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EFCC Arraigns Chris Ngige Over N2.2bn Corruption Allegations
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) has arraigned former Minister of Labour and Productivity, Mr Chris Ngige, before Justice Mariam Hassan of the Federal Capital Territory (FCT) High Court, Gwarinpa, on corruption allegations totalling N2.2 billion.
Mr Ngige, a former Governor of Anambra State, was arraigned on an eight-count charge.
In the eight-count charge, marked: FCT/HC/CR/726/2025, the former minister was the sole defendant.
According to the charge dated October 31 and filed on December 9 by a team of lawyers, led by Mr Sylvanus Tahir (SAN), Mr Ngige was alleged to have committed the offences while serving as Minister of Labour under the ex-President Muhammadu Buhari.
In count one, the defendant was alleged to have, between September 2015 and May 2023, while being the supervising Minister of the Nigeria Social Insurance Trust Fund (NSITF), used his position to confer an unfair advantage upon Cezimo Nigeria Limited, a company whose MD/CEO and alter ego, Ezebinwa Amarachukwu Charles, is his associate.
Mr Ngige was said to have awarded seven contracts for consultancy, training, and supply by the NSITF to the said company to the tune of ₦366,470,920.68 (Three Hundred and Sixty Six Million, Four Hundred and Seventy Thousand, Nine Hundred and Twenty Naira and Sixty Eight Kobo).
In count two, the defendant was alleged to have, while being the supervising Minister of NSITF, used his position to confer an unfair advantage upon Zitacom Nigeria Limited, a company whose MD/CEO and alter ego, Mr Ezebinwa Amarachukwu Charles, is his associate.
Mr Ngige was alleged to have awarded eight contracts for supply, training, and consultancy, with NSITF, to the said company to the tune of N583,682,686.00 (Five Hundred and Eighty Three Million, Six Hundred and Eighty Two Thousand, Six Hundred and Eighty Six Naira) only.
Count three accused the former Anambra governor of using his position to confer an unfair advantage upon Jeff & Xris Limited, a company whose MD/CEO and alter ego, Mr Nwosu Jideofor Chukwunwike, is his associate, by the award of eight contracts for consultancy, training and supplies with NSITF to the said company to the tune of N362,043,163.16 (Three Hundred and Sixty Two Million, Forty Three Thousand, One Hundred and Sixty Three Naira and Sixteen Kobo) only.
In count four, he was allegedly to have used his position to confer an unfair advantage upon Olde English Consolidated Limited, a company whose MD/CEO and alter ego, Mr Uzoma Igbonwa, is his associate.
He was accused of awarding four contracts for consultancy, training, and construction by NSITF to the said company to the tune of N668,138,141.00 (Six Hundred and Sixty Eight Million, One Hundred and Thirty Eight Thousand, One Hundred and Forty One Naira) only.
In count five, the ex-minister was alleged to have used his position to confer unfair advantage upon Shale Atlantic Intercontinental Services Limited, a company whose MD/CEO and alter ego, Mr Uzoma Igbonwa, is his associate.
Mr Ngige was said to have awarded four contracts by NSITF to the said company for consultancy, training, and supply to the tune of N161,604,625.00 (One Hundred and Sixty One Million, Six Hundred and Four Thousand, Six Hundred and Twenty Five Naira) only.
The offences were contrary to and punishable under Section 19 of the Corrupt Practices and Other Related Offences Act, 2000.
In count six, the defendant was alleged to have corruptly accepted a gift to the tune of N38, 650,000 (Thirty Eight Million, Six Hundred and Fifty Thousand Naira) only, through his “organisation called Senator (Dr) Chris Nwabueze Ngige Campaign Organisation from Cezimo Nigeria Limited (Zenith Bank Account Number 1011901119), a contractor with NSITF, while performing your official act as Minister of Labour and Employment.”
In count seven, Mr Ngige was alleged to have, while being the minister between September 2015 and May 2023, corruptly accepted a gift, to the tune of N55,003,000 (Fifty Five Million, Three Thousand Naira) only.
The “gift” was received through his organisation called “Senator (Dr) Chris Ngige Scholarship Scheme from Zitacom Nigeria Limited (Zenith Bank Account Number 1017263219), a contractor of NSITF, while performing your official act as Minister of Labour and Employment.”
Also in count eight, the former minister was allegedly to have corruptly accepted a gift, to the tune of N26,130,000 (Twenty Six Million, One Hundred and Thirty Thousand Naira) only, through his organisation called Senator (Dr) Chris Ngige Scholarship Scheme.
The money was received from Jeff & Xris Limited (Zenith Bank Account Number 1011533930), a contractor with NSITF, while performing his official act as Minister of Labour and Employment.
The offences were contrary to Section 17(a) of the Corrupt Practices and Other Related Offences Act, 2000, and punishable under Section 179(c) of the same Act.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
By Adedapo Adesanya
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has inaugurated a new board for the Agricultural Credit Guarantee Scheme Fund (ACGSF) with a renewed push to expand agricultural lending through technology, innovation and deeper financial inclusion.
Speaking at the inauguration in Abuja, Mr Cardoso said the scheme, established in 1977, remains a critical instrument for de-risking credit to farmers nationwide.
“The ACGSF has demonstrated enormous value in supporting Nigeria’s food system. With repayment rates consistently between 90 and 98 percent, it is clear that farmers can deliver when given access to credit,” he said.
The CBN Governor stressed the need for a more modernised approach to agricultural finance.
“We must scale up innovation, deepen inclusion and deploy technology to ensure that more farmers, especially women and youth, can benefit from this scheme,” Mr Cardoso stated, charging the new board to strengthen collaboration with financial institutions while ensuring real-time tracking and monitoring of loans to improve productivity and safeguard the fund’s integrity.
The newly inaugurated Board is chaired by Dr Olusegun Oshin, with members including Professor Murtala Sabo Sagagi, Dr Nneka Onyeali-Ikpe, Mr Frank Satumari Kudla, Ms Olusola Sowemimo, Ms Adetoun Abbi-Olaniyan and Mr Wondi Philip Ndanusa.
Mr Cardoso expressed confidence in the team’s ability to reposition agricultural credit delivery.
“This Board comes at a crucial time. We expect stronger oversight, improved efficiency and a renewed focus on rural livelihoods,” he said.
According to a statement from the apex bank, Deputy Governors, Directors and senior officials of the bank were present at the ceremony.
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