WEDNESDAY 26TH MARCH 2025

Again, General Hydrocarbons Limited Floors First Bank in Court

Judge: It’s classic case of abuse of court process Sets aside all orders against oil company

Justice

Seadogs: Affirmation of Rivers Emergency Rule By Voice Votes Questions

Cardoso Hails Growing Investor Confidence in Economic Trajectory

Says despite challenges, progress achieved in FX stabilisation, inflation reduction

growing investor confidence in the country’s economic trajectory. Cardoso acknowledged recent challenges confronting the economy, but said progress had been recorded

in stabilising the foreign exchange (FX) market as well as taming headline inflation. Cardoso made the remarks while hosting a delegation of scholars from

Harvard Kennedy School (HKS) as part of their Africa Trek, which included visits to Ghana and Nigeria. He recalled recent visits by top executives from JP Morgan, Citi Bank, and International Monetary Fund (IMF), saying they further demonstrate that the country remains in the right direction. He said, “These are individuals

In Historic Deals, US Buys over 2 Million Barrels of Jet Fuel from Dangote Refinery

Impact expected to lower prices of aviation fuel in peak summer Experts hail firm for successfully accessing new markets MAN: Dangote production of polypropylene to revive textile industry, save Nigeria $267m Firm issues tender for 88,000 tons of low sulphur, 40,000 tons slurry oil May shut down partially for routine maintenance June 1

REACHING OUT TO MIDWIVES...

Emmanuel Addeh in Abuja A federal high court sitting in Port

Wife of the Vice President, Hajia Nana Shettima;

Lady,

Oluremi

Executive Officer,

James Emejo in Abuja Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed satisfaction over the

UNITY TORCH FOR 2025 NATIONAL SPORTS FESTIVAL PRESENTED TO TINUBU...

SGF: Draft National Policy Development Framework Will Address Inconsistencies in MDAs

Olawale Ajimotokan in Abuja Secretary to the Government of the Federation (SGF), Senator George Akume, said the Draft National Policy Development Framework was a bold step that will address recurring challenges of policy management and lack of coherence and consistency across Ministries, Departments and Agencies (MDAs). Akume stated this yesterday at the Stakeholders Validation Session held in Abuja.

He said fragmentation, duplication and misalignment had often resulted in inefficiencies, slowing down the implementation of critical interventions that should otherwise accelerate national progress.

The SGF said the Tinubu administration was unwavering in its commitment to strengthening institutional frameworks that will foster a governance approach focused on citizens and ensuring that policy catalysed national development.

He stated, “We are not here merely to discuss processes and frameworks – we are here to deepen our resolve to build a governance structure that is adaptive, coordinated,

and impactful – hence the desire for collaboration with key stakeholders.

“Therefore, this validation session affirms this administration’s recognition that a well-articulated, structured, inclusive and institutionalised approach to policy management is fundamental to achieving the Renewed Hope Agenda.”

The SGF stated that policy making was not a theoretical exercise, but a practical tool for governance and a

mechanism through which governments translated national aspirations into concrete actions.

He described yesterday’s session as an opportunity to refine the framework into an instrument that will endure and ensure that public policy was driven by data, aligned with national goals, and was responsive to the dynamic needs of the country.

In her address, Special Adviser to the President on Policy and Coordina-

tion, Hadiza Bala Usman, said the draft national policy development framework was the result of extensive collaboration between her office, Office of the Secretary to the Government of the Federation, National Institute for Policy and Strategic Studies, the foreign and the National Economic Summit.

She said the Tinubu administration was unwavering in its commitment to strengthening the institutional

framework and positioning public policy as a driving force for national development.

Usman said the draft national policy development and management framework will provide much-needed clarity, structure, and coherence that will enable the development of policies with clear intent, which would be implemented in discipline and evaluated for real impact.

Usman said, “The development

and validation of this framework represents a key milestone in our ongoing efforts to institutionalise an effective governance process and ensure that public policies translate into real measurable benefits for the Nigerian people.

“This validation session is a concrete step towards institutionalising a governance culture that is adaptive, coordinated, and ultimately transformative.”

Inflation: NBS Reaffirms Commitment to Data Transparency

Clarifies re-uploaded inflation report, insists rebased estimates unchanged

James Emejo in Abuja

National Bureau of Statistics (NBS), yesterday, reaffirmed its commitment to transparency and quality data publication, promising to continue to provide technical explanations to aid public understanding of statistical outcomes.

NBS, in a statement by its acting

Director, Communications and Public Relations, Mr. Folorunso Alesanmi, clarified that the rebased Consumer Price Index (CPI), which measured the rate of change in prices of goods and commodities, remained intact and unchanged from the estimates earlier published.

In February, NBS, following the CPI rebasing from 2009 base year to

FG Commences Construction of 17.5km

been flagged off, has now been approved.

The federal government has flagged off the construction of a 17.55-kilometre access road to the Second Niger Bridge (Phase 2A) in Asaba, linking the South-south zone to the South-east part of the country. Speaking at the ceremony, the Minister of Works, David Umahi, highlighted the numerous ongoing projects in Delta state, including three major flyovers in Warri, a statement by the Director, Press and Public Relations, in the ministry, Mohammad Ahmed, said yesterday.

Umahi further emphasised the federal government’s broader vision for road infrastructure, revealing that multiple strategic road projects are either ongoing in the country or in the pipeline nationwide.

These, he said, include the Lagos-Ibadan expressway, the Benin-Asaba expressway, the SokotoGusau-Katsina-Kaduna corridor, the East-West road, the remaining section of Abuja-Kaduna-Zaria-Kano Dual Carriageway, among others.

He assured that the 9-kilometre extension of the reconstruction of the Benin-Asaba expressway to the 2nd Niger Bridge requested by the state government, which had just

To ensure the security and sustainability of the newly constructed roads and bridges, the government, Umahi said, has implemented advanced surveillance measures, including the installation of CCTV cameras along the access roads and the bridge.

“These cameras will be linked to the offices of the governors of the concerned states to monitor activities and prevent vandalism. Additionally, the project will incorporate solarpowered streetlights to enhance visibility and security,” Umahi was quoted as saying.

The minister reiterated the administration’s commitment to prioritising inherited projects and delivering impactful infrastructure to Nigerians. He emphasised that under President Bola Tinubu’s administration, road projects nationwide are receiving ‘unprecedented’ attention, ensuring seamless connectivity and economic progress.

“All major road projects inherited by Mr. President are ongoing. He has given them priority attention. This administration believes in continuity and results, not political excuses,” he stressed.

The project, the minister said, is

part of a broader national infrastructure strategy aimed at connecting key economic zones and improving transportation efficiency, assuring that funding is already secured, with 30 per cent of the contract sum ready to be paid, while strict timelines and performance monitoring will be enforced to ensure timely delivery.

In his remarks, the Delta State Governor, Sheriff Oborevwori, who represented Tinubu on the occasion, said the event went beyond the flagging off a road project—but a testament to the administration’s commitment to economic development, national integration, and infrastructure renewal.

“The construction of the access road is a major step towards strengthening our nation’s connectivity. This road will ease movement, facilitate trade, and enhance economic opportunities for the people of Delta, Anambra, and beyond.

“It is yet another proof that under this administration, infrastructure development remains a top priority for fostering economic growth and national unity. I want to, especially, commend the government and people of Delta and Anambra States for their collaboration in ensuring the success of this project.

2024, put headline inflation at 24.48 per cent in January 2025. Inflation further declined to 23.18 per cent in February, while the month-on-month stood at 2.44 per cent.

The assurances came against the backdrop of an online media report, which raised concerns about data transparency and accuracy following a recent re-upload of the inflation report that excluded the historical series.

The historical spreadsheet, which was uploaded to the NBS website before it was removed, was given wrong interpretations by some stakeholders and users.

Alesanmi, while acknowledging concerns regarding the re-upload, clarified that the template erroneously uploaded was not the actual result, but more of a worksheet that had no impact on the final outcome.

He explained that the update was necessary due to the change in the base year for the CPI, making the old and new series not directly

comparable.

Nonetheless, he said the historical data remained available in previous reports.

The NBS acting director said, “The rebased CPI adopts 2024 as the price reference period (base year), using a 12-month average of prices in 2024 rather than a single month.

“This re-referencing process ensures that the January 2025 index (and all the other months in 2025) can be compared to their corresponding preceding years to track year-on-year inflation trends accurately.

“The inflation figures released for December 2024 remain 34.80 per cent year-on-year (YoY) and 2.44 per cent month-on-month (MoM) as published.

“The old CPI series ended in December 2024, while the new series begins from January 2025.

“Month-on-Month inflation is calculated by comparing the computed index of the current month with that of the preceding month.”

He explained, “As a result, the

MoM inflation rate for the new series officially began in February 2025 at 2.04 per cent.

“The 10.7 per cent inflation rate reported for January 2025 was not a MoM figure.

“Instead, it was derived from the all-items index minus 100 (110.68 –100), representing the rate of change in the average prices of goods and services in January 2025 compared to the average prices throughout the year 2024.”

Alesanmi emphasised that the rebased CPI included about 500 new products, an updated classification system (13 divisions instead of 12), as well as improved compilation techniques.

He said, “As a result, some figures in the first month (January 2025) may appear different from past trends. However, these adjustments are expected when transitioning to a new CPI methodology, especially after a long interval between rebasing exercises.”

Tinubu Names Governing Council, Principal Officers For Federal University, Iyin Ekiti

Deji Elumoye in Abuja

President Bola Tinubu on Tuesday announced the appointment of Pro-Chancellor, Governing Council members, and Principal Officers of the new Federal University of Technology and Environmental Sciences in Iyin Ekiti, Ekiti State. A release issued by presidential spokesperson, Bayo Onanuga, named Senator Binta Masi Garba as Pro-Chancellor and Chairperson of the Governing Council. A seasoned politician, businesswoman, and administrator, Senator Garba represented the Adamawa North

Senatorial District in the Senate from 2015 to 2019 and served consecutively in the House of Representatives from 1999 to 2011. Other members of the Governing Council are Prof. Joseph Olurotimi Sanya, Mr. Efe Emefienin Emmanuel, Dr. Joyce Ogunyemi, and Alhaji Dahiru Abdullahi Ruma.

The Principal Officers appointed for the university are Prof. James Olugbenga Aribisala as Vice-Chancellor; Mr. Oluwole Olalere Dada as Registrar; Mrs. Adeniyi Rachael Ajayi as Bursar and Prof. Isaac Oluwadare Busayo as Librarian.

President Tinubu acknowledged the commendable efforts of Senate Leader,

Senator Michael Opeyemi Bamidele in advocating for establishing the new university in Iyin Ekiti. He encouraged the appointees to leverage their extensive leadership experience and commitment to steer the university toward academic excellence, innovative research, and development. The new university will admit its first set of students in September 2025. The President also appointed Prof. Muhammed Salihu Audu as the Pro-Chancellor and Chairman of the Governing Board of the Federal University of Health Sciences, Otukpo, Benue State. He succeeds Engr. Ohieku Muhammed Salami.

L-R: Chairman, National Sports Commission, Shehu Dikko; former Ogun State Governor, Segun Osoba; President Bola Ahmed Tinubu; and Ogun State Governor, Dapo Abiodun, during the flag-off of the movement of the Torch of Unity for the 22nd National Sports Festival (Gateway Games Ogun State 2024) held at the Presidential Villa, Abuja, yesterday

PHOTO: GODWIN OMOIGUI

Emmanuel Addeh in Abuja

Seadogs: Affirmation of Rivers Emergency Rule by Voice Votes Questions FG’s Intent

PDP youth leaders decry action State gets new SSG, Head of Service Lawyer asks court to sack Ibas as sole administrator, group oppose same in LGs

Blessing

National Association of Seadogs (NAS), otherwise known as the Pyrates Confraternity, has decried the way in which the National Assembly affirmed the state of emergency in Rivers State, saying the use of the voice votes mechanism questions the intent behind such a critical decision by the federal government.

Similarly, the Forum of Youth Leaders of the Peoples Democratic Party (PDP) from the 36 states and the Federal Capital Territory (FCT), yesterday, condemned the state of emergency in Rivers State declared

President Bola Tinubu, describing it as unconstitutional. Nonetheless, President Bola Tinubu’s Sole Administrator in Rivers State, Ibot-Ette Ibas, appointed Professor Ibibia Worika, as the new Secretary to the Rivers State Government (SSG) and Dr Iyingi Brown as Acting Head of Service.

In a related development, an Abuja-based legal practitioner, Mr Johnmary Jideobi, asked a Federal High Court in Abuja to nullify the appointment of Ibas as sole administrator for Rivers State.

A pressure group under the aegis of Simplified Movement, advised Ibas not to proceed with his alleged plan to appoint sole administrators in the

local government areas of the state, saying it is against the constitution of Nigeria.

NAS, in a statement by its Capn, Dr Joseph Oteri, said the use of the “ayes and nays” voice vote mechanism, rather than a transparent, recorded vote, raised serious questions about due process, democratic accountability, and the intent behind the critical decision.

It said a matter as weighty as the imposition of emergency rule, which directly affected millions of Nigerians’ lives, rights, and governance, should not be subjected to a hasty, opaque process.

The statement read, “The National Assembly has a constitutional duty to

ensure that decisions of this magnitude are reached through proper debate, individual voting, and public scrutiny.

“It is unacceptable that such an important resolution could be decided through a mere chorus of voices, leaving room for ambiguity and manipulation.”

The association urged President Bola Tinubu to reconsider his decision in light of the fundamental democratic principles underpinning the nation.

The statement said, “The president should also ensure that he is fair to the two parties involved in the Rivers crisis. The resort to emergency rule risks escalating tensions rather than resolving the ongoing political crisis.”

NAS charged elders of the Niger

First Lady Flags Off Distribution of Professional Kits to Midwives in South South

Deji Elumoye in Abuja and OmonJulius Onabu in Asaba

Wife of the President, Senator Oluremi Tinubu on Tuesday flagged off the distribution of Professional kits to midwives provided by the Renewed Hope Initiative (RHI) with a promise to extend such gesture to Nurses nationwide as soon as possible.

Speaking at the flag off for the South-South geopolitical zone held in Asaba, Delta State capital, Mrs Tinubu who noted that the demands of the health profession go beyond mere skills and compassion, pointed out that the administration of President Bola Tinubu is moving in the right direction to make healthcare delivery better in the country.

and support the tireless dedication of our Midwives”.

Mrs Tinubu appealed to Nigerians to keep encouraging health workers for their tireless efforts, especially the leadership of the sector.

a better life.

She then announced a N50m Business Re-capitalization grant for 1,000 for petty traders in the State and the Governor promised to match this with additional 1,000 petty traders.

women and mothers.

Delta to take urgent steps to resolve the political impasse in Rivers State. It stated, “Instead of an emergency declaration, we call upon the elders and respected stakeholders of the state to rise to the occasion and initiate genuine reconciliation among all warring factions.

“Political actors must set aside their differences and prioritise the state’s peace, stability, and development. Dialogue, not forceful interventions, remains the most effective tool for conflict resolution in a democracy.

NcoS: Killers of Correctional Officer During Koton-Karfe Jailbreak Will Be Prosecuted

Michael Olugbode in Abuja

The fleeing inmates of the Medium Security Custodial Centre, KotonKarfe, Kogi State, would have to face justice especially the killing of a Senior Correctional Assistant (SCA) Shuaibu King David, the Nigerian Correctional Service (NCoS) has said.

The service regretted to announce the tragic demise of David during the unfortunate escape incident at the Koton-Karfe prisons.

He noted that the service and ultimate sacrifice of the falling hero would forever be remembered and honoured.

The First Lady, in a release issued by her media assistant, Busola Kukoyi, said the right tools and infrastructure are also being provided.

While commending the efforts and contributions of the midwives and the entire health workforce, Mrs Tinubu said their efforts continue to be pivotal to attaining the reduction of maternal and child mortality in Nigeria.

She said: “This event is to complement the ongoing Federal Government retraining exercise for 120,000 frontline health workers nationwide. I am informed that 59,570 health workers have already completed their training and that is why the Renewed Hope Initiative (RHI) procured 60,000 branded scrubs and 60,000 pairs of crocs, as an incentive to encourage

“I commend the Coordinating Minister of Health and Social Welfare, Prof. Mohammed Ali Pate; the Executive Director and CEO of the National Primary Health Care Development Agency (NPHCDA), Dr. Muyi Aina, and their entire workforce for their dedicated focus on improving healthcare delivery for our citizens as an important pillar of development, in line with the Renewed Hope Agenda of President Bola Tinubu.

“All six geopolitical zones will receive 10,000 scrubs and 10,000 pairs of crocs, which will be distributed among the states in each zone. The South – South Zone is receiving its allocation today.

“Since inception in 2023, the Renewed Hope Initiative (RHI) has provided targeted interventions in Agriculture, Economic Empowerment, Education, Health and Social Investment to improve the lives of families across Nigeria. RHI recognises that the demands of the health profession require not only skills and compassion, but also the right tools and kits to encourage our Midwives as they serve others. We thank you for all your good work”.

She reassured Nigerians that the administration of President Tinubu is committed to ensuring that the nation gets better and Nigerians live

“In the spirit of today’s event, the Renewed Hope Initiative will be presenting an additional grant of Fifty Million Naira (N50,000,000) to the First Lady of Delta State and RHI State Coordinator to support another set of 1,000 women petty traders with the sum of N50,000 each to recapitalize their existing businesses. We had earlier empowered 1000 women petty traders on August 22nd 2024 during my last visit”.

The Professional Kits were thereafter presented to the wives of governors and RHI State coordinators for the South-South geo political states by the First Lady and RHI National Chairman, Mrs Tinubu.

Acting Comptroller-General of Corrections, Sylvester Nwakuche, made this vow yesterday while on behalf of the Service, extended his condolences to the family, colleagues, and loved ones of the late personnel.

The statement stated that, David, in the line of duty, bravely stood his ground in an effort to prevent the escape of inmates and protect the integrity of the custodial centre, saying his courageous sacrifice reflected his unwavering dedication to service and national security. Nwakuche said the Nigerian Correctional Service was working closely with relevant security agencies and communities to recapture those still at large and bring them to justice, adding that measures were being taken to enhance security in all custodial centres across the country to prevent such occurrences in the future.

Renaissance: Trans Niger Pipeline Restored After March 17 Attack

Gives N50m business recapitalisation grant to 1,000 petty traders in Delta Delta traditional rulers pledge support for Tinubu’s re-election in 2027 Oil price falls as Russia, Ukraine agree to Black Sea truce

In his remarks, Delta State Governor, Hon Sheriff Oborevwori said the nation is currently witnessing great transformation in the health sector that is gradually but consciously improving life expectancy and other outcomes in the sector.

He noted the giant strides taken by the First Lady in complimenting President Tinubu’s efforts at revitalizing the health sector.

He commended Mrs Tinubu for her strong determination and dedication to improving the lives of the ordinary Nigerian especially through the visible activities of the Renewed Hope Initiative since inception in 2023.

On his part, Minister of State for Health and Social Welfare, Dr Iziaq Salako assured that the Federal Government is doing all it can to close the gap in accessibility and affordability of healthcare especially for pregnant

Emmanuel Addeh in Abuja

Nigeria’s Trans Niger Pipeline (TNP) has been fully restored and is working normally, after it was ruptured by a blast last week, Renaissance spokesperson, Tony Okonedo, told Reuters yesterday.

The pipeline with a capacity of around 450,000 barrels per day, is one of two conduits that export Bonny Light crude from Nigeria, Africa’s biggest oil producer.

Oil output through the TNP was rerouted to an alternative line after blasts ruptured the main link on March 17, according to Nigerian oil consortium Renaissance Group, which now owns Shell’s former onshore subsidiary that operates the pipeline.

Earlier this month, Shell announced the completion of the sale of its Shell

Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, as announced January 16, 2024.

With the deal, Renaissance now controls SPDC’s 30 per cent stake in the joint venture with the government-owned Nigerian National Petroleum Company (55 per cent), Total Exploration and Production Nigeria Ltd (10 per cent) and Agip Energy and Natural Resources (Nigeria) Limited (5 per cent).

A day after the attack, on March 18, the federal government declared a state of emergency in Rivers State. The rupture of the TNP had halted crude movements to Nigeria’s Bonny Light export terminal.

A fire had occurred on the pipeline at the border of the Kpor and Bodo communities, and the pipeline’s management shut down the affected section, the Rivers State police said.

The pipeline had been the target of repeated oil theft, vandalism and sabotage in the past. Crude was later rerouted through an alternative line, a spokesperson for Renaissance said, after the alternative conduit passed an integrity test on Wednesday and subsequently crude was diverted as repairs continued on the main line.

The Renaissance Group is owned by Aradel Energy, First E&P, Waltersmith, ND Western and an international energy group, Petrolin. Meanwhile, Oil prices fell yesterday after Ukraine’s President Volodymyr Zelenskiy agreed to a truce with Russia covering the Black Sea and energy infrastructure, though crude losses were limited by the prospect of global supply tightening due to threatened U.S. tariffs on countries buying Venezuelan production.

Emmanuel Addeh, Alex Enumah in Abuja and

Ibunge in Port Harcourt

by

L-R: Vice Chairman, Planning Committee, International Conference for Ministers and Leaders (ICML), Rev. Wale Alaka; Treasurer, Planning Committee, Dr. Kunle Akiode; Director, Home Mission, Foursquare Church in Nigeria (FGCN), Rev. Henry Obialor; National Secretary, Rev. Samson Alawode; General Overseer, Rev. (Dr) Sam Aboyeji; National Treasurer, Elder Felix Omofuma; Chairman, Planning Committee, ICML, Rev. Niyi Oloyede; and Secretary, Planning Committee, Pastor Tunde Oyediran, at the Foursquare Gospel Church Nigeria press briefing for the International Conference for Ministers and Leaders, held in Yaba, Lagos, yesterday

STAKEHOLDERS’ VALIDATION SESSION OF THE DRAFT NATIONAL POLICY DEVELOPMENT

L-R: Representative of the Senate President, Senator Onyekachi Nwaebonyi; Special Adviser to the President on Policy and Coordination & Head (CRDCU), Hadiza Bala Usman; Secretary to the Government of the Federation, Senator George Akume; Representative of the Speaker, House of Representatives, Hon. Amobi Ogah; and Director-General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, at the Stakeholders’ Validation Session of the draft National Policy Development and Management Framework in Abuja, yesterday

Tinubu Flags Off Torch of Unity Movement, Reaffirms Commitment to Sports Development

President Bola Tinubu has flagged-off the Torch of Unity Movement for the 22nd National Sports Festival.

Tinubu reaffirmed his administration’s commitment to supporting and providing an enabling environment for sports development.

The sports festival, tagged the Gateway Games, will take place in Ogun State from May 16 to May 30.

Speaking at the flag-off ceremony held at State House, Abuja, on Tuesday, the president described sports as a unifying force and a catalyst for youth engagement, national cohesion, and economic growth.

Tinubu called on the public and private sectors to actively contribute to Nigerian sports development, particularly in infrastructure expansion, talent identification, athlete nurturing, and sponsorship of sporting events.

He stressed that enhanced collaboration was essential for advancing the country’s sporting potential and ensuring Nigeria remained a dominant force in global sports.

The president described the Torch of Unity, which will herald the festival by travelling through all 36 states and the Federal Capital Territory, as a symbol of peace, strength, and solidarity.

According to him, “Since the inception of the National Sports Festival in 1973, the games have

been a veritable vehicle for the interaction and integration of our young sportsmen and women.

“This festival provides a platform for all states and the FCT to showcase their sporting prowess under healthy competition, sportsmanship and friendly interaction to enhance and strengthen national unity.

“The games represent much more than just a competition of athletic skill; they embody the unity, strength, and resilience that define us as a nation.

“Every step we take together towards the festival is not merely an act of preparation for a sporting event, but a reaffirmation of our collective commitment to national building through sports”.

Tinubu recognised the contributions of Nigeria’s sporting legends and paid tribute to Olympic medallist and National Torch Bearer, Falilat Ogunkoya.

He commended Ogunkoya’s dedication to promoting unity and sports excellence in Nigeria and Africa.

The president also extended his best wishes to the Super Eagles of Nigeria in their FIFA 2026 World Cup qualifying match against Zimbabwe Warriors in Uyo, later on Tuesday, expressing confidence in their ability to secure victory.

Earlier Ogun State Governor Dapo Abiodun said the state was fully prepared to host a world-class event, and welcome over 10,000 athletes

in a festival designed to set new records.

Abiodun stated that elite Nigerian athletes, such as Anthony Joshua and Tobi Amusan, would grace the occasion. He said this would further reinforce Nigeria’s status as a global sporting powerhouse.

The governor said, “As Nelson Mandela once said, sports can change the world. They can inspire and unite people in a way that little else can.

“The unity torch, as it journeys across the federation, is not merely a symbol of the forthcoming games but a reflection of our shared aspirations and collective identity.

“As the proud host of the 22nd National Sports Festival, we are

not only ready to host over 10,000 athletes and officials, but also to warmly welcome guests and supporters from every corner of the federation.

“For the first time in the history of the National Sports Festival, all our athletes will be housed within a single purpose-built facility, ensuring comfort, convenience and camaraderie.

“Our sporting infrastructure meets international standards, and we have left no stone unturned in delivering a festival that will set new records in organisation, participation and excellence.

“Our facilities are ready, our people are enthusiastic, and our

athletes are prepared to showcase the best Nigerian sporting talent to the world.”

Abiodun thanked Tinubu for ensuring peace in Nigeria, emphasising that “without peace, there will be no sports festival”.

He commended the Federal Ministry of Youth Development, National Sports Commission (NSC), Nigerian Olympic Committee, and all stakeholders for their contributions to the success of the forthcoming festival.

Chairman of NSC, Shehu Dikko, described the National Sports Festival as Nigeria’s version of the Olympics, adding that, for the first time, the commission has invited the best

junior athletes in the country to participate under its sponsorship. He said the young athletes will compete under the Invited Junior Athletes (IJA) category, marking a historic inclusion in the festival. Later, at the forecourt of State House, Deputy Governor of Delta State, Monday Onyeme, representing Governor Sheriff Oborevwori, handed over the Festival Torch of Unity to Dikko. Tinubu received the torch from Dikko, who in turn passed it to Chairman of the Main Organising Committee, Hon. Bukola Olopade, who then entrusted it to Ogunkoya, the National Torch Bearer, for its journey across the country.

A’Court Stays Action on Bayero, Sanusi Kano Emir Tussle, Parties Back to S’Court

Ahmad Sorondinki in Kano

The Appeal Court has relieved actions earlier delivered against the reinstatement of Muhammadu Sanusi II, as 16th emir of Kano, and ordered all interested parties to exercise caution pending the hearing of their appeals at the Apex Court. In a unanimous ruling delivered in Abuja on Tuesday, by a threemember panel of Justices, presided

by Hon. Justice Biobele Abraham Georgewill, the Court agreed with the withdrawal of the Application filed by the Kano State government after transmission of the record of Appeal to the Supreme Court.

Resuming hearing to rule on enforcement of its earlier orders, Counsel to Kano State Government, Ibrahim Wangida intimated the court a notice of appeal moved against a stay of execution held on Friday, 14th March 2025.

Wangida told the court that all necessary legal actions had been perfected, including the transmission of the record to the Supreme Court.

The transmission of record of the appeal to the Supreme Court by Implication and by decided authorities or judicial precedent operated as a stay of any action

of the ruling of the Court of Appeal of 14th March, 20015

Justice Abang, had on Friday,14th March 2025, ordered a stay of execution of its earlier judgment that validated the reinstatement of Muhammadu Sanusi II as the 16th emir of Kano.

The Judge also ordered all parties to maintain the status quo ante bellum as well as the sheriff of this court and trial court, as was the position before the trial court in its delivered on 13/6/2024 in suit no. FHC/KN/CS/182/2024.

Dissatisfied with the ruling of Justice Abang, counsel to the Kano State Government, Wangida faulted the Friday 14th March ruling, which he considered a gross error of provisions of the Constitution, saying the appeal was already filed

before the Apex Court.

Responding to he notice of the application, Counsel to the appellant, Abdul Fagge, SAN, who did not object, told the court the respondent acted within the constitutional provision.

The Kano State Government had reinstated Muhammadu Sanusi II as 16th emir of Kano pursuant to the Kano State Emirate Council (Repeal) Law 2024. The same law validated the deposed Aminu Ado Bayero as 15th emir along four first class emirs appointed by former Governor, Abdullahi Umar Ganduje. Bayero has forcefully returned and occupied Nasarawa mini palace in Kano with heavy security cover while challenging his sack by the state government.

Former Chairman of Independent National Electoral Commission (INEC), Prof. Attahiru Jega, has said the chairman of the defunct National Electoral Commission (NEC), late Prof. Humphrey Nwosu’s contribution significantly brought integrity to the country.

He said Nwosu’s contribution to the June 12,1993 presidential election was very heroic and deserved to be appropriately appreciated, recognised and honoured.

Jega disclosed this on Tuesday in Abuja at an event organised to celebrate his life and legacy.

He recalled that the time Nwosu became the chairman of NEC, many of them in the academia were already becoming apprehensive about the role their senior colleagues were playing under the military regime.

Jega stated: “We have seen evidence of loss of intellectual integrity, loss of

courage of conviction, and indeed evidence of a lot of pandering to the wishes of the military rulers at that time.

“I must admit, some of us were skeptical that another professor under a transition program of the military regime, piloting elections, which are key aspects of that transition process was again likely to bring us the disrespect, dishonor and shame that we felt for some of those professors that were involved in government at that time.

“But I must say, and I think everybody will attest to, that Professor Humphrey Nwosu did his job with the seriousness that he deserved, focus, passion and at his heart, very clearly, with the interest of the nation at heart.

“What he did, no doubt, has contributed very significantly to the effort to bring integrity to elections.

“What I can call the intrigues of military rulers trying to stay and perpetuate themselves in power, really it’s something that is very heroic and

that deserves to be appropriately appreciated and recognised and honored in our country.”

Jega was of the opinion that the country needs more people like Nwosu in public service, politics, and indeed in all spheres of governance in the country.

Also, former Minister of Information, Prof. Jerry Gana, said Nwosu was someone that knew what to do, how to do it and he did it well.

He added that Nwosu was a celebrated person who produced the Option A4 election, which was not only orderly, peaceful, but has integrity. Nwosu noted: “Option A4 was designed to be very credible. But to our surprise, the best election was annulled and Nigeria landed into very serious trouble.

“Elections are central to the credibility of democracy. If elections are rigged, democracy is rigged. Once elections are rigged, democracy is on the way out.

The Nigeria Social Insurance Trust (NSITF) said it will collaborate with the National Directorate of Employment (NDE), by providing social safety nets that would enhance job creation in Nigeria.

Giving this assurance in his goodwill message at the resettlement of beneficiaries under the Renewed Hope Employment Initiative organized by the NDE in Abuja, the Managing Director of NSITF, Barrister Oluwaseun Faleye, said skills of this nature at this level is what is needed to stimulate the economy in the country.

NSITF MD said: “Efforts like this create a huge boost to the informal sector of the economy and should be strengthened to meet the aspirations of many underprivileged Nigerians and the beneficiaries.

“Continuous initiatives like this will further help decrease the unemployment net in the country.

“At NSITF, we would continue to be partners with NDE with emphasis on economic growth, job creation, and poverty alleviation, which is in alignment with the Renewed Hope Agenda of this government.

“We would continue to provide the support and social safety nets to help curb unemployment in the

country with our several efforts in this direction.”

The Renewed Hope Employment Initiative which is to enhance job creation had 250 beneficiaries who were presented with starter packs, was designed to enhance the impact of the NDE’s core programme by aligning them more closely with market demands and national priorities.

The strategic plan outlines specific goals, such as increasing the employability of trainees, supporting the establishment of small-scale enterprises, promoting agricultural productivity, improving rural infrastructure and providing transient jobs”

Deji Elumoye in Abuja

Onyebuchi Ezigbo in Abuja

Adedayo Akinwale in Abuja

FG Endorses Lagos International Financial Centre as Nigeria Moves to Deepen Partnership with OECD

Ndubuisi Francis in Abuja

The federal government has formally endorsed the creation of the Lagos International Financial Centre (IFC), a strategic move aimed at positioning Nigeria as a top-tier global financial hub. The endorsement came as Nigeria moved to deepen collaboration with the Organisation for Economic Cooperation and Development (OECD) as part of efforts to drive economic reforms, attract investment opportunities, and contribute to sustainable development.

Speaking at a high-level engagement with EnterpriseNGR, Citi UK, and senior Lagos State Government Officials, in his office in Abuja, the

In historic business deals, the Dangote Petroleum Refinery yesterday announced that the United States imported over 2 million barrels of jet fuel from the 650,000 bpd facility this March alone, underscoring the growing global impact of the world’s largest single-train refinery, located in Lagos.

The entrance of the Dangote refinery into the US market is expected to see jet fuel hit a two-year high in the country this month, as well as lower the prices of the aviation fuel in the peak summer travel season, according to trade analysts.

Data from ship-tracking service, Kpler, referenced by a statement from the Dangote refinery, showed that six vessels carrying around 1.7 million barrels of jet fuel from the refinery arrived at US ports this month, while another vessel, the Hafnia Andromeda, is set to arrive at the Everglades terminal on March 29, with approximately 348,000 barrels of jet fuel.

This shipment to the US followed the export of three cargoes of jet fuel, totalling around 130 million litres, from Nigeria to Saudi Arabia by the Dangote refinery, which has already demonstrated its ability to compete with European refiners on petrol exports.

the right path.”

In a statement, the CBN governor reaffirmed the bank’s commitment to fostering intellectual engagement and policy-driven solutions. He emphasised the value of exchanging ideas and fostering partnerships to strengthen trust and understanding in Nigeria’s financial system.

Cardoso said, “As we reset the bank, we are committed to being a hub for thought leadership. The

“The National Association of Seadogs remains committed to justice, the rule of law, and democratic accountability. We stand firmly against any attempt to undermine the democratic will of the people under the guise of emergency governance.

“Nigeria must not be pushed down a path that erodes its hard-earned democratic values. We call on all well-meaning Nigerians, civil society organizations, and the international community to closely monitor this situation and insist on a democratic resolution that respects the people’s will.”

PDP Youth Leaders Condemn Action

The Forum of PDP Youth Leaders in the 36 states and FCT said the declaration of emergency rule in Rivers State not only violated the principles of democracy but also represented a troubling attempt to undermine the authority of a state governed by PDP.

According to the group, the move is “an orchestrated effort to dismantle the democratic structures that our party tirelessly establishes and maintains”.

In a statement jointly signed by its Gombe State Chairman, Jamilu

Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun, underscored the federal government’s unwavering commitment to macroeconomic stability and investment mobilisation. He cited the successful issuance of a US dollar domestic bond as a signal of renewed investor confidence and financial reform momentum.

The minister drew parallels with London’s historic “Big Bang” reforms, highlighting Lagos’ potential to evolve into a globally competitive financial centre with the right institutional support, a statement issued by the Director, Information and Public Relations, Mohammed Manga said.

EnterpriseNGR Chairman, Aigboje

It is believed that the jet fuel shipments to the US could also challenge the economics of domestic producers in the world’s largest fuel-consuming nation.

Chief Operating Officer of TankTiger, a midstream logistics and independent brokerage and consulting clearing house, Steven Barsamian, confirmed that the deals would likely lower jet fuel prices in the US ahead of the peak summer travel season.

‘’The surge in demand, partly driven by the influx of supply from Nigeria, is expected to lower jet fuel prices in the US ahead of the peak summer travel season,” he said.

Demand to lease storage tanks for jet fuel in Houston and New York Harbor in April is averaging around 700,000 barrels, five to six times the average monthly demand, it was learnt. US jet fuel imports in March have averaged around 226,000 bpd, the highest since February 2023, underlining the global demand for products from Dangote Refinery.

The Dangote Refinery, which commenced production in January 2024, has already exported its products to almost every continent.

While the surge in US imports was partly triggered by a maintenancerelated shutdown at the Phillips 66 Bayway refinery in New Jersey, analysts believe the choice of Dangote’s products highlights its growing pres-

exposure you gain from institutions like Harvard is invaluable, and we see this as an opportunity to build long-term alliances.”

Cardoso is a HKS alumnus, and the first African elected to the global HKS Alumni Board of Directors, as well as a trustee of both the Harvard Club of Nigeria and the Harvard Kennedy School Alumni Association of Nigeria (HKSAAN). In their remarks, President of HKSAAN, Ms. Adaora Ndukwe, and

Kalshingi, and Brown Odeh from Cross River State, the group said imposition of a state of emergency was not just a localised issue, but a threat to the foundational principles of governance across Nigeria.

The PDP youth leaders stated, “By attempting to transition Nigeria into a one-party system, the president plays a perilous game that endangers the political pluralism essential for the healthy functioning of our democracy.

“We call upon all citizens and democratic institutions to join us in resisting this undemocratic manoeuvre and to safeguard the integrity of our electoral processes.”

The youth group urged the National Assembly to reflect on the weight of their responsibilities at this critical juncture in the nation’s history in defence of democracy.

The group said, “It is vital that they rise to the occasion and embody the role of accountable leaders, who advocate the interests of Nigerians, particularly the youth who often find themselves marginalised in political discourse.

“We remind them that their mandate is not only to critique the governing party but to actively engage in policy-making that reflects the hopes and aspirations of their constituents.

Aig-Imoukhuede, emphasised the importance of synergy between federal and state authorities, alongside private sector leadership, in attracting global capital.

Lagos State Commissioner for Finance, Abayomi Oluyomi, outlined the state’s preparedness, referencing the Lagos State Development Plan, the creation of the Lagos IFC Council, and an executive order to catalyse the initiative.

Director of International Development at Citi UK, Anna Rogers commended the coordinated approach and stressed the importance of investor-friendly policies and regulatory clarity for global competitiveness.

Meanwhile, through the partner-

ence in international markets, having successfully competed with European refiners in gasoline exports.

Economist and Chief Executive Officer of the Centre for the Promotion of Private Enterprises (CPPE), Dr Muda Yusuf, stated that the export of jet fuel to the United States by Dangote Refinery remains a point of pride for Nigeria, highlighting the quality, standard, and the trust that the international community places in the refinery.

“Nothing could be more prideful for us as a country than the fact that we now have a refinery producing products that can be exported to the United States. It speaks to the quality, standards, and trust that international communities have in Dangote Refinery, because these are markets that don’t compromise on quality. They have stringent standards, and if they deem it worthy to import from Nigeria, it is a source of great pride,” he said.

The former Director General of the Lagos Chamber of Commerce and Industry (LCCI) also emphasised that Dangote Refinery is enhancing Nigeria’s position on the global stage and should be supported by both citizens and the government.

“That is why all of us—citizens and the government—should do everything to support the refinery, as it is breaking many barriers and boosting our country’s reputation. The lesson here is that we should

HKS Nigeria Trek Delegation Lead, Ms. Sheffy Kolade, both expressed appreciation to the CBN for hosting the delegation.

They commended the bank’s commitment to engaging with future policymakers and providing invaluable first-hand insights into Nigeria’s evolving economic landscape.

The Africa Trek initiative fosters direct interactions between emerging global leaders and key policymakers across the continent.

They must serve as a check on the government, ensuring that it remains accountable and transparent.”

Rivers Gets New SSG, Head of Service

The sole administrator of Rivers State, Vice Admiral Ibok-Ete Ibas, appointed Professor Ibibia Worika as the new Secretary to the Rivers State Government (SSG).

Ibas made the announcement in a statement from Government House, in the early hours of yesterday.

In the statement, the former Chief of Naval Staff said the appointment followed careful consideration of Worika’s credentials, extensive experience, and performance during rigorous selection process.

The new SSG is replacing Dr Tammy Danagogo, who served under the suspended Governor Siminalayi Fubara.

Ibas also announced Dr Iyingi Brown as Acting Head of Service.

Brown is the Permanent Secretary, Welfare in the office of former Head of Service, Dr. George Nwaeke, who according to the statement from Ibas, had resigned from office.

Ibas thanked Nwaeke for the short period he served under his

ship with OECD, Nigeria seeks to improve its business environment, increase access to finance for small and medium-sized enterprises, and enhance its competitiveness in the global economy.

A delegation from OECD led by the Head of the Middle East and Africa Division, Carlos Conde was in Abuja yesterday to meet with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in order to strengthen economic cooperation and explore strategic partnerships.

Receiving the delegation, Edun expressed the federal government’s commitment to deepening its economic ties with the OECD.

This is with a view to ensuring

support the Dangote Refinery and other refineries with similar capacities, as they can provide us with significant leverage,” he added.

Also commenting on the business transaction, public policy expert, Dr Abimbola Oyarinu, stated that the Nigerian economy would be in a better state today if the country had functional refineries in the past, rather than just exporting crude oil while importing refined petroleum products.

“This is something that should have been addressed since 2014. Things wouldn’t have reached this point—such as high inflation and unemployment—if we had a functioning refinery. However, both the government and the people failed to take action until Dangote stepped in with significant investment.

“The Dangote Refinery is not only reducing foreign exchange outflow, but it is also bringing in foreign exchange. It is unfortunate that despite this, some elites and those in power are still intent on sabotaging the refinery and Dangote himself,” he said.

The university lecturer also warned that the lack of ease in doing business and the frustration of local investments could discourage future investors.

“This is something the country should be proud of. We previously had a mono-economy, reliant solely on oil exports, but Dangote has helped diversify the sector by selling finished products to international markets.

Through engagements with visionary leaders, it provides a platform for in-depth discussions on governance, innovation, economic development, financial stability, and the role of central banking in national development.

The visit marked the first time any Africa Trek delegation visited the apex bank, which further reinforced the bank’s dedication to knowledge exchange and strategic partnerships, CBN said.

administration and wished him well.

According to the statement, the appointment of Worika as SSG reflects the administrator’s commitment to harnessing the human capital of the Rivers people to work with him to achieve the much-needed peace, stability and security.

Lawyer Asks Court to Sack Ibas

An Abuja-based lawyer, Mr. Johnmary Jideobi, who asked a Federal High Court in Abuja to nullify Ibas’ appointment, predicated his demand on the grounds that the idea was unconstitutional, null and void.

Jideobi said, in the affidavit in support of the suit, “I have instituted this suit in the public interest, in the defence of the rule of law and accentuation of the supremacy of the constitution and to preserve the integrity of the Nigerian constitution, which is the most sacred document that holds the Nigerian state in balance and in being.

“I am genuinely worried that, in the absence of the intervention of this court, removal of duly elected governors and deputy governors may become the pastime of the president thereby opening the floodgate of anarchy capable of consuming this nation.”

harmonised data systems to support reforms, attract investment, and create opportunities for the country’s youth.

In a statement, the Director, Information and Public Relations, Ministry of Finance, Mohammed Manga said discussions focused on Nigeria’s economic priorities, including capital market development, regional integration, curbing illicit financial flows, sustainable finance, and investment in human capital.

The OECD highlighted its growing engagement in Africa through collaboration with the African Union (AU) regional blocs, and direct country-level support.

“Nigeria was identified as a key partner in West Africa. It also outlined its range of engagements, which

However, which investors would want to invest in Nigeria after seeing what Dangote is going through?” he queried.

Meanwhile, the Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the refining company will revive Nigeria’s struggling textile industry and save the country $267 million in import costs.

In a television interview, Director General of MAN, Segun Kadir-Ajayi, highlighted the struggles of the textile industry, which was once thriving and employed over 25,000 workers aged between 18 and 40 in the northern region alone.

He explained that many companies have been forced to shut down due to the absence of local polypropylene production and the scarcity of foreign exchange required for imports.

He further stated that the production of polypropylene by Dangote Refinery and Petrochemicals will ensure that Nigeria, which currently imports 90 per cent of its annual polypropylene requirements (amounting to 250,000 metric tonnes), will now become a net exporter, generating foreign exchange to strengthen the economy.

“For us in the manufacturing sector, this is a welcome development. It more than covers the 250,000 metric tons that constitute our national demand, which has been severely lacking. You can imagine the sectors it will impact—the textile industry, the plastic industry, the furniture industry.

“We are looking at an amount in the region of $267 million being saved. This is the amount spent every year in scarce dollars to import these materials. It is a welcome development for manufacturers, as it will incentivize investment in the sector,” he said.

Kadir-Ajayi, who lamented how the collapse of the textile industry led to widespread unemployment, stated that with the local production of polypropylene, manufacturers will no longer need to rely on imported

to entertain the suit.

The court agreed with the GHL’s submissions in the notice of preliminary objection and dismissed the entire suit file by FBN for being an abuse of court process and a breach of the orders of Justice Allagoa issued on December 12, 2024 in Suit No FHC/L/CS/1953/2024.

The court held that First Bank conceded in paragraphs 18 and 19 of its counter affidavit opposing the defendants’ notice of preliminary objection that the order made by Allagoa restrained it from enforcing any receivables arising from the facility agreement entered into by the parties.

The court further held that the plaintiff’s attempt to distinguish the instant suit from Suit No.FHC/L/ CS/1953/2024 could not stand, as every subsequent agreement entered into by the parties was pursuant to the legally enforceable Memorandum of Understanding (MoU) between GHL and FBN which was breached repeatedly by FBN.

The court consequently held that by the instant suit, First Bank approached the court to do the very act which Justice Allagoa had restricted it from doing, and as such,

include technical support in areas such as digitalisation, governance, and statistics.

polypropylene. This, he added, will help reduce their costs and improve efficiency.

“We have seen the global trend of the textile industry relying on the petrochemical industry. So, you can imagine what boost this is going to bring to the sector.

“And that it is now available locally and does not require that we continue to look for foreign exchange to be able to meet our demands. It is cheering news for manufacturers,” he said. He urged the federal government and other stakeholders to support the local production of polypropylene through incentives, stating that this would attract more investment into the sector and increase manufacturing’s contribution to the Gross Domestic Product (GDP). He added that this would significantly aid the government’s goal of achieving a $1 trillion economy in the coming years.

Also yesterday, the Dangote oil refinery issued a tender to sell 128,000 metric tons of residual fuel oil in April, according to a summary of the tender document shared by a market source to Reuters.

The refinery will close the tender on Wednesday (today) at 1200 GMT, as it seeks buyers for 88,000 tons of low sulphur straight run fuel oil and 40,000 tons of slurry oil for loading on April 10-12, the summary showed. In addition, Dangote will shut its 204,000 barrel-per-day gasoline-making unit for 30 days for maintenance tentatively expected to start on June 1, according to industry monitor IIR, the Reuters report added. Straight run fuel oil is a feedstock processed through secondary refining units and turned into products like gasoline (petrol) and diesel.

Dangote’s fuel oil exports averaged 75,000 bpd over the period from March to August 2024, but dropped to 20,000 bpd from September, according to shipping data analytics firm Kpler, when its gasoline-making residue fluidized catalytic cracking unit started production, the Reuters report stressed.

the suit was a ‘classic case’ of abuse of court process, and consequently dismissed the suit.

The court also upheld the argument of GHL that the ex-parte orders of January 9, 2025 had lapsed by operation of law.

The ex-parte orders made on January 9, 2025 were as follows:

“An order to arrest and/or attach or lien the entire cargo of crude oil on board the Floating Production Storage and Offloading (FPSO) vessel Tamara Tokoni.

“An order directing the officers of the Nigerian Navy, NUPRC, NIMASA, Harbour Master of the Nigeria Ports Authority to render necessary assistance to the Admiralty Marshall of the Court in giving effect to the order of arrest made in (a) above.”

The court held that the above orders had lapsed automatically by effluxion of time and consequently set them aside.

This has now paved the way for an unhindered arbitration at the Lagos Court of Arbitration where GHL had dragged FBN seeking hundreds of millions dollars in damages for multiple breaches of the bank’s obligations.

Wale Edun

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

Petrol Retailers Excited over 180-day Uninterrupted Operations of PHRC Plant

Peter Uzoho

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the federal government and the management of the Nigerian National Petroleum Company Limited (NNPC) for successfully running the revamped Port Harcourt Refinery for 180 days non-stop.

The association also advised Nigerians against engaging in panic buying of petroleum products over fear of imminent scarcity and price hike following the temporary stoppage of the naira-for-crude arrangement, reassuring that there were sufficient products available to serve the country.

National Public Relations Officer of PETROAN, Dr Joseph Obele, stated these in two separate statements issued yesterday.

He said the Port Harcourt refinery, which had been dormant for over 20 years, was revamped with a loan

secured from the African Export-Import Bank (Afreximbank) and executed by Tecnimont Nigeria Limited, a subsidiary of the Maire Tecnimont Group.

He particularly commended the federal government and the NNPC for their vision and commitment to revitalising Nigeria’s refining capacity, noting the association’s belief that this achievement will have a positive impact on the country’s energy security, economy, and employment opportunities.

“PETROAN commends Tecnimont Nigeria Limited for their professionalism and expertise in delivering a world-class rehabilitation project. We also commend the host communities for their cooperation and support during the rehabilitation process.

“The refinery, which was commissioned in October 2024, has been running continuously for 180 days, up to March, a remarkable feat that underscores the effectiveness of the

rehabilitation project”, Obele said.

He said PETROAN members were currently loading diesel and kerosene from the refinery, while NNPC retail marketers were loading Premium Motor Spirit (PMS) commonly known as petrol, from the facility.

According to him, this development has not only ensured a steady supply of petroleum products but has also helped to eliminate the circulation of fake kerosene and diesel in the market.

Similarly, PETROAN observed with concern the recent tension and panic buying of petroleum products across the country which was attributed to the temporary suspension of sales in Naira by Dangote Refinery, and reassured the public that that was not a justification for panic buying.

The association argued that the NNPC has two functional refineries at the moment in addition to other modular refineries, as well as importers, that are also supplying petroleum products to the market.

Ogun to Partner Brazilian Firm on Power Generation, Agriculture

Ogun State Governor, Dapo Abiodun, is set to partner Ambar Energia of Brazil to establish power plants in the state as part of his administration’s commitment to guarantee adequate supply of power and food security to residents.

The governor noted that Ogun state, being the industrial capital of Nigeria, must optimally utilise the amendment of the 1999 constitution, which decentralises power generation and allows federating units to generate their electricity independently and sufficiently according to need.

Abiodun stated this while receiving a delegation from Ambar Energia, led by its President, Marcelo Zanatta, who paid a courtesy call on him in his office at Oke-Mosan,

He said the state was in dire need of energy to meet the demands of the numerous factories operating in the state, as the current energy allocated to the state was not adequate.

He mentioned that Ogun and Lagos states currently consume about 40 per cent of the 6,000 megawatts of energy generated in the country, adding that with the nation’s demand projection of 45,000 megawatts in 2030, Nigeria holds a lot of potential that the company could explore.

“The power plant we are building now had four megawatts before, but we are increasing that with the one we are currently building. The first phase is meant to be 30 megawatts to serve the state government offices and residential areas, and this is

just a drop in the ocean.

“What we plan to do is to build similar plants in the three zones of the state, and they will be like captive plants. We desire to partner with Ambar to generate the required electricity for the state and also assist in the distribution,” the governor noted.

The governor emphasised that Ogun State is blessed with natural resources like gold, lithium, bitumen, silica, and limestone, among others, just as it is the largest producer of cement, cassava, poultry, and eggs, stating that electricity is needed to unlock these potential.

Abiodun noted that the state is divided into different industrial clusters like Ijebu-Ode, Abeokuta, Atan-Agbara, Remo, Imeko-Afon, and Aworo for easy location of industries by investors.

PFN Calls on Fintiri to Pardon Farmer Sentenced for Killing in Self-defence

John Shiklam in Kaduna

The Secretary General of the Pentecostal Fellowship of Nigeria (PFN), Bishop David Bakare, has appealed to Governor Ahmadu Fintiri of Adamawa state, to pardon Sunday Jackson, the farmer sentenced to death for killing a Fulani herder in self-defence.

Speaking in an interview on Tuesday in Kaduna, Bakare pleaded with the governor to have mercy on Jackson in the spirit of love.

“There are many reasons why we feel the judgement should be better, but the Supreme Court has acted supremely, but the governor

should act by the mercy that is supreme over judgment.

“He should grant Jackson pardon in the spirit of love and for the fact that all of us are pleading for mercy from God,” Bakare stated.

On March 7, the Supreme Court upheld a ruling which sentenced Jackson to death for killing his attacker in self-defence. Jackson was reportedly cultivating his farm when the herder, armed with a knife, attacked him and stabbed him.

He was said to have overpowered his aggressor in self-defence, resulting in the herder’s death.

But in a ruling in 2021, an Ad-

amawa high court sentenced Jackson to death for murder. The court held that Jackson had the opportunity to escape rather than stab his attacker.

Jackson’s counsel, Emmanuel Ogebe, an international human rights lawyer, had in an interview on Arise TV, criticised the judgment of the apex court, saying the world should be alarmed by “this very unfortunate precedence ”.

Ogebe recounted how he took on the case to defend the accused after recognising it as a clear case of self-defence. “This is really a sad day for Nigerians and their rights to self-defence,” he said.

Nigeria, Spain Sign MoU on Political Consultations, Regular Dialogue

Michael Olugbode in Abuja Nigeria and Spain have signed a Memorandum of Understanding (MoU) on political consultations, establishing a mechanism for regular dialogue to advance areas of mutual interest and consolidate cooperation between both countries.

A joint statement by the Minister of Foreign Affairs, European Union and Cooperation of the Kingdom of Spain, José Manuel Albares and the Minister of Foreign Affairs of Nigeria, Yusuf Tuggar, said the agreement will further strengthen bilateral relations between both countries.

The document was signed in Madrid within the framework of the Spain-Africa Strategy 2025-2028.

“During this meeting, both Ministers signed a Memorandum of Understand-

ing (MoU) on political consultations, establishing a mechanism for regular dialogue to advance areas of mutual interest and consolidate cooperation between Spain and Nigeria.

“Nigeria is a strategic partner for Spain in West Africa, a region of special priority within the Spain-Africa Strategy. Likewise, Spain is a strategic partner for Nigeria and a key ally within the European Union, playing an active role in promoting stronger relations between the EU and the African continent,” it stated.

In this context, the statement stressed that both ministers reaffirmed their commitment to strengthening collaboration in various fields, including economic development, security, education, energy, and the fight against climate change.

“They also discussed the regional

situation, particularly in the Sahel and West Africa, highlighting the importance of the Economic Community of West African States (ECOWAS) as a key player in regional stability and development. Additionally, they exchanged views on other challenges facing the continent.

“On international affairs, the ministers shared their concerns regarding the situations in Gaza and Ukraine, reaffirming their commitment to peace, stability, and respect for international law.

“Both ministers agreed that this visit represents a significant step in deepening relations between Spain and Nigeria. They reiterated their commitment to continuing close cooperation for the benefit of their peoples and the strengthening of Africa-Europe relations,” it added.

ames Sowole in Abeokuta

Abeokuta.

Acting Group Politics Editor DEJI ELUMOYE

Email: deji.elumoye@thisdaylive.com

08033025611 sms only

Senate: As Call for thorough Investigation of Natasha’s Petition Thickens

mon-Charles Egbo writes that the 10th senate is now neck-deep into its most sensational defining moments with salient issues evolving around President of the senate, Godswill akpabio and suspended senator natasha akpoti-Uduaghan in recent times.

Presently, the Red Chamber’s integrity and by extension that of the National Assembly, is on trial. For the record, the suspension of Kogi Central Senator, Natasha Akpoti-Uduaghan was sequel to her unruly conduct on the floor of the Senate.

Again, and so far, the President of the Senate, Godswill Akpabio did not sexually harass Natasha Akpoti-Uduaghan.

However, there was indeed a very close relationship between Natasha and Akpabio.

For example, both of them have the same day of birth which could have been marked individually, but Natasha sacrificed her celebration just to honour Akpabio’s event at his Akwa Ibom State.

Furthermore, Natasha was not only a firsttimer; she came to the senate about six months after her colleagues were inaugurated, yet she was assigned the chairmanship of a ‘juicy committee’ in addition to being nominated to represent Nigeria at the Inter-Parliamentary Union (IPU). In other words, she stepped into bigger shoes than her legs, though as a deliberate policy, all four female senators head committees.

So in summary, what has thrown the senate into this messy situation is a relationship breakdown between Akpabio and Natasha where the latter is seemingly on a vendetta mission.

Then instructively, the unfortunate escalation of the feud was facilitated by those who ‘love’ Akpabio more than the rest of us. They are responsible for this avoidable attack on our democracy. Their ‘love’ for Akpabio is merely driven by regional sentiments, his office and of course, President Bola Tinubu’s political interest. Impliedly, it is this cupboard love which undermines national interest that has boxed the Senate into this tight corner.

To begin with, there was an outburst during the plenary wherein Akpoti-Uduaghan alleged victimization against Senate Akpabio.

Two days later, she took to national television to add that she had been sexually harassed by Akpabio on two particular occasions. She emphasized that it was her refusal to succumb to the pressure that put her in a disadvantaged position culminating in her removal as chairman of the Committee on Local Content and also reallocation of her seat.

Meanwhile, it was her refusal to take up her

newly assigned seat and the refusal of Akpabio to allow her to speak from her old sitting position that triggered the outburst which indeed, violated the privileges of the senators. The anger and resentment of the senators were to be aggravated by the television outing. She could have exploited all the internal mechanisms to address her concerns rather than exposing the institution to public ridicule.

But as condemnable as her actions are, it was the ensuing reactions that did worse harm.

This is because actions that are lacking in strategy and tact ultimately undermine target goals and objectives, despite the genuineness of the intentions.

In this context, Natasha made an allegation that cast doubt on the integrity of Akpabio, both as a senator and an embodiment of the most critical arm of the federal government. But rather than perceive it as a national concern given that the Senate of the Federal Republic was under attack, it was reduced to a war of attrition between the two senators.

Apart from his wife, those who ‘love’ Akpabio more than the rest of us allowed primordial sentiments to becloud their senses of judgment. The old-fashioned mentality of “we and

Akpoti-Uduaghan

they” is today elevated to a towering height where no one remembers any longer why she was suspended in the first place.

Within hours after Natasha’s outburst at the senate, an aide of the senate president took to social media to cast aspersions on her, describing her in the most derogatory manner to the extent of writing that Natasha puts on transparent dresses to the senate.

Similarly, a principal officer of the senate variously rose in media defence of the senate president and went all out against Natasha including telling Nigerians how Natasha had six children by six husbands, among others.

Yet again, within hours after Natasha’s television presentations, the senate president’s wife understandably driven by emotion, held a press conference in defence of her husband. Amidst her arguments, she expressed an opinion that Natasha’s husband was certainly not in support of what the wife said about and against Akpabio. This was immediately followed by a protest against Natasha by some women at Uyo, Akpabio’s Akwa Ibom state capital calling her names.

Meanwhile, Natasha had slammed a suit against the office and person of the senate president for defamation by the aide of Akpabio who was also joined as a defendant.

Equally not done by the media defence of her husband, Akpabio ‘s wife instituted a case of defamation against Natasha.

Then expectedly, Natasha’s husband issued a public statement admitting that Akpabio

It is not about defending Akpabio with desperation but about enhancing opportunities to establish his innocence. Votes of confidence, protests and advocacies do not, and cannot constitute proof of innocence. Those concerned should understand that attacking individuals and their comments or offending the sensibilities of dissenting voices only aggravates issues otherwise this is certainly not how to love Akpabio.

indeed harassed Natasha sexually and that he had earlier confronted Akpabio on the matter. It was at this point that a cross-section of Nigerians called for a thorough investigation of the weighty allegations. Raising concerns about the impact of the issue on the image and reputation of the federal legislature, they were unanimous that Akpabio should vacate his office pending the conclusion of the suggested probe. But, except for ignorance or mischief, this call is overtly untenable because a mere allegation is not sufficient for any leader to step aside. History is replete with cases where officeholders were removed when it became necessary. So, if Akpabio is found wanting, he knows that nothing spares him. Not even those who ‘love’ him more than the rest of us.

Continuing, Akpabio’s spokespersons variously absolved their principal of the allegations, rightly faulted the calls for Akpabio’s resignation and remarkably, hinted that the allegation stemmed from a gang-up against Akpabio because he is from the South-South geo-political zone of the country and also that Natasha was avenging her removal from the ‘juicy’ committee.

Still on national television, former senator Florence Ita-Giwa argued that it was infantile and questionable for Natasha to allege sexual harassment, having gone through the rigours of elections. Does this imply that sexual harassment is either common or non-existent in the Senate?

As for Senator Ireti Kingibe, her only concern was that, of all the four female senators, Natasha has been the only one who has enjoyed the best of privileges. Whatever this connotes is left to conjecture but it asserts that there was a rosy era for Akpabio and Natasha.

Fast forward! There were protests for and against Akpabio at the gate of the national assembly with the latter receiving a bloody nose from the security operatives.

Meanwhile, the senate had activated its committee on ethics, privileges and public petition to review Natasha’s disruptive conduct at the plenary.

-Egbo, a parliamentary affairs analyst, writes from Abuja

Akpabio

RECONGISED FOR EMPOWERING WOMEN...

Founder, Next Generation Foundation, Dupe Olusola (left),and Director of the World Intellectual Property Organisation (WIPO) Nigeria Office,

and Women Business Summit 2025 where Olusola was recognised for empowering women in Abuja... recently

Ijaws Call for FCT Minister’s Suspension Over Denigration

To hold rallies in Bayelsa, Rivers

Sylvester Idowu inWarri

The Ijaw ethnic nationality have called on President Bola Ahmed Tinubu to, as a matter of necessity, suspend the Minister of the Federal Capital Territory (FCT), Nyesom Wike, over his spurious denigration of the entire Ijaw ethnic group and the insult on late Pa E.K. Clark.

Ijaw ethnic nationality, who gathered at Bomadi, headquarters of Bomadi local government area

of Delta State, yesterday, made the call at a one-day Ijaw National Sensitisation Rally tagged “Stand Up for Ijaw Nation and Pa E.K. Clark.

The Congress for Niger Delta Ethnic Nationalities (CONDEN), who convened the programme in collaboration with the Ijaws of the Western Zone, noted that it had become necessary for Ijaw to proclaim their unwavering commitment to the struggle for

FG Contractors Decry Payment Delay

Some contractors handling federal projects across the country have accused the government of deliberately stalling works through funding delays.

According to the contractors, the failure by the federal government to disburse funds has not only forced them to abandon sites but is also making them to incur more losses.

Speaking through a statement on behalf of the contractors, Austin Emegwagwa, claimed that contractors were last paid in October 2024.

He said: “The new payment method is referred to as bottom-

up, and unfortunately, the bottom-up for November to March has not been paid. Up till now, the releases for the 2024 budget to MDAs is not up to 50 per cent.”

He said contractors have abandoned sites except those handling the Lagos-Calabar coastal road, whom he claimed are even being paid in advance.

“We have never experienced this long delay since the dawn of the current democratic dispensation. Contractors were paid last in October 2024. So, from November to date, there has been a long wait for payment,” he said.

Osun Rejects CBN Report on its Nominee

The Osun State Government has rejected the position of the Central Bank of Nigeria (CBN) on its nominee for the directorship of Living Trust Mortgage Bank, urging the apex bank to review its position in the interest of due process, compliance with regulatory acts and shareholder interest.

The state government posited that as a major shareholder and as largest depositor in the said bank, the state has inalienable right to nominate a director which in this case is Dr Wale Boluwaduro.

While affirming that its nominee has no criminal or professional misconduct, the government urged the leadership of the apex bank to reconsider its so as to protect the state’s interest as a major shareholder in the said bank.

Osun state government posited that failure to grant the state its due rights in the appointment of a director may lead to a review of its banking relationship with the Living Trust as the depositor with various running costs of the Ministry, Department and Agency in the bank.

Gombe Residents Loot Food Items Branded with Seyi Tinubu’s Name

Segun Awofadeji in Gombe

Residents of Gombe State last Sunday hijacked and looted a trailer conveying cartons of food items branded in the name of the president’s son, Seyi Tinubu.

THISDAY checks revealed that the truck was overpowered at one of the popular junctions known as old Bauchi Motor Park, on Gombe-Bauchi road.

THISDAY also learnt that the fully loaded truck was conveying food items in the

cartoons branded in Seyi Tinubu’s name, meant to be distributed by him when he visits the state.

In a video that went viral on various social media platforms, the content of the cartons includes a small bag of rice, macaroni, sugar, salt, and a bottle of cooking oil.

Seyi was scheduled to visit Gombe last week in continuation of his nationwide tour but was later cancelled for an undisclosed reason.

their rights and dignity.

The President of the Ijaw National Congress (INC), Prof. Benjamin Okaba, speaking at the rally noted that the Ijaw nation had remained silent for too long, stressing the denigration and insult

Kano:

on the entire Ijaw nation and late Pa Clark by the FCT minister was disrespectful and sacrilegious.

“We have remained silent for too long, it’s time for Ijaw to act and the time is now, it’s time to redeem our image as Ijaw people.”

“When you told an Ijaw man that you are lazy, a reasonable Ijaw man will not fight you at that instance.

“Wike, who sent thunder against the entire Ijaw people is being inflicted by his own thunder that

backfired on him, and we’re going to replicate this rally in Bayelsa and Rivers States. After then, the real action will be taken and we’ll not go into any battle with anybody because we know the processes to achieve our goal,” he said.

A’Court Hears Nine Appeals on Conduct of LG Polls April 8

Alex Enumah in abuja

The Court of Appeal sitting in Abuja has adjourned till April 8, hearing in all appeals surrounding the conduct of local government elections in Kano State.

Presiding judge of a threemember panel of the appellate court, Justice Georgewill Ekanem, announced that all the nine appeals are fixed for definite

hearing on the adjourned date after lawyers to all parties identified and regularised their respective arguments in the appeals.

Besides, the court ordered service of court processes as well as date for hearing on some parties not present in court at the day’s proceedings, adding that court documents showed that they served with the various appeals as well as hearing date.

Among the appeals entertained at Monday’s proceedings included that between the Attorney-General of Kano State versus the All Progressives Congress (APC) and three others; Kano State Independent Electoral Commission (KSIEC) versus Kano State House of Assembly and others and Dr Ahmed Ajuji and 20 others versus the Independent National Electoral Commission (INEC).

Meanwhile, in the appeal between Kano State House of Assembly and another versus Aminu Aliyu Tiga and 14 others marked: CA/KN/233/2024, the lawmakers are asking the appellate court to void and set aside the judgment of the Federal High Court in Kano, which had in last October restrained the KSIEC from proceeding with the polls.

Oyebanji Promises More Appointments for Muslims in Ekiti

Gbenga SodeindeinadoEkiti

Ekiti State Governor, Mr Biodun Oyebanji, has assured the Muslim community that more of their members will be appointed into strategic positions in his government.

The governor gave the assurance on Monday evening when he joined hundreds of Muslims leaders and

faithful across the state to break their fast at the Lady Jibowu Hall, Government House, Ado-Ekiti Governor Oyebanji thanked the Muslim community for their continuous prayers and support for his administration, stressing that their prayers have been instrumental to the peace, stability and development the state is witnessing.

While commending Muslims

in his cabinet for being good ambassadors, the governor said their dedication and contributions have positively impacted his administration, assuring that the number of Muslims in his government would not decrease but instead increase as his tenure progresses.

“I don’t have much to say today than just to thank you and I will

continue to appreciate you every day for your prayers and support. I deeply appreciate you for dealing with me with a pure heart.

“When the SSG reeled out the number of Muslims in our government, it cannot be less than that, it can only be more and before the end of this tenure, we will bring more people to the government”, the Governor assured.

Cascador, NSIA Partner to Empower Nigerian Entrepreneurs

Cascador and the Nigeria Sovereign Investment Authority (NSIA) have formed a strategic partnership to drive innovation and support homegrown solutions with the potential for transformative impact.

According to a statement, the partnership will enable them build positive socio-economic outcomes through strategic domestic infrastructure investments and provide fiscal support in times of economic distress.

The partnership comes as

Cascador launches its $2 million annual Catalytic Fund designed to provide growth capital to alumni of its programme, and follows NSIA’s launch of the third edition of the NSIA Prize for Innovation programme tailored to support early stage businesses within Agriculture, Healthcare and Education. NSIA’s involvement will further enhance the support available to promising entrepreneurs.

This year’s focus sectors

include Healthcare, Education, and Agriculture—areas critical to Nigeria’s development and aligned with both organizations’ impact objectives.

Commenting, Founder of Cascador, Dave DeLucia, said: “By leveraging NSIA’s institutional expertise and Cascador’s track record of developing high-impact entrepreneurs, this partnership unlocks new opportunities for Nigerian business leaders tackling pressing societal challenges.”

Also commenting, Managing Director, NSIA, Aminu Umar-Sadiq said:”NSIA remains committed to expanding economic opportunities and advancing innovation as a key component of National development. We believe that supporting high-potential entrepreneurs is pivotal to driving sustainable economic growth. Correspondingly, our collaboration with Cascador aligns with our overall strategy to meaningfully create value in Nigeria.”

Delta Monarch Seeks Support for Tantita in Safeguarding Oil Pipelines

Sylvester Idowu in Warri

A prominent traditional ruler in the Niger Delta, His Majesty King Obukowho Monday Whiskey, has urged patriotic citizens in the region to support the Tantita Security Services Limited (TSSL) in safeguarding oil pipelines rather than resorting to blackmail.

The paramount ruler of the oil-rich Great Idjerhe Kingdom expressed concern in a statement issued yesterday over recent attempts to discredit the security firm attributing them to individuals who have lost illegal sources of income due to Tantita’s operations.

He said: “I am saddened that instead of working for greater peaceful coexistence, some faceless individuals who lost their illegal means of livelihood as a result of Tantita Security’s operations are now regrouping to blackmail the authorities of Tantita Security.”

King Whiskey, who is also the national chairman of the Host Communities (HOSCON) Traditional Rulers and Elders Advisory Council, emphasised that Tantita’s work has significantly contributed to environmental restoration, increased crude oil production and job creation for thousands of Niger Delta youths.

APPSN Lagos Charges Members to Enhance Surveying Practices

The Association of Private Practising Surveyors of Nigeria (APPSN), Lagos Chapter, has urged its members to upgrade their knowledge of surveying practices to meet global standards. During the swearing-in of new Executive Council Members at the 2025 annual general

meeting and luncheon, the Chairman of APPSN, Ibikunle Adaranijo, emphasised the need for continuous education and training, noting that event’s theme: “Unlock The Untapped Potential in the Surveying Profession,” highlighted the association’s commitment to growth.

Adaranijo announced plans to develop a new strategic plan, invest in training programs, and strengthen advocacy efforts to educate the public on the benefits of patronizing registered surveyors.

Guest speaker, Olugbenga Adekoya identified key challenges facing the profession, including slow technological adoption, limited scope of services, and inadequate branding. He emphasised the need for modern technologies, continuous education, and robust collaboration.

Oluwatobiloba Moody, at the WIPO’s Intellectual Property

Yinka Kolawole in Osogbo

Kayode Tokede

The Debt Management Office (DMO), on behalf of the federal government borrowed an estimated N1.94 trillion via the FGN bond auction in the first quarter of (Q1) 2025 to finance the 2025 budget deficit.

The government is projected to borrow approximately N13 trillion from FGN bonds in 2025 to finance budget deficit, with a significant portion expected to be raised in the first quarter through a mix of new and re-opened bonds.

Last year, the government borrowed an estimated N5.84 trillion from the FGN bond market to bridge its 2024 budget deficit.The total subscription across the seven bond tenors was N1.17 billion in Q1 2025,

while the total amount offered by DMO stood at N1.1 trillion in Q1 2025.

As gathered by THISDAY, the sharp rise in demand led to higher allotments in Q1 2025, even as yields fell, reflecting stronger investor confidence in Nigeria’s debt market.

The DMO in its latest FGN auction result for March 2025 offered investors N300 billion FGN bond, and its subscription level was at N530.31 billion.

The debt management office, thus allotted N423.68 billion.

The DMO had re-open 19.30 per cent FGN APR 2029, The February 2025 auction involved reopening the 19.30 per cent FGN APR 2029 (five-year bond) and the 18.50 per cent FGN FEB 2031 (seven-year bond).

The total amount on offer for

both bonds was N350 billion, with N200 billion allocated for the five-year bond and N150 billion for the seven-year bond.

However, strong demand saw the total allotment jump to N910.39 billion, surpassing both the initial offer and the total allotment for January.

The five-year bond’s allotment rose to N305.36 billion, nearly four times its January level, while the seven-year bond’s allotment also jumped to N605.03 billion.

The DMO in January 2025 auction had successfully raised a total of N669.94 billion, with N601.03 billion allotted across three bond tenors. The debt management had seek investtors support to raise N450 billion.

The January 2025 FGN bond

auction had marked another significant milestone in the government’s bid to finance critical infrastructure projects and support budgetary needs through domestic borrowing

The DMO said the robust subscription levels highlight continued investor confidence in the government’s debt instruments, driven by attractive yields and Nigeria’s stable credit ratings.

Analysts stated that the lower bond yields typically indicate that investors perceive reduced risks and are willing to accept lower returns in exchange for safety.

Also, the strong participation in Q1 2025 auction suggests that large institutional investors, such as pension funds and asset managers, had excess liquidity

to deploy, further compressing yields.

Meanwhile, analysts stated that the strong demand for FGN bond to attractive yield, which offers investors high returns on their investments, stressing that the oversubscriptions also revealed that investors have confidence in the federal government’s ability to meet its debt obligations.

Commenting, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf had stated that the FG notified the general public of borrowing more this year.

He said, “With all the volatility and foreign exchange issues, it makes sense to borrow at the domestic market rather than borrowing from the

international market. It is all a reflection of our macroeconomic environment challenges and weak fiscal policy of the government.

“All this borrowing also is a reflection of the weak financial position of the government and it will continue like that this year.

“The appetite for FGN bonds indicates that PFAs, and Nigerian investors prefer investment instruments with less volatility that assures them of their capital returns albeit with low yield on investment.” Meanwhile, in recent years, Nigeria’s rising debt profile has been a topic of concern, as Vice President, Highcap Securities Limited, Mr. David Adnori, warned that the country’s debt levels are unsustainable.

Analysts have reiterated that relative stability in the foreign exchange (FX) market is playing a crucial role in easing inflationary pressures.

This is coming as Nigeria’s inflation rate declined for the second consecutive month in February, dropping by 1.3 percentage points to 23.2 per cent year-on-year—the lowest level since June 2023.

Analysts attribute this trend to a combination of high base effects, improved food supply from late harvests, and the federal government’s strategic intervention in grain distribution.

According to a report by Afrinvest, food inflation,

which constitutes 40 per cent of the inflation basket, declined significantly by 2.6 percentage points to 23.5 per cent year-on-year in February. Meanwhile, core inflation, which excludes volatile items such as farm produce and energy, edged higher to 23.0 per cent from 22.6 per cent in the previous month.

The moderation in headline inflation follows the recalibration of Nigeria’s inflationary trends after a sharp drop in January due to a rebasing exercise. On a month-on-month basis, the headline inflation rate printed at 2.0 per cent in February, while food and core inflation stood at 1.7 per cent and 2.5 per cent, respectively down

from 10.3 per cent and 10.9 per cent in January.

Despite these improvements, risks remain. Analysts warn that recent developments, such as Dangote’s decision to suspend the supply of Premium Motor Spirit (PMS), could drive prices higher adding, “Additionally, lingering demand-supply imbalances in the FX market pose a threat to long-term price stability.”

According to the analysts: “Looking ahead, we anticipate further moderation in inflation on the back of sustained foreign exchange stability (as the CBN remains committed to supporting the home currency) and relative stability on energy goods, being major inputs to

production. However, factors like the recent development on Dangote suspending the supply of Premium Motor Spirit (petrol) in Nigeria could drive prices higher, while the persistent demand-supply imbalance in the FX market could threaten long-term stability.”

Meanwhile, the Monetary Policy Committee (MPC) has held interest rates steady for three consecutive months following aggressive rate hikes totaling 875 basis points in 2024. Analysts suggest that this approach is likely to continue in the short term, given the recent inflation trajectory.

“However, the possibility of a rate cut at the next MPC meeting, scheduled

for May 19-20, will depend on sustained improvements in macroeconomic indicators.

“On the home front, Nigeria’s headline inflation moderated yet again, by 1.3ppts to 23.2 per cent y/y in February, marking the second consecutive deceleration in the year and the lowest since June 2023 (22.8 per cent). This was majorly on the back of food inflation declining significantly due to the high base year effect and the price relief owing to late harvest and strategic supply intervention of grains by the Federal Government.

“Food inflation, which accounts for 40.0 per cent of the basket, declined to 2.6ppts y/y to 23.5 per cent in February. Meanwhile, core inflation, which

excludes the prices of farm produce and energy bucked this trend as it printed at 23.0 per cent y/y from the previous 22.6 per cent. As anticipated, the month-on-month headline rate registered at 2.0 per cent to better reflect reality from the 10.7 per cent m/m decline recorded in January due to the rebasing exercise. In the same vein, food and core inflation sub-baskets printed at 1.7 per cent and 2.5 per cent respectively, from the 10.3 per cent and 10.9 per cent recorded in January. Furthermore, we can partly attribute the ease on price pressures to relative stability on FX within the month as it does play a major role in inflation,” the report concluded.

Nume Ekeghe

Olubunmi: Bank Recapitalisation Will Spur New Economic Sectors, Strengthen Growth

In this interview, Head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, provides insights into the ongoing banking recapitalisation exercise and its broader implications for Nigeria’s economy. He spoke on how the increased capital base will not only strengthen the banking sector but also create opportunities for emerging industries that could drive long-term economic growth, Nume Ekeghe presents excepts:

My first question will be on banking recapitalisation. What are your thoughts on the recent mergers, also, do you foresee any more mergers before the end of the year, and if so, can you at least tell us the ones you think would happen?

First of all, we need to realise that the recapitalisation of the banking industry is a long road, and it is not over until it is over. As of today, 24 March 2025, I would say that almost all banks seem to be in line with their recapitalisation plans.

The Central Bank of Nigeria (CBN) required every bank to submit their recapitalisation plan outlining how they intend to raise the necessary funds at the outset of the recapitalisation exercise in April 2024. Many of the banks are significantly in line with the submitted plan.

The mergers we are seeing in the industry, as you mentioned, were not entirely driven by recapitalisation. Some of these mergers involved banks that were already struggling, and the CBN sought out institutions that could help stabilise them. Additionally, we have seen divestment from a merchant bank. However, for now, most banks are focused on raising capital independently. That being said, a lot can still happen.

In terms of recapitalisation, some banks are targeting foreign inflows. Can you speak on the FX inflow so far, the improvements it has had, and do you think it will be sustained?

When this exercise started last year, many people underestimated the volume of domestic funds available in Nigeria’s financial system and capital markets. Initially, the expectation was that foreign capital would play a major role in the recapitalisation process. However, out of the N4 trillion required for the industry’s recapitalisation, about N2 trillion has already been raised, largely from domestic investors.

From the feedback we are getting, most banks are not heavily relying on foreign investors only a handful of banks are actively seeking major foreign investments. The impact of recapitalisation on foreign inflows will likely come from banks’ ability to support businesses

that attract foreign interest rather than directly from the recapitalisation process itself.

Still on FX inflows, considering the political landscape, do you think investor confidence will be sustained, or do you foresee a decline?

Most foreign inflows we have seen so far are from portfolio investors, primarily bargain hunters looking for high yields. The uptick in yields last year was a major driver of foreign inflows. We also cannot overlook the role the CBN played in engaging foreign investors through roadshows and assuring them of the ease of repatriating their funds.

Given that most of these foreign investors are bargain hunters and a lot seem to be at ease with the political environment, if yields remain

Insurance Reform Bill: Waiting for Presidential Assent

With the recent passing of the Insurance Sector Reform Bill by the House of Representatives, Ebere Nwoji reports that all eyes are on presidency for assent to the bill expected to kickstart insurance sector reforms

One of the greatest shocks which struck insurance sector operators at the end of former President Muhammadu Buhari’s eight years regime, which lasted from May 29th 2015 to May 29th 2023, was the administration’s failure to sign into law the Consolidated Insurance bill.

To insurance sector operators, the bill which has been lying on the table of lawmakers since the year 2010 holds the future of insurance sector as most of the laws in the prevailing 2003 insurance Act have been overtaken by events.

This being the case, the sector needed presidential assent to the bill more than any other thing during Buhari’s regime but this did not happen as the insurance bill suffered total neglect by the Buhari Administration.

OPERAtORS’ FEElINGS

Indeed, with the former president’s endorsement of eight bills into law few days before the expiration of his tenure excluding the much expected Consolidated Insurance bill which was already passed by the two chambers of the 9th National Assembly, the insurers concluded that the regime of Buhari had no regard for the insurance sector having met the bill unattended to and left it unattended to. Against this back drop, the insurers decided to take their fate by their hands by returning to the drawing board to repackage and present another bill tagged, “Insurance Sector Reform Bill,” to the present 10th National Assembly.

With the passing of the bill by the law makers, all eyes are now on president Ahmed Bola Tinubu for the final endorsement for a new Act.

INSuRERS’ EFFORtS

From the onset of their resolution to present a fresh bill to the 10th National Assembly, the insurers were advised not to leave any stone unturned in their push for early passage of the bill especially during President Ahmed Tinubu’s

first tenure.

The Nigerian Insurers Association (NIA) shortly after the operators’ disappointment with Buhari’s administration for non-assent to the bill, said it would collaborate with NAICOM to finalise issues surrounding the signing into law of the bill.

THISDAY recalls that before his appointment as the present Commissioner for Insurance, Mr Olusegun Ayo Omosehin, as the then NIA Chairman led the NIA leadership to meet the Chairman House Committee on Insurance and Actuarial Matters of the House of Representative, Hon. Ahmed Jaha to seek support for the bill. He craved his support to ensuring that the bill received the needed attention that would lead to its passage into Act.

Little wonder why barely one year into his assumption of office as the present commissioner for insurance and Federal Government’s adviser on insurance matters, the Insurance Sector Reform Bill has been passed by the two chambers of the National Assembly.

NAtIONAl ASSEmBly

It will be recalled that on December 16, 2024, the senate passed the Insurance Reform Bill with the highlight being the approval of M25 billion minimum capital for non-life insurance firms, N15 billion for life and N35 billion for reinsurance firms. This was hailed by NAICOM and just a week ago, the House of representative passed the insurance bill with NAICOM describing it as Landmark achievement and a significant milestone towards transforming Nigeria’s insurance sector.

attractive, many will stay. If yields reduce, I would not be surprised if foreign investors start leaving the country again. For long-term stability, Nigeria needs to attract more Foreign Direct Investments (FDI), as portfolio investors are primarily focused on short-term gains.

The last MPC held the Monetary Policy Rate (MPR) was held. Do you think we will see an easing soon? Also, considering that the US Fed is considering increasing its rates, do you think foreign investors would take flight?

The CBN Governor when he came into office, emphasised that MPC decisions will be data-driven, and the tightening stance has been aimed at curbing inflation. The recent inflation data for February showed some moderation, but it is still too early to make definitive conclusions.

I expect the MPC to adopt a cautious approach at the next meeting. If you look at the inflation numbers, the inflationary pressures are still there albeit reducing. If inflation continues to decline, I expect the MPC to react by easing, but it will be gradual. Unlike the rapid rate hikes, any easing will be measured to maintain foreign investor confidence, as Nigeria remains a relatively high-risk environment where investors seek risk-adjusted returns.

On Trump’s economic policies and his protectionist stance, what impacts do you foresee on investment in Nigeria?

Trump’s policies could significantly alter global economic dynamics, especially supply chains. Countries like China, which have had strong trade relations with the US, may look for alternative markets for their goods. I would not be surprised if some countries are looking at Nigeria with its large and youthful population, as an attractive destination, depending on how we position ourselves.

However, the real concern is Trump’s energy policies. His plans to lower crude oil prices could have significant implications for Nigeria, given that

oil remains our largest foreign currency earner. While we have recorded some gains in oil production, the situation in the Niger Delta remains uncertain. If oil prices drop and production is not sustained, it could negatively impact Nigeria’s economy.

The emphasis now is on diversification. In the financial sector, where do you see the most attractive opportunities for diversification?

One of the positive outcomes of the ongoing recapitalisation is that we expect banks to develop new sectors. If you look back to the 2004/2005 recapitalisation, certain sectors that had minimal contributions to GDP flourished post-recapitalisation, as banks had more funds and explored new areas. We expect some new sectors that can actually emerge and could support the economy.

Coincidentally, we are also having the recapitalization of the insurance industry based on the passage of the Nigerian Insurance Reform Bill 2024, we could see increased financial sector stability. Additionally, the ongoing tax reforms bill can also help the fiscal space, if well implemented, could catalyse private sector growth. Nonetheless, Nigeria’s challenge has never been about enacting good legislation but rather its implementation.

What are your projections for the financial landscape for the rest of the year? Also, how is Agusto & Co. contributing to the ecosystem? Provided there are no major shocks, the consensus among economists is that 2025 will be relatively better than the past two years. While improvements may not be dramatic, the financial sector should experience more stability. Many banks now have additional resources from their capital raises, which could be deployed more effectively.

The key risk to watch is how the industry manages the expected decline in yields. If disinflation continues, yields will likely decline, the question is how do you manage the situation.

The story continues online on www.thisdaylive.com

Olubunmi

Building Africa’s Future: How Moneda and MeCash are Redefining Financial Solutions for SMEs through ‘Musa’

Access to finance remains one of the biggest challenges for small and medium-sized enterprises (SMEs) across Africa, particularly in the Energy, Agriculture, and Minerals sectors. Recognising this gap, Moneda and MeCash recently partnered to launch Musa, a cutting-edge financing platform designed to provide fast, flexible, and transparent funding to businesses operating in Africa’s natural resource value chain. By leveraging technology-driven credit assessment models and alternative financing solutions, Chiemelie Ezeobi writes that Moneda and MeCash are not just funding SMEs—they are empowering businesses, creating jobs, and driving economic transformation across the continent

For decades, small and medium-sized enterprises (SMEs) across Africa have faced a persistent challenge—access to finance. Despite being the backbone of economic growth, many SMEs, particularly those in the natural resources sector, struggle to secure funding due to stringent lending conditions and a lack of financial infrastructure.

Moneda and MeCash: A Transformative Partnership

Recognising this gap, Moneda and MeCash have forged a strategic partnership to revolutionise SME financing, creating solutions tailored to the realities of African businesses.

At the heart of this collaboration is Musa, a digital-first financing platform designed to bridge the funding gap for SMEs in Africa’s Energy, Agriculture, and Minerals sectors. By leveraging innovative financial models and cutting-edge technology, Moneda and MeCash are setting a new standard for financial inclusion, empowering businesses that drive Africa’s economic growth.

Founded in 2015, Moneda is an Africafacing investment firm with a clear vision: transforming Africa’s natural resources into African wealth. The company focuses on alternative credit and operational support, ensuring SMEs in the natural resource value chain receive the financial backing needed to scale and succeed. Over the last decade, Moneda has executed more than $200 million in credit trades into Africa, solidifying its reputation as a key player in SME financing.

In 2024, Moneda Capital, a fully owned subsidiary, received a Global Fund Manager license from the Financial Services Commission of Mauritius, launching a $250 million credit fund to expand its collaborative funding programme across Africa. This milestone underscores Moneda’s long-term commitment to unlocking Africa’s economic potential by providing capital to businesses often overlooked by traditional financial institutions.

MeCash, on the other hand, is a fintech company revolutionising cross-border payments and SME financing. Co-founded by Adebusola Adegbuyi and Modupe Diyaolu, MeCash operates as the trading name for Oxford 19 Limited and holds approvals from both the National Bank of Rwanda and the Central Bank of Nigeria. The company’s digital payment platform enables seamless international money transfers across 16

countries, including major markets in Africa, the USA, the UK, and China. Together, Moneda and MeCash are creating financial solutions that go beyond traditional lending, ensuring SMEs receive not just funding, but also risk management and business growth support.

Musa: A Digital-First Approach to SME Financing

Undoubtedly, the launch of Musa marks a turning point in how SMEs access funding. Unlike traditional banks that require collateral and lengthy paperwork, Musa leverages technology to assess creditworthiness based on business activity, cash flow, and alternative data. This data-driven approach removes financial bottlenecks, enabling SMEs to secure funding quickly and efficiently.

At the partnership signing event in Lagos recently, Ejike Egbuagu, Group CEO of Moneda, emphasised the transformative impact of Musa. According to him, “Musa is about breaking down the barriers that have held small businesses back for too long. It’s not just about loans; it’s about ensuring that SMEs in Africa’s critical industries—Energy, Agriculture, and Minerals—can access the capital they need to keep the continent moving.”

Why is this important? For SMEs, speed is crucial- Whether a renewable energy supplier is waiting on delayed payments, a small-scale mining firm needs working capital, or an agricultural exporter must fulfil large contracts, accessing timely, flexible financing can mean the difference between growth and stagnation.

Corroborating, Precious Ehihama, Acting Managing Director of Moneda Technologies, said: “We’re not just offering financing. We’re simplifying payments, making sure businesses in the Energy, Agriculture, and Minerals sectors can move money faster and with fewer obstacles. In today’s economy, speed is everything.”

With Musa, SMEs can apply for and access financing in a matter of days—not weeks or months. The platform eliminates the bureaucratic delays of traditional banking, allowing businesses to stay competitive and responsive to market demands.

A Pan-African Vision: Financing Beyond Borders

Africa’s natural resource value chain operates across multiple markets, yet financing solutions have historically remained fragmented and inaccessible. Musa is changing that by ensuring SMEs across Nigeria, Rwanda, Ghana, Kenya, and beyond have access to tailored financial solutions.

One of Musa’s biggest differentiators is transparency. Unlike predatory financial products that burden SMEs with hidden fees, Musa offers clear, fair, and flexible financing options.

Modupe Diyaolu, Co-founder of MeCash, underscored this commitment: “As many contracts as you can bring, we can support you without charging exploitative interest rates. Our goal is to provide businesses with the capital they need to grow—without unnecessary financial burdens.”

Traditional banks have long viewed SMEs in Africa’s Energy, Agriculture, and Minerals sectors as high-risk investments due to market volatility. Musa is rewriting this narrative, offering financial solutions designed specifically for businesses operating in these industries.

Beyond Financing: A Commitment to Business Growth

For Moneda and MeCash, SME financing is not just about providing credit—it’s about building businesses that last. The Musa platform incorporates a bespoke risk rating system, allowing investors to identify viable transactions ripe for funding while offering additional risk management support for higher-risk deals.

“We have a bespoke risk rating criteria on the Musa platform, which allows us to identify transactions that are ripe for investment and funding. And for those where the risk is high, we apply our in-house expertise to de-risk them, whether through deploying

project managers to supervise operations or ensuring compliance with global standards,” Diyaolu added.

This proactive approach to risk mitigation ensures that businesses receiving financing are well-positioned for long-term success. Moneda and MeCash’s commitment to SME growth stems from real-world experience. When Nigeria faced an economic downturn in 2015, local businesses struggled to survive. MeCash stepped in, providing financing solutions that kept businesses afloat.

“We started by supporting true local content—people in the creeks of Bayelsa, not just those driving luxury cars in Port Harcourt,” “These are the people whose livelihoods depend on the industry, and we measure our success by their ability to grow—from supplying food to oil and gas workers to eventually supplying industrial materials.” She reminisced.

This impact-driven financing approach is what sets Moneda and MeCash apart. They are not simply lenders—they are partners in business growth.

The Future: Scaling Across Africa

With Musa, Moneda and MeCash have set an ambitious goal—expanding their reach to all 50+ African countries and creating a financial ecosystem that truly works for SMEs. According to the duo, they are not just providing funding; but are building businesses that last with the goal being to reach all 50+ African countries and create a financial ecosystem that truly works for SMEs.

For Ejike Egbuagu, this partnership is just the beginning and as he succinctly puts it; “Africa is a construction site, and we see our role as laying the foundation for long-term growth. By backing SMEs in the value chains of Energy, Agriculture, and Minerals with the right financial tools, we’re not just supporting businesses—we’re building economies.”

Through their partnership, Moneda and MeCash have sent a clear message—finance should be a bridge, not a barrier. For the millions of SMEs across Africa’s natural resource sectors, Musa represents the game-changing moment they have been waiting for.

L-R: Ejike Egbuagu, Group CEO of Moneda Invest; Precious Ehihama, acting Managing Director of Moneda Technologies; Co-founder, meCash, Modupe Diyaolu; and Co-founder meCash, Adebusola Adegbuyi, after the recent signing of the strategic partnership by Moneda and meCash to launch Musa, a digital financing platform tailored for SMEs operating in the natural resources value chain, including Energy, Agriculture, and Minerals

MAN: Dangote Polypropylene Production to Revive Textile Industry, Save Nigeria $267m

Oluchi Chibuzor

The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the country $267 million in import costs.

In an interview on a local television station, the DirectorGeneral of MAN, Segun KadirAjayi, highlighted the struggles of the textile industry, which he said, was once thriving and employed over 25,000 workers aged between 18 and 40 in the northern region alone. He explained that many companies have been forced to shut down due to the absence of local polypropylene production and the scarcity of foreign exchange required for imports.

He further stated that the production of polypropylene by Dangote Refinery and Petrochemicals will ensure

that Nigeria, which currently imports 90% of its annual polypropylene requirements (amounting to 250,000 metric tonnes), will now become a net exporter, generating foreign exchange to strengthen the economy.

“For us in the manufacturing sector, this is a welcome development. It more than covers the 250,000 metric tons that constitute our national demand, which has been severely lacking. You can imagine the sectors it will impact—the textile industry, the plastic industry, the furniture industry. We are looking at an amount in the region of $267 million being saved. This is the amount spent every year in scarce dollars to import these materials. It is a welcome development for manufacturers, as it will incentivize investment in the sector,” he said. Kadir, who lamented how the collapse of the textile industry led to widespread unemployment, stated that

with the local production of polypropylene, manufacturers will no longer need to rely on imported polypropylene. This, he added, will help reduce their costs and improve efficiency.

“We have seen the global trend of the textile industry relying on the petrochemical industry. So, you can imagine what boost this is going to bring to the sector. And that it is now available locally and does not require that we continue to look for foreign exchange to be able to meet our demands. It is a cheering news for manufacturers,” he said.

He urged the federal government and other stakeholders to support the local production of polypropylene through incentives, stating that this would attract more investment into the sector and increase manufacturing’s contribution to GDP. He added that this would significantly aid the government’s goal of achieving a $1 trillion economy.

CIBN Inducts 1,270 Professionals, Alade Urges Banks to Embrace Innovation

The Chartered Institute of Bankers of Nigeria (CIBN) has inducted 1,270 new members across multiple categories during its annual Induction and Prize Awards ceremony, reinforcing its commitment to professional excellence in the banking sector.

CIBN in a statement noted that the event, attended by key industry players and policymakers, featured a keynote address by former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Sarah Alade who emphasised the need for innovation and adaptability in

the rapidly evolving financial landscape, urging the inductees to move beyond routine banking practices and become catalysts for transformation.

“This ceremony marks the beginning of a new professional journey. The question is, will you settle for conventional banking, or will you redefine industry standards through innovation?” she asked. Highlighting Nigeria’s financial sector transformation since the early 2000s, Dr. Alade acknowledged advancements driven by regulatory reforms, Basel compliance, and digital technology adoption. However, she pointed out persistent chal-

lenges, such as Nigeria’s low credit-to-GDP ratio of 21 per cent compared to South Africa’s 70 per cent, stressing the need for banks to expand lending to priority sectors through innovative risk assessment frameworks.

CIBN President, Prof. Pius Olanrewaju, reinforced these priorities, citing data that digitally progressive banks achieve 3.5 times higher revenue growth than their peers. He also referenced the Edelman Trust Barometer, which found that financial institutions with strong ethical frameworks enjoy 26 per cent higher customer confidence.

The Alternative Bank Expands Non-Interest Banking Solutions to Aba

In a move set to reshape the financial landscape of the South-East, The Alternative Bank has unveiled its newest branch in Aba, the commercial heartbeat of Abia State. This strategic expansion signals a transformative milestone in the bank’s mission to deliver specialised, partnership-driven financial solutions to Nigeria’s most enterprising regions.

Speaking at the event, Executive Director, South, Mrs. Korede Demola-Adeniyi, emphasised Aba’s importance as a business powerhouse. “Aba drives commerce in the South-East. Any institution serious about economic impact must be here,” she said.

“Our customers aren’t just

account holders; they are partners,” Demola-Adeniyi explained. “We don’t just provide financing: we collaborate, ensuring their success because when they thrive, we thrive. Unlike conventional banks, we share both the risks and rewards.”

She also outlined the bank’s history, from its decade-long presence as a non-interest banking window under Sterling Bank to its current status as an independent entity under Sterling Financial Holdings. “Our records are public because transparency is key. Our values, execution, excellence, and empathy, are the key drivers in everything we do.”

Regional Business Executive, Mr. Chukwuemeka Agada, elaborated on the bank’s tailored approach. “We’ve built flexible financial frameworks to support businesses of all sizes. Whether you’re a startup or an established company, we have solutions that work for you.”

Abia State Governor, Dr. Alex Otti, represented by the Finance Commissioner, Uwaoma Ukandu, acknowledged the bank’s role in driving economic growth.

“Aba’s business community is full of innovators and job creators. With partners like The Alternative Bank, they can expand without the usual financial roadblocks.”

Leadway Celebrates Women Community Empowerment Initiative Anniversary

Ebere Nwoji

Leadway Group, one of Nigeria’s non-banking financial services providers, has reaffirmed its commitment to honouring and empowering women by celebrating the first anniversary of its women’s community, Hersurred.

Leadway said since the launch of this women-focused initiative in 2024, Hersurred has been dedicated to equipping women with the essential information, tools, and networks needed to thrive.

According to the company, the anniversary theme, “Here for Her,” celebrates the achievements of every woman and

provides an opportunity for women to connect, access mentorship, gather information, and take the necessary steps to accelerate efforts toward closing existing gaps in women’s empowerment. It said building on the inaugural event’s success, which featured a keynote speaker from the Leadway Group, the 2025 edition emphasises the organisation’s strong commitment to women’s empowerment and inclusion.

It said this year’s discussion was divided into two parts. The first was a fireside chat focused on solidifying the gains of women’s advocacy through policy formulation. It featured a

renowned development expert, Tejumola Abisoye, and the Chief Finance Officer of Leadway Group, Yemisi Rotimi, who anchored the discussion. The second session featured a roundtable discussion with leading women leaders to speak on the theme, “Beyond the Manifesto: Turning Advocacy into Action”. The speakers include Leadway’s Chief People Experience Officer, Mrs. Kunbi Adeoti, Managing Director and Gas Asset Manager of Neconde Energy; ⁠ Chichi Emenike, the Founder/ CEO of Money Africa, Oluwatosin Olaseinde with Team Lead, Relationship Management Rahinatu Omolamai.

Saharan Blend

Djeno (Congo),

(Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic

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

L-R: Chief People Experience Officer, Leadway Group, Kunbi Adeoti; Development Expert, Teju Abisoye; Chief Financial Officer, Leadway Assurance, Yemisi Rotimi; Chief Executive Officer, Leadway Trustees, Sola Seweje; and Representative of Secretary to the Lagos State Government, Mrs Anthonia Omoseni Oredipe, at the second edition of Hersurred by Leadway event in Lagos... recently.

Nume Ekeghe

Investors’ Demand for Zenith Bank, 28 Others Lift Stock Market

Kayode Tokede

The stock market segment of the Nigerian Exchange Limited (NGX) yesterday gained 0.04 per cent to continue its bull dominance, driven by investor demand for Zenith Bank Plc and 28 others.

As Zenith Bank added 3.2 per cent, the NGX All-Share Index (ASI) gained 41.89 basis points or 0.04 per cent to close at 105,593.28 basis points

with the Month-to-Date and Year-to-Date returns settled at -2.1per cent and +2.6per cent, respectively. Also, market capitalisation rose by N26 billion to close at N66.215 trillion.

Analysing by sectors, the NGX Insurance Index (+2.0%) and NGX Banking Index (+1.3%), while the NGX Oil & Gas Index (-1.7per cent) and NGX Consumer Goods Index (-0.1per cent) declined. The

NGX Industrial Goods index remained unchanged.

As measured by market breadth, market sentiment was positive, as 29 stocks gained relative to 21 losers. May & Baker Nigeria emerged the highest price gainer of 10 per cent to close at N8.80, per share.

Mutual Benefits Assurance followed with a gain of 9.59 per cent to close at 80 kobo, while eTranzact International advanced by 9.38 per cent

to close at N5.25, per share. Abbey Mortgage Bank appreciated by 8.86 per cent to close at N4.30, while Consolidated Hallmark Holdings rose by 8.79 per cent to close at N3.59, per share.

On the other side, Eterna led others on the losers’ chart with 9.21 per cent to close at N34.50, per share.

Royal Exchange followed with a decline of 7.95 per cent to close at 81 kobo,

while Veritas Kapital Assurance shed 5.98 per cent to close at N1.10, per share. Wapic Insurance lost 5.88 per cent to close at N2.24, while Oando depreciated by 5.66 per cent to close at N50.00, per share.

However, the total volume traded declined by 20.70 per cent to 330.086 million units, valued at N14.857 billion, and exchanged in 12,317 deals. Transactions in the shares of Access

Holdings led the activity with 36.309 million shares worth N804.429 million. United Bank for Africa (UBA) followed with account of 26.488 million shares valued at N1.002 billion, while Fidelity Bank traded 20.485 million shares worth N380.582 million. Zenith Bank traded 20.059 million shares worth N966.503 million, while United Capital traded 16.072 million shares worth N268.545 million.

COURTESY VISIT...

Nigeria Needs Over $400m to Tackle Tuberculosis, Says Health Expert

Advocates integrated healthcare services to save cost

Onyebuchi Ezigbo in Abuja

With the high disease burden of tuberculosis, Nigeria will require about $400 million to successfully prosecute the campaign to end new infections by 2035, a public health practitioner has said.

Samuel said what was presently being committed to addressing the tuberculosis scourge was less than 30 per cent

He said, “TB remains one of the top 10 causes of death worldwide, with Nigeria ranking among the top

Public health expert, Dr. Hananiya Samuel, made the disclosure while presenting a paper by National Tuberculosis, Leprosy and Buruli Ulcer Control Programme (NTBLCP) at a symposium to commemorate the 2025 World Tuberculosis Day.

30 high-burden countries globally.

“For the country to be able to meet targets of drastically reducing the disease burden by 2035, we will need over $400 million.”

Another public health expert and an Early Carrier Researcher at Light Consortium, Zankli Research Centre, Dr. Chukwuebuka Ugwu, suggested the adoption of integrated healthcare services that will subject patients to

holistic screening for diseases.

The symposium was organised by Zankli Research Centre, in collaboration with The Light Consortium, to commemorate World TB Day.

The event focused on raising awareness about tuberculosis, its global effect, and the collective efforts needed to combat the public health challenge.

It also brought together researchers,

NAPTIP, DSS Smash Cross-country Human Trafficking Syndicate

Michael Olugbode in Abuja

Operatives of the National Agency Prohibition of Trafficking in Persons (NAPTIP) and officials of the Department of State Service (DSS) have smashed a human trafficking syndicate headed by a female truck driver who is alleged to be a staff of one of the nation’s topmost cement companies.

A statement yesterday by the press officer of NAPTIP, Vincent Adekoye, read that a suspect, Hassana Jacob, 33 years old, an alternate female truck driver of a popular Cement Company was arrested along with the Cement Truck branded in the name and logo of the company together with six other suspected members of the gang, namely Aisha Suleiman, Murtala Tanimu, Shamsu

Tanimu, Adamu Jacob, Abubakar Ahmed, and Ali Muhammed.

Adekoye said they were caught in Abuja by operatives of the Department of State Service (DSS) while trying to sell off their latest victim, a 3-year-old girl that was stolen from Damaturu, Yobe State.

He said investigation revealed that Hassana Jacob commands a professional human trafficking syndicate that specializes in stealing children from age 1 and above, selling them to interested buyers at the rate of N600,000 each.

Adekoye said investigation revealed that Hassana, a truck driver with this popular cement company had had several successes stealing children at any of the terminals across the country, evading security checks on the roads, and delivery of stolen

children to her gang members at any location without being noticed.

He said it is strongly suspected the syndicate has membership across the country with different assigned roles, with some members of the trafficking ring, hunting and luring victims to the truck terminal where they will be picked up by Hassana, while others arrange interested buyers at any of the terminals across the country even before the arrival of the victims thereby making it fast for the gang leader to dispose of the stolen child and collect her money.

Speaking on the development, the Director General of NAPTIP, Binta Adamu Bello, while thanking the Director General of the DSS for his sustained support to the agency which culminated in the arrest and

History, as Nigerian Urologist Performs First Noninvasive Prostrate Robotic Surgery

Sunday Ehigiator

Nigerian urologist, and founder, The Prostate Clinic (TPC), Prof. Kingsley Ekwueme, yesterday made history as he performed the first non-invasive Prostrate Cancer Surgery in West Africa.

Speaking with journalists briefly after the procedure which was done at the TPC, Victoria Island area of Lagos State, he noted that the surgery utilised the most advanced prostate cancer treatment using the ‘Da Vinci Robotic Surgical System’. This state-of-the-art technology was introduced at TPC, a facility focused on providing specialized care for prostate cancer, a first of its

kind in Nigeria.

According to him, “It’s never been done before. This is a super-specialized clinic for diagnosing and treating prostate cancer in Nigeria.

“The clinic was modeled after similar institutions in Europe, the United States of America and India and aims to provide the highest level of care for patients in Nigeria and beyond.

“The Da Vinci robotic surgical system, is a technology that offers unparalleled precision offering surgeons with multi-dimensional, high-definition views of the prostate, allowing for intricate procedures that preserve critical nerves and promote faster recovery.

in West Africa

“Notably, this technology has been available in South Africa, but today’s usage in Nigeria marks the first time it will be used in West Africa.

“This robot gives us seven degrees of freedom of movement, similar to a human arm, allowing me to operate from a distance while controlling the robotic arms with the utmost precision.

“The technology enables minimally invasive surgeries through tiny keyhole ports, reducing blood loss and ensuring minimal scarring.”

According to Ekwueme, patients can come in for surgeries and leave the same day. “The clinic’s mission is to make cutting-edge healthcare accessible to Nigerians who previously had to travel abroad for similar treatments.

smashing of the notorious human trafficking syndicate, expressed sadness over the situation describing it as a heinous crime against humanity.

The NAPTIP Director General who was represented by the Director, Research and Programme Development, Mr. Josiah Emerole, said: “I am deeply sad by the latest arrest. It is painful to note that human beings will organize a criminal gang, use a branded vehicle of a company, move from one part of the country to another, steal children belonging to other families, and sell them to interested buyers whose motives for the children are not known.

healthcare professionals, students, and stakeholders to discuss innovative solutions and strategies to end TB.

The experts said the country’s large population and inadequate healthcare infrastructure were exacerbating the spread of the disease.

Samuel said Nigeria’s high TB burden was also due to the country’s failure to prioritise TB control efforts.

“We need to scale up our efforts to detect and treat TB cases, especially in rural areas where access to healthcare is limited,” he said.

Ugwu, while speaking to journalists, stressed the importance of an integrated approach to tuberculosis (TB) response, stating that it saves money and resources.

According to Ugwu, an integrated approach to healthcare means that when a patient visits a health facility, they receive comprehensive care that addresses all their health needs, not just the primary disease.

He explained that the approach checked for infectious and noninfectious diseases, as well as psychological wellness.

Ugwu stated, “Integrated health care services is so important. It means that when somebody comes to the health facility, we are not only treating a primary disease. You’re treating the whole individual.

“You’re checking if he has an infectious disease. You’re checking if the person has a non-infectious

disease. You’re checking everything, even psychological wellness of the person.

“Is this person depressed? Is this person’s mental health, okay? Where does this person live? All these things are components of integrated care. It means that when somebody comes to a hospital, they get all the needs met. So that they don’t have to keep coming over and over and over again.

“In some situations, somebody comes from malaria on Monday. On Tuesday, he comes for headache. On Thursday, he comes for ulcer.

“The patient will spend their whole money on transport. So I think we must encourage health care workers, disease control programmes, policy makers to always practise integration.”

Earlier, in his welcome address, Research Uptake Manager at the Light Consortium, Toyosi Adekeye, raised concerns that tuberculosis, commonly referred to as TB, had been a longstanding health issue in Africa.

Adekeye, an Associate Professor in the Department of Community Medicine and Primary Health Care at Bingham University, Zankli Research Centre, Karu, Nasarawa State, stated that in the past, tuberculosis was often misdiagnosed as a mere coughing disease, leading to countless deaths due to lack of proper treatment.

Wale Igbintade

Zumax Nigeria Limited, an oil services company, has filed a N4.1 billion lawsuit against the Central Bank of Nigeria (CBN), alleging gross negligence and complicity in what it calls a fraudulent receivership imposed by the apex bank.

In the case, filed before the Federal High Court in Lagos, Zumax claimed that the CBN failed in its statutory duty to supervise banks and protect customers’ interests.

The Plaintiff was a visible player in the oil services industry and was regularly engaged by the oil majors like Shell Explorations Limited and Chevron Limited, and from which jobs it earned regular substantial incomes in US Dollars.

At the hearing of the matter yesterday before Justice Akintoye Aluko, counsel to the plaintiff, Chief

Wole Olanipekun (SAN), told the court that the Plaintiff (Zumax) had an application dated February 20, 2025, and urged the court to hear the application. Olanipekun further prayed the court to allow him move the application as the defendant had responded. He also told the court that the Plaintiff and defendant’s preliminary objection can be consolidated and heard together.

Olanipekun further requested the court to consolidate and hear both the plaintiff’s application and the CBN’s preliminary objection together. He argued that there was no conflict over which should be heard first, as the plaintiff had not objected to the court considering the CBN’s preliminary objection.

However, CBN’s counsel, Adeleke Agboola (SAN), maintained that the defendant’s preliminary objec-

tion - which challenges the court’s jurisdiction - should take precedence. He argued that CBN filed its notice of preliminary objection within time and that the Plaintiff has responded to it.

Agboola said: “This preliminary objection has priority over any other applications. The Plaintiff’s application is not meritorious.

“There is no suggestion by the claimant that we did not file within time. We are saying that this court does not have the jurisdiction to hear this matter, I urge your lordship to allow us to argue this matter.

“There is no doubt that preliminary objection takes precedence. It says it must be heard first and determined our objection is very serious we have complied strictly by the rules.

“We urge this court to hear the preliminary objection and dismiss the Plaintiff’s application”.

L-R: Chief Executive Officer, JBJ, Jose Batista; Ogun State Governor, Prince Dapo Abiodun; and the President, Ambar Energy, Marcelo Zanatta, during a visit to the governor in his office at Oke-Mosan, Abeokuta, on Tuesday

INAUGURATION OF ULTRA-MODERN BLOCK OF CLASSROOMS...

L-R: Representative of the Tutor-General/Permanent Secretary, Lagos State Education District 3, and Principal, Government Senior College, Ketu-Epe, Mr. Ajayi Bolaji; Chairman, Ikosi-Ejirin LCDA, Hon. Anomo Adewale; Representative of the Governor of Lagos State and Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab; Chairman, Committee on Rehabilitation of Public Schools in Lagos State, Mr. Hakeem Smith; and Regent, Ketu-Epe, High Chief Adewale Badru, during the commissioning of an ultra-modern block of classrooms at Government Junior College, Ketu-Epe, at Ketu-Ejirin LCDA, Lagos, yesterday

The federal government has rearraigned former National Security Adviser (NSA), Col. Sambo Dasuki (Rtd.), over alleged fraud involving N33.2 billion.

Dasuki and three others were re-arraigned on Tuesday before a High Court of the Federal Capital Territory (FCT) on a 32-count charge bordering on alleged criminal breach of trust and dishonest release of public funds.

The other defendants included former General Manager of Nigerian National Petroleum Corporation NNPC), Aminu Baba-Kusa, as well as two companies – Acacia Holdings Limited and Reliance Referral Hospital Limited.

Their re-arraignment before Justice Charles Agbaza followed the reassignment of the case by the FCT Chief Judge, Justice Hussein

Baba-Yusuf, who was previously handling the matter.

Dasuki was first arraigned on December 14, 2015 before BabaYusuf, alongside former Director of Finance and Administration in the Office of the National Security Adviser, Shuaibu Salisu, on a 19-count charge linked to an alleged N15.5 billion fraud.

The charges were later amended and Salisu’s name was removed.

Subsequently, Dasuki and the others were re-arraigned on May 11, 2018, on a fresh 32-count charge involving N33.2 billion.

However, the trial was stalled after the prosecution presented only one witness – the investigating officer – who was yet to conclude his testimony before the case was adjourned indefinitely.

Recall that the Economic and Financial Crimes Commission (EFCC) had also filed another

Encomiums for Soludo Over Strides in Security, Infrastructural Devt

Anambra State Governor, Professor Charles Soludo, has been commended for his bold steps to rid the state of the menace of insecurity through the Agunechamba Security Agency.

A community leader in Agulu, Anaocha Local Government Area of Anambra State, Chief Oluogu Chinedu, gave the commendation Wednesday during a chat with newsmen.

Chinedu noted the activities of gunmen terrorising several communities in the state have been largely curtailed since the establishment of the security agency.

According to him, “Governor Soludo deserves commendation for his commitment to rid the state of insecurity. The people of Anambra can now sleep with their two eyes closed since the establishment of Agunechamba. We are very grateful to him.”

In the same vein, he commended the governor for his efforts and commitment to developing road and other infrastructure in the state since assuming office.

Chinedu specifically hailed Soludo, who commemorated his third year in office few days ago, for the dualization of Amawbia to Ekwulobia road as well as the dualization of Nnewi to Agulu road.

The dualization of the two roads, according to Chinedu, is impacting

positively on the socio-economic development of the area as it has brought great relief to the people.

According to him “I wish to commend the governor of Anambra State, Prof. Charles Chukwuma Soludo, for the giant strides he’s making in infrastructural development across the state.

“I want to specifically acknowledge him for the dualization of Amawbia to Ekwulobia road as well as the Nnewi to Agulu road. The dualization of these roads have significant economic impact on the lives of the people of the area in particular and the state in general”, he noted.

Besides, Chief Chinedu also commended Governor Soludo for the construction of a new market at Agulu, christened ‘Solution Arena’s where fruits, vegetables and other food items are being sold at cheaper prices.

He however appealed to the governor to build a new road or rehabilitate the existing Agulu road which has not been motorable for several years due to the effects of erosion and lack of maintenance.

He however enjoined the governor to pay special attention to youth empowerment initiatives which according to him would go a long way to take away the youth away from criminality thereby sustaining the successes recorded by the governor in the area of security.

charge against Dasuki in 2015, in which he was arraigned alongside former Minister of State for Finance, Bashir Yuguda; former Sokoto State Governor, Attahiru Bafarawa; his son, Sagir Bafarawa; and his company, Dalhatu Investment Limited.

They faced a 25-count charge bordering on criminal breach of trust and misappropriation of N19.4 billion.

The case was recently transferred to Justice Yusuf Halilu.

Both trials suffered multiple delays due to the refusal of the Department of State Services (DSS) to release Dasuki on bail, despite court orders granting him bail.

At the re-arraignment on Tuesday, the defendants pleaded not guilty

to the 32 counts read to them.

The prosecution counsel, Oluwaleke Atolagbe, then requested a date to begin trial. Meanwhile, A. A. Usman and Richard Ibiye, who represented Dasuki and Baba-Kusa, respectively, urged the court to allow the defendants to continue to enjoy the existing bail granted them by the

court, assuring that they have always been present for court proceedings. The prosecution did not oppose the request but stressed the importance of the defendants’ continued presence throughout the trial.

In a short ruling, Agbaza, who held that the defendants should continue on their existing bail, adjourned the trial to July 1.

Bills Seeking Single-day General Polls, LG Electoral Body Pass Second Reading

Adedayo Akinwale and Juliet Akoje in Abuja

The House of Representatives yesterday passed through second reading a bill seeking to conduct general elections for the offices of the President, State Governors, National Assembly members, State Houses of Assembly members, and Local Government Area Councillors simultaneously on the same date.

The bill was sponsored by Hon. Ikenga Ugochinyere, Hon. Francis Ejiroghene Waive, and 34 other lawmakers, and presented for second reading by the House Leader, Hon. Julius Ihonvbere.

The bill proposed that the date for the general election is to be determined by the Independent

National Electoral Commission (INEC) in consultation with the National Assembly.

Also yesterday, a bill for an act to alter the constitution to establish the National Local Government Electoral Commission passed through second reading in the House of Representatives at the plenary.

The commission, according to the bill, would be an independent body responsible for organising, conducting, and supervising elections into the offices of chairmen, vice chairmen and councilors of all the local government councils across the federation.

The bill sponsored by the Deputy Speaker, Hon. Ben Kalu, and eight other lawmakers, was presented for second reading at the plenary on

Tuesday by the House leader, Hon. Julius Ihonvbere. Ihonvbere said the commission shall consist of chairman and 37 other members representing 36 states of the federation and the Federal Capital Territory (FCT).

He added that when established, the commission would ensure the credibility, transparency, and fairness of local government elections and promote democratic governance at the grassroots level.

Ihonvbere added that the chairman, who shall be the Chief Electoral Officer, and members of the board shall be appointed by the president on the recommendation of the National Council of States and subject to the confirmation of the Senate.

He explained the commission is

expected to provide periodic reports on its activities and the outcomes of local government elections to the president, the National Assembly, and the general public, thereby promoting transparency and accountability in its operations.

Also at the plenary, the lawmakers have passed a bill for an act to alter the Constitution of the Federal Republic of Nigeria 1999, to specify the time within which the executive shall present to the National Assembly, any treaty between the federation and any other country for enactment.

The proposed legislation sponsored by the deputy speaker states that any such treaty shall be presented to the National Assembly for enactment not later than 180 days thereafter.

Benjamin Nworie in Abakaliki

The apex Igbo socio-cultural organization, Ohanaeze Ndigbo has called on the federal government to prioritize the fundamental needs of the Igbo nation.

In a statement issued by the National Deputy President General, Okechukwu Isiguzoro, the body noted that evidence on ground illustrates that the North has decisively disengaged from President Tinubu, now seeking alliances with influential leaders of Southeast and Niger Delta.

Isiguzoro warned that unless critical federal government policies are urgently reversed and significant corrective measures enacted, the disenchanted Nigerian populace is likely to align themselves with the chorus of opposition voices spearheaded by Northern leaders.

He further added that central to the new strategies to be adopted by the federal government was to ensure inclusive and credible national census in 2025 - one that mandates the incorporation of ethnicity and religious identity as crucial components.

According to Isiguzoro: “Ohanaeze Ndigbo hereby articulates a clarion call to President Bola Ahmed Tinubu, asserting that no degree of presidential appeasement - be it through appointments or infrastructural promises - can restore the crumbling partnership between his administration and the Northern region that once prospered in 2023”.

“Evidence on the ground illustrates that the North has decisively disengaged from President Tinubu, now seeking alliances with influential leaders from the Southeast and Niger Delta with a singular

and urgent objective: to unseat him in the impending 2027 elections”.

“This strategic endeavor aims to unveil the authentic demographic vulnerabilities that underpin the discussions surrounding Northern numerical dominance”.

“Current realities indicate that approximately 39% of Northern Nigeria’s population comprises Igbo communities, while about 31% consists of Middle Belt Christians; the Hausa and Fulani together account for merely 30%”.

“This disproportionate demographic landscape is precisely why Northern leaders have consistently opposed the inclusion of ethnicity and religion in previous census efforts”.

The apex body outlined condition for the support of Tinubu’s reelection and urged the federal government to act decisively, without further

delay, by establishing a sixth state for the Southeast and rejuvenating the Eastern Economic Corridor.

“This includes urgently reopening and dredging the Calabar Seaport, which has been dormant for an astonishing 57 years, maximizing the utility of Port Harcourt Seaport, constructing a deep seaport in Azumiri (Ukwa East LGA, Abia State), and upgrading the Port Harcourt-Aba-Enugu-Maiduguri railway to standard gauge. Moreover, the political release of Mazi Nnamdi Kanu is essential in fostering goodwill and addressing regional grievances, Ohanaeze Ndigbo added.

Isiguzoro further urged the federal government to engage constructively with non-violent Biafra agitators to address the pressing issue of violence and insecurity challenges in the Southeast.

Alex Enumah in Abuja

Wole Ayodele in Jalingo

UNVEILING OF THE CPN CORPORATE HEADQUARTERS...

L-R: Registrar/Secretary to Council, Computer Professionals Registration Council of Nigeria (CPN), Muhammad Bello Aliyu; Registrar, National Examination Council, Prof. Dantani Ibrahim Wushishi; President/Chairman, Council (CPN), Kole Jagun; Representative of the Minister of Education, Oderemi Gbenga; Minister of state, Federal Ministry for Humanitarian Affairs, Tanko Yusuf Sununu; and Registrar, Joint Admissions and Matriculation Board (JAMB), Prof. Ishaq Oloyede, during the unveiling of the CPN Corporate Headquarters in Abuja, yesterday

Obidient Movement: Onanuga’s Response to Democracy Falling Claim is an Attempt to Muzzle Free Speech

David-

The Obidient Movement has responded to comments by the Special Adviser to the President on Media, Bayo Onanuga, describing his statement as an attempt to muzzle free speech in Nigeria.

Presidential candidate of the Labour Party in 2023, Peter Obi, had at a colloquium organised to mark the 60th birthday of former deputy speaker of the House of Representatives, Emeka Ihedioha, said democracy was collapsing in Nigeria and canvassed the need to rebuild it.

But Onanuga said Obi’s comment amounted to abuse of free speech.

In a statement by the Director Strategic Communications and Media of the Obidient Movement, Nana Kazaure, titled: ‘’The Tinubu Administration and Its Descent Into Dictatorship, said, ‘’The tendency for the Tinubu Administration to bury

its head in the sand and play the ostrich has become one of its defining characteristics.

‘’Its latest attack on H.E. Peter Obi, through a presidential spokesman, Mr. Bayo Onanuga, betrays a desperate attempt to muzzle free speech guaranteed Nigerians by the 1999 Constitution (as amended).

‘’Onanuga responding to Peter Obi’s remarks during a Colloquium marking the 60th birthday of Emeka Ihedioha, former Deputy Speaker of the House of Representatives, where H.E Peter Obi had decried the increasing despotic inclination of the Bola Tinubu-led APC Federal Government, confirmed this tyrannical

Shettima Leads FG’s Delegation On Condolence to Radda over Mother’s Death

Francis Sardauna in Katsina

A delegation of the federal government led by Vice-President Kashim Shettima, has visited Katsina State to condole with Governor Dikko Umaru Radda over the death of his mother, Hajiya Safara’u Umaru Baribari.

cast of mind by issuing a veiled threat to H.E. Peter Obi.

‘’Labelling H.E. Peter Obi as a disgruntled politician, Mr. Onanuga warned him to ‘watch his mouth’.

‘’As a Movement, we take serious exception to the uncouth threat by this choleric presidential spokesman whose antecedents as an instigator of intolerance and division is well known, recorded and documented.

‘’Having taken note of Mr. Onanuga’s threat, we ask him the question: watch his mouth.. or what? What exactly are Onanuga’s plan for H.E. Peter Obi?

Shettima, during the visit, described the late nonagenarian as a Rock of Gibraltar, who played the most powerful standing point during her lifetime, adding that her death was a major blow to the nation.

He said although the matriarch died at the right age of 93, “itis still a major blow because she has been playing this role of Rock of Gibraltar,

The matriarch died last Saturday night at the age of 93 at her residence in Abuja, and she was later buried in Radda, Charanchi local government area of the state.

its major powerful standing point.”

He said the delegation was in Katsina on the instruction of President Bola Tinubu to convey the federal government’s condolence to Radda, his family, the government and people of Katsina State.

The vice-president prayed Allah to grant her soul eternal rest and reward her with Aljanah Firdausi.

“And may Allah grant the family and the good people of Katsina State

IG Decorates AIG Olatunji Disu, 38 Other Senior Police Officers With New Ranks

Abuja

The Inspector-General of Police, Kayode Egbetokun, yesterday, decorated the immediate past Commissioner of Police for the Federal Capital Territory (FCT) Command, Assistant Inspector-General of Police Olatunji Disu, with his new rank.

AIG Disu was decorated alongside 38 other senior police officers, who were recently elevated to their next ranks by the Police Service Commission (PSC) in a brief but colourful ceremony at the Peacekeeping Hall, behind Force Headquarters, Abuja.

Those decorated included 20 Assistant Inspectors-General of Police (AIGs) and 19 Commissioners of Police (CPs).

Speaking during the decoration ceremony, Egbetokun reminded the newly decorated officers that every promotion came with great responsibility, adding that it was a solemn duty to lead, inspire, and uphold the highest standard of integrity.

“These significant achievements in the lives and careers of these officers

reflect their dedication, hard work, professionalism, and perseverance.

“Your leadership will directly shape the morale of those under your command and determine the quality of policing in our nation.

“As you take up this new role, I urge you to lead by example, set standards for discipline, ethics, and dedication, uphold justice, take decisive decisions, and act decisively against misconduct, ensuring fairness in all your dealings.

“Embrace accountability and remember that public trust is a privilege that must be earned and protected.”

He stressed that modern policing required a strategic and progressive approach, noting that “our vision for the force is based on four fundamental pillars.”

He identified these four pillars as including proactive policing, intelligence-led and technology-driven policing, community partnership, and investment in capacity building and personnel welfare.

Meanwhile, Egbetokun has deployed Special Intervention Squad (SIS) to Imo State to assist in fighting

rising insecurity challenges in the State.

In a statement, the Police Public Relations Officer, PPRO of the Imo State Police Command, Mr Henry Okoye, stated that the move was in line with the ongoing efforts to ensure the safety and well-being of every resident of the State.

Okoye added that the deployment was part of the IGP’s ongoing commitment to enhancing peace, tackling criminal activities, and ensuring security across the three Senatorial districts of the State.

He explained that the deployment, which comprised over 60 specially trained and equipped personnel, was tasked with reducing crime, dismantling criminal networks, and addressing security threats to the State’s stability.

The Command’s spokesperson further added that the unit would work as a unified force in collaboration with the State Police Command, other security agencies, and local vigilantes to implement what he termed, a comprehensive strategy for enhancing public safety across the State.

the fortitude to bear the irreparable loss.” He said.

Similarly, former Vice-President, Atiku Abubakar and the Borno State Governor, Babagana Zulum, have visited the state to condole with Radda, the government and people of the state over the death of his mother.

Abubakar, flanked by other chieftains of the Peoples Democratic Party (PDP) within and outside Katsina State, said, “On behalf of my team, I extend my deepest condolences to you, your family and the people of Katsina over this great loss.

“Living for 93 years is a rare blessing, one that we deeply cherish. Of course, we never want to lose our loved ones, but ultimately, that is the reality of life.”

The 2023 presidential candidate

of the PDP, however, prayed the Almighty Allah to forgive the shortcomings of the nonagenarian and grant her soul Aljanah Firdausi.

Zulum, represented by his Deputy, Umar Usman Kadafur, explained that the people and government of Borno State “stand with you during this difficult time.”

The Katsina State Deputy Governor, Hon. Faruk Lawal, while responding on behalf of the government, expressed the state government’s appreciation to the federal government, Abubakar and other dignitaries for their condolences over the death of Hajiya Safara’u.

“Your presence here means a lot to us. We sincerely appreciate you for identifying with us during this moment of grief. Your visit is a demonstration of true solidarity and brotherhood,” he added.

‘’Or put more directly, what sinister plans has the Tinubu administration for its critics whose ranks swell daily on account of the administration’s cluelessness, and inability to provide sound and qualitative governance for Nigerians?

“We submit that if the Tinubu administration had invested a quarter of the energy and resources, it expends in hounding and demonizing varying opinions through its intemperate spokespersons and numerous cyber Rottweilers, Nigeria would be a far more decent and conducive place to live in.

“Unfortunately, we are stuck with a government high on talk but miserably low on action or any iota of progress.’

‘’As millions of Nigerians struggle to come to terms with the hardship, insecurity and dislocation foisted on the nation by ten years of APC misrule, the least that is expected of minions like Mr. Onanuga is to hide their heads in deep reflection on their pathetic complicity in bringing a once thriving country to its knees.’’

Odinkalu Faults Justice Agim, Wike’s Presence at UNICAL Convocation

Wale Igbintade

Former Chairman of the National Human Rights Commission (Nigeria), Prof. Chidi Odinkalu, has criticized the presence of Supreme Court Justice Emmanuel Akomaye Agim and Minister of the Federal Capital Territory, Nyesom Wike, at the University of Calabar’s Golden Jubilee Special Convocation held on March 22, 2025.

In a statement issued yesterday, the renowned human rights lawyer argued that the event raised concerns about judicial impartiality, pointing to photographs suggesting improper proximity between political figures and members of the judiciary.

Citing Rule 2.8 of the Revised Code

of Conduct for Judicial Officers in Nigeria (2016), Odinkalu emphasised that judges must avoid excessively close relationships with frequent litigants, including government ministers, to prevent any appearance of bias.

He referenced Justice Niki Tobi’s ruling in Buhari vs. Independent National Electoral Commission & Ors (2008), where the Supreme Court warned against judges getting involved in politics, stating: “The two professions do not meet and will never meet at all in our democracy… If they meet, the victim will be democracy, and that will be bad for sovereign Nigeria.” Odinkalu also cited former Chief Justice Atanda Fatayi Williams, who, in his 1983 memoir ‘Faces,

Cases, and Places’, warned that in Nigeria, “familiarity does not breed contempt - it breeds obligation.” Besides, Odinkalu highlighted the case of Aminu Ado Bayero, the Chancellor who conferred an honourary degree on Wike.

He noted that Justice Agim authored a recent Supreme Court decision favouring Wike’s allies in Rivers State.

Given these contexts, Odinkalu condemned the optics of the convocation, arguing that such interactions undermine judicial independence and democracy.

He accused those involved of showing “hubris and impunity” by disregarding the potential damage to the judiciary’s reputation.

PHOTO: ENOCK REUBEN

Tony Icheku in Owerri and Linus Aleke in

Chuks Okocha in Abuja and

Chyddy Eleke in Awka

JOINT SECURITY AGENCIES VOW TO SECURE RIVERS...

Rivers

Akpoti-Uduaghan’s Recall Not in Line With Constitutional Requirements, INEC Asserts

Judge withdraws from suit against Senate Red chamber throws out fresh sexual harassment petition against Akpabio Petitioner accuses panel of bias as Ezekwesili, Nwebonyi clash during proceeding

Adedayo Akinwale, Sunday Aborisade and Alex Enumah in Abuja

The Independent National Electoral Commission (INEC),has said the petition for the recall of the Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, was not in compliance with legal framework.

This was as Justice Obiora Egwuatu of the Federal High Court Abuja, has recused himself from the case filed by Akpoti-Uduaghan against the Senate.

Also, yesterday, the Senate Committee on Ethics, Privileges, and Public Petitions led by Senator Neda Imasuen, has refused to hear a new petition on sexual harassment, levelled against President of the Senate, Godswill Akpabio

INEC National Commissioner & Chairman, Information and Voter Education Committee, Sam Olumekun, in a statement issued said the electoral body discussed the petition for the recall of the embattled senator.

He explained that the process of recall was enshrined in the 1999 Constitution, the Electoral Act 2022 as well as the Commission’s detailed Regulations and Guidelines for Recall 2024, and also available on its website.

Olumekun stressed that all petitions would be treated in strict compliance with the legal framework.

“The petition from Kogi Central Senatorial District was accompanied by six bags of documents said to

Alake

Folalumi

be signatures collected from over half of the 474,554 registered voters spread across 902 Polling Units in 57 Registration Areas (Wards) in the five Local Government Areas of Adavi, Ajaokuta, Ogori/Magongo, Okehi and Okene.

“The Commission’s immediate observation is that the representatives of the petitioners did not provide their contact address, telephone number(s) and e-mail address(es) in the covering letter forwarding the petition through which they can be contacted as provided in Clause 1(f) of our Regulations and Guidelines.

“The address given is ‘Okene, Kogi State’, which is not a definite location for contacting the petitioners. Only the telephone number of ‘the lead petitioner’ is provided as against the numbers of all the other representatives of the petitioners.”

The Commission reiterated that the recall of a legislator is the prerogative of registered voters in a constituency, who sign a petition indicating loss of confidence in the legislator representing them.

He added: “Once the petition meets the requirements of submission, as contained in our regulations, the Commission shall commence the verification of the signatures in each Polling Unit in an open process restricted to registered voters that signed the petition only.

“The petitioners and the member whose recall is sought shall be at liberty to nominate agents to observe the verification, while interested

observers and the media will also be accredited.

“At each Polling Unit, signatories to the petition shall be verified using the Bimodal Voter Accreditation System (BVAS).

“Consequently, if the petitioners fully comply with the requirements of Clause 1(f) of the Regulations and Guidelines regarding the submission of their petition, the Commission will announce the next steps in line with the extant laws, regulations and“Inguidelines. the absence of a definite contact address, the Commission is making efforts to use other means to notify the representatives of the petitioners of the situation.

“The Commission reassures the public that it will be guided by the legal framework for recall. The public should therefore discountenance any

speculations and insinuations in the social media.”

Judge Withdraws from Akpoti-Uduaghan’s Suit

Justice Obiora Egwuatu of the Federal High Court Abuja, has recused himself from the case filed by the Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan against the Senate.

Justice Egwuatu said his decision was based on allegations of bias levelled against him by the Senate President, Godswill Akpabio, who was the 3rd defendant in the suit.

Akpoti-Uduaghan had dragged the Clerk of the National Assembly, the Senate, President of the Senate, Godswill Akpabio and Chairman, Senate Committee on Ethics, Privileges and Code of Conduct,

Neda Imasuem to the Federal High Court in a bid to stop the ethics committee from investigating and disciplining her over alleged act of misconduct.

Akpabio had on February 25, re- ferred her to the ethics committee for investigation on alleged misconduct which occurred on the floor of the Senate on February 20, following the re-allocation of seat at the upper chamber of the legislature.

Pending the hearing of the suit, she had on March 4, filed a motion ex-parte, asking the court to restrain the defendants from proceeding with the purported investigation against her.

While Justice Egwuatu granted the application on March 4, the Senate however suspended Akpoti-Uduaghan for six months, the following day, March 5.

Although she had filed a contempt charge against Akpabio and the other respondents, for proceeding with the investigation in disobedience of the order of Justice Egwuatu, the court however vacated the exparte order on March 19, following an application by the defendants and adjourned till March 25, for hearing. When the matter came up yesterday, the trial judge after taking the appearances of lawyers in the matter announced his decision to withdraw from the case.

The Senate President was said to have expressed lack of confidence in the ability of the court to do justice on the matter.

The judge added that the case file would be returned to the Chief Judge of the Federal High Court, Justice John Tsoho, for reassignment to another Judge.

Senate Confirms Nwakuche as CG NCoS

Akpabio asks him to end jail breaks Presidency lauds Tinubu’s assents to anti doping, South-west, South-south devt bills Senate backs bill to establish varsity in Epe

Sunday Aborisade in Abuja

Senate has confirmed the appointment of Sylvester Ndidi Nwakuche as the Comptroller-General, Nigerian Correctional Service (NCoS).

The confirmation by the Senate

Resolves Osun, Segilola Rift

Alaran in Abuja

The Minister of Solid Minerals Development, Dr. Dele Alake, has stressed that a harmonious relationship between state governments and mining operators was crucial not only for attracting investment but also for advancing the nation’s mining sector. He spoke during a mediation parley with Osun State Governor, Ademola Adeleke, and representatives from Segilola Resources Operating Limited (SROL) at his office in Abuja.

Alake emphasised that solid minerals played a central role in the federal government’s economic diversification agenda. He noted that efforts in this regard would be jeopardised in a sector riddled with conflicting policies and strained relations between operators and state governments.

“In a business environment with multiplicity of regulatory authorities, foreign investors are discouraged,”

said Alake, adding: “Investors prefer countries where regulations are clear, streamlined and consistent.

“It is trite to emphasise that solid minerals belong exclusively in the federal government’s purview but when subnational governments issue conflicting directives, it deters the critical investments needed to grow the mining sector.”

The minister urged an amicable resolution of the dispute between Osun State and SROL, highlighting that the state stood to benefit from an environment that promoted industrial harmony and eases the business climate.

Such conditions, he said, would lead to increased revenue and attract foreign direct investment (FDI).

At the height of the dispute, which resulted in the closure of SROL’s operations by the state government, Alake established a high-powered committee led by Engr. Ganiyu Imam, Director of the Ministry’s Mines Inspectorate.

The committee has since submitted its findings. The minister, however, convened the meeting based on the report of the committee to mediate, achieve resolution and put a closure to the imbroglio .

Governor Adeleke welcomed the minister’s intervention, expressing the state’s commitment to improving the ease of doing business while ensuring that ethical standards were upheld.

He reiterated the state government’s readiness to reach a compromise with the company to ensure smooth mining operations in Osun.

Special Adviser to the Governor on Mining and Mineral Resources, Prof. Lukman Jimoda, outlined the key issues at the heart of the dispute, including disputed tax claims (particularly Pay As You Earn, PAYE), the state’s shareholding in the company, environmental concerns, and the broader economic interests Osun should gain from Segilola’s operations.

was sequel to the presentation and consideration of report by Senator Adams Oshiomhole, APC, Edo North led Senate Committee on Interior.

In his presentation, Oshiomhole said, “the Senate do Receive and Consider the Report of the Committee on Interior on the confirmation of the nomination of Nwakuche, Sylvester Ndidi mni, MFR for appointment as Comptroller-General; Nigerian Correctional Service (NCS).”

In his remarks, President of the Senate, Senator Godswill Akpabio, urged the confirmed ComptrollerGeneral, Nigerian Correctional Service (NCoS) to use his office to end cases of jailbreak in the country.

He said he was coming at a difficult time where we hear cases of jailbreak in the country, saying, “To whom much is given, much is expected. I hope that his appointment will bring an end to jailbreak.”

President Tinubu had last week asked the Senate to consider and confirm the nomination of Nwakuche as the CG of NCoS.

Meanwhile, the Senate, yesterday, passed for second reading a bill seeking to establish the Federal University of Science and Technology, which would be situated in Epe, Lagos State.

The bill was sponsored by the Leader of the Senate, Senator Opeyemi Bamidele and seconded

by the Deputy Leader of the Senate, Senator Oyelola Ashiru.

Leading debate on the proposed university, Bamidele explained the significance of establishing the new university, which according to him, was designed to produce highly skilled graduates to drive the country’s innovation and economic growth.

Bamidele, representing Ekiti Central, said when finally established, the university would provide topnotch education in various fields of science and technology that would drive the country’s digital economy.

According to him, the university will offer a wide range of undergraduate programmes in fields such as Mechanical Engineering, Electrical Engineering, Computer Engineering, Civil Engineering, Computer Science, Software Engineering, Data Science, Artificial Intelligence, National Science, Physics, Chemistry, Biology and Mathematics among others

He further explained that the proposed university “has a mission of producing highly skilled graduates who will drive innovation and economic growth in Nigeria.”

Buttressing Bamidele’s justification for the university, Ashiru noted that Epe symbolised new Lagos, gradually emerging the country’s fast-growing hub of economic and industrial complex.

According to the deputy senate leader, “Epe is where the new development is taking place. It is in proximity to Ibeju-Lekki, the hub of industrial activities, creative economy and real estate development.”

Consequently, the senate passed the bill into second reading and referred it to the Senate Committee on Tertiary Institutions and Tetfund to report back to the plenary within four weeks Meanwhile, Special Adviser to President Bola Tinubu on Senate Matters, Senator Basheer Lado, has commended his principal for assenting to South West and South - South Development Commissions Bills as well as the Nigeria Anti - Doping Bill 2025.

Lado, who made the commendation in a statement, described presidential assets to the bills as monumental milestone and testament to visionary leadership and national progress .

“President Bola Tinubu’s decisive and visionary assent to the SouthWest Development Commission Bill, the South-South Development Commission Bill, and the Nigeria Anti-Doping Bill, 2025.

“These landmark legislations are a clear reflection of President Tinubu’s relentless commitment to inclusive governance, equitable progress, and Nigeria’s emergence as a global powerhouse.

State Commissioner of Police, Olugbenga Adepoju (4th from left), alongside other security chiefs, briefing journalists on recent security achievements in the state, yesterday

Ho N o U r for H U mp H re Y Nwo SU behind the symbol of the party of their choice to vote and to be physically counted.

“Professor Nwosu did his best, which was not always appreciated by many, including those who appointed him under an infinite transition from military rule to democracy, which ended in the annulment of the presidential election held in 1993, resulting in the dissolution of the electoral commission and the emergence of an interim government.

“However, with the passage of time, the outcome of his effort is now widely appreciated. The election is now celebrated as one of the best in Nigeria. Even those who annulled it have expressed regret.”

“A quarter of a century (25 years) later in June 2018, the presumed winner of the 1993 Presidential election, Chief M. K. O. Abiola, received the highest national honour, the Grand Commander of the Federal Republic, posthumously. His running mate, Ambassador Baba Gana Kingibe, was conferred with the second highest national honour, the Grand Commander of the Order of the Niger. The date of the election (June 12th, 1993) has been gazetted as a national holiday and appropriately named Democracy Day.

“Sadly, the electoral commission that conducted the election which was personified by Professor Nwosu received only a muffled commendation as if no one conducted the election. Surely, the election did not conduct itself. It was organised by a Commission made up of Commissioners and a Chairman. If it was an oversight that Professor Nwosu was not honoured in his lifetime, it is never late for the appropriate authority to do so posthumously.

“For us in INEC, we will continue to appreciate Professor Nwosu and the dedicated service he rendered to the nation.”

Yakubu’s call is representative of those who like to take a wholistic view of the June 12 phenomenon with all its contradictions.

Nwosu’s name should not be missing in the June 12 roll of honour. That is the summary of the calls from diverse quarters.

After all, in several months preceeding the election there was hardly any day that

the name Humphrey Nwosu would not be mentioned in the print and electronic media. There was no social media in that period! By the way, the professor was one of those public figures often identified with their two names pronounced together unlike others better known with their first or last name. Any reference to him must be pronounced as Humphrey Nwosu!

In the mixed responses to the recent launch of Bababngida’s memoirs entitled “Journey in Service: An Autobiography,” some readers of the book have said that the former president has only confirmed in his account the position stated by Nwosu in his own book, “Laying the Foundation for Democracy in Nigeria: My Account of the June 12, 1993 Presidential Election and its Annulment.”

UNICAL Co N vo CATI o N AND TH e J UDICIA r Y Court admonished judges to “maintain a very big distance from politics and politicians” warning that: “….the two professions do not meet and will never meet at all in our democracy in the discharge of their functions…. Their waters never meet in the same way Rivers Niger and Benue meet at the confluence near Lokoja. If they meet, the victim will be democracy most of the time, and that will be bad for sovereign Nigeria.”

In his memoirs, Faces, Cases and Places, published in 1983,(p.78), former Chief Justice of Nigeria, Atanda Fatayi Williams, said: “In Nigeria, familiarity does not breed contempt. It breeds obligation. As a result, people with whom you are friendly expect you to bend the rules to suit their requirements. It pays in the end for a judge, even at the risk of being accused of being a snob or of haughtiness, to be somewhat aloof, not only from members of the Executive, but also from political powerbrokers.”

Neither Festus Akande not, indeed, Justice Emmanuel Agim as a Justice of the Supreme Court can pretend to be unaware that Nyesom Wike is the most prolific current political litigator in Nigeria. To justify public fraternizing with him by a Supreme Court Justice is to licensing the accessorizing of judicial officers for political purposes.

On the last day of February 2025, the Supreme Court delivered judgment in the consolidated appeals in SC/CV/1174A/2024 et al, Rivers State House of Assembly & Anor vs. The Government of Rivers State & 9 Ors. The case sought orders of the court to, among other things, require the Central Bank of Nigeria to withhold the federal allocations of the Government of Rivers State until the passage of a budget by a faction of the State House of Assembly. At the time, the question of the right of that faction of the State House of Assembly to function as such was the subject of litigation before lowers courts in FHC/ PHC/CS/2024 Oko-Jumbo & 2 Ors vs. Martin Amaewhule & Ors (pending in the Federal High Court in Port Harcourt since April 2024).

The case seeking to withhold the federal allocations of Rivers State was un-related to this appeal. Delivering the judgment of the Supreme Court on 28 February, Emmanuel Akomaye Agim framed two issues for determination neither of which had anything to do with then issues pending before the Federal High Court. Yet, without an appeal from that case before it, the court purported to determine the issues then pending before the Federal High Court on the question of the defection of the 27 members of the Rivers State House of Assembly from the platform on which they were elected (the Peoples Democratic Party, PDP, to the All Progressives Congress, APC). Even though the issue of the defection of the 27 members of the Rivers State House of Assembly did not arise in the appeal, the Supreme Court raised it by itself and shockingly decided a case that was

put in place by NEC for its condct shoddy?”

In telling his own June 12 story, Nwosu applies a lot of rigour as a scholar and provides immense insights.

Take a sample from the book: “… some civilian and senior military colleagues of the President that were present at the critical meeting of NDSC (National Defence and Security Council) on June 11, 1993 opposed the conduct of June 12 election. The President and Vice President and us were on one side of the divide. Some of his colleagues were on the other side of the divide. The most visible and outspoken military officer who was on the side of the President and actualisation of the June 12 election throughout was Col. Abubakar Umar, but unfortunately he was not a member of the NDSC.”

Now, compare Nwosu’s version with Babangida’s on the visible polarisation within the regime in those critical days. For instance, Nwosu confirms in his own book that both President Babangida and Vice President Augustus Aikhomu were on the opposite side of the forces of annulment. Ironically, some members of the military and civilian forces of annulment have been beneficiaries of conclusive executive and legislative elections in the 26 years of the Fourth Republic.

In the book which should be read by those seeking a deeper understanding of the June 12 story, Nwosu puts the matter clearly as follows: “…the result of the June 12, 1993 presidential election would have conferred on President Babangida’s administration the greatest reservoir of legitimacy no regime had ever enjoyed in Nigeria. Undoubtedly, its annulment on June 23, 1993 created the greatest legitimacy problem toward the end of his admistration and the problem so created still lingers till date. The critical questios to answer include the following: why was the presidential election which Alhaji MKO Abiola won decisively and which the two political parties affirmed at each level of collation annulled? Was the election flawed in any way? Was it rigged in any manner? Was it free and fair? Were the peparations

still pending at the High Court.

This course of action has no precedent in Nigeria’s judicial history. It is the first in the history of Nigeria that the Supreme Court will take over a case that is pending in the Federal High Court. Unsurprisingly, counsel to the 27 legislators promptly applied to the Federal High Court in Port Harcourt asking it to dismiss the case on the ground that it has become academic on the basis that the Supreme Court has decided the matter while it was still at the Federal High Court. The Port Harcourt judicial division of the Federal High Court will render its judgment on this application on 20 April, 2025.

On 14 March, 2025, a three-judge panel of the Court of Appeal sitting in Abuja in Appeal No., CA/KN/27/M/2025, Alhaji Aliyu Babba Dan Sarki Dawaki Babba vs. Kano State House of Assembly & 7 Ors, granted a “Mandatory Injunction” (not a stay of execution) arresting the enforcement of the judgment of the same Court of Appeal on 10 January 2025 in Appeal

No. CA/KN/126/2024, Kano State House of Assembly & Anor vs. Alhaji Aminu Babba Dan Agundi & Ors. The earlier judgment of the Court was delivered by a panel led by Justice Gabriel Kolawole, a Justice of Appeal since 22 June, 2018. The latter decision arresting that judgment was given by a panel led by Justice Okon Abang, a Justice of the Court of Appeal since 20 September 2023. Other members of the latter panel were Justice Eberechi Suzette Nyesom-Wike (Justice of the Court of Appeal since 10 July 2024) and Justice Oyejoju Oyewumi (Justice of the Court of Appeal since 10 July 2024). This panel of the Court of Appeal included the wife of the Minister of the FCT, Nyesom Wike.

In terms of seniority in the Abuja division of the Court of Appeal, Justice Okon Abang is no. 6 out of 10; Justice Nyesom-Wike is No. 9; and Justice Oyewumi is the last. It is unprecedented for a panel this junior to be constituted to sit upon a decision of a much more senior panel of the Court of Appeal. It is equally notable that the

However, it will remain part of the history of June 12 that Nwosu struggled (albeit in vain) against the annulment.

Just imagine this: if Nwosu had succumbed to the bullying of the infamous anti-June 12 powerful men to say that Abiola didn’t win the election the story might have been different today. Such a moral collapse could have provided another justification for the grievous act of those who invariably put the Nigerian polity in a suspended animation for five years after the momentous election. If for nothing else, Humphrey Nwosu’s memory deserves to be honoured because of the professor’s courage of conviction.

For instance, some advocates of honour for Nwosu have suggested for the consideration of the federal government naming the headquarters of INEC as Humphrey Nwosu House (HNH).

President of the Court of Appeal has unilaterally moved this case to Abuja from Kano. The subject matter of this appeal is a fundamental rights claim by a disaffected king-maker in respect of the stool of the Kano Emirate from which Aminu Ado Bayero was deposed. The Court of Appeal in Kano had denied that claim, holding that the Federal High Court had no jurisdiction over essentially chieftaincy matters.

Following this decision, Aminu Ado Bayero, who is not a named party in the case, notified the security services in Kano of his intention to hold an Eid-El-Fitr Durbar at the end of the holy month of Ramadhan. I am reliably informed by sources within the Court of Appeal of plans by some people to procure an order of the same Court of Appeal on Tuesday, 25 March 2025 to enjoin the security authorities in Kano to ensure co-operation with and protection for the Durbar proposed by Aminu Ado Bayero. Meanwhile, on Monday, 24 March 2025, the Supreme Court entered an appeal against the ruling of the Okon Abang-led Court of Appeal panel as Appeal No SC/CV/279/2025. This should ordinarily preclude the Court of Appeal from further engagement with the subject matter but these are no ordinary times and no one can say what could happen.

Aminu Ado Bayero, the Chancellor who conferred the honorary degree on the Minister of the FCT, is seeking to claim benefit of a curious, incongruous and improbable order of the Court of Appeal panel which included the wife of the Minister. As I write, the panel has yet to release the text of the reasoning on which it issued its orders.

Justice Emmanuel Agim is the author of a curious, incongruous, and inexplicably unprecedented decision of the Supreme Court in favour of satraps of the same Minister in the political contest in Rivers State.

This context makes the optics of that particular occasion in Calabar an awful advertisement for high subversion of the values of judicial independence and democracy, around whose flags Festus Akande sought to wrap his defense of the indefensible. Even worse, these facts create a credible perception of network transaction in judicial orders.

The 50th anniversary convocation of a university is not an emergency event. The parties who met in Calabar had to have had notice of that event long before the dates of the judgments or rulings in the cases in which their interests interlocked. There was ample time, if they desired, to make alternative arrangements. Their decision to proceed in the manner they did without any regard to the optics or possible damage to the standing of the judicial institutions serves neither judicial independence nor democracy. Instead, it showcases a peculiar brand of hubris and impunity at the desecration of those high constitutional values.

•Odinkalu is a lawyer and a teacher. He can be reached at chidi.odinkalu@tufts.edu

Justice Kekere-Ekun

Humphrey Nwosu

Super Eagles’ World Cup Ambition Suffers Shock Draw

Duro

Super

Ikhazuagbe

Stakeholders Hail NNPC

over Sponsorship of Super Eagles Live Telecast

Football stakeholders have expressed their appreciation to the Nigerian National Petroleum Company Limited (NNPC Ltd.) for its sponsorship of the live broadcast of the 2026 FIFA World Cup qualifiers featuring the Nigerian senior national team.

These positive reactions came after NNPCL sponsored the live broadcast of the Super Eagles’ matchday six 2026 FIFA World Cup qualifier against Zimbabwe, held at the Godswill Akpabio Stadium in Uyo on Tuesday.

This move was made possible in partnership with Afrosports TV and its affiliate partners.

Earlier in the week, NNPCL also funded the live broadcast of Nigeria’s match against Rwanda at the Amahoro Stadium, demonstrating the company’s commitment to ensuring Nigerians, both at home and in the diaspora, have access to these crucial qualifiers.

Emmanuel Amuneke, Former African Footballer of the Year, praised the initiative during a media interaction on Tuesday. He harped on the importance of fan engagement in football development.

“When we talk about football

development, it’s not only about what happens on the pitch but also how we engage and support our fans,” Amuneke said.

“NNPCL’s sponsorship of live broadcasts is a fantastic way to ensure that every Nigerian can follow the Super Eagles, no matter where they are. This partnership is the kind of support Nigerian football needs.”

Former Nigeria international, Waidi Akanni, described the sponsorship as a timely and commendable effort.

“It’s a commendable move from NNPCL because it gives Nigerians a great opportunity to follow these crucial games, especially at a time when there are uncertainties surrounding the telecast of these games on cable television,” Akanni noted.

Ace Journalist and Former Media Officer of the Super Eagles, Toyin Ibitoye, also praised the initiative, highlighting the importance of corporate responsibility in promoting sports in Nigeria.

“This initiative by NNPCL highlights the importance of corporate responsibility in promoting sports in Nigeria,” Ibitoye said.

Lagos Affirms Support to TASG as Winners Emerge at Athletics Meets

Amidst excitement and cheers from parents, guardians, and supporters at the second season of The Athletics School Games (TASG), new stars have risen, and overall winners have been crowned at the one-day meet held at the Yaba College of Technology (YABATECH) Sports Complex in Lagos.

Sixteen schools, including eight primary and eight secondary institutions, competed in the Lagos State Athletics Association (LSAA)sanctioned tournament, with officials from the Athletics Federation of Nigeria (AFN) overseeing the event.

The competition attracted a large crowd of parents, guardians, and school officials who turned out in full support of their teams. Despite the scorching sun, the athletes showcased their impressive skills in both track and field events.

At the end of the day, St. Saviour’s School, Ikoyi, and Grange School, Lagos, topped the medal table in the primary and secondary categories, respectively.

In the primary school division, St. Saviour’s dominated the relay events, amassing 214 points to claim the top prize. Grange School followed closely in second place with 213 points, while

Lagos Preparatory and Secondary School secured third place with 152 points.

In the secondary school category, Grange School delivered a dominant performance, accumulating 655 points to claim first place.

The International School Lagos (ISL) secured second place with 434 points, while Avi-Cenna International School finished third with 349 points.

Lekan Fatodu, Director-General of the Lagos State Sports Commission (LSSC), commended the organizers for the initiative and emphasized the Commission’s continued support for TASG, noting that the event aligns with its talent discovery agenda. Fatodu, represented by the Commission’s Director of Sports Development, Nunayon Travih, stated, “This event provides a valuable opportunity to discover and nurture young athletes who will represent the state at the National Youth Games.

The Lagos State Sports Commission is fully behind TASG because it focuses on talent development, which is a core aspect of our mission. We are pleased with the organization, and this is indeed a world-class event for the athletes. We need to continue supporting it.”

to add the three points from the match to the three from last Friday win against Rwanda in Kigali are now stuck in fourth place in Group

C on seven points. South Africa who defeated Benin Republic 2-0 in Abidjan are now the run away leaders on 13 points,

needing just two more wins to take the group ticket. Benin Republic’s Cheetahs and Rwanda’s Amavubi are both on

Osimhen’s goal in the 1-1 draw with Zimbabwe was not enough as the visitors shared points with Nigeria in Uyo...yesterday

eight points, one more than the Super Eagles, with four rounds of matches left, to be played over the months of September and October.

As it was the case in Kigali, Galatasaray forward, Victor Osimhen, playing his 40th match for the senior team, scored his 26th Nigerian goal to put Eagles in front after 74 minutes. He scored from Olaoluwa Aina’s cross from the left that escaped every Zimbabwean player in the defence. With robust confidence and a positive spirit from their win over Rwanda in Kigali on Friday, Nigeria launched onslaught after onslaught particularly through the left side of the Zimbabwean defence, with Simon Moses always in good flow, but goalkeeper Washington Arubi thwarted their forays and kept his team in the game.

Three minutes after Osimhen’s goal, the visitors could have scored as Khama Billiat broke from the left and the Super Eagles were only saved by the crossbar.

Substitute Tawanda Chireda would eventually find the leveller on the dot of 90 minutes, as the Warriors swept past the Nigeria rearguard and he cleverly poked past goalkeeper Stanley Nwabali from close range. Rwanda and Lesotho played out a 1-1 draw in Kigali in the third game of the Group.

World Cup Lifeline for Nigeria as South Africa Risk Losing Three Points to Lesotho

Kunle Adewale

Despite dropping two points against Zimbabwe yesterday to dent Super Eagles ambitions, Nigeria’s hope of hoisting her flag at the 2026 FIFA World Cup may have been further boosted with Group C leaders, South Africa set to lose three points.

The Bafana Bafana have been accused of fielding an ineligible player in their match against Lesotho last Friday. And if Lesotho FA protest to FIFA succeeds, Nigeria could be in a good position to still qualify for next year’s World Cup if South Africa are found guilty. Bafana Bafana will be deducted three points to reduce their total haul to 10, just three points above Nigeria. Nigeria currently face an uphill task of qualifying for the biggest showpiece on earth as they are six points behind leaders, South Africa, in their group with just four games left to Theplay.Bafana Bafana have been accused of allegedly fielding an ineligible player, Teboho Mokoena in their 2-0 win over Lesotho last Friday.

According to the FIFA’s rule 63 governing World Cup qualifiers, Mokoena should have been suspended against the Crocodiles after picking up two yellow cards in two previous games in the same qualifying campaign.

The Mamelodi Sundowns star

picked up a yellow card in the 45th minute of South Africa’s 2-1 win over Benin on matchday 1 before picking up another yellow card in the 52nd minute of the 3-1 win over Zimbabwe on matchday 4.

As a result, Mokoena should have sat out the 2-0 win over Lesotho.

Right now, FIFA has not released a statement on the situation.

Lesotho Football Association (LFA) confirmed yesterday that it has sent a query to FIFA over the yellow cards accumulated by the Bafana Bafana midfielder Teboho Mokoena in the 2026 World Cup qualifiers.

The question is, was a rule broken? If yes, we are fully entitled to protest

and get the points. We were made aware of Mokoena’s bookings and we have since sent a formal inquiry to CAF and FIFA,” observed Lesotho FA Secretary-general Mokhosi Mohapi.

“We have heard that Nigeria also want to protest and they too are entitled to that because the result (last Friday) prejudices everyone. Suppose it was us who fielded a defaulter and got the points, Bafana would have done the same.” Mohapi said South Africa could not expect to use proximity to Lesotho as a basis not to file a protest. “Unfortunately, the law is the law and SAFA should have known about the bookings. We have no hard feelings.

We want those points,” concludes the Lesotho FA scribe. Super Eagles have also been on the receiving end of this rule after they were deducted three points for fielding an ineligible player (Shehu Abdullahi) in their 2018 World Cup qualifier against Algeria . Although the match ended 1-1 on the pitch, the Desert Warriors were handed 3-0 technical points as Shehu had picked up two yellow cards in previous games and should have been suspended for the match. Thankfully, the administrative error was not costly as Nigeria had already secured qualification before that dead rubber match.

FirstBank Partners South West Games 2025

As part of its First@Sports initiative, Nigeria’s foremost financial institution; FirstBank of Nigeria Limited, has thrown its weight behind the maiden edition of the South West Games 2025.

The three-day competition which will feature 1,200 athletes and about 120-officials drawn from the six states of the South West Region will feature Seven Sports, ranging from Football, Basketball, Volleyball, Tennis, Archery amongst others.

The event which is already the talk within the sporting circuit is also part of Bola Ahmed Tinubu South

West Alliance Games, (BAT-SWAG), a fusion aimed at providing platform for young Nigerians to achieve global recognition.

Expressing his appreciation on the impact FirstBank and others support will have on the competition, President of the Organising Committee, South West Games, Dr Lanre Alfred said FirstBank and other endorsements signals a strong commitment to an initiative that will engender social and economic development across the region.

Known for its support for sports through its First@sports initiative over

the years, FirstBank; a leading player in the banking sector has consistently demonstrated its commitment to nation building and developing sporting talents while supporting legacy sports such as Polo, Golf and Tennis. Football and Basketball are the other sporting areas where FirstBank’s First@sports initiative has been well pronounced. South West Games/BAT-SWAG is endorsed by National Sports Commission and is scheduled to take kickoff from today, March 26 to March 28, 2025.

Victor

MISSILE

Chatham House to Nigeria

“The failure to reduce corruption has led to political clientelism and impunity and created a perception among citizens that there is no accountability for those involved, and higher risks for those who resist. The government should strengthen its commitment to anti-corruption by working with the National Assembly to pass legislation mandating asset declarations and ensuring public access to these records, with consequences for non-compliance” --ChathamHouse, aUK-basedInternationalAffairsThinkTank,tasksNigerianleaderstosincerelytacklecorruption.

It is beyond debate that Professor Humphrey Nwosu, whose remains will be buried on Friday, was an eminently unsung hero in the June 12 story.

Nwosu’s funeral will take place at his residence, Ogbili Otti Palace, Ajalli in the Orumba North Local Government Area of Anambra State.

Amidst the preparations for the funeral of the political scientist, there have been reasoned voices in favour of a national recognition of the historical role played by Nwosu in making the June 12, 1993 presidential election possible, in the first place.

The election was expected to be the culmination of the circuitous transition programme of the regime of President Ibrahim Babangida. It was an epic contest between Bashorun Moshood Abiola of the Social Democratic Party (SDP) and Alhaji Bashir Tofa of the National Republican Convention (NRC).

As President Ibrahim Babangida, the author of the elaborate transtion programe, now states unequivocally in his memoirs, Abiola resoundinly won the election.

As an accomplished theorist of politics, Nwosu found a veritable laboratory to test his hypothesis when Babangida appointed the scholar to the post of the chairman of the National Electoral Commission (NEC), the body regulating elections in Nigeria in those days. Nwosu performed that national

assignment creditably from 1989 to 1993, the year the debacle began.

Incidentally, Nwosu took over from his former teacher, another icon of the political science disciplne, Professor Eme Awa. Nwosu accepted to do the job with all his energy and commitment to a national purpose. Such was Nwosu’s enthusiasm as the umpire that his characteristic gesticulation on television while explaining the process were dismissed as a spectacle by skeptics of the transition programme. Indeed, with courage and clarity of purpose, the political scientist performed not a few experiments, the result of which might be of great interest to future historians and psephologists (experts in the study of elections).

It is hardly mentioned in many versions of the June 12 story that the electoral body headed by Nwosu had successfully conducted elections for councillors, local government chairmen, state governors and members of the National Assembly (NASS) as a substantial part of the transition programme.

So, local governments, state governments and the federal legislature were funtioning well

“The call for a posthumous honour of Nwosu’s memory is squarely predicated on the fact that he led the commission that managed what is now referred to as the freest and fairest election in history”

as at the time the June 12 election took place. The elected men and women were looking forward to the election of the president for the Third Republic to be fully proclaimed.

But the annulment of the election on June 23, 1993 truncated the process.

The call for a posthumous honour of Nwosu’s memory is squarely predicated on the fact that he led the commission that managed what is now referred to as the freest and fairest election in history.

One conspicous voice in favour of honour for the memory of Nwosu came two days ago in a session of tributes at the headquarters of the Independent Electoral Commission (INEC) in Abuja. It was the voice of the INEC chairman, Professor Mahmood Yakubu. Yakubu’s important tribute encapsulates the case for a posthumous honour in memory of Nwosu. The INEC chairman made the point so persuasively that his statement is considered worthy of reproduction here for the record:

“Like all his six predecessors and seven successors to date, he (Nwosu) had the arduous task of managing elections in an extremely challenging context.

“He also introduced a number of reforms to election management. His tenure is synonymous with the Open Ballot System, popularly referred to as Option A4 in which voters queued up

Chidi AnselmODINKALu

As part of its golden jubilee, the University of Calabar is said to have held a special convocation ceremony on Saturday, 22 March, 2025 where it handed out honours to all manner of persons. The Chancellor of the University is Aminu Ado Bayero, the deposed Emir of Kano. Present at that event also were Nyesom Wike, Minister of the Federal Capital Territory and Nigeria’s most prolific political litigant; as well as Justice Emmanuel Akomaye Agim, a senior Justice of the Supreme Court who delivered the leading decision in the recent judgment of that court concerning the withholding of the federal allocations of the Rivers State Government.

Images of the events in Calabar putting these major actors in contemporary politics of the Nigerian judiciary in close propinquity with one another have gone viral. In response, Festus Akande, Director of Information and Public Relations at the Supreme Court issued a public statement on Monday, 24 March, 2025, in which he felt compelled to claim that Emmanuel Agim attended the convocation “as an esteemed honouree and an alumnus of the institution, whom the Governing Council had found worthy to be conferred with an Honorary Doctorate Degree in Law (Doctor Honoris Causa). He was recognized for his

significant contributions to the legal profession; which is a reflection of his commitment to justice, integrity, and the rule of law, serving as a model for aspiring legal professionals and students alike.”

Mr. Akande’s statement further claimed that “Emmanuel Agim’s participation at the ceremony was independent and not as an official representative of any government ministry or department,

let alone accompanying any serving or retired government official”, before asserting that “any insinuation to the contrary is not only inaccurate but undermines the judicial independence that is crucial to our democracy.”

These claims are made in the name of the Supreme Court and in pursuit of high sounding goals of judicial independence and democracy.

The Supreme Court is a public institution embodying the highest judicial authority in the Federal Republic of Nigeria.

Judicial independence is a high constitutional principle ordained for the protection of judicial authority as a public trust. It is not a self-serving shibboleth.

In terms of Nigeria’s constitution, the source of democratic legitimacy resides in the people alone.

To leave Festus Akande’s claims uncontested or without a response, therefore, is to diminish the high authority of the Supreme Court, the service of the distinguished men and women who have laboured to give it its historically high standing in the public imagination until recently, and the high principles of judicial independence and democracy instituted for the protection of the peoples of Nigeria.

This statement is issued out of concern to stem the heedless hemorrhaging of the rarefied authority of the Supreme Court of Nigeria. In this spirit,

UNICAL Convocation and the Judiciary Honour for Humphrey Nwosu

it is essential to set the records straight, even if ever so briefly.

The fact that Festus Akande considered it essential to issue the statement itself shows what something was wrong with that event in Calabar. In case he needs reminding, Lord Chief Justice Hewart laid down the applicable standard for judging judicial impartiality and independence in 1923 in R. v Sussex Justices, Ex Parte McCarthy, (1923) All ER 233, to the effect that: “Nothing is to be done which creates even a suspicion that there has been an improper interference with the course of justice.”

That event in Calabar was rich with pictures to support suspicions of improper interference with the cause of justice.

Rule 2.8 of the Revised Code of Conduct for Judicial Officers in Nigeria (2016) is very clear: “A Judge shall avoid developing excessively close relationship with frequent litigants – such as government ministers or their officials, municipal officials, police prosecutors in any Court where the Judge often sits, if such relationship could reasonably create an appearance of partiality.”

In Buhari vs. Independent National Electoral Commission & Ors (2008) LPELR-814(SC) at PP.145-146, Justice Niki Tobi of the Supreme

Justice Kekere-Ekun

Nwosu