General
Firm Launches US1 EB-5 Visa Investment Program in Nigeria
By Modupe Gbadeyanka
A company known as Atlantic American Partners (AAP) has commenced helping potential applicants for the United States EB-5 Immigrant Investor Program in Nigeria.
This visa programme is a convenient way to assist potential investors in Nigeria to secure a hassle-free immigration process to live, work, and attend school in the United States, while also getting a reasonable return on their initial investment.
The EB-5 visa creates opportunity for foreign investors to invest in the United States and become legal permanent residents in the ‘God’s own country’ with a green card, along with several other benefits including the ability to travel to one’s homeland from the United States without a visa, ability to sponsor family members for a green card after becoming a citizen, access to low or no cost- high-quality primary and secondary public education; and thereafter public or private colleges and universities for participants and their children (21 years old and under, unmarried) at the same cost as US citizens.
Down the road, if the applicant desires, he can apply for US Citizenship and sponsor other family members to move to and live in America.
During a business meeting to attract investors from Nigeria, Managing Director of Atlantic American Partners, Mr Daniel Ryan, explained in great detail the EB-5 investor visa program, along with its remarkable benefits.
He stated that “the EB-5 visa was introduced in 1990 by the United States Congress and has since enabled a large number of families to live the American dream by granting them permanent residency through investments made in ‘trophy’ new commercial real estate investments such as luxury hotels, luxury rental apartments/flats, and most recently; high-quality student rental housing at American Universities.
“The EB-5 program requires each EB-5 investor to invest $500,000 in the United States with projects that Atlantic American Partners oversees as ‘trustee’ that will yield at least 10 permanent jobs, per applicant, for United States citizens.”
Mr Ryan also said it was important to note that “dual citizenship” between USA and Nigeria is available, adding another tangible benefit to invest in this program.
AAP partners with the highest quality property developers in the US. Annually, AAP reviews over 300 investment request submittals from high-quality property developers, and chooses only 3-4 per year, due to strict underwriting criteria and conservative financial strategic investing.
According to Mr Ryan, acquiring the green card under the EB-5 investment program is a two-part process, with the first step referred to as the “I-526” which is taking about 18-24 months at present for approval; after the $500,000 investment has been made, along with a $45,000 administrative fee payable to AAP which covers the cost to provide audited financial statements and all administrative needs for the investor throughout the entire EB-5 process, including quarterly newsletter updates. In addition, AAP will assist the applicant in hiring a top-notch international immigration EB-5 law firm, based in USA, that is familiar with African culture and provides excellent legal consultation and processing of the actual USCIS application documentation.
The immigration attorney will assist in filing the paperwork in this first step in the process, referred to as the “I-526”.
He said, “Following approval, a conditional green card is then issued, which provides the full benefits of an actual green card, pending in due time the job creation requirement is proven. After 21 months from I-526 approval, the investor with the guidance by AAP and the immigration attorney can file for the second part of the application process referred to as the ‘1-829’. Once the 1-829 application is approved, the conditional green card would then be converted into a permanent green card.”
Atlantic American Partners works for investors by engaging and investing in projects that will ensure job creation, thus enhancing the opportunity of permanent residency. AAP also offers investors an array of solutions to ensure a profitable and successful investment portfolio including a diversified fund model which enables an investor to own an equal share in a fund invested in multiple projects; not just one commercial real estate investment project, as many of AAP’s competitors provide, lowering the investment risk.
This unique model by Atlantic American Partners not only diversifies investment risk; but also precludes the loss of capital, which in turn helps investors get their money back with profit made through capital gains, along with a 2 percent annual interest rate paid to the applicant each year (equal to $10,00 per year), when the diversified properties held in each “fund” are liquidated (sold).
AAP is unique in the EB-5 investor visa industry by including a “sunset” clause in the investment document agreements that state it has the right to sell the assets no later than 6 years after the project has begun. This is another advantage to investing with Atlantic American Partners.
Atlantic American Partners is part of a 45-year old investment banking firm (www.ceaworldwide.com) that had been involved more than $40 billion in equity and debt transactions in a variety of industries and fields in over 100 countries around the world.
It commenced operations in Africa in early 2018 and has recorded tremendous success in South Africa, Kenya and Ghana; with numerous applications exceeding projection before coming to Nigeria.
To date, Atlantic American Partners has helped over 600 families with their EB-5 immigration process, completed successfully 29 projects, invested more than $300 million, and has a 100 percent approval rate on applicant I-526 and I-829 project immigration approvals.
General
Nigeria, Ghana Sign Bilateral Maritime Cooperation
By Adedapo Adesanya
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Ghana Maritime Authority (GMA) have signed a Memorandum of Understanding (MoU) to strengthen bilateral maritime cooperation, enhance regional maritime governance, and promote the sustainable development of the Blue Economy across West Africa.
Speaking during the signing ceremony in Lagos, the Director General of NIMASA, Mr Dayo Mobereola, expressed appreciation to Ghana for its support during Nigeria’s successful re-election to the International Maritime Organisation (IMO) Category C Council, noting that the longstanding relationship between both countries continues to advance maritime development within the region.
He stated that the MoU provides a practical framework for deeper collaboration in maritime safety and security, mutual recognition of Certificates of Competency (CoC), institutional capacity building, knowledge sharing, comparative research, joint enforcement initiatives, and regional cooperation at international maritime fora.
According to Mr Mobereola, the partnership must be driven by measurable outcomes through a structured implementation process.
“We will continue to work together to grow our economies and make the maritime sector safer. This Memorandum of Understanding is a commitment to do better. NIMASA will fully play its part in implementing the agreement, while both institutions must establish annual implementation agendas to monitor progress and deliver tangible results,” he said.
The NIMASA DG noted that Nigeria and Ghana, as leading maritime nations in the sub-region, have a shared responsibility to shape the future of maritime development in West and Central Africa.
He added that the partnership should generate benefits that extend beyond both countries by fostering regional and sub-regional collaboration capable of unlocking the enormous potential of the Blue Economy.
Under the agreement, both maritime administrations will establish a Joint Consultative Team (JCT) to develop action plans, coordinate implementation, and monitor agreed programmes through designated focal persons.
The JCT will meet twice yearly, with meetings hosted alternately by Nigeria and Ghana to review implementation progress, evaluate cooperation activities, and strengthen bilateral engagement.
The MoU is expected to improve maritime governance, strengthen institutional capacity, promote evidence-based policymaking through comparative research, enhance regulatory effectiveness, and reinforce collaborative efforts to combat piracy, armed robbery at sea, and maritime terrorism, particularly within the Gulf of Guinea.
Earlier in his remarks, the Director General of the Ghana Maritime Authority, Mr Kamal-Deen Ali, described the agreement as a significant milestone in the longstanding relationship between both maritime administrations.
He acknowledged Nigeria’s leadership role within the region, noting that Ghana has over the years drawn valuable lessons from several Nigerian maritime initiatives, including the country’s Cabotage regime, ship registry, and regulatory frameworks.
“This Memorandum of Understanding consolidates an already mutually beneficial relationship. Ghana remains fully committed to implementing every aspect of the agreement as we continue to learn from one another and work together to strengthen maritime administration across the region,” he said.
The signing of the MoU underscores the commitment of both maritime administrations to advancing regional integration, improving maritime safety and security, and promoting sustainable economic growth through stronger institutional collaboration.
General
SERAP Questions NASS on N1.3bn Budgetary Allocation to Phantom Presidential Council
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has asked Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas to explain how over N1.3 billion was allocated in the 2026 Appropriation Act to a presidential council that the Presidency has described as non-existent.
In a Freedom of Information (FoI) request dated July 4, 2026, and signed by its Deputy Director, Mr Kolawole Oluwadare, SERAP demanded certified copies of all documents relating to the approval of the N1,302,978,784 allocation to the Presidential Foreign Intervention Promotion Council (PFIPC), also referred to in the budget as the Presidential Economic Advisory Council.
The organisation also urged the leadership of the National Assembly (NASS) to immediately invoke its investigative powers under Sections 88 and 89 of the 1999 Constitution (as amended) to probe the circumstances surrounding the allocation and identify those responsible for any irregularities.
SERAP further requested records identifying the lawmakers and committees that considered and approved the allocation, as well as the public officials who appeared before the committees to defend the proposed funding.
It also asked the parliament to clarify whether the allocation formed part of the Executive’s original 2026 Appropriation Bill or was inserted during the legislative process. The group also sought to know whether any lawmaker questioned the legal status or operational mandate of the council before the budget was passed.
According to the group, the request became necessary following conflicting claims over the existence of the council, noting that while the 2026 Appropriation Act reportedly earmarked more than ₦1.3 billion for the PFIPC/Presidential Economic Advisory Council, the Presidency has since publicly stated that the body was never established by the Federal Government and is fictitious.
The rights organisation said the contradiction raises serious concerns about the integrity of Nigeria’s budget process, legislative oversight, public financial management and accountability.
“Nobody has a more sacred obligation to obey the law than those who make the law,” SERAP said, stressing that the National Assembly has a constitutional duty not only to approve budgets but also to thoroughly scrutinise Executive proposals before authorising public spending.
It argued that Nigerians have a right to know whether public funds were appropriated for an entity that was not lawfully established and, if so, how the allocation found its way into the national budget.
According to the organisation, making the requested documents public would enable citizens to determine whether the National Assembly fulfilled its constitutional responsibilities in scrutinising and approving the allocation.
SERAP warned that if the requested information is not provided within seven days of receipt or publication of the FoI request, it would initiate legal proceedings to compel the National Assembly to disclose the records.
It maintained that releasing the documents would strengthen public confidence in the credibility of the National Assembly, enhance transparency in the appropriations process and promote accountability in the management of public funds.
The group also cited the Freedom of Information Act, the Nigerian Constitution and Nigeria’s obligations under international human rights instruments, arguing that public institutions are required to proactively disclose information of significant public interest, particularly where allegations of financial impropriety or misuse of public resources have arisen.
General
Higher Allocations to States, Renewed Investments Thrill Tinubu
By Adedapo Adesanya
President Bola Tinubu has said state governments are now receiving substantially higher allocations to drive development, while renewed investor confidence is attracting fresh investments into Nigeria.
Speaking at the maiden State House Media Dinner in Abuja on Thursday, the president described the development as evidence that his administration’s economic reforms are beginning to deliver positive results.
He defended the reforms introduced by his administration, acknowledging that they were difficult but necessary to reposition the economy for sustainable growth.
According to Mr Tinubu, stronger public revenues have enabled increased allocations to states, while improvements in the investment climate have boosted confidence among domestic and foreign investors.
“The difficult but necessary reforms undertaken by this administration are yielding results. Our economy is stabilising. Public revenues have strengthened significantly,” he said.
“State governments are receiving substantially higher allocations to support development. Investor confidence is returning.
“Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth. Key economic indicators are moving in the right direction,” Mr Tinubu stated.
The president also said the administration was laying the groundwork for long-term prosperity through a combination of tax and fiscal reforms, infrastructure development and improvements to the business environment.
“Through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy,” he said.
Although acknowledging that more work remains, Mr Tinubu maintained that the country was firmly on the path to sustainable economic growth.
“The journey is not yet complete, but the direction is clear, and the foundations for long-term growth are being firmly established,” he added.
On security, the president said his administration had sustained a multi-dimensional strategy that has produced measurable gains across different parts of the country.
He noted that intensified military operations, improved intelligence gathering, stronger inter-agency coordination, and expanded regional and international cooperation had led to the neutralisation of thousands of terrorists and criminal elements, the rescue of numerous hostages, and the recovery of communities previously under siege.
President Tinubu reiterated his administration’s commitment to ensuring peace and security across the country, saying every Nigerian should be able to live, work and prosper without fear.
The president also commended the media for its contribution to Nigeria’s democratic development while urging journalists to uphold professionalism by reporting accurately and responsibly.
“We are adversaries only in the democratic sense, as the media constantly distrust those in power. In nation-building, we are partners,” he said.
He described government and the media as institutions with complementary responsibilities, noting that while government serves through leadership and public policy, the media serves by holding those in power accountable on behalf of the people.
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