General
Dredging: Fresh War Brews Between NIWA, Lagos Assembly
By Modupe Gbadeyanka
The maritime industry may be in for another explosive tug of war between the National Inland Waterways Authority (NIWA) and the Lagos State government.
The issue is over dredging activities and the federal agency is spiting fire, saying it is ready to consume the Lagos State House of Assembly, which has triggered the latest fight.
Already, NIWA has sent a letter to the Lagos State government, with copies sent to the Secretary to the Government of the Federation, Mr Boss Mustapha; and Minister of Transportation, Mr Rotimi Amaechi.
The waterways regulatory agency said it will not accept any attempt by the Lagos parliament to overstep its mandate on the extant mining laws of the federal government, which mandates only NIWA to oversight access through the waterways.
In the letter, NIWA said the state legislative arm of government was making moves to ambush its regulatory powers and at the same time interfere in the activities of dredging companies through the composition of a seven-man committee to investigate and make recommendations on dredging activities in Lagos State.
According to the letter signed by the Managing Director of NIWA, Dr George Moghalu, on Tuesday, the agency called on the Lagos State government to caution the leadership of its State House of Assembly to stop forthwith the current posturing which it claimed was a clear breach of a peaceful resolution between NIWA and Lagos State government over a clash of interest on dredging and sundry waterway matters.
Detailing the background to the current impasse, Mr Moghalu stated that, “As a prelude to the full understanding of the matter under reference, you would recall that there was a recent clash between National Inland Waterways Authority (NIWA) and Lagos State Waterfront and Infrastructure Development during which our staff and indeed companies registered with us were arrested by your staff and arraigned before special offences court, the resolution of that imbroglio I believe is still under consideration.”
Warning, however, that Lagos State House of Assembly attempt may position logs in the ongoing efforts to reach an amicable settlement of vexed issues at hand, the NIWA boss drew the attention of the state government to the extant laws on Minerals and Mining Act of the Federal Republic of Nigeria which clearly states that where there are issues arising from the operations of any licenced operator of the Federal Government, Section 141 of the Act and sections 15, 16 and 17 of the regulation made pursuant to the above Act has made copious provision for its resolution.
He further informed the Lagos State government that a ruling of the court of Appeal in Mining cadastral office vs Petroleum and Transport Investment LTD and another (2018) LPEIR 46046 which cleared the air on the vexed issue and further recognizes waterway use permit exclusively within the ambit of NIWA.
“May I in simple words, emphasize that matters within the exclusive list of the Constitution of the Federal Republic of Nigeria are outside the legislative competence of the State government as they are within the competence of the National assembly,” Mr Moghalu restated, urging the state government to respectfully forward his observation to the leadership of the State House of Assembly.
General
4th South Africa Focus Week Begins in Lagos to Strengthen Bilateral Ties
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.
General
EFCC Arrests Ex-Skye Bank Chair Tunde Ayeni Over Alleged Diverted Loans
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.
General
Customs, Police Commence Tighter Security at Ports to Protect Oil Trade
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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