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Odu’a Investment Limited Celebrates 60 Years of Cocoa House 

Odu’a Investment Limited Celebrates 60 Years of Cocoa House 

Kemi Olaitan in Ibadan 

The Group Chairman, Odu’a Investment Company Limited (OICL), Otunba ‘Bimbo Ashiru, on Tuesday, assured investors of the commitment of the leadership of the conglomerate to make the iconic Cocoa House a hub for the future.

He gave the assurance at an event to mark 60 years since the inauguration of West Africa’s first skyscraper.

The commemorative event, which took place at the Cocoa House, Ibadan, drew dignitaries that include governors of the six South-west states, who were represented by their Secretaries to their State Governments (SSGs), business leaders and descendants of the visionaries behind the historic edifice, grandchildren of Chief Obafemi Awolowo and Chief Ladoke Akintola, among others.

Ashiru said the board under his leadership has no intention of letting the story of the edifice fade into nostalgia, adding that it would be a hub for integrating modern infrastructure, sustainable practices and cutting-edge facilities to preserve its soul.

He reflected on the building’s symbolic importance and resilience, recalling the devastating fire of January 9, 1985, that claimed lives and threatened its existence, describing its restoration as “an act of defiance” that demonstrated the indomitable spirit of the people.

He said: “Cocoa House, at 60 years old, is not just a building we work in; it is a living, breathing chapter of our collective story as a people. At 60, it is not slowing down; it is standing taller than ever, calling us to match its resilience with our own.

“May Cocoa House continue to inspire us to think big, act boldly, and work together for the good of our people.”

In his welcome address, the Group Managing Director of OICL, Mr. Abdulrahman Yinusa, described Cocoa House as more than a building, calling it a “statement” of the vision and enterprise of the Yoruba nation, tracing its history to 1965 when it was built from the proceeds of cocoa under the leadership of Chief Obafemi Awolowo and inaugurated by Chief Ladoke Akintola.

“Cocoa House is our talking drum – it calls us to remember who we are. She is our oríkì in stone and glass, telling the world of a people who could plant cocoa and harvest skyscrapers,” he said. 

Yinusa then highlighted recent upgrades, including modernization of the reception area, improved parking and enhanced surroundings, stressing OICL’s commitment to blending preservation with modernization.

The event also featured the premiere of a Cocoa House documentary, goodwill messages from the representatives of the South-west governors who are the shareholders, Development Agenda for Western Nigeria (DAWN) Commission, the South West Development Commission, and a panel discussion on ‘The Evolution of High-Rise Buildings in Nigeria.’

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Kemi Olaitan in Ibadan  The Group Chairman, Odu’a Investment Company Limited (OICL), Otunba ‘Bimbo Ashiru, on Tuesday, assured investors of the commitment of the leadership of the conglomerate to make
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Tuggar: Nigeria’ll Leverage TICAD To Deepen  Diplomatic, Economic Partnerships With Japan, African Continent 

Tuggar: Nigeria’ll Leverage TICAD To Deepen  Diplomatic, Economic Partnerships With Japan, African Continent 

* To expand $1bn trade relationship with Japan 

* Supports Africa’s commitment towards debt rescheduling and restructuring 

* To lobby world leaders for possible seat at the UN security council, international court of justice

Deji Elumoye in Abuja 

Nigeria is to leverage the Tokyo International Conference on African Development (TICAD) to advance diplomatic and economic relations with Japan and African partners, positioning as a leader in advocating for global financial system reforms and seeking broader support in global politics.

The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, made this disclosure on Tuesday while speaking to newsmen ahead of Nigeria’s first participation in the Tokyo International Conference on African Development TICAD, holding in Yokohama, Japan from Wednesday to Friday.

He explained that under President Bola Tinubu’s leadership at TICAD9, Nigeria will strengthen partnerships across Africa, fostering economic diversification, greater regional integration and enhanced connectivity to deliver broad-based benefits to all citizens.

“And in the case of Nigeria, because it is a leading economy on the  continent, we seek to do what Japan did here in the 60s and 70s, because at that time Japan was the second largest economy in the world, what Japan did was to diversify into other Asian countries, and you had Japanese corporations that are referred to as Kabushiki Kaisha, they invested in other Asian countries. 

“You need an industrial base, which is what Nigeria is trying to achieve, which is what President Tinubu is committed to, and that way we can create those jobs for our teeming youths to tackle the issue of unemployment.

“And, of course, the macroeconomic reforms of President Tinubu is already in progress, and we’re beginning to feel the positive effects,” he stressed.

The minister stressed that Nigeria, being a leading economy in Africa, plays a pivotal role in the reform of the global financial architecture and is committed to supporting the continent’s efforts towards debt rescheduling and restructuring to foster sustainable growth.

His words: “Nigeria plays a very pivotal role when it comes to the reform of the global financial architecture that we continue to talk about. Because unless we have that reform in the global financial architecture, we cannot benefit, and Africa as a whole cannot benefit. 

“It does not benefit us if others are not also making progress. So with some of the things that are being tabled here, the United Nations is here, the World Bank is here, it is all about the issue of debt, debt rescheduling and debt restructuring. 

“Nigeria is leveraging, first and foremost, on this ticket to strengthen its relationship with Japan and also with other African countries, so that it leads the way in providing that restructuring of the global financial architecture, so that the whole continent, would benefit so that Africa would benefit.”

Tuggar emphasised that industrialization-driven reforms are essential for Nigeria to create jobs for its growing youth population and combat unemployment, which is currently being actively pursued by the President Bola Tinubu-led administration.

“So that Asian miracle is actually what Japan did, which is referred to as the flying geese effect, where you invest in other countries, you create that integration of economies, connectivity, and you benefit from it,” he said.

Tuggar further revealed that Nigeria aims to expand its $1 billion trade relationship with Japan to incorporate additional sectors, including the export of more agricultural commodities, while also broadening Nigerian-Japanese developmental cooperation through the Japan International Cooperation Agency (JICA) and the Japan External Trade Organization (JETRO).

The minister further said Nigeria with the attendance of 17 Heads of African countries, will engage the TICAD platform to further strengthen alliances and bolster its chances of securing the United Nations Security Council seat, the lobby for the  International Court of Justice seat and the International Maritime Organisation seat, among others.

“There’s the issue of the seat in the UN Security Council. So this is the right platform, particularly since as many as 17 heads of state are being expected, for Nigeria to lobby for that.

“There’s a seat in the International Court of Justice. There is the OPCW in the Netherlands, and there’s also the International Maritime Organization seat, a seat for a country, not an individual.

“And we need to be on the decision making tables of the world, which is why we need that position in the United Nations Security Council,” Tuggar added.

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* To expand $1bn trade relationship with Japan  * Supports Africa’s commitment towards debt rescheduling and restructuring  * To lobby world leaders for possible seat at the UN security council,
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Customs Intercepts N692m Illicit Drugs in Katsina

Customs Intercepts N692m Illicit Drugs in Katsina

Francis Sardauna in Katsina 

The Katsina Area Command of the Nigeria Customs Service (NCS) has intercepted two private vehicles loaded with illicit drugs worth N692 million along Kongolom and other border communities in the state.

The illicit drugs, comprising 14 cartons of tramadol worth N28 million, fragaballin capsules worth N650 million and 194 wraps of cannabis sativa, amounting to N692 million, were concealed in the two vehicles.

Displaying the items before journalists, the Command Area Controller, Comptroller Abba-Aji Idriss, said the intercepted illicit drugs were the first of its kind in the history of the command. 

He lamented that most of the border communities in the state are infiltrated with illicit drugs and the smugglers had deviated from rice smuggling to illicit drugs for profitable gains.

He said: “Recently in one of our borders, we were able to confiscate illicit drugs, tramadol in particular in a large quantity of about 14 cartons worth N650 million. We also confiscated fragaballin capsules worth almost N28 million. 

“This is the largest of its kind in the command, and you can not divorce the use of drugs from banditry that is going on in this region. All these were conveyed in private vehicles. 

“They have to conceal the items in vehicles that will make you believe that the vehicles are ordinary vehicles, and we will never know if we don’t stop and search. 

“By so doing, luck was on our side and we came across two vehicles at different times, and each of them conveyed a very large quantity of these illicit drugs.”

He, however, said one suspect has been arrested in connection with the seizures and would be charged to court after preliminary investigation.

Idriss called on residents of the state to work assiduously with the command in order to tame the activities of smugglers in the state.

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Francis Sardauna in Katsina  The Katsina Area Command of the Nigeria Customs Service (NCS) has intercepted two private vehicles loaded with illicit drugs worth N692 million along Kongolom and other border
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Dansuki’s Governorship Bid: A Beacon of Experience, Equity and Urgent Change for Cross River

Dansuki’s Governorship Bid: A Beacon of Experience, Equity and Urgent Change for Cross River

Kalu Okoronkwo 

In a state yearning for transformative leadership, Hon. Daniel Asuquo, affectionately known as Dansuki, stands as a formidable candidate for the 2027 gubernatorial race. 

With over two decades of dedicated public service, Dansuki’s track record of legislative accomplishments and grassroots impact starkly contrasts with the underwhelming tenure of incumbent Governor Prince Bassey Otu. 

As Cross River grapples with economic stagnation, misplaced priorities and unfulfilled promises, Dansuki’s Ejagham roots, commitment to rotational equity, and willingness to embrace a one-term pledge position him as the ideal leader to steer the state towards prosperity. Moreover, in an era where the All Progressives Congress (APC) is increasingly accused of perpetuating national poverty through ineffective policies, Dansuki should boldly pivot to a vibrant opposition platform like the Peoples Democratic Party (PDP) or African Democratic Congress (ADC) to amplify his vision.

Dansuki’s political journey is a testament to sustained excellence and constituent focused governance. Beginning as Personal Assistant to the Chairman of Akamkpa Local Government Council in 1996, he advanced to Director General of the Cross River State Electrification Agency from 2008 to 2010, where he championed rural electrification projects that illuminated remote communities and boosted local economies. 

Elected to the House of Representatives for Akamkpa/Biase Federal Constituency in 2011, Dansuki served until 2023, earning acclaim for his contributions to infrastructure, finance and community development. During his tenure, he facilitated scholarships, youth empowerment programmes, and constituency projects that directly improved lives efforts recognized when he dedicated a prestigious students’ award to his constituents in 2014. 

His superlative performance as a ranking member included advocating for federal allocations that enhanced roads, healthcare and education in his district, setting a benchmark for accountable representation. 

Unlike fleeting politicians, Dansuki’s longevity in office reflects a deep commitment to Cross River’s progress, making him uniquely equipped to tackle gubernatorial challenges. 

This stands in sharp relief to Governor Otu’s administration, which, two years in, has been plagued by criticisms of poor performance and socio-economic struggles. Midterm assessments paint a grim picture: economic indicators reveal growing public discontent, with Otu’s optimistic rhetoric clashing against widespread pessimism over stalled development critics, including PDP support groups, decry the era as one where “Cross River has never had it so bad,” highlighting governance failures that have exacerbated poverty and unemployment. 

A particularly contentious decision is the recent procurement of two Bombardier CRJ1000 aircraft for the state

owned Cally Air at an estimated cost running into billions of naira, with plans for three more. 

Many argue that this is wasteful extravagance, especially given the airline’s history of minimal returns under previous administration yielding no substantial value to the state while essential sectors like healthcare and education languish. Similarly, Cross River’s Internally Generated Revenue (IGR), while showing some nominal increases to around N46 billion in early 2025, remains below the national average at about 20% of total operating revenue, underscoring inefficiencies in revenue mobilization amid broader economic woes. 

The state’s performance at the 22nd National Sports Festival in May 2025, despite early medal wins, has been overshadowed by broader critiques of inadequate preparation and funding, reflecting a pattern of underinvestment in youth and sports development.

These shortcomings illustrate a leadership vacuum that Dansuki’s proven expertise could fill.

Beyond experience, Dansuki’s candidacy champions ethnic equity in a state where the Efik community has disproportionately held key offices. 

Figures like former Governor Donald Duke and current Governor Otu, both Efik, have dominated southern representation, marginalizing other groups within the Southern Senatorial District. As an Ejagham indigene from Akamkpa, Dansuki offers a fresh perspective, ensuring broader inclusivity and addressing long-standing grievances among non-Efik southerners. 

This aligns seamlessly with Cross River’s “Back to South” rotational governorship agreement, an unwritten pact promoting zonal fairness across the North, Central, and South districts. Having rotated back to the South in 2023, a Dansuki governorship could honour this by committing to a single term much like Peter Obi’s principled stance and pledge to a nation desirous of surgical change. 

A one-term pledge would reinforce unity, allowing the cycle to continue equitably in 2031 and preventing any district’s dominance.

Party dynamics further strengthen Dansuki’s case. Having recently joined the APC after stints in PDP and Labour Party, he should not hesitate to defect again if the ruling party hinders his pro-people agenda.

The APC’s national track record marked by policy critics entrench poverty through inflation, insecurity and economic hardship mirrors Otu’s state-level failures, making it an ill-fit for Cross River’s revival. Switching to the PDP, with its historical stronghold in the state, or the ADC, known for progressive ideals, would invigorate Dansuki’s campaign, attracting disillusioned voters and robust networks Such a move, far from shameful, echoes strategic shifts by successful leaders prioritizing impact over loyalty.

In essence, Dansuki isn’t just able to run he’s the superior choice. His legislative triumphs, ethnic representation, adherence to rotation via a one-term commitment, and potential opposition alignment promise a departure from Otu’s era of waste and underachievement. As 2027 approaches, Cross Riverians must rally behind Dansuki for the equitable, experienced leadership the state desperately needs.

* Mr. Okoronkwo, a social commentator, writes from Lagos

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Kalu Okoronkwo  In a state yearning for transformative leadership, Hon. Daniel Asuquo, affectionately known as Dansuki, stands as a formidable candidate for the 2027 gubernatorial race.  With over two decades
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Lagos Emphasizes Crucial Role of Civil Servants in Anti-Money Laundering War

Lagos Emphasizes Crucial Role of Civil Servants in Anti-Money Laundering War

The Lagos State Government at the weekend called for cooperation and vigilance among stakeholders across all economic spheres of the country in the war against money laundering and terrorism financing, describing it as a threat to global peace.
Declaring open a three-day strategic level anti-money laundering and countering terrorism workshop for senior officials of the Lagos State Government in conjunction with the International Institute for African Defence, Security & Governance, in Epe, Lagos, the state Commissioner for Finance, Abayomi Oluyomi, said the training is to enable the civil servants as critical stakeholders gain insights, skills, and strategies needed to enhance their professional capabilities and “contribute to the collective efforts to create a safer and more secure world.”
The commissioner, who was represented by the Permanent Secretary, Lagos State Treasury Office, and Accountant-General of the state, Dr. Abiodun Muritala, reminded the participants “that the fight against money laundering and terrorism financing requires continuous vigilance, adaptability, and a spirit of cooperation across borders and sectors.
“Your role in this mission is crucial, and your dedication is vital to our collective success,” he added, expressing confidence that the training will empower them to make a positive impact in their various Ministries, Departments and Agencies, and Lagos State at Large.
He also challenged the participants to make the results of all they learn felt in the days and years ahead in the journey to building a brighter and more resilient future for all.
Welcoming participants earlier, Major General (Retired) Emmanuel Whyte, Country Director of the International Institute for African Defence, Security & Governance, said the workshop’s theme “reflects an urgent and necessary call to action.”
Africa and indeed the globe, he continued, “are witnessing an evolving landscape of financial crimes, terrorism financing, and abuse of state systems.”
These, he told the participants, are manifesting in increased “illicit financial flows, procurement fraud, anonymous corporate structures, and weak internal control systems that continue to threaten our national security and development.
“As many of us are aware, Nigeria recently met the requirements for exiting the Financial Action Task Force (FATF) grey list. This effort demanded a whole-of-society response, and the role of our subnational actors, particularly strategic-level officials like yourselves cannot be overstated. Your vigilance, commitment, and leadership are essential to ensuring that Nigeria not only meets but sustains international AML/CFT standards,” he stressed.
Lagos, as Nigeria’s centre of excellence, he said, “must continue to build resilient governance systems that is capable of identifying and mitigating risks as well as protecting public resources from misuse and criminal infiltration.”
Also speaking on the essence of the training, Whyte said it “seeks to create preventive operational systems that aligns with national and international compliance standards. It is about strategic foresight, institutional discipline, and integrity of purpose. Driving a preventive organisational culture that can withstand pressure, systems that works, regardless of interference.”
Addressing newsmen on the sidelines of the workshop, Ade Shonubi, a facilitator said the programme is meant to educate senior civil servants in the state “on what money laundering is, what the risks and impacts are, both on the state and themselves as individuals.”
Many people, he regretted, do not understand what money laundering is, whether it is the proceeds of theft or kidnapping, stressing that the 2022 Act is more encompassing that that, as it touches their individual lives.
“Some of the things other people do in different countries touches us as Nigerians,” stressing that the more people that can be educated at sessions such as this, especially those involved in governance and carrying out service on the evil of money laundering, the better for everybody.
“A lot of people interact with them for one business or the other, and also the state government, especially Lagos State and if it were to be a country of its own it would be the fifth largest economy in Africa. As such, the impact Lagos State has on the country is quite significant.
“When we reviewed the peer group- Edmond Group, FATF that put us on the gray list, they talked to those who are in government and Lagos State will be one of them, and that is one of the reasons we need to educate the top civil servants of the state and get them to understand what money laundering is all about,” he stressed.
General Whyte further told newsmen that the training is important because the country and certain strategic level leaders ought to know that money laundering and financing terrorism affect Nigeria as a nation negatively.
The Financial Action Task Force (FATF), he stressed, has a list of actionable recommendations that affect nations, stressing that “Nigeria is, in fact, about exiting the gray list because we’ve met some of the require met some of the requirements.”
“Money laundering, when alluded to a country affects the financial integrity of that country’s economy. As such, this training is aimed, not just to create awareness, but bringing forth implementation plans that can help Lagos State ensure that their handling of public finances and procurement processes meet the international integrity standard, just as it will also impact positively on Nigeria.
“One of the things lacking in the eyes of foreign investors when it comes to doing business in Nigeria is that our financial dealings do not have integrity,” he added, noting that the participants will leave the training better informed to impact their MDAs positively when it comes to handling public funds and better placed to earn public trust by financial officers and procurement process.
Mrs. Saheed Rasheedat, Director, Project Financial Management Office of the State Treasury Office, a participant, said the workshop has exposed them to the danger posed by money laundering activities and how to check it, and not participate innocently in such activities especially as the Act does not excuse ignorance as public officers in the course of performing their duties.
“The workshop has thrown a lot of insights to help us guide ourselves while discharging our duties as public officers,” she added.
According to the organisers, Lagos State is pioneering the process which will be replicated the training across states and various sectors of the country’s economy.

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The Lagos State Government at the weekend called for cooperation and vigilance among stakeholders across all economic spheres of the country in the war against money laundering and terrorism financing,
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Yoruba Heritage Forum Warns Alaafin Against Stirring Supremacy Tensions With Ooni

Yoruba Heritage Forum Warns Alaafin Against Stirring Supremacy Tensions With Ooni

The Yoruba Heritage Forum has issued a stern warning to Oba Abimbola Owoade, the Alaáfin of Ọ̀yọ́, cautioning him against what it described as attempts to distort Yoruba history and reignite traditional rivalries, particularly concerning the status of the Ooni of Ifẹ̀.

This follows reports that the Alaafin allegedly issued an ultimatum to the Ooni, Oba Adeyeye Enitan Ogunwusi, over the conferment of a chieftaincy title on prominent businessman Chief Dotun Sanusi.

In a statement signed by its General Secretary, Olufemi Aduwo, the Forum described the Alaafin’s actions as “legally baseless and historically unsustainable,” stressing that there is no valid court ruling granting the Alaafin supremacy over the Ooni in matters of traditional authority.

“Any reliance on such a phantom judgment constitutes a grave error and distortion of Yoruba history,” Aduwo stated. He emphasised that while the Ọ̀yọ́ Empire held significant sway in certain periods, it never represented the entirety of Yorùbáland, nor did its political influence equate to spiritual or cultural supremacy.

Citing historical and colonial records, Aduwo reaffirmed that the Ooni of Ifẹ̀ remains the spiritual father of the Yoruba people — a status that transcends geography and political boundaries. He referenced key texts, including Samuel Johnson’s The History of the Yorubas (1921) and British colonial intelligence reports, which consistently recognised Ifẹ̀ as the cradle of the Yoruba civilisation and the Ooni as the custodian of its heritage.

“Traditional authority in Yorubaland is not coterminous with modern local government areas,” Aduwo said. “The Ooni’s position is not merely that of a local king in Ifẹ̀, but a symbolic and spiritual figure whose relevance extends across the Yoruba world.”

The Forum also dismissed any suggestion that chieftaincy titles conferred by the Alaafin, including the historically significant but now largely ceremonial title of Ààrẹ Ọ̀nà Kakanfò, carry authority beyond Oyo and its surrounding areas.

In a direct warning to Oba Owoade, Aduwo said: “The Alaafin is firmly advised to desist from issuing childish threats or attempting to re-ignite dormant rivalries. The Yoruba nation, already burdened by insecurity and economic instability, cannot afford another crisis over chieftaincy politics.”

He concluded by affirming that any attempt to provoke unrest under the guise of traditional supremacy would be met with resistance — both legally and by the collective will of the Yoruba people.

The statement adds to ongoing debates within Yorubaland over the scope of influence and historical legacy of various royal institutions, amid growing calls for unity and cultural preservation in the face of national challenges.

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The Yoruba Heritage Forum has issued a stern warning to Oba Abimbola Owoade, the Alaáfin of Ọ̀yọ́, cautioning him against what it described as attempts to distort Yoruba history and
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NACCIMA, TETFund Forge Alliance to Boost Innovation, Skills, Economic Growth

NACCIMA, TETFund Forge Alliance to Boost Innovation, Skills, Economic Growth

In a significant move to deepen collaboration between Nigeria’s private sector and tertiary education institutions, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Tertiary Education Trust Fund (TETFund) have agreed to a new strategic partnership aimed at driving innovation, entrepreneurship, and workforce readiness.

Led by its National President and Chairman of the Organized Private Sector of Nigeria (OPSN), Engr. Jani Ibrahim, a high-level NACCIMA delegation visited the TETFund headquarters in Abuja today.

The team was received by the Executive Secretary of TETFund, Arc. Sonny S.T. Echono, during what both parties described as a milestone engagement.

Discussions during the meeting focused on collaborative initiatives including entrepreneurship development, support for the green economy, commercialization of academic research, industry–academia synergy, and skills development to better equip graduates for the evolving demands of the labour market.

A key outcome of the meeting was the mutual agreement to sign a Memorandum of Understanding (MoU) and establish a NACCIMA–TETFund Joint Technical Committee that will oversee the implementation of agreed initiatives.

Both sides also expressed commitment to developing additional partnership frameworks that will bolster Nigeria’s competitiveness and economic resilience.

Also present at the engagement, Prof. Umar Bindir lauded the collaboration, highlighting the need for structured, long-term partnerships between academia and the private sector to generate practical solutions to Nigeria’s socio-economic challenges.

Arc. Echono, in his remarks, praised NACCIMA’s leadership in promoting enterprise and innovation, and reaffirmed TETFund’s readiness to work closely with the Organized Private Sector to foster research, innovation, and economic transformation.

This collaboration positions NACCIMA as a key driver of national development, helping to bridge the gap between education, enterprise, and policymaking, while empowering young Nigerians and strengthening the foundation of the country’s knowledge economy.

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In a significant move to deepen collaboration between Nigeria’s private sector and tertiary education institutions, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Tertiary
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