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Momentum Gathers for Second Adire Lagos Experience

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Adire Lagos Experience

By Modupe Gbadeyanka

Stakeholders in the Nigerian textile industry are getting prepared for the second Adire Lagos Experience organised by Ecobank Nigeria Limited.

Momentum is gathering for this event slated for June 9 to 11, 2023, because the first edition, held at the ultra-modern Ecobank Pan African Centre (EPAC) complex in Victoria Island, was the talk of the town.

Participants used the occasion to network and get the latest designs in the local adire fabric.

Ecobank has assured that this year’s programme would be bigger as those expected are top government officials from  Lagos, Ogun and other neighbouring states, the CEO of Adire Oodua Textile Hub and wife of Ooni of Ife, Mrs Ronke Ogunwusi; the CEO of Dye Lab, Ms Joke Ladoja; the Creative Director, Afume Global Concepts, Mrs Funmi Sosanya; and the CEO, Aga Culture & Upbeat, Moyo Ogunseinde, among others.

The event is being partnered with the National Union Textile Garment Tailoring Workers of Nigeria (Adire Sector) and will involve the exhibition of new designs of the fabric.

The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, said the exhibition is part of the bank’s contribution to boosting the nation’s tourism, culture and creative industry using Adire as a key driver, adding that, high profile exhibitors, vendors, dignitaries from different parts of the world have indicated interest to be part of the event.

“The bank was encouraged by the success of the maiden edition last year.  It is in line with our brand promise as a Pan-African Institution to promote culture and boost tourism on the continent.

“We expect topflight exhibitors, expatriates, influencers, dignitaries from all walks of life and members of the public at the three days event,” she said.

Mrs Demola-Adeniyi stated that the event would feature a series of masterclasses and exhibitions, as well as networking opportunities with entrepreneurs, shoppers and everyone interested in the making or trading of Adire, adding that the bank has provided a cosy ambience with utmost serenity to make participants feel comfortable and safe.

She added that, “Participation is free, and you are welcome to invite family and friends to come over to witness the beautiful event.

“This exhibition also presents an opportunity not only to sell and buy products but to experience the luxuriance in our culture.

“In addition to the wonderful display of Adire clothing and products, there will be masterclasses on Adire production, picture-perfect moments, and music to vibe.”

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.

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ICPC to Probe Farouk Ahmed Despite Dangote’s Petition Withdrawal

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ICPC poor funding

By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it would continue the probe of a former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Ahmed Farouk, despite the withdrawal of the petition by Mr Aliko Dangote.

The agency said it had received a “notice of withdrawal” of the petition against Mr Ahmed, submitted by a legal counsel to the petitioner.

Recall that Mr Dangote had alleged that Mr Ahmed, a public servant, spent over $7 million in public funds on the education of his four children in different schools in Switzerland, allegedly paying fees upfront for a period of six years.

In December, the businessman demanded the arrest, investigation, and prosecution of the former MD for allegedly living above his means as a public servant.

In the petition, Mr Dangote listed the children and their schools in Switzerland, including the amount paid for each of them to establish his allegations and verification by the anti-graft agency.

Mr Ahmed denied the allegations, describing them as “wild and spurious”.

The ex-NMDPRA boss has since resigned from his position, prompting a withdrawal of the petition by the businessman.

However, the ICPC said in line with the provisions of sections 3(14) and 27(3) of its enabling law, it would continue to investigate the matter in line with its statutory mandate and in the interest of transparency, accountability, and the fight against corruption for the benefit of Nigeria.

“The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is in receipt of a letter dated January 5, 2026, titled “Notice of Withdrawal of Petition against Engineer Farouk Ahmed,” submitted to the Commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Alhaji Aliko Dangote,” a statement by the spokesperson of the commission, Mr J. Okor Odey, partly read.

“The letter from O. J. Onoja SAN, states that the petitioner has withdrawn the petition dated 16 December, 2025, submitted against Engineer Farouk Ahmed, the immediate past ACE/CEO of the NMDPRA, in its entirety, and that another law enforcement agency has taken over.

“The ICPC wishes to state categorically that, in line with the provisions of sections 3(14) and 27(3) of its enabling Act, the investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing,” the statement added.

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Rivers Assembly Begins Impeachment Proceedings Against Governor Fubara

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tinubu fubara wike

By Aduragbemi Omiyale

Members of the Rivers State House of Assembly have commenced impeachment proceedings against Governor Sim Fubara.

The exercise commenced on Thursday and if successful, it would see the removal of Mr Fubara from office by the state parliament.

This is coming less than less than four months after he was restored as the Governor of the oil-rich state from a six-month suspension on democracy in the state.

In March 2025, President Bola Tinubu suspected Mr Fubara and the Rivers State House of Assembly over political tension between the Governor and his predecessor, Mr Nyesom Wike, who is now the Minister of the Federal Capital Territory (FCT) Abuja.

A peace deal was reportedly brokered by Mr Tinubu between Mr Fubara and Mr Wike but things fell apart a few months after.

The Rivers Assembly is populated by loyalists of Mr Wike and has lawmakers from the All Progressives Congress (APC) and the People’s Democratic Party (PDP).

A few weeks ago, the Governor decamped from the PDP to the APC, in a move described as a masterstroke because it was calculated that it would free Mr Fubara from the grip of Mr Wike, who has been expelled from the PDP but yet to join the APC.

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Dangote Withdraws Petition Against Ex-NMDPRA CEO Farouk Ahmed

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farouk ahmed

By Modupe Gbadeyanka

The petition filed by Mr Aliko Dangote to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the former chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, has been withdrawn.

The businessman had accused Mr Ahmed of using his office to enrich himself and living above his means.

According Mr Dangote, the former NMDPRA chief spent about $7 million belonging to Nigerians for the primary education of his four children in Switzerland.

In the heat of this, Mr Ahmed resigned from the position, with the ICPC promising to further look into the matter.

It was gathered that the owner of the Lagos-based Dangote Petroleum Refinery has withdrawn his petition against Mr Ahmed from the ICPC because a similar complaint is already being investigated by the Economic and Financial Crimes Commission (EFCC).

The ICPC, in a statement signed by its Head of Media and Public Communications, Mr John Okor Odey, on Wednesday said, “The ICPC is in receipt of a letter dated January 5, 2025, titled ‘Notice of Withdrawal of Petition against Engineer Farouk Ahmed’, submitted to the commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Aliko Dangote.

“The letter states that the petitioner has withdrawn the petition dated December 16, 2025, submitted against Engineer Farouk Ahmed, the immediate past ACE/CEO of the NMDPRA, in its entirety, and that another law enforcement agency has taken over.

“The ICPC wishes to state categorically that, in line with the provisions of Sections 3(14) and 27(3) of its enabling Act, investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing.

“The ICPC will therefore continue to investigate this matter in line with its statutory mandate and in the interest of transparency, accountability and the fight against corruption for the benefit of Nigeria.”

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