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Nigeria pays ECOWAS ₦85bn community levy, boosts regional cooperation
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President Bola Tinubu has paid ₦85 billion, to the Economic Community of West African States (ECOWAS), representing 100% payment for levy owed by Nigeria. This translates in to $54 million.
Omar Touray, President of the ECOWAS Commission disclosed this as part of his reports at the ongoing 66th meeting of ECOWAS in Abuja.
He disclosed that the funds represents 100 percent of the 2023 and 2024 levy, up to July, this year, adding that this is the first time, such will be made in 19 years.
Touray, while addressing the Heads of State and other participants at the ongoing 66th Ordinary Summit of the ECOWAS Authority of Heads State and Government, at the State House, Abuja, said the money was paid Friday, December 13, 2024.
According to him, “Our community levy remittances continue to be slow, a number of countries have fallen behind in their commitment to levy remittances.
“The good news is that for the first time in 19 years, Nigeria has decided to pay 100 percent of its community levy up to 2023, Nigeria paid N85 billion naira and 54 million US dollars, representing 100 percent of the 2023 levy and the level of 2024 up to July 2024.
“The money was paid on Friday, December 13, 2024.
“This payment underscores the leadership and commitment of President Bola Ahmed Tinubu, the government and the people of Nigeria to the ECOWAS community.
At a more personal level, it underscores a mark of confidence in the ECOWAS that I have been privileged to led since 2022.
My colleagues and I are deeply grateful.”
On his part, President Tinubu said the strength of the commission is in the unity of members and ECOWAS was born out of a shared vision to create a community for citizens.
He said, “The world is confronted with challenges raging from crisis, from Sudan, Middle East and violent extremism and environmental challenges.
“Many of challenges have impacted our region and the reality underscores the reality of working together.”
President Bola Tinubu who presided over the meeting of the Ordinary Heads of States of the Economic Community of West African States ECOWAS, as the Chairman
The President who was re- elected Chairman of ECOWAS on the 7th July, this year, had while meeting with the German President, Frank-Walter Steinmeier, recently, assured that ECOWAS will tackle the region’s challenges, including prioritise the reintegration of Mali, Niger and Burkina Fasso, into the group.
The Nigerian leader assured that ECOWAS will resolve the regional crises through diplomacy, promising to reintegrate Mali, Burkina Faso and Niger Republic back to the Union.
Recall that President Tinubu had been Chairman of the Authority of ECOWAS Heads of State and Government since July, 2023, when he was first elected.
Mali, Burkina Faso and Niger Republic had dropped their membership of ECOWAS following Coup that brought in military regimes into those nations.
News
Osun Govt finally speaks As Court orders banks to freeze state accounts
The Osun State Government has said it has filed an application before the Federal High Court in Lagos seeking to set aside the ex parte order restricting transactions on accounts operated by the state government over a $13.9 million arbitration award in favour of Gamji Nigeria Company Limited.
The government also assured the public that it had commenced necessary legal steps to vacate the order and protect the state’s interests through a judicial review of the arbitration award.
In a statement issued on Sunday and signed by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, the government described the order as having been obtained through what it called non-disclosure of material facts to the court.
According to the statement, the arbitration award Gamji sought to enforce was also allegedly affected by several irregularities, prompting the state government’s legal team to approach the Lagos State High Court to challenge the award.
The government said the ex parte order of September 9, 2026 referenced an alleged arbitral award, but maintained that no such award was made against the state government in July 2024.
It clarified that the only arbitral award against the state government was issued in July 2026 and that the award was already being challenged by the government before the Lagos State High Court.
The government traced the dispute to a 2017 contract awarded during the administration of former Governor Adegboyega Oyetola. It said the administration rejected a variation request by Gamji, particularly over the company’s claim that the state was indebted to it in the sum of $15,982,638.22.
The matter subsequently proceeded to arbitration, which the state government alleged was improperly handled in favour of Gamji, while the state was denied a fair hearing and full participation in the process.
The government said its legal team had already filed a suit at the Lagos State High Court on September 1, 2026, seeking to set aside the arbitral award before Gamji approached the Federal High Court.
It added that a motion on notice seeking to suspend enforcement of the award pending the determination of the suit was also filed and served on Gamji and its counsel.
According to the state government, Gamji was therefore aware that the award was being challenged before a competent court when it approached the Federal High Court to seek enforcement.
The government further alleged that Gamji failed to disclose to the Federal High Court that the validity of the award was already being challenged before the Lagos State High Court and that the company had been served with an application seeking to suspend enforcement pending the determination of the case.
The state government disclosed that it had also filed a motion on notice seeking to set aside the September 9 order and informed the Federal High Court of the circumstances surrounding the arbitration proceedings and the pending challenge.
It, however, said it would refrain from making further comments on the merits of the case because the matter remains sub judice.
News
Sad development as abductors beat up 20 corp members, reduce ransom from N50m to N5m each
The 20 National Youth Service Corps (NYSC) members kidnapped by gunmen in Imo State have allegedly been subjected to physical ass@ult by their captors, with the kidn@ppers reportedly reducing their ransom demand to N5 million per victim.
The graduates were abducted on Thursday while travelling from Ibadan to their NYSC orientation camps in Abia and Akwa Ibom states. They were reportedly att@cked along the Owerri-Onitsha Road in Umunoha, Imo State, while travelling in two buses.
A relative of one of the victims, Alhaja Alimot Akande, said the abd¥ctors initially demanded N50 million for each victim but had now reduced it to N5 million.
“They are still demanding N5 million. They have come down to N5 million each,” she said.
Akande also alleged that the abductors had started beating the victims, including the women.
When I spoke to my sister, they started beating them since yesterday,” she said.
Asked if the female victims were also being assaulted, she replied: “They are not sparing anybody. They are beating all of them.”
She said one victim was also allowed to speak with his father, with the abd¥ctors reportedly monitoring the calls to assess the family’s ability to raise the ransom.
Meanwhile, the Oyo State Government said it was working with the Imo State Government and security agencies to secure the victims’ release.
Oyo State Commissioner for Information, Prince Dotun Oyelade, said the government was drawing on its experience from the recent Oriire abduction to assist efforts in Imo State.
“Oyo State Government had not and will not abandon its citizens. We will continue to work endlessly and desperately to secure the release of our children,” he said.
News
Painful! Varsity VC dies 48hrs after taking office
Tansian University, Umunya, Anambra State, has been thrown into mourning following the sudden death of its newly inaugurated substantive Vice-Chancellor, Professor Carter Dike Umeoduagu, barely 48 hours after assuming office.
Umeoduagu was formally sworn in as the substantive Vice-Chancellor of the university on Thursday, October 1, 2026, marking the commencement of his tenure.
However, the professor reportedly took ill on Saturday, October 3, two days after his assumption of office, and subsequently died.
His sudden death has sent shock waves through the university community, particularly coming at a time when the institution has been facing leadership challenges.
The development is also coming amid recent controversy over the leadership of the university, including disputes surrounding the tenure of the former Vice-Chancellor, Professor Eugene Okoye Nwadialor, and the emergence of an acting leadership structure.
The death of Umeoduagu, coming almost immediately after his formal assumption of office, has added a tragic dimension to the university’s recent leadership crisis.
Details of the circumstances surrounding his illness and death were not immediately available as of the time of filing this report.
The university community, academics, colleagues, family members and associates are expected to mourn the deceased academic and administrator, whose tenure as Vice-Chancellor ended almost as soon as it began.
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