NEWS
FCDA Threatens to Shut Glo Offices over N1.3bn Debt

By Laide Akinboade, Abuja
The Federal Capital Development Authority (FCDA), has warned Globacom Nigeria Limited in Abuja, to pay its over N1.3 billion telecommunication duct debt or risk being sealing of its premises.
Accordingly, the Authority has issued a seven-day ultimatum to the telecom to comply with the payment or risk business and switch premises being sealed up.
Addressing journalists during a visit to some of the telecommunication’s critical infrastructures in Abuja, the Chairman, Finance and General Purpose Committee of the 7th FCDA board, Hussein Monguno, said move was part of the effort to recover the over the N7.
8 billion debt owed by several telecommunication companies to FCDA.He said that since the commencement of full liberalization of the Telecommunication duct network in 2004 Globacom has never complied with the payment of the lease agreement.
Monguno said that although other telecommunication companies have responded positively, Globacom Nigeria Limited has failed to show any commitment.
“When we were sworn in to this board, the minister finds it necessary to constitute a committee for debt recovery when the committee was constituted.
“There are about 7.8 billion naira or thereabout debt, being owed to FCDA by different telecommunication companies, we wrote them a letter. We invited them to come and either accept or disagree with the billing system because FCDA has a very good billing system.
“Some of them actually paid. As I speak now, MTN is actually on credit, and several others have payed, but the case of Glo is quite different. They have never responded and they are the highest debtors of N1.3 billion.
“FCDA has built this infrastructure to give them an enabling environment to operate. They have to reciprocate our effort by paying for the service. So, if they don’t pay the debt, we know what to do. They have signed an agreement, and the content of the agreement is very rich. We can do quite a lot, we can seal up this place and we can also disconnect them.
Also, the Executive Secretary, Federal Capital Development Authority (FCDA), Zaliha’u Ahmed said all efforts made to recover this debt have failed and every attempt to get M/s Globacom Nigeria Limited to reason with FCDA and make payments of their indebtedness has fallen on deaf ears.
She said Globacom’s indebtedness to FCDA on the lease of telecommunications duct amount to N1.3 billion.
“We will not hesitate to seal up all their operations, with a view to ensure that they pay the debts.
“For the past six months, we have been writing them. We have written several letters and several reminders. We have invited them for meetings, but they disregard all these, so we don’t have any other option than to do what we are doing.
“If we conceal their operations, maybe it will send a message and it’s not only to Globacom but to anybody that refuses to pay the statutory services.”
NEWS
NAFDAC Warns Water Producers on Compliance

The National Agency for Food and Drug Administration and Control (NAFDAC) on Wednesday warned producers to strictly follow hygiene standards and digital registration procedures. Mr Kenneth Azikiwe, Director of NAFDAC’s FCT directorate, said the warning followed inspections that revealed expired licences among several producers.
Azikiwe also educated members of the Association of Table Water Producers (ATWAP), Mararaba-Karu branch, on the importance of compliance. The agency highlighted regulatory timelines and advised on improving water quality across the FCT and parts of Nasarawa State, including Mararaba, Nyanya, and Karu. He noted that producers were careless with water treatment, often misusing sterilisation equipment during production. Azikiwe cited cases where workers unplugged ultraviolet sterilisers to charge phones and turned hygiene areas into kitchens. He reaffirmed NAFDAC’s commitment to public safety and urged compliance for the benefit of all Nigerians. Azikiwe encouraged producers to use the agency’s digital platform, the NAFDAC Automated Products and Nutritional Monitoring System (NAPAMS), for easier access to services. He added that laboratory samples are now processed weekly to speed up approvals and urged strict adherence to procedures. Mrs Gloria Wilberford, Head of the Greater FCT Office in Mararaba, said NAPAMS had greatly improved after its upgrade to version 3. She noted that laboratory submissions now occur every Wednesday, cutting delays that used to last over a month. Wilberford said the agency’s aim was to support compliant businesses, not to penalise them. She added that setting up offices in Mararaba and Suleja was meant to ease administrative hurdles in satellite towns. Mr Michael Ajagbonna, Nasarawa Coordinator for the Standards Organisation of Nigeria, explained SON certifies products while NAFDAC handles their registration. He stressed on mutual respect among regulators and the need to work within legal boundaries, despite overlapping duties. ATWAP National Financial Secretary, Amb. Usman Diggi, said members struggle with digital literacy but promised to help identify non-compliant producers. “As a union, we can’t sanction violators, but we will report them to NAFDAC,” he stated. Mr John Michael, an ATWAP member, found the session informative and called for more stakeholder engagement. He said the workshop clarified registration issues and gave members the tools and contacts needed to resolve them. (NAN)NEWS
NDA Commandant Seeks Emir of Zazzau’s Support in Training Officers

The Commandant of the Nigerian Defence Academy (NDA), Maj.-Gen. Abdul Ibrahim, has sought for the royal blessings and support from the Emir of Zazzau, Amb. Ahmed Bamalli.Report says that Ibrahim spoke when he paid a courtesy visit to the emir at his Palace in Zaria on Wednesday.
The commandant also solicited the emir’s cooperation in fulfilling the NDA’s primary mandate of training officers for the Armed Forces of Nigeria and allied African nations. During the visit, the commandant formally informed the emir about his new positon, following the recent re-deployment of personnel in the Nigerian Army. Ibrahim highlighted that the NDA was established over six decades ago to cater to the growing demand for officers in post-independence Nigeria.He emphasised the importance of partnerships with traditional rulers and other stakeholders to enhance both economic development and security in the nation.The commandant invited the emir to deliver a keynote address at the upcoming ‘Leadership Seminar’ dedicated to the legacy of the famous Queen Amina of Zazzau.Ibrahim also informed the emir about the Passing Out Parade (POP) for the 72 Regular Course (RC) Cadets, scheduled for September 2025, and extended a formal invitation for him to attend as the Royal Father of the Day.The commandant also wished Bamalli a long reign, stability, and good health while reassuring him of the armed forces’ ongoing support for peace and stability in the Emirate and beyond.In response, the emir reminisced about his school days at the Government College Kaduna, reflecting on the military discipline instilled at the NDA, which also benefited the students in his college. “I recall those days; the standard of discipline in the NDA was being replicated in our college, making us the beneficiaries of good military traditions,” he stated.The emir expressed his best wishes for Ibrahim’s tenure, stating, “judging from your antecedents, the NDA is lucky to have you as Commandant.”Regarding the Leadership Seminar on Queen Amina, the emir revealed ongoing efforts at the palace to harmonise literature with unwritten facts about the legendary warrior queen, aiming to clarify conflicting accounts and present a well-rounded historical perspective.He assured his attendance at the POP of the 73 RC, reiterating his commitment to the NDA.Accompanying the NDA Commandant included Maj.- Gen. AB Mohammed, the Commandant, Depot Nigerian Army; Prof. Isa Garba, Academy’s Provost; Commodore ST Lengaya, Director of Coordination; Air Commodore SA Buhari, Director of Logistics and Col. MS Jafar, Chief Instructor, Army Wing, among othersThe visit was witnessed by the members of the Zazzau Emirate Council, District Heads, and palace staff. (NAN)NEWS
Don’t Patronise Silverkuun, SEC warns public

By Tony Obiechina Abuja
The Securities and Exchange Commission has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, Wednesday, the commission said its attention had been drawn to the activities of these entities, which falsely present themselves as investment advisers and fund managers in the Nigerian capital market.
“The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to the activities of Silverkuun Investment Cooperative Society/Silverkuun Limited which holds itself out as an Investment Adviser/Fund Manager. “The Commission hereby informs the public that Silverkuun Investment Cooperative Society/Silverkuun Limited is NOT REGISTERED to operate in any capacity in the Nigerian Capital Market. Accordingly, the SEC advised the public to refrain from engaging with Silverkuun Investment Cooperative Society/Silverkuun Limited or its representatives in respect of any business in the Nigerian capital market. “The Commission uses this medium to reiterate that transacting in the Nigerian Capital Market with unregistered and unregulated entities exposes investors to financial risk including fraud and potential loss of investment. The investing public is therefore reminded to verify the status of companies and entities offering investment opportunities on the Commission’s dedicated portal – www.sec.gov.ng/cmos, before transacting with them”, the SEC added. Director General of the SEC, Dr. Emomotimi Agama had recently warned that the Commission would not hesitate to shut down the operations of such unregistered entities while also ensuring that the promoters are made to face the full weight of the law. Agama said, “We will shut down their operations and the promoters will be made to face the full weight of the law,” Agama warned. “In a major reform, ISA 2025 officially brings digital assets under the SEC’s regulatory purview, defining them as securities and mandating registration for all virtual asset service providers (VASPs) and digital asset exchanges. This development aims to close the regulatory vacuum that has allowed many Ponzi-style platforms to thrive under the guise of cryptocurrency and digital finance”.