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With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy

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With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy

By: Michael Mike

About 150 Indian companies have invested more than US$27 billion in Nigeria in the last four decades, the Indian High Commissioner to Nigeria, Gangadharan Balasubramanian has revealed.

Balasubramanian made the disclosure in his address at the anniversary celebration of the 75th Republic Day of India, organised by the Indian mission on Friday night in Abuja, noting that India remains interested in investing more in Nigeria.

The envoy while describing relations between India and Nigeria as excellent, said India will continue to play significant role and contribute to the global good, adding the recently concluded Indian Presidency of G20 showcased the country’s readiness to effectively play a global role.

He said India stand shoulder-to-shoulder with Nigerian friends in the joint journey towards development and that the Government of India is committed to further strengthening such ties.

Balasubramanian also said: “India and Nigeria enjoy strong and historical relations. With the ties dating back to before Nigeria’s independence, our bilateral relations have been nurtured by the leadership of both the countries.

“Our economic and trade relations are strong and growing. Currently nearly 150 Indian companies with an investment of 27 billion dollars are in Nigeria, mainly in the manufacturing sector and employ the largest number of people after the Federal Government.

He noted that: “Owing to the special relationship, India had invited Nigeria as a Guest Country during her presidency of G20. We had a memorable visit of President Bola Tinubu to the G20 Summit in September, 2023 that consolidated the ties further.

“Out of the 14 billion dollars promised during this visit as investment into Nigerian economy, 7 billion dollars has already been signed immediately after the visit.”

The envoy reiterated his country’s commitment to deepen the India-Nigeria ties in terms of the recent visit by India External Affairs Minister, Dr. Subrahmanyan Jaishankar for the Joint Commission meeting held in Nigeria.

The envoy attributed progress made by his country to the working of his country’s Constitution adopted in 1950, saying from the end of the last century till now, India has become one of the fastest growing emerging economies.

He said: “Today with more that 3.7 trillion dollars GDP, her economy is the fifth largest in the world. Education, health and economy have been consistent targets of successive governments in India resulting in all round improvement of standard of living of Indian citizens.

“We run one of the world’s largest health insurance schemes, made education a fundamental right, continue with the biggest welfare initiative in providing food grains to significant percentage of Indian citizens, increased the paying capacity of the people and provided equal opportunities to all.

“We have drawn up schemes to uplift the vulnerable and on gender equality, passed legislation providing 33per cent reservation for women in parliament, to name a few.

“Starting from 1964, we have been providing scholarship for a large number of short-term courses under the Indian Technical and Economic Partnership to people around the world.

“We have become significant development partner through Lines of Credit and Grants-in-Aid to the global south, which today stands at 39 billion dollars, which includes more than 12 billion dollars to Africa,” he added.

Also speaking at the occasion, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who was represented by Ambassador Alex Kefas, Director of Europe and Regions in the ministry, said Nigeria-India cordial and friendly relations dates back to 1958.

According to him, the bond between the two countries is deep and can be characterized by historical and cultural connections strengthened through our shared struggle for independence, which formed basis for their partnership.

“The state of Nigeria-India economic relations has seen remarkable improvement in recent years. Trade volume between the two countries has increased significantly.

“India is now Nigeria’s largest trading partner in Africa and the highest importer of Nigeria’sCrude Ol. Similarly, Nigeria is India’s largest trading partner in A fica.

“Bilateral trade between both countries in the last two years amounted to approximately 14.95 billion dollars in the formal sector and about USD 5 billion in the informal sector,” Tuggar said.

He said Nigeria will continue to open its door for collaboration with India as pathway to advance cordial relationship and between both countries.

The event attracted Gov. Uba Sani of Kaduna State, Mrs. Hannatu Musawa, Minister of Art, Culture and Creative Economy, Dr Jamila Ibrahim, Minister of Youth Development, Mrs. Pauline Tallen, former Minister of Women Affairs and diplomats, among others.

With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy

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Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria

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Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria

By: Zagazola Makama

Hundreds of members of the The Islamic Movement in Nigeria (IMN) in Kano on Saturday staged a protest against a viral statement attributed to United States President Donald Trump, suggesting the possibility of a military strike on Nigeria.

The protest, which took place in several parts of the Kano metropolis, saw large crowds chanting anti-US slogans while carrying placards expressing displeasure with the alleged remarks.

Zagazola Makama report that mobilisation for the protest was largely coordinated through Hausa-language social media platforms, where posts claimed that the United States was planning to “attack Nigeria.”

Video footage circulating online showed youths marching, calling for global condemnation of Trump’s alleged comments, and urging Nigerians to defend the country’s sovereignty.

The members said they viewed the comments as provocative and capable of inciting tension.

“The statement is unacceptable. No foreign nation should threaten Nigeria. This protest is to show that we will not allow external aggression,” a protester said.

The narratives circulating online suggest a growing trend of anti-US sentiment in parts of northern Nigeria, fuelled by misinformation, distrust of Western involvement, and emotional messaging tied to religion and national identity.

They expressed concern that such rhetoric, if unchecked, could escalate and be exploited by extremist groups or political actors.

Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria

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Anambra 2025: NSCDC Assures Voters of Safety

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Anambra 2025: NSCDC Assures Voters of Safety

By: Michael Mike

As the people of Anambra State prepare to cast their votes, the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Prof. Ahmed Audi has reaffirmed the Corps’ dual commitment to protecting lives and securing Critical National Assets and Infrastructure (CNAI) while ensuring a peaceful and credible electoral process.

Speaking through the Deputy Commandant General in charge of Operations, DCG Philip Ayuba, the CG assured citizens that NSCDC personnel deployed for election duty have been thoroughly briefed to operate with professionalism, neutrality, and utmost respect for human rights throughout the exercise.

He said: “Our presence at the polling stations is to protect, not to interfere. We are there to create an atmosphere where voters feel safe, confident, and free to exercise their civic rights.”

He noted that the Corps’ responsibility extends beyond providing physical security to ensuring the protection of critical installations such as electricity, water supply, communication facilities, and other public utilities that support the electoral process and national stability.

“Our mandate compels us to safeguard the assets that keep the nation running, because the credibility of any election depends not just on the safety of voters, but also on the protection of the systems that sustain it,” the CG added.

Audi emphasized that the NSCDC remains steadfast in its constitutional role of protecting lives, securing public infrastructure, and promoting peace during national assignments. He charged officers to maintain vigilance around INEC facilities, government buildings, and other strategic locations, warning that any compromise or political involvement would attract strict disciplinary action.

The Commandant General further assured that the NSCDC will continue to work in synergy with the Nigeria Police Force, the Armed Forces, and other security agencies under the Inter-Agency Consultative Committee on Election Security (ICCES) to deliver a smooth and transparent process.

He appealed to voters to remain calm, law-abiding, and cooperative with security agencies, reiterating that their safety, the protection of vital assets, and the credibility of the election remain the Corps’ top priorities.
End

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Officials of NCS Accused of Violations of Extant Laws in Auctioning Process

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Officials of NCS Accused of Violations of Extant Laws in Auctioning Process

By: Michael Mike

The President of the Association of Licensed Auctioneers of Nigeria, Musa Kurra, has accused officials of the Nigeria Customs Service of engaging in widespread impunity and violating extant laws in disposal of seized goods and containers.

Kurra made the allegation in a statement on Friday, where he described some of the actions of Customs officers in conducting direct allocations of seized items to politically connected companies and individuals as “the reckless disregard for due process”

The allegation was made against the backdrop of leaked documents which exposed direct allocation and sales of impounded containers to some firms by the NCS.

The allocation letters titled: “Direct Auction Allocation of Containers” were signed by HH Hadison, Comptroller, Special Duties, between April and July 2025.

The letters, which bear the seal of the Nigeria Customs Service Committee on Direct Disposal of General Goods, were issued to multiple private companies approving the allocation of 40-foot containers containing vehicles, prefabricated houses, construction slabs, tiles, hospital equipment, and cartons of goods, at auction fees ranging from N1m to N2m.

A review of at least five separate letters suggests a pattern of manual approvals allegedly linked to insiders within the agency.

Each letter followed a similar format, bearing the same signatory, HH Hadison, fwc, psc(+), Comptroller, Special Duties, and written on the Customs’ letterhead and watermark with the “RESTRICTED” mark.

One of the letters, dated 31 July 2025 and addressed to a company with the code MSMU8098517, approved the release of four containers reportedly containing luxury vehicles, including Lexus RX330s, Lexus ES330s, and a Toyota Highlander, at the Tin Can Island Port, Lagos. The vehicles were auctioned at a combined fee of N2m.

Another document dated 15 June 2025 approved the disposal of a container marked TCKU0400440, described as a “prefabricated house,” at N2m, while a separate letter from May 2025 allocated a container of “construction slabs” under similar conditions.

Two earlier letters dated 11 and 17 April 2025, respectively, allocated several containers containing “used hospital equipment,” “cartons of drinks,” “Versace bond cement,” “pallets of tiles,” and “packages of steel,” to unnamed companies, also for N1m to N2m each.

In each of the approvals directive was beneficiaries to make payments within five working days and evacuate the containers within 10 working days or risk forfeiture.

The letters also warned that allocations “transferred or sold to third parties shall be at the buyer’s risk.”

One of the letters titled, ‘Direct auction allocation of containers’ read in part, “I am directed to inform you that the Comptroller-General of Customs has allocated the listed containers to your company.

“This approval is in line with the provisions of the Nigeria Customs Service Act 2023, section 119, via direct auction sale. The containers shall be released to the beneficiary subject to the following conditions which are designed to ensure transparency and integrity throughout this direct auction allorati process

“Evidence of payment of the Auction Fee and 7.5 per cent VAT of the Auction Fee, all to be made at any duty-collecting bank. You are to pay the following charges in addition to the above.

“Payment of 25 per cent of the auction fee being terminal charges. Payment of 25 per cent of the auction fee, including shipping charges.

“You are to provide evidence of payment within 5 working days upon receipt of this auction allocation letter; otherwise, the allocation will be forfeited. All containers disposed of must be evacuated from the premises within 10 working days after payment or time forfeiture. Furthermore, you are to note the following caveats; Applications for the replacement of allocated containers would not be entertained.

“Any allocation letter transferred or sold by the allottee to a third party shall be at the buyer’s risk.

“Please accept the assurances of the highest esteem and regard of the Comptroller-General of Customs.”

Kurra while alleging an underhand tactics in the auctioning, said the recurring pattern of N2m per container suggests a fixed-fee arrangement inconsistent with the valuation process typically applied during legitimate auctions.

He said: “I don’t know why people choose not to respect the law anymore. The impunity with which the Service is carrying out things now is better imagined,” Kurra said. “I don’t understand what kind of country we are.”

He explained that the Bureau of Public Procurement, which was established by law as the regulatory body overseeing procurement matters, also has oversight responsibility in auction processes since auctions involve public assets and financial transactions.

“You see, there is an agency called the Bureau for Public Procurement. The BPP happens to be the regulatory body in charge of anything that has to do with procurement. An auction has to do with procurement,” he said. “BPP’s Act was promulgated by the National Assembly and assented to by the President.”

Kurra, you hike referencing the Proceeds of Crime (Recovery and Management) Act, which he said clearly outlines how confiscated or forfeited assets should be managed and disposed of by any law enforcement agency, explained that: “Under the Proceeds of Crime (Recovery and Management) Act 2022, all forfeited or seized assets by law enforcement agencies, including Customs, are to be disposed of through transparent processes, either by public auction or sale, supervised by the relevant oversight bodies. The Act prohibits direct allocation or sale of seized items to individuals or organisations outside approved channels, with violations attracting criminal sanctions.

“The POCA Act takes care of everything that concerns dealing with forfeited items. Anything that is a proceed of crime must be valued by a qualified valuer before auctioneers are invited to sell the property,” he explained. “But Customs has been flouting these provisions without remorse.”

According to him, the so-called “direct auction allocations” being carried out by the Nigeria Customs Service are illegal and not backed by any law.

“If they follow due process, we don’t have issues with them,” he said. “But when they flagrantly abuse powers that don’t belong to them, that’s where the problem lies. There is no law anywhere in this country that gives them the right to do what they are doing.”

Kurra alleged that Customs officers have been allocating seized cars and containers at ridiculous prices to cronies and companies linked to senior officials.

“What is happening is that Customs officers are issuing cars and seizing items at lower amounts without any publicised auctioning,” he said. “There was a time the Service allocated 380 vehicles to one company for N3.8 million. Among those vehicles were Prados, Hiluxes, and Benzes, each going for N10,000. This is robbery.”

He also cited another instance where 53 vehicles were allegedly allocated to a single company for N530,000, translating to about N10,000 per vehicle.

“Even a bicycle now cannot sell for N10,000, not to talk of a Prado or a Hilux,” Kurra said. “When we traced some of these deals, we discovered that the companies involved belong to Customs officers and their families.”

The auctioneers’ president called on the Federal Government to urgently intervene, warning that unchecked corruption and illegality within the Customs Service are denying Nigeria significant revenue.

“If the government is serious, they need to checkmate these people,” he said. “The president needs money to work for the people, but instead of generating it lawfully through Customs and other agencies, some individuals are enriching themselves.”

Kurra argued that the current situation leaves Customs as both the seizing authority, the valuer, and the auctioneer, a process he described as lawless and self-serving.

“In the case of Customs, they seize, they value, they auction, all by themselves. So, who is regulating them? Nobody,” he lamented. “There is a law guiding these things, but they ignore it. It’s time the government steps in to restore sanity
End

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