The Nigerian Army has disclosed that popular investigative journalist, Fisayo Soyombo is being investigated over oil theft.
This is coming amid reports that Soyombo, is being held by the Army in Port Harcourt.
However, in a statement issued on Friday, 29 November, 2024, the Acting Deputy Director of Army Public Relations, 6 Division, Lieutenant Colonel Danjuma Jonah Danjuma, said Soyombo was one of those arrested among those involved in oil theft.
He, however, did not disclose whether this was the same as the investigative journalist or name semblance.
Danjuma highlighted the division’s recent successes in tackling illegal oil bunkering in the Niger Delta, explaining that intelligence report had uncovered a gang involved in pipeline vandalism and oil theft.
He stated that troops conducted a targeted operation at an illegal bunkering site, leading to multiple arrests, including that of Fisayo Soyombo, an investigative journalist, who was apprehended at the scene.
“While the Division will not want to join issues with purveyors of falsehood and misinformation, It is important to put the records in proper perspective.
“You would recall that the Division has scaled up its anti-illegal oil bunkering operations with huge operational successes recorded.
“Only recently, intelligence revealed the existence of a notorious gang of oil thieves noted for bursting pipelines and illegal connections for oil theft in the region.
“In a deliberate operation conducted, troops trailed the criminals to an illegal oil bunkering site.
“In a subsequent operation carried out, troops swooped on the site, where arrests were made, including one Fisayo Soyombo who was also arrested at the scene,” he said.
The military noted that the, “suspects are currently undergoing preliminary investigation to ascertain their level of involvement or otherwise.”
It clarified that the recent arrest of Soyombo is linked to the activities of oil thieves operating in the Niger Delta region.
It urged media outlets to verify their information before publishing to ensure accuracy, as it reaffirmed its dedication to curbing oil theft and criminal activities, emphasizing that these efforts aim to boost the nation’s oil and gas production.
“Therefore, his arrest is not unconnected with the activities of these oil thieves in the region.
“It is, therefore, important for media outlets to ensure the veracity of their information before they place them in the public domain.
“The Division will like to reassure the general public of its commitment and responsiveness in ensuring the activities of criminal gangs, particularly oil thieves, are drastically curbed in the region.
“This, it is hoped, will shore up oil and gas production in the country,” he added.
Port Harcourt Refinery To Sell PMS At N1,030 — PETROAN
The Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN, has announced that the Port Harcourt refinery will sell petrol at N1,030 per litre, affirming that the refinery is operational as stated by the Nigerian National Petroleum Company Limited.
In a statement released on the night Thursday, 28 November, 2024, PETROAN spokesman, Joseph Obele noted that the NNPCL informed the association that the price for a litre of premium motor spirit at the refurbished refinery is N1,030.
“NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery as N1,030 per litre.
“It was also communicated to PETROAN that the product request portal was open for booking/request,” Obele stated,
He added that PETROAN’s strategic pricing team is currently analyzing the most favorable pricing for its members, saying, “we are open to patronizing all the refineries in Nigeria.”
The association also urged NNPCL to consider further price reductions to ensure a joyful Yuletide celebration for Nigerians.
This announcement follows weeks of speculation regarding the petrol price from the refinery.
Recall that the Port Harcourt Refinery commenced operations and truckout of petroleum products on Tuesday, 26 November, 2024
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Investors In NGX Gain N306bn
The Nigerian Exchange, NGX, recorded a rebound on Thursday as investors raked in a N306 billion gain after several days of losses.
This comes as market capitalisation, which opened at N58.969 trillion, rose by 0.50 per cent to close at N59.275 trillion.
Similarly, the All-Share Index gained 487.24 points, or 0.50 per cent, to settle at 97,783.81 compared to Wednesday’s 97,296.57.
This rally pushed the Year-To-Date (YTD) return up to 30.77 per cent.
The market’s recovery was driven by investor interest in Zenith Bank, United Bank for Africa (UBA), Access Corporation, Aradel, Oando Plc, and Dangote Sugar, among other stocks.
However, the market breadth remained negative with 30 losers against 28 gainers.
Prestige led by 10 per cent to close at 81k per share on the loser’s table, while Vitafoam led the gainers’ table by 9.81 per cent to close at N23.50 per share.
Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 5.11 per cent.
632.74 million shares valued at N10.81 billion were exchanged in 8,404 deals, compared with 822.46 million shares valued at N10.29 billion traded in 9,385 deals, posted previously.
Meanwhile, FBN Holdings led the volume and value charts with 166.76 million shares worth N4.18 billion.
Recall that investors lost N208 billion on Wednesday,27 November, 2024.
WTO Re-appoints Ngozi Okonjo-Iweala As DG
The General Council of the World Trade Organisation has reappointed Ngozi Okonjo-Iweala for a second term as its Director-General.
Her new four-year tenure is set to begin on September 1, 2025.
In a statement issued on Friday, 29 November, 2024 by the organisation, Okonjo-Iweala expressed gratitude to the WTO’s 166 member nations for their continued trust and support.
“I am deeply honoured by the trust and support of the WTO General Council and its 166 Members. It is a privilege to continue serving as Director-General for a second four-year term,” she said.
Reflecting on her first term, the former Nigerian finance minister underscored the WTO’s crucial role in addressing global challenges such as the COVID-19 pandemic, conflicts, and geopolitical tensions.
“In recent years, the WTO has played a vital role in helping Members navigate pressing global challenges, including the pandemic, conflict, and heightened geopolitical tensions. I commend Members for their hard work and determination in achieving progress despite unprecedented levels of uncertainty and rapid economic shifts,” she said.
Okonjo-Iweala pledged to continue championing trade as a driver of economic growth and resilience while reinforcing the multilateral trading system.
“As we look ahead, I remain firmly committed to delivering results that matter — results that ultimately improve the lives of people around the world. By promoting trade as a driver of economic growth and resilience, the WTO will continue to provide a collaborative platform for Members to address shared global challenges.
“I am deeply committed to working alongside the talented and dedicated staff of the WTO to build a more inclusive, equitable, and rules-based multilateral trading system that benefits all,” the statement stated.
Okonjo-Iweala made history in 2021 as the first woman and African to lead the WTO.
Tinubu Says Nigeria’s Reform Agenda Will Benefit Africa
President Bola Tinubu on the night of Thursday, 28 November, 2024 stated that his economic reforms would not only benefit Nigeria but also have a positive impact on the entire African continent.
He praised the amicable relations between Nigeria and France, expressing gratitude for French President Emmanuel Macron’s interest in the continent.
Tinubu made the remarks at a state dinner hosted in his honour by the French government at the Palais des Elysée in Paris.
The Nigerian leader expressed confidence that Macron’s goodwill would strengthen bilateral ties, with positive impacts on the entire continent.
He encouraged both Nigerian and French citizens to uphold the cordial relationship shared by their nations.
Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, shared this in a statement on Thursday titled ‘President Tinubu Says Nigeria’s Reform Will Impact Africa, Praises Macron for His Interest in Africa.’
Tinubu explained that Nigeria’s reforms would improve Africa’s economic prospects, saying, “Regarding Nigeria’s economy, as you have said, we have embarked on a strong reform programme, and there is no turning back.
“It is in the interest of the entire continent that we do not continue down the path of the past. We must embrace the future with commitment and optimism, guided by the courage of our founding fathers.”
“President Macron, all your efforts regarding Africa, I promise you shall not be in vain,” he added.
Tinubu expressed his appreciation for Macron’s hospitality during his state visit, saying, “It is a great honour for me to be here. It has been a wonderful day, thanks to the excellent reception you have arranged.”
“Appreciating your knowledge of Nigeria is not enough. Your warmth, commitment, and foresight regarding Africa are truly remarkable,” he said.
Tinubu continued, “You have stirred my excitement and captured my attention as a leader. Thank you.”
Tinubu continued, “You have stirred my excitement and captured my attention as a leader. Thank you.”
Tinubu thanked Macron and his wife, Brigitte, for the state visit and the warm reception over the three-day visit.
“In addition to the economic opportunities and what France represents for Europe, America, and Africa, there is a promising future where you won’t forget who we are,” Tinubu said.
“You have opened doors for investment for our friends here, and I see figures like Aliko Dangote, Aig Imoukhuede, and Tony Elumelu present today. You recall your friendship with Mike Adenuga. Thank you.”
Tinubu noted that the future holds great promise for even better relations with France, saying, “It is a good time for all of us. I couldn’t be prouder to be President of Nigeria at this challenging time. I am surrounded by people who are truly inspired and determined to change the course of Africa by overcoming the failures of the past, creating a future that our children and grandchildren can embrace and be proud of.”
In his remarks, President Macron acknowledged Nigeria’s leadership in Africa, referring to the country as a ‘big brother’ to the continent.
He praised Nigerians for their resilience and intellect, citing Nobel Laureate Prof. Wole Soyinka and musician Femi Kuti as global examples of Nigerian excellence.
“Nigeria is a formidable country with talented young people. Many Nigerians are exceptional in their chosen careers. You conquered military rule and secured your liberty,” Macron said.
“President Tinubu transformed Lagos’s economy, and now he is on a mission to transform the entire country.”
Macron also noted that French investors have long been active in Nigeria, particularly in oil, gas, construction, and food security, and highlighted emerging opportunities in solid minerals, technology, and the film industry.
“Nigeria and France will continue to lead together, forging a path forward,” Macron concluded.
Ogun CJ Sets Free 14 Prisoners
The Chief Judge of Ogun State, Justice Mosunmola Dipeolu, on Friday, 29 November, 2024 pardoned 14 inmates during a jail delivery exercise held at the Judiciary Complex, Kobape, Abeokuta, the state capital.
The move, aimed at decongesting correctional facilities across the state, saw inmates released on health and compassionate grounds.
However, the CJ declined to pardon two high-profile suspects: a 51-year-old man, Jimoh Muhammed, accused of raping a 14-year-old girl in 2018, and Suru Philip, 40, allegedly involved in the 2019 kidnapping of a traditional ruler in Efire Town, Ogun Waterside Local Government Area.
Justice Dipeolu described the jail delivery exercise as a vital tool for reviewing cases, expediting justice, and reintegrating inmates into society.
She highlighted systemic challenges such as overcrowded facilities and delays in court proceedings, noting that innovative solutions like periodic jail delivery, non-custodial sentences for minor offences, and compensation for crime victims are critical.
She said, “These challenges within our justice system demand urgent attention and creative solutions. “The main essence of this program is to ensure that our system promotes reintegration rather than mere punishment for inmates who have spent prolonged periods in custody without trial.”
The Chief Judge also revealed that during a similar exercise in April 2024, 48 inmates were released from Ilaro, Oba, and Ibara Correctional Centres after thorough case reviews.
Justice Dipeolu urged the pardoned inmates to turn a new leaf and embrace a crime-free life, emphasizing the significance of the opportunity granted to them.
“To those released today, this is a chance for reflection, growth, and new beginnings. Use this second chance to rebuild your lives. It is never too late to seek redemption and make amends,” she said.
The Comptroller of Correctional Centres in Ogun State, Ayodeji Adepoju, commended the Chief Judge for her efforts and appealed to the public to support the reintegration of released inmates.
He also admonished the freed individuals to become responsible citizens and contribute positively to society.
Mob Sets Ablaze Two Suspected Phone Thieves In Plateau
Two suspected phone thieves were set ablaze by an irate mob on Friday, 29 November, 2024 in Plateau State.
The incident occurred in the Kabong community of Jos North Local Government Area in the early hours of the day.
Eyewitnesses reported that the suspects were attacking passersby and road users with weapons, robbing them of phones and other valuables.
Angered by the incident, onlookers reportedly mustered the courage to pursue them.
While some of the suspects managed to escape, two were caught and set ablaze by the mob.
A resident of the Kabong community, Mathew Ignatius, confirmed the incident to an online platform, saying: “It happened this Friday morning. Some persons suspected to be cultists were attacking people and collecting their phones and money.
“This wasn’t the first time they had been terrorising the community, especially in the early mornings, at noon, and late evenings, seizing valuables like phones, laptops, and money.
This morning, when they struck again, a mob gathered and gave them a hot chase. They caught two suspects and burnt them immediately, while others escaped.”
Reacting to the incident, the Plateau State Police Command confirmed the development in a statement issued on Friday by its spokesperson, DSP Alabo Alfred.
The statement read: “The Plateau State Police Command received a disheartening report in the early hours of today, November 29, 2024, about a mob action in Jenta Adamu, Jos North Local Government Area of Plateau State.
“The report received through a distress call from a concerned citizen, indicated that at approximately 9:20 a.m., a group of yet-to-be-identified cult members invaded the community, attempting to rob law-abiding citizens of their belongings.
“In response, the Plateau State Commissioner of Police immediately ordered the Divisional Police Officer of ‘A’ Division, Jos, to deploy officers and detectives to the scene and commence an investigation.”
The police added, “Upon arrival, our team discovered that an angry mob had pursued the invaders, attacked them, and set two individuals ablaze.
“The police, in collaboration with the leadership of Jos North Local Government Area, evacuated the charred bodies and deposited them at a hospital morgue. Two locally fabricated pistols, believed to belong to the suspected cultists, were recovered from the scene.
“While the police strongly condemn the activities of armed robbers and cultists, the Plateau State Commissioner of Police, CP Emmanuel Olugbemiga Adesina, equally condemns the execution of jungle justice. As a civilised society, citizens are urged to hand over suspects to the relevant security agencies to ensure justice is served in accordance with the Plateau State Penal Code.
“The CP warns that any individual or group found engaging in jungle justice will be dealt with in accordance with the law.
“We urge members of the public to remain calm as the command has implemented effective measures to ensure the safety and security of all residents of the state.”
Source:The Punch online
Sokoto Gov Presents N526bn Budget To Assembly
Sokoto State Governor, Dr. Ahmad Aliyu, on Friday, 29 November presented a N526.88bn budget proposal for the 2025 fiscal year to the state House of Assembly.
The governor described the proposed budget as the “Transformational and Infrastructural Budget,” emphasising its focus on long-term development.
The budget is divided into N176.3 billion for recurrent expenditure and N349.4 billion for capital projects.
The capital expenditure constitutes 66% of the total budget, highlighting the administration’s commitment to infrastructural development.
Aliyu further revealed that the education sector would receive the highest allocation, with approximately 25% of the total budget earmarked for it, followed by health, agriculture, and work.
While presenting the budget, the governor explained that 44% of the budget would cover recurrent costs, including the new minimum wage of N70,000 for state workers, pension payments, and other government overheads.
He assured the state’s civil servants of the new wage implementation beginning in January 2025, acknowledging their continued support for the administration.
“I am delighted to announce that we will implement the new minimum wage of N70,000 from January 2025,” Aliyu said,
He also emphasised that his administration has not borrowed funds from financial institutions to finance any projects.
“To date, we are not owing any contractor in the state,” he added.
Reflecting on the 2024 budget, the governor acknowledged ongoing security challenges in certain local government areas, despite significant achievements in other sectors.
He assured the Assembly and the people of Sokoto State that his administration remains committed to fostering economic growth and addressing security concerns.
The governor emphasised the importance of synergy between the state’s security forces, traditional rulers, religious leaders, and other key stakeholders to tackle the security issues hindering development.
Osun Fixes Date For Implementation Of New Minimum Wage
The Osun State Government has announced that the implementation of the newly approved minimum wage of N75,554.20 for civil servants will commence on Sunday, 1 December, 2024.
The approval follows the successful conclusion of negotiations between the state government and organised labour unions.
In addition to the wage increase, the government has also approved an across-the-board addition of N25,000 for all pensioners, with arrears of the minimum wage to be paid alongside November salaries for workers.
Speaking at the formal signing of the agreement, Osun’s Commissioner for Information and Public Enlightenment, Kolapo Alimi, on Friday,29 November, 2024 highlighted that the decision underscores Governor Ademola Adeleke’s commitment to fostering a motivated and satisfied workforce.
“This development demonstrates the Adeleke administration’s determination to maintain a happy labour force and prioritise the welfare of workers and retirees alike,” Alimi stated.
Present at the event were the state chairmen of the Trade Union Congress and Nigeria Labour Congress, Abimbola Fasasi and Christopher Arapasopo.
Commending the harmonious resolution of the negotiations, Osun’s Deputy Governor, Kola Adewusi, praised Adeleke’s compassionate leadership, which he said had exceeded expectations.
“The governor has shown empathy and responsibility in addressing labour-related issues. We urge workers to reciprocate by delivering quality service and enhancing productivity across the state,” Adewusi remarked.
A circular dated 29 November, 2024, and signed by the Head of Service, Ayanleye Aina, provided further insights into the implementation of the new wage structure.
“In the same vein, the Governor has magnanimously approved an improved pension package of ₦25,000 across the board for pensioners in the state.
“This decision reflects the government’s consideration for the plight of our senior citizens and its commitment to resolving all outstanding issues affecting pensioners,” the circular read.
The document also emphasised that the wage increase was the result of “exhaustive negotiations and deliberations” between the government and labour unions, taking into account critical factors such as revenue availability, debt obligations, sustainability, and the continued growth of Osun State.
“The effective date for the new minimum wage is December 1, 2024, with one month’s arrears to be paid. Other salary structures within the public service will be addressed in due course,” the circular further stated.
The government has called on all public servants, including local government employees, to reciprocate the governor’s gesture by enhancing service delivery and boosting revenue generation.
“All public servants are enjoined to work with renewed vigour, agility, and dedication to improve service delivery and contribute to the continued development of Osun State,” the circular concluded.
Tinubu Hails Okonjo-Iweala’s Re-appointment As WTO DG
President Bola Tinubu has hailed the reappointment of Dr. Ngozi Okonjo-Iweala as the Director-General of the World Trade Organisation for a second four-year term.
In a statement released by the State House on Friday, 29 November, 2024 Tinubu described the reappointment as a testament to Okonjo-Iweala’s exceptional leadership and the trust the international community places in her ability to foster sustainable global economic development.
“The renowned development economist and global finance expert made history in 2021 as the first African and first woman to lead the 164-nation WTO,” the statement read.
Her first term will expire on 31 August , 2025, with the second term commencing on 1 September, 2025.
Tinubu expressed confidence that Okonjo-Iweala’s leadership will continue to solidify the WTO’s role as a “critical pillar of inclusive global economic growth and good governance” in the years ahead.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in the press release issued on Friday, 29 November, 2024.
It was titled, “President Tinubu Hails Okonjo-Iweala’s WTO Reappointment, Says Global Trust Earned.”
Recall that the General Council of the WTO has reappointed Okonjo-Iweala for a second term as its DG.
As a staunch supporter of the WTO, as well as regional trade blocs like ECOWAS and the African Continental Free Trade Area (AfCFTA), Nigeria reaffirmed its commitment to the organisation’s mission of fostering a “fair, inclusive, and equitable multilateral trading system.”
The presidency’s statement further assured Okonjo-Iweala of Nigeria’s unwavering support as she continues her “bold reforms, dedication to equitable global trade practices, and tireless efforts to promote international cooperation.”
With this reappointment, Okonjo-Iweala, a former Coordinating Minister for the Economy and Minister of Finance in Nigeria, cements her position as one of the most influential figures in global trade and governance.
The announcement underscores Nigeria’s prominent role in the global economic landscape and the country’s continued backing of visionary leadership on the world stage.
Eight Die In Kogi Boat Disaster
The National Inland Waterways Authority has confirmed a boat accident involving no fewer than 200 market women from Kogi State, just as it also confirmed recovering eight bodies.
The Head of NIWA’s Media Department, Suleman Makama, who confirmed the sad incident on Friday, 29 November, 2024, stated that the women were travelling to a market in Niger State on a boat when it capsized along the Dambo-Ebuchi section of the River Niger.
The number of casualties is yet to be ascertained.
“It’s true that there was a boat mishap on Thursday involving quite a number of women heading to the market in Niger State. We are still investigating to determine the number of people involved and the cause of the accident,” Makama said.
According to eyewitnesses, the boat, owned by one Musa Dangana, was carrying over 200 passengers, including market women and farm labourers, en route to the Katcha weekly market in Niger State.
As of the time of this report, eight bodies have been recovered, while search and rescue operations are ongoing to locate the remaining passengers.
Makama further noted that he is awaiting clearance from NIWA management before issuing an official statement providing comprehensive details of the incident.
Recall that the Managing Director of NIWA, Mr. Bola Oyebanji, has previously identified human errors, drug abuse, and non-compliance with safety regulations as the leading causes of boat accidents over the past three years.
Oyebanji made this known on Wednesday, 27 November, 2024 while responding to questions from members of the House of Representatives Committee on NIWA during their oversight visit to the authority’s headquarters in Lokoja.
He reiterated NIWA’s commitment to ensuring the safety of Nigerians using water transportation.
“Ninety-nine per cent of mishaps on the waterways result from human errors”, Oyebanji stated.
He explained that operators often make avoidable mistakes, adding, “Some of these operators rely on drugs, which impair their judgment and lead to fatal errors.”
He also decried the disregard for regulations, stressing that “it’s unacceptable for wooden boats to carry over 150 to 200 passengers, far exceeding their capacity.”
Oyebanji emphasised the need for stricter adherence to the recently signed transportation code and noted that many operators fail to provide life jackets for their passengers.
Nasarawa Gov Presents N382.57bn Budget To Assembly
Nasarawa State Governor, Abdullahi Sule, on Friday,29 November, 2024 presented a N382.57 billion budget proposal for 2025 to the state House of Assembly.
The governor termed the proposal the “Budget of Economic Growth and Stability,” and expressed confidence that the Assembly would expedite its passage.
The 2025 budget is divided into N159.97 billion (41.82%) for recurrent expenditure and N222.60 billion (58.18%) for capital expenditure.
Sule outlined the allocations for key sectors, including N80.14 billion for the Administrative Sector, N139.84 billion for the Economic Sector, N10.61 billion for Law and Justice, and N151.97 billion for the Social Sector.
During the presentation, the governor commended the Speaker, Danladi Jatau, and members of the Assembly for their consistent support in passing appropriation bills.
“I appreciate this synergy and partnership in our collective commitment to provide purposeful leadership to the people of Nasarawa State,” he said.
Sule also highlighted the 2025 budget’s focus on recovery and development, with significant allocations for education, infrastructure, agriculture, health, security, and technology.
Specific allocations include N78.16 billion for Education, Science & ICT, N71.70 billion for Infrastructure, N50.75 billion for Governance, Security & General Administration, N36.20 billion for Health, and N36.07 billion for Agriculture & Water Resources.
In his address, the governor noted the progress made in key sectors such as education, health, and infrastructure, and reaffirmed his administration’s commitment to meeting the current economic realities.
“I am happy to inform you that government is ready to implement the new minimum wage to meet the current economic realities,” he said.
The governor assured the lawmakers that adequate provisions had been made in the budget to implement the minimum wage once the committee’s report was submitted.
Receiving the budget, Jatau assured him of the Assembly’s speedy passage of the appropriation bill.
“The 7th Assembly under my watch will ensure we give all the needed support to the state government to execute its policies and programmes,” he said.
Jatau also commended the governor for the state’s strides in internally generated revenue, noting that Nasarawa has become one of the few states recording impressive yearly IGR figures.
The Speaker praised the governor for his efforts in solid minerals exploration, which has positioned Nasarawa on the global map and attracted investors. He also acknowledged the state’s improved security situation, calling Nasarawa one of the most peaceful states in the country.
Nigeria, France Sign €300m Agreement On Critical Infrastructure
President Bola Ahmed Tinubu and French President Emmanuel Macron have signed two agreements that will ensure a partnership on the development of critical infrastructure and the long-term sustenance of agriculture and food security in Nigeria.
The agreement expected to be implemented in the six geopolitical zones of the country is in the area of healthcare transportation, agricultural value chain, renewable energy and involves over €300 million.
The partnership agreements were signed at an economic forum attended by businessmen, captains of industry, governors, and some top government officials of both countries at the Palais des Elysée in Paris, France, during President Tinubu’s state visit.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and Mr. Armand signed the Letter of Intent.
The document stated: “The two countries affirmed their commitment to work together on investment and development of critical infrastructure, healthcare transportation, agricultural value chain, renewable energy, and human capital development, through diverse financial and technical assistance programmes, of over Euros 300m spread across all geopolitical zones in the country.
“The two countries committed to forge a strategic relationship in project implementation and enhance mutual trade and cross border services by removing fiscal barriers while protecting labour rights.”
The Minister of Finance, Edun, and Chief Executive Officer of the French Development Agency (AFD), Mr. Remi Rioux, signed another Letter of Intent to support the Renewed Hope Agenda reforms designed to stimulate and strengthen the economy.
“The Declaration,” according to the document, “set out the enduring relationship between the AFD and the FRN, and the AFD’s continuing commitment to support the socio-economic growth of Nigeria through financing sustainable projects in urban infrastructure development, transportation network, housing infrastructure, human capital development through improved education specifically in STEM, agriculture, food security and healthcare.
“The AFD reaffirmed its commitment to long-term support of the Renewed Hope Agenda of Mr President on energy access and transition, sustainable agriculture and food security by financing the improvement of agro-logistic hubs. Importantly, the AFD committed to supporting the real sector by providing capital from MSME in high-impact sectors.
“The Federal Republic of Nigeria also affirmed its support for the projects financed by the AFD and committed to ensure that the implementation of the projects are expedited efficiently.”
Earlier, President Tinubu and President Macron witnessed the signing of the agreement by the United Bank for Africa (UBA) Group Chairman, Tony Elumelu and Mr. Antoine Armand, the French Minister of Economy, Finance and Industry for the bank to commence operations in Paris.
Zenith Bank also inaugurated its services in the country during the visit.
Court Orders Release Of 50 Suspected IPOB Members
A Federal High Court in Abuja has ordered the release of 50 suspected members of the Indigenous People of Biafra (IPOB) allegedly involved in terrorism.
Justice James Omotosho on Friday, 29 November, 2024 held that the prosecution failed to provide evidence of their belonging to an unlawful association and involvement in terrorism.
Justice Omotosho ruled that the Nigerian Police Force failed in its entirety to establish a prima facie case against the 50 defendants, including four women.
The judge, who upheld the no-case submission of the defendants, said that the prosecution failed to adduce any credible evidence linking the defendants with the allegations they were charged for.
Justice Omotosho consequently struck out the three-count charge preferred against the defendants.
Recall that the Inspector-General of Police had, in the charge marked: FHC/ABJ/CR/8/2024, sued the 50 defendants.
They were alleged to have assembled themselves inside a 911 truck with Reg No. XA-139 BDN, and engaging in a meeting in connection with an act of terrorism.
They were further alleged to have in their custody 48 Black Caps, 25 Red Caps, 6 Orange Colour Caps, as well as IPOB emblems and various charms.
The police further alleged that their gathering was for the purpose of promoting illegality, to terrorise the people of Anambra.
The Police said the offence is contrary and punishable under Section 12 of Terrorism (Prevention and Prohibition) Act, 2022.
No Going Back On Nigeria’s Economic Reforms, Tinubu Tells Macron
The President, who lauded the Nigeria’s relationship with French President Emmanuel Macron, told the French leader that there was no looking back on the reforms embarked upon by his administration.
Speaking at a State Dinner organised by the French government for him at Palais des Elysée in Paris on the night of Thursday, 28 November, the Tinubu encouraged Nigerian and French citizens to uphold the cordial relationship shared by their countries.
Speaking at a State Dinner organised by the French government for him at Palais des Elysée in Paris on Thursday night, the Tinubu encouraged Nigerian and French citizens to uphold the cordial relationship shared by their countries.
Tinubu said Africa had no choice but to build a continent that connects, resonates for its people, and cares about the people and development.
He said, “In addition to the economic prospects and what you mean to Europe, to America and the African continent, there is a good prospect that you will not forget who we are. You open your doors for investment for our friends and brothers here. I could see Aliko Dangote, Aig Imoukhuede, and Tony Elumelu here. You have memories of your friends in Nigeria. You asked for Mike Adenuga earlier today,” he added.
President Tinubu noted that the future remained bright for better relations with France.
“It is a good time for all of us. I cannot be prouder than I am to be President of Nigeria at this challenging time. I have people who are very clearly inspired, who are determined to change the course of Africa by changing the rot of the past, blending a future that our children and grandchildren can hold, and be open, and be proud,” the President said.
President Tinubu stated that the reforms in Nigeria would improve Africa’s economic prospects.
“Regarding Nigeria’s economy, as you have said, we have embarked on a very strong reform, and there is no looking back. It is in the interest of the entire continent that we don’t continue in the past. We must brace up for the future with commitment and optimism. And with the courage of our founding fathers.”
In his remarks, President Macron acknowledged Nigeria’s leadership in Africa, recognising its role as a ‘big brother’ to the continent.
He praised Nigerians for their resilience and intellect, mentioning Nobel Laureate Prof. Wole Soyinka and musician Femi Kuti as global figures.
“Nigeria is a formidable country with talented young people. Many Nigerians are exceptional in their chosen careers.
“You conquered military rule and took your liberty. President Tinubu transformed the economy in Lagos, and now you are on a mission to transform the country,” he added.
Macron noted that French investors had long been active in Nigeria, particularly in oil, gas, construction, and food security.
He also highlighted opportunities in solid minerals, emerging technologies, and the film industry.
“Nigeria and France will continue to lead together, forging a path forward,” President Macron concluded.
Tinubu’s Wife, OBJ, Jonathan, Akpabio, Others Attend A/Ibom First Lady’s Funeral
Wife of Nigeria’s President, Oluremi Tinubu, former Presidents Olusegun Obasanjo, Goodluck Jonathan and Senate President, Godswill Akpabio, state governors and other dignitaries on Friday graced the funeral of Akwa Ibom’s First Lady, late Mrs Patience Umo Eno.
Speaking during the funeral in Ikot Ekpeneudo, Nsit Ubium Local Government Area, Oluremi Tinubu referred to the deceased as a woman of faith who was courageous, and charged her children to sustain her legacy.
Tinubu, who was represented at the event by Nana Kashim Shettima, wife of the Vice President of Nigeria, said Patience deserved to be celebrated.
“The first time I met her, I can testify the kind of person late Pastor Patience Umo Eno was. She was a woman of courage and faith, a caring woman. Your Excellency, for sure, not only you, we are all going to miss her. Who are we to question God? There is time for everything.
“Our hope and prayers are with you, the family and our dear excellencies, who are the state coordinators for the Renewed Hope Initiative. Truly, she deserves to be celebrated and it gladdens my heart at the colourful way she was celebrated. May God comfort you and the family,” she said.
The Akwa Ibom State Governor, Dr Umo Uno, said the funeral was an opportunity to thank God for the life of his late wife and applauded the support and show of love from all over the nation.
“We are overwhelmed by the outpouring of love, starting from the President of the Federal Republic of Nigeria. We are overwhelmed by the outpouring of love by the mother of the nation, distinguished Senator Remi Tinubu who led all the governors’ wives, all of the ministers’ wives to pay us the first condolence visit. Mummy, we thank you, and all the women of this country.
“I want to say that you have shown us love and that love strengthens us. If we stand here today strong, it is because the nation has risen as one to condole us and to give us a shoulder. I thank you,” he stated.
The governor called on all Nigerians to rise in one accord and stop fault finding, but support President Bola Ahmed Tinubu so he could lead the nation to prosperity.
Eno, who said his wife became larger in death than in life, said he would miss her, and promised to continue to live for the legacies she stood for.
“We will work extra hard not to disappoint Akwa Ibomites, and not to disappoint Nigerians. We want to say by the grace of God, we will continue to double our efforts, to push the frontiers of development of our state forward. We will continue to double our efforts in being humble, in maintaining relationships, in living up to the legacies that my wife stood for,” he said.
