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FG Doles Out N5.7Bn to 2011 Post Election Violence Victims

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Federal government has approved the release of a total sum of N5,7 billion  to nine states of the federation for direct disbursement to those who suffered losses of properties, means of livelihood and places of worship in the post election violence of 2011.

It will be recalled that following the post election violence and civil disturbances in some states after the April 2011 elections President Jonathan set up a Panel of Enquiry headed by Sheik Ahmed Lemu to among other things, identify the spread and extent of losses suffered across the country.

Following the submission of the Lemu Panel’s report and its adoption by the Federal Executive Council, the Federal Ministry of Lands and Housing was mandated to assess the reported losses and damage to properties in all affected states.

Based on the Ministry’s report, Reuben Abati, special adviser to the President, (Media & Publicity) said, President Goodluck Jonathan has approved the release of funds to nine of the 14 affected states as follows: Bauchi-N1,574,879,000.00, Sokoto-N55,888,506.00, Zamfara-N93,253,485.00, Niger-N433,375,875.00, Jigawa-N208,667,634.00, Katsina-N1,973,209,440.00, Kano-N944,827,000.00, Adamawa-N420,089,840.00, Akwa Ibom-N43,504,000.00

President Jonathan has also directed that an Implementation Committee for the disbursement of the funds to beneficiaries in the nine states be constituted as follows: Executive Governor or Deputy Governor  as Chairman, Representative of State Government as Member, Secretary of the Sheik Lemu Panel-Member, Representative of the OSGF-Member and Representative of the FMLH&UD as Member

Inspection and assessment of damages and losses suffered are yet to be carried out in Borno, Yobe, Gombe, Kaduna and Nasarawa states as modalities and further instructions for the exercise are still being expected from the state governments.

Funds to cover the losses sustained by victims of the post election violence in theses five states will be approved and released at the conclusion of the assessment exercise.


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Court Affirms FCCPC Authority over Consumer Protection

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Federal High Court in Abuja has upheld Federal Competition and Consumer Protection Commission’s (FCCPC) authority to investigate consumer complaints and enforce regulatory oversight in Nigeria.

Court Affirms FCCPC Authority over Consumer Protection

Tunji Bello, EVC/CEO, FCCPC

In a statement signed by Ondaje Ijagwu, director, Corporate Affairs, the Commission said that in the judgment delivered by James Omotosho on April 20, 2026, the court dismissed a suit filed by Air Peace Limited challenging the Commission’s statutory powers.

The ruling affirmed the Commission’s mandate under the Federal Competition and Consumer Protection Act, 2018 to “receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.”

Reacting to the decision, Tunji Bello, executive vice chairman and chief executive officer of the Commission, said; “the judgment reinforces the importance of regulatory oversight in safeguarding consumers and ensuring fair market practices.”

Bello explained that the case stemmed from complaints involving “unrefunded ticket fares, cancelled flights, and other service concerns affecting passengers.”

Bello stressed that consumers who pay for services are entitled to fair treatment, transparency, and redress in accordance with applicable law.

He also said that investigations conducted by the Commission are administrative processes aimed at establishing facts.

“It does not amount to a finding of liability or wrongdoing,” he said.

The FCCPC boss further reiterated the agency’s commitment to due process and constructive engagement with businesses, noting that the Commission would continue to operate in a “fair, professional, and transparent manner.”

Bello also urged companies operating in Nigeria to cooperate with lawful regulatory procedures and strengthen internal complaint resolution mechanisms to address consumer grievances promptly.

The Commission said it will continue to act within its statutory mandate to protect consumers, promote competitive markets, and build confidence in key sectors, including aviation.

 


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UK-Nigeria Trade Mission Builds on State Visit Momentum to Drive Commercial Outcomes

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L-r: Atam Sandhu, Chief Executive, DMA Invest; Steve Grey OBE, UK Export Finance Lead; Dr Richard Montgomery, British High Commissioner to Nigeria; Aisha Rimi, Chief Executive, Nigeria Investment Promotion Commission; Ayo Sotinrin, MD/Chief Executive Nigeria's Bank of Agriculture (BoA), and Lovina Kayode, Director, Investor Relations, Nigeria Investment Promotion Commission, at the UK-Nigeria Trade mission in Abuja, yesterday.
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Underscoring the strength of the UK-Nigeria strategic partnership, the UK has completed its first trade and investment mission to Nigeria since the recent State Visit, focused on turning high‑level agreements into practical commercial opportunities for businesses in both countries.

Supported by the UK Department for Business and Trade and delivered by DMA Invest in partnership with the Nigeria Investment Promotion Council (NIPC), the 2-day trade mission brought together 43 delegates from 30 British companies to build partnerships, deepen commercial engagement and pursue new opportunities across priority sectors with their Nigerian counterparts.

With trade between both countries now at a record £8.1 billion, and Nigeria established as the UK’s largest export market in Africa, the mission highlighted where UK expertise can add the more value to Nigeria’s reform‑driven economy.

Opportunities discussed spanned key sectors such as infrastructure; energy and power; water, environment and climate solutions; agriculture; finance and professional services; testing and certification standards; logistics and supply chains; and technology, including education, aviation and communications.

These sectors align closely with the priorities set out under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) and reflect areas where UK capability, high standards and long‑term partnership approaches are well matched to Nigeria’s evolving market needs.

The mission also focused on challenging outdated perceptions of Nigeria, highlighting its shift towards a high‑potential, reforming economy, and energising businesses around new commercial opportunities supported by an improving macroeconomic outlook.

It encouraged UK and Nigerian firms to recognise complementary strengths and pursue new partnerships, reinforcing the message that both countries are open for business and natural partners for growth.

Dr Richard Montgomery, British High Commissioner to Nigeria, said: “This trade mission is a clear signal of intent. As the first UK business delegation to Nigeria since the State Visit, it shows how we are turning strong political alignment into real commercial action and long‑term partnerships for businesses in both countries.

“By bringing together UK companies and Nigerian partners across priority sectors and working closely with DMA Invest and the Nigeria Investment Promotion Council, we are backing ambition with delivery and making clear that the UK is committed, engaged and ready to do business with Nigeria for the long term.”

Aisha Rimi, Chief Executive Officer, Nigeria Investment Promotion Commission, said: “This trade mission represents a timely and strategic step in translating the renewed momentum from the UK–Nigeria State Visit into tangible investment outcomes for Nigeria. At the Nigeria Investment Promotion Commission, we are focused on facilitating partnerships that align with our national priorities and unlock value across key sectors of the economy.

The strong interest from UK companies reflects growing confidence in Nigeria’s reforms and its position as a leading investment destination in Africa. We remain committed to working closely with our partners to ensure that these engagements result in sustainable investments, job creation, and inclusive economic growth for both countries.”

Ronald Chagoury Jr. Vice-Chairman of Hitech and ITB, said: “As long-standing investors and operators in Nigeria’s infrastructure sector, Hitech and ITB are proud to support this UK–Nigeria Trade Mission and its focus on delivering tangible commercial outcomes.

“The successful close of a $1 billion ports transaction, backed by UK Export Finance, reflects both our execution capability and the strength of international partnerships when aligned with national priorities. We see this as a pivotal step in advancing Nigeria’s port infrastructure and a strong signal of confidence in the country’s reform agenda under the Renewed Hope framework.”

Atam Sandhu, Chief Executive, DMA Invest, said: “This UK–Nigeria Trade Mission demonstrates the value of bringing government, investors and delivery partners together in a structured, deal-focused environment. Our role is to convene the right stakeholders and translate strategic alignment into practical commercial outcomes.

The quality of engagement across infrastructure, energy, finance and related sectors reflects the depth of opportunity in Nigeria and the UK’s commitment to long-term partnership. We are proud to have supported this mission alongside the UK Department for Business and Trade and NIPC, and to help accelerate conversations that move projects closer to investment and delivery.”

All 43 delegates from 30 British companies participated in the UK-Nigeria Business Forum alongside senior representatives from the UK and Nigerian Governments, Nigerian businesses and the wider private sector.

The forum provided a platform for direct engagement with Nigerian companies, practical discussions, relationship‑building and the exploration of new partnerships aligned with Nigeria’s reform‑driven priorities.

This mission marks an important step in deepening the UK-Nigeria economic partnership. By strengthening relationships, building confidence and supporting deal‑making, it ensures that the momentum from the State Visit continues to translate into sustained commercial outcomes, long‑term investment and shared growth.


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Cabinet Shake-Up: President Bola Ahmed Tinubu Replaces Wale Edun, Ahmed Dangiwa

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President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their positions.

Cabinet Shake-Up: President Bola Ahmed Tinubu Replaces Wale Edun, Ahmed Dangiwa

: President Bola Ahmed Tinubu

This is contained in a statement issued on Tuesday by Mr Yomi Odunuga, Special Adviser, Media and Publicity to the Secretary to the Government of the Federation (SGF).

Odunuga said the directive was conveyed through a memo signed by the SGF, George Akume.

According to the memo, Mr Taiwo Oyedele has been appointed as the new Minister of Finance and Coordinating Minister of the Economy.

It also named Dr Muttaqha Darma as Minister-designate for Housing and Urban Development.

The statement directed the outgoing ministers to commence immediate handover processes to their successors or designated supervising officials.

It added that all handover and takeover activities must be concluded on or before the close of business on Thursday, April 23, 2026.

The reshuffle is part of ongoing efforts by the administration to strengthen governance and improve service delivery across key sectors of the economy.


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