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African-European Business Leaders Push for Stronger Investment Pact at AU–EU Forum

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By Gloria Ikibah

African and European business leaders have set out a renewed commitment to deepen investment ties, strengthen value chains and promote shared prosperity under the European Union Global Gateway initiative.

The pledge is contained in a Joint Business Declaration unveiled on 24 November at the AU–EU Business Forum 2025 in Luanda, ahead of the seventh Heads of State Summit.

The Forum coincides with 25 years of AU–EU partnership and Angola’s 50th anniversary of independence, with the theme ‘Promoting peace and prosperity through effective multilateralism’, the summit is co-chaired by Angolan President João Lourenço and President of the European Council António Costa, with the European Commission represented by Ursula von der Leyen and the African Union by H.E. Mahmoud Ali Youssouf.

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The declaration highlights the importance of aligning with the EU’s Global Gateway and Africa’s Agenda 2063, noting that nearly €80 billion has been mobilised since 2021 through the Africa–Europe Investment Package for renewable energy, health, transport, agribusiness, research, education and digital initiatives.

Co-chair of the Business Declaration Committee and President of the Africa Business Council, Dr Amany Asfour, emphasised the need for more balanced cooperation.

“We need equal win-win partnerships that empowers our African Private Sector including SMEs, women and youth and focusing on investment that is geared towards value addition, job creation and sharing of know-how,” she said.

Business organisations emphasised that unlocking the full potential of EU investment and closing Africa’s infrastructure gap will require practical, business-driven solutions.

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The declaration calls for structured and inclusive mechanisms enabling companies from both continents to jointly design, finance and implement major trade and investment projects aligned with the African Continental Free Trade Area and Agenda 2063.

Financing remains central to the strategy. The document states that the Global Gateway Investment Hub should simplify access to EU financial instruments—such as blended finance, guarantees, venture capital and reimbursable grants—particularly for small and medium-sized enterprises. It urges a unified and transparent system to ensure that priority projects receive timely and effective support.

Africa’s industrialisation and the transformation of raw materials feature prominently in the business leaders’ demands. Benoît Chervalier, President of the Africa Committee of BusinessEurope and co-chair of the declaration, stated: “This process should be undertaken in a pragmatic, flexible and agile manner which would help to integrate African and European businesses into regional and global value chains.”

The declaration also calls for joint efforts to improve the business climate, strengthen workforce capacity, expand sustainable infrastructure and boost digital connectivity. Both continents, it notes, recognise that sustainable investment must generate local value, industrial growth and decent employment.

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NDLEA unearths another massive industrial scale clandestine meth laboratory in Oyo forest(Photos)

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. Arrests Mexican, 4 others; recovers multi-billion-naira worth of illicit substances

. We’ll find you in the cities, track you into the forests, and dismantle your infrastructure of death, Marwa warns drug cartels

Operatives of the National Drug Law Enforcement Agency (NDLEA) have struck yet another decisive blow against transnational drug syndicates following the discovery and dismantling of a fortified, industrial-scale clandestine methamphetamine laboratory operated by a Nigerian-Mexican cartel deep within the forest of Tapa Village, Ibarapa North Local Government Area, Oyo State.

The breakthrough comes barely four weeks after the Agency dismantled a similar massive meth laboratory in a forest in Ijebu East, Ogun State, signaling a desperate attempt by drug barons to turn the Southwest axis into a synthetic drug manufacturing hub.

Speaking on the development at the NDLEA Headquarters in Abuja, the Chairman/Chief Executive Officer of the Agency, Brig. Gen. Mohamed Buba Marwa (Rtd) who was represented by the Director of Media and Advocacy, Femi Babafemi at a press briefing on Wednesday 24th June 2026, commended the gallantry, dedication, and clinical professionalism of the officers involved in the operation.

According to him, “On Wednesday, 17th June 2026, tactical operatives of the NDLEA stormed a highly fortified, industrial-scale clandestine methamphetamine laboratory operating deep within the forest of Tapa Village, Ibarapa North Local Government Area, Oyo State.

“This was not a rudimentary setup; it was a sophisticated, highly organized transnational syndicate. During the raid, our operatives successfully arrested five key members of the cartel on-site.

They include a 56-year-old Mexican Methamphetamine expert, Jose Villa Ochoa, brought in specifically to provide the technical expertise for large-scale synthesis and four Nigerian collaborators providing logistical support, cover, and local operations. They are: Maxwell Uche Nevoh, 30; Olatunji Yusuf, 37; Bankole Akeem Owolabi, 45; and ⁠Ganiu Monsiu, 43.

“The arrest of a foreign cartel specialist on Nigerian soil underscores the transnational nature of this threat, but more importantly, it underscores our Agency’s world-class intelligence capability to track, intercept, and neutralize them. Following the successful raid, a specialized team from our Directorate of Forensic and Chemical Monitoring moved in on June 18th, 2026, to conduct a rigorous forensic examination of the facility. What they uncovered is a massive, factory-level production line of poison.

“The laboratory was fully stocked with a frightening array of precursor chemicals, industrial catalysts, and heavy-duty processing equipment. Chemicals and Materials recovered include: Phenyl-2-propanone (P2P), which is the the main, highly controlled precursor required for methamphetamine synthesis; 1800-litre drums containing Phenylacetic acid (the primary precursor used to synthesize P2P); Two 180L drums containing a staggering 300 litres of whitish crystalline substance; Four 180L drums containing dark liquid undergoing synthesis.

“Others include: 101 bags (25kg each) of Caustic Soda; 17 containers (25L each) of Sulphuric Acid; 19.5 containers (25kg each) of Tartaric Acid; 5 containers of Reniso Ultracool 68 (three 50L and two 25L capacity; 25 bottles (500ml each) of 80% Thioglycolic Acid; 2 containers (25L each) of Ethyl Phenylacetate, and 25 cartons of aluminum foil.

“The Industrial Processing Equipment discovered at the site include: One (1) Reactor Pot, which is the heart of the chemical synthesis; Two (2) mounted distillation units and three (3) fabricated mixers and condensers; as well as Two (2) vegetable dehydrator machines used for the rapid drying of the crystals.

“As a result, immediate field tests were conducted by our forensic experts. Samples of the finished crystals recovered yielded a definitive positive result for Methamphetamine. Furthermore, the crystalline substance from the 180L drum tested positive for Phenylacetic acid. Every single gram of these exhibits has been safely evacuated, documented, and preserved for comprehensive and strict evidential presentation in court.

This is yet another multibillion-naira worth of illicit substances and production equipment ready to push millions of doses of synthetic drugs into our streets, communities and the international community but for the vigilance of our dedicated officers.”

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Marwa noted that the proximity of the latest discovery to the Ogun State lab uncovered about four weeks ago reveals a desperate attempt by drug barons to establish a synthetic drug manufacturing hub in the Southwest axis, adding that the cartels thought hiding in dense forests would shield them from the long arm of the law but were wrong.

“Let the message go out clearly to all drug cartels, domestic and international that Nigeria is not, and will never be, a safe haven for your illicit trade. We will find you in the cities, we will track you into the forests, and we will dismantle your infrastructure of death. They thought hiding in dense forests would shield them from the long arm of the law. They were wrong”, the NDLEA boss warned.

“We want to commend the gallantry, dedication, and clinical professionalism of our officers of the Oyo state Command involved in this operation. To the Nigerian public, we say thank you for your continued trust and credible information. Together, we are securing the future of our nation”, he added.

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BREAKING: El-Rufai arrives in court under heavy security for trial over alleged financial crimes

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Ex-Kaduna State Governor, Nasir El-Rufai, has arrived at the Federal High Court sitting in Kaduna for the continuation of his ongoing trial over alleged financial misconduct and wire taping the National Security Adviser, brought by the Independent Corrupt Practices and Other Related Offences Commission, ICPC.

The former governor arrived at the court premises under intense security escort.

Recall that the case, which includes allegations of abuse of office, financial impropriety, and fraud during his tenure as governor, was previously adjourned to June 24, 2026, after two co-defendants failed to appear in court.

Meanwhile, El-Rufai has denied the allegations, while the ICPC says it has evidence supporting the charges.

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DAILY POST reports that on April 14, 2026, the presiding judge of the court, Justice Rilwan Aikawa, granted the former Governor bail in the sum of N200 million, with conditions including two sureties – one being a serving or retired civil servant at Grade Level 15, and the other a recognised traditional ruler.

His lawyers later applied to the court for the variation of the bail conditions, which was turned down by the court.

At the court proceedings on Wednesday, the two co-defendants are expected to be present for the continuation of the hearing on the substantive matter.

Details shortly…

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JUST IN: Obasanjo is alive, hale, hearty not dead– Reports

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Ex-President Olusegun Obasanjo is alive, hale and hearty, according to reports.

This dispelled rumours in some quarters that the former President had died.

Nigerians and indeed the global community were thus enjoined to ignore the news of Obasanjo’s death.

It would be recalled that there had been news on the social media that the former President had passed on.

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A terse statement jettisoning the rumour was captured thus, “The elder statesman is alive and actively engaged in various national and continental activities.
Ignore the death rumours”.

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