From Ene Asuquo, Calabar

The 6th African sub – sovereign Governments Network Investment Conference has started in Calabar the cross river state capital as Afreximbank opens a $2 billion tap for Cross River State and other African sub-sovereign governments for the financing of bankable projects that can turn around their economies.

Making the disclosure in Calabar in a press briefing, The Director, Trade Facilitation and Investment Promotion, Afreximbank, Dr.

Gainmore Zanamwe, said the 6th African Sub-Sovereign Governments Network Investment Conference (AfSNET 2026) is going to be a three day event, running from Thursday 12th to Saturday 14th November, 2026.

Dr Zanamwe stated that, the Bank has the facility ready to finance. According to him, “Some people say funding is a problem. From Africa we say no. The $2 billion is there,” Zanamwe said. “Go and tell your people. You people in the media, go and tell people that money is there,” stressing that the bank is fully prepared to spend the next three days, November 12, 13 and 14, in Calabar enlightening states on how to access the fund. “How do you then access the funding?  He asked.

“That is what we’ll be telling everybody in the course of the next three days. We’ll be showing you how you can tap into the $2 billion to do your projects. We’ll make it very simple.” He maintained.

Zanamwe stated that only states that present properly packaged, bankable projects will benefit. “We’ll start tomorrow with a training on how to identify projects in your states. Some normally start by saying there’s a project in this, they then run to the investors. It doesn’t work that way. We’ll be breaking it down,” he said.

“We would like, under the leadership of your Governor, to be able to start from the vision and say this is the vision in terms of promoting trade investment in your states. Once you start from that big vision, you cannot do everything. You need to focus. Identify two or three sectors that you really need to focus on and promote,” he added.

He explained that capital can be raised in two ways: by preparing a project and making it bankable for financial institutions like Afreximbank, or by preparing a pitch deck to generate interest from potential investors.

He also promoted Africa Direct Investment, saying an investor from Lagos or South Africa can as well enjoy the same privileges and incentives given to an investor from America.

He stressed that governors will pitch their projects on November 13 and 14, adding that in the last five years, the initiative has facilitated opportunities worth more than $3 billion, trained over 2,000 people, and worked with 21 African countries.

Also speaking on behalf of Governor Bassey Otu, Commissioner for Information and Orientation, Pastor Ekpenyong Cobham, welcomed investors to the state.

“With Cross River State’s agrarian economy being rejuvenated by this administration, for the first time a very deliberate attempt is being taken to be able to make sure that our diverse products are being properly processed to meet international standards,” Cobham said.

By Tony Obiechina, Abuja

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has advocated a fair distribution of the 13 per cent derivation revenue among states that produce oil and gas.

The Chairman of the commission, Mohammed Shehu, made the appeal on Thursday in Owerri during the inauguration of an oil and gas wells verification exercise.

Shehu explained that the commission’s constitutional responsibilities under the 1999 Constitution, as amended, include monitoring revenue generated into and disbursed from the Federation Account, including funds allocated under the 13 per cent derivation arrangement.

He said the exercise would focus on identifying and confirming the geographical coordinates of disputed oil and gas wells, alongside newly drilled wells between 2017 and 2026.

According to him, an Inter-Agency Technical Committee established for the assignment would carry out physical inspections of the affected wells, verify their locations and ensure that their coordinates were accurately recorded using officially approved maps.

He added that the committee would also take relevant court judgments into consideration when addressing disputes involving oil and gas well locations.

Shehu said the committee would forward its technical findings directly to the commission for review, ratification and eventual adoption.

He described the verification exercise as essential to ensuring that revenue allocations from the Federation Account are accurate and fairly distributed, explaining that the geographical positions of oil and gas wells determine the financial entitlements of producing states.

“This exercise represents a crucial phase in establishing statutory accuracy, technical fidelity, and fiscal equity within the Federation Account allocation framework,” he said.

He further explained that the precise coordinates and geographical positions of oil and gas wells have direct implications for the legal and financial rights of the respective states.

The RMAFC chairman urged officials participating in the exercise to adhere strictly to professional surveying procedures, recognised maps and relevant legal requirements in carrying out their assignments.

He reiterated that the technical committee’s report would be submitted solely to the commission for administrative review and formal approval.

By Tambaya Julius, Abuja

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has called on officers and men of the Customs Police Unit (CPU) to uphold discipline, professionalism and integrity, stressing that accountability must begin within the Service.

Adeniyi made the call while delivering the keynote address at the inaugural Customs Police Summit 2026, held at the NAF Conference Centre and Suites, Abuja.

The summit, with the theme, “Reimagining Customs Policing: Learning From the Past, Responding to the Present, and Preparing for the Future,” brought together customs personnel and representatives of security and law enforcement agencies to discuss ways of strengthening the unit and preparing it for emerging enforcement challenges.

The Customs boss, who is also the Chairperson of the World Customs Organization (WCO) Council, said the Service must first demonstrate the discipline and integrity it expects from traders and members of the public.

He described the Customs Police Unit as a critical part of the Service’s internal control system, noting that its responsibility goes beyond investigating misconduct to ensuring that officers exercise their powers within the confines of the law.

According to him, the unit, formally inaugurated in July 2019, was established to investigate erring personnel, prevent crime and promote compliance, guided by the principle that no officer is above the law.

He said the experience of the Service over the years had reinforced three important lessons: integrity must begin at home, enforcement powers must be exercised responsibly, and effective policing requires cooperation among relevant institutions.

The Comptroller-General expressed concern over the growing sophistication of criminal networks, which he said were increasingly exploiting legitimate trade routes and digital platforms to move illicit goods, including firearm components, narcotics, counterfeit medicines, protected wildlife and proceeds of illegal activities.

He maintained that tackling these threats required more than aggressive enforcement, calling instead for smarter, intelligence-driven operations supported by technology and international best practices.

Adeniyi pointed to several World Customs Organization instruments, including the SAFE Framework, Authorised Economic Operator (AEO) Programme, advance rulings, Time Release Study and Revised Kyoto Convention, as important tools for promoting compliance, facilitating legitimate trade and reducing opportunities for corruption.

He also highlighted the role of technology and data management in strengthening customs operations, citing the B’Odogwu platform, which integrates declarations, valuation, risk management and AEO processes.

He added that the INTERPOL Data Centre at Customs Headquarters had provided the Service with access to global criminal databases, while the Nigeria Customs Service Act 2023 had strengthened the legal foundation for intelligence-led operations, joint border activities and mutual administrative assistance.

The CGC identified Consolidation, Collaboration and Innovation as the three pillars that must shape the future of customs policing.

He explained that consolidation would require stronger operational procedures, improved investigations, properly documented cases for prosecution and continuous professional development of personnel.

He called for closer working relationships with the Nigeria Police Force, Armed Forces, National Drug Law Enforcement Agency (NDLEA), National Agency for Food and Drug Administration and Control (NAFDAC), Department of State Services (DSS), Independent Corrupt Practices and Other Related Offences Commission (ICPC), Nigeria Agricultural Quarantine Service (NAQS), neighbouring countries and border communities.

He also encouraged the Service to take advantage of emerging technologies, including artificial intelligence, advanced scanners, geospatial tools and electronic cargo tracking, to improve investigations and strengthen enforcement operations.

Adeniyi urged participants to use the summit to develop practical recommendations, including a Customs Police doctrine based on the NCS Act 2023 and Revised Arusha Declaration, improved protocols for joint operations and evidence management, guidelines for the responsible use of artificial intelligence in investigations, and better training and welfare for CPU personnel.

Addressing officers of the unit, he reminded them that their red berets represented the confidence Nigerians placed in the Service and must therefore be worn with discipline, restraint and pride.

He stressed that integrity remained the greatest badge of honour for every customs officer.

The Acting Provost Marshal of the NCS, Deputy Comptroller TS Sanusi, described the summit as an important step towards strengthening the institutional capacity and repositioning the Customs Police Unit.

Sanusi said the unit was established to provide a dedicated structure for maintaining discipline, investigating misconduct and ensuring compliance with professional standards among personnel and stakeholders.

He observed that the Service could not effectively enforce laws and regulate international trade without having strong mechanisms to promote discipline and accountability within its own ranks.

He added that the increasing challenges of transnational organised crime, illicit financial flows, corruption and emerging security threats had made the work of the Customs Police Unit more important.

The Acting Provost Marshal expressed appreciation to the Comptroller-General for his leadership, support and approval of funds for the inaugural summit, noting that the gesture reflected management’s commitment to strengthening the unit.

He also recognised the contributions of former Provost Marshals and personnel who helped establish the unit’s operational structures and professional standards.

Sanusi urged serving personnel to lead by example, insisting that discipline must begin with them if they were to earn the respect and confidence required to enforce it among others.

In his remarks, Assistant Comptroller-General of Customs at Headquarters, MS Shuaibu, called for a renewed approach to customs policing, with greater emphasis on professionalism, intelligence gathering and institutional accountability.

Shuaibu said the summit provided an opportunity to reflect on the unit’s achievements, address existing challenges and develop strategies to respond to changing global trade patterns and security threats.

He acknowledged the unit’s contributions to internal discipline, investigation of infractions and the protection of the Service’s interests, but stressed the need to continually improve its operational capacity.

He identified intelligence gathering, surveillance, risk analysis, inter-agency cooperation and modern investigative techniques as key areas requiring attention.

The ACG further emphasised that the exercise of police powers must be guided by respect for human rights and due process, warning that enforcement must never become an excuse for unjust treatment.

He urged officers to remain firm but lawful, courageous but responsible, and impartial in carrying out their responsibilities.