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South East leaders beg Tinubu to order dismantling of road blocks, checkpoints

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South-East leaders on Saturday pleaded with President Bola Tinubu, to order for the dismantling of checkpoints and roadblocks in the area, saying that the roadblocks make goods expensive.

The leaders also appealed to the President to use his good offices to ensure that the moribund Anambra Basin with abundant oil and gas reserves is revived in the interest of the nation’s economy.

The demands were made at the town hall meeting during President Bola Tinubu’s official visit to Enugu State where many projects executed by Governor Peter Mbah’s administration were commissioned.

Presenting his appeal, Onyemuche Nnamani noted that checkpoints and roadblocks have a lot of drawbacks which have negatively affected the economy of the people in the zone and even constitute a security risk.

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He contended that with the modern command and control centre established by the Enugu State government and other strategies put in place, there was no need for the traditional checkpoints and roadblocks.

He said that the security measures put in place by Governor Mbah were critical for the encouragement of investment and economic growth.

He further said it was also critical that the right security strategies are put in place to avoid giving visitors and brothers in diaspora the wrong impression that things are worse than they seem.

“These were some of the driving factors which motivated Enugu state to institute its ultra-modern statewide CCTV, modern cameras mounted on patrol cars, some of which we have commissioned today, including our modern command and control centre, it was quite easy to convince our governor to invest billions of Naira on security,” he said.

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Continuing, the said, “Your Excellency with the launch of these facilities, we are confident that there’s less need for the traditional practice of mounting roadblocks at checkpoints. Checkpoints, in my view, have many drawbacks, checkpoints and roadblocks, they make the movement of goods and persons very expensive, very inefficient increase the low cost of logistics, leading to high inflation.

“They tie down valuable security manpower, they needlessly expose the brave men and women of our security agencies to attacks by criminals of all guises, of various guises, as well as to other users of the highways.

“Given this Your Excellency, we appeal to you to support Enugu state and security agencies, to de-emphasize the traditional practice of roadblocks, stop and search and all that. Our people are complaining about those things.

“It will be a great honour. When we say de-emphasize, what it means is that we are providing alternatives. You have seen the patrol vans, you have seen the cameras mounted all over the state. So we have alternatives to all this. So we just want to de-emphasize this issue of stop and search and roadblocks.”

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On his part, Chris Ngu, called for the development of the moribund Anambra Basin Authority to unlock the oil and gas reserves lying waste in the area.

He said, “The need to develop Anambra Basin as an oil-bearing reserve that will impact on the entire Southeast different from the well-known Niger Delta. We are saying that this reserve called Anambra Basin holds not less than one billion barrels of oil and about thirty billion cubic feet of gas.

“And like all of us know the future is gas and we know the emphasis the present government is placing on gas for so many reasons, power generation .. for industries in the plastic, and petrochemicals. There are plenty that we can achieve by doing that.

“We have plenty of presentations, but I understand there has been no time to go through that. So we’re appealing to Your Excellency, please to help call attention to this dormant energy reserve in the so-called Anambra Basin.

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“For explanation purposes, Anambra Basin borders on the south and the Niger Delta, and the Benue trough. Among the whole Basins as a frontier exploration for oil and gas, Anambra Basin stands number one in terms of performance, in terms of reserves and. In terms of attraction.

“So we’re appealing to you, sir, to please use your good offices to energize this thing for the benefit of entire Southeast and even the Middle Belt. We know Benue state is just here. And after being Benue, the entire North Central energy is just lying waste there.”

The people through the former Minister of Power, Prof. Chinedu Nebo called for the revival of the rail system in Enugu State and some other states in the zone.

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CBN announces revised documentation requirements for PAPSS transactions

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The Central Bank of Nigeria (CBN) has announced a revised documentation requirement for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.

This was disclosed in a statement issued by the apex bank’s acting Director, Corporate Communications, Mrs. Hakama Sidi Ali

The CBN said the new initiative is part of its ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa.

Launched by Afreximbank in partnership with the African Union and the African Continental Free Trade Area (AfCFTA) secretariat in January 2022, PAPSS serves as a centralized payment and settlement platform that enables instant, secure, and efficient cross-border transactions throughout Africa.

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By facilitating payments in local currencies, PAPSS minimizes reliance on third-party currencies, reduces transaction costs, and supports the rapid expansion of trade under the AfCFTA.

In a recent circular referenced TED/FEM/PUB/FPC/001/006 issued on April 28, 2025, CBN outlined the key changes to the documentation requirements associated with PAPSS transactions.

The key changes it added take effect immediately and include simplified documentation for low-value transactions, which allows customers to now use basic KYC and AML documents provided to their authorized dealer banks for low-value transactions of up to $2,000 and $5,000 equivalent in naira for individuals and corporate bodies, respectively.

“For transactions above the thresholds, all documentation as stipulated in the CBN foreign exchange manual and related circulars remains mandatory,” the bank said.

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Also, the CBN added that applicants are responsible for ensuring all regulatory documents are available to facilitate the clearance of goods, as required by relevant government agencies.

“Authorized dealer banks may now source foreign exchange for PAPSS settlements through the Nigerian foreign exchange market, without recourse to the CBN.

“All export proceeds repatriated via PAPSS shall be certified by the relevant processing banks.

“The Central Bank of Nigeria urges all banks to adopt PAPSS and commence originating transactions in line with this new policy.

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“In addition, CBN encourages exporters, importers, and individuals to familiarize themselves with the new requirements and leverage PAPSS for cross-border transactions within Africa,” the statement said.

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Reps Set Stage for Nigeria’s First Legislative Conference on Renewable Energy

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By Gloria Ikibah

The House of Representatives is set to host the country’s first National Legislative Conference on Renewable Energy, aimed at driving new laws, attracting investment, and pushing Nigeria further along its energy transition journey.

This was revealed during a press briefing by the Chairman, House Committee on Renewable Energy, Rep. Afam Victor Ogene, who described the event as a turning point for energy legislation in Nigeria.

He said: “The conference aims at bringing together key stakeholders and industry players to discuss renewable energy legislations, energy transition, renewable energy financing, investment opportunities and related matters.

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“It’s about developing a national legislative framework on renewable energy”.

The conference, which is being organised  by the House Committee on Renewable Energy in partnership with the Office of the Speaker of the House of Representatives, and the United Nations Development Programme (UNDP), will take place under the UNDP Parliamentary Development Program.

Rep. Ogene noted that recent legal reforms have created space for state governments to play a more active role in Nigeria’s power sector. He pointed to the Fifth Alteration Bill 2022 (No.33), now signed into law, which allows states to legislate on electricity matters within the national grid. Before now, states could only act on off-grid power.

In addition, he highlighted the Electricity Act of 2023, which came into effect in February 2024.

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“It permits states to issue licenses for all electricity activities – generation, transmission and distribution across the entire power sector value chain,” he said.

The Committee Chairman further stated that the new National Integrated Electricity Policy, expected in 2025, will guide states in forming new electricity markets, where solar power and other renewable sources will be key to reaching underserved communities.

Ogene explained, “The conference has three clear objectives:

“To promote dialogue among legislators, experts and stakeholders on critical legislative priorities.

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“To establish a coordinated platform for federal and state lawmakers, and to produce a clear, time-bound legislative action plan.

“International partners are also on board. The Inter-Parliamentary Union (IPU) will participate, and parliaments from South Africa, Ghana and Gambia have confirmed attendance. Ghana is sending a three-man delegation led by the Deputy Speaker, Rt. Hon. Alban Kingsford Bagbin”.

In another major highlight, the Netherlands-based platform INCLUDE will host a Pan-African Legislative Dialogue session on renewable energy, to be chaired by the Hon. Speaker, Rt. Hon. Abbas Tajudeen.

“The session will focus on how to establish a unified legislative framework on renewable energy development, investment and financing.

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“The time has come for us to act. This is not just another conference – it is the foundation of Nigeria’s renewable energy future”, Ogene added.

Expected outcomes from the conference include new policy and legislative reform proposals to boost renewable energy use, as well as draft laws that will encourage public and private sector investment.

Other goals are to enhance collaboration between federal and state lawmakers, raise public awareness, and roll out a practical roadmap for implementation and progress tracking.

The event will also feature a technology showcase of renewable energy innovations and business opportunities.

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Alleged money laundering: EFCC produces Aisha Achimugu in court

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By Francesca Hangeior

The operatives of the Economic and Financial Crimes Commission (EFCC), on Wednesday, arrived at the Federal High Court in Abuja with the businesswoman, Aisha Achimugu, as ordered by the court.

Achimugu, who was sandwiched by two female EFCC officers, arrived in court at about 11:35 am.

It could be recalled that Justice Inyang Ekwo had, on Monday, ordered the industrialist, alleged to have fled the country, to honour the invitation by the anti-graft agency on Tuesday at noon.

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Justice Ekwo, who gave the order in a short ruling, also ordered the EFCC, upon the appearance of Achimugu at its office, to return with her to court on Wednesday for a report.

Achimugu was, however, said to have been arrested by the EFCC’s operatives on her arrival abroad at about 5 am and kept in custody.

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