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Diezani Forfeits N34b to FG

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By Dipo Olowookere

Former Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, on Thursday forfeited over N34 billion to the Federal Government.

The final forfeiture which was ordered by Justice Muslim Sulaiman Hassan of the Federal High Court sitting in Ikoyi, Lagos, is made up of various sums of money-N23, 446, 300,000, N9, 080,000,000 and $5 million.

The court had, on January 6, 2017, given an order of interim forfeiture on the money, following an ex-parte application by the Economic and Financial Crimes Commission (EFCC) seeking a similar relief.

However, at yesterday’s hearing, counsel to the second respondent submitted that he wanted “a common sense approach to resolving the matter”, after filing two fresh applications for “abridgement of time” and further counter- affidavit on February 8, 2017.

He further told the court that the value of the N9, 080,000,000, which was the proceeds of illegal activity linked to his client, had changed from what it was last year.

According to him, “For as long as this matter is tied to litigation, the value will continue to diminish. In the spirit of peace, we are currently exploring reconciliatory talks towards seeking an amiable settlement in this matter.”

In his reaction, prosecution counsel said that he had filed a counter- affidavit to “some strange applications” he received from the counsel to the second respondent. He further urged the court to strike out both applications filed by the counsel to the second respondent if the intention was to keep the applications in abeyance.

“It is to arrest your Lordship’s judgment fixed for today. It is like the case of a woman in the delivery room being invited to attend a wedding. If she must attend the wedding, she must first be delivered of the baby. Your lordship had given both of us fair hearing in this proceedings. You had listened to our arguments and received affidavit evidence from us. So, I pray my Lord to remove this clog so that the coast will be clear for my Lord to deliver judgment,” he said.

After listening to both counsel, Justice Hassan stood down the matter in order to rule on the applications.

In his ruling, Justice Hassan dismissed the application of the counsel to the second respondent on the grounds that it was an after-thought.

“It will be prejudicial to allow the application to stay. I will not grant an amendment if the essence is to over-reach the respondent,” he said.

While delivering his judgment later, Justice Hassan ordered that the sum of N23, 446, 3000 and $5m should be forfeited to the Federal Government.

He further said that there was no evidence that the sum of 9.8 billion linked to the second respondent was given to him by friends and family.

The former Minister had allegedly siphoned the money from the Nigerian National Petroleum Corporation (NNPC) and stashed in three banks, including Sterling Bank Plc.

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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FG Initiates Safety, Capacity-Building for Nigerian Dockworkers

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apapa Dockworkers

By Adedapo Adesanya

The federal government says it has initiated safety and capacity-building programmes, including provision of modern protective equipment for dockworkers and riverine transport operators, as part of its commitments for the welfare of dockworkers.

This was made known by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, at the 2025 Day of Dockworkers in Lagos organised by the Nigerian Maritime Administration and Safety Agency (NIMASA) in partnership with the Nigerian Ports Authority (NPA) and the Nigerian Shippers’ Council (NSC).

The event held under the theme, Safe Port, Safe Ship, sought to bring the importance of safe working conditions and enhanced welfare of Nigerian dockworkers to the fore while also highlighting government Initiatives to improve safety standards.

In his keynote address, Mr Oyetola saluted the incredible work of dockworkers adding that their contribution is at the very core of Nigeria’s maritime economy.

The Minister, who was represented by the Director General of NIMASA, Mr Dayo Mobereola, observed that “today reminds us that our dockworkers are vital to creating a maritime industry where safety is assured and productivity increases.

“As dockworkers, you are the first link in the trade chain that fuels our economy and turns the potential of the blue economy into real national growth.

“Furthermore, the Federal Government has initiated safety and capacity-building programmes, including provision of modern protective equipment for dockworkers and riverine transport operators, as part of its commitments. Through NIMASA, we are enhancing safety training, improving emergency response capabilities, and enhancing professional development schemes.”

Also speaking at the event, the President General of the Maritime Workers Union of Nigeria (MWUN), Mr Francis Bunu, praised the Minister of Marine and Blue Economy, as well as agencies under his supervision especially NIMASA, for their commitment to dockworkers welfare.

According to him, “It is a great honour to join all dock workers in celebrating the 3rd edition of Dockworkers Day 2025. On behalf of the Maritime Workers Union of Nigeria (MWUN), I sincerely thank NIMASA, terminal operators, stevedores, and all maritime stakeholders for hosting this event and recognizing the vital role of dock workers in sustaining our nation’s maritime industry.”

He added that, “We deeply appreciate the leadership of the Honourable Minister of Marine and Blue Economy for his remarkable efforts in revitalizing Nigeria’s maritime sector, and the Honourable Minister of Labour and Employment for his steadfast commitment to the welfare and protection of Nigerian workers.”

In his goodwill message, the Minister of Labour and Employment, Mr Muhammadu Dingyadi, who was represented by Mr Emmanuel Igbinosun, Director of Productivity, Measurement and Labour Standards in the Ministry urged all stakeholders to remain committed to the ideals of safe work environment and appropriate remuneration for dockworkers in line with the International Labour Organisation (ILO) standards.

In their separate goodwill messages, the Nigerian Ports Authority, Nigerian Shippers’ Council, Nigerian Association of Stevedoring Operators (NASO), and Seaport Terminal Operators Association of Nigeria (STOAN) all commended dockworkers for their contribution to Nigeria’s maritime industry and pledged committed to ensuring enhanced welfare and safer working environment.

The Day of the Dockworker was organized by NIMASA in collaboration with NPA and NSC with support from the Federal Ministry of Marine and Blue Economy in recognition of the important, often hazardous job of dockworkers as well as raise awareness about Dockworkers.

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Nigeria Needs Cheap, Reliable Energy—Seplat

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Seplat Energy

By Faridat Yusuf

Seplat Energy says Nigeria needs cheap, reliable, and easy-to-get energy for everyone as the population is estimated to reach 237 million by 2025 and 400 million by 2050.

The Chief Operating Officer of the energy firm, Mr Samson Ezugworie, speaking at the 43rd NAPE Conference in Lagos, said, “The imperative before us is clear. We must build a prosperous Nigeria, and we can only do that with affordable and reliable energy that is accessible to all.”

The COO, in a statement issued by company’s Manager for Corporate Communications, Mr Stanley Opara, said over 70 million Nigerians still have no electricity and 170 million people use wood or other biomass for cooking, which is bad for homes and the environment.

“Today, more than 70 million Nigerians still lack access to electricity. More than 170 million people rely on biomass for cooking, and that’s terrible for the environment and for our households. And with Nigeria’s population projected to reach 237 million by 2025 and 400 million by 2050, the urgency to act is undeniable, because today’s problems will become far worse if we don’t take action now to solve them.”

“We will have 160 million more people to feed and house, and we need to create 100 million new jobs. But imagine what Nigeria can achieve if we do?” he queried.

He noted that Seplat Energy was working to produce more oil and gas. They are fixing wells, delivering gas from the ANOH Plant, and sending LPG from Sapele Plant.

“Our progress on gas initiatives like anoh, sapele, and lpg shipments is a testament to our commitment to nigeria’s prosperity. these projects are not just about energy; they are about transforming lives and powering nigeria’s development,” Mr Ezugworie said, adding that Nigerians should manage Nigeria’s resources and work with communities to build a stronger energy industry.

“We must also harness our huge reserves of gas and scale up gas and NGL production to expand domestic energy access, displace polluting imported generators, provide clean cooking for our people, and power our basic industries to support our national growth,” he said.

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NDLEA Teams Up With US, UK to Probe $235m Cocaine Shipment in Lagos

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NDLEA drug syndicate

By Adedapo Adesanya

The National Drug Law Enforcement Agency (NDLEA) is working with its US and British counterparts to investigate the origins of a $235 million cocaine shipment seized at Tincan Port in Lagos, in one of the country’s largest drug seizures.

NDLEA said in a statement signed by its spokesman, Mr Femi Babafemi, on Tuesday that it was working with the US Drug Enforcement Administration (DEA) and the UK’s National Crime Agency (NCA) to investigate after 1,000 kg of cocaine was discovered in an empty container at a terminal in Tin Can over the past weekend.

PTML operators, who noticed the consignment in an empty container, invited port stakeholders, including the NDLEA, Customs, and other security agencies, for a joint examination.

The drugs were formally handed over to the NDLEA on Tuesday after tests confirmed the substance was cocaine.

“After field tests confirmed the shipment to be cocaine, the consignment was formally transferred to NDLEA custody for further investigation on Tuesday, 11 November 2025,” Mr Babafemi said.

The operation followed collaborative engagements between NDLEA Chairman/CEO Mr Mohamed Buba Marwa and the Comptroller General of Customs, Mr Adewale Adeniyi.

“Due to the large quantity of the recovered Class A drug, valued at over $235 million (approximately N338 billion) on the international market, and the global dimension of the cocaine cartel, I directed that our leading international partners be involved in the investigation,” Mr Marwa said.

He revealed that officers from the US-DEA and UK-NCA have already joined the probe, focusing on ensuring all aspects of the operation are covered and that the masterminds behind the consignment are brought to justice worldwide.

“The essence of collaborating with our international partners on this case is to ensure no stone is left unturned, so that every perpetrator of this massive consignment is held accountable, wherever they are located,” Mr Marwa added.

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