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Large-scale agriculture driving Edo’s economic growth, says Okpebholo

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Edo State Governor, Senator Monday Okpebholo, has reiterated his administration’s commitment to practical and result-driven governance and the diversification of the State’s economy through large-scale agriculture.

According to the governor’s Chief Press Secretary, Fred Itua, Okpebholo made the remarks on Friday when he led top government officials on an inspection tour of the State-owned Farm, located in Udomi, Edo Central Senatorial District.

Speaking during the visit, Okpebholo described the farm as a tangible example of his administration’s resolve to translate policies into visible results that benefit the people.

The governor said, “It is a practical farm by my administration that delivers on practical governance. That is what you are seeing here. We do not just talk; we do it for you to see.”

Okpebholo commended the Ministry of Agriculture and Food Security for the progress made and reaffirmed his administration’s focus on achieving food security, job creation, and economic diversification through large-scale agriculture.

He stressed that projects like the Udomi Farm represent a clear departure from promises on paper to results that can be seen and measured, underscoring his government’s commitment to empower local farmers and support agro-industrial development across Edo State.

Earlier, the Director of Agricultural Services in the Ministry of Agriculture and Food Security, Ogunbo David, who conducted the Governor and his team round the farm, disclosed that the maize cultivated at the site had reached the harvesting stage.

According to him, the farm is currently recording between six and seven tons of maize per hectare across 400 hectares, with the Prime Flour Mill at Ewu serving as the major off-taker.

Earlier in the day, Okpebholo had inspected ongoing construction work at the Benin Flyover, Ramat Park, Benin City, to ascertain the level of progress before proceeding to the Udomi Farm.

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Customs seize N4.3bn drugs in Tin Can

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The Nigeria Customs Service, Tin Can Island Command, has intercepted two containers of vehicles used to conceal illicit drugs worth over ₦5.3 billion.

The Customs Area Controller, Comptroller Frank Onyeka, confirmed the seizures in a statement issued in Lagos on Friday.

Onyeka said the operation reflected the command’s commitment to intelligence-led border enforcement and trade compliance.

He explained that the first container, numbered HLXU8500072, originated from Montreal, Canada, and was intercepted on Sept. 4 after intelligence analysis.

A joint physical examination uncovered 156 packets of Colorado Indica weighing 78 kilograms and 1.2 kilograms of Hashish Oil hidden inside four imported vehicles.

The second container, numbered FANU312876/9, was seized on Friday, Oct. 24, following actionable intelligence received by the command.

It contained 2,081 packages of Cannabis Indica weighing 1,093 kilograms and eight packages of Crystal Methamphetamine weighing eight kilograms, concealed in four vehicles.

The total value of the seized drugs was estimated at ₦5.304 billion, according to customs valuation reports.

Onyeka said the narcotics had been handed over to the National Drug Law Enforcement Agency for investigation and prosecution.

He commended the NDLEA, Navy, Police, and other agencies for their cooperation in the operation.

The controller stressed that the command would remain vigilant and uncompromising in enforcing Nigeria’s laws and trade conventions.

He urged importers and exporters to comply fully with customs regulations and ensure truthful documentation.

Onyeka thanked the Comptroller General of Customs, Bashir Adeniyi, for his support and appreciated the media’s role in public sensitisation.

Receiving the items, Commander of Narcotics, NDLEA Tin Can Strategic Command, Daniel Onyishi, praised Customs for its vigilance and professionalism.

Onyishi said the operation reflected a strong spirit of inter-agency collaboration against drug trafficking.

He assured all that the NDLEA would conduct a thorough investigation and ensure the legal disposal of the seized substances.

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Nigeria exits global money-laundering watchlist

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President Bola Tinubu has described Nigeria’s removal from the Financial Action Task Force “grey list” as a strategic victory for the nation’s economy and financial governance.

The FATF, the global watchdog on money laundering and terrorist financing, announced Nigeria’s delisting at its October 2025 Plenary in Paris, France, on Friday.

This followed the country’s full implementation of a 19-point action plan aimed at strengthening its Anti-Money Laundering and Countering the Financing of Terrorism framework.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu said the development was “not just a technical accomplishment but a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.”

Nigeria was placed on the grey list in February 2023 over weak enforcement, poor inter-agency coordination, and opaque financial practices.

The President said his administration treated the designation as a call to action rather than a setback as he directed key agencies to implement sweeping reforms.

Under his directive, the Nigerian Financial Intelligence Unit, in collaboration with the Offices of the Attorney-General, and the Ministers of Finance, Justice, and Interior, coordinated comprehensive legal, institutional, and operational reforms to meet FATF standards.

Tinubu praised the Director and Chief Executive Officer of the NFIU, Hafsat Bakari, and her team for their “diligent and timely implementation” of Nigeria’s commitments, earning international recognition for tackling serious financial crimes.

Bakari, who led the reform process, confirmed Nigeria’s delisting in a statement, describing it as “a true test of the country’s resilience, coordination, and unwavering commitment to reform.”

She said, “The FATF has officially removed Nigeria from the list of jurisdictions under increased monitoring, commonly known as the grey list. This milestone marks a historic moment in Nigeria’s fight against serious financial crimes and underscores our commitment to global standards in combating money laundering, terrorist financing, and proliferation financing.”

According to her, key reforms that led to the delisting include the enactment and enforcement of the Money Laundering (Prevention and Prohibition) Act, 2022, and the Terrorism (Prevention and Prohibition) Act, 2022; the operationalisation of the Beneficial Ownership Register; and stronger supervision of designated non-financial businesses and professions.

Bakari noted that Nigeria had also enhanced the capacity of its intelligence and law enforcement agencies to detect, investigate, and prosecute financial crimes while deepening international cooperation and cross-border intelligence sharing.

She lauded President Tinubu for his leadership, as well as the National Assembly, judiciary, and private sector stakeholders, urging all parties to sustain the reform momentum to maintain compliance with global standards.

At the same plenary, the FATF also removed South Africa, Mozambique, and Burkina Faso from its grey list after acknowledging significant improvements in their financial integrity systems.

Analysts say Nigeria’s exit from the watchlist will ease cross-border transactions, attract capital inflows, and strengthen investor confidence in the country’s financial sector.

Tinubu, while welcoming the development, said it marked the beginning of a new chapter in Nigeria’s financial reform agenda.

“We will sustain the institutionalised reforms, deepen collaboration, and continue to build a financial system that Nigerians and the world can trust,” he stated.

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Nigerian petrol marketers to dump Dangote Refinery for cheaper fuel

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Nigerian petroleum product marketers have announced plans to abandon Dangote Refinery’s petrol in favour of cheaper imported fuel.

The spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike, disclosed this on Friday.

This follows the drop in the landing cost of imported fuel to N839.97 per litre, which is N37 cheaper than Dangote Refinery’s gantry petrol price of N877 per litre.

Commenting on the development, Ukadike hinted that petroleum marketers would opt for imported fuel to enable Nigerians to access cheaper petrol.

He noted that the price disparity was a result of the liberalisation and deregulation of the country’s downstream sector.

“It is due to the liberalisation of the sector, which has set the tune for a price war. Marketers now have the option to buy either at N877 per litre with Dangote Refinery or N839 with MEMAN.

“The concern here is why would a local refinery (Dangote) sell petrol higher than imported ones?
“As petroleum product marketers, Nigerians are interested in buying petrol that is cheaper. When we have cheaper fuel, it sells faster,” he said.

The correspondents gathered that ex-depot prices of Emedab, Gulf Treasure, Ardova and Bono stood at N875 per litre, while that of Dangote Refinery remained at N877.

As of Friday evening, petrol was being sold at between N950 and N965 per litre at Nigerian National Petroleum Company Limited, NNPCL, MRS, Ranoil, Total and Emedab retail outlets in Abuja.

It was reports that the ongoing price war among operators in the sector may lead to a reduction in the current retail price in the coming days.

It will be recalled that recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, showed that Nigerians consumed 613.6 million litres of petrol between 2024 and October 10, 2025.

Earlier, marketers had complained about the non-supply of petrol by Dangote Refinery despite having paid billions to the 650,000-barrel-per-day facility.

An earlier report also indicated that Dangote Refinery has been experiencing a supply setback, resulting in a nationwide petrol shortage.

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