International
France to repatraite $150m Abacha loot- French Minister
France to repatraite $150m Abacha loot- French Minister
By: Michael Mike
France on Friday said it would be returning $150 million General Sani Abacha loot back to Nigeria.
Abacha reign over Nigeria between 1993 and 1998 when his rule was terminated as a result of untimely death.
Twenty years after his reign, loot stacked abroad continued to surface with Nigerian government already recovered hundred of millions of dollars.
The visiting France Minister for Europe and Foreign Affairs, Ms. Catherine Colonna while addressing a press conference, said she has informed President Bola Tinubu about the planned return of the seized fund.
She noted that the stolen fund will be returned to the country in form of grant, while revealing that discussion will soon be opened with the Nigerian government on the areas to invest the fund.
She said: “I also informed President Tinubu that in response to the request submitted by the Nigerian Federal Ministry of Justice, and in agreement with the US
Administration, France will return to Nigeria the assets stolen from the Nigerian
people by General Sani Abacha and his family, that have been frozen in France
since 2021. We will start discussions with the Nigerian administration in order to allocate these 150 million US dollars to development projects benefiting the
population, according to the priorities of the Nigerian government.”
She said France has invested over €10 billion in Nigeria in the last ten years while over 100 French Companies doing business in the country, creating over 10,000 jobs.
She said: “Over the last ten years and now exceed 10 billion euros. More than 100 French companies are already working here. They do not simply sell French products: they invest in Nigeria’s economy, creating jobs (10 000 jobs as we speak), factories, farms and vocational training centers. Our goal for the coming years is to further increase these investments in Nigeria, but also the investments of Nigerian companies in France.
“The French Government also invests directly in Nigeria, through financing from
the French Development Agency (AFD, Agence française de développement).
“Since 2010, we have mobilized close to 3 billion euros to support the emergence of Nigeria. AFD is carrying out projects in 26 out of the 36 States of Nigeria. We are financing infrastructure, rural roads, marketplaces, urban transportation and water supply, but also a large number of SMEs and local start-up incubators. We are also investing more and more in vocational training for the youth.
“Our main priority for the coming years is to support even further cultural and creative industries in Nigeria.
“They are already recognized worldwide, and have a huge potential to be developed. We support creators and entrepreneurs in the fields of animation, video games, music, fashion and design, to help them tap into international markets. l signed this morning with the Minister of Finance an investment agreement for an amount of 100 million euros, for the l- Dice program, through which AFD is going to support Nigerian entrepreneurs in digital and creative industries, We provide financing, expertise, but also exposure in France and in our outstanding Cultural network in Nigeria, including the French Institute in Abuja and 10 Alliances Francaises.”
End
France to repatraite $150m Abacha loot- French Minister
Nigeria Congratulates Germany on Election of New Chancellor
By: Michael Mike
Nigeria has extended its warm congratulations to Germany on the successful election of Friedrich Merz as the new Chancellor. The Conservative Leader
won with 325 votes in the 630-Seat Bundestag on Tuesday, 6th May, 2025.
A statement by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa read: “Nigeria commends Germany’s strong democratic traditions and values, which have once again been demonstrated through a peaceful and transparent electoral process. We are confident that under Friedrich Merz’s leadership, Germany will continue to play a pivotal role in advancing global peace, stability, and prosperity.
“As longstanding partners, Nigeria looks forward to deepening bilateral relations with Germany in areas of mutual interest, including trade, investment, security, and sustainable development. We also reaffirm our commitment to strengthening multilateral cooperation within the framework of the United Nations and other international fora.
“The Nigerian government and people wish the new Chancellor a successful tenure and express our readiness to work closely with Germany for the benefit of both nations and the global community.”
Nigeria Congratulates Germany on Election of New Chancellor
Nigeria Commiserates with Catholic Church Over Demise of Pope Francis
By: Michael Mike
The Federal Government has expressed profound sorrow at the passing of His Holiness Pope Francis, who died on Monday, 21 April 2025, at the age of 88 years.
The departed Holy Father, the political head of Vatican City and the head of the Catholic Church, was described in the statement as a global moral leader whose papacy was marked by humility, compassion, and an unwavering commitment to peace, social justice, and the dignity of all people.
The statement read: “Nigeria commiserates with the teaming population of the catholic church in the country and joins the international community, particularly the Catholic faithful worldwide, in mourning this immense loss. Pope Francis’ deep concern for the marginalized; including refugees, the poor, and victims of conflict, resonated strongly in Nigeria, where his calls for interreligious harmony and solidarity were a beacon of hope amid challenges.
“His historic 2022 apology for the Church’s role in colonial injustices, including the suffering of Indigenous peoples, indeed set a powerful example of reconciliation. Also worthy of commendation is his advocacy for peace in Africa, and other conflict areas in the world, reflecting his universal pastoral mission.”
The statement further read that: “In this moment of grief, therefore, Nigeria extends heartfelt condolences to the Vatican, the Catholic Church, and the Argentine people, who gifted the world this extraordinary pontiff.
“We pray for the repose of his soul and trust that his legacy of mercy, dialogue, and care for our common home will endure.”
Nigeria Commiserates with Catholic Church Over Demise of Pope Francis
Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom
By: Zagazola Makama
A suspected abduction occurred on April 18, 2025, when Mr. Yangi Ming, a Chinese national working at Panda Supermarket in Jabi, was reportedly abducted by unknown individuals.
Intelligence sources told Zagazola Makama that Mr Yangi Ming left his residence at Stargate Apartment in Durumi around 1700hrs and was last seen wearing brown shorts and a black polo shirt.
His sister, Aisha Pan, residing in Sharanda, Kano State, later received a ransom demand of ₦300 million, made from Yangi Ming’s mobile phone number.
Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom
China Says Taiwan Independence is a Threat to It’s Sovereignty, Territorial Integrity
ECOWAS Member States Asked to Eliminate Taxes on Air Travel to Develop Aviation Industry
President Tinubu Demands Stiff Enforcement Of Child Protection Laws
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