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Firm unveils first phase of 100MW data centre

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Kasi Cloud has commissioned the first phase of its planned 100-megawatt AI-ready hyperscale data centre campus in Lekki, Lagos, marking one of Nigeria’s most ambitious investments yet in digital infrastructure and local compute capacity.

The company said the facility is designed to support artificial intelligence workloads, cloud computing, enterprise storage and high-density digital services at a time when global demand for AI infrastructure is accelerating rapidly.

The project, estimated to cost about $250m, broke ground in April 2022, while major construction work began in the second quarter of 2023. The commissioning marks the first operational deployment within the broader campus, which Kasi Cloud plans to scale over time into a 100MW data infrastructure ecosystem.

Nigeria currently has about 17 operational data centres, according to industry estimates, with most facilities operating below 25MW capacity. Kasi Cloud said the Lekki campus is intended to significantly expand the country’s compute footprint and reduce dependence on foreign-hosted infrastructure.

Founder and Chief Executive Officer Johnson Agogbua said the project is intended to help reverse Africa’s dependence on foreign digital infrastructure by creating local capacity capable of supporting the next generation of AI-driven applications.

“What we’re most proud of is the role that our people and our team have played,” Agogbua said during a media briefing at the facility in Lagos on Saturday. “Almost every other data centre built here was designed by others for us. Kasi is Nigeria proper. Africa proper.”

The company said the first deployment includes a 5.5-megawatt data hall and a 7.5-megawatt ecosystem floor designed to accommodate local and international businesses requiring colocation, cloud hosting, storage and networking services.

According to Agogbua, the ecosystem floor is intended to allow customers to lease infrastructure ranging from a single server node to an entire aisle of racks, depending on operational requirements.

“It’s an opportunity for our international partners, local partners and local businesses to take up anything between a single node and a rack to a full aisle of IT workloads,” he said.

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Global Director, Marketing and Sales Operations at Kasi Cloud, Ngozika Agogbua, said the project sits at the intersection of technology, economics and geopolitics at a time Africa is increasingly seeking greater control over its digital future.

“Africa has become one of the fastest-growing digital markets in the world,” she said during a press conference in Lagos on Saturday. Yet when it comes to artificial intelligence, the continent still operates with less than one per cent of global compute capacity, relying almost entirely on infrastructure located outside its borders.”

According to her, the dependence on overseas infrastructure means African businesses continue exporting critical data and economic value whenever they run AI workloads.

“Every time an African business runs an AI workload, the data travels to a server in Europe or America,” she said. “The economic and strategic cost of that dependency is enormous and largely invisible.”

Agogbua described the Lagos campus as part of what could become a structural shift in Africa’s digital economy, comparing the moment to the expansion of subsea cable systems and mobile telecommunications networks that transformed connectivity across the continent over the past two decades.

“We believe this is less a company launch and more a structural turning point,” she said.

The company argued that large-scale local compute infrastructure is becoming increasingly important as governments, financial institutions, startups and enterprises across Africa accelerate adoption of AI-enabled systems and cloud-based services.

The company said the facility is also being designed to support certain GPU-intensive workloads required for AI computing while providing a carrier-neutral interconnection hub linking telecommunications operators and international submarine cable providers.

Agogbua said the upper floors of the campus are specifically designed for wholesale and hyperscale cloud providers such as Amazon Web Services, Google and Microsoft seeking expansion capacity in West Africa.

“Players like AWS, Google and Microsoft find it difficult to enter new markets and build at scale,” he said. “We have both the power and the space they need to expand.”

The company disclosed that the campus has a dedicated 132-kilovolt substation capable of scaling deployments to approximately 100 megawatts of IT load, positioning it among the largest planned AI-ready compute facilities in the region.

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Agogbua repeatedly emphasised the distinction between total power infrastructure and “critical load”, the electricity directly delivered to computing systems, storage infrastructure and networking equipment.

“When we say critical load, we mean the things that go to computers, routers and storage devices,” he said.

According to him, each floor of the facility is capable of supporting approximately eight megawatts of critical load, while a single building on the campus could ultimately scale to more than 30 megawatts.

“That’s bigger than power delivered to some small cities in Nigeria,” he said.

He argued that Nigeria’s ability to compete in the digital economy will increasingly depend on whether the country can develop infrastructure capable of supporting AI systems locally.

“If we’re going to really embrace digital and employ AI-related systems to leapfrog into modernity, we need facilities of this scale,” he said.

Agogbua said Nigeria missed earlier phases of industrialisation but could still leapfrog economically through rapid adoption of modern digital infrastructure and AI technologies.

“We can digitise early, apply modern tech and leapfrog into it,” he said. “It requires facilities of this scale. It requires deployment of this scale.”

He also urged policymakers to create conditions that encourage international technology companies to establish local operations while ensuring Nigerian talent participates directly in the ecosystem.

“Make it easy for them to enter,” he said. “But require them to have us working on it. That’s how we get training.”

A major theme throughout the briefing was data sovereignty and concerns that Africa risks remaining dependent on foreign-owned AI systems if local compute infrastructure is not developed.

Agogbua argued that African languages, culture, commerce and historical records may become under-represented in future AI models if the continent does not build domestic infrastructure and local AI ecosystems.

“Will the brain that will run the future be on our soil?” he asked. “Or are we going to be renting it?”

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He said AI systems shaping future digital experiences should increasingly be developed and operated within African cities rather than entirely from technology hubs in North America, Europe or Asia.

“If those coding the model reside in San Francisco, Munich or Shanghai and documenting our language and culture, we’ll be lost,” he said. “They should be in Yaba, Abuja, Enugu, Kano, and all of our cities.”

The company also emphasised local engineering participation in the project, describing Kasi as an African-led infrastructure initiative rather than a foreign-built deployment.

Agogbua said the company established an internal training initiative known as Kasi Academy to develop local engineering talent capable of supporting advanced digital infrastructure projects.

“When people asked how we would replicate world-class execution, we said we would grow them,” he said.

According to him, many of the engineers working on the project were trained internally through the academy, with Nigerian teams directly involved in designing and deploying key systems across the facility.

“The final design, the final rendering, is done here,” he said.

While acknowledging that some equipment and specialised manufacturing capabilities still need to be sourced internationally, he maintained that Africa already possesses the technical talent needed to build sophisticated infrastructure locally.

Beyond enterprise cloud infrastructure, Agogbua linked AI deployment to broader economic transformation across Nigeria’s informal economy, including retail markets, healthcare delivery, logistics and inventory management.

“Go to the market and watch what’s going on,” he said. “Their ledger is on worn-out paper. Their inventory is in their brain. All those are opportunities.”

According to him, AI-enabled systems supported by local infrastructure could help small businesses automate inventory management, improve forecasting and strengthen supply chains.

“That’s the opportunity for our boys and girls,” he said. “But infrastructure for it must be accessible to them.”

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Oil cargoes meant for naira-for-crude deal supplied to Dangote – NNPC

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The Nigerian National Petroleum Company Limited has insisted that it supplied all available crude oil cargoes allocated under the Federal Government’s naira-for-crude initiative to the Dangote Petroleum Refinery, saying there had been no withholding on its part.

The national oil company stated this even as a top management official of the Dangote Group disclosed exclusively to The PUNCH that the refinery was receiving just four million barrels of crude oil monthly under the arrangement, instead of about 13 million barrels envisaged after President Bola Tinubu’s 2024 directive.

The refinery had attributed its decision to switch from naira-denominated fuel sales to dollar transactions to the crude supply shortfall, saying it would also increase exports of refined petroleum products to earn foreign exchange.

Responding on Monday, the NNPC, through its spokesman, Andy Odeh, said the company had fully discharged its obligations under the naira-for-crude policy. “As a 7.25 per cent equity shareholder in Dangote Petroleum Refinery and Petrochemicals, NNPC Limited has a direct and genuine interest in seeing the refinery operate at full capacity. That is not in dispute.

“What the figures being cited require is context. Under the naira-denominated crude supply arrangement, NNPC Limited has allocated 100 per cent of all available naira crude cargoes to DPRP in 2026 — there has been no withholding on our part. Actual off-take in any period is shaped by several variables: crude availability, nomination timelines, and the refinery’s own operational scheduling.

Odeh said the NNPC has met its obligations to the refinery, saying the two parties are resolving any existing gaps together. “NNPC Limited has met its 2026 supply obligations to the refinery. Our engagement with DPRP management remains constructive, and where any gaps exist, we are resolving them together — as the partners we are.

“A fully supplied, fully operational Dangote refinery serving the Nigerian market is an obligation NNPC Limited shares without reservation,” he added.

However, the Dangote Group maintained that the crude volumes supplied under the arrangement were inadequate to sustain naira-denominated fuel sales.

A top management official of the Dangote Group had told The PUNCH that crude supply under the naira-for-crude arrangement had been limited to just four million barrels monthly despite the increase in Nigeria’s crude oil production.

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The official, who pleaded anonymity because of the sensitivity of the matter, said the refinery was now set to export a larger percentage of its products in exchange for foreign exchange.

“Since the traders have brought lots of imported products to the market, we are focusing on exports. We can’t, and we shouldn’t be fighting against the government’s policies,” the source said.

Our correspondent told the official that exporting without adequately supplying the domestic market would not be good for the country, but he responded with a question: “Is issuing massive import licences and releasing forex for imports good for the country, when 45 per cent of our production can meet 100 per cent of the entire country’s requirements in terms of petrol, diesel and aviation fuel?”

When told that the NNPC said it had increased crude supply to the Dangote refinery, the official replied, “Do you think that they will keep quiet if we process the naira crude and export the products? We are getting just four million barrels monthly.”

With the sale of petrol in dollars to local marketers, the Dangote official disclosed that the refinery would now process whatever crude it receives under the naira arrangement and supply the equivalent refined products in naira to the Nigerian market through the NNPC.

“We will account for every barrel of crude we receive against the naira payment by supplying equivalent products in naira. We will do that through the NNPC. The NNPC buys a lot from us,” he said.

The refinery had maintained that the inability to secure the expected crude volumes under the naira-for-crude initiative compelled it to abandon naira-denominated fuel sales and adopt dollar pricing for petroleum products.

Last week, the refinery announced a new dollar-denominated pricing template, fixing the ex-depot price of petrol at $0.779 per litre, diesel at $1.087 per litre and aviation fuel at $0.942 per litre.

The move has drawn criticism from petroleum marketers, who warned that it could increase pressure on fuel prices, although the Nigerian Midstream and Downstream Petroleum Regulatory Authority said the decision was consistent with the provisions of the Petroleum Industry Act, which allows refiners to recover their costs.

Supply worsens

Meanwhile, petrol supply in the Federal Capital Territory, Abuja, worsened on Monday with the closure of some major filling stations in Abuja and a fresh increase in the pump price of petrol.

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Checks by one of our correspondents showed that some stations operated by NNPC Limited and MRS along the Airport Road Expressway were shut when visited on Monday.

At stations that were dispensing the product, petrol was being sold at between N1,250 and N1,280 per litre. Bovas sold petrol at N1,250 per litre, while Azman Filling Station at 6th Avenue dispensed the product at N1,280 per litre. Salbas also sold petrol at N1,280 per litre.

The development has further heightened concerns among motorists and other consumers over the rising cost and availability of petrol in the nation’s capital. For motorists in Abuja, Monday’s development meant longer searches for petrol, closed stations and prices as high as N1,280 per litre at outlets that had the product available.

Meanwhile, truck traffic has surged across major private petroleum depots in Lagos as marketers scramble for petrol supplies following the fifth consecutive day of suspended loading at Dangote Petroleum Refinery amid growing expectations that wholesale prices could rise when operations resume.

Expert reacts

Meanwhile, Professor Emeritus of Petroleum Economics and Principal Facilitator at the FUPRE Energy Business School, Wumi Iledare, said the Dangote refinery’s decision to sell petrol in dollars should be viewed within the broader context of petroleum economics and Nigeria’s energy security rather than merely the currency in which products are priced.

According to Iledare, the move is a commercial response to the realities of the global oil market, where crude oil, the refinery’s major feedstock, is traded in United States dollars.

Iledare explained that pricing refined products in dollars enables the refinery to reduce its exposure to exchange rate volatility and provides greater revenue certainty, although it shifts part of the foreign exchange risk to fuel marketers and, ultimately, consumers, where the costs are passed on.

He stressed that the refinery’s dollar pricing would not automatically translate to higher fuel prices, noting that domestic petrol prices would instead become more closely tied to movements in international crude oil prices and the naira-dollar exchange rate.

“Does this necessarily mean higher fuel prices? Not necessarily. What it does mean is that domestic fuel prices become more closely linked to two key variables: international crude oil prices and the naira-dollar exchange rate. If crude prices rise or the naira weakens, pump prices are likely to increase. Conversely, if crude prices decline or the naira strengthens, consumers should also expect prices to adjust downward. That is how a market-oriented pricing system is expected to function,” he said.

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The petroleum expert maintained that despite concerns over dollar-denominated pricing, the Dangote refinery had strengthened Nigeria’s energy security by reducing dependence on imported petrol and improving the availability of petroleum products.

He, however, noted that domestic refining alone could not guarantee affordability, saying fuel prices would continue to depend on exchange rate stability, international crude prices, logistics costs and the level of competition in the downstream sector.

“The refinery has significantly improved the availability of petroleum products by reducing Nigeria’s dependence on imported PMS. That alone makes the country less vulnerable to disruptions in international supply chains and enhances supply reliability.

“This is why I would say that Dangote Refinery can shield Nigeria more effectively from supply shocks than from price shocks. Domestic refining improves energy security, but it cannot completely insulate Nigeria from global petroleum market dynamics because crude oil still has an international opportunity cost, whether it is refined in Lagos, Rotterdam, or Houston,” he stated.

On the implications for the naira, Iledare argued that pricing petroleum products in dollars would not automatically weaken the local currency. “As for the impact on the naira, the answer is more nuanced than many assume. Dollar pricing by itself does not automatically weaken the naira. What matters is whether the arrangement increases or reduces Nigeria’s net demand for foreign exchange,” he said.

He urged policymakers to focus less on the currency in which petroleum products are priced and more on building an efficient and competitive downstream market.

“The real issue is therefore not the currency of pricing. The real issue is whether Nigeria’s downstream petroleum market satisfies the four tests of good public policy: efficiency, effectiveness, equity, and ethics. Those are the standards by which this development should be judged,” he added.

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143 firms battle for 50 oil blocks today; read details

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The Nigerian Upstream Petroleum Regulatory Commission will open the decisive commercial phase of the 2025 oil and gas licensing round on Tuesday (today), with 143 companies set to compete for 50 blocks across Nigeria’s major and emerging hydrocarbon basins.

The commercial bid conference, by invitation only, is scheduled to take place in Abuja. The development marks the latest stage in a licensing process that began in November 2025 and has attracted significant interest from companies seeking access to Nigeria’s upstream petroleum assets.

In a statement issued on Monday, the Head of Media and Corporate Communications at the NUPRC, Eniola Akinkuotu, said companies that successfully scaled the prequalification process had been notified and invited to physically attend the commercial bid conference.

According to the commission, the 50 blocks on offer cover a wide range of geological terrains and include 16 blocks in the Niger Delta Onshore, 18 in the Niger Delta Shallow Water and one in the Niger Delta Deep Offshore.

The assets also include three blocks in the Benin Basin Onshore, four in the Anambra Basin Onshore, four in the Chad Basin Onshore and four in the Benue Trough.

The statement read, “The Nigerian Upstream Petroleum Regulatory Commission has invited qualified companies to the highly anticipated Commercial Bid Conference slated for July 21, 2026.

“These companies, which scaled through the transparent and rigorous process, have been notified and are expected to physically attend the Commercial Bid Conference taking place at the Conference Centre, Transcorp Hilton Hotel, Abuja. Attendance is strictly by invitation.

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“On offer are 50 oil and gas blocks across diverse terrains: Niger Delta Onshore (16), Niger Delta Shallow Water (18), Niger Delta Deep Offshore (1), Benin Basin Onshore (3), Anambra Basin Onshore (4), Chad Basin Onshore (4) and Benue Trough (4).

“In line with the guidelines, the elements of the bid parameters include the signature bonus, the work programme commitment and commitment to performance security, culminating in a weighted technical and commercial score that will determine the winning bid.”

The spread of the blocks reflects the Federal Government’s effort to attract investment beyond the traditional Niger Delta producing areas and stimulate exploration in frontier basins with significant hydrocarbon potential.

The commercial bids will be assessed using key parameters, including signature bonus, work programme commitments and commitment to performance security. The parameters will be combined into a weighted technical and commercial score that will determine the successful bidders.

The commission said the companies invited to the conference had emerged from a transparent and rigorous prequalification process. The 2025 Licensing Round was first announced on November 11, 2025, in line with the provisions of the Petroleum Industry Act, 2021.

The bid portal was subsequently launched on December 1, 2025, to enable interested companies to register and participate in the process. A pre-bid conference was held on January 14, 2026, at Eko Hotels and Suites, Lagos, to explain the guidelines and procedures to registered bidders and other interested stakeholders.

The registration and submission of documents for prequalification closed on February 27, 2026, while the prequalification stage was completed on March 16, 2026.

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A total of 286 companies submitted applications for prequalification. Following the evaluation process, 196 companies were prequalified to proceed to the technical and commercial bidding phase.

The commission said 143 of the prequalified companies subsequently submitted a total of 200 bids for the available assets. These 143 companies are now expected to participate in the commercial bid conference on Tuesday.

The number of bids submitted indicates that some companies are competing for more than one block, further underscoring the level of interest generated by the licensing round.

The commercial bid conference is expected to provide the commission with an opportunity to formally evaluate and compare the financial and operational commitments of the qualified bidders.

The process is also expected to test the seriousness of investors by placing emphasis not only on the amount offered as signature bonus but also on the work programmes and financial guarantees required to develop the assets.

The 2025 bid round is taking place against the backdrop of the Federal Government’s efforts to increase crude oil and gas production, attract fresh investment into the upstream sector and unlock previously underdeveloped petroleum assets.

Nigeria has struggled for years to attract sufficient investment into exploration and production due to concerns over regulatory uncertainty, insecurity, ageing infrastructure, project delays and the high cost of operating in the upstream sector.

The NUPRC has, however, said recent reforms under the Petroleum Industry Act and improvements in the regulatory environment are aimed at creating a more predictable framework for investors.

The licensing round also comes as the commission seeks to increase production to support government revenue, strengthen energy security and provide the feedstock required by Nigeria’s expanding domestic refining industry.

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The successful conclusion of the commercial bidding phase will therefore be closely watched by investors and industry stakeholders as a key test of the country’s ability to convert its petroleum resources into new exploration activity, production and economic value.

The commission’s invitation to 143 companies for the commercial bid conference represents the latest milestone in a process that began with 286 applications and has now narrowed the competition to the companies that submitted 200 bids for the 50 blocks on offer.

Following the commercial bid conference and the completion of the subsequent stages of the process, successful bidders are expected to emerge in line with the applicable rules and evaluation criteria for the 2025 Licensing Round.

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Reps member faces petition over alleged N19m travel debt

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A member of the House of Representatives representing Obudu/Bekwarra/Obanliku Federal Constituency of Cross River State, Peter Akpanke, has been petitioned over an alleged unpaid travel debt of more than N19.15m arising from the procurement and reissuance of international and local airline tickets.

The petition, addressed to the Independent Corrupt Practices and Other Related Offences Commission and obtained by our correspondent, was written by Ohanele Udokanmma, solicitor to Johnson Ugochukwu of Havilah Global Travels Limited, who accused the lawmaker of failing to settle outstanding payments despite repeated demands.

According to the petition, Akpanke engaged the travel agency on January 16, 2026, to procure three Business Class airline tickets to Rome for himself and two associates at a total cost of N24.48m.

The solicitor stated that the tickets were purchased with the agency’s funds at the request of the lawmaker. The petition further alleged that while in Rome on January 24, 2026, Akpanke requested the reissuance of the tickets for two of his companions at an additional cost of N5.79m.

It added that he subsequently requested the reissuance of another passenger’s ticket at a further cost of N1.52m. According to the petitioner, the total value of the international tickets rose to N31m.

The solicitor, however, acknowledged that the lawmaker made part payments, stating that he paid N10m before embarking on the trip and another N4m upon his return from Rome, bringing the total amount paid to N14m.

The petition stated, “The total amount our client received so far from Hon. Peter Akpanke was N14,000,000 with a balance of N17,794,468 from N31,000,000.”

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It also alleged that the travel agency later procured an additional local airline ticket for the lawmaker valued at N1.36m, which also remains unpaid. Cumulatively, comprising the outstanding international ticket balance and the local ticket, the petitioner claimed that Akpanke is indebted to the agency in the sum of N19,154,468.

The petition further alleged that all efforts to recover the debt had failed. The solicitor wrote, “Owing to the above facts, Hon. Peter Akpanke is now indebted to our client in the sum of N19,154,468.

“Our client has made repeated demands for the payment of these sums of money due to him as debt from Hon. Peter Akpanke, which he has refused, failed and neglected to pay, with the sole aim of not paying our client his money.”

The solicitor urged the authorities to investigate the matter, saying, “We hereby indulge you to please use your good office to investigate the matter such that justice should be done.”

When contacted, Akpanke denied owing Havilah Travels the N19.15m claimed in the petition, insisting that while he had an outstanding balance with the travel agency, the figure being circulated was false.

Speaking on the possible motive behind the petition, the lawmaker said, “If it is not politically motivated, if he has petitioned me to an anti-graft agency, why is he getting across to journalists again today?”

He added, “Number one, it’s a lie. I’m not owing Havilah Travels N19m. I’m having some balances to pay them, but it’s not up to N19m.”

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Akpanke argued that having an outstanding business obligation was not a criminal offence, stressing that commercial debts should not automatically be portrayed as wrongdoing.

“To owe somebody is not a crime, my brother. That’s business. If we did business and maybe I’m owing him, a lot of people are owing me too. I’m not saying I’m not owing him. He has petitioned me to an anti-graft agency. Why not allow them do their work now? Why are you engaging journalists again?” he said.

Rejecting suggestions that he had used his political position to avoid payment, the federal lawmaker maintained that he had enjoyed a longstanding business relationship with the travel agency.

“What has political power got to do with buying tickets? Is that the first time he is buying tickets for me? He has bought tickets for me worth over N100m. Maybe I stayed owing him for some time and it made him petition me. That man had no business doing that,” Akpanke said.

He further defended the practice of purchasing airline tickets on credit, saying, “Which law says you cannot buy tickets on credit? I don’t like blackmailing people because tomorrow is pregnant.”

While admitting that he had transacted with Havilah Travels, Akpanke insisted he had been making payments and could provide proof.

“I will not tell you that I didn’t do business with Havilah Travels. I did. And I’m not owing them N19 million. I’ve been paying. I can show you evidence of the last payment I made to him. So what is all that rubbish now? The person who introduced us together has even told him, ‘Don’t worry, I will bear the liabilities.’ So why is he going to journalists?” he said.

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He warned that he could also publicise his experience with the agency, adding, “I can equally blackmail them and let Nigerians know that when you do business with them, once you owe them, they begin to petition you to the EFCC and all those places. Has it ever stopped me from paying? I know that I have an obligation to pay him.”

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