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Subsidy removal: Sanusi berates NNPC over poor oil revenue remittance 

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Former CBN Gov, Sanusi II reinstated as Kano Emir
• Sanusi Lamido Sanusi
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•Ex-emir entitled to his opinion, NNPCL remains focused, says spokesman

A former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has advised President Bola Tinubu against occupying the office of the Minister for Petroleum Resources, saying such arrangement will make it difficult for the country to hold the Nigerian National Petroleum Corporation Limited accountable.

He made this known while delivering his remarks at the Bank Directors Summit organised by the Bank Directors Association of Nigeria on Thursday in Abuja.

Sanusi who was the CBN governor from June 2009 to February 2014, also adjudged the NNPC as the “most opaque oil company in the world.”

The vocal economist slammed the NNPCL for allegedly failing to remit enough foreign exchange into the government coffers despite the removal of fuel subsidy by the current administration.

The former Emir of Kano also stressing the need to stabilise the foreign exchange market, noting that  monetary policies in the last eight years had led to rising inflation and economic downturn in the country.

According to him, the idea of the president occupying the petroleum minister office will make it difficult for anyone to raise the question of accountability.

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He said, “The exchange rate needs to be stabilised and we have to address the fundamental question, why is there no money coming in? Why is the NNPCL not able to bring in dollars? Am sorry this is the question that cost me my job and I will continue asking this question until NNPCL fixes it up or until I die. Where are the dollars? We need to shine a light on the NNPCL. The finance minister cannot tell you because he doesn’t have a monitoring system that reports to him. The finance minister can’t tell you how many barrels of petrol we produce and export. It is only the NNPCL that can give those figures. The finance ministry needs to know how much oil we produce daily, how much we sell, and where the money is going.

“We are no longer paying subsidies so where are the dollars? It was under recovery during the subsidy era and that has been stopped, so where is the money? This was the issue I raised for which I was suspended, well you can suspend me again. The NNPCL is the most opaque oil company in the world. When I was in the central bank for 15 years, they had not been audited. We have to follow the money from production to export to return, where is the money going? We paid N11tn in subsidy and there is no accountability up till now. The National Assembly called the NNPCL to bring the documents, but they refused.

He added, “By the way, let me advise that the idea of the President becoming a petroleum minister is not a good idea. The last president was the minister of petroleum for eight years.   When I was governor of the central bank we had a minister of petroleum so when I talk about the NNPCL, I could attack Diezani Madueke. Now, nobody can talk about petroleum because for eight years if you talk, you are attacking the president. We need that buffer, somebody has to be there, so a minister has to be there who is held accountable by Nigerians.”

In August, about three months after his inauguration, President Bola Tinubu split the Ministry of Petroleum Resources with the appointment of Ekperipe Ekpo as Minister of State, Gas Resources; and Heineken Lokpobiri as Minister of State, Petroleum Resources.

However, President Tinubu, in an apparent tradition of his predecessor, ex-President Muhammadu Buhari, kept the position of the substantive Minister of Petroleum Resources to himself.

CBN Act amendment

Sanusi also called for a proper audit of the Nigerian National Petroleum Company Limited to unravel the country’s daily oil production, export and the accrued revenue, noting that this call was what cost him his job at the apex bank.

He maintained that the banking sector must shore up its trust deficit in the eyes of the public and that there is no need to amend the CBN Act to keep the apex bank free of political influences.

He stated, “It is important to talk about the current conversation emanating especially from the National Assembly, to amend the Central Bank Act. Let me add my voice to those who have said there is nothing wrong with the Central Bank of Nigeria Act. There is nothing wrong with BOFIA. The CBN Act is one of the best central banking laws in the world. In fact when we reviewed central bank laws, the only laws we saw that we would learn a few things from was Bank Negara of Malaysia.

“Now if people who are supposed to implement a law don’t implement it, the solution is not to change the law, and this reaction is kneejerk if you take away the independence of the central bank and bring it under political control. You would hurt the system and on long-term, you are institutionalising the lack of autonomy. The reality is, you have an independent autonomous central bank whose independence was undermined by a combination of politicians and central bank actors. It is time to go back to what the central bank is supposed to do and implement the law.”

NNPC replies Sanusi

Meanwhile, the NNPC said it was focused at the moment on delivering the task that had been set for the national oil company, stressing that everyone was free to air their opinion.

NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, told one of our correspondent that there would be no need for an official response to the claims made by the ex-CBN boss.

He explained that constant responses could hinder the enormous task before the oil company, adding that NNPC would rather concentrate in handling the work that it was established to deliver.

“Everyone is entitled to their opinion. Constant responses to every individual can hinder our work. Our focus remains on delivering energy security, managing ongoing projects, and implementing reforms,” Soneye stated. (PUNCH)

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Gun to my head, I won’t stay beyond four years — Obi

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Peter Obi not arrested by DSS – Aide
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Former Labour Party presidential candidate Peter Obi has said he would serve only one term of four years if elected president, insisting he would serve only one term in office “even with a gun to my head.”

Obi made the statement in a clip from an interview scheduled to air on News Central TV on Thursday.

“I want to be a one-term president because of stability. I would not stay a day, with a gun to my head, longer than four years,” he said in the circulating video.

The former Anambra State governor also criticised the current administration’s economic policies, including borrowing and rising cost of living, saying Nigeria had entered one of its most difficult economic periods.

Obi contested the 2023 presidential election on the platform of the Labour Party, where he came third behind President Bola Ahmed Tinubu of the All Progressives Congress and former Vice President Atiku Abubakar of the Peoples Democratic Party.

Since the election, Obi has remained a key opposition figure, frequently criticising the Tinubu administration’s economic reforms.

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NEW ENUGU SMART CITY: Peter Mbah’s Audacious Blueprint For A Global City And A New Economic Frontier

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Enugu Gov Dr Peter Mbah
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By Dr. Collins Ogbu

Cities are the new engines of global prosperity. Across the world, nations are no longer competing merely on the strength of their natural resources; they are competing on the efficiency, innovation, livability and attractiveness of their cities. From Dubai to Singapore, from Kigali to Shenzhen, the story is the same: governments that deliberately build modern urban ecosystems create wealth, attract investors, generate employment, and redefine the future of their people.

This is precisely the philosophy driving *Governor Peter Ndubuisi Mbah*’s ambitious vision for Enugu State.

When Governor Mbah declared his determination to grow Enugu’s economy from $4.4 billion to $30 billion, many saw it as audacious. But history teaches that transformational leadership is often mistaken for impossible ambition; until execution begins to silence doubters. Today, the New Enugu Smart City stands as one of the clearest physical manifestations of that economic revolution: a bold urban expansion project designed not merely as a real estate development, but as a futuristic economic ecosystem that will fundamentally alter Enugu’s economic trajectory.

The New Enugu Smart City

For decades, the old Enugu metropolis has borne the pressure of population growth, rising commercial activity, inadequate housing supply, traffic congestion, urban sprawl, and increasing pressure on public infrastructure. Like many fast-growing African cities, urban expansion often happened without long-term planning. Roads became overstretched, commercial clusters became chaotic, and housing shortages intensified. The answer to such pressures globally has never been to merely manage congestion; it has been to build new cities.

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Abuja was built to decongest Lagos and create a more centrally planned capital. _Eko Atlantic_ emerged as a premium urban extension to accommodate business growth. _Konza Technopolis_ was conceptualized as Africa’s Silicon Savannah. _King Abdullah Economic City_ was created to diversify an oil-dependent economy.
_Songdo International Business District_ became a global reference point for smart urban development through integrated digital infrastructure.

The _New Enugu Smart City_ belongs in that class of visionary projects.

It is strategically designed as a modern mixed-income, mixed-use urban settlement that caters to both high-net-worth individuals and middle-income earners. Unlike elitist urban projects that often exclude the average citizen, Enugu’s model deliberately creates opportunities for luxury housing, commercial districts, technology hubs, hospitality centres, industrial clusters, retail spaces and affordable residential schemes. This means that whether one is a corporate executive, diaspora investor, entrepreneur, civil servant, student, artisan or hospitality investor, there is a place for everyone within the emerging urban ecosystem.

At the heart of every smart city lies infrastructure intelligence. The New Enugu Smart City is envisioned with modern road networks, integrated drainage systems, uninterrupted power architecture, smart security systems, broadband-enabled connectivity, efficient waste management systems, green recreational spaces, industrial layouts, commercial districts, healthcare facilities, educational institutions and technologically enabled public services.

This is what separates a smart city from conventional urban settlements.
Traditional cities often expand reactively. Smart cities expand intentionally.
Traditional cities battle traffic chaos. Smart cities deploy intelligent mobility systems.
Traditional cities struggle with utility inefficiency. Smart cities integrate modern infrastructure from inception.
Traditional cities create informal congestion. Smart cities optimize space for productivity.
And productivity is where the real conversation begins.

Land itself is one of the greatest wealth creation tools available to governments. Globally, cities such as Dubai generated billions through strategic land development, infrastructure-led real estate appreciation, tourism expansion, and business investments. The New Enugu Smart City presents similar revenue-generating opportunities through land allocation, property taxes, business licensing, hospitality investments, industrial occupancy, tourism spending and foreign direct investment inflows.

As property values appreciate, internally generated revenue rises.
As businesses move in, employment expands.
As investors arrive, confidence deepens.
As population shifts, congestion reduces in the old city.
It is a cycle of growth that smart economies understand very well.

The decongestion benefits alone are enormous. Existing commercial centres in Ogbete, Independence Layout, Abakpa, Coal Camp and surrounding districts have long experienced infrastructure pressure due to concentrated economic activities. By creating an entirely new urban destination, government is redistributing population density and commercial activity in a way that ensures balanced development across the state.

This is how globally competitive cities are built;not by overburdening old districts, but by creating new economic corridors.

And what makes this even more strategic is that the New Enugu Smart City is not developing in isolation.

It is rising within a broader ecosystem of transformational infrastructure already being built by the Mbah administration.

Enugu Air is opening Enugu to regional and global connectivity while positioning the state as a major aviation hub in southeastern Nigeria. New dual carriageways and modern road corridors are dramatically reducing travel time across urban and rural communities. The development of world-class transport terminals is redefining organized mass transit and improving urban mobility.

The construction of Smart Green Schools across the 260 political wards in Enugu State is creating the human capital pipeline that future industries within the Smart City will require. These schools are embedding digital literacy, innovation and modern learning systems into the educational ecosystem. The ongoing rollout of Type-2 Primary Healthcare Centres ensures healthcare accessibility at the grassroots level, while the 300-bed international hospital is positioning Enugu as a destination for advanced medical services and medical tourism.

The International Conference Centre, alongside the nearly-completed five-star ICC hotels, further strengthens Enugu’s business tourism credentials. Conferences, summits, exhibitions and international business events require premium accommodation, modern residential options and commercial infrastructure; and the New Enugu Smart City provides exactly that complementary ecosystem.

Governor Mbah’s target of attracting three million visitors annually becomes significantly more realistic when supported by a city that can comfortably absorb tourists, investors, conference attendees, returning diaspora citizens and business travelers.

Visitors need hotels.
Professionals need homes.
Investors need infrastructure.
Businesses need certainty.
The Smart City answers all four.

More importantly, this project opens massive opportunities for private sector participation. Real estate developers, construction firms, fintech companies, hospitality brands, logistics operators, retailers, healthcare providers, educational institutions and manufacturing concerns all stand to benefit from the city’s growth trajectory.

This is how new economies emerge.
A construction economy first.
Then a services economy.
Then a technology economy.
Then a tourism economy.
Then a manufacturing ecosystem.
Then sustainable long-term prosperity.

This model has transformed Shenzhen from a fishing settlement into a global manufacturing giant. It transformed Dubai from a desert outpost into a global investment capital. It transformed Kigali into one of Africa’s cleanest and fastest-growing urban destinations.

Enugu is writing its own version of that story.
The symbolism is equally powerful.

For decades, Enugu has proudly borne the identity of the Coal City. But the future demands a broader identity; one rooted in innovation, enterprise, global competitiveness and smart urban planning. This is why the Governor now calls it: THE CITY OF GREAT MINDS!

The New Enugu Smart City represents that transition.
From legacy economy to future economy.
From administrative capital to investment destination.
From regional relevance to global competitiveness.
From potential to performance.

Governor Peter Ndubuisi Mbah understands what many leaders fail to grasp; that economic greatness is often built through infrastructure decisions whose true value unfolds over decades.

The New Enugu Smart City is not just about buildings.
It is about building confidence.
It is not just about roads.
It is about creating routes to prosperity.
It is not just about urban expansion.
It is about economic expansion.

And years from now, when investors, tourists, multinational corporations, technology firms and families choose Enugu as their preferred destination, many will look back at this moment and recognize that this was where the future began.

A city is being built.
But beyond that;
an economy is being born.

• By Dr. Collins Ogbu – SSA to the Governor of Enugu State on Strategic Communications

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Anambra Police arrest two over kidnap, murder of Bishop in Delta

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The two suspects paraded by the police
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A middle-aged man has been arrested over alleged involvement in gruesome murder of his employer, a Pentecostal Bishop of End-reconciliation Ministry Asaba, Delta State.

The suspect was said to have also attempted to dispose of the deceased Toyota Prado Jeep in Nkpor, Idemili North Local Government Area of Anambra State before his arrest.

Confirming the incident on Wednesday while briefing newsmen, Commissioner of Police, State Command, CP Ikioye Orutugu said the suspect was arrested together with his accomplice alleged to be the buyer of the stolen vehicle.

The vehicle of the murdered Bishop

He said the stolen vehicle was also recovered from the suspects during the operation.

According to Orutugu, “The breakthrough followed a swift intelligence-led operation by Operatives attached to the Rapid Response Squad (RRS), Awkuzu, which led to the arrest of the suspect and another individual alleged to be the buyer of the stolen vehicle.

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“Preliminary investigation reveals that the suspect, who served as the Bishop’s driver and domestic staff, allegedly conspired with yet-to-be-identified criminal elements to murder the cleric before fleeing with the victim’s Prado Jeep to Anambra State for sale.

“Police Operatives, acting on credible information, tracked and intercepted the suspects in Nkpor, successfully recovered the stolen vehicle, and took them into custody for further interrogation.”

According to CP, investigations are ongoing to apprehend other members of the criminal gang involved in the incident and fully unravel the circumstances surrounding the unfortunate murder.

He advised residents to exercise due diligence in the recruitment and management of domestic staff, drivers, and other household employees.

Orutugu also urged members of the public to properly profile and verify the identities of persons employed in their homes and establishments, while also remaining vigilant to suspicious behaviours and activities.

“We assure the public that the Command remains committed to proactive policing, intelligence-driven operations, and collaboration with sister security agencies to ensure the safety of lives and property across the State.

While speaking to newsmen, the bishop’s driver said, “immediately we arrived home and my boss asked me to open the gate, I didn’t know that some people were trailing behind us.

“One of them rushed me, ordered me to lie down and marched my head and hit it with the gun. They went inside and met my master.

“They threatened to kill me if I raise alarm or call the police. They asked me to contact someone from Onitsha who will buy the vehicle. The buyers came this morning and took the vehicle.”

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