News
ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ FirmsSays Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms
ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms
By: Michael Mike
ActionAid International has advocated for massive imposition of windfall tax on fossil fuel companies including financial institutions, lamenting that ‘climate-wrecking’ firms make billions in ‘surplus profits’ and should be made to pay to ameliorate the harms done.
ActionAid in a statement on Wednesday said a report it conducted has shown that 36 top companies in the fossil fuels and financial sector, often funding fossil fuel use, made over US$420 billion in windfall profits in the 24 months preceding July 2023.
It stated that a tax of 90% on these windfall profits could generate as much as US$382 billion in revenue, an amount that could be spent on public services such as education, or climate action, calling for urgent introduction of windfall profits taxes.
The statement read: “Thirty-six top companies in the fossil fuel industry and their funders made over US$420 billion in
‘surplus’ profits in the 24 months before July 2023, shows a new ActionAid report.
The report shows that taxing these extraordinary profits, referred to as windfall profits, could generate funds to boost public spending, especially for key areas such as education and climate action.
“Windfall profits are often attributed to external context changes and are considered a ‘surplus’ above the regular and expected profits.
“A tax of 90% on the windfall profits of these 36 firms could generate as much as US$382 billion in revenue, shows the report launched as world leaders meet at Davos for the World Economic Forum. This amount is almost 20 times more than the US$21 billion provided by donors for climate adaptation in 2021.”
ActionAid Secretary-General Arthur Larok said: “The scale of profits that fossil fuel companies and their bankers are making in the wake of global crises is truly astounding, especially when compared to the hardships that these crises have brought upon regular people around the world,” insisting that: “Windfall profits taxes make sense. They can bring in significant revenue for climate action and social services, while taxing only the extraordinary corporate profits.”
According to the statement, ActionAid’s research is an analysis of the profits of the top 14 fossil fuel companies and top 22 financial corporations by value on the stock market. In the 24 months to July 2023, these firms made US$1,218 billion in profits. Windfall profits from this amount comes to US$425 billion.
It added that fossil fuel company profits in the 12 months before July 2023 were up by an astounding 278% compared to the average in the period between 2017/2018 and 2020/2021
It noted that both the fossil fuel and the financial industries have been making extraordinary profits in recent years, widely attributed to the impact of Russia’s full-scale invasion of Ukraine, and high interest rates adopted by many countries in response to growing inflation, stressing that: “ActionAid’s research in 2023 found that banks alone have poured over US$3.2 trillion into fossil fuels in the Global South since the Paris Agreement was adopted in 2015, making them complicit in climate damage.”
The statement recalled that at COP27, United Nations Secretary-General Antonio Guterres asked governments to tax the windfall profits of fossil fuel companies and redirect that money to those impacted by climate change, lamenting that over a year later, only some EU Member States, the UK, and a few Latin American countries, have introduced some forms of temporary and often limited windfall taxes on fossil fuel companies.
ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms
News
NDLEA Nabs Ex-Convict, Three Others Over Cocaine Hidden in Liquid Starch Bound for UK
NDLEA Nabs Ex-Convict, Three Others Over Cocaine Hidden in Liquid Starch Bound for UK
By: Michael Mike
The National Drug Law Enforcement Agency (NDLEA) has arrested a previously convicted drug trafficker and three accomplices after intercepting a consignment of cocaine concealed in sealed sachets of liquid starch meant for export to the United Kingdom through the Murtala Muhammed International Airport (MMIA), Lagos.
According to a statement on Sunday by the spokesman of the anti-narcotics agency, Femi Babafemi operatives of the agency uncovered 75 wraps of cocaine weighing 1.5 kilogrammes at the airport’s export shed.

He disclosed that three freight agents — Jubrin Hassana, Kuku Oluwasegun and Igwe Jane — were arrested on Saturday, December 20, 2025, while processing the illicit cargo.
He noted that further investigation identified 37-year-old Nwobodo Chidiebere as the coordinator of the shipment, stating that he was arrested the following day at a relaxation centre in Ikeja.
Babafemi said NDLEA records showed that Nwobodo was convicted in 2023 for trafficking 30.1 kilogrammes of methamphetamine concealed in powdered custard containers and destined for the UK.
He was then sentenced to five years’ imprisonment with an option of a ₦7 million fine, which he paid before resuming drug trafficking activities.
In separate operations across the country, NDLEA operatives recorded major seizures of cannabis and other illicit substances. In Ekiti State, officers dismantled cannabis warehouses in the Ara forest and recovered 638 kilogrammes of skunk. In Edo State, 1,205 blocks of compressed cannabis sativa weighing 883.1 kilogrammes were intercepted from three vehicles along the Igara–Auchi road.
In Cross River State, raids in Yakurr Local Government Area led to the arrest of three suspects with a combined seizure of more than 900 kilogrammes of skunk. Another suspect, a woman, was arrested along the Abaji–Abuja expressway with 38 kilogrammes of the substance while travelling from Edo State.
In Lagos State, multiple arrests were recorded, including the seizure of over 60 kilogrammes of skunk from two suspects in the Badagry and Agbara areas. In Taraba State, two men were apprehended in Takum with 48 kilogrammes of cannabis, while in Gombe State, a 65-year-old driver was arrested along the Gombe–Biu highway with large quantities of tramadol, pentazocine injections and other opioids destined for Borno State.

Babafemi also confirmed the arrest of a 47-year-old businessman, Ignatius Egbochie, alias “Brown,” who was wanted in connection with the seizure of 26 kilogrammes of “Loud,” a potent strain of cannabis, earlier intercepted at the Tincan Seaport in Lagos.
NDLEA continued its War Against Drug Abuse (WADA) sensitisation campaigns nationwide, engaging students, teachers, worshippers and community members in states including Anambra, Katsina and Kogi.
Meanwhile, the NDLEA Chairman and Chief Executive Officer, Brigadier General Buba Marwa (Rtd), while commending the officers involved in the operations,, praised their commitment and urged personnel across all commands to remain vigilant and uphold professionalism during the festive season and beyond.
NDLEA Nabs Ex-Convict, Three Others Over Cocaine Hidden in Liquid Starch Bound for UK
News
The Pabir of Biu (Viu): People Lost in Ethnic and Cultural Mist
The Pabir of Biu (Viu): People Lost in Ethnic and Cultural Mist
By: Joseph SHALANGWA
I have been an ardent follower and reader of works published by NEWSng for quite some time, where some works on Bura-Pabir were published, but one interesting piece that came to the fore was “The Lingering Bura-Pabir Question (1&2),” published in 2024, which is somehow related to this article.
Therefore, this work is not to mock or disregard the Pabir as people who are ghastly lost in the mist of ethnic and cultural identity. The work is a historical enlightenment to the people of Nigeria who have routed the Bura and the Pabir as the same people, but historically no, and never are they the same. For political reasons, yes. Just like the Hausa-Fulani coinage.
I want readers to know from this day forward that there is no tribe or ethnic group independently called Babur. We have the Pabir, who are unable to stand as a tribe with distinct culture and traditions.
I am not a historian by any standard, but history and its source materials are of interest to me. I had listened to historical conversations and stories pertaining to my people—the Bura—ever since I was a boy. This has given me some knowledge and understanding of my people’s history, culture, traditions, and civilizations.
As certified technologists, one of our ways of diagnosing troubleshooting is to unscrew and screw in an attempt to mechanically solve the ailment. This is what I am briefly going to do in this work.
I have read so many works on the history of Biu people.
However, some of the writings did not dwell much on the original inhabitants of the Biu Plateau, the Bura, but rather hid in historical conspiracy theory portraying the Pabir as the true inhabitants of the Biu territory. It is not true but misleading and questionable because they left out the Aborigines, the Bura people, who are a tribe and an ethnic nation with history and cultural identity.
At this juncture, questions that will readily come to mind are: Who are the Pabir people? What are their clan names? There has been an identity crisis about the Pabir, who are today known as Babur, lost totally in ethnic and cultural fog.
My findings did not give me any historical validity that the Pabir are the original inhabitants of Biu (Viu) territory; rather, it said that a band of seventy (70) men from the Kanem empire came some hundreds of years ago. “The Bura people are the native inhabitants of the Biu Plateau with unique culture and traditions, clear clan names rooted in their history and civilizations…Musical instruments, dances, foods…” Long before the leader of the 70 men, Yamtra Wala, came onto the scene, he was called and addressed wrongly as YAMTA OLA in the Bura dialect.
Clan names like Bwayama, Dlakwa, Wudiri, Mibwala, Mhya, and Garnva, among many others, are of Bura people. This further drew the ancestral and cultural identity between the Bura and Pabir people. Funny enough, theirs are Mshelganga, Gurdum, Mazalapuwa, Kiribara, Mshelgwagwa, etc. While in the history of the Bura, there are no such clan names. In fact, these names are derived from the Bura local dialect, signifying some of their works and duties in the king’s palace. You may wish to agree with me that Pabir are a group of people who have nosedived and lost their cultural identity.
It baffles me when I see a Pabir man calling himself or herself Babur. Thus, it has further deepened their loss, which has created a historical inferiority complex in them.
This work should serve as a call to all the Babur (Pabir) to come to reality, to break the complexities of their origin, and to accept who they are historically, and to take responsibility as Pabir people, not Babur.
I am also calling on all Bura sons and daughters to continue to stand firm and proudly call and be addressed as Bura worldwide.
Joseph Shalangwa
Writes from Kaduna.
The Pabir of Biu (Viu): People Lost in Ethnic and Cultural Mist
News
VP’s Wife Consoles Maiduguri Bomb Blast Victims
VP’s Wife Consoles Maiduguri Bomb Blast Victims
Calls for united front against insurgency.
By: Our Reporter
Wife of the Vice President Federal Republic of Nigeria Mrs Nana Shettima has stressed the need for all hands to be on desk to put an end to the more than a decade insurgency in the north east .
She made the appeal while speaking to journalists in Maiduguri shortly after she visited victims of gmboru market Mosque bomb blast in the Borno State capital.
In an emotional interview, Mrs Nana Shettima, wife of the Vice‑President, speaking on behalf of First Lady Oluremi Tinubu,described barbaric suicide bomb attack that struck the Gamboru market mosque after Maghrib prayer on Wednesday as unfortunate.
She prayed for the dead, called for unity, and vowed the support of the First Lady’s office for affected families.
Mrs Nana Shettima said she was in Maiduguri to offer condolences and relief to victims and families.
She visited the homes of the bereaved in Mashamari, Ummarari Millionaire’s Quarters and Gamboru Ward, where she prayed for the deceased, asked Allah to grant them eternal rest, and sought strength for families bearing these irreparable losses.
To cushion immediate hardship, Mrs Shettima presented financial support to affected families seven widows each received ₦1,000,000 (total ₦7,000,000).
She also visited the Maiduguri State Specialist Hospital and the University of Maiduguri Teaching Hospital (UMTH), where she was shown around by Dr. Baba Shehu, Medical Director of the State Specialist Hospital, and received by Professor B. Kagu, Chairman of the Medical Advisory Council at UMTH, and Dr. Bunu Bukar.
After going round the patients beds at both hospitals Mrs Nana Shettima gave ₦500,000 to each of the 14 patients still on admission, offered words of consolation, and prayed for their speedy recovery.
The wife of the vice president reiterated her appeal for communal calm and solidarity in the face of tragedy.
The visit signals the First Lady’s office’s commitment to immediate humanitarian relief and moral support for affected families.
The visit underlines the first lady’s office commitment to spiritual consolation with practical assistance, targeting both households that lost breadwinners and those receiving medical care.
Mrs Nana Shettima confirmed she was in Maiduguri expressly on behalf of the first lady of the nation to sympathise with the victims.
Those who accompanied her includes the wife of the Borno State Governor Dr Falmata Babagana Umara Zullum,wife of the Deputy Governor Hajiya Maimuna Umar Kadafur, and the Borno State Apc women leader Hajiya Fati Alkali Kakinna among other top female government officials.
VP’s Wife Consoles Maiduguri Bomb Blast Victims
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