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Customs Auctions 30 Kegs of Petrol, Remits Proceeds

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Customs Auctions

By Aduragbemi Omiyale

The Area Controller of the Nigeria Customs Service (NCS) Western Marine Command, Comptroller Abubakar Umar, has said proceeds from the auctioning of 30 kegs of  Premium Motor Spirit (PMS), otherwise known as petrol, recently seized from smugglers, have been remitted to the federation accounts.

Mr Umar made this disclosure while addressing journalists in Apapa Lagos.

He said the 30 kegs of petrol were auctioned after securing approval from the headquarters of the agency.

He listed other items intercepted by his men as 32 sacks of cannabis Sativa with a street value of N168,000,000, 828 bags of foreign rice suspected to be smuggled from the Benin Republic with a  Duty Paid Value (DPV) of N29,684,000, 8 kegs of vegetable oil, 8 packs of spaghetti noodles, 250 sachets of pepper onion tomato, 71 pairs of second-hand shoes, 10 sacks of second-hand clothing and 4 boats and 2 engines as means of conveyance.

Mr Umar noted that the total DPV of the seizures is N190,145,500.

“Due to the nature of the seized item (PMS), the command on the approval of the headquarters auctioned the product and the amount generated as fees have been remitted to the federation accounts,” he said in a statement issued on Friday.

However, it was emphasised that with the approval of the Comptroller General of Customs (CGC), the seized cannabis Sativa will be handed over to the Commander, Marine Unit of the National Drug Law Enforcement Agency (NDLEA), as part of the existing inter-agency collaboration between the two organisations.

In his remarks, the CGC, Mr Hameed Ibrahim Ali, attributed the successes recorded to the commitment of the officers of the command and inter-agency collaboration.

He reassured his commitment to addressing smuggling activities and noted that collaboration with the traditional community leaders would be sustained for mutually beneficial reasons.

“As the Area Controller of the Command, I would continue to operate an open-door policy, give a sense of belonging to all Officers/Men as well as instil discipline, for us to better fulfil the command’s mandate,” Mr Ali said.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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2027: Tinubu Retains Shettima as Vice Presidential Candidate

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tinubu shettima

By Dipo Olowookere

Nigeria’s Vice President, Mr Kashim Shettima, will run as the vice-presidential candidate of the All Progressives Congress (APC) in the 2027 presidential election.

President Bola Tinubu retained Mr Shettima as his running mate for re-election next year, according to the National Chairman of the APC, Mr Nentawe Yilwatda.

In a post on Friday on X, the ruling party chairman described this as “another significant milestone in the journey of our great party.”

He also said it reaffirms the party’s collective resolve to sustain the Renewed Hope Agenda and deepen the progress already being recorded across the country.

It was gathered that Mr Tinubu submitted his presidential nomination forms today through his Special Adviser on Political and Other Matters, Mr Ibrahim Masari.

The submission was done ceremony at the Continental Hotel, Abuja, attended by several party chieftains, including The event brought together an impressive array of leaders of our great party, including the Chairman of the Progressive Governors’ Forum and Governor of Imo State, Mr Hope Uzodimma; Governor Mai Mala Buni of Yobe State, Governor Nasir Idris of Kebbi State, Governor Abba Kabir Yusuf of Kano State, Governor Uba Sani of Kaduna State, Governor Babagana Umara Zulum of Borno State, Governor Ahmadu Umaru Fintiri of Adamawa State, as well as other governors, party executives and critical stakeholders from across the federation.

“The All Progressives Congress remains focused on strengthening its grassroots support, consolidating the achievements of the Renewed Hope Agenda and working together to build a more prosperous, secure and inclusive Nigeria for all,” the party leader stated.

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Abducted Oyo Pupils, Teachers Regain Freedom After 56 Days

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oriire kidnapping Oyo pupils teachers

By Adedapo Adesanya

The pupils and teachers abducted in Oriire Local Government Area of Oyo State have regained their freedom after 56 days in captivity.

The development was disclosed on Friday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on X. He revealed that eight of the kidnappers have been arrested and are now in the custody of the Department of State Services (DSS), while some others were neutralised during the operation.

“Finally, all the kidnapped pupils and teachers in Oriire, Oyo have been rescued by our security agencies,” he wrote.

He said no concession was made to the terrorists to secure the freedom of the abducted pupils and teachers.

Mr Onanuga explained that the kingpin whose release the kidnappers had demanded was neither freed nor spared, as he remains under prosecution for offences linked to his terrorist activities.

The abductions occurred on May 15, 2026, when armed men attacked three schools: Community Grammar School, Baptist Nursery and Primary School, and L.A. Primary School, in the Esiele and Yawota communities of Oriire Local Government Area.

No fewer than 39 pupils and seven teachers, including a principal, were taken during the attacks. During the attack, a teacher, Mr Joel Adesiyan, was killed while attempting to escape.

Another teacher, Mr Michael Oyedokun, was reportedly beheaded in the kidnappers’ den.

The terrorists holding the victims had reportedly made a four-point demand before agreeing to free the captives, including the release of detained terrorist commanders, payment of ransom, two Hilux vehicles and the implementation of Sharia-related law.

The Oyo State Government had consistently maintained that no ransom would be paid to secure the release of any victims.

The Nigeria Union of Teachers (NUT) embarked on a month-long strike in the state to press for the victims’ rescue before suspending the action in July.

It also drew federal intervention, with military and police authorities repeatedly assuring Nigerians that operations to secure the victims’ freedom were ongoing.

The President’s spokesperson said that security agencies would soon provide a comprehensive account of the operation.

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EBID Injects $260m Into Nigeria’s Cross-Border Highway Project

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ECOWAS Bank for Investment and Development

By Adedapo Adesanya

The board of the ECOWAS Bank for Investment and Development (EBID) has approved a $260 million financing package for the construction of a 123-kilometre section of the Trans-Saharan Highway in Nigeria as part of more than $417 million earmarked for strategic projects across West Africa.

The approval was granted during the bank’s 99th Ordinary Session, chaired by its President, Mr George Donkor, according to a statement issued after the meeting. It was noted that the total financing will support five public and private sector projects spanning infrastructure, healthcare, housing, mining, financial resilience and regional connectivity.

EBID said the approved investments underscore its commitment to funding high-impact projects that drive economic growth, create jobs and improve living standards across the sub-region.

“The projects approved during this 99th Board Session demonstrate EBID’s unwavering commitment to financing development solutions that directly improve the lives of West African citizens.

“From clean energy and transport infrastructure to healthcare, housing and financial sector resilience, these investments will strengthen regional competitiveness and support sustainable and inclusive growth across our community,” said Mr Donkor.

That of Nigeria is to improve connectivity, facilitate trade, reduce logistics costs and support economic integration; West African CFA franc (XOF) 10 billion in a line of credit to Banque de l’Habitat de Côte d’Ivoire (BHCI) to expand housing finance and support SMEs operating across the housing and construction value chain; €80 million for the design, construction, equipment and maintenance of the 150-bed Regional Hospital of Ferkessédougou in Côte d’Ivoire under a public-private partnership;

XOF 12.82 billion (West African CFA Franc) for the renovation, operation and maintenance of the Symphonie Building in Abidjan under a public-private partnership and $47.4 million for Azumah Resources Ghana Limited to finance the procurement of long-lead process plant equipment and critical early-stage development activities for the Black Volta Gold Project.

“These approvals advance EBID’s Growth, Resilience and Optimisation (GRO) Strategy, which prioritises transformative infrastructure, human capital development, private sector growth and regional integration. Through these investments, the Bank continues to promote sustainable development and shared prosperity across West Africa,” the statement said.

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