General News
NAGAFF to Develop Cargo Village In Enugu State
The National Association of Government Approved Freight Forwarders (NAGAFF) is to develop a cargo village within the proposed East – Gate Enugu Airport City Development project to be anchored by NECI Land Development Corporation Limited.
Towards this end, Dr. Eugene Nweke, national president of NAGAFF, recently visited Enugu in an on-the-spot inspection and assessment of the Project Development site with the Representative of the Corporation, Mr. Daniel Kalu, the NAGAFF Enugu State Chapter, Comrade Sunny Okonkwo and the Project Legal Consultant who is also the Secretary of NAGAFF Enugu Chapter Barrister Chinedum Agwaramgbo.
The proposed Cargo Village will be situated within the 142 – hectare of land, of the East – Gate Enugu Airport City Development Project adjacent to the Akanu Ibiam International Airport Enugu.
In a statement made available to Nigeria CommunicationsWeek by Mr. Simeon Nwonu, national publicity secretary, he quoted the NAGAFF President saying that the proposed NAGAFF Cargo Village is to be fashioned after a similar one in Malaysia.
To get a clearer picture of the Malaysia model a delegation comprising officials of NAGAFF, representatives of the Enugu State Government, and of the investor, NECI Land Development Corporation Limited as well as other 27 business venture companies including the banks will visit the Asian country in October.
Nweke said NAGAFF seems to be enjoying the goodwill and trust of all stakeholders involved in the Project and all hands will soon be on the deck to make the project a reality.
He added that the Cargo village when completed will boost and further simplify the process of Cargo clearing in the country and help in removing the congestion at the Lagos ports and entry points as Importers, Exporters and Freight Forwarders will be happy to divert their cargoes to the Akanu Ibiam International Airport.
The proposed cargo village is part of bigger project which has the potentials of creating a wide range of business opportunities in Enugu State and the entire South East geo0political zone.
It will encompass the establishment of key investment component such as air cargo terminal logistics hub, high industrial zone, duty free and export zone and commercial and residential real estate.
It would be recalled that the Enugu State Governor, Ifeanyi Uguwanyi recently visited the site of the proposed East-Gate Enugu Airport City Development project.
Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.
Tunde Ayeni, former chairman of defunct Skye Bank Plc,
This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.
He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.
Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.
Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.
Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.
About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.
The EFCC is expected to file charges once the investigation is concluded.
Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.
The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.
Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.
He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.
Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.
In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.
He also revealed that the company is preparing to introduce new home and personal care products later this year.
Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.
Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.
Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.
The special guests were conducted around the facility, and the programme was concluded with a luncheon.
The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.
The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.
U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.
Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.
A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.
Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.
The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.
Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.
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