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AfDB Approves $75m Loan for Nigeria’s Indorama

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loan for Nigeria's Indorama

By Adedapo Adesanya

The African Development Bank (AfDB) approved a $75 million loan for Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited as part of a $1.25 billion facility arranged by the International Finance Corporation (IFC), which will enable the firm to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets while fostering job creation in the country.

According to a statement released on Thursday by the Acting Director of the Industrial and Trade Development Department for AfDB, Mr Ousmane Fall, its involvement aligns with strategic priorities to feed and industrialise Africa while generating significant development outcomes in Nigeria

Business Post reported last week that the financing package includes a $215.5 million loan from IFC’s account, a $94.5 million loan through the Managed Co-Lending Portfolio Program (MCPP), and $940 million in parallel loans mobilized from other development finance institutions and commercial banks, such as the AfDB, Bangkok Bank, British International Investment, Citibank, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), DZ Bank, Emerging Africa Infrastructure Fund (EAIF), Rand Merchant Bank, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), Export-Import Bank of India (India Exim Bank), Export-Import Bank of Korea (KEXIM), the Standard Bank Group, Standard Chartered Bank, and the United States International Development Finance Corporation (DFC).

The loan usage will include the development of a third urea fertilizer production line and a new shipping terminal at Indorama’s facilities in Port Harcourt. The new production line is expected to have an annual capacity of 1.4 million metric tons of urea, one of the most widely used fertilizers worldwide.

Already, Indorama’s two operational urea fertilizer lines serve Nigeria’s domestic market, supporting the country’s agricultural sector, which accounts for a quarter of its GDP and employs about a third of its labour force. The new production line and terminal, which will help meet the growing global demand for fertilizer, are expected to create up to 8,000 direct and indirect jobs in Nigeria.

Speaking on the development, Mr Manish Mundra, Group Director for Africa, Indorama Corporation, said, “The establishment of this fertilizer plant underscores Indorama’s unwavering commitment to Nigeria’s industrial growth, economic diversification, and leveraging its strategic geographic location.

“This landmark financing represents a pivotal moment in Nigeria’s journey towards becoming a major player in the global fertilizer market. With the addition of this third line, Nigeria is prepared to significantly ramp up its export capacity, thereby enhancing its position as a key exporter of fertilizers to Africa and the world.

“Furthermore, the establishment of this fertilizer plant will not only address critical issues such as broader food security but will also stimulate agricultural growth and create employment opportunities in Nigeria.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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NDPC Probes Alleged Data Breach Involving Remita, Sterling Bank

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Sterling Bank

By Adedapo Adesanya

The Nigeria Data Protection Commission (NDPC) has launched an investigation into an alleged data breach involving Remita Payment Services Limited, Sterling Bank, and other entities, as part of efforts to safeguard personal data and strengthen compliance within Nigeria’s digital ecosystem.

In a statement issued on Sunday by its Head of Legal, Enforcement and Regulations, Mr Babatunde Bamigboye, the commission said, in line with its procedures, a Notice of Investigation was duly served on April 1, 2026.

The agency noted that relevant parties and individuals have been providing information to support efforts to address the incident, adding that the investigation aims to ensure data subjects are adequately protected through appropriate technical and organisational measures.

“The investigation by NDPC covers, among others, the types of personal data involved, the nature and scope of the alleged breach, the risk to data subjects, and the mitigation measures taken where a breach is confirmed,” the statement said.

Meanwhile, the chief executive of NDPC, Mr Vincent Olatunji, has directed that organisations using digital payment systems without implementing the required technical and organisational safeguards, as mandated under the Nigeria Data Protection Act, 2023, will also be examined.

The organisation said this forms part of a broader effort to ensure the integrity and security of Nigeria’s data protection ecosystem.

Data breaches have risen in the last few years, with a 2025 report from Surfshark, a cybersecurity firm, ranking Nigeria third in Sub-Saharan Africa for total breaches since 2004, with 23.2 million compromised accounts.

In September 2024, a hacker identified as Addka72424 released a dataset containing 3.3 billion email addresses, which included 2,555,642 Nigerian accounts. The hacker described it as a “small” experiment to show how much data is freely available online.

This latest development further exposes how cyberthreats continue to evolve, and attackers are constantly adapting their tactics.

The Nigerian government has now launched a national cyber coordination council towards tackling the rising threat.

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NDLEA Arrests Lagos Pastor, Wife Transporting 11kg Skunk

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CCC Pastor Afolabi Hodonu Skunk

By Modupe Gbadeyanka

The pastor in charge of the Celestial Church of Christ at Agonvi Sea Beach in the Sakpo area of Seme border, Badagry, Lagos State, Mr Afolabi Hodonu, has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA).

The 45-year-old cleric was apprehended on Thursday, April 2, 2026, alongside his 35-year-old wife, Mrs Success Hodonu, with blocks of skunk weighing about 11kg.

A statement issued on Sunday by the spokesman of the NDLEA, Mr Femi Babafemi, disclosed that the couple were stopped at the Gbaji checkpoint, and a search of their Honda Pilot SUV led to the recovery of the drugs concealed in hidden parts of their vehicle.

Their arrest followed the apprehension of a fake security agent, Mr Sunday Samuel, 35, at the same checkpoint on Monday, March 30, while conveying 24.5kg of skunk from the Seme border to Lagos.

The statement further disclosed that NDLEA operatives also successfully dismantled a drug trafficking syndicate in high stakes intelligence led operations that lasted three weeks during which cocaine consignments concealed in tins of palm kernel extract heading to the United Kingdom were intercepted and the warehouse where the shipments are packaged raided, while all three layers of the group were unravelled, leading to the arrest of the kingpin.

The breakthrough began on Wednesday, March 11, 2026, when NDLEA officers of the Murtala Muhammed International Airport (MMIA) Strategic Command, Ikeja, Lagos, intercepted 3.10 kilograms of cocaine at the export shed of the airport. The illicit substance was meticulously hidden inside tins of palm kernel extract intended for shipment to the UK.

​Two suspects handling the shipment, Idris Olayiwola Amoo and Akinlami Akinsoji Adedoyin, were promptly arrested.

To unravel the sender and the arrowhead of the drug syndicate, a well-coordinated sting operation was carried out on Thursday, April 2, leading to the arrest of Ezemuwo Joel, who operates under a fake identity as Ajayi.

​His arrest provided the link to the syndicate’s head, 52-year-old King Arinze, who was flushed out of a hideout in the Isolo area of Lagos.

He was thereafter taken to his warehouse at 11, Ola Ifa Street, Bucknor, Isolo, where NDLEA operatives recovered 886 tins of palm kernel extract prepared for drug concealment; industrial tools, including a sealing machine, tin openers, paint sprays, 52 grams of cannabis sativa and a pack of hand gloves. Arinze has since confessed to personally draining the oil from the tins to conceal the cocaine.

​In a separate operation in Borno state, NDLEA operatives on Wednesday, April 1, intercepted a female drug supplier to bandit groups operating between the North East and Chad, 28-year-old Aisha Adamu. She was arrested along the Gamboru Ngala road in possession of 4.3 kilograms of Colorado, a potent synthetic strain of cannabis.

In Adamawa State, NDLEA officers on patrol along Namtari road, Yola South, on Monday, March 30, intercepted a trailer marked RUW 947 XA transporting 48,000 pills of tramadol. The truck driver, Abdulaziz Ismail Korede, was arrested while a follow-up operation led to the arrest of the recipient, Idris Adamu.

While 60-year-old Idiatu Oladejo was arrested with 15kg of skunk in Isale Osun, Osogbo, Osun state, on Wednesday, April 1, NDLEA operatives, acting on credible intelligence, raided the Itaogbolu forest, Akure, Ondo State, where they recovered 351 kilograms of skunk and its seeds. No fewer than 28,600 capsules of tramadol were seized from a 66-year-old Aminu Usman Gembu when he was arrested at Aliade, Benue state, on Wednesday, April 1.

In Edo State, a suspect, Roland Owie, 37, was arrested on Monday, March 30, following the raid of his warehouse at Egbanke community, Orhionmwon LGA, where 1,378 kilograms of skunk were recovered.

A notorious drug dealer, 40-year-old Ayantola Omodunmomi (a.k.a Iya Elle) was on Wednesday, April 1, arrested at Eleta area of Ibadan, the Oyo State capital. Her arrest follows intelligence and surveillance on how she uses her 11-year-old daughter, Anjola, to deliver illicit drugs to her customers. At the time of her arrest, a 45.6kg skunk was recovered from her warehouse.

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I Don’t Make Empty Promises to Electorate—Gaya

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Abdullahi Mahmud Gaya

By Abba Dukawa

A chieftain of the ruling All Progressives Congress (APC), Mr Abdullahi Mahmud Gaya, reaffirmed his commitment to purposeful leadership, declaring he is not given to making empty promises to the electorate.

The politician, who intends to represent the Ajingi, Gaya, and Albasu Federal Constituency in the National Assembly in the 2027 general elections, stressed that his record of performance over two consecutive terms stands as clear evidence of his capacity and credibility, noting that his tenure has consistently delivered beyond expectations.

According to him, governance should be measured by tangible results rather than rhetoric, and his track record reflects a sustained dedication to the welfare and development of his constituency.

Speaking on Sunday while receiving various support groups at his residence in Kano, Mr Gaya reiterated his resolve to consolidate on past achievements and continue championing policies that will advance the collective interests of his people.

He urged them to return to their respective wards, villages, and towns to enlighten the electorate on the visible developmental strides recorded across the constituency over the past three years under his leadership, emphasising the need for voters to clearly distinguish these achievements from previous representations.

Mr Gaya further stated that there is no retreat in his resolve to contest the seat, stressing that the election is not about personal ambition, but about the collective well-being and continued progress of the people across the three local government areas.

He also urged them to take note that the Electoral Act 2026 outlines two methods through which political parties can nominate candidates, adding that these methods are direct primaries and consensus. Direct primaries involve all registered party members voting to choose their candidates, while the consensus method requires aspirants to voluntarily agree on a single flag bearer.

Speaking on behalf of various support groups, Mr Ismaila Ado, who has benefited from a monthly allowance as a volunteer teacher in one of the schools constructed during his tenure, stated that in addition to the allowance, the politician also facilitated his permanent appointment in the Kano State Ministry of Education.

Also speaking, an elder of the APC in Gaya Local Government Area, Mr Iliyasu Muhammad Gamoji, noted that prior to 2015, the communities of Ajingi, Gaya, and Albasu suffered from years of neglect and slow development.

He explained that when Mr Gaya represented the constituency in the House of Representatives, he did so with a strong commitment and a clear sense of responsibility.

He added that, over time, the lawmaker’s efforts brought tangible progress that positively impacted many lives, noting that roads were constructed, schools were improved, and the communities began to receive renewed attention and meaningful government support during his tenure.

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