FEATURES

FEATURES

Former Accountant-General of the Federation (AGF), Ahmed Idris, has accused the Economic and Financial Crimes Commission (EFCC) of failing to tender all the statements he made during his interrogation before the court.

Naija News understands that Idris is facing trial on a 14-count charge alongside Geoffrey Akindele, Mohammed Kudu Usman, and the company Gezawa Commodity Market and Exchange Limited, at a High Court in the Federal Capital Territory (FCT), Maitama.

All the defendants in the case have pleaded not guilty to the charges. Idris, who was arrested on May 16, 2022, over allegations of funds diversion and money laundering, claimed that the EFCC has not presented all the statements he made during their investigation.

The presiding judge, Halilu Yusuf, has ordered a trial-within-trial to determine whether the statements should be admitted as evidence.

The counsel to Idris, Chris Uche, accused the EFCC of misleading his client, claiming that the agency had assured him no trial would take place if he provided information implicating a former finance minister and certain governors.

Idris, in turn, urged the court to reject his confessional statements, arguing that they were obtained under duress and in violation of sections 15(4) and 17(1)(2) of the Administration of Criminal Justice Act (ACJA) 2015. He emphasised that his lawyers were not present during the interrogations and that the sessions were not recorded.

In response, Hayatudeen Suleiman, one of the lead investigators for the EFCC, denied the allegations made by Idris’ legal team.

The prosecution presented 13 of Idris’ 16 statements as evidence in the case, but Idris insisted that three key statements were not included.

He explained that these statements, which were made on June 10, 2022, June 27, 2022, and July 5, 2022, were dictated to him by EFCC investigators without the presence of his legal counsel.

Idris told the court, “Apart from the 13 statements brought to court by EFCC, I made a total of 16 statements on different days in the course of the investigation.”

He further revealed that the statements were dictated to him, and he was not allowed to write any cautionary words, contrary to what the EFCC has alleged.

“None of my written statements were video recorded by my interrogators,” he added, pointing out the lack of documentation in the process.

The trial continued on Wednesday, with Idris providing details of his interactions with the EFCC. The judge adjourned the matter to July 17 for the prosecution to begin cross-examining the former AGF.

Abia State Governor, Alex Otti has reacted to the reports of his suspension by the Julius Abure-led faction of the Labour Party, LP, calling on the Inspector General of Police, Kayode Egbetokun to quickly arrest Abure for alleged impersonation.

Otti, who spoke through his Special Adviser on Media and Publicity, Ferdinand Ekeoma, on Wednesday, described the news of his suspension as a joke taken too far and an affront on democracy.

According to the Abia Governor, the Supreme Court had ruled that Julius Abure is no longer the National Chairman of the LP, while the Nenadi-Usman-led Caretaker Committee had stripped Abure the authority to parade himself as the National Chairman of Labour Party.

“For the records, the highest court in the land, the Supreme Court of Nigeria has rightly and unambiguously stated that Julius Abure is no longer the National Chairman of Labour Party,” he stated.

Otti urged Nigerians to disregard the news of his suspension by Abure.

“Just few hours after being summoned by a Committee Set up by the Senator Nenadi Usman-led National Caretaker Committee to come and respond to allegations of gross misconduct bordering on financial misappropriation,impersonation and anti party activities levelled against him, Abure decided to be smart by half by rushing to the press to announce the purported suspension of Governor Otti and other eminent members of the party.

“Finally, we call on the Inspector General of Police to quickly arrest Mr. Abure for impersonation, while INEC should ensure full implementation of the Supreme Court judgement as a way of preserving the integrity of the Supreme Court and protecting our democracy”, Ferdinand Ekeoma said on behalf of Otti.

[DailyPost]

 
  • IFAD, AFD partner Nigeria

The Federal Government has signed a $158.15 financing deal for the Value Chain Programme in Northern Nigeria (VCN) as part of ongoing efforts to revolutionise the agriculture sector.

It was sealed yesterday at the State House in Abuja by representatives of the Federal Government, the International Fund for Agricultural Development (IFAD), and the French Development Agency (AFD).

All the parties are co-funding the eight-year initiative, which was validated on March 21, last year following Vice President Kashim Shettima’s request during UNFSS stocktaking in Rome, Italy, on July 24, 2023.

Shettima had charged IFAD to scale-up its portfolio in Nigeria and mobilise more donor-partners to support the agri-food transformation and food security of the Renewed Hope Agenda (RHA).

The enterprise is expected to sustainably reduce poverty, enhance nutrition and better resilience of rural and most vulnerable populations in the nine Norths states of Borno, Bauchi, Kano, Katsina, Kebbi, Jigawa, Sokoko, Yobe and Zamfara.

 

Speaking during the signing of the financing agreement, Shettima described the initiative as a product of critical thinking about the economic reality of the north.

In a statement issued by his media aide Stanley Nkwocha, the vice president described the initiative as a fulfilment of the promise made by the President Bola Ahmed Tinubu-led administration to reduce poverty and restore dignity to farmers and ensure food security.

The statement reads: “It is a declaration of faith in the North – not as a region of deficits, but as a place of abundance. It also invites us to play our part in fulfilling the promise to reduce poverty, nourish our people, and restore dignity to farming families across Bauchi, Borno, Jigawa, Katsina, Kebbi, Sokoto, Kano, Yobe, and Zamfara.

“What has brought us together today is an investment of $158.15 million, co-financed by the International Fund for Agricultural Development (IFAD), the Agence Française de Développement (AFD), the Federal Government of Nigeria, and other stakeholders. This reflects President Bola Ahmed Tinubu’s commitment to prioritising what matters most – people, productivity, and prosperity.”

According to Shettima, the VCN feed into the Special Agro-Industrial Processing Zones (SAPZs) programme across the country.

He said: “It will serve as a steady pipeline of raw materials and ensuring our processors no longer grope for quality inputs.

“This synergy will shift us from exporting raw produce to exporting value-added goods- creating jobs, wealth, and industrial stability.

 

“The recent global trade disruptions and the resurgence of protectionism are loud warnings to Nigeria to begin to grow what its people eat and produce what they trade.

“The agricultural tariffs and retaliatory postures of global powers like the U.S. and China have rattled commodity chains. For a nation that has long relied on food imports, the message is clear: we must grow what we eat and produce what we trade.

“The VCN answers this call. By making wheat, maize, and animal feed viable for commercial cultivation, and by investing in irrigation, processing, and storage facilities in states like Kebbi and Jigawa, we are not just securing food—we are laying the groundwork for agricultural exports that can rival our oil.”

Former Senate President Ahmed Lawan who spoke for the National Assembly, commended IFAD, the federal government and other partners for the conception of the programme, describing it as a well-thought-out initiative that will transform the lives and livelihoods of many in the target states and beyond.

He pledged the commitment and support of the National Assembly in the implementation of the various interventions contained in the programme.

Agriculture and Food Security Minister Abubakar Kyari said the deal represents a significant milestone in the efforts to transform the agricultural landscape in Nigeria under the RHA.

Kyari noted that the participation of the nine states and the presence of other critical stakeholders underscore the commitment of the sub-nationals and the federal government in fostering inclusivity in agricultural development and economic empowerment.

Governors of Borno (Prof. Babagana Zulum), Jigawa (Umar Namadi) and Katsina (Dikko Radda), applauded the leadership provided by Tinubu and Shettima in the implementation of the VCN programme.

They pledged their commitment and support in the actualisation of the objectives of the various components of the programme and urged the executors to review the implementation design and timeline for states to maximize benefits.

IFAD Country Director Mrs. Dede Ekoue said the programme is a 158.15 million dollars project designed to transform agribusiness in nine northern states of Borno, Yobe, Jigawa, Bauchi, Kano, Katsina, Kebbi, Sokoto and Zamfara, over a period of 8 years, targeting about 3.1 million households.

Also present at the meeting were some members of the National Assembly; Minister of State for Regional Development, Uba Maigari Ahmadu; Regional Director of IFAD, Mr. Bernard Mwinyel Hien; the deputy governors of Zamfara, Kebbi, Sokoto, Kano, Yobe and Bauchi States; heads of government agencies and representatives of development partners among others.

[TheNation]

 

The Federal Ministry of Health and Social Welfare has warned Nigerians to avoid consuming too much salt following a viral video in which Pastor Chris Oyakhilome encouraged increased salt intake.

Oyakhilome, president and founder of Loveworld Incorporated (Christ Embassy), claimed in the video that Africans are intentionally discouraged from using salt to promote sales of sodium-based medications.

Reacting to the cleric’s claims, the ministry’s Deputy Director of Information and Public Relations, laba Balogun on Wednesday, emphasised that while sodium as a key component of salt is essential for body functions, it must be consumed in moderation.

The ministry’s statement reads: “The Federal Ministry of Health and Social Welfare has observed a widely circulated video in which a respected religious leader discourages Nigerians from heeding medical advice on salt consumption. While we deeply respect the important role of faith and religious leaders in our society, it is crucial to correct misinformation that poses a risk to public health.

 

“Salt is not the enemy. Salt contains sodium, an essential mineral that supports vital body functions such as nerve activity, muscle movement, and fluid balance. However, the concern lies in excessive consumption, not in salt itself. In line with global best practices, the World Health Organisation and the Nigerian Government recommend a maximum of 5 grams of salt per day (about one teaspoonful). Going beyond this threshold increases the risk of preventable disease and death.

“Research shows that most Nigerians consume more than double the recommended daily sodium intake. This excessive intake is a major contributor to high blood pressure, stroke, heart failure, and kidney disease—non-communicable conditions that continue to claim thousands of lives annually.

“To address this growing health crisis, the Ministry is implementing a comprehensive national sodium reduction strategy. This includes the launch of the National Sodium Reduction Guidelines, which aim to reduce sodium content across all food categories—from processed and packaged foods to meals prepared at home or sold in restaurants and by street vendors. This initiative mandates food manufacturers, regulators, and the public in lowering sodium intake without compromising quality and nutrition.

 

“We wish to state clearly: Doctors do not lie. Nigeria’s health professionals are trained to offer evidence-based guidance rooted in decades of scientific research and patient care. The presence of regulated sodium compounds in certain medications is not equivalent to dietary salt (sodium chloride) and is safe when prescribed appropriately.”

The ministry reaffirmed that faith and science are not at odds—they can and should work together for the well-being of our people.

“We therefore urge Nigerians to seek accurate health advice from qualified medical professionals and to join hands with the Ministry in reducing the burden of preventable diseases,” the ministry urged.

The African Export-Import Bank, through its development impact investment arm, the Fund for Export-Development in Africa, has unveiled a $1bn Africa Film Fund to revolutionise the continent’s film and creative industry.

The announcement was made on Wednesday via an official statement posted on the bank’s Instagram page.

The fund, launched under the Creative Africa Nexus Programme, aims to support the production and global distribution of African films and television content, addressing key infrastructure and financing challenges that have stifled growth in the sector.

“African Export-Import Bank, through its development impact investment arm, the Fund for Export-Development in Africa, has committed to spearhead the launch of the Africa Film Fund (‘the Fund’) as part of its Creative Africa Nexus Programme. This transformative undertaking of up to $1bn is designed to revolutionise Global Africa’s film and creative industry,” the statement partly read.

 

According to the bank, the Africa Film Fund will be managed through FEDA as a private equity vehicle, offering long-term capital to enable the creation of high-quality content and empower African storytellers to compete globally.

President of Afreximbank, Benedict Oramah, stated, “Film is a cornerstone of the CANEX programme, and the establishment of the Africa Film Fund is timely as it will help accelerate the growth of Africa’s creative sector, which has witnessed rapid growth but continues to face significant challenges including funding, scaling and accessing global markets.”

 

He added, “Through investments in the film sector, alongside initiatives such as the CANEX Shorts Awards, Afreximbank is committed to celebrating and amplifying a diverse range of African voices and experiences, thereby catalysing the creative industry and unleashing its potential to drive economic growth across Africa.”

Also, the Chief Executive Officer of FEDA, Marlene Ngoyi, noted that the initiative goes beyond financing films.

“The Africa Film Fund is not merely about financing films – it is about building a thriving ecosystem that empowers Global Africa’s creative talent, fosters cultural exchange, and catalyses economic transformation.”

The Managing Partner of FC Media Group, Boris Kodjoe, said, “It has been a long-term dream of mine to be able to tell stories on a global scale. I am grateful and excited to partner with our friends at Afreximbank and FEDA in order to support quality content development and creation in Africa and beyond.”

The PUNCH reported that the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Afrexim Bank has already raised $19bn for the take-off of the Africa Energy Bank in Abuja.

[Punch]

 

All occupants of an 18-seater bus plying the Itobe/ Ochadamu road in Kogi East Senatorial district have been abducted.

Our correspondent gathered that the incident happened around 5pm on Tuesday when the fully loaded Hummer Toyota bus with registration number LAM 979 LG was hijacked at Ajegwu before Ochadamu and all occupants were taken into the bush.

An eyewitness told our correspondent that the kidnappers intercepted the vehicle just behind his car and marched the bus occupants into the bush.

When contacted, the state police public relations officer, SP William Aya, said the command was still compiling information from the DPO in charge of the area.

He promised to get back to our correspondent as soon as he gets the details of the incident.

Downstream sector operators have adjusted the prices of Premium Motor Spirit (PMS), also known as petrol, and other petroleum products due to the continued fall in crude oil prices.

The downward adjustments, Vanguard gathered, was also driven by competition as local producers battle imported products.

According to Petroleum Price NG, Nipco and Rainoil adjusted their pump prices to N841 per litre from over N842 per litre. Similarly, Rainoil Delta in Warri adjusted its petrol price to N860 per litre from N865 per litre, while Mainland in Calabar adjusted its petrol price to N874 per litre from N875 per litre.

Nipco adjusted the price of Automotive Gas Oil (AGO), also known as diesel, to N955 per litre from N980 per litre, while Dangote adjusted the price to N940 per litre from N946 per litre.

Meanwhile, the Petroleum Products Retail Owners Association of Nigeria (PETROAN) welcomed the Federal Government’s decision to ban the importation of foreign goods that are also produced locally, referencing petroleum products.

In a statement, PETROAN’s National President, Dr. Billy Gillis-Harry, commended President Tinubu for the bold step but advised the government to ensure that the policy does not lead to shortages or price increases, particularly in the petroleum sector.

[Vanguard]

Seplat Energy Plc says it will start exporting gas to enhance foreign exchange (FX) earnings and deliver greater value to stakeholders.

Dotun Isiaka, managing director of Seplat Producing Nigeria Unlimited (SEPNU), spoke during a panel session organised by the Petroleum Technology Association of Nigeria (PETAN) at the ongoing offshore technology conference (OTC) 2025 in Houston, Texas, the United States (US).

In his remarks, Isiaka said the new plan follows Seplat’s recent acquisition of Mobil Producing Nigeria Unlimited (MPNU), which holds substantial gas reserves suitable for both export and domestic markets.

 

“We are focused on both domestic supply and export,” Isiaka said.

 

He emphasised Seplat’s dedication to ensuring energy access for Nigerians, saying “we believe gas should be the primary driver of the nation’s economy”.

The managing director, who stressed the importance of indigenous leadership within the industry, said Seplat is at the forefront, playing a leadership role.

“But this requires collaboration across the entire value chain,” he said.

 

Providing updates on Seplat’s gas reserves and production, Isiaka said the company currently has a combined processing capacity of around “550 million standard cubic feet per day (MMscfd) between the Oben and Sapele gas plants”.

However, he said the oil firm is “pushing about 200 million cubic feet short of that capacity, so we need to bring in more gas from nearby suppliers”.

Regarding the ANOH Gas Plant, the SEPNU boss said its processing capacity of 300 mmscfd is nearly complete.

“While our initial plan was to channel ANOH’s output to the domestic market, in the near term we may need to explore alternative off-take options, including export,” he said.

 

Speaking on the MPNU assets, Isiaka said they contain over 14 trillion cubic feet (tcf) of gas, with infrastructure to support processing and distribution.

“These reserves are near existing infrastructure, including three compression hubs with a combined capacity of 1.7 billion cubic feet per day,” he said.

“The key requirement is upstream investment to extract and transport the gas to these facilities, followed by pipeline delivery to shore.”

The managing director reiterated that Seplat has sufficient gas to meet both domestic and export demands, adding that the company possesses enough resources to serve both markets effectively.

[TheCable]

Abia State Governor, Alex Otti, has described his purported suspension from the Labour Party by the embattled national chairman of the party, Julius Abure, as a desperate act of a clown looking for a crown.

Otti, in a statement by his Special Adviser on Media and Publicity, Mr Ferdinand Ekeoma, on Wednesday, stated that the Supreme Court had in a judgment stated that Abure is no longer the national chairman of the party.

He called on the Inspector General of Police to arrest Abure for impersonation, while the Independent National Electoral Commission should ensure full implementation of the Supreme Court judgment as a way of preserving the integrity of the Supreme Court and protecting democracy.

The statement read, “The attention of Governor Alex Otti has been drawn to the news of his purported suspension alongside other eminent leaders of the Labour Party from the party by the former national chairman of the party, Julius Abure.

“The statement by Abure and his gang of commedians is not only a joke taken too far, but an affront on democracy by a group of inconsequential irritants who are desperate to use Gov.Otti’s name to advance their self-serving economic agenda.


“For the records, the highest court in the land, the Supreme Court of Nigeria has rightly and unambiguously stated that Julius Abure is no longer the national chairman of Labour Party.

“The judgment which is in agreement with the constitution of the Labour Party, and formed the basis for the setting up of the Senator Nenadi Usman-led National Caretaker Committee, stripped Abure of every authority to parade himself as the National Chairman of the Labour Party.


“Just few hours after being summoned by a committee set up by the Senator Nenadi Usman-led National Caretaker Committee to come and respond to allegations of gross misconduct bordering on financial misappropriation, impersonation and anti-party activities levelled against him, Abure decided to be smart by half by rushing to the press to announce the purported suspension of Gov. Otti and other eminent members of the party.

“We enjoin Nigerians to disregard Abure’s laughable statement and continue to see him and his co-conspirators as a group of clowns in desperate search of a crown they do not deserve.”

Peter Obi of the Labour Party has taken a jab at prominent Nigerians and others who ganged up in protest against former President Goodluck Jonathan when he pushed for fuel subsidy removal in 2012, but are now silent as President Bola Tinubu implements the same policy. 

At the memorial of the late Edwin Clark on Wednesday, Mr Obi described the statesman as one who sacrificed for Nigeria but berated other prominent Nigerians like Nobel Laureate Wole Soyinka, Tunde Bakare, Femi Falana, and others who led the protests that shut down the country over Mr Jonathan’s fuel subsidy removal move more than a decade ago.

“I listened to my brother Mike when you talked about, ‘may the Labour of our heroes’ past not be in vain’. I’m happy that Jonathan is here. But I can tell you their sacrifice is in vain. They have sacrificed for nothing. We were in this country, when people were protesting, when there was no need to protest under Goodluck Jonathan. Where are those protesters? Have they died? Where are they?” Mr Obi said.

Making reference to the historic #OccupyNigeria protest in 2012, Mr Obi said: “Jonathan increased fuel from N87 to N120 and people were protesting in this country. And when it was N900 they weren’t protesting. People protested when $1 was N180, and when it was N1,500 they weren’t protesting. Are they dead?”

The #OccupyNigeria protest broke out in January 2012 in response to Mr Jonathan’s move to scrap fuel subsidy, forcing a reversal of the policy.

Over a decade later, Mr Tinubu—who was a staunch opponent of subsidy removal—announced fuel subsidy removal on May 29, 2023, the day he assumed office as Nigeria’s 16th president. The announcement saw fuel prices skyrocket from N145 to over N1,000, and later drop slightly to N950.

Days later, Mr Tinubu also announced exchange rate unification—a policy that saw the Nigerian naira collapse from N750 to the dollar to over N1,500 to the dollar.

The dual policies of the Tinubu-led government have triggered unprecedented economic hardships, forcing Nigerians to hit the streets in protest.

Though some of the prominent Nigerians who participated in the #OccupyNigeria protests have remained silent, thousands of Nigerians shut down the country in a 10-day protest from August 1–10.