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Buhari Wants Terrorism Financing Curbed

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By Dipo Olowookere

President Muhammadu Buhari has emphasised the need to curb the flow of terrorism financing. He made this known while speaking at the meeting of the African Union Peace and Security Council in Addis Ababa, Ethiopia on Saturday, under the theme, ‘Towards a Comprehensive Approach to Combat the Transnational Threat to Terrorism.’

According to him, “The need to curb the flow of terrorism financing cannot be over-emphasised. Concerted efforts must be made to not only dismantle the network between transnational organised crimes and terrorist organisations, but also to block the payment of ransom to terrorist groups.”

President Buhari said Nigeria remained committed to supporting counter terrorism efforts within the African Union and the United Nations, while recalling the UN Resolution 1373 which stressed that “any person who participates in the financing, planning, preparation or perpetration of terrorist acts should be brought to justice.”

The Nigerian leader called for resolute and coordinated initiatives by developing an African Union data base of persons or groups and entities involved in terrorist acts for use by law enforcement agents.

According to him, “Nigeria believes that the timely establishment of this tool at the continental level will be strategic in this fight.”

President Buhari, while expressing Nigeria’s grave concern over the increasing threats posed by transnational terrorism and the attendant humanitarian crisis, also condemned in the strongest terms the continued activities of the terrorist groups in Africa, and around the world.

He called for more concerted action by the African body and the international community to address the global scourge.

In doing that, the President noted that the conditions that are conducive to the spread of extremism, radicalisation and terrorism must first be addressed. Similarly, he said collaborative measures must be taken to disrupt the recruitment of terrorists, their financing networks and the movement of foreign fighters.

President Buhari disclosed that Nigeria has enacted domestic anti-terrorism laws that also deal with related issues such as kidnapping, drug peddling and gun-running.

He, however, noted that, “Terrorism cannot be defeated only through military force and law enforcement measures. We need to adopt a multifaceted approach of good governance, economic development and creation of job opportunities for our youth.”

Linking terrorist activities to climate change, the President reiterated Nigeria’s “important call for global action to support the recharging of the Lake Chad Basin,” which has shrunk by over 80 per cent and has impacted negatively on the livelihood of millions of people in the countries of the Basin.

According to him, “There is considerable evidence that the environmental state of the Lake contributed to the radicalisation of jobless youth who joined Boko Haram.”

In their submissions, the Chairperson of the AU Peace and Security Council, President Abdel Fattah el-Sisi of Egypt, the African Union Commission Chairperson, Moussa Faki Mahamat, and the United Nations Secretary-General, Antonio Guterres, agreed on the real threat of transnational terrorism, and the need for global efforts to curb the negative trend.

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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Tinubu Deploys Army to Kwara, Condemns Terrorist Attack

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kwara state map

By Adedapo Adesanya

President Bola Tinubu has deployed an army battalion to Kaiama district in Kwara State after suspected jihadist fighters killed about 170 people in an overnight attack on Tuesday.

The terrorists stormed Woro and Nuku communities in Kaiama Local Council, according to Kwara State lawmaker, Mr Saidu Ahmed.

The violence highlights fears that jihadist factions prevalent in Northern Nigeria are pushing south along the Niger-Kwara axis toward the Kainji forest.

According to a statement from the Presidency, the new military command will spearhead Operation Savannah Shield to checkmate the barbaric terrorists and protect defenceless communities.

He condemned the attack as “cowardly and barbaric,” saying the gunmen targeted villagers who had rejected attempts to impose extremist rule.

“It is commendable that community members, even though Muslims, refused to be conscripted into a belief that promotes violence over peace,” President Tinubu said in the statement.

The President urged collaboration between federal and state agencies to provide succour to members of the community and ensure that those who committed the atrocities do not go scot-free.

President Tinubu prayed for the repose of the souls of the deceased and condoled with those who lost family members as well as the people and government of Kwara State.

Similarly, suspected bandits stormed Doma community in Tafoki Ward, Katsina State, on Tuesday afternoon, killing several residents, injuring many others and setting vehicles and houses ablaze.

There were conflicting figures over the casualty toll, with police putting the number of deaths at 13, while the executive chairman of Faskari Local Council estimated more than 20.

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NNPC, Chinese Firm in Talks over Nigeria’s Moribund Refineries

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NNPC Crude Cargoes pricing

By Adedapo Adesanya

The Nigerian National Petroleum Company (NNPC) Limited is in talks with a Chinese company over one of the state-owned oil firm’s refineries, the chief executive of the state oil company, Mr Bashir Bayo Ojulari, said.

He said the company was seeking experienced operators as equity partners to revive its four refineries after years of losses and underperformance.

The NNPC chief said an internal review carried out shortly after assuming his role last April showed the refineries were running at huge losses, with high operating costs and heavy spending on contractors while processing volumes remained low.

Mr Ojulari said that the board of the state oil company has approved a strategy to bring in refinery operators with proven expertise rather than contractors, adding it was in advanced talks with several interested parties.

“I’m just coming from a meeting with one of the potential investors,” Mr Ojulari said, without giving a name. “They are going to the refinery tomorrow to inspect. It’s a Chinese company that has one of the biggest petrochemical plants in China.”

The NNPC head stated that operations in the refineries had been put on hold to give time to evaluate potential restoration solutions.

This coincided with the opening of the Dangote Refinery, which provided “breathing space” for the supply of domestic petroleum.

For the past two years, the NNPC has unsuccessfully attempted to fully reactivate the state oil refineries in Warri, Kaduna, and Port Harcourt, which have a combined processing capacity of 445,000 barrels per day but have remained idle for decades.

These endeavors to restore the facilities to operational status have resulted in both public controversy and shifts in strategic direction.

The government initially sought to rehabilitate these refineries, primarily in response to the commissioning of Dangote’s 650,000-barrel-per-day oil refinery; however, this effort proved unsuccessful, necessitating an exploration of potential public-private partnerships.

In October 2025, the NNPC announced its search for new technical private equity partners to facilitate the revival of its long-dormant refineries.

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Senate Passes Electoral Act Amendment Bill, Blocks Electronic Transmission of Results

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Godswill akpabio Senate President

By Modupe Gbadeyanka

The Senate on Wednesday passed the bill to amend the Electoral Act of 2022 after delays, which almost pitched the institution against several Nigerians.

Last week, the upper chamber of the National Assembly headed by the Senate President, Mr Godswill Akpabio, set up a panel to look into the matter, with the directive to submit its report yesterday, Tuesday, February 3, 2026.

However, after the report was submitted yesterday, the red chamber of the parliament said it was going to take an action on it on Wednesday.

At the midweek plenary, the Senate eventually passed the Bill for an Act to Repeal the Electoral Act No. 13, 2022 and Enact the Electoral Act, 2025.

However, some critical clauses were rejected, including the proposed amendment to make is mandatory for the Independent National Electoral Commission (INEC) to transmission election results electronically from polling units to the INEC Result Viewing (IReV) portal.

The clause was to strengthen transparency and reduce electoral malpractice through technology-driven result management.

It also rejected a proposed amendment under Clause 47 that would have allowed voters to present electronically-generated voter identification, including a downloadable voter card with a unique QR code, as a valid means of accreditation.

The Senate voted to retain the existing 2022 provisions requiring voters to present their Permanent Voter’s Card (PVC) for accreditation at polling units, and upheld the provision mandating the use of the Bimodal Voter Accreditation System (BVAS) or any other technological device prescribed by the electoral umpire for voter verification and authentication, rather than allowing alternative digital identification methods as proposed in the new bill.

The Senate also reduced the notice of election from 360 days to 180 days, with the timeline for publishing list of candidates by INEC dropped from 150 days to 60 days.

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