo Council of Obas have adopted the Nigeria for Women Project Scale-Up (NFWP-SU) as a credible economic initiative for women at the grassroots, pledging full support and committing to widespread sensitisation across the Remo communities.

The endorsement was made during the Council’s meeting held at the Palace of

the Akarigbo and Paramount Ruler of Remoland, Oba Babatunde Adewale Ajayi.

The Council, which has over 30 traditional rulers at the meeting, declared their readiness to mobilise women in their domains to form affinity groups and take advantage of the project’s empowerment opportunities.

The monarchs described the NFWP-SU as a transformational initiative that strengthens women’s financial capacity and bridges

market-access gaps for female entrepreneurs.

Advising the NFWP-SU team to deepen community engagement and sustain transparency in group formation and programme processes, the monarchs urged them to embrace the programme wholeheartedly, form credible groups, and remain consistent in their savings and business practices to maximise the life-changing opportunities the project offers.

Violence Against Persons in Nigeria (TIPVAP NG) project.

The increasing reliance on technology by criminal networks to perpetrate Trafficking in Persons (TiP) and Violence Against Persons (VAP) in Nigeria has created serious challenges for investigators, prosecutors, and law enforcement agencies.

Offenders exploit social media platforms, encrypted communication channels, and digital payment systems to recruit, control, and exploit victims while masking their identities and operations.

One of the most critical barriers to securing convictions in TiP and VAP cases is the mishandling of evidencewhether physical, biological, or digital.

Weaknesses in evidence management, including breaches in the chain of custody, often undermine admissibility in court and lead to the collapse of otherwise strong cases.

Compounding this challenge is Nigeria’s federal structure.

Subnational institutions at the state level, which are closest to local populations, hold significant responsibility for

law enforcement. However, due to the peculiarities of each state, practices and procedures vary widely. This results in a lack of uniformity between state and federal institutions, coupled with varying levels of institutional capacity across the country.

The building of environment free of human Trafficking and Violence Against Persons in Nigeria Project (TIPVAP NG) seeks to address these gaps by providing targeted, practical training to frontline investigators and prosecutors from NAPTIP and sister agencies.

FG, Abia Build 15 MVA Substation to Boost Power Supply in Umuahia

Boniface Okoro in Umuahia

Residents of Abia State capital, Umuahia, and surrounding areas would soon start enjoying reliable electricity supply as the federal and Abia State governments are collaborating to construct two injection substations with a combined capacity of 15 MVA in Umuahia.

Under the project, the Niger Delta Power Holding Company

(NDPHC) would construct a 7.5 MVA, 33/11 kV injection substation, under the Nigeria Independent Power Project (NIPP) initiative; while Abia State government would build another 7.5 MVA substation.

Other key installations of the project are one kilometre of 33KV Line and 1.2 kilometres of 11KV Line, Two Units of 3 × 00KV.A Distribution Substation and the deployment of two kilometers of Low Tension

(LT) Line.

Performing the groundbreaking ceremony, Governor Alex Otti described electricity as the wheel that drives industrial and commercial activities, noting that by its investments in the energy sector, NDPHC was accelerating national development by solving a problem that had hitherto limited the productivity of the people and restricted the capacity to create wealth through productive endeavours.

Michael

in Abuja

SENSITISATION CAMPAIGN AND TOWN HALL MEETING...

L-R: Councillor Ward D, Chairman Committee on Health, Hon. Gidado Ibrahim Oladapo; The Aholu of Ajido Kingdom, HRM Oba Saheed Sedonu Adamson (Topon Toyiaga 1); Director, Research and Statistics, Health Facilities Monitoring and Accreditation Agency (HEFAMAA), Dr. Olorunfemi Olonire; Dr. Abiola Idowu; Vice Chairman, Badagry Local Government Area, Hon. Akeem Adeyemi; Council Manager, Badagry Local Government Area, Mrs. Olusanya Mary Abosede; and Medical Officer of Health, Badagry Local Government Area, Dr. Wale Akeredolu, during Sensitisation Campaign and Town Hall Meeting on the Roles and Responsibilities of HEFAMAA, held at Badagry Local Government... recently

Secur ITY: F I ve Men S HA p I ng T I nubu’ S De F ence, In T ell I gence, p ol I c I ng S T r AT eg Y whose roles cut across defence, intelligence, and law enforcement.

From the National Security Adviser (NSA) Nuhu Ribadu to Gen. Christopher Musa (Rtd), Minister of Defence, as well as the Inspector General of Police, Kayode Egbetokun, these key individuals have the onerous task of resolving the country’s knotty security challenges.

In the intelligence community, Oluwatosin Ajayi, holds sway as the Director General of the Department of State Services (DSS), complemented externally by the just-appointed, Dauda Mohammed, Director General of the National Intelligence Agency (NIA).

Together, these five men form the backbone of Nigeria’s security leadership, a coordinated structure of defence, policing and intelligence designed to confront terrorism, banditry, organised crime, and emerging global threats.

Nuhu Ribadu

Mallam Nuhu Ribadu, a former Chairman of the Economic and Financial Crimes Commission (EFCC), is the National Security Adviser to President Bola Ahmed Tinubu.

A seasoned security strategist and anticorruption expert, Ribadu has a long career in law enforcement, intelligence coordination and national security reform.

As NSA, he is responsible for harmonising the country’s security architecture, coordinating intelligence agencies, shaping counter-terrorism policy, and advising the President on all security matters.

Ribadu plays the central role in integrating the work of the military, police, DSS, NIA and other security institutions, making his office the nerve centre of Nigeria’s security decision-making.

Gen. Christopher Musa (Rtd)

Gen. Christopher Musa was on Thursday, December 4, 2025, sworn in as Minister of Defence by President Bola Tinubu after completing a distinguished tenure as Nigeria’s 20th Chief of Defence Staff (CDS).

A battle-tested infantry officer from Zangon Kataf in Kaduna State, Musa is widely regarded as one of the military’s most experienced commanders in asymmetric warfare.

He previously served as Theatre Commander of Operation Hadin Kai, leading counterinsurgency operations in the North-east, where he earned a reputation for stabilising contested communities, strengthening civil–military cooperation and degrading insurgent capabilities.

Musa has held several command, instructional and administrative roles, including Commander, Infantry Corps Centre; Chief of Training and Operations (CTOP), Army Headquarters; and General Officer Commanding 82 Division, Enugu.

As Minister of Defence, he is responsible for shaping Nigeria’s defence architecture, improving joint operational effectiveness, and advancing reforms aimed at modernising the Armed Forces.

ActionAid Reaffirms Commitment to Dignity of Persons with Disabilities

Michael Olugbode in Abuja

ActionAid Nigeria has reaffirmed its commitment to advancing the rights, inclusion, and dignity of persons with disabilities (PWDs) across Nigeria. In a statement to commemorate the International Day of Persons with Disabilities (World Disability Day), AAN said we draw attention to the urgent need

for inclusive policies and societal change so that every Nigerian, irrespective of ability, can contribute to and benefit from national development.

It noted that Nigeria faces a massive challenge when it comes to disability inclusion, and the numbers reflect that urgency, stressing that millions of Nigerians with disabilities embody resilience, talent, and potential,

yet their contributions to society remain undervalued.

ActionAid further noted that inclusion is not charity; it is justice. It is not about pity; it is about equity, dignity, and shared humanity.

Recent official data indicate that roughly 35.1 million Nigerians are living with some form of disability, a figure cited by the National Commission for Persons with Disabilities (NCPWD).

Kayode Egbetokun

Kayode Adeolu Egbetokun, became Nigeria’s Inspector General of Police in 2023. A career police officer with expertise in crime prevention, police administration and explosives ordnance, he has served in key operational and command positions nationwide.

He previously served as Chief Security Officer (CSO) to Tinubu during his tenure as Governor of Lagos State; Commander, Rapid Response Squad (RRS), Lagos; Commissioner of Police in Kwara State; and Deputy Inspector General (DIG) in charge of the South-west.

Egbetokun holds a doctorate in Peace and Security Studies and has pursued several specialist training locally and internationally. As IGP, he leads reforms focused on improved policing standards, enhanced community engagement, and the deployment of technology to combat crime.

Oluwatosin Ajayi

Adeola Oluwatosin Ajayi is the Director General of the DSS, Nigeria’s domestic intelligence and counter-intelligence agency.

A career intelligence officer from within the DSS system, Ajayi rose through the service after holding crucial state and national-level responsibilities.

He served as Director of several state commands, Director of Operations, and held senior roles in counter-terrorism, internal security management, and protective security. Ajayi is recognised for his operational discretion and institutional knowledge of intelligence work.

As DG of the DSS, he oversees national security intelligence, counter-terrorism investigations, protection of top government officials, and the coordination of security responses to threats across the federation.

Ambassador Dauda Mohammed is the Director General of the NIA, Nigeria’s external intelligence service responsible for foreign intelligence gathering, strategic analysis and covert diplomacy.

A seasoned diplomat and intelligence professional, Mohammed has served in various foreign missions and played roles in Nigeria’s intelligence and foreign policy interface. Prior to his current appointment, he held senior positions relating to external intelligence operations, liaison functions, and national security coordination.

As DG NIA, he directs intelligence collection abroad, supports Nigeria’s international security interests, and works with global intelligence partners to address transnational threats, including terrorism financing, cyber threats, foreign interference and organised crime.

Nigeria Deepens Coordination with Global Partners to Strengthen Humanitarian, Social Protection Systems

Seriki Adinoyi in Jos

Nigeria’s humanitarian and social protection landscape received a significant boost yesterday as the Honourable Minister of Humanitarian Affairs and Poverty Reduction, Dr. Bernard Mohammed Doro, hosted a succession of high-level delegations from the World Bank, the International Committee of the Red Cross (ICRC) and the Social

Protection Development Partners Group (SP-DPG).

The meetings underscored increasing global confidence in the direction President Bola Ahmed Tinubu has set for the sector under the Renewed Hope Agenda. A statement made available to our reporter in Jos read the day opened with the World Bank, led by West Africa Practice Manager, Mr. Robert Chase, who

commended the administration’s decisive steps toward building a transparent, data-driven social protection system.

Dr. Doro emphasised the National Social Register now covering nearly 20 million households is being upgraded to serve as a credible nationwide gateway for identifying and delivering support to vulnerable Nigerians. He noted that President

Dauda Mohammed

OLUFUNKE ARTHUR-WORREY FUNERAL SERVICE...

L–R: Mr. Ade Laoye; Former Vice President, Prof. Yemi Osinbajo, SAN; Deceased’s Son, Mr. Fola Arthur-Worrey; Former Lagos State Deputy Governor, Mrs. Kofoworola Bucknor; and Enitan Arthur-Worrey, at the funeral service of the late Esther Olufunke Arthur-Worrey held at Our Saviour Church, Tafawa-Balewa Square, Lagos, yesterday

Akpabio Asks Foreign Affairs Panel to Screen Tinubu’s 65 Ambassadorial Picks

Full list below Atiku condemns Yakubu’s nomination

Chuks Okocha and Sunday Aborisade in Abuja

President of the Senate, Godswill Akpabio, has asked the Senate Committee on Foreign Affairs, to screen President Bola Tinubu’s 65 new ambassadorial picks, comprising 34 career diplomats and 31 non-career nominees drawn from across the federation.

Tinubu had yesterday trans- mitted a list of 65 ambassadorial nominees to the Senate, seeking their confirmation in line with Section 171 (1), (2) and (4) of the 1999 Constitution.

The request was read during plenary by Akpabio, and was instantly referred for screening.

The latest submission marked the president’s extensive diplomatic nominations since assuming office, featuring a mix of seasoned envoys, former service chiefs, ex-governors, and notable political figures.

Among the prominent career diplomats on the list were Am- bassador Sulu-Gambari Olatunji Ahmed (Kwara), Ambassador Ahmed Mohammed Monguno (Borno), and Ambassador Maimuna Ibrahim (Adamawa).

Others were Ambassador Mohammed Mahmoud Lele (Bauchi), Adeyemi Adebayo Emmanuel (Ekiti), Onaga Ogechukwu Kingsley (Enugu),

Ramata Mohammed (Lagos), Salau Hamza Mohammed (Niger), and Adeola Ibrahim Mopelola (Ogun).

The non-career nominees were well-known names such as former presidential aide and senator, Solomon Ita Enang (Akwa Ibom); former Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas (rtd.) of Cross River; and former Chief of Army Staff, Lt.-Gen. Abdulrahman Dambazau (rtd.) from Kano.

Also listed were Senator Grace Bent (Adamawa), ex-Enugu governor Ifeanyi Ugwuanyi, Chioma Ohakim (Imo), former Lagos deputy governor Olufemi Pedro, Flor- ence Ajimobi (Oyo), and Yakubu N. Gambo (Plateau).

Akpabio referred the nomina- tion list to the Committee on Foreign Affairs, chaired by Senator Abubakar Sani Bello, with a directive to screen the candidates and report back within one week.

This development came a few days after the Senate screened an earlier batch of three ambassadorial nominees submitted.

The trio of Kayode Are (Ogun), Aminu Dalhatu (Jigawa), and Ayodele Oke (Oyo), appeared before the Foreign Affairs Committee on Wednesday.

The new list spread across all 36 states, reflected the

administration’s attempt to broaden Nigeria’s diplomatic representation at a time of shifting global alliances and renewed foreign policy priorities.

Atiku Condemns Nomination of Former INEC Chairman, Mahmood Yakubu

Former Vice-President Atiku Abubukar, has condemned the nomination of a former chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu as an ambassador.

Atiku, who took to his C space yesterday said,

‘’Let me state without ambiguity: under no circumstance would I, as President of the Federal Republic of Nigeria,

nominate the immediate past INEC Chairman for an ambassadorial position.

‘’Such a nomination raises serious concerns. It risks appearing as a quid pro quo rather than a recognition of merit. It presents terrible optics for an administration already struggling with credibility.

“It sends the wrong message to the current INEC leadership; that partisan, compromised, or poorly executed elections may ultimately be rewarded. And most importantly, it is morally indefensible for an umpire at the centre of one of the most disputed elections in our history to become a beneficiary of its outcome.

‘’This is not the path to strengthening our democracy

or restoring public trust in our institutions,’’ he said.

FULL LIST OF CAREER NOMINEES:

Abia: Ambassador Ezenwa Chukwuemeka

Adamawa: Maimuna Ibrahim

Anambra: Monica Ogochukwu

Bauchi: Ambassador Mohammed Mahmoud Lele

Bayelsa: Endoni Sindo

Borno: Ambassador Ahmed Mohammed Monguno

Cross River: Jane Adams Okon

Michael

Delta: Clark Omeruo Alexandra Ebonyi: Chimma Geofrey Davies

Edo: Oduma Yvonne Ehinose, Wasa Segun Ige

Ekiti: Adeyemi Adebayo Emmanuel

Enugu: Onaga Ogechukwu Kingsley

Jigawa: Magaji Umar Kaduna: Mohammed Saidu Dahiru Kano: AbdulSalam Abus Zayat Katsina: Shehu Barde, Aminu Nasiu Kebbi: Abubakar Musa Musa, Mohammed Idris Kogi: Bako Adamu Umar Kwara: Sulu-Gambari Olatunji Ahmed Lagos: Ramata Mohammed Nasarawa: Shaga John Shama Niger: Salau Hamza Mohammed, Ibrahim Danlami Ogun: Adeola Ibrahim Mopelola Ondo: Ruben Abimbola Samuel Osun: Akande Wahab Adekola Oyo: Adedokun Esther Plateau: Gedagi Joseph John Rivers: Luther Obomode Ayokalata Taraba: Danladi Yakubu Yaku Zamfara: Bello Dogondaji

World Disability Day: Sanwo-Olu Reaffirms Commitment to Persons with Disabilities

To introduce Disability Inclusion Compact As LASODA distributes over 200 assistive devices to persons with disabilities

Sunday Ehigiator

Governor Babajide Olusola Sanwo-Olu of Lagos State has restated his administration’s unwavering commitment to building a Lagos where

accessibility and inclusion are the norm, as the state recently marked the 2025 International Day of Persons with Disabilities (IDPD). The event, themed, ‘Fostering Disability-inclusive

Radda Alleges Opposition Against Peace in Katsina

Francis Sardauna in Katsina

Katsina State Governor, Dikko Radda, has alleged that the opposition were against the return of peace in the state, stressing that they are intent on continuing a situation that would enable them proclaim the All Progressives Congress (APC) administration in the state as a failed government.

Radda explained that the “return of peace” in banditry- ravaged local government areas of the state had annoyed the opposition because they did not want his government to succeed.

The governor spoke yester- day in Danmusa, one of the bandit-infected local government areas. He said farming and socio-economic activities had

returned in all the hitherto frontline local governments of the state.

He was in Danmusa in continuation of his local govern- ment tour across the 34 local government councils of the state to inspect projects and interact with people at the grassroots. While addressing stakeholders of the local government, Radda stressed that after over 10 years

of battling security challenges orchestrated by bandits, peace had returned to Danmusa. Radda, who spoke more in the Hausa language, did not mention the names of the opposition figures, allegedly, opposing peace in the state. But he seemed to be referring to opposition leaders, who had been criticising his security initiatives.

Society for Advancing Social Progress’, also featured the distribution of more than 200 assistive devices to beneficiaries by the Lagos State Office for Disability Affairs (LASODA).

Delivering the keynote ad- dress, Governor Sanwo-Olu said the annual observance is a powerful reminder for societies to evaluate how well they support and empower persons with disabilities.

He stressed that inclusion is not an act of charity but a fundamental requirement of justice, equity, and responsible governance.“Distinguished ladies and gentlemen, I am deeply honoured to join you as

the Special Guest of Honour at this year’s International Day of Persons with Disabilities; an important global observance that challenges every society to ask itself a profound question: Are we creating a world where everyone can thrive?

“The theme, ‘Fostering Disability-inclusive Societies for Advancing Social Progress,’ speaks directly to our commitment in Lagos State. Inclusion is not an act of charity; it is an act of justice, equity, and responsible governance. No society can lay claim to progress if mil- lions of its citizens are denied opportunities to participate and lead.

PHOTO: SUNDAY ADIGUN

RECEPTION TO THANK IMO MEMBER STATES FOR VOTING NIGERIA INTO THE IMO COUNCIL... L–R: Chairman, Senate Committee on Marine Transport, Senator Wasiu Eshinlokun-Sanni; Secretary-General, International Maritime Organization (IMO), Mr. Arsenio Dominguez; Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola; Chairman, House Committee on Maritime Safety, Education and Administration, Hon. Khadija Bukar Abba Ibrahim; and Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, at the lunch reception organised by the Federal Ministry of Marine and Blue Economy to thank IMO Member States for voting Nigeria into the IMO Council, at the IMO Headquarters in London… recently

Peter Obi Condemns Alleged Distribution of Campaign Vehicles, Says It Isn’t Governance

Demands clear terms from ADC

Chuks Okocha in Abuja Presidential hopeful, Peter Obi, has condemned the alleged distribution of luxury vehicles to state coordinators of a new political mobilisation platform linked to the federal government.

In a statement yesterday, Obi described the move as profound insensitivity to the

“As I stand here today, I am reminded that Liberia and Imo have more in common than just our geographic space in West Africa. We share a history of resilience; we share a desire for peace; we share a commitment to good governance; and we share the belief that Africa can rise on its own terms through its own efforts,” he noted.

In his welcome remarks, Governor Hope Uzodimma highlighted the state’s potential as a hub for investment and economic development. “You are in the right place at the right time,” Uzodimma declared, acknowledging the high turnout of local and international dignitaries.

The governor, who hinted that the summit is positioned as a historical moment for Imo State, marking a new chapter in its economic journey, praised recent national reforms under President Tinubu.

“Nigeria is witnessing bold, market-driven policy resets which have created a favourable investment climate”, he stated. He added that the changes align with Imo’s initiative to achieve a $1 trillion economy, calling for collaboration with the federal government’s economic renewal plan.

The governor provided an overview of Imo State’s geographic advantages, its

suffering of Nigerians.

The former governor of Anambra State was reacting to reports that President Bola Tinubu presented Toyota Land Cruiser, Toyota Hilux trucks, and Hummer buses to state coordinators of a political struc- ture, known as the Renewed Hope Ambassadors, ahead of the 2027 general election.

In the statement posted on

significant landmass, population, and access to vital markets. He said with a diverse agriculture sector and rich natural resources, he believed the state is poised for growth.

“Imo has the largest proven gas reserves in West Africa,” he revealed, highlighting the potential for investment in the energy sector.

Addressing infrastructural challenges, Uzodimma affirmed ongoing improvements. “We have constructed over 120 strategic roads, enhancing connections within the State and to neighbouring regions.”

However, he acknowledged that reliable electricity is crucial for industrial growth, announc- ing the upcoming launch of the ‘Light Up Imo Project’, which aims to provide 24/7 power supply, effective this month.

Uzodimma identified other key areas that give Imo State an advantage over her competitors to include the dredging of the Orashi River to the Atlantic, the current status of Imo State as the digital hub of Nigeria, and the localised business initiative - OKOBI (One Kindred, One Business Initiative).

He invited participants to take part in Imo’s economic renaissance, urging investors to join in transforming the State which is no longer at the rising level, but has risen.

his X account, titled, “Distribution of Campaign Vehicles: Profound Insensitivity and Abuse of Trust,” Obi criticised the development as an example of misplaced priorities amid widespread hardship.

He stated, “At a time when Nigerians are struggling with hunger, unemployment, and insecurity, the decision of any government to allocate limited

The Minister of Finance and Coordinating Economy, Edun, highlighted efforts at developing an independent electricity project that will generate 24/7 power supply to Imo State. This he described as “the real game changer” that will transform the economy of Imo State.

He stated that Nigeria’s economy is growing and its fiscal capacity expanding as efforts are being made to achieve a 7 per cent growth rate annually; and therefore called for partnership among local, state and federal governments.

In his remarks, a former United Nations SecretaryGeneral, Ki-moon, emphasised Africa’s significant potential in addressing climate change. He highlighted the continent’s unique resources and capabilities that could play a vital role in global environmental solutions.

Ki-moon called for the strengthening of global part- nerships to foster progress in combating climate change, urging nations to collaborate more closely. He championed the idea of global citizenship, encouraging individuals and governments alike to take responsibility for environmental stewardship and sustainable development.

Also speaking, former Prime Minister of the United Kingdom, Johnson expressed delight to

public resources for distributing luxury vehicles… is not only insensitive but also represents a serious moral failure.”

Obi stated that governance should focus on alleviating the suffering of citizens, not showcasing political muscle through expensive vehicles.

“While ordinary Nigerians are grappling with poverty and hopelessness, those in

have been part of the summit and lauded Uzodimma for his ideas on the economic renaissance of Imo State.

He referenced the growth potential of Nigeria, pointing out that it remains the most exciting investment prospect that will overtake most countries of the world, given her dynamic population and natural endorsement.

The former president of Afrex- imbank, Oramah, reaffirmed the bank’s unwavering support for Imo State, particularly in two significant projects. He highlighted the importance of the Orashi dredging project, emphasising its potential to enhance trade and improve the State’s economic infrastructure.

Additionally, he made refer- ence to the establishment of a multi-billion Naira petrochemical testing plant near the Sam Mbakwe International Cargo Airport, saying that the facility aims to facilitate the testing of petrochemical products for export, positioning Imo State as a key player in the global petrochemical market.

President of Dangote Group, Aliko Dangote commended Tinubu for his bold policies to improve the economy of Nigeria. He advised Nigerian businessmen and entrepreneurs to have the courage to invest in the country.

leadership positions continue to flaunt their wealth by driving brand-new Land Cruisers, Hiluxes, and Hummers,” he said, adding that such actions “treat the suffering of the people as mere background for political theatrics”.

Obi said the reported distribution was “unaccept- able,” stating that leaders should prioritise hunger relief, healthcare, job creation, and security.

He stated, “Leadership, especially in these challeng- ing times, should focus on providing food for the hungry, ensuring access to healthcare for the sick, restoring hope for millions of unemployed youth, and securing our communities.

It should not be about parading luxury vehicles or campaigning for votes.”

He also described the development as a breach of public“Thistrust. is not governance. It reflects a profound insensitiv- ity and an abuse of public trust disguised as a political strategy,” Obi stated. In another development, Obi called for clearly defined terms and shared commitments among opposition parties ahead of the 2027 general election. He maintained that issues, such as the rotation of political offices and informal agreements guiding them, must be properly articulated to avoid future crises.

Turaki, Anyanwu Issue Counter Disclaimers as PDP Crisis Deepens

Chuks Okocha in Abuja

Following the recent issuance of certificates of expulsion on Minister of the Federal Capital Territory (FCT), Nyesom Wike, and former National Secretary of Peoples Democratic Party (PDP), Samuel Anyanwu, the newly elected national chairman of the party, Kabiru Turaki, has released a disclaimer on those expelled at the November 16 PDP national convention in Ibadan, the Oyo State capital. However, Anyanwu, on behalf of Wike camp, also issued a disclaimer on the governor of Bauchi State, Bala Mohammed, the governor of Oyo State, Seyi Makinde, and others.

In a statement, Turaki said, “This is to inform the general public that the following individuals whose pictures and names appear below are no longer members of the People

Democratic Party (PDP), nor hold any office in the party, having been expelled from the party at the Year 2025 Elective National Convention held on the 15th - 16th November 2025 at Ibadan, Oyo State, in accordance with the constitution of our party (as amended).” He listed those disclaimed to include Wike, Anyanwu, Ayo Fayose, Umar Bature, Kamaldeen Ajibade, Mao Ohuabunwa, George Turnah, Dan Orbih, Austin Nwachukwu, Mon’d Abdulrahma, and Abraham Amah.

According to the disclaimer, “Any interactions or representations made by these expelled members are not authorised by our great party. Therefore, members of the public dealing with these individuals are doing so at their own peril.”

But Anyanwu issued a counter disclaimer on the current leadership of the party.

T I nubu, b or IS Jo H n S on, K I -Moon, oTH er S rA llY To u nloc K I M o’ S e cono MI c PoT en TIA l

Reception to thank iMo MeMbeR StateS foR voting nigeRia into the iMo council...

L-R: Chairman, Senate Committee on Marine Transport, Senator Wasiu Eshinlokun-Sanni; Secretary-General, International Maritime Organization (IMO), Mr Arsenio Dominguez; Minister of Marine and Blue Economy, Dr Adegboyega Oyetola; Chairman, House Committee on Maritime Safety, Education and Administration, Hon. Khadija Bukar Abba Ibrahim and the Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, at the lunch reception organised by the Federal Ministry of Marine and Blue Economy to thank IMO Member States for voting Nigeria into the IMO Council, at the IMO Headquarters in London ... recently

law enforcement personnel, and the military, to prevent attacks, rather than merely responding or reacting after attacks had happened.

President of CSLS, Professor Yemi Akinseye-George, SAN, spoke in Abuja, at the commencement of a two-day Capacity-Building Workshop on the Model Practice Direction on the Implementation of National Minimum Standards (NMS) for the effective Implementa- tion of the Administration of Criminal Justice Act (ACJA) and Administration of Criminal Justice Laws (ACJLs).

Akinseye-George, who recalled that CSLS had sometime in the past raised the alarm over worsening insecurity in the country, stated that it was proper to commend the government for some of the concrete actions taken so far to improve the security situation in the country.

He said, “The appointment of more competent professionals to man the security sector is notable. We also note with delight the planned recruit- ment of more personnel for the police and proactive actions being taken by the military to address rising cases of banditry and violent extremism.

“However, beyond military operations, there must be efforts to provide economic opportuni- ties for militants, bandits and insurgents who are willing to abandon the lives of criminality. This must involve the provision of free and compulsory second- ary education for all children and young people from all over the country.”

Ribadu: We’ll Deal with Anyone Seeking to Spread Terror, Undermine National Unity

National Security Adviser (NSA), Mallam Nuhu Ribadu, warned that the federal govern- ment will deal decisively with anyone attempting to spread terror or undermine national unity.Ribadu reaffirmed the administration’s commitment to ensuring peace, dignity, and security for every citizen,

stressing that sustainable peace requires shared responsibility across all sectors of society.

Speaking at a dialogue organised by National Peace Committee (NPC), in partner- ship with EU Delegation to Nigeria and ECOWAS, Ribadu highlighted the urgent need for a whole-of-society approach to conflict prevention, declaring that “security is everyone’s business”.

He commended the committee for its decade-long contribu- tions to peaceful coexistence and democratic stability, stating that effective peacebuilding depends on the active involvement of communities, traditional and religious leaders, civil society, the youth and women’s groups, the private sector, and international partners.Ribadu also outlined steps being taken under Tinubu’s Renewed Hope Agenda, revealing that National Counter Terrorism Centre has been directed to intensify community- focused and programmesintelligence-driven to counter violent extremism nationwide.

He highlighted tangible progress, including the voluntary surrender of thousands of former insurgents now undergoing rehabilitation and reintegration, as well as growing collaboration from communities that previ- ously distrusted government interventions.

“Additionally, over 775 terrorism-related convictions have reinforced the rule of law and sent a strong message that extremism will not be tolerated,” he said.

The NSA expressed appre- ciation to NPC, international partners, and civil society or- ganisations for their support.

He urged all stakeholders to translate dialogue into “measur- able, sustainable, and impactful solutions” that would ensure lasting peace across northern Nigeria and the country, at large.

Kukah, at the event, stated that those who killed in the name of God did not truly know God.

He stated, “Those who destroy in the name of justice betray justice. Violence is never

innocent. Behind every attack lies deeper failures – failures of governance, leadership, communication, and trust.

“This is why a purely kinetic approach cannot save us. Guns and uniforms alone cannot rebuild trust. Security agencies have an important role, but they cannot carry this burden alone. Peace cannot be outsourced; it is the responsibility of all of us.

“The theme we are discussing today is not new to the National Peace Committee. Since its incep- tion, the NPC has emphasised that the path to sustainable peace requires every segment of traditionalsociety—government, rulers, religious leaders, civil society, security agencies, women and youth, and development partners—to work collaboratively, not in isolation, but in harmony.”

We’ll Rescue Remaining Abducted Students Unharmed, Military Assures Families

The Nigerian military assured families of abducted students still in captivity that it was committed to rescuing and returning them unharmed.

Reaffirming its determination to quell emerging security threats across the country, the military high command said it will continue to intensify operations until peace was fully restored to all affected areas.

Addressing journalists during his maiden press briefing at Defence Headquarters in Abuja, the newly appointed Director of Defence Media Operations, Major-General Michael Onoja, said, “The Armed Forces of Nigeria is dedicated to continuing to operate within the ambit of the law.

“We assure Nigerians that we are enhancing our operational tempo in light of renewed security threats until peace is returned to all troubled areas of the Onojacountry.” also stated at the biweekly media briefing that the military was investigating allegations that soldiers were withdrawn from Government Girls Comprehensive Secondary School, Maga, in Kebbi State,

before the assault by bandits that led the abductions at the school.

He said the investigation aimed to identify any lapses and sanction anyone found to have compromised security.

Onoja stated, “The armed forces also wish to inform all Nigerians that we are embracing all necessary measures, systems, and activities humanly possible to ensure that the remaining students recently abducted are rescued and returned to their families unhurt.”

Onoja highlighted recent operational successes, stating that troops of the Joint Task Force, South South, Operation Delta Safe, intercepted 11,850 litres of stolen crude oil and 540 litres of AGO, valued at over N12 million.

He added, “Troops also discovered and destroyed four illegal refining sites, arrested 25 oil thieves and other criminals, and recovered assorted arms and ammunition.

“Furthermore, between 27 and 29 November 2025, troops conducted offensive operations and air reconnaissance across parts of Bayelsa, Delta, Imo and Rivers States. During these operations, several criminals were neutralised, three suspects were arrested, and additional arms and ammunition were recovered.”

Sack Matawalle, Scrap Ministry of State for Defence Now, Shinkafi Appeals to Tinubu

Former governorship can- didate in Zamfara State, Sani Shinkafi, called for the sack of Minister of State for Defence, Bello Matawalle.

Shinkafi also hailed the ap- pointment of Musa as Minister of Defence, saying he is the right man for the job.

He said the choice of Musa demonstrated Tinubu’s commitment to crushing terrorism and armed bandits in the country.

He, however, called on the president to sack Matawalle, and scrap the Ministry of State for Defence.

THISDAY reported that a cross-section of Nigerians during

the week initiated a call for Matawalle’s sack over an old video showing his sympathy for bandits.

The video, recorded by Channels TV in 2021, captured Matawalle, who was then Governor of Zamfara State, defending some criminals in the state.

Matawalle made the comment at State House, Abuja, after meeting with then President Muhammadu Buhari.

While answering questions from journalists on the activities of bandits in Zamfara State, Matawalle had said, “Not all of them are criminals.”

Following this, Shinkafi urged the president to investigate the minister over the video, describing both Mohammed Badaru and Matawalle as the worst appointments in the history of the Ministry of Defence and the biggest mistakes by Tinubu.

In a statement signed on behalf of Patriots for the Advancement of Peace and Social Development, Shinkafi said, “Gen. Musa is the right man for the job at this critical stage in the fight against terrorism, insurgency, banditry, militancy, secession, and kidnapping for ransom.

“The need for a leader with a military background to head the Ministry of Defence cannot be overemphasised. It was a mistake Mr. President made in appointing Badaru Abubakar, a chartered accountant, as Minister of Defence, and Matawalle, who has only a certificate from a vocational training centre below senior secondary school level, according to the resume he submitted to the National Assembly for ministerial screening in “Their2023.lack of experience in complex security issues has grossly affected the fight against terrorism, national security, and order.”

Shinkafi added, “More importantly, the interview Bello Matawalle granted a television correspondent as then Governor of Zamfara State, in which he said that ‘not all bandits are criminals,’ which has gone viral

on social media, depicts him as a bandit sympathiser and incapable of combating them.

“Furthermore, the new Minister of Defence, General Musa, served under Bello Matawalle, Minister of State for Defence, as Chief of Defence Staff. It would be inappropriate for Matawalle to remain in office under Musa to avoid personality clashes.

“General Musa, as a distinguished military officer, should be given a free hand to reorganise and reposition the Ministry of Defence for the tasks ahead. There should be no sentiment or partisan politics in overhauling the security architecture during this period of a state of emergency on security.

“Accordingly, I call for the im- mediate sack of Bello Matawalle as Minister of State for Defence. His tenure is a sad commentary on the fight against terrorism.

“Like the former Minister of Defence, Mohammed Badaru, who voluntarily resigned, Ma- tawalle should also honourably resign or be sacked. National security supersedes political interests. The whole world is watching us.”

Accelerate Nigeria Police Trust Fund Procurement Process, Reps Tell

FG House of Representatives urged the federal government to hasten all procurement activities under the Nigeria Police Trust Fund (NPTF). The lower chamber identified the procurement activities to include tendering; vendor assessments; contract approvals; acquisition of vehicles, surveil- lance and communication tools, as well as protective equipment, operational materials, and other critical logistics, to ensure they were promptly delivered to police formations nationwide.

The resolution followed the adoption of a motion introduced by Hon. Victor Obuzor, who emphasised the urgent need to upgrade police facilities and ensure comprehensive logistical support in light of the state of emergency in security declared by Tinubu.

T

nubu Swe A r S I n Mu SA , Defence M I n IST er I n r enewe D Pur P o S e for nATI on A l Secur ITY

BLaCK HisTORy aNd LiFETiME aWaRds…

Kwara Farmer Seeks Govt’s Help to Pay N100m Ransom for Kidnapped Wife, Daughter, Others

shittu in Ilorin

A farmer in Igbofe community, near Ora town in Ifelodun Local Government Area of Kwara State yesterday cried out to both the federal and state governments to come to his assistance over the demand of N100 million as ransom by the suspected bandits that kidnapped his wife, daughter and his brother’s wife on Monday.

He said that the bandits had earlier demanded the sum of N500million as ransom before it was reduced to N100million for the three abductees.

Speaking in Ilorin on the ugly development to journalists, the victim, Mr. Zakariyah said that during the attack, his 28-year-old son was shot by the bandits. Zakariyah said that he was on the farm when the armed men invaded his home,

Family Cries Out over Cult Members’ Threats

ibrahim Oyewale in Lokoja

Piqued by the mysterious and untimely death of another family member of Daodu of Oka Akoko, Daodu Monday, over the desperate bid to replace his son for the late father by the Ogboni Confraternity, the family has appealed to

CHANGE OF NAME

I formerly known and addressed as Onyenwenu ugOchukwu Wisdom now wish to be known and addressed as Onyenwenu ugOchukwu uche. All former documents remain valid. The general public take note. This is to notify the general public that my name was wrongly arranged on my pension account as SAMUEL AKPAN ESSIEN instead of AKPAN SAMUEL ESSIEN. Henceforth, I wish to be addressed as AKPAN SAMUEL ESSIEN. All documents remain valid. The general public and all relevant authorities should please take note

I formerly known and addressed as CoNfIdENCE CHIKA EjIofor now wish to be known and addressed as CoNfIdENCE joSEPH AgbAgoLo All former documents remain valid. The general public should please take note.

CORRECTION OF NAME

That my name was wrongly captured in my APPLICATIoN for grANT/rE-grANT of A STATUTorY rIgHT of oCCUPANCY ACKNoWLEdgMENT as joSEPH NYANg AKPAN instead of joSEPH NYoNg AKPAN now wish to be known and addressed as joSEPH NYoNg AKPAN. All former documents remain valid The general public should please take Note

all well-meaning Nigerians to come to the aid of the family before the problem escalates further.

The spokesperson of the family, who disclosed this on condition of anonymity to journalists in Lokoja yesterday, stated that the situation is getting worse now as the Ogboni Confraternity has intensified efforts to get their target, which is Stephen Olanrewaju Daodu, or any other member of the family, at all costs.

“Despite the loss of our brother who died mysteriously without any prior signs of sickness, this portends a lot of danger for us. As it is today, ay the surviving members of the family have left our town for safety to an unknown place,” he said. It was gathered that the family has been under intense pressure over the years to ensure that the family provides their target, Mr. Stephen Olanrewaju Daodu, whose whereabouts are unknown, and that the only condition for the family to get a reprieve is to provide him, or else “heads will continue to roll in the family.”

adding that a Fulani visitor from a neighbouring village was also kidnapped.

He stated: “They shot my son in the stomach. My wife told me on the phone that

only God can save them.

“She (wife) had been hit twice by bullets but treated by the abductors.

“The bandits initially demanded N400 million

but later reduced it to N100 million for the three family members an amount the distraught farmer said was impossible to raise.”

“Feeding is even difficult

for me. Where will I get N100 million?,” he lamented. He appealed to the government and well-meaning Nigerians to help secure the safe return of his family.

Adeyeye: Those Accusing Tinubu of Driving Nigeria to One-party State are Crying

yinka KolawoleinOsogbo

The Board Chairman of the Nigerian Port Authority (NPA), Senator Adedayo Adeyeye, yesterday disclosed that those who accused President Bola Ahmed Tinubu of driving Nigeria towards a one-party system are only crying wolf

where there is none.

Speaking at a distinguished leadership lecture titled: ‘Mentorship: a Tool for Fostering Progressive Democracy’, at the Faculty of Administration, Obafemi Awolowo University, Ile-Ife, he contended that crossing from one party to another has always been with

us in Nigeria, and one needs to establish a distinction between a one-party system and one-party domination.

Adeyeye, who was also the recipient of the lifetime leadership achievement award of the faculty, further reaffirmed that the former was a constitutionally instituted one-

Wolf

party rule, while the latter is the dominance of one party in a multi-party environment for a period of time.

He said in a one-party system, only one party-the ruling party-can legally exist, whereas a dominant party continues to compete with other parties.

BAT Ideological Group Reinvigorates Home-Cell Initiative

ayodeji ake

The convener of the Bola Ahmed Tinubu (BAT) Ideological Group, Hon. Bamidele Atoyebi, has launched a renewed outreach campaign aimed at educating communities on the BAT Home-Cell strategy to strengthen grassroots engagement and maintain

consistent contact with families who require support.

During an exclusive meeting in Abuja with former local government chairmen drawn from across the country, he explained that the initiative aligns with President Bola Tinubu’s manifesto where he said we are building a country where no Nigerian will go to

bed hungry. Atoyebi outlined the philosophy behind the home-cell structure and emphasised its role in promoting civic awareness and encouraging inclusive participation in governance.

It also advances President Tinubu’s broader ideological vision.

He noted that the homecell units were conceived as

neighbourhood clusters where citizens can access information, share concerns, and receive guidance on government programmes.

Atoyebi stressed that the goal of the outreach is not political inducement but genuine enlightenment and willingness to support people at grassroots level.

20th Death Anniversary: Church Hosts Tributes for Bimbo Odukoya

Mary Nnah

The Fountain of Life Church, Ilupeju, Lagos, will host a landmark National Legacy Service with the theme: ‘20 Years On… Her Life. Her Impact. Her Legacy’, on December 6, 2025, in honour of its late co-founder, Pastor Bimbo Odukoya.

Two decades after her

untimely passing, the church is repositioning her story as a living blueprint of influence, purpose, and service, one that continues to shape families, young adults, ministries, and communities across the world.

Pastor Bimbo Odukoya, widely regarded as one of Africa’s most influential voices on love, relationships, family life, purpose, and Christian

womanhood, remains a defining figure whose teachings have outlived her. Through the Single and Married Ministry, her books, television broadcasts, and conferences, she reached millions with a message anchored on hope, courage, compassion, and the pursuit of healthy Christian relationships. Her legacy, the church says, “still speaks, still heals, and still transforms,”

underscoring a relevance that has not diminished with time. The Legacy Service is curated as a celebration rather than a memorial, structured to capture and amplify the continuity of her impact. A key highlight of the day will be the premiere of a documentary tribute featuring archived footage, teachings, and reflections that bring her voice back into public consciousness.

Wale Raji Empowers Constituents with 400 Stalls in Lagos

The member representing Epe Federal Constituency in the House of Representatives, Hon. Tasir Olawale Raji, has donated 400 stalls to his constituents in the reconstructed Ayetoro Market located in the heart of Epe Town free of charge.

This is coming just as the federal lawmaker has received commendation from the leadership of the ruling All Progressives Congress (APC) for his effective and impactful representation at the National Assembly.

The commendation was given during the inauguration of the heritage Awyetoro Market which was rebuilt by the lawmaker from the scratch.

Ayetoro Market is a heritage community trading post which is almost synonymous with the ancient town of Epe but sensing that the condition of the old structure has become unbefitting of the rapidly modernising community, Hon. Raji decided to rebuild it as part of his constituency projects initiative.

Hammed

L-R: Lagos State Chief of Staff, Hon. Tayo Ayinde Akinmade; Dean, School of Eloquence, Obong Essien; Founder, House of Sofa/Convener, Youth in Creativity 1.0, Folasade Ezihoa Balogun; Lagos State Commissioner for Youth and Social Development/Guest Speaker, Hon. Mobolaji Abubakre Ogunlende; Pioneer Producer of Nollywood’s Living in Bondage and Co-Host of Black History, Okey Ogunjiofor, and Founder, BOXTUNG, Temilola Balogun, at the Youth in Creativity 1.0 and Black History and Lifetime Awards held in Lagos…yesterday SUNDAY ADIGUN

Reflec TI on S on TH e Alex oTTI ’ S M

does not have money to pay salaries.

Under the weight of this false narrative, public expectations diminished and the State leadership shamelessly carried on with complete disregard for its social contract with the citizens. Abians began to live with the shame of being considered the worst in terms of socio-economic development in the country. It became commonplace to encounter government offices in a state of embarrassing disrepair—walls left unpainted, broken furniture littering offices, and no efforts made toward even the most basic maintenance. This was the lived reality of Abia State up until May 28, 2023. The supposed “lack of funds” became the standard excuse, the convenient cover, and ultimately the lie that some citizens began to accept with a sense of resignation and helplessness.

Then came that transformative rainy morning in May 2023—an historic watershed for a people who had endured more than two decades of abuse, neglect, misrule, and institutionalized hard- ship. Abians, who had for years been subject to national ridicule—even among States with equally challenging records—stood at the threshold of renewal. On May 29, 2023, when Dr. Alex Chioma Otti, OFR, took the oath of office as the Executive Governor of Abia State, a palpable sense of hope swept across the State. For many, it was evident that a decisive break from the past had finally arrived. There was widespread confidence that under Alex Otti, Abia State would experience governance markedly superior to that of previous administrations. Indeed, there was little doubt that real change had come, and expectations of a new era were both high and justified. Yet, the central point must be made: even among the most devoted loyalists of His Excellency, Dr. Alex Otti—those who had long affirmed his diligence, prudence, compassion, and deep sense of empathy—very few could have anticipated the extraordinary degree of transformation that would unfold within Abia State in just thirty months. The scale, speed, and depth of progress have far exceeded the expectations of even the staunchest supporters of Alex Otti.

Who could have imagined that a State which, before May 2023, failed to pay workers’ salaries would, within a single month of new leadership, not only resume regular salary payments but also begin to clear substantial arrears owed to workers and pensioners by previous administrations? Who could have believed that pensions—long underpaid or ignored—would be restored to 100% payment, a feat that earlier governments repeatedly claimed was impossible due to the false excuse of a “lean financial resource”? Who would have foreseen that the construction giant, Julius Berger, would mobilize to Abia State to reconstruct Port Harcourt Road, in Aba—a strategic economic corridor which had been abandoned for decades? Or that a State once dismissed as “too financially distressed to pay salaries” would embark on the construction of the 67-kilometre Umuahia–Isuikwuato–Abiriba–Ohafia Road, a critical ring road linking Abia Central to Abia

North, and which had equally fallen due to government neglect? Again, who would have believed that nearly all major roads in Aba would be rebuilt, modernized, and illuminated with solar-powered streetlights? Today, across every Local Government Area in Abia State, significant road projects have either been completed or are approaching completion. The transformation is not merely visible—it is historic.

Which of the projects shall one mention first? Is it the sweeping transformation underway in the capital city of Umuahia, the expansion of Aguiyi-Ironsi Boulevard and Library Avenue; or the comprehensive urban renewal initiative for the Umuahia metropolis? As of November 20, 2025, a total of 345 road projects, covering about 557.9 kilometres, have been completed across the State, with numerous additional projects advancing steadily toward completion. All of these have been achieved within a mere two and a half years. The scale is astonishing; the impact,Beyondtransformative. the remarkable advances in road infrastructure, the health sector has also witnessed unprecedented progress. The flagship initiative known as “Project Ekwueme”—a comprehensive scheme to rebuild and equip 200 primary healthcare centres across Abia State—stands as a visionary intervention and a masterstroke in public health revitalization. This has been complemented by substantial investments in the secondary and tertiary healthcare sub-sectors, including the rebuilding of virtually all general hospitals in the State, and the ongoing transformation of the Abia State University Teaching Hospital, the Abia State Specialist Hospital in Umuahia, and the hospitals in Amachara and Umunnato. Each of these institutions is being elevated to world-class standards befitting modern tertiary healthcare delivery. All of these accomplishments—and many

Tun D e AY en I ’ S Pu RS u IT of V I n DI c ATI on

What i see is the portrait of a man intent on vindication through the full glare of judicial scrutiny.

I also feel that Ayeni’s stance is grounded in a form of confidence atypical in controversies of this nature. Individuals who doubt the strength of their position rarely demand the transparency of open court.

Embattled and embittered Ayeni’s insistence on this path is an emphatic assertion of personal certainty and moral clarity.

Across mainstream and social media spaces, reactions seem to have converged around a recurring theme: Ayeni appears remarkably sure of himself. His refusal to embrace quiet reconciliation can be described as the gesture of a man determined to reclaim not only his reputation but also the dignity he believes the controversy has threatened.

Some have also framed his stance as an effort to set a precedent—one that rejects private compromise in favour of institutional adjudication, especially in matters capable of casting long shadows over an individual’s name. Others view it as an act of principle, expressed through a willingness to confront public scrutiny rather than retreat behind negotiated silence.

Yet, beneath the assertive tone of Ayeni’s

statement lies a more delicate reality: the toll such public controversies exact on families. In Nigerian society—where reputation remains a form of social currency—the reverberations of

more—have been recorded within the first thirty months of the current administration. How was such an extraordinary turnaround possible? The answers lie in vision, discipline, integrity, and a relentless commitment to the welfare of the people.

In the education sector, the introduction of free and compulsory primary and secondary education has fundamentally reshaped the trajectory of basic learning in Abia State. Today, faith has returned to the public school system in the State, as thousands of new teachers have been recruited into the system to meet the explosion in the number of students. Within a span of just thirty months, the administration of His Excellency, Dr. Alex Otti, has initiated comprehensive reconstruction of dilapidated public primary and secondary schools—institutions which had, for years, stood as stark symbols of collective failure, neglect and a profound disservice to an otherwise industrious and talented populace.

In addition, the State Government has embarked on an aggressive revitalization of the tertiary educational institutions in the State. Recently, the Governor embarked on an unscheduled inspection tour of the Abia State University in Uturu, where he literarily apologized to the students for the decades of neglect by past administrations. Today, the university campus has become like a construction site, as new hostels, new lecture theatres and internal roads on campus are simultaneously under construction. The case is the same for Ogbonnaya Onu Polytechnique (formerly, Abia State Polytechnique), Aba. The Polytechnique has witnessed so much transforma- tions during these past 2 years and has been designated as a center of excellence, with all the programs offered by the institutions receiving the highest level of accreditation applicable to each discipline. Today, the Abia State College of Education (Technical) in Arochukwu is equally receiving deserved attention consistent with the Government’s vision to make the State’s tertiary institutions centers of excellence.

Across every sector—agriculture, power and public utilities, transport, sports, and be- yond—significant investments have been made, yielding tangible improvements in communities throughout the State. Workers’ welfare has been accorded due priority as well. The Government has rehabilitated and fully equipped the Nnamdi Azikiwe Secretariat in Umuahia, and has built a brand-new office complex for the Secretary to the State Government and its bureaus. Additionally, new office buildings have been procured for the Civil Service Commission and several other government agencies, all aimed at creating a more conducive and dignified working environment for civil servants.

Consistent with the substantial investments in physical infrastructure, the administration has placed strong emphasis on “soft infrastructure,” including sanitation, human capital develop- ment, and security. Today, the major cities of Aba, Umuahia, and Ohafia wear a markedly improved and dignified look, thanks to the

allegations can be both swift and severe.

I remember my encounter with Ayeni a couple of times several years ago as MD/ Editor-in-Chief of Newswatch newspapers. I saw in him a committed and devoted family man who would do anything to protect their dignity and overall well-being. I now picture the emotional and social strain borne by his wife and children, who must navigate the public’s gaze, the whispers, and the distortions that inevitably accompany a matter that dominated headlines.

The psychological impact of such scrutiny can be profound, particularly when children must confront versions of events over which they have no agency and from which they cannot easily shield themselves.

Friends, business partners and long-standing associates are not spared either.

For individuals like Ayeni, whose social and professional networks are expansive, controversy creates uncertainty.

I see how associates may experience discomfort, unwarranted speculation, or the fear of being drawn—however peripherally—into a narrative not of their making.

Even the broader public, often quick to form opinions, grapples with the tension between rumour and fact. Ayeni’s insistence on a public

revitalized Abia State Environmental Protection Agency. The towering heaps of refuse that once defaced the urban landscape—particularly in Aba—have vanished, replaced by clean streets, newly marked roadways, and solar-powered streetEquallylighting.noteworthy is the Government’s strategic investment in the development of youth talent. The TechRise Initiative, a flagship State Govern- ment programme, is equipping young Abians with globally relevant skills in information and communication technology and related fields. The programme admits participants from all Local Government Areas and subjects them to an intensive three-month residential bootcamp designed to prepare them for success in today’s highly competitive global talent ecosystem.

The Government’s capacity building initiatives for young people have extended far beyond the realm of information and communication technology. There has been a deliberate and strategic effort to equip interested youths with modern agricultural techniques and agribusiness competencies. Under the leadership of His Excellency, Dr. Alex Otti, hundreds of young Abians have been sponsored to undergo hands-on training on mechanized agriculture. Upon successful completion, participants have also been provided with funding support to advance their agricultural ventures.

Across all sectors, one feature stands out unmistakably: the administration’s fervent commitment—its unmistakable hunger—to make enduring and transformative contributions to the lives of the people. The Otti administration is unequivocal in its mission to fundamentally reposition Abia State. Its governance model rests on credible moral and intellectual foundations, and its policies and programmes are guided by the overarching objective of expanding the public good for the benefit of everyone in the State.

In August 2025, the Abia State Government inaugurated the Abia Leadership Academy (ALA), a visionary initiative designed to prepare young Abians for the demands of leadership in an increasingly complex and rapidly evolving world. During its inaugural cohort, approximately 1,000 youths between the ages of 16 and 20 were trained in core leadership principles, including strategic visioning, the virtues of integrity and empathy, and the importance of disciplined community service and civic responsibility. As with many initiatives introduced under the administration of Governor Alex Otti, the ALA has been widely acknowledged as a transformational programme whose positive impacts will continue to shape the society for decades to come. Graduates of the Academy—referred to as ALA Fellows—are already demonstrating remarkable leadership, designing and implementing impactful projects inspired by the lessons, values, and networks gained through the Academy.

judicial process thus serves as a stabilizing counterweight: an attempt to ensure that what remains in public memory is the outcome of due process, not the distortions of speculation What is perhaps most compelling in Ayeni’s posture is his refusal to allow private negotiation to overwrite what he insists must be a public reckoning. It is a stance that underscores a broader truth about human character: moments of crisis often clarify who believes they have nothing to hide.

Whether one supports or questions his position, it is undeniable that Ayeni has chosen a path demanding exceptional resilience. He has placed his faith in the courts, in transparency, and in the power of truth to reassert itself—despite the personal upheaval such a choice entails.

As the proceedings move forward, one thing appears clear: Tunde Ayeni is navigating this controversy not as a man retreating under pressure but as one advancing toward vindication he considers inevitable. The public, the judiciary, and history will ultimately render their judgments. But for now, Ayeni stands unwavering, certain of his footing, and determined that clarity—not conjecture—will have the final word.

•Jolayemi, former MD/ Editor-in-Chief, Newswatch newspapers, writes from Lagos

Tunde Ayeni

Governor Otti

Continues online

•Prof. Kenneth Kalu, FCA, is the Secretary to the Abia State Government

Ekong Retires After 10 Years of Illustrious Super Eagles Career

Duro Ikhazuagbe

Super Eagles Captain, William Troost-Ekong, 32, has called time on his illustrious international career with Nigeria.

The Al Kholood centre back in the Saudi Arabia Pro League, made 83 appearances for the Nigerian senior team after he was handed his debut by the late Stephen Keshi in a 2-0 win over Chad in 2015. As a defender, Troost-Ekong scored nine goals for Nigeria.

Troost-Ekong made a post on his Instagram account on Thursday to announce his retirement from the Super Eagles.

He began: ““Honoured. Grateful. Forever a Super Eagle. Playing for Nigeria has been the greatest privilege of my life.

“The journey may end here, but my support never will. Here’s to the next chapter,” observed the former Watford defender before following up with a montage images of his Super Eagles career.

Hints of Troost-Ekong’s likely exit from the Super Eagles have been on towards the tail end of Nigeria’s failed attempts to qualify for the 2026 FIFA World Cup. The moment Super Eagles handlers began to use him sparingly in key matches gave indications that the the last of the “Oyinbo Wall” was about to take a bow. Another foreign-born Nigerian, Leon Balogun, had paired Ekong in Eagles central back famously

hailed as the “Oyinbo Wall” by the local media.

And the failure of the team he led to win both the direct ticket or the playoffs ticket to the 2026 World Cup Intercontinental playoffs next March in Mexico, was the immediate cause of Troost-Ekong’s departure from the team.

In a lengthy emotional post, the Dutch-born defender, recalled how the late Coach Stephen Keshi’s phone call, inviting him to the Super Eagles kicked off his service to his fatherland.

“In 2015 a phone call from the late Stephen Keshi changed my life. A month later the Big Boss gave me my debut. His belief in me ignited a desire to follow in his footsteps,” recalled the player who will later be capped 83 times, played in five major tournaments, won three medals and broke a few records.

He insisted that he has lived his dream.

“A bronze medal at the Rio 2016 Olympic Games, followed by playing at the 2018 World Cup in Russia, and three incredible AFCON tournaments with a bronze and most recently silver medal will remain unforgettable,” wrote Troost-Ekong in that social media farewell post.

The Super Eagles supremo continued: “ Being able to lead Nigeria through the 2023 AFCON, scoring in the final and being named Player of the Tournament was something

Golf: Lakowe Lakes Announces 2025 Club Championship

Lakowe Lakes Golf Club, has announced that its 2025 Club Championship will tee off on Saturday, December 6th, through Sunday, December 7th, 2025.

The two-day tournament will bring together top playing members of the Lakowe Lakes Golf Club who will compete for honours in the 36 holes event. The event rewards skill and celebrates players that have improved throughout the golfing season.

Over 120 players have registered to compete in the event where overall winners in each class is determined by their cumulative gross score returns. The categories to be competed for includes; Ladies, Gentlemen, and Veterans, providing opportunities for players of all levels to be recognized for their contributions to club activities throughout the year.

“This championship is more than just a competition—it’s an opportunity to reward individual players who have worked on their games, improved, and most of all displayed commitment in their growth in the game,” said Femi Olagbenro, Golf Manager at Lakowe Lakes Golf Club.

“We’re proud to celebrate these gentlemen and ladies to foster a spirit of excellence that defines our community.”

This year’s edition is supported by Sparkle MFB, Mixta Africa, Newmark, Africa Diving Services (ADS), Acutech Solutions Services, Geregu Power, Pocari Sweat and United Capital PLC

The 2025 Club Championship not only crowns club champions but also underscores Lakowe Lakes Golf Club’s role as a hub for golf development in the region.

special. To this day, I still wish for a different ending. Becoming the highest-scoring defender in AFCON history is an honour I share with every teammate who was a part of those moments.

That tournament taught me what It truly means to be Nigerian; That in adversity, we come together, we hustle , we fight through the pain and we rise.”

Troost-Ekong insisted that

he knew that as Captain of the Super Eagles he would certainly relinquish the arm band to another player one day. “ It has been fun to play alongside my Nigerian team-

mates, building something great together. Watching them grow into leaders, time has come to pass on the responsibility, to pass on the opportunity and pass on the Captaincy. As a custodian of an iconic shirt, I’ve always known it was only borrowed. Now, it is the turn of the next generation to continue to write their own story.”

He stressed that he remains very proud to be part of the diaspora born generation that fully showed its possible to come home to play and represent our nation.

Although Troost-Ekong would still have loved to lift the Africa Cup of Nations (AFCON) (in Morocco) and play at one more World Cup before quitting the Super Eagles, insisted that what gives him the most joy now is getting messages from young boys, saying they want to play for the Super Eagles.

The former Watford defender tipped the Super Eagles to win the AFCON tournament in Morocco while promising to keep supporting the team.

“This isn’t a final goodbye. My work within Nigerian communities continues, just as my love and passion for this team will never fade,”

Troost-Ekong was born in Haarlem, The Netherlands to a Dutch mother, Eleanore Troost and a Nigerian father. He represented The Netherlands at the U19 and U20 youth levels before choosing to switch over to Nigeria .

Seven-time Olympian Oshonaike Joins IOC Athletes’ Commission

Seven-time Olympian Olufunke Oshonaike has made history as the first Nigerian appointed to the International Olympic Committee (IOC) Athletes’ Commission, following her nomination by IOC President KirstyOshonaike,Coventry.one of Africa’s most decorated table tennis players, is among five new members appointed to ensure the Commission reaches full composition ahead of the Milano Cortina 2026 Olympic Winter Games.

In a statement released on Thursday, December 4, the IOC confirmed the appointments of Soraya Aghaei Haji Agha (Iran, badminton), Husein Alireza (Saudi Arabia, rowing), Cheick Sallah Cissé (Côte d’Ivoire, taekwondo), Olufunke Oshonaike (Nigeria, table tennis), and Mariana Pajón (Colombia, cycling). The appointments were made

in consultation with IOC AC Chair Emma Terho.

“The Athletes’ Commission is essential in making sure athletes remain at the heart of everything we do,” Coventry said. “I am deeply grateful to our new members for their commitment and the wealth of experience they bring in service to athletes worldwide.”

Oshonaike competed in seven consecutive Olympic Games from Atlanta 1996 to Tokyo 2020. She currently serves on both the Nigeria National Olympic Committee Athletes’ Commission and the Nigeria Table Tennis Athletes’ Commission.

Her fellow African appointee, Cheick Sallah

d’Ivoire, is a Rio 2016 Olympic gold medallist in taekwondo and co-chair of the World Taekwondo Athletes’ Commission.

With these appointments, the IOC Athletes’ Commission now comprises 23 members from all continents, including a representative from the Refugee Olympic Team. The body features 13 women and 10 men, representing 15 summer sports and five winter sports.

Expressing excitement, Oshonaike pledged to represent Nigeria and Africa with pride:

“I am so excited because during the Paris 2024 Olympic Games campaign, I was impressed by the huge support from my country and athletes across the world. This appointment confirms that my efforts did not go unnoticed. It has been my dream to impact the sport that has given me the rare opportunity to live well in life.”

William Troost-Ekong...time to say goodbye to Super Eagles

Funke Oshonaike...gets IOC Athletes’ Commission post

Cissé of Côte

35Th iLm GoVERninG BoARD mEETinG...

The Governor of the Central

of

for

and Chairman of the International

KennethKALU

Reflections on the Alex Otti’s Miracle in Abia State

On a rainy morning in May 2023—specifi- cally on May 29—a significant turning point occurred in Abia State. For years, Abia had endured severe leadership failures: salaries of workers were routinely unpaid, pensioners suffered prolonged hardship due to unpaid entitlements, and the morale of the civil service had collapsed. By the time His Excellency, Governor Alex Otti, assumed office, a majority of civil servants lacked any motivation to report to work, essential service delivery by the Government had reached the zero level, and the citizenry had largely lost confidence in the Government. In effect, the ship of state had become rudderless. In the months and years leading up to May 2023, virtually every sector in Abia State had succumbed to severe decay. Travelling from one

community to another had become an ordeal due to the deplorable state of the roads—many of which, in both urban and rural areas, had

deteriorated so extensively that they could no longer be regarded as motorable routes. Mean- while, criminals operated with alarming ease, rendering certain parts of the State inaccessible. Public schools had ceased to function as proper learning environments, and facilities regarded as government hospitals—whether primary or secondary health facilities—had degenerated into spaces overtaken by rodents and other vermin.

In truth, nearly every facet of the State’s infrastructure and public service delivery had reached a state of free fall, the result of prolonged and reckless neglect from an irresponsible State administration. Even in a nation accustomed to the challenges of poor governance, the condition of Abia State was utterly deplorable. The situa- tion was so dire that the mention of Abia State

MosesJOLAYEMI

often evoked a weird combination of scorn and sympathy from observers across the country. The condition of Abia prior to May 2023 was not merely troubling—it was profoundly alarming. After many years of gross mismanagement of public resources by a succession of rapacious and irresponsible administrations, a troubling narrative began to take root among the people of Abia State. Repeated falsehoods—continuously propagated by those entrusted with leadership—claimed that the State lacked the financial capacity to pay its workers or to undertake meaningful infrastructure development. Over time, these distortions were internalized by many Abians, and the false narrative was gradually becoming accepted as truth: Abia

Tunde Ayeni’s Pursuit of Vindication

In the wake of a dispute that has ignited unusually intense public interest, business magnate and former Skye Bank chairman, Tunde Ayeni, has issued a statement whose tone is as resolute as it is revealing. He is rejecting overtures for an out-of-court settlement reportedly initiated through what he described as “back-door channels,”

Ayeni declared unequivocally that he is prepared to follow the matter to its final judicial conclusion. Last month, Ayeni rejected an out-of-court settlement proposed by a lawyer, Adaobi Alagwu, insisting that their dispute “must run its full course in court.”

He urged friends and associates to stop intervening or mentioning Alagwu in any context.

The mere mention of her name, according to Ayeni amounts to “a personal insult.”

The dispute centres around Alagwu’s claim that Ayeni fathered her child and had a customary marriage with her.

Ayeni has denied both claims — he says there was no marriage and that he is not the biological father.

According to him, during their relationship he supported Alagwu financially — including a monthly allowance and housing — but now regards her demands as blackmail.

His insistence on transparency and his refusal to allow the matter to be “swept away in private,”

has drawn notable attention.

Ayeni’s tone suggests a man who feels not merely affronted—one whose belief in his own innocence appears unshakably firm.

Ayeni’s language leaves little room for ambiguity. He characterizes the events leading to the dispute as having inflicted profound reputational harm, extending beyond himself to include his immediate family and close associates. In rejecting the proposed private settlement, he makes clear that silence or compromise would amount to a tacit acceptance of allegations he regards as deeply unjust.

Abia State Governor Alex Otti

Tunde Ayeni

Bank

Nigeria (CBN)

Islamic Liquidity Management Corporation (IILM) Governing Board, Mr. Olayemi Cardoso (left), alongside the Assistant Governor

Monetary Policy and Financial Stability of the Central Bank of the United Arab Emirates (UAE), Mr. Ebrahim Obaid Al Zaabi, during the 35th IILM Governing Board meeting held in Abuja on Wednesday