Connect with us

General

Dangote Donates N8bn to IBB Presidential Library

Published

on

ibb presidential library

By Modupe Gbadeyanka

The president of Dangote Industries Limited, Mr Aliko Dangote, has donated N8 billion to the presidential library in honour of Nigeria’s former Military President, Mr Ibrahim Badamasi Babangida, popularly known as IBB.

The retired military general launched an autobiography in Abuja on Thursday, with President Bola Tinubu, and former President Goodluck Ebele Jonathan and other past presidents in attendance.

At the event, Mr Dangote described Mr Babangida, who annulled the popular June 12, 1993, presidential election won by late MKO Abiola, as the architect of private sector in Nigeria.

He promised to give N8 billion, to be paid N2 billion annually, for the IBB Presidential Library, noting that if the project extends beyond the four-year completion timeframe, he will continue to donate N2 billion annually until it is finished..

The richest man in Africa commended Mr Babangida for his transformative policies that encouraged Nigerian investors to play prominent roles in the economy.

He particularly highlighted the abolition of import licences, which helped stimulate domestic industries. These reforms, among others, ensured that Nigeria now has more private sector involvement than any other country in Africa.

This shift, he said, led to a contribution of 85 per cent of the country’s GDP from the private sector, while the government contributes just 15 per cent.

“I would like to express my sincere gratitude for all you have done for Nigeria. Many may not realise that you were the architect of the private sector in Nigeria.

“Anyone in the private sector who has achieved prominence today owes it to you, as you provided us with the necessary licences. In the past, we used to struggle to obtain licences through intermediaries, including Indians,” he said at the unveiling of the book titled A Journey in Service.

Mr Dangote recalled how Mr Babangida’s policies facilitated the growth of Nigerian businesses, enabling them to thrive.

“In 1986, you abolished the requirements for import licences, and it was because of that decision that we were able to reach the highest levels of growth. I recall a day when you granted almost 30 of us banking licences. You also instructed five Nigerians to pay N1 million each for oil blocs,” he stated.

On his contribution to the IBB Presidential Library project, Mr Dangote said, “Based on what I have observed, I believe this project will require at least four years to complete. I would like to contribute N2 billion each year for the next four years, amounting to N8 billion in total. Should the project extend beyond four years, I will continue to contribute N2 billion annually.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

NDLEA Arrests Lagos Pastor, Wife Transporting 11kg Skunk

Published

on

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.

Continue Reading

General

I Don’t Make Empty Promises to Electorate—Gaya

Published

on

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.

Continue Reading

General

Tinubu Approves N3.3trn to Clear Power Sector Debts

Published

on

Electricity Tariff Hike

By Aduragbemi Omiyale

The sum of N3.3 trillion has been approved by President Bola Tinubu to finally clear the outstanding debts in the power sector.

A statement issued on Sunday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, said the “long-standing debts accumulated between February 2015 and March 2025.”

It was stated that the payment plan for the debts under the Presidential Power Sector Financial Reforms Programme should restore ​reliable electricity to the country.

“Following verification, N3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution,” a part of the statement noted.

“Implementation has begun, with 15 power plants signing settlement agreements totalling N2.3 trillion. The federal government has already raised N501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway,” it added.

The statement said, “With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.”

“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” the Special Adviser to the President on Energy, Ms Olu Arowolo-Verheijen, was quoted as saying in the statement.

“It is part of a broader set of reforms already underway — including better metering and service-based tariffs that link what you pay to the quality of electricity you receive.

“The government is also prioritising power supply to businesses, industries, and small enterprises — because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy.

“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” she added.

President Tinubu has commended all stakeholders who supported efforts to resolve the legacy issues in the power sector. He has also confirmed that the next phase (Series II) will begin this quarter.

Continue Reading

Trending