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NCP HITS GROUND RUNNING, SETS UP COMMITTEE ON RESTRUCTURING OF BANK OF AGRICULTURE
NCP HITS GROUND RUNNING, SETS UP COMMITTEE ON RESTRUCTURING OF BANK OF AGRICULTURE
*Approves completion of Zungeru hydroelectric power plant concession
*Ratifies NCP standing committees
By: Our Reporter
In a bid to ensure better service delivery in line with the Renewed Hope Agenda of the Tinubu administration, the National Council on Privatization (NCP) has set up an ad hoc committee to fast-track the restructuring and resuscitation of the Bank of Agriculture (BOA).
The Vice President, Sen. Kashim Shettima, who chaired the maiden meeting of the reconstituted NCP at the Presidential Villa, Abuja, emphasised the importance of the tasks before the new Council, particularly the rejuvenation of BOA, among others.
Speaking after the presentation of the agenda and matters arising by the Director General of the Bureau of Public Enterprises (BPE), Dr Alex Okoh, the VP listed the composition of the ad hoc committee, saying a lot will depend on the decisions of the Council in the months ahead.
“We have to make some far-reaching decisions on the restructuring of the Bank of Agriculture because the bank will be critical to the realization of the Renewed Hope Agenda of the Tinubu administration. It is very important for us and for this administration,” he noted.
According to the Vice President, the Finance Minister, Mr Wale Edun will Chair the ad hoc committee, while members include, Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Atiku Bagudu; CBN Governor, Dr Yemi Cardoso; Rep of the Ministry Of Finance Incorporated (MOFI); Chairmen of the NCP Technical and Legal Committees; a member of the NCP, Alhaji Mohammed Mustapha Bintube, and the DG BPE will serve as Secretary.
VP Shettima urged the committee to come up with a roadmap for the resuscitation of the BOA, among other resolutions.
The Vice President had earlier in his opening address set the tone for the deliberations, urging members to take every task seriously. “We will be meeting more frequently because we have to support the President to execute the Renewed Hope Agenda,” he noted.
The Council also approved the completion of the concession of the 700MW Zungeru Hydroelectric Power Plant and particularly directed the opening of a dedicated account at the Debt Management Office for the payment of the concession fees by the concessionaire.
Vice President Shettima directed the CBN governor to commence the opening of the account at the DMO as proposed by the BPE.
Yet another major decision taken at the meeting was the ratification of constituted standing committees for the Council, comprising the Technical, Stakeholder Engagement, Finance and Legal committees.
Also approved at the maiden NCP meeting was the 2024 work plan of the Bureau of Public Enterprises (BPE) covering its privatization activities and participation in international forums to attract interest in the country’s privatization programme.
Present at the meeting were the Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun; Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Abubakar Bagudu; Minister of Steel Development, Shuaibu Audu; Minister of Transportation, Sen. Sa’idu Alkali; CBN Governor, Dr Yemi Cardoso, and Chairman of the reconstituted Technical Committee, Mr Oye Odukale, among other Council members.
NCP HITS GROUND RUNNING, SETS UP COMMITTEE ON RESTRUCTURING OF BANK OF AGRICULTURE
Troops Arrest Three Suspected Cattle Rustlers in Borno
By: Zagazola Makama
Troops of 212 Battalion deployed at Forward Operating Base (FOB) Tuba have arrested three suspected cattle rustlers during an operation in Karnuwa general area of Borno State.
Security sources said the operation followed intelligence provided by a local resident, Malam Muhammadu Ardo, concerning alleged cattle rustling activities within the area.
The troops reportedly mobilised to Karnuwa at about 12:30 p.m. on May 4, 2026, where they apprehended the suspects identified as Mallam Mohammad Abatcha, 28; Mallam Mamman Bukar, 18; and Malam Modu Hassan, 30.
According to the sources, the suspects were intercepted while using a pickup vehicle with registration number WW 806 GZ Delta, allegedly employed in transporting stolen cattle.
The rustled cattle were recovered and immediately handed over to their rightful owners at the scene of the arrest.
Items recovered from the suspects included a bow and arrow, three mobile phones, five national identity cards and the sum of N20,650.
Preliminary investigation reportedly revealed that the suspects admitted to repeatedly stealing and selling rustled cattle to buyers in Maiduguri.
Security sources further disclosed that investigators suspect possible links between the suspects and members of the Islamic State West Africa Province or Jama’atu Ahlis Sunna Lidda’awati wal-Jihad due to alleged inconsistencies observed in their statements during interrogation.
Troops Arrest Three Suspected Cattle Rustlers in Borno
Troops Discover Illegal Refinery Site, Recover 600 Litres of Stolen Crude in Rivers
By: Zagazola Makama
Troops of 29 Battalion operating under the Joint Task Force South-South, Operation Delta Safe (OPDS), have uncovered an illegal refining site and recovered about 600 litres of suspected stolen crude oil in Oyigbo Local Government Area of Rivers State.
Security sources said the discovery was made at about 10:00 a.m. on May 12, 2026, during ongoing anti-illegal bunkering operations in the Niger Delta region.
The troops reportedly discovered the illegal refining site around Asa community, where a large cooking pot loaded with stolen crude oil was found stockpiled in sacks.
Military authorities said the recovered products and equipment were handled in accordance with operational directives guiding anti-crude oil theft operations under Operation Delta Safe.
The operation was conducted without any confrontation or security incident.
The Nigerian military has continued to intensify operations against crude oil theft, illegal refining and other forms of economic sabotage across the Niger Delta region.
Troops Discover Illegal Refinery Site, Recover 600 Litres of Stolen Crude in Rivers
Troops, NDLEA Raid Drug Hideout in Katsina, Arrest Suspected Supplier to Terrorists
By: Zagazola Makama
Troops of the Forward Operating Base (FOB) Malumfashi at Kafur, in collaboration with the National Drug Law Enforcement Agency, have raided a suspected drug peddlers’ hideout in Kafur Local Government Area of Katsina State.
Security sources said the operation was conducted at about 12:30 p.m. on May 12, 2026, at Huguma village following intelligence on illicit drug activities within the area.
During the raid, troops apprehended one suspect identified as a major supplier of illicit drugs and other substances to terrorists and criminal elements operating within Kafur Local Government Area and surrounding communities.
Items recovered during the operation included 146 grams of suspected cannabis and 16.5 grams of a substance identified as Exol-5.
The suspect and the recovered drugs have since been handed over to the National Drug Law Enforcement Agency for further investigation and necessary legal action.
Troops, NDLEA Raid Drug Hideout in Katsina, Arrest Suspected Supplier to Terrorists
Troops Neutralise Two Terrorists in Night Ambush Operation in Borno
Troops Arrest Three Suspected Cattle Rustlers in Borno
Troops Intercept Vehicle Conveying Illegal Diesel in Bayelsa
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