The Samoa agreement focuses on economic development, security, environment, migration, mobility, and climate change other areas include investment opportunities, sustainable development, and mutually beneficial cooperation, among others.

The Samoa agreement has been signed by 79 countries across the world to address various aspects of the economy.

The objective of the Samoa agreement is to serve as the legal framework for EU relations with these 79 countries. These include 48 African, 16 Caribbean, and 15 Pacific countries.

 
 

The agreement covers 2 billion people and aims to strengthen the capacity of the EU and the ACP (African, Caribbean, and Pacific countries) to address global challenges together.

 

Here are the full list of countries to benefit from the Samoa Agreement:

African Countries:

1. Algeria

 

2. Angola

3. Benin

4. Botswana

5. Burkina Faso

6. Burundi

7. Cameroon

8. Cape Verde

9. Central African Republic

10. Chad

11. Comoros

12. Congo

13. Côte d’Ivoire

14.Democratic Republic of the Congo

15. Djibouti

16. Egypt

17. Equatorial Guinea

18. Eritrea

19. Eswatini

20. Ethiopia

20. Ethiopia

21. Gabon

22. Gambia

23. Ghana

24. Guinea

25. Guinea-Bissau

26. Kenya

27. Lesotho

28. Liberia

29. Libya

30. Madagascar

31. Malawi

32. Mali

33. Mauritania

34. Mauritius

35. Morocco

36. Mozambique

37. Namibia

38. Niger

39. Nigeria

40. Republic of the Congo
41. Rwanda
42.São Tomé and Principe

43. Senegal

44. Seychelles

45. Sierra Leone

46. Somalia

47. South Africa

48. South Sudan

49. Sudan

50. Tanzania

51.Togo

52. Tunisia

53. Uganda

54. Zambia

55. Zimbabwe

Caribbean Countries:

1. Antigua and Barbuda

2. The Bahamas

3. Barbados

4. Belize

5. Dominica

6. Dominican Republic

7. Grenada

8. Guyana

9. Haiti

10. Jamaica

11. Saint Kitts and Nevis

12. Saint Lucia

13. Saint Vincent and the Grenadines

14. Suriname

15. Trinidad and Tobago

Pacific Countries:

1. Cook Islands

2. Fiji

3. Kiribati

4. Marshall Islands

5. Micronesia

6. Nauru

7. Niue

8. Palau

9. Papua New Guinea

10. Samoa

11. Solomon Islands

12. Tonga

13. Tuvalu

14. Vanuatu

Zeb Ejiro, the ace Nollywood filmmaker, will be honoured with the ‘Lifetime Achievement’ award at the 2024 Nigerian Week in the United Kingdom.

 

Held annually in London, the Nigerian Week is a week-long international festival encompassing entertainment and business events.

According to NAN, an invitation extended to the producer of the 1996 hit film ‘Domitila’ showed the award is in recognition of Ejiro’s contributions to the entertainment industry.

The event will be held from July 22 to 28 and organised by SRTV London in partnership with the federal ministry of information and national orientation, federal ministry of trade and investment, Nigerian Films Corporation, and the Association of Movie Producers of Nigeria (AMP).

 

The festival will showcase the best of Nigerian products, services, businesses, and diverse and rich cultural heritage.

It will also feature a mixture of entertainment, music, dances, fashion, food, exhibitions, trade fairs, investment opportunity workshops, and summits, allowing visitors to join in and have a first-hand experience in culture and experiences.

Some of the activities for the ceremony include an Afrobeats music extravaganza, a moonlight film festival with an exhibition of the best of African movies, and a Nigeria fashion show and contest.

 

There will also be a Nigeria cultural display featuring a national Troupe and trade exhibition of Nigerian cash crops and agricultural produce, and many more.

Ejiro, a Delta-born producer, is one of the two brothers of Chico Ejiro, also an ace filmmaker and producer who died in 2020.

In 2005, former President Olusegun Obasanjo honoured Zeb with the Officer of the Order of the Niger (OON) award.

The filmmaker has several movies to his name including ‘Nneka the ‘Pretty Serpent’ (1994), ‘Domitila’ (1996) and the 2017 sequel, ‘Sakobi’ the Snake Girl’ (1998), and ‘Mortal Sin’ (2003).

 

Others are ‘Extreme Measure’ (2003), ‘A Night in the Philippines’ (2005), ‘Yellow Cassava’ (2016), and ‘Pure Honey’ (2017).

Zeb is the producer of the acclaimed longest-running drama series on NTA in the 1990s, ‘Ripples’.

[TheCable]

Bishop David Oyedepo, founder of the Living Faith Church Worldwide, shared spiritual insights with his congregants on Sunday, emphasising how believers can ensure sufficient supplies and receive answers to their needs through faith.

During his sermon, titled “The Bible: A Most Reliable Guide to Life,” Oyedepo highlighted the importance of relying on God’s words to solve life’s problems.

He emphasised that he has never misappropriated church funds, nor has his family ever prayed for food supplies, citing biblical references as guidance.

 

“Every sincere question has an answer with Jesus,” Oyedepo stated. “Who pays me? Suddenly the word came—after these things, He appointed seventy others also, and the laborer is worthy of his wages. So He said to me, ‘You are in my employment; I am responsible. Just stay on duty, the light of life.’ Since then, I have not looked for who pays me until tomorrow and until I go to heaven.”

He referred to Luke 10:7, displayed on the church’s monitoring screen: “Stay there, eating and drinking whatever they give you, for the worker deserves his wages. Do not move around from house to house.”

“I have never prayed for what to eat in my family. The light of life, the five loaves, and two fishes were more than enough. I have never cornered church money of one naira to my side, the light of life.”

Oyedepo also addressed church growth, sharing insights from a book titled “Reach Out for the Light.” He mentioned four key points that can help grow a church even in challenging environments, encouraging the congregation to seek the light of life.

Quoting John 6:63, he concluded, “It is the spirit that quickeneth; the flesh profits nothing. The words that I speak unto you, they are spirit, and they are life.”

Media

Beloved Nigerian actor and filmmaker, Femi Adebayo, has revealed how his father and senior colleague, the iconic Adebayo Salami, aka Oga Bello, threatened to disown him.

In a recent heart-to-heart with Comedian Gbenga Adeyinka on his talk show, “Gisting With The GCON,” Femi Adebayo opened up with a nostalgic look back at his childhood dreams of becoming a lawyer, a vision he said was wholeheartedly supported by his father.

He reminisced about how his initial foray into acting was merely a hobby, something to dabble in for fun, until the siren call of Nollywood became irresistible, pulling him into the limelight he once only flirted with.

 

Femi Adebayo stated tha his deep dive into the entertainment world was spurred by the dazzling fame and adoration he and his father, Oga Bello, were showered with.

The Jagun Jagun filmmaker couldn’t help but wax lyrical about his father, describing him as an extraordinary figure whose virtues are so remarkable that he wishes to be his son through a thousand reincarnations.

Femi’s admiration for his father extends beyond the professional realm, delved into his personal life, where he praised Oga Bello for managing a peaceful polygamous household, a rarity in such family setups.

However, Femi didn’t shy away from revealing the stern side of his father. He recounted a dramatic moment when Oga Bello issued an unequivocal ultimatum: any son of his who dared to marry more than one wife would face immediate disownment.

 

WATCH HIM SPEAK BELOW 

Media

An average of 2,500 childbirth deliveries are recorded at the Lagos State University Teaching Hospital (LASUTH) monthly.

These childbirth deliveries are had at the obstetric unit — Ayinke House — of the hospital.

 

The Chief Medical Director of the hospital, Adetokunbo Fabamwo, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos.

Ayinke House is a maternal healthcare facility located within the premises of LASUTH and touted as Nigeria’s biggest maternity hospital after it was revamped and upgraded from an 80-bed facility to a 170-bed furnished with state-of-the-art medical equipment.

 

Fabamwo disclose that child deliveries at Ayinke House used to be higher, adding that the number has reduced compared to previous 3,000 per month child deliveries. 

He added that the situation of the country and economic downturn has forced many people to recalibrate their mentality about childbirth.

“It’s now low compared to what used to happen in the past, but I believe that the economy has actually cautioned people to limit the sizes of their families, so not too many people are eager to come out with babies anymore.

“There was a time many years back that we used to do 3,000 per month deliveries,” he said.

He emphasised that pregnant women are given health education during antenatal care and also counseled on family planning and child spacing after delivery at the hospital’s family planning clinic.

On how Ayinke House had assisted the state to reduce its maternal morbidity and mortality rate, Fabamwo said the facility as a multispecialty medical centre provides comprehensive maternal services and professional training for medical students and resident doctors in the state.

 

According to Fabamwo, the hospital performs normal routine low risk and high-risk deliveries associated with pregnancies at its intensive care facility.

“We participate in the normal routine deliveries of cases that are low risk essentially to cater for the training of student midwives who come here from some of the universities that we have partnerships with.

“But over and beyond that, more importantly, is our high-risk cases, which is essentially what we deal with as a number of general hospitals and private hospitals refer high-risk cases to us to manage.

“Because in this hospital, we can offer multidisciplinary care. If a patient needs a cardiologist or other specialists, we can easily call them in because we are all in the same premises.

“So cases that need multidisciplinary care, advanced care all benefit from timely interventions and that has helped the state in reducing maternal morbidity and mortality,” he said

 
 
 

Nollywood actor, Chinedu Ikedieze, popularly known as Aki, and his wife, Nneoma Nwaijah, have announced the arrival of their baby boy.

The movie star shared the news on his Instagram account on Saturday.

 

Also, sharing a beautiful photo of himself and his wife, Aki wrote, “My wonderful people, please rejoice with us. My wife and I have welcomed a bouncing baby boy. To God Be The Glory”

It would be recalled that the couple, who tied the knot in 2011, welcomed their first child in January 2017.

A Federal lawmaker representing Maru/Bungudu Federal Constituency in Zamfara state, Abdul Malik Zubairu, has married off 105 girls.

The girls are orphans whose parents were killed by bandits.

 

The occasion, which took place on Saturday in Bungudu town, the headquarters of Bungudu Local Government Area of Zamfara State, was graced by prominent personalities both within and outside the state.

Both the brides and the bridegroom were gorgeously dressed during the event which attracted the attention of thousands of people who attended the occasion.

The lawmaker gave the couples beds and bedding materials in addition to ₦10.5 million paid as dowry for 105 brides.

Zubairu also provided the sum of ₦100,000 for each of the 105 bridegrooms and ₦50,000 to each of the 105 grooms to enable them to start a business of their choice.

The Economic and Financial Crimes Commission (EFCC), has responded after popular businessman, Ismaila Mustapha, commonly known as Mompha, called them out as a “useless” and corrupt organization.

Recall that this response comes in the wake of the EFCC’s claims that a colossal sum of N35 billion was discovered in his bank accounts.

 

Mompha, facing a money laundering case brought by the EFCC, in a post via Instagram wrote, “The most useless and corrupt Nigeria government agency @officialefcc.”

However, the EFCC, in a statement by the Head of Media & Publicity, Dele Oyewale, challenged Mompha to show proof that they are corrupt.

The statement read, “The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to the malicious and unsubstantiated statement made by the embattled Ismaila Mustapha, (a.k.a Mompha) alleging coruption by operatives of the Commission.

“The claim, coming from an accused in a criminal trial for conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal activities, failure to disclose assets and property, ought to be ignored as the rantings of a sinking defendant. But his claims strike at the heart of the Commission’s most prized value – integrity and must be challenged.

“The Commission is alarmed that the accused will abandon the platform offered by the court to launch a media war against it through spurious claims. If he believes that raising phantom accusations against the Commission will sacre it from diligently prosecuting his case, he is mistaken as no amount of scaremongering will deter the Commission from pursuing the case to logical conclusion

“While Mompha may just be a drowning man clutching at any straw owing to the overwhelming evidence of his involvement in the money laundering case, his unsubstantiated claims against the EFCC is an issue the Commission is taking seriously.

“To this end, the Executive Chairman of the EFCC, Mr. Ola Olukoyede has directed that Mompha be invited to bring clasping evidence of any issue of corruption against any staff of the Commission. Besides, the socialite should also justify his labeling of the EFCC as a “useless agency” with evidential proofs.

“As a responsible law enforcement agency, the EFCC would not sit back and allow libelous effusions against its reputation go unchallenged. Mompha, to all intents and purposes, cannot be expected to paint the EFCC in bright colours owing to the professional ways officers of the Commission are handling his matter. The EFCC would not be distracted in plying its job by antics of traducers like Mompha.

“The general public is, therefore, advised to ignore his ranting. Mompha should rather face his prosecution before a court of competent jurisdiction.”

As Nigeria battles an economic crisis sparked by the government’s twin policies of petrol subsidy removal and unification of FX windows, United Kingdom-based Diageo joined about 15 other multinational companies that have exited the country in the past three years.

Diageo is the latest to announce its departure on Tuesday, June 11 when it said it will sell its 58.02% stake in Guinness Nigeria to Tolaram.

 

Diageo joins others like Kimberly-Clark, manufacturers of Huggies and Kotex brands of diapers; US-based Procter and Gamble (P&G); GlaxoSmithKline (GSK); Unilever and Sanofi-Aventi Nigeria, who are either exiting completely or reducing their exposure in a country facing its worst cost-of-living crisis in decades.

Unilever Nigeria announced its exit from the home care and skin cleansing markets in Nigeria in November 2023, saying it did so “to find a more sustainable and profitable business model.”
Procter & Gamble was the last to announce its exit from the country the same year.
Similar reasons given by these and other companies include high energy costs, currency depreciation, insecurity etc.

The Federal Government itself acknowledged these challenges in an interview granted by Minister of Finance, Wale Edun on Channels Television’s Sunday Politics programme, where he said “lack of a liquid foreign exchange market was the major reason why some multinational companies exited Nigeria,” explaining that the inability of the exiting multinationals to access foreign exchange was a major impediment to their operations in the country.

Weighing-in, the Director-General of Nigeria Employers’ Consultative Association, NECA, Adewale Oyerinde, disclosed that at least 15 multinationals have either divested or partially closed operations in the country in the last three years.

Oyerinde, in his assessment, stated: “Over 15 organisations, with a combined value-chain staff strength of over 20,000 employees, have either divested or partially closed operations,” lamenting that this has “dire consequences not only for organised businesses but also for labour, government revenue and the households; massive job losses across sectors, which would continue to create insecurity challenges”.

Oyerinde added, “When NECA examined the exit of prominent companies like GSK, Sanofi, Procter & Gamble, Nampak, and others, who had been doing business in Nigeria for decades and were huge employers of labour, it was worried about the ripple effect on the broader business ecosystem.

“Within the value chain, numerous enterprises serve as suppliers to these major corporations, and their sustainability is significantly compromised when the primary businesses they cater to face extinction.

“The survival prospects of these secondary businesses are at stake, and their employees are also at risk, as the departure of the main clients could lead to their demise. The crisis within the value chain deserves more attention than it currently receives”.

Other sectoral group leaders and analysts maintain that the continuous exit of multinational firms would dampen Nigeria’s $1trn GDP target of President Bola Tinubu’s administration.

The President had, at the 29th Nigeria Economic Summit in Abuja, told business leaders and Nigerians that Nigeria’s economy can grow to $1 trillion by 2026.

Analysts believe the persistent exit of multinational companies from the country is set to impact negatively on this target.

Data from the National Bureau of Statistics (NBS) revealed that the performance of the GDP in the first quarter of 2024 was driven mainly by the services sector, which recorded a growth of 4.32 per cent and contributed 58.04 per cent to the aggregate GDP, whereas the nominal GDP growth of the manufacturing sector in the first quarter of 2024 was recorded at 8.21 per cent (year-on-year), 9.64 per cent points lower than the figure recorded in the corresponding period of 2023.

Real GDP growth in the manufacturing sector in the first quarter of 2024, on its part, was 1.49 per cent (year-on-year), lower than the same quarter of 2023.

Reacting to this, President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye said, “MAN expects the government to frontally address insecurity, improve electricity supply, promote fiscal sustainability and ensure policy consistency.

“Among other priorities, the fiscal authority must also lend supportive measures by adequately incentivising the manufacturing sector and other productive sectors.

“This is very important to boost non-oil export earnings in addition to the increase in oil export proceeds occasioned by increased oil production, rising global oil prices and the coming on stream of the Dangote Refinery”.

Director-General of Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, also speaking on the issue, said: “Over the last few months, there has been a consistent increase in exit plans or a reduction in involvement in the Nigerian market by the multinationals, and this trend is worrisome.

“We have seen the likes of Unilever Nigeria, GlaxoSmithKline, and recently now Guinness Nigeria Plc.

“In Nigeria, lingering foreign exchange scarcity, poor power supply, port congestion, multiple taxation, insecurity, and poor infrastructure, among others, have taken a toll on many businesses in the country.”

The chamber recommended that the government should implement measures to stabilise and ensure the availability of foreign exchange for businesses, particularly those operating in dollar-denominated environments, also imploring the government to create a more flexible and transparent foreign exchange policy to address scarcity issues.

“Further, the Chamber urges the government to engage multinational corporations and the business community to understand their challenges and gather input and feedback on policy decisions to collaboratively develop solutions that will forestall the exodus of businesses from Nigeria. The CBN should prioritise the stability of the country’s currency and adopt the right policy mix to ensure price stability,” Almona said.

National President of the Association of Small Business Owners of Nigeria, ASBON, Femi Egbesola, maintained that multinationals are among the companies that contribute largely to the country’s GDP and earnings.

“We cannot be talking of growing our economy when the real investors are leaving. Assuming they are leaving and the indigenous ones are increasing, it would have been a different thing. But that is not the case. You make income as a nation when you have investments and investors,” he said.

However, since the coming of the Tinubu administration, Tinubu and Edun, among others, have been speaking on efforts being put in place towards revamping the economy, encouraging Foreign Direct Investment (FDI) and also making local industries vibrant and competitive.

Whether the assurances of Edun, who, on the Channels Television’s Sunday Politics programme, said, “recent executive orders signed by President Bola Tinubu have improved the investment climate … and also disclosed that tax reform proposals aimed at simplifying doing business for local and foreign manufacturers are being considered as part of an Economic Stabilisation Package,” would stem the flow of multinationals exiting the country, only time will tell.

[Vanguard]

Olubukola Akinwumi, a Deputy Director at the Central Bank of Nigeria, CBN, on Friday explained how Nigerians trading on Binance Holdings Limited’s platform use false names in the transactions.

 

Mr Olubukola, who is the Economic and Financial Crimes Commission, EFCC’s 2nd prosecution witness (PW-2) in the ongoing trial of Binance and its executive, Tigran Gambaryan, told Justice Emeka Nwite of a Federal High Court, Abuja, while giving his testimony.

 

The News Agency of Nigeria (NAN) reports that the EFCC had filed a five-count charge against Binance and Gambaryan (1st and 2nd defendants) bordering on money laundering offences.

The anti-graft agency had accused Binance and Gambaryan of money laundering involving $35.4 million.

Besides, the company was under suspicion of alleged terrorism financing.

Led in evidence by EFCC’s lawyer, Ekele Iheanacho, on Friday, Akinwumi, who heads the Payment Policy and Regulation Division in the Payments System Management Department of CBN, said the apex bank did not issue any licence to the cryptocurrency firm to operate in Nigeria.

“In the course of carrying out our operations, we normally monitor development within the SEC (Securities and Exchange Commission); monitoring the activities of payment service providers and the usage of the payment system.

“We observed in doing that that Binance provides a trading platform where users trade virtual assets.

“And to consummate their transactions for the purpose of settlement of payments, the users make use of the payment system for the purpose of transfering or making payment to one another.


“These traders normally trade in pseudo names (pseudonyms) that hide their identities and they are not authorised by the CBN,” he said.

The PW-2 described virtual assets as “digital representation of values created by computer system which can be digitally traded, transferred or use in payments.”

He said they discovered that users of the platform received and made payments or transferred payments to one another using the payment system to consummate transactions on Binance Peer to Peer (P2P) platform.

“Binance Platform provides a trading place or market place for traders and users of virtual assets, otherwise known as cryptocurrency.

“The platform also provides other services like electronic wallet, fiat wallet, publishing of exchange rate, etc,” he told the court.

Asked where the activities of Binance are carried out, Akinwumi said its “activities are conducted on its website; binance.com and through its mobile apps (applications).

“They have two variations of Binance Apps; Binance Pro or Binnace Lite.”


Asked what P2P means, the witness said: “P2P means Peer to Peer, and for basic translation, it can also mean person to person.

“What that means is that if a particular user does not want to trade with the platform but rather will like to trade with another user, P2P is a service that brings such two users as described to engage each other in transacting for the purpose of buying or selling virtual asset, cryptocurrency and fiat directly between the two users.

“This is done by quoting rates with offers to sell or buy at the quoted rate.

“The P2P Platform of Binance provides such service to such two users to come to an agreement on such trade.

“Once such understanding for the trade is reached by the two users on Binance platform, the selling party will provide a bank account to which the buying party can send the naira amount or transfer into the account provided by the selling party.

“Once the buying party transferred the amount agreed, he clicks on a particular icon on Binance platform to communicate the fiat that he has transferred the amount to the selling party.


“The Binance platform will, on the side of the selling party, awaits confirmation based on which it will release the cryptocurrency or fiat currency traded on the platform.

“So the Binance platform facilitates all the processes or P2P transaction as I have just enumerated, either using Nigerian bank account already stored by users on Binance platform and or the naira wallet account , provided by Binance platform.”

Submission of certified true copies of documents made available to SEC by Binance which was equally made available to the investigating team at the office of the National Security Adviser, and pages generated on the firm’s website were tendered in evidence and marked as Exhibits 8 and 9 by the judge.

Taking the witness through Exhibit 8 and 9, Iheanacho asked him to tell the court more about the nature of the transactions.

Akinwumi said Page 2 of Exhibit 8 introduced Binance as the world’s leading crypto exchange with users from over 190 countries.

“They have on the page, the address of the website in full which is www.binance.com.

“Binance has what is called Binance Academy. That is on page 16 of Exhibit 8.

“Some of the videos will be on their YouTube platform which they use in educating those who are interested in the services that they provide,” he said.

The PW-2 said the firm equally has Binance coins and that on its website, it gives the description of the coin as “NGN” (Naira).

“On page 21 of Exhibit 8, it listed the ways to use Binance coin,” he added.

Akinwumi said on Page 9 of Exhibit 9, there is an information which reads: “Depositing and withdrawing NGN (Naira) on Binance via cash link; it is swift and simple.”

The witness, however, explained that depositing and withdrawing Naira which “NGN” stands for, is a regulated activity carried out by banks and other financial institutions duly registered by CBN.

He said another information on Exhibit 9 reads: “To help Binance users in Nigeria understand this Fiat Gateway, Binance has been holding various events such as the Binance Cash Link, Live Master Class to educate users on cash link and why it is an excellent method of deposit and withdrawal on the Binance platform.”

“Generally, Exhibit 9 explains to Nigerians on how to deposit Naira on the Nigerians wallet on the Binance platform.”

He said there is a statement on a page which says though “Binance does not charge deposit fees,” he said next to the statement, there is another message which says: “for each withdrawal, a flat fee is paid by users to cover the transaction cost of moving the cryptocurrency out of their Binance account.

“So as I explained earlier, Binance maintains accounts and it needs revenue for its services

“On Page 2 of Exhibit 9, under the Fiat Section, it shows the rates that are applied for regular users.”


After concluding given his evidence, Justice Nwite adjourned the matter until July 16 for cross-examination of PW-2.