General
Agreement With Niger Delta Avengers Not Breached—FG
By Modupe Gbadeyanka
Federal Government has said it has not in any way breached any agreement it had with the notorious Niger Delta Avengers (NDA).
Last week, the militant group threatened to resume hostilities in the oil rich region over the failure of government to honour its agreements with them.
But while address Political Editors in Lagos yesterday, Minister of Information and Culture, Mr Lai Mohammed, refuted the claims by the group, saying it is totally not true.
The Minister admitted that the threat was unsettling the Federal Government because of its effect on the nation’s economy; he however appealed for calm from the group.
“We are very worried about it (threat) because if the Avengers should start destroying our oil installations, it is going to bring the country back to its knees.
“And that is why we are appealing to them. We have not breached any agreement with them and we will rather appeal to them to understand that there is more to gain by all sides in engaging than in going back to the trenches.
“Even power has improved in the Niger Delta as well as infrastructure. Contractors can now go and work there.
“We are talking of University of Maritime Technology in the Niger Delta, Second Niger bridge and East- West road. I think what they are fighting for will be achieved much more if there is peace and we will continue our engagements with them because it will not be in the interest of anybody to have crisis,” Mr Mohammed told journalists.
Reacting to a question on how Nigerians doubt statements attributed to him, the Minister, who was the spokesman of the then opposition party now the ruling party, said, “I have two burdens. The first is that I happen to be the face of the opposition and PDP has not forgiven me and they will never forgive me.
“I think they look at the magnitude of what has happened to them and they hold me solely responsible; which is not fair.
“But, I did my beat. Now, becoming the face of government again, it is automatic that whatever comes from Lai Mohammed, we must shoot it down as fake news and a lie. Unfortunately, my father gave me the name Lai also.
“So, it makes it very easy for them. But, what I challenge them every time is, please, give me one thing I said that is not true.
“Emotionally, you may not agree with me, but in terms of facts and figures, I have never said anything which they can dispute. You don’t have to like them, but you can’t deny that they are facts.”
On the 2019 polls, the Minister warned Nigerians never to return the PDP to power.
“As to whether we are afraid of whether we are afraid of the PDP staging a comeback, I can confidently tell you that we are not even contemplating it. It will be a tragedy for Nigeria to fall back into the hands of PDP.
“They dropped us in hell and we are taking people out of hell. How can Nigeria now go back to Egypt? It is not about APC or President Buhari. With the kind of revelation that is coming out, the kind of rot, you want those people to come back and preside over the affairs of Nigeria again? What will happen to the investigations that were carried out if the PDP should win elections again? It will be swept under the carpet.
“This is the first time in the history of this country that we are making real recoveries. Just recently, we signed a Memorandum of Understanding (MoU) with the Swiss government to return $321 million that was stolen from the country. This is the first time this country is actually looking at our problems from a realistic and pragmatic viewpoint.
“We are not talking of what we are going to achieve in two years or three years. We are talking about laying a solid foundation for a Nigeria that our children will be able to thrive. Unfortunately, the reform agenda is always longer than the political agenda. In many parts of the world, they plan for 10, 15, 20 years. Nobody plans for four years.
“When you look at our Medium-Term Expenditure Framework (MTEF), we are talking about 2020, even though we know that there may be a change of administration depending on the outcome of the presidential election. But, you do not think in the short term. Nigerians should never pray for PDP to come back.
“When we negotiated with the Swiss government to return late General Sani Abacha’s loot, they gave us some conditions; one of which is that we must identify what programme we want to use the money for and that the World Bank will supervise what we are using the money for.
“When we argued that we are a sovereign country and that they can’t dictate to us how we are going to spend money that was stolen from our country, which they are returning, they said ‘yes, but when we returned part of it to your country under Goodluck Jonathan, you relooted it,’ and that is true.”
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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