General
EFCC Begs World Bank for $42.12m

By Dipo Olowookere
The Economic and Financial Crimes Commission (EFCC) has appealed to the World Bank Group for the sum of $42.12 million to enable it use for the completion of its permanent site in Abuja.
Acting Chairman of the EFCC, Mr Ibrahim Magu, disclosed that the approval of the money would go a long way in enabling the agency achieve more successes.
Mr Magu said at the moment, the EFCC carries out its operations in rented offices scattered around town, exposing the commission to risk of confidentiality and coded surveillance by outsiders.
The EFCC boss, while receiving the Director of Governance Global Practice at the World Bank, Mr Ed Olowo-Okere, in his office in Abuja on Thursday, acknowledged the great assistance the commission had been receiving from the World Bank and other development partners saying, “The assistance has in no small measure contributed to the successes recorded by the EFCC so far.”
“When we started the EFCC, there was no money. We borrowed money from Bureau of Public Enterprise (BPE) for effective take-off of our operations.
“When the international community saw the sincerity in us, how we were able to arrest and put in cell those high profile criminals that nobody dared to touch before, they got convinced by our commitment towards prosecuting the anti-corruption war,” he said further.
Mr Magu noted that, “We got a lot of attention from development partners particularly the World Bank, who gave us a lot of money that was used to construct the EFCC Academy. Britain and America too are also of tremendous support.”
He expressed concern over the delay usually experienced in dispensing corruption cases and the conspiracy (in some cases) between the criminals and judicial workers/law enforcement agents to make violators of law escape justice, citing the case of a former governor of Adamawa State who was set free with the connivance of a prison warder and court registrar after being convicted by court.
Expressing the passion the EFCC has for the war against corruption, Mr Magu said, “EFCC needs training in money laundering as it is still a new concept which most judges and prosecutors still need to better understand”.
The anti-graft czar also informed the delegation of the low budgetary allocation to EFCC expressing his desire to have the construction work on the Commission’s permanent site completed this year for effective performance.
Mr Magu, while commending President Muhammadu Buhari for making corruption fight a cardinal focus of his administration said, “the proposal of $42.12 million made to the World Bank, if gotten will go a long way in the completion of our permanent site as most of our offices are rented and scattered around town, exposing us to risk of confidentiality and coded surveillance by outsiders.”
Other needs listed by the EFCC boss included, ICT infrastructure, upgrading of the forensic laboratory, surveillance tools and operational vehicles.
In his remarks, Mr Olowo-Okere said the global financial institution would provide support to the anti-graft agency in the area of infrastructure and capacity building to further strengthen the anti-graft war in Nigeria.
Acknowledging the tremendous work of the EFCC and the feat it had attained in the last 14 years of its establishment, he said the World Bank would ensure it supports the agency in any area possible to further enhance its operations.
“We are preparing an operation called ‘Economic Governance Project’. It is supposed to be a follow-up project to the one approved by the World Bank in 2004.
“The Ministry of Finance has said that one of the agencies they would like us to work with and support under the project is EFCC. We are here today to start that conversation,” Mr Olowo-Okere said.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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