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72nd UNGA: Presidency Says Fake Buhari Speech in Circulation

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By Dipo Olowookere

The presidency alerted Nigerians of a speech purportedly delivered by President Muhammadu Buhari at the ongoing United Nations General Assembly (UNGA) in the United States of Amercia (USA).

In a tweet early Tuesday, the presidency said on Twitter that Nigerians should disregard the said post advising the UN on the need to restructure the global body.

“There’s a fake speech circulating online as the text of President @MBuhari’s #UNGA Address, to be delivered Tuesday. Please DISREGARD it,” the post from the verified Twitter account @NGRPresident (Presidency Nigeria‏), said.

President Buhari is among the leaders to speak at the UN General Assembly today.

This year’s debate theme is ‘Focusing on People: Striving for Peace and a Decent Life for All on a Sustainable Planet.’

Below is the fake Mr Buhari’s speech:

The president of the United Nation’s General Assembly,

Your Excellencies,

Heads of States and governments,

Distinguished Delegates,

Ladies and Gentlemen.

On behalf of the government and people of the Federal Republic of Nigeria, I congratulate you, Mr President, on your election to preside over the 72nd session of the United Nations’ General Assembly.

I also wish to express my country’s appreciation to the Secretary General of the United Nations, Mr Antonio Guterres, for his steady leadership and this body’s dedication to the search for a peaceful and equitable world through the charter of the United Nations.

Every year, we gather here to deliberate on the affairs of the world. Sometimes we implement what we talked about and move humanity an inch closer to that ideal relationship as members of the world community.

At other times, we have our talks and end up not implementing anything to the disappointment of millions and millions of people around the world who look up to this body to provide leadership in a world that is constantly oscillating between advancement and doom.

In all of these, we often forget that what we have accomplished in the last 72 years is unprecedented in the annals of human history.

The world may be badly governed, but the fact that there is a form of governance agreed upon by all is an accomplishment in and of itself.

So, I congratulate us all. Mr President, as we say in Nigeria, he who does not look ahead remains behind. Our charge now is to aspire to make this world better for the next generation. We, the generation that knows how the world was before the United Nations was formed, must bequeath to those coming behind us a better United Nations that would be in a position to deal with the challenges of tomorrow.

To accomplish that, we need to fast forward the reformation long proposed in this chamber. To restructure or not to restructure is no longer the question – the United Nations must be restructured for it to remain relevant in years to come. How to restructure the United Nations should be our priority number one.

Several ideas are out there. All that we need is to get them together and agree on what works for majority of the people of this world.

As a leader of one of the leading African nations, I want to see a United Nation’s Security Council that is expanded to have one or two African permanent members with veto powers. It is a fair thing to do – one that will benefit the world by giving it a chance for a more balanced outlook to matters of importance to us all.

As we have learned in Nigeria, sometimes you need to change in order to remain the same. It is the first principle of renewal. In the continent of Africa, the post-colonial era is going into a new phase. In another generation, there would not be any African alive who could remember when European powers once governed Africa.

That emerging generation is creating new challenges for the African order left behind by the colonial powers. My generation is managing that challenge with the hope of leaving behind nation states that are less prone to crisis. We cannot continue to pretend that conflicts that emerged as a result of our colonial heritage have been resolved.

Across our continent, they are still there. In some cases, bad governance is exacerbating these conflict points. Here are some of the things we are doing to make sure that we bequeath to the upcoming generations of Africans a continent that is healthy, wealthy and well-grounded in law and order.

We are close to enshrining in the African Union’s creed the fundamental principle of democracy, which says that a credible people’s mandate should determine who governs any nation across Africa. We are taking it a step further by pushing to make that mandate limited.

We believe that Africa has numerous talents and no man or woman should be in the leadership saddle for an inordinate time. We are also working hard to expand the African market and open it up for our people to benefit from the free flow of goods, services and knowledge across the continent. It is the only path to prosperity for over one billion people in Africa yearning for opportunities to show the world the potentials they have.

As Africans, we will continue to build partnerships across the world. As we stretch our hands out for friendship, we do so with the expectation that our hands would be met not with pity and charity but with respect and dignity. Africans have a lot to offer the world, not just its minerals and human potentials. We are committed to resetting that old perception with a new one that proclaims Africa as a land ready for business.

Those who have taken the steps to invest in Africa can attest to the mutual benefit that comes with it. In areas of infrastructural developments, research and security, we urgently need a respectable and mutually beneficial partnership with the world. Integration of the continent and expansion of prosperity can only come when there are good roads, constant electricity, clean water and descent healthcare for our people.

The United States government, The European Union, private investors and non-governmental organizations are getting involved in these ventures.

Africa will continue to welcome the world in every enterprise that will uplift our people. It is only when we add value and build capital that we will reduce the grim statistics of Africa’s child mortality rate from preventable deaths.

It is only then that we can reduce deaths on the Mediterranean Sea of African youths running away from conflicts and poverty. The challenge is ours. We accept the responsibility. As in the past, we know that we do well when we share skills and expertise. That was how we were able to work together with partners around the world to reduce the AIDS epidemic. That was how, in the last two decades, we were able to defeat diseases like polio, tuberculosis and ringworm in several parts of Africa. Africans have always been appreciative of the assistance we receive.

We have also paid back to the international community with our involvement in Peace Keeping missions across the world. Mr President, on matters of security, there is no gainsaying that when one part of the globe is insecure, all parts of the globe become potential victims of that insecurity. The activities of several extreme groups jeopardize not just the nation where they emanated but everyone far and in-between.

The free movement of fighters and weapons has all but made the issue of security a global problem. As we have learned in Nigeria, you compromise the security of the whole when components of the sum are not fully valued, appreciated and integrated with the whole.

We in Africa have been partners in the quest for a secure world. We will continue to be committed to the mission until all threats to peace across the world are eliminated. In Nigeria, we have degraded the capability of the Boko Haram terrorist group. We are on the path to eliminating the last of their safe heavens.

We have also secured the release of some of our abducted Chibok Girls. We are working hard to secure the release of the rest and to finish the job of closing the Boko Haram chapter and get the North East of Nigeria back to a peaceful region that it used to be.

Along this line, Mr President, we at the United Nations need to do more to bring about a more equitable world where a large group of people does not feel suppressed, undervalued and alienated. Last year, I talked about the need for Palestinians to have their own state. Progress has not been made on that matter in the past one year. It is one of those problems that we must not punt to another generation. Any glaring unfairness, like the Palestinian case, diminishes our moral authority to preach and lecture the world on other cases.

As we have learned in Nigeria, our stubborn self-righteousness blocks our ears from hearing the cry of those that we left on the fringe of society and blocks our eyes from seeing and reading the handwriting on the wall. In the urgent matter of the nuclear stand-off with North Korea, we hope that calm heads prevail. And as our ancestors say, that the disobedient fowl does not wait to be put into a pot of soup before it obeys.

We in Africa hope that North Korea and, indeed, all the nations with nuclear weapons will hasten to eliminate them all. We don’t aspire to have nuclear weapons in the continent of Africa, the cradle of mankind. We will preserve Africa in case the nuclear-armed nations of the world decide to destroy themselves in their so-called mutual assured destruction.

Should that happen, be assured that there will be a place in Africa for those of you who will be lucky enough to survive your self-inflicted annihilation. While we do not wish for that, we have this saying in Nigeria that, “na when soldier slap you, you go sabi say police na your friend.”

Mr President, Nigeria is always willing to work with the United Nations and other international organizations to advance human progress.

May the United Nations continue on its challenging task of being an instrument for peace, and may the goals that this General Assembly “for peace and a decent life for all on a sustainable planet” be accomplished in our time.

Thank you all for listening. Muhammadu Buhari, President, Federal Republic of Nigeria

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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EFCC Probes Undeclared $461,600 at Kano Airport

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EFCC undeclared $461600 Kano Airport

By Modupe Gbadeyanka

Two suspects are currently being investigated for not declaring $461,600 in their possession to the Nigeria Customs Service (NCS) at the Mallam Aminu Kano International Airport.

Two male passengers, identified as Mr Jamilu Shuaibu Waya and Mr Usman Namadi, were arrested on Friday, May 8, 2026, at the airport with an undeclared sum of money. They arrived in the country from Dubai via Ethiopian Airlines ET941.

While they initially declared $130,000 and $180,000, respectively, at the currency declaration desk, a subsequent physical examination by customs officials revealed an additional undeclared $120,000 on the first suspect (bringing his total to $250,000) and an additional $31,600 on the second suspect (bringing his total to $211,600). The undeclared amounts contravene Sections 3 and 4 of the Money Laundering (Prevention and Prohibition) Act 2022.

In a statement on Monday, the Economic and Financial Crimes Commission (EFCC) said its Kano Zonal Directorate was looking into the matter after the suspects were handed over to the agency by the acting Customs Area Controller for Kano/Jigawa Area Command, Deputy Comptroller UU Adamu.

The Zonal Director of the EFCC, ACE1 Friday S. Ebelo, assured customs of his organisation’s commitment to a full-scale investigation.

“The EFCC will conduct a thorough and uncompromising investigation into this matter. We will prosecute the case with the utmost diligence to ensure that violators of our anti-money laundering laws face the full weight of justice,” he said.

He further expressed deep appreciation to the NCS for the long-standing and consistent cooperation of the service with the EFCC over the years, noting that such inter-agency collaboration remains critical in combating the illegal movement of cash and financial crimes.

Earlier in his remarks, Mr Adamu expressed his deep appreciation to the EFCC for its unwavering support to customs.

“Let me express appreciation for the continuous collaboration with the EFCC Kano Zonal Directorate for their support in realising our goal while combating the illegal movement of cash,” he said.

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DAPPMAN Faults Dangote’s Suit to Halt Fuel Imports

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DAPPMAN Oil Marketers

By Adedapo Adesanya

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has kicked against a lawsuit filed by the Dangote Petroleum Refinery to invalidate fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Last week, the refinery asked the Federal High Court in Lagos to void import permits granted by the NMDPRA to fuel importers.

The marketers said it would not fold its arms and allow its depots to go into extinction through a court ruling, arguing that the licences being challenged were not mere administrative favours but legal instruments issued under the PIA to guarantee the country’s fuel supply security.

The development followed the recently issued import license by the NMDPRA to six Nigerian oil marketers to bring in over 600,000 metric tonnes of petrol into the country.

Since the 650,000 barrels-per-day refinery began supplying petroleum products to the local market, Dangote has repeatedly argued that continued issuance of fuel import licences to marketers undermines domestic refining, weakens investment incentives, and encourages dependence on imported products despite existing local capacity.

The refinery already handles 90 per cent of the domestic supply.

In the statement, the marketers maintained that the NMDPRA acted within its statutory powers in approving the licences, stressing that the regulator’s responsibility was to ensure uninterrupted product availability for Nigerian consumers and not to protect the commercial interests of any single refinery, regardless of its size.

The association stated that its members had invested billions of naira in petroleum depots, logistics systems, and compliance infrastructure based on the understanding that the licences granted to them were lawful, valid, and protected under the law.

According to the marketers, any attempt to retroactively void those approvals would create uncertainty across the downstream petroleum sector at a time when stability in fuel supply remains critical.

“The news that Dangote Petroleum Refinery has filed a fresh lawsuit seeking to set aside fuel import licences issued by the NMDPRA to marketers and the NNPC demands a clear response from this association.

“The import licences at the centre of this lawsuit are not administrative courtesies. They are the legal instruments through which Nigeria’s fuel supply chain functions. They were issued under a regulatory framework established by the Petroleum Industry Act, by an authority empowered to make exactly this kind of determination. The NMDPRA has consistently maintained, correctly, that these licences exist to protect supply security, not to disadvantage any single producer, however large.

“DAPPMAN’s member companies have invested billions of naira in depot infrastructure, logistics networks, and compliance systems on the basis that their operating licences are valid, lawful, and durable. A legal action designed to retroactively void those licences does not just affect individual businesses, it introduces uncertainty into the entire downstream supply chain at a moment when Nigeria can least afford it,” the association maintained.

It added that the NMDPRA had consistently defended the issuance of import permits as necessary tools for safeguarding national supply, insisting that the position had previously been upheld in court and should continue to stand.

DAPPMAN rejected what it described as the underlying argument that a private refinery’s commercial interests should supersede the statutory mandate of the regulator.

It further warned against any attempt to turn Nigeria’s downstream petroleum industry into a monopoly, arguing that the market had evolved over many years into a multi-player system serving millions of Nigerians daily.

The association disclosed that it would engage legal counsel, work with affected member companies, and make formal representations to the relevant authorities over the matter.

“We respect Dangote Petroleum Refinery’s right to pursue legal remedies. What we do not accept is the premise that a private refinery’s commercial interests should override a regulatory authority’s mandate to ensure adequate supply to Nigerian consumers.

“The PIA is clear: import licences may be issued where the regulator determines it necessary. That determination has been made. It has been defended in court before. It should be defended again.

“Nigeria’s fuel market is not a monopoly waiting to happen. It is a competitive, multi-participant market that has taken years to build and that serves millions of Nigerians every day. DAPPMAN will be engaging legal counsel, coordinating with affected member companies, and making formal representations to the relevant authorities on this matter,” the statement added.

The group argued that the strength of Nigeria’s downstream sector lies in the participation of multiple operators, warning that efforts aimed at shrinking the number of market participants would ultimately hurt consumers through reduced competition and supply vulnerabilities.

According to DAPPMAN, “A lawsuit that seeks to reduce that field of players is ultimately a lawsuit against Nigerian consumers,” adding, “Our members did not build this industry to watch it be argued out of existence in a courtroom,” emphasising its commitment to continually serve Nigerians.

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Lolu Akinwunmi, Iquo Ukoh to Co-chair 2026 CMO Circle

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2026 CMO Circle

By Modupe Gbadeyanka

The duo of Lolu Akinwunmi and Iquo Ukoh will co-chair the 2026 Chief Marketing Officers Circle (CMO Circle), slated for June 5, 2026, with the theme The C-Suite Mandate: Talent Density and Marketing Leadership.

The invitation-only forum for CMOs and senior marketing leaders will bring together the most influential voices in marketing to shape strategy at the highest levels of business and public policy.

As Co-Chairs, Akinwunmi and Ukoh will curate and lead high-level discussions focused on innovation, talent density, enterprise growth, and the expanding mandate of the CMO within the C-suite. Their stewardship reinforces the Circle’s role as a convening authority—one that not only reflects industry thinking but actively defines it.

Akinwunmi, Group CEO of Prima Garnet (Ogilvy Nigeria), brings decades of experience advising leading national and multinational brands, alongside a distinguished record of industry leadership.

Ukoh, Chief Executive Officer of Entod Marketing and former Director of Marketing Services at Nestlé Nigeria, is widely regarded for her leadership in brand strategy, consumer engagement, and cultural storytelling.

Convened by MarkHack in partnership with StatiSense and Brand Communicator, the CMO Circle operates at the intersection of enterprise leadership and national development. Beyond dialogue, the Circle institutionalises its influence through the quarterly CMO Index. This flagship publication aggregates executive sentiment, market intelligence, and forward-looking insights to inform policy conversations and economic decision-making. In doing so, the Circle positions marketing leadership as a critical voice in shaping Nigeria’s business environment and policy direction.

“The CMO Circle is intentionally designed as a premium, outcomes-driven platform—one that moves marketing leadership beyond the boardroom into the sphere of policy influence.

“With Iquo Ukoh and Lolu Akinwunmi as Co-Chairs, we are setting a clear tone of authority, depth, and relevance. Through the CMO Index and our quarterly convenings, the Circle will play a defining role in shaping both industry direction and policy dialogue,” the convener of CMO Circle, Mr Victor ’Gbenga Afolabi, stated.

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