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FG, EU to deepen stronger ties

By Francesca Hangeior
The Federal Government has advocated for stronger ties with the European Union to tackle developmental issues confronting the country.
The Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu made this advocacy during a courtesy visit on him by members of the European Union Council Working Group on Africa.
Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu (middle) flanked to the left by the Ambassador of EU to Nigeria, Samuella Isopi and to the right by the Chair, Africa Working Party, Yemina Gerfi and other members of the delegation
The Minister appreciated the growing relationship between the European Union and Nigeria, while stating that, “a number of bilateral agreements such as the SAMOA agreement had been signed between both countries”.
He called for more collaboration in the areas of propagating democratic principles, climate change, migration and infrastructural deficits in the country, while expressing hope that Nigeria will remain a market oriented country with double digit growth.
Bagudu assured the delegation that, “the Federal Government had taken a number of measures to tackle the inflation in the country by reducing monetary supply, introducing more inflow of foreign exchange, boosting of domestic production of agricultural products and manufacturing among others measures”.
Earlier in her address, the European Union Ambassador to Nigeria, Samuella Isopi, affirmed the EU’s readiness to deepen collaboration and contribute significantly to Nigeria’s economic growth.
She lauded the positive outcomes of previous economic collaborations and expressed eagerness to advance initiatives like the Sustainable Investment Activation Agreement.
Isopi reiterated EU’s commitment to fostering an enabling environment for increased investment in Nigeria.
The Chairman of the Africa Working Party of the Council of the European Union, Miss. Yamina Gerfi, said, “the aim of the visit was to deepen understanding and cooperation with Nigeria and the region. She therefore highlighted the importance of engaging with diverse stakeholders to boost EU-Nigeria collaboration for the benefit of both parties”.
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Alleged N8bn scam: Achimugu yet to fulfill EFCC bail conditions

Embattled businesswoman Aisha Achimugu is yet to meet the bail conditions set by the Economic and Financial Crimes Commission (EFCC) because her two sureties have no landed property in Abuja.
Aisha was still in custody at the weekend over alleged N8.71billion oil bloc transactions.
The EFCC will on Monday verify the claims of new two sureties.
A top EFCC source said: “Aisha is still in detention until she meets the bail conditions.
“The court mandated the EFCC to set bail conditions. We asked her to bring two sureties with landed property in Abuja. Her sureties could not meet our terms.
She produced new sureties on Friday. We will verify the claims of those standing for her on Monday.
If these sureties do not fulfill the required conditions, she will remain with us.”
She, however, will account for how she came about 136 bank accounts, especially corporate types.
Mrs. Achimugu was declared wanted by the EFCC in March 2025 on allegations of criminal conspiracy and money laundering.
According to an affidavit by an EFCC investigator, Nr. Chris Odofin, Mrs. Achimugu was under investigation for alleged conspiracy, obtaining money by false pretence, money laundering, corruption, and possession of property reasonably suspected to have been acquired through unlawful means
The affidavit also showed the applicant operates a total of 136 bank accounts across 10 different banks, both personal and corporate.
Achimugu, in her statement according to the affidavit, said the inflow of N8.71 billion into her corporate bank accounts was an ”investment fund” for acquisition of an oil bloc.
She said the cash was transferred to the Federal Government’s account through her company, Oceangate Engineering Oil and Gas Limited, referencing documentation from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
But findings by the EFCC confirmed that Achimugu’s company actually acquired two oil blocs, Shallow Water PPL 3007 and Deep Offshore PPL 302-DO at the cost of $25.3 million.
The payments were allegedly made through bureau de change operators.
The EFCC was looking at clues on the likely sources of the funds.
The commission also alleged that the acquisition of the oil blocs was not transparent enough.
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