General
Two Coys Lose Assets to AMCON Over N800m Debt
By Adedapo Adesanya
The Asset Management Corporation of Nigeria (AMCON) has taken over the assets of two companies: Safequip Nigeria Limited and R.C. Omeaku & Sons Limited over debts worth more than N800 million.
The assets confiscated by the agency were a commercial property situated at Egbeada, KM 4 Orlu Road; a property at 14, Okigwe Road; 175 Tetlow Road; 2, Douglas Road, 13, Royce Road; and 2, Ogugba Street, all in Owerri, the Imo State capital.
In a statement by Mr Jude Nwauzor, spokesman of AMCON, it was disclosed that before the properties were seized, “all known peaceful means of resolution of (the) debts” were explored including offers of all sorts of support that would enable both companies and their promoters ample timeline to repay their debts to no avail.
According to the spokesperson, Justice Oluremi Oguntoyinbo of the Federal High Court, Lagos Division, ordered (AMCON) absolute and exclusive possession of the property at 20, Babatunde Jose Street, Victoria Island, Lagos, belonging to Safequip Nigeria Limited over its N470 million debt on March 23; while Justice Abdullah Muhammad Liman, also gave another order granting AMCON the possession of seven properties belonging to R.C. Omeaku & Sons.
The order, which was based on earlier one by Justice Ibrahim Nyaure Buba of the FHC, also in Lagos, affected properties located at KM 4, Orlu Road, Egbeada; 14, Okigwe Road; 175 Tetlow Road; 2, Douglas Road, 13, Royce Road; and 2, Ogugba Street, all in Owerri, Imo State, over the company’s failure settle its debt of N340 million to the corporation.
The Safequip Nigeria Limited loan, the statement noted, was acquired “from First City Monument Bank (FCMB) during the second phase of Eligible Bank Asset (EBA) purchases carried out by the corporation in its relatively early days.”
The loan portfolio of R.C Omeaku & Sons Limited was “purchased during both the first and second phase of EBA purchase from Union Bank Plc, and Diamond Bank Plc (now a legacy part of Access Bank Plc) respectively.
Instead, he continued, both “obligors remained recalcitrant and unwilling to repay their debt to AMCON, which led to both cases ending up in court and the eventual order in favour of AMCON.”
Mr Nwauzor, while confirming the enforcements, said the corporation has deployed security agencies at the different locations to secure the assets.
He added that the takeover is just a glimpse of the many heavy enforcements to follow in the coming months, based on the amended AMCON Act 2019 signed into law by President Muhammadu Buhari last year, which provides AMCON with additional powers in its enforcement activities.
General
Dangote, German Firm to Deliver 16,940 Metric Tonnes of Fertiliser
By Adedapo Adesanya
The fertiliser producing arm of Dangote Industries Limited has partnered with Germany’s thyssenkrupp Uhde to license four urea granulation units in Nigeria. These will deliver a combined daily capacity of low-emission 16,940 metric tonnes of the product.
thyssenkrupp Uhde Fertilizer Technology (UFT), a subsidiary of thyssenkrupp Uhde, entered into a strategic agreement with Dangote Fertiliser Limited (DFL) to license its advanced UFT Fluid Bed Granulation Technology for the four new urea granulation units in Nigeria.
The agreement includes the provision of the technology license, a comprehensive Process Design Package (PDP), and the supply of proprietary equipment such as granulators and scrubbers.
Each of the four new units will have a nameplate capacity of 4,235 metric tons per day, significantly boosting DFL’s annual urea granule production from approximately 2.65 million tons to over 8 million tons.
These units will be constructed in Lekki, adjacent to DFL’s existing fertilizer complexes, which have been operating with UFT technology since 2021 and produce 3,850 metric tons per day each.
The new facilities will incorporate UFT’s energy-efficient scrubbing system, designed to minimize pressure drop while effectively controlling dust and ammonia emissions to meet stringent environmental standards.
Additionally, the plants will feature the Ammonia Convert Technology (ACT), which integrates ammonium sulfate byproducts into the urea granules, eliminating waste streams and offering logistical and commercial advantages.
Commenting on the partnership, Mr Nadja Haakansson, CEO of thyssenkrupp Uhde, said: “This partnership with Dangote Fertiliser Limited underscores our shared vision for sustainable industrial development and global food security. By deploying our proven UFT Fluid Bed Granulation Technology, we are setting new standards in efficiency and environmental stewardship in fertilizer production. We are proud to support DFL in building resilient and future-ready value chains.”
In the same vein, President of Dangote Group, Mr Aliko Dangote, said: “We are pleased to deepen our collaboration with thyssenkrupp Uhde Fertilizer Technology for the expansion of our fertilizer operations in Lekki.
“This initiative reflects our commitment to agricultural self-sufficiency and industrial progress across Africa. With UFT technology, we are ensuring the production of high-quality urea fertilizer that meets global standards while reducing environmental impact. This investment further positions Nigeria as a leading fertilizer producer.”
Dangote Fertiliser Limited is one of Africa’s largest fertilizer producers, committed to enhancing agricultural productivity and supporting food security across the continent while thyssenkrupp Uhde’s UFT Fluid Bed Granulation Technology is recognized globally as one of the most advanced solutions for producing urea granules.
Currently, over 70 per cent of the world’s urea granule output is produced using this technology, contributing significantly to global food supply while maintaining emissions well below regulatory limits.
General
JCI Nigeria’s Oluwatoyin Atanda Emerges 2025 Most Outstanding National President
By Modupe Gbadeyanka
The president of the Junior Chamber International (JCI) Nigeria, JCI Senator Oluwatoyin Atanda, has been named as the most outstanding National President for the global youth organisation for the year 2025.
Her emergence was announced on Saturday, November 9, 2025, at a Gala Night of Junior Chamber International (JCI) World Congress in Tunis, Tunisia.
She was chosen as the best out of over 100 national presidents of the global youth leadership organisation because of her outstanding leadership qualities.
Ms Atanda has been a long-standing member of JCI Nigeria since 2009, consistently demonstrating her ability to deliver results through a detailed, values-driven approach.
Over the years, she has earned widespread admiration for her strong work ethic and unwavering dedication to empowering young leaders across Nigeria.
Also, at the World Congress, she received the Certificate of Appreciation on behalf of JCI Nigeria, in recognition of the organisation’s exceptional Global Impact Leadership and contribution to the 2025 JCI Impact Drive.
This honour celebrates Nigeria’s outstanding commitment to advancing the United Nations Sustainable Development Goals (UNSDGs) and shaping the 2025 JCI Impact Report —a testament to the passion, innovation, and dedication of every JCI Nigeria member working to create positive change across communities.
In her remarks, Ms Atanda, who doubles as the Senior Special Assistant to Governor Babajide Olusola Sanwo-Olu of Lagos State on Establishments and Training, as well as the Lagos State Coordinator -AUDA-NEPAD/Governance, dedicated the honour to the entire members of JCI Nigeria, especially members of the 2025 JCI Nigeria Executives, for their commitment to excellence and teamwork.
“This is indeed a very proud moment for me and for JCI Nigeria, we made history today, our ELV8 theme of rising together for a sustainable future, redefining leadership and inspiring others to lead with purpose paid off,” she said.
“When I took over the mantle of leadership of JCI Nigeria in January 2025, I made a pledge to inspire transformational change for the organisation by mobilising Nigeria’s youth, fostering community development, and positioning it as a leader in social impact both locally and globally, and I am glad we have been able to surpass our own expectations,” she added.
JCI is a global youth leadership organisation for people aged 18 to 40, dedicated to creating positive change in their communities.
It operates in over 100 countries and empowers members through leadership development, community projects, and international cooperation in areas such as business and personal growth.
The group provides members with opportunities to develop skills, create impact, and hold leadership positions at local, national, and international levels.
General
Lagos Signs MoUs with Three Investors on Waste Conversion
By Faridat Yusuf
The Lagos State Government has signed three agreements with private investors to turn waste into useful products.
The Director of Public Affairs, Mr Kunle Adeshina, said this in a statement on Sunday, noting that the MoUs were to help reduce the amount of waste in the state.
He said, “The state over the weekend demonstrated its irrevocable commitment to advanced waste conversion.”
According to him, the signing took place during the 11th Lagos International Climate Change Summit.
The Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab, said the government wants to move from the old waste system of “pick and dump” to “conversion of waste to wealth which was more sustainable.”
He said the new MoUs would help reduce the waste that ends up at landfill sites.
“This is through a deposit refund system hinged on the Extended Producer’s Responsibility mechanism (EPRM),” he said, adding that one of the companies, HAK Waste Ltd, plans to establish a circular beverage container bottle recycling and recovery system.
“Haggai Logistics Ltd proposes to build a first-of-its-kind tyre recycling plant. This will be responsible for processing end-of-life tyres via a fully automated Waste Tyre Recycling Factory and deployment of environmentally sound recycling technologies.”
He also said, “Mondo 4 Africa, proposing to convert non-recyclable plastic waste into sustainable fuel and other valuable resources through environmentally friendly technology.”
Mr Wahab said the government would continue to educate residents to sort their waste and see it as a resource.
He said, “We are trying to make people change the culture of seeing waste as waste but waste as a resource. We are also trying to shift their mindset from the practice that has been in use for decades.”
On his part, the Managing Director of LAWMA, Mr Muyiwa Gbadegesin, said, “The state government or LAWMA alone cannot be saddled with the responsibility of managing the quantum of daily generated solid waste in the state.”
“We need the partnership of the private sector to turn waste into a resource and wealth,” he added.
The investors thanked the government for the opportunity and promised to work with the state to achieve its goals.
The event was attended by the Special Adviser on Environment, Mr Rotimi Akodu; the Permanent Secretary, Office of Environmental Services, Mr Omobolaji Gaji; and the Permanent Secretary, Office of Drainage Services, Mr Mahamood Adegbite.
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