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Niger Signs $2bn Agric Deal with Turkish Coy
From Dan Amasingha, Minna
Niger State Government has signed a $2billion Memorandum of Understanding (MoU) with a Turkish company, Direkci Group for the off-taking of Soya Beans in the State.The agreement signed at the Niger State Government House, Minna was witnessed by Governor Mohammed Umaru Bago, officials of Direkci Group led by their MD/CEO Mr Nurullah Mahmet and other top government functionaries.
The 10-year partnership, which will cost $200 million per year and $2 billion for the 10 years period, is under the Niger Foods, and is expected to boost agriculture in the State, create job opportunities and improve the economic status of local farmers. Bago appreciated the Turkish Government for the willingness to invest in Niger State.According to him, “This collaboration is a game-changer for Niger State and we are confident it will significantly reduce unemployment and boost food security.”He said going forward, the state government was equally willing to partner with Turkey in other areas beyond agriculture.The Managing Director and Chief Executive Officer of the Turkish company, Mr Nurullah Mahmet said they have been in agric business for decades and have established their presence in Nigeria for 17 years.He said they were attracted by the agricultural programmes of the state and partnering with the state would be mutually beneficial for both parties.He commended Bago for providing the needed impetus for agric investment in the state.The MD said they were willing to put in $10 billion in agriculture investment for the next 10 years and would work with the government of their country to provide security for their investment in the state.The Chairman, Niger Foods, Sammy Adigun disclosed that the Turkish firm will buy 500,000 tonnes of soya beans each year for 10 years.He said the agreement would empower local farmers by providing them with seeds and fertilizers, ensuring a guaranteed market for their produce.Adigun revealed that the Turkish firm was also investing in a 100,000 hectare Green House project with cold chain facility at the agro processing zone with an annual output of about 160,000 tonnes of fruits and vegetables such as tomato and pepper among others.He added that the group will also establish a total of 2.5 million chicken production facility including eggs and feed mills production in two phases.Adigun said the partnership would establish 30,000 hectares of soya beans farms with irrigation systems in Adunu, Paikoro Local Government Area of the state.He announced that already, the group had ordered the first chicken house for 500,000 chickens and would be functional in six months time, while 2000 green houses were already being shipped as the group was also to provide $50 million as direct support to farmers.The agreement, according to Adigun will include the company providing security for their investment in areas prone to insecurity in the state.COVER
After Five Months Bello, EFCC Standoff Turns Theatric
From Joseph Amedu, Lokoja
Former Governor of Kogi State Yahaya Bello yesterday honoured the invitation of the Economic and Financial Crimes Commission (EFCC).
A statement from Bello’s Media Office signed by Michael Ohiare said that the decision was made after due consultations with his family, legal team and political allies.
The statement read, “The former governor, who has great respect for the rule of law and constituted authority, had all the while only sought the enforcement of his fundamental rights in order to ensure due process.
“The case has been before a competent court and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing.
“It is important for the former governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.
“The former governor believes firmly in the efforts of the administration of President Bola Tinubu to place Nigeria on the path of sustainable economic development and support the fight against corruption in the country.
“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the state work for the people of the state.
“He was accompanied to the EFCC Headquarters by high profile Nigerians.
“It is our hope that the commission will be as professional as necessary and respect his fundamental rights as a citizen of the Federal Republic of Nigeria.
“Details of his engagement with the operatives of the anti-graft agency will be disclosed later.”
However, EFCC denied that the former governor was in its custody.
The commission, in a statement by its spokesperson, Dele Oyewale said that Bello remained wanted with a subsisting warrant of arrest.
He said, “Media reports today that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC is incorrect.
“The commission wishes to state that Bello is not in its custody.
“Bello, already declared wanted by the commission for alleged N80.2 billion money laundering charges, remains wanted with a subsisting warrant for his arrest.”
Bello was declared wanted after the incumbent governor of Kogi State, Usman Ododo helped the embattled former governor to escape arrest in April.
Ododo’s arrival with heavy security at the residence of the ex-governor in Wuse, Abuja prevented the EFCC men from effecting his arrest.
Ododo’s entourage drove out with Bello in the governor’s car.
Since then, it was said have holed up in the Kogi State Government House, Lokoja.
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Alia Hands over Seized Palliatives Truck to EFCC, ICPC in Makurdi
From Attah Ede, Makurdi
Governor Hyacinth Alia of Benue State yesterday handed over a truck of palliatives he recently confiscated in Makurdi to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) with a charge on them to conduct a thorough investigations bordering on alleged diversion.
The National Emergency Management Agency (NEMA), had on Sept.
11 through the office of the representative of House of Representatives for Kwande/Ushongo Federal Constituency, Terséer Ugbor deployed two trucks of palliatives to his constituency for onward distribution to IDPs and vulnerable households.However, one of the trucks containing several materials worth millions of naira was confiscated by the state governor.
Our correspondent had earlier reported that the seized truck was conveying assorted relief materials meant for IDPs in the Kwande/Ushongo federal constituency was caught offloading its contents at a private residence around Kilometre 2 in Makurdi.
Further checks revealed that the palliatives, which were loaded from a NEMA warehouse in Jos found their way to a private residence under the directives of Ugbor.
The governor explained that he gave a standing order that the truck be impounded and moved to Government House Makurdi so as to know why goods released from NEMA for distribution to IDPs in Kwande and Ushongo could be offloaded at a private residence in Makurdi.
Alia who spoke at NEMA headquarters upon his return from the United Kingdom expressed displeasure over the discovery of some hidden facts regarding the matter.
He explained that preliminary investigations revealed that the goods were coming from NEMA and were meant to be sponsored by the state government and lifted by the State Emergency Management Agency (SEMA).
In a letter from NEMA headquarters addressed to the representative of the Kwande/Ushongo constituency, Ugbor, who lobbied for the materials, the agency specified that the state government should pay for the expenses of lifting the materials in Jos and that the materials be taken to the state by NEMA and handed over to SEMA.
Alia who discovered that some of the trucks conveying other materials such as mattresses were still missing, directed anti-graft agencies to liaise with a three-man committee from the state and conduct a thorough investigations to uncover more facts.
“It was also discovered that the materials were to be distributed directly to the affected persons by officials from the agency’s North Central Zonal Office in collaboration with the Benue State Emergency Management Agency team.
“I have directed that the Acting Executive Secretary of SEMA, James Iorpuu, officers of the EFCC, and a few others should monitor the situation and ensure that due process was followed and that the materials were distributed to the rightful people.
“I thank President Bola Tinubu for having Benue people at heart. I therefore use this opportunity to call on the National Assembly members to consider the conditions of vulnerable people in their states and ensure that they provide for their constituents whatever the federal government gives,” Alia stated.
The Chief Press Secretary (CPS) to the governor, Tersoo Kula in a statement in Makurdi, said the Director General of NEMA through a phone call, thanked the governor for being vigilant and also promised to continue to collaborate with the state government to ensure the fair distribution of materials coming from the Federal Government.
Similarly, last month, the governor uncovered the diversion of relief materials for an IDPs camp in Makurdi by SEMA officials.
The diverted food items include: 55 bags of rice, 24 bags of garri, Indomie noodles, beans among others.
The Executive Secretary of SEMA was perplexed, wondering how the governor got wind of the development.
Three staff of the agency were arrested in connection with the incident.The IDPs said diversion of relief materials by staff of SEMA was a common happening.
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CBN Appoints New Board for Keystone Bank
By Tony Obiechina, Abuja
Central Bank of Nigeria (CBN) has reconstituted the board of directors of Keystone Bank.
In a statement by the bank on Wednesday, the move is part of the apex bank’s strategy to ensure sustained growth for the financial institution.
According to the statement, Ada Chukwudozie is the new board chairman alongside five other non-Executive Directors.
They are Abdul-Rahman Esene, Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello.
In addition, the CBN named two new Executive Directors, Ladi Oluwole and Abubakar Usman Bello.
Chukwudozie, a prominent figure in Nigeria’s corporate sector, brings nearly three decades of experience in business strategy, management, and administration.
Her expertise cuts across multiple industries, including De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.
Esene, with over 43 years of experience in banking, investment management, and corporate finance, has held leadership roles in major institutions including Fidelity Bank, Afrinvest, and Global Arbitrage International Inc.
Akande boasts over 25 years of experience in legal, compliance, and risk management, having worked with global brands like Cadbury, Stanbic Chartered Bank, and Shell.
Olusoji has a distinguished 30-year career in accounting, finance, and business development, having served at institutions such as Sterling Bank, Access Bank, and Intercontinental Bank.
Samuel with more than 35 years of experience in banking and treasury operations has left a significant mark on Nigeria’s financial sector, previously working with Zenith Bank and Fidelity Bank.
Senator Bello, a seasoned banker with over 20 years of experience, has led initiatives across both the public and private sectors, including the National Assembly and Guaranty Trust Bank.
The two new Executive Directors bring their vast expertise to the table. Oluwole, the new Executive Director of Risk Management comes with over two decades of experience in credit and enterprise risk management, including previous roles at Bank of America.
Bello, Executive Director for the Northern Directorate has extensive experience managing corporate, retail, and public sector clients.
Speaking on the appointments, Keystone Bank’s Managing Director and CEO, Hassan Imam expressed confidence in the new board members, adding that their wealth of experience would play a crucial role in the bank’s continued repositioning and growth.
“We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank.
“We are confident that their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam said.